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Cera Sanitaryware Limited
(CERA)
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Rating:68Neutral
Price Target:
₹6,005.00
▲(16.31% 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
Low leverage / strong balance sheet
A very low debt-to-equity profile and meaningful equity growth provide durable solvency and financial flexibility. This conservative financing reduces bankruptcy risk, supports capital expenditure or distribution decisions, and allows the company to invest or absorb shocks without expensive external funding.
Negative Factors
Margin compression in 2026
Declining gross and net margins in 2026 suggest rising input costs, pricing pressure, or adverse product mix. Persisting margin erosion would reduce core earnings power, force either price increases that risk volumes or cost cuts that may hurt quality, and pressure returns over multiple quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage / strong balance sheet
A very low debt-to-equity profile and meaningful equity growth provide durable solvency and financial flexibility. This conservative financing reduces bankruptcy risk, supports capital expenditure or distribution decisions, and allows the company to invest or absorb shocks without expensive external funding.
Read all positive factors
Cera Sanitaryware Limited (CERA) vs. iShares MSCI India ETF (INDA)
Market Cap
₹80.91B
Dividend Yield1.23%
Average Volume (3M)497.00
Price to Earnings (P/E)39.7
Beta (1Y)1.12
Revenue Growth6.58%
EPS Growth-17.00%
CountryIN
Employees2,500
SectorGeneral
Sector StrengthN/A
IndustryFurnishings, Fixtures & Appliances
Share Statistics
EPS (TTM)158.34
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)203.1
Revenue Forecast (FY)₹23.35B
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 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 | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 20.50B | 19.87B | 18.79B | 18.04B | 14.42B |
| Gross Profit | 7.14B | 10.75B | 9.84B | 9.79B | 7.59B |
| EBITDA | 2.69B | 3.60B | 3.61B | 3.23B | 2.46B |
| Net Income | 2.04B | 2.46B | 2.39B | 2.09B | 1.51B |
Balance Sheet | |||||
| Total Assets | 19.58B | 18.63B | 18.46B | 16.77B | 15.52B |
| Cash, Cash Equivalents and Short-Term Investments | 8.49B | 7.01B | 8.10B | 6.56B | 5.41B |
| Total Debt | 466.99M | 673.66M | 444.67M | 530.92M | 452.11M |
| Total Liabilities | 4.86B | 4.95B | 4.87B | 4.93B | 5.22B |
| Stockholders Equity | 14.72B | 13.54B | 13.46B | 11.73B | 10.15B |
Cash Flow | |||||
| Free Cash Flow | 1.92B | 933.18M | 1.71B | 1.23B | 781.31M |
| Operating Cash Flow | 2.14B | 1.22B | 2.36B | 1.62B | 979.82M |
| Investing Cash Flow | -915.85M | 1.27B | -1.43B | -1.05B | -719.01M |
| Financing Cash Flow | -1.13B | -2.60B | -835.02M | -596.00M | -105.60M |
Cera Sanitaryware Limited Technical Analysis
Positive
5163.05
Price Trends
5847.76
Positive
5372.54
Positive
5460.16
Positive
Market Momentum
163.84
Positive
56.64
Neutral
18.72
Positive
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 6277.63, below the 50-day MA of 5847.76, and below the 200-day MA of 5460.16, indicating a bullish trend. The MACD of 163.84 indicates Positive momentum. The RSI at 56.64 is Neutral, neither overbought nor oversold. The STOCH value of 18.72 is Positive, 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 (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | ₹189.88B | 39.86 | ― | 1.15% | 3.25% | 64.91% | |
69 Neutral | ₹102.44B | 17.24 | ― | 1.19% | -0.69% | -25.08% | |
68 Neutral | ₹80.91B | 39.73 | ― | 1.23% | 6.58% | -17.00% | |
64 Neutral | ₹20.82B | 25.72 | ― | 0.71% | 4.93% | 35.20% | |
56 Neutral | ₹415.32M | 14.83 | ― | ― | 0.75% | -61.40% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
49 Neutral | ₹25.61B | 86.47 | ― | ― | 72.39% | ― |
* General Sector Average
IN:CERA
Cera Sanitaryware Limited
6,314.30
-287.75
-4.36%
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106.55
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IN:SOMANYCERA
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-6.72%
Cera Sanitaryware Limited Corporate Events
Cera Sanitaryware ESOP 2024 Options Vest After Two Years
Jun 5, 2026
Cera Sanitaryware Limited has announced that 2,244 employee stock options granted on 5 June 2024 under its Employee Stock Option Scheme 2024 have completed a two-year time-based vesting period and are now exercisable from 5 June 2026. These vested...
Cera Sanitaryware Schedules Investor Meet at ICICI Securities Conference
Jun 3, 2026
Cera Sanitaryware Limited has scheduled an in-person group meeting with analysts and institutional investors during the ICICI Securities India Investor Conference in Mumbai on June 9, 2026. The company emphasized that the schedule is tentative and...
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.