Cera Sanitaryware - Q3 FY13 Results First Cut - Microsec

Cera Sanitaryware announced its Q3 FY13 results on 10 Jan 2013. The company's Net Sales increased by 55% YOY to INR128 crore and EBITDA increased by 50% to INR20.5 crore. EBITDA Margin of the company decreased from 16.6% to 16% YOY. PAT of the company increased by 51% YOY to INR12 crore.

At the CMP of INR435, the stock discounts its FY13E EPS of INR34.9 by 12.5x. We had recommended the Stock at the level of INR350 in our Mid & small Cap Picks and maintain our hold on the stock at the current level.

Source : Equity Bulls

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