Cera Sanitaryware Ltd - Stock Valuation and Financial Performance

BSE: 532443 | NSE: CERA | Ceramics/Marble/Granite/Sanitaryware | Small Cap

Cera Sanitaryware Share Price

6,804 -70.60 -1.03%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on Cera Sanitaryware

Overall Rating
Bole Toh

1. Quality

2. Valuation

Somewhat overvalued

3. Price Trend

Cera Sanitaryware stock performance -

mw4me loader
P/E Ratio (SA):
39.37
Market Cap:
8,941 Cr.
52-wk low:
5,988.8
52-wk high:
9,782.3

Is Cera Sanitaryware Ltd an attractive stock to invest in?

1. Is Cera Sanitaryware Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Cera Sanitaryware Ltd is a good quality company.

2. Is Cera Sanitaryware Ltd undervalued or overvalued?

The key valuation ratios of Cera Sanitaryware Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.

3. Is Cera Sanitaryware Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Cera Sanitaryware Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Cera Sanitaryware:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Cera Sanitaryware Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 21.5%20.8%19.5%21.2%17.4%17.5%16%12.4%15.9%19.1%-
Value Creation
Index
0.50.50.40.50.20.30.1-0.10.20.4-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 6648229171,0111,1821,3441,2091,2021,4421,7961,856
Sales YoY Gr.-23.8%11.6%10.3%16.9%13.7%-10%-0.6%20%24.6%-
Adj EPS 4051.162.779.976.588.89077.6114.3159.6174.6
YoY Gr.-27.7%22.7%27.5%-4.2%16.1%1.4%-13.8%47.4%39.6%-
BVPS (₹) 177270.4323.7403.2465.1538.3594.3672.3773.3899974.6
Adj Net
Profit
50.666.481.510499.5115117101149208227
Cash Flow from Ops. 63.440.611611271.511412326297.9156-
Debt/CF from Ops. 0.81.70.30.30.30.20.10.10.20.1-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 11.7%8.7%14.1%24.6%
Adj EPS 16.6%15.8%21%39.6%
BVPS19.8%14.1%14.8%16.3%
Share Price 22.6% 19.8% 20.6% 9.3%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
25.123.121.12217.617.715.912.315.819.118.6
Op. Profit
Mgn %
14.314.415.416.914.514.213.512.515.415.915.5
Net Profit
Mgn %
7.68.18.910.38.48.69.78.410.311.612.2
Debt to
Equity
0.20.20.10.1000000-
Working Cap
Days
1211271401431441431601439996118
Cash Conv.
Cycle
81839085919510581424082

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 18.60%

Sales growth is growing at healthy rate in last 3 years 14.10%

Net Profit is growing at healthy rate in last 3 years 21.03%

Sales growth is not so good in last 4 quarters at 9.03%

Latest Financials - Cera Sanitaryware Ltd.

Standalone Consolidated
TTM EPS (₹) 174.6 174.4
TTM Sales (₹ Cr.) 1,856 1,864
BVPS (₹.) 974.6 977.7
Reserves (₹ Cr.) 1,261 1,265
P/BV 7.05 7.03
PE 39.37 39.42
From the Market
52 Week Low / High (₹) 5988.80 / 9782.25
All Time Low / High (₹) 3.25 / 9782.25
Market Cap (₹ Cr.) 8,941
Equity (₹ Cr.) 6.5
Face Value (₹) 5
Industry PE 41.4

Management X-Ray of Cera Sanitaryware:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Cera Sanitaryware

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales6648229171,0111,1821,3441,2091,2021,4421,796
Operating Expenses 5697047768411,0111,1531,0471,0521,2211,511
Manufacturing Costs6167674863706851105138
Material Costs307386441481563646585647681822
Employee Cost 7492111118140156160144191211
Other Costs 126159157194245281234209244340
Operating Profit 95118141171171191162150221285
Operating Profit Margin (%) 14.3%14.3%15.4%16.9%14.4%14.2%13.4%12.5%15.3%15.9%
Other Income 671011111616222337
Interest 6855534455
Depreciation 12151618222333333030
Exceptional Items 00000000-6-5
Profit Before Tax 82101129158154180141134203282
Tax 30334654546525335472
Profit After Tax 526883104100115116101149210
PAT Margin (%) 7.8%8.2%9.1%10.3%8.5%8.6%9.6%8.4%10.4%11.7%
Adjusted EPS (₹)41.052.064.279.977.188.589.277.9114.8161.2
Dividend Payout Ratio (%)12%12%14%15%16%15%15%17%30%31%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 2243524215246057007738741,0061,169
Share Capital 6777777777
Reserves 2183454155185986947668689991,163
Minority Interest0000000000
Debt42592629241815121918
Long Term Debt91450000000
Short Term Debt33452129241815121918
Trade Payables38495776789484143193210
Others Liabilities 149185242231242277254253209258
Total Liabilities 4536447478619491,0891,1261,2831,4271,656

