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Published on 16/02/2021 11:51:35 AM | Source: Angel Broking Ltd

Somany Ceramics Ltd is a manufacturer and trader of a complete decor solutions By Amarjeet Maurya, Angel Broking

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Below are Views On Somany Ceramics Ltd is a manufacturer and trader of a complete decor solutions By Mr. Amarjeet Maurya - AVP - Mid Caps, Angel Broking Ltd
 
CMP –Rs415 Target Price:-Rs520

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. 

 

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