Ceramic Products
Ceramics/Tiles/Sanitaryware
from 1,198 today
Expecting recovery in sales volume, high margins, and strong cash flows, we reiterate our BUY rating on KJC with a revised TP of INR1,500, based on 30x FY28E EPS.
KJC has guided double digit volume growth for 9MFY27 with the EBITDA margin of 18-19% for FY27. We upgraded our rating to 'BUY' from 'Accumulate' due to correction in the stock prices and arrived at a revised TP of INR 1,403.
Ratings and target prices as published by each firm. Each summary condenses that firm's stated view in its own note and is attributed to it; no report text is reproduced.
