Somany Ceramics financials: balance sheet, profit and loss, cash flow

NSE: SOMANYCERABSE: 531548Consumer DurablesSmall Cap

Somany Ceramics Limited · Formerly SPL · Face value ₹2 · Listed Nov 1995 on NSE, Mar 1996 on BSE

₹560.55₹16.75 (3.08%)BSE ₹559.90

Share price at the NSE close on 29 Oct 2026. Previous close ₹543.80.

29 Oct: open ₹543.80, high ₹567.65, low ₹533.65

52-week range of traded prices to 29 Oct 2026

₹332.00Low, 10 Mar 2026₹631.70High, 6 Oct 2026

Next results date: the board meets on 4 Nov 2026 to consider: financial results and dividend. The notice · Results calendar

Market cap: ₹2,299 Cr1,214th largest listed
P/E: 21.62
P/B: 2.73
Dividend yield: 1.07%
ROE: 13.2%
ROCE: 15.7%
Debt to equity: 0.27
Volume, NSE: 48,11953.0% delivered

Somany Ceramics' financial statements for the 10 years to Mar 2026, consolidated: the company and its subsidiaries together, with the twelve months to Jun 2026 after them.

10 years at a glance

₹ crore, years to March.Somany Ceramics annual reports

Revenue, net profit and borrowings, ₹ crore

Revenue
Net profit
Borrowings

Peak revenue ₹2,790 Cr, year to Mar 2026; lowest ₹1,610 Cr, year to Mar 2020

Operating and net margin, per cent

From Apr 2019 leases sit on the balance sheet: rent is charged as depreciation and interest instead, so operating profit and total assets step up with nothing about the business having changed. Borrowings here leave lease liabilities out. Lease payments were 3.1% of operating profit in the first full year.

Results for the year to Mar 2026

Consolidated: the company and its subsidiaries together. ₹ crore.

From revenue to net profit

Revenue2,790
Materials and goods−1,416
Employee costs−361
Other expenses−755
Operating profit258
Depreciation−107
Other income+11
One-off items−5.2
Finance costs−48
Profit before tax109
Tax−35
Net profit74

What the company owns

Plant, investments and other assets₹1,198 Cr
Inventory₹352 Cr
Receivables₹301 Cr
Cash and bank₹148 Cr
Current investments₹12 Cr

What pays for it: net worth and liabilities

Net worth₹920 Cr
Other liabilities₹506 Cr
Owed to suppliers₹334 Cr
Borrowings₹251 Cr

Profit and loss

Consolidated, ₹ crore, years to March. The last column is the twelve months to Jun 2026, the latest four quarters added.Somany Ceramics quarterly results

₹ crore	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026Filed 15 May	Jun 2026Twelve monthsFiled 12 Aug
Revenue from operations	1,811	1,747	1,715	1,610	1,650	2,094	2,479	2,591	2,659	2,790	2,935
	1,620	1,561	1,552	1,479	1,460	1,888	2,290	2,338	2,438	2,532	2,641
Materials and goods bought	979	707	722	667	780	921	1,069	1,198	1,280	1,416	1,467
Employee costs	158	–	226	239	225	257	301	324	355	361	375
Other expenses	483	–	604	572	455	710	919	816	803	755	799
Operating profit before depreciation	191	186	163	131	191	207	189	253	221	258	294
Operating margin	10.6%	10.6%	9.5%	8.2%	11.6%	9.9%	7.6%	9.8%	8.3%	9.2%	10.0%
Materials, % of revenue	54.0%	–	42.1%	41.4%	47.3%	43.9%	43.1%	46.2%	48.2%	50.8%	50.0%
Employee costs, % of revenue	8.7%	–	13.2%	14.8%	13.6%	12.3%	12.2%	12.5%	13.3%	12.9%	12.8%
Other expenses, % of revenue	26.7%	–	35.2%	35.5%	27.5%	33.9%	37.1%	31.5%	30.2%	27.1%	27.2%
Depreciation and amortisation	35	41	44	59	61	64	68	73	90	107	110
Operating profit after depreciation	156	145	119	72	129	143	121	181	131	150	184
Other income	15	18	19	13	13	13	15	11	9	11	13
Finance costs	23	40	46	49	40	30	40	46	52	48	46
Profit before one-off items and tax	148	123	92	36	102	126	95	145	87	114	151
One-off items	−4	−4	−12	−26	−18	0	−2	−2	−2	−5	−4
Profit before tax	144	118	80	10	84	126	93	143	85	109	147
	50	39	27	−10	22	33	26	43	27	35	46
Current tax	–	34	23	7	27	33	33	39	28	37	44
Deferred tax	–	5	4	−17	−4	0	−7	4	−1	−2	2
Share of profit of joint ventures and associates	3	–	–	–	–	–	–	–	–	–	–
	93	79	53	20	61	93	67	99	58	74	101
Belonging to the company's shareholders	93	70	46	15	58	89	72	97	60	81	106
Belonging to outside owners of subsidiaries	–	–	7	5	4	5	−5	3	−2	−7	−5
Other comprehensive income	–	–	0	−1	1	0	−1	0	−1	1	1
Total comprehensive income	–	–	53	18	63	94	66	100	57	75	102
Net margin	5.1%	4.5%	3.1%	1.2%	3.7%	4.5%	2.7%	3.8%	2.2%	2.7%	3.4%
Net margin without joint ventures and associates	5.0%	–	–	–	–	–	–	–	–	–	–

