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Cera Sanitaryware Ltd Stock Analysis

Small Cap
Evaluated by 2692 users | BSE: 532443 | NSE: CERA |
Ceramics/Marble/Granite/Sanitaryware

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...

1. Right Stock
Very Good
2. Right Price
3. Right Time

Analysis of Financial Track Record

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'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Capital Employed 21.54%19.75%23.05%21.49%20.76%19.48%20.82%16.92%16.52%14.9%
Value Creation Index 0.440.320.540.650.600.500.600.300.270.15
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 2433194886648229171,0111,1821,3441,209
Y-o-Y Gr. Rt.-31.5%52.8%36%23.8%11.6%10.3%16.9%13.7%-10%
Adjusted EPS (Rs.) 20.9924.0234.9939.9851.0762.6878.374.4683.8683.92
Y-o-Y Gr. Rt.-14.4%45.7%14.3%27.7%22.7%24.9%-4.9%12.6%0.1%
Book Value per Share (Rs.) 88.15109.98141.85176.98270.42323.71403.2465.14538.34594.27
Adjusted Net Profit 26.630.444.350.666.481.510296.8109109
Net Op. Cash Flow (Rs. Cr.) 26.8442.463.440.611611271.5114123
Debt to Cash Flow from Ops 1.4112.061.440.761.680.30.30.340.160.12
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
Cera Sanitaryware Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales 19.5%8%6.1%-10%
Adjusted EPS 16.7%10.4%2.3%0.1%
Book Value per Share 23.617.113.810.4
Share Price 36.7% 16.9% 5.5% 75.8%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Equity (%) 26.5524.2527.7925.0823.0821.121.5417.1516.7114.82
Operating Profit Margin (%) 19.4516.7115.5214.3314.4415.4216.9314.4814.2313.54
Net Profit Margin (%) 10.939.529.087.628.088.8910.078.198.129.03
Debt to Equity 0.340.340.340.220.190.080.070.040.030.02
Working Capital Days 140147132121127140143144143160
Cash Conversion Cycle 6410391818390859195105
Corporate Governance What do we look at?
Corporate Governance
Board Credentials
Promoter's holding
Transparency
Integrity
Entity Percentage Holding
Promoters 54.48%
Institutions 25.84%
Non-Institutions 19.68%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

MoneyWorks4Me analysed the past 10-year performance of Cera Sanitaryware Ltd and arrived at the following conclusion:

Past 10 year's financial track record indicates that Cera Sanitaryware Ltd is a good quality company. However, for specific investment actions please connect with your investment advisor.

The 5-year analysis of Cera Sanitaryware Ltd's performance infers:

Cera Sanitaryware Ltd earnings have grown by 10.4%, whereas share price has appreciated 16.9% CAGR over the past five years, indicating the company's share price is likely overvalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of Cera Sanitaryware Ltd share prices over the last 10 years. Here is what we found out:

Cera Sanitaryware Ltd share price has appreciated 35.8% annually over the past ten years.

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

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.
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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