Kajaria Ceramics is the largest manufacturer of ceramic/vitrified tiles in India with current annual capacity of 84.5 mn sq metre (MSM) • Apart from completed capex of Rs 250 crore on tiles, it is adding 1.8 MSM brownfield capex in Sikandrabad and setting up a plant of 8 MSM in Nepal in a JV with investment of ~Rs 125 crore.
OutlookKajaria with a net cash balance sheet and superior brand, is a solid play on the tiles sector with expanding reach to tier 2/3 cities. With gas price easing & alternate fuel use, margin recovery is on the anvil. Thus, we maintain BUY.
For all recommendations report, click hereDisclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
Kajaria Ceramics - 30 -01-2023 - iciciDiscover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.
