Kajaria Ceramics Ltd: Share Price Analysis, Intrinsic Value & Fundamentals (2025)

Share Price and Basic Stock Data

Last Updated: February 26, 2025, 4:26 am

Market Cap	13,925 Cr.
Current Price	874
High / Low	1,579/852
Stock P/E	39.3
Book Value	169
Dividend Yield	1.37 %
ROCE	21.2 %
ROE	16.8 %
Face Value	1.00
PEG Ratio	4.25

Stock P/E, Current Price, and Intrinsic Value Over Time

Stock P/E Current Price Intrinsic Value

View Share Price Target for Kajaria Ceramics Ltd

Competitors of Kajaria Ceramics Ltd

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
Exxaro Tiles Ltd	362 Cr.	8.09	12.0/7.60		6.09	0.00 %	4.54 %	0.72 %	1.00
Carysil Ltd	1,500 Cr.	528	1,048/486	24.7	174	0.38 %	17.1 %	17.6 %	2.00
Somany Ceramics Ltd	1,798 Cr.	438	873/421	26.2	180	0.68 %	14.4 %	12.9 %	2.00
Orient Bell Ltd	405 Cr.	277	447/264	81.0	213	0.18 %	0.97 %	0.34 %	10.0
Nitco Ltd	759 Cr.	106	149/50.6		82.2	0.00 %	14.0 %	%	10.0
Industry Average	2,962.33 Cr	775.38		87.01	191.13	0.51%	11.54%	19.41%	6.10

All Competitor Stocks of Kajaria Ceramics Ltd

Quarterly Result

Metric	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
Sales	838	953	562	974	1,068	1,102	1,008	1,078	1,091	1,205	1,064	1,122	1,152
Expenses	657	762	481	793	884	936	855	948	958	1,029	895	942	973
Operating Profit	182	191	80	180	184	166	154	129	133	176	169	179	178
OPM %	22%	20%	14%	19%	17%	15%	15%	12%	12%	15%	16%	16%	16%
Other Income	6	7	6	7	7	7	8	4	7	6	9	8	11
Interest	3	3	3	3	3	4	4	3	8	7	5	4	5
Depreciation	28	27	27	28	28	33	32	34	33	34	31	36	39
Profit before tax	158	169	57	157	160	136	126	97	100	140	143	147	146
Tax %	23%	22%	27%	24%	22%	29%	26%	29%	26%	21%	24%	25%	26%
Net Profit	121	131	41	119	125	97	93	69	74	111	109	111	108
EPS in Rs	7.48	7.99	2.71	7.30	7.67	6.01	5.80	4.39	4.67	6.78	6.75	6.78	6.54

Last Updated: Unknown

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

Metric	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Sales	1,313	1,583	1,836	2,187	2,413	2,550	2,711	2,956	2,808	2,781	3,705	4,382	4,482
Expenses	1,105	1,336	1,550	1,831	1,950	2,049	2,253	2,501	2,391	2,266	3,093	3,789	3,824
Operating Profit	208	247	287	355	463	500	457	455	417	515	612	593	658
OPM %	16%	16%	16%	16%	19%	20%	17%	15%	15%	19%	17%	14%	15%
Other Income	-0	1	1	0	5	11	11	8	23	15	26	25	31
Interest	49	46	41	29	34	34	24	16	20	11	13	22	25
Depreciation	39	45	47	56	73	81	89	89	108	107	115	133	133
Profit before tax	120	158	199	270	361	396	355	358	312	413	510	462	530
Tax %	32%	32%	34%	32%	35%	36%	36%	36%	19%	25%	25%	25%
Net Profit	82	108	131	185	236	254	229	229	254	309	383	346	404
EPS in Rs	5.50	7.11	8.22	11.05	14.56	15.91	14.78	14.25	16.06	19.36	23.68	21.64	24.98
Dividend Payout %	23%	21%	21%	18%	17%	19%	20%	21%	19%	52%	46%	42%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2012-2013	2013-2014	2014-2015	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023
YoY Net Profit Growth (%)	31.71%	21.30%	41.22%	27.57%	7.63%	-9.84%	0.00%	10.92%	21.65%	23.95%	-9.66%
Change in YoY Net Profit Growth (%)	0.00%	-10.41%	19.93%	-13.65%	-19.94%	-17.47%	9.84%	10.92%	10.74%	2.29%	-33.61%

Kajaria Ceramics Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2012-2013 to 2022-2023.

