KAJARIA CERAMICS
Prabhudas Lilladhar
Broker Research reports: latest Downgrades
for Industry - Ceramics
- This broker has downgraded this stock from it's previous report. (eg. - Buy->Hold)
- Broker has maintained previous recommendation but reduced share price target.
- This broker has upgraded this stock from it's previous report.(eg. - Sell->Hold)
- Broker has maintained previous recommendation but increased share price target.
RESEARCH REPORTS ALERTS
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| Summary | Date | Stock | Author | LTP | Target | Price at reco (Change since reco%) |
Upside(%) | Type | Report | Discuss | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 09 May 2024 | Kajaria Ceramics |
Prabhudas Lilladhar
|
993.50 | 1318.00 | 1181.80 (-15.93%) | Target met |
Accumulate
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| 09 May 2024 | Kajaria Ceramics |
IDBI Capital
|
993.50 | 1473.00 | 1181.80 (-15.93%) | Target met |
Buy
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| 05 Feb 2024 | Somany Ceramics |
IDBI Capital
|
388.25 | 775.00 | 726.75 (-46.58%) | Target met |
Hold
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| 02 Feb 2024 | Kajaria Ceramics |
ICICI Direct
|
993.50 | 1580.00 | 1344.80 (-26.12%) |
Buy
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| 01 Feb 2024 | Kajaria Ceramics |
BOB Capital Markets Ltd.
|
993.50 | 1400.00 | 1377.60 (-27.88%) | Target met |
Hold
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First Light | Maruti Suzuki, Dr Reddy's Labs, Voltas, Dixon Technologies, Kajaria Ceramics, Blue Star, KEC …
BOB Capital Markets Ltd.
MSIL: Healthy all-round performance raise to BUY. DRRD: Buoyant US sales drive performance. VOLT: UCP improving, Qatar business a dampener. DIXON: Mobile business dials up growth; maintain BUY. KJC: Soft demand, intense competition mar quarter. BLSTR: Purple patch continues; maintain BUY. KECI: Pipeline robust, margin improvement delayed. ABSLAMC: Double-digit growth but market share bleed continues. Metals & Mining: Jindal Stainless: Management meet takeaways
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| 21 Oct 2023 | Kajaria Ceramics |
ICICI Securities Limited
|
993.50 | 1454.00 | 1230.15 (-19.24%) | Target met |
Buy
|
Tepid quarter; much stronger H2FY24 outlook
ICICI Securities Limited
In Q2FY24, Kajaria Ceramics (KJC) reported in-line consol. revenue growth of 4.1% YoY driven by tiles volume growth of 6.3% YoY (4-year CAGR of 7.6%), while realisation declined 3.4% YoY (-1.2% QoQ). EBITDA margin expanded 402bps YoY (+12bps QoQ) to 16% on a low base due to lower RM cost (-616bps /-197bps YoY/QoQ, including power and fuel cost), resulting in EBITDA/APAT growth of 38.9%/48.9% YoY.
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| 20 Oct 2023 | Kajaria Ceramics |
IDBI Capital
|
993.50 | 1522.00 | 1207.05 (-17.69%) | Target met |
Buy
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| 27 Jul 2023 | Kajaria Ceramics |
IDBI Capital
|
993.50 | 1508.00 | 1355.65 (-26.71%) | Target met |
Hold
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| 18 May 2023 | Kajaria Ceramics |
ICICI Securities Limited
|
993.50 | 1290.00 | 1184.85 (-16.15%) | Target met |
Accumulate
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Margin tailwinds ahead
ICICI Securities Limited
Kajaria Ceramics (KJC) reported Q4FY23 consolidated revenue growth of 9.4% YoY driven by tiles volume growth of 7.9% YoY (4-year CAGR of 5.6%) while realisation remained flat YoY/QoQ. EBITDA margin declined 46bps YoY (+241bps QoQ) to 14.6% due to higher raw material costs (+35bps YoY) and higher ‘other expenses’ (+73bps YoY).
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| 30 Jan 2023 | Kajaria Ceramics |
ICICI Securities Limited
|
993.50 | 1290.00 | 1097.55 (-9.48%) | Target met |
Buy
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Tepid quarter; margins to improve from Q4
ICICI Securities Limited
Kajaria Ceramics (KJC) reported Q3FY23 consolidated revenue growth of 2.1% YoY as tiles volumes remained flat YoY (3-year CAGR of 7.6%) on a high base while tile realisation grew 3.1% YoY.
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