Kajaria Ceramics Ltd

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

Kajaria Ceramics Ltd

₹ 990 2.40%
21 May 2:04 p.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 ₹ 15,774 Cr.
  • Current Price ₹ 990
  • High / Low ₹ 1,579 / 745
  • Stock P/E 46.1
  • Book Value ₹ 172
  • Dividend Yield 1.20 %
  • ROCE 16.8 %
  • ROE 12.8 %
  • Face Value ₹ 1.00
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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

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

Consolidated Figures in Rs. Crores / View Standalone

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
1,102 1,008 1,078 1,091 1,205 1,064 1,122 1,152 1,208 1,114 1,179 1,156 1,222
936 855 948 958 1,029 895 942 973 1,036 949 1,023 1,003 1,083
Operating Profit 166 154 129 133 176 169 179 178 172 165 156 152 138
OPM % 15% 15% 12% 12% 15% 16% 16% 16% 14% 15% 13% 13% 11%
7 8 4 7 6 9 8 11 15 10 10 4 -11
Interest 4 4 3 8 7 5 4 5 5 5 5 7 6
Depreciation 33 32 34 33 34 31 36 39 42 42 41 40 43
Profit before tax 136 126 97 100 140 143 147 146 140 128 121 110 78
Tax % 29% 26% 29% 26% 21% 24% 25% 26% 25% 28% 29% 28% 44%
97 93 69 74 111 109 111 108 104 92 86 79 43
EPS in Rs 6.01 5.80 4.39 4.67 6.78 6.75 6.78 6.54 6.43 5.64 5.29 4.88 2.67
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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
1,836 2,187 2,413 2,550 2,711 2,956 2,808 2,781 3,705 4,382 4,578 4,635
1,550 1,831 1,950 2,049 2,253 2,501 2,391 2,266 3,093 3,789 3,880 4,009
Operating Profit 287 355 463 500 457 455 417 515 612 593 698 626
OPM % 16% 16% 19% 20% 17% 15% 15% 19% 17% 14% 15% 14%
1 0 5 11 11 8 23 15 26 25 46 -5
Interest 41 29 34 34 24 16 20 11 13 22 21 20
Depreciation 47 56 73 81 89 89 108 107 115 133 148 165
Profit before tax 199 270 361 396 355 358 312 413 510 462 576 436
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
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
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: 7%
5 Years: 6%
3 Years: -3%
TTM: -18%
Stock Price CAGR
10 Years: 9%
5 Years: 26%
3 Years: -1%
1 Year: -25%
Return on Equity
10 Years: 17%
5 Years: 16%
3 Years: 15%
Last Year: 13%

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
Equity Capital 15 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
236 243 294 213 170 120 166 126 165 250 239 274
410 575 653 652 619 677 557 530 699 751 684 738
Total Liabilities 1,176 1,559 1,918 2,040 2,140 2,372 2,437 2,525 2,986 3,328 3,539 3,756
692 860 1,121 1,177 1,145 1,078 1,195 1,192 1,150 1,447 1,638 1,717
CWIP 41 78 8 8 18 93 27 15 263 82 68 109
Investments 0 0 0 0 0 0 10 5 0 2 18 34
443 621 790 854 977 1,200 1,206 1,313 1,573 1,798 1,815 1,896
Total Assets 1,176 1,559 1,918 2,040 2,140 2,372 2,437 2,525 2,986 3,328 3,539 3,756

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 49 45
Inventory Days 98 151 189 168 150 147 189 119 122 127 106 115
Days Payable 78 120 144 121 102 112 88 66 78 70 59 63
Cash Conversion Cycle 54 65 87 96 108 94 152 110 94 107 97 97
Working Capital Days 16 21 34 39 54 49 71 61 48 60 56 52
ROCE % 32% 33% 34% 31% 25% 23% 18% 21% 24% 20% 21% 17%

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

Announcements

Annual reports

Credit ratings

Concalls