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Swing Capital

Cera Sanitaryware Ltd

NSE: CERA BSE: 532443Energy

Cera Sanitaryware Ltd is engaged in the business of manufacturing, selling and trading of various kinds of building products. It also has non-conventional wind & solar power for captive use in the state of Gujarat.[1]

₹5,566
52W: ₹4461 — ₹7275
PE 34.1 · Book ₹1142 · +387% vs book
Market Cap₹7,179 Cr
Stock P/E34.1Price to Earnings
ROCE19.3%Return on Capital
ROE14.9%Return on Equity
Div. Yield1.17%Face Value ₹5

Strengths

  • +Company has reduced debt.
  • +Company is almost debt free.
  • +Company has been maintaining a healthy dividend payout of 38.0%

Weaknesses

  • −The company has delivered a poor sales growth of 11.3% over past five years.
  • −Working capital days have increased from 104 days to 204 days

Shareholding Pattern

Promoters54.41%
FIIs14.2%
DIIs14.18%
Public17.18%
CategoryJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters54.48%54.41%▼0.154.41%54.41%54.41%54.41%54.41%54.41%
FIIs21.45%22.89%▲1.422.17%▼0.720.58%▼1.617.18%▼3.415.83%▼1.314.61%▼1.214.2%▼0.4
DIIs7.3%6.06%▼1.26.26%▲0.26.93%▲0.712.06%▲5.113.55%▲1.514.01%▲0.514.18%▲0.2
Public16.79%16.64%▼0.117.16%▲0.518.06%▲0.916.33%▼1.716.19%▼0.116.93%▲0.717.18%▲0.3

Financial Statements

MetricDec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales437547398490449578419488499644
Expenses377455342420390472366421448546
Operating Profit599256705910653675198
OPM %14%17%14%14%13%18%13%14%10%15%
Net Profit51754768468647572477
EPS ₹39.1257.6936.1152.7935.5666.3536.0843.9218.3559.97

AI Insights

Revenue Trend

Mar 2026 revenue at ₹2,050Cr, up 7% YoY. OPM at 13%.

Debt Position

Borrowings at ₹47Cr. Debt-to-equity ratio: 0.03x. Healthy balance sheet.

Capex Cycle

CWIP at ₹7Cr (2% of fixed assets). Moderate ongoing capital expenditure.

Institutional Flow

DIIs: 14.18% (+5.14pp change). FIIs: 14.2% (-5.24pp change). Promoters hold 54.41%.

Margin & Efficiency

ROCE declining from 32% (Mar 2015) to 19% (Mar 2026). Working capital days: 204.

Valuation

PE 34.1x with 19.3% ROCE. Price is 387% above book value of ₹1,142. Dividend yield: 1.17%.

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