NSE: KAJARIACER | BSE: 500233

Mid-range Performer

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1213.10 30.10 (2.54%)

59.89% Gain from 52W Low

305.4K NSE+BSE Volume

NSE 24 Sep, 2025 3:48 PM (IST)

19,321.3

Market Cap

Market Leader

0.7

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Kajaria Ceramics Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for KAJARIACER, BSE:500233 Kajaria Ceramics Ltd.

Kajaria Ceramics Ltd.

19 Feb 2020

1213.10

2.54%

KAJARIA CERAMIC

Hold: Kajaria Ceramics Ltd.

Geojit BNP Paribas

Kajaria Ceramics (KJC) is the largest manufacturer of glazed & unglazed ceramic tiles and vitrified tiles in India. The company has eight plants in Sikandrabad (UP), Gailpur and Malootana (Rajasthan), Morbi (Gujarat) and Vijayawada (AP), with annual capacity of 73 mn. sq. meters (MSM). The...

Kajaria Ceramics Ltd. is trading above its 200 day SMA of 1044.3

Kajaria Ceramics Ltd.

13 Feb 2020

1213.10

2.54%

EARNINGS UPDATE-KAJARIA 3QFY20

Buy: Kajaria Ceramics Ltd.

Target

Chola Wealth Direct

Background: Kajaria Ceramics is the largest tile manufacturer in India, with a 73 msm annual capacity (28.10MSM Ceramic tiles, 44.9MSM Vetrified tiles) spread across eight plants; three plants in Morbi, Gujarat with cumulative capacity of 15.9 MSM, one each in Sikandrabad - UP (8.4MSM), Vijayawada - AP (2.9 MSM) and Sri Kalahasti - AP (5 MSM), Malootana Rajasthan (6.5 MSM) and Gailpur - Rajasthan (34.3 MSM). Kajaria has a strong distribution network of 1,400 dealers, 5,000 sales points across the country and 34 display centers are located at all of its offices. Kajaria is the only tile manufacturer in India to be awarded Superbrand'...

Kajaria Ceramics Ltd. has an average target of 1261.20 from 10 brokers.

Kajaria Ceramics Ltd.

11 Feb 2020

1213.10

2.54%

Kajaria Ceramics

Hold: Kajaria Ceramics Ltd.

Target

ICICI Securities Limited

Sales volumes were flattish YoY at 20.4 million sq mt (MSM) on account of weak consumer sentiment notwithstanding the festive quarter coupled with liquidity concerns, weakness in real estate sector and overall slowdown in economy. Overall, sales volumes have grown only 3.4% YoY to 59.8 MSM in 9MFY20. With this and with muted sales volumes expected in Q4FY20, the management has toned down its sales volume guidance to 4-5% in FY20. With the Coronavirus overhang in China, we expect Indian tiles manufacturers to witness increased exports traction in the near term....

Kajaria Ceramics Ltd. is trading above its 200 day SMA of 1044.3

Kajaria Ceramics Ltd.

29 Oct 2019

1213.10

2.54%

KAJARIA CERAMIC

Hold: Kajaria Ceramics Ltd.

Target

Geojit BNP Paribas

Kajaria Ceramics Ltd. is trading below its 30 day SMA of 1241.8

Kajaria Ceramics Ltd.

24 Oct 2019, 12:00AM

1213.10

2.54%

Kajaria Ceramics: Q2FY20 Result Review

Buy: Kajaria Ceramics Ltd.

Target

IDBI Capital

After a challenging Q1FY20, there is no respite for building material products companies as sales off take remained subdued in Q2FY20 as well. Kajaria, the largest player of domestic tile industry, reported just 1% YoY sales volume growth in Q2FY20. Though realization has improved marginally by 1.2% over Q1FY20, it is still down by 3.5% YoY. The company reported net sales of Rs 7,147mn (-1.5% YoY) led by lower blended net sales realization. EBITDA came in at Rs 1,052mn (-3.4% YoY), while higher raw material cost weighed on EBITDA margin by 29bps YoY to 14.7%. The company...

Kajaria Ceramics Ltd. has an average target of 1261.20 from 10 brokers.

Kajaria Ceramics Ltd.

24 Oct 2019, 12:00AM

1213.10

2.54%

Kajaria Ceramics

Hold: Kajaria Ceramics Ltd.

Target

ICICI Securities Limited

Volume guidance toned down amid tough times Sales volumes grew just 1.1% YoY to 19.8 million sq mt (MSM) on account of low consumer sentiment, tight liquidity, floods across several parts of India and lost sales in Kashmir in Q2FY20. Nonetheless, it expects consumer sentiments to improve, which could drive operational performance in H2FY20E. Also, the 5 MSM Andhra plant that commenced commercial production in September, 2019 would support sales in South India once business sentiment improves in the region. However, considering the...

Kajaria Ceramics Ltd. is trading below its 30 day SMA of 1241.8

Kajaria Ceramics Ltd.

24 Oct 2019, 12:00AM

1213.10

2.54%

Kajaria Ceramics (ADD): Tepid quarter; upsides capped downgrade to ADD

Buy: Kajaria Ceramics Ltd.

Target

BOB Capital Markets Ltd.

Kajaria Ceramics (KJC) posted a below-expected Q2FY20 with revenue down 1.5% YoY (volumes +1.1%, realisations 3.5%).

Kajaria Ceramics Ltd. is trading above its 200 day SMA of 1044.3

Kajaria Ceramics Ltd.

24 Oct 2019, 12:00AM

1213.10

2.54%

Kajaria Ceramics-2QFY20 Result Update

Hold: Kajaria Ceramics Ltd.

Target

Reliance Securities

Kajaria Ceramics (KJC) reported below par performance and was mainly impacted by dismal sales volume. Sales volume (tiles) grew merely by 1% YoY to 19.75msm (our expectation / street expectation was 7.5% / 10%). Revenue declined marginally by 1.5% YoY to Rs7.14bn as against expectations of Rs7.4bn. EBITDA stood at Rs1.05bn (-3.4% YoY and -0.7% QoQ) marginally below our estimates of Rs1.1bn and EBITDA margin stood at 14.7% vs. 15% in last year and 15.1% in 1QFY20. Average realisation for tiles improved sequentially by 1.7% to Rs337/SM mainly led by favourable product mix, while operating cost/tonne deteriorated by 2% QoQ at Rs309/SM due to surge in input costs. PBT stood at Rs807mn (-2.8% YoY and flat QoQ) below our expectations...

Kajaria Ceramics Ltd. has gained 37.07% in the last 6 Months

Kajaria Ceramics Ltd.

25 Jul 2019

1213.10

2.54%

Kajaria Ceramics: Q1FY20 Result Review

Buy: Kajaria Ceramics Ltd.

IDBI Capital

After a strong FY19 performance (15% YoY volume growth), beginning of FY20E is on a softer note for Kajaria, owing to demand slowdown. The company reported net sales of Rs 7,000mn (+6.5% YoY) driven by 10% volume growth over Q1FY19. EBITDA came in at Rs 1,060mn (+9.5% YoY). Prudent cost management aided marginal EBITDA margin...