MarketFriction

Kajaria Ceramics Ltd

NSE KAJARIACER · BSE 500233 · Ceramics
₹1,225.10 -0.81%
NSE close2026-10-01
52 week range869.60 - 1,293.80
Market cap₹18,708 Cr.
P/E32.4
Nifty 500Smallcap 250Nifty Consumer Durables Price band 20% Delivery 60.3%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales1,1221,1521,2081,0961,1791,1561,2221,1031,1861,1681,3731,328
Expenses9429731,0369271,0231,0031,0839169739681,1101,068
Operating Profit179178172169156152138187213200263260
OPM %16%16%14%15%13%13%11%17%18%17%19%20%
Other Income811155104-111215-28918
Interest455357656665
Depreciation363942424140434442424242
Profit before tax14714614012812111078150181125224231
Tax %25%26%25%28%29%28%44%26%26%31%30%26%
Net Profit1111081049286794311013486157171
EPS in Rs6.786.546.435.645.294.882.676.848.355.519.7810.64
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales2,4132,5502,7112,9562,8082,7813,7054,3824,4744,6354,8305,056
Expenses1,9502,0492,2532,5012,3912,2663,0933,7893,7684,0003,9624,118
Operating Profit463500457455417515612593706635869938
OPM %19%20%17%15%15%19%17%14%16%14%18%19%
Other Income5111182315262535-14314
Interest343424162011132217202322
Depreciation73818989108107115133148165169168
Profit before tax361396355358312413510462576436680761
Tax %35%36%36%36%19%25%25%25%25%31%28%
Net Profit236254229229254309383346432300487548
EPS in Rs14.5615.9114.7814.2516.0619.3623.6821.6426.5018.4830.4834.28
Dividend Payout %17%19%20%21%19%52%46%42%45%49%46%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth7%12%3%9%
Compounded Profit Growth8%11%14%64%
Stock Price CAGR6%0%-3%2%
Return on Equity17%16%15%18%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital161616161616161616161616
Reserves7259561,1591,3351,5591,6981,8532,1062,3112,6012,7283,050
Borrowings243294213170120166126165250239274229
Other Liabilities575653652619677557530699751684737733
Total Liabilities1,5591,9182,0402,1402,3722,4372,5252,9863,3283,5393,7554,027
Fixed Assets8601,1211,1771,1451,0781,1951,1921,1501,4471,6381,7171,675
CWIP7888189327152638268109119
Investments0000010502183439
Other Assets6217908549771,2001,2061,3131,5731,7981,8151,8952,195
Total Assets1,5591,9182,0402,1402,3722,4372,5252,9863,3283,5393,7554,027
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity180316338238317224509426296602501664
Cash from Investing Activity-263-267-140-136-261-90-296-298-182-298-372-336
Cash from Financing Activity87-39-168-72-114-140-205-120-135-216-209-290
Net Cash Flow5103030-58-697-2288-7937
Free Cash Flow-844719510020310340816287323305563
CFO/OP73%90%93%80%99%78%118%91%71%105%97%96%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days354149615952575150514547
Inventory Days151189168150147189119122127111126105
Days Payable12014412110211288667870616961
Cash Conversion Cycle658796108941521109410710110292
Working Capital Days-01731434157513645474242
ROCE %33%34%31%25%23%18%21%24%20%21%17%23%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters47.49%47.49%47.49%47.49%47.49%47.49%47.49%47.49%47.61%47.69%47.69%47.69%
FIIs18.48%18.33%19.18%16.21%16.07%16.04%15.79%12.55%11.57%11.66%10.23%11.58%
DIIs25.43%25.53%24.91%27.83%28.39%27.91%27.68%27.39%26.00%26.30%27.47%26.24%
Public8.59%8.66%8.43%8.46%8.05%8.57%9.06%12.57%14.82%14.34%14.60%14.48%
No. of Shareholders71,39674,77780,08183,28077,58782,46289,56793,31092,81491,38892,8311,25,200

