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    Kajaria Ceramics Limited

    India's largest ceramic/vitrified tile maker; also makes sanitaryware, faucets and tile adhesives.

    Consumer Durables
    Consumer Discretionary
    View KAJARIACER earnings calls
    ₹1,239.5
    +9.30% from avg

    Overview

    Price

    ₹1,239.5

    Market Cap

    ₹19.0k Cr

    Sector

    Consumer Durables

    Consumer Discretionary

    Rank

    2

    Performance

    Financials

    Income Statement

    Financial Trajectories

    11
    Quarterly

    Balance Sheet

    Balance Sheet

    ₹ Cr · Annual
    Line itemFY20FY21FY22FY23FY24FY25FY26FY26
    LiabilitiesEquity Capital1616161616161616
    Reserves1.7k1.9k2.1k2.3k2.6k2.7k2.9k3.0k
    Borrowings166126165250239274290229
    Other Liabilities557530699751684737749735
    Total Liabilities2.4k2.5k3.0k3.3k3.5k3.8k4.0k4.0k
    AssetsFixed Assets1.2k1.2k1.1k1.4k1.6k1.7k1.7k1.7k
    CWIP27152638268109136119
    Investments1050218344039
    Other Assets1.2k1.3k1.6k1.8k1.8k1.9k2.1k2.2k
    Total Assets2.4k2.5k3.0k3.3k3.5k3.8k4.0k4.0k

    Valuation

    Assumptions

    Current — KAJARIACER
    Price
    ₹1,240
    EPS (TTM)
    ₹30.48
    PE (TTM)
    40.7
    Profit growth
    12.0%

    The Earnings Per Share over the last 12 months.

    %

    Your assumption of the company's expected yearly EPS growth (e.g., 6 for 6%).

    Pre-filled with the lower of median (51.3×) and current (40.7×) PE — the conservative anchor.

    %

    The annualized return you aim to achieve. We solve for the price that delivers it, then compare to today's price.

    Valuation

    Current price
    ₹1,240
    vs
    Fair value · 15% return
    ₹957
    23%Overvalued

    At 12% growth and a 41× exit, ₹1240 only delivers your return if you pay ₹957. The price is currently baking in 17% growth.

    EPS grows 12%/yr for 5 years, then fades to 6% over 2, exits at 41×.

    YearGrowthEPS (₹)
    FY2712.0%34.14
    FY2812.0%38.23
    FY2912.0%42.82
    FY3012.0%47.96
    FY3112.0%53.72
    FY329.0% ·fade58.55
    FY336.0% ·fade62.06

    Methodology: we discount normalized net profit as a proxy for owner earnings (an earnings-power approximation — not full free cash flow). Terminal growth is capped at 6% (≈ nominal GDP) regardless of the required return. This is an analytical tool, not investment advice.

    Learn to analyse Kajaria Ceramics Limited

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