Sector Alpha Week of 2026-07-29
20-quarter listed-company comparison

Ceramics/Tiles/Sanitaryware Stocks in India

Ceramics/Tiles/Sanitaryware: Kajaria Ceramics Ltd owns the largest revenue base; Nitco Ltd has the fastest current growth.

Nifty Ceramics/Tiles/Sanitaryware Index — Constituents & Performance

The Ceramics/Tiles/Sanitaryware companies below are the listed Indian Ceramics/Tiles/Sanitaryware universe this page tracks — the same constituent set people search for as the Nifty Ceramics/Tiles/Sanitaryware index. Every figure is equal-weighted across those companies, so one large constituent cannot set the reading. Each number carries its own as-of date.

The sector itself · before any single company

How has Ceramics/Tiles/Sanitaryware moved against NIFTY 500?

The line below covers 5.1 years. Over the most recent two of them this sector is 18% behind NIFTY 500. Earnings across its companies grew 0% on average over the last four reported quarters — close to flat. It has been ahead of NIFTY 500 on a rolling three-month view for 17 weeks running.

FADING · −3 in 4w✓Price down, no fundamental support2 of 6 companies ahead of NIFTY 500 by 5% or more over three months

RS ↑17w · 4/6 >200d (+0) · 2/6 lead (−3) · EPS 6/6↑

200300202620252024202320222021 259335 TRAILING 12-MONTH EPS · 100 AT THE START0100111Sep 23Mar 24Sep 24Mar 25Sep 25Mar 26Sep 2023 · trailing 12-month earnings per share at 100, against 100 at the start · up 14.7% on a year ago · 4 reportingDec 2023 · trailing 12-month earnings per share at 107, against 100 at the start · up 21.2% on a year ago · 4 reportingMar 2024 · trailing 12-month earnings per share at 111, against 100 at the start · up 18.3% on a year ago · 4 reportingJun 2024 · trailing 12-month earnings per share at 107, against 100 at the start · up 7.0% on a year ago · 4 reportingSep 2024 · trailing 12-month earnings per share at 97, against 100 at the start · down 0.2% on a year ago · 4 reportingDec 2024 · trailing 12-month earnings per share at 86, against 100 at the start · down 18.8% on a year ago · 4 reportingMar 2025 · trailing 12-month earnings per share at 73, against 100 at the start · down 33.4% on a year ago · 4 reportingJun 2025 · trailing 12-month earnings per share at 74, against 100 at the start · down 29.9% on a year ago · 4 reportingSep 2025 · trailing 12-month earnings per share at 72, against 100 at the start · down 18.1% on a year ago · 3 reportingDec 2025 · trailing 12-month earnings per share at 84, against 100 at the start · down 0.9% on a year ago · 3 reportingMar 2026 · trailing 12-month earnings per share at 105, against 100 at the start · up 50.1% on a year ago · 3 reportingNot reported yet — earnings trail price by a quarter or two105 · Mar 26No earnings on file this far back — the price series reaches further than the filings doNO EARNINGS ON FILE
200300202620252024202320222021 259335 TRAILING 12-MONTH EPS · 100 AT THE START0100111Mar 24Mar 25Mar 26Sep 2023 · trailing 12-month earnings per share at 100, against 100 at the start · up 14.7% on a year ago · 4 reportingDec 2023 · trailing 12-month earnings per share at 107, against 100 at the start · up 21.2% on a year ago · 4 reportingMar 2024 · trailing 12-month earnings per share at 111, against 100 at the start · up 18.3% on a year ago · 4 reportingJun 2024 · trailing 12-month earnings per share at 107, against 100 at the start · up 7.0% on a year ago · 4 reportingSep 2024 · trailing 12-month earnings per share at 97, against 100 at the start · down 0.2% on a year ago · 4 reportingDec 2024 · trailing 12-month earnings per share at 86, against 100 at the start · down 18.8% on a year ago · 4 reportingMar 2025 · trailing 12-month earnings per share at 73, against 100 at the start · down 33.4% on a year ago · 4 reportingJun 2025 · trailing 12-month earnings per share at 74, against 100 at the start · down 29.9% on a year ago · 4 reportingSep 2025 · trailing 12-month earnings per share at 72, against 100 at the start · down 18.1% on a year ago · 3 reportingDec 2025 · trailing 12-month earnings per share at 84, against 100 at the start · down 0.9% on a year ago · 3 reportingMar 2026 · trailing 12-month earnings per share at 105, against 100 at the start · up 50.1% on a year ago · 3 reportingNot reported yet — earnings trail price by a quarter or two105No earnings on file this far back — the price series reaches further than the filings doNO EARNINGS ON FILE
Ceramics/Tiles/Sanitaryware, equal-weighted, based at 200 NIFTY 500, same base, same start trailing 12-month earnings per share rising falling
Strength anatomy MixedHow much of the sector is participating, how recently, and whether the movers score well.
Together2 of 6 stocks moving
Fresh0 crossed in the last 4 weeks
Backed by scoresmovers score +3 vs the sector average
Down the cap ladder — bar is now, tick is four weeks ago
Large 1/2−1
Mid 1/2−1
Small 0/2−1

Participation is not spreading downward this month; the larger companies are still carrying most of it.

Both lines start at 200 in the same week, so the distance between them is the whole story: the sector line is an equal-weighted index of its 6 companies. The bars underneath are trailing 12-month earnings per share, one bar per reported quarter, each member rebased to 100 at the start and the sector taking the median — so a price line pulling away from flat bars is a re-rating, not earnings. A bar turns red when that figure is lower than the quarter before. Rules are fixed and applied identically everywhere on this site: ahead by 5% or more over three months, or behind by 20% or more over a year while earnings grew 20% or more. Hover any point to read both values and the gap. This is a description of what the numbers did, not advice.

Sector relative strength · before individual stocks

Is Ceramics/Tiles/Sanitaryware outperforming NIFTY 500?

The 52-week comparison of Ceramics/Tiles/Sanitaryware against NIFTY 500 is not available from the current market series. 4 of 6 covered companies currently beat NIFTY on Mansfield relative strength, so leadership inside the sector is selective. Nitco Ltd is the strongest against the sector itself at +9.6%. Readings are as of 2026-07-19.

—Sector vs NIFTY 500 · 13 weeks
—Sector vs NIFTY 500 · 52 weeks
4/6Stocks leading NIFTY 500
2/6Stocks leading sector

Sector metric: 13.9 as of 2026-07-19 · CONSOLIDATION · falling.

The central tension: the companies with the most scale are not necessarily the companies creating the most change.

Start with scale. Then earnings trajectory. Then business quality. Only after those three agree should price leadership carry much weight.

Bottom line

The 52-week sector comparison is unavailable. 4 of 6 covered companies currently have positive Mansfield relative strength versus NIFTY 500. Kajaria Ceramics Ltd leads with revenue of ₹4,830 crore, based on 6 of 6 comparable companies through Mar 2026. Nitco Ltd has the fastest current revenue growth at 72.4%, across 6 of 6 comparable companies.

Is the Ceramics/Tiles/Sanitaryware sector outperforming NIFTY 500?

The 52-week sector comparison is unavailable. 4 of 6 covered companies currently have positive Mansfield relative strength versus NIFTY 500.

Which Ceramics/Tiles/Sanitaryware company is largest by revenue?

Kajaria Ceramics Ltd leads with revenue of ₹4,830 crore, based on 6 of 6 comparable companies through Mar 2026.

Which Ceramics/Tiles/Sanitaryware company is growing fastest?

Nitco Ltd has the fastest current revenue growth at 72.4%, across 6 of 6 comparable companies.

Which Ceramics/Tiles/Sanitaryware company has the strongest 4-Factor Sector Score?

Kajaria Ceramics Ltd ranks first at 72/100 with 100% evidence confidence. The score prioritizes research; it is not a buy recommendation.

Which Ceramics/Tiles/Sanitaryware company has the least gross debt?

Cera Sanitaryware Ltd has the lowest comparable gross debt at ₹47 crore. Hindware Home Innovation Ltd has the highest at ₹856 crore.

Which Ceramics/Tiles/Sanitaryware company has the lowest comparable PEG?

Kajaria Ceramics Ltd has the lowest comparable Guarded PEG at 2, among 2 of 6 companies that pass the metric’s comparability rules.

How much history does this Ceramics/Tiles/Sanitaryware comparison include?

The page compares up to 20 reported quarters per company for fundamentals, CAPEX, debt and valuation, ending Mar 2026. Missing observations remain blank rather than being estimated.

How is the 4-Factor Sector Score calculated?

