Somany Ceramics Ltd Stock Analysis

BSE: 531548 | NSE: SOMANYCERA | Ceramics/Marble/Granite/Sanitaryware | Small Cap

BSE Share Price Jan 18, 18:01
942.75 33.20 (3.65%)

DeciZen - Make an Informed Decision on Somany Ceramics

Overall Rating

1. Quality

2. Valuation

Overvalued
P/E P/S EV/EBITDA

3. Price Trend

10 Year X-Ray of Somany Ceramics:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Somany Ceramics Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide
Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21TTM
ROCE % 14.1%15.2%12.1%14%14.5%13.8%8.7%6.8%5.7%8.2%-
Value Creation Index 0.00.1-0.1-00.0-0.0-0.4-0.5-0.6-0.4-

Growth Parameters

Growth Parameters Colour Code Guide
Sales 8791,0541,2651,5431,7121,7311,7131,7151,6101,6501,939
YoY Gr. Rt. %-19.9%20%22%10.9%1.1%-1.1%0.1%-6.1%2.5%-
Adj EPS 7.69.47.711.715.922.917.312.58.416.323.2
YoY Gr. Rt. %-23.7%-17.3%50.5%36.5%44%-24.4%-27.7%-33.2%95.2%-
BVPS (₹) 36.544.457.566.4101123.7137144.7143.1154.6163.6
Adj Net Profit 26.132.330.145.267.49773.453.135.569.399
Cash Flow from Ops. 78.670.773.924.859.611711185.9153356-
Debt/CF from Ops. 2.12.32.37.84.14.24.96.73.31.2-

CAGR

CAGR Colour Code Guide
9 Years 5 Years 3 Years 1 Years
Sales 7.3%-0.7%-1.2%2.5%
Adj EPS 8.9%0.6%-1.9%95.2%
BVPS 17.48.94.18.1
Share Price 38.2% 12% 38% 176.1%

Key Financial Parameters

Performance Ratio Colour Code Guide
Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21TTM
Return on Equity % 22.723.21618.819.620.413.38.95.81114.6
Op. Profit Mgn % 8.68.26.678.413.611.19.68.411.612.6
Net Profit Mgn % 33.12.22.946.64.83.52.54.45.1
Debt to Equity 1.31.10.80.70.610.90.90.80.60.2
Working Cap Days 117112108107117140192210188154122
Cash Conv. Cycle 553728313860100102976931

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 14.60%

Debt to equity has declined versus last 3 years average to 0.63

Sales growth is good in last 4 quarters at 49.62%

Sales growth has been subdued in last 3 years -1.23%

Net Profit has been subdued in last 3 years -1.92%

Latest Financials - Somany Ceramics Ltd.

Standalone Consolidated
TTM EPS (₹) 22 23.2
TTM Sales (₹ Cr.) 1,913 1,939
BVPS (₹.) 158.1 163.6
Reserves (₹ Cr.) 663 687
P/BV 5.75 5.69
PE 41.26 40.06
From the Market
52 Week Low / High (₹) 332.80 / 952.45
All Time Low / High (₹) 3.02 / 973.80
Market Cap (₹ Cr.) 3,863
Equity (₹ Cr.) 8.5
Face Value (₹) 2
Industry PE 43.9

Management X-Ray of Somany Ceramics :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

Analyst's Notes

News

About Somany Ceramics Ltd

Somany Ceramics, founded in 1969 by late H. L. Somany, is an internationally acclaimed organization that specializes in ceramics and allied products segment. In the last four decades, Somany Ceramics has established itself as an unchallenged leader in the Indian Ceramic Industry with significant presence in India, Africa, The Middle East, United Kingdom and Russia. The company has manufacturing plants in Kadi (Gujarat) and Kassar (Haryana), India and other joint venture plants.

Business area of the company

Somany is a complete décor solutions provider and its extensive range of products include - Ceramic Wall and Floor Tiles, Polished Vitrified Tiles, Glazed Vitrified Tiles, Digital Tiles, Sanitaryware and Bath Fittings as well as Tile Laying Solutions.

Products

  • Floor Tiles
  • Wall Tiles
  • Sanitaryware
  • Bath Fittings
  • Catalogues

Milestones

  • 1968: Inception by Late Hira Lall Somany.
  • 1971: Technical collaboration with Pilkington’s Tile Holdings, UK; First unit at Kassar, Haryana started commercial production with a capacity of 0.52 msm.
  • 1981: Set up second unit in Kadi, Gujarat.
  • 1994: Indian promoters bought over all the equity shares held by Pilkington.
  • 1996: Received Government recognition for R&D facility - a first in the Indian tile industry.
  • 2000: Received Export House award.
  • 2007: Changed the name of the Company to Somany Ceramics Ltd.; Ventured into sanitary ware space.
  • 2009: Received patent for its product - VC shield, India’s highest abrasion resistant tiles - a first in Indian tile industry.
  • 2010: Commissioned first GVT manufacturing facility; Widened the Bath ware vertical by adding bath fitting products.
  • 2011: Re-branded the Company with a changed logo; received prestigious Power Brand award for its perception, performance and brand recall.
  • 2012: Received the Indian Power Brands Award second time in a row; Launched Digital tiles.
  • 2014: Secured sanitary ware manufacturing facility; Received Corporate Technical Achievement Award form American Ceramic Society (ACerS) for VC Shield.
  • 2017: Launched TVC campaign to reinforce brand visibility across digital, radio and print media.
  • 2018: Secured bath-fitting manufacturing facility.
  • 2019: Commissioned first manufacturing facility in South India; Endorsed ‘Salman Khan’ as brand ambassador.
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