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Cera Sanitaryware Ltd (CERA)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 532443 NSE: CERA Ceramics/Marble/Granite/Sanitaryware | Small Cap | Cera Sanitaryware Share Price

₹5,592 51.60 (0.93%)

As on 05-Jun'26 10:31

Cera Sanitaryware Ltd (CERA)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 532443 NSE: CERA Ceramics/Marble/Granite/Sanitaryware | Small Cap | Cera Sanitaryware Share Price

₹5,592 51.60 (0.93%)

As on 05-Jun'26 10:31

Key Metrics
Valuation Multiples
Market Cap
₹7,146 Cr.
Current Price
₹5,592
52-Week Low / High
₹4,463 / 7,271
TTM EPS
₹158.3
TTM Sales
₹2,050 Cr.
Book Value per Share
₹1,141.6
P/E Ratio
35.00
Lower than its 5-year historical median
Industry PE
43.8
Price to Book (P/B)
4.85
Lower than its 5-year historical median
Price to Sales (P/S)
3.49
Lower than its 5-year historical median
EV/EBITDA
22.04
Lower than its 5-year historical median
Dividend Yield
1.15%
Profitability Efficiency
Return on Equity (ROE)
18.33%
Outperforms industry median
Return on Capital Employed (ROCE)
22.99%
Outperforms industry median
Return on Assets (ROA)
13.45%
Operating Profit Margin
15.3%
Net Profit Margin
12.87%
Gross Profit Margin
15.4%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
2.35%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
3.64%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
3.06%
Asset Quality
Promoter Holding
54.41%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹1,466 Cr.
Equity
₹6.5 Cr.
Face Value
₹5
All Time Low / High
₹3.25 / 11499.65

Cera Sanitaryware stock performance

Key Ratios
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Check Before You Invest

Valuation

Somewhat Undervalued

Price Trend

Semi Strong
Q.1 Is Cera Sanitaryware Ltd a good quality company?
Cera Sanitaryware Ltd is a good quality company, based on a consistently good multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Cera Sanitaryware Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Cera Sanitaryware Ltd vs industry peers?
Cera Sanitaryware Ltd revenue CAGR is 9.63%, compared to the industry median CAGR of 0.00%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Cera Sanitaryware Ltd?
Promoters hold 54.41% of the Cera Sanitaryware Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Cera Sanitaryware Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 11.3% based on the current price.

DeciZen - make an informed investing decision on Cera Sanitaryware

Decision Maker
Standalone basis

1. Right Stock

10 Year X-ray Pro
Long Term Prospect

2. Right Price

3. Right Time

#Likely Future 5 Year CAGR.

10 Year X-Ray :

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Cera Sanitaryware Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 30.8%32.3%26.9%27.2%19.3%16.5%21.8%26%25.1%23%-
Value Creation
Index
1.21.30.90.90.40.20.60.90.90.7-

Growth Parameters

Sales 9171,0111,1821,3441,2091,2021,4421,8031,8711,9152,050
Sales YoY Gr.-10.3%16.9%13.7%-10%-0.6%20%25.1%3.8%2.4%-
Adj EPS 62.779.976.588.89077.6117.4162.3182.7189.8158.3
YoY Gr.-27.5%-4.2%16.1%1.4%-13.8%51.4%38.2%12.6%3.9%-
BVPS (₹) 323.7403.2465.1538.3594.3672.3773.38991,032.31,044.61,141.6
Adj Net
Profit
81.510499.5115117101153211238245204
Cash Flow from Ops. 11611271.511412326297.9156228116-
Debt/CF from Ops. 0.30.30.30.20.10.10.20.10.10.1-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 8.5%9.6%9.9%2.4%
Adj EPS 13.1%16.1%17.4%3.9%
BVPS13.9%11.9%10.5%1.2%
Share Price 10.5% 6.6% -9.6% -15.1%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
21.12217.617.715.912.316.219.418.918.214.5
Op. Profit
Mgn %
15.416.914.514.213.512.515.416.31515.313.1
Net Profit
Mgn %
8.910.38.48.69.78.410.611.712.712.810
Debt to
Equity
0.10.1000000000
Working Cap
Days
1401431441431601439996103109119
Cash Conv.
Cycle
90859195105814240475891

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales9171,0111,1821,3441,2091,2021,4421,8031,8711,915
Operating Expenses + 7768411,0111,1531,0471,0521,2211,5111,5911,625
Manufacturing Costs674863706851105138109118
Material Costs441481563646585647681822882910
Employee Cost 111118140156160144191211228242
Other Costs 157194245281234209244340372355
Operating Profit 141171171191162150221292280291
Operating Profit Margin (%) 15.4%16.9%14.4%14.2%13.4%12.5%15.3%16.2%15.0%15.2%
Other Income + 10111116162223307563
Exceptional Items 000000-6-5-2-2
Interest 5553445557
Depreciation 16182223333330303439
Profit Before Tax 129158154180141134203282314306
Tax 46545465253354727560
Profit After Tax 83104100115116101149210239246
PAT Margin (%) 9.1%10.3%8.5%8.6%9.6%8.4%10.4%11.6%12.8%12.9%
Adjusted EPS (₹)64.279.977.188.589.277.9114.8161.2183.9191.1
Dividend Payout Ratio (%)14%15%15.60%14.70%14.60%16.70%30.50%31%32.60%34%

Valuation of Cera Sanitaryware - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 4215246057007738741,0061,1691,3431,347
Share Capital 7777777776
Reserves 4155185986947668689991,1631,3361,341
Debt +26292418151219181616
Long Term Debt5000000000
Short Term Debt21292418151219181616
Minority Interest0000000000
Trade Payables5776789484143193210182191
Others Liabilities 242231242277254253209258284287
Total Liabilities 7478619491,0891,1261,2831,4271,6561,8251,841

