Kajaria Ceramics Ltd

NSE: KAJARIACER · Ceramics · sector

₹1,118.40NSE close 2026-10-26

Key numbers

Market cap₹17,816 cr

Price₹1,118.40

52w high / low₹1,275 / ₹870

P/E32.6xSector median 28.7x

P/B5.8xSector median 1.6x

Book value₹192.4

Dividend yield1.07%Sector median 0.81%

ROE18.8%Sector median 4.6%

ROCE24.5%Sector median 5.0%

OPM17.7%Sector median 7.3%

Debt / equity0.04xSector median 0.29x

EV/EBITDA19.2xSector median 12.0x

Interest cover34.9x

Current ratio2.97x

Sales growth 3y+3.3%Sector median +5.9%

Profit growth 3y+12.1%Sector median +4.3%

PEG2.70x

Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 11 companies in Ceramics (P/E median leaves out loss-making companies). Tap ? for what a number means.

Things to know

Cash ₹755 cr vs borrowings ₹130 cr (FY26): cash is higher (net cash).
Operating profit covered interest 34.9x in the last 12 months.
No promoter shares are pledged.
Promoter holding fell by 0.87 percentage points in a year, to 46.74% (2026-09-30).
Operating cash flow was below net profit in 1 of the last 5 years (FY23).
Revenue was higher than a year earlier in 4 of the last 4 quarters.
Other income was 10% of net profit in the last 12 months.
Dividend paid in 5 of the last 5 financial years.
Price ₹1,118.40 on 2026-10-26: -12.3% from the 52-week high, +28.6% from the 52-week low.

Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.

Charts

Weekly close · high ₹1,510.70 · low ₹779.45

Quarterly results

₹ cr	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Revenue	1,179	1,164	1,222	1,103	1,186	1,168	1,373	1,328
EBITDA	159	149	138	187	213	162	259	260
OPM %	13.5%	12.8%	11.3%	16.9%	18.0%	13.8%	18.9%	19.6%
Other income	10	11	12	13	15	12	12	17
Net profit	84	78	43	109	133	88	156	169
EPS (₹)	5.29	4.88	2.67	6.84	8.35	5.51	9.78	10.64
Revenue YoY					+0.6%	+0.4%	+12.4%	+20.4%
Profit YoY					+57.8%	+12.8%	+266.3%	+55.5%

Consolidated figures where filed. Latest quarter Jun 2026.

Profit & loss (yearly)

₹ cr	FY22	FY23	FY24	FY25	FY26	TTM
Revenue	3,705	4,382	4,578	4,635	4,830	5,056
EBITDA	611	584	700	626	822	894
Net profit	377	344	422	294	485	546
EPS (₹)	23.69	21.64	26.51	18.48	30.48	34.28
Revenue growth		+18.3%	+4.5%	+1.2%	+4.2%	+8.3%
Profit growth		-8.6%	+22.5%	-30.3%	+64.9%	+74.1%
Dividend / share (₹)	8.00	9.00	9.00	11.00	12.00

Compounded growth	3 years	5 years	Last 12 months
Sales	+3.3%	+11.7%	+8.3%
Net profit	+12.1%	+9.5%	+74.1%
EPS	+12.1%	+9.5%	–
Share price	–	-6.3% (2y)	-2.3%

Balance sheet

₹ cr	FY22	FY23	FY24	FY25	FY26
Shareholders' equity	–	2,327	2,617	2,744	3,066
Borrowings	–	209	171	176	130
Cash & equivalents	–	394	514	583	755
Total assets	–	3,331	3,543	3,756	4,029
Fixed assets	–	1,370	1,534	1,584	1,535
Capital work in progress	–	82	68	109	119
Investments	–	2	0	4	4
Receivables	–	601	619	570	628
Inventory	–	565	532	618	551
Payables	–	310	293	338	320

Year-end figures from the March annual filing.

Cash flow

₹ cr	FY22	FY23	FY24	FY25	FY26
Cash from operations	426	296	602	501	667
Cash from investing	-298	-184	-298	-372	-336
Cash from financing	-120	-135	-216	-209	-293
Capex	269	232	300	221	127
Free cash flow	157	64	301	280	539

Free cash flow = cash from operations − capex.

Ratios by year

₹ cr	FY22	FY23	FY24	FY25	FY26
ROE %	–	14.8%	16.1%	10.7%	15.8%
ROCE %	–	19.1%	21.5%	17.2%	22.1%
Debtor days	–	50	49	45	47
Inventory days	–	114	98	115	97
Payable days	–	63	54	63	56
Cash conversion cycle (days)	–	101	93	97	88
Working capital days	–	75	87	87	99

Shareholding

Holder	% (2026-09-30)
Promoters	46.74%
FIIs	12.04%
DIIs	26.09%
of which Mutual funds	21.45%
of which Insurance	0.80%
Government	0.00%
Public (non-institutions)	15.12%

Quarter	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Promoters %	47.48%	47.48%	47.48%	47.61%	47.69%	47.69%	47.69%	46.74%