Fundamentals

Market Cap₹ 18,708 Cr.
Current Price₹ 1,190
Stock P/E32.4
Book Value₹ 192
ROCE23.4 %
ROE17.9 %
Dividend Yield1.18 %
Face Value₹ 1.00
Compounded Sales Growth (TTM)9%
Compounded Profit Growth (TTM)64%
Consolidated figures.
Valuation
Market capRs 19,511 Cr
Enterprise valueRs 18,984 Cr
P/E (TTM)35.74x
Price to book6.36x
Price to sales3.86x
EV / EBITDA19.95x
EV / EBIT24.23x
EV / sales3.75x
Price to cash flow29.40x
Earnings yield2.80%
Dividend yield1.14%
P/E, 3-year average40.08x
P/B, 3-year average5.60x
P/E, 5-year average42.40x
P/B, 5-year average6.33x
Profitability
Operating margin (excl. other income)17.98%
Operating margin (incl. other income)18.05%
EBITDA margin18.82%
Pre-tax margin15.06%
Net profit margin10.80%
Net margin, latest quarter12.76%
ROE16.71%
ROCE22.25%
ROA12.47%
ROE, 3-year average14.92%
ROCE, 3-year average19.87%
ROA, 3-year average10.95%
ROE, 5-year average15.83%
ROCE, 5-year average20.79%
ROA, 5-year average11.49%
ROIC (approx.)22.11%
Tax rate28.36%
Other income / net worth0.10%
Growth
Sales growth (latest year)4.21%
Profit growth (latest year)64.91%
Sales CAGR, 3 years3.30%
Sales CAGR, 5 years11.68%
Profit CAGR, 3 years12.11%
Profit CAGR, 5 years9.52%
Sales growth QoQ-3.30%
Profit growth QoQ8.80%
Sales growth YoY (latest quarter)20.43%
Profit growth YoY (latest quarter)55.50%
Per share
EPS (TTM)Rs 34.28
EPS (latest year)Rs 30.48
EPS (latest quarter)Rs 10.64
EPS, 3-year averageRs 25.16
EPS, 5-year averageRs 24.16
Book value per shareRs 192.49
Sales per shareRs 317.45
Cash flow per shareRs 41.67
Free cash flow per shareRs 35.35
Dividend per share (latest year)Rs 14.00
Dividend per share, 3-year averageRs 11.67
Dividend per share, 5-year averageRs 11.00
Dividends
Dividend payout45.94%
Dividend payout, 3-year average46.65%
Dividend payout, 5-year average45.60%
Efficiency
Asset turnover1.20x
Fixed asset turnover2.88x
Inventory turnover5.70x
Inventory days64 days
Debtor days47 days
Debtors turnover7.69x
Creditor days61 days
Cash conversion cycle92 days
Working capital days42 days
Leverage
Total debtRs 229 Cr
Cash and bankRs 755 Cr
Net debtRs -527 Cr
Debt to equity0.07x
Net debt / EBITDA-0.55x
Interest coverage34.92x
Current ratio (filing 2026-03-31)2.97x
Quick ratio (filing 2026-03-31)2.15x
Trade payables (filing 2026-03-31)Rs 320 Cr
Owners' fund to total sources76.12%
Debt to assets5.68%
Cash flow
Cash from Operating Activity (latest year)Rs 664 Cr
Cash from Investing Activity (latest year)Rs -336 Cr
Cash from Financing Activity (latest year)Rs -290 Cr
Net Cash Flow (latest year)Rs 37 Cr
Free cash flow (latest year)Rs 563 Cr
