Somi Conveyor Beltings Limited (SOMICONVEY) AI Stock Analysis

• Market Cap: ₹1.10B
• Dividend Yield: N/A
• Average Volume (3M): 4.50K
• Price to Earnings (P/E): 23.9
• Beta (1Y): 0.90
• Revenue Growth: -8.10%
• EPS Growth: -22.77%
• Country: IN
• Employees: 102
• Sector: Industrials
• Sector Strength: 72
• Industry: Industrial - Machinery
• EPS (TTM): 0.73
• Shares Outstanding: 11,779,656
• 10 Day Avg. Volume: 2,936
• 30 Day Avg. Volume: 4,497
• PEG Ratio: 1.84
• Price to Book (P/B): 2.77
• Price to Sales (P/S): 2.09
• P/FCF Ratio: -21.27
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 58 Neutral
• Price Target: ₹97.00 ▼(-20.39% Downside)

The score is anchored by solid financial performance (growth and profitability with manageable leverage), but is meaningfully offset by very weak technicals (price below all major moving averages with bearish momentum). Valuation is moderate (P/E ~24.7) with no dividend yield data to provide support.

Positive Factors

Profitability & margins

Stable gross margins together with an improving net margin and healthy EBIT/EBITDA indicate durable operational profitability. This suggests the core manufacturing and pricing model can sustain returns across cycles, supporting reinvestment and resilience to demand swings.

Balance-sheet health

Manageable leverage and an improving ROE show the company is using equity efficiently and retains financial flexibility. A solid equity ratio reduces refinancing risk and supports capacity to fund capex or weather downturns without materially raising solvency risk.

Essential industrial end markets

Serving core heavy industries with an essential product creates durable demand characteristics; added revenue from accessories and installation/maintenance provides recurring, higher-margin follow-on sales and reduces reliance on single large orders.

Negative Factors

Cash-flow volatility & negative FCF

Volatile operating cash flow and recent negative free cash flow constrain internal funding for capex, working capital, and shareholder returns. Over months this raises reliance on external financing and limits the firm's ability to invest counter-cyclically or scale sustainably.

Recent revenue contraction

A year-on-year revenue decline of roughly 8% signals weakening demand or order timing that can erode scale benefits. If this trend persists, margin sustainability and capacity utilization may suffer, pressuring profitability despite prior margin improvements.

Raw-material cost exposure

Margins are exposed to rubber and fabric input-price swings. Persistent or rising raw-material costs can compress margins if pass-through to customers is limited, adding structural cost risk to profitability and requiring active procurement or price‑adjustment strategies.

Somi Conveyor Beltings Limited Business Overview & Revenue Model

Company Description

Somi Conveyor Beltings Limited manufactures and sells industrial conveyor belts in India and internationally. It provides general purpose, heat resistant, fire resistant, and oil resistant conveyor belts. The company also offers special purpose conveyor belts, such as bullet proof, fusion, chevron, rough top, and pipe conveyor belts, as well as rubber sheets and mattings, and steel cord beltings. It primarily serves the cement, sponge iron, power, and mining sectors. Somi Conveyor Beltings Limited was incorporated in 2000 and is headquartered in Jodhpur, India.

How the Company Makes Money

SOMICONVEY generates revenue primarily through the sale of conveyor belts and accessories to industrial clients across multiple sectors. The company benefits from a diverse revenue model that includes direct sales, long-term contracts, and customized solutions for specific projects. Key revenue streams include bulk orders from large manufacturers, repeat business from existing clients, and partnerships with distributors to expand market reach. Additionally, SOMICONVEY may leverage its expertise in conveyor systems to provide consulting services, which can also contribute to its earnings. Factors such as strong customer relationships, a robust supply chain, and a focus on quality and innovation play a significant role in enhancing the company's profitability.

Somi Conveyor Beltings Limited Financial Statement Overview

Summary

Solid profitability and revenue growth support the score, with stable gross margins and improved net margin. Balance sheet leverage appears manageable with improving ROE. The main constraint is cash-flow quality: operating cash flow has been volatile and free cash flow has been negative in recent years.

Income Statement

The company has shown strong revenue growth over the years, with a significant increase from 2022 to 2023. Gross profit margin has remained relatively stable, but the net profit margin has improved, indicating better cost management. EBIT and EBITDA margins are healthy, showing good profitability from core operations.

Balance Sheet

The company maintains a reasonable debt-to-equity ratio, suggesting manageable leverage levels. Return on Equity (ROE) has improved, indicating efficient use of shareholders' equity. The equity ratio is solid, showing a stable financial structure with a good proportion of equity in total assets.

Cash Flow

The cash flow statement shows volatility, with fluctuations in operating cash flow. Free cash flow has been negative in recent years, which could be a concern if this trend continues. However, the company has managed investments and financing effectively to support operations.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	1.12B	1.01B	1.02B	937.33M	571.30M	467.63M
Gross Profit	287.67M	226.51M	167.40M	216.81M	103.81M	154.59M
EBITDA	116.69M	108.56M	84.86M	80.01M	66.60M	66.79M
Net Income	59.46M	54.86M	45.53M	34.68M	17.16M	17.61M
Balance Sheet
Total Assets	0.00	1.22B	1.10B	1.03B	1.07B	1.00B
Cash, Cash Equivalents and Short-Term Investments	60.52M	60.52M	38.87M	24.73M	35.78M	5.49M
Total Debt	0.00	214.15M	152.04M	176.03M	283.45M	222.09M
Total Liabilities	-765.38M	453.51M	393.92M	362.53M	427.46M	377.91M
Stockholders Equity	765.38M	765.38M	710.50M	665.00M	642.20M	625.05M
Cash Flow
Free Cash Flow	0.00	-99.63M	47.32M	149.08M	-44.33M	34.45M
Operating Cash Flow	0.00	-89.49M	56.16M	155.97M	-18.72M	36.65M
Investing Cash Flow	0.00	-10.14M	-5.90M	-5.11M	-24.02M	-757.00K
Financing Cash Flow	0.00	62.11M	-36.16M	-127.27M	38.43M	-39.19M

Somi Conveyor Beltings Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 121.85
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Positive
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:SOMICONVEY, the sentiment is Negative. The current price of 121.85 is above the 20-day moving average (MA) of 110.99, below the 50-day MA of 122.04, and below the 200-day MA of 148.94, indicating a bearish trend. The MACD of -8.31 indicates Positive momentum. The RSI at 18.19 is Positive, neither overbought nor oversold. The STOCH value of 11.46 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:SOMICONVEY.

Somi Conveyor Beltings Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
GNA	73 Outperform	₹15.46B	14.72	―	0.95%	-4.65%	9.95%
THEJO	70 Outperform	₹18.68B	35.30	―	0.30%	4.11%	2.40%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
STERTOOLS	62 Neutral	₹9.18B	18.87	―	0.87%	-19.33%	-26.30%
SOMICONVEY	58 Neutral	₹1.10B	23.92	―	―	-8.10%	-22.77%
KALYANIFRG	53 Neutral	₹2.22B	29.24	―	0.62%	0.76%	17.16%
KECL	49 Neutral	₹5.56B	75.63	―	―	-11.25%	-48.96%

Somi Conveyor Beltings Limited Corporate Events

Somi Conveyor Beltings Closes Trading Window Ahead of Q3 FY2025 Results

Somi Conveyor Beltings Limited has announced the closure of its trading window for directors, officers, designated employees and their immediate relatives from 1 January 2026 until 48 hours after the company releases its unaudited financial results for the quarter ended 31 December 2025. The move, made in line with SEBI’s Prohibition of Insider Trading Regulations and the company’s internal code of conduct, is intended to prevent insider trading ahead of the forthcoming quarterly results, underscoring the firm’s compliance posture and signalling that its third-quarter financial disclosures are imminent, with the exact board meeting date to be communicated later.