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Cera Sanitaryware Limited (CERA) · mywealthgrid

About

Cera Sanitaryware operates in sanitaryware segment of India's consumer discretionary market. ₹500–640 Cr quarterly revenue, ₹7,575 Cr market cap. Strong balance sheet (D/E 0.01) and consistent profitability across recent quarters, though operating margins compressed significantly since early 2025.

Face value: ₹5

Market cap

₹6,574 Cr

P/E

26.7×

P/B

4.9×

Dividend yield

1.5%

ROE

18.3%

ROCE

21.6%

Debt / equity

0.01

OPM

15.6%

EPS (TTM)

₹190.7

Book value

₹1,049.3

52-week high

₹6,661.5

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Operating margin fell from 18.63% (Mar 2025) to 10.13% (Jun 2026)—850 bps decline; determine whether driven by cost inflation, pricing pressure, or mix shift and assess recovery likelihood.
Quarterly revenue volatility (₹486–644 Cr) signals cyclicality or demand uncertainty; verify housing construction trends and inventory cycles.
Valuation at PE 30.79 leaves limited cushion if earnings recovery stalls; model margin expansion and revenue growth assumptions required to justify multiple.
Consumer discretionary spending depends on housing construction activity and credit availability; monitor both for cyclical headwinds.

Generated analysis · source review pending

Growth drivers

OPM recovery from current 10.13% (Jun 2026) to historical 15%+ range would lift earnings if revenue stabilizes above ₹500 Cr quarterly run-rate.
Mar 2026 revenue of ₹644 Cr demonstrates demand capacity; verify whether this level can sustain and grow in subsequent quarters.
Low debt (D/E 0.01) and ₹45–77 Cr quarterly profit generation provide capacity for capex or category expansion to gain market share.

Generated analysis · source review pending

₹5,096.5-17.5%1Y

Beta

1.03

Moves with the index

Volatility (1y)

28.2%

Annualised, daily returns

RSI (14)

18.7

Oversold territory

Rel. strength (1y)

-25.6%

Behind the market

Beta is measured against NIFTY 50 over three years of weekly returns — 1 moves with the index, above 1 amplifies it, below 1 damps it.

Quick read

rule-based

Pros

+Strong return on equity of 18.8% (3-yr avg)
+High return on capital employed of 23%
+Profit CAGR of 16.8% over the last 5 years
+Almost debt-free (debt/equity 0)
+Comfortable interest coverage of 42.7×
+Dividend payout of 39.3% of profit

Cons

−Modest revenue growth of 9.5% a year over the last 5 years

Research score

Structured signal from quality, growth, valuation and momentum.

41/100

Business quality: 69
Growth: 36

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Part ofNIFTY MICROCAP 250 NIFTY TOTAL MARKET

Screen this industry

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	1,352	1,224	1,224	1,446	1,804	1,879	1,926
COGS	606	550	627	684	825	883	912
Gross profit	745	673	598	762	979	997	1,014
	547	508	439	534	686	693	714
	198	166	158	229	293	303	300
OPM %	14.7%	13.5%	12.9%	15.8%	16.2%	16.1%	15.6%
Depreciation	28	39	40	32	33	37	41
Interest	9	10	10	5	6	6	7
	19	18	25	18	31	58	59
Profit before tax	180	135	134	209	285	319	311
Tax	65	24	34	56	74	78	62
Tax %	36.2%	18%	25.4%	26.8%	25.9%	24.3%	20%
	115	111	100	153	211	241	249
PAT margin %	8.5%	9%	8.2%	10.6%	11.7%	12.8%	12.9%
EPS (₹)	88.5	87.1	77.5	116.2	161	183.8	190.4
EPS adjusted (₹)	88.6	87.1	77.5	116.2	161.1	183.9	191.1
	14.7%	14.9%	16.8%	30.1%	31.1%	32.7%	34.1%
Annual report	Annual report for Mar 2019	Annual report for Mar 2020	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025

₹ Cr	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity capital	7	7	7	7	7	7	7	6
Reserves	599	694	—	865	1,009	1,166	1,339	1,347
Minority interest	—	—	—	12	14	11	13	15
	92	84	—	84	27	25	20	18
	348	406	—	411	496	468	467	477
Total equity & liabilities	1,045	1,191	—	1,378	1,552	1,677	1,846	1,863
	360	385	439	415	337	339	372	397
CWIP	5	19	—	1	1	17	13	11
Investments	109	178	—	474	562	663	804	698
	572	609	—	487	652	658	656	757
Total assets	1,045	1,191	—	1,378	1,552	1,677	1,846	1,863

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Ratios

Annual operating, return, leverage and working-capital ratios.

