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Cera Sanitaryware

CERA
Small Cap
(%) 1D
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1D1W1M3M6M1YMAX

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Cera Sanitaryware Share price and Fundamental Analysis

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Cera Sanitaryware Ltd. (formerly Madhusudan Oils and Fats Limited) was incorporated on July 17th, 1998. The Company's main product lines are Sanitaryware, Faucetsware and Bathware. Presently, the Company is engaged in the business of manufacturing, selling and trading of building products and is having non-conventional wind & solar power for captive use in the State of Gujarat.
Company Incorporation1998
ChairmanVikram Somany
Head QuartersNA
Previous NameNA

Key Metrics

Market Cap (Cr)
8,568.86
PE Ratio
34.6
Industry P/E
58.16
PEG Ratio
9.68
ROE
18.21%
ROCE
21.93%
ROA
13.35%
Total Debt (Cr)
63.44
Debt to Equity
0.05
Dividend Yield
0.98%
EPS
190.41
Book Value & P/B
1038.29 x 6.35
Face Value
5
Outstanding Shares(Cr)
1.3
Current Ratio
4.1
EV to Sales
4.47

Included In

+More

Stock Returns

1 Week+2.59%
1 Month+24.01%
6 Months-16.29%
1 Year-8.61%
3 Years+60.21%
5 Years+202.11%

CAGR

1 Year CAGR

Revenue Growth

+4.21%

Net Profit Growth

+14.34%

Operating Profit Growth

+11.65%

Dividend Growth

+20%

Stock Returns CAGR

-8.61%
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3.5
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Adj EPS in Rs - Basic

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Mar 25

Promoters : 54.41%

FIIs : 20.59%

DIIs : 6.93%

Public : 18.07%

Promoter
FII/FPI
DII
Public
Promoter Pledge stands at 0.0% of holding in March 2025 Qtr
DII Shareholding Increased by 0.67% to 6.93% in March 2025 Qtr
FII Shareholding Decreased by 1.58% to 20.59% in March 2025 Qtr

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Dividend History

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Cera Sanitaryware Management and History

Company Management

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Company History

Cera Sanitaryware Ltd. (formerly Madhusudan Oils and Fats Limited) was incorporated on July 17th, 1998. The Company's main product lines are Sanitaryware, Faucetsware and Bathware. Presently, the Company is engaged in the business of manufacturing, selling and trading of building products and is having non-conventional wind & solar power for captive use in the State of Gujarat.

During 2002-03, the company introduced a water saver EWC.

Cera Sanitaryware discontinued its Fixed Deposit Scheme from the Financial Year 2012-13.

During the year ended 31 March 2014, Cera Sanitaryware expanded its annual production capacity of sanitaryware to 2.7 Mn. Pcs. for meeting the increased demand of its products.

As a part of company's green initiative and to reduce power cost, the company's two wind-turbines of 2.850 MW capacities had been commissioned during the year at Dist. Surendranagar & Dist. Jamnagar in Gujarat. During the year under review, the company repaid loans of Rs. 610.00 Lacs to Financial Institutions and Banks.

During the year ended 31 March 2015, Cera Sanitaryware expanded its annual production capacity of sanitaryware to 3 Mn. Pcs. for meeting the increased demand of its products.

The new ranges and designs of Faucets have been well accepted by the market. The company attained its full capacity in the year. Owing to this success, the company has further expanded its Faucets capacity to 2.34 Mn.Pcs. p.a.

As a part of national policy and Green initiative, generation of electricity through non-conventional sources and to stabilize power cost, Cera Sanitaryware installed two wind-turbines of 4 MW and solar energy of 1 MW capacity at Dist. Jamnagar & Dist. Mehsana respectively in Gujarat during the year ended 31 March 2015.

During the year under review, the company repaid loans of Rs. 675.02 lacs to Financial Institutions and Banks.

Anjani Tiles Limited became subsidiary of the Company w.e.f. 23rd November, 2015. In March 2015, Cera Sanitaryware issued 3,51,000 equity shares on preferential basis.

During the financial year ended 31 March 2016, Cera Sanitaryware repaid loans of Rs 890.30 Lacs to Financial Institutions and Banks. The expansion plan of Cera Sanitaryware's Faucetsware unit was attained in 2015-16.

During the year under review, the company launched CERA Style Studios on Wheels, a novel concept to take CERA products to the doorsteps of key decision makers like architects, developers, etc. The company also strengthened CERA Care, its after-sales division with induction of technicians for taking care of its services in all key cities of the country.

During the financial year ended 31 March 2017, Cera Sanitaryware's topline crossed Rs. 1000 crore - an important milestone in the history of the company. During the year under review, the company repaid loans of Rs. 890.30 Lacs to Financial Institutions and Banks.

