NSE: KAJARIACER | BSE: 500233

Mid-range Performer

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1199.30 -13.80 (-1.14%)

58.07% Gain from 52W Low

41,848 NSE+BSE Volume

NSE 25 Sep, 2025 2:32 PM (IST)

19,101.5

Market Cap

Market Leader

0.7

Beta 1Year

Very Low volatility

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.

24 Jul 2019, 12:00AM

1199.30

-1.14%

Kajaria Ceramics

Hold: Kajaria Ceramics Ltd.

Recommendation Target

ICICI Securities Limited

Management cuts volume growth guidance for FY20E Sales volumes grew 9.6% YoY to 19.6 MSM in Q1FY20. The management indicated that the operational environment remains challenging while the overall industry growth is expected to remain muted in FY20E. However, it expects sales volumes to grow strongly on the back of gains in market share amid the industry's transition to gas based plants & stricter e-way bill implementation. The management has, however, cut its sales volume guidance to 12-13% YoY in FY20E (15% growth guided earlier) on the back...

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

Kajaria Ceramics Ltd.

23 Jul 2019

1199.30

-1.14%

EARNINGS UPDATE-KAJARIA 1QFY20

Buy: Kajaria Ceramics Ltd.

Target

Chola Wealth Direct

Background: Kajaria Ceramics the largest tile manufacturer in India, with a 68 msm annual capacity (29.47MSM Ceramic tiles, 22.4MSM PVT and 16.5MSM GVT) spread across eight plants; four plants in Morbi, Gujarat with cumulative capacity of 19.57 MSM, one each in Sikandrabad - UP (8.4MSM), Vijayawada - AP (2.9 MSM), Malutana Rajasthan (6.5 MSM) and Gailpur - Rajasthan (31 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 the Kajaria's offices. Kajaria is the only tile manufacturer in India to be awarded Superbrand' status which they have retained for the sixth...

Kajaria Ceramics Ltd. is trading below its 30 day SMA of 1238.6

Kajaria Ceramics Ltd.

23 Jul 2019

1199.30

-1.14%

Kajaria Ceramics (BUY): Modest Q1; upgrade to BUY on reasonable valuations

Buy: Kajaria Ceramics Ltd.

Recommendation

BOB Capital Markets Ltd.

Kajaria Ceramics (KJC) posted below-expected Q1FY20 revenue growth of 6.5% YoY, with volumes up 9.6% but realisations down 3.8%.

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

Kajaria Ceramics Ltd.

18 Jun 2019

1199.30

-1.14%

EARNINGS UPDATE- KAJARIA 4QFY19

Buy: Kajaria Ceramics Ltd.

Target

Chola Wealth Direct

Sector: Construction Material /Mid-Cap | Earnings Update 4QFY19 Background: Kajaria Ceramics the largest tile manufacturer in India, with a 68 msm annual capacity (29.47MSM Ceramic tiles, 22.4MSM PVT and 16.5MSM GVT) spread across eight plants; four plants in Morbi, Gujarat with cumulative capacity of 19.57 MSM, one each in Sikandrabad - UP (8.4MSM), Vijayawada - AP (2.9 MSM), Malutana Rajasthan (6.5 MSM) and Gailpur - Rajasthan (31 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 the Kajaria's offices. Kajaria is the only tile manufacturer in India to be awarded Superbrand' status which they have retained for the sixth...

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

Kajaria Ceramics Ltd.

15 May 2019

1199.30

-1.14%

Kajaria Ceramics-4QFY19 Result Update

Hold: Kajaria Ceramics Ltd.

Recommendation Target

Reliance Securities

Kajaria Ceramics Ltd. has gained 34.71% in the last 6 Months

Kajaria Ceramics Ltd.

15 May 2019

1199.30

-1.14%

Kajaria Ceramics

Buy: Kajaria Ceramics Ltd.

Target

ICICI Securities Limited

Management guides 15% volume growth in FY20E Kajaria's sales volumes grew 11.2% YoY to 22.51 MSM in Q4FY19. The volume growth was on account of market share gain despite a tough business environment. The management has guided for 15% YoY volume growth in FY20E with continuous gain in market share following strict implementation of e-way bill and ban on coal gasifier. Kajaria is looking to increase its market share from 10% to 14% over the next four years. Currently, Kajaria has capacity of 68 MSM and is setting up 5 MSM GVT plant...

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

Kajaria Ceramics Ltd.

14 May 2019

1199.30

-1.14%

Kajaria Ceramics (ADD): Tough climate but management optimistic on growth

Sell: Kajaria Ceramics Ltd.

BOB Capital Markets Ltd.

KJC has increased its dealer network from 1,400 to 1,500 and upped the exclusive dealer count from 200 to 240 in FY19. Exclusive dealers contribute ~30% of the company's turnover. Source: Company, BOBCAPS Research...

Kajaria Ceramics Ltd. is trading below its 30 day SMA of 1238.6

Kajaria Ceramics Ltd.

28 Mar 2019

1199.30

-1.14%

Our discussions with a few players organized and unorganized indicate that Morbibased...

Buy: Kajaria Ceramics Ltd.

Target

Emkay

Our discussions with a few players organized and unorganized indicate that Morbibased tiles manufacturers are planning to implement price hikes in Ceramic (10%+) and Vitrified tiles (5-7%) as they face cost headwinds after the ban on coal gasifier usage. The National Green Tribunal's (NGT) recent order banning the use of coal gasifiers in Morbi (Gujarat) has aggravated the challenges of units based there as they were already facing the issue of increasing receivables days (130-150 days). Our interaction suggests...

Kajaria Ceramics Ltd. is trading below its 30 day SMA of 1238.6

Kajaria Ceramics Ltd.

21 Jan 2019

1199.30

-1.14%

Kajaria Ceramics

Buy: Kajaria Ceramics Ltd.

Target

ICICI Securities Limited

ICICI Securities Ltd | Retail Equity Research The topline grew 14.7% YoY to | 758.6 crore, mainly on account of strong volume growth and in line with our estimate of | 755.1 crore EBITDA margins expanded 91 bps QoQ to 15.9% (slightly better than our expectation of 15.5%) on account of lower power & fuel costs Reported PAT grew 24.1% YoY to | 65.9 crore (our estimate: | 61.4 crore) mainly on account of EBITDA margin expansion & lower tax rate The working capital cycle increased from 59 days in Q2FY19 to 62 days...