Cera Sanitaryware Ltd
Incorporated in July 1998, Cera Sanitaryware Ltd is headed by Mr Vikram Somany; the company manufactures sanitaryware and faucets and outsources wellness products and tiles. The sanitaryware and faucet plants are in Kadi, Gujarat, with capacity of 36 lakh and 18.5 lakh pieces per annum, respectively.
[1]
The Company has been constantly launching new designs in Sanitaryware, Faucets and Tiles. The new designs are indigenously developed by in-house teams, after feedback from the market. This helps the Company to be seen a leader in product offerings. [2]
- Market Cap ₹ 5,180 Cr.
- Current Price ₹ 3,983
- High / Low ₹ 6,450 / 3,515
- Stock P/E 33.7
- Book Value ₹ 773
- Dividend Yield 0.50 %
- ROCE 22.0 %
- ROE 16.3 %
- Face Value ₹ 5.00
Pros
- Company is almost debt free.
- Company has been maintaining a healthy dividend payout of 20.57%
- Debtor days have improved from 57.00 to 41.54 days.
Cons
- The company has delivered a poor sales growth of 7.35% over past five years.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Ceramic Products Industry: Ceramics - Tiles / Sanitaryware
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
243 | 319 | 488 | 664 | 822 | 917 | 1,011 | 1,182 | 1,344 | 1,209 | 1,202 | 1,442 | |
196 | 266 | 412 | 569 | 703 | 776 | 841 | 1,014 | 1,152 | 1,045 | 1,052 | 1,221 | |
Operating Profit | 47 | 53 | 76 | 95 | 119 | 141 | 171 | 168 | 191 | 164 | 150 | 221 |
OPM % | 19% | 17% | 16% | 14% | 14% | 15% | 17% | 14% | 14% | 14% | 12% | 15% |
4 | 7 | 9 | 6 | 5 | 10 | 11 | 14 | 15 | 14 | 22 | 17 | |
Interest | 3 | 4 | 7 | 6 | 8 | 5 | 5 | 5 | 3 | 4 | 4 | 5 |
Depreciation | 7 | 8 | 9 | 12 | 15 | 16 | 18 | 22 | 23 | 33 | 33 | 30 |
Profit before tax | 42 | 48 | 68 | 82 | 101 | 129 | 158 | 154 | 180 | 141 | 134 | 203 |
Tax % | 36% | 34% | 32% | 37% | 33% | 36% | 34% | 35% | 36% | 18% | 25% | 27% |
Net Profit | 27 | 32 | 46 | 52 | 68 | 83 | 104 | 100 | 115 | 116 | 101 | 149 |
EPS in Rs | 20.97 | 25.31 | 36.52 | 41.02 | 52.02 | 64.17 | 79.94 | 77.08 | 88.46 | 89.14 | 77.89 | 114.84 |
Dividend Payout % | 12% | 12% | 11% | 12% | 12% | 14% | 15% | 16% | 15% | 15% | 17% | 30% |
Compounded Sales Growth | |
---|---|
10 Years: | 16% |
5 Years: | 7% |
3 Years: | 2% |
TTM: | 20% |
Compounded Profit Growth | |
---|---|
10 Years: | 17% |
5 Years: | 9% |
3 Years: | 10% |
TTM: | 53% |
Stock Price CAGR | |
---|---|
10 Years: | 32% |
5 Years: | 7% |
3 Years: | 12% |
1 Year: | 1% |
Return on Equity | |
---|---|
10 Years: | 18% |
5 Years: | 16% |
3 Years: | 15% |
Last Year: | 16% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | |
Reserves | 105 | 133 | 173 | 218 | 345 | 415 | 518 | 598 | 694 | 766 | 868 | 999 |
Borrowings | 38 | 48 | 61 | 48 | 68 | 35 | 34 | 24 | 18 | 33 | 28 | 37 |
89 | 108 | 139 | 181 | 224 | 290 | 302 | 320 | 371 | 320 | 381 | 385 | |
Total Liabilities | 239 | 295 | 380 | 453 | 644 | 747 | 861 | 949 | 1,089 | 1,126 | 1,283 | 1,427 |
78 | 90 | 125 | 152 | 215 | 226 | 266 | 279 | 305 | 350 | 330 | 321 | |
CWIP | 6 | 11 | 4 | 5 | 8 | 4 | 0 | 5 | 11 | 1 | 1 | 1 |
Investments | 8 | 1 | 1 | 12 | 48 | 67 | 119 | 139 | 212 | 262 | 513 | 567 |
146 | 192 | 249 | 284 | 374 | 449 | 475 | 525 | 561 | 512 | 440 | 539 | |
Total Assets | 239 | 295 | 380 | 453 | 644 | 747 | 861 | 949 | 1,089 | 1,126 | 1,283 | 1,427 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
27 | 4 | 42 | 63 | 41 | 116 | 112 | 72 | 114 | 123 | 262 | 98 | |
-28 | -15 | -36 | -48 | -117 | -38 | -92 | -36 | -102 | -76 | -243 | -70 | |
3 | 6 | 2 | -25 | 76 | -48 | -20 | -34 | -27 | -53 | -13 | -21 | |
Net Cash Flow | 2 | -5 | 9 | -10 | -1 | 30 | -0 | 1 | -15 | -6 | 7 | 7 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 58 | 52 | 62 | 59 | 72 | 75 | 80 | 83 | 81 | 67 | 63 | 42 |
Inventory Days | 211 | 281 | 160 | 125 | 120 | 109 | 98 | 104 | 101 | 128 | 96 | 154 |
Days Payable | 57 | 58 | 47 | 45 | 46 | 48 | 58 | 50 | 53 | 52 | 81 | 74 |
Cash Conversion Cycle | 213 | 275 | 176 | 139 | 145 | 137 | 120 | 136 | 129 | 142 | 78 | 122 |
Working Capital Days | 59 | 84 | 68 | 55 | 67 | 59 | 55 | 64 | 63 | 73 | 30 | 170 |
ROCE % | 34% | 31% | 35% | 35% | 32% | 30% | 31% | 26% | 27% | 19% | 16% | 22% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
18 May - Copies of Newspaper Advertisement regarding notice to the Shareholders for transfer of all shares in respect of which dividend has not been paid or claimed …
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
16 May - With reference to our letter CSL/2022-23/60 dated 28th April, 2022, intimating you about the Q4 FY2022 Earnings Conference Call held on 11th May, 2022, please …
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Compliances-Reg.24(A)-Annual Secretarial Compliance
13 May - Circular No. CIR/CFD/CMD1/27/2019 dated 8th February, 2019, we enclosed herewith Annual Secretarial Compliance Report for the year ended on 31st March, 2022 issued by Parikh …
- Audio Recording Of Q4 FY2022 Earnings Conference Call Held On 11Th May, 2022 11 May
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Announcement under Regulation 30 (LODR)-Newspaper Publication
11 May - Copies of Extract of Standalone and Consolidated Audited Financial Results for the quarter and year ended 31.03.2022 as published in English daily 'BUSINESS STANDARD, AHMEDABAD' …
Annual reports
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2011
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Financial Year 2010
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Financial Year 2010
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Strong brand
The company has established presence in the sanitary ware industry through its ‘CERA’ brand and is positioned as the 2nd largest player in organized domestic sanitary-ware industry with 25% market share. Its growth has been aided by its strong marketing & distribution setup and it is the most profitable player in its industry. [1]