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Cera Sanitaryware Limited
(CERA)
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Rating:66Neutral
Price Target:
₹4,899.00
▼(-18.59% Downside)
Action:Reiterated
Date:08/11/26
The score is supported primarily by strong financial quality, especially the very low leverage and solid underlying profitability. Offsetting this are signs of margin pressure and less consistent cash conversion, while technicals indicate near-term weakness and valuation is relatively expensive given the high P/E and modest dividend yield.
Positive Factors
Conservative balance sheet
Very low leverage gives CERA substantial solvency strength and financial flexibility through changing demand conditions. Growing equity and healthy returns on equity support a durable foundation for reinvestment, operations, and measured expansion without heavy reliance on debt.
Negative Factors
Margin compression
The deterioration in gross and net margins signals that recent revenue growth is not translating into equally strong profitability. If this pattern persists, it could limit earnings expansion, reduce the benefit of scale, and constrain the cash available for reinvestment or shareholder returns.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
Very low leverage gives CERA substantial solvency strength and financial flexibility through changing demand conditions. Growing equity and healthy returns on equity support a durable foundation for reinvestment, operations, and measured expansion without heavy reliance on debt.
Read all positive factors
Cera Sanitaryware Limited (CERA) vs. iShares MSCI India ETF (INDA)
Market Cap
₹58.51B
Dividend Yield1.65%
Average Volume (3M)1.04K
Price to Earnings (P/E)28.9
Beta (1Y)1.41
Revenue Growth8.68%
EPS Growth-17.48%
CountryIN
Employees5,340
SectorGeneral
Sector StrengthN/A
IndustryFurnishings, Fixtures & Appliances
Share Statistics
EPS (TTM)157.38
Shares Outstanding12,897,541
10 Day Avg. Volume443
30 Day Avg. Volume1,042
Financial Highlights & Ratios
PEG Ratio-1.71
Price to Book (P/B)4.00
Price to Sales (P/S)2.87
P/FCF Ratio30.59
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)196.45
Revenue Forecast (FY)₹23.48B
Cera Sanitaryware Limited Business Overview & Revenue Model
Company Description
Cera Sanitaryware Ltd. engages in the business of manufacturing, selling, and trading of building products. It offers sanitary ware, faucets, tiles, shower, kitchen sinks, mirrors, wellness, and personal care products. The company was founded by V...
How the Company Makes Money
CERA makes money primarily by manufacturing and selling bathroom products and related building materials under the CERA brand. Its core revenue stream comes from the sale of sanitaryware (e.g., toilets/closets, basins, cisterns and related ceramic...
Cera Sanitaryware Limited Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
90
Very Positive
Cash Flow
70
Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 21.17B | 20.50B | 19.87B | 18.79B | 18.04B | 14.42B |
| Gross Profit | 7.01B | 7.14B | 10.75B | 9.84B | 9.79B | 7.59B |
| EBITDA | 2.75B | 2.69B | 3.57B | 3.61B | 3.23B | 2.47B |
| Net Income | 2.03B | 2.04B | 2.46B | 2.39B | 2.09B | 1.51B |
Balance Sheet | ||||||
| Total Assets | 0.00 | 19.58B | 18.63B | 18.46B | 16.77B | 15.52B |
| Cash, Cash Equivalents and Short-Term Investments | 8.46B | 8.49B | 7.01B | 8.10B | 6.56B | 5.41B |
| Total Debt | 0.00 | 466.99M | 673.66M | 444.67M | 530.92M | 452.11M |
| Total Liabilities | -14.72B | 4.86B | 4.95B | 4.87B | 4.93B | 5.22B |
| Stockholders Equity | 14.72B | 14.72B | 13.54B | 13.46B | 11.73B | 10.15B |
Cash Flow | ||||||
| Free Cash Flow | 659.64M | 1.92B | 933.18M | 1.71B | 1.23B | 781.31M |
| Operating Cash Flow | 759.81M | 2.14B | 1.22B | 2.36B | 1.62B | 979.82M |
| Investing Cash Flow | 322.36M | -915.85M | 1.27B | -1.43B | -1.05B | -719.01M |
| Financing Cash Flow | -962.05M | -1.13B | -2.60B | -835.02M | -596.00M | -105.60M |
Cera Sanitaryware Limited Technical Analysis
Negative
6017.95
Price Trends
5412.53
Negative
5770.51
Negative
5431.85
Negative
Market Momentum
-223.89
Positive
20.09
Positive
5.28
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:CERA, the sentiment is Negative. The current price of 6017.95 is above the 20-day moving average (MA) of 4989.06, above the 50-day MA of 5412.53, and above the 200-day MA of 5431.85, indicating a bearish trend. The MACD of -223.89 indicates Positive momentum. The RSI at 20.09 is Positive, neither overbought nor oversold. The STOCH value of 5.28 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:CERA.
Cera Sanitaryware Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | ₹76.80B | 24.35 | ― | 0.44% | 7.24% | -4.99% | |
71 Outperform | ₹15.70B | 16.86 | ― | 3.53% | -2.81% | -5.22% | |
66 Neutral | ₹58.51B | 28.86 | ― | 1.65% | 8.68% | -17.48% | |
62 Neutral | ₹28.40B | 40.50 | ― | 0.48% | 9.14% | -15.01% | |
56 Neutral | ₹27.28B | 25.58 | ― | 0.31% | 13.99% | 50.86% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
42 Neutral | ₹13.63B | -218.16 | ― | 0.10% | 6.12% | 93.53% |
* General Sector Average
IN:CERA
Cera Sanitaryware Limited
4,536.20
-1,365.47
-23.14%
IN:BOROLTD
Borosil Ltd
237.50
-105.75
-30.81%
IN:CARYSIL
Carysil Limited
959.30
53.95
5.96%
IN:CELLO
Cello World Limited
340.50
-280.65
-45.18%
IN:HINDWAREAP
Hindware Home Innovation Limited
163.00
-204.05
-55.59%
IN:LAOPALA
La Opala RG Ltd.
141.40
-83.44
-37.11%
Cera Sanitaryware Limited Corporate Events
Cera Sanitaryware Files SEBI Dematerialisation Compliance Certificate for September Quarter
Oct 14, 2026
Cera Sanitaryware Limited has submitted to BSE and NSE a confirmation certificate from its registrar and share transfer agent under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended September 30, ...
CARE Reaffirms Strong Credit Ratings for Cera Sanitaryware’s Bank Facilities
Aug 28, 2026
Cera Sanitaryware Limited announced that CARE Ratings Limited has reaffirmed its credit ratings on the company’s bank facilities totaling Rs 100 crore. The long-term bank facilities of Rs 56 crore have been rated CARE AA with a Stable outloo...
Cera Sanitaryware Posts Volume-Driven 19.5% Revenue Growth in Q1 FY27
Aug 12, 2026
Cera Sanitaryware Limited reported a strong start to FY27, with first-quarter revenues rising 19.5% year-on-year, driven mainly by higher volumes. Sanitaryware and faucetware contributed 47% and 40% of sales respectively, reflecting balanced growt...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.