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Last Updated: April 2, 2026, 2:45 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 532443 | NSE: CERA

Cera Sanitaryware Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹4,228.67Fairly Valued by 9.39%vs CMP ₹4,667.00

P/E (26.8) × ROE (18.3%) × BV (₹1,063.00) × DY (1.39%)

₹2,511.20Overvalued by 46.19%vs CMP ₹4,667.00
MoS: -85.8% (Negative)Confidence: 63/100 (Moderate)Models: 1 Fair, 8 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹4,544.9022%Fair (-2.6%)
Graham NumberEarnings₹1,984.7416%Over (-57.5%)
Earnings PowerEarnings₹1,473.8313%Over (-68.4%)
DCFCash Flow₹2,419.6413%Over (-48.2%)
Net Asset ValueAssets₹1,062.097%Over (-77.2%)
EV/EBITDAEnterprise₹3,042.089%Over (-34.8%)
Earnings YieldEarnings₹1,647.007%Over (-64.7%)
ROCE CapitalReturns₹1,320.177%Over (-71.7%)
Revenue MultipleRevenue₹2,226.905%Over (-52.3%)
Consensus (9 models)₹2,511.20100%Overvalued
Key Drivers: Wide model spread (₹1,062–₹4,545) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 7.5%

*Investments are subject to market risks

Investment Snapshot

66
Cera Sanitaryware Ltd scores 66/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health92/100 · Strong
ROCE 22.4% ExcellentROE 18.3% ExcellentD/E 0.05 Low debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money45/100 · Moderate
FII holding down -5.97% (6mo) SellingDII holding up 7.08% MF buyingPromoter holding at 54.4% Stable
Earnings Quality50/100 · Moderate
OPM stable around 16% Steady
Quarterly Momentum50/100 · Moderate
Revenue (4Q): +5% YoY GrowingProfit (4Q): -9% YoY Declining
Industry Rank75/100 · Strong
P/E 26.8 vs industry 34.8 In-lineROCE 22.4% vs industry 12.4% Above peersROE 18.3% vs industry 14.6% Above peers3Y sales CAGR: 10% Moderate

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Cera Sanitaryware Ltd Investor Signals

Computed from valuation, cash flow, balance sheet, ownership and quarterly trend data already available in this stock page.

Value Trap Score
40/100
Moderate
Derived from: Cheapness + weak quality + weak cash support
Current data: P/E 26.8 vs Ind 34.8 | ROCE 22.4% | ROE 18.3% | CFO/NP N/A
Balance Sheet Stress
0/100
Comfortable
Derived from: Leverage + debt servicing + liquidity + debt trend
Current data: D/E 0.05x | IntCov 0.0x | Current 2.42x | Borrow/Reserve 0.04x
Cash Flow Reliability
14/100
Weak
Derived from: Cash backing of earnings + working capital pressure
Current data: CFO ₹0 Cr | NP ₹246 Cr | CFO/NP N/A
Ownership Accumulation
0
Neutral
Derived from: FII + DII + promoter direction, adjusted by crowding
Current data: FII -1.22 pp | DII +0.46 pp | Prom 0.00 pp
Business Momentum
-83
Early weakness
Derived from: Latest quarter sales + profit + OPM change
Current data: Q Sales +2.3% | Q NP -57.9% | Q OPM -4.0 pp
Derived FieldValueHow it is derived
Valuation Gap %-46.2%((Fair Value - CMP) / CMP) × 100
Borrowings / Reserves0.04xLatest borrowings divided by latest reserves
CFO / Net ProfitN/ALatest operating cash flow divided by latest net profit
FII Change-1.22 ppLatest FII% minus previous FII%
DII Change+0.46 ppLatest DII% minus previous DII%
Promoter Change0.00 ppLatest promoter% minus previous promoter%
Shareholder Count Change-1,456Latest shareholder count minus previous count
Quarterly Sales Change+2.3%Latest quarter sales vs previous quarter sales
Quarterly Profit Change-57.9%Latest quarter net profit vs previous quarter net profit
Quarterly OPM Change-4.0 ppLatest quarter OPM minus previous quarter OPM

