Ceranitaryware (NSE:CERA) Interest Coverage: 62.20 (As of Mar. 2026) — 116% Above Median


NSE:CERA Cera Sanitaryware Ltd NSE:CERA
88 GF Score
Price ₹6,476.00
GF Value ₹7,908.05
Valuation Modestly Undervalued
! 4 Warning Signs
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What is Ceranitaryware Interest Coverage?

Ceranitaryware NSE:CERA +0.54% 88 Interest Coverage is 62.20 as of Mar. 2026, which is 116% above its 10-year median of 28.86. GuruFocus rates NSE:CERA with a GF Score™ of 88/100 and a GF Value™ of ₹7,908.05 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 1,349 Construction companies, Ceranitaryware ranks better than 76.8% on this metric.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income by its Interest Expense. Ceranitaryware's Operating Income for the three months ended in Mar. 2026 was ₹880 Mil. Ceranitaryware's Interest Expense for the three months ended in Mar. 2026 was ₹-14 Mil. Ceranitaryware's interest coverage for the quarter that ended in Mar. 2026 was 62.20. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Ceranitaryware's Interest Coverage or its related term are showing as below:

NSE:CERA' s Interest Coverage Range Over the Past 10 Years
Min: 13.02   Med: 28.86   Max: 50.01
Current: 35.43


NSE:CERA's Interest Coverage is ranked better than
76.8% of 1349 companies
in the Construction industry
Industry Median: 7.92 vs NSE:CERA: 35.43

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.


Ceranitaryware  (NSE:CERA) Interest Coverage Explanation

Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.

Interest Coverage is an important factor when GuruFocus ranks a company's overage Financial Strength .


Ceranitaryware Interest Coverage Related Terms


Ceranitaryware Interest Coverage Historical Data

* Premium members only.

The historical data trend for Ceranitaryware's Interest Coverage can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Note: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No Debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

Ceranitaryware Interest Coverage Chart

Ceranitaryware Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 38.23 47.99 50.01 36.78 37.13

Ceranitaryware Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Interest Coverage Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 59.71 29.87 34.95 20.93 62.20

NSE:CERA vs TT, JCI, CARR: Interest Coverage Comparison

For the Building Products & Equipment subindustry, Ceranitaryware's Interest Coverage, along with its competitors' market caps and Interest Coverage data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Ceranitaryware Interest Coverage vs Construction Industry

For the Construction industry and Industrials sector, Ceranitaryware's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Ceranitaryware's Interest Coverage falls into.


NSE:CERA
88GF Score
Cera Sanitaryware Ltd NSE:CERA
Interest Coverage is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ceranitaryware Interest Coverage Calculation

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:

If Interest Expense is negative and Operating Income is positive, then

Interest Coverage=-1* Operating Income /Interest Expense

Else if Interest Expense is negative and Operating Income is negative, then

The company did not have earnings to cover the interest expense.

Else if Interest Expense is 0 and Long-Term Debt & Capital Lease Obligation is 0, then

The company had no debt (1).


Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Ceranitaryware's Interest Coverage for the fiscal year that ended in Mar. 2026 is calculated as

Here, for the fiscal year that ended in Mar. 2026, Ceranitaryware's Interest Expense was ₹-62 Mil. Its Operating Income was ₹2,304 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹368 Mil.

Interest Coverage=-1* Operating Income (A: Mar. 2026 )/Interest Expense (A: Mar. 2026 )
=-1*2303.564/-62.041
=37.13

Ceranitaryware's Interest Coverage for the quarter that ended in Mar. 2026 is calculated as

Here, for the three months ended in Mar. 2026, Ceranitaryware's Interest Expense was ₹-14 Mil. Its Operating Income was ₹880 Mil. And its Long-Term Debt & Capital Lease Obligation was ₹368 Mil.

Interest Coverage=-1* Operating Income (Q: Mar. 2026 )/Interest Expense (Q: Mar. 2026 )
=-1*879.822/-14.146
=62.20

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

The higher the ratio, the stronger the company's Financial Strength is.

