{"id":12263,"date":"2017-10-16T17:29:51","date_gmt":"2017-10-16T11:59:51","guid":{"rendered":"https:\/\/blog.fundsindia.com\/blog\/?p=12263"},"modified":"2017-10-16T17:29:51","modified_gmt":"2017-10-16T11:59:51","slug":"kajaria-ceramics-ltd","status":"publish","type":"post","link":"https:\/\/www.fundsindia.com\/blog\/equities\/kajaria-ceramics-ltd\/12263","title":{"rendered":"Kajaria Ceramics Ltd."},"content":{"rendered":"<p style=\"text-align: justify;\"><strong>Moving up the value chain<\/strong><\/p>\n<p style=\"text-align: justify;\">Kajaria Ceramics is the largest manufacturer of ceramic\/vitrified tiles in India with a product basket of more than 2,600 varieties of ceramic and vitrified tiles. It has an annual aggregate capacity of 63.90 mn. sq.<\/p>\n<p style=\"text-align: justify;\"><strong>Valuations<\/strong>: Kajaria\u2019s dominant position coupled with impressive brand stregth, exapnding product portfolio, sustained market share gains and sound balalnce sheet strength will drive growth going ahead. Consequently, we estimate consolidated revenue\/PAT to grow at a CAGR of 15%\/22% over FY17-19E. The stock currently trades at 41.3x\/31x FY18E\/19E EPS. We value the stock at 34x FY19E EPS arriving at a target price (TP) of Rs. 802. Recommend HOLD.<\/p>\n<p style=\"text-align: justify;\"><a href=\"https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2017\/10\/Research-Report-Kajaria-Ceramics-Ltd.pdf\">Research Report Kajaria Ceramics Ltd<\/a><\/p>\n<p style=\"text-align: justify;\"><i>Investments in equity shares, debentures, etc., are not obligations of, or guaranteed by Wealth India Financial Services Pvt. Ltd., and are subject to investment risks.\u00a0<a href=\"http:\/\/pages.fundsindia.com\/pages\/disclaimer-equities\/\">Click here<\/a>\u00a0to read our full disclaimer.<\/i><\/p>\n<p style=\"text-align: justify;\">\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Moving up the value chain Kajaria Ceramics is the largest manufacturer of ceramic\/vitrified tiles in India with a product basket of more than 2,600 varieties of ceramic and vitrified tiles. It has an annual aggregate capacity of 63.90 mn. sq. Valuations: Kajaria\u2019s dominant position coupled with impressive brand stregth, exapnding product portfolio, sustained market share [&hellip;]<\/p>\n","protected":false},"author":14,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[59],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v17.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Kajaria Ceramics Ltd.<\/title>\n<meta name=\"description\" content=\"Find the latest research report on Kajaria Ceramics Ltd. 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