Kajaria Ceramics Ltd

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

Kajaria Ceramics Ltd

₹ 1,141 -2.11%
21 Nov - 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 ₹ 18,172 Cr.
  • Current Price ₹ 1,141
  • High / Low ₹ 1,579 / 1,110
  • Stock P/E 47.7
  • Book Value ₹ 169
  • Dividend Yield 1.05 %
  • ROCE 21.2 %
  • ROE 16.8 %
  • Face Value ₹ 1.00
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Pros

  • Company has been maintaining a healthy dividend payout of 44.4%

Cons

* 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

Part of Nifty Smallcap 250 Nifty Consumer Durables Nifty Midcap150 Quality 50 BSE 250 SmallCap Index BSE Allcap

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
974 1,068 1,102 1,008 1,078 1,091 1,205 1,064 1,122 1,152 1,241 1,114 1,179
793 884 936 855 948 958 1,029 895 942 973 1,070 949 1,023
Operating Profit 180 184 166 154 129 133 176 169 179 178 171 165 156
OPM % 19% 17% 15% 15% 12% 12% 15% 16% 16% 16% 14% 15% 13%
7 7 7 8 4 7 6 9 8 11 17 10 10
Interest 3 3 4 4 3 8 7 5 4 5 7 5 5
Depreciation 28 28 33 32 34 33 34 31 36 39 42 42 41
Profit before tax 157 160 136 126 97 100 140 143 147 146 140 128 121
Tax % 24% 22% 29% 26% 29% 26% 21% 24% 25% 26% 25% 28% 29%
119 125 97 93 69 74 111 109 111 108 104 92 86
EPS in Rs 7.30 7.67 6.01 5.80 4.39 4.67 6.78 6.75 6.78 6.54 6.43 5.64 5.29
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
1,583 1,836 2,187 2,413 2,550 2,711 2,956 2,808 2,781 3,705 4,382 4,578 4,686
1,336 1,550 1,831 1,950 2,049 2,253 2,501 2,391 2,266 3,093 3,789 3,880 4,015
Operating Profit 247 287 355 463 500 457 455 417 515 612 593 698 670
OPM % 16% 16% 16% 19% 20% 17% 15% 15% 19% 17% 14% 15% 14%
1 1 0 5 11 11 8 23 15 26 25 46 49
Interest 46 41 29 34 34 24 16 20 11 13 22 21 21
Depreciation 45 47 56 73 81 89 89 108 107 115 133 148 164
Profit before tax 158 199 270 361 396 355 358 312 413 510 462 576 534
Tax % 32% 34% 32% 35% 36% 36% 36% 19% 25% 25% 25% 25%
108 131 185 236 254 229 229 254 309 383 346 432 390
EPS in Rs 7.11 8.22 11.05 14.56 15.91 14.78 14.25 16.06 19.36 23.68 21.64 26.50 23.90
Dividend Payout % 21% 21% 18% 17% 19% 20% 21% 19% 52% 46% 42% 45%
Compounded Sales Growth
10 Years: 10%
5 Years: 9%
3 Years: 18%
TTM: 5%
Compounded Profit Growth
10 Years: 13%
5 Years: 12%
3 Years: 10%
TTM: -5%
Stock Price CAGR
10 Years: 14%
5 Years: 17%
3 Years: 1%
1 Year: -10%
Return on Equity
10 Years: 18%
5 Years: 17%
3 Years: 17%
Last Year: 17%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 15 15 16 16 16 16 16 16 16 16 16 16 16
Reserves 346 489 725 956 1,159 1,335 1,559 1,698 1,853 2,106 2,311 2,601 2,682
320 236 243 294 213 170 120 166 126 165 250 239 261
367 435 575 653 652 619 677 557 530 699 751 684 752
Total Liabilities 1,048 1,176 1,559 1,918 2,040 2,140 2,372 2,437 2,525 2,986 3,328 3,539 3,711
620 692 860 1,121 1,177 1,145 1,078 1,195 1,192 1,150 1,447 1,638 1,704
CWIP 8 41 78 8 8 18 93 27 15 263 82 68 95
Investments 0 0 0 0 0 0 0 10 5 0 2 18 20
420 443 621 790 854 977 1,200 1,206 1,313 1,573 1,798 1,815 1,891
Total Assets 1,048 1,176 1,559 1,918 2,040 2,140 2,372 2,437 2,525 2,986 3,328 3,539 3,711

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
98 166 180 316 338 238 317 224 509 426 296 602
-150 -151 -263 -267 -140 -136 -261 -90 -296 -298 -182 -298
53 -13 87 -39 -168 -72 -114 -140 -205 -120 -135 -216
Net Cash Flow 0 2 5 10 30 30 -58 -6 9 7 -22 88

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 33 33 35 41 49 61 59 52 57 51 50 49
Inventory Days 121 98 151 189 168 150 147 189 119 122 127 106
Days Payable 91 78 120 144 121 102 112 88 66 78 70 59
Cash Conversion Cycle 63 54 65 87 96 108 94 152 110 94 107 97
Working Capital Days 17 16 21 34 39 54 49 71 61 48 60 56
ROCE % 32% 32% 34% 34% 31% 25% 23% 18% 21% 24% 20% 21%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
47.51% 47.50% 47.50% 47.49% 47.49% 47.49% 47.49% 47.49% 47.49% 47.49% 47.49% 47.49%
22.45% 21.27% 19.58% 19.44% 18.57% 16.89% 17.95% 18.48% 18.33% 19.18% 16.21% 16.07%
17.26% 20.32% 22.40% 22.82% 24.49% 26.23% 25.22% 25.43% 25.53% 24.91% 27.83% 28.39%
12.77% 10.91% 10.52% 10.25% 9.44% 9.36% 9.33% 8.59% 8.66% 8.43% 8.46% 8.05%
No. of Shareholders 78,90783,43576,33077,02670,10468,22567,85471,39674,77780,08183,28077,587

* 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

Announcements

Annual reports

Credit ratings

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