Loading...

Cera Sanitaryware

BSE:532443
Snowflake Description

Flawless balance sheet average dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
532443
BSE
₹35B
Market Cap
  1. Home
  2. IN
  3. Capital Goods
Company description

Cera Sanitaryware Limited manufactures, sells, trades in, and outsources sanitary ware and faucet ware products in India. The last earnings update was 22 days ago. More info.


Add to Portfolio Compare Print
532443 Share Price and Events
7 Day Returns
-6.4%
BSE:532443
-2.8%
IN Building
-1.1%
IN Market
1 Year Returns
1%
BSE:532443
-0.3%
IN Building
-3.3%
IN Market
532443 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Cera Sanitaryware (532443) -6.4% -8% -3.7% 1% 12.8% 118%
IN Building -2.8% -5.3% -7.6% -0.3% 26.7% 123.8%
IN Market -1.1% -2.1% -5.3% -3.3% 20.4% 32.5%
1 Year Return vs Industry and Market
  • 532443 outperformed the Building industry which returned -0.3% over the past year.
  • 532443 outperformed the Market in India which returned -3.3% over the past year.
Price Volatility
532443
Industry
5yr Volatility vs Market

532443 Value

 Is Cera Sanitaryware undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Cera Sanitaryware to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Cera Sanitaryware.

BSE:532443 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 6 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 17%
Perpetual Growth Rate 10-Year IN Government Bond Rate 7.6%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for BSE:532443
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year IN Govt Bond Rate 7.6%
Equity Risk Premium S&P Global 8.6%
Building Unlevered Beta Simply Wall St/ S&P Global 1.13
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.133 (1 + (1- 35%) (2.58%))
1.102
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.1
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 7.55% + (1.102 * 8.6%)
17.03%

Discounted Cash Flow Calculation for BSE:532443 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Cera Sanitaryware is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

BSE:532443 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (INR, Millions) Source Present Value
Discounted (@ 17.03%)
2020 664.75 Analyst x4 568.02
2021 838.25 Analyst x4 612.06
2022 962.00 Analyst x1 600.21
2023 1,076.43 Est @ 11.9% 573.88
2024 1,190.44 Est @ 10.59% 542.32
2025 1,305.66 Est @ 9.68% 508.26
2026 1,423.70 Est @ 9.04% 473.57
2027 1,546.04 Est @ 8.59% 439.43
2028 1,674.06 Est @ 8.28% 406.58
2029 1,809.01 Est @ 8.06% 375.43
Present value of next 10 years cash flows ₹5,099.76
BSE:532443 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= ₹1,809.01 × (1 + 7.55%) ÷ (17.03% – 7.55%)
₹20,526.63
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ₹20,526.63 ÷ (1 + 17.03%)10
₹4,259.97
BSE:532443 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ₹5,099.76 + ₹4,259.97
₹9,359.72
Equity Value per Share
(INR)
= Total value / Shares Outstanding
= ₹9,359.72 / 13.01
₹719.65
BSE:532443 Discount to Share Price
Calculation Result
Value per share (INR) From above. ₹719.65
Current discount Discount to share price of ₹2,699.95
= -1 x (₹2,699.95 - ₹719.65) / ₹719.65
-275.2%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Cera Sanitaryware is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Cera Sanitaryware's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Cera Sanitaryware's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BSE:532443 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in INR ₹88.52
BSE:532443 Share Price ** BSE (2019-07-19) in INR ₹2699.95
India Building Industry PE Ratio Median Figure of 34 Publicly-Listed Building Companies 19.37x
India Market PE Ratio Median Figure of 2,833 Publicly-Listed Companies 14.5x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Cera Sanitaryware.

BSE:532443 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BSE:532443 Share Price ÷ EPS (both in INR)

= 2699.95 ÷ 88.52

30.5x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Cera Sanitaryware is overvalued based on earnings compared to the IN Building industry average.
  • Cera Sanitaryware is overvalued based on earnings compared to the India market.
Price based on expected Growth
Does Cera Sanitaryware's expected growth come at a high price?
Raw Data
BSE:532443 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 30.5x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts
15.5%per year
India Building Industry PEG Ratio Median Figure of 11 Publicly-Listed Building Companies 1.05x
India Market PEG Ratio Median Figure of 536 Publicly-Listed Companies 1.27x

*Line of best fit is calculated by linear regression .

BSE:532443 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 30.5x ÷ 15.5%

1.96x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Cera Sanitaryware is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Cera Sanitaryware's assets?
Raw Data
BSE:532443 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in INR ₹538.92
BSE:532443 Share Price * BSE (2019-07-19) in INR ₹2699.95
India Building Industry PB Ratio Median Figure of 37 Publicly-Listed Building Companies 1.13x
India Market PB Ratio Median Figure of 3,669 Publicly-Listed Companies 0.93x
BSE:532443 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BSE:532443 Share Price ÷ Book Value per Share (both in INR)

= 2699.95 ÷ 538.92

5.01x

* Primary Listing of Cera Sanitaryware.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Cera Sanitaryware is overvalued based on assets compared to the IN Building industry average.
X
Value checks
We assess Cera Sanitaryware's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Building industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Building industry average (and greater than 0)? (1 check)
  5. Cera Sanitaryware has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

532443 Future Performance

 How is Cera Sanitaryware expected to perform in the next 1 to 3 years based on estimates from 6 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
15.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Cera Sanitaryware expected to grow at an attractive rate?
  • Cera Sanitaryware's earnings growth is expected to exceed the low risk savings rate of 7.6%.
Growth vs Market Checks
  • Cera Sanitaryware's earnings growth is positive but not above the India market average.
  • Cera Sanitaryware's revenue growth is expected to exceed the India market average.
Annual Growth Rates Comparison
Raw Data
BSE:532443 Future Growth Rates Data Sources
Data Point Source Value (per year)
BSE:532443 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts 15.5%
BSE:532443 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 6 Analysts 12.4%
India Building Industry Earnings Growth Rate Market Cap Weighted Average 22.3%
India Building Industry Revenue Growth Rate Market Cap Weighted Average 13.6%
India Market Earnings Growth Rate Market Cap Weighted Average 17%
India Market Revenue Growth Rate Market Cap Weighted Average 9.7%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
BSE:532443 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
All numbers in INR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BSE:532443 Future Estimates Data
Date (Data in INR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-03-31 19,568 1,762 1,792 1
2021-03-31 17,640 1,697 1,626 6
2020-03-31 15,359 1,370 1,359 6
BSE:532443 Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2019-03-31 13,515 1,244 1,151
2018-03-31 11,853 754 1,032
2017-03-31 10,085 1,016 1,017

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Cera Sanitaryware's earnings are expected to grow by 15.5% yearly, however this is not considered high growth (20% yearly).
  • Cera Sanitaryware's revenue is expected to grow by 12.4% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
BSE:532443 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below

All data from Cera Sanitaryware Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:532443 Future Estimates Data
Date (Data in INR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-03-31 138.00 138.00 138.00 1.00
2021-03-31 124.93 132.50 116.10 6.00
2020-03-31 104.47 110.00 100.50 6.00
BSE:532443 Past Financials Data
Date (Data in INR Millions) EPS *
2019-03-31 88.52
2018-03-31 79.33
2017-03-31 78.23

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Cera Sanitaryware is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Cera Sanitaryware's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the India market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the India market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Cera Sanitaryware has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

532443 Past Performance

  How has Cera Sanitaryware performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Cera Sanitaryware's growth in the last year to its industry (Building).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Cera Sanitaryware's year on year earnings growth rate has been positive over the past 5 years.
  • Cera Sanitaryware's 1-year earnings growth is less than its 5-year average (11.6% vs 17%)
  • Cera Sanitaryware's earnings growth has exceeded the IN Building industry average in the past year (11.6% vs 2.5%).
Earnings and Revenue History
Cera Sanitaryware's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Cera Sanitaryware Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:532443 Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 13,515.49 1,151.23 3,066.96
2018-03-31 11,853.43 1,031.78 2,698.30
2017-03-31 10,085.29 1,017.45 2,211.44
2016-03-31 9,173.90 834.64 1,418.61
2015-12-31 9,036.36 757.77 2,311.59 10.17
2015-09-30 8,793.97 718.29 2,275.51 10.17
2015-06-30 8,536.95 696.98 2,239.05 10.17
2015-03-31 8,217.64 676.65 1,293.52
2014-12-31 7,894.86 648.85 1,945.44 8.66
2014-09-30 7,403.39 594.85 1,896.75 8.66
2014-06-30 6,994.37 543.57 804.91
2014-03-31 6,637.60 519.06 1,776.58 8.66
2013-12-31 6,034.81 465.01 1,447.99 6.20
2013-09-30 5,713.54 477.40 1,400.35 6.20
2013-06-30 5,239.71 481.45 1,358.25 6.20
2013-03-31 4,878.95 462.06 1,324.48 6.20
2012-12-31 4,289.06 418.11 1,099.59 6.57
2012-09-30 3,833.71 377.55 1,059.29 6.57

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Cera Sanitaryware has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Cera Sanitaryware used its assets more efficiently than the IN Building industry average last year based on Return on Assets.
  • Cera Sanitaryware's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Cera Sanitaryware's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Building industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Cera Sanitaryware has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

532443 Health

 How is Cera Sanitaryware's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Cera Sanitaryware's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Cera Sanitaryware is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Cera Sanitaryware's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Cera Sanitaryware's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 8.2x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Cera Sanitaryware Company Filings, last reported 3 months ago.

BSE:532443 Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 7,112.46 905.98 1,670.58
2018-03-31 6,123.67 961.67 1,313.40
2017-03-31 5,260.33 1,020.48 1,289.42
2016-03-31 4,373.79 666.62 1,075.20
2015-12-31 3,852.56 342.56 868.34
2015-09-30 3,852.56 342.56 868.34
2015-06-30 3,517.07 681.62 772.86
2015-03-31 3,517.07 681.62 772.86
2014-12-31 2,533.52 605.91 343.39
2014-09-30 2,533.52 605.91 343.39
2014-06-30 2,239.67 423.61 428.41
2014-03-31 2,239.67 482.53 428.41
2013-12-31 2,013.09 562.65 337.06
2013-09-30 2,013.09 562.65 337.06
2013-06-30 1,795.04 610.40 417.34
2013-03-31 1,795.04 610.40 417.34
2012-12-31 1,594.52 769.52 344.22
2012-09-30 1,594.52 769.52 344.22
  • Cera Sanitaryware's level of debt (12.7%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (21.5% vs 12.7% today).
  • Debt is well covered by operating cash flow (137.3%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 27.9x coverage).
X
Financial health checks
We assess Cera Sanitaryware's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Cera Sanitaryware has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

532443 Dividends

 What is Cera Sanitaryware's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0.48%
Current annual income from Cera Sanitaryware dividends. Estimated to be 0.58% next year.
If you bought ₹2,000 of Cera Sanitaryware shares you are expected to receive ₹10 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Cera Sanitaryware's pays a lower dividend yield than the bottom 25% of dividend payers in India (0.56%).
  • Cera Sanitaryware's dividend is below the markets top 25% of dividend payers in India (2.24%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
BSE:532443 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
India Building Industry Average Dividend Yield Market Cap Weighted Average of 21 Stocks 0.6%
India Market Average Dividend Yield Market Cap Weighted Average of 1447 Stocks 1.4%
India Minimum Threshold Dividend Yield 10th Percentile 0.3%
India Bottom 25% Dividend Yield 25th Percentile 0.6%
India Top 25% Dividend Yield 75th Percentile 2.2%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

BSE:532443 Future Dividends Estimate Data
Date (Data in ₹) Dividend per Share (annual) Avg. No. Analysts
2022-03-31
2021-03-31 16.40 4.00
2020-03-31 14.93 4.00
BSE:532443 Past Annualized Dividends Data
Date (Data in ₹) Dividend per share (annual) Avg. Yield (%)
2019-06-28 13.000 0.453
2019-05-14 13.000 0.440
2018-07-04 12.000 0.469
2018-05-03 12.000 0.417
2017-07-27 12.000 0.364
2016-06-13 9.000 0.363
2016-05-03 9.000 0.442
2015-06-24 6.250 0.331
2015-04-23 6.250 0.295
2014-09-09 5.000 0.255
2013-07-11 4.000 0.530
2012-08-13 3.000 0.726
2012-07-11 3.000 1.018
2011-07-22 2.500 1.187
2011-07-21 2.500 1.160
2010-07-19 1.250 0.727
2010-04-19 1.250 0.993
2009-06-01 1.000 1.376
2009-05-28 1.000 2.268

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Cera Sanitaryware's earnings are paid to the shareholders as a dividend.
  • Dividends paid are thoroughly covered by earnings (6.8x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be thoroughly covered by earnings (8.4x coverage).
X
Income/ dividend checks
We assess Cera Sanitaryware's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Cera Sanitaryware afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Cera Sanitaryware has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

532443 Management

 What is the CEO of Cera Sanitaryware's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Atul Sanghvi
COMPENSATION ₹25,187,000
AGE 57
TENURE AS CEO 0.2 years
CEO Bio

Mr. Atul Sanghvi has been the Chief Executive Officer at Cera Sanitaryware Limited since May 14, 2019. Mr. Sanghvi served as the Chief Operating Officer of Cera Sanitaryware Limited since October 10, 2012. Mr. Sanghvi served as President of Sales & Marketing at Cera Sanitaryware until October 10, 2012 and also served as its Vice President of Marketing. Mr. Sanghvi has been an Executive Director of Cera Sanitaryware Limited since April 1, 2014.

CEO Compensation
  • Atul's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Atul's remuneration is about average for companies of similar size in India.
Management Team Tenure

Average tenure and age of the Cera Sanitaryware management team in years:

0.5
Average Tenure
58.5
Average Age
  • The average tenure for the Cera Sanitaryware management team is less than 2 years, this suggests a new team.
Management Team

Vikram Somany

TITLE
Chairman & MD
COMPENSATION
₹57M
AGE
70
TENURE
10.9 yrs

Atul Sanghvi

TITLE
CEO & Executive Director
COMPENSATION
₹25M
AGE
57
TENURE
0.2 yrs

Narendra Patel

TITLE
President
AGE
60

Rajesh Shah

TITLE
CFO & COO - Fin. & Comm.
AGE
60

P. Shashidharan

TITLE
President of Marketing
AGE
61
TENURE
0.5 yrs

Abbey Rodrigues

TITLE
President of Sales
AGE
48
TENURE
0.5 yrs

Vivek Tewari

TITLE
President of Works
AGE
51
TENURE
5.6 yrs

Bimal Patodia

TITLE
Executive Vice President
AGE
69

N. Jaydeep

TITLE
General Manager
COMPENSATION
₹7M
AGE
49

G. Chowdary

TITLE
Asst. General Manager
COMPENSATION
₹5M
AGE
53
Board of Directors Tenure

Average tenure and age of the Cera Sanitaryware board of directors in years:

3.2
Average Tenure
57
Average Age
  • The tenure for the Cera Sanitaryware board of directors is about average.
Board of Directors

Vikram Somany

TITLE
Chairman & MD
COMPENSATION
₹57M
AGE
70
TENURE
10.9 yrs

Atul Sanghvi

TITLE
CEO & Executive Director
COMPENSATION
₹25M
AGE
57
TENURE
5.3 yrs

Deepshikha Khaitan

TITLE
Non-Executive Vice Chairperson
COMPENSATION
₹450K
AGE
44
TENURE
3.2 yrs

Jugal Taparia

TITLE
Non-Executive Independent Director
COMPENSATION
₹430K
AGE
71
TENURE
2 yrs

Surendra Baid

TITLE
Additional Independent Director
COMPENSATION
₹430K
AGE
68
TENURE
1.3 yrs

Sajan Pasari

TITLE
Non-Executive Independent Director
COMPENSATION
₹440K
AGE
72
TENURE
15.1 yrs

Lalit Bohania

TITLE
Non-Executive Independent Director
COMPENSATION
₹440K
AGE
56
TENURE
6 yrs

Ayush Bagla

TITLE
Additional Independent Director
COMPENSATION
₹440K
AGE
46
TENURE
1.3 yrs

Akriti Jain

TITLE
Non-Executive Independent Director
COMPENSATION
₹410K
AGE
33
TENURE
0.7 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (₹) Value (₹)
X
Management checks
We assess Cera Sanitaryware's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Cera Sanitaryware has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

532443 News

Simply Wall St News

Should You Sell Cera Sanitaryware Limited (BOM:532443) At This PE Ratio?

and want to begin learning the link between Cera Sanitaryware Limited (BOM:532443)’s fundamentals and stock market performance. … Cera Sanitaryware Limited (BOM:532443) trades with a trailing P/E of 35.7x, which is higher than the industry average of 31.5x. … Check out our latest analysis for Cera Sanitaryware

Simply Wall St -

532443 Company Info

Description

Cera Sanitaryware Limited manufactures, sells, trades in, and outsources sanitary ware and faucet ware products in India. It offers sanitary ware products, including EWC’s, wash basins, urinals, electronic flushing systems, cisterns, seat covers, green products, bath accessories, and kids range products, as well as special needs products and water heaters. The company also provides faucets comprising single lever faucets, quarter and half turn faucets, sensor taps, overhead and hand showers, bath spouts, shower arms, special category pillar cocks and bib cocks, flush valves, flush and angle cocks, health faucets, bathroom allied products and accessories, and other auxiliary products; and wellness products consisting of steam shower rooms, shower cubicles and partitions, bath tubs and whirlpool, fillers, shower panels, indoor swimming pools, and pressure pumps. In addition, it offers kitchen sinks; mirrors, faucet cleaners, sealants, wall and floor tiles and adhesives, and other products. The company also exports its products. The company was formerly known as Madhusudan Oils and Fats Limited and changed its name to Cera Sanitaryware Limited in November 2002. Cera Sanitaryware Limited was founded in 1980 and is based in Ahmedabad, India.

Details
Name: Cera Sanitaryware Limited
532443
Exchange: BSE
Founded: 1980
₹35,115,209,506
13,005,874
Website: http://www.cera-india.com
Address: Cera Sanitaryware Limited
Privilon,
7th & 8th Floor,
Ahmedabad,
Gujarat, 380059,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BSE 532443 Equity Shares Mumbai Stock Exchange IN INR 04. Jul 2005
NSEI CERA Equity Shares National Stock Exchange of India IN INR 04. Jul 2005
Number of employees
Current staff
Staff numbers
0
Cera Sanitaryware employees.
Industry
Building Products
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/20 12:33
End of day share price update: 2019/07/19 00:00
Last estimates confirmation: 2019/07/17
Last earnings filing: 2019/06/28
Last earnings reported: 2019/03/31
Last annual earnings reported: 2019/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.