Kajaria Ceramics Ltd
₹ 940
2.35%
06 Feb
- close price
- Market Cap ₹ 14,979 Cr.
- Current Price ₹ 940
- High / Low ₹ 1,322 / 745
- Stock P/E 34.6
- Book Value ₹ 184
- Dividend Yield 0.96 %
- 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.
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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 | 4,679 | |
| 1,550 | 1,831 | 1,950 | 2,049 | 2,253 | 2,501 | 2,391 | 2,266 | 3,093 | 3,789 | 3,768 | 4,000 | 3,940 | |
| Operating Profit | 287 | 355 | 463 | 500 | 457 | 455 | 417 | 515 | 612 | 593 | 706 | 636 | 739 |
| OPM % | 16% | 16% | 19% | 20% | 17% | 15% | 15% | 19% | 17% | 14% | 16% | 14% | 16% |
| 1 | 0 | 5 | 11 | 11 | 8 | 23 | 15 | 26 | 25 | 35 | -14 | -12 | |
| Interest | 41 | 29 | 34 | 34 | 24 | 16 | 20 | 11 | 13 | 22 | 17 | 20 | 23 |
| Depreciation | 47 | 56 | 73 | 81 | 89 | 89 | 108 | 107 | 115 | 133 | 148 | 165 | 170 |
| Profit before tax | 199 | 270 | 361 | 396 | 355 | 358 | 312 | 413 | 510 | 462 | 576 | 436 | 533 |
| 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 | 374 | |
| 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 | 23.37 |
| 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: | 17% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 8% |
| 5 Years: | 1% |
| 3 Years: | -5% |
| 1 Year: | -3% |
| 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 - Outcome
2 Feb - Kajaria uploaded Jan 30, 2026 Q3 FY26 earnings call transcript; Q3 revenue INR1,168 crore, PAT INR88 crore.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
30 Jan - Audio recording of Jan 30, 2026 conference call on Q3/9M Dec 31, 2025 results uploaded.
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Opening Of Trading Window
30 Jan - Trading window opens 48 hours after Board's Jan 30, 2026 unaudited Q3/9M results announcement.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
30 Jan - Q3 FY26 consolidated revenue ₹1,168.26cr; EBITDA ₹200.90cr; PAT ₹87.72cr; acquires remaining subsidiaries.
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Announcement under Regulation 30 (LODR)-Retirement
30 Jan - Unaudited Q3/9M results; exceptional items Rs18.22/39.64cr; two subsidiaries to be fully-acquired; KMP change effective Apr 1, 2026.
Annual reports
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Financial Year 2025
from bse
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Financial Year 2024
from bse
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Financial Year 2023
from bse
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Financial Year 2022
from bse
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Financial Year 2021
from bse
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Financial Year 2020
from bse
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Financial Year 2019
from bse
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Financial Year 2018
from bse
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Financial Year 2017
from bse
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Financial Year 2016
from bse
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Financial Year 2015
from bse
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Financial Year 2014
from bse
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Financial Year 2013
from bse
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Financial Year 2012
from bse
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Financial Year 2012
from nse
Concalls
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Feb 2026TranscriptPPTREC
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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]