Kajaria Ceramics Limited Share Price & Analysis
Price Chart
Fundamentals
Strengths
- ✓Strong return on equity (ROE 17.9%)
- ✓Efficient capital deployment (ROCE 23.3%)
- ✓Attractively valued vs sector (P/E 34.2x vs industry 44x)
- ✓Virtually debt-free
Peer Comparison
| Company | CMP | Mkt Cap | P/E | P/B | ROE % | ROCE % | D/E |
|---|---|---|---|---|---|---|---|
| TITAN Titan Company Limited | ₹4,268 | ₹3.6L Cr | 70.3 | 24.11 | 37.7 | 25.8 | 0.97 |
| ASIANPAINT Asian Paints Limited | ₹2,677 | ₹2.6L Cr | 57.5 | 12 | 21.8 | 26.3 | 0.18 |
| LGEINDIA LG Electronics India Limited | ₹1,500 -0.69% | ₹1.0L Cr | 62.26 | 15.23 | 24.72 | — | 0.06 |
| HAVELLS Havells India Limited | ₹1,152 | ₹74K Cr | 43.6 | 7.63 | 19 | 24.9 | 0.03 |
| DIXON Dixon Technologies (India) Limited | ₹11,450 | ₹71K Cr | 49.3 | 14.89 | 37.4 | 42 | 0.34 |
| BERGEPAINT Berger Paints (I) Limited | ₹490 -0.81% | ₹59K Cr | 50.8 | 8.27 | 17.8 | 22.2 | 0.11 |
| VOLTAS Voltas Limited | ₹1,301 | ₹41K Cr | 104 | 6.74 | 6.1 | 9.04 | 0.28 |
Showing 7 peers in the same sector · Sorted by market cap
Shareholding Pattern
KAJARIACER · as of Mar 2026
| Category | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Promoters | 47.49% | 47.49% | 47.49% | 47.49% | 47.49% | 47.49% |
| FII | 18.33% | 19.18% | 16.21% | 16.07% | 16.04% | 15.79% |
| DII | 25.53% | 24.91% | 27.83% | 28.39% | 27.91% | 27.68% |
| Public | 8.66% | 8.43% | 8.46% | 8.05% | 8.57% | 9.06% |
Corporate Events
In terms of Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that a meeting of the Board of Directors of the Company is scheduled to be held on Thursday, April 30, 2026, inter-alia, to:a.
Interim Dividend - Rs 8 Per Share
Dividend - Rs 4 Per Share
Interim Dividend - Rs 5 Per Share
Annual General Meeting/Dividend - Rs 6 Per Share
Interim Dividend - Rs 6 Per Share
Annual General Meeting/Dividend - Rs 3 Per Share
Financials
Quarterly Results
| Metric | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹1.2K Cr ▼1.5% | ₹1.2K Cr ▲7.5% | ₹1.1K Cr ▼9.7% | ₹1.2K Cr ▲5.7% | ₹1.2K Cr ▼2.0% | ₹1.2K Cr ▲7.6% | ₹1.1K Cr ▼9.3% | ₹1.2K Cr |
| Op. Profit | ₹200 Cr ▼6.1% | ₹213 Cr ▲13.9% | ₹187 Cr ▲35.5% | ₹138 Cr ▼9.2% | ₹152 Cr ▼2.6% | ₹156 Cr ▼7.7% | ₹169 Cr ▼1.7% | ₹172 Cr |
