Kajaria Ceramics Share Price Target 2023, 2024, 2025 to 2030

Kajaria Ceramics, the largest manufacturer of ceramic and vitrified tiles in India, has established itself as a leader in the industry with its commitment to quality, innovation, and customer satisfaction. With an annual aggregate capacity of 81.55 million square meters and cutting-edge manufacturing units equipped with advanced technology, Kajaria offers a wide range of ceramic wall and floor tiles, vitrified tiles, and designer tiles to meet the evolving demands of Indian consumers. Over the past 34 years, the company has experienced significant growth, expanding its capacity and product offerings. With a strong brand reputation and an extensive distribution network, Kajaria Ceramics continues to cater to the aspirations of discerning customers in India and beyond.

Investors may be interested in learning about Kajaria Ceramics’ share price target from 2023 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.

Kajaria Ceramics Q2 2023 Financial Highlights

  • Kajaria Ceramics reported a 54.5% year-on-year increase in net profit for the second quarter, reaching ₹108 crore, compared to ₹70 crore in the same period the previous year.
  • Revenue from operations during the quarter stood at ₹1,121.6 crore, up 4.1% from ₹1,077.8 crore in the corresponding period of the preceding fiscal.
  • EBITDA increased by 39% to ₹179.8 crore, with an EBITDA margin of 16% in the reporting quarter, compared to 12% in the corresponding period the previous fiscal.
  • Sustained weakness in domestic demand for tiles affected Q2 FY24 volumes, which grew by 6%.
  • The company’s board approved an interim dividend of Rs 6 per share for the financial year 2023-24.
  • The board also approved an increase in the limits of investments in Kajaria Plywood Pvt Ltd, a wholly-owned subsidiary, from Rs 70 crore to Rs 80 crore.
  • Kajaria Ceramics shares ended at ₹1,238.10, down 1.74% on the BSE.

How to buy Kajaria Ceramics shares?

You can buy Kajaria Ceramics shares from the following trading platforms:

➤ Zerodha

➤ Upstox

➤ Groww

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➤ AngelOne

➤ ICICIDirect

Share Price Prediction of Kajaria Ceramics: 2023 to 2030

Kajaria Ceramics Share Price Target 2023

When Maximum Price Minimum Price
November 2023 ₹1,315.69 ₹1,196.08
December 2023 ₹1,359.10 ₹1,235.55

As of October 2023, Kajaria Ceramics’ share price stands at ₹1,220, with a market capitalization of ₹19,429 crore.

Predictions for the share price in November 2023 suggest a maximum target of ₹1,315.69 and a minimum target of ₹1,196.08, while December 2023 projections indicate a maximum of ₹1,359.10 and a minimum of ₹1,235.55.

These forecasts are based on various market factors, including company performance, industry trends, and economic conditions, and they provide a range of potential prices for the coming months.

Kajaria Ceramics Share Price Target 2024

When Maximum Price Minimum Price
January 2024 ₹1,386.84 ₹1,205.95
February 2024 ₹1,415.14 ₹1,230.56
March 2024 ₹1,444.02 ₹1,255.67
April 2024 ₹1,401.97 ₹1,219.10
May 2024 ₹1,381.25 ₹1,201.08
June 2024 ₹1,430.97 ₹1,244.32
July 2024 ₹1,416.66 ₹1,231.88
August 2024 ₹1,473.33 ₹1,281.15
September 2024 ₹1,532.26 ₹1,332.40
October 2024 ₹1,502.22 ₹1,306.28
November 2024 ₹1,547.28 ₹1,345.46
December 2024 ₹1,585.97 ₹1,379.10

In 2024, Kajaria Ceramics’ share price is expected to experience a range of fluctuations, as per the provided forecasts.

In January 2024, the maximum target price is anticipated to be ₹1,386.84, with a minimum of ₹1,205.95, and these fluctuations are expected to continue throughout the year.

By December 2024, the share price is projected to reach a maximum of ₹1,585.97 and a minimum of ₹1,379.10. These forecasts take into account a variety of market factors, and while they provide an outlook for the year, it’s important to remember that actual stock prices can be influenced by numerous dynamic factors, making these predictions subject to change. Investors should conduct thorough research and consider various factors before making investment decisions.