Materials, employee costs and other expenses are shown for the years they add up to operating expenses; for the year to Mar 2018 they do not, so they are left blank.

Balance sheet

Consolidated, ₹ crore, at 31 March.

₹ crore	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026Filed 15 May
	700	701	755	834	895	833	844	920
	613	606	655	726	787	720	772	842
Share capital	8	8	8	8	8	8	8	8
Reserves	605	598	647	718	778	712	763	834
Belonging to outside owners of subsidiaries	87	94	100	108	108	113	73	78
	511	445	362	511	488	335	302	251
Repayable after a year	237	197	151	175	185	186	149	115
Repayable within a year	273	248	210	337	303	149	153	137
	635	557	548	676	814	842	834	777
Trade payables	199	173	188	225	378	559	334	334
Other financial liabilities	78	71	59	17	15	43	254	197
Other liabilities	83	62	87	95	113	86	88	102
Provisions	1	3	2	2	5	5	4	7
Tax owed	0	0	2	0	0	0	1	1
	327	300	262	283	303	309	289	314
Other financial liabilities	25	48	59	57	68	66	83	148
Other liabilities	3	3	4	5	6	9	9	9
Provisions	5	7	8	9	10	11	12	9
Deferred tax	57	41	37	36	33	37	35	34
Total assets	1,662	1,557	1,565	1,792	2,011	1,984	1,967	2,011
	762	807	791	1,006	1,112	1,162	1,121	1,157
Plant in use, after depreciation	700	766	747	744	1,008	1,113	1,056	1,082
Plant being built	25	6	9	227	47	10	16	19
Intangible assets	6	4	2	0	0	0	1	2
Goodwill	4	7	7	7	7	7	6	7
Investments	0	0	0	0	0	0	4	0
Stakes in joint ventures and associates	–	0	0	0	0	0	0	4
Loans given	5	5	5	0	3	0	4	3
Other financial assets	13	12	13	15	18	17	17	21
Deferred tax	4	5	5	4	8	8	9	11
Other assets	6	1	3	8	20	7	7	9
	900	750	773	786	899	821	846	854
Inventories	255	328	245	274	391	347	338	352
Trade receivables	418	280	231	237	268	337	369	301
Cash and cash equivalents	30	15	143	94	146	59	60	128
Other bank balances	11	5	6	55	8	12	18	19
Current investments	68	34	90	60	32	15	13	12
Loans given	58	30	11	3	1	0	0	0
Other financial assets	6	7	8	6	1	5	6	4
Tax paid in advance	3	11	12	20	11	6	2	5
Other assets	51	39	29	38	40	41	41	32
Net debt	402	391	123	303	302	250	212	91

Borrowings are counted again inside the liabilities due within a year and after a year. No balance sheet is on record for the years to Mar 2017 and Mar 2018, so its lines and the ratios worked from it are blank there.

Cash flow

Consolidated, ₹ crore, years to March.

