Is Kajaria Ceramics a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Kajaria Ceramics Ltd is a good quality company .

Is Kajaria Ceramics undervalued or overvalued?

The key valuation ratios of Kajaria Ceramics Ltd's currently when compared to its past seem to suggest it is in the Fair zone .

What is Kajaria Ceramics share price return in the past 10 years?

Kajaria Ceramics Ltd share price has appreciated 14.2% annually (CAGR) over the past ten years.

Is Kajaria Ceramics a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Kajaria Ceramics Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

Kajaria Ceramics Ltd - Stock Valuation and Financial Performance

Name: Kajaria Ceramics
Brand: Kajaria Ceramics

BSE: 500233 | NSE: KAJARIACER | Ceramics/Marble/Granite/Sanitaryware | Small Cap

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Kajaria Ceramics Share Price

₹1,140 -26.10 -2.24%
as on 21-Nov'24 16:59

10 Year X-Ray of Kajaria Ceramics:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis ^P

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
ROCE % ⓘ	34.4%	35.1%	32.4%	26.1%	23.2%	18.8%	22.2%	24.8%	20.3%	22.4%	-
Value Creation Index ⓘ	1.6	1.6	1.4	0.9	0.7	0.4	0.7	0.8	0.5	1.0	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	2,187	2,413	2,550	2,711	2,956	2,808	2,781	3,705	4,382	4,578	4,686
Sales YoY Gr.	-	10.4%	5.6%	6.3%	9.1%	-5%	-1%	33.2%	18.3%	4.5%	-
Adj EPS ⓘ	11.1	14.8	15.9	14.8	14.7	16.1	19.7	23.7	21.9	26.1	23.9
YoY Gr.	-	33.5%	8.1%	-7.2%	-0.7%	9.5%	22.2%	20.7%	-7.6%	19.2%	-
BVPS (₹) ⓘ	46.6	60.9	73.8	84.7	98.7	107.5	117.2	133.2	145.6	163.3	169.5
Adj Net Profit ⓘ	176	235	253	235	233	256	313	378	349	416	381
Cash Flow from Ops. ⓘ	180	316	338	238	317	224	509	426	296	602	-
Debt/CF from Ops. ⓘ	1.4	0.9	0.6	0.7	0.4	0.6	0.2	0.3	0.7	0.3	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	8.6%	9.1%	18.1%	4.5%
Adj EPS ⓘ	10%	12.2%	9.9%	19.2%
BVPSⓘ	14.9%	10.6%	11.7%	12.1%
Share Price	14.2%	17%	-0.9%	-10.1%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Return on Equity % ⓘ	27.6	27.4	23.6	18.6	16	15.5	17.5	18.9	15.7	16.8	14.4
Op. Profit Mgn % ⓘ	16.3	19.2	19.6	16.9	15.4	14.9	18.5	16.5	13.5	15.3	14.4
Net Profit Mgn % ⓘ	8.5	9.9	10	8.4	8	9	11.3	10.3	8	9.3	8.1
Debt to Equity ⓘ	0.3	0.3	0.2	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0
Working Cap Days ⓘ	89	105	107	111	114	119	116	95	99	100	65
Cash Conv. Cycle ⓘ	28	30	37	64	73	78	74	55	57	60	40

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 18.08%

Return on Equity has declined versus last 3 years average to 14.40%

Net Profit has been subdued in last 3 years 9.94%

Sales growth is not so good in last 4 quarters at 4.59%

Latest Financials - Kajaria Ceramics Ltd.

	Standalone	Consolidated
TTM EPS (₹)	23.2	23.9
TTM Sales (₹ Cr.)	4,193	4,686
BVPS (₹.) ⓘ	167	169.5
Reserves (₹ Cr.) ⓘ	2,643	2,684
P/BV ⓘ	6.98	6.88
PE ⓘ	50.24	48.78

From the Market
52 Week Low / High (₹)	1110.95 / 1578.25
All Time Low / High (₹)	1.41 / 1578.25
Market Cap (₹ Cr.)	18,573
Equity (₹ Cr.)	15.9
Face Value (₹)	1
Industry PE ⓘ	42.2

Management X-Ray of Kajaria Ceramics:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of Kajaria Ceramics

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Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of Kajaria Ceramics

