Kajaria Ceramics Limited (IN:KAJARIACER)
:KAJARIACER
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Kajaria Ceramics Limited
(KAJARIACER)
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Rating:69Neutral
Price Target:
₹1,082.00
▲(10.13% Upside)
Action:N/ADate:07/08/25
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.
Positive Factors
Durable Profitability Margins
Sustained gross margins above 37% and an EBIT margin near 10% indicate durable manufacturing economics and pricing power in tiles. Strong margin structure supports reinvestment, buffers against input-cost shocks, and helps maintain profitability even if volumes moderate over months.
Negative Factors
Significant Revenue Decline
A nearly 40% reported revenue contraction signals a meaningful loss of scale or demand. Prolonged top-line weakness can erode fixed-cost absorption, reduce per-unit margins, constrain reinvestment and weaken competitive positioning unless volumes recover within the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Durable Profitability Margins
Sustained gross margins above 37% and an EBIT margin near 10% indicate durable manufacturing economics and pricing power in tiles. Strong margin structure supports reinvestment, buffers against input-cost shocks, and helps maintain profitability even if volumes moderate over months.
Read all positive factors
Kajaria Ceramics Limited (KAJARIACER) vs. iShares MSCI India ETF (INDA)
Market Cap
₹178.28B
Dividend Yield1.15%
Average Volume (3M)9.45K
Price to Earnings (P/E)44.0
Beta (1Y)0.96
Revenue Growth-0.24%
EPS Growth-4.87%
CountryIN
Employees4,484
SectorBasic Materials
Sector Strength58
IndustryConstruction
Share Statistics
EPS (TTM)8.00
Shares Outstanding159,272,300
10 Day Avg. Volume18,999
30 Day Avg. Volume9,445
Financial Highlights & Ratios
PEG Ratio-1.52
Price to Book (P/B)4.92
Price to Sales (P/S)2.92
P/FCF Ratio41.59
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
₹1,090.75Price Target Upside11.02% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering4
EPS Forecast (FY)35.38
Revenue Forecast (FY)₹51.74B
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 makes money mainly by selling tiles (ceramic and vitrified) to customers in the building and home-improvement value chain. Its core revenue stream is product sales of floor and wall tiles, which are sold through a broad distributi...
Kajaria Ceramics Limited Financial Statement Overview
Summary
Income Statement
85
Very Positive
Balance Sheet
80
Positive
Cash Flow
78
Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 46.16B | 46.28B | 44.64B | 43.72B | 36.97B | 27.77B |
| Gross Profit | 21.51B | 25.12B | 24.36B | 24.46B | 20.43B | 14.57B |
| EBITDA | 7.62B | 6.68B | 7.49B | 6.17B | 6.38B | 5.29B |
| Net Income | 3.62B | 2.94B | 4.22B | 3.44B | 3.77B | 3.08B |
Balance Sheet | ||||||
| Total Assets | 39.69B | 37.56B | 35.43B | 33.31B | 29.87B | 25.27B |
| Cash, Cash Equivalents and Short-Term Investments | 5.47B | 4.41B | 3.09B | 1.64B | 2.30B | 3.92B |
| Total Debt | 2.90B | 2.74B | 2.39B | 2.50B | 1.65B | 1.26B |
| Total Liabilities | 9.71B | 9.46B | 8.67B | 9.26B | 7.99B | 5.93B |
| Stockholders Equity | 29.30B | 27.44B | 26.17B | 23.27B | 21.22B | 18.69B |
Cash Flow | ||||||
| Free Cash Flow | 1.59B | 3.25B | 3.01B | 638.50M | 1.57B | 3.96B |
| Operating Cash Flow | 2.21B | 4.55B | 5.97B | 2.96B | 4.26B | 5.09B |
| Investing Cash Flow | -2.25B | -3.72B | -3.28B | -1.84B | -2.98B | -2.96B |
| Financing Cash Flow | -56.20M | -2.09B | -2.00B | -1.35B | -1.20B | -2.05B |
Kajaria Ceramics Limited Technical Analysis
Positive
982.50
Price Trends
950.48
Positive
993.22
Positive
1090.93
Positive
Market Momentum
32.20
Negative
70.26
Negative
93.26
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 above the 20-day moving average (MA) of 963.45, above the 50-day MA of 950.48, and below the 200-day MA of 1090.93, indicating a bullish trend. The MACD of 32.20 indicates Negative momentum. The RSI at 70.26 is Negative, neither overbought nor oversold. The STOCH value of 93.26 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 |
|---|---|---|---|---|---|---|---|
69 Neutral | ₹178.28B | 43.96 | ― | 1.15% | -0.24% | -4.87% | |
65 Neutral | ₹61.84B | 23.54 | ― | 0.47% | 5.61% | 33.63% | |
62 Neutral | ₹234.43B | 16.20 | ― | 0.19% | -2.61% | 34.66% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
61 Neutral | ₹77.69B | 42.43 | ― | 0.82% | 6.13% | 31.60% | |
53 Neutral | ₹58.24B | 139.02 | ― | ― | -13.11% | -69.18% | |
52 Neutral | ₹23.78B | -12.17 | ― | 0.33% | 3.34% | -112.79% |
* Basic Materials Sector Average
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Kajaria Ceramics Limited Corporate Events
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.