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← CockpitCompetitor Analysis › CERA.NS Cera Sanitaryware LimitedOpen in the cockpit ↗

Cera Sanitaryware LimitedCERA.NSCompetitor analysis, valuation and peers

India · INR·Consumer & Retail›Home Furnishings
Momentum laggard 20
Mkt cap
$654M
US dollars, full cap
Free float
32%
of shares outstanding
$/day
$758,371
20-day average traded
Fwd P/E
24.4×
forward earnings
ROIC−WACC
+14.3 pp
WACC 13.5%
Hurdle
+11 pp
Req g minus delivered
Next earnings
89 days
3 Feb 2027
Close · INR₹4,799
1D-0.1%
1W+8.9%
1M-4.8%
3M-24.1%
6M-12.1%
YTD-8.3%
1Y-22.4%
ATR %3.2%
Beta0.87
52w lowhigh28.8% off high

What Cera Sanitaryware does

Employees: 5,340

Cera Sanitaryware at a glance

Size Cera Sanitaryware (CERA.NS) is an India Consumer Discretionary company (Home Furnishings) with a market value of $654M, the 743rd largest of 1,058 India companies the cockpit tracks. Shares closed at ₹4,799 on 6 Nov 2026.

Performance Over six months the shares fell 12.1%, against -13.7% for the median peer and 0.0% for the India market (cap-weighted) — 10th highest of 21 in its peer set.

Growth Revenue grew 14.9% over the last twelve months (peer median -0.1%); the operating margin is 10.4% (peer median 1.8%).

Valuation It trades at 24.4× forward earnings against a peer median of 22.1× (6th most expensive of 12).

Price implies For today's price to make sense, revenue must grow about 22% a year for seven years (Req g). Recent delivered growth is +11%, so the hurdle is +11 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.

Capital Return on invested capital runs 14.3 points above its cost of capital (13.5% WACC).

Next results Next results expected around 3 Feb 2027 (exchange calendar; dates can move).

Relative performance

8010011 May 202611 Aug 20266 Nov 2026Peer median 86CERA.NS 83
Six months, rebased to 100: Cera Sanitaryware against the median of its 20 peers (local-currency closes).

Cera Sanitaryware financials

Reported figures in INR; fiscal year ends 2026-03-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue₹22.3B₹20.4B₹18.8B₹18.7B₹18.0B
Revenue growth—+8%0%+4%—
Gross profit₹7.12B₹5.89B₹5.78B₹6.22B₹6.06B
EBITDA₹2.71B₹2.60B₹2.62B₹2.98B₹2.98B
Net income₹2.02B₹2.04B₹2.46B₹2.39B₹2.09B
Free cash flown/a₹1.92B₹892M₹1.72B₹1.22B
Capital expendituren/a₹213M₹280M₹648M₹394M
Total debt₹477M₹467M₹634M₹445M₹531M

Quarterly statements and history in the cockpit →

Cera Sanitaryware competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-40%-20%0%+20%+40%-20%-10%0%603365600337003041603838301055001216002571300749603976603898603610603313002489002853001238ETD603008603551009240CELLOCERA.NS6-month return →1-month return →
Up and to the right = strong over both horizons. Cera Sanitaryware is the large dot.

Fundamentals: revenue growth against valuation

-20%0%+20%20×40×60×603365003041301055603610002853001238ETD603008603551009240CELLOCERA.NSRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Cera Sanitaryware is the large dot.

Capital: growth delivered against growth the price implies

0%+20%+40%0%20%40%603365301055603976603610603313001238ETD603008603551009240CELLOCERA.NSGrowth delivered (Del g) →Growth the price implies (Req g, 7 yrs) →
Above the diagonal = the price needs more growth than the company has been delivering; below = the price already allows for a slowdown. Cera Sanitaryware is the large dot.

