KAJARIACER

Kajaria Ceramics Limited

Ceramic wall and floor tiles, bathware and adhesives manufacturer

Consumer Discretionary›Consumer Durables›Consumer Durables›Ceramics

kajariaceramics.com(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹1211.00
Market cap
19,287 Cr
Stock P/E
35.3
P/B
6.29
Dividend yield
1.0%
ROE (FY26)
15.5%
ROCE (FY26)
21.5%
Operating margin (FY26)
14.4%
Debt / equity (FY26)
0.04
OCF / EBITDA (FY26)
77.1%
OCF / EBITDA (3Y)
80.8%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

Kajaria Ceramics makes and sells floor and wall tiles in India, mainly through a dealer network and to builders and projects, and also sells bathware (Kerovit) and adhesives.

Company snapshot

1stBy market cap

Ranked among 10 companies in Ceramics.

Segment mix

Reportable segments as of 2024-12-31 (Consolidated). Revenue share = segment revenue ÷ total revenue.

Largest segment: 90.8% of revenue

SegmentRevenue shareRevenuePBTAssets
OTHERS*
9.2%
319 Cr-19 Cr—
TILES
90.8%
3,138 Cr371 Cr—

What we see

Positives
  • ✓Debt-to-equity of 0.04x — the company is largely funded by its own money, not borrowed funds.
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Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales1,122 Cr1,152 Cr1,241 Cr1,114 Cr1,179 Cr1,164 Cr1,222 Cr1,103 Cr1,186 Cr1,168 Cr1,373 Cr1,328 Cr
Operating expenses (approx.)942 Cr973 Cr1,069 Cr947 Cr1,020 Cr1,015 Cr1,083 Cr916 Cr973 Cr967 Cr1,110 Cr1,068 Cr
EBITDA180 Cr179 Cr172 Cr167 Cr159 Cr149 Cr138 Cr187 Cr213 Cr201 Cr263 Cr260 Cr
OPM %16.0%15.5%13.9%15.0%13.5%12.8%11.3%16.9%18.0%17.2%19.2%19.6%
Other income8 Cr11 Cr17 Cr10 Cr10 Cr11 Cr12 Cr13 Cr15 Cr12 Cr12 Cr17 Cr
Interest4 Cr5 Cr7 Cr5 Cr5 Cr9 Cr6 Cr5 Cr6 Cr6 Cr6 Cr5 Cr
Depreciation36 Cr39 Cr42 Cr42 Cr41 Cr40 Cr43 Cr44 Cr42 Cr42 Cr42 Cr42 Cr
Profit before tax148 Cr146 Cr140 Cr128 Cr121 Cr110 Cr78 Cr150 Cr181 Cr125 Cr224 Cr231 Cr
Tax %24.8%26.0%25.3%27.9%29.0%28.0%44.4%26.4%26.0%30.9%30.1%26.1%
Net profit111 Cr108 Cr104 Cr92 Cr86 Cr79 Cr43 Cr110 Cr134 Cr86 Cr157 Cr171 Cr
EPS (₹)₹6.78₹6.54₹6.43₹5.64₹5.29₹4.88₹2.67₹6.84₹8.35₹5.51₹9.78₹10.64