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Sales	2,187	2,413	2,550	2,711	2,956	2,808	2,781	3,705	4,382	4,578
Operating Expenses ⓘ	1,833	1,956	2,053	2,254	2,507	2,392	2,272	3,095	3,790	3,879
Manufacturing Costs	674	704	685	786	893	808	626	1,048	1,399	1,204
Material Costs	750	754	805	885	1,008	990	1,145	1,399	1,626	1,825
Employee Cost	207	252	289	318	345	357	325	408	461	505
Other Costs ⓘ	201	246	275	266	261	237	177	239	304	345
Operating Profit ⓘ	354	457	496	456	449	416	509	611	592	700
Operating Profit Margin (%)	16.2%	19.0%	19.5%	16.8%	15.2%	14.8%	18.3%	16.5%	13.5%	15.3%
Other Income ⓘ	9	10	15	11	18	24	21	28	34	46
Interest ⓘ	31	34	34	24	16	20	11	13	22	21
Depreciation ⓘ	56	73	81	89	89	108	107	115	133	148
Exceptional Items ⓘ	-6	0	0	1	-5	0	0	0	-8	0
Profit Before Tax ⓘ	270	361	396	355	358	312	413	510	462	576
Tax ⓘ	85	125	142	127	129	59	104	127	116	143
Profit After Tax	185	236	254	229	229	254	309	383	346	432
PAT Margin (%)	8.5%	9.8%	10.0%	8.4%	7.7%	9.0%	11.1%	10.3%	7.9%	9.4%
Adjusted EPS (₹)	11.1	14.5	15.9	14.8	14.3	16.1	19.4	23.7	21.6	26.5
Dividend Payout Ratio (%)	18%	17%	19%	20%	21%	19%	52%	46%	42%	45%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Shareholders Fund	741	968	1,172	1,346	1,570	1,709	1,865	2,121	2,318	2,601
Share Capital ⓘ	16	16	16	16	16	16	16	16	16	16
Reserves ⓘ	725	952	1,157	1,330	1,554	1,693	1,849	2,105	2,302	2,585
Minority Interest	62	76	76	66	66	64	65	65	78	59
Debt	222	253	171	135	95	117	97	126	203	161
Long Term Debt	96	142	116	59	31	22	31	24	52	63
Short Term Debt	126	110	55	76	63	96	66	102	152	98
Trade Payables	242	293	268	258	309	239	207	298	310	293
Others Liabilities ⓘ	366	429	353	335	332	308	291	377	419	424
Total Liabilities ⓘ	1,633	2,019	2,040	2,140	2,372	2,437	2,525	2,986	3,328	3,539
Fixed Assets
Gross Block	1,245	1,541	1,662	1,695	1,676	1,878	1,949	1,976	2,287	2,563
Accumulated Depreciation	385	421	485	550	598	683	756	827	840	925
Net Fixed Assetsⓘ	860	1,121	1,177	1,145	1,078	1,195	1,192	1,150	1,447	1,638
CWIP ⓘ	78	8	8	18	93	27	15	263	82	68
Investmentsⓘ	0	0	0	0	0	10	5	0	2	18
Inventories	303	384	372	378	406	513	373	466	565	532
Trade Receivables	207	274	339	451	475	397	432	513	601	619
Cash Equivalents	11	22	52	82	252	225	443	424	394	514
Others Assetsⓘ	174	211	92	66	67	71	66	169	238	149
Total Assets ⓘ	1,633	2,019	2,040	2,140	2,372	2,437	2,525	2,986	3,328	3,539

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	180	316	338	238	317	224	509	426	296	602
PBT ⓘ	270	361	396	355	358	312	413	510	462	576
Adjustment ⓘ	85	112	119	111	104	111	107	106	147	138
Changes in Working Capital ⓘ	-66	-53	-48	-101	-12	-99	87	-62	-187	26
Tax Paid ⓘ	-80	-103	-129	-128	-133	-100	-98	-129	-126	-138
Cash Flow From Investing Activity ⓘ	-263	-267	-140	-137	-261	-90	-296	-298	-184	-298
Capex	-265	-269	-142	-138	-114	-121	-101	-263	-208	-278
Net Investments	0	0	0	-1	-228	12	-202	-46	32	-4
Others ⓘ	2	2	3	2	81	19	8	11	-7	-15
Cash Flow From Financing Activityⓘ	87	-39	-168	-72	-114	-140	-205	-120	-135	-216
Net Proceeds from Shares ⓘ	75	12	0	1	0	0	5	5	1	1
Net Proceeds from Borrowing ⓘ	11	46	-27	-23	-38	-25	0	-8	-3	11
Interest Paid ⓘ	0	-34	-34	-24	-16	-15	-7	-9	-21	-20
Dividend Paid ⓘ	-26	-38	-49	-47	-57	-115	-159	-127	-143	-143
Others ⓘ	28	-23	-58	21	-3	14	-44	19	31	-65
Net Cash Flow ⓘ	5	10	30	30	-58	-6	9	7	-23	88

