Kajaria Ceramics Limited

NSEI:KAJARIACER Stock Report

Mkt Cap: ₹174.7b

We’ve recently updated our valuation analysis.

Kajaria Ceramics Valuation

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

Valuation Score

1/6

Valuation Score 1/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

KAJARIACER key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue4.1x
Enterprise Value/EBITDA28x
PEG Ratio1.9x

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for KAJARIACER vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average56.3x
500067 Blue Star
49.5x24.0%₹118.9b
ASTRAL Astral
92.3x23.8%₹395.0b
532443 Cera Sanitaryware
38.1x18.6%₹70.7b
PRINCEPIPE Prince Pipes and Fittings
45.3x33.3%₹66.7b
KAJARIACER Kajaria Ceramics
46x24.8%₹174.7b

Price-To-Earnings vs Peers: KAJARIACER is good value based on its Price-To-Earnings Ratio (46x) compared to the peer average (56.3x).


Price to Earnings Ratio vs Industry

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

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a24.9%
n/an/an/a

Price-To-Earnings vs Industry: KAJARIACER is expensive based on its Price-To-Earnings Ratio (46x) compared to the Indian Building industry average (22.9x)


Price to Earnings Ratio vs Fair Ratio

What is KAJARIACER'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.

KAJARIACER PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio46x
Fair PE Ratio36.5x

Price-To-Earnings vs Fair Ratio: KAJARIACER is expensive based on its Price-To-Earnings Ratio (46x) compared to the estimated Fair Price-To-Earnings Ratio (36.5x).


Share Price vs Fair Value

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

Below Fair Value: KAJARIACER (₹1097.55) is trading above our estimate of fair value (₹348.2)

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


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 KAJARIACER forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current₹1,097.55
₹1,244.35
+13.4%
7.8%₹1,400.00₹1,026.00n/a23
Jan ’24₹1,160.20
₹1,247.50
+7.5%
7.8%₹1,400.00₹1,026.00n/a24
Dec ’23₹1,166.10
₹1,243.75
+6.7%
7.7%₹1,400.00₹1,026.00n/a24
Nov ’23₹1,088.70
₹1,293.52
+18.8%
9.2%₹1,500.00₹1,015.00n/a23
Oct ’23₹1,200.40
₹1,286.13
+7.1%
9.4%₹1,500.00₹1,015.00n/a23
Sep ’23₹1,182.70
₹1,276.13
+7.9%
9.0%₹1,500.00₹1,015.00n/a23
Aug ’23₹1,143.25
₹1,262.30
+10.4%
9.0%₹1,500.00₹1,015.00n/a23
Jul ’23₹959.60
₹1,244.68
+29.7%
10.0%₹1,500.00₹1,015.00n/a22
Jun ’23₹1,053.75
₹1,255.29
+19.1%
10.7%₹1,500.00₹1,015.00n/a21
May ’23₹1,033.50
₹1,373.32
+32.9%
10.6%₹1,650.00₹1,026.00n/a22
Apr ’23₹1,002.65
₹1,376.50
+37.3%
10.7%₹1,650.00₹1,026.00n/a22
Mar ’23₹1,081.25
₹1,411.86
+30.6%
10.3%₹1,650.00₹1,026.00n/a22
Feb ’23₹1,336.70
₹1,411.86
+5.6%
10.3%₹1,650.00₹1,026.00n/a22
Jan ’23₹1,289.95
₹1,279.90
-0.8%
12.8%₹1,550.00₹1,026.00₹1,160.2020
Dec ’22₹1,124.10
₹1,279.90
+13.9%
12.8%₹1,550.00₹1,026.00₹1,166.1020
Nov ’22₹1,221.60
₹1,272.25
+4.1%
12.6%₹1,550.00₹1,026.00₹1,088.7020
Oct ’22₹1,199.35
₹1,113.80
-7.1%
8.1%₹1,355.00₹960.00₹1,200.4020
Sep ’22₹1,159.35
₹1,113.80
-3.9%
8.1%₹1,355.00₹960.00₹1,182.7020
Aug ’22₹994.25
₹1,048.20
+5.4%
10.2%₹1,240.00₹835.00₹1,143.2520
Jul ’22₹988.35
₹1,048.74
+6.1%
10.6%₹1,240.00₹835.00₹959.6019
Jun ’22₹966.10
₹905.71
-6.3%
10.6%₹1,085.00₹670.00₹1,053.7517
May ’22₹912.95
₹906.78
-0.7%
10.3%₹1,085.00₹670.00₹1,033.5018
Apr ’22₹941.95
₹901.22
-4.3%
10.3%₹1,085.00₹670.00₹1,002.6518
Mar ’22₹937.40
₹901.22
-3.9%
10.3%₹1,085.00₹670.00₹1,081.2518
Feb ’22₹830.95
₹854.32
+2.8%
14.9%₹1,000.00₹421.00₹1,336.7019
Jan ’22₹709.35
₹608.21
-14.3%
16.9%₹808.00₹365.00₹1,289.9519

Analyst Forecast: Target price is less than 20% higher than the current share price.


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