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BSE: 533001 | NSE: SOMICONVEY | Rubber Products | Small Cap
Past 10 year's financial track record analysis by Moneyworks4me indicates that Somi Conveyor Beltings Ltd is a average quality company.
The key valuation ratios of Somi Conveyor Beltings Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Somi Conveyor Beltings Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 11.8% | 8.9% | 4.7% | 6.2% | 6.9% | 7.9% | 7% | 6.5% | 7.9% | 9.3% | - |
| Value Creation Index ⓘ | -0.2 | -0.4 | -0.7 | -0.6 | -0.5 | -0.4 | -0.5 | -0.5 | -0.4 | -0.3 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 74.8 | 58.1 | 61.7 | 64 | 60.7 | 46.3 | 46.9 | 57.2 | 93.7 | 102 | 101 |
| Sales YoY Gr. | - | -22.3% | 6.3% | 3.7% | -5.3% | -23.7% | 1.3% | 22.1% | 63.8% | 8.9% | - |
| Adj EPS ⓘ | 3.4 | 2.4 | 0.2 | 0.8 | 1.3 | 1.9 | 1.5 | 1.5 | 3.1 | 3.9 | 4 |
| YoY Gr. | - | -28.6% | -92.6% | 322.2% | 72.4% | 44.3% | -20.1% | -2.7% | 108.8% | 25.4% | - |
| BVPS (₹) ⓘ | 42.9 | 43.7 | 47.2 | 48.1 | 48.8 | 51.6 | 53.1 | 54.5 | 56.5 | 60.3 | 61 |
| Adj Net Profit ⓘ | 4 | 2.9 | 0.2 | 0.9 | 1.5 | 2.2 | 1.8 | 1.7 | 3.6 | 4.5 | 5 |
| Cash Flow from Ops. ⓘ | 5.2 | 3.7 | 5.9 | 3.4 | 3.8 | 4.8 | 3.7 | -1.9 | 15.6 | 5.6 | - |
| Debt/CF from Ops. ⓘ | 6.3 | 8.2 | 4.5 | 7.9 | 6.5 | 4.9 | 6.1 | -15.1 | 1.1 | 2.7 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 3.5% | 11% | 29.6% | 8.9% | ||||
| Adj EPS ⓘ | 1.4% | 24.1% | 36.6% | 25.4% | ||||
| BVPSⓘ | 3.9% | 4.3% | 4.4% | 6.9% | ||||
| Share Price | 19.8% | 63% | 52.1% | 60.4% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 7.4 | 5.1 | 0.4 | 1.6 | 2.7 | 3.8 | 2.9 | 2.7 | 5.5 | 6.6 | 6.6 |
| Op. Profit Mgn % ⓘ | 16.4 | 23.3 | 14.5 | 14.7 | 14.6 | 15.2 | 14.5 | 11.3 | 8.6 | 8.6 | 8.8 |
| Net Profit Mgn % ⓘ | 5.3 | 4.9 | 0.3 | 1.4 | 2.5 | 4.8 | 3.8 | 3 | 3.9 | 4.5 | 4.7 |
| Debt to Equity ⓘ | 0.7 | 0.6 | 0.5 | 0.5 | 0.4 | 0.4 | 0.4 | 0.4 | 0.3 | 0.2 | - |
| Working Cap Days ⓘ | 179 | 290 | 320 | 359 | 410 | 515 | 514 | 463 | 280 | 256 | 106 |
| Cash Conv. Cycle ⓘ | 115 | 199 | 226 | 263 | 291 | 375 | 385 | 344 | 197 | 172 | 57 |
Return on Equity has increased versus last 3 years average to 6.60%
Sales growth is growing at healthy rate in last 3 years 29.63%
Net Profit is growing at healthy rate in last 3 years 36.61%
Sales growth is not so good in last 4 quarters at 4.74%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 4 | - |
| TTM Sales (₹ Cr.) | 101 | - |
| BVPS (₹.) ⓘ | 61 | - |
| Reserves (₹ Cr.) ⓘ | 60 | - |
| P/BV ⓘ | 2.67 | - |
| PE ⓘ | 40.96 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 85.00 / 236.20 |
| All Time Low / High (₹) | 7.40 / 236.20 |
| Market Cap (₹ Cr.) | 192 |
| Equity (₹ Cr.) | 11.8 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 35.1 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 75 | 58 | 62 | 64 | 61 | 46 | 47 | 57 | 94 | 102 |
| Operating Expenses ⓘ | 63 | 45 | 53 | 55 | 52 | 39 | 40 | 51 | 86 | 93 |
| Manufacturing Costs | 4 | 4 | 6 | 7 | 6 | 4 | 4 | 5 | 7 | 8 |
| Material Costs | 52 | 34 | 41 | 41 | 40 | 29 | 31 | 41 | 72 | 78 |
| Employee Cost | 1 | 1 | 3 | 4 | 4 | 3 | 3 | 3 | 3 | 3 |
| Other Costs ⓘ | 5 | 5 | 3 | 3 | 2 | 2 | 3 | 1 | 4 | 5 |
| Operating Profit ⓘ | 12 | 13 | 9 | 9 | 9 | 7 | 7 | 6 | 8 | 9 |
| Operating Profit Margin (%) | 16.4% | 21.9% | 14.5% | 14.7% | 14.5% | 15.2% | 14.4% | 11.1% | 8.3% | 8.6% |
| Other Income ⓘ | 1 | 1 | 1 | 1 | 0 | 1 | 0 | 0 | 0 | 0 |
| Interest ⓘ | 3 | 4 | 3 | 4 | 4 | 3 | 4 | 3 | 3 | 2 |