₹ crore	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026Filed 15 May
	356	157	165	393	141	247
	382	192	189	427	164	285
	170	−14	−24	182	−63	23
Receivables	44	−17	−40	−70	−48	71
Inventories	84	−28	−126	43	−34	−12
Payables	17	42	127	192	72	−2
Other working capital	25	−10	16	17	−52	−34
Tax paid	−25	−35	−25	−34	−22	−38
Capital spending	44	271	177	161	83	56
Free cash flow	312	−114	−12	232	58	191
	−90	−255	−91	−123	−72	−54
Plant and property sold	3	3	5	4	4	6
Companies bought	0	0	0	0	0	−11
Interest received	7	8	8	7	5	4
	−139	50	−21	−356	−68	−124
Borrowings raised	75	172	93	220	102	129
Borrowings repaid	−160	−84	−67	−366	−100	−186
Interest paid	−40	−31	−38	−47	−52	−47
Lease payments	0	−6	0	0	−9	−10
Dividends paid	10	0	13	13	12	12
Shares bought back	0	0	0	155	0	0
Shares issued	2	0	10	13	3	2
Net change in cash	128	−49	52	−85	2	69

Capital spending is part of cash from investing, and dividends paid, shares bought back and shares issued are part of cash from financing. Each is shown as an amount on a line of its own, and the section's other items are in its total only. No cash flow statement is on record for the years to Mar 2017, Mar 2018, Mar 2019 and Mar 2020.

Consolidated, ₹ per share, years to March.Somany Ceramics dividend history

₹ per share	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026Filed 15 May
Earnings per share	₹21.96	₹16.62	₹10.93	₹3.54	₹13.62	₹20.88	₹16.83	₹23.01	₹14.65	₹19.80
Diluted earnings per share	₹21.96	₹16.62	₹10.93	₹3.54	₹13.62	₹20.88	₹16.83	₹22.98	₹14.65	₹19.76
Dividend per share	₹2.70	₹2.70	₹2.00	₹2.00	₹2.40	₹3.00	₹3.00	₹3.00	₹3.00	₹6.00
Book value per share	–	–	₹144.58	₹143.03	₹154.56	₹171.00	₹185.28	₹175.63	₹188.17	₹205.46
Dividend payout	12.3%	16.2%	18.3%	56.5%	17.6%	14.4%	17.8%	12.7%	20.5%	30.3%
Shareholder yield	–	–	–	–	0.5%	0.0%	0.1%	6.6%	0.5%	0.7%
Market cap at the year end (₹ crore)	2,917	2,814	1,779	390	1,810	2,747	2,076	2,367	1,721	1,464

Ratios

Consolidated, years to March.Somany Ceramics PE ratio and valuation

Ratio	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026Filed 15 May
Revenue growth	5.4%	−3.5%	−1.8%	−6.1%	2.5%	26.9%	18.3%	4.6%	2.6%	4.9%
Operating profit growth	–	−2.9%	−12.1%	−19.6%	45.2%	8.3%	−8.6%	34.2%	−12.8%	16.7%
Net profit growth	43.8%	−15.0%	−32.6%	−63.4%	214.2%	52.5%	−28.4%	48.5%	−41.7%	27.8%
Earnings per share growth	–	−24.3%	−34.2%	−67.6%	284.7%	53.3%	−19.4%	36.7%	−36.3%	35.2%
	–	–	7.6%	2.5%	9.1%	12.8%	9.4%	12.9%	8.1%	10.1%
	–	–	–	−5.1 pts	6.7 pts	3.7 pts	−3.4 pts	3.4 pts	−4.8 pts	2.0 pts
From the net margin	–	–	–	−5.0 pts	6.8 pts	1.9 pts	−4.1 pts	2.8 pts	−5.1 pts	2.3 pts
From asset turnover	–	–	–	−0.1 pts	0.5 pts	2.0 pts	0.4 pts	−0.1 pts	0.3 pts	0.4 pts
From borrowing	–	–	–	−0.1 pts	−0.6 pts	−0.2 pts	0.3 pts	0.7 pts	0.0 pts	−0.7 pts
Return on capital employed	–	–	9.8%	6.3%	11.6%	10.6%	8.7%	15.5%	11.4%	12.8%
Cash conversion	–	–	–	–	581.8%	167.6%	245.9%	395.9%	243.5%	333.1%
Interest cover	6.7	3.6	2.6	1.5	3.2	4.8	3.0	3.9	2.5	3.1
Debt to equity	–	–	0.73	0.64	0.48	0.61	0.55	0.40	0.36	0.27
Receivable days	–	–	89	63	51	41	40	47	51	39
Inventory days	–	–	129	180	114	109	134	106	96	91
Payable days	–	–	100	95	88	89	129	170	95	86
Cash conversion cycle, days	–	–	117	148	77	60	44	−17	52	44
Working capital days	–	–	91	88	44	42	30	6	10	7
Asset turnover	–	–	1.03	1.00	1.06	1.25	1.30	1.30	1.35	1.40
Assets per rupee of net worth	–	–	2.71	2.64	2.47	2.43	2.51	2.65	2.65	2.46
Sales per rupee of plant	–	–	2.45	2.10	2.21	2.81	2.46	2.33	2.52	2.58
Capital spending to depreciation	–	–	–	–	0.72	4.24	2.60	2.23	0.92	0.52
Plant being built, % of plant in use	–	–	3.5%	0.8%	1.2%	30.5%	4.7%	0.9%	1.5%	1.7%

