MarketFriction

Cera Sanitaryware Ltd

NSE CERA · BSE 532443 · Sanitary Ware
₹5,096.50 +0.17%
NSE close2026-10-01
52 week range4,461.10 - 6,740.00
Market cap₹6,609 Cr.
P/E32.0
Microcap 250 Price band 20% Delivery 37.1%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Standalone, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales461437547398490449578407488499624486
Expenses387377455342420390472354421448526437
Operating Profit7459925670591065367519849
OPM %16%14%17%14%14%13%18%13%14%10%16%10%
Other Income111616161812141917-71721
Interest111132212211
Depreciation899810101091010109
Profit before tax76659863756010861723210460
Tax %25%22%23%25%10%23%21%24%22%27%25%24%
Net Profit575175476846864757247745
EPS in Rs43.7439.1257.6936.1152.7935.5666.3536.0843.9218.3559.9735.13
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales9171,0111,1821,3441,2091,2021,4421,8031,8711,9152,0502,097
Expenses7768411,0141,1521,0451,0521,2201,5101,5771,6221,7811,832
Operating Profit141171168191164150221293295293269265
OPM %15%17%14%14%14%12%15%16%16%15%13%13%
Other Income101114151422172559594548
Interest555344555766
Depreciation161822233333303034393939
Profit before tax129158154180141134203282314306269268
Tax %36%34%35%36%18%25%27%26%24%19%24%
Net Profit83104100115116101149210239246204203
EPS in Rs64.1779.9477.0888.4689.1477.89114.84161.20183.89191.11158.32157.37
Dividend Payout %14%15%16%15%15%17%30%31%33%34%47%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth8%11%4%9%
Compounded Profit Growth10%16%-1%-17%
Stock Price CAGR8%0%-16%-17%
Return on Equity17%18%17%15%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital666666666666
Reserves3454155185986947668689991,1631,3361,3441,466
Borrowings683534241833283746406347
Other Liabilities224290302320371320381385441443427439
Total Liabilities6447478619491,0891,1261,2831,4271,6561,8251,8411,958
Fixed Assets215226266279305350330321320356380372
CWIP8405111111713117
Investments4867119139212262513567669807702815
Other Assets374449475525561512440539649649749764
Total Assets6447478619491,0891,1261,2831,4271,6561,8251,8411,958
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity411161127211412326298156228116212
Cash from Investing Activity-117-38-92-36-102-76-243-70-101-140128-88
Cash from Financing Activity76-48-20-34-27-53-13-21-59-80-258-115
Net Cash Flow-130-01-15-677-38-149
Free Cash Flow-4392582473822538512316789192
CFO/OP59%103%96%74%89%106%194%67%77%103%59%104%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days727580838167634238395149
Inventory Days1201099810410112896154167148163139
Days Payable4648585053528110493757777
Cash Conversion Cycle1451371201361291427892112112137111
Working Capital Days434743565866303743446561
ROCE %32%30%31%26%27%19%16%22%26%25%22%19%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters54.48%54.48%54.48%54.48%54.41%54.41%54.41%54.41%54.41%54.41%54.41%54.41%
FIIs20.92%20.63%21.93%21.45%22.89%22.17%20.58%17.18%15.83%14.61%14.20%15.42%
DIIs8.38%8.38%6.61%7.30%6.06%6.26%6.93%12.06%13.55%14.01%14.18%14.07%
Public16.26%16.53%16.98%16.79%16.64%17.16%18.06%16.33%16.19%16.93%17.18%16.08%
Others0.00%0.00%0.00%0.00%0.01%0.01%0.03%0.02%0.02%0.04%0.04%0.02%
No. of Shareholders42,31634,87834,80433,1231,78,7141,65,5761,56,9051,52,0961,47,9871,46,5311,41,0061,31,617

