Tiles and Sanitaryware Stocks and Companies in India

The largest Tiles and Sanitaryware stocks in India by market value are Kajaria Ceramics (₹18,222 crore), Cera Sanitaryware (₹6,162 crore) and Somany Ceramics (₹2,211 crore), at prices of 4 Nov 2026.

• Kajaria Ceramics: ₹1,159.60 | market value ₹18,222 crore | P/E 28.7
• Cera Sanitaryware: ₹4,777.30 | market value ₹6,162 crore | P/E 29.8
• Somany Ceramics: ₹543.65 | market value ₹2,211 crore | P/E 16
• Nitco: ₹79.76 | market value ₹1,919 crore
• Hindware Home Innovation: ₹167.78 | market value ₹1,404 crore
• Asian Granito India: ₹44.45 | market value ₹1,318 crore | P/E 100.8

Share price | market value | P/E, biggest first. Prices, market values and ratios at the official close of 4 Nov 2026; the score list below uses the weekly figures.

Ranked by the 4-Factor Sector Score (growth & earnings 35, capital efficiency 25, valuation 20, relative strength 20). Prices as of 30 Oct 2026.

All 6 listed Indian Ceramics/Tiles/Sanitaryware companies are named here, largest first. This is the set of companies people mean when they search for a Nifty Ceramics/Tiles/Sanitaryware index; NSE publishes its own indices only for the largest sectors, so this equal-weighted set stands in for one. Every figure is equal-weighted across those companies and carries its own as-of date.

1. Kajaria Ceramics Ltd₹17,400 cr
2. Cera Sanitaryware Ltd₹5,680 cr
3. Somany Ceramics Ltd₹2,210 cr
4. Nitco Ltd₹1,740 cr
5. Hindware Home Innovation Ltd₹1,390 cr
6. Asian Granito India Ltd₹1,360 cr

6 Tiles and Sanitaryware companies in the Ceramics/Tiles/Sanitaryware industry group have a page on Sector Alpha, by market value as of 30 October 2026, and all 6 are listed below, largest first. The largest is Kajaria Ceramics (₹17,430 crore) and the smallest with a market value is Asian Granito India.

Download all 6 Tiles and Sanitaryware companies (CSV)

The line below covers up to 5.2 years and opens on the 5Y view; the buttons cut it shorter. Over the last two years (104 weeks) this sector is 22% behind NIFTY 500. Earnings across its companies grew 24% on average over the last four reported quarters.

1 of 6 companies pass the momentum test (5+ points ahead of the Nifty 500 over 3 months, within 20% of the 52-week high).

Not ahead of NIFTY 500 on the three-month view this week; 1 of the 6 companies in the industry index above their 200-day average (1 fewer than four weeks earlier); 1 of those 6 pass the momentum test (1 fewer than four weeks earlier); earnings rising at 5 of the 6 that report earnings.

Not ahead of NIFTY 500, not building participation, not giving any back. Earnings confirming, 5 of 6 members have higher trailing twelve-month earnings than a year ago.

Both lines start at 200 in the same week, so the gap between them tells the story: the sector line is an equal-weighted index of its 6 companies. The bars underneath are trailing 12-month earnings per share, one bar per reported quarter, each member set to 100 at the start and the sector taking the middle value, so a price line pulling away from flat bars means the market is paying more for the same earnings. A bar turns grey when that figure is lower than the quarter before. The rules are fixed and the same everywhere on this site: ahead by 5% or more over three months, or behind by 20% or more over a year while earnings grew 20% or more. Hover or tap any point to read both values and the gap.

Ceramics/Tiles/Sanitaryware has done worse than the NIFTY 500 by 15.3% over the last 52 weeks. Over 13 weeks the gap is a shortfall of 9.9%. Kajaria Ceramics Ltd is the strongest against the sector itself at +13%. Readings are as of 30 October 2026.

Relative-strength score for the industry: 9.8 as of 30 October 2026 (consolidation, falling).

