WEBSITE BSE:500233 NSE: KAJARIA CER. Inc. Year: 1985 Industry: Ceramics/Marble/Granite/Sanitaryware
Last updated: 15:45
Kajaria Ceramics Ltd is engaged in production ceramic/vitrified tiles in India. Its segments comprises Tiles and Others. The Tiles section consists of manufacturing and trading of ceramic and vitrified wall and floor tiles. The Others section includes production of sanitaryware and faucet and trading of plywood and block board. Its product category includes glazed vitrified tiles, ceramic tiles, and polished vitrified tiles. Its wall tiles consists of bathroom wall tiles, kitchen wall tiles, outside wall titles, residing room wall titles, bed r...Read More
Kajaria Ceramics Ltd is engaged in production ceramic/vitrified tiles in India. Its segments comprises Tiles and Others. The Tiles section consists of manufacturing and trading of ceramic and vitrified wall and floor tiles. The Others section includes production of sanitaryware and faucet and trading of plywood and block board. Its product category includes glazed vitrified tiles, ceramic tiles, and polished vitrified tiles. Its wall tiles consists of bathroom wall tiles, kitchen wall tiles, outside wall titles, residing room wall titles, bed room wall titles, and wall titles for industrial spaces. Its floor titles include residing room floor titles, outdoor ground titles, bed room floor titles, kitchen floor titles, lavatory ground titles and ground tiles for business areas. It has 8 manufacturing plants, which consist of Sikandrabad in Uttar Pradesh, Gailpur and Malootana in Rajasthan, Vijayawada and Srikalahasti in Andhra Pradesh and 3 plants in Gujarat. ...Read Less
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Market Cap ₹15130 Cr.
Stock P/E 43.4
P/B 5
Current Price ₹950
Book Value ₹ 189.4
Face Value 1
52W High ₹1322
Dividend Yield 0.95%
52W Low ₹ 745
Price goes above X
Price falls below X
PE goes above X
PE falls below X
₹ | |
| #(Fig in Cr.) | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 1122 | 1152 | 1208 | 1096 | 1162 | 1156 | 1222 | 1103 | 1186 | 1168 |
| Other Income | 8 | 11 | 17 | 10 | 10 | 10 | 12 | 13 | 15 | 12 |
| Total Income | 1130 | 1163 | 1226 | 1106 | 1172 | 1166 | 1234 | 1116 | 1201 | 1180 |
| Total Expenditure | 942 | 973 | 1035 | 925 | 998 | 1002 | 1083 | 916 | 973 | 967 |
| Operating Profit | 188 | 190 | 190 | 181 | 173 | 164 | 151 | 200 | 229 | 213 |
| Interest | 4 | 5 | 5 | 3 | 3 | 7 | 6 | 5 | 6 | 6 |
| Depreciation | 36 | 39 | 42 | 42 | 40 | 40 | 43 | 44 | 42 | 42 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -40 |
