Kajaria Ceramics share price target is one of the most discussed topics among investors and traders looking for growth in India’s ceramics and building materials sector. In this blog, we’ll cover an easy-to-understand technical and fundamental analysis of Kajaria Ceramics Ltd (NSE: KAJARIACER), focusing on whether the stock can break the Rs 1,750 mark in 2025.
Part 1: Technical Analysis
Technical Chart Insights
Observing the attached technical chart, Kajaria Ceramics demonstrates a classic “cup and handle” formation, which usually signals a bullish price breakout.
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Cup and Handle Formation:
The stock formed a rounded bottom (the “cup”) over several months, showing buyers gradually overpowering sellers. Recent sideways movement and a slight dip created the “handle”—often a final shakeout before an upward move. -
Key Resistance and Breakout Level:
The Rs 1,265 mark is acting as a major resistance. A firm close above this level, especially on strong volume, is likely to attract more buyers and signal a move toward the Rs 1,750 target. -
Support Indicators:
The green line (AVWAP from April 2023) and the red line (200 EMA) are important trend guides. Consistent price action above these lines shows sustained bullish sentiment and institutional support. -
Volume Confirmation:
Recent increases in volume, especially when price rebounds off support, add confidence to the bullish outlook. -
Trend Summary:
If Kajaria Ceramics holds above Rs 1,265 and surges past previous highs, a rally to the Rs 1,750 region in 2025 is possible. However, if the price drops below the 200 EMA or AVWAP, the stock might enter a consolidation phase.
Part 2: Fundamental Analysis
About Kajaria Ceramics Ltd
Kajaria Ceramics is India’s largest ceramic and vitrified tiles maker and 8th biggest globally. The company’s main business is manufacturing and trading ceramic wall and floor tiles, polished and glazed vitrified tiles, bathware solutions, and plywood & laminates.
Key Business Highlights
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Product Portfolio of Kajaria Ceramics:
Tiles contribute 88% of revenues; the rest comes from bathware, plywood, and adhesives. Key brands include Kajaria (tiles), Kerovit (bathware), and Kajaria Ply (wood solutions). -
Subsidiaries & Capacity:
Operates several subsidiaries for better market reach. Major plants are in Gujarat, Rajasthan, UP, AP, and Telangana, with combined capacity of 86.47 million sqm. -
Distribution & Branding:
Over 1,800 dealers and 400 exclusive showrooms across India. 3% of revenue is spent on branding, with Bollywood stars as ambassadors for a wide outreach. -
Expansions:
Recent investments in new manufacturing units in Gujarat, Nepal, and for premium products (sanitaryware, large tiles). The company targets value-added product lines and global growth via JVs in UAE and UK.
Financial Snapshot (as of August 2025)
| Metric | Value |
|---|---|
| Market Cap | ₹20,139Cr |
| Current Price | ₹1,264 |
| 52W High/Low | ₹1,579/745 |
| Stock P/E | 57.2 |
| Book Value | ₹172 |
| Dividend Yield | 0.95% |
| ROCE | 16.8% |
| ROE | 12.8% |
| Piotroski Score | 3 |
| Industry P/E | 57.8 |
| Reserves | ₹2,728Cr |
| Borrowings | ₹274Cr |
Growth Track Record
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Profit Trend (in ₹Cr, last 5 yrs): 309, 383, 346, 432, 300.
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Compounded Sales Growth: 5-year CAGR 11%, but only 2% TTM—reflecting some recent slowdown, likely due to cyclicality or higher base.
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Return on Equity: Averaged 15-17% over 10 years, showing steady capital efficiency.
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Low Debt: The balance sheet remains strong with low borrowings, giving room for future expansion.
Key Drivers
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Largest manufacturer and strong market leader in India.
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Focus on premiumization, expansion into sanitaryware/plywood, and strengthened branding.
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Extensive dealer network boosts reach, even into new geographies.
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Consistent innovation, new product launches, and global joint ventures support long-term growth.
Risks and Watch Points
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Sharp rise in competition or input costs could pressurize margins.
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Recent profit dip and low Piotroski score indicate the need for careful monitoring of operational efficiency.
Conclusion: Can Kajaria Ceramics Surpass Rs 1,750 in 2025?
Kajaria Ceramics share price target: With its robust technical setup (cup and handle pattern above 200 EMA and AVWAP) and solid fundamentals as market leader, Kajaria Ceramics share price target of Rs 1,750 in 2025 is within reach if bullish momentum and business growth continue. Investors should track quarterly earnings, expansion success, and industry demand for additional confirmation.
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