Kajaria Ceramics Ltd, established in 1985, is India’s largest manufacturer of ceramic and vitrified tiles with an impressive annual production capacity of 93.10 million square meters. Operating across nine plants in Uttar Pradesh, Rajasthan, Andhra Pradesh, Telangana, Gujarat, and Nepal, the company has grown to become a leader in the tile industry. Kajaria offers a diverse range of over 3,000 ceramic and vitrified tile options, catering to residential and commercial spaces. Known for its commitment to cutting-edge technology and innovative designs, Kajaria integrates advanced manufacturing techniques like automation and robotics to deliver high-quality products. With a strong domestic and international market presence, Kajaria Ceramics is dedicated to sustainability and continues to innovate, solidifying its reputation as a trusted name in the global tile industry.
Investors may be interested in learning about Kajaria Ceramics’ share price target from 2024 to 2030 given that the company’s financials show consistent development.
To assess whether Kajaria Ceramics is a decent stock to purchase, we’ll examine the company’s financial performance, recent changes, and market trends in this article. We’ll also offer insights on its share price target for the years ahead.
Stock history of Kajaria Ceramics
Kajaria Ceramics has a rich and remarkable presence in India’s stock market, with its shares being actively traded on both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) for many years. Since its initial listing on the BSE in 1992 and subsequent listing on the NSE in 2003, the company’s shares have gained popularity among investors and have shown consistent growth in value over time.
Although Kajaria Ceramics, like any stock, has experienced periodic volatility, particularly during the construction industry slowdown in 2018-2020, the company has managed to rebound and maintain a positive trajectory. As of 26th October 2023, its shares are currently trading at around Rs. 1,220, reflecting the confidence and trust investors have in the company’s solid financial performance.
Investors, particularly long-term ones, have favored Kajaria Ceramics due to its consistent growth and regular dividend payments. With a strong track record and the anticipation of continued positive performance, Kajaria Ceramics is poised to attract further investor interest in the future.
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | |
| Promoters + | 47.49% | 47.49% | 47.49% | 47.49% | 47.49% |
| FIIs + | 17.95% | 18.48% | 18.33% | 19.18% | 16.21% |
| DIIs + | 25.22% | 25.43% | 25.53% | 24.91% | 27.83% |
| Public + | 9.33% | 8.59% | 8.66% | 8.43% | 8.46% |
| No. of Shareholders | 67,854 | 71,396 | 74,777 | 80,081 | 83,280 |
The shareholding pattern of Kajaria Ceramics Ltd. from June 2023 to June 2024 shows consistent promoter ownership at 47.49% throughout the period, indicating stability in the company’s core ownership. FIIs (Foreign Institutional Investors) exhibited fluctuations, with their stake increasing from 17.95% in June 2023 to a peak of 19.18% in March 2024, before dropping to 16.21% by June 2024. DIIs (Domestic Institutional Investors) steadily increased their stake, rising from 25.22% in June 2023 to 27.83% in June 2024, reflecting growing confidence from domestic investors. The public shareholding remained relatively stable, slightly declining from 9.33% in June 2023 to 8.46% by June 2024. The total number of shareholders showed an upward trend, growing from 67,854 in June 2023 to 83,280 in June 2024, indicating increasing retail investor interest.
Recent News on Kajaria Ceramics Ltd
Kajaria Ceramics is actively expanding its retail footprint, with the recent inauguration of new showrooms in strategic locations such as Faridabad, Haryana, and Dhangadi, Nepal. This move highlights the company’s focus on strengthening its presence both domestically and internationally. In addition to this retail expansion, Kajaria Ceramics has also approved a significant increase in investment for its wholly-owned subsidiary, Kajaria International DMCC (UAE), doubling the investment limit from ₹15 crores to ₹30 crores. These initiatives reflect the company’s commitment to growth and market leadership in the ceramics industry.
You can buy Kajaria Ceramics shares from the following trading platforms:
➤ Zerodha
➤ Upstox
➤ Groww
➤ AngelOne
➤ ICICIDirect
| When | Maximum Price | Minimum Price |
| October 2024 | 1,547.85 | 1,345.96 |
| November 2024 | 1,609.77 | 1,399.80 |
| December 2024 | 1,625.87 | 1,413.80 |
In October 2024, the maximum price is expected to rise to ₹1,547.85, while the minimum price could settle at ₹1,345.96. As we progress to November 2024, the stock may peak at ₹1,609.77 with a potential minimum of ₹1,399.80. Finally, as we step into December 2024, Kajaria Ceramics is anticipated to have a maximum price of ₹1,625.87 and a minimum of ₹1,413.80, reflecting steady growth in its market performance.
| When | Maximum Price | Minimum Price |
| January 2025 | 1,642.12 | 1,263.17 |
| February 2025 | 1,658.71 | 1,275.93 |
| March 2025 | 1,693.54 | 1,302.73 |
| April 2025 | 1,676.78 | 1,289.83 |
| May 2025 | 1,627.94 | 1,252.26 |
| June 2025 | 1,701.20 | 1,308.61 |
| July 2025 | 1,667.84 | 1,282.95 |
| August 2025 | 1,719.42 | 1,322.63 |
| September 2025 | 1,740.05 | 1,338.50 |
| October 2025 | 1,785.30 | 1,373.30 |
| November 2025 | 1,829.93 | 1,407.64 |
| December 2025 | 1,912.28 | 1,470.98 |
As we step into 2025, Kajaria Ceramics stock prices are expected to show continued growth. In January 2025, the maximum price is projected to reach ₹1,642.12, with the minimum at ₹1,263.17. As we progress through the year, February could see prices rise to a maximum of ₹1,658.71 and a minimum of ₹1,275.93, while March is anticipated to bring a maximum of ₹1,693.54 and a minimum of ₹1,302.73. By June, Kajaria Ceramics stock might peak at ₹1,701.20, with a potential minimum of ₹1,308.61. As we move towards December 2025, the maximum price could reach as high as ₹1,912.28, with a minimum of ₹1,470.98, reflecting robust market performance throughout the year.
