CERA
Cera Sanitaryware Limited
If management delivers what it guided
arithmetic on filed guidance and past valuations · not a price target
CERA
FY26 → FY27 · 1 year of guidance · ~0.7 years from today₹6,126 today
BEAR
₹4,944
-19%
5.9% a year · 29.5x exit
BASE
₹6,557
+7%
10.2% a year · 37.6x exit
BULL
₹7,529
+23%
13.9% a year · 41.8x exit
Where the market has priced it
26x39x today50x
How these numbers are produced
| Earnings base | FY26 fiscal year EPS ₹158.32 (screener) |
|---|---|
| Guided growth | 10.2% a year, said on the call of 14-May-2026 · transcript |
| Read across as | operating: unlabelled growth figure, read as revenue — medium confidence |
| Delivery calibration | 0.58x / 1x / 1.36x of what was guided — measured: 76 annual guided-vs-filed pairs + 77 near-complete quarterly years — NSE transcripts against the companies' own filings |
| Exit multiple | 29.49x / 37.58x / 41.76x, this company’s own p20 / median / p80 across 10 filed years |
| Filed-industry peers | median 38.38x across 4 peers — the cross-check, not the input |
| Arithmetic | base EPS × (1 + guided growth × delivery)1 × exit multiple |
Arithmetic on management’s own guidance and this company’s own past valuations. Not a price target, not a recommendation, and not a forecast of what the stock will do.
What management said
from NSE earnings-call filings · extracted, not interpreted
generic growth 10%
Going forward in FY27, we expect that faucetware should continue to grow at 10% to 12% in volumes, and sanitaryware should be in the range of, you can say, 7% to 8% in FY27 also.
Call 14-May-2026 · bridge confidence medium · transcript PDF