Fixed Assets

Gross Block212288311368402445516521531556
Accumulated Depreciation607385102122139165191210236
Net Fixed Assets152215226266279305350330321320
CWIP 584051111117
Investments 124867119139212262513567669
Inventories105126132129161179204170288376
Trade Receivables107161188221268297221207164188
Cash Equivalents 3130593823102102425
Others Assets42586988747485536359
Total Assets 4536447478619491,0891,1261,2831,4271,656

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 63411161127211412326298156
PBT 82101129158154180141134203282
Adjustment 16231613191229212423
Changes in Working Capital -12-530-7-48-214136-79-77
Tax Paid -23-30-30-52-53-56-50-30-50-71
Cash Flow From Investing Activity -48-117-38-92-36-102-76-243-70-101
Capex -40-83-24-54-48-42-41-9-13-34
Net Investments -11-36-18-4311-49-37-231-67-92
Others 32451-122-2925
Cash Flow From Financing Activity -2576-48-20-34-27-53-13-21-59
Net Proceeds from Shares 07100000000
Net Proceeds from Borrowing 0000000000
Interest Paid -6-8-5-5-5-2-2-3-3-3
Dividend Paid -5-6-8-12-16-16-340-17-46
Others -1419-35-3-13-9-17-10-1-10
Net Cash Flow -10-13001-15-677-3
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)25.7323.5121.62217.7517.6315.7412.315.8919.28
ROCE (%)34.6531.430.8132.2926.8827.2219.2516.5421.7525.95
Asset Turnover Ratio1.671.561.381.321.321.321.0911.251.37
PAT to CFO Conversion(x)1.210.61.41.080.720.991.062.590.660.74
Working Capital Days
Receivable Days50576671757778654030
Inventory Days52494945444658574957
Payable Days39414451504956649090

Cera Sanitaryware Ltd Stock News

Cera Sanitaryware Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Cera Sanitaryware on 28-Mar-2024 16:01 is ₹6,804.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 28-Mar-2024 16:01 the market cap of Cera Sanitaryware stood at ₹8,941.
The latest P/E ratio of Cera Sanitaryware as of 28-Mar-2024 16:01 is 39.37.
The latest P/B ratio of Cera Sanitaryware as of 28-Mar-2024 16:01 is 7.05.
The 52-week high of Cera Sanitaryware is ₹9,782.3 and the 52-week low is ₹5,988.8.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Cera Sanitaryware is ₹1,856 ( Cr.) .

About Cera Sanitaryware Ltd

Cera Sanitaryware Limited, premium bathroom solutions provider, has been in the forefront of innovation right from its inception in 1980. Some of Cera’s innovations in the past have become benchmark for the industry-like water-saving twin-flush coupled WCs, 4-litre flush WCs, one-piece WCs, etc.

An extensive product portfolio that includes high end showers, steam cubicles, and whirlpools, besides sanitaryware and faucets, has made CERA the primary choice of customers looking for stylish products in a contemporary lifestyle.

Advanced technology has been the forte of the company. Its state-of-the-art manufacturing plant has been following the highest standards of quality with an emphasis on sustainability since its inception in 1980. The CERA plant was the first to use natural gas - the purest fuel that gives extra sheen on products.

The company endeavors to provide complete bath solutions to its customers. Pursuing this objective, CERA has launched a range of elegant faucets, designed with style and expertise. A modern facility with latest machinery like automatic CNC Machines & automatic polishing, the plant is equipped with superior technology manufactures the avant-garde collection of eco-friendly single lever faucets apart from the normal Half Turn & Quarter Turn faucets.

Business area of the company

The Company is engaged in the business of manufacturing, selling and trading of building products and is having nonconventional wind & solar power for captive use in the State of Gujarat.

Awards & Accolades

  • 2011: Cera’s Snow White has been voted Product of the Year in the sanitaryware category for 2011.
  • 2012: India’s fastest growing sanitaryware company, has once again been voted Product of the Year in the Sanitaryware & Fittings category.
  • 2012: Cera bags power brand 2012 award.
  • 2012: Superior styling, sterling performance, enduring quality and trendsetting innovation of CERA faucets now makes it the No. 1 choice of discerning consumers across the country.
  • 2013: Cera bags power brand 2012 award.
  • 2013: Cera creates cerenity and thereby a new category.
  • 2014: Cera, India’s most preferred premium home solutions brand, has been adjudged as a Trusted Brand, in a consumer survey conducted by Reader’s Digest.
  • 2014: Conformity European is a standard of measure, which is set by European committee for standardization purposes. It includes human hygiene, customer’s safety and product safety besides other parameters and it is valid across 32countries across European Union.
  • 2014: Cera, India’s most preferred home solutions provider, has bagged The Economic Times A&D Top 100 Brands award. The winning brands are voted by 4000architects and interior designers based on popularity, quality and reputation besides other parameters.
  • 2015: Cera, the fastest growing home solutions leader, has been awarded the best mid-sized company, by Nav Gujarat Samay and Times of India.
  • 2015: Cera CMD Conferred Business Knights Award.
  • 2015: Cera has bagged the Business Standard Star SME of the Year award 2015.
  • 2016: Cera was awarded Trusted Brand for both Sanitaryware and Tiles by Reader’s Digest.
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