Credit rating agency, CRISIL IER Independent Equity Research has assigned a Fundamental Grade of ‘4/5’ indicating superior fundamentals to Cera Sanitaryware. The credit rating agency has also assigned Valuation Grade of ‘3/5’ indicating 10% upside/downside from the current market price (CMP).
Cera Sanitaryware has emerged as the third largest player in the sanitary ware industry in India. The company holds 23% market share in the organized segment. The manufacturing plants for sanitary ware and faucet ware are located in Kadi in Gujarat.
