Accumulate Cera Sanitaryware; target of Rs 8486: Prabhudas Lilladher

About this update from Cera Sanitaryware Limited

Prabhudas Lilladher's research report on Cera SanitarywareWe met with the management of Cera Sanitaryware Ltd. (CRS) to assess the demand, competition, pricing, and capacity expansion. Management continues to observe a slowdown in demand in the near term and is expected to review its revenue guidance of Rs25bn/Rs29bn by Mar-25/Sep-25 with ~16%+ EBITDA margin, following the conclusion of FY24. We also believe demand scenario will continue to remain subdued in the near term, while CRS expected some improvement with recent capacity expansion in faucetware division in FY25.OutlookWe estimate Revenue/ EBITDA /PAT CAGR of 18.2%/22.3%/20.9% over FY24-26E. We maintain ‘Accumulate’ rating, as we value the stock at 35x Dec’25 EPS to arrive at TP of Rs8,486.For all recommendations report, click hereDisclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.Cera Sanitaryware - 21032024 - prabhu

View stock analysis, news, and events for Cera Sanitaryware Limited