āagman

Not investment advice. Data and computed figures, for information only.

Kajaria Ceramics Ltd

NSE: KAJARIACER
₹1,211.00
−₹4.00 (−0.33%)
NSE · 16 Oct 2026, close
NSE
As of 31 Mar 2026
Market Cap
₹19,099 Cr
CMP
₹1,211.00
52-wk High / Low
₹1,294 / 870
P/E
33.1
P/B
6.3
Book Value
₹192.0
Div Yield
1.15%
ROCE
23.0%
ROE
17.9%
Face Value
₹1
D/E
0.07

Price−4.0% over 1Y

āagman read

Computed by āagman
Derived from 12 years and 13 quarters of filings. Not reported by the company.
As of 16 Oct 2026
How we compute these
Piotroski F-Score
7
/ 9
7 of 9 F-score tests passed
Graham Number
₹363
√(22.5 × EPS × book value per share)
ROIC
15.2%
vs 12.3% sector median
Cash flow to profit
1.36
CFO / PAT
Above 1.0 = operating cash flow exceeded reported profit
Margin change
+262
bps OPM YoY
Operating margin vs the same quarter last year
Sustainable growth
11.1%
ROE × earnings retention ratio
ROE stability
2.4
pp σ
Standard deviation of ROE across periods. Lower = more stable
Holder deltas
QoQ
pp
Prom +0.00FII +1.35DII −1.23
Latest quarter vs the previous one
Cash-accrual divergence
−4.5%
of assets
Low = accruals track cash flow
Strengths
+Price trades above its 200-day moving average (1.1x)
+Price is within 10% of its 52-week high (-6.4%)
+Promoter holding rose by 0.2pp over the last year
+Piotroski F-Score of 7/9 is in the strong band (≥7)
+PE of 33.1x is below the sector median of 38.5x
Watch-outs

Peer comparison

Peers
NameP/EMar Cap ₹ CrROCE %ROE %

Quarterly results

Consolidated basis (as filed) · ₹ Cr · 13 quarters
As of 30 Jun 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales1,0641,1221,1521,2081,0961,1791,1561,2221,1031,1861,1681,3731,328
Expenses8959429731,0369271,0231,0031,0839169739681,1101,068
Operating Profit169179178172169156152138187213200263260
OPM %15.9%16.0%15.5%14.2%15.4%13.2%13.1%11.3%17.0%18.0%17.1%19.2%19.6%
Other Income9811155104−111215−28918
Interest5455357656665
Depreciation31363942424140434442424242
Profit before tax14314714614012812111078150181125224231
Net Profit1091111081049286794311013486157171
EPS (₹)6.756.786.546.435.645.294.882.676.848.355.519.7810.64

Profit & Loss

As of 30 Jun 2026
Consolidated · ₹ Cr · 12 years + TTM
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales2,1872,4132,5502,7112,9562,8082,7813,7054,3824,4744,6354,8305,056
Expenses1,8311,9502,0492,2532,5012,3912,2663,0933,7893,7684,0003,9624,118
Operating Profit355463500457455417515612593706635869938
OPM %16.2%19.2%19.6%16.9%15.4%14.9%18.5%16.5%13.5%15.8%13.7%18.0%18.6%
Other Income05111182315262535−14314
Interest29343424162011132217202322
Depreciation5673818989108107115133148165169168
Profit before tax270361396355358312413510462576436680761
Net Profit185236254229229254309383346432300487548
EPS (₹)11.0514.5615.9114.7814.2516.0619.3623.6821.6426.5018.4830.4834.28

Balance Sheet

As of 30 Jun 2026
Consolidated · ₹ Cr
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Jun 2026
Equity Capital161616161616161616161616—
Reserves7259561,1591,3351,5591,6981,8532,1062,3112,6012,7283,050—
Borrowings243294213170120166126165250239274229—
Other Liabilities575653652619677557530699751684737733—
Total Liabilities1,5591,9182,0402,1402,3722,4372,5252,9863,3283,5393,7554,027—
Fixed Assets8601,1211,1771,1451,0781,1951,1921,1501,4471,6381,7171,675—
CWIP7888189327152638268109119—
Investments0000010502183439—
Other Assets6217908549771,2001,2061,3131,5731,7981,8151,8952,195—
Total Assets1,5591,9182,0402,1402,3722,4372,5252,9863,3283,5393,7554,027—

Cash Flows

As of 31 Mar 2026
Consolidated · ₹ Cr
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity180316338238317224509426296602501664
Cash from Investing Activity−263−267−140−136−261−90−296−298−182−298−372−336
Cash from Financing Activity87−39−168−72−114−140−205−120−135−216−209−290
Net Cash Flow5103030−58−697−2288−7937

