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Somi Conveyor Beltg

₹138.7 4.8 | 3.6%

Market Cap ₹163 Cr.

Stock P/E 52.3

P/B 2.4

Current Price ₹138.7

Book Value ₹ 58.7

Face Value 10

52W High ₹156

Dividend Yield 0%

52W Low ₹ 46

Somi Conveyor Beltg Research see more...

Overview Inc. Year: 2000Industry: Rubber Products

Somi Conveyor Beltings Limited (SOMICONVEY) is a notable manufacturer in the conveyor belt industry, listed on both NSE and BSE. With over two decades of experience, It has established itself as a leader in providing high-quality conveyor belts designed for various industries, including cement, steel, mining, and agriculture. Founded in 2000, SEMICONVEY’s commitment to innovation and quality is evident in its state-of-the-art manufacturing facilities and cutting-edge technology. Their dedicated team of professionals ensures that Somi Conveyor Beltings remains at the forefront of the conveyor belt manufacturing industry.Promoter holding remains strong, with the promoters holding a consistent 59.09% share as of December 2023. This underscores the company’s robust management structure and the trust placed in its leadership. Semiconvey takes pride in their worldwide clientele, providing innovative and reliable solutions to clients across the globe.

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Somi Conveyor Beltg Share Price

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Somi Conveyor Beltg Quarterly Results

#(Fig in Cr.) Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Jun 2023 Sep 2023 Dec 2023
Net Sales 5 19 15 17 13 20 22 17 28 19
Other Income 0 0 0 0 0 0 0 0 0 0
Total Income 5 19 15 17 13 20 22 17 28 19
Total Expenditure 4 18 14 15 12 18 20 15 26 17
Operating Profit 1 2 2 2 1 2 2 1 2 2
Interest 1 1 1 1 1 1 1 0 0 0
Depreciation 0 0 0 0 0 0 0 0 0 0
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 0 1 1 1 0 1 1 1 2 1
Provision for Tax 0 0 0 0 0 0 0 0 0 0
Profit After Tax 0 1 0 1 0 1 0 1 1 1
Adjustments 0 -0 -0 -0 -0 -0 0 0 0 -0
Profit After Adjustments 0 1 0 1 0 1 0 1 1 1
Adjusted Earnings Per Share 0.1 0.5 0.3 0.5 0.3 0.6 0.4 0.5 1.1 0.6

Somi Conveyor Beltg Profit & Loss

#(Fig in Cr.) Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
Net Sales 79 66 75 58 62 64 61 46 47 57 94 86
Other Income 1 0 1 1 1 1 0 1 0 0 0 0
Total Income 80 66 76 60 62 65 61 47 47 58 94 86
Total Expenditure 67 54 63 45 53 55 52 39 40 51 86 78
Operating Profit 13 11 14 14 10 10 9 8 7 7 8 7
Interest 3 2 3 4 3 4 4 3 4 3 3 1
Depreciation 4 4 5 7 6 5 3 1 1 1 1 0
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 6 5 6 4 1 1 2 3 2 3 4 5
Provision for Tax 2 2 2 1 0 0 1 1 1 1 1 0
Profit After Tax 4 4 4 2 0 1 2 2 2 2 3 3
Adjustments 0 0 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 4 4 4 2 0 1 2 2 2 2 3 3
Adjusted Earnings Per Share 3.3 3.1 3.6 1.9 0.3 0.9 1.3 2.1 1.5 1.5 2.9 2.6

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 65% 27% 8% 2%
Operating Profit CAGR 14% 0% -4% -5%
PAT CAGR 50% 14% 25% -3%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 186% 40% 45% 23%
ROE Average 5% 4% 4% 5%
ROCE Average 8% 7% 7% 9%

Somi Conveyor Beltg Balance Sheet

#(Fig in Cr.) Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Shareholder's Funds 48 52 56 57 56 57 58 61 63 64 66
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 6 0 12 7 0 1 6 3 6 5 3
Other Non-Current Liabilities 2 3 1 1 -0 -1 -1 -1 -0 -0 0
Total Current Liabilities 25 28 34 41 43 44 37 29 32 38 33
Total Liabilities 82 82 102 106 99 102 99 92 100 107 103
Fixed Assets 35 37 45 39 34 31 27 27 27 26 26
Other Non-Current Assets 5 4 2 5 4 2 3 3 2 6 5
Total Current Assets 42 41 55 62 61 69 70 62 72 75 71
Total Assets 82 82 102 106 99 102 99 92 100 107 103

Somi Conveyor Beltg Cash Flow

#(Fig in Cr.) Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Opening Cash & Cash Equivalents 4 4 6 1 1 0 0 0 1 1 0
Cash Flow from Operating Activities 11 7 5 4 6 3 4 5 4 -2 16
Cash Flow from Investing Activities -2 -6 -12 2 -0 -1 0 -0 -0 -2 -1
Cash Flow from Financing Activities -9 0 14 -5 -6 -3 -4 -4 -4 4 -13
Net Cash Inflow / Outflow 0 2 7 -0 -0 0 0 0 -0 -0 2
Closing Cash & Cash Equivalent 4 6 13 1 0 0 0 1 1 0 2

