Cera Sanitaryware Limited (IN:CERA)
:CERA
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Cera Sanitaryware Limited
(CERA)
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Rating:68Neutral
Price Target:
₹6,309.00
▲(22.20% Upside)
Action:Reiterated
Date:05/11/26
The score is led by strong financial quality (notably a very low-debt balance sheet), but is held back by 2026 margin compression and cash-flow variability. Technically the trend is positive, yet overbought indicators add near-term risk. A high P/E with a modest dividend yield further limits the overall score.
Positive Factors
Conservative balance sheet
Very low leverage and meaningful equity growth provide strong solvency and financing optionality. This durable capital structure supports capex, dealer network investment and downturn resilience, enabling multi-month strategic execution without relying on external debt.
Negative Factors
Margin compression
Declining gross and net margins point to sustained input-cost pressure, pricing limits or adverse mix. Margin erosion can persist and reduce future cash generation, constrain reinvestment and compress returns on capital over the medium term if cost or pricing dynamics don’t improve.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
Very low leverage and meaningful equity growth provide strong solvency and financing optionality. This durable capital structure supports capex, dealer network investment and downturn resilience, enabling multi-month strategic execution without relying on external debt.
Read all positive factors
Cera Sanitaryware Limited (CERA) vs. iShares MSCI India ETF (INDA)
Market Cap
₹74.23B
Dividend Yield1.23%
Average Volume (3M)497.00
Price to Earnings (P/E)28.8
Beta (1Y)1.01
Revenue Growth6.58%
EPS Growth-17.01%
CountryIN
Employees2,510
SectorConsumer Defensive
Sector Strength42
IndustryConstruction
Share Statistics
EPS (TTM)181.93
Shares Outstanding12,897,541
10 Day Avg. Volume345
30 Day Avg. Volume497
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 Target
₹7,429.00Price Target Upside43.89% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)211.3
Revenue Forecast (FY)₹22.34B
Cera Sanitaryware Limited Business Overview & Revenue Model
Company Description
Cera Sanitaryware Limited manufactures, sells, trades in, and outsources sanitary ware and faucet ware products in India. It offers sanitary ware products, including EWC's, wash basins, cisterns, seat covers, urinals, electronic flushing systems, ...
How the Company Makes Money
CERA primarily makes money by selling branded bathroom and plumbing products in India through a distributor/dealer/retailer channel and, to a smaller extent, through institutional/project sales. The company’s key revenue streams are (1) sanitarywa...
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 | 19.43B | 20.50B | 19.87B | 18.79B | 18.04B | 14.42B |
| Gross Profit | 8.60B | 7.14B | 10.75B | 9.84B | 9.79B | 7.59B |
| EBITDA | 3.52B | 2.69B | 3.60B | 3.61B | 3.23B | 2.46B |
| Net Income | 2.35B | 2.04B | 2.46B | 2.39B | 2.09B | 1.51B |
Balance Sheet | ||||||
| Total Assets | 18.14B | 19.58B | 18.63B | 18.46B | 16.77B | 15.52B |
| Cash, Cash Equivalents and Short-Term Investments | 7.18B | 8.49B | 7.01B | 8.10B | 6.56B | 5.41B |
| Total Debt | 998.84M | 466.99M | 673.66M | 444.67M | 530.92M | 452.11M |
| Total Liabilities | 4.43B | 4.86B | 4.95B | 4.87B | 4.93B | 5.22B |
| Stockholders Equity | 13.71B | 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
Positive
5163.05
Price Trends
5105.06
Positive
5111.12
Positive
5584.05
Positive
Market Momentum
175.89
Positive
60.29
Neutral
37.81
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:CERA, the sentiment is Positive. The current price of 5163.05 is below the 20-day moving average (MA) of 5525.94, above the 50-day MA of 5105.06, and below the 200-day MA of 5584.05, indicating a bullish trend. The MACD of 175.89 indicates Positive momentum. The RSI at 60.29 is Neutral, neither overbought nor oversold. The STOCH value of 37.81 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:CERA.
Cera Sanitaryware Limited Peers Comparison
UnderperformOutperform
Sector (62)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | ₹168.05B | 23.52 | ― | 1.15% | 3.25% | 64.91% | |
68 Neutral | ₹74.23B | 28.82 | ― | 1.23% | 6.58% | -17.01% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
62 Neutral | ₹21.27B | 22.77 | ― | 0.71% | 4.93% | 35.20% | |
61 Neutral | ₹103.87B | 23.17 | ― | 1.19% | -5.57% | -37.23% | |
48 Neutral | ₹21.92B | 69.73 | ― | ― | 72.39% | ― | |
42 Neutral | ₹474.12M | 137.24 | ― | ― | 224.36% | ― |
* Consumer Defensive Sector Average
IN:CERA
Cera Sanitaryware Limited
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-591.98
-9.33%
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Cera Sanitaryware Limited Corporate Events
Cera Sanitaryware Schedules Analyst and Investor Meet in Mehsana
Mar 23, 2026
Cera Sanitaryware Limited has scheduled a physical group meeting with analysts and institutional investors on March 27, 2026, in Kadi, Mehsana, as part of its regular engagement with the financial community. The company emphasized that the schedul...
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.