Fundamentals

Market Cap₹ 6,609 Cr.
Current Price₹ 5,124
Stock P/E32.0
Book Value₹ 1,142
ROCE19.2 %
ROE14.8 %
Dividend Yield1.46 %
Face Value₹ 5.00
Compounded Sales Growth (TTM)9%
Compounded Profit Growth (TTM)-17%
Standalone figures.
Valuation
Market capRs 6,573 Cr
Enterprise valueRs 6,572 Cr
P/E (TTM)32.39x
Price to book4.46x
Price to sales3.13x
EV / EBITDA20.99x
EV / EBIT23.98x
EV / sales3.13x
Price to cash flow31.02x
Earnings yield3.09%
Dividend yield1.47%
P/E, 3-year average31.74x
P/B, 3-year average5.32x
P/E, 5-year average35.65x
P/B, 5-year average5.90x
Profitability
Operating margin (excl. other income)13.14%
Operating margin (incl. other income)15.33%
EBITDA margin14.93%
Pre-tax margin12.77%
Net profit margin9.68%
Net margin, latest quarter9.32%
ROE14.47%
ROCE18.79%
ROA10.75%
ROE, 3-year average17.27%
ROCE, 3-year average21.93%
ROA, 3-year average12.65%
ROE, 5-year average17.40%
ROCE, 5-year average22.52%
ROA, 5-year average12.51%
ROIC (approx.)14.14%
Tax rate24.12%
Other income / net worth3.05%
Growth
Sales growth (latest year)7.04%
Profit growth (latest year)-17.16%
Sales CAGR, 3 years4.37%
Sales CAGR, 5 years11.27%
Profit CAGR, 3 years-0.88%
Profit CAGR, 5 years15.05%
Sales growth QoQ-22.12%
Profit growth QoQ-41.41%
Sales growth YoY (latest quarter)19.46%
Profit growth YoY (latest quarter)-2.62%
Per share
EPS (TTM)Rs 157.37
EPS (latest year)Rs 158.32
EPS (latest quarter)Rs 35.13
EPS, 3-year averageRs 177.77
EPS, 5-year averageRs 161.87
Book value per shareRs 1,141.57
Sales per shareRs 1,625.78
Cash flow per shareRs 164.29
Free cash flow per shareRs 148.87
Dividend per share (latest year)Rs 75.01
Dividend per share, 3-year averageRs 66.67
Dividend per share, 5-year averageRs 56.99
Dividends
Dividend payout47.38%
Dividend payout, 3-year average38.00%
Dividend payout, 5-year average35.10%
Efficiency
Asset turnover1.05x
Fixed asset turnover5.51x
Inventory turnover2.91x
Inventory days125 days
Debtor days49 days
Debtors turnover7.49x
Creditor days77 days
Cash conversion cycle111 days
Working capital days61 days
Leverage
Total debtRs 47 Cr
Cash and bankRs 48 Cr
Net debtRs -1 Cr
Debt to equity0.03x
Net debt / EBITDA-0.00x
Interest coverage43.58x
Current ratio (filing 2026-03-31)4.26x
Quick ratio (filing 2026-03-31)3.18x
Trade payables (filing 2026-03-31)Rs 220 Cr
Owners' fund to total sources75.19%
Debt to assets2.38%
Cash flow
Cash from Operating Activity (latest year)Rs 212 Cr
Cash from Investing Activity (latest year)Rs -88 Cr
Cash from Financing Activity (latest year)Rs -115 Cr
Net Cash Flow (latest year)Rs 9 Cr
Free cash flow (latest year)Rs 192 Cr
FCFE (approx.: FCF + change in debt)Rs 175 Cr