The four visible contributions add directly: growth and earnings up to 35 points, capital efficiency up to 25, valuation up to 20, and relative strength up to 20. Missing or stale evidence moves only the affected contribution toward neutral.

Companies
6
complete canonical membership
Combined market value
₹34.8K Cr
Kajaria Ceramics Ltd
Revenue growing
5/6
positive TTM year-on-year growth
Beating NIFTY 500
4/6
positive Mansfield relative strength
Global company selection
00 · research priority, made explicit

4-Factor Sector Score

An additive sector-relative research score. The four displayed point contributions always equal the total: Growth & earnings (35), Capital efficiency (25), Valuation (20), and Relative strength (20). Missing or stale evidence is absorbed inside the affected factor, never applied as a hidden adjustment.

Growth & earnings · 35%Capital efficiency · 25%Valuation · 20%Relative strength · 20%
Kajaria Ceramics Ltd has the strongest current balance of earnings trajectory, business quality, valuation and price confirmation, with 100% evidence confidence.

Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. PEG is guarded: positive earnings, positive 5–60% three-year EPS growth, and a positive P/E are required.

1. Kajaria Ceramics Ltd · KAJARIACER

72.0/100 · Favorable setup · 100% evidence

Exact sum: 27.8 + 21.8 + 9.2 + 13.2 = 72

Decision use: Confirmed research leader: earnings, capital efficiency and relative strength agree. Move to management, catalyst and risk diligence.

27.8/35Growth & earnings

Revenue 3.8% · PAT 62.3% · OPM change 8 pp

100% evidence

21.8/25Capital efficiency

ROCE 23.3% · debt/equity 0.07×

100% evidence

9.2/20Valuation

P/E 36.7× · PEG 2

100% evidence

13.2/20Relative strength

RS sector 8.8% · RS bench 11% · 1Y 1.1%

100% evidence

2. Somany Ceramics Ltd · SOMANYCERA

63.8/100 · Mixed-positive evidence · 81% evidence

Exact sum: 21.7 + 15.6 + 13.8 + 12.7 = 63.8

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

21.7/35Growth & earnings

Revenue 4.9% · PAT 25.9% · OPM change 3 pp

95% evidence

15.6/25Capital efficiency

ROCE 12.8% · debt/equity 0.44×

95% evidence

13.8/20Valuation

P/E 24.4× · PEG —

50% evidence

12.7/20Relative strength

RS sector -1.3% · RS bench 14.1% · 1Y -7.1%

70% evidence

3. Nitco Ltd · NITCO

60.4/100 · Mixed-positive evidence · 81% evidence

Exact sum: 26.6 + 6.8 + 7.6 + 19.4 = 60.4

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

26.6/35Growth & earnings

Revenue 72.4% · PAT 100% · OPM change 3.3 pp

74% evidence

6.8/25Capital efficiency

ROCE 7.1% · debt/equity 0.86×

100% evidence

7.6/20Valuation

P/E 76.1× · PEG —

50% evidence

19.4/20Relative strength

RS sector 9.6% · RS bench 11.3% · 1Y -22.3%

100% evidence

4. Cera Sanitaryware Ltd · CERA

46.3/100 · Mixed-negative evidence · 94% evidence

Exact sum: 9 + 20.7 + 8.2 + 8.4 = 46.3

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

9.0/35Growth & earnings

Revenue 5.2% · PAT 6.9% · OPM change -5.1 pp

100% evidence

20.7/25Capital efficiency

ROCE 22.4% · debt/equity 0.03×

100% evidence

8.2/20Valuation

P/E 31.4× · PEG 4.07

100% evidence

8.4/20Relative strength

RS sector -5.9% · RS bench 5.8% · 1Y -12.6%

70% evidence

5. Hindware Home Innovation Ltd · HINDWAREAP

33.6/100 · Adverse evidence · 66% evidence

Exact sum: 15.5 + 4.8 + 8.5 + 4.8 = 33.6

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

15.5/35Growth & earnings

Revenue -0.5% · PAT 43.5% · OPM change 1 pp

71% evidence

4.8/25Capital efficiency

ROCE 7% · debt/equity 1.16×

95% evidence

8.5/20Valuation

P/E 1323× · PEG —

15% evidence

4.8/20Relative strength

RS sector -20.4% · RS bench -16% · 1Y -15.9%

70% evidence

6. Asian Granito India Ltd · ASIANTILES

26.2/100 · Adverse evidence · 79% evidence

Exact sum: 12.6 + 7 + 6.6 + 0 = 26.2

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

12.6/35Growth & earnings

Revenue 10.5% · PAT 100% · OPM change -7 pp

71% evidence

7.0/25Capital efficiency

ROCE 3.1% · debt/equity 0.29×

95% evidence

6.6/20Valuation

P/E 76× · PEG —

50% evidence

0.0/20Relative strength

RS sector -29.9% · RS bench -27.7% · 1Y -24.9%

100% evidence

01 · compare level, then change

Revenue Scale & Growth Durability

Kajaria Ceramics Ltd has the highest Revenue among the 6 Ceramics/Tiles/Sanitaryware companies compared here, at ₹4,830 crore. Somany Ceramics Ltd is next at ₹2,789 crore. Nitco Ltd has the highest Revenue growth at 72.4%, so level and change sit with different companies. 6 of 6 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: Kajaria Ceramics Ltd is the scale leader at ₹4,830 crore, 73.2% ahead of Somany Ceramics Ltd. Nitco Ltd's growth is 72.4% from a ₹542 crore base, with 20 reported observations in the 20-quarter window. Treat the growth leader as an acceleration candidate, not as equally proven scale.

LeaderKajaria Ceramics Ltd · ₹4,830 crore
Gap73.2% versus #2 · Somany Ceramics Ltd
Persistence8/8 recent comparable periods
Coverage6/6 companies · 102 observations

Investor read: Kajaria Ceramics Ltd is the scale benchmark; Nitco Ltd is the acceleration watch. Promote the challenger only if growth persists and converts into margin and returns.

This conclusion weakens if: Kajaria Ceramics Ltd's growth falls below Nitco Ltd's for two consecutive comparable reports while operating margin also compresses.

Revenue is compared on a common reported-currency basis. Growth is year-on-year, so seasonality does not masquerade as progress.
Revenuelargest
1Kajaria Ceramics Ltd KAJARIACER₹4.8K Cr
2Somany Ceramics Ltd SOMANYCERA⚠ unverified₹2.8K Cr
3Hindware Home Innovation Ltd HINDWAREAP⚠ unverified₹2.5K Cr
4Cera Sanitaryware Ltd CERA₹1.9K Cr
5Asian Granito India Ltd ASIANTILES⚠ unverified₹1.8K Cr
Revenue growthfastest growers
1Nitco Ltd NITCO72%
2Asian Granito India Ltd ASIANTILES⚠ unverified11%
3Cera Sanitaryware Ltd CERA5.2%
4Somany Ceramics Ltd SOMANYCERA⚠ unverified4.9%
5Kajaria Ceramics Ltd KAJARIACER3.8%
Revenue · company comparison
6/6 level · 6/6 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyRevenueRevenue growthReported
Kajaria Ceramics Ltd KAJARIACER₹1.4K Cr12%Mar 2026
Somany Ceramics Ltd SOMANYCERA⚠ unverified₹818 Cr6.4%Mar 2026
Hindware Home Innovation Ltd HINDWAREAP⚠ unverified₹663 Cr-5.2%Mar 2026
Cera Sanitaryware Ltd CERA₹645 Cr11%Mar 2026
Asian Granito India Ltd ASIANTILES⚠ unverified₹538 Cr4.5%Mar 2026
Nitco Ltd NITCO₹152 Cr63%Mar 2026
Full 20-quarter history · every available company

Revenue · reported quarter history

Asian Granito India Ltd · ASIANTILES⚠ unverified

—
—
—
—
—
—
₹399 Cr
₹456 Cr
₹335 Cr
₹401 Cr
₹371 Cr
₹424 Cr
₹360 Cr
₹384 Cr
₹366 Cr
₹515 Cr
₹388 Cr
₹407 Cr
₹462 Cr
₹538 Cr

Cera Sanitaryware Ltd · CERA

₹228 Cr
₹403 Cr
₹404 Cr
₹410 Cr
₹397 Cr
₹416 Cr
₹458 Cr
₹536 Cr
₹429 Cr
₹463 Cr
₹439 Cr
₹549 Cr
₹401 Cr
₹493 Cr
₹452 Cr
₹581 Cr
₹422 Cr
₹488 Cr
₹499 Cr
₹645 Cr