Somi Conveyor Beltg Ratios

# Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Earnings Per Share (Rs) 3.34 3.06 3.63 1.94 0.34 0.86 1.31 2.06 1.5 1.46 2.94
CEPS(Rs) 6.98 6.47 7.99 7.71 5.16 4.98 4.24 3.01 2.36 2.29 3.8
DPS(Rs) 0 0 0 1 0 0.5 0 0 0 0 0
Book NAV/Share(Rs) 36.23 39.28 42.92 43.65 47.18 48.08 48.83 51.63 53.06 54.52 56.45
Core EBITDA Margin(%) 14.29 15.22 14.75 19.96 13.3 14.45 14.5 15.17 14.43 11.14 8.34
EBIT Margin(%) 10.25 10.14 10.16 11.56 5.77 7.84 9.4 14.21 12.57 10.01 7.47
Pre Tax Margin(%) 6.77 7.38 7.07 5.79 0.99 2.18 3.59 7.04 5.02 4.49 4.56
PAT Margin (%) 4.47 4.95 5.15 3.59 0.59 1.55 2.55 5.24 3.76 3 3.7
Cash Profit Margin (%) 9.33 10.46 11.33 14.26 9.04 9 8.23 7.65 5.94 4.71 4.78
ROA(%) 4.88 4.4 4.63 2.19 0.39 1.01 1.54 2.54 1.84 1.66 3.31
ROE(%) 9.72 8.1 8.83 4.49 0.74 1.8 2.71 4.1 2.86 2.71 5.31
ROCE(%) 15.69 12.55 11.8 8.92 4.73 6.19 6.88 7.88 6.97 6.46 7.92
Receivable days 41.57 71.94 84.18 137.8 114.69 104.41 120.83 141.59 173.49 166.77 101.48
Inventory Days 68.02 67.67 62.76 111.18 165.93 218.51 242.09 310.42 291.58 253.41 147.44
Payable days 23.73 35.59 40.69 81.18 75.23 86.37 99.45 106.05 95.63 94.51 56.95
PER(x) 2.86 8.83 13.5 21.62 167.41 55.57 18.74 5.1 21 22.76 12.26
Price/Book(x) 0.26 0.69 1.14 0.96 1.19 0.99 0.5 0.2 0.59 0.61 0.64
Dividend Yield(%) 0 0 0 2.38 0 1.05 0 0 0 0 0
EV/Net Sales(x) 0.28 0.6 1.04 1.21 1.46 1.24 0.84 0.71 1.2 1.12 0.58
EV/Core EBITDA(x) 1.69 3.44 5.74 4.98 9.42 7.99 5.58 4.29 8.14 9.51 6.79
Net Sales Growth(%) 118.7 -17.48 14.11 -22.33 6.32 3.72 -5.26 -23.71 1.28 22.1 63.77
EBIT Growth(%) 51.97 -18.17 14.26 -12.77 -47.34 31.82 11.56 15.39 -10.41 -2.82 22.17
PAT Growth(%) 99.72 -8.54 18.69 -46.5 -82.67 155.01 52.92 56.99 -27.45 -2.58 102.13
EPS Growth(%) 99.72 -8.54 18.69 -46.5 -82.67 154.99 52.93 56.99 -27.45 -2.58 102.12
Debt/Equity(x) 0.36 0.29 0.65 0.59 0.48 0.47 0.43 0.39 0.36 0.44 0.26
Current Ratio(x) 1.7 1.49 1.62 1.51 1.42 1.57 1.87 2.13 2.27 1.99 2.19
Quick Ratio(x) 1.18 0.99 1.19 0.92 0.56 0.64 0.82 0.78 1.14 0.82 1.22
Interest Cover(x) 2.95 3.67 3.28 2 1.21 1.38 1.62 1.98 1.67 1.82 2.57
Total Debt/Mcap(x) 1.37 0.42 0.57 0.61 0.4 0.47 0.86 1.91 0.6 0.73 0.41

Somi Conveyor Beltg Shareholding Pattern

# Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
Promoter 59.09 59.09 59.09 59.09 59.09 59.09 59.09 59.09 59.09 59.09
FII 0 0 0 0 0 0 0 0 0 0
DII 0 0 0 0 0 0 0 0 0 0
Public 40.91 40.91 40.91 40.91 40.91 40.91 40.91 40.91 40.9 40.91
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Pros

  • Company has delivered good profit growth of 24% CAGR over last 5 years
  • Debtor days have improved from 94.51 to 56.95days.
  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • Company has a low return on equity of 4% over the 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.

Somi Conveyor Beltg News

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