Cash from ops / profit, 5 years0.77x
Sales to cash flow9.68x
Statement figures
Net sales (TTM)Rs 2,097 Cr
Net sales (latest year)Rs 2,050 Cr
Sales (latest quarter)Rs 486 Cr
Operating profit excl. other income (latest year)Rs 269 Cr
Operating profit (latest quarter)Rs 49 Cr
Other income (TTM)Rs 48 Cr
EBITDA (TTM)Rs 313 Cr
PBDT (TTM)Rs 307 Cr
Profit before tax (TTM)Rs 268 Cr
Tax (latest year)Rs 65 Cr
Net profit (TTM)Rs 203 Cr
Net profit (latest year)Rs 204 Cr
Net profit (latest quarter)Rs 45 Cr
Depreciation (TTM)Rs 39 Cr
Depreciation (latest quarter)Rs 9 Cr
Interest (TTM)Rs 6 Cr
Cost of goods sold (latest year)Rs 1,153 Cr
Total expenditure (latest year)Rs 1,781 Cr
Total income (latest year)Rs 2,095 Cr
Share capitalRs 6 Cr
ReservesRs 1,466 Cr
Shareholders' fundsRs 1,472 Cr
Total assetsRs 1,958 Cr
Net blockRs 372 Cr
Capital work in progressRs 7 Cr
InvestmentsRs 815 Cr
ReceivablesRs 274 Cr
InventoryRs 396 Cr
Other liabilitiesRs 439 Cr
Shares outstanding (crore)1.29
Ownership
Promoter holding54.41% (+0.00 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 32.4 is at the 28th percentile of its own 9.4-year range (median 38.7, low 24.6, high 67.0).
P/B 4.46 is at the 8th percentile (median 6.41).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodCERANifty 50Difference
1 week-7.2%-2.8% -4.4 pts
1 month-10.9%-6.8% -4.1 pts
3 months-21.1%-7.6% -13.5 pts
6 months+11.7%+0.4% +11.3 pts
1 year-16.8%-9.9% -6.9 pts
2 years-38.2%-13.6% -24.7 pts
3 years-40.2%+14.2% -54.4 pts
5 years-1.3%+27.9% -29.2 pts
31 mutual fund schemes hold about ₹961 Cr. Over three months 22 bought more and 4 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
HSBC Small Cap Fund1.09%209 +5%
Canara Rob Small Cap Fund1.25%183 +7%
UTI Value Fund0.85%81 +8%
Mirae Asset Small Cap Fund1.05%60 -5%
Canara Rob Multi Cap Fund0.80%46 +4%
Bandhan Flexi Cap Fund0.61%46 +11%
Tata India Consumer Fund1.48%43 +5%
UTI Small Cap Fund0.75%40 +8%
UTI Dividend Yield Fund1.03%39 +9%
HDFC Multi Cap Fund0.18%37 +10%
Edelweiss Small Cap Fund0.44%32 +2%
UTI ELSS Tax Saver Fund0.84%29 +7%
Mirae Asset Multicap Fund0.43%24 +100%
Bajaj Finserv Large & Mid Cap Fund0.69%17 +182%
Mirae Asset Flexi Cap Fund0.36%16 -5%
Bandhan Multi Asset Allocation Fund0.31%12 +7%
Bandhan Multi Cap Fund0.37%11 +10%
Bajaj Finserv Small Cap Fund0.42%11 -6%
Motilal Oswal Nifty Microcap 250 Index Fund0.34%9 +5%
Bajaj Finserv Consumption Fund0.90%6 +12%
Canara Rob Conservative Hybrid Fund(Q0.51%4 +15%
UTI Conservative Hybrid Fund(M0.21%4 +10%
Taurus Ethical Fund0.59%3 -39%
Bajaj Finserv ELSS-Tax Saver Fund0.43%0 +7%
Groww Nifty Total Market Index Fund0.02%0 +7%