Growth

Compounded Sales Growth
10 Years:	10%
5 Years:	9%
3 Years:	18%
TTM:	3%

Compounded Profit Growth
10 Years:	13%
5 Years:	12%
3 Years:	10%
TTM:	-18%

Stock Price CAGR
10 Years:	8%
5 Years:	11%
3 Years:	-8%
1 Year:	-31%

Return on Equity
10 Years:	18%
5 Years:	17%
3 Years:	17%
Last Year:	17%

Last Updated: Unknown

Balance Sheet

Last Updated: December 14, 2024, 3:20 pm

Month	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	514	725	956	1,159	1,335	1,559	1,698	1,853	2,106	2,311	2,601	2,682
Borrowings	320	236	243	294	213	170	120	166	126	165	250	239	261
Other Liabilities	367	410	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
Fixed Assets	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
Other Assets	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

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Cash from Operating Activity +	98	166	180	316	338	238	317	224	509	426	296	602
Cash from Investing Activity +	-150	-151	-263	-267	-140	-136	-261	-90	-296	-298	-182	-298
Cash from Financing Activity +	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

Free Cash Flow

Month	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Free Cash Flow	208.00	-73.00	51.00	112.00	169.00	287.00	287.00	335.00	251.00	389.00	447.00	343.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

Month	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	98
Days Payable	91	78	120	144	121	102	112	88	66	78	70	54
Cash Conversion Cycle	63	54	65	87	96	108	94	152	110	94	107	93
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%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
Promoters	47.51%	47.50%	47.50%	47.49%	47.49%	47.49%	47.49%	47.49%	47.49%	47.49%	47.49%	47.49%
FIIs	22.45%	21.27%	19.58%	19.44%	18.57%	16.89%	17.95%	18.48%	18.33%	19.18%	16.21%	16.07%
DIIs	17.26%	20.32%	22.40%	22.82%	24.49%	26.23%	25.22%	25.43%	25.53%	24.91%	27.83%	28.39%
Public	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	78,907	83,435	76,330	77,026	70,104	68,225	67,854	71,396	74,777	80,081	83,280	77,587

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund Name	No of Shares	AUM (%)	Amount Invested (Cr)	Previous Number of Shares	Previous Date	Percentage Change
Kotak Emerging Equity Fund - Regular Plan	5,753,155	2.15	725.67	2,594,826	2025-02-23	121.72%
Mirae Asset Large Cap Fund	2,644,144	0.97	333.52	2,594,826	2025-02-23	1.9%
SBI Large & Midcap Fund	2,594,826	2.09	327.3	2,594,826	2025-02-23	0%
DSP Mid Cap Fund	2,039,666	1.78	257.27	2,594,826	2025-02-23	-21.39%
Mirae Asset Midcap Fund	1,451,346	1.55	183.07	2,594,826	2025-02-23	-44.07%
DSP Small Cap Fund	1,339,013	1.43	168.9	2,594,826	2025-02-23	-48.4%
Invesco India Contra Fund	1,292,075	1.47	162.98	2,594,826	2025-02-23	-50.21%
Mirae Asset Emerging Bluechip Fund	1,231,657	0.55	155.36	2,594,826	2025-02-23	-52.53%
UTI Mid Cap Fund	912,321	1.32	115.08	2,594,826	2025-02-23	-64.84%
HSBC Small Cap Fund - Regular Plan	841,200	0.92	106.1	2,594,826	2025-02-23	-67.58%

