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Cera Sanitaryware Ltd.

BSE: 532443 Sector: Consumer
NSE: CERA ISIN Code: INE739E01017
BSE 00:00 | 26 Mar 2650.00 -5.10
(-0.19%)
OPEN

2654.55

HIGH

2658.00

LOW

2626.60

NSE 00:00 | 26 Mar 2650.25 -3.05
(-0.11%)
OPEN

2690.00

HIGH

2690.00

LOW

2625.00

OPEN 2654.55
PREVIOUS CLOSE 2655.10
VOLUME 384
52-Week high 3504.05
52-Week low 2151.00
P/E 32.02
Mkt Cap.(Rs cr) 3,445
Buy Price 2633.00
Buy Qty 1.00
Sell Price 2695.00
Sell Qty 5.00
OPEN 2654.55
CLOSE 2655.10
VOLUME 384
52-Week high 3504.05
52-Week low 2151.00
P/E 32.02
Mkt Cap.(Rs cr) 3,445
Buy Price 2633.00
Buy Qty 1.00
Sell Price 2695.00
Sell Qty 5.00

Cera Sanitaryware Ltd. (CERA) - Company History

Cera Sanitaryware Ltd (formerly Madhusudan Oils and Fats Limited) is engaged in the business of manufacturing selling and trading of building products. The company's main product lines are Sanitaryware Faucetsware and Bathware. The company markets its products under the CERA brand. The company also operates wind & solar power units for captive use. Cera Sanitaryware Ltd a Gujarat based company was incorporated in the year 2002.The company is headed by its Chairman Vikram Somany. The company is engaged in Manufacture of Ceramic SinksWash BasinsWash Basin Pedestals Baths BidetsWater Closet Pans Flushing Cisterns Urinals and similar Sanitary fixtures. During 2002-03 the company introduced a water saver EWC.Cera Sanitaryware discontinued its Fixed Deposit Scheme from the Financial Year 2012-13.During the year ended 31 March 2014 Cera Sanitaryware expanded its annual production capacity of sanitaryware to 2.7 Mn. Pcs. for meeting the increased demand of its products.As a part of company's green initiative and to reduce power cost the company's two wind-turbines of 2.850 MW capacity had been commissioned during the year at Dist. Surendranagar & Dist. Jamnagar in Gujarat.During the year under review the company repaid loans of Rs. 610.00 Lacs to Financial Institutions and Banks.During the year ended 31 March 2015 Cera Sanitaryware expanded its annual production capacity of sanitaryware to 3 Mn. Pcs. for meeting the increased demand of its products. The new ranges and designs of Faucets have been well accepted by the market. The company attained its full capacity in the year. Owing to this success the company has further expanded its Faucets capacity to 2.34 Mn.Pcs. p.a.As a part of national policy and Green initiative generation of electricity through non-conventional sources and to stabilize power cost Cera Sanitaryware installed two wind-turbines of 4 MW and solar energy of 1 MW capacity at Dist. Jamnagar & Dist. Mehsana respectively in Gujarat during the year ended 31 March 2015. During the year under review the company repaid loans of Rs. 675.02 lacs to Financial Institutions and Banks.In March 2015 Cera Sanitaryware issued 351000 equity shares on preferential basis. During the financial year ended 31 March 2016 Cera Sanitaryware repaid loans of Rs 890.30 Lacs to Financial Institutions and Banks.The expansion plan of Cera Sanitaryware's Faucetsware unit was attained in 2015-16.During the year under review the company launched CERA Style Studios on Wheels a novel concept to take CERA products to the doorsteps of key decision makers like architects developers etc. The company also strengthened CERA Care its after-sales division with induction of technicians for taking care of its services in all key cities of the country.During the financial year ended 31 March 2017 Cera Sanitaryware's topline crossed Rs. 1000 crore - an important milestone in the history of the company. During the year under review the company repaid loans of Rs. 890.30 Lacs to Financial Institutions and Banks.During the year under review the company opened expanded CERA Style Studios its touch and feel experience centres in Kolkata and Kochi. Cera Sanitaryware has entered into a Joint Venture with Anjani Tiles Limited at Andhra Pradesh with 51% Equity and 54% Preference Share holding in aggregate amounting to Rs 2933 Lakhs (Previous Year Rs 2678 Lakhs) for producing Vitrified Floor Tiles of 10000 Sq. Mtr. per day. Anjani Tiles Limited became subsidiary of Cera Sanitaryware w.e.f. 23rd November 2015. The commercial production of tiles from this plant has started from 1 April 2016.During the year ended 31 March 2018 Cera Sanitaryware's Zamac plant for manufacturing of Zamac handles has commissioned and commercial production commenced which has helped the company to stop imports.During the year under review the company launched two brands to cater to all price segments-JEET for mass segment and SENATOR by CERA for premium segment. The company launched new designs in faucets tiles Sanitaryware wellness kitchen sinks and mirrors thereby keeping up and even ahead of the market trend. The company opened several CERA Style Galleries across India to give touch and feel experience to its customers.As a part of national policy and Green initiative Cera Sanitaryware has stabilized power cost by generation of electricity through nonconventional sources for captive use. The company has installed and commissioned one more M.W Solar Energy unit during the year.During the year under review Cera Sanitaryware repaid loans of Rs 533.53 Lakhs to Financial Institutions and Banks.