Kajaria Ceramics Ltd
- Market Cap ₹ 14,351 Cr.
- Current Price ₹ 901
- High / Low ₹ 1,322 / 745
- Stock P/E 35.8
- Book Value ₹ 184
- Dividend Yield 1.00 %
- ROCE 17.1 %
- ROE 11.2 %
- Face Value ₹ 1.00
Pros
- Company has been maintaining a healthy dividend payout of 45.2%
Cons
- The company has delivered a poor sales growth of 10.5% over past five 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
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1,836 | 2,187 | 2,413 | 2,550 | 2,711 | 2,956 | 2,808 | 2,781 | 3,705 | 4,382 | 4,474 | 4,635 | 4,666 | |
| 1,550 | 1,831 | 1,950 | 2,049 | 2,253 | 2,501 | 2,391 | 2,266 | 3,093 | 3,789 | 3,768 | 4,000 | 3,975 | |
| Operating Profit | 287 | 355 | 463 | 500 | 457 | 455 | 417 | 515 | 612 | 593 | 706 | 636 | 691 |
| OPM % | 16% | 16% | 19% | 20% | 17% | 15% | 15% | 19% | 17% | 14% | 16% | 14% | 15% |
| 1 | 0 | 5 | 11 | 11 | 8 | 23 | 15 | 26 | 25 | 35 | -14 | 20 | |
| Interest | 41 | 29 | 34 | 34 | 24 | 16 | 20 | 11 | 13 | 22 | 17 | 20 | 24 |
| Depreciation | 47 | 56 | 73 | 81 | 89 | 89 | 108 | 107 | 115 | 133 | 148 | 165 | 169 |
| Profit before tax | 199 | 270 | 361 | 396 | 355 | 358 | 312 | 413 | 510 | 462 | 576 | 436 | 518 |
| Tax % | 34% | 32% | 35% | 36% | 36% | 36% | 19% | 25% | 25% | 25% | 25% | 31% | |
| 131 | 185 | 236 | 254 | 229 | 229 | 254 | 309 | 383 | 346 | 432 | 300 | 366 | |
| EPS in Rs | 8.22 | 11.05 | 14.56 | 15.91 | 14.78 | 14.25 | 16.06 | 19.36 | 23.68 | 21.64 | 26.50 | 18.48 | 22.74 |
| Dividend Payout % | 21% | 18% | 17% | 19% | 20% | 21% | 19% | 52% | 46% | 42% | 45% | 49% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 8% |
| 5 Years: | 11% |
| 3 Years: | 8% |
| TTM: | 1% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 5% |
| 5 Years: | 3% |
| 3 Years: | -7% |
| TTM: | 3% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 6% |
| 5 Years: | 1% |
| 3 Years: | -6% |
| 1 Year: | -11% |
| Return on Equity | |
|---|---|
| 10 Years: | 17% |
| 5 Years: | 16% |
| 3 Years: | 14% |
| Last Year: | 11% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 15 | 16 | 16 | 16 | 16 | 16 | 16 | 16 | 16 | 16 | 16 | 16 | 16 |
| Reserves | 514 | 725 | 956 | 1,159 | 1,335 | 1,559 | 1,698 | 1,853 | 2,106 | 2,311 | 2,601 | 2,728 | 2,914 |
| 236 | 243 | 294 | 213 | 170 | 120 | 166 | 126 | 165 | 250 | 239 | 274 | 290 | |
| 410 | 575 | 653 | 652 | 619 | 677 | 557 | 530 | 699 | 751 | 684 | 737 | 749 | |
| Total Liabilities | 1,176 | 1,559 | 1,918 | 2,040 | 2,140 | 2,372 | 2,437 | 2,525 | 2,986 | 3,328 | 3,539 | 3,755 | 3,969 |
| 692 | 860 | 1,121 | 1,177 | 1,145 | 1,078 | 1,195 | 1,192 | 1,150 | 1,447 | 1,638 | 1,717 | 1,667 | |
| CWIP | 41 | 78 | 8 | 8 | 18 | 93 | 27 | 15 | 263 | 82 | 68 | 109 | 136 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 10 | 5 | 0 | 2 | 18 | 34 | 40 |
| 443 | 621 | 790 | 854 | 977 | 1,200 | 1,206 | 1,313 | 1,573 | 1,798 | 1,815 | 1,895 | 2,126 | |
| Total Assets | 1,176 | 1,559 | 1,918 | 2,040 | 2,140 | 2,372 | 2,437 | 2,525 | 2,986 | 3,328 | 3,539 | 3,755 | 3,969 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 166 | 180 | 316 | 338 | 238 | 317 | 224 | 509 | 426 | 296 | 602 | 501 | |
| -151 | -263 | -267 | -140 | -136 | -261 | -90 | -296 | -298 | -182 | -298 | -372 | |
| -13 | 87 | -39 | -168 | -72 | -114 | -140 | -205 | -120 | -135 | -216 | -209 | |
| Net Cash Flow | 2 | 5 | 10 | 30 | 30 | -58 | -6 | 9 | 7 | -22 | 88 | -80 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| 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 | 33 | 35 | 41 | 49 | 61 | 59 | 52 | 57 | 51 | 50 | 51 | 45 |
| Inventory Days | 98 | 151 | 189 | 168 | 150 | 147 | 189 | 119 | 122 | 127 | 111 | 126 |
| Days Payable | 78 | 120 | 144 | 121 | 102 | 112 | 88 | 66 | 78 | 70 | 61 | 69 |
| Cash Conversion Cycle | 54 | 65 | 87 | 96 | 108 | 94 | 152 | 110 | 94 | 107 | 101 | 102 |
| Working Capital Days | -6 | -0 | 17 | 31 | 43 | 41 | 57 | 51 | 36 | 45 | 47 | 42 |
| ROCE % | 32% | 33% | 34% | 31% | 25% | 23% | 18% | 21% | 24% | 20% | 21% | 17% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
24 Jan - Conference call on Jan 30, 2026 05:00 PM IST for Q3/9M ended Dec 31, 2025 results.
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Board Meeting Intimation for Inter-Alia, Consider And Approve The Unaudited Financial Results Of The Company For The Quarter Ended December 31, 2025.
21 Jan - Board meeting on Jan 30, 2026 to consider and approve unaudited results for quarter ended Dec 31, 2025.
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Report On Special Window For Re-Lodgement Of Transfer Request Of Physical Shares
7 Jan - SEBI window report (07.12.2025–06.01.2026): 1 transfer request received, 1 processed, 1 rejected; average 10 days.
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
2 Jan - Certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended December 31, 2025
- Closure of Trading Window 29 Dec
Annual reports
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Financial Year 2025
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2012
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Concalls
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Dec 2025TranscriptPPT
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Oct 2025Transcript PPT REC
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Jul 2025Transcript PPT
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May 2025Transcript PPT REC
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Feb 2025Transcript PPT REC
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Oct 2024Transcript PPT
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Jul 2024Transcript PPT REC
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May 2024Transcript PPT REC
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Mar 2024TranscriptAI SummaryPPT
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Feb 2024Transcript PPT
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Oct 2023Transcript PPT
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Oct 2023TranscriptAI SummaryPPT REC
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Jul 2023Transcript PPT REC
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May 2023Transcript PPT
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Feb 2023Transcript PPT
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Nov 2022Transcript PPT
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Jul 2022Transcript PPT
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May 2022TranscriptPPT
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Oct 2020TranscriptPPT
Product Portfolio
Their product portfolio 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]