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Cera Sanitaryware Ltd share Price Today

Company details

8,850.10
9,450.00
6,591.20
9,740.00
6M Return 12.90%
1Y Return 14.89%
Mkt Cap.(Cr) 11,890.41
Volume 139,900
Div Yield 0.66%
OI
-
OI Chg %
-
Volume 139,900

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Furniture-Furnishing Paints company Cera Sanitaryware announced Q3FY24 & 9MFY24 results:

Standalone Q3FY24:

  • Revenue from Operations (Net of Taxes): Rs 4,367 million in Q3FY24 compared to Rs 4,557 million in Q3FY23, showing a decrease of 4.2%.
  • EBITDA (Excluding Other Income): Rs 594 million in Q3FY24 compared to Rs 729 million in Q3FY23, indicating a decrease of 18.5%.
    • EBITDA Margin: 13.6% in Q3FY24 compared to 16.0% in Q3FY23, reflecting a decrease of 240 basis points.
  • Profit After Tax (PAT): Rs 509 million in Q3FY24 compared to Rs 564 million in Q3FY23, representing a decrease of 9.7%.
    • PAT Margin: 11.7% in Q3FY24 compared to 12.4% in Q3FY23, indicating a decrease of 70 basis points.
  • EPS Diluted: Rs 39.12 in Q3FY24 compared to Rs 43.34 in Q3FY23, showing a decrease of 9.7%.

Standalone 9MFY24:

  • Revenue from Operations (Net of Taxes): Rs 13,246 million for 9MFY24 compared to Rs 12,656 million for 9MFY23, indicating a growth of 4.7%.
  • EBITDA (Excluding Other Income): Rs 2,022 million for 9MFY24 compared to Rs 2,001 million for 9MFY23, showing a slight increase of 1.1%.
    • EBITDA Margin: 15.3% for 9MFY24 compared to 15.8% for 9MFY23, reflecting a decrease of 50 basis points.
  • Profit After Tax (PAT): Rs 1,641 million for 9MFY24 compared to Rs 1,467 million for 9MFY23, indicating a growth of 11.9%.
    • PAT Margin: 12.4% for 9MFY24 compared to 11.6% for 9MFY23, showing an increase of 80 basis points.
  • EPS Diluted: Rs 126.21 for 9MFY24 compared to Rs 112.81 for 9MFY23, representing a growth of 11.9%.

Commenting on the performance, Vikram Somany, Chairman & Managing Director, said, “Revenues in Q3FY24 decreased by 4.2% YoY, totaling Rs 4,367 million, while profit after tax experienced a 9.7% YoY decline, amounting to Rs. 509 million. Our sanitaryware and faucet ware divisions, contributing 52% and 36% to our Q3FY24 revenue, witnessed a decrease of 8% and increase of 5%, respectively.

This quarter’s performance was marked by a challenging market-led slowdown characterized by subdued demand across key markets. Despite these challenges, the Company remains confident in its strong fundamentals and maintains optimism in its overall growth outlook. Our commitment to strategic initiatives, particularly the focus on premiumization, played a pivotal role in navigating this period. We remain dedicated to optimizing our operations and fostering growth in the face of varying market conditions.

Our recently commissioned brownfield faucetware capacity, operational since the previous quarter, is demonstrating positive performance.

A recent notable achievement was the acquisition of a substantial portion of land for our upcoming state-of-the-art sanitaryware facility in Gujarat. We are enthusiastic about this upcoming addition to our infrastructure, emphasizing our commitment to broadening our portfolio of value-added products. These products will be exclusively manufactured within our facility, leveraging advanced technical capabilities and adhering to rigorous quality standards. While we will continue to outsource low-end products, typically those that do not require specialized expertise, this strategic approach ensures that our commitment to excellence remains focused on in-house production for more intricate and sophisticated offerings.

As we move forward, Cera is strategically positioned to capitalize on its strengths, ensuring they not only navigate macro-led challenges but also foster sustained growth for all stakeholders.”

