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Last Updated on: 19 June, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Kajaria Ceramics Ltd

About the Company - Kajaria Ceramics Ltd

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Basic Stock Data of Kajaria Ceramics Ltd

Last Updated: June 19, 2024, 2:37 pm

Market Cap 21,524 Cr.
Current Price 1,352
High / Low1,524/1,110
Stock P/E51.0
Book Value 164
Dividend Yield0.65 %
ROCE21.4 %
ROE17.1 %
Face Value 1.00
PEG Ratio5.52

Kajaria Ceramics Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales8389535629741,0681,1021,0081,0781,0911,2051,0641,1221,152
Expenses6577624817938849368559489581,029895942973
Operating Profit18219180180184166154129133176169179178
OPM %22%20%14%19%17%15%15%12%12%15%16%16%16%
Other Income67677784769811
Interest3333344387545
Depreciation28272728283332343334313639
Profit before tax1581695715716013612697100140143147146
Tax %23%22%27%24%22%29%26%29%26%21%24%25%26%
Net Profit1211314111912597936974111109111108
EPS in Rs7.487.992.717.307.676.015.804.394.676.786.756.786.54

Last Updated: June 5, 2024, 2:09 am

Kajaria Ceramics Ltd Quarterly Chart

Kajaria Ceramics Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales1,3131,5831,8362,1872,4132,5502,7112,9562,8082,7813,7054,3824,482
Expenses1,1051,3361,5501,8311,9502,0492,2532,5012,3912,2663,0933,7893,824
Operating Profit208247287355463500457455417515612593658
OPM %16%16%16%16%19%20%17%15%15%19%17%14%15%
Other Income-01105111182315262531
Interest49464129343424162011132225
Depreciation3945475673818989108107115133133
Profit before tax120158199270361396355358312413510462530
Tax %32%32%34%32%35%36%36%36%19%25%25%25%
Net Profit82108131185236254229229254309383346404
EPS in Rs5.507.118.2211.0514.5615.9114.7814.2516.0619.3623.6821.6424.98
Dividend Payout %23%21%21%18%17%19%20%21%19%52%46%42%

Kajaria Ceramics Ltd Profit & Loss Yearly Chart

Kajaria Ceramics Ltd Growth

Compounded Sales Growth
10 Years:11%
5 Years:10%
3 Years:16%
TTM:6%
Compounded Profit Growth
10 Years:13%
5 Years:9%
3 Years:11%
TTM:29%
Stock Price CAGR
10 Years:18%
5 Years:15%
3 Years:10%
1 Year:6%
Return on Equity
10 Years:19%
5 Years:17%
3 Years:17%
Last Year:16%

Last Updated: May 2, 2024, 9:59 am

Kajaria Ceramics Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital15151516161616161616161616
Reserves2673464897259561,1591,3351,5591,6981,8532,1062,3112,487
Borrowings278320236243294213170120166126165250168
Other Liabilities331367435575653652619677557530699751737
Total Liabilities8911,0481,1761,5591,9182,0402,1402,3722,4372,5252,9863,3283,408
Fixed Assets5216206928601,1211,1771,1451,0781,1951,1921,1501,4471,566
CWIP28417888189327152638273
Investments000000001050215
Other Assets3684204436217908549771,2001,2061,3131,5731,7981,754
Total Assets8911,0481,1761,5591,9182,0402,1402,3722,4372,5252,9863,3283,408

Kajaria Ceramics Ltd Reserves and Borrowings Chart

Kajaria Ceramics Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 9198166180316338238317224509426296
Cash from Investing Activity -69-150-151-263-267-140-136-261-90-296-298-182
Cash from Financing Activity -1953-1387-39-168-72-114-140-205-120-135
Net Cash Flow3-025103030-58-697-22

Kajaria Ceramics Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days333333354149615952575150
Inventory Days11412198151189168150147189119122127
Days Payable108917812014412110211288667870
Cash Conversion Cycle3863546587961089415211094107
Working Capital Days61716213439544971614860
ROCE %32%32%32%34%34%31%25%23%18%21%24%20%

Kajaria Ceramics Ltd Financial Efficiency Indicators Chart

Kajaria Ceramics Ltd Share Holding Pattern

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Promoters47.54%47.51%47.51%47.50%47.50%47.49%47.49%47.49%47.49%47.49%47.49%47.49%
FIIs25.09%24.89%22.45%21.27%19.58%19.44%18.57%16.89%17.95%18.48%18.33%19.18%
DIIs14.89%15.24%17.26%20.32%22.40%22.82%24.49%26.23%25.22%25.43%25.53%24.91%
Public12.48%12.36%12.77%10.91%10.52%10.25%9.44%9.36%9.33%8.59%8.66%8.43%
No. of Shareholders70,67776,45778,90783,43576,33077,02670,10468,22567,85471,39674,77780,081

Kajaria Ceramics Ltd Shareholding Pattern Chart

No. of Kajaria Ceramics Ltd Shareholders

Kajaria Ceramics Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Kotak Emerging Equity Fund - Regular Plan5,753,1552.15725.672,644,1442024-06-17117.58%
Mirae Asset Large Cap Fund2,644,1440.97333.522,644,1442024-06-170%
SBI Large & Midcap Fund2,594,8262.09327.32,644,1442024-06-17-1.87%
DSP Mid Cap Fund2,039,6661.78257.272,644,1442024-06-17-22.86%
Mirae Asset Midcap Fund1,451,3461.55183.072,644,1442024-06-17-45.11%
DSP Small Cap Fund1,339,0131.43168.92,644,1442024-06-17-49.36%
Invesco India Contra Fund1,292,0751.47162.982,644,1442024-06-17-51.13%
Mirae Asset Emerging Bluechip Fund1,231,6570.55155.362,644,1442024-06-17-53.42%
UTI Mid Cap Fund912,3211.32115.082,644,1442024-06-17-65.5%
HSBC Small Cap Fund - Regular Plan841,2000.92106.12,644,1442024-06-17-68.19%