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 2:45 am

Market Cap 6,020 Cr.
Current Price 4,667
Intrinsic Value₹2,511.20
High / Low 7,275/4,461
Stock P/E26.8
Book Value 1,063
Dividend Yield1.39 %
ROCE22.4 %
ROE18.3 %
Face Value 5.00
PEG Ratio3.58

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

View Share Price Target for Cera Sanitaryware Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Cera Sanitaryware Ltd 6,020 Cr. 4,667 7,275/4,46126.8 1,0631.39 %22.4 %18.3 % 5.00
Carysil Ltd 2,255 Cr. 793 1,072/51224.9 1990.30 %15.4 %14.5 % 2.00
Nitco Ltd 1,996 Cr. 87.1 164/64.052.9 13.20.00 %42.9 %% 10.0
Asian Granito India Ltd 1,732 Cr. 58.4 78.8/39.233.5 62.20.00 %2.17 %2.10 % 10.0
Somany Ceramics Ltd 1,492 Cr. 364 624/33223.1 1910.82 %11.5 %8.17 % 2.00
Industry Average3,347.44 Cr727.6534.82200.520.55%12.44%14.63%6.10

All Competitor Stocks of Cera Sanitaryware Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 456533427461437547398490449578419488499
Expenses 383445358387377455342420390472366421448
Operating Profit 738868745992567059106536751
OPM % 16%17%16%16%14%17%14%14%13%18%13%14%10%
Other Income 14516111616161812141917-7
Interest 1211111322122
Depreciation 888899810101091010
Profit before tax 778375766598637560108617232
Tax % 27%25%25%25%22%23%25%10%23%21%24%22%27%
Net Profit 56635657517547684686475724
EPS in Rs 43.3448.3943.3443.7439.1257.6936.1152.7935.5666.3536.0843.9218.35

Last Updated: February 6, 2026, 9:16 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 23, 2026, 5:46 pm

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 6648229171,0111,1821,3441,2091,2021,4421,8031,8711,9151,984
Expenses 5697037768411,0141,1521,0451,0521,2201,5101,5771,6221,707
Operating Profit 95119141171168191164150221293295293277
OPM % 14%14%15%17%14%14%14%12%15%16%16%15%14%
Other Income 651011141514221725595942
Interest 6855534455577
Depreciation 12151618222333333030343939
Profit before tax 82101129158154180141134203282314306274
Tax % 37%33%36%34%35%36%18%25%27%26%24%19%
Net Profit 526883104100115116101149210239246212
EPS in Rs 41.0252.0264.1779.9477.0888.4689.1477.89114.84161.20183.89191.11164.70
Dividend Payout % 12%12%14%15%16%15%15%17%30%31%33%34%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)30.77%22.06%25.30%-3.85%15.00%0.87%-12.93%47.52%40.94%13.81%2.93%
Change in YoY Net Profit Growth (%)0.00%-8.71%3.24%-29.15%18.85%-14.13%-13.80%60.46%-6.59%-27.13%-10.88%

Cera Sanitaryware Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:9%
5 Years:10%
3 Years:10%
TTM:5%
Compounded Profit Growth
10 Years:14%
5 Years:16%
3 Years:17%
TTM:7%
Stock Price CAGR
10 Years:13%
5 Years:21%
3 Years:6%
1 Year:-32%
Return on Equity
10 Years:18%
5 Years:17%
3 Years:19%
Last Year:18%

Last Updated: September 5, 2025, 1:45 am

Balance Sheet

Last Updated: December 4, 2025, 1:06 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 6666666666666
Reserves 2183454155185986947668689991,1631,3361,3441,364
Borrowings 48683534241833283746406360
Other Liabilities 181224290302320371320381385441443427383
Total Liabilities 4536447478619491,0891,1261,2831,4271,6561,8251,8411,814
Fixed Assets 152215226266279305350330321320356380375
CWIP 58405111111713119
Investments 124867119139212262513567669807702712
Other Assets 284374449475525561512440539649649749718
Total Assets 4536447478619491,0891,1261,2831,4271,6561,8251,8411,814

