Kajaria Ceramics
- Market cap
- ₹ 17,896 Cr.
- P/E
- 31x
- P/B
- 6.02x
- 52-week range
- 869.6 – 1,275
- ROE
- 18%
- ROCE
- 23%
- Dividend yield
- 1.2%
- Debt / equity
- 0.07
- Sector
- Consumer Durables
- Industry
- Ceramics
- Listed on
- NSE, BSE
About
Kajaria Ceramics Limited is an India-based manufacturer of ceramic/vitrified tiles. The Company's segments include Tiles and Others. The Tiles segment is engaged in the manufacturing and trading of ceramic and vitrified wall and floor tiles. The Others segment is engaged in the manufacturing of sanitaryware and faucet and trading of plywood and laminates. Its product categories include glazed vitrified tiles - Eternity, ceramic wall and floor tiles, polished vitrified tiles and tile adhesives. The Company's wall tiles product categories include bathroom, kitchen, outdoor, living room, bedroom and wall tiles for commercial spaces. Its floor tiles product categories include living room, outdoor, bedroom, kitchen, bathroom and floor tiles for commercial spaces. The Company's Eternity glazed vitrified tiles include admiral brown, bolvia grey, ambrosia, ambrosia decor, apollo grey, astonia bronze, astonia nero and blossom beige decor.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Ceramics: 10 companies →Kajaria Ceramics 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)31 against a typical 43.6: cheaper than most peers (1st = cheapest).5th of 10
- Sales growth+23.8% against a typical +34% from a year earlier.8th of 10
- Profit growth+42.5% against a typical +42.5% from a year earlier.4th of 7
- Share price, 3 months−5.2% against a typical −3.3%.6th of 10
- Size₹ 17,896 Cr. market value against a typical ₹ 395.9 Cr. (1st = largest).1st of 10
Latest announcements
Exchange filings and their impact on the company.
- Kajaria declares Rs 12 interim dividend and commits Rs 554 cr to add 23.5 MSM tiles and double adhesive capacity.
Kajaria Ceramics approved its September 2026 quarter results and declared an interim dividend of Rs 12 per share, with record date October 29, 2026. It also approved three expansions: 12.5 MSM tiles at Srikalahasti for Rs 340 crore by June 2027, 11 MSM tiles at Gailpur for Rs 180 crore by April 2027, and a new 9000 MT per month tile adhesive plant at Durgapur for Rs 34 crore by December 2027. Both existing tile plants are running at 100% utilization, so the Rs 554 crore spend aims to serve southern, northern and eastern demand, funded by internal accruals and bank LCs.
Credit ratings
Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates
High safety
Rated AA by ICRA- No warnings from the agency.
| Agency | Current rating | Outlook | As of |
|---|---|---|---|
| ICRA | [ICRA]AA | Stable | 30 Jan 2026 |
| Rating | Details | |||||
|---|---|---|---|---|---|---|
| 30 Jan 2026 | Reaffirmed | [ICRA]AA | — | ICRA | ₹ 380 Cr. |
Research by Minerva Capital Research Solutions
Our research team's work on Kajaria CeramicsAlso covered in
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 24 Oct 2026 | Financial Results/Dividend | In terms of Regulation 29 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that a meeting of the Board of Directors ( Board ) of the Company is scheduled to be held on Saturday, October 24, 2026, to, inter-alia, consider and approve the Unaudited Financial Results of the Company for the quarter/half year ended September 30, 2026 and to consider declaration of Interim Dividend, if any, for the financial year 2026-27. |
| 31 Jul 2026 | Financial Results | In terms of Regulation 29 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that a meeting of the Board of Directors of the Company is scheduled to be held on Friday, July 31, 2026, to, inter-alia, consider and approve the Unaudited Financial Results of the Company for the quarter ended June 30, 2026. |