| Year | Maximum Price | Minimum Price |
| 2026 | ₹2,254.20 | ₹1,477.23 |
| 2027 | ₹2,721.24 | ₹1,751.34 |
| 2028 | ₹3,317.57 | ₹2,135.13 |
| 2029 | ₹4,044.59 | ₹2,603.02 |
| 2030 | ₹4,930.92 | ₹3,173.44 |
As we approach 2026, Kajaria Ceramics stock prices are expected to reach a maximum of ₹2,254.20, with a minimum of ₹1,477.23. Moving into 2027, the stock is projected to rise further, with a potential high of ₹2,721.24 and a low of ₹1,751.34. In 2028, Kajaria Ceramics could see its maximum price touch ₹3,317.57, while the minimum may hover around ₹2,135.13. By 2029, the stock is anticipated to peak at ₹4,044.59, with a minimum of ₹2,603.02. Finally, in 2030, Kajaria Ceramics stock prices are expected to reach a maximum of ₹4,930.92, with a minimum of ₹3,173.44, reflecting sustained growth over the years.
Financial Condition of Kajaria Ceramics: Last 5 years
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
| Sales + | 2,808 | 2,781 | 3,705 | 4,382 | 4,578 | 4,628 |
| Expenses + | 2,391 | 2,266 | 3,093 | 3,789 | 3,880 | 3,934 |
| Operating Profit | 417 | 515 | 612 | 593 | 698 | 694 |
| OPM % | 15% | 19% | 17% | 14% | 15% | 15% |
| Other Income + | 23 | 15 | 26 | 25 | 46 | 47 |
| Interest | 20 | 11 | 13 | 22 | 21 | 21 |
| Depreciation | 108 | 107 | 115 | 133 | 148 | 160 |
| Profit before tax | 312 | 413 | 510 | 462 | 576 | 561 |
| Tax % | 19% | 25% | 25% | 25% | 25% | |
| Net Profit + | 254 | 309 | 383 | 346 | 432 | 415 |
| EPS in Rs | 16.06 | 19.36 | 23.68 | 21.64 | 26.5 | 25.39 |
| Dividend Payout % | 19% | 52% | 46% | 42% | 45% |
Kajaria Ceramics Ltd. has demonstrated steady financial growth over the years from March 2020 to March 2024. The company’s sales grew from ₹2,808 crore in 2020 to ₹4,578 crore in 2024, with a TTM (Trailing Twelve Months) figure of ₹4,628 crore. Expenses followed a similar trajectory, increasing from ₹2,391 crore in 2020 to ₹3,880 crore in 2024, reflecting the company’s expanding operations. Operating profit also showed a positive trend, growing from ₹417 crore in 2020 to ₹698 crore in 2024, with an operating profit margin (OPM) stabilizing around 15% in recent years.
Net profit saw consistent improvement, rising from ₹254 crore in 2020 to ₹432 crore in 2024, driven by increased revenue and controlled expenses. Earnings per share (EPS) also improved, growing from ₹16.06 in 2020 to ₹26.5 in 2024. The dividend payout ratio fluctuated, peaking at 52% in 2021 but remained around 45% in 2024, indicating strong returns to shareholders. Overall, Kajaria Ceramics has maintained steady profitability and financial health, reflecting its leadership position in the tile manufacturing industry.
Geojit BNP Paribas Bullish on Kajaria Ceramics, Sets Target Price at Rs 1610.00.
FAQS
It is anticipated that Kajaria Ceramics per share price will increase to ₹1,625.87 by the end of 2024.
The share price target of Kajaria Ceramics for 2025 might be in between ₹1,252.26 and ₹1,912.28.
What is the current market capitalization of Kajaria Ceramics?
The current market capitalization of Kajaria Ceramics is ₹23,498 Crore.
The per share price of Kajaria Ceramics might reach in between ₹3,173.44 and ₹4,930.92 by the end of 2030.
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In conclusion, Kajaria Ceramics Ltd. has established itself as a formidable leader in the Indian tile industry, demonstrating impressive financial growth and resilience over the years. With consistent increases in sales, net profit, and earnings per share, the company is well-positioned for continued success. Its strong financial performance, highlighted by an operating profit margin stabilizing around 15% and a commitment to returning value to shareholders through dividends, underscores its robust operational efficiency and market confidence.
Moreover, the shareholding patterns reveal stable promoter ownership and growing confidence from institutional investors, reflecting a positive sentiment towards the company’s future prospects. With ambitious expansion plans and strategic investments, Kajaria Ceramics is poised for sustained growth, making it an attractive prospect for long-term investors. As the market anticipates share price targets significantly higher in the coming years, Kajaria Ceramics presents a compelling opportunity for those looking to invest in a strong and innovative player in the ceramics sector.
What did we learn?
- 1 Stock history of Kajaria Ceramics
- 2 Shareholding Patterns of Kajaria Ceramics Ltd
- 3 Recent News on Kajaria Ceramics Ltd
- 4 How to buy Kajaria Ceramics shares?
- 5 Share Price Prediction of Kajaria Ceramics: 2024 to 2030
- 6 Financial Condition of Kajaria Ceramics: Last 5 years
- 7 Kajaria Ceramics share price target by Experts
- 8 FAQS
- 9 Conclusion: Should you buy Kajaria Ceramics share price in 2024 or in Future?
