Cera Sanitaryware which recently turned ex-dividend for an hefty reward is an attractive bet ahead. The stock traded volatile on June 26. The stock ended lower after market hours. The company is scheduled to pay its highest ever dividend of 1200% amounting to Rs 60 per share. While the stock is currently below Rs 9,000 levels, and is recommended to BUY.
Cera Sanitaryware Share Price:
The stock ended at Rs 8,993.25 per share on BSE, down by Rs 17.50 or 0.19% on June 26 with market cap of Rs 11,696.51 crore. The stock ranged from Rs 9,025.90 to Rs 8,830 apiece during the day.
The stock's 52-week high and low is at Rs 9,782.25 and Rs 6,551.25 apiece respectively. YTD, the stock is up by 14.07% on BSE, while in a year, the stock zoomed by 18%.
The midcap has a market value of Rs 11,696.51 crore.
Cera Sanitaryware Dividend:
The stock turned ex-dividend on June 25 for its highest ever dividend of Rs 60 per share.
The company recommended dividend of Rs. 60/- (1200%) per fully paid-up equity share of Rs. 5/- each for the year ended 31.03.2024. The dividend, if approved by the members at ensuing Annual General Meeting, will be dispatched / remitted within 30 days from the date of declaration.
This is highest ever dividend by Cera. In 2023, the company paid dividend of Rs 50 per share, while in 2022, the payout was of Rs 35 per share including a special dividend of Rs 15 per share.
Cera Sanitaryware Share Price BUY/SELL?
As per Trendlyne data, the consensus recommendation from 17 analysts for Cera Sanitaryware Ltd. is BUY.
Brokerage Antique Stock Broking has recommended BUY for a target price of Rs 9,620. The brokerage expects the PE of Cera Sanitaryware ar 39.4x in FY25E, while it is expected to drop to 34.2x in FY26E. While RoE is expected to rise to 18.6% in FY25E, and further to touch 19% in FY26-27E.
Cera Sanitaryware About Us:
Cera Sanitaryware offers a comprehensive portfolio of products ranging from sanitaryware, faucets and tiles to wellness solutions like high-end showers, steam cubicles, whirlpools, and more. Every product is a design marvel resulting from advanced technology combined with innovative processes.
The company set benchmarks in the industry with its water-saving twin-flush coupled WCs, 4-litre flush WCs, and one-piece WCs. Also, its Core Urinal was declared an innovation at the Design Wall competition hosted by Economic Times Acetech in 2019. Bringing together leading-edge technologies and its commitment to innovation, the company continue to forge the way ahead with more eco-friendly innovations
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