Buy Somany Ceramics, target price Rs 896: ICICI Securities

ICICI Securities has buy call on Somany Ceramics with a target price of Rs 896. The current market price of Somany Ceramics Ltd. is Rs 518.65.

Somany Ceramics Ltd., incorporated in the year 1968, is a Small Cap company (having a market cap of Rs 2201.23 Crore) operating in Building Materials sector.

Somany Ceramics Ltd. key Products/Revenue Segments include Ceramic Floor & Wall Tiles, Other Operating Revenue, Scrap and Export Incentives for the year ending 31-Mar-2022.



Financials
For the quarter ended 30-09-2022, the company reported a Consolidated Total Income of Rs 620.67 Crore, up 10.22 % from last quarter Total Income of Rs 563.10 Crore and up 9.94 % from last year same quarter Total Income of Rs 564.56 Crore. Company reported net profit after tax of Rs 11.69 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 54.78 per cent stake in the company as of 30-Jun-2022, while FIIs owned 2.43 per cent, DIIs 20.44 per cent.