Buy Somany Ceramics, target price Rs 960: JM Financial

Buy Somany Ceramics, target price Rs 960:  JM Financial

has buy call on with a target price of Rs 960. The current market price of Somany Ceramics Ltd. is Rs 626.8. Time period given by analyst is one year when Somany Ceramics price can reach defined target.
., incorporated in the year 1968, is a Small Cap company (having a market cap of Rs 2669.08 Crore) operating in Building Materials sector.

Somany Ceramics Ltd. key Products/Revenue Segments include Ceramic Floor & Wall Tiles, Other Operating Revenue and Scrap for the year ending 31-Mar-2021.


For the quarter ended 30-06-2022, the company reported a Consolidated Total Income of Rs 563.10 Crore, down -8.92 % from last quarter Total Income of Rs 618.24 Crore and up 67.82 % from last year same quarter Total Income of Rs 335.53 Crore. Company reported net profit after tax of Rs 19.36 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 54.78 per cent stake in the company as of 30-Jun-2022, while FIIs owned 2.43 per cent, DIIs 20.44 per cent.

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