Fixed Assets

Net Fixed Assets +226266279305350330321320354378
Gross Block311368402445516521531549604653
Accumulated Depreciation85102122139165191210229250275
CWIP 40511111171311
Investments 67119139212262513567669807702
Inventories132129161179204170288376359406
Trade Receivables188221268297221207164188201268
Cash Equivalents 5938231021024253426
Others Assets 69887474855363595750
Total Assets 7478619491,0891,1261,2831,4271,6561,8251,841

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 1161127211412326298156228116
PBT 129158154180141134203282314306
Adjustment 1613191229212422-25-41
Changes in Working Capital 0-7-48-214136-79-7714-92
Tax Paid -30-52-53-56-50-30-50-71-76-57
Cash Flow From Investing Activity + -38-92-36-102-76-243-70-101-140128
Capex -24-54-48-42-41-9-13-34-61-27
Net Investments -18-4311-49-37-231-67-92-83151
Others 451-122-292544
Cash Flow From Financing Activity + -48-20-34-27-53-13-21-59-80-258
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000000000
Interest Paid -5-5-5-2-2-3-3-3-3-2
Dividend Paid -8-12-16-16-340-17-46-65-78
Others -35-3-13-9-17-10-1-10-12-178
Net Cash Flow 30-01-15-677-38-14

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)21.62217.7517.6315.7412.315.8919.2819.0418.33
ROCE (%)30.8132.2926.8827.2219.2516.5421.7525.9525.0922.99
Asset Turnover Ratio1.381.321.321.321.0911.251.381.261.23
PAT to CFO Conversion(x)1.41.080.720.991.062.590.660.740.950.47
Working Capital Days
Receivable Days66.4070.5074.7076.7078.2064.9039.9030.3032.3038.10
Inventory Days494544.4046.2057.9056.8049.3057.106162.10
Payable Days43.9050.805048.6055.606490.1089.6081.1074.80

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Cera Sanitaryware Ltd FAQs

The current trading price of Cera Sanitaryware on 05-Jun-2026 10:31 is ₹5,592.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 04-Jun-2026 the market cap of Cera Sanitaryware stood at ₹7,145.8 Cr

The latest P/E ratio of Cera Sanitaryware as of 04-Jun-2026 is 35.00.

The latest P/B ratio of Cera Sanitaryware as of 04-Jun-2026 is 4.85.

The 52-week high of Cera Sanitaryware is ₹7,271.4 and the 52-week low is ₹4,463.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Cera Sanitaryware is ₹2,050 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that Cera Sanitaryware Ltd is a good quality company.

The key valuation ratios of Cera Sanitaryware Ltd's currently when compared to its past seem to suggest it is in the Somewhat Undervalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Cera Sanitaryware Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

About Cera Sanitaryware Ltd

Cera Sanitaryware Limited, premium bathroom solutions provider, has been in the forefront of innovation right from its inception in 1980. Some of Cera’s innovations in the past have become benchmark for the industry-like water-saving twin-flush coupled WCs, 4-litre flush WCs, one-piece WCs, etc.

An extensive product portfolio that includes high end showers, steam cubicles, and whirlpools, besides sanitaryware and faucets, has made CERA the primary choice of customers looking for stylish products in a contemporary lifestyle.

Advanced technology has been the forte of the company. Its state-of-the-art manufacturing plant has been following the highest standards of quality with an emphasis on sustainability since its inception in 1980. The CERA plant was the first to use natural gas - the purest fuel that gives extra sheen on products.

The company endeavors to provide complete bath solutions to its customers. Pursuing this objective, CERA has launched a range of elegant faucets, designed with style and expertise. A modern facility with latest machinery like automatic CNC Machines & automatic polishing, the plant is equipped with superior technology manufactures the avant-garde collection of eco-friendly single lever faucets apart from the normal Half Turn & Quarter Turn faucets.

Business area of the company

The Company is engaged in the business of manufacturing, selling and trading of building products and is having nonconventional wind & solar power for captive use in the State of Gujarat.

Awards & Accolades

  • 2011: Cera’s Snow White has been voted Product of the Year in the sanitaryware category for 2011.
  • 2012: India’s fastest growing sanitaryware company, has once again been voted Product of the Year in the Sanitaryware & Fittings category.
  • 2012: Cera bags power brand 2012 award.
  • 2012: Superior styling, sterling performance, enduring quality and trendsetting innovation of CERA faucets now makes it the No. 1 choice of discerning consumers across the country.
  • 2013: Cera bags power brand 2012 award.
  • 2013: Cera creates cerenity and thereby a new category.
  • 2014: Cera, India’s most preferred premium home solutions brand, has been adjudged as a Trusted Brand, in a consumer survey conducted by Reader’s Digest.
  • 2014: Conformity European is a standard of measure, which is set by European committee for standardization purposes. It includes human hygiene, customer’s safety and product safety besides other parameters and it is valid across 32countries across European Union.
  • 2014: Cera, India’s most preferred home solutions provider, has bagged The Economic Times A&D Top 100 Brands award. The winning brands are voted by 4000architects and interior designers based on popularity, quality and reputation besides other parameters.
  • 2015: Cera, the fastest growing home solutions leader, has been awarded the best mid-sized company, by Nav Gujarat Samay and Times of India.
  • 2015: Cera CMD Conferred Business Knights Award.
  • 2015: Cera has bagged the Business Standard Star SME of the Year award 2015.
  • 2016: Cera was awarded Trusted Brand for both Sanitaryware and Tiles by Reader’s Digest.
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