During the year under review, the company opened expanded CERA Style Studios, its touch and feel experience centres, in Kolkata and Kochi. Cera Sanitaryware has entered into a Joint Venture with Anjani Tiles Limited at Andhra Pradesh with 51% Equity and 54% Preference Share holding in aggregate amounting to Rs 2933 Lakhs (Previous Year Rs 2678 Lakhs) for producing Vitrified Floor Tiles of 10000 Sq. Mtr. per day. Anjani Tiles Limited became subsidiary of Cera Sanitaryware w.e.f. 23rd November, 2015. The commercial production of tiles from this plant has started from 1 April 2016.

During the year ended 31 March 2018, Cera Sanitaryware's Zamac plant for manufacturing of Zamac handles has commissioned and commercial production commenced which has helped the company to stop imports.

During the year under review, the company launched two brands to cater to all price segments-JEET for mass segment and SENATOR by CERA for premium segment. The company launched new designs in faucets, tiles, Sanitaryware, wellness, kitchen sinks and mirrors, thereby keeping up and even ahead of the market trend. The company opened several CERA Style Galleries across India to give touch and feel experience to its customers.

The Company installed and commissioned additional M.W Solar Energy Unit during the year.

During the year under review, Cera Sanitaryware repaid loans of Rs 533.53 Lakhs to Financial Institutions and Banks.

During FY 2019, the company had a Meg's launch of new range of tiles, which was witnessed by over 500 dealers and 200 architects from all over India. The event established CERA's supremacy in range and quality of tiles. Apart from the existing JV with Anjani Tiles Limited in Andhra Pradesh, the Company also entered into a JV with Milo Tiles LLP in Morbi, thus helping it in reaching out to West, North and East markets.

During the year 2019, the company entered into a Joint Venture with Milo Tiles LLP (earlier Crown Ceramics - an established production facility since 2015) at Morbi, Gujarat with 26% equity amounting to Rs. 806 lakhs for producing high end Glazed Vitrified Floor Tiles of 7000 sq. mtr. per day.

During the year 2019, the Company's subsidiary, namely Race Polymer Arts LLP was incorporated with 51% capital contribution by the Company for manufacturing of polymer products like seat cover, cistern, fittings and other products made from polypropylene (PP).

On 14th May, 2019 the Board of Directors at their meeting had approved discontinuance of business operations of Cera Sanitaryware Ltd FZC- Sharjah, UAE and completed all its formalities.

In August 2021, the Company entered into a Joint Venture with Anjani Tiles Ltd at Andhra Pradesh with 51% Equity (since 2015) and Milo Tiles LLP at Morbi, Gujarat with 26% Equity (since 2019) for producing high end Glazed Vitrified Floor Tiles of 16000 Sq. Mtr. per day.

Pursuant to the Memorandum of Understanding (MOU) and Share Purchase Agreement (SPA), the Share Escrow Agreement was executed by the Company (CERA), Anjali Vishnu Holdings Ltd. (AVHL) and Anjani Tiles Limited (ATL) with Federal Bank Ltd. (Escrow Agent) jointly on 23rd November, 2021 for transfer / divestment of entire stake in Equity and Preference Shares of Anjani Tiles Limited for the total consideration of Rs. 2,869.20 lakhs. The Company, AVHL and ATL also entered into Share Purchase Agreement (SPA) dated 26th August, 2021 pursuant to which the Company agreed to sell all the Equity and Preference Shares held by it in ATL to AVHL.

On 15th December 2021, CERA launched a new product, Unboxing Smiles. in Delhi.

During FY'22, the company launched new products in JEET. It made rapid strides in the Tiles segment by launching the latest Slabs, large format sizes and new designs and sizes in both floor and wall categories. The Joint venture for Polymer Products unit for manufacture of seat covers and cisterns with 51% Equity started its commercial production. CERA supported channel partners by helping them to build brand stores like Cera Style Galleries, Cera Style Hub, Cera Style Centre, Cera Tile Galleries and Cera Tile Centres. This created a strong brand visibility in the market and also gave consumers an experience to remember and facilitate better decision making. It revamped company owned display centre 'Cera Style Studio' in Kolkata to support trade. CERA Superstar retailer / sub dealer loyalty program was launched towards the purchases made by associate partners (Retailers) from CERA's authorised dealers. It launched 25 new products in Bathware Unit during the FY'22. Besides this, new Covid-appropriate products like anti-bacterial seat covers were developed and launched. It developed new/latest designs of onepiece WCs and high-end wall hung WCs to reduce dependency on imports. Several Covid-appropriate products like rimless WCs, sensor urinals, etc. were rolled out by Sanitaryware unit. It has been in the forefront of technology and automation. After introducing 3D printing and robotic glazing technologies, the Company launched high pressure casting system.

During 2022-23, M/s Anjani Tiles Limited ceased to be a subsidiary of Company effective from 23rd March, 2023. In 2023, the Company launched new colour faucet designs into Faucet ware Unit. New technology-based products like Smart electronic toilet, Senator by Cera was re-introduced with latest collection of premium bathroom suites and electronic smart toilet. Lustre by Cera was introduced with vibrant colours in Sanitaryware, Faucets and Allied categories; launched Sensor based Tankless Wall hung closets. India's largest portfolio of One Piece EWC's got launched with Vibe sense touchless flush technology; introduced new portfolio of modern, stylish and aspirational drop in, free standing, back to wall and air-water massage bathtubs; More than 500+ new designs launched in Tiles. Also, introduced new portfolio of Kitchen Sinks and Customized Shower Partitions.

