Kajaria Ceramics Limited

BSE:500233 Stock Report

Market Cap: ₹186.7b

Kajaria Ceramics Valuation

Is 500233 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 500233 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 500233 (₹1172.2) is trading above our estimate of fair value (₹446.41)

Significantly Below Fair Value: 500233 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 500233?

Key metric: As 500233 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 500233. This is calculated by dividing 500233's market cap by their current earnings.
What is 500233's PE Ratio?
PE Ratio49x
Earnings₹3.81b
Market Cap₹186.70b

Price to Earnings Ratio vs Peers

How does 500233's PE Ratio compare to its peers?

The above table shows the PE ratio for 500233 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average52.4x
532443 Cera Sanitaryware
37.5x12.3%₹90.3b
500128 Electrosteel Castings
10.3x8.6%₹89.5b
ASTRAL Astral
90.1x25.9%₹473.2b
500067 Blue Star
71.9x21.0%₹378.1b
500233 Kajaria Ceramics
49x22.4%₹186.7b

Price-To-Earnings vs Peers: 500233 is good value based on its Price-To-Earnings Ratio (49x) compared to the peer average (52.4x).

Price to Earnings Ratio vs Industry

How does 500233's PE Ratio compare vs other companies in the IN Building Industry?

3 CompaniesPrice / EarningsEstimated GrowthMarket Cap
526193 Royal Cushion Vinyl Products
1.8xn/aUS$12.48m
505685 Taparia Tools
0.1xn/aUS$1.57m
539223 Ambition Mica
2.3xn/aUS$523.05k
No more companies available in this PE range
500233 49.0xIndustry Avg. 30.9xNo. of Companies6PE020406080100+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 500233 is expensive based on its Price-To-Earnings Ratio (49x) compared to the Indian Building industry average (30.9x).

Price to Earnings Ratio vs Fair Ratio

What is 500233's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

500233 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio49x
Fair PE Ratio40.3x

Price-To-Earnings vs Fair Ratio: 500233 is expensive based on its Price-To-Earnings Ratio (49x) compared to the estimated Fair Price-To-Earnings Ratio (40.3x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst 500233 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current₹1,172.20
₹1,495.25
+27.6%
8.3%₹1,695.00₹1,079.00n/a28
Nov ’25₹1,221.70
₹1,489.97
+22.0%
8.4%₹1,695.00₹1,079.00n/a29
Oct ’25₹1,480.75
₹1,538.31
+3.9%
9.3%₹1,780.00₹1,093.00n/a29
Sep ’25₹1,354.45
₹1,532.10
+13.1%
8.8%₹1,710.00₹1,093.00n/a30
Aug ’25₹1,468.25
₹1,523.45
+3.8%
9.2%₹1,710.00₹1,093.00n/a29
Jul ’25₹1,498.30
₹1,396.62
-6.8%
8.6%₹1,620.00₹1,093.00n/a29
Jun ’25₹1,207.20
₹1,389.72
+15.1%
8.1%₹1,620.00₹1,093.00n/a29
May ’25₹1,205.70
₹1,498.21
+24.3%
6.7%₹1,630.00₹1,250.00n/a29
Apr ’25₹1,225.25
₹1,505.23
+22.9%
6.4%₹1,630.00₹1,250.00n/a30
Mar ’25₹1,274.10
₹1,508.40
+18.4%
6.3%₹1,630.00₹1,250.00n/a30
Feb ’25₹1,376.10
₹1,515.89
+10.2%
7.1%₹1,680.00₹1,250.00n/a27
Jan ’25₹1,308.65
₹1,473.85
+12.6%
6.9%₹1,680.00₹1,285.00n/a27
Dec ’24₹1,365.60
₹1,473.85
+7.9%
6.9%₹1,680.00₹1,285.00n/a27
Nov ’24₹1,271.15
₹1,465.93
+15.3%
7.7%₹1,680.00₹1,175.00₹1,221.7028
Oct ’24₹1,324.95
₹1,493.63
+12.7%
7.7%₹1,680.00₹1,175.00₹1,480.7527
Sep ’24₹1,457.60
₹1,488.89
+2.1%
7.6%₹1,680.00₹1,175.00₹1,354.4527
Aug ’24₹1,438.65
₹1,477.54
+2.7%
7.7%₹1,680.00₹1,175.00₹1,468.2526
Jul ’24₹1,256.60
₹1,333.52
+6.1%
7.2%₹1,520.00₹1,103.00₹1,498.3025
Jun ’24₹1,268.70
₹1,320.31
+4.1%
7.6%₹1,520.00₹1,103.00₹1,207.2026
May ’24₹1,092.90
₹1,245.54
+14.0%
7.3%₹1,410.00₹1,048.00₹1,205.7024
Apr ’24₹1,054.05
₹1,236.30
+17.3%
8.3%₹1,410.00₹1,026.00₹1,225.2523
Mar ’24₹1,080.05
₹1,233.32
+14.2%
8.4%₹1,410.00₹1,026.00₹1,274.1022
Feb ’24₹1,068.00
₹1,240.96
+16.2%
8.4%₹1,410.00₹1,026.00₹1,376.1023
Jan ’24₹1,157.40
₹1,247.50
+7.8%
7.8%₹1,400.00₹1,026.00₹1,308.6524
Dec ’23₹1,167.20
₹1,243.75
+6.6%
7.7%₹1,400.00₹1,026.00₹1,365.6024
Nov ’23₹1,089.90
₹1,293.52
+18.7%
9.2%₹1,500.00₹1,015.00₹1,271.1523

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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