Consolidated Standalone

Consolidated figures

Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Margins
Gross margin %	55.2%	55%	48.8%	52.7%	54.3%	53%	52.7%
EBITDA margin %	14.7%	13.5%	12.9%	15.8%	16.2%	16.1%	15.6%
EBIT margin %	12.6%	10.4%	9.7%	13.6%	14.4%	14.2%	13.5%
PAT margin %	8.5%	9%	8.2%	10.6%	11.7%	12.8%	12.9%
Working capital
Receivable days	81	—	62	42	38	39	51
Inventory days	130	—	116	157	169	150	164
Payable days	67	—	90	101	92	74	75
NWC days	144	—	88	97	116	116	140
Leverage
Current ratio	—	—	2.42	3.08	3.24	3.74	3.82
Debt to EBITDA	0.42	—	0.53	0.12	0.09	0.07	0.06
Debt to equity	0.12	—	0.1	0.03	0.02	0.02	0.01
Interest coverage	22.1	14.4	14.8	41.7	48.9	56.1	42.7
Asset turnover	1.13	—	0.89	0.93	1.08	1.02	1.03
Return ratios
Return on assets %	9.7%	—	7.3%	9.9%	12.6%	13.1%	13.4%
Return on capital employed %	—	—	14.3%	19.8%	23.7%	23.7%	21.6%
Return on equity %	16.4%	—	11.5%	15.1%	18%	17.9%	18.4%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	54.48%	54.48%	54.48%	54.48%	54.41%	54.41%	54.41%	54.41%	54.41%	54.41%	54.41%	54.41%
	20.91%	20.63%	21.92%	21.45%	22.89%	22.17%	20.59%	17.18%	15.82%	14.61%	14.19%	15.43%
	8.37%	8.38%	6.61%	7.3%	6.06%	6.26%	6.93%	12.06%	13.55%	14%	14.18%	14.06%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	16.24%	16.51%	16.99%	16.77%	16.63%	17.15%	18.04%	16.33%	16.2%	16.94%	17.18%	16.08%
No. of shareholders	—	—	—	—	—	—	—	—	1,47,987	1,46,531	1,41,006	1,31,617

Promoter holding down 0.07 percentage points since Sep 2023.

14 deals · 20 Oct 2023 – 8 Jun 2026

Date	Client	Type	Venue	Side	Quantity	Price	Value
8 Jun 2026	HDFC STANDARD LIFE INSURANCE COMPANY LTD	Bulk	NSE	Sell	1,50,000	₹5,480.00	₹82.20 Cr
8 Jun 2026	GOLDMAN SACHS FUNDS - GOLDMAN SACHS INDIA EQUITY PORTFOLIO	Bulk	NSE	Buy	1,18,478	₹5,480.00	₹64.93 Cr
20 Oct 2023	GRANDEUR PEAK GLOBAL TRUST GRANDEUR PEAK INTERNATIONAL OPPORTUNITIES FUND	Block	BSE	Buy	31,552	₹9,086.10	₹28.67 Cr
20 Oct 2023	GRANDEUR PEAK INTERNATIONAL OPPORTUNITIES FUND	Block	BSE	Sell	31,552	₹9,086.10	₹28.67 Cr
20 Oct 2023	GRANDEUR PEAK GLOBL TRUST GP EMERGING MARKETS OPPORTUNITIES FUND	Block	BSE	Buy	29,843	₹9,086.10	₹27.12 Cr
20 Oct 2023	GRANDEUR PEAK EMERGING MARKETS OPPORTUNITIES FUND	Block	BSE	Sell	29,843	₹9,086.10	₹27.12 Cr
20 Oct 2023	GRANDEUR PEAK GLOBAL TRUST GRANDEUR PEAK GLOBAL OPPORTUNITIES FUND	Block	BSE	Buy	28,284	₹9,086.10	₹25.70 Cr
20 Oct 2023	GRANDEUR PEAK GLOBAL OPPORTUNITIES FUND	Block	BSE	Sell	28,284	₹9,086.10	₹25.70 Cr
20 Oct 2023	GRANDEUR PEAK GLOBAL TRUST GRANDEUR PEAK GLOBAL MICRO CAP FUND	Block	BSE	Buy	5,942	₹9,086.10	₹5.40 Cr
20 Oct 2023	GRANDEUR PEAK GLOBAL MICRO CAP FUND	Block	BSE	Sell	5,942	₹9,086.10	₹5.40 Cr