Cera Sanitaryware Share Price

Cera Sanitaryware share price reflects investor sentiment toward the company and is impacted by various factors such as financial performance, market trends, and economic conditions. Share price is an indicator which shows the current value of the company's shares at which buyers or sellers can transact.

Cera Sanitaryware Market Cap

Market capitalization of Cera Sanitaryware indicates the total value of its outstanding shares. Marketcap is calculated by multiplying share price and outstanding shares of the company. It is a helpful metric for assessing the company's size and market Valuation. It also helps investors understand how Cera Sanitaryware is valued compared to its competitors.

Cera Sanitaryware PE Ratio

Cera Sanitaryware PE ratio helps investors understand what is the market value of each stock compared to Cera Sanitaryware 's earnings. A PE ratio higher than the average industry PE could indicate an overvaluation of the stock, whereas a lower PE compared to the average industry PE could indicate an undervaluation.

Cera Sanitaryware PEG Ratio

The PEG ratio of Cera Sanitaryware evaluates its PE ratio in relation to its growth rate. A PEG ratio of 1 indicates a fair value, a PEG ratio of less than 1 indicates undervaluation, and a PEG ratio of more than 1 indicates overvaluation.

Cera Sanitaryware ROE (Return on Equity)

Return on Equity (ROE) measures how effectively Cera Sanitaryware generates profit from shareholders' equity. A higher ROE of more than 20% indicates better financial performance in terms of profitability.

Cera Sanitaryware ROCE (Return on Capital Employed)

Return on Capital Employed (ROCE) evaluates the profitability of Cera Sanitaryware in relation to its capital employed. In simple terms, ROCE provides insight to investors as to how well the company is utilizing the capital deployed. A high ROCE of more than 20% shows that the business is making profitable use of its capital.

Cera Sanitaryware Total Debt

Total debt of Cera Sanitaryware shows how much the company owes to either banks or individual creditors. In simple terms, this is the amount the company has to repay. Total debt can be a very useful metric to show the financial health of the company. Total debt more than equity is considered to be a bad sign.

Cera Sanitaryware Debt to Equity Ratio

The Debt-to-Equity (DE) ratio of Cera Sanitaryware compares its total debt to shareholders' equity. A higher Debt to Equity ratio could indicate higher financial risk, while a lower ratio suggests that the company is managing its debt efficiently.

Cera Sanitaryware CAGR (Compound Annual Growth Rate)

CAGR shows the consistent growth rate of Cera Sanitaryware over a specific period, whether it is over a month, a year, or 10 years. It is a key metric to evaluate the company’s long-term growth potential. Main metrics for which CAGR is calculated are net sales, net profit, operating profit, and stock returns.

Cera Sanitaryware Technical Analysis

Technical analysis of Cera Sanitaryware helps investors get an insight into when they can enter or exit the stock. Key components of Cera Sanitaryware Technical Analysis include:

Support Levels (S1, S2, S3)

There are usually multiple support levels, but the main support levels for a stock are S1, S2, S3. Support levels indicate price points where stock might get support from buyers, helping the stock stop falling and rise.

Resistance Levels (R1, R2, R3)

There are usually multiple resistance levels, but the main resistance levels for a stock are R1, R2, R3. Resistance levels represent price points where Cera Sanitaryware shares often struggle to rise above due to selling pressure.

Cera Sanitaryware Dividends

Dividends refer to the portion of the company’s profits distributed to its shareholders. Dividends are typically paid out in cash and reflect Cera Sanitaryware ’s financial health and profitability.

Cera Sanitaryware Bonus Shares

Bonus shares are usually given by companies to make the stock more affordable, increase liquidity, boost investor confidence, and more.

Cera Sanitaryware Stock Split

Stock split increases the number of its outstanding shares by dividing each existing share into multiple shares. When the company offers a stock split, the face value of the stock reduces in the same proportion as the split ratio.

Cera Sanitaryware Financials

The financials of Cera Sanitaryware provide a complete view to investors about its net sales, net profit, operating profits, expenses, and overall financial health. Investors can analyze financial data to assess the company’s stability and also understand how the company has been growing financially.

Cera Sanitaryware Profit and Loss Statements

The profit and loss statement of Cera Sanitaryware highlights its net sales, net profit, total expenditure, and operating profits in the current financial year. This Profit and Loss statement is crucial for evaluating the profitability and financial stability of Cera Sanitaryware .

Cera Sanitaryware Balance Sheet

The balance sheet presents a snapshot of Cera Sanitaryware ’s assets, liabilities, and equity of shareholders, providing insights into the financials of the company.

Cera Sanitaryware Cashflow Statements

Cashflow statements track the company's cash inflows and outflows over a period. It is an essential tool for understanding how well the company manages its liquidity and finances.

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