Kajaria Ceramics (KAJARIACER)₹1,200−1.25%Ceramics
In the Sep 2026 quarter (consolidated), Kajaria Ceramics reported sales of ₹1,469 Cr, up 23.8% from Sep 2025, and net profit of ₹191 Cr, up 42.5% year on year. For the year to Mar 2026, sales were ₹4,836 Cr and net profit ₹487 Cr.
Company filings, consolidated accounts; latest reported quarter Sep 2026
| Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,153 | 1,208 | 1,096 | 1,179 | 1,157 | 1,222 | 1,104 | 1,187 | 1,169 | 1,375 | 1,329 | 1,469 |
| Expenses | 972 | 1,034 | 926 | 1,021 | 1,001 | 1,081 | 915 | 973 | 968 | 1,108 | 1,068 | 1,181 |
| Operating Profit | 179 | 172 | 170 | 156 | 153 | 139 | 188 | 214 | 201 | 264 | 261 | 288 |
| OPM % | 16.0% | 14.1% | 15.0% | 13.0% | 13.0% | 11.0% | 17.0% | 18.1% | 17.1% | 19.1% | 20.1% | 20.1% |
| Other Income | 11.01 | 15.01 | 4.99 | 10.01 | 4.01 | −11.01 | 11.99 | 15.01 | −27.99 | 9.01 | 17.99 | 17.01 |
| Interest | 5.01 | 5.01 | 3.01 | 5.01 | 7.01 | 6.01 | 5.01 | 6.01 | 6.01 | 6.01 | 5.01 | 5.01 |
| Depreciation | 39.11 | 42.10 | 42.08 | 41.07 | 40.08 | 43.11 | 44.12 | 42.14 | 42.10 | 42.07 | 42.12 | 43.10 |
| Profit before tax | 146 | 140 | 128 | 121 | 110 | 78.05 | 150 | 181 | 125 | 224 | 231 | 255 |
| Tax % | 26.0% | 25.0% | 28.0% | 29.0% | 28.0% | 44.1% | 26.1% | 26.1% | 31.0% | 30.1% | 26.0% | 25.1% |
| Exceptional items | 0.00 | −3.01 | −5.01 | 0.00 | −6.01 | −31.04 | −2.01 | −1.01 | −27.01 | −3.01 | 0.00 | −1.01 |
| Net Profit | 108 | 104 | 92.02 | 86.11 | 79.01 | 43.01 | 110 | 134 | 86.03 | 157 | 171 | 191 |
| EPS (Rs) | 6.55 | 6.44 | 5.65 | 5.30 | 4.89 | 2.68 | 6.85 | 8.37 | 5.52 | 9.80 | 10.66 | 12.07 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 2,416 | 2,549 | 2,713 | 2,958 | 2,810 | 2,783 | 3,705 | 4,383 | 4,476 | 4,635 | 4,836 | 5,341 |
| Expenses | 1,947 | 2,048 | 2,249 | 2,497 | 2,388 | 2,264 | 3,087 | 3,783 | 3,762 | 3,993 | 3,956 | 4,324 |
| Operating Profit | 464 | 501 | 458 | 457 | 418 | 517 | 614 | 595 | 708 | 637 | 872 | 1,014 |
| OPM % | 19.1% | 20.1% | 17.0% | 15.0% | 15.0% | 19.1% | 17.1% | 14.0% | 16.1% | 14.0% | 18.1% | 19.0% |
| Other Income | 5.01 | 10.99 | 10.99 | 8.01 | 23.01 | 14.99 | 26.01 | 25.01 | 35.01 | −14.01 | 3.01 | 16.02 |
| Interest | 34.03 | 34.05 | 24.04 | 16.02 | 20.02 | 11.01 | 13.01 | 22.01 | 17.01 | 20.01 | 23.01 | 22.04 |
| Depreciation | 73.14 | 81.18 | 89.24 | 89.22 | 108 | 107 | 115 | 133 | 148 | 165 | 169 | 169 |
| Profit before tax | 362 | 397 | 356 | 359 | 312 | 413 | 511 | 463 | 577 | 436 | 681 | 836 |
| Tax % | 35.1% | 36.0% | 36.1% | 36.0% | 19.0% | 25.1% | 25.0% | 25.1% | 25.0% | 31.1% | 28.1% | — |
| Exceptional items | −4.01 | −2.01 | 0.00 | −7.01 | 0.00 | −4.01 | −1.01 | −6.01 | 6.01 | −6.01 | −34.03 | −31.03 |
| Net Profit | 236 | 254 | 229 | 229 | 254 | 309 | 383 | 346 | 432 | 300 | 487 | 605 |
| EPS (Rs) | 14.57 | 15.94 | 14.81 | 14.27 | 16.07 | 19.40 | 23.72 | 21.67 | 26.53 | 18.50 | 30.53 | 38.05 |
| Dividend payout % | 16.9% | 19.0% | 19.9% | 21.0% | 19.0% | 51.9% | 45.9% | 42.0% | 45.0% | 49.0% | 45.9% | — |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 16.01 | 16.01 | 16.02 | 16.00 | 16.02 | 16.03 | 16.01 | 16.01 | 16.02 | 16.01 | 16.02 | 16.01 |
