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

₹ 57.5 -1.79%
28 Sep - 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 ₹ 67.7 Cr.
  • Current Price ₹ 57.5
  • High / Low ₹ 71.0 / 32.2
  • Stock P/E 18.3
  • Book Value ₹ 56.4
  • Dividend Yield 0.00 %
  • ROCE 7.92 %
  • ROE 5.31 %
  • Face Value ₹ 10.0
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Pros

  • Company has reduced debt.
  • Stock is trading at 1.02 times its book value
  • Company is expected to give good quarter
  • Debtor days have improved from 163 to 114 days.

Cons

  • 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

Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023
4.29 6.45 15.64 20.49 5.29 19.42 15.11 17.41 13.39 19.63 21.92 38.79 16.76
3.04 4.98 13.38 18.93 4.05 17.69 13.78 15.38 12.08 17.81 20.39 35.65 15.32
Operating Profit 1.25 1.47 2.26 1.56 1.24 1.73 1.33 2.03 1.31 1.82 1.53 3.14 1.44
OPM % 29.14% 22.79% 14.45% 7.61% 23.44% 8.91% 8.80% 11.66% 9.78% 9.27% 6.98% 8.09% 8.59%
0.05 0.02 0.03 0.05 0.05 0.06 0.18 0.04 0.07 0.04 0.04 0.05 0.06
Interest 0.84 1.04 0.67 0.76 0.81 0.84 0.72 0.73 0.65 0.74 0.71 0.62 0.42
Depreciation 0.23 0.23 0.23 0.34 0.24 0.24 0.25 0.25 0.24 0.24 0.25 0.28 0.27
Profit before tax 0.23 0.22 1.39 0.51 0.24 0.71 0.54 1.09 0.49 0.88 0.61 2.29 0.81
Tax % 26.09% 40.91% 22.30% 23.53% 33.33% 22.54% 25.93% 44.04% 24.49% 25.00% 24.59% 13.10% 24.69%
0.17 0.13 1.08 0.38 0.16 0.54 0.41 0.60 0.37 0.66 0.46 1.98 0.61
EPS in Rs 0.14 0.11 0.92 0.32 0.14 0.46 0.35 0.51 0.31 0.56 0.39 1.68 0.52
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
36.30 79.40 65.51 74.76 58.07 61.73 64.03 60.66 46.28 46.85 57.18 93.73 97.10
26.87 66.82 54.42 62.51 45.36 52.79 54.62 51.87 39.04 40.08 50.80 85.92 89.17
Operating Profit 9.43 12.58 11.09 12.25 12.71 8.94 9.41 8.79 7.24 6.77 6.38 7.81 7.93
OPM % 25.98% 15.84% 16.93% 16.39% 21.89% 14.48% 14.70% 14.49% 15.64% 14.45% 11.16% 8.33% 8.17%
1.06 0.72 0.31 1.32 1.45 0.62 0.55 0.35 0.45 0.15 0.33 0.20 0.19
Interest 2.95 3.06 2.01 2.57 3.68 3.21 3.69 3.52 3.32 3.54 3.16 2.72 2.49
Depreciation 4.56 4.28 4.02 5.13 6.79 5.68 4.85 3.44 1.11 1.02 0.98 1.01 1.04
Profit before tax 2.98 5.96 5.37 5.87 3.69 0.67 1.42 2.18 3.26 2.36 2.57 4.28 4.59
Tax % 33.89% 33.89% 32.96% 27.09% 37.67% 40.30% 28.87% 29.36% 25.46% 25.00% 33.46% 18.93%
1.97 3.94 3.60 4.28 2.29 0.40 1.01 1.55 2.43 1.76 1.72 3.47 3.71
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 3.15
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 51.44% 0.00% 58.32% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: 2%
5 Years: 8%
3 Years: 27%
TTM: 49%
Compounded Profit Growth
10 Years: -1%
5 Years: 28%
3 Years: 13%
TTM: 93%
Stock Price CAGR
10 Years: 9%
5 Years: 12%
3 Years: 38%
1 Year: 34%
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
11.78 11.78 11.78 11.78 11.78 11.78 11.78 11.78 11.78 11.78 11.78 11.78
Reserves 32.40 36.34 39.94 44.22 45.09 43.80 44.86 45.74 49.04 50.72 52.44 54.72
22.31 15.40 17.11 32.90 30.45 26.52 26.47 24.99 23.57 22.21 28.35 17.61
13.57 18.05 13.27 13.55 19.17 17.92 20.11 18.29 8.58 15.59 14.40 18.64
Total Liabilities 80.06 81.57 82.10 102.45 106.49 100.02 103.22 100.80 92.97 100.30 106.97 102.75
37.32 34.85 36.62 44.97 38.90 33.95 30.60 26.52 27.01 26.52 26.07 25.99
CWIP 2.70 2.93 2.28 0.50 1.31 1.06 0.43 0.76 0.41 0.10 2.12 1.89
Investments 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
40.04 43.79 43.20 56.98 66.28 65.01 72.19 73.52 65.55 73.68 78.78 74.87
Total Assets 80.06 81.57 82.10 102.45 106.49 100.02 103.22 100.80 92.97 100.30 106.97 102.75

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
5.49 11.42 6.77 5.20 3.68 5.94 3.36 3.83 4.84 3.66 -1.87 15.60
-1.29 -1.86 -5.51 -12.04 1.61 -0.14 -0.70 0.49 -0.22 -0.08 -2.40 -0.51
-3.22 -9.15 0.49 13.67 -5.30 -6.14 -2.63 -4.23 -4.17 -3.92 3.84 -12.73
Net Cash Flow 0.98 0.41 1.75 6.83 -0.01 -0.35 0.03 0.10 0.45 -0.33 -0.43 2.36

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 59.53 65.00 81.18 115.91 152.99 105.90 110.42 125.16 119.17 229.44 145.86 113.98
Inventory Days 340.78 82.70 114.40 102.53 257.00 331.15 366.96 357.37 488.57 423.43 387.38 160.89
Days Payable 39.85 32.66 29.38 55.99 78.11 84.31 88.95 108.28 64.27 129.50 93.30 60.23
Cash Conversion Cycle 360.46 115.04 166.21 162.45 331.89 352.73 388.43 374.24 543.47 523.37 439.94 214.64
Working Capital Days 198.29 101.41 116.73 144.61 219.30 244.38 268.21 291.83 401.91 414.24 363.66 184.51
ROCE % 9.06% 13.88% 11.15% 10.70% 8.36% 4.58% 6.19% 6.88% 7.88% 6.98% 6.46% 7.92%

Shareholding Pattern

Numbers in percentages

Sep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023
59.05% 59.05% 59.05% 59.05% 59.09% 59.09% 59.09% 59.09% 59.09% 59.09% 59.09% 59.09%
40.95% 40.95% 40.95% 40.95% 40.91% 40.91% 40.91% 40.91% 40.91% 40.91% 40.90% 40.92%
No. of Shareholders 4,2464,1214,7766,6137,7316,9896,8226,8117,1396,8726,7347,097

Documents

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