Hindware Home Innovation Ltd · HINDWAREAP⚠ unverified

—
—
—
—
—
—
₹713 Cr
₹768 Cr
₹623 Cr
₹693 Cr
₹693 Cr
₹772 Cr
₹600 Cr
₹630 Cr
₹594 Cr
₹699 Cr
₹531 Cr
₹676 Cr
₹640 Cr
₹663 Cr

Kajaria Ceramics Ltd · KAJARIACER

₹562 Cr
₹974 Cr
₹1.1K Cr
₹1.1K Cr
₹1.0K Cr
₹1.1K Cr
₹1.1K Cr
₹1.2K Cr
₹1.1K Cr
₹1.1K Cr
₹1.2K Cr
₹1.2K Cr
₹1.1K Cr
₹1.2K Cr
₹1.2K Cr
₹1.2K Cr
₹1.1K Cr
₹1.2K Cr
₹1.2K Cr
₹1.4K Cr

Nitco Ltd · NITCO

₹80 Cr
₹90 Cr
₹120 Cr
₹123 Cr
₹91 Cr
₹74 Cr
₹113 Cr
₹106 Cr
₹92 Cr
₹81 Cr
₹80 Cr
₹72 Cr
₹70 Cr
₹66 Cr
₹85 Cr
₹94 Cr
₹150 Cr
₹108 Cr
₹132 Cr
₹152 Cr

Somany Ceramics Ltd · SOMANYCERA⚠ unverified

—
—
—
—
—
—
₹622 Cr
₹679 Cr
₹587 Cr
₹655 Cr
₹612 Cr
₹738 Cr
₹579 Cr
₹666 Cr
₹645 Cr
₹769 Cr
₹604 Cr
₹685 Cr
₹682 Cr
₹818 Cr

Revenue growth · reported quarter history

Asian Granito India Ltd · ASIANTILES⚠ unverified

—
—
—
—
—
—
—
—
—
—
-7.0%
-7.0%
7.5%
-4.2%
-1.4%
21%
7.8%
6.0%
26%
4.5%

Cera Sanitaryware Ltd · CERA

—
—
—
—
74%
3.2%
13%
31%
8.1%
11%
-4.2%
2.4%
-6.5%
6.5%
3.0%
5.8%
5.2%
-1.0%
10%
11%

Hindware Home Innovation Ltd · HINDWAREAP⚠ unverified

—
—
—
—
—
—
—
—
—
—
-2.7%
0.5%
-3.7%
-9.1%
-14%
-9.5%
-12%
7.3%
7.7%
-5.2%

Kajaria Ceramics Ltd · KAJARIACER

—
—
—
—
79%
11%
2.2%
9.4%
5.6%
4.1%
5.6%
0.3%
3.0%
5.1%
0.4%
1.2%
0.6%
0.6%
1.0%
12%

Nitco Ltd · NITCO

—
—
—
—
14%
-18%
-5.8%
-14%
1.6%
8.8%
-29%
-32%
-24%
-18%
5.1%
30%
114%
63%
56%
63%

Somany Ceramics Ltd · SOMANYCERA⚠ unverified

—
—
—
—
—
—
—
—
—
—
-1.6%
8.7%
-1.4%
1.7%
5.4%
4.2%
4.3%
2.9%
5.7%
6.4%
02 · compare level, then change

Operating Economics & Margin Trend

Kajaria Ceramics Ltd has the highest OPM among the 6 Ceramics/Tiles/Sanitaryware companies compared here, at 19%. Cera Sanitaryware Ltd is next at 13.9%. The same company also holds the highest Margin change, at +8 percentage points. 6 of 6 companies report a comparable reading, the latest through Mar 2026. Its OPM series carries 20 reported observations across the 20-quarter window.

What the numbers say: Kajaria Ceramics Ltd leads both opm at 19% and margin change at +8 percentage points.

LeaderKajaria Ceramics Ltd · 19%
Gap36.7% versus #2 · Cera Sanitaryware Ltd
Persistence4/8 recent comparable periods
Coverage6/6 companies · 120 observations

Investor read: Kajaria Ceramics Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current margin change signal.

Operating margin compares operating profit with revenue. Improvement is measured in percentage points, not percentage growth.
OPMhighest
1Kajaria Ceramics Ltd KAJARIACER19%
2Cera Sanitaryware Ltd CERA14%
3Somany Ceramics Ltd SOMANYCERA⚠ unverified11%
4Hindware Home Innovation Ltd HINDWAREAP⚠ unverified7.0%
5Nitco Ltd NITCO-3.2%
Margin changefastest expanders
1Kajaria Ceramics Ltd KAJARIACER+8.0 pp
2Nitco Ltd NITCO+3.3 pp
3Somany Ceramics Ltd SOMANYCERA⚠ unverified+3.0 pp
4Hindware Home Innovation Ltd HINDWAREAP⚠ unverified+1.0 pp
5Cera Sanitaryware Ltd CERA−5.1 pp
Operating margin · company comparison
6/6 level · 6/6 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyOPMMargin changeReported
Kajaria Ceramics Ltd KAJARIACER19%+8.0 ppMar 2026
Cera Sanitaryware Ltd CERA14%−5.1 ppMar 2026
Somany Ceramics Ltd SOMANYCERA⚠ unverified11%+3.0 ppMar 2026
Hindware Home Innovation Ltd HINDWAREAP⚠ unverified7.0%+1.0 ppMar 2026
Nitco Ltd NITCO-3.2%+3.3 ppMar 2026
Asian Granito India Ltd ASIANTILES⚠ unverified-4.0%−7.0 ppMar 2026
Full 20-quarter history · every available company

OPM · reported quarter history

Asian Granito India Ltd · ASIANTILES⚠ unverified

9.1%
8.9%
8.5%
6.1%
1.7%
-0.2%
-7.0%
-10%
3.0%
5.0%
0.0%
5.0%
4.0%
4.0%
4.0%
3.0%
6.0%
9.0%
10%
-4.0%

Cera Sanitaryware Ltd · CERA

9.5%
15%
16%
19%
16%
16%
16%
17%
16%
17%
14%
17%
14%
15%
14%
19%
13%
12%
8.3%
14%

Hindware Home Innovation Ltd · HINDWAREAP⚠ unverified

3.1%
8.0%
8.2%
9.0%
8.6%
7.8%
7.0%
11%
10%
11%
7.0%
10%
7.0%
5.0%
5.0%
6.0%
9.0%
8.0%
8.0%
7.0%

Kajaria Ceramics Ltd · KAJARIACER

14%
19%
17%
15%
15%
12%
12%
15%
16%
16%
16%
14%
15%
13%
13%
11%
17%
18%
17%
19%

Nitco Ltd · NITCO

-12%
-9.8%
-5.5%
-12%
-8.1%
-16%
-2.0%
-15%
-5.4%
-2.7%
-18%
-30%
-15%
-19%
-5.9%
-6.6%
33%
-13%
-4.6%
-3.2%

Somany Ceramics Ltd · SOMANYCERA⚠ unverified

7.0%
12%
11%
8.2%
8.0%
6.8%
7.0%
9.0%
9.0%
10%
10%
11%
8.0%
8.0%
8.0%
8.0%
8.0%
8.0%
9.0%
11%

Margin change · reported quarter history

Asian Granito India Ltd · ASIANTILES⚠ unverified

+6.2 pp
−3.1 pp
−4.4 pp
−3.4 pp
−7.4 pp
−9.1 pp
−15.5 pp
−16.1 pp
+1.3 pp
+5.2 pp
+7.0 pp
+15.0 pp
+1.0 pp
−1.0 pp
+4.0 pp
−2.0 pp
+2.0 pp
+5.0 pp
+6.0 pp
−7.0 pp

Cera Sanitaryware Ltd · CERA

+6.9 pp
+2.5 pp
+2.8 pp
+3.3 pp
+6.5 pp
+0.8 pp
−0.5 pp
−2.2 pp
0.0 pp
+1.0 pp
−2.0 pp
0.0 pp
−2.0 pp
−2.0 pp
0.0 pp
+2.0 pp
−1.0 pp
−3.3 pp
−5.7 pp
−5.1 pp

Hindware Home Innovation Ltd · HINDWAREAP⚠ unverified

+12.4 pp
−1.4 pp
−1.9 pp
−1.5 pp
+5.6 pp
−0.2 pp
−1.2 pp
+2.0 pp
+1.4 pp
+3.2 pp
+0.0 pp
−1.0 pp
−3.0 pp
−6.0 pp
−2.0 pp
−4.0 pp
+2.0 pp
+3.0 pp
+3.0 pp
+1.0 pp

