Consumer Durables
Somany Ceramics Limited engages in the manufacture and sale of ceramic tiles and related products in India. It offers ceramic wall and floor, polished vitrified, and glazed vitrified tiles; sanitaryware, such as toilets, basins, vanity cabinets, cisterns, urinals, and sanitary accessories; bath fittings, including faucets, showers, bath fitting accessories, allied products, and health faucets; smart bathware products comprising sensor urinals, sensor faucets and toilets, and dispensers and sanitizers; water heaters; and adhesives. The company provides its products under the Somany brand name. The company also exports its products. Somany Ceramics Limited was incorporated in 1968 and is headquartered in Noida, India.
Smart Money: Smart money has been increasing their position in the stock.
Balance Sheet: Strong Balance Sheet.
Technicals: Bullish SharesGuru indicator.
Buy Backs: Company has bought back it's stock in the past which is a good thing.
Momentum: Stock has a weak negative price momentum.
Comprehensive comparison against sector averages
SOMANYCERA metrics compared to Consumer
Category | SOMANYCERA | Consumer |
---|---|---|
PE | 23.87 | 63.86 |
PS | 0.66 | 2.00 |
Growth | 3.5 % | 8.1 % |
SOMANYCERA vs Consumer (2021 - 2025)
Understand Somany Ceramics ownership landscape with insights into key distribution patterns, offering investors a clear view of stakeholder dynamics.
Shareholder Name | Holding % |
---|---|
ABHISHEK SOMANY- TRUSTEE OF SHAKTHI FAMILY TRUST | 23.83% |
SHREEKANT SOMANY- TRUSTEE OF SRIJAN FAMILY TRUST | 10.25% |
SHRIVATSA SOMANY - TRUSTEE OF SANRAKSHITH FAMILY TRUST | 10.25% |
KOTAK SMALL CAP FUND | 6.9% |
FRANKLIN BUILD INDIA FUND | 5.23% |
NIPPON LIFE INDIA TRUSTEE LTD-A/C NIPPON INDIA CONSUMPTION FUND | 4.78% |
ABHISHEK SOMANY (HUF) | 4.52% |
HSBC SMALL CAP FUND | 4.23% |
ANJANA SOMANY | 2.56% |
MINAL SOMANY | 1.63% |
SANJEEV VINODCHANDRA PAREKH | 1.55% |
NEW MARK CAPITAL INDIA FUND I | 1.1% |
KIRTIVARDHAN FINVEST SERVICES LIMITED | 1.03% |
AANVI SOMANY | 0.71% |
ANUSHREE CHOPRA | 0.48% |
SHRIVATSA SOMANY | 0.28% |
SHREEKANT SOMANY | 0.28% |
AMEYA SOMANY | 0.15% |
ABHISHEK SOMANY | 0.05% |
Distribution across major stakeholders
Distribution across major institutional holders
Summary of Somany Ceramics's latest earnings call, featuring management's outlook on business performance, financial results, and analyst Q&A sessions that highlight key strategic initiatives and market challenges.
Last updated: Feb 25
Management Outlook:
Management anticipates Q4 FY25 to show slight improvement with green shoots in demand, particularly from project orders starting in Q1/Q2 FY26. They expect mid- to high single-digit revenue growth for FY25, aiming for low double-digit growth in FY26, contingent on economic recovery, government infrastructure spending, and increased residential/commercial project completions. Margins are projected to stabilize or improve (8.4% in Q3) through higher capacity utilization (80%+), better product mix (targeting 40% revenue from PVT/GVT tiles), and cost leverage. Exiting non-core JVs and strategic acquisitions (construction chemicals) aim to boost profitability and diversify revenue streams.
Major Points:
Last updated: Feb 25
Question 1:
"Just wanted to understand demand perspective from your end. We have seen I think I don't know which H2, but we always hope that demand would revive in H2. But somehow we have not yet seen that. And with the amount of completions that we would be seeing on ground, I just wanted to... understand where are we missing this demand in terms of?"
Answer:
Somany grew 4.5% in Q3 despite weak industry demand, outperforming peers. Retail sales improved, but project orders (builders) are expected to drive growth from Q1/Q2 FY26. Weakness stems from deferred individual homebuying (IHB) and slower-than-expected builder activity. Margins held via disciplined pricing, no discounting, and stable receivables.
Question 2:
"On the margin front... Will it incrementally lead to any further margin dilution... given incremental projects order coming in?"
Answer:
Project orders may entail slightly lower pricing, but higher capacity utilization (currently 80%) offsets this via cost leverage. Focus on value-added products (e.g., GVT, large-format tiles) supports margins. No significant dilution expected as volume gains balance pricing.
Question 3:
"What would be the current mix of retail versus projects? And... Tier 1, Tier 2, Tier 3 sales?"