1–10 of 14

1 / 2

Mr. VIKRAM SOMANYExecutive Director-Chairperson related to Promoter-MD
Mrs. DEEPSHIKHA KHAITANExecutive Director-MD
Mr. SURENDRA SINGH BAIDNon-Executive - Independent Director
Mr. ANUPAM GUPTAExecutive Director
Ms. AKRITI JAINNon-Executive - Independent Director
Mr. RAVI BHAMIDIPATYNon-Executive - Independent Director
Mr. ANANDH SUNDARNon-Executive - Independent Director
Mr. Vikas KotharChief Financial Officer
Mr. Hemal SadiwalaCompany Secretary & Compliance Officer

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

Portfolio month

Schemes holding

across 5 fund houses

Held by these funds

1.16%

of the company's equity

All mutual funds

12.75%

shareholding pattern, Jun 2026

Portfolios as of

August 2026

compared with July 2026

9 schemes · 5 fund houses

		Shares
INDIA CONSUMER FUND	Tata Mutual Fund	74,700	42.81	1.48%	0.579%	-0
Large & Mid Cap Fund ( Formerly known as Bajaj Finserv Large and Mid Cap Fund)NEW	Bajaj Finserv Mutual Fund	29,528	16.92	0.69%	0.229%	—
Small Cap Fund	Bajaj Finserv Mutual Fund	19,408	11.12	0.42%	0.15%	-0
(Investment Manager for Motilal Oswal Mutual Fund)	Motilal Oswal Mutual Fund	15,009	8.6	0.34%	0.116%	-328
Consumption Fund	Bajaj Finserv Mutual Fund	9,620	5.51	0.9%	0.075%	-0
ELSS - Tax Saver Fund ( Formerly known as Bajaj Finserv ELSS Tax Saver Fund)NEW	Bajaj Finserv Mutual Fund	686	0.39	0.43%	0.005%	—
BSE 500 ETF	ICICI Prudential Mutual Fund	107	0.06	0.02%	0.001%	+1
IB18-Groww Nifty Total Market Index Fund	Groww Mutual Fund	102	0.06	0.02%	0.001%	-0

1–8 of 9

1 / 2

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

May 2026Transcript AI Summary PPTREC
Feb 2026Transcript AI SummaryPPTREC

Documents link to external sources (exchange filings, company investor pages).

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Events

Upcoming dates and the company’s corporate-action history.

21

Dividend dividend7 Jul 2026 · ex-date₹75
Dividend dividend1 Jul 2025 · ex-date₹65
Final dividend25 Jun 2024 · ex-date₹60
Dividend dividend20 Jun 2023 · ex-date₹50
Final dividend13 Jun 2022 · ex-date₹20
Special dividend13 Jun 2022 · ex-date₹15
Dividend dividend16 Jul 2021 · ex-date₹13
Interim dividend26 Feb 2020 · ex-date₹13
Dividend dividend12 Jul 2019 · ex-date₹13
Dividend dividend14 Aug 2018 · ex-date₹12
Dividend dividend10 Jul 2017 · ex-date₹12
Dividend dividend14 Jul 2016 · ex-date₹9
Dividend dividend16 Jul 2015 · ex-date₹6.25
Dividend dividend13 Aug 2014 · ex-date₹5
Dividend dividend20 Jun 2013 · ex-date₹4
Dividend dividend23 Aug 2012 · ex-date₹3
Dividend dividend11 Aug 2011 · ex-date₹2.5
Dividend dividend26 Jul 2010 · ex-date₹2.5
Dividend dividend28 Aug 2009 · ex-date₹2
Dividend dividend28 Aug 2008 · ex-date₹1.5
Dividend dividend13 Sept 2007 · ex-date₹1.1

