Kajaria Ceramics Limited (KAJARIACER) AI Stock Analysis

• Market Cap: ₹197.46B
• Dividend Yield: 0.89%
• Average Volume (3M): 233.91K
• Price to Earnings (P/E): 63.0
• Beta (1Y): 0.66
• Revenue Growth: 0.86%
• EPS Growth: -22.47%
• Country: IN
• Employees: 4,484
• Sector: Basic Materials
• Sector Strength: 66
• Industry: Construction
• EPS (TTM): 6.90
• Shares Outstanding: 159,272,300
• 10 Day Avg. Volume: 6,574
• 30 Day Avg. Volume: 233,908
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• 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: ₹1,235.57
• Price Target Upside: 1.05% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 7

• Rating: 69 Neutral
• Price Target: ₹1,277.00 ▲(4.44% 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 is a leading manufacturer and distributor of ceramic and vitrified tiles in India. Established in 1988, the company operates in the building materials sector and offers a wide range of products including ceramic wall and floor tiles, vitrified tiles, and designer tiles, catering to both residential and commercial markets. Kajaria is known for its strong focus on innovation, quality, and customer service, which has helped it maintain a prominent position in the Indian tile industry.

How the Company Makes Money

Kajaria Ceramics Limited generates revenue primarily through the manufacturing and sale of ceramic and vitrified tiles. The company operates multiple manufacturing plants across India, enabling it to produce a diverse range of tile designs and types to meet varying customer demands. Sales are made through a vast distribution network that includes dealers, sub-dealers, and showrooms, which helps the company reach both domestic and international markets. In addition, Kajaria's revenue is bolstered by its strong brand reputation, strategic marketing efforts, and a focus on product innovation. The company also benefits from its partnerships with suppliers of raw materials, ensuring a steady supply chain that supports its production capacities.

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	46.79B	46.35B	45.78B	43.82B	36.97B	27.81B
Gross Profit	16.39B	17.57B	9.12B	25.75B	20.43B	14.60B
EBITDA	6.29B	6.70B	7.46B	6.18B	6.38B	5.30B
Net Income	2.94B	2.94B	4.22B	3.44B	3.77B	3.08B
Balance Sheet
Total Assets	37.56B	37.56B	35.43B	33.31B	29.87B	25.27B
Cash, Cash Equivalents and Short-Term Investments	5.83B	5.83B	3.09B	1.64B	2.30B	3.92B
Total Debt	2.74B	2.74B	2.39B	2.50B	1.65B	1.26B
Total Liabilities	9.46B	9.46B	8.67B	9.26B	7.99B	5.93B
Stockholders Equity	27.44B	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	6.02B	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: 1222.75
• 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 1222.75 is below the 20-day moving average (MA) of 1244.62, above the 50-day MA of 1185.75, and above the 200-day MA of 1042.54, indicating a neutral trend. The MACD of 21.46 indicates Positive momentum. The RSI at 48.02 is Neutral, neither overbought nor oversold. The STOCH value of 19.42 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	69 Neutral	₹197.46B	62.98		0.89%	0.86%	-22.47%
JKLAKSHMI	65 Neutral	₹108.78B	28.69		0.70%	-3.81%	-18.23%
JAIBALAJI	63 Neutral	₹92.23B	21.96		―	-9.92%	-59.22%
Sector *	61 Neutral	$10.31B	6.29	0.76%	2.95%	3.36%	-36.41%
INDIAGLYCO	56 Neutral	₹50.56B	20.74		0.49%	7.46%	33.79%
RAMCOCEM	55 Neutral	₹246.91B	77.04		0.19%	-7.85%	-0.68%
SAGCEM	52 Neutral	₹33.12B	―		0.29%	-6.25%	-475.84%

Kajaria Ceramics Limited Corporate Events

Kajaria Ceramics Ensures Compliance with SEBI Regulations for Q2 2025

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