Kajaria Ceramics Ltd
BSE: 500233 NSE: KAJARIACER CMP: 68.70
Kajaria Ceramics Limited manufactures glazed and unglazed ceramic tiles. The Company sells its products in India and it also exports them to other countries.
Kajaria Ceramics is a decent pick in small cap space. Kajaria Ceramics Revenue has grown steadily and doubled in the last 5 years. But NPM had dipped from 9% in FY06 to 5% in FY10. NPM is now again bouncing back to 7% in recent quarters. Revenue growth in the last one year is little over 30% which is better than it has been in the past. With NPM bouncing back, its a good buy at a P/E of 9. Its also a good time to buy considering markets are at support levels. Buy, Accumulate on dips of 5%.
BSE: 500233 NSE: KAJARIACER CMP: 68.70
Kajaria Ceramics Limited manufactures glazed and unglazed ceramic tiles. The Company sells its products in India and it also exports them to other countries.
Kajaria Ceramics is a decent pick in small cap space. Kajaria Ceramics Revenue has grown steadily and doubled in the last 5 years. But NPM had dipped from 9% in FY06 to 5% in FY10. NPM is now again bouncing back to 7% in recent quarters. Revenue growth in the last one year is little over 30% which is better than it has been in the past. With NPM bouncing back, its a good buy at a P/E of 9. Its also a good time to buy considering markets are at support levels. Buy, Accumulate on dips of 5%.
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