| Profit Before Tax | 148 | 146 | 143 | 136 | 130 | 117 | 101 | 151 | 181 | 126 |
| Provision for Tax | 37 | 38 | 35 | 36 | 35 | 31 | 34 | 40 | 47 | 39 |
| Profit After Tax | 111 | 108 | 108 | 100 | 95 | 86 | 67 | 112 | 134 | 87 |
| Adjustments | -3 | -4 | -5 | -10 | -10 | -8 | -24 | -3 | -1 | 1 |
| Profit After Adjustments | 108 | 104 | 102 | 90 | 84 | 78 | 43 | 109 | 133 | 88 |
| Adjusted Earnings Per Share | 6.8 | 6.5 | 6.4 | 5.6 | 5.3 | 4.9 | 2.7 | 6.8 | 8.3 | 5.5 |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 2187 | 2413 | 2550 | 2711 | 2956 | 2808 | 2781 | 3705 | 4382 | 4474 | 4635 | 4679 |
| Other Income | 9 | 10 | 15 | 11 | 18 | 24 | 21 | 28 | 34 | 46 | 43 | 52 |
| Total Income | 2196 | 2424 | 2565 | 2721 | 2974 | 2832 | 2802 | 3733 | 4416 | 4520 | 4678 | 4731 |
| Total Expenditure | 1833 | 1956 | 2053 | 2254 | 2507 | 2392 | 2272 | 3095 | 3790 | 3767 | 4009 | 3939 |
| Operating Profit | 363 | 468 | 512 | 467 | 468 | 440 | 530 | 638 | 626 | 753 | 669 | 793 |
| Interest | 31 | 34 | 34 | 24 | 16 | 20 | 11 | 13 | 22 | 17 | 20 | 23 |
| Depreciation | 56 | 73 | 81 | 89 | 89 | 108 | 107 | 115 | 133 | 148 | 165 | 171 |
| Exceptional Income / Expenses | -6 | 0 | 0 | 1 | -5 | 0 | 0 | 0 | -8 | 0 | 0 | -40 |
| Profit Before Tax | 270 | 361 | 396 | 355 | 358 | 312 | 413 | 510 | 462 | 587 | 484 | 559 |
| Provision for Tax | 85 | 125 | 142 | 127 | 129 | 59 | 104 | 127 | 116 | 143 | 136 | 160 |
| Profit After Tax | 185 | 236 | 254 | 229 | 229 | 254 | 309 | 383 | 346 | 444 | 348 | 400 |
| Adjustments | -9 | -5 | -1 | 6 | -2 | 2 | -1 | -6 | -2 | -21 | -54 | -27 |
| Profit After Adjustments | 176 | 231 | 253 | 235 | 227 | 255 | 308 | 377 | 345 | 422 | 294 | 373 |
| Adjusted Earnings Per Share | 11.1 | 14.5 | 15.9 | 14.8 | 14.2 | 16.1 | 19.4 | 23.7 | 21.6 | 26.5 | 18.5 | 23.3 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | 4% | 8% | 11% | 8% |
| Operating Profit CAGR | -11% | 2% | 9% | 6% |
| PAT CAGR | -22% | -3% | 6% | 7% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | 8% | -4% | -1% | 8% |
| ROE Average | 13% | 16% | 17% | 19% |
| ROCE Average | 18% | 20% | 22% | 25% |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Shareholder's Funds | 741 | 972 | 1175 | 1351 | 1575 | 1714 | 1869 | 2122 | 2327 | 2617 | 2744 |
| Minority's Interest | 62 | 76 | 76 | 66 | 66 | 64 | 65 | 65 | 78 | 59 | 66 |
| Borrowings | 96 | 142 | 116 | 59 | 31 | 22 | 31 | 24 | 52 | 63 | 71 |
| Other Non-Current Liabilities | 89 | 104 | 119 | 118 | 113 | 121 | 101 | 116 | 123 | 133 | 166 |
| Total Current Liabilities | 644 | 724 | 554 | 546 | 587 | 517 | 460 | 659 | 710 | 667 | 708 |