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales2,855 Cr2,783 Cr2,956 Cr2,808 Cr2,781 Cr3,705 Cr4,382 Cr4,578 Cr4,635 Cr4,830 CrSign in free for the trailing twelve months
Operating expenses (approx.)2,358 Cr2,326 Cr2,507 Cr2,392 Cr2,272 Cr3,095 Cr3,790 Cr3,879 Cr4,009 Cr3,965 CrSign in free for the trailing twelve months
EBITDA496 Cr456 Cr449 Cr416 Cr509 Cr611 Cr592 Cr700 Cr626 Cr865 CrSign in free for the trailing twelve months
OPM %17.4%16.4%15.2%14.8%18.3%16.5%13.5%15.3%13.5%17.9%Sign in free for the trailing twelve months
Other income15 Cr11 Cr18 Cr24 Cr21 Cr28 Cr34 Cr46 Cr43 Cr53 CrSign in free for the trailing twelve months
Interest34 Cr24 Cr16 Cr20 Cr11 Cr13 Cr22 Cr21 Cr20 Cr23 CrSign in free for the trailing twelve months
Depreciation81 Cr89 Cr89 Cr108 Cr107 Cr115 Cr133 Cr148 Cr165 Cr169 CrSign in free for the trailing twelve months
Profit before tax396 Cr355 Cr358 Cr312 Cr413 Cr510 Cr462 Cr576 Cr436 Cr680 CrSign in free for the trailing twelve months
Tax %36.0%35.7%36.1%18.9%25.2%25.0%25.1%24.9%31.2%28.4%Sign in free for the trailing twelve months
Net profit254 Cr229 Cr229 Cr254 Cr309 Cr383 Cr346 Cr432 Cr300 Cr487 CrSign in free for the trailing twelve months
EPS (₹)₹15.91₹14.78₹14.25₹16.06₹19.37₹23.69₹21.64₹26.51₹18.48₹30.48Sign in free for the trailing twelve months
Dividend payout %————51.5%33.3%41.4%33.2%58.4%39.2%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital16 Cr16 Cr16 Cr16 Cr16 Cr16 Cr16 Cr16 Cr16 Cr16 Cr
Reserves1,159 Cr1,335 Cr1,559 Cr1,698 Cr1,853 Cr2,106 Cr2,311 Cr2,601 Cr2,728 Cr3,050 Cr
Borrowings171 Cr135 Cr95 Cr117 Cr97 Cr128 Cr209 Cr171 Cr176 Cr130 Cr
Other liabilities618 Cr588 Cr637 Cr543 Cr496 Cr671 Cr717 Cr697 Cr770 Cr768 Cr
Total liabilities2,040 Cr2,140 Cr2,373 Cr2,439 Cr2,527 Cr2,987 Cr3,331 Cr3,543 Cr3,756 Cr4,029 Cr
Fixed assets (net)1,163 Cr1,131 Cr1,067 Cr1,142 Cr1,152 Cr1,100 Cr1,370 Cr1,534 Cr1,584 Cr1,535 Cr
CWIP8 Cr18 Cr93 Cr26 Cr15 Cr263 Cr82 Cr68 Cr109 Cr119 Cr
Investments0.09 Cr0.42 Cr0.34 Cr10 Cr5 Cr0 Cr2 Cr15 Cr34 Cr39 Cr
Loans & advances——5 Cr4 Cr13 Cr16 Cr10 Cr59 Cr7 Cr6 Cr
Inventories372 Cr378 Cr406 Cr513 Cr373 Cr466 Cr565 Cr532 Cr618 Cr551 Cr
Trade receivables339 Cr451 Cr475 Cr397 Cr432 Cr513 Cr601 Cr619 Cr570 Cr628 Cr
Cash & bank50 Cr80 Cr22 Cr16 Cr25 Cr32 Cr11 Cr98 Cr19 Cr56 Cr
Other assets108 Cr82 Cr304 Cr331 Cr512 Cr596 Cr690 Cr617 Cr816 Cr1,094 Cr
Total assets2,040 Cr2,140 Cr2,373 Cr2,439 Cr2,527 Cr2,987 Cr3,331 Cr3,543 Cr3,756 Cr4,029 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity338 Cr238 Cr317 Cr224 Cr509 Cr426 Cr296 Cr602 Cr501 Cr667 Cr
Cash from investing-140 Cr-137 Cr-261 Cr-90 Cr-296 Cr-298 Cr-184 Cr-298 Cr-372 Cr-336 Cr
Cash from financing-168 Cr-72 Cr-114 Cr-140 Cr-205 Cr-120 Cr-135 Cr-216 Cr-209 Cr-293 Cr
Net cash flow30 Cr30 Cr-58 Cr-6 Cr9 Cr7 Cr-23 Cr88 Cr-80 Cr37 Cr
Free cash flow (OCF − Capex)191 Cr86 Cr194 Cr100 Cr396 Cr157 Cr64 Cr301 Cr280 Cr539 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %30.3%24.4%21.5%17.5%20.9%22.6%18.5%21.0%15.3%21.5%
ROE %20.2%16.1%13.8%14.4%15.9%17.2%14.3%15.8%10.5%15.5%
Debtor days43595852575050494547
Inventory days200189187254230206202198211202
Days payable144129142119128132111109115117
Cash conversion cycle99119103187159124141138140132
OCF / EBITDA %68.0%52.2%70.6%54.0%100.0%69.7%49.9%86.0%80.0%77.1%
OCF / EBITDA % (3 years)——63.7%59.0%76.4%75.5%71.9%69.5%72.9%80.8%
Debt / equity0.150.100.060.070.050.060.090.070.060.04
Current ratio1.481.732.002.302.812.202.272.642.572.97
Net debt / EBITDA0.24—0.160.240.140.160.340.100.250.09