| 30 Apr 2026 | Financial Results/Dividend/Buyback | In terms of Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that a meeting of the Board of Directors of the Company is scheduled to be held on Thursday, April 30, 2026, inter-alia, to:a. consider and approve the Audited Financial Results of the Company for the quarter/year ended March 31, 2026;b. recommend dividend, if any;c. consider and if deem fit, to approve the proposal for Buyback of the equity shares of the Company, subject to obtaining all necessary statutory and regulatory approvals and to authorise all actions, matters related/incidental thereto. |
| 30 Jan 2026 | Financial Results | In terms of Regulation 29 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that a meeting of the Board of Directors of the Company is scheduled to be held on Friday, January 30, 2026, to, inter-alia, consider and approve the Unaudited Financial Results of the Company for the quarter ended December 31, 2025. |
| 16 Oct 2025 | Financial Results/Dividend | In terms of Regulation 29 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that a meeting of the Board of Directors ( Board ) of the Company is scheduled to be held on Thursday, October 16, 2025, to, inter-alia, consider and approve the Unaudited Financial Results of the Company for the quarter/half year ended September 30, 2025 and to consider declaration of Interim Dividend, if any, for the financial year 2025-26.We also wish to inform you that if the Board of the Company declares the said Interim Dividend at the above meeting, the Record Date for determining the entitlement of the members of the Company for the said Interim Dividend will be Friday, October 24, 2025. |
| 22 Jul 2025 | Financial Results | In terms of Regulation 29 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that a meeting of the Board of Directors of the Company is scheduled to be held on Tuesday, July 22, 2025, to, inter-alia, consider and approve the Unaudited Financial Results of the Company for the quarter ended June 30, 2025. |
Financials
Consolidated figures in ₹ crore.
| ₹ Cr. | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,152 | 1,208 | 1,096 | 1,179 | 1,156 | 1,222 | 1,103 | 1,186 | 1,168 | 1,373 | 1,328 | 1,468 |
| Expenses | 973 | 1,036 | 927 | 1,023 | 1,003 | 1,083 | 916 | 973 | 968 | 1,110 | 1,068 | 1,182 |
| Operating Profit | 178 | 172 | 169 | 156 | 152 | 138 | 187 | 213 | 200 | 263 | 260 | 287 |
| OPM % | 16% | 14% | 15% | 13% | 13% | 11% | 17% | 18% | 17% | 19% | 20% | 20% |
| Other Income | 11 | 15 | 5 | 10 | 4 | −11 | 12 | 15 | −28 | 9 | 18 | 17 |
| Interest | 5 | 5 | 3 | 5 | 7 | 6 | 5 | 6 | 6 | 6 | 5 | 5 |
| Depreciation | 39 | 42 | 42 | 41 | 40 | 43 | 44 | 42 | 42 | 42 | 42 | 43 |
| Profit before tax | 146 | 140 | 128 | 121 | 110 | 78 | 150 | 181 | 125 | 224 | 231 | 255 |
| Tax % | 26% | 25% | 28% | 29% | 28% | 44% | 26% | 26% | 31% | 30% | 26% | 25% |
| Net Profit | 108 | 104 | 92 | 86 | 79 | 43 | 110 | 134 | 86 | 157 | 171 | 191 |
| EPS in Rs | 6.54 | 6.43 | 5.64 | 5.29 | 4.88 | 2.67 | 6.84 | 8.35 | 5.51 | 9.78 | 10.64 | 12.06 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- 7%
- 5 Years
- 12%
- 3 Years
- 3%
- TTM
- 14%
- 10 Years
- 8%
- 5 Years
- 11%
- 3 Years
- 14%
- TTM
- 58%
- 10 Years
- 6%
- 5 Years
- −1%
- 3 Years
- −4%
- TTM
- —
- 10 Years
- 17%
- 5 Years
- 16%
- 3 Years
- 15%
- 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.
| Kajaria Ceramics | ₹ 1,116.00 | ₹ 17,896 Cr. | 31x | 6x | 18% | — |
| 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% |
| 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% |
| Borosil Renewables | ₹ 386.00 | ₹ 5,436 Cr. | 25.8x | 5.6x | 10.3% | 8.2% |
Management
- Ashok K. Kajaria
- Executive Chairman of the Board, Managing Director
- Chetan Kajaria
- Whole-Time Vice Chairman of the Board
- Sanjeev Agarwal
- Chief Financial Officer
- Vinit Kumar
- Compliance Officer, Company Secretary
- Rishi Kajaria
- Managing Director, Whole-Time Director
Prices are delayed and for information only. Nothing on this page is investment advice.