Cera Sanitaryware Ltd Stock Analysis

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

BSE Share Price 23-Sep-2022 18:01
5644.75 -132.90 (-2.30%)

DeciZen - Make an Informed Decision on Cera Sanitaryware

Overall Rating

1. Quality

2. Valuation

Somewhat overvalued

3. Price Trend

Cera Sanitaryware Price Chart

P/E Ratio (SA) :
41.70
Market Cap :
7,341.5 Cr.
52-wk low :
3,518.6
52-wk high :
6,430.5
Bole Toh?

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 Strong which suggest that the price of Cera Sanitaryware Ltd is likely to Rise 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'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
ROCE % 23.1%21.5%20.8%19.5%21.2%17.4%17.5%16%12.4%15.9%-
Value Creation Index 0.70.50.50.40.50.20.30.1-0.10.2-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 4886648229171,0111,1821,3441,2091,2021,4421,615
YoY Gr. Rt. %-36%23.8%11.6%10.3%16.9%13.7%-10%-0.6%20%-
Adj EPS 354051.162.779.976.588.89077.6114.3135.4
YoY Gr. Rt. %-14.3%27.7%22.7%27.5%-4.2%16.1%1.4%-13.8%47.4%-
BVPS (₹) 141.9177270.4323.7403.2465.1538.3594.3672.3773.3803.8
Adj Net Profit 44.350.666.481.510499.5115117101149176
Cash Flow from Ops. 42.463.440.611611271.511412326297.9-
Debt/CF from Ops. 1.40.81.70.30.30.30.20.10.10.2-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 12.8%7.4%2.4%20%
Adj EPS 14.1%7.4%8.8%47.4%
BVPS 20.713.912.815
Share Price 32.5% 12% 27.4% 13.1%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on Equity % 27.825.123.121.12217.617.715.912.315.817.2
Op. Profit Mgn % 15.514.314.415.416.914.514.213.512.515.416.3
Net Profit Mgn % 9.17.68.18.910.38.48.69.78.410.310.9
Debt to Equity 0.30.20.20.10.100000-
Working Cap Days 1321211271401431441431601431180
Cash Conv. Cycle 9181839085919510581650

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 17.20%

Sales growth is good in last 4 quarters at 31.97%

Sales growth has been subdued in last 3 years 2.38%

Net Profit has been subdued in last 3 years 8.79%

Latest Financials - Cera Sanitaryware Ltd.

Standalone Consolidated
TTM EPS (₹) 135.4 137.2
TTM Sales (₹ Cr.) 1,615 1,615
BVPS (₹.) 803.8 811.2
Reserves (₹ Cr.) 1,039 1,049
P/BV 7.02 6.99
PE 41.70 41.33
From the Market
52 Week Low / High (₹) 3518.60 / 6430.45
All Time Low / High (₹) 3.25 / 6430.45
Market Cap (₹ Cr.) 7,341
Equity (₹ Cr.) 6.5
Face Value (₹) 5
Industry PE 32

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 (%)

News

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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