Our equity analysts published Hidden Gem - Dec 2011 research report with Buy recommendation on Cera Sanitaryware (BSE Code: 532443, NSE Code: CERA) and shared it with all Hidden Gems members. Research report was published 5 years back on 24th Dec'11 and Buy was recommended on Cera Sanitaryware Ltd at average price of Rs. 157 with a target price of Rs 350. When target price was achieved, we suggested our members to continue to hold it. Today, Cera Sanitaryware is a 17-Bagger stock for our Hidden Gems members, stock closed at Rs. 2640 today giving absolute returns of 1582% in last 5 years.
Considering strong fundamentals of the company with robust YoY growth, we added Cera Sanitaryware in our Wealth-Builder portfolio almost 3.5 years back at price range of 400 - 450 and continue suggesting our subscribers to invest in this stock even at higher price range of Rs. 1600 - 1800 levels with a long term view. We have not suggested any profit booking in this stock so far and stock has multiplied investments of our Hidden Gems members by almost 17 times. As on date, Cera Saniwaryware is giving whopping 1582% returns to our Hidden Gems members within period of 5 years and returns of 560% to our Wealth-Builder members in period of 3.5 years.
Cera declared its Sept'16 quarter results yesterday which is in line with our expectations. Net profit of Cera Sanitaryware rose 40.60% to Rs 25.14 crore in the quarter ended September 2016 as against Rs 17.88 crore during the previous quarter ended September 2015. Sales rose 12.64% to Rs 249.21 crore in the quarter ended September 2016 as against Rs 221.24 crore during the previous quarter ended September 2015. We suggest our members to continue holding the stock for long term.
Note: Its important to diversify your small cap stock portfolio, you can't just bet on one or two stocks. Our objective is to protect & grow your capital giving 100% to identify best of Hidden Gems but we do not guarantee similar returns from all our recommendations. Few of our Hidden Gems can perform better in a lesser span of time, few may take more time and need to hold for longer period.
Below is the summary of Cera Sanitaryware Ltd published in our Hidden Gem research report - Dec'11.
- 50% at current market price of 166.40
- 50% at price range of 145-150 (If stock price falls during market correction)
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