FCFE (approx.: FCF + change in debt)Rs 518 Cr
Cash from ops / profit, 5 years1.28x
Sales to cash flow7.28x
Statement figures
Net sales (TTM)Rs 5,056 Cr
Net sales (latest year)Rs 4,830 Cr
Sales (latest quarter)Rs 1,328 Cr
Operating profit excl. other income (latest year)Rs 869 Cr
Operating profit (latest quarter)Rs 260 Cr
Other income (TTM)Rs 14 Cr
EBITDA (TTM)Rs 952 Cr
PBDT (TTM)Rs 929 Cr
Profit before tax (TTM)Rs 761 Cr
Tax (latest year)Rs 193 Cr
Net profit (TTM)Rs 546 Cr
Net profit (latest year)Rs 485 Cr
Net profit (latest quarter)Rs 169 Cr
Depreciation (TTM)Rs 168 Cr
Depreciation (latest quarter)Rs 42 Cr
Interest (TTM)Rs 22 Cr
Cost of goods sold (latest year)Rs 3,141 Cr
Total expenditure (latest year)Rs 3,962 Cr
Total income (latest year)Rs 4,834 Cr
Share capitalRs 16 Cr
ReservesRs 3,050 Cr
Shareholders' fundsRs 3,066 Cr
Total assetsRs 4,027 Cr
Net blockRs 1,675 Cr
Capital work in progressRs 119 Cr
InvestmentsRs 39 Cr
ReceivablesRs 628 Cr
InventoryRs 551 Cr
Other liabilitiesRs 733 Cr
Shares outstanding (crore)15.93
Ownership
Promoter holding47.69% (+0.20 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 35.7 is at the 18th percentile of its own 9.4-year range (median 44.5, low 24.0, high 69.2).
P/B 6.36 is at the 35th percentile (median 7.40).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodKAJARIACERNifty 50Difference
1 week+0.3%-2.8% +3.1 pts
1 month-0.3%-6.8% +6.5 pts
3 months+1.9%-7.6% +9.5 pts
6 months+33.1%+0.4% +32.7 pts
1 year+2.6%-9.9% +12.5 pts
2 years-18.9%-13.6% -5.3 pts
3 years-7.3%+14.2% -21.5 pts
5 years+2.1%+27.9% -25.7 pts
90 mutual fund schemes hold about ₹4,259 Cr. Over three months 12 bought more and 34 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
SBI Small Cap Fund2.00%852 -7%
Kotak Multi Cap Fund1.89%554 -7%
Franklin India Small Cap Fund2.37%349 -4%
HSBC Small Cap Fund1.54%294 -6%
SBI Large & Midcap Fund0.57%243 -5%
Nippon India Small Cap Fund0.29%236 -9%
SBI ELSS Tax Saver Fund0.52%166 -4%
Nippon India Multi Cap Fund0.26%147 -20%
Bajaj Finserv Flexi Cap Fund1.46%119 -6%
UTI Mid Cap Fund0.92%118 +1%
UTI Value Fund0.93%89 -16%
Abakkus Flexi Cap Fund1.30%83 -20%
Franklin India Mid Cap Fund0.58%76 -20%
Mahindra Manulife Multi Cap Fund0.95%73 -13%
UTI Small Cap Fund1.31%69 +43%
Kotak Infra & Eco Reform Fund2.70%67 +49%
Kotak Infra & Eco Reform Fund2.70%66 +49%
HSBC Flexi Cap Fund1.00%60 +33%
Mahindra Manulife Mid Cap Fund0.88%48 -22%
Kotak Balanced Advantage Fund0.26%44 -10%
HDFC Large & Mid Cap Fund0.14%41 -5%
Abakkus Small Cap Fund1.40%39 -15%
Kotak Consumption Fund2.08%36 -0%
ITI Small Cap Fund0.97%35 -4%
UTI Dividend Yield Fund0.88%33 -4%

