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Kajaria Ceramics Ltd Stock Analysis

Mid Cap
Evaluated by 3452 users | BSE: 500233 | NSE: KAJARIACER |
Ceramics/Marble/Granite/Sanitaryware

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...

1. Right Stock
Very Good
2. Right Price
3. Right Time

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Kajaria Ceramics Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good
Value Creation
Value Creation Index Colour Code Guide
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Capital Employed 16.6%21.49%21.65%20.31%21.29%21.66%19.75%16.5%14.59%14.69%
Value Creation Index 0.541.001.010.890.981.010.840.530.360.37
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 9531,3131,5831,8362,1872,4132,5502,7112,9562,808
Y-o-Y Gr. Rt.-37.7%20.6%16%19.1%10.4%5.6%6.3%9.1%-5%
Adjusted EPS (Rs.) 4.25.577.198.2611.1214.7515.9414.7814.6816.08
Y-o-Y Gr. Rt.-32.6%29.1%14.9%34.6%32.6%8.1%-7.3%-0.7%9.5%
Book Value per Share (Rs.) 15.1219.1724.5233.3446.6360.9473.7884.4798.61107.47
Adjusted Net Profit 61.781.9106125177235253235233256
Net Op. Cash Flow (Rs. Cr.) 15990.997.6166180316338238317224
Debt to Cash Flow from Ops 1.813.063.281.421.350.930.630.720.380.57
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
Kajaria Ceramics Ltd. should be analysed on a Consolidated basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales 12.8%5.1%3.3%-5%
Adjusted EPS 16.1%7.7%0.3%9.5%
Book Value per Share 24.418.213.49
Share Price 28.7% 11.5% 16.3% 141.3%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Equity (%) 33.8232.4732.928.0427.8327.3823.618.615.9615.54
Operating Profit Margin (%) 15.7815.8315.6215.6116.2519.1419.6216.8815.3914.86
Net Profit Margin (%) 6.486.316.897.198.519.919.988.437.979.04
Debt to Equity 1.290.990.890.470.330.30.180.130.080.08
Working Capital Days 10293898689105107111113125
Cash Conversion Cycle 28152427283037646976
Corporate Governance What do we look at?
Corporate Governance
Board Credentials
Promoter's holding
Transparency
Integrity
Entity Percentage Holding
Promoters 47.54%
Institutions 39.71%
Non-Institutions 12.75%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

MoneyWorks4Me analysed the past 10-year performance of Kajaria Ceramics Ltd and arrived at the following conclusion:

Past 10 year's financial track record indicates that Kajaria Ceramics Ltd is a good quality company. However, for specific investment actions please connect with your investment advisor.

The 5-year analysis of Kajaria Ceramics Ltd's performance infers:

Kajaria Ceramics Ltd earnings have grown by 7.7%, whereas share price has appreciated 11.5% CAGR over the past five years, indicating the company's share price is likely overvalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of Kajaria Ceramics Ltd share prices over the last 10 years. Here is what we found out:

Kajaria Ceramics Ltd share price has appreciated 36.3% annually over the past ten years.

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

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.
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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