Buy Somany Ceramics, target price Rs 1110: HDFC Securities

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HDFC Securities has buy call on Somany Ceramics with a target price of Rs 1110. The current market price of Somany Ceramics is Rs 677.75. Time period given by analyst is one year when Somany Ceramics Ltd. price can reach defined target.

Somany Ceramics Ltd., incorporated in the year 1968, is a Small Cap company (having a market cap of Rs 2873.59 Crore) operating in Building Materials sector.

Somany Ceramics Ltd. key Products/Revenue Segments include Ceramic Floor & Wall Tiles, Other Operating Revenue and Scrap for the year ending 31-Mar-2021.

Financials

For the quarter ended 31-12-2021, the company reported a Consolidated Total Income of Rs 591.79 Crore, up 4.82 % from last quarter Total Income of Rs 564.56 Crore and up 19.37 % from last year same quarter Total Income of Rs 495.78 Crore. Company reported net profit after tax of Rs 34.16 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 54.78 per cent stake in the company as of 31-Mar-2022, while FIIs owned 2.51 per cent, DIIs 20.2 per cent.

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