Kajaria Ceramics Ltd · KAJARIACER

+17.1 pp
−1.6 pp
−4.5 pp
−5.0 pp
+0.9 pp
−6.5 pp
−5.2 pp
−0.1 pp
+0.8 pp
+4.0 pp
+4.0 pp
−1.0 pp
−1.0 pp
−3.0 pp
−3.0 pp
−3.0 pp
+2.0 pp
+5.0 pp
+4.0 pp
+8.0 pp

Nitco Ltd · NITCO

+61.5 pp
+4.0 pp
−1.7 pp
+7.2 pp
+4.0 pp
−5.7 pp
+3.5 pp
−3.5 pp
+2.7 pp
+12.8 pp
−15.6 pp
−14.8 pp
−10.0 pp
−16.7 pp
+11.6 pp
+23.5 pp
+48.4 pp
+6.6 pp
+1.4 pp
+3.3 pp

Somany Ceramics Ltd · SOMANYCERA⚠ unverified

+13.9 pp
+0.5 pp
−1.8 pp
−7.6 pp
+1.0 pp
−5.3 pp
−4.0 pp
+0.8 pp
+1.0 pp
+3.2 pp
+3.0 pp
+2.0 pp
−1.0 pp
−2.0 pp
−2.0 pp
−3.0 pp
0.0 pp
0.0 pp
+1.0 pp
+3.0 pp
03 · compare level, then change

Profit Scale & Acceleration

Kajaria Ceramics Ltd has the highest Net profit among the 6 Ceramics/Tiles/Sanitaryware companies compared here, at ₹487 crore. Cera Sanitaryware Ltd is next at ₹248 crore. The same company also holds the highest Profit growth, at 62.3%. 6 of 6 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: Kajaria Ceramics Ltd leads with ₹487 crore of TTM profit, 96.4% above Cera Sanitaryware Ltd. Kajaria Ceramics Ltd shows 62.3% growth from a ₹487 crore profit base. Compare the size of the base and persistence before ranking acceleration above profit scale.

LeaderKajaria Ceramics Ltd · ₹487 crore
Gap96.4% versus #2 · Cera Sanitaryware Ltd
Persistence4/8 recent comparable periods
Coverage6/6 companies · 102 observations

Investor read: Kajaria Ceramics Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current profit growth signal.

Net profit is the residual after operating costs, interest and tax. Growth off a loss or near-zero base is excluded from the fastest-grower rank.
Net profitlargest
1Kajaria Ceramics Ltd KAJARIACER₹487 Cr
2Cera Sanitaryware Ltd CERA₹248 Cr
3Somany Ceramics Ltd SOMANYCERA⚠ unverified₹73 Cr
4Nitco Ltd NITCO₹29 Cr
5Asian Granito India Ltd ASIANTILES⚠ unverified₹10 Cr
Profit growthfastest growers
1Kajaria Ceramics Ltd KAJARIACER62%
2Somany Ceramics Ltd SOMANYCERA⚠ unverified26%
3Cera Sanitaryware Ltd CERA6.9%
Net profit · company comparison
6/6 level · 3/6 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyNet profitProfit growthReported
Kajaria Ceramics Ltd KAJARIACER₹157 Cr265%Mar 2026
Cera Sanitaryware Ltd CERA₹77 Cr-10%Mar 2026
Somany Ceramics Ltd SOMANYCERA⚠ unverified₹37 Cr95%Mar 2026
Nitco Ltd NITCO₹-8 Cr—Mar 2026
Hindware Home Innovation Ltd HINDWAREAP⚠ unverified₹-19 Cr-1,133%Mar 2026
Asian Granito India Ltd ASIANTILES⚠ unverified₹-33 Cr240%Mar 2026
Full 20-quarter history · every available company

Net profit · reported quarter history

Asian Granito India Ltd · ASIANTILES⚠ unverified

—
—
—
—
—
—
₹-27 Cr
₹-48 Cr
₹-4 Cr
₹-3 Cr
₹-8 Cr
₹-5 Cr
₹-2 Cr
₹5 Cr
₹-4 Cr
₹-5 Cr
₹7 Cr
₹17 Cr
₹19 Cr
₹-33 Cr

Cera Sanitaryware Ltd · CERA

₹12 Cr
₹43 Cr
₹43 Cr
₹53 Cr
₹40 Cr
₹51 Cr
₹57 Cr
₹63 Cr
₹57 Cr
₹57 Cr
₹52 Cr
₹76 Cr
₹47 Cr
₹69 Cr
₹46 Cr
₹86 Cr
₹47 Cr
₹57 Cr
₹24 Cr
₹77 Cr

Hindware Home Innovation Ltd · HINDWAREAP⚠ unverified

—
—
—
—
—
—
₹8 Cr
₹23 Cr
₹1 Cr
₹20 Cr
₹5 Cr
₹3 Cr
₹-4 Cr
₹-16 Cr
₹-18 Cr
₹-31 Cr
₹-29 Cr
₹5 Cr
₹4 Cr
₹-19 Cr

Kajaria Ceramics Ltd · KAJARIACER

₹41 Cr
₹119 Cr
₹125 Cr
₹97 Cr
₹93 Cr
₹69 Cr
₹74 Cr
₹111 Cr
₹109 Cr
₹111 Cr
₹108 Cr
₹104 Cr
₹92 Cr
₹86 Cr
₹79 Cr
₹43 Cr
₹110 Cr
₹134 Cr
₹86 Cr
₹157 Cr

Nitco Ltd · NITCO

₹-32 Cr
₹-27 Cr
₹-31 Cr
₹-37 Cr
₹-39 Cr
₹-36 Cr
₹-34 Cr
₹-42 Cr
₹-33 Cr
₹-32 Cr
₹-45 Cr
₹-53 Cr
₹-44 Cr
₹-35 Cr
₹-660 Cr
₹-3 Cr
₹47 Cr
₹1 Cr
₹-12 Cr
₹-8 Cr

Somany Ceramics Ltd · SOMANYCERA⚠ unverified

—
—
—
—
—
—
₹11 Cr
₹24 Cr
₹13 Cr
₹30 Cr
₹23 Cr
₹34 Cr
₹12 Cr
₹17 Cr
₹10 Cr
₹19 Cr
₹7 Cr
₹12 Cr
₹17 Cr
₹37 Cr

Profit growth · reported quarter history

Asian Granito India Ltd · ASIANTILES⚠ unverified

—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
240%
—
—

Cera Sanitaryware Ltd · CERA

—
—
—
—
233%
19%
33%
19%
43%
12%
-8.8%
21%
-18%
21%
-12%
13%
0.0%
-17%
-48%
-10%

Hindware Home Innovation Ltd · HINDWAREAP⚠ unverified

—
—
—
—
—
—
—
—
—
—
-36%
-87%
-500%
-180%
-460%
-1,133%
—
—
—
—

Kajaria Ceramics Ltd · KAJARIACER

—
—
—
—
127%
-42%
-41%
14%
17%
61%
46%
-6.3%
-16%
-23%
-27%
-59%
20%
56%
8.9%
265%

Somany Ceramics Ltd · SOMANYCERA⚠ unverified

—
—
—
—
—
—
—
—
—
—
109%
42%
-7.7%
-43%
-57%
-44%
-42%
-29%
70%
95%
04 · not available

Capacity Spending & Returns On It

No company in this Ceramics/Tiles/Sanitaryware comparison reports capital expenditure on a comparable basis, so there is nothing to rank here — 0 of 6 companies have a usable current reading. The section is shown rather than removed so an unavailable metric is not mistaken for one that was quietly left out. Filings were read through Mar 2026.

CAPEX is cash spent on property, plant, equipment and other reported capital assets. CAPEX intensity divides that spend by revenue; high intensity is a reinvestment signal, not proof that the reinvestment will earn attractive returns.
05 · compare level, then change

Debt Load & Balance-Sheet Headroom

Cera Sanitaryware Ltd has the lowest Gross debt among the 6 Ceramics/Tiles/Sanitaryware companies compared here, at ₹47 crore. Kajaria Ceramics Ltd is next at ₹229 crore. The same company also holds the lowest Net debt, at ₹799 crore net cash. 6 of 6 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: Cera Sanitaryware Ltd has the clearest covered balance-sheet capacity with ₹799 crore net cash and gross debt of ₹47 crore. Absolute debt alone does not identify the strongest balance sheet because company scale differs; net debt and debt-to-equity carry more information.