| Total Liabilities | 1633 | 2019 | 2040 | 2140 | 2372 | 2437 | 2525 | 2986 | 3328 | 3539 | 3755 |
| Fixed Assets | 860 | 1121 | 1177 | 1145 | 1078 | 1195 | 1192 | 1150 | 1447 | 1638 | 1717 |
| Other Non-Current Assets | 119 | 37 | 41 | 44 | 123 | 55 | 40 | 385 | 195 | 139 | 219 |
| Total Current Assets | 654 | 861 | 822 | 951 | 1171 | 1188 | 1293 | 1451 | 1611 | 1763 | 1819 |
| Total Assets | 1633 | 2019 | 2040 | 2140 | 2372 | 2437 | 2525 | 2986 | 3328 | 3539 | 3755 |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Opening Cash & Cash Equivalents | 5 | 10 | 20 | 50 | 80 | 22 | 16 | 25 | 32 | 11 | 98 |
| Cash Flow from Operating Activities | 180 | 316 | 338 | 238 | 317 | 224 | 509 | 426 | 296 | 597 | 501 |
| Cash Flow from Investing Activities | -263 | -267 | -140 | -137 | -261 | -90 | -296 | -298 | -184 | -297 | -372 |
| Cash Flow from Financing Activities | 87 | -39 | -168 | -72 | -114 | -140 | -205 | -120 | -135 | -212 | -209 |
| Net Cash Inflow / Outflow | 5 | 10 | 30 | 30 | -58 | -6 | 9 | 7 | -23 | 88 | -80 |
| Closing Cash & Cash Equivalent | 10 | 20 | 50 | 80 | 22 | 16 | 25 | 32 | 11 | 98 | 19 |
| # | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Per Share (Rs) | 11.05 | 14.52 | 15.91 | 14.78 | 14.25 | 16.06 | 19.36 | 23.68 | 21.64 | 26.5 | 18.48 |
| CEPS(Rs) | 15.15 | 19.43 | 21.1 | 19.95 | 19.99 | 22.74 | 26.12 | 31.29 | 30.09 | 37.1 | 32.25 |
| DPS(Rs) | 2 | 2.5 | 3 | 3 | 3 | 3 | 10 | 11 | 9 | 12 | 9 |
| Book NAV/Share(Rs) | 46.63 | 60.94 | 73.78 | 84.66 | 98.73 | 107.47 | 117.24 | 133.2 | 145.6 | 163.28 | 170.96 |
| Core EBITDA Margin(%) | 14.65 | 16.93 | 17.39 | 16.4 | 15.2 | 14.11 | 17.52 | 15.81 | 12.96 | 15.1 | 12.93 |
| EBIT Margin(%) | 12.46 | 14.63 | 15.07 | 13.64 | 12.64 | 11.26 | 14.58 | 13.53 | 10.61 | 12.91 | 10.41 |
| Pre Tax Margin(%) | 11.18 | 13.35 | 13.88 | 12.77 | 12.11 | 10.6 | 14.21 | 13.2 | 10.12 | 12.54 | 10 |
| PAT Margin (%) | 7.65 | 8.74 | 8.89 | 8.22 | 7.74 | 8.6 | 10.64 | 9.91 | 7.58 | 9.47 | 7.19 |
| Cash Profit Margin (%) | 9.96 | 11.42 | 11.74 | 11.4 | 10.75 | 12.27 | 14.31 | 12.89 | 10.49 | 12.63 | 10.61 |
| ROA(%) | 12.9 | 12.93 | 12.51 | 10.94 | 10.14 | 10.54 | 12.45 | 13.89 | 10.97 | 12.92 | 9.55 |
| ROE(%) | 29.7 | 27.63 | 23.71 | 18.15 | 15.69 | 15.47 | 17.29 | 19.21 | 15.6 | 18.03 | 13.08 |
| ROCE(%) | 34.44 | 35.14 | 32.43 | 26.08 | 23.23 | 18.77 | 22.23 | 24.79 | 20.26 | 22.7 | 17.67 |
| Receivable days | 28.08 | 32.5 | 39.19 | 51.79 | 57.15 | 53.96 | 52.06 | 44.64 | 44.52 | 47.59 | 44.83 |
