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Somany Ceramics

₹626.1 -2.8 | 0.4%

Market Cap ₹2567 Cr.

Stock P/E 29.4

P/B 3.6

Current Price ₹626.1

Book Value ₹ 175.1

Face Value 2

52W High ₹819

Dividend Yield 0.48%

52W Low ₹ 542.1

Somany Ceramics Research see more...

Overview Inc. Year: 1968Industry: Ceramics/Marble/Granite/Sanitaryware

Somany Ceramics Ltd is a manufacturer and marketer of tiles and offers a range of sanitary ware and bathtub fittings. It is engaged in manufacturing floor tiles and ceramic/vitrified wall. It operates thru Ceramic Tiles and Allied products segment. It offers various decor solutions across a number of merchandise and additionally tile laying services. Its product categories consist of polished vitrified tiles, glazed vitrified tiles and digital tiles. Its floor tiles consist of durastone, polished vitrified and slip shield. It offers wall tiles for kitchen, lavatory, bed room, home, office and motels wall in India. Its chrome plated (CP) fittings consist of taps, showers and allied merchandise. Its allied merchandise consist of frame of hi-float divertor, body of regular divertor, brass beauty solution, material liner, echo bottle trap round and urinal spreader. Its tile laying solutions consists of Ezy Fix, Tile Master and EZY Grout. It exports products to around 50 countries.

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Somany Ceramics Share Price

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Somany Ceramics Quarterly Results

#(Fig in Cr.) Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
Net Sales 561 587 617 559 618 622 679 587 655 612
Other Income 4 3 1 4 3 4 4 2 4 3
Total Income 565 590 618 563 621 627 683 589 659 615
Total Expenditure 493 522 566 514 576 582 618 536 591 553
Operating Profit 72 67 52 49 45 45 65 53 68 62
Interest 8 7 6 7 10 12 12 11 11 11
Depreciation 16 16 17 15 17 17 19 17 18 19
Exceptional Income / Expenses 0 0 0 0 -2 0 0 -7 0 1
Profit Before Tax 48 44 29 26 16 16 34 18 39 33
Provision for Tax 13 10 8 7 5 5 10 6 10 10
Profit After Tax 35 34 21 19 12 11 24 13 30 23
Adjustments -0 -2 -3 1 3 0 -0 2 -0 -1
Profit After Adjustments 35 32 17 21 15 12 24 15 29 22
Adjusted Earnings Per Share 8.3 7.6 4 4.8 3.5 2.8 5.7 3.4 6.9 5.2

Somany Ceramics Profit & Loss

#(Fig in Cr.) Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
Net Sales 1054 1265 1543 1712 1731 1713 1715 1610 1651 2094 2479 2533
Other Income 3 3 8 9 17 18 19 13 14 14 17 13
Total Income 1056 1268 1551 1721 1748 1731 1734 1623 1664 2108 2496 2546
Total Expenditure 968 1183 1436 1569 1497 1527 1552 1479 1461 1888 2293 2298
Operating Profit 88 84 115 152 251 204 183 144 203 220 203 248
Interest 20 19 21 22 39 40 46 49 40 30 40 45
Depreciation 21 22 27 28 31 41 44 59 62 64 68 73
Exceptional Income / Expenses 0 0 0 -4 -4 -4 -12 -26 -18 0 -2 -6
Profit Before Tax 48 44 68 97 177 118 80 10 83 126 93 124
Provision for Tax 15 17 22 31 61 39 27 -10 22 33 26 36
Profit After Tax 33 27 46 66 115 79 53 20 61 93 67 90
Adjustments -1 2 0 -1 -17 -9 -7 -5 -4 -5 5 1
Profit After Adjustments 32 29 46 65 98 70 46 15 57 89 71 90
Adjusted Earnings Per Share 9.3 7.4 11.9 15.3 23.2 16.6 10.9 3.5 13.4 20.9 16.8 21.2

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 18% 15% 8% 9%
Operating Profit CAGR -8% 12% -0% 9%
PAT CAGR -28% 50% -3% 7%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 14% 14% 10% 13%
ROE Average 9% 11% 9% 14%
ROCE Average 11% 12% 10% 16%

Somany Ceramics Balance Sheet

#(Fig in Cr.) Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Shareholder's Funds 153 223 258 428 524 581 613 606 641 726 787
Minority's Interest 0 4 5 20 83 96 90 94 100 108 108
Borrowings 62 71 77 120 178 165 237 197 151 175 185
Other Non-Current Liabilities 43 49 51 57 78 82 86 98 107 104 109
Total Current Liabilities 364 399 474 505 712 872 797 568 704 856 886
Total Liabilities 621 747 866 1130 1576 1797 1823 1563 1703 1969 2075
Fixed Assets 200 241 264 381 527 648 713 778 759 752 1015
Other Non-Current Assets 22 36 41 47 75 43 48 24 30 250 88
Total Current Assets 399 470 561 702 973 1106 1062 761 914 966 972
Total Assets 621 747 866 1130 1576 1797 1823 1563 1703 1969 2075

