Kajaria Ceramics Share Price Target 2027: Base and Bull Targets Built on FY26 Earnings
- October 9, 2026
- Posted by: Harsh Piplani
- Category: Market
Kajaria Ceramics share price Rs 1,216.00 (9 October 2026). Base target Rs 1,298, bull Rs 1,576, downside risk Rs 968. PE 34.73. 52W range Rs 869.60 to Rs 1,293.80.
Quick Answer
The Kajaria Ceramics share price target for 2027 is Rs 1,298, about 6.7% above the current price of Rs 1,216.00. The bull case is Rs 1,576, and the downside risk level, which is not a target, is Rs 968. The base case assumes earnings per share grow 7.2% a year, the pace seen from FY24 to FY26, with the stock holding its PE of 34.73. These are model-based estimates built from reported financials, not guaranteed outcomes.
Investors weighing a Kajaria Ceramics target price for 2027 should start with where the stock sits today. At Rs 1,216.00 on 9 October 2026, it is 6.0% below its 52-week high of Rs 1,293.80 and 39.8% above its 52-week low of Rs 869.60. That range spans 49% from low to high, so the entry point matters as much as the Kajaria Ceramics price forecast itself.
This article builds the Kajaria Ceramics share price target from reported numbers only: five years of annual results, the last five quarters, the latest shareholding pattern and current valuation ratios from company filings and exchange data. Each scenario shows its assumptions, so you can see exactly how the Rs 1,298 base case and the Rs 1,576 bull case were reached, along with a downside risk level of Rs 968.
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Kajaria Ceramics Stock Analysis: Company Overview and Key Stats
Kajaria Ceramics (NSE: KAJARIACER) has a market capitalisation of Rs 19,022 crore. In FY26 it reported revenue of Rs 4,883 crore and net profit of Rs 490.06 crore. The table collects the figures the Kajaria Ceramics share price target is built on.
| Metric | Value |
|---|---|
| Company | Kajaria Ceramics |
| NSE Ticker | KAJARIACER |
| CMP (9 October 2026) | Rs 1,216.00 |
| 52-Week High | Rs 1,293.80 |
| 52-Week Low | Rs 869.60 |
| Market Cap | Rs 19,022 crore |
| PE Ratio (TTM) | 34.73 |
| Industry PE | 30.27 |
| Price to Book | 6.21 |
| Return on Equity | 15.83% |
| Debt to Equity | 0.07 |
| EPS (TTM) | Rs 34.85 |
| Dividend Yield | 1.17% |
| 12-Month Base Target | Rs 1,298 |
| Bull Case | Rs 1,576 |
| Downside Risk Level (not a target) | Rs 968 |
Why Is Kajaria Ceramics Share Price Target Set at Rs 1,298 for 2027?
The base-case Kajaria Ceramics stock target of Rs 1,298 applies a PE multiple of 34.73 to a forward EPS estimate of Rs 37.37. That EPS assumes 7.2% yearly growth, the pace from FY24 to FY26, and puts the target 6.7% above the current price. The bull case adds faster earnings growth and a higher multiple, while the downside risk level assumes flat earnings and a lower multiple.
Earnings Growth Behind the Kajaria Ceramics Target Price: Five Years of Results
Kajaria Ceramics grew revenue 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 more slowly, from Rs 382.74 crore to Rs 490.06 crore (6.4% a year), which points to margin pressure alongside the sales growth.
| Financial Year | Revenue (Rs Cr) | Net Profit (Rs Cr) | EPS (Rs) | Dividend per Share (Rs) |
|---|---|---|---|---|
| FY22 | 3,732.76 | 382.74 | 23.68 | 11.00 |
| FY23 | 4,415.55 | 346.20 | 21.62 | 9.00 |
| FY24 | 4,520.23 | 443.50 | 26.48 | 12.00 |
| FY25 | 4,677.81 | 348.31 | 18.47 | 9.00 |
| FY26 | 4,883.22 | 490.06 | 30.44 | 14.00 |
FY26 revenue growth was 4.4%, slower than the four-year average of 6.9%, and net profit moved up 40.7%. EPS rose from Rs 26.48 in FY24 to Rs 30.44 in FY26. The FY27 outlook depends on whether that EPS estimate keeps compounding.
Margins and the Latest Quarter
Kajaria Ceramics converted 10.0% of FY26 revenue into net profit, against 7.4% in FY25, within a five-year range of 7.4% to 10.3%. EBITDA margin was 17.9% in FY26 versus 14.3% in FY25.
