CERA SANITARYWARE LIMITED |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 6,827 INR | -3.06% |
|
-5.32% | -13.02% |
| Apr. 01 | Cera Sanitaryware Limited Announces Cessation of Directors | CI |
| Feb. 13 | Transcript : Cera Sanitaryware Limited, Q3 2024 Earnings Call, Feb 13, 2024 |
Valuation
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 39,366 | 30,019 | 50,779 | 64,702 | 83,044 | 88,786 | - | - |
| Enterprise Value (EV) 1 | 39,366 | 28,593 | 50,779 | 64,702 | 83,044 | 81,300 | 80,948 | 79,392 |
| P/E ratio | 34.2 x | 25.9 x | 50.1 x | 43.3 x | 39.6 x | 40.9 x | 35 x | 29.7 x |
| Yield | 0.43% | 0.56% | 0.33% | 0.4% | 0.78% | 0.84% | 0.99% | 1.09% |
| Capitalization / Revenue | 2.93 x | 2.48 x | 4.23 x | 4.49 x | 4.62 x | 4.78 x | 4.2 x | 3.68 x |
| EV / Revenue | 2.93 x | 2.36 x | 4.23 x | 4.49 x | 4.62 x | 4.38 x | 3.83 x | 3.29 x |
| EV / EBITDA | 20.7 x | 17.6 x | 33.9 x | 29.2 x | 29.1 x | 28.7 x | 24.2 x | 20.3 x |
| EV / FCF | 55.9 x | 35.1 x | 20.1 x | 77.5 x | 63.1 x | 69.3 x | 67.5 x | 40.3 x |
| FCF Yield | 1.79% | 2.85% | 4.97% | 1.29% | 1.59% | 1.44% | 1.48% | 2.48% |
| Price to Book | 5.62 x | 3.88 x | 5.81 x | 6.43 x | 7.1 x | 6.79 x | 6.06 x | 5.37 x |
| Nbr of stocks (in thousands) | 13,006 | 13,006 | 13,006 | 13,006 | 13,006 | 13,006 | - | - |
| Reference price 2 | 3,027 | 2,308 | 3,904 | 4,975 | 6,385 | 6,827 | 6,827 | 6,827 |
| Announcement Date | 5/14/19 | 6/30/20 | 6/10/21 | 5/10/22 | 5/10/23 | - | - | - |
1INR in Million2INR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 13,436 | 12,092 | 12,017 | 14,418 | 17,962 | 18,579 | 21,119 | 24,098 |
| EBITDA 1 | 1,906 | 1,621 | 1,500 | 2,212 | 2,851 | 2,837 | 3,345 | 3,919 |
| EBIT 1 | 1,678 | 1,295 | 1,167 | 1,908 | 2,547 | 2,390 | 2,859 | 3,462 |
| Operating Margin | 12.49% | 10.71% | 9.71% | 13.24% | 14.18% | 12.86% | 13.54% | 14.36% |
| Earnings before Tax (EBT) 1 | 1,802 | 1,406 | 1,342 | 2,033 | 2,817 | 2,912 | 3,400 | 4,002 |
| Net income 1 | 1,151 | 1,159 | 1,013 | 1,494 | 2,097 | 2,190 | 2,540 | 2,992 |
| Net margin | 8.56% | 9.59% | 8.43% | 10.36% | 11.67% | 11.79% | 12.02% | 12.41% |
| EPS 2 | 88.46 | 89.15 | 77.89 | 114.8 | 161.2 | 167.1 | 195.3 | 230.0 |
| Free Cash Flow 1 | 704.5 | 814 | 2,522 | 835.3 | 1,317 | 1,173 | 1,199 | 1,968 |
| FCF margin | 5.24% | 6.73% | 20.99% | 5.79% | 7.33% | 6.31% | 5.68% | 8.17% |
| FCF Conversion (EBITDA) | 36.96% | 50.21% | 168.18% | 37.76% | 46.19% | 41.34% | 35.85% | 50.21% |
| FCF Conversion (Net income) | 61.23% | 70.21% | 248.94% | 55.93% | 62.82% | 53.56% | 47.21% | 65.78% |
| Dividend per Share 2 | 13.00 | 13.00 | 13.00 | 20.00 | 50.00 | 57.30 | 67.36 | 74.28 |
