Cera Sanitaryware Limited - First Cut - Microsec

Cera Sanitaryware announced its Q1 FY14 results on 11 July 2013. The company's Net Sales increased by 40% YOY to INR126.6 crore and EBITDA increased by 27% to INR19.9 crore. EBITDA Margin of the company decreased from 17.3% to 15.7% YOY. PAT of the company increased by 21% YOY to INR11.2 crore.

At the CMP of INR504, the stock discounts its FY14E EPS of INR44 by 11.5x. We had recommended the Stock at the level of INR350 in our Mid & small Cap Picks and maintain our 'Accumulate' on the stock at the current level for investment.

Source : Equity Bulls

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