Building Materials (Q4FY22 Results Preview): Healthy demand
In Q4FY22, we expect both tiles and plastic pipe companies’ volumes to grow YoY, despite the high base Despite earlier cost pass-through, we...
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Somany Ceramics (Q3FY22 Result update): Strong performance and outlook. Maintain BUY
However, EBITDA fell 2% YoY, owing to the elevated gas price impact. The company continues to keep a tight leash on its debtors. Timely capacity...
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Somany Ceramics: Growth Priced In; Gas Price Risk Persists
Somany has announced a large capex of Rs 180-190 crore (seeing strong demand and higher utilisation) in FY22, which will increase its overall...
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Building Materials (Q2FY22 Results Preview): Strong recovery!
Subsequently, we expect aggregate revenue/EBITDA/APAT for our coverage universe to surge 40/31/36% YoY. We maintain a positive stance on both tiles...
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Somany Ceramics (Initiating Coverage): Geared for growth. BUY
We expect the tightened working capital and healthy operating profits to keep the balance sheet in check during FY22-24E, despite a higher expected...
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