NSE: KAJARIACER | BSE: 500233

Mid-range Performer

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1219.30 -13.50 (-1.10%)

60.71% Gain from 52W Low

65,042 NSE+BSE Volume

NSE 18 Sep, 2025 3:31 PM (IST)

19,420.1

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.

04 Aug 2021

1219.30

-1.10%

Kajaria Ceramics: Q1FY22 Result Review

Hold: Kajaria Ceramics Ltd.

Target

IDBI Capital

Another quarter of robust sales volume growth On a low base of Q1FY21, Kajaria reported 99% YoY sales volume growth to 15.3MSM. Overall capacity utilization was at 75%. Statewide lockdown amid second wave of Covid-19 played a spoilsport on demand in April and May. However, healthy recovery was seen in June, which further strengthened in July. Retail demand in TierI, II and III has been encouraging in Q1FY22 and the management guided it to remain strong in near term. The company's capacity expansion plan bodes well for increasing market share in the domestic tile market. Bathware and plywood segment too reported robust net sales growth of 113%/117% respectively over Q1F21....

Kajaria Ceramics Ltd. has gained 40.12% in the last 6 Months

Kajaria Ceramics Ltd.

04 Aug 2021

1219.30

-1.10%

Kajaria Ceramics

Buy: Kajaria Ceramics Ltd.

Target

ICICI Securities Limited

The company has announced a large capex of | 250 crore (seeing strong demand and higher utilisation) in FY22, which will increase its overall capacity by 18% and generate ~| 500 crore worth of additional revenue...

Kajaria Ceramics Ltd. is trading below its 30 day SMA of 1247.6

Kajaria Ceramics Ltd.

03 Aug 2021

1219.30

-1.10%

Kajaria Ceramics (HOLD): In-line quarter

Hold: Kajaria Ceramics Ltd.

Recommendation Target

BOB Capital Markets Ltd.

Consolidated Q1 revenue grew 102% YoY as tile volumes doubled, aided by a soft lockdown-hit base quarter

Kajaria Ceramics Ltd. is trading above its 200 day SMA of 1044.6

Kajaria Ceramics Ltd.

18 Jun 2021, 12:00AM

1219.30

-1.10%

KAJARIA CERAMIC

Accumulate: Kajaria Ceramics Ltd.

Target

Geojit BNP Paribas

Continued traction seen in export business. Additionally, company is well positioned to pass on the cost inflation to its customers. We expect the domestic business to bounce back as economic activity rises. With an optimistic outlook, we upgrade our rating to ACCUMULATE with revised target price of Rs. 1,110 based on 36x FY23E adj. EPS. Topline growth driven by demand rebound For Q4FY21, Revenue growth surged 46.1% YoY to Rs. 953cr (+13.6% QoQ), primarily led by sales volumes of 25.4 MSM (+39.2% YoY) with urban demand...

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

Kajaria Ceramics Ltd.

17 Jun 2021

1219.30

-1.10%

EARNINGS UPDATE- KAJARIA 4QFY21

Buy: Kajaria Ceramics Ltd.

Target

Chola Wealth Direct

Background: Kajaria Ceramics 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 the Kajaria's offices. Kajaria is the only tile manufacturer in India to be awarded...

Kajaria Ceramics Ltd.'s price crossed below 50Day SMA today

Kajaria Ceramics Ltd.

15 Jun 2021

1219.30

-1.10%

Kajaria Ceramics (REDUCE): Strong quarter; maintain REDUCE due to rich valuations

Sell: Kajaria Ceramics Ltd.

Target

BOB Capital Markets Ltd.

KJC reported consolidated Q4FY21 revenue growth of 46% YoY as tile volumes grew 39%, aided by a soft lockdown-hit base quarter

Kajaria Ceramics Ltd. is trading below its 30 day SMA of 1247.6

Kajaria Ceramics Ltd.

15 Jun 2021

1219.30

-1.10%

Kajaria Ceramics

Buy: Kajaria Ceramics Ltd.

Target

ICICI Securities Limited

Q1 to witness Covid impact; recovery likely from Q2 onwards The management indicated that Covid has impacted overall operations with closure at dealership levels. It indicated that in April 2021, the company achieved ~75% of the internally projected topline while for May 2021, it was ~35%. It also indicated that June, 2021 demand has been recovering well with unlocking in many states. It is likely to achieve 75% of the estimated topline. Owing to Covid impact, it refrained from providing guidance (earlier guided for 20-25% topline growth with 20%+ margins in FY21). However,...

Kajaria Ceramics Ltd. is trading below its 30 day SMA of 1247.6

Kajaria Ceramics Ltd.

15 Jun 2021

1219.30

-1.10%

Kajaria Ceramics: Q4FY21 Result Review

Hold: Kajaria Ceramics Ltd.

Recommendation Target

IDBI Capital

Kajaria Ceramics Ltd's (Kajaria) Q4FY21 result was in-line with our estimates on key parameters. Strong demand recovery boosted sales volume and resulted in highest ever net sales for Kajaria. Further, EBITDA margins improved with higher plant efficiency, better performance from subsidiaries & higher capacity utilization. Net sales increased by 46.1% YoY to Rs9,525mn, while EBITDA came in at Rs1,909mn, up by 104.5% YoY. The company reported net profit of Rs1,312mn, a robust growth of 166.5% over Q4FY20. After a strong demand recovery in H2FY21, second wave of Covid-19 has played a spoil sport and demand took a hit amid statewide lockdowns. The management remained cautious and refrained...