Ratios

As of 31 Mar 2026
12 periods
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %33.034.031.025.023.018.021.024.020.021.017.023.0
ROE %———————————17.9
EPS (₹)11.0514.5615.9114.7814.2516.0619.3623.6821.6426.5018.4830.48
Book Value (₹)———————————192.0
Face Value (₹)———————————1
P/E———————————33.1
Div Yield %———————————1.15
NPM %8.59.89.98.47.79.011.110.37.99.66.510.1
OPM %16.019.020.017.015.015.019.017.014.016.014.018.0
D/E0.330.300.180.130.080.100.070.080.110.090.100.07
P/B———————————6.3

Growth

As of 11 Oct 2026
Compounded sales growth
10 years+7.0%
5 years+12.0%
3 years+3.0%
TTM+9.0%
Compounded profit growth
10 years+8.0%
5 years+11.0%
3 years+14.0%
TTM+64.0%
Stock price CAGR
10 years+6.0%
5 years−1.0%
3 years−2.0%
Last year−2.0%
Return on equity
10 years17.0%
5 years16.0%
3 years15.0%
Last year18.0%

Shareholding pattern

As of 31 Mar 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters47.39%47.39%47.58%47.58%47.58%47.54%47.50%47.49%47.49%47.49%47.69%47.69%
FIIs23.38%23.38%28.09%25.96%23.14%25.25%21.27%16.89%19.18%15.79%10.23%11.58%
DIIs5.76%5.76%8.89%10.31%14.89%14.46%20.32%26.23%24.91%27.68%27.47%26.24%
Government0.00%0.00%0.32%0.43%0.43%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Public23.47%23.47%15.12%15.73%13.97%12.75%10.91%9.36%8.43%9.06%14.60%14.48%
No. of shareholders37,85537,85560,04564,01664,39863,73083,43568,22580,08189,56792,8311,25,200
Change since Jun 2023 (pp)
Promoters +0.30FIIs −11.80DIIs +20.48Public −8.99

Documents

As of 11 Oct 2026
Announcements
Announcement under Regulation 30 (LODR)-Newspaper PublicationCompliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018Clarification On Volume Movement LetterDisclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
Annual reports
Annual Report 2026Annual Report 2025Annual Report 2024Annual Report 2023Annual Report 2022
Credit ratings
Rating updateRating updateRating updateRating updateRating update
Concalls
Aug 2026TranscriptAug 2026PPTAug 2026RecordingMay 2026TranscriptMay 2026PPTFeb 2026TranscriptFeb 2026PPTFeb 2026RecordingDec 2025TranscriptOct 2025TranscriptOct 2025PPTOct 2025Recording

Corporate actions

As of 21 Sep 2026
21 Sep 2026DIVIDENDDividend - Rs 6 Per Share—
24 Oct 2025DIVIDENDInterim Dividend - Rs 8 Per Share—
12 Sep 2025DIVIDENDDividend - Rs 4 Per Share—
4 Nov 2024DIVIDENDInterim Dividend - Rs 5 Per Share—
30 Aug 2024DIVIDENDAnnual General Meeting/Dividend - Rs 6 Per Share—
2 Nov 2023DIVIDENDInterim Dividend - Rs 6 Per Share—
5 Sep 2023DIVIDENDAnnual General Meeting/Dividend - Rs 3 Per Share—
8 Feb 2023DIVIDENDInterim Dividend - Rs 6 Per Share—
15 Sep 2022DIVIDENDAnnual General Meeting/Dividend - Rs 3 Per Share—
2 Nov 2021DIVIDEND Interim Dividend - Rs 8 Per Share—
2 Feb 2021DIVIDEND Interim Dividend - Rs 10 Per Share—
18 Feb 2020DIVIDEND Interim Dividend - Rs 3 Per Share—
16 Aug 2019DIVIDEND Annual General Meeting/Dividend - Rs 3 Per Share—
16 Aug 2018DIVIDEND Annual General Meeting/Dividend Rs - 3 Per Share—
3 Aug 2017DIVIDEND Annual General Meeting/Dividend - Rs 3 Per Share—
4 Oct 2016SPLIT Face Value Split From Rs 2 To Re 12 : 1
12 Aug 2016DIVIDEND Annual General Meeting/ Dividend - Rs 5/- Per Share—
25 Aug 2015DIVIDEND Annual General Meeting/ Dividend - Rs 4/- Per Share—
17 Jul 2014DIVIDENDAnnual General Meeting / Dividend - Rs 3.50/- Per Share—
22 May 2013DIVIDENDAnnual General Meeting / Final Dividend Rs.3/- Per Equity Share—
29 Jun 2012DIVIDENDAnnual General Meeting/Dividend Rs 2.50 Per Share—
19 May 2011DIVIDENDAnnual General Meeting And Dividend - Rs. 2 Per Share—
10 Aug 2010DIVIDENDAnnual General Meeting And Dividend Rs.1/- Per Share—
Fundamentals from a third-party compiler of exchange filings; prices from the exchanges. Not investment advice.© 2026 āagman