LeaderCera Sanitaryware Ltd · ₹47 crore
Gap79.5% versus #2 · Kajaria Ceramics Ltd
Persistence8/8 recent comparable periods
Coverage6/6 companies · 120 observations

Investor read: Prioritize net-cash capacity and leverage relative to operating scale, not the smallest absolute rupee debt.

This conclusion weakens if: Net debt rises faster than revenue and profit for two consecutive reported periods.

Gross debt shows contractual borrowings. Net debt subtracts reported cash; a negative value means net cash. Lower debt can create capacity, but should be read against the scale and capital intensity of the business.
Gross debtlowest gross debt
1Cera Sanitaryware Ltd CERA₹47 Cr
2Kajaria Ceramics Ltd KAJARIACER₹229 Cr
3Nitco Ltd NITCO₹314 Cr
4Somany Ceramics Ltd SOMANYCERA⚠ unverified₹374 Cr
5Asian Granito India Ltd ASIANTILES⚠ unverified₹439 Cr
Net debtlowest net debt
1Cera Sanitaryware Ltd CERA₹-799 Cr
2Kajaria Ceramics Ltd KAJARIACER₹-526 Cr
3Somany Ceramics Ltd SOMANYCERA⚠ unverified₹228 Cr
4Nitco Ltd NITCO₹283 Cr
5Asian Granito India Ltd ASIANTILES⚠ unverified₹356 Cr
Debt and balance-sheet capacity · company comparison
6/6 level · 6/6 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyGross debtNet debtReported
Hindware Home Innovation Ltd HINDWAREAP⚠ unverified₹856 Cr₹817 CrMar 2026
Asian Granito India Ltd ASIANTILES⚠ unverified₹439 Cr₹356 CrMar 2026
Somany Ceramics Ltd SOMANYCERA⚠ unverified₹374 Cr₹228 CrMar 2026
Nitco Ltd NITCO₹314 Cr₹283 CrMar 2026
Kajaria Ceramics Ltd KAJARIACER₹229 Cr₹-526 CrMar 2026
Cera Sanitaryware Ltd CERA₹47 Cr₹-799 CrMar 2026
Full 20-quarter history · every available company

Gross debt · reported quarter history

Asian Granito India Ltd · ASIANTILES⚠ unverified

₹264 Cr
₹243 Cr
₹243 Cr
₹199 Cr
₹199 Cr
₹211 Cr
₹211 Cr
₹227 Cr
₹226 Cr
₹266 Cr
₹266 Cr
₹248 Cr
₹248 Cr
₹220 Cr
₹220 Cr
₹272 Cr
₹272 Cr
₹295 Cr
₹295 Cr
₹439 Cr

Cera Sanitaryware Ltd · CERA

₹100 Cr
₹110 Cr
₹110 Cr
₹45 Cr
₹45 Cr
₹44 Cr
₹44 Cr
₹53 Cr
₹53 Cr
₹48 Cr
₹48 Cr
₹44 Cr
₹44 Cr
₹64 Cr
₹64 Cr
₹67 Cr
₹67 Cr
₹60 Cr
₹60 Cr
₹47 Cr

Hindware Home Innovation Ltd · HINDWAREAP⚠ unverified

₹242 Cr
₹192 Cr
₹192 Cr
₹374 Cr
₹374 Cr
₹996 Cr
₹996 Cr
₹958 Cr
₹958 Cr
₹1.1K Cr
₹1.1K Cr
₹1.0K Cr
₹1.0K Cr
₹1.1K Cr
₹1.1K Cr
₹889 Cr
₹889 Cr
₹910 Cr
₹910 Cr
₹856 Cr

Kajaria Ceramics Ltd · KAJARIACER

₹124 Cr
₹118 Cr
₹118 Cr
₹165 Cr
₹165 Cr
₹222 Cr
₹222 Cr
₹250 Cr
₹250 Cr
₹168 Cr
₹168 Cr
₹239 Cr
₹239 Cr
₹261 Cr
₹261 Cr
₹274 Cr
₹274 Cr
₹290 Cr
₹290 Cr
₹229 Cr

Nitco Ltd · NITCO

₹778 Cr
₹804 Cr
₹804 Cr
₹812 Cr
₹833 Cr
₹832 Cr
₹832 Cr
₹882 Cr
₹882 Cr
₹911 Cr
₹911 Cr
₹973 Cr
₹973 Cr
₹934 Cr
₹934 Cr
₹291 Cr
₹291 Cr
₹306 Cr
₹306 Cr
₹314 Cr

Somany Ceramics Ltd · SOMANYCERA⚠ unverified

₹453 Cr
₹427 Cr
₹427 Cr
₹512 Cr
₹547 Cr
₹552 Cr
₹552 Cr
₹534 Cr
₹534 Cr
₹371 Cr
₹371 Cr
₹378 Cr
₹378 Cr
₹370 Cr
₹370 Cr
₹360 Cr
₹360 Cr
₹327 Cr
₹327 Cr
₹374 Cr

Net debt · reported quarter history

Asian Granito India Ltd · ASIANTILES⚠ unverified

₹226 Cr
₹214 Cr
₹214 Cr
₹93 Cr
₹93 Cr
₹62 Cr
₹62 Cr
₹4 Cr
₹3 Cr
₹127 Cr
₹127 Cr
₹170 Cr
₹170 Cr
₹172 Cr
₹172 Cr
₹210 Cr
₹210 Cr
₹238 Cr
₹238 Cr
₹356 Cr

Cera Sanitaryware Ltd · CERA

₹-343 Cr
₹-335 Cr
₹-335 Cr
₹-496 Cr
₹-496 Cr
₹-500 Cr
₹-500 Cr
₹-603 Cr
₹-603 Cr
₹-681 Cr
₹-681 Cr
₹-766 Cr
₹-766 Cr
₹-581 Cr
₹-581 Cr
₹-631 Cr
₹-634 Cr
₹-654 Cr
₹-654 Cr
₹-799 Cr

Hindware Home Innovation Ltd · HINDWAREAP⚠ unverified

₹209 Cr
₹162 Cr
₹162 Cr
₹320 Cr
₹320 Cr
₹990 Cr
₹990 Cr
₹949 Cr
₹949 Cr
₹1.1K Cr
₹1.1K Cr
₹1.0K Cr
₹1.0K Cr
₹1.0K Cr
₹1.0K Cr
₹864 Cr
₹864 Cr
₹899 Cr
₹899 Cr
₹817 Cr

Kajaria Ceramics Ltd · KAJARIACER

₹-324 Cr
₹-447 Cr
₹-447 Cr
₹-65 Cr
₹-259 Cr
₹-116 Cr
₹-116 Cr
₹86 Cr
₹-144 Cr
₹-349 Cr
₹-349 Cr
₹-70 Cr
₹-275 Cr
₹-184 Cr
₹-184 Cr
₹-167 Cr
₹-309 Cr
₹-257 Cr
₹-257 Cr
₹-526 Cr

Nitco Ltd · NITCO

₹765 Cr
₹793 Cr
₹793 Cr
₹811 Cr
₹821 Cr
₹821 Cr
₹821 Cr
₹884 Cr
₹871 Cr
₹900 Cr
₹900 Cr
₹980 Cr
₹966 Cr
₹926 Cr
₹926 Cr
₹203 Cr
₹200 Cr
₹247 Cr
₹247 Cr
₹283 Cr

Somany Ceramics Ltd · SOMANYCERA⚠ unverified

₹214 Cr
₹199 Cr
₹199 Cr
₹316 Cr
₹338 Cr
₹438 Cr
₹438 Cr
₹354 Cr
₹354 Cr
₹239 Cr
₹239 Cr
₹300 Cr
₹300 Cr
₹306 Cr
₹306 Cr
₹283 Cr
₹270 Cr
₹248 Cr
₹248 Cr
₹228 Cr
06 · compare level, then change

Return On Capital Employed

Kajaria Ceramics Ltd has the highest ROCE among the 6 Ceramics/Tiles/Sanitaryware companies compared here, at 23.3%. Cera Sanitaryware Ltd is next at 22.4%. Nitco Ltd has the highest ROCE change at +13.2 percentage points, so level and change sit with different companies. 6 of 6 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: Kajaria Ceramics Ltd leads ROCE at 23.3%, 0.9 percentage points above Cera Sanitaryware Ltd. Nitco Ltd has the strongest latest improvement at +13.2 percentage points. Read the leader beside the density of its reported history: a sparse high return is a candidate; a repeated high return is evidence of durability.

