Sunday, August 30, 2020

Somany Home Innovation Ltd – Perfect Kitchen Appliances Player

Somany Home Innovation Ltd  closes   at  91.60 with  a  Loss    of  -1.10 %   on    28-Aug-2020   with formation of  a  Red Candle    on Daily  Price Chart.
About the Company : Somany Home Innovations Ltd. (SHIL) is a newly created Corporate Entity of HSIL Limited, vastly recognised by its Brand Hindware, a leading name in the Indian market. SHIL is focused on servicing end-consumers in the market and is involved in branding, marketing, sales, distribution, trading, service etc. of Consumer Appliances under the Brand name ‘Hindware’, ‘Moonbow’ and Furniture Retail Business under the Brand name ‘Evok’.

Sector Update : The kitchen appliances market in India is estimated at INR 21,500 Cr in 2018 of which 45-50% is contributed by large kitchen appliances.The market is expected to grow at a CAGR of ~12% largely driven by the high growth in the large kitchen appliances segment. The large kitchen appliance market is expected to witness a CAGR of ~15% for next 5 years whereas food preparation and cooking appliance market will grow at a CAGR of ~8% and ~9% respectively. Mixer grinders contributes to 60-65% of food preparation market whereas water purifier is the largest category in large kitchen appliance with 50-55% of the market.

Somany Home Innovation Ltd  has posted Net Sales / Revenue   of 1613.12 Cr  & Net Profit  of 23.11 Cr in FY2020 . Operating Profit  is 88 Cr and Operating Profit margin is 5% and Net Profit margin is 1%.

Valuations  :  The Company is now Trading at X 1.7 of its  valuations of FY2020 earnings.

Disclaimer : We are / may going to take exposure shortly.

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