Somi Conveyor Beltings Ltd

Somi Conv.Belt. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Somi Conveyor Beltings Ltd

₹ 185 -2.24%
15 Jan 3:22 p.m.
somiconveyor.com BSE: 533001 NSE: SOMICONVEY
About

Incorporated in 2000, Somi Conveyor Belting Ltd is in the business of manufacturing rubber and steel-based Industrial conveyor belts

Key Points

Product Profile:[1][2]
a) General Purpose Conveyor Belt
b) Heat Resistant Conveyor Belt
c) Fire Resistant Conveyor Belt
d) Oil Resistant Conveyor Belt
e) Special Purpose Conveyor Belt
f) Rubber Sheets & Mattings Conveyor Belt
g) Maintenances Conveyor Belt
h) Steel Cord
Conveyor belts are further categorized as:
M-24, Tiger M-27, HR Grade, SHR Grade, SHR T2 Upto 150 Deg Conveyor Belts, UHR Grade, UHR T3180 Deg Conveyor Belts, SEHR-36 (Crackless upto 250 Degree), SEHR-72 (Crackless upto 350 Degree), Fire Resistant SEFR-81, Oil Resistant, SAR-36 Fusion Belt(Combination of Fabric Belt and Steel Wires), STA(Bullet Proof Aramid Fabric), Chevron, Rough Top, Rubber Sheets and Mattings, etc.

Website BSE NSE
  • Market Cap ₹ 218 Cr.
  • Current Price ₹ 185
  • High / Low ₹ 236 / 91.6
  • Stock P/E 38.0
  • Book Value ₹ 63.0
  • Dividend Yield 0.00 %
  • ROCE 9.27 %
  • ROE 6.62 %
  • Face Value ₹ 10.0
Edit ratios

Pros

  • Company has delivered good profit growth of 24.0% CAGR over last 5 years

Cons

  • Stock is trading at 3.00 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has a low return on equity of 4.93% over last 3 years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Plantation & Plantation Products Industry: Miscellaneous

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Quarterly Results

Figures in Rs. Crores

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
19.42 15.11 17.41 13.39 19.63 21.92 38.79 16.76 28.15 18.76 38.44 15.23 34.09
17.69 13.78 15.38 12.08 17.81 20.39 35.65 15.32 25.79 17.11 35.12 13.66 30.26
Operating Profit 1.73 1.33 2.03 1.31 1.82 1.53 3.14 1.44 2.36 1.65 3.32 1.57 3.83
OPM % 8.91% 8.80% 11.66% 9.78% 9.27% 6.98% 8.09% 8.59% 8.38% 8.80% 8.64% 10.31% 11.23%
0.06 0.18 0.04 0.07 0.04 0.04 0.05 0.06 0.14 0.08 0.02 0.10 0.11
Interest 0.84 0.72 0.73 0.65 0.74 0.71 0.62 0.42 0.47 0.42 0.49 0.39 0.41
Depreciation 0.24 0.25 0.25 0.24 0.24 0.25 0.28 0.27 0.28 0.29 0.33 0.28 0.28
Profit before tax 0.71 0.54 1.09 0.49 0.88 0.61 2.29 0.81 1.75 1.02 2.52 1.00 3.25
Tax % 22.54% 25.93% 44.04% 24.49% 25.00% 24.59% 13.10% 24.69% 25.71% 24.51% 25.40% 25.00% 27.08%
0.54 0.41 0.60 0.37 0.66 0.46 1.98 0.61 1.29 0.76 1.88 0.74 2.36
EPS in Rs 0.46 0.35 0.51 0.31 0.56 0.39 1.68 0.52 1.10 0.65 1.60 0.63 2.00
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
79 66 75 58 62 64 61 46 47 57 94 102 107
67 54 63 45 53 55 52 39 40 51 86 93 96
Operating Profit 13 11 12 13 9 9 9 7 7 6 8 9 10
OPM % 16% 17% 16% 22% 14% 15% 14% 16% 14% 11% 8% 9% 10%
1 0 1 1 1 1 0 0 0 0 0 0 0
Interest 3 2 3 4 3 4 4 3 4 3 3 2 2
Depreciation 4 4 5 7 6 5 3 1 1 1 1 1 1
Profit before tax 6 5 6 4 1 1 2 3 2 3 4 6 8
Tax % 34% 33% 27% 38% 40% 29% 29% 25% 25% 33% 19% 25%
4 4 4 2 0 1 2 2 2 2 3 5 6
EPS in Rs 3.34 3.06 3.63 1.94 0.34 0.86 1.32 2.06 1.49 1.46 2.95 3.86 4.88
Dividend Payout % 0% 0% 0% 51% 0% 58% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 5%
5 Years: 11%
3 Years: 30%
TTM: 1%
Compounded Profit Growth
10 Years: 2%
5 Years: 24%
3 Years: 37%
TTM: 32%
Stock Price CAGR
10 Years: 16%
5 Years: 69%
3 Years: 59%
1 Year: 96%
Return on Equity
10 Years: 4%
5 Years: 4%
3 Years: 5%
Last Year: 7%

Balance Sheet

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 12 12 12 12 12 12 12 12 12 12 12 12 12
Reserves 36 40 44 45 44 45 46 49 51 52 55 59 62
15 17 33 30 27 26 25 24 22 28 18 15 14
18 13 14 19 18 20 18 9 16 14 19 24 20
Total Liabilities 82 82 102 106 100 103 101 93 100 107 103 110 108
35 37 45 39 34 31 27 27 27 26 26 26 25
CWIP 3 2 0 1 1 0 1 0 0 2 2 2 2
Investments 0 0 0 0 0 0 0 0 0 0 0 0 0
44 43 57 66 65 72 74 66 74 79 75 83 81
Total Assets 82 82 102 106 100 103 101 93 100 107 103 110 108

Cash Flows

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
11 7 5 4 6 3 4 5 4 -2 16 6
-2 -6 -12 2 -0 -1 0 -0 -0 -2 -1 -1
-9 0 14 -5 -6 -3 -4 -4 -4 4 -13 -4
Net Cash Flow 0 2 7 -0 -0 0 0 0 -0 -0 2 1

Ratios

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 65 81 116 153 106 110 125 119 229 146 114 146
Inventory Days 83 114 103 257 331 367 357 489 423 387 161 123
Days Payable 33 29 56 78 84 89 108 64 130 93 60 76
Cash Conversion Cycle 115 166 162 332 353 388 374 543 523 440 215 193
Working Capital Days 101 117 145 219 244 268 292 402 414 364 185 172
ROCE % 14% 11% 11% 8% 5% 6% 7% 8% 7% 6% 8% 9%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
59.09% 59.09% 59.09% 59.09% 59.09% 59.09% 59.09% 59.09% 59.09% 59.09% 59.09% 59.09%
40.91% 40.91% 40.91% 40.91% 40.91% 40.90% 40.92% 40.91% 40.91% 40.91% 40.91% 40.90%
No. of Shareholders 6,9896,8226,8117,1396,8726,7347,0976,0676,4296,0286,5716,405

Documents

Announcements

Annual reports

DRHP

Credit ratings

Concalls

  • Aug 2024
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