Published on 16/02/2021 11:51:35 AM | Source: Angel Broking Ltd
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel https://t.me/InvestmentGuruIndia
Download Telegram App before Joining the Channel
Somany Ceramics Ltd (SCL) is a manufacturer and trader of a complete decor solutions and its extensive range of products include Ceramic Wall and Floor Tiles, Polished Vitrified Tiles etc.q.Shift from unorganized (currently - 60%) to organized (currently -40%) tiles markets will benefit branded players like SCL.Further, Exports anti-dumping duty levied by the US on Chinese players as well as other countries, has been absorbing the Morbi based unorganised volumes, thus improving the demand and pricing scenario for organized players like SCL. We expect SCL to report healthy bottom-line over FY2020-23E due to strong brand and wide distribution network and improvement in operating margins.
Above views are of the author and not of the website kindly read disclaimer
