C

Cera Sanitaryware Limited

CERA
Market snapshot · 2026-08-10 20:56 UTC

6,033.50

₹-28.50 (-0.47%)

MARKET CAP

₹7.78K Cr

STOCK P/E

38.1x

52W HIGH

₹6,740.00

52W LOW

₹4,461.10

BOOK VALUE

₹1,141.57

EPS

₹158.22

ROE

14.47%

SECTOR

Industrials

DEBT/EQUITY

3.17

VOLUME

7,328

P/B RATIO

5.29x

PEG RATIO

-3.95

Sector

Industrials

Themes

Building Products - Ceramics
D
Dividend
E
Earnings
₹6,453.98₹5,958.65₹5,463.32₹4,967.99₹4,472.66VolumeEEEDAug '25Sep '25Nov '25Jan '26Mar '26Apr '26Jun '26Aug '26

AI Summary

✦ Clartha

Cera Sanitaryware is an Indian building-products manufacturer, seller, and trader. Sanitaryware, faucets and bath accessories drive core revenue, alongside tiles, kitchen sinks, and bathroom furniture. Its dealer network and direct channels serve homeowners, developers, contractors, government bodies, and large institutional buyers. Q1FY27 revenue rose 19.5% to ₹486 crore, but lower profit indicates limited operating leverage despite stronger sales. ROE is 14.5%, while declining margins and a 17.2% profit contraction weaken earnings quality. Debt/equity of 3.17 indicates high leverage, which magnifies financial risk and pressures the sustainability of ROE. At 38.3x earnings, the stock appears rich versus its recent profit trajectory and sector growth profile. Positive sentiment may persist if revenue momentum broadens, but leverage, margin recovery, and earnings conversion remain key open questions.

Valuation Metrics

Trading 8.8% below historical median. Valuation is declining — currently in the strongly undervalued zone (z-score: -0.55). Confidence: 81%.

Live forward EPS implies next-12-month EPS of ₹233.80. Applying the stock's normalized valuation corridor produces a fair range of ₹8,430.83 to ₹11,549.72, with base value near ₹9,819.60 (+62.8% vs current price).

Forward Valuation Outlook

Live forward estimate anchored to the company's historical valuation corridor.

Below normalized range

Forward EPS

₹233.80

Forward P/E

25.8x

Base Fair Value

₹9,819.60

Fair Range

₹8,430.83 - ₹11,549.72

Upside To Base

+62.8%

Estimate Source

Live forward EPS

Growth Estimate

-9.7%

P/E
Strongly Undervalued

5Y Average

38.88

Current

38.31

Overvalued

49.40

Undervalued

36.06

EV/EBITDA
Undervalued

5Y Average

27.34

Current

26.82

Overvalued

32.28

Undervalued

22.40

P/B
Undervalued

5Y Average

5.31

Current

5.29

Overvalued

6.10

Undervalued

4.51

Peers & Comparison

Sector: Industrials · Theme: Building Products - Ceramics

Building Products - Ceramics Peers1 peer
Avg P/E: 34.5x
CompanyRev. GrowthMarginP/Evs Avg52W Perf.
KAJARIA CERAMICS LTD
KAJARIACERBuilding Products - Ceramics
+20.4%10.8%
34.5x
Fair
0% vs avg
-10.8%
WHY THESE PEERS

CERA SANITARYWARE LTD trades in line with peers (38.1x vs avg 34.5x), reflecting a fair valuation within the Building Products - Ceramics cohort. Peers include KAJARIA CERAMICS LTD — selected based on business model, industry classification, market cap similarity, and business theme alignment.

Financials

Real statement data for revenue, earnings quality, conversion, and balance-sheet coverage. Monetary values are shown in Rs crore.

Latest revenue

₹486 CrJun 2026

Latest net profit

₹45 CrJun 2026

Latest EPS

₹35.13Jun 2026

Net margin

10.0%Jun 2026

Performance

Bars show revenue and net profit. The line shows net margin.

Rs crore + margin %
Q1 '26Q2 '26Q3 '26Q4 '26Q1 '270.0%4.0%8.0%12.0%16.0%0.00 Cr200 Cr400 Cr600 Cr800 Cr
  • Revenue
  • Net income
  • Net margin %

Earnings

Revenue is shown in crores. EPS is rupees per share.

Rs crore + Rs/share
Q1 '26Q2 '26Q3 '26Q4 '26Q1 '270.00 Cr200 Cr400 Cr600 Cr800 Cr₹0₹15₹30₹45₹60
  • Revenue
  • EPS

Revenue to profit conversion

Bridge from operating numbers to profit for the latest reported period.

Rs crore
RevenueExpensesDepreciationOtheradjustmentsOperatingprofitOther incomeInterestOtheradjustmentsProfitbefore taxTax & otherNet Profit0.00 Cr150 Cr300 Cr450 Cr600 Cr

Latest reported period: Jun 2026

Debt level and coverage

Debt, cash and free cash flow compared on the same crore scale.

Rs crore
Annual view
Mar 2022Mar 2023Mar 2024Mar 2025Mar 20260.00 Cr500 Cr1.00K Cr1.50K Cr2.00K Cr
  • Debt
  • Free cash flow
  • Cash & equivalents

Results

MetricJun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales +427461437547398490449578407488499624486
Expenses +358387377455342420390472354421448526437
Operating Profit687459925670591065367519849
OPM %16%16%14%17%14%14%13%18%13%14%10%16%10%
Other Income +16111616161812141917-71721
Interest1111132212211
Depreciation8899810101091010109
Profit before tax7576659863756010861723210460
Tax %25%25%22%23%25%10%23%21%24%22%27%25%24%
Net Profit +56575175476846864757247745
EPS in Rs43.3443.7439.1257.6936.1152.7935.5666.3536.0843.9218.3559.9735.13
Raw PDF

All values in ₹ Crores unless otherwise stated. Source: Screener Master (Standalone).

Shareholding Pattern

HolderJun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters +54.41%54.41%54.41%54.41%54.41%
FIIs +17.18%15.83%14.61%14.20%15.42%
DIIs +12.06%13.55%14.01%14.18%14.07%
Public +16.33%16.19%16.93%17.18%16.08%
Others0.02%0.02%0.04%0.03%0.02%
Jun 2026
Promoters +
FIIs +
DIIs +
Public +
Others

Events Timeline

Annual Report FY26

FY2026PDFCompany Reports Open

Link Of Audio Recording Of Q1 FY2027 Earnings Conference Call Held On 8Th August, 2026

Aug 08, 2026PDFCompany Reports Open

Announcement under Regulation 30 (LODR)-Newspaper Publication

Aug 08, 2026PDFCompany Reports Open

Board Meeting Outcome - Investor Communication

Aug 07, 2026PDFCompany Reports Open

Unaudited Financial Results For The Quarter Ended 30Th June, 2026

Aug 07, 2026PDFCompany Reports Open