Somany Ceramics Stocks: Buy Somany Ceramics; Target price Rs 896: ICICI Securities | Techno Glob

Call buy on Somany Ceramics with a target price of Rs 896. Current market price. 518.65 rupees.

Established in 1968, Somany Ceramics Ltd. is a Small Cap company (market cap Rs 2201.23 crore) operating in the construction materials sector.

Ltd. Key product/revenue segments for the year ending 31-Mar-2022 include ceramic floor and wall tiles; other operating income; Includes scrap and export incentives.


For the quarter ended 30-09-2022, the company posted a total revenue of Rs 620.67 crore; Last quarter’s total revenue was up 10.22% from Rs 563.10 crore and 9.94% from last year’s same quarter total revenue of Rs 564.56 crore. The company reported a net profit after tax of Rs 11.69 crore in the last quarter.

Promoter/FII Holdings
Promoters hold 54.78 per cent stake in the company as on 30-Jun-2022, while FIIs hold 2.43 per cent; DII owns 20.44 percent.

(Disclaimer: The recommendations given in this section or the reports attached hereto are written by a third party. The views expressed are the views of the respective authors/organizations. They do not represent the views of Economic Times (ET). ET does not guarantee, vouch, endorse any of its contents and hereby disclaims all warranties. , EXPRESS OR IMPLIED DISCLAIMS RELATING TO SAME.PLEASE CONSULT YOUR FINANCIAL ADVISOR AND GET INDEPENDENT ADVICE.

Source link