Cera Sanitaryware Ltd: Intrinsic Value & Share Price Analysis

Share Price and Basic Stock Data

Last Updated: April 10, 2025, 12:39 pm

Market Cap	7,040 Cr.
Current Price	5,413
High / Low	11,500/5,060
Stock P/E	29.8
Book Value	938
Dividend Yield	1.11 %
ROCE	24.6 %
ROE	19.0 %
Face Value	5.00
PEG Ratio	1.62

Stock P/E, Current Price, and Intrinsic Value Over Time

Stock P/E Current Price Intrinsic Value

View Share Price Target for Cera Sanitaryware Ltd

Competitors of Cera Sanitaryware Ltd

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
Exxaro Tiles Ltd	281 Cr.	6.27	12.0/5.30		6.09	0.00 %	4.54 %	0.72 %	1.00
Carysil Ltd	1,698 Cr.	598	989/482	28.0	174	0.33 %	17.1 %	17.6 %	2.00
Somany Ceramics Ltd	1,728 Cr.	421	873/395	25.2	180	0.71 %	14.4 %	12.9 %	2.00
Orient Bell Ltd	369 Cr.	252	447/215	73.8	213	0.20 %	0.97 %	0.34 %	10.0
Nitco Ltd	802 Cr.	112	149/58.0		82.2	0.00 %	14.0 %	%	10.0
Industry Average	2,832.56 Cr	771.03		81.20	191.13	0.54%	11.54%	19.41%	6.10

All Competitor Stocks of Cera Sanitaryware Ltd

Quarterly Result

Metric	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
Sales	387	439	396	414	456	533	427	461	437	547	398	490	449
Expenses	326	356	335	348	383	445	358	387	377	455	342	420	390
Operating Profit	61	82	61	66	73	88	68	74	59	92	56	70	59
OPM %	16%	19%	15%	16%	16%	17%	16%	16%	14%	17%	14%	14%	13%
Other Income	4	0	-0	11	14	5	16	11	16	16	16	18	12
Interest	1	2	1	1	1	2	1	1	1	1	1	3	2
Depreciation	8	8	7	8	8	8	8	8	9	9	8	10	10
Profit before tax	56	73	53	68	77	83	75	76	65	98	63	75	60
Tax %	25%	29%	25%	25%	27%	25%	25%	25%	22%	23%	25%	10%	23%
Net Profit	42	52	40	51	56	63	56	57	51	75	47	68	46
EPS in Rs	32.50	40.04	30.47	39.00	43.34	48.39	43.34	43.74	39.12	57.69	36.11	52.35	35.26

Last Updated: February 28, 2025, 8:21 pm

Below is a detailed analysis of the quarterly data for Cera Sanitaryware Ltd based on the most recent figures (Dec 2024) and their trends compared to the previous period:

For Sales, as of Dec 2024, the value is 449.00 Cr.. The value appears to be declining and may need further review. It has decreased from 490.00 Cr. (Sep 2024) to 449.00 Cr., marking a decrease of 41.00 Cr..
For Expenses, as of Dec 2024, the value is 390.00 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 420.00 Cr. (Sep 2024) to 390.00 Cr., marking a decrease of 30.00 Cr..
For Operating Profit, as of Dec 2024, the value is 59.00 Cr.. The value appears to be declining and may need further review. It has decreased from 70.00 Cr. (Sep 2024) to 59.00 Cr., marking a decrease of 11.00 Cr..
For OPM %, as of Dec 2024, the value is 13.00%. The value appears to be declining and may need further review. It has decreased from 14.00% (Sep 2024) to 13.00%, marking a decrease of 1.00%.
For Other Income, as of Dec 2024, the value is 12.00 Cr.. The value appears to be declining and may need further review. It has decreased from 18.00 Cr. (Sep 2024) to 12.00 Cr., marking a decrease of 6.00 Cr..
For Interest, as of Dec 2024, the value is 2.00 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 3.00 Cr. (Sep 2024) to 2.00 Cr., marking a decrease of 1.00 Cr..
For Depreciation, as of Dec 2024, the value is 10.00 Cr.. The value remains steady. There is no change compared to the previous period (Sep 2024) which recorded 10.00 Cr..
For Profit before tax, as of Dec 2024, the value is 60.00 Cr.. The value appears to be declining and may need further review. It has decreased from 75.00 Cr. (Sep 2024) to 60.00 Cr., marking a decrease of 15.00 Cr..
For Tax %, as of Dec 2024, the value is 23.00%. The value appears to be increasing, which may not be favorable. It has increased from 10.00% (Sep 2024) to 23.00%, marking an increase of 13.00%.
For Net Profit, as of Dec 2024, the value is 46.00 Cr.. The value appears to be declining and may need further review. It has decreased from 68.00 Cr. (Sep 2024) to 46.00 Cr., marking a decrease of 22.00 Cr..
For EPS in Rs, as of Dec 2024, the value is 35.26. The value appears to be declining and may need further review. It has decreased from 52.35 (Sep 2024) to 35.26, marking a decrease of 17.09.

Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: March 6, 2025, 4:36 pm

Metric	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Sales	488	664	822	917	1,011	1,182	1,344	1,209	1,202	1,442	1,803	1,871	1,884
Expenses	412	569	703	776	841	1,014	1,152	1,045	1,052	1,220	1,510	1,577	1,607
Operating Profit	76	95	119	141	171	168	191	164	150	221	293	295	277
OPM %	16%	14%	14%	15%	17%	14%	14%	14%	12%	15%	16%	16%	15%
Other Income	9	6	5	10	11	14	15	14	22	17	25	59	63
Interest	7	6	8	5	5	5	3	4	4	5	5	5	7
Depreciation	9	12	15	16	18	22	23	33	33	30	30	34	37
Profit before tax	68	82	101	129	158	154	180	141	134	203	282	314	296
Tax %	32%	37%	33%	36%	34%	35%	36%	18%	25%	27%	26%	24%
Net Profit	46	52	68	83	104	100	115	116	101	149	210	239	236
EPS in Rs	36.52	41.02	52.02	64.17	79.94	77.08	88.46	89.14	77.89	114.84	161.20	183.89	181.41
Dividend Payout %	11%	12%	12%	14%	15%	16%	15%	15%	17%	30%	31%	33%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2013-2014	2014-2015	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024
YoY Net Profit Growth (%)	13.04%	30.77%	22.06%	25.30%	-3.85%	15.00%	0.87%	-12.93%	47.52%	40.94%	13.81%
Change in YoY Net Profit Growth (%)	0.00%	17.73%	-8.71%	3.24%	-29.15%	18.85%	-14.13%	-13.80%	60.46%	-6.59%	-27.13%

Cera Sanitaryware Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2013-2014 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:	11%
5 Years:	7%
3 Years:	16%
TTM:	1%

Compounded Profit Growth
10 Years:	16%
5 Years:	16%
3 Years:	33%
TTM:	2%

Stock Price CAGR
10 Years:	7%
5 Years:	19%
3 Years:	4%
1 Year:	-24%

Return on Equity
10 Years:	18%
5 Years:	17%
3 Years:	18%
Last Year:	19%

Last Updated: Unknown

Balance Sheet

Last Updated: November 15, 2024, 1:32 am

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
Equity Capital	6	6	6	6	6	6	6	6	6	6	6	6	6
Reserves	173	218	345	415	518	598	694	766	868	999	1,163	1,336	1,213
Borrowings	61	48	68	35	34	24	18	33	28	37	46	40	61
Other Liabilities	139	181	224	290	302	320	371	320	381	385	441	443	422
Total Liabilities	380	453	644	747	861	949	1,089	1,126	1,283	1,427	1,656	1,825	1,702
Fixed Assets	125	152	215	226	266	279	305	350	330	321	320	356	384
CWIP	4	5	8	4	0	5	11	1	1	1	17	13	4
Investments	1	12	48	67	119	139	212	262	513	567	669	807	644
Other Assets	249	284	374	449	475	525	561	512	440	539	649	649	670
Total Assets	380	453	644	747	861	949	1,089	1,126	1,283	1,427	1,656	1,825	1,702

Below is a detailed analysis of the balance sheet data for Cera Sanitaryware Ltd based on the most recent figures (Sep 2024) and their trends compared to the previous period:

For Equity Capital, as of Sep 2024, the value is ₹6.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded 6.00 Cr..
For Reserves, as of Sep 2024, the value is ₹1,213.00 Cr.. The value appears to be declining and may need further review. It has decreased from 1,336.00 Cr. (Mar 2024) to ₹1,213.00 Cr., marking a decrease of 123.00 Cr..
For Borrowings, as of Sep 2024, the value is ₹61.00 Cr.. The value appears to be increasing, which may not be favorable. Additionally, since Reserves exceed Borrowings, this is considered a positive sign. It has increased from 40.00 Cr. (Mar 2024) to ₹61.00 Cr., marking an increase of 21.00 Cr..
For Other Liabilities, as of Sep 2024, the value is ₹422.00 Cr.. The value appears to be improving (decreasing). It has decreased from 443.00 Cr. (Mar 2024) to ₹422.00 Cr., marking a decrease of 21.00 Cr..
For Total Liabilities, as of Sep 2024, the value is ₹1,702.00 Cr.. The value appears to be improving (decreasing). It has decreased from 1,825.00 Cr. (Mar 2024) to ₹1,702.00 Cr., marking a decrease of 123.00 Cr..
For Fixed Assets, as of Sep 2024, the value is ₹384.00 Cr.. The value appears strong and on an upward trend. It has increased from 356.00 Cr. (Mar 2024) to ₹384.00 Cr., marking an increase of 28.00 Cr..
For CWIP, as of Sep 2024, the value is ₹4.00 Cr.. The value appears to be declining and may need further review. It has decreased from 13.00 Cr. (Mar 2024) to ₹4.00 Cr., marking a decrease of 9.00 Cr..
For Investments, as of Sep 2024, the value is ₹644.00 Cr.. The value appears to be declining and may need further review. It has decreased from 807.00 Cr. (Mar 2024) to ₹644.00 Cr., marking a decrease of 163.00 Cr..
For Other Assets, as of Sep 2024, the value is ₹670.00 Cr.. The value appears strong and on an upward trend. It has increased from 649.00 Cr. (Mar 2024) to ₹670.00 Cr., marking an increase of 21.00 Cr..
For Total Assets, as of Sep 2024, the value is ₹1,702.00 Cr.. The value appears to be declining and may need further review. It has decreased from 1,825.00 Cr. (Mar 2024) to ₹1,702.00 Cr., marking a decrease of 123.00 Cr..

Notably, the Reserves (1,213.00 Cr.) exceed the Borrowings (61.00 Cr.), indicating a solid financial buffer.

Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Cash from Operating Activity +	42	63	41	116	112	72	114	123	262	98	156	228
Cash from Investing Activity +	-36	-48	-117	-38	-92	-36	-102	-76	-243	-70	-101	-140
Cash from Financing Activity +	2	-25	76	-48	-20	-34	-27	-53	-13	-21	-59	-80
Net Cash Flow	9	-10	-1	30	-0	1	-15	-6	7	7	-3	8

Free Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Free Cash Flow	15.00	47.00	51.00	106.00	137.00	144.00	173.00	131.00	122.00	184.00	247.00	255.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	62	59	72	75	80	83	81	67	63	42	38	39
Inventory Days	160	125	120	109	98	104	101	128	96	154	167	148
Days Payable	47	45	46	48	58	50	53	52	81	104	93	75
Cash Conversion Cycle	176	139	145	137	120	136	129	142	78	92	112	112
Working Capital Days	64	52	63	55	53	64	63	73	30	43	48	48
ROCE %	35%	35%	32%	30%	31%	26%	27%	19%	16%	22%	26%	25%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
Promoters	54.48%	54.48%	54.48%	54.48%	54.48%	54.48%	54.48%	54.48%	54.48%	54.48%	54.41%	54.41%
FIIs	19.92%	18.34%	17.89%	17.52%	18.03%	19.44%	20.92%	20.63%	21.93%	21.45%	22.89%	22.17%
DIIs	9.98%	10.60%	9.75%	9.37%	9.73%	9.04%	8.38%	8.38%	6.61%	7.30%	6.06%	6.26%
Public	15.62%	16.59%	17.92%	18.64%	17.77%	17.05%	16.26%	16.53%	16.98%	16.79%	16.64%	17.16%
Others	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.01%	0.01%
No. of Shareholders	20,303	22,076	27,556	37,752	39,213	43,816	42,316	34,878	34,804	33,123	1,78,714	1,65,576

