Somany Ceramics Ltd - Stock Valuation and Financial Performance

BSE: 531548 | NSE: SOMANYCERA | Ceramics/Marble/Granite/Sanitaryware | Small Cap

Somany Ceramics Share Price

642.10 17.75 2.84%
as on 22-Nov'24 16:59

DeciZen - make an informed investing decision on Somany Ceramics

Overall Rating
Bole Toh

1. Quality

2. Valuation

Somewhat Undervalued

3. Price Trend

Somany Ceramics stock performance -

mw4me loader
P/E Ratio (CD):
31.14
Market Cap:
2,567.5 Cr.
52-wk low:
562.2
52-wk high:
872

Is Somany Ceramics Ltd an attractive stock to invest in?

1. Is Somany Ceramics Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Somany Ceramics Ltd is a average quality company.

2. Is Somany Ceramics Ltd undervalued or overvalued?

The key valuation ratios of Somany Ceramics Ltd's currently when compared to its past seem to suggest it is in the Somewhat Undervalued zone.

3. Is Somany Ceramics Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Somany Ceramics Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Somany Ceramics:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Somany Ceramics Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % 21%21.3%25.5%14.8%10.9%5.2%11.3%13.8%10.8%16.2%-
Value Creation
Index
0.50.50.80.1-0.2-0.6-0.20.0-0.20.2-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 1,5431,7121,7311,7131,7151,6101,6512,0942,4792,5912,578
Sales YoY Gr.-10.9%1.1%-1.1%0.1%-6.1%2.5%26.9%18.3%4.6%-
Adj EPS 11.715.922.917.312.58.416.220.816.92420.1
YoY Gr.-36.5%44%-24.4%-27.7%-33.2%93%28.5%-18.6%41.9%-
BVPS (₹) 66.4101123.7137144.7143.1150.9171184.7174180.2
Adj Net
Profit
45.267.49773.453.135.568.688.271.898.482
Cash Flow from Ops. 24.859.611711185.9153356143165393-
Debt/CF from Ops. 7.84.14.24.96.73.31.23.330.9-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 5.9%8.6%16.2%4.6%
Adj EPS 8.4%13.9%14.1%41.9%
BVPS11.3%3.8%4.9%-5.8%
Share Price 7.5% 28.9% -8.9% -2.6%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
18.819.620.413.38.95.81112.99.513.111.4
Op. Profit
Mgn %
78.413.611.19.68.411.59.97.69.79.5
Net Profit
Mgn %
2.946.64.83.52.54.44.42.73.93.2
Debt to
Equity
0.70.610.90.90.80.70.70.60.50.2
Working Cap
Days
10711714019221018815212411311452
Cash Conv.
Cycle
3138601001029768403416-1

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 16.22%

Net Profit is growing at healthy rate in last 3 years 14.10%

Debt to equity has declined versus last 3 years average to 0.47

Return on Equity has declined versus last 3 years average to 11.40%

Sales growth is not so good in last 4 quarters at 1.69%

Latest Financials - Somany Ceramics Ltd.

Standalone Consolidated
TTM EPS (₹) 20.7 20.1
TTM Sales (₹ Cr.) 2,505 2,578
BVPS (₹.) 182.1 180.2
Reserves (₹ Cr.) 739 731
P/BV 3.44 3.47
PE 30.27 31.14
From the Market
52 Week Low / High (₹) 562.20 / 872.00
All Time Low / High (₹) 3.02 / 973.80
Market Cap (₹ Cr.) 2,567
Equity (₹ Cr.) 8.2
Face Value (₹) 2
Industry PE 42.2

Management X-Ray of Somany Ceramics:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Somany Ceramics

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales1,5431,7121,7311,7131,7151,6101,6512,0942,4792,591
Operating Expenses 1,4361,5691,4971,5271,5521,4791,4611,8882,2932,341
Manufacturing Costs271286463491504478403646832715
Material Costs9049776436376545997188369711,093
Employee Cost 101123192217228239225257301324
Other Costs 159183199181167163115149188209
Operating Profit 108143234186163131189206186250
Operating Profit Margin (%) 7.0%8.3%13.5%10.9%9.5%8.2%11.5%9.8%7.5%9.7%
Other Income 891718191314141713
Interest 21223940464940304046
Depreciation 27283141445962646873
Exceptional Items 0-4-4-4-12-26-180-2-2
Profit Before Tax 689717711880108312693143
Tax 2231613927-1022332643
Profit After Tax 466611579532061936799
PAT Margin (%) 3.0%3.8%6.6%4.6%3.1%1.2%3.7%4.5%2.7%3.8%
Adjusted EPS (₹)11.915.323.216.610.93.513.420.916.823.6
Dividend Payout Ratio (%)17%15%12%16%18%57%18%14%18%13%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund 258428524581613606641726784713
Share Capital 8888888888
Reserves 250420516572605598632718776705
Minority Interest52083969094100108108113
Debt162209440477511445373428446293
Long Term Debt77120178165237197151175185186
Short Term Debt8589262312273248221254261107
Trade Payables208201164233202173184260378559
Others Liabilities 233272365410408245406446350399
Total Liabilities 8661,1301,5761,7971,8231,5631,7031,9692,0652,076

