WinstonWınston
Stock

Cera Sanitaryware Limited

CERA.NS
49
Furnishings, Fixtures & Appliances · Consumer Cyclical
Price
₹5501.00
-27.00 (-0.49%)
Market Cap
₹70.94B
Exchange
National Stock Exchange of India
Winston Score
49
Winston is serious
Mixed quality — meaningful strengths and weaknesses.
Data as of Sep 22, 2026 · filings through Jun 30, 2026

§How the score breaks down

Quality
Good
Growth
Mixed
Cash Flow
Data not available
Stability
Exceptional
Valuation
Good
Dividends
Good

§Winston Score History

The full picture

Cera Sanitaryware Ltd. engages in the business of manufacturing, selling, and trading of building products. It offers sanitary ware, faucets, tiles, shower, kitchen sinks, mirrors, wellness, and personal care products. The company was founded by Vikram Somany in 1980 and is headquartered in Ahmedabad, India.

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+15.1% YoY

YoY Growth Rate

Steady revenue growth

EPS Growth

-2.7% YoY

YoY Growth Rate

Earnings declining

R&D Spend

₹0/ year

Declining (-100% vs prior year)

0.0% of revenue

Below sector average (4%)

R&D spend declining — could signal cost-cutting or efficiency

Cash Position

Cash flow positive

₹0 cash & investments

Company generates more cash than it spends — no dilution risk from fundraising

Growth + cash flow

Cera Sanitaryware Limited is a rare growth stock that's already generating positive cash flow while growing at 15%. The Winston Score doesn't fully credit this transition from "burner" to "earner."

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Share count broadly stable

0.8% over 4y

The share count has stayed roughly flat over this period — little dilution or buyback activity.

Diluted shares outstanding: 13.0M (2022) → 12.9M (2026)

Score breakdown

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Quality

Profit per sale
Gross Margin
27.8%
Modest — 27.8% gross margin
Profit after running costs
Operating Margin
8.2%
Modest — 8.2% operating margin
Return on the money invested
ROCE
15.4%
Strong — 15.4% return on capital

ROIC between 15% and 25%. Every dollar invested in the business earns 15 to 25 cents back per year.

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Growth

Sales growth
Sales YoY
+8.7%
Steady sales growth (+8.7% YoY)
Profit growth
EPS YoY
-17.3%
Earnings shrinking (-17.3% YoY)

Earnings per share down more than 10%. Either a bad year, or a real decline.

How steady the profit is
EPS Consistency
2/8 quarters
Earnings rarely grow — volatile business

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Cash Flow

Profit that turns into cash
Cash Conversion
N/A
Data not available
Spare cash per sale
FCF Margin
N/A
Data not available

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Stability

What it owes vs what it owns
Debt / Equity
0.03
Conservative — low debt load (0.03)
Covers its interest
Interest Cover
35.96x
Comfortably covers interest (36.0x)

Interest coverage above 8. Profits cover interest many times over.

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Valuation

Price vs profit
P/E Ratio (TTM)
35.0x
Pricey — P/E 35.0

P/E above the market average. People are paying up for expected growth.

Cheaper or dearer next year
P/E vs Forward
+6.9
GROWING
Earnings expected to grow meaningfully — cheaper on forward P/E (35.0 → 28.0)

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Dividends

Dividend
Dividend Yield
1.36%
Small dividend — 1.36% yield

Modest yield. The bulk of any return needs to come from price appreciation.

Dividend record
Dividend Growth
+363.0%
Dividend growing fast (363.0% YoY)

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