Kajaria Ceramics Ltd

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

Kajaria Ceramics Ltd

₹ 1,232 1.95%
10 Oct 10:08 a.m.
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 ₹ 19,626 Cr.
  • Current Price ₹ 1,232
  • High / Low ₹ 1,425 / 745
  • Stock P/E 65.1
  • Book Value ₹ 164
  • Dividend Yield 0.74 %
  • ROCE 16.8 %
  • ROE 10.8 %
  • 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%

Cons

  • Stock is trading at 7.39 times its book value
  • The company has delivered a poor sales growth of 10.4% over past five years.
  • Company has a low return on equity of 13.8% 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

Consumer Discretionary Consumer Durables Consumer Durables Ceramics

Part of BSE 500 Nifty 500 BSE SmallCap Nifty Smallcap 100 BSE Allcap

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025
914 980 986 1,091 964 1,010 1,024 1,104 1,002 1,062 1,050 1,105 1,007
777 861 870 948 828 864 881 968 868 924 929 1,009 861
Operating Profit 137 118 117 143 137 146 144 136 134 139 121 96 146
OPM % 15% 12% 12% 13% 14% 14% 14% 12% 13% 13% 12% 9% 14%
12 12 13 13 14 14 16 24 16 18 17 -95 19
Interest 2 1 4 3 3 1 2 2 2 2 3 2 2
Depreciation 22 23 23 23 22 27 30 32 32 29 28 29 29
Profit before tax 126 107 102 130 126 131 128 127 116 125 107 -29 134
Tax % 26% 26% 26% 26% 26% 26% 26% 25% 26% 26% 26% 88% 26%
93 79 76 96 94 98 95 95 87 93 80 -55 100
EPS in Rs 5.86 4.97 4.75 6.04 5.88 6.13 5.96 5.98 5.44 5.83 4.99 -3.45 6.26
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 TTM
1,882 2,233 2,443 2,528 2,581 2,726 2,572 2,523 3,299 3,971 4,103 4,219 4,224
1,644 1,946 2,055 2,085 2,152 2,321 2,194 2,089 2,767 3,455 3,541 3,720 3,723
Operating Profit 239 287 388 443 429 405 378 434 533 516 562 499 502
OPM % 13% 13% 16% 18% 17% 15% 15% 17% 16% 13% 14% 12% 12%
1 1 21 21 19 34 49 50 43 50 69 -54 -41
Interest 26 6 7 4 4 3 9 5 6 11 8 9 9
Depreciation 36 39 47 53 62 63 79 74 84 91 111 117 115
Profit before tax 177 243 355 407 382 373 339 406 485 463 512 319 337
Tax % 34% 31% 33% 34% 34% 34% 18% 26% 25% 26% 26% 36%
117 168 237 270 252 246 279 302 362 344 381 204 217
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 13.63
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: 2%
Compounded Profit Growth
10 Years: 5%
5 Years: 0%
3 Years: -8%
TTM: -19%
Stock Price CAGR
10 Years: 12%
5 Years: 18%
3 Years: 2%
1 Year: -13%
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 63
Days Payable 51 55 65 61 56 68 53 51 52 46 49 52
Cash Conversion Cycle 33 39 35 52 77 70 92 62 66 79 63 55
Working Capital Days -1 15 18 31 47 46 51 40 32 42 42 33
ROCE % 35% 36% 41% 38% 30% 25% 21% 22% 24% 20% 20% 17%

Shareholding Pattern

Numbers in percentages

7 Recently
Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025
47.49% 47.49% 47.49% 47.49% 47.49% 47.49% 47.49% 47.49% 47.49% 47.49% 47.49% 47.49%
19.44% 18.57% 16.89% 17.95% 18.48% 18.33% 19.18% 16.21% 16.07% 16.04% 15.79% 12.55%
22.82% 24.49% 26.23% 25.22% 25.43% 25.53% 24.91% 27.83% 28.39% 27.91% 27.68% 27.39%
10.25% 9.44% 9.36% 9.33% 8.59% 8.66% 8.43% 8.46% 8.05% 8.57% 9.06% 12.57%
No. of Shareholders 77,02670,10468,22567,85471,39674,77780,08183,28077,58782,46289,56793,310

* 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

Announcements

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