CERA SANITARYWARE LTD - RESULTS - FOR Q4 FY 13 & FOR FY 2013 - Q4 NET SALES UP 57.61 % YoY; Q4 NET PROFIT UP 50% YoY - GOOD PROSPECTS

CERA SANITARYWARE LTD

RESULTS FOR Q4 FY 13 & FOR FY 2013

CERA SANITARYWARE LIMITED has been producing very good results. The Q4 FY 13 results are also quite good. The Quarterly Results details may be seen in the table below with percentage improvement QoQ and also YoY.

On an annual Basis, the company has grown 53% in top line; 44% in bottom line with Basic EPS for FY 13 at Rs.36.51, against Rs.25.32 in previous year. The company has declared and 80% Dividend.

Current Market price is Rs.455. At this price and annual EPS of Rs.36.51, the PE Ratio works out to 12.46. Its future Growth Prospects appear to be quite impressive.

Its Net Sales for FY 13 stands at Rs.487.87 Cr; compared to Rs.319.39 Cr in previous year.

Its Net Profit for the year FY 13 stands at Rs.46.21 Cr; against Rs.32.04 cr in previous year.

Talking about the company's performance, Vikram Somany, Chairman and Managing Director of Cera Sanitaryware Limited said, "CERA's focused endeavors to provide complete bathroom solutions to its customer base across the length and breadth of the country. The strategic planning in terms of product optimisation and leveraging on Cera's strong brand image with well supported penetrating distribution network has helped the company achieving high growth and set new standards for itself."

The CAGR of company during last five years has remained much more than industry growth rate.

"We are confident of sustaining the company's growth in coming years with its business strategies of continuously upgrading product basket, leveraging on strong brand image, optimising product potential, capacity utilization and distribution network-all backed up by well structured sales and marketing plans," Somany added.

RESULTS TABLE - COMPARISON

CERA SANITARYWARE	31-Mar-13	31-Dec-12	%Dif QoQ	31-Mar-12	%Dif YoY
Net Sales	15795.45	12801.98	23.38	10021.93	57.61
Total Expenditure	13990.68	11004.96	27.13	8642.59	61.88
Profit before Intt, Dep. & Taxes	1804.77	1797.02	0.43	1379.34	30.84
Total Income	15795.45	12801.98	23.38	10021.93	57.61
Changes in inventories of FG, WIP and SIT	1459.33	62.37	2239.79	-1258.97	-215.91
Cost of materials	1106.31	1717.73	-35.59	1887.8	-41.4
Purchases of SIT	5325.56	4215.17	26.34	3836.96	38.8
Employee benefits	1616.23	1471.34	9.85	1234.94	30.88
Depreciation	268.56	256.36	4.76	216.77	23.89
Other expenses	4214.69	3281.99	28.42	2725.09	54.66
Total expenses	13990.68	11004.96	27.13	8642.59	61.88
Profit  before tax	1960.18	1796.11	9.13	1455.64	34.66
Tax Expenses	566.81	595.99	-4.9	526.73	7.61
Net Profit	1393.37	1200.12	16.1	928.91	50
Face Value of Share (RS )	5	5	0	5	0
Paid-up Equity	632.74	632.74	0	632.74	0
Diluted EPS	11.01	9.48	16.14	7.34	50
Public holding (%)	44.5	44.6	-0.22	0

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