LeaderKajaria Ceramics Ltd · 23.3%
Gap4% versus #2 · Cera Sanitaryware Ltd
Persistence3/8 recent comparable periods
Coverage6/6 companies · 90 observations

Investor read: Kajaria Ceramics Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current roce change signal.

ROCE asks how much operating return the business earns on the capital employed. Direction matters, but a single exceptional year should not be mistaken for durability.
ROCEhighest
1Kajaria Ceramics Ltd KAJARIACER23%
2Cera Sanitaryware Ltd CERA22%
3Somany Ceramics Ltd SOMANYCERA⚠ unverified13%
4Nitco Ltd NITCO7.1%
5Hindware Home Innovation Ltd HINDWAREAP⚠ unverified7.0%
ROCE changefastest improvers
1Nitco Ltd NITCO+13.2 pp
2Kajaria Ceramics Ltd KAJARIACER+6.0 pp
3Hindware Home Innovation Ltd HINDWAREAP⚠ unverified+5.2 pp
4Somany Ceramics Ltd SOMANYCERA⚠ unverified+0.6 pp
5Asian Granito India Ltd ASIANTILES⚠ unverified0.0 pp
Return on capital · company comparison
6/6 level · 6/6 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyROCEROCE changeReported
Kajaria Ceramics Ltd KAJARIACER21%+6.0 ppMar 2026
Cera Sanitaryware Ltd CERA15%−2.9 ppMar 2026
Somany Ceramics Ltd SOMANYCERA⚠ unverified12%+0.6 ppMar 2026
Hindware Home Innovation Ltd HINDWAREAP⚠ unverified9.6%+5.2 ppMar 2026
Nitco Ltd NITCO4.1%+13.2 ppMar 2026
Asian Granito India Ltd ASIANTILES⚠ unverified1.5%0.0 ppMar 2026
Full 20-quarter history · every available company

ROCE · reported quarter history

Asian Granito India Ltd · ASIANTILES⚠ unverified

—
14%
—
8.3%
—
2.4%
—
-7.6%
—
-6.0%
-3.0%
0.3%
1.0%
0.1%
1.2%
1.5%
1.8%
3.2%
5.5%
1.5%

Cera Sanitaryware Ltd · CERA

—
15%
—
18%
—
21%
—
21%
26%
21%
25%
18%
23%
18%
23%
18%
22%
17%
—
15%

Hindware Home Innovation Ltd · HINDWAREAP⚠ unverified

—
28%
—
21%
—
17%
—
15%
—
16%
16%
13%
12%
5.3%
6.5%
4.4%
-1.0%
6.7%
2.2%
9.6%

Kajaria Ceramics Ltd · KAJARIACER

—
24%
—
21%
—
20%
—
18%
—
19%
23%
22%
21%
13%
18%
15%
16%
16%
18%
21%

Nitco Ltd · NITCO

—
-41%
—
511%
—
77%
—
40%
—
22%
-34%
21%
-40%
22%
-382%
-9.1%
-171%
4.2%
12%
4.1%

Somany Ceramics Ltd · SOMANYCERA⚠ unverified

—
18%
—
13%
—
12%
—
11%
—
13%
14%
16%
16%
15%
14%
12%
11%
10%
11%
12%

ROCE change · reported quarter history

Asian Granito India Ltd · ASIANTILES⚠ unverified

—
—
—
—
—
−11.5 pp
—
−15.9 pp
—
−8.4 pp
—
+7.9 pp
—
+6.1 pp
+4.2 pp
+1.2 pp
+0.8 pp
+3.1 pp
+4.3 pp
0.0 pp

Cera Sanitaryware Ltd · CERA

—
—
—
—
—
+6.4 pp
—
+3.3 pp
—
−0.2 pp
—
−2.7 pp
−3.3 pp
−3.0 pp
−1.9 pp
−0.6 pp
−1.0 pp
−1.4 pp
—
−2.9 pp

Hindware Home Innovation Ltd · HINDWAREAP⚠ unverified

—
—
—
—
—
−11.2 pp
—
−5.5 pp
—
−1.4 pp
—
−1.7 pp
—
−10.3 pp
−9.3 pp
−8.9 pp
−12.9 pp
+1.4 pp
−4.3 pp
+5.2 pp

Kajaria Ceramics Ltd · KAJARIACER

—
—
—
—
—
−3.5 pp
—
−3.5 pp
—
−1.2 pp
—
+4.0 pp
—
−6.3 pp
−4.7 pp
−7.1 pp
−4.9 pp
+3.3 pp
−0.1 pp
+6.0 pp

Nitco Ltd · NITCO

—
—
—
—
—
+117.7 pp
—
−471.0 pp
—
−55.0 pp
—
−19.3 pp
—
−0.1 pp
−348.2 pp
−29.7 pp
−130.6 pp
−17.6 pp
+393.9 pp
+13.2 pp

Somany Ceramics Ltd · SOMANYCERA⚠ unverified

—
—
—
—
—
−5.5 pp
—
−1.9 pp
—
+0.4 pp
—
+5.0 pp
—
+1.9 pp
−0.5 pp
−4.3 pp
−5.0 pp
−4.4 pp
−2.5 pp
+0.6 pp
07 · compare level, then change

Valuation Against Growth & Quality

Kajaria Ceramics Ltd has the lowest Guarded PEG among the 6 Ceramics/Tiles/Sanitaryware companies compared here, at 2×. Cera Sanitaryware Ltd is next at 4.07×. Somany Ceramics Ltd has the lowest P/E at 24.4×, so level and change sit with different companies. 2 of 6 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: Kajaria Ceramics Ltd has the lowest comparable Guarded PEG at 2×, 50.9% below Cera Sanitaryware Ltd. Only 2 of 6 companies pass the guard, so no broad “cheapest stock” conclusion is defensible unless the current multiple, own-history position and growth durability agree.

LeaderKajaria Ceramics Ltd · 2×
Gap50.9% versus #2 · Cera Sanitaryware Ltd
Persistence0/8 recent comparable periods
Coverage2/6 companies · 21 observations

Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy.

This conclusion weakens if: The next two comparable reports reverse the current p/e signal.

PEG is shown only when earnings are positive and three-year EPS growth is between 5% and 60%. It is recomputed consistently as the trailing P/E divided by that growth rate — reported earnings, never an expected-earnings multiple. On Indian companies it is shown only where the two data sources reconciled. A missing PEG is more honest than a low-base fiction.
Guarded PEGlowest PEG
1Kajaria Ceramics Ltd KAJARIACER2.0
2Cera Sanitaryware Ltd CERA4.1
P/Elowest P/E
1Somany Ceramics Ltd SOMANYCERA⚠ unverified24.4
2Cera Sanitaryware Ltd CERA31.4
3Kajaria Ceramics Ltd KAJARIACER36.7
4Asian Granito India Ltd ASIANTILES⚠ unverified76.0
5Nitco Ltd NITCO76.1
Valuation · company comparison
2/6 level · 6/6 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyGuarded PEGP/EReported
Cera Sanitaryware Ltd CERA4.124.2Mar 2026
Kajaria Ceramics Ltd KAJARIACER2.035.0Mar 2026
Nitco Ltd NITCO—53.6Mar 2026
Somany Ceramics Ltd SOMANYCERA⚠ unverified—23.7Mar 2026
Hindware Home Innovation Ltd HINDWAREAP⚠ unverified—78.9Mar 2026
Asian Granito India Ltd ASIANTILES⚠ unverified—31.9Mar 2026
Full 20-quarter history · every available company

Guarded PEG · reported quarter history

Cera Sanitaryware Ltd · CERA

—
3.1
1.1
0.8
0.6
—
0.8
1.0
1.3
1.8
1.8
2.8
3.7
—
—
—
—
4.1
—
—

Kajaria Ceramics Ltd · KAJARIACER

—
1.7
—
—
1.7
3.6
—
3.9
—
—
1.3
1.5
2.5
4.5
—
—
—
—
—
2.0

P/E · reported quarter history

Asian Granito India Ltd · ASIANTILES⚠ unverified

23.6
18.7
12.1
9.8
6.3
8.7
26.1
22.9
—
—
—
—
-114.6
-4,969.5
157.9
23.0
28.3
129.0
119.2
31.9

Cera Sanitaryware Ltd · CERA

56.2
57.2
47.7
43.1
34.1
38.8
35.6
40.9
46.9
48.2
43.0
38.1
47.2
45.8
38.8
31.0
35.7
32.2
27.0
24.2

Hindware Home Innovation Ltd · HINDWAREAP⚠ unverified

47.4
38.7
36.7
31.9
21.9
28.2
35.3
39.2
75.5
91.3
75.5
59.2
86.3
72.3
65.8
—
—
-37.9
-43.3
78.9

Kajaria Ceramics Ltd · KAJARIACER

51.3
52.2
50.6
38.5
38.8
44.8
48.3
50.1
57.2
57.6
51.7
42.7
52.8
57.0
45.8
37.2
51.6
53.5
38.7
35.0

Nitco Ltd · NITCO

—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
-5.2
-4.4
—
53.6

Somany Ceramics Ltd · SOMANYCERA⚠ unverified

37.0
31.9
32.9
24.2
26.5
22.1
23.5
31.7
41.5
41.8
36.3
26.3
35.8
31.9
33.5
25.1
38.3
31.3
29.6
23.7
08 · compare level, then change

Enterprise Value & Book Value

Somany Ceramics Ltd has the lowest EV/EBITDA among the 6 Ceramics/Tiles/Sanitaryware companies compared here, at 7.6×. Hindware Home Innovation Ltd is next at 11×. Asian Granito India Ltd has the lowest P/BV at 1.04×, so level and change sit with different companies. 6 of 6 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: Somany Ceramics Ltd leads ev/ebitda at 7.6×; Asian Granito India Ltd leads p/bv at 1.04×.

