This sanitary ware company is trending today!

This sanitary ware company is trending today!

by 5paisa Research Team Last Updated: Dec 11, 2022 - 06:16 am 9.2k Views
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The stock surged 7.6%.

On November 24, the market is trading in green. At 11:40 am, the S&P BSE Sensex is trading at 61836, up 0.53%, while NIFTY50 is up 0.54%, trading at 18365. About sectoral performance, Oil & Gas and IT are among the top gainers, while Realty and Metal are the top underperformers for the day. Regarding stock-specific action, Cera Sanitaryware Ltd is the top gainer.

Shares of Cera Sanitaryware Ltd have surged 7.64% and are trading at Rs 5731.45, as of 11:40 am. The stock opened at Rs 5338.3 and made an intraday high and low of Rs 5788 and Rs 5338.3, respectively.

Cera Sanitaryware is engaged in the business of manufacturing, selling, and trading diversified product portfolios in the Indian sanitaryware segment. The company has a solid market position in the retail building product segment, due to its strong brand name “CERA”, and large dealer network of 4,708 spread across India.

Talking about the financial condition, the company is debt free and holds around Rs 573 crore of cash and cash equivalent on its balance sheet. The company is cash-rich, generating positive health cash from operations each year. For the last 3 years, the company managed to generate in total of Rs 483 crore of cash from operations. These metrics clearly tell us about the robust financial stability of the company.

For FY22, the company reported a revenue of Rs 1442 crore and generated a net profit of Rs 149 crore. For the latest September quarter, the company registered Rs 414 crore of revenue and banked Rs 51 crore of net profit.

The company's market capitalisation is Rs 7400 crore and currently trades at a PE multiple of 39x. As per the FY22 period ending, the company has an ROE and ROCE of 16.3% and 21.9%, respectively.

As per September quarterly filings, the promoter holds 54.48% ownership in the company, non-institutional investors hold 17.92%, FIIs hold 17.89%, and the rest 9.75% is held by DIIs.

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