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Cera Sanitaryware

CERA NSE
₹4,777.30 +114.30 (+2.45%)
P/E
30.36
View as Markdown
MCP
Close 4 Nov 2026 ₹4,777.30 −1,407.20 −22.8% 1Y
Start ₹6,184.50

Key Fundamentals

MicrocapConsumer DurablesConsumer Discretionary

Price-based figures as of · EPS basis: Standalone · TTM

ROCE
19.20%
Debt to Equity
0.03
EPS (TTM)
₹157.37
Book Value
₹1,144.02
Market Cap
—
P/E (TTM)
30.36
P/B
4.18
ROE
14.80%
Dividend Yield
1.61%
EBITDA
₹360 Cr
52W High
₹6,740.00
52W Low
₹4,398.00
Day Range
₹4,584.40 – ₹4,900.00
Volume
75,640

Peer Comparison

Consumer Discretionary › Consumer Goods › Sanitary Ware

Cera Sanitaryware peer comparison
Cera Sanitaryware (this company)
₹4,777.3030.36₹6,079 Cr4.181.61%14.80%19.20%₹2,097 Cr₹203 Cr
Hindware Home Innovation
₹167.78—₹1,381 Cr1.900.24%0.14%7.07%₹2,604 Cr−₹6 Cr
Ganga Bath Fittings
₹22.50—₹53 Cr0.920.00%3.35%6.05%——
Median 3 companies₹167.7830.36₹1,381 Cr1.900.24%3.35%7.07%₹2,351 Cr₹99 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

Overall score

58 Good

Data confidence 100/100

Category scores

Quality
69
Strong
Returns, margins, earnings quality 22% weight
Valuation
64
Good
Cheap vs sector & own history 24% weight
Growth
35
Poor
Sales & profit trajectory 9% weight
Financial Health
87
Strong
Solvency, leverage, coverage 9% weight
Momentum
17
Poor
Trend strength, vol-adjusted 12% weight
Ownership
55
Average
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

Strengths

3
  • Company has reduced debt.
  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 38.0%

Weaknesses

1
  • The company has delivered a poor sales growth of 11.3% over past five years.

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallBearish856
OscillatorsNeutral252
Moving AveragesStrong Bearish604

Key readings

RSI (14)
45.16
Neutral
MACD (12,26,9)
−200.84
Bullish
SMA (50)
5,232.95
Bearish
SMA (200)
5,446.60
Bearish

As of

Analyst Rating

Based on 17 analysts
BUY82%

14 of 17 analysts rate Buy, 2 Hold, 1 Sell.

As of

BUY
14
82%
HOLD
2
12%
SELL
1
6%

Growth Rate

From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.

Revenue

Revenue growth by window
10Y+8.38%
5Y+11.27%
3Y+4.37%
1Y+7.05%
TTM+8.99%

Net profit

Net profit growth by window
10Y+9.41%
5Y+15.10%
3Y−0.96%
1Y−17.07%
TTM−17.81%

Operating cash flow

Operating cash flow growth by window
10Y+6.22%
5Y−4.15%
3Y+10.77%
1Y+82.76%
TTM—

TTM: Reported once a year, so there is no trailing-twelve-month figure.

Operating margin· change in pp

Operating margin growth by window
10Y−2.26 pp
5Y+0.64 pp
3Y−3.13 pp
1Y−2.18 pp
TTM−2.33 pp

Revenue by year

Revenue by year, ₹ crore
Mar 2017₹1,011 Cr
Mar 2018₹1,182 Cr
Mar 2019₹1,344 Cr
Mar 2020₹1,209 Cr
Mar 2021₹1,202 Cr
Mar 2022₹1,442 Cr
Mar 2023₹1,803 Cr
Mar 2024₹1,871 Cr
Mar 2025₹1,915 Cr
Mar 2026₹2,050 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2017₹104 Cr
Mar 2018₹100 Cr
Mar 2019₹115 Cr
Mar 2020₹116 Cr
Mar 2021₹101 Cr
Mar 2022₹149 Cr
Mar 2023₹210 Cr
Mar 2024₹239 Cr
Mar 2025₹246 Cr
Mar 2026₹204 Cr

Analyst Forecasts

Forecast For
Sep 26 consensus · EBITDA
₹71.35 Cr +1.2% vs Jun 26
Reported High Mean Low

AI Analysis — Bull vs Bear

Generated 31 Jul 2026
AI opinion · based on fundamentals
Risk medium

Cera Sanitaryware trades at a market cap of ₹7,914 Cr with a PE of 38.6x on FY25 revenue of ₹1,915 Cr (up just 2.4% YoY) and PAT of ₹247 Cr. The company is virtually debt-free with a consistent ROE of 15-18% over the past decade, but recent top-line and bottom-line growth have decelerated materially compared to its 5-year and 10-year CAGRs.

Bull Case 7
  • Near-zero debt on balance sheet, giving financial flexibility and low interest cost even in a rising rate environment
  • Consistent ROE track record of 15-18% over the past 10 years, with 5-year average at 18%
  • Healthy dividend payout ratio of 38%, translating to a 1.23% yield providing shareholder returns even in periods of muted growth
  • Long-term compounded profit CAGR of 10% over 10 years and 16% over 5 years demonstrates earnings compounding ability
  • Q4 FY25 EBITDA margin improved to 18.3% vs 16.8% in Q4 FY24, indicating margin recovery in the most recent quarter
  • 10-year revenue CAGR of 8% and 10-year stock CAGR of 10% show sustained long-term value creation
  • FY26 revenue of ₹2,050 Cr (up 7% YoY) shows acceleration from FY25's 2.4% growth, indicating potential demand recovery
Bear Case 8
  • TTM profit declined 15% YoY, a significant earnings deterioration for a company trading at 38.6x PE
  • FY25 revenue grew only 2.4% YoY to ₹1,915 Cr, a sharp slowdown from the 5-year sales CAGR of 11%
  • PE of 38.6x is elevated given the 3-year profit CAGR of -1%, implying the stock prices in growth that has not materialized recently
  • FY26 EBITDA declined 9% YoY (₹322 Cr vs ₹353 Cr) despite 7% revenue growth, indicating margin pressure from input costs or competition
  • Stock price CAGR of -7% over both 1-year and 3-year periods reflects sustained underperformance and investor de-rating
  • 3-year compounded sales growth of only 4% suggests structural demand challenges in the core sanitaryware segment
  • Price-to-book of 5.34x is demanding for a business where ROE has moderated from 18% (5-year avg) to 15% in the latest year
  • Tiles segment revenue declined 10% YoY in Q4 FY24, indicating weakness in the diversification vertical

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

94d ago

TL;DR: A quiet period for Cera Sanitaryware with routine corporate governance events dominating the news flow. The CBO resignation in the polymers segment is a mild concern given no successor has been named. Investors will look to the Q1 FY27 results on August 7 for clarity on demand trends and margin trajectory in the sanitaryware and faucets business.

Headwinds 1
  • Chief Business Officer resigns Jul 21

    Ramesh Baliga, CBO-Polymers and Emerging Business India, resigned effective September 30, 2026. No successor announced yet, creating near-term leadership gap in polymers segment.

Neutral 2
  • Q1 FY27 earnings call scheduled Jul 27

    Q1 FY27 results to be declared on August 7, 2026, with earnings conference call on August 8 at 10:30 AM IST.

  • AGM approves FY26 financials, dividend Jul 23

    28th AGM held on July 23, 2026, approved FY 2025-26 financial statements, declared dividend, and ratified cost auditor remuneration.

Quarterly Results

₹ Cr
CERA quarterly results, ₹ crore
Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
427
462
437
547
398
490
449
578
407
488
499
624
486
Expenses
358
387
377
455
342
420
390
472
354
421
448
526
437
Operating Profit
68
74
59
92
56
70
59
106
53
67
51
98
49
OPM %
16%
16%
14%
17%
14%
14%
13%
18%
13%
14%
10%
16%
10%
Other Income
16
11
16
16
16
18
12
15.77
19
17
−7
17
21
Interest
1
1
1
1
1
3
2
2
1
2
2
1
1
Depreciation
8
8
9
9
8
10
10
10
9
10
10
10
9
PBT
75
76
65
98
63
75
60
108
61
72
32
104
60
Tax %
25%
25%
22%
23%
25%
10%
23%
21%
24%
22%
27%
25%
24%
Net Profit
56
57
51
75
47
68
46
86
47
57
24
77
45
EPS (₹)
43.34
43.74
39.12
57.69
36.11
52.79
35.56
66.35
36.08
43.92
18.35
59.97
35.13

Profit & Loss

₹ Cr
CERA profit and loss, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
822
917
1,011
1,182
1,344
1,209
1,202
1,442
1,803
1,871
1,915
2,050
2,097
Expenses
703
776
841
1,014
1,152
1,045
1,052
1,220
1,510
1,577
1,622
1,781
1,832
Operating Profit
119
141
171
168
191
164
150
221
293
295
293
269
265
OPM %
14%
15%
17%
14%
14%
14%
12%
15%
16%
16%
15%
13%
13%
Other Income
5
10
11
14
15
14
22
17
25
59
59
45
48
Interest
8
5
5
5
3
4
4
5
5
5
7
6
6
Depreciation
15
16
18
22
23
33
33
30
30
34
39
39
39
PBT
101
129
158
154
180
141
134
203
282
314
306
269
268
Tax %
33%
36%
34%
35%
36%
18%
25%
27%
26%
24%
19%
24%
—
Net Profit
68
83
104
100
115
116
101
149
210
239
246
204
203
EPS (₹)
52.02
64.17
79.94
77.08
88.46
89.14
77.89
115
161
184
191
158
157
Div. Payout %
12%
14%
15%
16%
15%
15%
17%
30%
31%
33%
34%
47%
—

Balance Sheet

₹ Cr
CERA balance sheet, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
6
6
6
6
6
6
6
6
6
6
6
6
Reserves
345
415
518
598
694
766
868
999
1,163
1,336
1,344
1,466
Borrowings
68
35
34
24
18
33
28
37
46
40
63
47
Other Liabilities
224
290
302
320
371
320
381
385
441
443
427
439
Total Liabilities
644
747
861
949
1,089
1,126
1,283
1,427
1,656
1,825
1,841
1,958
Fixed Assets
215
226
266
279
305
350
330
321
320
356
380
372
CWIP
8
4
0
5
11
1
1
1
17
13
11
7
Investments
48
67
119
139
212
262
513
567
669
807
702
815
Other Assets
374
449
475
525
561
512
440
539
649
649
749
764
Total Assets
644
747
861
949
1,089
1,126
1,283
1,427
1,656
1,825
1,841
1,958

Cash Flow

₹ Cr
CERA cash flow, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
41
116
112
72
114
123
262
98
156
228
116
212
Investing
−117
−38
−92
−36
−102
−76
−243
−70
−101
−140
128
−88
Financing
76
−48
−20
−34
−27
−53
−13
−21
−59
−80
−258
−115
Net Cash Flow
−1
30
0
1
−15
−6
7
7
−3
8
−14
9
Free Cash Flow
−43
92
58
24
73
82
253
85
123
167
89
192
CFO/EBITDA
59
103
96
74
89
106
194
67
77
103
59
104

Ratios

CERA financial ratios, annual
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
72
75
80
83
81
67
63
42
38
39
51
49
Inventory Days
120
109
98
104
101
128
96
154
167
148
163
139
Days Payable
46
48
58
50
53
52
81
104
93
75
77
77
Cash Conversion Cycle
145
137
120
136
129
142
78
92
112
112
137
111
Working Capital Days
43
47
43
56
58
66
30
37
43
44
65
61
ROCE %
32%
30%
31%
26%
27%
19%
16%
22%
26%
25%
22%
19%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Cera Sanitaryware insights

66 extracted metrics across FY11–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 54.41%
  • FIIs 15.55%
  • DIIs 14.14%
  • Public 13.04%
  • Others 2.86%

No promoter shares pledged as of Sep 2026

Change vs previous quarter

Not shown for some quarters: Others. Not available separately for this quarter: the shareholding filing gives Public and Others as one figure, shown under Public, so Others is left blank rather than estimated.

Documents

Frequently Asked Questions about Cera Sanitaryware

What does Cera Sanitaryware Ltd do?
Cera Sanitaryware Ltd is engaged in the business of manufacturing, selling and trading of various kinds of building products. It also has non-conventional wind & solar power for captive use in the state of Gujarat.
Where is Cera Sanitaryware Ltd (CERA) listed?
Cera Sanitaryware Ltd trades as CERA on the NSE and under code 532443 on the BSE.
Which sector does Cera Sanitaryware Ltd belong to?
Cera Sanitaryware Ltd is classified under the Consumer Goods sector, in the Sanitary Ware industry.
What is the PE ratio of Cera Sanitaryware Ltd?
Cera Sanitaryware Ltd trades at a PE ratio of 30.36 as of 4 Nov 2026, on earnings per share of ₹157.37, against a book value of ₹1,144.02 per share.
What is the 52-week high and low of Cera Sanitaryware Ltd?
Over the last 52 weeks Cera Sanitaryware Ltd has traded between ₹4,398 and ₹6,740 as of 4 Nov 2026.
Does Cera Sanitaryware Ltd pay dividends?
Cera Sanitaryware Ltd has a dividend yield of 1.61%.
What is the Return on Equity (ROE) of Cera Sanitaryware Ltd?
Cera Sanitaryware Ltd reported a return on equity of 14.80%. Its debt-to-equity ratio is 0.03.

Company Information

Cera Sanitaryware Ltd is engaged in the business of manufacturing, selling and trading of various kinds of building products. It also has non-conventional wind & solar power for captive use in the state of Gujarat.

Website cera-india.com
CEO Dr. Vikram Somany B.Sc., FCMI (U.K.)
Employees 2,474
Listed 4 Jul 2005
Face Value ₹5

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