Red flags

F-score 7 of 8
No red flags in the latest statements and filings.
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Insider trades

NSE insider and takeover-code disclosures
DateWhoRoleSideSharesValueHow
2025-12-24RISHI KAJARIAPromoter Groupbuy30,000Rs 2.94 CrMarket Purchase
2025-12-12RISHI KAJARIAPromoter Groupbuy50,000Rs 5.21 CrMarket Purchase
2025-12-09VERSHA DEVI KAJARIAPromoter Groupbuy50,000Rs 5.21 CrMarket Purchase
2025-08-08RISHI KAJARIAPromoter Groupbuy100,000Rs 12.95 CrMarket Purchase
2025-08-08CHETAN KAJARIAPromoter Groupbuy100,000Rs 12.93 CrMarket Purchase
2022-01-21Sanjeev Agarwal-other30,000Rs 1.27 CrESOP
2022-01-21Ravi Jain-other5,000Rs 0.21 CrESOP
2021-12-30RAJNI GARGImmediate relativesell500Rs 0.06 CrMarket Sale
2021-12-17RAJNI GARGImmediate relativesell500Rs 0.06 CrMarket Sale
2021-09-17VIVEK KUMAR GOYAL-sell100Rs 0.01 CrMarket Sale
2021-09-17VIVEK KUMAR GOYAL-sell100Rs 0.01 CrMarket Sale
2021-09-16Vivek Kumar Goyal-sell200Rs 0.02 CrMarket Sale
Latest disclosed trades by insiders, promoters and large holders. Grants, option exercises and pledges show as "other". A filing is a fact, not a signal on its own.

Latest quarter

Jun 2026
Sales ₹1,328 Cr +20.4% vs Jun 2025. Net profit ₹171 Cr +55.5%.

