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Founded Year

1988

About Kajaria Ceramics

Kajaria Ceramics is a manufacturer of indoor floor and wall tiles. It offers products including ceramic wall and floor tiles, polished and glazed vitrified tiles, sanitary ware and faucets, tile adhesives, grout, and more. It was founded in 1988 and is based in New Delhi, India.

Headquarters Location

Mathura Road J1/B1 (Extn.), Mohan Co - op Industrial Estate (Opp. Badarpur Thermal Power Station)

New Delhi,

India

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Latest Kajaria Ceramics News

Hold Kajaria Ceramics; target of Rs 1438: ICICI Securities

Feb 7, 2024

ICICI Securities recommended hold rating on Kajaria Ceramics with a target price of Rs 1438 in its research report dated February 01, 2024. Broker Research hold ICICI Securities research report on Kajaria Ceramics Kajaria Ceramics (KJC) reported in-line Q3FY24 consol. revenue growth of 5.6% YoY to INR 11.5bn, driven by modest tiles volume growth of 6.4% YoY (4-year CAGR of 7.3%), while realisation declined 3.3% YoY (-1% QoQ). EBITDA margin expanded 333bps YoY (-50bps QoQ) to 15.5% on a low base as RM costs (including power & fuel cost) declined 470bps YoY (+97bps QoQ), resulting in EBITDA/APAT growth of 34.3%/40.2% YoY. As per management, demand was subdued in Q3FY24 and continues to be so even in Jan’24. It expects better volume growth in FY25 on the back of completion in real estate projects that were launched earlier. Story continues below Advertisement Outlook Management guided for tepid volume growth of 6-7% YoY in Q4FY24 and for FY25 it targets to grow 5-6% above industry growth with OPM of 15-17%. We cut our EBITDA estimates by ~4%/2% for FY24–26 and downgrade KJC to HOLD (from BUY), due to limited upside with a rolled-over Mar’25 TP of INR 1,438 (from INR 1,454), set at an unchanged 38x P/E.

Kajaria Ceramics Frequently Asked Questions (FAQ)

  • When was Kajaria Ceramics founded?

    Kajaria Ceramics was founded in 1988.

  • Where is Kajaria Ceramics's headquarters?

    Kajaria Ceramics's headquarters is located at Mathura Road, New Delhi.

  • Who are Kajaria Ceramics's competitors?

    Competitors of Kajaria Ceramics include Albatross Energetics and 4 more.

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