Cera Sanitaryware is currently trading at Rs 420.25, up by 5.75 points or 1.39% from its previous closing of Rs 414.50 on the BSE.
The scrip opened at Rs 420.00 and has touched a high and low of Rs 422.70 and Rs 418.00 respectively. So far 267 shares were traded on the counter.
The BSE group 'B' stock of face value Rs 5 has touched a 52 week high of Rs 463.15 on 10-Jan-2013 and a 52 week low of Rs 186.00 on 03-Feb-2012.
Last one week high and low of the scrip stood at Rs 429.95 and Rs 405.35 respectively. The current market cap of the company is Rs 531.76 crore.
The promoters holding in the company stood at 55.40% while Institutions and Non-Institutions held 5.95% and 38.65% respectively.
Cera Sanitaryware, country’s third-largest player in the sanitaryware products market, has earmarked capex of Rs 150 crore for expanding its manufacturing capacities in the next two to three years. The rolling plan will include scaling up the production of sanitaryware from the current 2.7 million pieces to 3 million pieces a year. Besides, it would also augment the capacity of faucets manufacturing from the present 2,500 pieces to 10,000 units a day at its facility in Kadi, Gujarat. The company plans to fund the expansion through internal accruals.
The company’s net profit for third quarter ended December 31, 2012 grew by 51.13% rise in its at Rs 12 crore as compared to Rs 7.94 crore for the same quarter in the previous year. Total income of the company has increased by 55.20% at Rs 128.01 crore for quarter under review as compared to Rs 82.48 crore for the quarter ended December 31, 2011.
Cera Sanitaryware is a pioneer in the sanitaryware segment in India. Its manufacturing facility is located at Kadi in the Mehsana district of Gujarat.
| Company Name | CMP |
|---|---|
| Kajaria Ceramics | 1178.20 |
| Somany Ceramics | 441.15 |
| Cera Sanitaryware | 5332.20 |
| Asian Granito India | 75.34 |
| Pokarna | 928.60 |
| View more.. | |
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