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund Name	No of Shares	AUM (%)	Amount Invested (Cr)	Previous Number of Shares	Previous Date	Percentage Change
Canara Robeco Small Cap Fund	218,823	1.63	195.48	N/A	N/A	N/A
ITI Multi Cap Fund	18,123	1.19	16.19	N/A	N/A	N/A
Sundaram Small Cap Fund	11,242	0.29	10.04	N/A	N/A	N/A
LIC MF ULIS 10 Yrs Regular Premium Reducing cover	7,544	1.28	6.74	N/A	N/A	N/A
LIC MF ULIS 10 Yrs Regular Premium Uniform cover	7,544	1.28	6.74	N/A	N/A	N/A
LIC MF ULIS 10 Yrs Single Premium	7,544	1.28	6.74	N/A	N/A	N/A
LIC MF ULIS 15 Yrs Regular Premium Reducing cover	7,544	1.28	6.74	N/A	N/A	N/A
LIC MF ULIS 15 Yrs Regular Premium Uniform cover	7,544	1.28	6.74	N/A	N/A	N/A
LIC MF ULIS 5 Years Single Premium	7,544	1.28	6.74	N/A	N/A	N/A
Canara Robeco Conservative Hybrid Fund	3,600	0.38	3.66	N/A	N/A	N/A

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20
FaceValue	5.00	5.00	5.00	5.00	5.00
Basic EPS (Rs.)	183.76	161.01	116.18	77.48	87.08
Diluted EPS (Rs.)	183.76	161.01	116.18	77.48	87.08
Cash EPS (Rs.)	213.65	187.35	142.51	107.24	114.80
Book Value[Excl.RevalReserv]/Share (Rs.)	1044.56	909.79	791.48	679.28	598.52
Book Value[Incl.RevalReserv]/Share (Rs.)	1044.56	909.79	791.48	679.28	598.52
Revenue From Operations / Share (Rs.)	1445.06	1386.69	1111.68	941.37	940.88
PBDIT / Share (Rs.)	278.93	252.61	194.05	140.87	141.24
PBIT / Share (Rs.)	250.83	227.54	169.13	110.45	111.43
PBT / Share (Rs.)	245.16	219.04	160.66	102.97	103.70
Net Profit / Share (Rs.)	185.55	162.27	117.60	76.82	84.99
NP After MI And SOA / Share (Rs.)	183.77	161.01	116.18	77.48	87.08
PBDIT Margin (%)	19.30	18.21	17.45	14.96	15.01
PBIT Margin (%)	17.35	16.40	15.21	11.73	11.84
PBT Margin (%)	16.96	15.79	14.45	10.93	11.02
Net Profit Margin (%)	12.84	11.70	10.57	8.16	9.03
NP After MI And SOA Margin (%)	12.71	11.61	10.45	8.23	9.25
Return on Networth / Equity (%)	17.75	17.85	14.88	11.56	14.69
Return on Capital Employeed (%)	22.26	23.06	19.66	14.29	16.05
Return On Assets (%)	12.95	12.48	9.73	7.31	9.28
Long Term Debt / Equity (X)	0.00	0.00	0.01	0.02	0.02
Total Debt / Equity (X)	0.01	0.02	0.02	0.05	0.08
Asset Turnover Ratio (%)	1.07	1.12	1.03	0.96	1.04
Current Ratio (X)	3.74	3.24	2.68	2.42	2.28
Quick Ratio (X)	2.79	2.27	2.01	1.88	1.51
Inventory Turnover Ratio (X)	0.67	0.76	0.72	0.41	0.49
Dividend Payout Ratio (NP) (%)	27.20	21.73	11.18	0.00	29.85
Dividend Payout Ratio (CP) (%)	23.59	18.80	9.21	0.00	22.24
Earning Retention Ratio (%)	72.80	78.27	88.82	0.00	70.15
Cash Earning Retention Ratio (%)	76.41	81.20	90.79	0.00	77.76
Interest Coverage Ratio (X)	62.32	54.32	47.79	18.83	18.28
Interest Coverage Ratio (Post Tax) (X)	42.72	36.72	31.05	11.27	12.00
Enterprise Value (Cr.)	8811.02	8314.10	6496.10	5152.10	3091.84
EV / Net Operating Revenue (X)	4.69	4.61	4.49	4.21	2.53
EV / EBITDA (X)	24.29	25.31	25.74	28.12	16.83
MarketCap / Net Operating Revenue (X)	4.69	4.60	4.47	4.15	2.45
Retention Ratios (%)	72.79	78.26	88.81	0.00	70.14
Price / BV (X)	6.55	7.08	6.37	5.83	3.89
Price / Net Operating Revenue (X)	4.69	4.60	4.47	4.15	2.45
EarningsYield	0.02	0.02	0.02	0.01	0.03

