Credit rating agency, CRISIL Research has assigned a CRISIL IER fundamental grade of 4/5 to Cera Sanitaryware. The grade indicates that the company’s fundamentals are ‘superior’ relative to other listed equity securities in India. The rating agency has also assigned a valuation grade of 4/5 to the company.
The assigned fundamental grade reflects the wide appeal of the CERA brand, established position in the organised sanitary ware industry, an extensive distribution network and stable cash flows.
Cera Sanitaryware has emerged as the third largest player in the sanitary ware industry in India. The company enjoys 24% market share in the organised segment. It has installed manufacturing capacity of 2.7 mn pieces p.a. in sanitary ware and 2,500 pieces per day in faucet ware in Kadi (Gujarat).
Company Name | CMP |
---|---|
Kajaria Ceramics | 1175.00 |
Somany Ceramics | 620.65 |
Cera Sanitaryware | 6789.15 |
Asian Granito India | 59.30 |
Pokarna | 455.15 |
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