Kajaria Ceramics Limited (KAJARIACER) AI Stock Analysis

• Market Cap: ₹194.42B
• Dividend Yield: 0.99%
• Average Volume (3M): 9.45K
• Price to Earnings (P/E): 54.7
• Beta (1Y): 0.76
• Revenue Growth: -0.24%
• EPS Growth: -4.87%
• Country: IN
• Employees: 4,484
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Construction
• EPS (TTM): 8.40
• Shares Outstanding: 159,272,300
• 10 Day Avg. Volume: 18,999
• 30 Day Avg. Volume: 9,445
• PEG Ratio: -1.30
• Price to Book (P/B): 4.23
• Price to Sales (P/S): 2.51
• P/FCF Ratio: 35.75
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ₹835.00
• Price Target Upside: -31.32% Downside
• Rating Consensus: Moderate Sell
• Number of Analyst Covering: 1

• Rating: 69 Neutral
• Price Target: ₹1,277.00 ▲(5.03% Upside)

Kajaria Ceramics Limited's strong financial performance with robust profitability margins and solid cash management are the primary strengths. However, technical indicators suggest caution due to overbought conditions, and valuation points to potential overvaluation with a high P/E ratio. The overall score reflects these mixed factors, emphasizing financial health while noting technical and valuation risks.

Kajaria Ceramics Limited Business Overview & Revenue Model

Company Description

Kajaria Ceramics Limited manufactures and sells ceramic and vitrified tiles under the Kajaria, Kerovit, and Eternity brands in India. The company's products include ceramic wall and floor tiles, polished vitrified tiles, glazed vitrified tiles, sanitary ware and faucets, and plywood and laminates, as well as tile adhesives, epoxy and unsanded grout, and tiles cleaner. It also exports its products to approximately 35 countries. The company was incorporated in 1985 and is headquartered in New Delhi, India.

How the Company Makes Money

Kajaria Ceramics generates revenue primarily through the sale of its ceramic and vitrified tiles, which are distributed through a wide network of dealers and retailers across India and international markets. The company's revenue model is driven by several key streams, including direct sales from manufacturing plants, exports, and strategic partnerships with distributors. Additionally, Kajaria capitalizes on its reputation for quality and design to command premium pricing on certain product lines. The company also invests in marketing and promotional activities to enhance brand visibility, which contributes to increased sales. Key factors contributing to its earnings include a growing demand for premium tiles in the real estate sector, rising urbanization, and the expansion of housing and infrastructure projects in India.

Kajaria Ceramics Limited Financial Statement Overview

Summary

Kajaria Ceramics Limited exhibits strong financial health with robust profitability margins and a solid equity foundation. While revenue growth shows signs of slowing, the company's effective cash flow management and low leverage provide a stable financial outlook, though caution is warranted regarding potential market challenges impacting revenue.

Income Statement

Kajaria Ceramics Limited demonstrated robust profitability with a Gross Profit Margin consistently above 37% over recent years and a respectable Net Profit Margin around 6-9%. The company maintained a healthy EBIT Margin of 10% in the latest year. However, a dip in revenue growth in 2025 compared to 2024 highlights potential market challenges.

Balance Sheet

The company maintains a strong Equity Ratio consistently above 70%, indicating financial stability and low leverage with a Debt-to-Equity Ratio under 0.1. However, the Return on Equity has shown slight fluctuations, reflecting a mixed impact on profitability generation from equity investments.