| OPM | 17.0% ▼5.6% | 18.0% ▲5.9% | 17.0% ▲54.5% | 11.0% ▼15.4% | 13.0% ▲0.0% | 13.0% ▼13.3% | 15.0% ▲7.1% | 14.0% |
| Net Profit | ₹86 Cr ▼35.8% | ₹134 Cr ▲21.8% | ₹110 Cr ▲155.8% | ₹43 Cr ▼45.6% | ₹79 Cr ▼8.1% | ₹86 Cr ▼6.5% | ₹92 Cr ▼11.5% | ₹104 Cr |
| EPS (₹) | 5.51 ▼34.0% | 8.35 ▲22.1% | 6.84 ▲156.2% | 2.67 ▼45.3% | 4.88 ▼7.8% | 5.29 ▼6.2% | 5.64 ▼12.3% | 6.43 |
Values in ₹ Cr · Source: Screener.in
Annual Profit & Loss
| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ₹4.8K Cr ▲4.2% | ₹4.6K Cr ▲3.6% | ₹4.5K Cr ▲2.1% | ₹4.4K Cr ▲18.3% | ₹3.7K Cr ▲33.2% | ₹2.8K Cr ▼1.0% | ₹2.8K Cr ▼5.0% | ₹3.0K Cr ▲9.0% | ₹2.7K Cr ▲6.3% | ₹2.5K Cr |
| Expenses | ₹4.0K Cr ▼0.9% | ₹4.0K Cr ▲6.2% | ₹3.8K Cr ▼0.6% | ₹3.8K Cr ▲22.5% | ₹3.1K Cr ▲36.5% | ₹2.3K Cr ▼5.2% | ₹2.4K Cr ▼4.4% | ₹2.5K Cr ▲11.0% | ₹2.3K Cr ▲10.0% | ₹2.0K Cr |
| Op. Profit | ₹865 Cr ▲36.0% | ₹636 Cr ▼9.9% | ₹706 Cr ▲19.1% | ₹593 Cr ▼3.1% | ₹612 Cr ▲18.8% | ₹515 Cr ▲23.5% | ₹417 Cr ▼8.4% | ₹455 Cr ▼0.4% | ₹457 Cr ▼8.6% | ₹500 Cr |
| OPM | 18.0% ▲28.6% | 14.0% ▼12.5% | 16.0% ▲14.3% | 14.0% ▼17.6% | 17.0% ▼10.5% | 19.0% ▲26.7% | 15.0% ▲0.0% | 15.0% ▼11.8% | 17.0% ▼15.0% | 20.0% |
| Other Income | ₹7 Cr ▲150.0% | ₹-14 Cr ▼140.0% | ₹35 Cr ▲40.0% | ₹25 Cr ▼3.8% | ₹26 Cr ▲73.3% | ₹15 Cr ▼34.8% | ₹23 Cr ▲187.5% | ₹8 Cr ▼27.3% | ₹11 Cr ▲0.0% | ₹11 Cr |
| Interest | ₹23 Cr ▲15.0% | ₹20 Cr ▲17.6% | ₹17 Cr ▼22.7% | ₹22 Cr ▲69.2% | ₹13 Cr ▲18.2% | ₹11 Cr ▼45.0% | ₹20 Cr ▲25.0% | ₹16 Cr ▼33.3% | ₹24 Cr ▼29.4% | ₹34 Cr |
| Depreciation | ₹169 Cr ▲2.4% | ₹165 Cr ▲11.5% | ₹148 Cr ▲11.3% | ₹133 Cr ▲15.7% | ₹115 Cr ▲7.5% | ₹107 Cr ▼0.9% | ₹108 Cr ▲21.3% | ₹89 Cr ▲0.0% | ₹89 Cr ▲9.9% | ₹81 Cr |
| PBT | ₹680 Cr ▲56.0% | ₹436 Cr ▼24.3% | ₹576 Cr ▲24.7% | ₹462 Cr ▼9.4% | ₹510 Cr ▲23.5% | ₹413 Cr ▲32.4% | ₹312 Cr ▼12.8% | ₹358 Cr ▲0.8% | ₹355 Cr ▼10.4% | ₹396 Cr |
| Tax % | 28.0% ▼9.7% | 31.0% ▲24.0% | 25.0% ▲0.0% | 25.0% ▲0.0% | 25.0% ▲0.0% | 25.0% ▲31.6% | 19.0% ▼47.2% | 36.0% ▲0.0% | 36.0% ▲0.0% | 36.0% |
| Net Profit | ₹487 Cr ▲62.3% | ₹300 Cr ▼30.6% | ₹432 Cr ▲24.9% | ₹346 Cr ▼9.7% | ₹383 Cr ▲23.9% | ₹309 Cr ▲21.7% | ₹254 Cr ▲10.9% | ₹229 Cr ▲0.0% | ₹229 Cr ▼9.8% | ₹254 Cr |
