Cera Sanitaryware Ltd: Q3 FY 2018-19 Key Points
Cera Sanitaryware Limited, India’s 3rd largest sanitaryware player, has presented its Q3 FY 2018-19 number today after market hours.
The Company’s standalone revenues for the period ended 31 December 2018 stood at INR 318.83 Cr against INR 290.88 Cr same period last year, registered 9.61% year-on-year growth. The company registered 3.67% dip in revenues when compared to QoQ basis (INR 330.98 Cr for July to Sept ’18 quarter)
Company’s net profit after tax stood at INR 28.36 Cr for October – December 2018 quarter, showing 22.88% growth YoY basis, the same stood INR 23.08 Cr last year. For July – September ’18 quarter, company registered a net profit of INR 28.14 Cr, reporting 0.8% growth quarter-on-quarter basis.
EBITDA stands at INR 50.00 Cr in December 2018 up 17.65% from INR 42.50 Cr in December 2017.
Cera Sanitary EPS has increased to Rs. 21.80 in December 2018 from Rs. 17.75 in December 2017.
About CERA Sanitaryware
Cera Sanitaryware Limited is India’s fastest growing company in the sanitaryware segment.
History: Cera Sanitaryware Ltd (formerly Madhusudan Oils and Fats Limited), a Gujarat based company, was incorporated in 2002. The company is headed by Vikram Somany.
Business: The Company is engaged in Manufacture of Ceramic Sinks, Wash Basins, Wash Basin Pedestals, Baths, Bidets, Water Closet Pans, Flushing Cisterns, Urinals, and similar sanitary fixtures.
Awards: In keeping with its tradition of innovation, CERA has been presented –
- The Gold Award in the bathroom & fittings and sanitaryware category by the Readers’ Digest Trusted Brand Survey.
- The Product of the Year award for 4 years in a row, (1) for Cerenity in 2014, (2) Sanitaryware & Bathroom Fittings in 2013, (3) Nano Technology in 2012, and (4) for the Snow White Range in 2011.
- CERA was conferred Power Brand for 2 years, in 2012 and 2013, which is awarded to top 100 brands in the country.
- CERA received Asia’s Most Promising Brand award for the year 2012-13.
Stock Price Movement
The stock ended INR 54.00 or 2.18% higher to 2535.45 when the market closed! During 3rd quarter of FY 2018-19, the share prices of CERA Sanitaryware Ltd has made a low of INR 2290 and high of INR 2575
CERA Sanitaryware on Technical Charts
The stock prices of CERA is trading 5.38% lower when compared to its 200 EMA (2679) and trading marginally above when compared to its 50 EMA (2496)
Average Return
The stock has given -5.72% returns over the last 6 months and -29.30% over the last 12 months.
CERA’s current market cap is more than INR 3300 Cr and trading at a PE ratio of 33
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