Kajaria Ceramics Ltd - Stock Valuation and Financial Performance

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

Kajaria Ceramics Share Price

1,150 2.85 0.25%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on Kajaria Ceramics

Overall Rating
Bole Toh

1. Quality

2. Valuation

Fair

3. Price Trend

Kajaria Ceramics stock performance -

mw4me loader
P/E Ratio (CD):
43.06
Market Cap:
18,417.4 Cr.
52-wk low:
1,006.4
52-wk high:
1,522

Is Kajaria Ceramics Ltd an attractive stock to invest in?

1. Is Kajaria Ceramics Ltd a good quality company?

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

2. Is Kajaria Ceramics Ltd 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.

3. Is Kajaria Ceramics Ltd 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.

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

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'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 20.3%21.3%21.7%19.8%16.5%14.6%14.7%16.3%17.8%14.8%-
Value Creation
Index
0.50.60.60.50.20.10.10.20.30.1-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 1,8362,1872,4132,5502,7112,9562,8082,7813,7054,3824,542
Sales YoY Gr.-19.1%10.4%5.6%6.3%9.1%-5%-1%33.2%18.3%-
Adj EPS 8.311.114.815.914.814.716.119.723.721.926.9
YoY Gr.-34.6%32.6%8.1%-7.3%-0.7%9.5%22.2%20.7%-7.5%-
BVPS (₹) 33.346.660.973.884.598.6107.5117.2133.2145.6164
Adj Net
Profit
125177235253235233256313378349428
Cash Flow from Ops. 166180316338238317224509426296-
Debt/CF from Ops. 1.41.40.90.60.70.40.60.20.30.7-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 10.2%10.1%16%18.3%
Adj EPS 11.5%8.2%10.9%-7.5%
BVPS17.8%11.5%10.7%9.3%
Share Price 20.7% 14.3% 8.5% 11.2%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
2827.827.423.618.61615.517.518.915.717.4
Op. Profit
Mgn %
15.616.319.219.616.915.414.918.516.513.515.5
Net Profit
Mgn %
7.28.59.9108.48911.310.389.4
Debt to
Equity
0.50.30.30.20.10.10.10.10.10.1-
Working Cap
Days
8689105107111113125116959964
Cash Conv.
Cycle
2728303764697670555738

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 17.40%

Sales growth is growing at healthy rate in last 3 years 15.99%

Net Profit is growing at healthy rate in last 3 years 10.90%

Sales growth is not so good in last 4 quarters at 6.14%

Latest Financials - Kajaria Ceramics Ltd.

Standalone Consolidated
TTM EPS (₹) 24 26.9
TTM Sales (₹ Cr.) 4,090 4,542
BVPS (₹.) 161.2 164
Reserves (₹ Cr.) 2,551 2,595
P/BV 7.17 7.05
PE 48.16 43.06
From the Market
52 Week Low / High (₹) 1006.40 / 1522.00
All Time Low / High (₹) 1.41 / 1522.00
Market Cap (₹ Cr.) 18,417
Equity (₹ Cr.) 15.9
Face Value (₹) 1
Industry PE 41.4

Management X-Ray of Kajaria Ceramics:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Kajaria Ceramics

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales1,8362,1872,4132,5502,7112,9562,8082,7813,7054,382
Operating Expenses 1,5511,8331,9562,0532,2542,5072,3922,2723,0953,790
Manufacturing Costs5206747046857868938086261,0481,399
Material Costs7137507548058851,0089901,1451,3991,626
Employee Cost 171207252289318345357325408461
Other Costs 146201246275266261237177239304
Operating Profit 286354457496456449416509611592
Operating Profit Margin (%) 15.6%16.2%19.0%19.5%16.8%15.2%14.8%18.3%16.5%13.5%
Other Income 271015111824212834
Interest 41293434241620111322
Depreciation 475673818989108107115133
Exceptional Items 0-6001-5000-8
Profit Before Tax 199270361396355358312413510462
Tax 688512514212712959104127116
Profit After Tax 131185236254229229254309383346
PAT Margin (%) 7.2%8.5%9.8%10.0%8.4%7.7%9.0%11.1%10.3%7.9%
Adjusted EPS (₹)8.211.114.515.914.814.316.119.423.721.6
Dividend Payout Ratio (%)21%18%17%19%20%21%19%52%46%42%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 5047419681,1721,3461,5701,7091,8652,1212,318
Share Capital 15161616161616161616
Reserves 4897259521,1571,3301,5541,6931,8492,1052,302
Minority Interest41627676666664656578
Debt1942222531711359511797126203
Long Term Debt8596142116593122312452
Short Term Debt1091261105576639666102152
Trade Payables152242293268258309239207298310
Others Liabilities 342366429353335332308291377419
Total Liabilities 1,2331,6332,0192,0402,1402,3722,4372,5252,9863,328

Fixed Assets

Gross Block1,0241,2451,5411,6621,6951,6761,8781,9491,9762,302
Accumulated Depreciation333385421485550598683756827855
Net Fixed Assets6928601,1211,1771,1451,0781,1951,1921,1501,447
CWIP 4178881893271526382
Investments 00000010502
Inventories193303384372378406513373466565
Trade Receivables165207274339451475397432513601
Cash Equivalents 611225282252225443424394
Others Assets1371742119266677166169238
Total Assets 1,2331,6332,0192,0402,1402,3722,4372,5252,9863,328

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 166180316338238317224509426296
PBT 199270361396355358312413510462
Adjustment 8385112119111104111107106145
Changes in Working Capital -15-66-53-48-101-12-9987-62-185
Tax Paid -65-80-103-129-128-133-100-98-129-126
Cash Flow From Investing Activity -151-263-267-140-137-261-90-296-298-184
Capex -152-265-269-142-138-114-121-101-263-208
Net Investments 00000012-202-4632
Others 12231-14719811-7
Cash Flow From Financing Activity -1387-39-168-72-114-140-205-120-135
Net Proceeds from Shares 757512-3100551
Net Proceeds from Borrowing -41146-27-23-38-250-81
Interest Paid 00-34-34-24-16-15-7-9-17
Dividend Paid -22-26-38-49-47-57-115-159-127-143
Others -6228-23-5621-314-441923
Net Cash Flow 25103030-58-697-23
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)30.3729.727.6323.7118.1815.7215.4817.2919.2115.6
ROCE (%)33.2634.2535.1432.4326.1123.2718.7822.2324.7920.26
Asset Turnover Ratio1.741.691.481.411.331.311.171.171.41.45
PAT to CFO Conversion(x)1.270.971.341.331.041.380.881.651.110.86
Working Capital Days
Receivable Days28283339525757524545
Inventory Days37374648494860564041
Payable Days81961291279792101716668

Kajaria Ceramics Ltd Stock News

Kajaria Ceramics Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Kajaria Ceramics on 28-Mar-2024 16:01 is ₹1,150.
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 28-Mar-2024 16:01 the market cap of Kajaria Ceramics stood at ₹18,417.4.
The latest P/E ratio of Kajaria Ceramics as of 28-Mar-2024 16:01 is 48.16.
The latest P/B ratio of Kajaria Ceramics as of 28-Mar-2024 16:01 is 7.17.
The 52-week high of Kajaria Ceramics is ₹1,522 and the 52-week low is ₹1,006.4.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Kajaria Ceramics is ₹4,090 ( 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.
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