| Reserves | 726 | 959 | 1,162 | 1,337 | 1,563 | 1,704 | 1,857 | 2,110 | 2,318 | 2,608 | 2,736 | 3,058 |
| Borrowings | 243 | 294 | 213 | 170 | 120 | 166 | 126 | 165 | 250 | 239 | 274 | 229 |
| Other Liabilities | 578 | 656 | 655 | 622 | 680 | 560 | 533 | 702 | 755 | 687 | 741 | 737 |
| Total Liabilities | 1,563 | 1,924 | 2,046 | 2,145 | 2,380 | 2,446 | 2,531 | 2,994 | 3,339 | 3,550 | 3,767 | 4,039 |
| Fixed Assets | 862 | 1,124 | 1,181 | 1,149 | 1,082 | 1,200 | 1,195 | 1,153 | 1,452 | 1,643 | 1,724 | 1,681 |
| CWIP | 78.19 | 8.02 | 8.01 | 18.03 | 93.21 | 27.07 | 15.03 | 264 | 82.22 | 68.18 | 109 | 119 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 9.97 | 4.99 | 0.00 | 1.99 | 17.97 | 33.93 | 38.92 |
| Other Assets | 623 | 793 | 857 | 979 | 1,203 | 1,210 | 1,316 | 1,577 | 1,804 | 1,820 | 1,900 | 2,201 |
| Inventories | 303 | 384 | 372 | 378 | 406 | 513 | 373 | 466 | 565 | 532 | 618 | 550 |
| Trade receivables | 207 | 274 | 338 | 450 | 474 | 396 | 431 | 512 | 600 | 618 | 569 | 626 |
| Cash & equivalents | 10.96 | 21.91 | 51.76 | 81.67 | 251 | 224 | 442 | 423 | 393 | 512 | 581 | 752 |
| Total Assets | 1,563 | 1,924 | 2,046 | 2,145 | 2,380 | 2,446 | 2,531 | 2,994 | 3,339 | 3,550 | 3,767 | 4,039 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | 179 | 315 | 337 | 237 | 316 | 223 | 507 | 425 | 295 | 600 | 499 | 662 |
| Cash from investing activity | −263 | −267 | −140 | −136 | −261 | −90.17 | −297 | −299 | −182 | −299 | −372 | −337 |
| Cash from financing activity | 86.76 | −38.87 | −167 | −71.74 | −114 | −140 | −204 | −120 | −135 | −215 | −208 | −289 |
| Net cash flow | 5.01 | 10.03 | 30.08 | 30.10 | −58.12 | −6.02 | 9.03 | 7.02 | −22.07 | 88.20 | −79.17 | 37.12 |
| Capex | 271 | 277 | 147 | 153 | 124 | 124 | 113 | 269 | 232 | 300 | 222 | 127 |
| Free cash flow | −83.92 | 47.03 | 195 | 99.99 | 203 | 103 | 408 | 162 | 86.95 | 323 | 305 | 563 |
| CFO / OP % | 73.0% | 89.9% | 92.9% | 80.0% | 99.0% | 78.0% | 118.0% | 91.0% | 71.0% | 105.0% | 96.9% | 96.0% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor days | 36 | 42 | 50 | 62 | 60 | 53 | 58 | 52 | 51 | 52 | 46 | 48 |
| Inventory days | 151 | 189 | 168 | 150 | 147 | 189 | 119 | 122 | 127 | 111 | 126 | 105 |
| Days payable | 121 | 145 | 122 | 103 | 113 | 89 | 67 | 79 | 71 | 62 | 70 | 62 |
| Cash conversion cycle | 65 | 87 | 96 | 108 | 94 | 152 | 110 | 94 | 107 | 101 | 102 | 92 |
| Working capital days | 0 | 18 | 32 | 44 | 42 | 58 | 52 | 37 | 46 | 48 | 43 | 43 |
| ROCE % | 33.0% | 34.0% | 31.0% | 25.0% | 23.0% | 18.0% | 21.0% | 24.0% | 20.0% | 21.0% | 17.0% | 23.0% |
For the Sep 2026 quarter, Kajaria Ceramics reported sales of ₹1,469 Cr, up 23.8% year on year and net profit of ₹191 Cr, up 42.5% year on year. The operating margin was 20.1%.
Kajaria Ceramics' sales for the year to Mar 2026 were ₹4,836 Cr; over the last twelve months they were ₹5,341 Cr.
Net profit for the year to Mar 2026 was ₹487 Cr, and ₹605 Cr over the last twelve months. Earnings per share over the same trailing period were ₹38.05.
Kajaria Ceramics reported borrowings of ₹229 Cr at Mar 2026, against cash and equivalents of ₹752 Cr.
Cash from operations was ₹662 Cr in the year to Mar 2026; after capital spending, free cash flow was ₹563 Cr.