KAJARIACERConsumer Durables

Kajaria Ceramics Limited

Ceramics · ISIN INE217B01036 · BSE 500233 · NSE EQ · FV ₹1
Last price
₹1,160
+1.20%today
What this company does

Kajaria Ceramics Limited operates in Ceramics, part of the Consumer Durables sector. It booked ₹1,468 cr of revenue in its latest quarter (Q2 FY27) and kept 12.9% of sales as profit. It is the largest of 8 Ceramics companies we track, by market value.

64out of 100
Equitytale Health Score
Mixed

Healthier than 64% of companies in Consumer Durables, on all six measures of filed financials. Each measure is ranked against the 10–45 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
43

At close. Not part of the score.

Profitability & returns88

How much profit it earns on the money it employs

Balance sheet64

How much it owes, and whether earnings cover the interest

Cash quality86

Whether reported profit actually arrives as cash

Growth & consistency45

Whether sales and profit have grown, and how steadily

Valuation0

What today's price implies, against our models or its peers · lowest in its sector on what we could measure

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Is this company doing well?
not investment advice
Strengths
✓ Makes a profit
✓ Sales up 24% vs last year
✓ Profit up 43% vs last year
✓ Promoters hold 47%
✓ No promoter shares pledged
✓ Strong 25% return on equity
✓ Turns profit into real cash
Watch-outs
None flagged from our data

What if I invest in KAJARIACER?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 15% a year, it would become
₹26.30 lakh

The slider starts at 15%, taken from this company's own free-cash-flow trend. That is history, not a forecast — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹1,160▲ +1.20%
latest close · 2026-11-04
1-year return
-8.6%
52-wk low ₹88552-wk high ₹1,375
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio24.1Average
LowAverageHigh
P/B ratio6.08High
Below bookModerateHigh
EV / EBITDA15.4High
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity25.3%Strong
WeakFairStrong ▸15%
Return on capital31.4%Strong
WeakFairStrong
Net margin12.9%Decent
ThinDecentStrong
EBITDA margin20.5%Healthy
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.10Comfortable
LowModerateHigh ▸1
Interest cover48.8×Strong
RiskyOkayStrong ▸5×
Current ratio2.52Ample
Tight ◂1HealthyAmple
More figures
Market cap
₹18,217 cr
Book value
₹191
EPS
₹12.03
latest quarter
Net debt
₹292 cr
owes more than its cash
Enterprise value
₹18,509 cr
EBITDA
₹1,203 cr
annualised
EBIT
₹1,031 cr
annualised
Operating margin
17.6%
Return on assets
18.1%
Earnings yield
4.15%
P/S
3.10
Sales / share
₹373.8
Tax rate
25.4%
Face value
₹1
Shares
15.7 cr
Working capital
₹1,379 cr
Current assets
₹2,288 cr
Current liabilities
₹908 cr
Delivery %
59.7%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-11-04.

Worth vs price · from the exchange filings
not investment advice
Looks overpricedMedium confidence
Median of 3 models ₹465 vs market price ₹1,160 — price is 149% above it
Safety cushion-149.3%(target ≥ +20%)
Models span ₹244–₹597, midpoint ₹465
Model ₹465
Price ₹1,160
Cheap sideExpensive side

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q2 FY27 (consolidated)
Revenue from Operations₹1,468 cr
Other Income₹16 cr
Total Income₹1,484 cr
Cost of Materials₹288 cr
Purchases of Stock-in-Trade₹329 cr
Inventory Change (±)₹-12 cr
Employee Benefit Expense₹141 cr
Finance Costs₹5 cr
Depreciation & Amortisation₹43 cr
Other Expenses₹435 cr
Total Expenses₹1,230 cr
Exceptional Items₹-2 cr
Profit before Tax₹252 cr
Tax Expense₹64 cr
Share of JV / Associates₹3 cr
Net Profit₹191 cr
Net margin on total income12.9%
Where the money goes · Q2 FY27
% of total income
Materials + stock-in-trade₹606 cr40.8%
Employee benefit expense₹141 cr9.5%
Finance costs₹5 cr0.4%
Depreciation & amortisation₹43 cr2.9%
Other expenses₹435 cr29.3%
Tax expense₹64 cr4.3%
Profit for the period₹191 cr12.8%
Total income ₹1,484 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ4 FY26Q1 FY27Q2 FY27
Revenue1,373 cr1,328 cr1,468 cr
Total income1,386 cr1,345 cr1,484 cr
Expenses1,158 cr1,115 cr1,230 cr
Profit before tax224 cr230 cr252 cr
Tax67 cr60 cr64 cr
Net profit (owners' share)156 cr169 cr190 cr
Net margin (owners' share, on revenue)11.3%12.8%12.9%
EPS (₹)9.7810.6412.03
YoY (latest quarter): total income +23.5% · net profit +42.5%
Balance sheet & cash flow · as of Sep 2026
Low debt
Total assets
₹4,192 cr
Shareholder equity
₹2,997 cr
parent shareholders
Total debt
₹306 cr
Cash
₹14 cr
Cash flow · H1 FY27
Operating
₹371 cr
Investing
₹-123 cr
Financing
₹-290 cr
Peer comparison
Ceramics · by market value
CompanyPriceMarket capP/E
Kajaria Ceramics Limitedthis company₹1,146₹18,002 cr23.8
Somany Ceramics Limited₹553₹2,268 cr16.0
Nitco Limited₹74₹1,788 cr—
Asian Granito India Limited₹46₹1,350 cr56.9
Orient Bell Limited₹363₹534 cr16.0
Exxaro Tiles Limited₹6₹281 cr22.4
Murudeshwar Ceramics Limited₹27₹162 cr51.5
Regency Ceramics Limited₹29₹76 cr—
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
0.52%
trailing 12 months
Dividend / share (TTM)
₹6
Last dividend
₹6
ex 21 Sep 2026
ActionDetailEx-date
Dividend₹6 / share21 Sep 2026
BuybackBuy Back of Shares29 Jun 2026
Dividend₹8 / share24 Oct 2025
Dividend₹4 / share12 Sep 2025
Dividend₹5 / share4 Nov 2024
Dividend₹6 / share30 Aug 2024
Who owns it · 2026-09-30
No pledge
Promoter
46.7%
FII / Foreign
12.0%
DII / Domestic
26.1%
Retail / others
15.1%
Promoter stake down 0.8% over the last 12 quarters.
Smart-money activity
Insider trades
SoldRK Trustees Private Limited (in its capacity as sole trustee of Rishi Kajaria Family Private Trust) · Promoter Group10.00 L · ₹124.6 cr30 Sep 26
SoldCK Trustees Private Limited (in its capacity as sole trustee of Chetan Kajaria Family Private Trust) · Promoter Group5.00 L · ₹62.2 cr30 Sep 26
SoldVedant Kajaria · Promoter Group1.00 L · ₹11.9 cr29 Sep 26
Bulk / block deals
SoldPIONEER INVESTMENT FUND SCHEME II · NSE11.28 L @ ₹1,2118 Oct 26
BoughtPI OPPORTUNITIES AIF V LLP · NSE11.28 L @ ₹1,2118 Oct 26
SoldPIONEER INVESTMENT FUND SCHEME II · NSE11.28 L @ ₹1,2118 Oct 26
Stake changes
BoughtRishi Kajaria · promoter→ 1.26% · 1.80 L30 Sep 26
BoughtRishi Kajaria · promoter→ 1.26% · 1.80 L30 Sep 26
BoughtSBI Mutual fund under its Various Schemes→ 7.60% · 50.95 L31 Jul 25
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 15 Sep 2026
See the official result
1
To receive, consider and adopt the Audited Financial Statements of the Company (including Audited Consolidated Financial Statements) for the financial year ended March 31, 2026 and Reports of Board of Directors and Auditors thereon
Backed by 100% of shareholders other than promotersneeded 50%
5.28 cr votes for, 26 against · 0% of mutual funds and other big investors said no
2
To declare a final dividend of Rs. 6 per equity share
Backed by 100% of shareholders other than promotersneeded 50%
5.30 cr votes for, 19 against · 0% of mutual funds and other big investors said no
3
To appoint a Director in place of Mr. Chetan Kajaria (DIN: 00273928), who retires by rotation at this Annual General Meeting and being eligible has offered himself for re-appointment
Promoters had a personal stake in this
Backed by 99% of shareholders other than promotersneeded 50%
5.23 cr votes for, 6.71 L against · 1% of mutual funds and other big investors said no
4
To appoint a Director in place of Mr. Rishi Kajaria (DIN: 00228455), who retires by rotation at this Annual General Meeting and being eligible has offered himself for re-appointment
Promoters had a personal stake in this
Backed by 99% of shareholders other than promotersneeded 50%
5.23 cr votes for, 6.71 L against · 1% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 17 named members
owning 46.8% between them · as of 2026-09-30
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 KAJARIA1.26%
A. K. KAJARIA (HUF) (KARTA A K KAJARIA)1.25%
VERSHA DEVI KAJARIA1.16%
CHETAN KAJARIA0.92%
ASHOK KUMAR KAJARIA0.67%
Business done with them
FY2026 · 9 of the group
The company paid ₹11 cr to companies in the promoter group last year — about 0.2% of its ₹4,830 cr revenue.
Rishi Kajaria
Other payments to them · Desciption of nature of related party transaction is mentioned along with line item with foot note, if required.
also owns 1.26% of the company
₹2 cr
company paid
Versha Devi Kajaria
Other payments to them · Desciption of nature of related party transaction is mentioned along with line item with foot note, if required.
also owns 1.16% of the company
₹2 cr
company paid
Chetan Kajaria
Other payments to them · Desciption of nature of related party transaction is mentioned along with line item with foot note, if required.
also owns 0.92% of the company
₹2 cr
company paid
Ashok Kumar Kajaria
Other payments to them · Desciption of nature of related party transaction is mentioned along with line item with foot note, if required.
also owns 0.67% of the company
₹1 cr
company paid
Kartik Kajaria
Other payments to them · Desciption of nature of related party transaction is mentioned along with line item with foot note, if required.
also owns 0.29% of the company
₹1 cr
company paid
Shikha Kajaria
Other payments to them · Desciption of nature of related party transaction is mentioned along with line item with foot note, if required.
₹72 L
company paid
Rasika Kajaria
Other payments to them · Desciption of nature of related party transaction is mentioned along with line item with foot note, if required.
also owns 0.36% of the company
₹68 L
company paid
Parth Kajaria
Other payments to them · Desciption of nature of related party transaction is mentioned along with line item with foot note, if required.
also owns 0.29% of the company
₹54 L
company paid
Vedant Kajaria
Other payments to them · Desciption of nature of related party transaction is mentioned along with line item with foot note, if required.
also owns 0.22% of the company
₹54 L
company paid

The company also transacted with 22 other related parties — subsidiaries, joint ventures, directors and others — that we could not match by name to the promoter list above. Some may still be connected to the family; we only count the ones the filings let us match with certainty.

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.