Valuation · at the close on 16 Oct 2026

Karam Ceramics Limited (KCL) valuation

KCL has no positive earnings to compare its share price with, so P/E is not meaningful. The shares are priced at 2.72× book value (sector median 1.08×).

P/E · today

—

TTM to Mar 2026

5-yr average— Sector median7.6×

P/B · today

2.72×

Quarter to Mar 2026

5-yr average— Sector median1.08×

EV/EBITDA · today

—

5-yr average— Sector median3.8×

Dividend yield · today

0.0%

FY2025

5-yr average— Payers' median4.0%

Market value Rs 2.3 bn at Rs 160.72. Sector medians use the latest close of 8 Glass & Ceramics companies; P/E and P/B only where earnings / book value are positive; the yield median covers dividend payers only. Not investment advice.

Valuation history

At each fiscal year-end price.

5 10

KCL valuation history (annual) (Rs mn)

Rs mn	FY2025 Jul 2024 – Jun 2025	FY2024 Jul 2023 – Jun 2024	FY2023 Jul 2022 – Jun 2023	FY2022 Jul 2021 – Jun 2022	FY2021 Jul 2020 – Jun 2021	FY2020 Jul 2019 – Jun 2020	FY2019 Jul 2018 – Jun 2019	FY2018 Jul 2017 – Jun 2018	FY2017 Jul 2016 – Jun 2017	FY2016 Jul 2015 – Jun 2016
Market capitalisation	1,561.2	712.9	1,027.2	829.4	645.2	516.0	372.5	443.7	378.3	320.1
Enterprise value	1,654.2	812.9	1,073.4	1,783.8	1,482.2	1,251.0	873.5	1,005.6	1,156.5	1,164.8
Share price (period end) Rs	107.31	49.00	—	57.01	44.35	35.47	—	30.50	26.00	22.00
P/E (diluted)	—	—	—	—	15.50×	—	—	31.10×	—	—
Price to book	1.72×	0.55×	—	1.53×	0.81×	0.89×	—	1.46×	1.31×	0.88×
Price to sales	2.67×	0.53×	—	1.01×	0.57×	0.56×	—	0.37×	0.44×	0.27×
EV / EBITDA	—	—	—	—	15.68×	—	4.60×	6.53×	17.90×	12.89×
EV / Sales	2.83×	0.60×	1.10×	2.18×	1.32×	1.35×	0.61×	0.83×	1.34×	0.97×
Dividend yield (gross)	0.0%	0.0%	—	0.0%	0.0%	0.0%	—	0.0%	0.0%	0.0%
Free cash flow yield	(13.3%)	(12.4%)	—	(24.0%)	(22.0%)	(58.8%)	—	50.2%	13.1%	(56.9%)
PEG ratio	—	—	—	—	0.08×	—	—	0.26×	—	—
P/E (diluted, normalised)	—	—	—	—	15.50×	—	—	31.10×	—	—
EV / EBITDA — 5-year average	—	—	—	21.77×	11.51×	10.97×	—	—	—	—

KCL valuation: frequently asked questions

What is KCL's book value per share? +

Karam Ceramics Limited's book value per share was Rs 62.22 at the end of FY2025. The shares trade at 2.72× book value.

Information only, not investment advice.