| EPS (₹) | 30.48 ▲64.9% | 18.48 ▼30.3% | 26.5 ▲22.5% | 21.64 ▼8.6% | 23.68 ▲22.3% | 19.36 ▲20.5% | 16.06 ▲12.7% | 14.25 ▼3.6% | 14.78 ▼7.1% | 15.91 |
| Div Payout | 46.0% ▼6.1% | 49.0% ▲8.9% | 45.0% ▲7.1% | 42.0% ▼8.7% | 46.0% ▼11.5% | 52.0% ▲173.7% | 19.0% ▼9.5% | 21.0% ▲5.0% | 20.0% ▲5.3% | 19.0% |
Values in ₹ Cr · Source: Screener.in
Balance Sheet
| Item | Sep 2025 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Liabilities | ||||||||||
| Equity Capital | ₹16 Cr ▲0.0% | ₹16 Cr ▲0.0% | ₹16 Cr ▲0.0% | ₹16 Cr ▲0.0% | ₹16 Cr ▲0.0% | ₹16 Cr ▲0.0% | ₹16 Cr ▲0.0% | ₹16 Cr ▲0.0% | ₹16 Cr ▲0.0% | ₹16 Cr |
| Reserves | ₹2.9K Cr ▲6.8% | ₹2.7K Cr ▲4.9% | ₹2.6K Cr ▲12.5% | ₹2.3K Cr ▲9.7% | ₹2.1K Cr ▲13.7% | ₹1.9K Cr ▲9.1% | ₹1.7K Cr ▲8.9% | ₹1.6K Cr ▲16.8% | ₹1.3K Cr ▲15.2% | ₹1.2K Cr |
| Borrowings | ₹290 Cr ▲5.8% | ₹274 Cr ▲14.6% | ₹239 Cr ▼4.4% | ₹250 Cr ▲51.5% | ₹165 Cr ▲31.0% | ₹126 Cr ▼24.1% | ₹166 Cr ▲38.3% | ₹120 Cr ▼29.4% | ₹170 Cr ▼20.2% | ₹213 Cr |
| Other Liabilities | ₹749 Cr ▲1.6% | ₹737 Cr ▲7.7% | ₹684 Cr ▼8.9% | ₹751 Cr ▲7.4% | ₹699 Cr ▲31.9% | ₹530 Cr ▼4.8% | ₹557 Cr ▼17.7% | ₹677 Cr ▲9.4% | ₹619 Cr ▼5.1% | ₹652 Cr |
| Total Liabilities | ₹4.0K Cr ▲5.7% | ₹3.8K Cr ▲6.1% | ₹3.5K Cr ▲6.3% | ₹3.3K Cr ▲11.5% | ₹3.0K Cr ▲18.3% | ₹2.5K Cr ▲3.6% | ₹2.4K Cr ▲2.7% | ₹2.4K Cr ▲10.8% | ₹2.1K Cr ▲4.9% | ₹2.0K Cr |
| Assets | ||||||||||
| Fixed Assets | ₹1.7K Cr ▼2.9% | ₹1.7K Cr ▲4.8% | ₹1.6K Cr ▲13.2% | ₹1.4K Cr ▲25.8% | ₹1.1K Cr ▼3.5% | ₹1.2K Cr ▼0.3% | ₹1.2K Cr ▲10.9% | ₹1.1K Cr ▼5.9% | ₹1.1K Cr ▼2.7% | ₹1.2K Cr |
| CWIP | ₹136 Cr ▲24.8% | ₹109 Cr ▲60.3% | ₹68 Cr ▼17.1% | ₹82 Cr ▼68.8% | ₹263 Cr ▲1653.3% | ₹15 Cr ▼44.4% | ₹27 Cr ▼71.0% | ₹93 Cr ▲416.7% | ₹18 Cr ▲125.0% | ₹8 Cr |
| Investments | ₹40 Cr ▲17.6% | ₹34 Cr ▲88.9% | ₹18 Cr ▲800.0% | ₹2 Cr | ₹0 Cr ▼100.0% | ₹5 Cr ▼50.0% | ₹10 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Other Assets | ₹2.1K Cr ▲12.2% | ₹1.9K Cr ▲4.4% | ₹1.8K Cr ▲0.9% | ₹1.8K Cr ▲14.3% | ₹1.6K Cr ▲19.8% | ₹1.3K Cr ▲8.9% | ₹1.2K Cr ▲0.5% | ₹1.2K Cr ▲22.8% | ₹977 Cr ▲14.4% | ₹854 Cr |
| Total Assets | ₹4.0K Cr ▲5.7% | ₹3.8K Cr ▲6.1% | ₹3.5K Cr ▲6.3% | ₹3.3K Cr ▲11.5% | ₹3.0K Cr ▲18.3% | ₹2.5K Cr ▲3.6% | ₹2.4K Cr ▲2.7% | ₹2.4K Cr ▲10.8% | ₹2.1K Cr ▲4.9% | ₹2.0K Cr |
