Kajaria Ceramics Ltd

500233

Summary

Fair Value Assessment
Undervalued (13% Discount)
Fair ValueQ1,007.93UncertaintyHigh
Close Price874.00Feb 27, 2025
849.05
Price Down by 24.95 | 2.85 %
Previous Close
874.00
Day Range
846.85 – 864.55
Year Range
847.65 – 1,578.25
Bid / Ask
850.45 × 852.05
Market Cap
135.1 Bil
Volume / Average
2.8 k / 8.2 k
Beta (5-Year)
1.08
Shares Outstanding
159.27 Mil
Primary Exchange
Bombay Stock Exchange

Business Description
Kajaria Ceramics Ltd is a manufacturer of indoor floor and wand tiles. The product range includes ceramic wall and floor tiles, polished vitrified tiles, glazed vitrified tiles, sanitary ware and faucets, and tile adhesives and grout. Kajaria Ceramics' tiles and tile-related products are marketed through a distribution network of dealers and sub-dealers. The company has two operating segments: Tiles and other products including bathware, sanitaryware, and plywood. The company operates mainly in India, with production and the majority of sales focused there.
Contact
Mathura Road J-1/B-1 (Extn), Mohan Co-operative Industrial Estate, New Delhi 110044
T +91 1126946409
www.kajariaceramics.com opens in a new tab
Sector
Industrials
Industry
Building Products & Equipment
Most Recent Earnings
Dec 31, 2024
Fiscal Year End
Mar 31, 2025
Employees
7,394

Key Metrics

Income Statement (in Bil, except ratios)
12/31/2024
03/2024
03/2023
03/2022
03/2021
03/2020
Revenue
46.88 45.69 43.72 36.97 27.77 28.00
Revenue Growth %
3.44% 4.51% 18.26% 33.11% -0.83% -5.10%
Gross Profit
25.14 24.58 24.46 20.43 14.57 16.11
Gross Profit Margin %
53.62% 53.81% 55.95% 55.28% 52.45% 57.53%
Operating Income
4.84 5.54 4.61 4.97 4.09 3.09
Operating Margin %
10.32% 12.12% 10.53% 13.43% 14.73% 11.04%
EBIT
4.89 5.63 4.59 4.99 4.05 3.11
EBIT Margin %
10.43% 12.32% 10.51% 13.50% 14.60% 11.11%
EBITDA
6.54 7.11 5.92 6.14 5.12 4.19
EBITDA Margin %
13.95% 15.56% 13.55% 16.62% 18.44% 14.97%
Net Income
3.54 4.22 3.45 3.77 3.08 2.55
Net Profit Margin %
7.70% 9.46% 7.92% 10.35% 11.12% 9.05%
Basic EPS
22.25 26.51 21.64 23.69 19.37 16.06
Diluted EPS
22.23 26.48 21.62 23.68 19.37 16.06
Normalized EPS
22.33 26.48 22.29 23.75 19.68 16.07
Total Dividends per Share
11.00 9.00 9.00 8.00 10.00 6.00
Balance Sheet (in Bil, except ratios)
09/30/2024
03/2024
03/2023
03/2022
03/2021
03/2020
Total Assets
37.11 35.43 33.31 29.87 25.27 24.39
Total Liabilities
9.49 8.67 9.26 7.99 5.93 6.61
Total Debt
2.61 2.39 2.50 1.65 1.26 1.66
Total Equity
27.62 26.76 24.04 21.87 19.33 17.78
Cash And Cash Equivalents
0.16 0.98 0.11 0.32 0.25 0.16
Working Capital
10.38 10.96 9.38 7.92 8.33 6.71
Shares Outstanding (Bil)
0.16 0.16 0.16
Book Value Per Share
163.32 145.57 133.19 117.25 107.49
Total Debt To Equity
0.09 0.09 0.10 0.08 0.07 0.09
Cash Flow Statement (in Bil, except ratios)
09/30/2024
03/2024
03/2023
03/2022
03/2021
03/2020
Cash From Operating Activities
4.56 6.02 2.96 4.26 5.09 2.24
Cash From Investing Activities
-3.29 -2.98 -1.84 -2.98 -2.96 -0.90
Cash From Financing Activities
-1.87 -2.16 -1.35 -1.20 -2.05 -1.40
Capital Expenditures
3.00 2.32 2.69 1.13 1.24
Free Cash Flow
2.55 2.32 2.10 3.02 1.84
Change in Cash
-0.60 0.88 -0.22 0.07 0.09 -0.06

Profile

Name (Age)
5-Year Trend
2021
2022
2023
2024
2025
Ashok Kajaria (77) Chairman of the Board and Managing Director
Chetan Kajaria (50) Director and Joint Managing Director
Rishi Kajaria (46) Director and Joint Managing Director
Total Compensation for all Key Executives
Transaction History

Shares in Thousands
0 5 10 15 20 25 30 35 40
>
No Data Available
There is no available information for this investment.
Sep
2023
    • Buy
    • Acquisition
    • Option Exercise
    • Disposition
    • Sell
Transaction Detail
No Data Available
There is no available information for this investment.

Ownership

Name
% Total
Shares Held
% Total
Assets
Trend
Prev. 8 Qtrs
Change Amount
Change %
Date
Kotak Emerging Equity Reg Gr 4.05 1.30 6,453,155
Jan 31, 2025
Kotak India Midcap Diversified Fund Not Rated 1.81 0.96 2,876,612
Dec 31, 2024
SBI Large & Midcap Reg IDCW-P 1.68 0.93 2,680,947
Jan 31, 2025
Mirae Asset Large Cap Reg Gr 1.66 0.69 2,651,611
Jan 31, 2025
Franklin India Equity Not Rated 1.41 0.96 2,252,303
349,432
18.36%
Dec 31, 2024
Total (for Top 5) 10.62 16,914,628
349,432

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