1

Board meeting to consider results7 Aug 2026

1

Bonus 1:12 Sept 2010 · ex-date

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

43 announcementsExport CSV

28 Sept 2026, 3:50 pmInsider Trading / SAST

Closure of Trading Window

Closure of Trading Window PDF

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Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Lg Electronics India LimitedLGEINDIALGEINDIA	₹1,16,876 Cr	₹1,16,876 Cr	₹25,575 Cr	₹2,593 Cr	9.8%	₹1,825 Cr	6.9%	31%	24.7%	30
Kalyan Jewellers India LimitedKALYANKJILKALYANKJIL	₹54,578 Cr	₹55,102 Cr	₹39,063 Cr	₹2,616 Cr	7%	₹1,435 Cr	3.8%	31.5%	24.3%	136
Berger Paints (I) LimitedBERGEPAINTBERGEPAINT	₹52,750 Cr	₹53,385 Cr	₹12,263 Cr	₹1,912 Cr	15.4%	₹1,217 Cr	9.5%	21.7%	17.2%	83
Voltas LimitedVOLTASVOLTAS	₹34,850 Cr	₹35,817 Cr	₹14,979 Cr	₹734 Cr	4.5%	₹449 Cr	2.6%	11.4%	5.8%	19
Blue Star LimitedBLUESTARCOBLUESTARCO	₹30,009 Cr	₹30,636 Cr	₹12,798 Cr	₹905 Cr	7.5%	₹509 Cr	4.3%	23.2%	16.2%	33
Amber Enterprises India LimitedAMBERAMBER	₹22,945 Cr	₹25,647 Cr	₹12,625 Cr	₹1,008 Cr	7.8%	₹96 Cr	1.9%	12.6%	5.3%	53
Metro Brands LimitedMETROBRANDMETROBRAND	₹22,721 Cr	₹22,721 Cr	₹2,311 Cr	₹719 Cr	30.3%	₹339 Cr	14.5%	21.4%	22.2%	188
Lalithaa Jewellery Mart LimitedLALITHAALALITHAA	₹21,708 Cr	₹23,312 Cr	₹25,024 Cr	₹1,674 Cr	6.7%	₹1,010 Cr	4%	54.3%	41.6%	—
Kajaria Ceramics LimitedKAJARIACERKAJARIACER	₹19,516 Cr	₹19,646 Cr	₹5,056 Cr	₹939 Cr	17.9%	₹546 Cr	10.1%	23.4%	16.7%	88
Thangamayil Jewellery LimitedTHANGAMAYLTHANGAMAYL	₹15,118 Cr	₹15,943 Cr	₹9,606 Cr	₹621 Cr	6.6%	₹391 Cr	4.1%	39.1%	27.9%	142
Century Plyboards (India) LimitedCENTURYPLYCENTURYPLY	₹14,809 Cr	₹16,439 Cr	₹5,789 Cr	₹720 Cr	12.1%	₹291 Cr	5%	15.4%	10.6%	131
Kansai Nerolac Paints LimitedKANSAINERKANSAINER	₹14,174 Cr	₹14,257 Cr	₹8,263 Cr	₹1,000 Cr	12.1%	₹600 Cr	7.2%	12.9%	9%	92

Date	Category	Subject	Filing
28 Sept 2026, 3:50 pm	Insider Trading / SAST Closure of Trading Window	Closure of Trading Window	PDF
10 Sept 2026, 6:59 pm	Company Update Newspaper Publication	Announcement under Regulation 30 (LODR)-Newspaper Publication	PDF
28 Aug 2026, 6:04 pm	Company Update Credit Rating	Announcement under Regulation 30 (LODR)-Credit Rating	PDF
8 Aug 2026, 1:30 pm	Company Update General	Link Of Audio Recording Of Q1 FY2027 Earnings Conference Call Held On 8Th August, 2026	PDF
8 Aug 2026, 1:27 pm	Company Update Newspaper Publication	Announcement under Regulation 30 (LODR)-Newspaper Publication	PDF
7 Aug 2026, 12:42 pm	Company Update General	Board Meeting Outcome - Investor Communication	PDF
7 Aug 2026, 12:23 pm	Result Financial Results	Unaudited Financial Results For The Quarter Ended 30Th June, 2026	PDF
7 Aug 2026, 12:11 pm	Board Meeting Outcome of Board Meeting	Board Meeting Outcome for Outcome Of The Board Meeting Dated 7Th August, 2026	PDF

₹ Cr	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	75	124	129	268	98	162	236	122
	-41	-110	-80	-242	-82	-105	-143	127
	-34	-29	-55	-19	-10	-60	-84	-260
Net cash flow	1	-15	-6	7	6	-3	10	-11
Free cash flow	—	—	—	254	78	123	172	93
CFO / Operating profit %	—	62.8%	78%	169.6%	42.8%	55.4%	77.8%	40.7%

Cera Sanitaryware Limited

Cera Sanitaryware Limited

About

Key insights

Key risks

Growth drivers

Risk & technicals

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

Documents

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

Events

Dividends21

Board meetings1

Bonus issues1

Announcements

Not in the F&O segment

Dividends21

Board meetings1

Bonus issues1

Ratio timeline

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

Quarterly record

Bulk & block deals

Board and management

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Stock price CAGR

Return on equity

21

1

1

21

1

1