Kajaria Ceramics Share Price Target 2025

When Maximum Price Minimum Price
January 2025 ₹1,617.68 ₹1,244.37
February 2025 ₹1,659.16 ₹1,276.28
March 2025 ₹1,723.87 ₹1,326.05
April 2025 ₹1,690.07 ₹1,300.05
May 2025 ₹1,640.84 ₹1,262.19
June 2025 ₹1,714.68 ₹1,318.99
July 2025 ₹1,681.06 ₹1,293.12
August 2025 ₹1,733.05 ₹1,333.12
September 2025 ₹1,793.71 ₹1,379.78
October 2025 ₹1,840.35 ₹1,415.65
November 2025 ₹1,886.35 ₹1,451.04
December 2025 ₹1,933.51 ₹1,487.32

In the coming year, Kajaria Ceramics’ share price is expected to exhibit a wide range of fluctuations, as outlined in the monthly projections for 2025.

January 2025 sets the stage with a projected share price fluctuating between a minimum of ₹1,244.37 and a maximum of ₹1,617.68. These variations persist throughout the year. February 2025 anticipates a minimum price of ₹1,276.28 and a maximum of ₹1,659.16. As spring arrives in March 2025, the share price is forecasted to oscillate between ₹1,326.05 (minimum) and ₹1,723.87 (maximum). In April 2025, investors can expect the share price to range from a minimum of ₹1,300.05 to a maximum of ₹1,690.07.

Throughout the year, the share price continues to show fluctuations with variations ranging from a minimum of ₹1,262.19 to a maximum of ₹1,933.51 by December 2025. These forecasts are influenced by a myriad of factors, including the company’s performance, industry trends, economic conditions, and market sentiment.

Kajaria Ceramics Share Price Target 2026 – 2030

Year Maximum Price Minimum Price
2026 ₹2,030.19 ₹1,421.13
2027 ₹2,233.21 ₹1,563.25
2028 ₹3,126.49 ₹1,563.25
2029 ₹2,706.92 ₹1,353.46
2030 ₹3,518.99 ₹2,463.30

Investors looking to the future of Kajaria Ceramics have an exciting journey ahead. The projected share price targets for the years 2026 to 2030 offer a compelling opportunity for growth and investment.

In 2026, the share price is estimated to reach a maximum of ₹2,030.19, with a minimum of ₹1,421.13. This suggests substantial potential for upward movement and profitability.

2027 promises even more impressive gains, with projections indicating a maximum share price of ₹2,233.21 and a minimum of ₹1,563.25. This is a clear indication of Kajaria Ceramics’ commitment to delivering value to its investors.

The outlook remains robust in 2028, with the potential for a significant surge in share price, ranging from a minimum of ₹1,563.25 to an astonishing maximum of ₹3,126.49.

2029 maintains this growth trajectory, with projections showing a maximum share price of ₹2,706.92 and a minimum of ₹1,353.46, offering investors a promising path to financial prosperity.

Looking further ahead to 2030, the sky’s the limit, with a maximum share price forecasted at ₹3,518.99 and a minimum of ₹2,463.30. Kajaria Ceramics’ strategic focus on expansion and innovation positions it as an attractive opportunity for investors seeking substantial returns.

With a track record of growth and a future brimming with potential, Kajaria Ceramics is an enticing prospect for investors eager to be part of a dynamic and prosperous journey in the years ahead. This investment opportunity is underpinned by the company’s vision, industry expertise, and commitment to delivering value to its shareholders.

Financial Condition of Kajaria Ceramics: Last 5 years

Narration Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Sales 2,956 Cr 2,808 Cr 2,781 Cr 3,705 Cr 4,382 Cr
Expenses 2,501 Cr 2,391 Cr 2,266 Cr 3,093 Cr 3,790 Cr
Operating Profit 455 Cr 417 Cr 515 Cr 612 Cr 592 Cr
OPM (%) 15% 15% 19% 17% 14%
Other Income 8 Cr 23 Cr 15 Cr 26 Cr 26 Cr
Interest 16 Cr 20 Cr 11 Cr 13 Cr 22 Cr
Depreciation 89 Cr 108 Cr 107 Cr 115 Cr 133 Cr
Profit before tax 358 Cr 312 Cr 413 Cr 510 Cr 462 Cr
Tax (%) 36% 19% 25% 25% 25%
Net Profit 229 Cr 254 Cr 309 Cr 383 Cr 346 Cr
EPS (₹) 14.25 16.06 19.36 23.68 21.64
Dividend Payout (%) 21% 19% 52% 46% 42%

