Exxaro Tiles
- Market cap
- ₹ 279 Cr.
- P/E
- 70.6x
- P/B
- 1.08x
- 52-week range
- 5.99 – 10.33
- ROE
- 1%
- ROCE
- 4%
- Dividend yield
- 0%
- Debt / equity
- 0.33
- Sector
- Consumer Durables
- Industry
- Ceramics
- Listed on
- NSE, BSE
About
Exxaro Tiles Limited is an India-based company, which is engaged in manufacturing and trading of vitrified tiles. It operates through the Manufacturing and Trading of refractory ceramic products segment. Its business operations are divided into various product categories, including ceramic tiles for both walls and floors, glazed vitrified tiles (GVT), and double charged tiles. Its Double charge vitrified tiles are tiles that are fed through a press, which prints the pattern with a double layer of pigment. Its Glazed vitrified tiles are flat slabs manufactured from ceramic materials such as clay, feldspar and quartz, and other additives. It sells its products under the Exxaro brand. Its brand series also include Topaz Series, Galaxy Series, and High Gloss Series. It supplies products over 13 countries including Poland, United Arab Emirates (UAE), and others. It supplies its products to various projects including residential, commercial, educational institutions, hospitals, and others.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Ceramics: 10 companies →Exxaro Tiles against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.
- Valuation (P/E)70.6 against a typical 43.6: pricier than most peers (1st = cheapest).8th of 10
- Sales growth+31.2% against a typical +34% from a year earlier.6th of 10
- Profit growth+155.6% against a typical +42.5% from a year earlier.2nd of 7
- Share price, 3 months−1.4% against a typical −3.3%.5th of 10
- Size₹ 278.7 Cr. market value against a typical ₹ 395.9 Cr. (1st = largest).6th of 10
Credit ratings
Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates
Moderate safety, with caution
Rated BBB- by Infomerics- No warnings from the agency.
| Agency | Current rating | Outlook | As of |
|---|---|---|---|
| Infomerics | IVR BBB- | Stable | 30 Sep 2026 |
| CRISIL | Withdrawn | — | 8 Apr 2026 |
| Rating | Details | |||||
|---|---|---|---|---|---|---|
| 30 Sep 2026 | Reaffirmed | IVR BBB- | — | Infomerics | ₹ 113.97 Cr. | |
| 8 Apr 2026 | Withdrawn | — | — | CRISIL | ₹ 122 Cr. | |
| 31 Mar 2026 | Reaffirmed | IVR BBB- | — | Infomerics | ₹ 113.97 Cr. | |
| 5 Mar 2026 | New rating | IVR BBB- | — | Infomerics | ₹ 113.97 Cr. | |
| 14 Aug 2025 | ▼ Downgrade | Crisil BB+ | — | CRISIL | ₹ 122 Cr. |
Research by Minerva Capital Research Solutions
Our research team's work on Exxaro TilesAlso covered in
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 31 Oct 2026Upcoming | Financial Results | To consider and approve the financial results for the period ended September 30, 2026 |
| 25 Jul 2026 | Financial Results | To consider and approve the financial results for the period ended Jun 30, 2026 |
| 5 May 2026 | Financial Results | To consider and approve the financial results for the period ended March 31, 2026 |
| 14 Feb 2026 | Financial Results | To consider and approve the financial results for the period ended December 31, 2025 |
| 8 Nov 2025 | Financial Results | To consider and approve the financial results for the period ended September 30, 2025 |
| 2 Aug 2025 | Financial Results | To consider and approve the financial results for the period ended Jun 30, 2025 |
| 24 May 2025 | Financial Results | To consider and approve the financial results for the period ended March 31, 2025 |
Financials
Consolidated figures in ₹ crore.
| ₹ Cr. | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 83 | 65 | 80 | 60 | 70 | 79 | 95 | 65 | 69 | 71 | 100 | 85 |
| Expenses | 75 | 64 | 72 | 60 | 64 | 73 | 85 | 59 | 63 | 64 | 94 | 78 |
| Operating Profit | 8 | 1 | 8 | 0 | 6 | 7 | 10 | 6 | 6 | 7 | 6 | 7 |
| OPM % | 9.3% | 2.2% | 9.5% | 0.3% | 8.5% | 8.7% | 10.2% | 9.4% | 9.2% | 9.5% | 5.7% | 8.2% |
| Other Income | 1 | 0 | 1 | 0 | −0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
| Interest | 3 | 3 | 4 | 3 | 3 | 3 | 3 | 3 | 3 | 4 | 3 | 3 |
| Depreciation | 5 | −2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 |
| Profit before tax | 0 | 0 | 2 | −5 | 0 | 2 | 5 | 1 | 2 | 1 | 0 | 3 |
| Tax % | 36.4% | −71.8% | 45.2% | −14.3% | 373.9% | 24.5% | 27% | 26.4% | 23.7% | 29.2% | 53.5% | 19.5% |
| Net Profit | 0 | 1 | 1 | −4 | −1 | 1 | 4 | 1 | 1 | 1 | 0 | 2 |
| EPS in Rs | 0 | 0.01 | 0.03 | −0.09 | −0.01 | 0.03 | 0.08 | 0.02 | 0.03 | 0.01 | 0 | 0.05 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- —
- 5 Years
- 4%
- 3 Years
- −1%
- TTM
- 5%
- 10 Years
- —
- 5 Years
- −29%
- 3 Years
- −29%
- TTM
- −10%
- 10 Years
- —
- 5 Years
- −13%
- 3 Years
- −21%
- TTM
- —
- 10 Years
- —
- 5 Years
- 2%
- 3 Years
- 1%
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Peers
Listed companies in the same business.
| Exxaro Tiles | ₹ 6.21 | ₹ 279 Cr. | 70.6x | 1.1x | 1% | — |
| Grindwell Norton | ₹ 1,858.00 | ₹ 20,572 Cr. | 55.4x | 9.1x | 17.4% | 13.6% |
| Carborundum Universal | ₹ 1,031.30 | ₹ 19,647 Cr. | 71.3x | 5.2x | 5.2% | 3.2% |
| Kajaria Ceramics | ₹ 1,137.65 | ₹ 17,896 Cr. | 38x | 6.4x | 16.8% | 10.2% |
| Century Plyboards (India) | ₹ 636.25 | ₹ 14,165 Cr. | 65.9x | 6.8x | 10.6% | 5% |
| Jindal SAW | ₹ 233.30 | ₹ 14,864 Cr. | 17.4x | 1.4x | — | 3.3% |
Management
- Mukeshkumar Babubhai Patel
- Chairman of the Board and Managing Director, Executive Director
- Himanshu P. Shah
- Chief Financial Officer
- Dharmishtha Shah
- Company Secretary and Compliance Officer
- Dineshbhai Ramanlal Patel
- Whole-time Director
- Kirankumar Bhikhalal Patel
- Whole-time Director
Prices are delayed and for information only. Nothing on this page is investment advice.