Somany Ceramics Ltd., incorporated in the year 1968, is a Small Cap company (having a market cap of Rs 974.73 Crore) operating in Building Materials sector.
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Promoters held 51.5 per cent stake in the company as of June 30, 2020, while FIIs held 4 per cent, DIIs 16.7 per cent and public and others 28 per cent.
ICICI Securities has given a buy rating to Somany Ceramics with a target price of Rs 380. The share price moved up by 4.33 per cent from its previous close of Rs 220.40. The stock’s last traded price is Rs 229.95.
Somany Ceramics Ltd., incorporated in the year 1968, is a Small Cap company (having a market cap of Rs 974.73 Crore) operating in Building Materials sector.
Financials For the quarter ended 30-09-2020, the company reported a Consolidated sales of Rs 422.52 Crore, up 149.39 % from last quarter Sales of Rs 169.42 Crore and up .81 % from last year same quarter Sales of Rs 419.14 Crore Company reported net profit after tax of Rs 21.29 Crore in latest quarter.
Investment Rationale The brokerage also expects volume growth momentum to sustain over the next 2-3 years driven by market share gains on the considerably low base of last five years and recent tightening of receivables. Promoter/FII Holdings Promoters held 51.5 per cent stake in the company as of June 30, 2020, while FIIs held 4 per cent, DIIs 16.7 per cent and public and others 28 per cent.