Activity

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DateClientSideQtyPrice
2026-09-29Sageone Investment Managers LlpBUY1,050,0001,190.00
2026-09-29Chetan Kajaria Family Private TrustSELL1,800,0001,190.01
Ex-dateActionFactor
2026-09-21Dividend - Rs 6 Per Share
2026-06-29Buy Back
2025-10-24Interim Dividend - Rs 8 Per Share
2025-09-12Dividend - Rs 4 Per Share
2024-11-04Interim Dividend - Rs 5 Per Share
2024-08-30Annual General Meeting/Dividend - Rs 6 Per Share
2023-11-02Interim Dividend - Rs 6 Per Share
2023-09-05Annual General Meeting/Dividend - Rs 3 Per Share
2023-02-08Interim Dividend - Rs 6 Per Share
2022-09-15Annual General Meeting/Dividend - Rs 3 Per Share
2021-11-02 Interim Dividend - Rs 8 Per Share
2021-09-20 Annual General Meeting
2021-02-02 Interim Dividend - Rs 10 Per Share
2020-09-18 Annual General Meeting
2020-02-18 Interim Dividend - Rs 3 Per Share
2019-08-16 Annual General Meeting/Dividend - Rs 3 Per Share
2018-08-16 Annual General Meeting/Dividend Rs - 3 Per Share
2017-08-03 Annual General Meeting/Dividend - Rs 3 Per Share
2016-10-04 Face Value Split From Rs 2 To Re 10.5000
2016-08-12 Annual General Meeting/ Dividend - Rs 5/- Per Share
2015-08-25 Annual General Meeting/ Dividend - Rs 4/- Per Share
2014-07-17Annual General Meeting / Dividend - Rs 3.50/- Per Share
2013-05-22Annual General Meeting / Final Dividend Rs.3/- Per Equity Share
2012-06-29Annual General Meeting/Dividend Rs 2.50 Per Share
2011-05-19Annual General Meeting And Dividend - Rs. 2 Per Share
2010-08-10Annual General Meeting And Dividend Rs.1/- Per Share
2009-08-14Agm/Div-Re.0.20 Per Share
2008-09-12Agm/Dividend - 10%
2007-09-13Agm/Dividend-10%
2006-08-11Agm/Dividend-35%
DateTypeWhat it says
2026-09-16Shareholder meetingVoting results.
2026-09-15Shareholder meetingProceedings of Annual General Meeting held on September 15, 2026
2026-09-10General UpdatesPursuant to the provisions of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we enclose herewith a cop...
2026-09-02AgreementsPursuant to the provisions of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ( Listing Regulations ) an...
2026-08-21UpdatesWe enclose a copy of the Business Responsibility & Sustainability Report which forms part of the Annual Report for the financial year 2025-26.
2026-08-21Shareholder meetingWe wish to inform you that the 40th Annual General Meeting ( AGM ) of the Company will be held through Video Conferencing ( VC )/Other Audio Visual Me...
2026-08-12UpdatesThe Board of Directors of the Company, at their meeting held on April 30, 2026, had recommended final dividend of Rs. 6/- per equity shares of face va...
2026-08-12Record DateThe Board of Directors of the Company, at their meeting held on April 30, 2026, had recommended final dividend of Rs. 6/- per equity shares of face va...
2026-08-12General UpdatesWe wish to inform you that the 40th Annual General Meeting ( AGM ) of the Company will be held through Video Conferencing ( VC ) /Other Audio Visual M...
2026-08-06General UpdatesPursuant to the provisions of the Listing Regulations and in continuation of our letter dated April 30, 2026 regarding the acquisition of 44,11,764 Co...
2026-08-05Concall / analyst meetSchedule of Investor Conference on August 11-12, 2026
2026-08-03Concall / analyst meetIn continuation of our letter dated July 31, 2026, informing about the uploading of the audio recording of the Conference Call held on July 31, 2026, ...
2026-07-31Concall / analyst meetAudio Recording of Conference Call
2026-07-31UpdatesIn continuation of our letter dated June 26, 2026, regarding Closure of Trading Window, we wish to inform you that pursuant to the Company s Code of C...
2026-07-31Press ReleasePursuant to the provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith an Investors...
2026-07-31General UpdatesPursuant to the provisions of the Listing Regulations, we wish to inform you that the Board of Directors of the Company at their meeting held today, c...
2026-07-31Capacity additionPursuant to the provisions of the Listing Regulations, we wish to inform you that the Board of Directors of the Company at their meeting held today, c...
2026-07-31Board meeting outcomePursuant to the provisions of the Listing Regulations, we wish to inform you that the Board of Directors of the Company at their meeting held today, c...
2026-07-27ResignationResignation of Director/KMP/SMP
2026-07-27ResignationChange in Senior Management of the Company
2026-07-23Concall / analyst meetPursuant to the provisions of Regulation 30 read with Regulation 46 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, w...
2026-07-22Closure of Buy BackCompletion of extinguishment of 21,50,000 (Twenty-One Lacs Fifty Thousand) Equity Shares of Re. 1/- each of Kajaria Ceramics Limited ( Company ) and r...
2026-07-20Post Buyback Public AnnouncePost-Buyback public announcement regarding Buyback of Equity Shares of Kajaria Ceramics Limited by way of tender offer from existing shareholders purs...
2026-07-01BuybackThe Letter of Offer for Buyback of equity shares of the Company
2026-06-27AllotmentAllotment of equity shares pursuant to exercise of options under Kajaria Employee Stock Option Scheme 2015
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Order dateForumCase
2020-03-12CESTATKAJARIA CERAMICS LIMITED ---VS.--- ALWAR
2020-01-22CESTATKAJARIA CERAMICS LIMITED ---VS.--- ALWAR
2019-11-14CESTATKAJARIA CERAMICS LIMITED ---VS.--- ALWAR
2019-04-30CESTATKAJARIA CERAMICS LIMITED ---VS.--- ALWAR
2018-04-12CESTATKAJARIA CERAMICS LTD ---VS.--- ALWAR
2017-10-17CESTATALWAR ---VS.--- KAJARIA CERAMICS LTD
Orders from NCLT, NCLAT and CESTAT naming the company. Click a row for the order.
Not on any NSE surveillance list in the latest file.

Quick answers

What is the market cap of Kajaria Ceramics Ltd?

Kajaria Ceramics Ltd (KAJARIACER) has a market capitalisation of Rs 18,708 Cr. at the 2026-10-01 close.

What is the P/E ratio of Kajaria Ceramics Ltd?

Kajaria Ceramics Ltd trades at a P/E of 32.4 on trailing twelve-month profit, at the 2026-10-01 close.

What were Kajaria Ceramics Ltd's latest quarterly results?

In the Jun 2026 quarter, Kajaria Ceramics Ltd sales was Rs 1,328 Cr (+20.4% vs Jun 2025) and net profit was Rs 171 Cr.

What is the 52-week high and low of Kajaria Ceramics Ltd?

The 52-week high is Rs 1,293.80 and the 52-week low is Rs 869.60.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03