Kajaria Ceramics Ltd

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

Kajaria Ceramics Ltd

₹ 1,043 2.06%
28 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 ₹ 16,610 Cr.
  • Current Price ₹ 1,043
  • High / Low ₹ 1,579 / 745
  • Stock P/E 60.4
  • Book Value ₹ 164
  • Dividend Yield 1.15 %
  • ROCE 16.5 %
  • ROE 10.6 %
  • Face Value ₹ 1.00
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Pros

  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 54.0%
  • Company's working capital requirements have reduced from 44.0 days to 35.1 days

Cons

  • The company has delivered a poor sales growth of 10.4% over past five years.
  • Company has a low return on equity of 13.7% over last 3 years.

* 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

Part of BSE 500 Nifty 500 BSE SmallCap BSE Allcap BSE Consumer Discretionary

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
987 914 980 986 1,091 964 1,010 1,024 1,104 1,002 1,062 1,050 1,105
842 777 861 870 948 828 864 881 968 868 924 929 1,009
Operating Profit 145 137 118 117 143 137 146 144 136 134 139 121 96
OPM % 15% 15% 12% 12% 13% 14% 14% 14% 12% 13% 13% 12% 9%
11 12 12 13 13 14 14 16 24 16 18 17 -95
Interest 2 2 1 4 3 3 1 2 2 2 2 3 2
Depreciation 21 22 23 23 23 22 27 30 32 32 29 28 29
Profit before tax 133 126 107 102 130 126 131 128 127 116 125 107 -29
Tax % 27% 26% 26% 26% 26% 26% 26% 26% 25% 26% 26% 26% 88%
98 93 79 76 96 94 98 95 95 87 93 80 -55
EPS in Rs 6.13 5.86 4.97 4.75 6.04 5.88 6.13 5.96 5.98 5.44 5.83 4.99 -3.45
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
1,882 2,233 2,443 2,528 2,581 2,726 2,572 2,523 3,299 3,971 4,103 4,219
1,644 1,946 2,055 2,085 2,152 2,321 2,194 2,089 2,767 3,455 3,541 3,729
Operating Profit 239 287 388 443 429 405 378 434 533 516 562 490
OPM % 13% 13% 16% 18% 17% 15% 15% 17% 16% 13% 14% 12%
1 1 21 21 19 34 49 50 43 50 69 -45
Interest 26 6 7 4 4 3 9 5 6 11 8 9
Depreciation 36 39 47 53 62 63 79 74 84 91 111 117
Profit before tax 177 243 355 407 382 373 339 406 485 463 512 319
Tax % 34% 31% 33% 34% 34% 34% 18% 26% 25% 26% 26% 36%
117 168 237 270 252 246 279 302 362 344 381 204
EPS in Rs 7.72 10.60 14.92 17.00 15.87 15.47 17.54 18.97 22.76 21.63 23.95 12.82
Dividend Payout % 23% 19% 17% 18% 19% 19% 17% 53% 48% 42% 50% 70%
Compounded Sales Growth
10 Years: 7%
5 Years: 10%
3 Years: 9%
TTM: 3%
Compounded Profit Growth
10 Years: 5%
5 Years: 0%
3 Years: -9%
TTM: -27%
Stock Price CAGR
10 Years: 9%
5 Years: 25%
3 Years: -1%
1 Year: -18%
Return on Equity
10 Years: 17%
5 Years: 15%
3 Years: 14%
Last Year: 11%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 15 16 16 16 16 16 16 16 16 16 16 16
Reserves 502 706 940 1,164 1,361 1,550 1,714 1,862 2,095 2,304 2,555 2,592
89 81 43 11 12 10 76 33 70 135 67 96
346 392 460 469 443 472 389 397 511 505 535 568
Total Liabilities 952 1,195 1,460 1,659 1,831 2,047 2,195 2,308 2,692 2,961 3,172 3,272
504 514 663 719 745 709 694 688 817 990 1,141 1,133
CWIP 12 4 6 5 1 0 9 9 181 78 55 97
Investments 45 79 109 109 116 117 134 129 119 144 202 181
391 598 683 827 969 1,221 1,358 1,481 1,574 1,749 1,775 1,861
Total Assets 952 1,195 1,460 1,659 1,831 2,047 2,195 2,308 2,692 2,961 3,172 3,272

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
149 9 305 262 199 291 235 452 362 218 551 455
-88 -70 -215 -135 -114 -285 -139 -245 -239 -132 -215 -327
-60 63 -91 -84 -57 -63 -104 -202 -110 -110 -256 -209
Net Cash Flow 1 2 -2 44 28 -57 -7 5 13 -24 80 -82

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 31 31 38 44 58 55 49 54 49 49 46 43
Inventory Days 54 62 62 69 76 83 95 58 70 76 65 59
Days Payable 51 55 65 61 56 68 53 51 52 46 49 49
Cash Conversion Cycle 33 39 35 52 77 70 92 62 66 79 63 54
Working Capital Days 10 28 23 32 48 46 58 42 36 51 45 35
ROCE % 35% 36% 41% 38% 30% 25% 21% 22% 24% 20% 20% 16%

Shareholding Pattern

Numbers in percentages

1 Recently
Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
47.50% 47.49% 47.49% 47.49% 47.49% 47.49% 47.49% 47.49% 47.49% 47.49% 47.49% 47.49%
19.58% 19.44% 18.57% 16.89% 17.95% 18.48% 18.33% 19.18% 16.21% 16.07% 16.04% 15.79%
22.40% 22.82% 24.49% 26.23% 25.22% 25.43% 25.53% 24.91% 27.83% 28.39% 27.91% 27.68%
10.52% 10.25% 9.44% 9.36% 9.33% 8.59% 8.66% 8.43% 8.46% 8.05% 8.57% 9.06%
No. of Shareholders 76,33077,02670,10468,22567,85471,39674,77780,08183,28077,58782,46289,567

* 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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Documents

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