After reviewing the key financial ratios for Cera Sanitaryware Ltd, here is a detailed analysis based on the latest available data and recent trends:

For FaceValue, as of Mar 24, the value is 5.00. This value is within the healthy range. There is no change compared to the previous period (Mar 23) which recorded 5.00.
For Basic EPS (Rs.), as of Mar 24, the value is 183.76. This value is within the healthy range. It has increased from 161.01 (Mar 23) to 183.76, marking an increase of 22.75.
For Diluted EPS (Rs.), as of Mar 24, the value is 183.76. This value is within the healthy range. It has increased from 161.01 (Mar 23) to 183.76, marking an increase of 22.75.
For Cash EPS (Rs.), as of Mar 24, the value is 213.65. This value is within the healthy range. It has increased from 187.35 (Mar 23) to 213.65, marking an increase of 26.30.
For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 1,044.56. It has increased from 909.79 (Mar 23) to 1,044.56, marking an increase of 134.77.
For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 1,044.56. It has increased from 909.79 (Mar 23) to 1,044.56, marking an increase of 134.77.
For Revenue From Operations / Share (Rs.), as of Mar 24, the value is 1,445.06. It has increased from 1,386.69 (Mar 23) to 1,445.06, marking an increase of 58.37.
For PBDIT / Share (Rs.), as of Mar 24, the value is 278.93. This value is within the healthy range. It has increased from 252.61 (Mar 23) to 278.93, marking an increase of 26.32.
For PBIT / Share (Rs.), as of Mar 24, the value is 250.83. This value is within the healthy range. It has increased from 227.54 (Mar 23) to 250.83, marking an increase of 23.29.
For PBT / Share (Rs.), as of Mar 24, the value is 245.16. This value is within the healthy range. It has increased from 219.04 (Mar 23) to 245.16, marking an increase of 26.12.
For Net Profit / Share (Rs.), as of Mar 24, the value is 185.55. This value is within the healthy range. It has increased from 162.27 (Mar 23) to 185.55, marking an increase of 23.28.
For NP After MI And SOA / Share (Rs.), as of Mar 24, the value is 183.77. This value is within the healthy range. It has increased from 161.01 (Mar 23) to 183.77, marking an increase of 22.76.
For PBDIT Margin (%), as of Mar 24, the value is 19.30. This value is within the healthy range. It has increased from 18.21 (Mar 23) to 19.30, marking an increase of 1.09.
For PBIT Margin (%), as of Mar 24, the value is 17.35. This value is within the healthy range. It has increased from 16.40 (Mar 23) to 17.35, marking an increase of 0.95.
For PBT Margin (%), as of Mar 24, the value is 16.96. This value is within the healthy range. It has increased from 15.79 (Mar 23) to 16.96, marking an increase of 1.17.
For Net Profit Margin (%), as of Mar 24, the value is 12.84. This value exceeds the healthy maximum of 10. It has increased from 11.70 (Mar 23) to 12.84, marking an increase of 1.14.
For NP After MI And SOA Margin (%), as of Mar 24, the value is 12.71. This value is within the healthy range. It has increased from 11.61 (Mar 23) to 12.71, marking an increase of 1.10.
For Return on Networth / Equity (%), as of Mar 24, the value is 17.75. This value is within the healthy range. It has decreased from 17.85 (Mar 23) to 17.75, marking a decrease of 0.10.
For Return on Capital Employeed (%), as of Mar 24, the value is 22.26. This value is within the healthy range. It has decreased from 23.06 (Mar 23) to 22.26, marking a decrease of 0.80.
For Return On Assets (%), as of Mar 24, the value is 12.95. This value is within the healthy range. It has increased from 12.48 (Mar 23) to 12.95, marking an increase of 0.47.