Fixed Assets

Gross Block4946335607108119309671,0181,3201,461
Accumulated Depreciation231252326298153208266304340
Net Fixed Assets2643815276487137787597521,0151,121
CWIP 16562825692274710
Investments 47108119114683490603215
Inventories136139221260255328245274391347
Trade Receivables259317427504418280221237268337
Cash Equivalents 15182414402014914915571
Others Assets143161202229305117230271157177
Total Assets 8661,1301,5761,7971,8231,5631,7031,9692,0652,076

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity 256011711186153356143165393
PBT 689717711880108312693143
Adjustment 434763737513311684105117
Changes in Working Capital -65-60-73-48-3826183-33-9168
Tax Paid -22-24-49-33-32-15-25-35-25-34
Cash Flow From Investing Activity -38-192-131-110-89-15-90-255-91-123
Capex -51-136-105-130-156-66-41-268-172-157
Net Investments 10-60-2669718-75-77019
Others 34-114-303427201115
Cash Flow From Financing Activity -613110-1027-153-13964-21-356
Net Proceeds from Shares 011764100001013
Net Proceeds from Borrowing 13448-888-53-4721161
Interest Paid -20-22-40-40-41-48-40-31-38-47
Dividend Paid -7-9-12-14-14-17-100-13-13
Others 814748-16-34-42744-310
Net Cash Flow -19-1-4-924-15128-4952-85
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)19.0819.1124.1614.328.923.29.7213.678.8613.27
ROCE (%)20.9921.2525.4514.7810.935.1511.3313.7610.7516.24
Asset Turnover Ratio2.011.811.411.040.950.981.041.181.281.3
PAT to CFO Conversion(x)0.540.911.021.411.627.655.841.542.463.97
Working Capital Days
Receivable Days53587197987754393641
Inventory Days26283450556461444750
Payable Days78761031141221149197120156

Somany Ceramics Ltd Stock News

Somany Ceramics Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Somany Ceramics on 22-Nov-2024 16:59 is ₹642.1.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 22-Nov-2024 16:59 the market cap of Somany Ceramics stood at ₹2,567.5.
The latest P/E ratio of Somany Ceramics as of 22-Nov-2024 16:59 is 30.27.
The latest P/B ratio of Somany Ceramics as of 22-Nov-2024 16:59 is 3.44.
The 52-week high of Somany Ceramics is ₹872.0 and the 52-week low is ₹562.2.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Somany Ceramics is ₹2,505 ( Cr.) .

About Somany Ceramics Ltd

Somany Ceramics, founded in 1969 by late H. L. Somany, is an internationally acclaimed organization that specializes in ceramics and allied products segment. In the last four decades, Somany Ceramics has established itself as an unchallenged leader in the Indian Ceramic Industry with significant presence in India, Africa, The Middle East, United Kingdom and Russia. The company has manufacturing plants in Kadi (Gujarat) and Kassar (Haryana), India and other joint venture plants.

Business area of the company

Somany is a complete décor solutions provider and its extensive range of products include - Ceramic Wall and Floor Tiles, Polished Vitrified Tiles, Glazed Vitrified Tiles, Digital Tiles, Sanitaryware and Bath Fittings as well as Tile Laying Solutions.

Products

  • Floor Tiles
  • Wall Tiles
  • Sanitaryware
  • Bath Fittings
  • Catalogues

Milestones

  • 1968: Inception by Late Hira Lall Somany.
  • 1971: Technical collaboration with Pilkington’s Tile Holdings, UK; First unit at Kassar, Haryana started commercial production with a capacity of 0.52 msm.
  • 1981: Set up second unit in Kadi, Gujarat.
  • 1994: Indian promoters bought over all the equity shares held by Pilkington.
  • 1996: Received Government recognition for R&D facility - a first in the Indian tile industry.
  • 2000: Received Export House award.
  • 2007: Changed the name of the Company to Somany Ceramics Ltd.; Ventured into sanitary ware space.
  • 2009: Received patent for its product - VC shield, India’s highest abrasion resistant tiles - a first in Indian tile industry.
  • 2010: Commissioned first GVT manufacturing facility; Widened the Bath ware vertical by adding bath fitting products.
  • 2011: Re-branded the Company with a changed logo; received prestigious Power Brand award for its perception, performance and brand recall.
  • 2012: Received the Indian Power Brands Award second time in a row; Launched Digital tiles.
  • 2014: Secured sanitary ware manufacturing facility; Received Corporate Technical Achievement Award form American Ceramic Society (ACerS) for VC Shield.
  • 2017: Launched TVC campaign to reinforce brand visibility across digital, radio and print media.
  • 2018: Secured bath-fitting manufacturing facility.
  • 2019: Commissioned first manufacturing facility in South India; Endorsed ‘Salman Khan’ as brand ambassador.
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