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	29.7	27.63	23.71	18.15	15.69	15.47	17.29	19.21	15.6	17.57
ROCE (%)	34.44	35.14	32.43	26.08	23.23	18.77	22.23	24.79	20.26	22.42
Asset Turnover Ratio	1.69	1.48	1.41	1.33	1.31	1.23	1.17	1.4	1.45	1.39
PAT to CFO Conversion(x)	0.97	1.34	1.33	1.04	1.38	0.88	1.65	1.11	0.86	1.39
Working Capital Days
Receivable Days	28	33	39	52	57	54	52	45	45	47
Inventory Days	37	46	48	49	48	57	56	40	41	42
Payable Days	96	129	127	97	82	83	71	66	68	60

Kajaria Ceramics Ltd Stock News

Kajaria Ceramics Ltd FAQs

What is the share price of Kajaria Ceramics?

Company share prices are keep on changing according to the market conditions. The closing price of Kajaria Ceramics on 21-Nov-2024 16:59 is ₹1,140.

What is the market cap of Kajaria Ceramics?

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 21-Nov-2024 16:59 the market cap of Kajaria Ceramics stood at ₹18,572.7.

What is the P/E ratio of Kajaria Ceramics?

The latest P/E ratio of Kajaria Ceramics as of 21-Nov-2024 16:59 is 50.24.

What is the P/B ratio of Kajaria Ceramics?

The latest P/B ratio of Kajaria Ceramics as of 21-Nov-2024 16:59 is 6.98.

What is the 52-week high and low of Kajaria Ceramics?

The 52-week high of Kajaria Ceramics is ₹1,578.3 and the 52-week low is ₹1,111.

What is the TTM revenue of Kajaria Ceramics?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Kajaria Ceramics is ₹4,193 ( Cr.) .

About Kajaria Ceramics Ltd

Kajaria Ceramics Limited is the largest manufacturer of ceramic and vitrified tiles in India. Equipped with cutting-edge technology, the company strive to deliver quality products and services to its customers. Its team of experts work around the clock to ensure that the quality of its product is never compromised.

In order to cater to the specific needs of its customers, the company produces various categories of tiles, including kitchen tiles, bathroom tiles, wall tiles, floor tiles and exterior wall tiles. It aims at producing tiles that complement the distinctive style of its customers and cater to the vast needs of Indian audience. All of its tiles are crafted with intense care using state-of-the-art technology to ensure that it live up to the expectations of its buyers. Choicest of materials are used to produce the company’s magnificent range of products.

The company’s mesmerizing range of designer bathroom & kitchen floor and wall tiles have a luxurious appeal and seem to have been struck with afflatus. The premier collection is a showstopper and has the ability to make any dimension look grand. Every single piece of tile from the company’s range of designer bathroom & kitchen floor and wall tiles has a compelling aura. The matt finish tiles for kitchen from company’s collection fit perfectly with modern day designs while its rustic kitchen wall tiles blend easily with every surrounding.

Business area of the company

The company is the leader in the Indian tile industry. It has a manufacturing presence across regions. The company’s presence straddles across the entire tile value chain - ceramic wall and floor tiles, polished and glazed vitrified tiles -- providing customers with the widest choice in tiles across all price points.

Products:

Bathroom Tiles
Kitchen Tiles
Wall Tiles
Floor Tiles
Vitrified Tiles
Ceramic Tiles
Polished Vitrified Tiles
Eternity - Glazed Vitrified Tiles

Certifications

ISO - 9001:2008: For implementing a Quality Management System for the Manufacture and Supply of Ceramic Tiles.
OHSAS-18001: For implementing an Occupational Health & Safely Management System for the Manufacturing of Ceramic Tiles.
SA-8000: For implementing of Social Accountability Standards for the Manufacturing of Ceramic Tiles.
ISO-14001: For implementing an Environmental Management system for the Manufacturing of Ceramic Tiles.
ISO-22000:2005: For implementing a Food Safety Management System for the Manufacturing of Ceramic Tiles.
ISO-50001:2011: For Establishing, Implementing, Maintaining and Improving an Energy Management System for a systematic approach in achieving continual improvement of energy performance.