Somany Ceramics Ltd., incorporated in the year 1968, is a Small Cap company (having a market cap of Rs 783.60 Crore) operating in Building Materials sector.
By ETMarkets.com | Updated:
Getty Images
Promoters held 70.01 per cent, while FIIs held 13.03 per cent, DII held 3.64 per cent, and public and others 13.16 per cent stake in the company as of March 31, 2020.
ICICI Securities has given buy rating to Somany Ceramics with a target price of Rs 304. The share price moved up by 5.69 per cent from its previous close of Rs 185.40. The stock’s last traded price is Rs 195.95.
Somany Ceramics Ltd., incorporated in the year 1968, is a Small Cap company (having a market cap of Rs 783.60 Crore) operating in Building Materials sector.
Financials For the quarter ended 30-06-2020, the company reported a Consolidated sales of Rs 169.42 Crore, down 52.10 % from last quarter Sales of Rs 353.72 Crore and down -56.86 % from last year same quarter Sales of Rs 392.73 Crore. The Company reported net profit after tax of Rs -26.37 Crore in latest quarter.
Investment Rationale After May and Jun’20 witnessed robust cash collections from the trade, the company has progressively seen a sharp recovery in sales over the last three months. The capacity utilisation too has seen a marked improvement during the same period.
Promoter/FII Holdings Promoters held 70.01 per cent, while FIIs held 13.03 per cent, DII held 3.64 per cent, and public and others 13.16 per cent stake in the company as of March 31, 2020.
