Cera Sanitaryware (CERA) had a P/E of 30.6× on 6 Nov 2026, above the industry P/E of 24.8×, and the shares are 29% below their 52-week high. Sales grew 4.1% a year over 3 years while net profit fell 0.8%; its ROCE of 17% is the second-lowest among the 7 largest Building Products & Equipment peers. It carries very little debt, and its dividend yield is 1.6%. It is a small-cap company with a market cap of ₹6,188 Cr, ranked 8th of 64 Building Products & Equipment companies by market cap; the shares fell 24% over the past year.
- ₹4,780.00
- ₹4,837.20
- ₹4,700.00
- ₹4,801.70
- 12.6K
Health check
- ReturnsBehind
−23.7% over a year, better than 0 of 7 peers.
- Price tagPricier
P/E 30.6 vs industry 24.8.
- GrowthSlow
Sales +4.1%, profit −0.8% a year over 3 years.
- ProfitabilityAverage
ROCE 17.3% vs peer median 20.7%.
- Balance sheetSolid
Practically debt-free, Piotroski 6 of 9.
- Red flagsNone found
No warning signs in the headline numbers.
Small cap
Market sensitivity
Key metrics
- Market cap
- ₹6,188 Cr
- Small cap
- P/E
- 30.6
- Industry 24.8
- Price to book
- 4.21
- Peers 7.95
- Dividend yield
- 1.56%
- ROE
- 14.3%
- Peers 18.7%
- ROCE
- 17.3%
- Peers 20.7%
- Debt to equity
- 0.03
- Debt ₹48 Cr
- EPS (TTM)
- ₹156.97
- Face value ₹5
- OPM (TTM)
- 12.2%
- Net margin 9.0%
- Sales growth
- +27.4%
- Latest quarter vs a year ago
- Profit growth
- −0.9%
- Latest quarter vs a year ago
- Price to sales
- 2.74
- EV/EBITDA 20.6
Strengths and risks
Strengths
- Practically debt-free.
- Quarterly sales up 27.4% on a year ago.
- Positive operating cash flow in each of the last 4 years.
About Cera Sanitaryware
Cera Sanitaryware Limited manufactures, sells, and trades in building material products in India. The company offers sanitaryware, including toilets, wash basins, cisterns, seat covers, and fittings; faucets, showers, health faucets, allied products, and bath accessories; urinals; special needs bathroom products, shower chairs, and grab bars and handrails; green bathroom products; floor and wall tiles; shower partitions; kitchen sinks; bathtubs; and…
- Headquarters
- Ahmedabad
- Employees
- 2,502
- Sector
- Industrials
- ISIN
- INE739E01017
- Website
- cera-india.com
Price range
- Avg volume (3M)
- 10.7K
- 1-year return
- minus 23.7%
- From 52-week high
- minus 28.8%
Analyst consensus
Peers · Building Products & Equipment
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| CPPLUSAditya Infotech | 4,131.40 | minus 0.94% | 50,682 | 82.2 | 88.3 | 25.9% | 14.5% | 0.10 | 22.7% | plus 215.4% |
| SUPREMEINDSupreme Industries | 3,156.90 | minus 4.07% | 40,118 | 35.5 | 25.0 | 19.6% | 14.4% | 0.01 | 6.8% | minus 15.4% |
| ASTRALAstral | 1,253.60 | minus 9.68% | 33,678 | 59.3 | 31.1 | 17.6% | 15.5% | 0.08 | 8.4% | minus 5.4% |
| BLUESTARCOBlue Star | 1,575.00 | plus 0.19% | 32,381 | 60.6 | 33.4 | 20.7% | 6.6% | 0.22 | 15.7% | minus 18.0% |