| Announcement Date | 5/14/19 | 6/30/20 | 6/10/21 | 5/10/22 | 5/10/23 | - | - | - |
1INR in Million2INR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: March | 2020 S1 | 2021 S1 | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 5,946 | 4,605 | 3,098 | 4,314 | 2,228 | 3,932 | 3,870 | 4,387 | 3,958 | 4,143 | 4,558 | 5,304 | 4,272 | 4,490 | 4,965 | 5,450 |
| EBITDA 1 | 768.1 | 471 | 397.1 | 631.5 | 198.4 | 579.1 | 610.9 | 824.1 | 606.2 | 660.4 | 728.6 | 850.9 | 685 | 750 | 813 | 801.7 |
| EBIT | - | - | - | - | - | 503 | 533.2 | 746.4 | - | - | - | - | - | - | 737 | - |
| Operating Margin | - | - | - | - | - | 12.79% | 13.78% | 17.01% | - | - | - | - | - | - | 14.84% | - |
| Earnings before Tax (EBT) | 660.2 | 395.3 | 388.7 | 558.4 | - | 562.5 | 564.9 | 732.7 | - | 680.2 | - | 834.4 | - | 797 | - | - |
| Net income 1 | 491.1 | 292 | 290.9 | 430.2 | 129.2 | 420.9 | 422.7 | 520.8 | 396.3 | 507.2 | 563.7 | 629.4 | 563.7 | 593 | 607.5 | 568 |
| Net margin | 8.26% | 6.34% | 9.39% | 9.97% | 5.8% | 10.7% | 10.92% | 11.87% | 10.01% | 12.24% | 12.37% | 11.87% | 13.2% | 13.21% | 12.24% | 10.42% |
| EPS 2 | - | - | - | 33.07 | 9.930 | 32.36 | 32.50 | 40.04 | - | 38.99 | - | 48.39 | 43.35 | 45.60 | 48.50 | 42.60 |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 11/13/19 | 11/10/20 | 2/2/21 | 6/10/21 | 8/5/21 | 10/26/21 | 1/24/22 | 5/10/22 | 8/4/22 | 11/7/22 | 2/2/23 | 5/10/23 | 8/3/23 | - | - | - |
1INR in Million2INR
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - | - |
| Net Cash position 1 | - | 1,425 | - | - | - | 7,486 | 7,838 | 9,394 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | 705 | 814 | 2,522 | 835 | 1,317 | 1,173 | 1,199 | 1,968 |
| ROE (net income / shareholders' equity) | 17.6% | 15.7% | 12.3% | 15.9% | 19.6% | 17.4% | 18% | 18.7% |
| ROA (Net income/ Total Assets) | - | - | - | - | - | - | - | - |
| Assets 1 | - | - | - | - | - | - | - | - |
| Book Value Per Share 2 | 538.0 | 594.0 | 672.0 | 773.0 | 899.0 | 1,005 | 1,126 | 1,272 |
| Cash Flow per Share | - | - | - | - | - | - | - | - |
| Capex 1 | 440 | 418 | 97.9 | 143 | 348 | 1,127 | 913 | 542 |
| Capex / Sales | 3.28% | 3.46% | 0.81% | 0.99% | 1.94% | 6.07% | 4.32% | 2.25% |
| Announcement Date | 5/14/19 | 6/30/20 | 6/10/21 | 5/10/22 | 5/10/23 | - | - | - |
1INR in Million2INR
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
B-
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -13.02% | 1.06B | |
| -23.52% | 1.21B | |
| +2.54% | 1.05B | |
| +15.90% | 699M | |
| -22.60% | 327M | |
| +20.71% | 236M | |
| +33.65% | 204M | |
| +17.23% | 183M | |
| -3.57% | 90.81M | |
| +26.47% | 64.37M |
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- Financials Cera Sanitaryware Limited