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20
FaceValue	1.00	1.00	1.00	1.00	1.00
Basic EPS (Rs.)	26.51	21.64	23.69	19.37	16.06
Diluted EPS (Rs.)	26.48	21.62	23.68	19.37	16.06
Cash EPS (Rs.)	36.49	30.10	31.29	26.12	22.74
Book Value[Excl.RevalReserv]/Share (Rs.)	167.96	151.03	137.38	121.52	111.82
Book Value[Incl.RevalReserv]/Share (Rs.)	167.96	151.03	137.38	121.52	111.82
Revenue From Operations / Share (Rs.)	287.41	275.25	232.74	174.79	176.60
PBDIT / Share (Rs.)	46.83	39.30	40.09	33.32	27.68
PBIT / Share (Rs.)	37.54	30.95	32.85	26.62	20.88
PBT / Share (Rs.)	36.21	29.05	32.05	25.94	19.65
Net Profit / Share (Rs.)	27.20	21.75	24.04	19.42	15.95
NP After MI And SOA / Share (Rs.)	26.50	21.64	23.68	19.36	16.06
PBDIT Margin (%)	16.29	14.27	17.22	19.06	15.67
PBIT Margin (%)	13.05	11.24	14.11	15.22	11.82
PBT Margin (%)	12.59	10.55	13.76	14.84	11.12
Net Profit Margin (%)	9.46	7.90	10.32	11.10	9.02
NP After MI And SOA Margin (%)	9.21	7.86	10.17	11.07	9.09
Return on Networth / Equity (%)	16.13	14.80	17.76	16.48	14.89
Return on Capital Employeed (%)	20.78	19.08	22.46	20.48	17.27
Return On Assets (%)	11.91	10.34	12.62	12.19	10.47
Long Term Debt / Equity (X)	0.02	0.02	0.01	0.01	0.01
Total Debt / Equity (X)	0.06	0.08	0.06	0.05	0.06
Asset Turnover Ratio (%)	1.33	1.34	1.26	1.07	1.13
Current Ratio (X)	2.64	2.25	2.20	2.81	2.30
Quick Ratio (X)	1.85	1.50	1.50	2.00	1.31
Inventory Turnover Ratio (X)	1.78	1.62	1.78	1.15	1.30
Dividend Payout Ratio (NP) (%)	33.95	41.59	33.77	51.64	37.35
Dividend Payout Ratio (CP) (%)	25.14	30.02	25.86	38.35	26.24
Earning Retention Ratio (%)	66.05	58.41	66.23	48.36	62.65
Cash Earning Retention Ratio (%)	74.86	69.98	74.14	61.65	73.76
Interest Coverage Ratio (X)	35.32	28.03	50.14	49.50	22.56
Interest Coverage Ratio (Post Tax) (X)	21.52	16.87	31.07	29.84	13.99
Enterprise Value (Cr.)	18137.81	16673.61	15973.29	14421.34	5942.86
EV / Net Operating Revenue (X)	3.96	3.81	4.31	5.19	2.12
EV / EBITDA (X)	24.32	26.65	25.03	27.20	13.50
MarketCap / Net Operating Revenue (X)	4.02	3.83	4.37	5.29	2.13
Retention Ratios (%)	66.04	58.40	66.22	48.35	62.64
Price / BV (X)	7.04	7.21	7.64	7.87	3.49
Price / Net Operating Revenue (X)	4.02	3.83	4.37	5.29	2.13
EarningsYield	0.02	0.02	0.02	0.02	0.04

After reviewing the key financial ratios for Kajaria Ceramics Ltd, here is a detailed analysis based on the latest available data and recent trends:

For FaceValue, as of Mar 24, the value is 1.00. This value is within the healthy range. There is no change compared to the previous period (Mar 23) which recorded 1.00.
For Basic EPS (Rs.), as of Mar 24, the value is 26.51. This value is within the healthy range. It has increased from 21.64 (Mar 23) to 26.51, marking an increase of 4.87.
For Diluted EPS (Rs.), as of Mar 24, the value is 26.48. This value is within the healthy range. It has increased from 21.62 (Mar 23) to 26.48, marking an increase of 4.86.
For Cash EPS (Rs.), as of Mar 24, the value is 36.49. This value is within the healthy range. It has increased from 30.10 (Mar 23) to 36.49, marking an increase of 6.39.
For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 167.96. It has increased from 151.03 (Mar 23) to 167.96, marking an increase of 16.93.
For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 167.96. It has increased from 151.03 (Mar 23) to 167.96, marking an increase of 16.93.
For Revenue From Operations / Share (Rs.), as of Mar 24, the value is 287.41. It has increased from 275.25 (Mar 23) to 287.41, marking an increase of 12.16.
For PBDIT / Share (Rs.), as of Mar 24, the value is 46.83. This value is within the healthy range. It has increased from 39.30 (Mar 23) to 46.83, marking an increase of 7.53.
For PBIT / Share (Rs.), as of Mar 24, the value is 37.54. This value is within the healthy range. It has increased from 30.95 (Mar 23) to 37.54, marking an increase of 6.59.
For PBT / Share (Rs.), as of Mar 24, the value is 36.21. This value is within the healthy range. It has increased from 29.05 (Mar 23) to 36.21, marking an increase of 7.16.
For Net Profit / Share (Rs.), as of Mar 24, the value is 27.20. This value is within the healthy range. It has increased from 21.75 (Mar 23) to 27.20, marking an increase of 5.45.
For NP After MI And SOA / Share (Rs.), as of Mar 24, the value is 26.50. This value is within the healthy range. It has increased from 21.64 (Mar 23) to 26.50, marking an increase of 4.86.
For PBDIT Margin (%), as of Mar 24, the value is 16.29. This value is within the healthy range. It has increased from 14.27 (Mar 23) to 16.29, marking an increase of 2.02.
For PBIT Margin (%), as of Mar 24, the value is 13.05. This value is within the healthy range. It has increased from 11.24 (Mar 23) to 13.05, marking an increase of 1.81.
For PBT Margin (%), as of Mar 24, the value is 12.59. This value is within the healthy range. It has increased from 10.55 (Mar 23) to 12.59, marking an increase of 2.04.
For Net Profit Margin (%), as of Mar 24, the value is 9.46. This value is within the healthy range. It has increased from 7.90 (Mar 23) to 9.46, marking an increase of 1.56.
For NP After MI And SOA Margin (%), as of Mar 24, the value is 9.21. This value is within the healthy range. It has increased from 7.86 (Mar 23) to 9.21, marking an increase of 1.35.
For Return on Networth / Equity (%), as of Mar 24, the value is 16.13. This value is within the healthy range. It has increased from 14.80 (Mar 23) to 16.13, marking an increase of 1.33.
For Return on Capital Employeed (%), as of Mar 24, the value is 20.78. This value is within the healthy range. It has increased from 19.08 (Mar 23) to 20.78, marking an increase of 1.70.
For Return On Assets (%), as of Mar 24, the value is 11.91. This value is within the healthy range. It has increased from 10.34 (Mar 23) to 11.91, marking an increase of 1.57.
