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Cera Sanitaryware Ltd share Price

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6M Return 46.42%
1Y Return 84.94%
Mkt Cap.(Cr) 10,069.77
Volume 14,025
Div Yield 0.65%
OI Chg %
Volume 14,025

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Cera Sanitaryware Ltd.

Q4FY23 Quarterly & FY23 Annual Result Announced for Cera Sanitaryware Ltd.

Furniture-Furnishing-Paints company Cera Sanitaryware announced Q4FY23 & FY23 results:

  • Q4FY23 vs Q4FY22:
    • Revenue from operations (net of taxes): Rs 5,304 million vs Rs 4,387 million, up 20.9%
    • EBITDA (excluding other income): Rs 851 million vs Rs 824 million, up 3.3%
      • % of sales: 16.0% vs 18.8%, down 280 bps
    • PAT: Rs 629 million vs Rs 521 million, up 20.7%
      • % of sales: 11.9% vs 11.9%, 0 bps YoY
    • EPS diluted: Rs 48.39 vs Rs 40.04, up 20.7%
  • FY23 vs FY22:
    • Revenue from operations (net of taxes): Rs 17,962 million vs Rs 14,418 million, up 24.6%
    • EBITDA (excluding other income): Rs 2,851 million vs Rs 2,212 million, up 28.9%
      • % of sales: 15.9% vs 15.3%, up 60 bps
    • PAT: Rs 2,097 million vs Rs 1,494 million, up 40.4%
      • % of sales: 11.7% vs 10.4%, up 130 bps
    • EPS diluted: Rs 161.20 vs Rs 114.84, up 40.4%

Commenting on the performance, Vikram Somany, Chairman & Managing Director, said, “We are pleased to report our best ever quarterly performance in Q4FY23 with revenues of Rs 530 crore and PAT of Rs 63 crore. For FY23 the topline was Rs 1,796 crore an increase of 24.6% over FY22’s topline of Rs 1,442 crore. EBITDA for FY23 was Rs 323 crore an increase of 32% over FY22’s EBITDA of Rs 244 crore. Profit after tax for FY23 was Rs 210 crore an increase of 41% over FY22 at 149 crore. ROCE has increased from 19.64% to 23.13% an increase of 18%. This has been achieved even though Rs 687 crore has been parked in safe instruments yielding lower returns. Our sanitaryware and faucet ware divisions, which made up 53% and 35% of our Q4FY23 revenue respectively, registered 18% and 29% revenue growth respectively, on a y-o-y basis.

We have focused on driving an improved product mix with new products comprising products launched over the last 3 years representing 34% of the turnover in Q4FY23. Efforts to improve productivity at our plants combined with cost optimization measures have elevated our EBITDA margin in a sustainable manner.

Further, we have made considerable progress on initiatives to further solidify our business performance. Our retailer loyalty program has made considerable progress with over 1.46 lakh invoices uploaded by over 14,600 retailers providing CERA with rich data and insights into end consumer buying patterns. Cash and cash equivalents were Rs 687 crore as of March 31, 2023.

As earnings have grown, the Board of Directors has recommended an increased dividend of Rs 50 per share which equates to 1000% of face value. This is higher than the combined dividend of Rs 35 per share, equating to 700% of the face value distributed in FY22.

Looking ahead, we are confident that our diverse product offerings, extensive distribution network, well-established brand recognition, strong financial standing, and expansion plans will enable us to achieve sustained growth in our key business segments.

We are also pleased to report that the company made notable progress in expanding the production capabilities of its faucet ware division. We are confident that our faucet ware capacity expansion project will be completed well on schedule. Progress was made in the due diligence for a suitable land parcel for the new Sanitaryware facility.”


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Operating Profit
Profit after Tax
Reserves and Surplus
Operating Profit
Profit after Tax

Cera Sanitaryware Ltd Stocks COMPARISION


Equity Capital: 1,015.15 Cr FV: 5.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 6,206.94 33,704.16
LAST 3M 18,301.56 58,999.00
LAST 6M 64,412.59 43,706.77
LAST 12M 118,019.00 92,784.99

Cera Sanitaryware Ltd Information

Stock PE (TTM)
Promoter Holding
Book Value
  • 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) : Aug
Face Value Equity Shares : 5
Market Lot Equity Shares : 1
BSE Code : 532443
Book Closure Date (Month) : Jul
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 07, 2023 03:55 PM the closing price of Cera Sanitaryware Ltd was ₹ 7,742.40.

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 07, 2023 03:55 PM, the market cap of Cera Sanitaryware Ltd stood at ₹ 10,069.77.

The latest PE ratio of Cera Sanitaryware Ltd as of Jun 07, 2023 03:55 PM is 47.04

The latest PB ratio of Cera Sanitaryware Ltd as of Jun 07, 2023 03:55 PM is 0.12

The 52-week high of Cera Sanitaryware Ltd is ₹ 7,849.90 while the 52-week low is ₹ 3,950.00

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