The financial figures for the last five years of Kajaria Ceramics showcase a positive growth trajectory. The company has witnessed consistent growth in sales, with revenues increasing from 2,956 Cr in 2019 to 4,382 Cr in 2023. This signifies the company’s ability to attract customers and generate higher revenue streams. However, it is important to note that expenses have also shown an upward trend, rising from 2,501 Cr in 2019 to 3,790 Cr in 2023. This indicates that the company has been investing in various areas, such as operations and expansion, to support its growth.

The operating profit has remained relatively stable, indicating the company’s ability to manage its expenses effectively. The net profit has shown consistent growth, from 229 Cr in 2019 to 346 Cr in 2023, indicating the company’s ability to generate profits and deliver value to its shareholders.

Looking ahead, Kajaria Ceramics is well-positioned to capitalize on the increasing demand for ceramic and vitrified tiles in India. The growth in the real estate and construction sectors, along with the government’s focus on infrastructure development, provides a favorable market environment for the company. Additionally, Kajaria’s strong brand reputation, extensive distribution network, and constant innovation in design and technology are expected to drive future growth.

However, it is important to closely monitor factors such as raw material prices, competition, and economic conditions, as they can influence the company’s financial performance. By maintaining a focus on cost management, product innovation, and market expansion, Kajaria Ceramics can sustain its growth momentum and continue delivering positive results in the future.

Kajaria Ceramics share price target by Experts

ICICI Securities on Kajaria Ceramics Share Price

ICICI Securities recommends purchasing Kajaria Ceramics, with a target price set at Rs 1454.

HDFC Securities on Kajaria Ceramics Share Price

HDFC Securities advises investors to buy Kajaria Ceramics, setting a target price of Rs 1470.

Motilal Oswal Securities on Kajaria Ceramics Share Price

Motilal Oswal Securities Bullish on Kajaria Ceramics, Sets Target Price at Rs 1490


Will the share price of Kajaria Ceramics increase in 2023?

It is anticipated that Kajaria Ceramics per share price will increase to ₹1,359.10 by the end of 2023.

What is the Kajaria Ceramics share price target for 2025?

The share price target of Kajaria Ceramics for 2025 might be in between ₹1,300.05 and ₹1,933.51.

What is the current market capitalization of Kajaria Ceramics?

The current market capitalization of Kajaria Ceramics is ₹19,429 Crore.

What is the Kajaria Ceramics share price target for 2030?

The per share price of Kajaria Ceramics might reach in between ₹2,463.30 and ₹3,518.99 by the end of 2030.

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Conclusion: Should you buy Kajaria Ceramics share price in 2023 or in Future?

Investing in Kajaria Ceramics presents an attractive opportunity based on its strong financial performance and promising price predictions. Over the years, the company has demonstrated consistent sales growth, with revenues increasing from ₹1,313 crore in Mar 2012 to ₹4,382 crore in Mar 2023. The operating profit margin has remained above 15%, indicating improved efficiency and profitability. Moreover, the net profit has shown steady growth, reaching ₹346 crore in Mar 2023, while the earnings per share (EPS) has consistently risen to ₹21.64. Additionally, the price predictions suggest a positive trend, with the maximum share price expected to reach ₹1,960 in Dec 2024.

However, it is important to note that investment decisions should be based on careful analysis and consideration of individual financial goals and risk tolerance. Conducting further research and consulting with a financial advisor is recommended before making any investment decisions.

Considering the positive financial figures, including strong sales growth, improved profitability, and increasing EPS, coupled with the predicted upward trend in share prices, investing in Kajaria Ceramics may be a promising opportunity. The company’s solid financial performance, coupled with its reputation in the industry and product portfolio, positions it well for future growth and potential returns for investors. However, it is important to conduct thorough research and consider individual investment goals and risk tolerance before making any investment decisions.

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Author: Neha BhardwajHello, I am Neha. I am currently pursuing B.Sc (Hons.) Computer Science from Hansraj College, University of Delhi. I am skilled in web content writing and my interest lies in the field of Data Analytics, Finance and Marketing.

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