Kajaria Ceramics (KAJARIACER)

FairStock Score: 64/100 — STEADY

Score breakdown: P/E: 0/3 · ROCE: 1/2 · Growth: 2/2 · Dividend: 0/1

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I wear Buffett and Graham lenses, so I ask: is Kajaria a wonderful business at a fair price? The business quality is respectable. Return on equity is 13.56% and ROCE 17.13%, debt/equity only 0.07, Piotroski F-score 8/9, Altman Z-score 5.05, and free cash flow ₹129 Cr. Latest quarter sales were ₹1,168 Cr with net profit ₹86 Cr. Growth has been strong lately: sales growth 18.17%, profit growth 56.29%, though the 5-year revenue CAGR of 10.54% is more moderate and probably a better through-cycle guide. Promoter holding 47.69% and dividend yield 0.96% suggest some alignment, but not a high current income. The moat, if any, comes from a ceramic tile brand/distribution, but I cannot prove pricing power from these numbers alone; ROE is good, not extraordinary. Valuation is the problem. At ₹1,253.40, market cap ₹19,696 Cr, P/E 36.63, P/B 6.51, and book value ₹192.50. Graham Number is ₹301.07, implying a margin of safety of -217.90%. DCF intrinsic value is ₹433.39. Both are far below the market price. The 52-week range is ₹869.60–₹1,293.80, so the stock is near its high, not a distressed asset play. The reported EV/EBITDA of -17.21 is not a conventional positive multiple, so I would not treat it as a bargain signal. FairStock Score 64/100 STEADY fits a stalwart, not a bargain. So I admire the balance sheet and recent profit growth, but Graham would not pay this price, and Buffett would demand a wider moat or lower valuation. Watch quarterly sales/profit, FCF, ROCE, and whether growth justifies P/E.

The full AI analysis, bull and bear case and key monitorables are in FairStock Pro.

Data from BSE/NSE filings. AI analysis is for educational purposes only — not investment advice. Scoring methodology · Disclaimer