Anand Rathi has given Buy recommendation for Cera Sanitaryware with a target price of Rs. 5171 in its research report issued on May 19, 2022
Anand Rathi’s research report on Cera Sanitaryware
Cost improvements and price hikes in a high-cost context boosted Cera’s operating performance. While its B/S continues to be net cash, its coming sanitaryware and faucet expansions would help it cater to mounting demand.
We upgrade our rating to a Buy, with a lower TP of Rs.5,171, at a PE of 30x FY24e.