Red flags

F-score 6 of 8
No red flags in the latest statements and filings.
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹486 Cr +19.4% vs Jun 2025. Net profit ₹45 Cr -4.3%.
Against our estimate for Jun 2026: sales +9.0%, profit -13.1% miss. Our estimate for Sep 2026: sales Rs 555 Cr, profit Rs 58 Cr (how).

Activity

Compare
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No bulk or block deals on record.
Ex-dateActionFactor
2026-07-07Dividend - Rs 75 Per Share
2025-07-01Dividend - Rs 65 Per Sh
2024-08-16Buy Back
2024-06-25Annual General Meeting/Dividend - Rs 60 Per Share
2023-06-20Annual General Meeting/Dividend - Rs 50 Per Share
2022-06-13Annual General Meeting/Dividend - Rs 20 Per Share/ Special Dividend - Rs 15 Per Share
2021-07-16 Dividend - Rs 13 Per Share
2020-02-26 Interim Dividend-Rs 13 Per Share
2019-07-12 Annual General Meeting/ Dividend - Rs 13 Per Share
2018-08-14 Annual General Meeting/Dividend- Rs 12 Per Share
2017-07-10 Annual General Meeting/Dividend - Rs 12/- Per Share
2016-07-14 Dividend - Rs 9/- Per Share
2015-07-16Dividend - Rs 6.25 Per Share
2014-08-13Dividend Rs 5/- Per Share
2013-06-20Dividend Rs.4 Per Equity Share
2012-08-23Dividend-Rs.3/- Per Share
2011-08-11Dividend-Rs.2.50 Per Share
2010-09-02Bonus 1:10.5000
2010-07-26Dividend-Rs.2.50 Per Share
2009-08-28Dividend-Rs.2/- Per Share
2008-08-28Dividend-Rs.1.50 Pr Share
DateTypeWhat it says
2026-08-28Credit RatingCredit Rating
2026-08-12Concall / analyst meetTranscript of the Q1 FY27 Earnings Conference Call held on 8th August, 2026
2026-08-08Concall / analyst meetLink of Audio Recording ofQ1 FY2027 Earnings Conference Call
2026-08-07UpdatesBoard Meeting Outcome - Investor Communication.
2026-08-07Board meeting outcomeCera Sanitaryware Limited has submitted to the Exchange regarding Outcome of Board Meeting containing the financial results for the period ended Jun 3...
2026-08-06Concall / analyst meetSchedule of Analyst / Investor meet to be held on 13th August, 2026
2026-07-27Concall / analyst meetQ1 FY27 Earnings Conference Call to be held on 8th August, 2026
2026-07-23Shareholder meetingCera Sanitaryware Limited has submitted 28th AGM Voting Results and Scrutinizers Report
2026-07-23Shareholder meetingProceedings of Annual General Meeting held on July 23, 2026
2026-07-21ResignationResignation of Mr. Ramesh Baliga as Chief Business Officer-Polymers and Emerging Business India w.e.f. September 30, 2026.
2026-07-03Credit RatingCredit Rating
2026-06-29Shareholder meetingNotice of Annual General Meeting to be held on July 23, 2026
2026-06-29UpdatesBusiness Responsibility and Sustainability Report for FY 2025-26.
2026-06-19Disclosure under SEBI TakeovCera Sanitaryware Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Sub...
2026-06-17UpdatesIntimation of Exercise of Stock Options under the Cera Sanitaryware - Employee Stock Option Scheme 2024.
2026-06-05UpdatesIntimation of Vesting of Stock Options under the Cera Sanitaryware -Employee Stock Option Scheme 2024.
2026-06-04Concall / analyst meetSchedule of Analyst / Investor Meet to be held on 10th June, 2026
2026-06-03Concall / analyst meetSchedule of Analyst / Investor Meet to be held on 9th June, 2026
2026-05-18Investor PresentationInvestor Presentation
2026-05-14Concall / analyst meetTranscript of the Earnings Conference Call held on 9th May, 2026
2026-05-09Concall / analyst meetAbout
2026-05-08Record DateRecord date for the purpose of Dividend is 07-Jul-2026.
2026-05-08UpdatesBoard Meeting Outcome - Investor Communication.
2026-05-08DividendBoard of Directors at its meeting held on May 08, 2026, recommended Final Dividend of Rs. 75 (1500%) per equity share.
2026-05-08Board meeting outcomeCera Sanitaryware Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.

Quick answers

What is the market cap of Cera Sanitaryware Ltd?

Cera Sanitaryware Ltd (CERA) has a market capitalisation of Rs 6,609 Cr. at the 2026-10-01 close.

What is the P/E ratio of Cera Sanitaryware Ltd?

Cera Sanitaryware Ltd trades at a P/E of 32.0 on trailing twelve-month profit, at the 2026-10-01 close.

What were Cera Sanitaryware Ltd's latest quarterly results?

In the Jun 2026 quarter, Cera Sanitaryware Ltd sales was Rs 486 Cr (+19.4% vs Jun 2025) and net profit was Rs 45 Cr.

What is the 52-week high and low of Cera Sanitaryware Ltd?

The 52-week high is Rs 6,740.00 and the 52-week low is Rs 4,461.10.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03