Ceramics/Tiles/Sanitaryware has done worse than the NIFTY 500 by 15.3% over 52 weeks and by 9.9% over 13 weeks. 1 of 6 companies we track is beating the NIFTY on relative strength (how a share price has done against the index over recent months), and 1 of the 4 with a long enough price history is ahead of the industry itself.

A score that ranks each company against the others in its industry. The four parts shown always add up to the total: Growth & earnings (35), Capital efficiency (25), Valuation (20), and Relative strength (20). Missing or old evidence affects only its own part, never as a hidden adjustment.

Kajaria Ceramics Ltd has the strongest current balance of earnings trajectory, business quality, valuation and price confirmation, with 97% evidence confidence.

Somany Ceramics Ltd has the strongest one-year price move in Ceramics/Tiles/Sanitaryware at +18.5%. It also leads on relative strength against the NIFTY, at +20.4%. 2 of 6 companies we track are ahead of the index on that measure. Every line covers 313 weekly closes through 30 October 2026.

Price and relative strength

Price · same starting point: Every company, the sector's own index and NIFTY 500 all start level on the left edge of the window, so only the distance between the lines counts: the highest line has risen the most since then, and the chart at the top of this page is drawn the same way. It opens on one year; the buttons beside it stretch that to three or five.

RS vs NIFTY 500: How far ahead of or behind NIFTY 500 each company has been running, measured against its own recent average of that comparison, so the flat line at zero IS NIFTY 500: above it the company is beating the market, below it the market is beating the company. It opens on one year.

RS vs sector: The same measure taken against Ceramics/Tiles/Sanitaryware itself instead of the whole market, so the flat line at zero is the sector: above it the company is beating its own peers, which is the sharper test of the two. It opens on one year.

Biggest one-year moves

Strongest against NIFTY 500

Strongest against the sector itself

1 of 6 Ceramics/Tiles/Sanitaryware companies held a results call for July to September 2026. Kajaria Ceramics guided: Double-digit tile volume growth over next 2 quarters and next year with value growth lagging next year as inflation does not repeat.

From the results calls for July to September 2026.

Big funds, foreign and Indian, cut their stake by 0.7 points over the last two quarters. Founders and promoters raised theirs by 1.5 points.

• Spending on new plants and equipment was ₹719 crore in the last 12 months, 21% less than a year before.
• Projects still being built shrank 24% in a year.
• 1 Ceramics/Tiles/Sanitaryware call in the last quarters talked about adding capacity.

Big funds = foreign and Indian institutions, change in their share of ownership across 6 Ceramics/Tiles/Sanitaryware companies, in percentage points.

Ownership and spending as of 10 October 2026.

This is the written read behind the Ceramics/Tiles/Sanitaryware figures above: what is actually happening in the industry, in words, with the evidence each claim rests on. It is dated 17 Apr 2026, so the words are older than the numbers. 3 themes are live here, 1 of them rated high severity.

The sector remains under pressure from weak domestic demand and geopolitical export hurdles. While KAJARIACER is taking steps to shift towards value-added products and consolidate dealer wallet share, the near-term outlook is constrained by margin dilution and commodity inflation.

The Ceramics/Tiles/Sanitaryware sector is currently navigating a WEAK demand environment, as evidenced by the sole constituent, KAJARIACER. The company reported flattish consolidated revenue of INR 1,168 crores for Q3 FY26, primarily dragged down by stagnant tile volumes and the closure of its Ply division.

How old this read is: OLD: this read comes from our Ceramics/Tiles/Sanitaryware sector brief dated 17 Apr 2026, about 7 months ago. The page says so rather than dressing it up, and a fresh sector dive replaces it the day it runs.

What is live in this sector right now

Sources: our Ceramics/Tiles/Sanitaryware sector brief, 17 Apr 2026 · company earnings-call transcripts.

Kajaria Ceramics Ltd has the highest Revenue among the 6 Ceramics/Tiles/Sanitaryware companies compared here, at ₹5,337 crore. Somany Ceramics Ltd is next at ₹2,935 crore. Nitco Ltd has the highest Revenue growth at 28.6%, so level and change sit with different companies. 6 of 6 companies report a comparable reading, the latest through Sep 2026.

What the numbers say: Kajaria Ceramics Ltd is the largest at ₹5,337 crore, 81.8% ahead of Somany Ceramics Ltd. Nitco Ltd's growth is 28.6% from a ₹508 crore base, with 19 reported quarters out of the last 20. Fast growth from a smaller base is not yet the same as proven size.

What this means: Kajaria Ceramics Ltd is the size to compare against; Nitco Ltd is the one growing fastest. The faster grower has to keep that growth and turn it into margin and returns before it counts as more than a fast start.

This conclusion weakens if: Kajaria Ceramics Ltd's growth falls below Nitco Ltd's for two consecutive comparable reports while operating margin also compresses.

Revenue is compared on a common reported-currency basis. Growth is year-on-year, so seasonality does not masquerade as progress.

Revenue · company comparison

Revenue · largest

Revenue growth · fastest growers

All-company data · latest reported quarter

In every all-company table on this page, each figure is the company’s latest single reported quarter. The rankings above them use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

Revenue shows both size and speed. A large company can absorb shocks and pay for wide distribution; faster growth can mean market-share gains, new capacity or stronger demand. The best sign is usually growth that lasts without hurting margins and returns.

Kajaria Ceramics Ltd has the highest OPM among the 6 Ceramics/Tiles/Sanitaryware companies compared here, at 20%. Somany Ceramics Ltd is next at 12%. Somany Ceramics Ltd has the highest Margin change at +4 percentage points, so level and change sit with different companies. 6 of 6 companies report a comparable reading, the latest through Sep 2026.

What the numbers say: Kajaria Ceramics Ltd leads opm at 20%; Somany Ceramics Ltd leads margin change at +4 percentage points.

What this means: Kajaria Ceramics Ltd sets the level to compare against; the company improving fastest needs another report to confirm the change.

This conclusion weakens if: The next two comparable reports reverse the current margin change signal.

Operating margin compares operating profit with revenue. Improvement is measured in percentage points, not percentage growth.

Operating margin · company comparison

OPM · highest

Margin change · fastest expanders

All-company data · latest reported quarter

Kajaria Ceramics Ltd has the highest Net profit among the 6 Ceramics/Tiles/Sanitaryware companies compared here, at ₹605 crore. Cera Sanitaryware Ltd is next at ₹203 crore. Asian Granito India Ltd has the highest Profit growth at the 100% top of the scoring scale, so level and change sit with different companies.

What the numbers say: Kajaria Ceramics Ltd earns the most, ₹605 crore of profit over the last 12 months, 198% above Cera Sanitaryware Ltd. Asian Granito India Ltd shows at least 100% on the scoring scale (272.7% in full) growth from a profit base of ₹11 crore. A fast rate from a small base matters less than a large profit that keeps coming.

What this means: Kajaria Ceramics Ltd sets the level to compare against; the company improving fastest needs another report to confirm the change.

This conclusion weakens if: The next two comparable reports reverse the current profit growth signal.

Net profit is the residual after operating costs, interest and tax. Growth off a loss or near-zero base is excluded from the fastest-grower rank.

Net profit · company comparison

Net profit · largest

Profit growth · fastest growers

All-company data · latest reported quarter

Kajaria Ceramics Ltd has the highest ROCE among the 6 Ceramics/Tiles/Sanitaryware companies compared here, at 23.4%. Cera Sanitaryware Ltd is next at 19.2%. Nitco Ltd has the highest ROCE change at +167.5 percentage points, so level and change sit with different companies. 6 of 6 companies report a comparable reading, the latest through Sep 2026.

What the numbers say: Kajaria Ceramics Ltd leads ROCE at 23.4%, 4.2 percentage points above Cera Sanitaryware Ltd. A high return reported once may be one good year; a high return reported year after year shows a lasting business.

What this means: Kajaria Ceramics Ltd sets the level to compare against; the company improving fastest needs another report to confirm the change.