Frequently Asked Questions Learn more about Interest Coverage →
What does a Interest Coverage of 62.20 mean?
Ceranitaryware (NSE:CERA) has a Interest Coverage of 62.20 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Ceranitaryware and its competitors. This is 116% above median its historical median of 28.86. Over the past decade, Ceranitaryware's Interest Coverage has ranged from 13.02 to 50.01. According to the industry distribution chart, Ceranitaryware ranks #313 out of 1349 companies in the Construction industry, placing it in the top 23.2%.
Is Ceranitaryware's Interest Coverage too high?
Ceranitaryware's current Interest Coverage of 62.20 is 116% above median its 10-year median of 28.86. Over the past 10 years, this metric has ranged from a low of 13.02 to a high of 50.01. The Construction industry median Interest Coverage is 7.92. Ceranitaryware's value of 62.20 is 685.4% above this industry median. Based on the distribution chart, Ceranitaryware ranks #313 out of 1349 companies in the Construction industry, which is in the top quartile — a strong position relative to peers. Overall, Ceranitaryware has a GF Score™ of 88/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Ceranitaryware's Interest Coverage compare to TT and JCI?
According to the Construction industry distribution chart, Ceranitaryware ranks #313 out of 1349 companies for Interest Coverage. This places Ceranitaryware in the top 23% of its industry — outperforming the majority of peers. The industry median Interest Coverage is 7.92. Ceranitaryware's value of 62.20 is 685.4% above this benchmark. Historically, Ceranitaryware's own Interest Coverage has ranged from 13.02 to 50.01 over the past decade. While the company's 10-year median is 28.86 vs. the industry median of 7.92, Ceranitaryware has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Interest Coverage for a Construction company?
The median Interest Coverage among Construction companies is 7.92, based on 1,349 companies in the industry. Companies in the top quartile (top 25%) have a Interest Coverage significantly above this median, while those in the bottom quartile fall well below. However, Interest Coverage should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Ceranitaryware's current Interest Coverage of 62.20 is 685.4% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Interest Coverage mean?
A high Interest Coverage can signal that a stock is expensive relative to its fundamentals. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Ceranitaryware and its competitors. For the Construction industry, the median Interest Coverage is 7.92 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ceranitaryware's current Interest Coverage is 62.20, which is 116% above median its own 10-year median of 28.86. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ceranitaryware stock overvalued right now?
Based on GuruFocus' analysis, Ceranitaryware (NSE:CERA) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹7,908.05, compared to a current price of ₹6,476.00 — trading 18.1% below its estimated fair value. The current Interest Coverage is 62.20, which is 116% above median its 10-year median of 28.86 and 685.4% above the Construction industry median of 7.92. Ceranitaryware's overall GF Score™ is 88/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Interest Coverage calculated?
Interest Coverage is calculated from a company's financial statements. For Ceranitaryware (NSE:CERA), the current Interest Coverage is 62.20 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Ceranitaryware (NSE:CERA) Overvalued in 2026?

Based on GuruFocus' analysis, Ceranitaryware stock appears to be undervalued. The current stock price of ₹6,476.00 is trading 18.1% below its estimated GF Value™ of ₹7,908.05. GuruFocus considers Ceranitaryware to be Modestly Undervalued.

Key valuation signals for NSE:CERA:

  • Interest Coverage: 62.20 (116% above median its 10-year median of 28.86)
  • GF Value™: ₹7,908.05 vs. price of ₹6,476.00 (18.1% below fair value)
  • GF Score™: 88/100 with 4 warning signs
  • Industry Position: 685.4% above the Construction median (#313 of 1349)

No single metric tells the full story. See the NSE:CERA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Ceranitaryware Business Description

Other Exchanges 532443:India
Address Ambli BRTS Road, ISKCON Cross Roads, 7th and 8th Floor, B Wing, Privilon, Ahmedabad, GJ, IND, 380 059
Cera Sanitaryware Ltd manufactures, markets, and distributes building products. Some of its products include wash basins, flushing systems, bath accessories, quarter turn, overhead showers, health faucets, bathroom allied products, bathroom accessories, mirrors, and others. Geographically the company has operations only in India.
88GF Score

Get the complete analysis for NSE:CERA

Interest Coverage is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹6,476.00
Price
₹7,908.05
GF Value