 

Result PDF

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Cera Sanitaryware Ltd shares SWOT Analysis

Strengths (14)

  • Strong Momentum: Price above short, medium and long term moving averages
  • Rising Net Cash Flow and Cash from Operating activity
  • Strong QoQ EPS Growth in recent results

Weakness (1)

  • MFs decreased their shareholding last quarter

Opportunity (1)

  • Negative to Positive growth in Sales and Profit with Strong Price momentum

Threats (1)

  • High PE (PE > 40)

Resistance and support

R1 9,444.8
R2 9,747.4
R3 10,044.7
Pivot

9,147.45

S1 8,844.9
S2 8,547.6
S3 8,245.0
EMA SMA
7,785.5
7,458.0
7,477.7
7,527.5
7,553.0
7,271.7
7,378.2
7,907.9
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
GRANDEUR PEAK GLOBAL TRUST GRANDEUR PEAK INTERNATIONAL OPPORTUNITIES FUND Block Purchase 2023-10-20 9086.1 31552 BSE
GRANDEUR PEAK GLOBL TRUST GP EMERGING MARKETS OPPORTUNITIES FUND Block Purchase 2023-10-20 9086.1 29843 BSE
GRANDEUR PEAK GLOBAL TRUST GRANDEUR PEAK GLOBAL OPPORTUNITIES FUND Block Purchase 2023-10-20 9086.1 28284 BSE
Name Category Shares
SMITI SOMANY PROMOTER 10.32%
VIKRAM SOMANY PROMOTER 7.27%
DEEPSHIKHA KHAITAN PROMOTER 2.61%
POOJA JAIN SOMANY PROMOTER 1.54%
VIKRAM INVESTMENT COMPANY PRIVATE LIMITED PROMOTER 22.3%
REKHA COMMERCIAL PRIVATE LIMITED PROMOTER 4.09%
TRISURE PROMOTIONS & TRADINGS PRIVATE LIMITED PROMOTER 3.72%
SUVINAY TRADING & INVESTMENT CO. LTD. PROMOTER 2.48%

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

Cera Sanitaryware Ltd Stocks COMPARISON

Financials( in Cr) Cera Sanitaryware Ltd Kajaria Ceramics Ltd Somany Ceramics Ltd Asian Granito India Ltd Orient Bell Ltd
Price 9,142.25 1,399.75 779.50 77.00 406.35
% Change 0.57 3.57 4.95 1.56 9.07
Mcap Cr 11,890.41 22,292.14 3,196.26 975.94 592.86
Revenue TTM Cr 1,879.41 4,381.93 2,479.06 1,562.72 717.56
Net Profit TTM Cr 241.32 346.20 66.92 -86.91 22.49
PE TTM 49.68 52.81 32.53 0.00 0.00
1 Year Return 14.89 8.61 10.15 59.75 -23.78
ROCE 24.11 19.77 10.06 -6.56 9.96
ROE 19.16 15.56 8.84 -7.99 7.56
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 1,345.78 Cr FV: 5.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 34,603.75 11,365.18
LAST 3M 103,254.09 -13,985.70
LAST 6M 182,650.74 -3,739.19
LAST 12M 295,819.56 101,589.49
Cera Sanitaryware Limited - Loss of Share Certificates

Jun 24, 2024 l NSE Announcement

Cera Sanitaryware Limited - Updates

Jun 18, 2024 l NSE Announcement

Date Action Type Ratio
Jun 25, 2024 Dividend 1200
Jun 20, 2023 Dividend 1000
Jun 13, 2022 Dividend 400

Cera Sanitaryware Ltd Information

Stock PE (TTM)
49.68
Promoter Holding
54.48%
Book Value
1034.7531
ROCE
24.11%
ROE
19.16%
Description
  • Cera Sanitaryware Ltd. is a leader in the sanitaryware segment in India. It has launched a wide range of bath suite concepts, with a product portfolio comprising wash basins, bathtubs, shower cubicles, shower panels, whirlpools, shower temples, etc. It was incorporated in 1998, with its headquarters in Gujarat. During FY 2021-2022, the company had a total revenue of Rs 1,469.48 crore, up 17.61% from the previous financial year, 2020-2021. On 20 October 2022, Cera Sanitaryware Ltd.’s market capitalisation stood at Rs 7,252 crore.

