Somi Conveyor Beltings Ltd - Stock Valuation and Financial Performance

BSE: 533001 | NSE: SOMICONVEY | Rubber Products | Small Cap

Somi Conveyor Beltg Share Price

174.50 3.40 1.99%
as on 22-Nov'24 16:59

DeciZen - make an informed investing decision on Somi Conveyor Beltg

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

Somi Conveyor Beltings stock performance -

mw4me loader
P/E Ratio (SA):
35.71
Market Cap:
205.6 Cr.
52-wk low:
85
52-wk high:
236.2

Is Somi Conveyor Beltings Ltd an attractive stock to invest in?

1. Is Somi Conveyor Beltings Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Somi Conveyor Beltings Ltd is a average quality company.

2. Is Somi Conveyor Beltings Ltd undervalued or overvalued?

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.

3. Is Somi Conveyor Beltings Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Somi Conveyor Beltings Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

10 Year X-Ray of Somi Conveyor Beltg:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Somi Conveyor Beltings Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
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 74.858.161.76460.746.346.957.293.7102107
Sales YoY Gr.--22.3%6.3%3.7%-5.3%-23.7%1.3%22.1%63.8%8.9%-
Adj EPS 3.42.40.20.81.31.91.51.53.13.94.9
YoY Gr.--28.6%-92.6%322.2%72.4%44.3%-20.1%-2.7%108.8%25.4%-
BVPS (₹) 42.943.747.248.148.851.653.154.556.560.363
Adj Net
Profit
42.90.20.91.52.21.81.73.64.56
Cash Flow from Ops. 5.23.75.93.43.84.83.7-1.915.65.6-
Debt/CF from Ops. 6.38.24.57.96.54.96.1-15.11.12.7-

CAGR

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%
BVPS3.9%4.3%4.4%6.9%
Share Price 21.3% 67.6% 59.9% 88.1%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
7.45.10.41.62.73.82.92.75.56.67.9
Op. Profit
Mgn %
16.423.314.514.714.615.214.511.38.68.69.7
Net Profit
Mgn %
5.34.90.31.42.54.83.833.94.55.4
Debt to
Equity
0.70.60.50.50.40.40.40.40.30.20
Working Cap
Days
17929032035941051551446328025699
Cash Conv.
Cycle
11519922626329137538534419717255

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 7.90%

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 -0.84%

Latest Financials - Somi Conveyor Beltings Ltd.

Standalone Consolidated
TTM EPS (₹) 4.9 -
TTM Sales (₹ Cr.) 107 -
BVPS (₹.) 63 -
Reserves (₹ Cr.) 62 -
P/BV 2.77 -
PE 35.71 -
From the Market
52 Week Low / High (₹) 85.00 / 236.20
All Time Low / High (₹) 7.40 / 236.20
Market Cap (₹ Cr.) 206
Equity (₹ Cr.) 11.8
Face Value (₹) 10
Industry PE 37.1

Management X-Ray of Somi Conveyor Beltg:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Somi Conveyor Beltg

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales755862646146475794102
Operating Expenses 63455355523940518693
Manufacturing Costs4467644578
Material Costs52344141402931417278
Employee Cost 1134433333
Other Costs 5533223145
Operating Profit 121399977689
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 1111010000
Interest 3434434332
Depreciation 5765311111
Exceptional Items 0000000000
Profit Before Tax 6411232346
Tax 2100111112
Profit After Tax 4201222235
PAT Margin (%) 5.7%3.9%0.6%1.6%2.5%5.2%3.8%3.0%3.7%4.5%
Adjusted EPS (₹)3.61.90.30.91.32.11.51.52.93.9
Dividend Payout Ratio (%)0%51%0%58%0%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund 56575657586163646671
Share Capital 12121212121212121212
Reserves 44454445464951525559
Minority Interest0000000000
Debt33302626252420261615
Long Term Debt12701636531
Short Term Debt21232625192113211313
Trade Payables8791012511111216
Others Liabilities 61279527689
Total Liabilities 102106991029992100107103110