LeaderSomany Ceramics Ltd · 7.6×
Gap30.9% versus #2 · Hindware Home Innovation Ltd
Persistence0/8 recent comparable periods
Coverage6/6 companies · 99 observations

Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy.

This conclusion weakens if: The next two comparable reports reverse the current p/bv signal.

EV/EBITDA includes debt in enterprise value and is useful across different capital structures. P/BV prices the company against its own book. Both are market multiples on reported figures, not intrinsic-value estimates and not forecasts.
EV/EBITDAlowest EV/EBITDA
1Somany Ceramics Ltd SOMANYCERA⚠ unverified7.6
2Hindware Home Innovation Ltd HINDWAREAP⚠ unverified11.0
3Asian Granito India Ltd ASIANTILES⚠ unverified13.9
4Cera Sanitaryware Ltd CERA16.7
5Kajaria Ceramics Ltd KAJARIACER18.6
P/BVlowest P/BV
1Asian Granito India Ltd ASIANTILES⚠ unverified1.0
2Hindware Home Innovation Ltd HINDWAREAP⚠ unverified2.4
3Somany Ceramics Ltd SOMANYCERA⚠ unverified2.4
4Cera Sanitaryware Ltd CERA5.7
5Kajaria Ceramics Ltd KAJARIACER6.3
Enterprise and book valuation · company comparison
6/6 level · 6/6 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyEV/EBITDAP/BVReported
Nitco Ltd NITCO54.66.7Mar 2026
Kajaria Ceramics Ltd KAJARIACER18.65.2Mar 2026
Cera Sanitaryware Ltd CERA16.74.4Mar 2026
Asian Granito India Ltd ASIANTILES⚠ unverified13.90.9Mar 2026
Hindware Home Innovation Ltd HINDWAREAP⚠ unverified11.02.0Mar 2026
Somany Ceramics Ltd SOMANYCERA⚠ unverified7.62.0Mar 2026
Full 20-quarter history · every available company

EV/EBITDA · reported quarter history

Asian Granito India Ltd · ASIANTILES⚠ unverified

12.8
10.9
8.2
6.8
5.2
5.2
8.7
29.5
—
—
—
—
14.7
20.3
19.9
11.6
16.2
18.7
18.7
13.9

Cera Sanitaryware Ltd · CERA

31.5
33.0
28.8
26.4
21.1
24.3
22.4
26.1
30.5
31.6
28.2
25.1
31.3
29.9
26.5
21.0
24.6
22.3
18.7
16.7

Hindware Home Innovation Ltd · HINDWAREAP⚠ unverified

18.1
18.7
17.4
14.8
12.4
16.0
17.4
12.3
16.7
18.7
16.9
13.3
15.0
12.8
14.0
13.0
18.8
19.5
14.6
11.0

Kajaria Ceramics Ltd · KAJARIACER

29.7
31.3
30.4
23.0
22.4
26.6
27.7
27.0
31.6
32.6
29.4
24.3
29.9
31.1
24.4
19.4
25.7
27.0
20.3
18.6

Nitco Ltd · NITCO

—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
66.9
55.5
54.6

Somany Ceramics Ltd · SOMANYCERA⚠ unverified

15.0
13.9
14.9
11.6
12.1
11.6
11.7
12.8
16.6
16.0
14.3
10.6
14.4
12.2
11.8
8.3
11.6
9.3
8.5
7.6

P/BV · reported quarter history

Asian Granito India Ltd · ASIANTILES⚠ unverified

2.4
2.3
2.0
1.4
0.9
0.5
0.5
0.5
0.6
0.6
0.8
0.6
0.7
0.9
0.7
0.5
0.6
0.6
1.2
0.9

Cera Sanitaryware Ltd · CERA

7.3
7.5
6.9
6.9
5.2
6.7
6.4
8.2
8.5
9.4
8.4
7.2
8.4
7.8
7.6
6.0
6.5
5.9
4.9
4.4

Hindware Home Innovation Ltd · HINDWAREAP⚠ unverified

9.5
10.2
7.4
6.3
7.0
5.5
6.4
5.4
8.3
7.6
6.9
5.1
6.1
4.3
4.0
3.0
4.1
3.5
2.8
2.0

Kajaria Ceramics Ltd · KAJARIACER

9.2
10.6
10.1
7.7
7.8
8.5
8.3
7.9
9.4
9.1
8.3
7.3
9.6
9.0
6.6
5.1
6.6
6.9
5.3
5.2

Nitco Ltd · NITCO

3.2
2.6
-1.7
-1.3
2.6
-0.6
-0.7
-0.7
-0.7
-0.7
-0.6
-1.0
-1.6
-1.2
-1.6
-1.4
-2.9
10.4
7.0
6.7

Somany Ceramics Ltd · SOMANYCERA⚠ unverified

4.2
4.7
5.2
4.0
3.7
3.1
2.7
2.9
4.2
3.7
3.7
3.0
4.5
4.0
3.6
2.3
3.2
2.4
2.1
2.0
09 · let price answer last

Market action

Kajaria Ceramics Ltd has the strongest one-year price move in Ceramics/Tiles/Sanitaryware at +1.1%. Somany Ceramics Ltd leads on Mansfield relative strength against NIFTY at +14.1%. 4 of 6 covered companies are above zero on that measure. Every line covers 313 weekly closes through 2026-07-17.

Every price line is indexed to 100 over the chosen window. Mansfield relative strength compares a price ratio with its own 52-week average; zero separates leadership from lagging.
Price and relative strength

Price is rebased to 100 inside the selected window. Pair ratio rebases each selected company against one chosen denominator.

Before the conclusion · check the blind spots

What can make this comparison misleading?

This Ceramics/Tiles/Sanitaryware comparison names 6 specific ways its own evidence can mislead, all listed below. All 6 companies here report on comparable dates, so no rank carries a stale marker. 3 draw at least one figure from a second feed with too little overlap to cross-check. 2 of the 8 ranked sections have fewer than three usable current readings.

Keep these limits visible

  • A high growth rate can be a low-base artefact. The page keeps level and change separate for that reason.
  • A high ROCE can be temporary or flattered by a small capital base. Read it beside margin, cash conversion and reinvestment.
  • The 4-Factor Sector Score ranks research priority, not portfolio action. Management quality, catalysts and risks need equally fresh evidence before capital is deployed.
  • An “all companies” line chart preserves completeness, but rank changes should be checked against reporting dates before drawing a conclusion.
  • 3 companies draw at least one figure from a second data feed with too little overlapping history to cross-check against the primary source; they are marked unverified wherever those figures appear.
  • Thin comparisons: Capital expenditure, Valuation have fewer than three usable current readings.
10 · the complete set

Which companies are included?

All 6 companies in the canonical Ceramics/Tiles/Sanitaryware membership are listed below, largest market value first — nothing is silently dropped, even where a company reports too little to rank. The charts above default to a selective view; this register is the complete set, with each company's own latest reporting date beside it.

AHEAD means the company is beating the index by 5% or more over three months. LAGGING, FUNDAMENTALS UP means it is 20% or more behind over a year while its trailing twelve-month earnings grew 20% or more. Both rules are fixed and applied the same way in every sector.

