Kajaria Ceramics Limited (IN:KAJARIACER)
:KAJARIACER
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Kajaria Ceramics Limited
(KAJARIACER)
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Rating:79Outperform
Price Target:
₹1,364.00
▲(38.83% Upside)
Action:UpgradedDate:05/02/26
The score is driven primarily by strong financial quality (low leverage and improved cash flow) and supportive technical momentum (price above key moving averages with positive MACD). Offsetting these strengths, valuation appears relatively expensive (P/E ~30) with a modest dividend yield.
Positive Factors
Conservative balance sheet
Very low debt-to-equity (~0.07–0.11) reduces refinancing and interest-rate risk, preserving financial flexibility. That conservative capital structure supports durable capital allocation—capex, dividends, or opportunistic M&A—and improves resilience through construction cycles.
Negative Factors
Margin volatility
Material year-to-year swings in gross and operating margins indicate sensitivity to input costs, pricing and mix. That volatility undermines predictability of profits and free cash flow, complicates planning and can erode returns during raw-material inflation or price-competitive periods.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
Very low debt-to-equity (~0.07–0.11) reduces refinancing and interest-rate risk, preserving financial flexibility. That conservative capital structure supports durable capital allocation—capex, dividends, or opportunistic M&A—and improves resilience through construction cycles.
Read all positive factors
Kajaria Ceramics Limited (KAJARIACER) vs. iShares MSCI India ETF (INDA)
Market Cap
₹175.80B
Dividend Yield1.15%
Average Volume (3M)9.45K
Price to Earnings (P/E)23.5
Beta (1Y)0.93
Revenue Growth3.25%
EPS Growth64.91%
CountryIN
Employees4,484
SectorBasic Materials
Sector Strength58
IndustryConstruction
Share Statistics
EPS (TTM)N/A
Shares Outstanding159,272,300
10 Day Avg. Volume18,999
30 Day Avg. Volume9,445
Financial Highlights & Ratios
PEG Ratio0.46
Price to Book (P/B)4.81
Price to Sales (P/S)3.05
P/FCF Ratio26.05
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
₹1,038.00Price Target Upside5.65% Upside
Rating ConsensusHold
Number of Analyst Covering1
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
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, sa...
How the Company Makes Money
Kajaria Ceramics primarily makes money by manufacturing and selling tiles, with revenue driven by (1) domestic sales of ceramic and vitrified tiles across multiple price points and design formats, sold through a wide dealer/distributor network and...
Kajaria Ceramics Limited Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
88
Very Positive
Cash Flow
83
Very Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 46.16B | 48.30B | 46.28B | 44.64B | 43.72B | 36.97B |
| Gross Profit | 21.51B | 11.75B | 25.12B | 24.36B | 24.46B | 20.43B |
| EBITDA | 7.62B | 8.65B | 6.68B | 7.49B | 6.17B | 6.38B |
| Net Income | 3.62B | 4.88B | 2.94B | 4.22B | 3.44B | 3.77B |
Balance Sheet | ||||||
| Total Assets | 39.69B | 40.29B | 37.56B | 35.43B | 33.31B | 29.87B |
| Cash, Cash Equivalents and Short-Term Investments | 5.47B | 7.55B | 4.41B | 3.09B | 1.64B | 2.30B |
| Total Debt | 2.90B | 2.29B | 2.74B | 2.39B | 2.50B | 1.65B |
| Total Liabilities | 9.71B | 8.99B | 9.46B | 8.67B | 9.26B | 7.99B |
| Stockholders Equity | 29.30B | 30.66B | 27.44B | 26.17B | 23.27B | 21.22B |
Cash Flow | ||||||
| Free Cash Flow | 1.59B | 5.66B | 3.25B | 3.01B | 638.50M | 1.57B |
| Operating Cash Flow | 2.21B | 6.93B | 4.55B | 5.97B | 2.96B | 4.26B |
| Investing Cash Flow | -2.25B | -3.82B | -3.72B | -3.28B | -1.84B | -2.98B |
| Financing Cash Flow | -56.20M | -2.74B | -2.09B | -2.00B | -1.35B | -1.20B |
Kajaria Ceramics Limited Technical Analysis
Positive
982.50
Price Trends
971.55
Positive
994.78
Positive
1093.24
Positive
Market Momentum
57.38
Negative
74.98
Negative
92.50
Negative
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 982.5 is below the 20-day moving average (MA) of 1009.95, above the 50-day MA of 971.55, and below the 200-day MA of 1093.24, indicating a bullish trend. The MACD of 57.38 indicates Negative momentum. The RSI at 74.98 is Negative, neither overbought nor oversold. The STOCH value of 92.50 is Negative, 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
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | ₹175.80B | 23.52 | ― | 1.15% | 3.25% | 64.91% | |
78 Outperform | ₹26.76B | 31.58 | ― | 0.07% | -17.13% | -20.99% | |
62 Neutral | ₹19.00B | 21.78 | ― | ― | 11.93% | 583.30% | |
62 Neutral | ₹19.38B | 22.77 | ― | 0.71% | 4.32% | -6.61% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
55 Neutral | ₹4.99B | 34.39 | ― | 0.19% | -0.70% | 77.34% | |
37 Underperform | ₹20.93B | -47.89 | ― | ― | 65.12% | ― |
* Basic Materials Sector Average
IN:KAJARIACER
Kajaria Ceramics Limited
1,061.35
271.43
34.36%
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13.05%
Kajaria Ceramics Limited Corporate Events
Kajaria Ceramics Says It Does Not Qualify as ‘Large Corporate’ Under SEBI Norms
Apr 30, 2026
Kajaria Ceramics Limited has notified stock exchanges that it has no outstanding long‑term borrowings on a standalone basis as of March 31, 2026, and holds strong ICRA credit ratings of A1+ for short‑term and AA(Stable) for long‑...
Kajaria Ceramics Sets April 30 Investor Call on FY26 Audited Results
Apr 25, 2026
Kajaria Ceramics Limited has scheduled a conference call on April 30, 2026, at 5:00 p.m. IST, to discuss its audited financial results for the quarter and full year ended March 31, 2026, following the conclusion of its board meeting the same day. ...
Kajaria Ceramics Files SEBI Regulation 74(5) Compliance Certificate
Apr 2, 2026
Kajaria Ceramics Limited has submitted a compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended March 31, 2026, confirming that its registrar has handled securities demater...
Kajaria Ceramics to Shut Trading Window Ahead of FY26 Results
Mar 25, 2026
Kajaria Ceramics Limited has announced that its trading window for dealing in the company’s securities will be closed from April 1, 2026, in line with its Code of Conduct and the SEBI (Prohibition of Insider Trading) Regulations, 2015. The w...
Kajaria Ceramics Makes Kajaria Surfaces a Wholly Owned Subsidiary
Mar 24, 2026
Kajaria Ceramics Limited has acquired an additional 9,50,000 equity shares, representing 10% of Kajaria Surfaces Private Limited, thereby converting it into a wholly owned subsidiary. Kajaria Surfaces, which manufactures tiles and reported a turno...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.