3 Largest Ceramic Tile Maker, Mid Income Housing Developer and Paints and Coatings Maker Stocks With a Strong Future Roadmap: Kajaria Ceramics, Ashiana Housing and Berger Paints India
- October 30, 2026
- Posted by: Lakshit Sharma
- Category: Best Stocks
Kajaria Ceramics, Ashiana Housing and Berger Paints India: ROE of 13.6% to 16.3% and FY22 to FY26 revenue CAGR of 6.9% to 50.2%. Prices as of 29 Oct 2026.
Quick Answer
The three tile, mid income housing and paint stocks to watch are Kajaria Ceramics, Ashiana Housing and Berger Paints India. Their return on equity ranges from 13.6% to 16.3%, and their revenue compound annual growth from FY22 to FY26 ranges from 6.9% to 50.2%. Berger Paints India has the highest return on equity at 16.3%, while Ashiana Housing has the fastest revenue growth at 50.2% a year. Prices are based on the 29 October 2026 close, and this article is educational, not investment advice.
Tile, mid income housing and paint stocks offer a focused view of a sector where demand keeps widening. Kajaria Ceramics, Ashiana Housing and Berger Paints India cover the largest tile maker, a mid income housing developer and a decorative and industrial paints maker.
This list covers three tile, mid income housing and paint stocks with complete current figures: Kajaria Ceramics, Ashiana Housing and Berger Paints India. Every figure comes from the latest reported financials and the 29 October 2026 market close. Companies without complete current figures were left out.
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What Are Tile, Mid Income Housing and Paint Stocks?
Tile, mid income housing and paint stocks are listed companies that make ceramic and vitrified tiles through a large dealer network, build mid income homes and senior living communities and sell paints and coatings for homes and industry. Their earnings depend on housing activity, home upgrades and input costs.
Tile, Mid Income Housing and Paint Stocks at a Glance
| Company | CMP (Rs) | Market Cap (Rs Cr) | P/E | Industry P/E | ROE (%) | D/E |
|---|---|---|---|---|---|---|
| Kajaria Ceramics | 1,102.1 | 18,977 | 34.6 | 31.1 | 15.8 | 0.07 |
| Ashiana Housing | 341.55 | 3,586 | 30.3 | 30.7 | 13.6 | 0.35 |
| Berger Paints India | 466.55 | 54,785 | 45.0 | 42.6 | 16.3 | 0.09 |
On valuation, Ashiana Housing trades at a P/E below the industry P/E, while Kajaria Ceramics and Berger Paints India trade above it, which reflects the growth the market already expects. Readers comparing tile, mid income housing and paint stocks should look at return on equity and debt together, since a high return earned with low debt is easier to sustain.
Why Do Tile, Mid Income Housing and Paint Stocks Have a Strong Roadmap in India?
Tile, mid income housing and paint stocks have a strong roadmap in India because rising urban incomes, new home launches and growing spending on floors, paint and renovation keep widening the market for these housing linked companies.
- New homes. Fresh launches create finishing demand.
- Home upgrades. Owners spend on floors and paint.
- Dealer reach. Wide networks serve builders and homeowners.
Why Kajaria Ceramics Features Among These Tile, Mid Income Housing and Paint Stocks
Among the tile, mid income housing and paint stocks on this list, Kajaria Ceramics is India’s largest ceramic and vitrified tile maker, with plants across several states and a large dealer network.
Revenue rose from Rs 3,733 crore in FY22 to Rs 4,883 crore in FY26, a compound annual growth rate of 6.9%. Net profit grew from Rs 383 crore in FY22 to Rs 490 crore in FY26, which works out to a compound annual growth rate of 6.4%.
In the June 2026 quarter, revenue grew 20.5% year on year to Rs 1,345 crore, while net profit rose 55.0% to Rs 171 crore. The company has a return on equity of 15.8%, a debt to equity ratio of 0.07 and a market capitalisation of Rs 18,977 crore. The stock trades at a P/E of 34.6, above the industry P/E of 31.1.
Roadmap: The company has added capacity in tiles and widened into adhesives, sanitaryware and faucets, which allows it to sell more products to each customer. Demand from housing, redevelopment and commercial building supports tile volumes.
What to watch: Check the capacity utilisation in newer plants and growth in the bath products business.
