NSE: SOMANYCERA · BSE: 531548
SOMANY CERAMICS LIMITED
Makes and sells ceramic tiles and sanitaryware/bathware through a branded distribution and project network. Tiles form the core line, with sanitaryware and bathware reaching INR 320 crore in FY26 (up 8% YoY from INR 296 crore). Sells through 3,100 dealer showrooms and exports to 62 countries. Operates Kadi and Kassar plants (both Zero Liquid Discharge units) and is adding about 9 million sq metres per year of glazed vitrified tile capacity in southern India through the Siravit Ceramics joint venture. Energy (natural gas for kilns) is the key swing cost input — a geopolitical gas disruption in March 2026 triggered tile price hikes of 16-17% and bathware hikes of ~8%. Materials make up 20.7% of revenue, employees 12.9%, other opex 27.1%, and depreciation 3.9%. Capacity utilisation ran at ~79% for the year, and the Somany Max plant reached breakeven in Q4 FY26 against a INR 9 crore loss in the same quarter a year earlier. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Ceramic tiles, Sanitaryware and bathware, Adhesives / construction chemicals. Asset-heavy, branded building products; energy-cost-sensitive margins
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 2,094 | 2,479 | 2,591 | 2,659 | 2,790 |
| EBITDA (ex other income) | 207 | 187 | 251 | 219 | 253 |
| margin % | 9.9 | 7.5 | 9.7 | 8.2 | 9.1 |
| Owners' profit | 89 | 72 | 97 | 60 | 81 |
| EPS, as reported (₹) | 20.88 | 16.83 | 23.01 | 14.65 | 19.80 |
| ROE % · ROCE % | 11.2 · 14.0 | 7.5 · 11.1 | 11.9 · 16.6 | 6.9 · 12.2 | 8.1 · 12.7 |
| Debt / equity (x) | 0.61 | 0.55 | 0.40 | 0.36 | 0.27 |
| Cash from operations | 157 | 165 | 393 | 141 | 247 |
| Capex | (271) | (177) | (161) | (83) | (56) |
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 666 | 645 | 769 | 604 | 685 | 682 | 818 | 750 |
| Profit before tax | 25 | 17 | 25 | 11 | 19 | 25 | 54 | 50 |
| Net profit | 17 | 10 | 19 | 7 | 12 | 17 | 37 | 34 |
| EPS (₹) | 4.19 | 2.26 | 5.20 | 2.53 | 3.65 | 4.39 | 9.23 | 8.66 |
Exhibit 3: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| KAJARIA CERAMICS LTD | 19,084 | 35.0 | 6.10 | 21.9 | 15.6 | 20.3 | 11.7 | 20.9 |
| SOMANY CERAMICS LIMITED ◆ | 2,419 | 22.8 | 2.63 | 9.6 | 8.1 | 8.8 | 11.1 | 12.0 |
| NITCO LIMITED | 2,141 | — | 5.87 | 73.5 | 7.9 | 4.4 | 10.6 | (4.9) |
| ASIAN GRANITO IND. LTD. | 1,523 | 67.6 | 0.99 | 15.8 | 1.2 | 1.3 | 7.5 | 6.5 |
| ORIENT BELL LIMITED | 579 | 27.3 | 1.76 | 14.5 | 3.8 | 4.0 | 6.6 | 8.6 |
| EXXARO TILES LIMITED | 279 | 69.3 | 1.00 | 14.3 | 1.0 | 1.3 | — | 9.1 |
| MURUDESHWAR CERAMICS LTD | 172 | 17.5 | 0.45 | 7.6 | 2.8 | 2.9 | — | 19.2 |
| Manoj Ceramic Limited | 111 | 3.7 | — | — | — | 10.8 | — | — |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 22.8 | 31.1 | 3 of 8 | 71% |
| P/B | 2.6 | 1.6 | 6 of 8 | 29% |
| ROCE | 8.8 | 2.9 | 3 of 11 | 80% |
| ROE | 8.1 | 4.7 | 3 of 10 | 78% |
| Debt / Equity | 0.3 | 0.3 | 5 of 10 | 56% |
| EBITDA margin | 12.0 | 7.5 | 3 of 10 | 78% |
| Revenue growth | 24.0 | 31.3 | 7 of 11 | 40% |
| Profit growth | 365.7 | 0.6 | 2 of 10 | 89% |
| Market cap | 2419 | 279 | 2 of 11 | 90% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 11 Sept 2026 · Somany Ceramics guides EBITDA margin to 11.3% in FY27, targets 100 bps more in FY28 | investor communications | low | — | — |
| 8 Sept 2026 · Somany Ceramics to meet analysts and investors on 11 September 2026 | board shareholder meetings | low | — | — |
| 17 Aug 2026 · Somany Q1 FY27: EBITDA margin jumps to 11.6 percent, value up 24 percent, capex INR275 cr | investor communications | medium | — | — |
| 13 Aug 2026 · AGM results: 4 resolutions passed including Rs 2 final dividend | board shareholder meetings | low | — | — |
| 13 Aug 2026 · Somany Ceramics AGM passes all resolutions, approves Rs 2 dividend | compliance | minimal | — | — |
| 13 Aug 2026 · Newspaper Publication of Q1 FY27 Financial Results | compliance | minimal | — | — |
| 12 Aug 2026 · Somany Ceramics 58th AGM: Rs 2 dividend, 4 resolutions passed | board shareholder meetings | medium | — | — |
| 12 Aug 2026 · Somany Ceramics Q1 FY27: revenue up 24%, EBITDA margin expands to 11.6% | investor communications | medium | — | — |
| 12 Aug 2026 · Somany Ceramics Q1 FY27 net profit more than doubles on strong revenue growth | results | high | — | — |
| 12 Aug 2026 · Q1 FY27 results: revenue up 24% on consol basis, PAT jumps sharply YoY | results | high | — | — |
How to read this document
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions | an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
Sources, method and disclosures
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.