Somany Ceramics Cash Flow

#(Fig in Cr.) Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Opening Cash & Cash Equivalents 22 26 35 20 19 15 6 30 15 143 94
Cash Flow from Operating Activities 71 74 25 60 117 111 86 153 356 143 165
Cash Flow from Investing Activities -40 -104 -38 -192 -131 -110 -89 -15 -90 -255 -91
Cash Flow from Financing Activities -28 39 -6 131 10 -10 27 -153 -139 64 -21
Net Cash Inflow / Outflow 4 9 -19 -1 -4 -9 24 -15 128 -49 52
Closing Cash & Cash Equivalent 26 35 15 18 15 6 30 15 143 94 146

Somany Ceramics Ratios

# Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Earnings Per Share (Rs) 9.28 7.43 11.94 15.27 23.16 16.62 10.93 3.54 13.43 20.88 16.83
CEPS(Rs) 15.39 12.6 18.67 22.14 34.53 28.41 23.01 18.51 28.77 37.05 31.73
DPS(Rs) 1.2 1.5 2 2.3 2.7 2.7 2 2 2.4 3 3
Book NAV/Share(Rs) 44.37 57.53 66.42 101.03 123.68 137.02 144.66 143.1 150.86 171 184.67
Core EBITDA Margin(%) 7.68 6.1 6.63 7.93 12.27 10.64 9.52 7.94 11.12 9.52 7.23
EBIT Margin(%) 6.07 4.65 5.47 6.62 11.31 9.06 7.35 3.57 7.21 7.2 5.18
Pre Tax Margin(%) 4.28 3.26 4.2 5.37 9.27 6.77 4.67 0.58 4.86 5.83 3.61
PAT Margin (%) 2.92 1.99 2.83 3.64 6.04 4.53 3.1 1.18 3.56 4.31 2.6
Cash Profit Margin (%) 4.75 3.67 4.47 5.21 7.68 6.89 5.69 4.75 7.17 7.26 5.24
ROA(%) 5.66 3.88 5.7 6.57 8.5 4.69 2.94 1.15 3.71 5.09 3.31
ROE(%) 23.36 14.09 19.08 19.11 24.16 14.32 8.92 3.2 9.72 13.67 8.86
ROCE(%) 22.31 17.48 20.99 21.25 25.45 14.78 10.93 5.15 11.33 13.76 10.75
Receivable days 51.43 53.27 53.36 58.35 71.27 97.2 98.07 77.05 53.65 38.58 35.85
Inventory Days 36.13 28.86 25.56 27.85 34.43 50.19 54.72 64.34 61.44 43.73 47.2
Payable days 80.12 82.72 77.96 76.36 103.43 113.69 121.53 114.34 90.73 96.93 119.92
PER(x) 6.96 22.03 33.4 25.75 29.7 40.36 38.59 25.71 31.69 31.02 29.02
Price/Book(x) 1.46 2.85 6 3.89 5.56 4.9 2.92 0.64 2.82 3.79 2.64
Dividend Yield(%) 1.86 0.92 0.5 0.59 0.39 0.4 0.47 2.2 0.56 0.46 0.61
EV/Net Sales(x) 0.34 0.61 1.12 1.11 1.96 1.97 1.35 0.54 1.26 1.47 0.97
EV/Core EBITDA(x) 4.07 9.15 14.98 12.45 13.51 16.52 12.71 5.99 10.26 14 11.85
Net Sales Growth(%) 19.89 20.01 22.01 10.92 1.12 -1.05 0.14 -6.12 2.52 26.89 18.34
EBIT Growth(%) 19.2 -8.49 42.87 34.56 80.69 -26.56 -20.38 -53.18 108.28 26.96 -14.61
PAT Growth(%) 29.74 -18.59 73.16 42.74 75.49 -31.24 -32.68 -63.38 210.67 54.18 -28.37
EPS Growth(%) 27.46 -19.9 60.68 27.84 51.72 -28.23 -34.25 -67.61 279.25 55.53 -19.39
Debt/Equity(x) 1.06 0.77 0.74 0.57 0.95 0.93 0.93 0.82 0.66 0.66 0.62
Current Ratio(x) 1.1 1.18 1.18 1.39 1.37 1.27 1.33 1.34 1.3 1.13 1.1
Quick Ratio(x) 0.77 0.95 0.89 1.12 1.06 0.97 1.01 0.76 0.95 0.81 0.65
Interest Cover(x) 3.39 3.35 4.32 5.31 5.53 3.96 2.74 1.19 3.06 5.26 3.3
Total Debt/Mcap(x) 0.73 0.27 0.12 0.15 0.17 0.19 0.32 1.29 0.23 0.17 0.24

Somany Ceramics Shareholding Pattern

# Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
Promoter 54.77 54.78 54.78 54.78 54.78 54.78 54.78 54.78 54.78 55.02
FII 2.48 2.51 2.43 2.27 1.74 1.38 1.57 1.45 1.43 1.32
DII 20.05 20.2 20.44 20.8 21.5 22.02 21.92 23.64 23.26 23.82
Public 22.71 22.5 22.34 22.14 21.98 21.81 21.72 20.12 20.53 19.85
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Pros

Cons

  • Company has a low return on equity of 11% over the last 3 years.
  • Debtor days have increased from 96.93 to 119.92days.
  • Stock is trading at 3.6 times its book value.
  • The company has delivered a poor profit growth of -3% over past five years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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