Is Cera Sanitaryware a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Cera Sanitaryware Ltd is a good quality company .

Is Cera Sanitaryware 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 .

What is Cera Sanitaryware share price return in the past 10 years?

Cera Sanitaryware Ltd share price has appreciated 14.9% annually (CAGR) over the past ten years.

Is Cera Sanitaryware a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Cera Sanitaryware Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

Cera Sanitaryware Ltd - Stock Valuation and Financial Performance

Name: Cera Sanitaryware
Brand: Cera Sanitaryware

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

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Cera Sanitaryware Share Price

₹6,947.45 -182.30 -2.56%
as on 21-Nov'24 16:59

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

Standalone Basis ^P Consolidated Basis ^P

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
ROCE % ⓘ	31.4%	30.8%	32.3%	26.9%	27.2%	19.3%	16.5%	21.8%	26%	25.1%	-
Value Creation Index ⓘ	1.2	1.2	1.3	0.9	0.9	0.4	0.2	0.6	0.9	0.9	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	822	917	1,011	1,182	1,344	1,209	1,202	1,442	1,803	1,871	1,871
Sales YoY Gr.	-	11.6%	10.3%	16.9%	13.7%	-10%	-0.6%	20%	25.1%	3.8%	-
Adj EPS ⓘ	51.1	62.7	79.9	76.5	88.8	90	77.6	117.4	162.3	182.7	186.8
YoY Gr.	-	22.7%	27.5%	-4.2%	16.1%	1.4%	-13.8%	51.4%	38.2%	12.6%	-
BVPS (₹) ⓘ	270.4	323.7	403.2	465.1	538.3	594.3	672.3	773.3	899	1,032.3	945.6
Adj Net Profit ⓘ	66.4	81.5	104	99.5	115	117	101	153	211	238	241
Cash Flow from Ops. ⓘ	40.6	116	112	71.5	114	123	262	97.9	156	228	-
Debt/CF from Ops. ⓘ	1.7	0.3	0.3	0.3	0.2	0.1	0.1	0.2	0.1	0.1	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	9.6%	6.9%	15.9%	3.8%
Adj EPS ⓘ	15.2%	15.5%	33.1%	12.6%
BVPSⓘ	16.1%	13.9%	15.4%	14.8%
Share Price	14.9%	23.1%	9%	-18.5%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Return on Equity % ⓘ	23.1	21.1	22	17.6	17.7	15.9	12.3	16.2	19.4	18.9	18.9
Op. Profit Mgn % ⓘ	14.4	15.4	16.9	14.5	14.2	13.5	12.5	15.4	16.3	15	14.8
Net Profit Mgn % ⓘ	8.1	8.9	10.3	8.4	8.6	9.7	8.4	10.6	11.7	12.7	12.9
Debt to Equity ⓘ	0.2	0.1	0.1	0	0	0	0	0	0	0	0
Working Cap Days ⓘ	127	140	143	144	143	160	143	99	96	103	117
Cash Conv. Cycle ⓘ	83	90	85	91	95	105	81	42	40	47	84

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 18.90%

Sales growth is growing at healthy rate in last 3 years 15.91%

Net Profit is growing at healthy rate in last 3 years 33.05%

Sales growth is not so good in last 4 quarters at -0.54%

Latest Financials - Cera Sanitaryware Ltd.

	Standalone	Consolidated
TTM EPS (₹)	186.8	186.7
TTM Sales (₹ Cr.)	1,871	1,881
BVPS (₹.) ⓘ	945.6	948.1
Reserves (₹ Cr.) ⓘ	1,213	1,216
P/BV ⓘ	7.54	7.52
PE ⓘ	38.16	38.18

From the Market
52 Week Low / High (₹)	6551.25 / 11499.65
All Time Low / High (₹)	3.25 / 11499.65
Market Cap (₹ Cr.)	9,196
Equity (₹ Cr.)	6.5
Face Value (₹)	5
Industry PE ⓘ	42.2

Management X-Ray of Cera Sanitaryware:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of Cera Sanitaryware

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Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of Cera Sanitaryware