No balance sheet is on record for the years to Mar 2017 and Mar 2018, so its lines and the ratios worked from it are blank there.

Growth and returns over 3, 5 and 10 years

Consolidated: the company and its subsidiaries together. Each window ends with the year to Mar 2026.

Return on assets, latest year: 4.1%
Cash from operations against operating profit: 95.7%

Measure	10 years	5 years	3 years
Revenue growth, yearly rate	5.0%	11.1%	4.0%
Profit growth, yearly rate	2.3%	7.1%	4.3%
Return on equity, average	–	10.7%	10.3%
Return on capital employed, average	–	11.8%	13.2%
Operating margin, average	9.5%	9.0%	9.1%
Net margin, average	3.4%	3.2%	2.9%
Asset turnover, average	–	1.32	1.35
Cash conversion cycle, days, average	–	37	26
Interest cover, average	3.5	3.5	3.2
Debt to equity, average	–	0.44	0.34

Where the cash came from and went

Consolidated: the company and its subsidiaries together. ₹ crore, added up over each window, which ends with the year to Mar 2026.

₹ crore	5 years	3 years	Latest year
Cash from operations	1,102	781	247
Cash from investing	−595	−249	−54
Cash from financing	−519	−548	−124
Capital spending	748	300	56
Dividends paid	50	37	12
Shares bought back	155	155	0
Shares issued for cash	28	18	2
Borrowings raised	716	451	129
Borrowings repaid	803	652	186

Accounting checks

Consolidated, years to March. Published tests of whether reported profit is backed by cash and the balance sheet.

Check	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Piotroski score, out of 9Published threshold 3 points out of 9	–	–	–	–	8	6	7	5	7	8
Altman Z-scorePublished threshold 1.81	–	–	3.09	2.12	3.41	3.81	3.16	3.35	3.05	3.08
Beneish M-scorePublished threshold −1.78	–	–	–	–	−3.38	−0.98	−2.83	−3.08	−2.48	−2.90
Profit not backed by cash, % of assetsPublished threshold 10 per cent of average total assets	–	–	–	–	−13.17	11.45	−0.35	−8.57	−0.58	−5.96
Cash from operations to profit, 3 yearsPublished threshold 0.7 times	–	–	–	–	–	–	3.06	2.75	3.12	3.38
Receivables growth less revenue growthOur threshold 0 percentage points	–	–	–	−26.93	−20.05	−24.25	−5.05	21.13	6.77	−23.38
Inventory growth less cost-of-goods growthOur threshold 0 percentage points	–	–	–	36.50	−42.38	−6.12	26.87	−23.48	−9.40	−6.33
Other current assets growth less revenue growthOur threshold 5 per cent of revenue	–	–	–	−0.19	−0.55	0.74	−0.46	−0.01	−0.13	−0.26
Assets under construction, years of additionsOur threshold 2 years of additions	–	–	–	0.05	0.20	3.71	0.14	0.05	0.49	0.14
Effective tax ratePublished threshold 17.16 per cent	34.81	33.17	33.50	−103.55	26.76	26.08	27.93	30.41	31.96	31.83
Tax charged less tax paid, % of profitOur threshold 10 percentage points	–	–	–	–	–	−1.82	1.32	6.59	5.74	−3.58

A threshold marked as ours has no published figure; it is the line we read the check against.

Credit ratings

An agency's view of the chance the company repays a borrowing on time, from AAA, the highest, down to D, in default.

Date	Agency	Borrowing rated	Rating	Outlook	Amount, ₹ Cr
22 Jun 2026	CRISIL Ratings Limited	Bank Facilities	Crisil AA-Review, Re-affirm	Stable	145
22 Jun 2026	CRISIL Ratings Limited	Bank Facilities	Crisil A1+Review, Re-affirm		70

The latest rating on each borrowing. The agency's name opens its reasoning for the rating.