Kajaria Ceramics Ltd

Kajaria Ceramics Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Kajaria Ceramics Ltd

₹ 1,484 0.32%
03 Jul - close price
kajariaceramics.com BSE: 500233 NSE: KAJARIACER
About

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]

Key Points

Product Portfolio
The company's product portfolio mainly includes ceramic wall & floor tiles, polished & glazed vitrified tiles, bath-ware solutions, and plywood & laminates. [1] In FY23, tiles accounted for ~88% of revenues while the rest of products accounted for ~12% of revenues[2]

Website BSE NSE
  • Market Cap ₹ 23,639 Cr.
  • Current Price ₹ 1,484
  • High / Low ₹ 1,524 / 1,110
  • Stock P/E 62.0
  • Book Value ₹ 161
  • Dividend Yield 0.61 %
  • ROCE 20.4 %
  • ROE 15.6 %
  • Face Value ₹ 1.00
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Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 38.3%

Cons

  • Stock is trading at 9.20 times its book value

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Ceramic Products Industry: Ceramics - Tiles / Sanitaryware

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
859 500 862 950 987 914 980 986 1,091 964 1,010 1,024 1,104
695 430 708 791 842 777 861 870 948 828 864 881 968
Operating Profit 164 69 154 159 145 137 118 117 143 137 146 144 136
OPM % 19% 14% 18% 17% 15% 15% 12% 12% 13% 14% 14% 14% 12%
12 13 11 12 11 12 12 13 13 14 14 16 24
Interest 1 1 1 1 2 2 1 4 3 3 1 2 2
Depreciation 20 18 22 21 21 22 23 23 23 22 27 30 32
Profit before tax 154 63 143 148 133 126 107 102 130 126 131 128 127
Tax % 25% 26% 26% 24% 27% 26% 26% 26% 26% 26% 26% 26% 25%
115 47 106 113 98 93 79 76 96 94 98 95 95
EPS in Rs 7.24 2.94 6.66 7.08 6.13 5.86 4.97 4.75 6.04 5.88 6.13 5.96 5.98
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
1,590 1,882 2,233 2,443 2,528 2,581 2,726 2,572 2,523 3,299 3,971 4,103
1,367 1,644 1,946 2,055 2,085 2,152 2,321 2,194 2,089 2,767 3,455 3,541
Operating Profit 224 239 287 388 443 429 405 378 434 533 516 562
OPM % 14% 13% 13% 16% 18% 17% 15% 15% 17% 16% 13% 14%
-1 1 1 21 21 19 34 49 50 43 50 69
Interest 36 26 6 7 4 4 3 9 5 6 11 8
Depreciation 38 36 39 47 53 62 63 79 74 84 91 111
Profit before tax 148 177 243 355 407 382 373 339 406 485 463 512
Tax % 32% 34% 31% 33% 34% 34% 34% 18% 26% 25% 26% 26%
101 117 168 237 270 252 246 279 302 362 344 381
EPS in Rs 6.84 7.72 10.60 14.92 17.00 15.87 15.47 17.54 18.97 22.76 21.63 23.95
Dividend Payout % 22% 23% 19% 17% 18% 19% 19% 17% 53% 48% 42% 25%
Compounded Sales Growth
10 Years: 8%
5 Years: 9%
3 Years: 18%
TTM: 3%
Compounded Profit Growth
10 Years: 13%
5 Years: 9%
3 Years: 8%
TTM: 10%
Stock Price CAGR
10 Years: 18%
5 Years: 21%
3 Years: 15%
1 Year: 18%
Return on Equity
10 Years: 19%
5 Years: 17%
3 Years: 16%
Last Year: 16%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 15 15 16 16 16 16 16 16 16 16 16 16
Reserves 342 477 706 940 1,164 1,361 1,550 1,714 1,862 2,095 2,304 2,555
216 89 81 43 11 12 10 76 33 70 135 67
313 371 392 460 469 443 472 389 397 511 505 535
Total Liabilities 886 952 1,195 1,460 1,659 1,831 2,047 2,195 2,308 2,692 2,961 3,172
465 504 514 663 719 745 709 694 688 817 990 1,141
CWIP 7 12 4 6 5 1 0 9 9 181 78 55
Investments 37 45 79 109 109 116 117 134 129 119 144 202
377 391 598 683 827 969 1,221 1,358 1,481 1,574 1,749 1,775
Total Assets 886 952 1,195 1,460 1,659 1,831 2,047 2,195 2,308 2,692 2,961 3,172

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
87 149 9 305 262 199 291 235 452 362 218 551
-65 -88 -70 -215 -135 -114 -285 -139 -245 -239 -132 -215
-26 -60 63 -91 -84 -57 -63 -104 -202 -110 -110 -256
Net Cash Flow -3 1 2 -2 44 28 -57 -7 5 13 -24 80

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 31 31 31 38 44 58 55 49 54 49 49 46
Inventory Days 80 54 62 62 69 76 83 95 58 70 76 62
Days Payable 70 51 55 65 61 56 68 53 51 52 46 46
Cash Conversion Cycle 41 33 39 35 52 77 70 92 62 66 79 62
Working Capital Days 12 10 28 23 32 48 46 58 42 36 51 45
ROCE % 34% 35% 37% 41% 38% 30% 25% 21% 22% 24% 20%

Shareholding Pattern

Numbers in percentages

1 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
47.54% 47.51% 47.51% 47.50% 47.50% 47.49% 47.49% 47.49% 47.49% 47.49% 47.49% 47.49%
25.09% 24.89% 22.45% 21.27% 19.58% 19.44% 18.57% 16.89% 17.95% 18.48% 18.33% 19.18%
14.89% 15.24% 17.26% 20.32% 22.40% 22.82% 24.49% 26.23% 25.22% 25.43% 25.53% 24.91%
12.48% 12.36% 12.77% 10.91% 10.52% 10.25% 9.44% 9.36% 9.33% 8.59% 8.66% 8.43%
No. of Shareholders 70,67776,45778,90783,43576,33077,02670,10468,22567,85471,39674,77780,081

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Documents

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