| Depreciation ⓘ | 5 | 7 | 6 | 5 | 3 | 1 | 1 | 1 | 1 | 1 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 6 | 4 | 1 | 1 | 2 | 3 | 2 | 3 | 4 | 6 |
| Tax ⓘ | 2 | 1 | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 2 |
| Profit After Tax | 4 | 2 | 0 | 1 | 2 | 2 | 2 | 2 | 3 | 5 |
| PAT Margin (%) | 5.7% | 3.9% | 0.6% | 1.6% | 2.5% | 5.2% | 3.8% | 3.0% | 3.7% | 4.5% |
| Adjusted EPS (₹) | 3.6 | 1.9 | 0.3 | 0.9 | 1.3 | 2.1 | 1.5 | 1.5 | 2.9 | 3.9 |
| Dividend Payout Ratio (%) | 0% | 51% | 0% | 58% | 0% | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 56 | 57 | 56 | 57 | 58 | 61 | 63 | 64 | 66 | 71 |
| Share Capital ⓘ | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 12 |
| Reserves ⓘ | 44 | 45 | 44 | 45 | 46 | 49 | 51 | 52 | 55 | 59 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 33 | 30 | 26 | 26 | 25 | 24 | 20 | 26 | 16 | 15 |
| Long Term Debt | 12 | 7 | 0 | 1 | 6 | 3 | 6 | 5 | 3 | 1 |
| Short Term Debt | 21 | 23 | 26 | 25 | 19 | 21 | 13 | 21 | 13 | 13 |
| Trade Payables | 8 | 7 | 9 | 10 | 12 | 5 | 11 | 11 | 12 | 16 |
| Others Liabilities ⓘ | 6 | 12 | 7 | 9 | 5 | 2 | 7 | 6 | 8 | 9 |
| Total Liabilities ⓘ | 102 | 106 | 99 | 102 | 99 | 92 | 100 | 107 | 103 | 110 |
Fixed Assets | ||||||||||
| Gross Block | 70 | 71 | 72 | 73 | 73 | 73 | 74 | 74 | 75 | 76 |
| Accumulated Depreciation | 25 | 32 | 38 | 43 | 46 | 46 | 47 | 48 | 49 | 51 |
| Net Fixed Assetsⓘ | 45 | 39 | 34 | 31 | 27 | 27 | 27 | 26 | 26 | 26 |
| CWIP ⓘ | 0 | 1 | 1 | 0 | 1 | 0 | 0 | 2 | 2 | 2 |
| Investmentsⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Inventories | 15 | 24 | 37 | 41 | 39 | 39 | 36 | 44 | 32 | 26 |
| Trade Receivables | 24 | 24 | 18 | 19 | 21 | 15 | 29 | 23 | 29 | 41 |
| Cash Equivalents | 13 | 9 | 3 | 3 | 3 | 3 | 3 | 4 | 6 | 8 |
| Others Assetsⓘ | 6 | 8 | 6 | 7 | 9 | 7 | 5 | 8 | 8 | 7 |
| Total Assets ⓘ | 102 | 106 | 99 | 102 | 99 | 92 | 100 | 107 | 103 | 110 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 5 | 4 | 6 | 3 | 4 | 5 | 4 | -2 | 16 | 6 |
| PBT ⓘ | 6 | 4 | 1 | 1 | 2 | 3 | 2 | 3 | 4 | 6 |
| Adjustment ⓘ | 7 | 10 | 8 | 7 | 7 | 4 | 3 | 3 | 3 | 2 |
| Changes in Working Capital ⓘ | -7 | -8 | -2 | -6 | -4 | -2 | -2 | -8 | 8 | -3 |
| Tax Paid ⓘ | 0 | -2 | -1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash Flow From Investing Activity ⓘ | -12 | 2 | 0 | -1 | 0 | 0 | 0 | -2 | -1 | -1 |
| Capex | -12 | -2 | 0 | -1 | 0 | 0 | 0 | -3 | -1 | -1 |
| Net Investments | 0 | 3 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash Flow From Financing Activityⓘ | 14 | -5 | -6 | -3 | -4 | -4 | -4 | 4 | -13 | -4 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 0 | 0 | -7 | 1 | 5 | -3 | 2 | -1 | -2 | -2 |
| Interest Paid ⓘ | -2 | -3 | -2 | -3 | -3 | -3 | -3 | -2 | -2 | -1 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 16 | -2 | 3 | -1 | -6 | 2 | -3 | 7 | -9 | 0 |
| Net Cash Flow ⓘ | 7 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 1 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 8.83 | 4.49 | 0.74 | 1.8 | 2.71 | 4.1 | 2.86 | 2.71 | 5.31 | 6.62 |
| ROCE (%) | 11.8 | 8.92 | 4.73 | 6.19 | 6.88 | 7.88 | 6.97 | 6.46 | 7.92 | 9.27 |
| Asset Turnover Ratio | 0.9 | 0.61 | 0.66 | 0.65 | 0.6 | 0.48 | 0.49 | 0.55 | 0.9 | 0.96 |
| PAT to CFO Conversion(x) | 1.25 | 2 | N/A | 3 | 2 | 2.5 | 2 | -1 | 5.33 | 1.2 | Working Capital Days |
| Receivable Days | 84 | 138 | 115 | 104 | 121 | 142 | 173 | 167 | 101 | 125 |
| Inventory Days | 63 | 111 | 166 | 219 | 242 | 310 | 292 | 253 | 147 | 104 |
| Payable Days | 41 | 81 | 75 | 86 | 99 | 106 | 96 | 95 | 57 | 66 |