For Long Term Debt / Equity (X), as of Mar 24, the value is 0.00. This value is below the healthy minimum of 0.2. There is no change compared to the previous period (Mar 23) which recorded 0.00.
For Total Debt / Equity (X), as of Mar 24, the value is 0.01. This value is within the healthy range. It has decreased from 0.02 (Mar 23) to 0.01, marking a decrease of 0.01.
For Asset Turnover Ratio (%), as of Mar 24, the value is 1.07. It has decreased from 1.12 (Mar 23) to 1.07, marking a decrease of 0.05.
For Current Ratio (X), as of Mar 24, the value is 3.74. This value exceeds the healthy maximum of 3. It has increased from 3.24 (Mar 23) to 3.74, marking an increase of 0.50.
For Quick Ratio (X), as of Mar 24, the value is 2.79. This value exceeds the healthy maximum of 2. It has increased from 2.27 (Mar 23) to 2.79, marking an increase of 0.52.
For Inventory Turnover Ratio (X), as of Mar 24, the value is 0.67. This value is below the healthy minimum of 4. It has decreased from 0.76 (Mar 23) to 0.67, marking a decrease of 0.09.
For Dividend Payout Ratio (NP) (%), as of Mar 24, the value is 27.20. This value is within the healthy range. It has increased from 21.73 (Mar 23) to 27.20, marking an increase of 5.47.
For Dividend Payout Ratio (CP) (%), as of Mar 24, the value is 23.59. This value is within the healthy range. It has increased from 18.80 (Mar 23) to 23.59, marking an increase of 4.79.
For Earning Retention Ratio (%), as of Mar 24, the value is 72.80. This value exceeds the healthy maximum of 70. It has decreased from 78.27 (Mar 23) to 72.80, marking a decrease of 5.47.
For Cash Earning Retention Ratio (%), as of Mar 24, the value is 76.41. This value exceeds the healthy maximum of 70. It has decreased from 81.20 (Mar 23) to 76.41, marking a decrease of 4.79.
For Interest Coverage Ratio (X), as of Mar 24, the value is 62.32. This value is within the healthy range. It has increased from 54.32 (Mar 23) to 62.32, marking an increase of 8.00.
For Interest Coverage Ratio (Post Tax) (X), as of Mar 24, the value is 42.72. This value is within the healthy range. It has increased from 36.72 (Mar 23) to 42.72, marking an increase of 6.00.
For Enterprise Value (Cr.), as of Mar 24, the value is 8,811.02. It has increased from 8,314.10 (Mar 23) to 8,811.02, marking an increase of 496.92.
For EV / Net Operating Revenue (X), as of Mar 24, the value is 4.69. This value exceeds the healthy maximum of 3. It has increased from 4.61 (Mar 23) to 4.69, marking an increase of 0.08.
For EV / EBITDA (X), as of Mar 24, the value is 24.29. This value exceeds the healthy maximum of 15. It has decreased from 25.31 (Mar 23) to 24.29, marking a decrease of 1.02.
For MarketCap / Net Operating Revenue (X), as of Mar 24, the value is 4.69. This value exceeds the healthy maximum of 3. It has increased from 4.60 (Mar 23) to 4.69, marking an increase of 0.09.
For Retention Ratios (%), as of Mar 24, the value is 72.79. This value exceeds the healthy maximum of 70. It has decreased from 78.26 (Mar 23) to 72.79, marking a decrease of 5.47.
For Price / BV (X), as of Mar 24, the value is 6.55. This value exceeds the healthy maximum of 3. It has decreased from 7.08 (Mar 23) to 6.55, marking a decrease of 0.53.
For Price / Net Operating Revenue (X), as of Mar 24, the value is 4.69. This value exceeds the healthy maximum of 3. It has increased from 4.60 (Mar 23) to 4.69, marking an increase of 0.09.
For EarningsYield, as of Mar 24, the value is 0.02. This value is below the healthy minimum of 5. There is no change compared to the previous period (Mar 23) which recorded 0.02.

Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Cera Sanitaryware Ltd as of April 13, 2025 is: 4,295.93

Calculation basis:

Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of April 13, 2025, Cera Sanitaryware Ltd is Overvalued by 20.64% compared to the current share price 5,413.00

Intrinsic Value of Cera Sanitaryware Ltd as of April 13, 2025 is: 5,087.37

Calculation basis:

Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of April 13, 2025, Cera Sanitaryware Ltd is Overvalued by 6.02% compared to the current share price 5,413.00

Last 5 Year EPS CAGR: 18.42%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The stock has a high average ROCE of 27.00%, which is a positive sign. The company has higher reserves (715.85 cr) compared to borrowings (41.00 cr), indicating strong financial stability. The company has shown consistent growth in sales (223.08 cr) and profit (172.46 cr) over the years.	The stock has a high average Working Capital Days of 54.67, which may not be favorable. The stock has a high average Cash Conversion Cycle of 126.50, which may not be favorable.

Stock Analysis

Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Cera Sanitaryware Ltd:
1. Net Profit Margin: 12.84%
  - Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
2. ROCE: 22.26% (Industry Average ROCE: 11.54%)
  - ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
3. ROE%: 17.75% (Industry Average ROE: 19.41%)
  - ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
4. Interest Coverage Ratio (Post Tax): 42.72
  - Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
5. Quick Ratio: 2.79
  - Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
6. Stock P/E: 29.8 (Industry average Stock P/E: 81.2)
  - Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
7. Total Debt / Equity: 0.01
  - Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
Stock Rating:

About the Company - Qualitative Analysis

Cera Sanitaryware Ltd. is a Public Limited Listed company incorporated on 17/07/1998 and has its registered office in the State of Gujarat, India. Company's Corporate Identification Number(CIN) is L26910GJ1998PLC034400 and registration number is 034400. Currently Company is involved in the business activities of Manufacture of non-refractory ceramic sanitary wares: sinks, baths, water- closet pans, flushing cistern etc.. Company's Total Operating Revenue is Rs. 1871.23 Cr. and Equity Capital is Rs. 6.50 Cr. for the Year ended 31/03/2024.

INDUSTRY	ADDRESS	CONTACT
Ceramics/Tiles/Sanitaryware	9, GIDC Industrial Estate, Kadi, Mehsana Dist. Gujarat 382715	kadi@cera-india.com http://www.cera-india.com

Management
Name	Position Held
Mr. Vikram Somany	Chairman & Managing Director
Mrs. Deepshikha Khaitan	Joint Managing Director
Mr. Anupam Gupta	Executive Director -Technical
Mr. Surendra Singh Baid	Independent Director
Ms. Akriti Jain	Independent Director
Mr. Ravi Bhamidipaty	Independent Director
Mr. Anandh Sundar	Independent Director

FAQ

What is the intrinsic value of Cera Sanitaryware Ltd?

Cera Sanitaryware Ltd's intrinsic value (as of 13 April 2025) is ₹4295.93 — 20.64% lower the current market price of 5,413.00, indicating overvalued. Calculated using the PE ratio method, this valuation considers the company's 7,040 Cr. market cap, FY2025-2026 high/low of ₹11,500/5,060, reserves of 1,213 Cr, and liabilities of 1,702 Cr.

What is the Market Cap of Cera Sanitaryware Ltd?

The Market Cap of Cera Sanitaryware Ltd is 7,040 Cr..

What is the current Stock Price of Cera Sanitaryware Ltd as on 13 April 2025?

The current stock price of Cera Sanitaryware Ltd as on 13 April 2025 is 5,413.

What is the High / Low of Cera Sanitaryware Ltd stocks in FY 2025-2026?

In FY 2025-2026, the High / Low of Cera Sanitaryware Ltd stocks is ₹11,500/5,060.

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

The Stock P/E of Cera Sanitaryware Ltd is 29.8.

What is the Book Value of Cera Sanitaryware Ltd?

The Book Value of Cera Sanitaryware Ltd is 938.

What is the Dividend Yield of Cera Sanitaryware Ltd?

The Dividend Yield of Cera Sanitaryware Ltd is 1.11 %.

What is the ROCE of Cera Sanitaryware Ltd?

The ROCE of Cera Sanitaryware Ltd is 24.6 %.

What is the ROE of Cera Sanitaryware Ltd?

The ROE of Cera Sanitaryware Ltd is 19.0 %.

What is the Face Value of Cera Sanitaryware Ltd?

The Face Value of Cera Sanitaryware Ltd is 5.00.