    The company is listed on the Bombay Stock Exchange with the code 532443, and on the National Stock Exchange with the code CERA. It is also listed on the MCX Stock Exchange and the Calcutta Stock Exchange.

    Cera Sanitaryware Ltd. sells its products through the brand name Cera Bath Studios. The product collection also includes kitchen sinks, seat covers, plastic cisterns, a variety of taps, and urinals, along with a range of tiles, namely Cheviot, Sarga, Columbia, Romanza, Dolce, Taos, Camelia, etc.

    On 30 June 2022, the company’s shareholding pattern indicated a 54.48% promoter stake, an 18.34% FII stake, a 10.6% DII stake, and a 16.59% public stake. Vikram Investment Company Pvt Ltd. is the leading promoter with a 22.3% share. In the June 2022 quarter, mutual funds increased holdings from 9.97% to 10.59%, while FII/FPI decreased holdings from 19.92% to 18.34%.

    Mr Vikram Somany is the chairman and managing director of Cera Sanitaryware Ltd. Mrs Deepshikha Khaitan is the joint managing director. The other board of directors include Mr Anupam Gupta, Mr Sajan Kumar Pasari, Mr Ayush Bagla, Mr Lalit Kumar Bohania, Mr Surendra Singh Baid, Mr Ravi Bhamidipaty, and Ms Akriti Jain. The company’s auditors are N M Nagri & Co. As of 30 June 2022, the company had a total of 1.30 crore shares outstanding.

    On 20 October 2022, the company’s share price was trending at Rs 5,495 on BSE and Rs 5,507 on NSE. The share touched a 52-week high of Rs 6,275 and a 52-week low of Rs 3,518.60. The shares’ six-month return to investors was 22.08%, and the one-year return was -12.76%.

    The company’s peers include Kajaria Ceramics Ltd., Pokarna Ltd., Orient Bell Ltd., and Somany Ceramics Ltd.


    Disclaimer: ICICI Securities Ltd. (I-Sec). Registered office of I-Sec is at ICICI Securities Ltd. - ICICI Venture House, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025, India, Tel No : 022 - 6807 7100. I-Sec is a Member of National Stock Exchange of India Ltd (Member Code :07730), BSE Ltd (Member Code :103) and Member of Multi Commodity Exchange of India Ltd. (Member Code: 56250) and having SEBI registration no. INZ000183631. Name of the Compliance officer (broking): Mr. Anoop Goyal, Contact number: 022-40701000, E-mail address: complianceofficer@icicisecurities.com. Investment in securities market are subject to market risks, read all the related documents carefully before investing. The contents herein above shall not be considered as an invitation or persuasion to trade or invest. I-Sec and affiliates accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon. The contents herein above are solely for informational purpose and may not be used or considered as an offer document or solicitation of offer to buy or sell or subscribe for securities or other financial instruments or any other product. Investors should consult their financial advisers whether the product is suitable for them before taking any decision. The contents herein mentioned are solely for informational and educational purpose.

No Data Found

AGM Date (Month) : Jul
Face Value Equity Shares : 5
Market Lot Equity Shares : 1
BSE Code : 532443
NSE Code : CERA
Book Closure Date (Month) : Jun
BSE Group : A
ISIN : INE739E01017

FAQ’s on Cera Sanitaryware Ltd Shares

You can buy Cera Sanitaryware Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Cera Sanitaryware Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Jun 24, 2024 03:59 PM the closing price of Cera Sanitaryware Ltd was Rs.9,142.25.

The latest PE ratio of Cera Sanitaryware Ltd as of Jun 24, 2024 03:59 PM is 49.68

The latest PB ratio of Cera Sanitaryware Ltd as of Jun 24, 2024 03:59 PM is 0.11

The 52-week high of Cera Sanitaryware Ltd share price is Rs. 9,740.00 while the 52-week low is Rs. 6,591.20

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 Jun 24, 2024 03:59 PM, the market cap of Cera Sanitaryware Ltd stood at Rs. 11,890.41 Cr.

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