Promoter group	%
RK Trustees Private Limited (In ITS Capacity AS Sole Trustee of Rishi Kajaria Family Private Trust)	16.46%
CK Trustees Private Limited (In ITS Capacity AS Sole Trustee of Chetan Kajaria Family Private Trust)	15.32%
VK Trustees Private Limited (In ITS Capacity AS Sole Trustee of Versha Kajaria Family Private Trust)	8.23%
Rishi Kajaria	1.26%
A. K. Kajaria (HUF) (Karta A K Kajaria)	1.25%
Versha Devi Kajaria	1.16%
Chetan Kajaria	0.92%
Ashok Kumar Kajaria	0.67%
Rasika Kajaria	0.36%
Kartik Kajaria	0.29%
Parth Kajaria	0.29%
ChetanKajariaAndRasikaKajaria(InTheirCapacityAsJointTrusteesOfRaghavKajariaFamilyPrivateTrust)	0.29%
Vedant Kajaria	0.22%
Chetan Kajaria (HUF) (Karta Chetan Kajaria)	0.03%
Rishi Kajaria (HUF) (Karta Rishi Kajaria)	0.00%

Public holders above 1%	%
SBI Elss TAX Saver Fund	6.55%
Kotak Balanced Advantage Fund	3.71%
Franklin India MID CAP Fund	2.20%
Nippon Life India Trustee Ltd - A/C Nippon India Multi CAP Fund	2.04%
HSBC Mutual Fund - HSBC Flexi CAP Fund	1.81%
UTI Children's Equity Fund	1.69%
Smallcap World Fund, INC	1.68%
Clarus Capital I	1.10%
Mahindra Manulife Business Cycle Fund	1.04%

86,701 shareholders. Pledged: 0.00% of promoter shares.

Peers in Ceramics

Company	Market cap	P/E	P/B	ROE	ROCE	OPM	Sales 3y	Div yield
KAJARIACER	₹17,816 cr	32.6x	5.8x	18.8%	24.5%	17.7%	+3.3%	1.07%
VARMORA	₹2,780 cr	–	2.4x	–	–	–	–	–
SOMANYCERA	₹2,272 cr	21.4x	2.7x	13.2%	17.7%	9.9%	+4.0%	0.54%
NITCO	₹1,642 cr	–	4.5x	-9.4%	-2.8%	-7.3%	+12.2%	–
ASIANTILES	₹1,368 cr	60.7x	0.9x	0.9%	2.2%	4.7%	+5.9%	–
ORIENTBELL	₹524 cr	24.8x	1.6x	6.5%	8.6%	6.6%	-0.7%	0.14%
EXXARO	₹280 cr	69.5x	1.0x	1.5%	4.7%	7.9%	-1.3%	–
MURUDCERA	₹151 cr	15.4x	0.4x	2.6%	5.2%	15.8%	+6.0%	2.00%
MCPL	₹93 cr	7.2x	0.8x	11.3%	20.1%	12.1%	–	–
RESTILE	₹83 cr	76.5x	–	–	-2.1%	4.2%	+41.9%	–

All 11 companies in Ceramics →

Business segments (FY26)

Segment	Revenue	Share	EBIT	Margin
Tiles	₹4,280 cr	88.6%	₹651 cr	15.2%
others*	₹550 cr	11.4%	₹44 cr	8.1%

Dividends & corporate actions

Ex-date	Action	Detail
2026-09-21	Dividend	Dividend - Rs 6 Per Share
2026-06-29	Buyback	Buy Back
2025-10-24	Dividend	Interim Dividend - Rs 8 Per Share
2025-09-12	Dividend	Dividend - Rs 4 Per Share
2024-11-04	Dividend	Interim Dividend - Rs 5 Per Share
2024-08-30	Dividend	Annual General Meeting/Dividend - Rs 6 Per Share
2023-11-02	Dividend	Interim Dividend - Rs 6 Per Share
2023-09-05	Dividend	Annual General Meeting/Dividend - Rs 3 Per Share
2023-02-08	Dividend	Interim Dividend - Rs 6 Per Share
2022-09-15	Dividend	Annual General Meeting/Dividend - Rs 3 Per Share
2021-11-02	Dividend	Interim Dividend - Rs 8 Per Share
2021-09-20	Other	Annual General Meeting
2021-02-02	Dividend	Interim Dividend - Rs 10 Per Share
2020-09-18	Other	Annual General Meeting
2020-02-18	Dividend	Interim Dividend - Rs 3 Per Share
2019-08-16	Dividend	Annual General Meeting/Dividend - Rs 3 Per Share
2018-08-16	Dividend	Annual General Meeting/Dividend Rs - 3 Per Share
2017-08-03	Dividend	Annual General Meeting/Dividend - Rs 3 Per Share
2016-10-04	Split	Face Value Split From Rs 2 To Re 1
2016-08-12	Dividend	Annual General Meeting/ Dividend - Rs 5/- Per Share

Documents

Links go to the original files on the exchange website.

About the company

Tiles: Manufacturing and trading of ceramic and vitrified tiles
Others including bath ware, sanitaryware, plywood products and tiles adhesives: Manufacturing and trading of sanitaryware and faucet and trading of plywood, laminates and tile adhesives


Sector	Consumer Discretionary
Industry	Ceramics
Sub-industry	Ceramics
Symbol	KAJARIACER
BSE code	500233
ISIN	INE217B01036
Face value	₹1.0
Incorporated	1985-12-20
Website	www.kajariaceramics.com
Plants (India / abroad)	12 / 1

From the company's filings (BRSR FY26).

Data built 2026-10-22 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.