| Inventory Days | 37.47 | 46.43 | 48.35 | 49.22 | 48.42 | 56.86 | 55.67 | 39.63 | 41.17 | 42.76 | 43.35 |
| Payable days | 95.87 | 129.45 | 127.12 | 96.73 | 82.32 | 83.35 | 71.18 | 65.91 | 68.31 | 63.22 | 64.28 |
| PER(x) | 36.35 | 32.82 | 36.76 | 38.37 | 41.45 | 23.45 | 47.73 | 42.99 | 48.71 | 43.64 | 46.45 |
| Price/Book(x) | 8.61 | 7.82 | 7.93 | 6.7 | 5.98 | 3.5 | 7.88 | 7.64 | 7.24 | 7.08 | 5.02 |
| Dividend Yield(%) | 0.5 | 0.52 | 0.51 | 0.53 | 0.51 | 0.8 | 1.08 | 1.08 | 0.85 | 1.04 | 1.05 |
| EV/Net Sales(x) | 3.02 | 3.25 | 3.71 | 3.36 | 3.13 | 2.1 | 5.16 | 4.29 | 3.79 | 4.04 | 2.86 |
| EV/Core EBITDA(x) | 18.22 | 16.76 | 18.48 | 19.49 | 19.81 | 13.39 | 27.09 | 24.92 | 26.53 | 24.01 | 19.83 |
| Net Sales Growth(%) | 19.09 | 10.36 | 5.64 | 6.31 | 9.06 | -5.01 | -0.97 | 33.24 | 18.26 | 2.1 | 3.6 |
| EBIT Growth(%) | 25.23 | 31.16 | 8.86 | -11.82 | -1.53 | -11.15 | 27.56 | 23.49 | -7.29 | 24.64 | -16.54 |
| PAT Growth(%) | 40.77 | 27.7 | 7.5 | -9.93 | 0.07 | 10.83 | 21.84 | 23.9 | -9.55 | 28.11 | -21.46 |
| EPS Growth(%) | 34.51 | 31.35 | 9.61 | -7.12 | -3.57 | 12.69 | 20.57 | 22.3 | -8.62 | 22.45 | -30.27 |
| Debt/Equity(x) | 0.33 | 0.3 | 0.18 | 0.13 | 0.08 | 0.08 | 0.05 | 0.06 | 0.09 | 0.07 | 0.06 |
| Current Ratio(x) | 1.02 | 1.19 | 1.48 | 1.74 | 2 | 2.3 | 2.81 | 2.2 | 2.27 | 2.64 | 2.57 |
| Quick Ratio(x) | 0.54 | 0.66 | 0.81 | 1.05 | 1.3 | 1.31 | 2 | 1.5 | 1.47 | 1.85 | 1.7 |
| Interest Cover(x) | 9.71 | 11.47 | 12.66 | 15.74 | 23.97 | 17.01 | 39.54 | 41.08 | 21.72 | 34.95 | 25.18 |
| Total Debt/Mcap(x) | 0.04 | 0.04 | 0.02 | 0.02 | 0.01 | 0.02 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| # | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 47.49 | 47.49 | 47.49 | 47.49 | 47.49 | 47.48 | 47.48 | 47.48 | 47.61 | 47.69 |
| FII | 18.48 | 18.32 | 19.18 | 16.21 | 16.07 | 16.04 | 15.79 | 12.55 | 11.57 | 11.66 |
| DII | 25.45 | 25.54 | 24.92 | 27.84 | 28.39 | 27.91 | 27.68 | 27.39 | 26 | 26.3 |
| Public | 8.59 | 8.65 | 8.42 | 8.47 | 8.05 | 8.57 | 9.05 | 12.57 | 14.82 | 14.35 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 7.56 | 7.56 | 7.56 | 7.56 | 7.56 | 7.56 | 7.56 | 7.56 | 7.58 | 7.6 |
| FII | 2.94 | 2.92 | 3.05 | 2.58 | 2.56 | 2.56 | 2.51 | 2 | 1.84 | 1.86 |
| DII | 4.05 | 4.07 | 3.97 | 4.43 | 4.52 | 4.44 | 4.41 | 4.36 | 4.14 | 4.19 |
| Public | 1.37 | 1.38 | 1.34 | 1.35 | 1.28 | 1.36 | 1.44 | 2 | 2.36 | 2.29 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 15.93 | 15.93 | 15.93 | 15.93 | 15.93 | 15.93 | 15.93 | 15.93 | 15.93 | 15.93 |
* The pros and cons are machine generated.
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