Kajaria Ceramics Ltd

Kajaria Ceramics Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Kajaria Ceramics Ltd

₹ 1,205 -3.35%
31 May - close price
kajariaceramics.com BSE: 500233 NSE: KAJARIACER
About

Kajaria Ceramics Ltd is primarily engaged in manufacturing and trading of ceramic and vitrified tiles in India.[1] It is the largest manufacturer of ceramic/ vitrified tiles in India and 8th largest in the world.[2]

Key Points

Product Portfolio
The company's product portfolio mainly includes ceramic wall & floor tiles, polished & glazed vitrified tiles, bath-ware solutions, and plywood & laminates. [1] In FY23, tiles accounted for ~88% of revenues while the rest of products accounted for ~12% of revenues[2]

Website BSE NSE
  • Market Cap ₹ 19,195 Cr.
  • Current Price ₹ 1,205
  • High / Low ₹ 1,524 / 1,110
  • Stock P/E 45.5
  • Book Value ₹ 164
  • Dividend Yield 0.75 %
  • ROCE 21.4 %
  • ROE 17.1 %
  • Face Value ₹ 1.00
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Pros

  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 44.4%

Cons

  • Stock is trading at 7.34 times its book value

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Ceramic Products Industry: Ceramics - Tiles / Sanitaryware

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
953 562 974 1,068 1,102 1,008 1,078 1,091 1,205 1,064 1,122 1,152 1,241
762 481 793 884 936 855 948 958 1,029 895 942 973 1,070
Operating Profit 191 80 180 184 166 154 129 133 176 169 179 178 171
OPM % 20% 14% 19% 17% 15% 15% 12% 12% 15% 16% 16% 16% 14%
7 6 7 7 7 8 4 7 6 9 8 11 17
Interest 3 3 3 3 4 4 3 8 7 5 4 5 7
Depreciation 27 27 28 28 33 32 34 33 34 31 36 39 42
Profit before tax 169 57 157 160 136 126 97 100 140 143 147 146 140
Tax % 22% 27% 24% 22% 29% 26% 29% 26% 21% 24% 25% 26% 25%
131 41 119 125 97 93 69 74 111 109 111 108 104
EPS in Rs 7.99 2.71 7.30 7.67 6.01 5.80 4.39 4.67 6.78 6.75 6.78 6.54 6.43
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
1,583 1,836 2,187 2,413 2,550 2,711 2,956 2,808 2,781 3,705 4,382 4,578
1,336 1,550 1,831 1,950 2,049 2,253 2,501 2,391 2,266 3,093 3,789 3,880
Operating Profit 247 287 355 463 500 457 455 417 515 612 593 698
OPM % 16% 16% 16% 19% 20% 17% 15% 15% 19% 17% 14% 15%
1 1 0 5 11 11 8 23 15 26 25 46
Interest 46 41 29 34 34 24 16 20 11 13 22 21
Depreciation 45 47 56 73 81 89 89 108 107 115 133 148
Profit before tax 158 199 270 361 396 355 358 312 413 510 462 576
Tax % 32% 34% 32% 35% 36% 36% 36% 19% 25% 25% 25% 25%
108 131 185 236 254 229 229 254 309 383 346 432
EPS in Rs 7.11 8.22 11.05 14.56 15.91 14.78 14.25 16.06 19.36 23.68 21.64 26.50
Dividend Payout % 21% 21% 18% 17% 19% 20% 21% 19% 52% 46% 42% 45%
Compounded Sales Growth
10 Years: 10%
5 Years: 9%
3 Years: 18%
TTM: 4%
Compounded Profit Growth
10 Years: 13%
5 Years: 13%
3 Years: 11%
TTM: 20%
Stock Price CAGR
10 Years: 15%
5 Years: 13%
3 Years: 8%
1 Year: -5%
Return on Equity
10 Years: 18%
5 Years: 17%
3 Years: 17%
Last Year: 17%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 15 15 16 16 16 16 16 16 16 16 16 16
Reserves 346 489 725 956 1,159 1,335 1,559 1,698 1,853 2,106 2,311 2,601
320 236 243 294 213 170 120 166 126 165 250 239
367 435 575 653 652 619 677 557 530 699 751 687
Total Liabilities 1,048 1,176 1,559 1,918 2,040 2,140 2,372 2,437 2,525 2,986 3,328 3,543
620 692 860 1,121 1,177 1,145 1,078 1,195 1,192 1,150 1,447 1,638
CWIP 8 41 78 8 8 18 93 27 15 263 82 68
Investments 0 0 0 0 0 0 0 10 5 -0 2 18
420 443 621 790 854 977 1,200 1,206 1,313 1,573 1,798 1,819
Total Assets 1,048 1,176 1,559 1,918 2,040 2,140 2,372 2,437 2,525 2,986 3,328 3,543

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
98 166 180 316 338 238 317 224 509 426 296 602
-150 -151 -263 -267 -140 -136 -261 -90 -296 -298 -182 -298
53 -13 87 -39 -168 -72 -114 -140 -205 -120 -135 -216
Net Cash Flow -0 2 5 10 30 30 -58 -6 9 7 -22 88

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 33 33 35 41 49 61 59 52 57 51 50 49
Inventory Days 121 98 151 189 168 150 147 189 119 122 127 98
Days Payable 91 78 120 144 121 102 112 88 66 78 70 54
Cash Conversion Cycle 63 54 65 87 96 108 94 152 110 94 107 93
Working Capital Days 17 16 21 34 39 54 49 71 61 48 60 56
ROCE % 32% 32% 34% 34% 31% 25% 23% 18% 21% 24% 20%

Shareholding Pattern

Numbers in percentages

3 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
47.54% 47.51% 47.51% 47.50% 47.50% 47.49% 47.49% 47.49% 47.49% 47.49% 47.49% 47.49%
25.09% 24.89% 22.45% 21.27% 19.58% 19.44% 18.57% 16.89% 17.95% 18.48% 18.33% 19.18%
14.89% 15.24% 17.26% 20.32% 22.40% 22.82% 24.49% 26.23% 25.22% 25.43% 25.53% 24.91%
12.48% 12.36% 12.77% 10.91% 10.52% 10.25% 9.44% 9.36% 9.33% 8.59% 8.66% 8.43%
No. of Shareholders 70,67776,45778,90783,43576,33077,02670,10468,22567,85471,39674,77780,081

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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