Values in ₹ Cr · Source: Screener.in
Cash Flow Statement
| Item | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating CF | ₹501 Cr ▼16.8% | ₹602 Cr ▲103.4% | ₹296 Cr ▼30.5% | ₹426 Cr ▼16.3% | ₹509 Cr ▲127.2% | ₹224 Cr ▼29.3% | ₹317 Cr ▲33.2% | ₹238 Cr ▼29.6% | ₹338 Cr ▲7.0% | ₹316 Cr |
| Investing CF | ₹-372 Cr ▼24.8% | ₹-298 Cr ▼63.7% | ₹-182 Cr ▲38.9% | ₹-298 Cr ▼0.7% | ₹-296 Cr ▼228.9% | ₹-90 Cr ▲65.5% | ₹-261 Cr ▼91.9% | ₹-136 Cr ▲2.9% | ₹-140 Cr ▲47.6% | ₹-267 Cr |
| Financing CF | ₹-209 Cr ▲3.2% | ₹-216 Cr ▼60.0% | ₹-135 Cr ▼12.5% | ₹-120 Cr ▲41.5% | ₹-205 Cr ▼46.4% | ₹-140 Cr ▼22.8% | ₹-114 Cr ▼58.3% | ₹-72 Cr ▲57.1% | ₹-168 Cr ▼330.8% | ₹-39 Cr |
| Net Cash Flow | ₹-80 Cr ▼190.9% | ₹88 Cr ▲500.0% | ₹-22 Cr ▼414.3% | ₹7 Cr ▼22.2% | ₹9 Cr ▲250.0% | ₹-6 Cr ▲89.7% | ₹-58 Cr ▼293.3% | ₹30 Cr ▲0.0% | ₹30 Cr ▲200.0% | ₹10 Cr |
| Free Cash Flow | ₹305 Cr ▼5.6% | ₹323 Cr ▲271.3% | ₹87 Cr ▼46.3% | ₹162 Cr ▼60.3% | ₹408 Cr ▲296.1% | ₹103 Cr ▼49.3% | ₹203 Cr ▲103.0% | ₹100 Cr ▼48.7% | ₹195 Cr ▲314.9% | ₹47 Cr |
Values in ₹ Cr · Source: Screener.in
Key Ratios History
| Metric | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 45d ▼11.8% | 51d ▲2.0% | 50d ▼2.0% | 51d ▼10.5% | 57d ▲9.6% | 52d ▼11.9% | 59d ▼3.3% | 61d ▲24.5% | 49d ▲19.5% | 41d |
| Inventory Days | 126d ▲13.5% | 111d ▼12.6% | 127d ▲4.1% | 122d ▲2.5% | 119d ▼37.0% | 189d ▲28.6% | 147d ▼2.0% | 150d ▼10.7% | 168d ▼11.1% | 189d |
| Days Payable | 69d ▲13.1% | 61d ▼12.9% | 70d ▼10.3% | 78d ▲18.2% | 66d ▼25.0% | 88d ▼21.4% | 112d ▲9.8% | 102d ▼15.7% | 121d ▼16.0% | 144d |
| Cash Conv. Cycle | 102d ▲1.0% | 101d ▼5.6% | 107d ▲13.8% | 94d ▼14.5% | 110d ▼27.6% | 152d ▲61.7% | 94d ▼13.0% | 108d ▲12.5% | 96d ▲10.3% | 87d |
| Working Capital Days | 42d ▼10.6% | 47d ▲4.4% | 45d ▲25.0% | 36d ▼29.4% | 51d ▼10.5% | 57d ▲39.0% | 41d ▼4.7% | 43d ▲38.7% | 31d ▲82.4% | 17d |
| ROCE | 17.0% ▼19.0% | 21.0% ▲5.0% | 20.0% ▼16.7% | 24.0% ▲14.3% | 21.0% ▲16.7% | 18.0% ▼21.7% | 23.0% ▼8.0% | 25.0% ▼19.4% | 31.0% ▼8.8% | 34.0% |
Source: Screener.in · Lower days = better efficiency
About Kajaria Ceramics Limited
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]
Consumer Durables · Consumer Durables