In the June 2026 quarter, revenue was Rs 1,345 crore, up 20.5% from the same quarter a year earlier, while net profit of Rs 171.03 crore was up 55.0%. EBITDA came in at Rs 277.52 crore, up 38.7% year on year. The next quarterly result is the first test of whether the earnings assumption holds.
Balance Sheet and Cash Flow
Debt to equity stands at 0.07, and shareholders’ equity grew from Rs 2,187 crore in FY22 to Rs 3,130 crore in FY26. Operating cash flow in FY26 was Rs 663.67 crore against capital expenditure of Rs 127.34 crore, leaving free cash flow of Rs 536.33 crore, or 2.8% of the current market capitalisation. In FY25 free cash flow was Rs 280.48 crore.
Valuation Check for the Kajaria Ceramics Stock Target: PE, Price to Book and ROE
At a PE of 34.73 against an industry PE of 30.27, Kajaria Ceramics trades at a premium to its industry. Price to book is 6.21 on a book value of Rs 195.07 per share, and return on equity is 15.83%. A PE of 34.73 equals an earnings yield of 2.9%, and the FY26 dividend of Rs 14.00 per share gives a yield of 1.17%.
Shareholding Pattern and Institutional Holding
Promoters held 47.69% of Kajaria Ceramics in June 2026, and promoter holding rose from 47.48% in June 2025 to 47.69% in June 2026. Foreign institutional investors (FII) held 11.58% and domestic institutions (DII) held 26.25%, which puts total institutional holding at 37.83%. FII holding fell from 12.55% in June 2025 to 11.58% in June 2026. Public shareholders own the remaining 14.48%. A meaningful institutional holding adds a layer of research coverage and trading depth.
Kajaria Ceramics Share Price Targets for the Short Term and 12 Months
Short Term Kajaria Ceramics Stock Target Levels: Technical Setup
At Rs 1,216.00 on 9 October 2026, Kajaria Ceramics trades below its 50-day simple moving average of Rs 1,217.88 and above its 200-day exponential moving average of Rs 1,148.76. The 14-day RSI reads 53.3, which is neutral territory, and the MACD line sits above its signal line. The nearest resistance level is Rs 1,217.88 (50-day simple moving average) and the nearest support is Rs 1,148.76 (200-day exponential moving average). A sustained move above Rs 1,217.88 would improve the short-term setup, while a close below Rs 1,148.76 would shift attention to the next support.
12 Month Kajaria Ceramics Target Price for 2027
The 12-month target for Kajaria Ceramics is Rs 1,298: forward EPS of Rs 37.37 at a PE of 34.73. That is 6.7% above Rs 1,216.00. It would also push the stock above its 52-week high of Rs 1,293.80.
How EPS Growth and PE Multiple Change the Kajaria Ceramics Target Price
| EPS Growth | PE 27.78 | PE 34.73 | PE 39.94 |
|---|---|---|---|
| 0.0% (EPS Rs 34.85) | Rs 968 | Rs 1,210 | Rs 1,392 |
| 7.2% (EPS Rs 37.37) | Rs 1,038 | Rs 1,298 | Rs 1,493 |
| 13.2% (EPS Rs 39.46) | Rs 1,096 | Rs 1,370 | Rs 1,576 |
Each cell multiplies the forward EPS estimate by the PE shown. Reading across a row shows what a de-rating or re-rating does to the Kajaria Ceramics price forecast, and reading down a column shows what earnings growth is worth at a fixed multiple.
Bull Case and Downside Risk for Kajaria Ceramics Stock Target in 2027
Bull Case Rs 1,576
The bull case Kajaria Ceramics price target needs EPS growth of 13.2%, which lifts forward EPS to Rs 39.46, and a PE multiple that rises 15% to 39.94. That gives Rs 1,576, 29.6% above the current price and above the 52-week high of Rs 1,293.80, so the stock would have to set a fresh 52-week high.
Downside Risk Level Rs 968
The downside risk level is not a target. It assumes EPS stays flat at Rs 34.85 and the PE falls 20% to 27.78. That gives Rs 968, 20.4% below the current price and above the 52-week low of Rs 869.60.
| Scenario | EPS Growth | PE Multiple | Price (Rs) | Change vs CMP |
|---|---|---|---|---|
| Bull Case | 13.2% | 39.94 | Rs 1,576 | +29.6% |
| Base Case | 7.2% | 34.73 | Rs 1,298 | +6.7% |
| Downside Risk | 0.0% | 27.78 | Rs 968 | -20.4% |
Key Risks to the Kajaria Ceramics Target Price for 2027
Growth Slowdown Risk for the Kajaria Ceramics Price Target
Revenue in the June 2026 quarter was up 20.5% year on year, and FY26 revenue growth was 4.4%. If growth slows from here, the EPS estimate behind the Kajaria Ceramics stock target will need revising.