Cash Flow

Kajaria Ceramics displayed solid Free Cash Flow generation, with a noticeable growth from 2024 to 2025. The Operating Cash Flow to Net Income Ratio has been strong, underscoring effective cash generation. However, fluctuations in Free Cash Flow growth indicate potential volatility in cash management.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	46.68B	46.35B	44.74B	43.82B	37.05B	27.81B
Gross Profit	17.72B	26.23B	25.37B	25.39B	21.22B	15.10B
EBITDA	5.98B	6.02B	6.90B	5.78B	5.98B	5.02B
Net Income	3.14B	2.94B	4.22B	3.44B	3.77B	3.08B
Balance Sheet
Total Assets	0.00	37.56B	35.43B	33.31B	29.87B	25.27B
Cash, Cash Equivalents and Short-Term Investments	5.83B	4.41B	3.09B	1.64B	2.30B	3.92B
Total Debt	0.00	2.74B	2.39B	2.50B	1.65B	1.26B
Total Liabilities	-28.10B	9.46B	8.67B	9.26B	7.99B	5.93B
Stockholders Equity	28.10B	27.44B	26.17B	23.27B	21.22B	18.69B
Cash Flow
Free Cash Flow	0.00	3.25B	3.01B	638.50M	1.57B	3.96B
Operating Cash Flow	0.00	4.55B	5.97B	2.96B	4.26B	5.09B
Investing Cash Flow	0.00	-3.72B	-3.28B	-1.84B	-2.98B	-2.96B
Financing Cash Flow	0.00	-2.09B	-2.00B	-1.35B	-1.20B	-2.05B

Kajaria Ceramics Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1215.85
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:KAJARIACER, the sentiment is Positive. The current price of 1215.85 is above the 20-day moving average (MA) of 1215.02, above the 50-day MA of 1215.49, and above the 200-day MA of 1043.77, indicating a bullish trend. The MACD of 2.75 indicates Positive momentum. The RSI at 51.00 is Neutral, neither overbought nor oversold. The STOCH value of 19.54 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:KAJARIACER.

Kajaria Ceramics Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
KAJARIACER	―	₹194.42B	54.67	―	0.99%	-0.24%	-4.87%
JKLAKSHMI	―	₹103.30B	25.83	―	0.75%	-3.81%	-18.23%
INDIAGLYCO	―	₹61.67B	24.91	―	0.52%	7.46%	33.78%
RAMCOCEM	―	₹242.96B	75.33	―	0.19%	-7.85%	-0.68%
Sector *	―	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
JAIBALAJI	―	₹85.55B	20.37	―	―	-9.92%	-59.22%
SAGCEM	―	₹29.76B	-17.82	―	0.31%	3.34%	-112.79%

Kajaria Ceramics Limited Corporate Events

Kajaria Ceramics Releases Financial Results Conference Call Recording

Kajaria Ceramics Limited has released an audio recording of its conference call discussing the unaudited financial results for the quarter and half-year ending September 30, 2025. This release, in compliance with SEBI regulations, provides stakeholders with insights into the company’s financial performance and strategic direction.

Kajaria Ceramics Confirms Compliance with SEBI Regulations for Q3 2025

Kajaria Ceramics Limited has released a certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018, for the quarter ending September 30, 2025. This certificate confirms that the securities received for dematerialization have been listed on the stock exchanges and that the necessary records have been updated, ensuring compliance with regulatory requirements.

Kajaria Ceramics Limited Concludes Successful 39th AGM

Kajaria Ceramics Limited held its 39th Annual General Meeting (AGM) on September 29, 2025, via video conferencing, where key resolutions were passed. The AGM approved the appointment of M/s Chandrasekaran Associates as the Secretarial Auditors for five years, and various resolutions, including the adoption of audited financial statements and the declaration of a final dividend, were passed with significant majorities.

Kajaria Ceramics to Hold 39th AGM via Video Conferencing

Kajaria Ceramics Limited announced that its 39th Annual General Meeting (AGM) will be conducted through video conferencing on September 29, 2025. The meeting will address several key business matters, including the adoption of financial statements, declaration of a final dividend, re-appointment of a director, and appointment of secretarial auditors. These decisions are significant for the company’s stakeholders as they reflect the company’s ongoing governance practices and financial health.

Kajaria Ceramics to Attend Home Improvement Conference in Mumbai

Kajaria Ceramics Limited has announced its participation in the Home Improvement Conference organized by Nuvama Institutional Equities, scheduled for August 25, 2025, at the Grand Hyatt in Mumbai. This participation underscores the company’s active engagement in industry events, potentially enhancing its visibility and networking opportunities within the home improvement sector. The company has assured that no unpublished price-sensitive information will be disclosed during the conference.