This conclusion weakens if: The next two comparable reports reverse the current roce change signal.

ROCE asks how much operating return the business earns on the capital employed. Direction matters, but a single exceptional year should not be mistaken for durability.

Return on capital · company comparison

Withheld from this chart: Somany Ceramics Ltd (SOMANYCERA): its two data sources disagree by up to 41% on reported income across 15 comparable periods, so its derived ratios are withheld; Asian Granito India Ltd (ASIANTILES): its two data sources disagree by up to 180% on reported income across 15 comparable periods, so its derived ratios are withheld. A figure two sources cannot agree on is not drawn, the gap is a decision, not missing data.

ROCE · highest

ROCE change · fastest improvers

All-company data · latest reported quarter

Kajaria Ceramics Ltd has the lowest PEG among the 6 Ceramics/Tiles/Sanitaryware companies compared here, at 2×. Cera Sanitaryware Ltd is next at 4.05×. Somany Ceramics Ltd has the lowest P/E at 16×, so level and change sit with different companies. 2 of 6 companies report a comparable reading, the latest through Sep 2026.

What the numbers say: Kajaria Ceramics Ltd has the lowest comparable PEG at 2×, 50.6% below Cera Sanitaryware Ltd. That would need today's multiple, the company's own history and steady growth to agree.

What this means: A low valuation is a reason to look closer at the business, not a conclusion on its own.

This conclusion weakens if: The next two comparable reports reverse the current p/e signal.

PEG is shown only when earnings are positive and three-year EPS growth is between 5% and 60%. It is worked out the same way every time, as the P/E on the last 12 months of reported earnings divided by that growth rate, never on expected earnings. On Indian companies it is shown only where the two data feeds agreed. Where any of that fails the ratio is left out rather than printed: a P/E divided by a loss, or by growth measured off a tiny base, is a number that looks precise and means nothing.

Valuation · company comparison

PEG · lowest PEG

P/E · lowest P/E

All-company data · latest reported quarter

Ceramics/Tiles/Sanitaryware companies show up on 7 of our India lists. The most are on the dividend stocks list (2 companies).

This Ceramics/Tiles/Sanitaryware comparison names 6 specific ways its own evidence can mislead, all listed below. All 6 companies here report on comparable dates, so no rank carries a stale marker. 2 have second-source figures left out because the two sources disagree. 1 of the 5 ranked sections has fewer than three usable current readings.

Keep these limits visible

• A high growth rate can come from a very small starting figure. The page keeps level and change separate for that reason.
• A high ROCE can be temporary, or look high because the capital base is small. It is best read beside margin, cash flow and how much is spent back on the business.
• The 4-Factor Sector Score ranks published data only. Management quality, upcoming events and risks are not part of it.
• An “all companies” line chart preserves completeness, but rank changes should be checked against reporting dates before drawing a conclusion.
• 2 companies are missing from the second-source figures on purpose: the two sources disagree, so nothing from the second is drawn. Those rows have less evidence; that does not make the business weaker.
• Thin comparisons: Valuation have fewer than three usable current readings.

This comparison is built from the reported filings of 6 Ceramics/Tiles/Sanitaryware companies, normalized to a common ₹ scale and a shared quarter axis of up to 20 quarters each. Fundamentals run through Sep 2026 and market data through 30 October 2026.

2 of 6 companies have a second data feed that is known to disagree with the primary source, so nothing from it is drawn: Somany Ceramics Ltd (SOMANYCERA): its two data sources disagree by up to 41% on reported income across 15 comparable periods, so its derived ratios are withheld; Asian Granito India Ltd (ASIANTILES): its two data sources disagree by up to 180% on reported income across 15 comparable periods, so its derived ratios are withheld.

These 23 answers restate the Ceramics/Tiles/Sanitaryware comparison above in question form. Every one is computed from the same 6 companies and the same reported filings as the rankings and charts, current through Sep 2026. Price and relative-strength answers run through 30 October 2026. Nothing here is estimated, and none of it is a recommendation.