Answer:
Retail constitutes ~75% of sales (vs. 77"“80% earlier), with projects (govt: 10"“11%, private builders: 8"“9%) and exports (3%). Tier-wise breakdown not specified, but project share is rising (2"“3% shift from retail).
Question 4:
"Regarding our tile sales volume in December quarter... own/JV tile sales de-grew by 7%... outsourced tile sales grew sharply by 35%... reason for the same?"
Answer:
Temporary line shutdowns in owned/JV plants caused volume dips. Outsourcing increased due to strategic sourcing mix adjustments. Post-JV exits, sourcing will shift further to OEMs, normalizing volumes in subsequent quarters.
Question 5:
"On fuel cost... average fuel cost by region-wise... impact of rupee depreciation?"
Answer:
Northern plants: Rs.43/unit, Western (incl. Morbi JVs): Rs.49, Southern: Rs.51. Rupee depreciation may marginally increase gas costs (partial dollar linkage), but overall fuel expenses stable.
Question 6:
"Why is tiles sector underperforming vs. pipes, cement, etc.?"
Answer:
Morbi's export collapse (Rs.20,000cr to Rs.13,000cr) flooded domestic markets, pressuring unorganized players. Branded tiles (Somany) grew/held share. Tiles remain preferred over alternatives (laminate, stone) for flooring/walls.
Question 7:
"Total capex outflow for FY25/26?"
Answer:
FY25: Rs.10cr for equipment balancing + small bathware expansion. FY26: Sanitaryware capacity expansion likely in 12"“18 months (amount undisclosed). Max plant stabilization prioritized over new capex.
Question 8:
"Employee costs rose 12"“13%... reason?"
Answer:
New hires for strategic initiatives (e.g., construction chemicals JV) and annual increments. Costs will normalize with sales recovery.
Question 9:
"Margin outlook... capacity utilization needed for 10"“12% EBITDA?"
Answer:
Optimal utilization (~90%) and value-added mix improvement (e.g., Max plant ramp-up) could lift margins by 1"“1.5%. JV exits (loss-making units) will also aid margins.
Question 10:
"Somany Max plant breakeven timeline and revenue potential?"
Answer:
Max plant at 51% utilization; breakeven expected by Q2 FY26. At full utilization, revenue could reach Rs.250cr+ with margin-accretive products.
Investor Care | |
---|---|
Dividend Yield | 1.35% |
Dividend/Share (TTM) | 6 |
Shares Dilution (1Y) | 3.45% |
Diluted EPS (TTM) | 16.88 |
Financial Health | |
---|---|
Current Ratio | 0.98 |
Debt/Equity | 0.39 |
Debt/Cashflow | 1.19 |
Valuation | |
---|---|
Market Cap | 1.76 kCr |
Price/Earnings (Trailing) | 24.11 |
Price/Sales (Trailing) | 0.67 |
EV/EBITDA | 7.17 |
Price/Free Cashflow | 11.57 |
MarketCap/EBT | 15.77 |
Fundamentals | |
---|---|
Revenue (TTM) | 2.63 kCr |
Rev. Growth (Yr) | 5.16% |
Rev. Growth (Qtr) | -3.14% |
Earnings (TTM) | 73.15 Cr |
Earnings Growth (Yr) | -58.68% |
Earnings Growth (Qtr) | -44.23% |
Profitability | |
---|---|
Operating Margin | 4.2% |
EBT Margin | 4.25% |
Return on Equity | 8.56% |
Return on Assets | 3.74% |
Free Cashflow Yield | 8.64% |
Detailed comparison of Somany Ceramics against industry peers, highlighting key financial metrics, valuation ratios, and performance indicators to provide competitive context within the sector.
Ticker | Name | Mkt Cap | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
---|---|---|---|---|---|---|---|---|---|
KAJARIACER | Kajaria CeramicsCeramics | 12.75 kCr | 4.75 kCr | -6.79% | -33.59% | 35.31 | 2.69 | +3.58% | -17.71% |
CERA | Cera SanitarywareSanitary Ware | 6.99 kCr | 1.96 kCr | -3.94% | -24.81% | 29.34 | 3.57 | +1.84% | +4.09% |
PRSMJOHNSN | PRISM JOHNSONCement & Cement Products | 6.58 kCr | 7.51 kCr | -3.50% | -21.32% | -61.82 | 0.88 | -1.87% | -154.10% |
HSIL | Hemant Surgical IndustriesMedical Equipment & Supplies | 6.17 kCr | - | +708.08% | -2.09% | - | - | - | - |
ASIANTILES | ASIAN GRANITO INDIACeramics | 647.73 Cr | 1.52 kCr | +2.13% | -29.74% | -482.75 | 0.43 | -3.59% | +97.86% |