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Last Updated on: 30 May, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Cera Sanitaryware Ltd

About the Company - Cera Sanitaryware Ltd

Cera Sanitaryware Ltd. is a Public Limited Listed company incorporated on 17/07/1998 and has its registered office in the State of Gujarat, India. Company’s Corporate Identification Number(CIN) is L26910GJ1998PLC034400 and registration number is 034400. Currently Company is involved in the business activities of Manufacture of non-metallic mineral products. Company’s Total Operating Revenue is Rs. 1441.76 Cr. and Equity Capital is Rs. 6.50 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Ceramics/Tiles/Sanitaryware9, GIDC Industrial Estate, Kadi, Mehsana Dist. Gujarat 382715kadi@cera-india.com
http://www.cera-india.com
Management
NamePosition Held
Mr. Vikram SomanyChairman & Managing Director
Mrs. Deepshikha KhaitanJoint Managing Director
Mr. Anupam GuptaExecutive Director
Mr. Ayush BaglaExecutive Director
Mr. Sajan Kumar PasariIndependent Director
Mr. Lalit Kumar BohaniaIndependent Director
Mr. Surendra Singh BaidIndependent Director
Ms. Akriti JainIndependent Director
Mr. Ravi BhamidipatyIndependent Director

Basic Stock Data of Cera Sanitaryware Ltd

Last Updated: May 15, 2024, 7:43 am

Market Cap 9,270 Cr.
Current Price 7,130
High / Low9,782/6,551
Stock P/E38.6
Book Value 1,032
Dividend Yield0.70 %
ROCE24.7 %
ROE19.1 %
Face Value 5.00
PEG Ratio2.58

Cera Sanitaryware Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales310431223393387439396414456530427461437
Expenses270368203335326356335348383445359387377
Operating Profit40632058618261667385687459
OPM %13%15%9%15%16%19%15%16%16%16%16%16%14%
Other Income826740-011148161116
Interest1111121112111
Depreciation8878887888889
Profit before tax39561756567353687783757665
Tax %25%23%25%25%25%29%25%25%27%25%25%25%22%
Net Profit29431342425240515663565751
EPS in Rs22.3733.089.9332.3632.5040.0430.4739.0043.3448.3943.3443.7439.12

Last Updated: May 5, 2024, 6:25 am

Cera Sanitaryware Ltd Quarterly Chart

Cera Sanitaryware Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales3194886648229171,0111,1821,3441,2091,2021,4421,7961,875
Expenses2664125697037768411,0141,1521,0451,0521,2201,5101,574
Operating Profit537695119141171168191164150221286301
OPM %17%16%14%14%15%17%14%14%14%12%15%16%16%
Other Income7965101114151422173249
Interest4768555344556
Depreciation891215161822233333303032
Profit before tax486882101129158154180141134203282312
Tax %34%32%37%33%36%34%35%36%18%25%27%26%
Net Profit3246526883104100115116101149210233
EPS in Rs25.3136.5241.0252.0264.1779.9477.0888.4689.1477.89114.84161.20178.81
Dividend Payout %12%11%12%12%14%15%16%15%15%17%30%31%

Cera Sanitaryware Ltd Profit & Loss Yearly Chart

Cera Sanitaryware Ltd Growth

Compounded Sales Growth
10 Years:11%
5 Years:7%
3 Years:16%
TTM:4%
Compounded Profit Growth
10 Years:17%
5 Years:16%
3 Years:34%
TTM:13%
Stock Price CAGR
10 Years:20%
5 Years:19%
3 Years:20%
1 Year:-6%
Return on Equity
10 Years:18%
5 Years:17%
3 Years:18%
Last Year:19%

Last Updated: May 15, 2024, 7:43 am

Cera Sanitaryware Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital6666666666666
Reserves1331732183454155185986947668689991,1631,210
Borrowings48614868353424183328374643
Other Liabilities108139181224290302320371320381385441442
Total Liabilities2953804536447478619491,0891,1261,2831,4271,6561,702
Fixed Assets90125152215226266279305350330321320334
CWIP1145840511111178
Investments11124867119139212262513567669738
Other Assets192249284374449475525561512440539649621
Total Assets2953804536447478619491,0891,1261,2831,4271,6561,702

Cera Sanitaryware Ltd Reserves and Borrowings Chart

Cera Sanitaryware Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 44263411161127211412326298156
Cash from Investing Activity -15-36-48-117-38-92-36-102-76-243-70-101
Cash from Financing Activity 62-2576-48-20-34-27-53-13-21-59
Net Cash Flow-59-10-130-01-15-677-3

Cera Sanitaryware Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days526259727580838167634238
Inventory Days2811601251201099810410112896154167
Days Payable5847454648585053528110493
Cash Conversion Cycle2751761391451371201361291427892112
Working Capital Days776452635553646373304349
ROCE %31%35%35%32%30%31%26%27%19%16%22%26%

Cera Sanitaryware Ltd Financial Efficiency Indicators Chart

No valid data available for the Shareholding

Cera Sanitaryware Ltd Shareholding Pattern Chart

No. of Cera Sanitaryware Ltd Shareholders

Cera Sanitaryware Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)
HSBC Small Cap Fund - Regular Plan3042202.23259.23
Canara Robeco Small Cap Fund2195812.39187.11
UTI Small Cap Fund739121.9862.98
Tata Small Cap Fund728951.0162.11
Tata Flexi Cap Fund607982.1551.81
Union Small Cap Fund341482.6429.1
Tata Ethical Fund - Regular Plan302001.3625.73
Tata India Consumer Fund300001.5625.56
Tata Retirement Savings Fund - Moderate Plan - Regular Plan282411.3624.06
Tata Retirement Savings Fund - Progressive Plan - Regular Plan270001.4923.01