Why Ashiana Housing Features Among These Tile, Mid Income Housing and Paint Stocks
Among the floor, wall and home shares on this list, Ashiana Housing develops mid-income residential projects and senior living communities in cities such as the Delhi region, Jaipur and Chennai. It is known for its focus on construction quality and timely delivery.
Revenue rose from Rs 234 crore in FY22 to Rs 1,187 crore in FY26, a compound annual growth rate of 50.2%. Net profit grew from Rs 27.9 crore in FY23 to Rs 118 crore in FY26, which works out to a compound annual growth rate of 61.7%.
The company has a return on equity of 13.6%, a debt to equity ratio of 0.35 and a market capitalisation of Rs 3,586 crore. The stock trades at a P/E of 30.3, below the industry P/E of 30.7.
Roadmap: The company is launching new phases in established markets and growing its senior living portfolio. A reputation for delivery supports sales in its projects.
What to watch: Track sales bookings, project launches and deliveries.
Why Berger Paints India Features Among These Tile, Mid Income Housing and Paint Stocks
Among the three companies on this list, Berger Paints India is a leading paint maker with decorative, industrial and protective coatings, selling through a wide dealer network across India and in select overseas markets.
The company has a return on equity of 16.3%, a debt to equity ratio of 0.09 and a market capitalisation of Rs 54,785 crore. The stock trades at a P/E of 45.0, above the industry P/E of 42.6.
Revenue rose from Rs 8,826 crore in FY22 to Rs 11,987 crore in FY26, a compound annual growth rate of 8.0%. Net profit grew from Rs 833 crore in FY22 to Rs 1,128 crore in FY26, which works out to a compound annual growth rate of 7.9%. In the June 2026 quarter, revenue grew 12.2% year on year to Rs 3,623 crore, while net profit rose 28.6% to Rs 405 crore.
Roadmap: The company is expanding capacity and its dealer reach while adding home improvement and waterproofing products. Housing demand and repainting cycles support steady volumes.
What to watch: Track volume growth, new capacity and input costs.
Kajaria Ceramics vs Ashiana Housing vs Berger Paints India on Key Financials
The table below sets the three tile, mid income housing and paint stocks side by side on revenue, profit and margin, using reported figures.
| Company | FY22 Revenue (Rs Cr) | FY26 Revenue (Rs Cr) | Revenue CAGR (FY22-FY26) | FY26 Net Profit (Rs Cr) | FY26 Net Margin |
|---|---|---|---|---|---|
| Kajaria Ceramics | 3,733 | 4,883 | 6.9% | 490 | 10.0% |
| Ashiana Housing | 234 | 1,187 | 50.2% | 118 | 9.9% |
| Berger Paints India | 8,826 | 11,987 | 8.0% | 1,128 | 9.4% |
Berger Paints India posts the highest return on equity in this group at 16.3%. Berger Paints India has the largest FY26 revenue at Rs 11,987 crore, and Ashiana Housing shows the fastest revenue growth with a 50.2% compound annual rate. A useful habit with tile, mid income housing and paint stocks is to check each new quarterly result against the capacity plans the company described earlier.
Key Risks to Check Before Investing in Tile, Mid Income Housing and Paint Stocks
Every theme carries risks that deserve a check before any decision. For these tile, mid income housing and paint stocks, the main points are: Long-term floor, wall and home shares holders usually track revenue growth, margins and cash flow side by side rather than relying on a single ratio.
- Housing cycles. Real estate and building demand can vary with rates and sentiment.
- Input costs. Metal and material prices can move margins.
- Valuation levels. Some of these companies trade at high earnings multiples, so growth must continue to justify them.
Treat this list as a starting point for research and not as a recommendation. Read the latest results presentation, check the management commentary on order books or capacity plans, and compare each company with its peers before you decide anything.
Use the Univest Stock Screener to filter tile, mid income housing and paint stocks by market capitalisation, P/E, ROE and growth, and build your own shortlist.
Final Thoughts on Tile, Mid Income Housing and Paint Stocks
Tile, mid income housing and paint stocks reward patient research into demand, execution and financial strength. Kajaria Ceramics, Ashiana Housing and Berger Paints India each have a clear plan to grow. Based on the 29 October 2026 close, Kajaria Ceramics trades at Rs 1,102.1, Ashiana Housing at Rs 341.55 and Berger Paints India at Rs 466.55. Valuation matters as much as growth, so compare each company’s P/E with its industry P/E before adding any of these tile, mid income housing and paint stocks to a watchlist.
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Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
What are tile, mid income housing and paint stocks?
Ans. Tile, mid income housing and paint stocks are listed companies that make ceramic and vitrified tiles through a large dealer network, build mid income homes and senior living communities and sell paints and coatings for homes and industry. Their earnings depend on housing activity, home upgrades and input costs. This list looks at three of them, Kajaria Ceramics, Ashiana Housing and Berger Paints India, using reported FY22 to FY26 financials and the 29 October 2026 closing prices.
Which tile, mid income housing and paint stocks are covered in this list?
Ans. This list covers Kajaria Ceramics, Ashiana Housing and Berger Paints India. Based on the 29 October 2026 close, Kajaria Ceramics traded at Rs 1,102.1, Ashiana Housing at Rs 341.55 and Berger Paints India at Rs 466.55. Their return on equity ranges from 13.6% to 16.3%, and their revenue compound annual growth from FY22 to FY26 ranges from 6.9% to 50.2%.
Why do tile, mid income housing and paint stocks have a strong future roadmap in India?
Ans. Tile, mid income housing and paint stocks have a strong roadmap in India because rising urban incomes, new home launches and growing spending on floors, paint and renovation keep widening the market for these housing linked companies. The main drivers are as follows. New homes. Fresh launches create finishing demand. Home upgrades. Owners spend on floors and paint. Dealer reach. Wide networks serve builders and homeowners. Together these factors give the companies on this list a visible path for growth over the coming years.
How has Kajaria Ceramics performed financially?
Ans. Revenue rose from Rs 3,733 crore in FY22 to Rs 4,883 crore in FY26, a compound annual growth rate of 6.9%. Net profit grew from Rs 383 crore in FY22 to Rs 490 crore in FY26, which works out to a compound annual growth rate of 6.4%. In the June 2026 quarter, revenue grew 20.5% year on year to Rs 1,345 crore, while net profit rose 55.0% to Rs 171 crore. The company has a return on equity of 15.8%, a debt to equity ratio of 0.07 and a market capitalisation of Rs 18,977 crore. The stock trades at a P/E of 34.6, above the industry P/E of 31.1. Looking ahead, the company has added capacity in tiles and widened into adhesives, sanitaryware and faucets, which allows it to sell more products to each customer. Demand from housing, redevelopment and commercial building supports tile volumes.
How has Ashiana Housing performed financially?
Ans. Revenue rose from Rs 234 crore in FY22 to Rs 1,187 crore in FY26, a compound annual growth rate of 50.2%. Net profit grew from Rs 27.9 crore in FY23 to Rs 118 crore in FY26, which works out to a compound annual growth rate of 61.7%. The company has a return on equity of 13.6%, a debt to equity ratio of 0.35 and a market capitalisation of Rs 3,586 crore. The stock trades at a P/E of 30.3, below the industry P/E of 30.7. Looking ahead, the company is launching new phases in established markets and growing its senior living portfolio. A reputation for delivery supports sales in its projects.
How has Berger Paints India performed financially?
Ans. Revenue rose from Rs 8,826 crore in FY22 to Rs 11,987 crore in FY26, a compound annual growth rate of 8.0%. Net profit grew from Rs 833 crore in FY22 to Rs 1,128 crore in FY26, which works out to a compound annual growth rate of 7.9%. In the June 2026 quarter, revenue grew 12.2% year on year to Rs 3,623 crore, while net profit rose 28.6% to Rs 405 crore. The company has a return on equity of 16.3%, a debt to equity ratio of 0.09 and a market capitalisation of Rs 54,785 crore. The stock trades at a P/E of 45.0, above the industry P/E of 42.6. Looking ahead, the company is expanding capacity and its dealer reach while adding home improvement and waterproofing products. Housing demand and repainting cycles support steady volumes.
What risks should investors check before buying tile, mid income housing and paint stocks?
Ans. Investors should check a few risks before buying tile, mid income housing and paint stocks. Housing cycles. Real estate and building demand can vary with rates and sentiment. Input costs. Metal and material prices can move margins. Valuation levels. Some of these companies trade at high earnings multiples, so growth must continue to justify them. Reading the latest results presentation and comparing each company with its peers helps judge how these risks apply to each stock.
Is this list of tile, mid income housing and paint stocks investment advice?
Ans. No. This article is educational and uses publicly available data as of the 29 October 2026 close. Please verify figures on NSE and BSE, read company filings and consult a SEBI registered adviser before investing. Univest is SEBI registered research analyst INH000013776.