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 63411161127211412326298156228116
Cash from Investing Activity + -48-117-38-92-36-102-76-243-70-101-140128
Cash from Financing Activity + -2576-48-20-34-27-53-13-21-59-80-258
Net Cash Flow -10-130-01-15-677-38-14
Free Cash Flow 24-4392582473822538512316789
CFO/OP 91%59%103%96%74%89%106%194%67%77%103%59%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow47.0051.00106.00137.00144.00173.00131.00122.00184.00247.00255.00230.00

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

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 597275808381676342383951
Inventory Days 1251201099810410112896154167148163
Days Payable 4546485850535281104937577
Cash Conversion Cycle 1391451371201361291427892112112137
Working Capital Days 334347435658663037434465
ROCE %35%32%30%31%26%27%19%16%22%26%25%22%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 54.48%54.48%54.48%54.48%54.48%54.48%54.41%54.41%54.41%54.41%54.41%54.41%
FIIs 18.03%19.44%20.92%20.63%21.93%21.45%22.89%22.17%20.58%17.18%15.83%14.61%
DIIs 9.73%9.04%8.38%8.38%6.61%7.30%6.06%6.26%6.93%12.06%13.55%14.01%
Public 17.77%17.05%16.26%16.53%16.98%16.79%16.64%17.16%18.06%16.33%16.19%16.93%
Others 0.00%0.00%0.00%0.00%0.00%0.00%0.01%0.01%0.03%0.02%0.02%0.04%
No. of Shareholders 39,21343,81642,31634,87834,80433,1231,78,7141,65,5761,56,9051,52,0961,47,9871,46,531

Shareholding Pattern Chart

No. of Shareholders

Cera Sanitaryware Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
HSBC Small Cap Fund 338,650 1.13 169.33N/AN/AN/A
Canara Robeco Small Cap Fund 304,497 1.2 152.25218,8232025-12-07 15:33:4839.15%
UTI Value Fund 155,317 0.79 77.66135,0002026-02-23 00:58:4515.05%
Bandhan Flexi Cap Fund 80,000 0.53 4075,0002026-02-23 00:58:456.67%
Canara Robeco Multi Cap Fund 74,675 0.74 37.34N/AN/AN/A
UTI Dividend Yield Fund 72,190 0.93 36.160,0002026-02-23 00:58:4520.32%
UTI Small Cap Fund 69,170 0.76 34.59N/AN/AN/A
Tata India Consumer Fund 61,834 1.22 30.9259,6312026-02-23 00:58:453.69%
UTI ELSS Tax Saver Fund 56,074 0.78 28.0447,7172026-02-23 00:58:4517.51%
Edelweiss Small Cap Fund 55,965 0.52 27.98N/AN/AN/A