| GRINDWELLGrindwell Norton | 1,919.10 | minus 0.55% | 21,248 | 46.0 | 34.1 | 21.0% | 19.2% | 0.02 | 6.6% | plus 16.8% |
| KAJARIACERKajaria Ceramics | 1,180.70 | minus 2.08% | 18,554 | 31.1 | 21.0 | 21.0% | 19.0% | 0.13 | 3.3% | plus 3.3% |
| FINPIPEFinolex Industries | 141.95 | minus 1.95% | 8,777 | 14.5 | 9.5 | 12.6% | 17.5% | 0.02 | −2.4% | minus 23.1% |
| CERACera Sanitaryware | 4,798.70 | minus 0.06% | 6,188 | 30.6 | 20.0 | 17.3% | 12.5% | 0.03 | 4.1% | minus 23.7% |
| Median of 7 peers | – | −1.95% | 32,381 | 46.0 | 31.1 | 20.7% | 15.5% | 0.08 | 6.8% | −5.4% |
Quarterly results
| ₹ Cr | Sep 25 | Dec 25 | Mar 26 | Jun 26 | Sep 26 |
|---|---|---|---|---|---|
| 473 | 499 | 644 | 486 | 603 | |
| 406 | 448 | 546 | 437 | 530 | |
| 67.1 | 51.1 | 97.9 | 49.2 | 73.3 | |
| 14.2% | 10.2% | 15.2% | 10.1% | 12.2% | |
| 16.6 | 11.4 | 6.3 | 21.3 | 10.9 | |
| 1.6 | 2 | 1.4 | 1.3 | 1.4 | |
| 9.8 | 9.8 | 9.9 | 9.4 | 9.8 | |
| – | −18.5 | 10.7 | – | – | |
| 72.2 | 32.2 | 104 | 59.8 | 73 | |
| 21.6% | 26.6% | 25.3% | 24.2% | 23.1% | |
| 56.6 | 23.7 | 77.3 | 45.3 | 56.1 | |
| 43.92 | 18.35 | 59.96 | 35.13 | 43.52 |
Profit & loss
- Sales CAGR 3Y
- +4.1%
- Profit CAGR 3Y
- −0.8%
- EPS CAGR 3Y
- −0.6%
- ROE
- 14.3%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 1,800 | 1,866 | 1,876 | 2,033 | |
| – | +3.7% | +0.5% | +8.4% | |
| 1,494 | 1,546 | 1,581 | 1,764 | |
| 306 | 320 | 294 | 269 | |
| 17.0% | 17.2% | 15.7% | 13.2% | |
| 2.8 | 4.5 | 5.9 | 5.4 | |
| 5.7 | 5.7 | 7 | 6.2 | |
| 32.6 | 36.5 | 38.5 | 38.7 | |
| 14.1 | 36.2 | 51.3 | 39.6 | |
| 285 | 319 | 306 | 269 | |
| 25.9% | 24.3% | 19.5% | 24.1% | |
| 209 | 239 | 246 | 204 | |
| – | +14.1% | +3.1% | minus 17.2% | |
| 161.01 | 183.76 | 190.40 | 158.31 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 6.5 | 6.5 | 6.4 | 6.4 | |
| 1,166 | 1,339 | 1,344 | 1,466 | |
| 53.1 | 44.5 | 63.4 | 46.7 | |
| 451 | 455 | 427 | 439 | |
| 1,677 | 1,846 | 1,841 | 1,958 | |
| 360 | 389 | 390 | 379 | |
| 21.4 | 18 | 12 | 8.3 | |
| 25.2 | 24.1 | 24.3 | 14.2 | |
| 656 | 803 | 694 | 844 | |
| 614 | 611 | 720 | 713 | |
| 1,677 | 1,846 | 1,841 | 1,958 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 162 | 236 | 116 | 212 | |
| −105 | −143 | 128 | −88.5 | |
| −59.6 | −83.5 | −258 | −115 | |
| −2.6 | 9.7 | −13.8 | 8.7 | |
| −39.4 | −64.8 | −28 | −21.3 | |
| 123 | 171 | 87.6 | 191 | |
| −45.5 | −65 | −78 | −83.8 |
Shareholding pattern
- Promoters54.41%
- Public45.53%
- Employee trusts0.05%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 54.41% | 45.53% | 0.00 | |
| 30 Jun 2026 | 54.41% | 45.57% | 0.00 | |
| 31 Mar 2026 | 54.41% | 45.55% | 0.00 | |
| 31 Dec 2025 | 54.41% | 45.55% | 0.00 | |
| 30 Sep 2025 | 54.41% | 45.57% | – |
Major shareholders
Filings & events
News
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