Somi Conveyor Beltings Limited (SCBL) was incorporated on June 16, 2000 as Omi Conveyor Beltings Limited under the Companies Act, 1956, with the Registrar of Companies, Rajasthan at Jaipur and subsequently, the name of the company was changed to Somi Conveyor Beltings Limited with effect from October 31, 2000. Om Prakash Bhansali, Vimal Bhansali and Gaurav Bhansali are the promoters of the company.
The company started its commercial production from February 2002. Initially, the company began with a manufacturing capacity of 72,000 meters per annum (MPA) of rubber conveyor beltings. The company initiated a capacity expansion in 2004. At present SCBL can manufacture belts up to 1200-mm width.
Somi Conveyor Belting is a widely acclaimed manufacturers, exporters and suppliers of conveyor belts in India. It has been in the operation for the past three decades and has accomplished many heights that others can just dream of.
Somi Conveyor Beltings is a manufacturer and exporter of rubber conveyor belt of all grades for material handling. Conveyor belts are used in a wide variety of material transport applications such as manufacturing, food processing, and heavy industries. Belt construction and belt materials are often application-specific. Materials are often application-specific.
Inspired by overwhelming response from its valued customers, the company completed its first expansion in the year 2003 increasing its production capacity from 72000 square meters to 2 Lakh square meters per annum. As company’s clientele base is ever expanding and demand for larger widths ranging up to 2000 mm is mounting, it has become inevitable necessity to go for yet second expansion. The company has completed all necessary ground work and is now totally poised and geared up to accomplish its second expansion without any possible delay.
Somi Conveyor Belting Ltd is equipped with the latest and modern belting plant known for the manufacture of highly fuel efficient, longer life conveyor beltings and elevator beltings products. The plant embeded with high degree of 'Aramid technology', which has 20% weight of NN/EP reinforcement fabric that can minimize power consumption. Somi Conveyor Belting Ltd, strives to deliver products that set new heights in the field of conveyor and elevator belts products. It follows stringent quality policy to ensure that the products measure up to the internationnal standards in terms of technology and production.
SOMI Conveyor Beltings has always risen to the occasion by supplying conveyor beltings of exceptional quality while at the same time developing its own trade mark brands which are far superior and more durable than traditional conveyor belts in use.
The company has a very long list of satisfied customers, notable among them are ACC, Aditya Birla Group of Companies, L&T, Essar Steel, TATAs, Ambuja Group etc. in private sector favoring the company with their repeat orders. Recently, Somi Conveyor Beltings bagged an order of about Rs. 1 Crore for 4800 meters belt length from M/s APGENCO, a prestigious Power Project of Andhra Pradesh. Entire lot of belts has been supplied well in advance and in a single lot.
Product range of the company includes:
Milestones:
Achievements/ recognition :
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Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
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The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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