Cera Sanitaryware competitors and peer comparison

How Cera Sanitaryware compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Cera Sanitaryware against its 20 peers (data as of 6 Nov 2026)
MeasureCERA.NSPeer medianRank in peer set
1-month return-4.8%-7.1%9th highest of 21
6-month return-12.1%-13.7%10th highest of 21
Distance from 52-week high-28.8%-41.4%7th highest of 21
Revenue growth (TTM)+14.9%-0.1%3rd highest of 21
Operating margin10.4%1.8%4th highest of 21
Forward P/E24.4×22.1×6th most expensive of 12
Growth the price implies (Req g, 7 yrs)21.9%10.4%6th most demanding of 12
Growth delivered (Del g)+10.7%+6.4%4th highest of 12
Hurdle (Req g minus delivered)+11.2 pp+8.7 pp6th most demanding of 12
ROIC minus cost of capital+14.3 pp-2.8 pp2nd highest of 21
EV / EBITDA19.6×8.9×2nd most expensive of 7
Net debt / EBITDA-3.1×0.8×2nd least indebted of 9

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
Cera Sanitaryware CERA.NSIndia$654M-12%+15%10%24.4×21.9%+10.7%
Shanghai Shuixing Home Textile 603365.SSChina$621M-29%+2%10%9.6×-12.9%+8.2%
Markor International Home Furnishings 600337.SSChina$613M+19%-43%-106%n/an/an/a
Zhejiang Truelove Vogue 003041.SZChina$698M-38%-1%7%56.7×n/an/a
Guang Dong Sitong 603838.SSChina$612M+43%+8%-23%n/an/an/a
Zhang Xiaoquan 301055.SZChina$597M-13%+15%5%56.7×27.1%+12.4%
Hunan Hualian China Industry 001216.SZChina$729M-9%-15%12%n/an/an/a
Anhui Deli Household Glass 002571.SZChina$574M-15%-16%-10%n/an/an/a
GuangDong Topstrong Living Innovation & Integration 300749.SZChina$570M-24%-34%-13%n/an/an/a
Chongqing Zhengchuan Pharmaceutical Packaging 603976.SSChina$769M+41%+9%3%n/a51.0%+6.0%
Guangzhou Holike Creative Home 603898.SSChina$555M-7%-21%-5%n/an/an/a
Keeson Technology 603610.SSChina$550M-39%+11%2%22.1×10.4%+6.1%
Healthcare 603313.SSChina$533M-2%+4%2%n/a-9.0%+6.4%
Yotrio 002489.SZChina$809M-23%0%2%n/an/an/a
Guangdong Piano Customized Furniture 002853.SZChina$520M-30%-30%-23%30.6×n/an/a
Zhejiang Zhengte 001238.SZChina$506M-38%+24%0%48.3×24.6%+12.9%
Ethan Allen Interiors ETDUnited States$506M-2%-6%8%16.4×3.3%-3.3%
Sleemon Healthy Sleep Technology 603008.SSChina$505M-11%-2%1%6.3×23.5%+9.4%
AUPU Intelligent Technology 603551.SSChina$503M-27%+5%13%14.1×-5.6%+3.3%
Hanssem 009240.KSSouth Korea$496M-6%-10%2%44.5×5.4%-3.3%
Cello World CELLO.NSIndia$870M-14%+7%16%21.5×28.6%+17.2%

Questions

Which companies are Cera Sanitaryware's closest peers?
The cockpit's peer set: Shanghai Shuixing Home Textile (603365.SS), Markor International Home Furnishings (600337.SS), Zhejiang Truelove Vogue (003041.SZ), Guang Dong Sitong (603838.SS), Zhang Xiaoquan (301055.SZ), Hunan Hualian China Industry (001216.SZ), Anhui Deli Household Glass (002571.SZ), GuangDong Topstrong Living Innovation & Integration (300749.SZ).
Is Cera Sanitaryware expensive compared with its peers?
On forward p/e it trades at 24.4× against a peer median of 22.1×, 6th most expensive of 12 in its peer set. For today's price to make sense, revenue must grow about 22% a year for seven years (Req g). Recent delivered growth is +11%, so the hurdle is +11 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
How has Cera Sanitaryware stock performed?
Over six months to 6 Nov 2026 the shares returned -12.1% against -13.7% for the median peer; over one year -22.4%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.