PRESENTED BY:

OJASWINI GUPTA (JIML-11-104) PANKHURI SARAN (JIML-11-110) POORVI CHIB (JIML-11-111) PRABHAT SINGH (JIML-11-113) PRABHJOT SINGH (JIML-11-114)

 Incorporated in 1985. Indias largest ceramics floor and wall tiles manufacturing

company. Promoted by Mr. Ashok Kumar Kajaria. It offers approx. 500 designs

CERAMIC WALL AND FLOOR TILES

POLISHED VITRIFIED TILES

VITRIFIED PAVING TILES

WOODEN FLOORING

SANITARY AND FITTINGS

 Revenue- increase in revenue in last three financial

year.

impact of extended capacity. increase in domestic sale & exports. Operational Cost- also growing each year. increased operational scale hiked input cost rupee depriciation jump in power & fuel cost. increase labour for expended operational scale.

 Interest- interest liability increase over the year despite

a decline in total debt position.

loan taken for expansion in 2010-11 are charged in P\L

account of 2011-12. due to foreign exchange loss Interest rate hike during years.

Taxation- increase in tax due to increase in profit

before tax.

 Short term solvency of the company is low

Company adopts aggressive current asset policy. Fixed asset are able to cover long term debt obligation.

Net worth as comparison to capital employed is

increasing. Long tern bowering is decreasing as company deployed business surplus.

Current Ratio Quick Ratio

Lower than the ideal ratio Short term solvency of the company is low

Used to test the short term liquidity Lower than the bench mark

Debt Equity Ratio

Favorable for the company Lower the ratio higher is the degree of protection to lenders

Fixed Assets Coverage Ratio Return on Sale, Return on Equity, Return on Investment

Good in all three years Able to cover its debt obligations

Increasing ROS, Operational Efficiency is good Increasing ROE, Able to generate profit by investors money High ROI Better for the company

Activity Ratios

Low Raw Material, W.I.P. , Finished Goods Holding Period, Average Collection Period High Average Collection Period Taking time to pay to the creditors.

31st

March 2012

Cash from Operation 784 Utilized for proceeds from short and long term borrowings , finance dividends and purchasing assets Negative Cash from Investing and Financing Activities Net increase in cash and cash equivalent items

31stMarch 2011

Cash flow from operations 1583.5 Used to finance dividends and assets Negative Investing Activities and Positive Financing Activities Net Decrease in Cash and Cash Equivalent Items
Cash from Operations 1077.2 Utilized for paying dividends, proceed from borrowings and fixed assets purchases. Negative Investing and Financing Activities. Net Decrease in cash and cash equivalent items .

31st

March 2010

1. CREDIT RATING: ICRA rated A

2. COMPETITION: Major competitors areJohnson 2. Bell 3. Somany Pilkingstons Ltd. 4. Sun Earth
1.

World Ranking in Ceramic Tile Industry is 5TH.

3. AWARDS AND RECOGNITION:

1. 2. 3.

SUPER BRAND 6th consecutive time READERS DIGEST TRUSTED BRAND GOLD AWARD for the year 2010, 2011 and 2012. INDIAN GREEN BUILDING COUNCIL - eco friendly process used in manufacturing.

1. TECHNICAL COLLABORATIONS:
Ceramic Glaze (Wall and Floor)- TODAGRES, SPAIN TILES

2. TECHNICAL KNOW HOW 3. ENVIRONMENTAL CONCERN : Certifications

across all its plants: ISO 9001-2008- Quality Management System OHSAS 18001- Occupational Health & Safety SA-8000For Commitment to Society ISO 22000Food Safety Management System ISO 50001For Energy Management System

4. PLANT LAYOUT 5. PRODUCTION CAPACITY:

PLANT Sikandrabad (UP) Gailpur (Rajasthan) Morbi (Gujarat)* Vijaywada (Andhra Pradesh)* CERAMIC TILES 3.2 14.1 4.6 2.3 VITRIFIED TOTAL TILES 5 6 3.1 8.2 20.1 7.7 2.3

MARKET REPUTATION:
One of the Leading players In organized segment of tiles

industry in India High volume exporter of vitrified tiles and glazed tiles

RETAIL SEGMENT DEMAND:

KAJARIA-70% and Industry Bench Mark- 50%
Mushrooming Middle Class Rising population Demographics Retail Consumption Replacement of Market Disposable Income

INSTITUTIONAL SEGMENT DEMAND:

Organized sector playing a dominant role in realty creation Leveraging long-standing business relations with branded

players.
Airport modernization Commercial real space Organized retail Hospitality sector

Healthcare sector
Urbanization

COMPETENCE:
Widest and fast growing Product Basket. Intensive Distribution Network 15% market share of organized tile industry.

STRENGTHS
Growth of 12-15 percent in spite of slowdown in economy Kajaria is Indias largest ceramic floor and wall tile

manufacturer. R&D team creates around 8-10 designs every month Kajarias multi-layered distribution channel

WEAKNESSES
o Low per capita consumption (0.15 sq.mt. p.a.) as compared

to developed nations o Stiff competition within the organized sector o The tiles industry in India was facing very competitive conditions

 We recommend a buy in the stock of Kajaria Ceramics from

a short-term perspective.
Kajaria Ceramics Forms Jv With Vennar Ceramics at

Vijaywada, A.P. By investing a capital worth Rs 13.65 crore towards fresh equity shares, acquired 51% stake .