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7
Annual Report 2011-12
6 Kajaria Ceramics Limited
THE
SECOND-LARGEST
POPULATION
IN THE WORLD.
ONE OF THE
FASTEST-GROWING
COUNTRIES.
ONE OF THE
LARGEST NUMBER
OF PEOPLE
SEEKING TO MOVE
INTO THEIR FIRST HOMES.
WHEN YOU PUT ALL OF THIS
TOGETHER, WHAT YOU GET IS
SIMPLE. OPPORTUNITY.
THIS WAS TRUE MORE THAN A
DECADE AGO. AND TRUE NOW.
THE ONE COMPANY TO HAVE
CAPITALISED ON THESE
REALITIES IS KAJARIA
CERAMICS.
EMERGING AS THE MOST
RESPECTED TILE BRAND IN
INDIA TODAY.
FINANCIAL HIGHLIGHTS, 2011-12
Kajaria Ceramics is India’s
largest tile manufacturer.
Kajaria manufactures
ceramic tiles, polished and
glazed vitrified tiles for
wall and floor
applications. It markets
international tile brands,
bathware and wooden
flooring solution as well.
Kajaria’s four units -
Sikandrabad (UP), Gailpur
(Rajasthan) and Soriso
Ceramic and Jaxx Vitrified,
Morbi, (Gujarat) - possess
a cumulative production
capacity of 36 MSM (31st
March, 2012), the largest
in India.
Kajaria reaches products
across the country through
an extensive distribution
network of dealers, sub-
dealers and own
showrooms. The imported
tiles are marketed through
the Kajaria World retail
chain.
The Company also caters
to brand-enhancing names
like Ansal, DLF, EMAAR-
MGF, Vodafone and Mantri
Group, Jaypee Greens,
Unity Infra and to many
Government and semi-
Government projects
among others, through
project sales.
Kajaria Ceramics was
awarded the
‘Superbrand’ status for
the sixth consecutive
time in 2012, the only
Indian ceramic tile
company to receive
this honour.
39%
Turnover
36%
EBIDTA
32%
Profit before tax
33%
Profit after tax
33%
Earnings per share
Revenue split (2011-12)
27%
Book value
per share
2010-11
2011-12
Growth (%)
Amount
Amount
(
`
in million)
(
`
in million)
Turnover
10,045.71
14,003.23
39.40
EBIDTA
1,486.14
2,015.77
35.64
Profit before tax
891.76
1,175.18
31.78
Profit after tax
606.62
807.15
33.06
Plough back into business
435.58
593.35
36.22
EBIDTA margin (%)
15.61
15.37
(24) bps
Earnings per share (
`
)
8.24
10.97
33.06
Interest cover (x)
3.98
3.50
Gross block
6,999.88
7,233.27
3.33
Net worth
2,225.61
2,818.97
26.66
Book value per share (
`
)
30.25
38.31
26.66
Return on net worth (%)
29.45
32.00
255 bps
Return on capital employed (%)
22.28
28.62
634 bps
Ceramic tiles – 47%
Vitrified tiles – 46%
Kajaria World – 6%
Others – 1%
Revenue split (2010-11)
Ceramic tiles – 50%
Vitrified tiles – 35%
Kajaria World – 14%
Others – 1%