Fixed Assets

Gross Block70717273737374747576
Accumulated Depreciation25323843464647484951
Net Fixed Assets45393431272727262626
CWIP 0110100222
Investments 0000000000
Inventories15243741393936443226
Trade Receivables24241819211529232941
Cash Equivalents 13933333468
Others Assets6867975887
Total Assets 102106991029992100107103110

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity 5463454-2166
PBT 6411232346
Adjustment 71087743332
Changes in Working Capital -7-8-2-6-4-2-2-88-3
Tax Paid 0-2-10000000
Cash Flow From Investing Activity -1220-1000-2-1-1
Capex -12-20-1000-3-1-1
Net Investments 0300000000
Others 0000000000
Cash Flow From Financing Activity 14-5-6-3-4-4-44-13-4
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 00-715-32-1-2-2
Interest Paid -2-3-2-3-3-3-3-2-2-1
Dividend Paid 0000000000
Others 16-23-1-62-37-90
Net Cash Flow 7000000021
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)8.834.490.741.82.714.12.862.715.316.62
ROCE (%)11.88.924.736.196.887.886.976.467.929.27
Asset Turnover Ratio0.90.610.660.650.60.480.490.550.90.96
PAT to CFO Conversion(x)1.252N/A322.52-15.331.2
Working Capital Days
Receivable Days84138115104121142173167101125
Inventory Days63111166219242310292253147104
Payable Days418175869910696955766

Somi Conveyor Beltings Ltd Stock News

Somi Conveyor Beltings Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Somi Conveyor Beltg on 22-Nov-2024 16:59 is ₹174.5.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 22-Nov-2024 16:59 the market cap of Somi Conveyor Beltg stood at ₹205.6.
The latest P/E ratio of Somi Conveyor Beltg as of 22-Nov-2024 16:59 is 35.71.
The latest P/B ratio of Somi Conveyor Beltg as of 22-Nov-2024 16:59 is 2.77.
The 52-week high of Somi Conveyor Beltg is ₹236.2 and the 52-week low is ₹85.00.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Somi Conveyor Beltg is ₹106.5 ( Cr.) .

About Somi Conveyor Beltings Ltd

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:

  • Conveyor Belt -General Purpose -Heat Resistance -Super HR -Fire Resistance -Somiflex Secial Belts-M-24 -ROCK-2007 -HR -SHR & UHR-FR -FR-79-SA-54 -SC-36 -SEHR-36 -SEFR-72
  • Pipe Conveyor Belt
  • Rubber conveyor belt
  • Rubber tyre valves
  • Tyre vulnanizer
  • Conveyor belt cleaner
  • Rubber tyre vulcanizer
  • Conveyor belt vulcanizer
  • Pulley lagging rubber sheets.

Milestones:

  • 2000 -Incorporation of the company
  • 2001 -Factory Unit at 463-466, H2, Sangaria Industrial Area, Jodhpur commenced trial production in November, 2001 and commercial production in February 2002.
  • 2003 -The company launched SOMIFLEX special utility belts “SEHR-36” and “TIGER-M-27” which can resist high temperatures up to 250 Celsius and high abrasion.
  • 2004 -The company increased its production capacity by 100% by installing new production line in the existing unit.
  • 2004 -ISO 9001:2000 Certification issued to the company in relation to “Quality Management System”.
  • 2005 -Supply of rubber conveyor belts to the Andhra Pradesh Power Corporation Limited, a Government of Andhra Pradesh undertaking.
  • 2006 -Supply of rubber conveyor belts to the Karnataka Power Corporation Limited, a Government of Karnataka undertaking.
  • 2007 - Secured an order worth Rs.3.08 Crores from Andhra Pradesh Power Generation Corporation Limited, a Government of Andhra Pradesh undertaking.

Achievements/ recognition :

  • An ISO-9001 Certified company
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