Liquidity and Size Risk
Kajaria Ceramics has a market capitalisation of Rs 19,022 crore. Institutional holding is 37.83%, and promoters hold 47.69%. Stocks of this size are usually liquid, though exits can take longer than entries when the market is falling.
Valuation and Margin Risk
Net margin was 10.0% in FY26, and a squeeze from higher costs or weaker pricing would hit earnings first. At a PE of 34.73 versus an industry PE of 30.27, a de-rating toward the downside-risk PE of 27.78 would cut the price even if earnings hold.
Market and Technical Risk
The stock trades 6.0% below its 52-week high, with an RSI of 53.3 and a MACD reading above its signal line. Broader market weakness can override company fundamentals in the short term.
How to Invest in Kajaria Ceramics
Start with the live price and volume. Any Kajaria Ceramics share price target is only as current as the data behind it, and the data here is as of 9 October 2026, so refresh the Rs 1,216.00 price before acting on any level.
Next, review the fundamentals yourself. The Univest Screener lets you check Kajaria Ceramics’ PE, ROE, debt and shareholding in one place.
Check Kajaria Ceramics fundamentals on the Univest Screener
Then compare the three Kajaria Ceramics target price scenarios with your own view. If you expect EPS growth below 7.2%, the base case is too optimistic for you; if you expect more, the bull case deserves weight.
Decide your position size and exit levels before you buy. The support and resistance levels above can serve as reference points, but they are not recommendations.
Finally, place the order through a SEBI-registered broker or the Univest app, and review the position after each quarterly result. Consult a SEBI-registered advisor if you are unsure.
Download the Univest iOS App or Univest Android App to track Kajaria Ceramics live price and get daily stock recommendations.
Conclusion
The Kajaria Ceramics share price target for 2027 is Rs 1,298 in the base case, with Rs 1,576 as the bull case. The support for that view is arithmetic you can check: EPS grew 7.2% a year over FY24 to FY26, and the stock trades at a PE of 34.73. The risks are equally concrete, including a stock that sits 6.0% below its 52-week high and a downside scenario that cuts the price 20% if earnings stall. Use these numbers as a framework, check them against the latest filings, and size any position to your own risk appetite.
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).
FAQs on Kajaria Ceramics Share Price Target 2027
What is the Kajaria Ceramics share price target for 2027?
Ans. The base-case Kajaria Ceramics share price target for 2027 is Rs 1,298, with Rs 1,576 as the bull case. The downside risk level, which is not a target, is Rs 968. These are model estimates from reported earnings and the current PE, not guaranteed outcomes.
What is the Kajaria Ceramics share price today?
Ans. As of 9 October 2026, 3:29 PM IST, Kajaria Ceramics trades at Rs 1,216.00, up 0.45% on the day. The 52-week range is Rs 869.60 to Rs 1,293.80.
Is Kajaria Ceramics a buy or sell at the current price?
Ans. The data is mixed rather than one-sided: EPS has grown 7.2% a year over FY24 to FY26, but the stock is 6.0% below its 52-week high. Whether Kajaria Ceramics fits your portfolio depends on your time horizon and risk appetite, so consult a SEBI-registered advisor before investing. This article is not investment advice.
What are the bull case target and downside risk level for Kajaria Ceramics shares?
Ans. The bull case target is Rs 1,576, which assumes 13.2% EPS growth and a PE of 39.94. The downside risk level is Rs 968, which assumes flat EPS and a PE of 27.78. It marks a risk, not a target.
What are the main risks to the Kajaria Ceramics price target?
Ans. The main risks are slower revenue growth, a small market capitalisation of Rs 19,022 crore, a PE de-rating and short-term weakness in the broader market. Each is covered in the risk section above.
What is the PE ratio of Kajaria Ceramics and how does it compare with the industry?
Ans. The PE ratio of Kajaria Ceramics is 34.73 against an industry PE of 30.27. Price to book is 6.21 and return on equity is 15.83%. The base case in the Kajaria Ceramics price target holds this PE constant.
Who owns Kajaria Ceramics, and what is the promoter holding?
Ans. Promoters held 47.69% of Kajaria Ceramics in June 2026. FII held 11.58%, DII held 26.25% and the public held 14.48%.
What were Kajaria Ceramics’ latest quarterly results?
Ans. In the June 2026 quarter, Kajaria Ceramics reported revenue of Rs 1,345 crore (up 20.5% year on year) and net profit of Rs 171.03 crore (up 55.0%).