CompanyMarket valuePricePriced toLatest fundamentalsSource standing
Kajaria Ceramics Ltd KAJARIACER18/26 WEEKS₹19.1K Cr₹1,2152026-07-19Mar 2026Cross-checked
Cera Sanitaryware Ltd CERAAHEAD18/26 WEEKS₹7.8K Cr₹6,0172026-07-19Mar 2026Cross-checked
Nitco Ltd NITCOAHEAD18/26 WEEKS₹2.5K Cr₹1042026-07-19Mar 2026Cross-checked
Somany Ceramics Ltd SOMANYCERA20/26 WEEKS⚠ unverified₹2.0K Cr₹4972026-07-19Mar 2026Includes unverified figures
Hindware Home Innovation Ltd HINDWAREAP⚠ unverified₹1.8K Cr₹2122026-07-19Mar 2026Includes unverified figures
Asian Granito India Ltd ASIANTILES⚠ unverified₹1.6K Cr₹53.52026-07-19Mar 2026Includes unverified figures
How each company's sources stand: 3 of 6 companies draw at least one figure from a second data feed that could not be cross-checked against the primary source, because the two do not share enough reported history to compare. Those figures are marked unverified wherever they appear.
Evidence and freshness

How was this comparison built?

This comparison is built from the reported filings of 6 Ceramics/Tiles/Sanitaryware companies, normalized to a common ₹ scale and a shared quarter axis of up to 20 quarters each. Fundamentals run through Mar 2026 and market data through 2026-07-24. A second data feed fills gaps only after identity and scale reconciliation, and missing observations are never interpolated.

FundamentalsThrough Mar 2026 · up to 20 quarters per company
Market dataThrough 2026-07-24 · weekly price and relative-strength history
Derived metricsGrowth, changes, CAPEX intensity, net debt, guarded PEG and P/BV÷ROE are calculated only when their inputs are comparable.
Score confidenceMissing and stale evidence reduces confidence and pulls the 0–100 research-priority score toward neutral.
Source standing3 cross-checked · 3 unverified · 0 withheld, of 6 graded companies.

A second feed is read only after its reported income is matched against the primary source on at least three overlapping periods. Where the two agree the figures fill silently. Where there is too little shared history to compare, the figures are still drawn — they are the only evidence there is — and marked ⚠ unverified everywhere they appear. Where the two are known to disagree, nothing from the second feed is drawn and the affected company is named under the chart it is missing from. Every company's standing is listed in the register above.

Questions investors ask · short, speakable answers

Ceramics/Tiles/Sanitaryware company comparison FAQs

These 18 answers restate the Ceramics/Tiles/Sanitaryware comparison above in question form. Every one is computed from the same 6 companies and the same reported filings as the rankings and charts, current through Mar 2026. Price and relative-strength answers run through 2026-07-24. Nothing here is estimated, and none of it is a recommendation.

What is the Nifty Ceramics/Tiles/Sanitaryware index?

The Nifty Ceramics/Tiles/Sanitaryware index tracks India's listed Ceramics/Tiles/Sanitaryware companies as a single basket. This page follows the same 6 companies and equal-weights them, so every company's weekly return counts once whatever it is worth, and the reading belongs to the Ceramics/Tiles/Sanitaryware sector rather than to its largest constituent. Figures are as of Mar 2026.

Which are the best Ceramics/Tiles/Sanitaryware stocks in India?

Ranked by this page's four-factor score, Kajaria Ceramics Ltd places first among 6 listed Ceramics/Tiles/Sanitaryware companies, followed by Somany Ceramics Ltd. That is a ranking of published data — earnings, quality, valuation and market behaviour as of Mar 2026 — and not a recommendation; Sector Alpha is not registered with SEBI as an investment adviser.

How many Ceramics/Tiles/Sanitaryware stocks are listed in India?

This comparison covers 6 listed Ceramics/Tiles/Sanitaryware companies in India, each above the size floor the site applies, with 20 quarters of reported figures per company where the filings exist. The full ranked list is on this page, as of Mar 2026.

Which Ceramics/Tiles/Sanitaryware company is the biggest?

Kajaria Ceramics Ltd is the largest, with trailing-twelve-month revenue of ₹4,830 crore, ahead of Somany Ceramics Ltd at ₹2,789 crore. That covers 6 of 6 companies with comparable reporting through Mar 2026.

Which Ceramics/Tiles/Sanitaryware company is growing fastest?

Nitco Ltd has the fastest revenue growth at 72.4% year on year, across 6 of 6 comparable companies. Fast growth off a small base is not the same as proven scale — check whether the rate holds across several quarters on the chart above before treating it as a trend.

Which Ceramics/Tiles/Sanitaryware company has the best profit margins?

Kajaria Ceramics Ltd has the highest operating margin at 19%, from 6 of 6 comparable companies. Kajaria Ceramics Ltd shows the biggest recent improvement, at +8 percentage points. A high margin matters most when it is holding or rising, not when it is peaking.

Which Ceramics/Tiles/Sanitaryware company makes the most profit?

Kajaria Ceramics Ltd earns the most, at ₹487 crore of trailing-twelve-month net profit, from 6 of 6 comparable companies. Kajaria Ceramics Ltd has the fastest profit growth at 62.3%, though growth off a small or recovering profit base overstates how much has actually changed.

Which Ceramics/Tiles/Sanitaryware company earns the highest return on capital?

Kajaria Ceramics Ltd leads on return on capital employed at 23.3%, across 6 of 6 companies. Read it beside the length of its reported history: a high return that repeats for years is evidence of a durable business, while a single high reading can be a small capital base or one good year.

Which Ceramics/Tiles/Sanitaryware stock is the cheapest?

On guarded PEG — where a LOWER number is cheaper — Kajaria Ceramics Ltd screens cheapest at 2×. Only 2 of 6 companies pass the comparability guard, so this is not a sector-wide "cheapest stock" verdict. Cheap on a multiple is a reason to investigate, never a reason to buy on its own.

Which Ceramics/Tiles/Sanitaryware company has the strongest balance sheet?

Cera Sanitaryware Ltd carries the lowest comparable gross debt at ₹47 crore, from 6 of 6 companies. Absolute rupee debt alone does not settle it, because company scale differs — net debt and debt-to-equity in the chart above carry more information, and a very low-debt balance sheet can also mean under-investment.

Which Ceramics/Tiles/Sanitaryware stock has the strongest price momentum?

Somany Ceramics Ltd has the strongest relative strength against NIFTY 500. Relative strength answers last, after growth, quality and valuation: price can move well before the fundamentals confirm it, and sometimes without them confirming at all.

Which Ceramics/Tiles/Sanitaryware company scores highest for research priority?

Kajaria Ceramics Ltd scores 72 out of 100 with 100% evidence confidence, from 27.8 points on growth and earnings, 21.8 on capital efficiency, 9.2 on valuation and 13.2 on relative strength. This ranks what deserves work next. It is not a buy recommendation, and management quality, catalysts and risk still need separate research.

How many Ceramics/Tiles/Sanitaryware companies does this comparison cover, and over what period?

It compares 6 listed companies over up to 20 reported quarters of fundamentals and 10 fiscal years of capital allocation, ending Mar 2026, plus weekly price and relative-strength history. Membership is the full sector list — nothing is dropped for having thin data.

What is the total market cap of the Ceramics/Tiles/Sanitaryware sector?

The 6 Ceramics/Tiles/Sanitaryware companies on this page carry ₹34,750 crore of combined market value. Kajaria Ceramics Ltd is the largest at ₹19,091 crore, about 55% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-07-29.

What is the Ceramics/Tiles/Sanitaryware sector's P/E ratio?

The median price-to-earnings ratio across the 6 Ceramics/Tiles/Sanitaryware companies on this page is 76×, measured on the 6 that report a comparable figure. A sector-level history for this multiple is not held here, so this is a cross-section of today, not a comparison with the sector’s own past. Figures are as of 2026-07-29.

How is the Ceramics/Tiles/Sanitaryware sector performing?

4 of the 6 covered Ceramics/Tiles/Sanitaryware companies are beating NIFTY 500 on Mansfield relative strength. A 52-week sector-versus-index comparison is not available from the current market series for this sector, so it is not quoted. Readings are as of 2026-07-29.

Why are some values on this page blank?

A blank means that company did not report a comparable figure for that period, so nothing is shown. Missing observations are never interpolated, carried forward, or replaced with a similar-looking accounting line, and a company with missing evidence has its research score pulled toward neutral rather than being scored as bad.

Is this investment advice?

No. Every figure here is a deterministic calculation from reported company filings and market data, published for research. It contains no recommendation to buy or sell any security, does not account for your circumstances, and is not a substitute for advice from a licensed adviser.

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