Somi Conveyor Beltings Ltd

Somi Conv.Belt. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Somi Conveyor Beltings Ltd

₹ 147 -0.10%
26 Apr - close price
somiconveyor.com BSE: 533001 NSE - BE : SOMICONVEY
About

Incorporated in 2000, Somi Conveyor Belting Ltd is in the business of manufacturing rubber and steel-based Industrial conveyor belts

Key Points

Product Profile:[1][2]
a) General Purpose Conveyor Belt
b) Heat Resistant Conveyor Belt
c) Fire Resistant Conveyor Belt
d) Oil Resistant Conveyor Belt
e) Special Purpose Conveyor Belt
f) Rubber Sheets & Mattings Conveyor Belt
g) Maintenances Conveyor Belt
h) Steel Cord
Conveyor belts are further categorized as:
M-24, Tiger M-27, HR Grade, SHR Grade, SHR T2 Upto 150 Deg Conveyor Belts, UHR Grade, UHR T3180 Deg Conveyor Belts, SEHR-36 (Crackless upto 250 Degree), SEHR-72 (Crackless upto 350 Degree), Fire Resistant SEFR-81, Oil Resistant, SAR-36 Fusion Belt(Combination of Fabric Belt and Steel Wires), STA(Bullet Proof Aramid Fabric), Chevron, Rough Top, Rubber Sheets and Mattings, etc.

Website BSE NSE - BE
  • Market Cap ₹ 175 Cr.
  • Current Price ₹ 147
  • High / Low ₹ 153 / 43.0
  • Stock P/E 37.6
  • Book Value ₹ 58.1
  • Dividend Yield 0.00 %
  • ROCE 7.92 %
  • ROE 5.31 %
  • Face Value ₹ 10.0
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Pros

  • Company has reduced debt.
  • Company is expected to give good quarter
  • Debtor days have improved from 163 to 114 days.

Cons

  • Stock is trading at 2.53 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has a low return on equity of 3.65% over 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.

Peer comparison

Sector: Plantation & Plantation Products Industry: Miscellaneous

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Quarterly Results

Figures in Rs. Crores

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
15.64 20.49 5.29 19.42 15.11 17.41 13.39 19.63 21.92 38.79 16.76 28.15 18.76
13.38 18.93 4.05 17.69 13.78 15.38 12.08 17.81 20.39 35.65 15.32 25.79 17.11
Operating Profit 2.26 1.56 1.24 1.73 1.33 2.03 1.31 1.82 1.53 3.14 1.44 2.36 1.65
OPM % 14.45% 7.61% 23.44% 8.91% 8.80% 11.66% 9.78% 9.27% 6.98% 8.09% 8.59% 8.38% 8.80%
0.03 0.05 0.05 0.06 0.18 0.04 0.07 0.04 0.04 0.05 0.06 0.14 0.08
Interest 0.67 0.76 0.81 0.84 0.72 0.73 0.65 0.74 0.71 0.62 0.42 0.47 0.42
Depreciation 0.23 0.34 0.24 0.24 0.25 0.25 0.24 0.24 0.25 0.28 0.27 0.28 0.29
Profit before tax 1.39 0.51 0.24 0.71 0.54 1.09 0.49 0.88 0.61 2.29 0.81 1.75 1.02
Tax % 22.30% 23.53% 33.33% 22.54% 25.93% 44.04% 24.49% 25.00% 24.59% 13.10% 24.69% 25.71% 24.51%
1.08 0.38 0.16 0.54 0.41 0.60 0.37 0.66 0.46 1.98 0.61 1.29 0.76
EPS in Rs 0.92 0.32 0.14 0.46 0.35 0.51 0.31 0.56 0.39 1.68 0.52 1.10 0.65
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
36 79 66 75 58 62 64 61 46 47 57 94 102
27 67 54 63 45 53 55 52 39 40 51 86 94
Operating Profit 9 13 11 12 13 9 9 9 7 7 6 8 9
OPM % 26% 16% 17% 16% 22% 14% 15% 14% 16% 14% 11% 8% 8%
1 1 0 1 1 1 1 0 0 0 0 0 0
Interest 3 3 2 3 4 3 4 4 3 4 3 3 2
Depreciation 5 4 4 5 7 6 5 3 1 1 1 1 1
Profit before tax 3 6 5 6 4 1 1 2 3 2 3 4 6
Tax % 34% 34% 33% 27% 38% 40% 29% 29% 25% 25% 33% 19%
2 4 4 4 2 0 1 2 2 2 2 3 5
EPS in Rs 1.67 3.34 3.06 3.63 1.94 0.34 0.86 1.32 2.06 1.49 1.46 2.95 3.95
Dividend Payout % -0% -0% -0% -0% 51% -0% 58% -0% -0% -0% -0% -0%
Compounded Sales Growth
10 Years: 2%
5 Years: 8%
3 Years: 27%
TTM: 42%
Compounded Profit Growth
10 Years: -1%
5 Years: 28%
3 Years: 13%
TTM: 122%
Stock Price CAGR
10 Years: 16%
5 Years: 44%
3 Years: 60%
1 Year: 222%
Return on Equity
10 Years: 4%
5 Years: 4%
3 Years: 4%
Last Year: 5%

Balance Sheet

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 12 12 12 12 12 12 12 12 12 12 12 12 12
Reserves 32 36 40 44 45 44 45 46 49 51 52 55 57
22 15 17 33 30 27 26 25 24 22 28 18 16
14 18 13 14 19 18 20 18 9 16 14 19 19
Total Liabilities 80 82 82 102 106 100 103 101 93 100 107 103 104
37 35 37 45 39 34 31 27 27 27 26 26 26
CWIP 3 3 2 0 1 1 0 1 0 0 2 2 1
Investments -0 -0 -0 -0 -0 -0 -0 -0 -0 -0 -0 -0 -0
40 44 43 57 66 65 72 74 66 74 79 75 77
Total Assets 80 82 82 102 106 100 103 101 93 100 107 103 104

Cash Flows

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
5 11 7 5 4 6 3 4 5 4 -2 16
-1 -2 -6 -12 2 -0 -1 0 -0 -0 -2 -1
-3 -9 0 14 -5 -6 -3 -4 -4 -4 4 -13
Net Cash Flow 1 0 2 7 -0 -0 0 0 0 -0 -0 2

Ratios

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 60 65 81 116 153 106 110 125 119 229 146 114
Inventory Days 341 83 114 103 257 331 367 357 489 423 387 161
Days Payable 40 33 29 56 78 84 89 108 64 130 93 60
Cash Conversion Cycle 360 115 166 162 332 353 388 374 543 523 440 215
Working Capital Days 198 101 117 145 219 244 268 292 402 414 364 185
ROCE % 9% 14% 11% 11% 8% 5% 6% 7% 8% 7% 6% 8%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
59.05% 59.09% 59.09% 59.09% 59.09% 59.09% 59.09% 59.09% 59.09% 59.09% 59.09% 59.09%
40.95% 40.91% 40.91% 40.91% 40.91% 40.91% 40.91% 40.90% 40.92% 40.91% 40.91% 40.91%
No. of Shareholders 6,6137,7316,9896,8226,8117,1396,8726,7347,0976,0676,4296,028

Documents

Announcements

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