Smooth Tiles
Moneylife Digital Team 09 September 2010

Somany Ceramics earns a healthy RoE of 25% and the stock is reasonably priced

Somany Ceramics manufactures ceramic tiles from two plants in Haryana and Gujarat with a production capacity of 56,000sq mtr/day. It outsources 25,000sq mtr/day of low-end tile products to contractors in Gujarat. Ceramic tile-making requires high capital investment. Energy and distribution costs constitute a major...

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