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Sales	822	917	1,011	1,182	1,344	1,209	1,202	1,442	1,803	1,871
Operating Expenses ⓘ	704	776	841	1,011	1,153	1,047	1,052	1,221	1,511	1,591
Manufacturing Costs	67	67	48	63	70	68	51	105	138	109
Material Costs	386	441	481	563	646	585	647	681	822	882
Employee Cost	92	111	118	140	156	160	144	191	211	228
Other Costs ⓘ	159	157	194	245	281	234	209	244	340	372
Operating Profit ⓘ	118	141	171	171	191	162	150	221	292	280
Operating Profit Margin (%)	14.3%	15.4%	16.9%	14.4%	14.2%	13.4%	12.5%	15.3%	16.2%	15.0%
Other Income ⓘ	7	10	11	11	16	16	22	23	30	75
Interest ⓘ	8	5	5	5	3	4	4	5	5	5
Depreciation ⓘ	15	16	18	22	23	33	33	30	30	34
Exceptional Items ⓘ	0	0	0	0	0	0	0	-6	-5	-2
Profit Before Tax ⓘ	101	129	158	154	180	141	134	203	282	314
Tax ⓘ	33	46	54	54	65	25	33	54	72	75
Profit After Tax	68	83	104	100	115	116	101	149	210	239
PAT Margin (%)	8.2%	9.1%	10.3%	8.5%	8.6%	9.6%	8.4%	10.4%	11.6%	12.8%
Adjusted EPS (₹)	52.0	64.2	79.9	77.1	88.5	89.2	77.9	114.8	161.2	183.9
Dividend Payout Ratio (%)	12%	14%	15%	16%	15%	15%	17%	30%	31%	33%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Shareholders Fund	352	421	524	605	700	773	874	1,006	1,169	1,343
Share Capital ⓘ	7	7	7	7	7	7	7	7	7	7
Reserves ⓘ	345	415	518	598	694	766	868	999	1,163	1,336
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	59	26	29	24	18	15	12	19	18	16
Long Term Debt	14	5	0	0	0	0	0	0	0	0
Short Term Debt	45	21	29	24	18	15	12	19	18	16
Trade Payables	49	57	76	78	94	84	143	193	210	182
Others Liabilities ⓘ	185	242	231	242	277	254	253	209	258	284
Total Liabilities ⓘ	644	747	861	949	1,089	1,126	1,283	1,427	1,656	1,825
Fixed Assets
Gross Block	288	311	368	402	445	516	521	531	549	612
Accumulated Depreciation	73	85	102	122	139	165	191	210	229	258
Net Fixed Assetsⓘ	215	226	266	279	305	350	330	321	320	354
CWIP ⓘ	8	4	0	5	11	1	1	1	17	13
Investmentsⓘ	48	67	119	139	212	262	513	567	669	807
Inventories	126	132	129	161	179	204	170	288	376	359
Trade Receivables	161	188	221	268	297	221	207	164	188	201
Cash Equivalents	30	59	38	23	10	2	10	24	25	34
Others Assetsⓘ	58	69	88	74	74	85	53	63	59	57
Total Assets ⓘ	644	747	861	949	1,089	1,126	1,283	1,427	1,656	1,825

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	41	116	112	72	114	123	262	98	156	228
PBT ⓘ	101	129	158	154	180	141	134	203	282	314
Adjustment ⓘ	23	16	13	19	12	29	21	24	22	-25
Changes in Working Capital ⓘ	-53	0	-7	-48	-21	4	136	-79	-77	14
Tax Paid ⓘ	-30	-30	-52	-53	-56	-50	-30	-50	-71	-76
Cash Flow From Investing Activity ⓘ	-117	-38	-92	-36	-102	-76	-243	-70	-101	-140
Capex	-83	-24	-54	-48	-42	-41	-9	-13	-34	-61
Net Investments	-36	-18	-43	11	-49	-37	-231	-67	-92	-83
Others ⓘ	2	4	5	1	-12	2	-2	9	25	4
Cash Flow From Financing Activityⓘ	76	-48	-20	-34	-27	-53	-13	-21	-59	-80
Net Proceeds from Shares ⓘ	71	0	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	0	0	0	0	0	0	0	0	0	0
Interest Paid ⓘ	-8	-5	-5	-5	-2	-2	-3	-3	-3	-3
Dividend Paid ⓘ	-6	-8	-12	-16	-16	-34	0	-17	-46	-65
Others ⓘ	19	-35	-3	-13	-9	-17	-10	-1	-10	-12
Net Cash Flow ⓘ	-1	30	0	1	-15	-6	7	7	-3	8

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	23.51	21.6	22	17.75	17.63	15.74	12.3	15.89	19.28	19.04
ROCE (%)	31.4	30.81	32.29	26.88	27.22	19.25	16.54	21.75	25.95	25.09
Asset Turnover Ratio	1.56	1.38	1.32	1.32	1.32	1.09	1	1.25	1.38	1.26
PAT to CFO Conversion(x)	0.6	1.4	1.08	0.72	0.99	1.06	2.59	0.66	0.74	0.95
Working Capital Days
Receivable Days	57	66	71	75	77	78	65	40	30	32
Inventory Days	49	49	45	44	46	58	57	49	57	61
Payable Days	41	44	51	50	49	56	64	90	90	81

Cera Sanitaryware Ltd Stock News

Cera Sanitaryware Ltd FAQs

What is the share price of Cera Sanitaryware?

Company share prices are keep on changing according to the market conditions. The closing price of Cera Sanitaryware on 21-Nov-2024 16:59 is ₹6,947.5.

What is the market cap of Cera Sanitaryware?

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 21-Nov-2024 16:59 the market cap of Cera Sanitaryware stood at ₹9,195.6.

What is the P/E ratio of Cera Sanitaryware?

The latest P/E ratio of Cera Sanitaryware as of 21-Nov-2024 16:59 is 38.16.

What is the P/B ratio of Cera Sanitaryware?

The latest P/B ratio of Cera Sanitaryware as of 21-Nov-2024 16:59 is 7.54.

What is the 52-week high and low of Cera Sanitaryware?

The 52-week high of Cera Sanitaryware is ₹11,499.7 and the 52-week low is ₹6,551.3.

What is the TTM revenue of Cera Sanitaryware?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Cera Sanitaryware is ₹1,871 ( Cr.) .

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.