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 5.005.005.005.005.00
Basic EPS (Rs.) 190.40183.76161.01116.1877.48
Diluted EPS (Rs.) 190.40183.76161.01116.1877.48
Cash EPS (Rs.) 224.36213.65187.35142.51107.24
Book Value[Excl.RevalReserv]/Share (Rs.) 1049.481044.56909.79791.48679.28
Book Value[Incl.RevalReserv]/Share (Rs.) 1049.481044.56909.79791.48679.28
Revenue From Operations / Share (Rs.) 1493.421445.061386.691111.68941.37
PBDIT / Share (Rs.) 279.40278.93252.61194.05140.87
PBIT / Share (Rs.) 247.87250.83227.54169.13110.45
PBT / Share (Rs.) 240.90245.16219.04160.66102.97
Net Profit / Share (Rs.) 192.83185.55162.27117.6076.82
NP After MI And SOA / Share (Rs.) 191.10183.77161.01116.1877.48
PBDIT Margin (%) 18.7019.3018.2117.4514.96
PBIT Margin (%) 16.5917.3516.4015.2111.73
PBT Margin (%) 16.1316.9615.7914.4510.93
Net Profit Margin (%) 12.9112.8411.7010.578.16
NP After MI And SOA Margin (%) 12.7912.7111.6110.458.23
Return on Networth / Equity (%) 18.2017.7517.8514.8811.56
Return on Capital Employeed (%) 21.4322.2623.0619.6614.29
Return On Assets (%) 13.2312.9512.489.737.31
Long Term Debt / Equity (X) 0.000.000.000.010.02
Total Debt / Equity (X) 0.010.010.020.020.05
Asset Turnover Ratio (%) 1.041.071.121.030.96
Current Ratio (X) 3.823.743.242.682.42
Quick Ratio (X) 2.722.792.272.011.88
Inventory Turnover Ratio (X) 4.980.670.760.720.41
Dividend Payout Ratio (NP) (%) 31.6527.2021.7311.180.00
Dividend Payout Ratio (CP) (%) 27.1723.5918.809.210.00
Earning Retention Ratio (%) 68.3572.8078.2788.820.00
Cash Earning Retention Ratio (%) 72.8376.4181.2090.790.00
Interest Coverage Ratio (X) 48.1062.3254.3247.7918.83
Interest Coverage Ratio (Post Tax) (X) 34.4042.7236.7231.0511.27
Enterprise Value (Cr.) 7272.808811.028314.106496.105152.10
EV / Net Operating Revenue (X) 3.784.694.614.494.21
EV / EBITDA (X) 20.1824.2925.3125.7428.12
MarketCap / Net Operating Revenue (X) 3.784.694.604.474.15
Retention Ratios (%) 68.3472.7978.2688.810.00
Price / BV (X) 5.376.557.086.375.83
Price / Net Operating Revenue (X) 3.784.694.604.474.15
EarningsYield 0.030.020.020.020.01

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

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 other pumps, compressors, taps and valves etc.. Company's Total Operating Revenue is Rs. 1915.25 Cr. and Equity Capital is Rs. 6.45 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Ceramics/Tiles/Sanitaryware9, GIDC Industrial Estate, Mehsana Dist. Gujarat 382715Contact not found
Management
NamePosition Held
Mr. Vikram SomanyChairman & Managing Director
Mrs. Deepshikha KhaitanVice Chairman & Jt Manag. Dir.
Mr. Anupam GuptaExecutive Director -Technical
Mr. Surendra Singh BaidIndependent Director
Ms. Akriti JainIndependent Director
Mr. Ravi BhamidipatyIndependent Director
Mr. Anandh SundarIndependent Director

FAQ

What is the intrinsic value of Cera Sanitaryware Ltd and is it undervalued?

As of 05 April 2026, Cera Sanitaryware Ltd's intrinsic value is ₹2511.20, which is 46.19% lower than the current market price of ₹4,667.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (18.3 %), book value (₹1,063), dividend yield (1.39 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Cera Sanitaryware Ltd?

Cera Sanitaryware Ltd is trading at ₹4,667.00 as of 05 April 2026, with a FY2026-2027 high of ₹7,275 and low of ₹4,461. The stock is currently near its 52-week low. Market cap stands at ₹6,020 Cr..

How does Cera Sanitaryware Ltd's P/E ratio compare to its industry?

Cera Sanitaryware Ltd has a P/E ratio of 26.8, which is below the industry average of 34.82. This is broadly in line with or below the industry average.

Is Cera Sanitaryware Ltd financially healthy?

Key indicators for Cera Sanitaryware Ltd: ROCE of 22.4 % indicates efficient capital utilization; ROE of 18.3 % shows strong shareholder returns. Dividend yield is 1.39 %.

Is Cera Sanitaryware Ltd profitable and how is the profit trend?

Cera Sanitaryware Ltd reported a net profit of ₹246 Cr in Mar 2025 on revenue of ₹1,915 Cr. Compared to ₹149 Cr in Mar 2022, the net profit shows an improving trend.

Does Cera Sanitaryware Ltd pay dividends?

Cera Sanitaryware Ltd has a dividend yield of 1.39 % at the current price of ₹4,667.00. The company pays dividends, though the yield is modest.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Cera Sanitaryware Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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