Somi Conveyor Beltings Limited (IN:SOMICONVEY)
:SOMICONVEY
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Somi Conveyor Beltings Limited
(SOMICONVEY)
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Rating:59Neutral
Price Target:
₹107.00
▼(-12.19% Downside)
Action:Reiterated
Date:05/25/26
Score is driven by solid underlying financials (notably improving leverage and positive profitability) but held back by inconsistent cash-flow history and weak technicals (price below key moving averages with negative MACD). Valuation appears moderate based on the P/E, with no dividend yield data to add support.
Positive Factors
Balance-sheet strength
Materially lower leverage reduces financial risk and interest burden, increasing the firm's flexibility to fund capex, absorb cyclical downturns and pursue strategic investments. Stronger capital structure supports durable resilience and access to cheaper financing over months.
Negative Factors
Weak top-line momentum
Very modest recent revenue growth and a prior flat year suggest limited organic demand expansion. Over a 2-6 month horizon this constrains operating leverage, limits scale economies and indicates exposure to cyclical end markets that could cap durable growth prospects.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance-sheet strength
Materially lower leverage reduces financial risk and interest burden, increasing the firm's flexibility to fund capex, absorb cyclical downturns and pursue strategic investments. Stronger capital structure supports durable resilience and access to cheaper financing over months.
Read all positive factors
Somi Conveyor Beltings Limited (SOMICONVEY) vs. iShares MSCI India ETF (INDA)
Market Cap
₹1.24B
Dividend YieldN/A
Average Volume (3M)4.50K
Price to Earnings (P/E)20.8
Beta (1Y)0.97
Revenue Growth-0.49%
EPS Growth-8.29%
CountryIN
Employees102
SectorIndustrials
Sector Strength72
IndustryIndustrial - Machinery
Share Statistics
EPS (TTM)3.77
Shares Outstanding11,779,656
10 Day Avg. Volume2,936
30 Day Avg. Volume4,497
Financial Highlights & Ratios
PEG Ratio-2.43
Price to Book (P/B)1.28
Price to Sales (P/S)1.04
P/FCF Ratio10.83
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
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 co...
How the Company Makes Money
The company primarily makes money by selling conveyor belting products and associated belting solutions to industrial customers that use conveyor systems for material handling. Revenue is expected to be generated mainly from (i) sales of conveyor ...
Somi Conveyor Beltings Limited Financial Statement Overview
Summary
Income Statement
68
Positive
Balance Sheet
76
Positive
Cash Flow
61
Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 978.85M | 1.01B | 1.01B | 1.02B | 937.33M | 571.30M |
| Gross Profit | 268.24M | 258.90M | 226.51M | 167.40M | 216.81M | 103.81M |
| EBITDA | 98.04M | 99.38M | 108.56M | 84.86M | 80.01M | 66.60M |
| Net Income | 44.43M | 50.31M | 54.86M | 45.53M | 34.68M | 17.16M |
Balance Sheet | ||||||
| Total Assets | 1.12B | 1.11B | 1.22B | 1.10B | 1.03B | 1.07B |
| Cash, Cash Equivalents and Short-Term Investments | 76.06M | 96.64M | 60.52M | 38.87M | 24.73M | 35.78M |
| Total Debt | 151.40M | 135.09M | 214.15M | 152.04M | 176.03M | 283.45M |
| Total Liabilities | 335.62M | 296.75M | 453.51M | 393.92M | 362.53M | 427.46M |
| Stockholders Equity | 785.99M | 815.47M | 765.38M | 710.50M | 665.00M | 642.20M |
Cash Flow | ||||||
| Free Cash Flow | 76.57M | 96.55M | -99.63M | 47.32M | 149.08M | -44.33M |
| Operating Cash Flow | 97.04M | 174.95M | -89.49M | 56.16M | 155.97M | -18.72M |
| Investing Cash Flow | -18.45M | -78.39M | -10.14M | -5.90M | -5.11M | -24.02M |
| Financing Cash Flow | -69.33M | -79.06M | 62.11M | -36.16M | -127.27M | 38.43M |
Somi Conveyor Beltings Limited Technical Analysis
Negative
121.85
Price Trends
106.41
Negative
108.38
Negative
125.38
Negative
Market Momentum
-0.90
Positive
44.56
Neutral
35.73
Neutral
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 110.18, above the 50-day MA of 106.41, and below the 200-day MA of 125.38, indicating a bearish trend. The MACD of -0.90 indicates Positive momentum. The RSI at 44.56 is Neutral, neither overbought nor oversold. The STOCH value of 35.73 is Neutral, 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
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
84 Outperform | ₹20.69B | 24.27 | ― | 0.63% | -1.21% | -5.31% | |
70 Outperform | ₹4.97B | 5.58 | ― | 0.81% | 40.36% | -25.43% | |
69 Neutral | ₹122.78B | 353.10 | ― | 0.41% | 3.97% | -17.80% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
61 Neutral | ₹121.00B | 172.32 | ― | 0.10% | 5.70% | 7.09% | |
59 Neutral | ₹1.24B | 20.79 | ― | ― | -0.49% | -8.29% | |
47 Neutral | ₹5.13B | 204.12 | ― | 0.48% | 51.86% | -146.45% |
* Industrials Sector Average
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Somi Conveyor Beltings Limited Corporate Events
Somi Conveyor Beltings Reappoints Independent Director, Reaffirms SEBI Compliance
Apr 18, 2026
Somi Conveyor Beltings Limited has clarified to the National Stock Exchange that it has re-appointed Santosh Kumar Joshi as a non-executive independent director for a second five-year term, effective February 22, 2026, subject to shareholder appro...
Somi Conveyor Confirms SEBI-Compliant Dematerialization of Securities for Q4 FY26
Apr 4, 2026
Somi Conveyor Beltings Limited has confirmed, based on a certificate from its registrar and transfer agent MUFG Intime India Private Limited, that all securities received for dematerialization during the quarter ended March 31, 2026, were duly ver...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.