For Long Term Debt / Equity (X), as of Mar 24, the value is 0.02. This value is below the healthy minimum of 0.2. There is no change compared to the previous period (Mar 23) which recorded 0.02.
For Total Debt / Equity (X), as of Mar 24, the value is 0.06. This value is within the healthy range. It has decreased from 0.08 (Mar 23) to 0.06, marking a decrease of 0.02.
For Asset Turnover Ratio (%), as of Mar 24, the value is 1.33. It has decreased from 1.34 (Mar 23) to 1.33, marking a decrease of 0.01.
For Current Ratio (X), as of Mar 24, the value is 2.64. This value is within the healthy range. It has increased from 2.25 (Mar 23) to 2.64, marking an increase of 0.39.
For Quick Ratio (X), as of Mar 24, the value is 1.85. This value is within the healthy range. It has increased from 1.50 (Mar 23) to 1.85, marking an increase of 0.35.
For Inventory Turnover Ratio (X), as of Mar 24, the value is 1.78. This value is below the healthy minimum of 4. It has increased from 1.62 (Mar 23) to 1.78, marking an increase of 0.16.
For Dividend Payout Ratio (NP) (%), as of Mar 24, the value is 33.95. This value is within the healthy range. It has decreased from 41.59 (Mar 23) to 33.95, marking a decrease of 7.64.
For Dividend Payout Ratio (CP) (%), as of Mar 24, the value is 25.14. This value is within the healthy range. It has decreased from 30.02 (Mar 23) to 25.14, marking a decrease of 4.88.
For Earning Retention Ratio (%), as of Mar 24, the value is 66.05. This value is within the healthy range. It has increased from 58.41 (Mar 23) to 66.05, marking an increase of 7.64.
For Cash Earning Retention Ratio (%), as of Mar 24, the value is 74.86. This value exceeds the healthy maximum of 70. It has increased from 69.98 (Mar 23) to 74.86, marking an increase of 4.88.
For Interest Coverage Ratio (X), as of Mar 24, the value is 35.32. This value is within the healthy range. It has increased from 28.03 (Mar 23) to 35.32, marking an increase of 7.29.
For Interest Coverage Ratio (Post Tax) (X), as of Mar 24, the value is 21.52. This value is within the healthy range. It has increased from 16.87 (Mar 23) to 21.52, marking an increase of 4.65.
For Enterprise Value (Cr.), as of Mar 24, the value is 18,137.81. It has increased from 16,673.61 (Mar 23) to 18,137.81, marking an increase of 1,464.20.
For EV / Net Operating Revenue (X), as of Mar 24, the value is 3.96. This value exceeds the healthy maximum of 3. It has increased from 3.81 (Mar 23) to 3.96, marking an increase of 0.15.
For EV / EBITDA (X), as of Mar 24, the value is 24.32. This value exceeds the healthy maximum of 15. It has decreased from 26.65 (Mar 23) to 24.32, marking a decrease of 2.33.
For MarketCap / Net Operating Revenue (X), as of Mar 24, the value is 4.02. This value exceeds the healthy maximum of 3. It has increased from 3.83 (Mar 23) to 4.02, marking an increase of 0.19.
For Retention Ratios (%), as of Mar 24, the value is 66.04. This value is within the healthy range. It has increased from 58.40 (Mar 23) to 66.04, marking an increase of 7.64.
For Price / BV (X), as of Mar 24, the value is 7.04. This value exceeds the healthy maximum of 3. It has decreased from 7.21 (Mar 23) to 7.04, marking a decrease of 0.17.
For Price / Net Operating Revenue (X), as of Mar 24, the value is 4.02. This value exceeds the healthy maximum of 3. It has increased from 3.83 (Mar 23) to 4.02, marking an increase of 0.19.
For EarningsYield, as of Mar 24, the value is 0.02. This value is below the healthy minimum of 5. There is no change compared to the previous period (Mar 23) which recorded 0.02.

Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation. If you have any questions or need more detailed insights, please feel free to reach out.

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Kajaria Ceramics Ltd as of February 25, 2025 is: ₹904.87

Calculation basis:

Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of February 25, 2025, Kajaria Ceramics Ltd is Undervalued by 3.53% compared to the current share price 874.00

Intrinsic Value of Kajaria Ceramics Ltd as of February 25, 2025 is: 988.45

Calculation basis:

Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of February 25, 2025, Kajaria Ceramics Ltd is Undervalued by 13.09% compared to the current share price ₹874.00

Last 5 Year EPS CAGR: 9.24%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The stock has a high average ROCE of 26.25%, which is a positive sign. The company has higher reserves (1,526.54 cr) compared to borrowings (215.62 cr), indicating strong financial stability. The company has shown consistent growth in sales (2.15 cr) and profit (341.85 cr) over the years.	The stock has a high average Working Capital Days of 43.83, which may not be favorable. The stock has a high average Cash Conversion Cycle of 93.58, which may not be favorable.

Stock Analysis

Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Kajaria Ceramics Ltd:
1. Net Profit Margin: 9.46%
  - Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
2. ROCE: 20.78% (Industry Average ROCE: 11.54%)
  - ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
3. ROE%: 16.13% (Industry Average ROE: 17.47%)
  - ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
4. Interest Coverage Ratio (Post Tax): 21.52
  - Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
5. Quick Ratio: 1.85
  - Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
6. Stock P/E: 39.3 (Industry average Stock P/E: 60.91)
  - Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
7. Total Debt / Equity: 0.06
  - Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
Stock Rating:

About the Company - Qualitative Analysis

Kajaria Ceramics Ltd. is a Public Limited Listed company incorporated on 20/12/1985 and has its registered office in the State of Haryana, India. Company's Corporate Identification Number(CIN) is L26924HR1985PLC056150 and registration number is 056150. Currently Company is involved in the business activities of Manufacture of other clay building materials. Company's Total Operating Revenue is Rs. 4103.02 Cr. and Equity Capital is Rs. 15.93 Cr. for the Year ended 31/03/2024.

INDUSTRY	ADDRESS	CONTACT
Ceramics/Tiles/Sanitaryware	SF-11, Second Floor, JMD Regent Plaza, Gurgaon Haryana 122001	investors@kajariaceramics.com http://www.kajariaceramics.com

Management
Name	Position Held
Mr. Ashok Kajaria	Chairman & Managing Director
Mr. Chetan Kajaria	Joint Managing Director
Mr. Rishi Kajaria	Joint Managing Director
Mr. Dev Datt Rishi	Non Executive Director
Mr. Rajender Mohan Malla	Independent Director
Mrs. Sushmita Shekhar	Independent Director
Dr. Lalit Kumar Panwar	Independent Director
Mr. Sudhir Bhargava	Independent Director

FAQ

What is the latest intrinsic value of Kajaria Ceramics Ltd?

Let's break down Kajaria Ceramics Ltd's intrinsic value simply:

We calculate intrinsic value using the PE Ratio Method - comparing the company's current price-to-earnings ratio with its historical average and industry peers. Think of it like checking if a stock is "on sale" compared to its typical pricing.

As of 25 February 2025:

Calculated Fair Value: ₹904.87
Current Market Price: ₹874.00
Variance: 3.53% higher

This suggests Kajaria Ceramics Ltd is currently undervalued by 3.53%. For context:

Market Cap: 13,925 Cr.
52-Week Range: 1,579/852
Reserves (Sep 2024): 2,682 Cr
Liabilities: 3,711 Cr

Remember: The PE method gives a snapshot based on earnings multiples. While useful for quick comparisons, investors should also consider growth prospects, industry trends, and economic conditions. This calculation assumes historical PE ratios remain relevant - always verify with current market dynamics.

What is the Market Cap of Kajaria Ceramics Ltd?

The Market Cap of Kajaria Ceramics Ltd is 13,925 Cr..

What is the current Stock Price of Kajaria Ceramics Ltd as on 25 February 2025?

The current stock price of Kajaria Ceramics Ltd as on 25 February 2025 is ₹874.

What is the High / Low of Kajaria Ceramics Ltd stocks in FY 2024-2025?

In FY 2024-2025, the High / Low of Kajaria Ceramics Ltd stocks is 1,579/852.

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

The Stock P/E of Kajaria Ceramics Ltd is 39.3.

What is the Book Value of Kajaria Ceramics Ltd?

The Book Value of Kajaria Ceramics Ltd is 169.

What is the Dividend Yield of Kajaria Ceramics Ltd?

The Dividend Yield of Kajaria Ceramics Ltd is 1.37 %.

What is the ROCE of Kajaria Ceramics Ltd?

The ROCE of Kajaria Ceramics Ltd is 21.2 %.

What is the ROE of Kajaria Ceramics Ltd?

The ROE of Kajaria Ceramics Ltd is 16.8 %.

What is the Face Value of Kajaria Ceramics Ltd?

The Face Value of Kajaria Ceramics Ltd is 1.00.