Cera Sanitaryware Ltd ROCE Trend

Cera Sanitaryware Ltd EPS Trend

Cera Sanitaryware Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue5.005.005.005.005.00
Basic EPS (Rs.)161.01116.1877.4887.0888.52
Diluted EPS (Rs.)161.01116.1877.4887.0888.52
Cash EPS (Rs.)187.35142.51107.24114.80110.01
Book Value[Excl.RevalReserv]/Share (Rs.)909.79791.48679.28598.52546.87
Book Value[Incl.RevalReserv]/Share (Rs.)909.79791.48679.28598.52546.87
Revenue From Operations / Share (Rs.)1386.691111.68941.37940.881039.19
PBDIT / Share (Rs.)252.61194.05140.87141.24166.70
PBIT / Share (Rs.)227.54169.13110.45111.43145.19
PBT / Share (Rs.)219.04160.66102.97103.70138.62
Net Profit / Share (Rs.)162.27117.6076.8284.9988.50
NP After MI And SOA / Share (Rs.)161.01116.1877.4887.0888.52
PBDIT Margin (%)18.2117.4514.9615.0116.04
PBIT Margin (%)16.4015.2111.7311.8413.97
PBT Margin (%)15.7914.4510.9311.0213.33
Net Profit Margin (%)11.7010.578.169.038.51
NP After MI And SOA Margin (%)11.6110.458.239.258.51
Return on Networth / Equity (%)17.8514.8811.5614.6916.42
Return on Capital Employeed (%)23.0619.6614.2916.0522.92
Return On Assets (%)12.489.737.319.289.66
Long Term Debt / Equity (X)0.000.010.020.020.02
Total Debt / Equity (X)0.020.020.050.080.09
Asset Turnover Ratio (%)1.121.030.961.041.26
Current Ratio (X)3.242.682.422.282.02
Quick Ratio (X)2.272.011.881.511.43
Inventory Turnover Ratio (X)0.640.720.410.490.56
Dividend Payout Ratio (NP) (%)21.7311.180.0029.8513.55
Dividend Payout Ratio (CP) (%)18.809.210.0022.2410.90
Earning Retention Ratio (%)78.2788.820.0070.1586.45
Cash Earning Retention Ratio (%)81.2090.790.0077.7689.10
Interest Coverage Ratio (X)54.3247.7918.8318.2825.38
Interest Coverage Ratio (Post Tax) (X)36.7231.0511.2712.0014.47
Enterprise Value (Cr.)8314.106496.105152.103091.844020.10
EV / Net Operating Revenue (X)4.614.494.212.532.97
EV / EBITDA (X)25.3125.7428.1216.8318.54
MarketCap / Net Operating Revenue (X)4.604.474.152.452.91
Retention Ratios (%)78.2688.810.0070.1486.44
Price / BV (X)7.086.375.833.895.62
Price / Net Operating Revenue (X)4.604.474.152.452.91
EarningsYield0.020.020.010.030.02

Cera Sanitaryware Ltd Profitability Ratios (%)

Cera Sanitaryware Ltd Liquidity Ratios

Cera Sanitaryware Ltd Liquidity Ratios (%)

Cera Sanitaryware Ltd Interest Coverage Ratios (%)

Cera Sanitaryware Ltd Valuation Ratios

Fair Value

Fair Value: ₹7,661.78

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

Undervalued: 7.46% compared to the current price ₹7130

Intrinsic Value: ₹8,806.30

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 23.51% compared to the current price ₹7130

Last 5 Year EPS CAGR: 14.94%

*Investments are subject to market risks

Strength and Weakness of Cera Sanitaryware Ltd Stock

StrengthWeakness
  1. The stock has a high average ROCE of 27.50%, which is a positive sign.
  2. The company has higher reserves (623.08 cr) compared to borrowings (40.23 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (247.54 cr) and profit (153.23 cr) over the years.
  1. The stock has a high average Working Capital Days of 57.17, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 140.08, which may not be favorable.

FAQ

What is the latest fair value of Cera Sanitaryware Ltd?

The latest fair value of Cera Sanitaryware Ltd is ₹7661.78.

What is the Market Cap of Cera Sanitaryware Ltd?

The Market Cap of Cera Sanitaryware Ltd is 9,270 Cr..

What is the current Stock Price of Cera Sanitaryware Ltd as on 18 May 2024?

The current stock price of Cera Sanitaryware Ltd as on 18 May 2024 is 7,130.

What is the High / Low of Cera Sanitaryware Ltd stocks in FY 2024?

In FY 2024, the High / Low of Cera Sanitaryware Ltd stocks is ₹9,782/6,551.

What is the Stock P/E of Cera Sanitaryware Ltd?

The Stock P/E of Cera Sanitaryware Ltd is 38.6.

What is the Book Value of Cera Sanitaryware Ltd?

The Book Value of Cera Sanitaryware Ltd is 1,032.

What is the Dividend Yield of Cera Sanitaryware Ltd?

The Dividend Yield of Cera Sanitaryware Ltd is 0.70 %.

What is the ROCE of Cera Sanitaryware Ltd?

The ROCE of Cera Sanitaryware Ltd is 24.7 %.

What is the ROE of Cera Sanitaryware Ltd?

The ROE of Cera Sanitaryware Ltd is 19.1 %.

What is the Face Value of Cera Sanitaryware Ltd?

The Face Value of Cera Sanitaryware Ltd is 5.00.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Cera Sanitaryware Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE