Accumulate Cera Sanitaryware, target price Rs 8486: Prabhudas Lilladher

Prabhudas Lilladher has accumulate call on Cera Sanitaryware with a target price of Rs 8486. The current market price of Cera Sanitaryware Ltd. is Rs 6863.

Cera Sanitaryware Ltd., incorporated in the year 1998, is a Mid Cap company (having a market cap of Rs 8948.04 Crore) operating in Building Materials sector.

Cera Sanitaryware Ltd. key Products/Revenue Segments include Building Products, Other Operating Revenue, Sale of services and Export Incentives for the year ending 31-Mar-2023.



Financials
For the quarter ended 31-12-2023, the company reported a Consolidated Total Income of Rs 454.89 Crore, down -4.48 % from last quarter Total Income of Rs 476.24 Crore and down -3.43 % from last year same quarter Total Income of Rs 471.06 Crore. Company reported net profit after tax of Rs 51.52 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 54.48 per cent stake in the company as of 31-Dec-2023, while FIIs owned 20.63 per cent, DIIs 8.37 per cent.