Kajaria Ceramics Ltd ROCE Trend

Kajaria Ceramics Ltd EPS Trend

Kajaria Ceramics Ltd Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue1.001.001.001.001.00
Basic EPS (Rs.)26.5121.6423.6919.3716.06
Diluted EPS (Rs.)26.4821.6223.6819.3716.06
Cash EPS (Rs.)36.4930.1031.2926.1222.74
Book Value[Excl.RevalReserv]/Share (Rs.)167.96151.03137.38121.52111.82
Book Value[Incl.RevalReserv]/Share (Rs.)167.96151.03137.38121.52111.82
Revenue From Operations / Share (Rs.)287.41275.25232.74174.79176.60
PBDIT / Share (Rs.)46.8339.3040.0933.3227.68
PBIT / Share (Rs.)37.5430.9532.8526.6220.88
PBT / Share (Rs.)36.2129.0532.0525.9419.65
Net Profit / Share (Rs.)27.2021.7524.0419.4215.95
NP After MI And SOA / Share (Rs.)26.5021.6423.6819.3616.06
PBDIT Margin (%)16.2914.2717.2219.0615.67
PBIT Margin (%)13.0511.2414.1115.2211.82
PBT Margin (%)12.5910.5513.7614.8411.12
Net Profit Margin (%)9.467.9010.3211.109.02
NP After MI And SOA Margin (%)9.217.8610.1711.079.09
Return on Networth / Equity (%)16.1314.8017.7616.4814.89
Return on Capital Employeed (%)20.7819.0822.4620.4817.27
Return On Assets (%)11.9110.3412.6212.1910.47
Long Term Debt / Equity (X)0.020.020.010.010.01
Total Debt / Equity (X)0.060.080.060.050.06
Asset Turnover Ratio (%)1.331.341.261.071.13
Current Ratio (X)2.642.252.202.812.30
Quick Ratio (X)1.851.501.502.001.31
Inventory Turnover Ratio (X)1.781.621.781.151.30
Dividend Payout Ratio (NP) (%)0.0041.5933.7751.6437.35
Dividend Payout Ratio (CP) (%)0.0030.0225.8638.3526.24
Earning Retention Ratio (%)0.0058.4166.2348.3662.65
Cash Earning Retention Ratio (%)0.0069.9874.1461.6573.76
Interest Coverage Ratio (X)35.3228.0350.1449.5022.56
Interest Coverage Ratio (Post Tax) (X)21.5216.8731.0729.8413.99
Enterprise Value (Cr.)18137.8116673.6115973.2914421.345942.86
EV / Net Operating Revenue (X)3.963.814.315.192.12
EV / EBITDA (X)24.3226.6525.0327.2013.50
MarketCap / Net Operating Revenue (X)4.023.834.375.292.13
Retention Ratios (%)0.0058.4066.2248.3562.64
Price / BV (X)7.047.217.647.873.49
Price / Net Operating Revenue (X)4.023.834.375.292.13
EarningsYield0.020.020.020.020.04

Kajaria Ceramics Ltd Profitability Ratios (%)

Kajaria Ceramics Ltd Liquidity Ratios

Kajaria Ceramics Ltd Liquidity Ratios (%)

Kajaria Ceramics Ltd Interest Coverage Ratios (%)

Kajaria Ceramics Ltd Valuation Ratios

Fair Value

Fair Value: 1,439.54

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.

Undervalued: 6.47% compared to the current price 1352

Intrinsic Value: 1,572.51

Calculation basis:

  • Fair 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 fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 16.31% compared to the current price ₹1352

Last 5 Year EPS CAGR: 9.24%

*Investments are subject to market risks

Strength and Weakness of Kajaria Ceramics Ltd Stock

StrengthWeakness
  1. The stock has a high average ROCE of 27.17%, which is a positive sign.
  2. The company has higher reserves (1,330.08 cr) compared to borrowings (211.46 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (2.15 cr) and profit (341.85 cr) over the years.
  1. The stock has a high average Working Capital Days of 39.67, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 89.00, which may not be favorable.

FAQ

What is the latest fair value of Kajaria Ceramics Ltd?

The latest fair value of Kajaria Ceramics Ltd is ₹1439.54.

What is the Market Cap of Kajaria Ceramics Ltd?

The Market Cap of Kajaria Ceramics Ltd is 21,524 Cr..

What is the current Stock Price of Kajaria Ceramics Ltd as on 19 June 2024?

The current stock price of Kajaria Ceramics Ltd as on 19 June 2024 is ₹1,352.

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

In FY 2024, the High / Low of Kajaria Ceramics Ltd stocks is 1,524/1,110.

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

The Stock P/E of Kajaria Ceramics Ltd is 51.0.

What is the Book Value of Kajaria Ceramics Ltd?

The Book Value of Kajaria Ceramics Ltd is 164.

What is the Dividend Yield of Kajaria Ceramics Ltd?

The Dividend Yield of Kajaria Ceramics Ltd is 0.65 %.

What is the ROCE of Kajaria Ceramics Ltd?

The ROCE of Kajaria Ceramics Ltd is 21.4 %.

What is the ROE of Kajaria Ceramics Ltd?

The ROE of Kajaria Ceramics Ltd is 17.1 %.

What is the Face Value of Kajaria Ceramics Ltd?

The Face Value of Kajaria Ceramics Ltd is 1.00.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Kajaria Ceramics Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE