Cera Sanitaryware Ltd

NSE: CERA BSE: 532443

₹5587.50

(0.47%)

Fri, 18 Sept 2026, 00:37 am

Market Cap (in Cr)7185.28

PE Ratio35.50

Dividend1.34

Consumer Durables

Home Furnishings

24.5K

Cera Sanitaryware Analysis

Pros

Dividends per share have increased over the past 10 years.
Dividends paid are thoroughly covered by earnings (6.8x coverage).
Dividends after 3 years are expected to be well covered by earnings (4.9x coverage).
Dividends per share have been stable in the past 10 years.

Cons

Cera Sanitaryware's pays a lower dividend yield than the bottom 25% of dividend payers in India (0.76%).
Cera Sanitaryware's dividend is below the markets top 25% of dividend payers in India (3.08%).

Pros

Cera Sanitaryware's earnings growth is expected to exceed the low risk savings rate of 7.2%.
Performance (ROE) is expected to be above the current IN Building industry average.

Cons

Cash flow for Cera Sanitaryware is expected to increase but not above the 50% threshold in 2 years time.
Cera Sanitaryware's earnings are expected to grow by 9.6% yearly, however this is not considered high growth (20% yearly).
Cera Sanitaryware's earnings growth is positive but not above the India market average.
Cera Sanitaryware's earnings are expected to decrease over the next year.
Cera Sanitaryware's net income is expected to increase but not above the 50% threshold in 2 years time.
Cera Sanitaryware is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
A decline in Cera Sanitaryware's performance (ROE) is expected over the next 3 years.
Cera Sanitaryware's revenue is expected to decrease over the next 2 years.
Cera Sanitaryware's revenue is expected to grow by 4.5% yearly, however this is not considered high growth (20% yearly).
Cera Sanitaryware's revenue growth is positive but not above the India market average.

Pros

Cera Sanitaryware is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
Cera Sanitaryware is profitable, therefore cash runway is not a concern.
Cera Sanitaryware is profitable, therefore cash runway is not a concern.
Debt is well covered by operating cash flow (151%, greater than 20% of total debt).
Debt is covered by short term assets, assets are 8.9x debt.
Cera Sanitaryware's cash and other short term assets cover its long term commitments.
The level of debt compared to net worth has been reduced over the past 5 years (23.8% vs 11.2% today).
Interest payments on debt are well covered by earnings (EBIT is 19.1x coverage).
Cera Sanitaryware's level of debt (11.2%) compared to net worth is satisfactory (less than 40%).

Cons

Pros

The tenure for the Cera Sanitaryware board of directors is about average.
Atul's remuneration is about average for companies of similar size in India.
Atul's compensation has been consistent with company performance over the past year, both up more than 20%.

Cons

The average tenure for the Cera Sanitaryware management team is less than 2 years, this suggests a new team.

Pros

Cera Sanitaryware's year on year earnings growth rate has been positive over the past 5 years.
Cera Sanitaryware used its assets more efficiently than the IN Building industry average last year based on Return on Assets.

Cons

Cera Sanitaryware's 1-year earnings growth is less than its 5-year average (2% vs 11.5%)
Cera Sanitaryware's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
Cera Sanitaryware has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
Cera Sanitaryware's earnings growth has not exceeded the IN Building industry average in the past year (2% vs 2%).

Pros

532443 outperformed the Building industry which returned -33.2% over the past year.

Cons

Cera Sanitaryware's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).
Cera Sanitaryware's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).
Cera Sanitaryware is overvalued based on assets compared to the IN Building industry average.
Cera Sanitaryware is poor value based on expected growth next year.
Cera Sanitaryware is overvalued based on earnings compared to the IN Building industry average.
Cera Sanitaryware is overvalued based on earnings compared to the India market.
532443 underperformed the Market in India which returned -14.5% over the past year.
BSE:532443 is up 1.4% underperforming the Building industry which returned 6.6% over the past month.
BSE:532443 is up 1.4% underperforming the market in India which returned 8% over the past month.