Powered by: Motilal Oswal
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
News By Tags | #5795 #5948 #607 #1354
Somany Ceramics Ltd is a manufacturer and trader of a complete decor solutions By Amarjeet Maurya, Angel Broking
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. 

 

Above views are of the author and not of the website kindly read disclaimer

Disclaimer: The content of this article is for informational purposes only and should not be considered financial or investment advice. Investments in financial markets are subject to market risks, and past performance is not indicative of future results. Readers are strongly advised to consult a licensed financial expert or advisor for tailored advice before making any investment decisions. The data and information presented in this article may not be accurate, comprehensive, or up-to-date. Readers should not rely solely on the content of this article for any current or future financial references. To Read Complete Disclaimer Click Here