29 Oct 2024
Somany Ceramics
BOB Capital Markets Ltd.
Target
419.50
850.00
653.25
(-35.78%)
Buy
Broker Report
Topline broadly in line; but EBITDA missed on margin contraction due to low absorption of fixed-cost overhead
23 Oct 2024
Kajaria Ceramics
Sharekhan
Target
1053.00
1600.00
1261.80
(-16.55%)
Buy
Broker Report
We maintain a Buy on Kajaria Ceramics with a revised PT of Rs. 1,600, factoring downwardly revised estimates and considering a healthy earnings growth trajectory in the next three years.
23 Oct 2024
Kajaria Ceramics
ICICI Direct
Target
1053.00
1500.00
1261.80
(-16.55%)
Buy
04 Aug 2024
Somany Ceramics
IDBI Capital
Reco
419.50
765.00
711.10
(-41.01%)
Hold
24 Jul 2024
Kajaria Ceramics
IDBI Capital
Reco
Target
1053.00
1530.00
1468.80
(-28.31%)
Target met
Hold
23 Jul 2024
Kajaria Ceramics
ICICI Securities Limited
Reco
Target
1053.00
1433.00
1442.30
(-26.99%)
Target met
Hold
Broker Report
Kajaria Ceramics (KJC) has reported Q1FY25 consol. revenue growth of 4.6% YoY driven by tile volume growth of 7.9% YoY (-8.8% QoQ; 5-year CAGR of 6.5%). EBITDA margin fell 90bps YoY (+114bps QoQ) to 15%.
23 Jul 2024
Kajaria Ceramics
BOB Capital Markets Ltd.
Reco
Target
1053.00
1450.00
1442.30
(-26.99%)
Target met
Hold
Broker Report
Q1 operating profit came broadly in line with our estimates, but missed our APAT estimate by 11.5% on lower other income and higher tax rate
16 May 2024
Somany Ceramics
ICICI Securities Limited
Target
419.50
916.00
719.75
(-41.72%)
Buy
Broker Report
In Q4FY24, Somany Ceramics (SOMC) reported consolidated revenue growth of 8.6% YoY driven by tile volume growth of 7.3% YoY (+19.9% QoQ; 3-year CAGR of 3.8%), but tile realisation declined 2.3% YoY (-1.2% QoQ).
16 May 2024
Somany Ceramics
IDBI Capital
Reco
Target
419.50
765.00
719.75
(-41.72%)
Target met
Buy
10 May 2024
Kajaria Ceramics
ICICI Direct
Target
1053.00
1440.00
1180.50
(-10.80%)
Target met
Buy