Buy Cera Sanitaryware, target price Rs 6280: ICICI Securities

ICICI Securities has buy call on Cera Sanitaryware with a target price of Rs 6280. The current market price of Cera Sanitaryware is Rs 5212.1.

Cera Sanitaryware Ltd., incorporated in the year 1998, is a Mid Cap company (having a market cap of Rs 6835.89 Crore) operating in Building Materials sector.

Cera Sanitaryware Ltd. key Products/Revenue Segments include Building Products, Other Operating Revenue, Export Incentives and Sale of services for the year ending 31-Mar-2022.



Financials
For the quarter ended 30-09-2022, the company reported a Consolidated Total Income of Rs 426.51 Crore, up 7.55 % from last quarter Total Income of Rs 396.58 Crore and up 3.73 % from last year same quarter Total Income of Rs 411.18 Crore. Company reported net profit after tax of Rs 51.14 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 54.48 per cent stake in the company as of 30-Jun-2022, while FIIs owned 18.34 per cent, DIIs 10.6 per cent.