Somi Conveyor Beltings Ltd - Stock Valuation and Financial Performance

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

Somi Conveyor Beltg Share Price

140.40 6.60 4.93%
as on 18-May'24 09:28

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

Somewhat overvalued

3. Price Trend

Semi Strong

Somi Conveyor Beltings stock performance -

mw4me loader
P/E Ratio (SA):
33.89
Market Cap:
157.6 Cr.
52-wk low:
46
52-wk high:
156

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 Somewhat overvalued zone.

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

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Somi Conveyor Beltings Ltd is likely to Rise-somewhat 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'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 8.4%7.5%6.2%2.9%4.2%4.8%5.5%5%4.4%6.3%-
Value Creation
Index
-0.4-0.5-0.6-0.8-0.7-0.7-0.6-0.6-0.7-0.6-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 65.574.858.161.76460.746.346.957.293.7102
Sales YoY Gr.-14.1%-22.3%6.3%3.7%-5.3%-23.7%1.3%22.1%63.8%-
Adj EPS 3.43.42.40.20.81.31.91.51.53.14
YoY Gr.-0.6%-28.6%-92.6%322.2%72.4%44.3%-20.1%-2.7%108.8%-
BVPS (₹) 39.342.943.747.248.148.851.653.154.556.558.7
Adj Net
Profit
442.90.20.91.52.21.81.73.65
Cash Flow from Ops. 6.85.23.75.93.43.84.83.7-1.915.6-
Debt/CF from Ops. 26.38.24.57.96.54.96.1-15.11.1-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 4.1%7.9%26.5%63.8%
Adj EPS -1%32.2%17.6%108.8%
BVPS4.1%3.3%3%3.5%
Share Price 23.6% 48.5% 40.9% 192.3%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
87.45.10.41.62.73.82.92.75.56.9
Op. Profit
Mgn %
17.716.423.314.514.714.615.214.511.38.68.4
Net Profit
Mgn %
6.15.34.90.31.42.54.83.833.94.5
Debt to
Equity
0.30.70.60.50.50.40.40.40.40.3-
Working Cap
Days
193179290320359410515514463280100
Cash Conv.
Cycle
11111519922626329137538534419754

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 6.90%

Sales growth is growing at healthy rate in last 3 years 26.52%

Net Profit is growing at healthy rate in last 3 years 17.55%

Sales growth is good in last 4 quarters at 44.24%

No data to display

Latest Financials - Somi Conveyor Beltings Ltd.

Standalone Consolidated
TTM EPS (₹) 4 -
TTM Sales (₹ Cr.) 102 -
BVPS (₹.) 58.7 -
Reserves (₹ Cr.) 57 -
P/BV 2.28 -
PE 33.89 -
From the Market
52 Week Low / High (₹) 46.00 / 156.00
All Time Low / High (₹) 7.40 / 156.00
Market Cap (₹ Cr.) 158
Equity (₹ Cr.) 11.8
Face Value (₹) 10
Industry PE 35.2

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'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales66755862646146475794
Operating Expenses 54634553555239405186
Manufacturing Costs4446764457
Material Costs45523441414029314172
Employee Cost 1113443333
Other Costs 4553322314
Operating Profit 1112139997768
Operating Profit Margin (%) 16.9%16.4%21.9%14.5%14.7%14.5%15.2%14.4%11.1%8.3%
Other Income 0111101000
Interest 2343443433
Depreciation 4576531111
Exceptional Items 0000000000
Profit Before Tax 5641123234
Tax 2210011111
Profit After Tax 4420122223
PAT Margin (%) 5.5%5.7%3.9%0.6%1.6%2.5%5.2%3.8%3.0%3.7%
Adjusted EPS (₹)3.13.61.90.30.91.32.11.51.52.9
Dividend Payout Ratio (%)0%0%51%0%58%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 52565756575861636466
Share Capital 12121212121212121212
Reserves 40444544454649515255
Minority Interest0000000000
Debt13333026262524202616
Long Term Debt01270163653
Short Term Debt13212326251921132112
Trade Payables487910125111112
Others Liabilities 136127952768
Total Liabilities 82102106991029992100107103

Fixed Assets

Gross Block57707172737373747475
Accumulated Depreciation20253238434646474849
Net Fixed Assets37453934312727272626
CWIP 2011010022
Investments 0000000000
Inventories14152437413939364432
Trade Receivables15242418192115292329
Cash Equivalents 61393333346
Others Assets9686797588
Total Assets 82102106991029992100107103

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 75463454-216
PBT 5641123234
Adjustment 67108774333
Changes in Working Capital -4-7-8-2-6-4-2-2-88
Tax Paid -10-2-1000000
Cash Flow From Investing Activity -6-1220-1000-2-1
Capex -5-12-20-1000-3-1
Net Investments 0030000000
Others 0000000000
Cash Flow From Financing Activity 014-5-6-3-4-4-44-13
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 000-715-32-1-2
Interest Paid -1-2-3-2-3-3-3-3-2-2
Dividend Paid 0000000000
Others 216-23-1-62-37-9
Net Cash Flow 2700000002
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)8.18.834.490.741.82.714.12.862.715.31
ROCE (%)12.5511.88.924.736.196.887.886.976.467.92
Asset Turnover Ratio0.890.90.610.660.650.60.480.490.550.9
PAT to CFO Conversion(x)1.751.252N/A322.52-15.33
Working Capital Days
Receivable Days7284138115104121142173167101
Inventory Days6863111166219242310292253147
Payable Days364181758699106969557

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 18-May-2024 09:28 is ₹140.4.
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 18-May-2024 09:28 the market cap of Somi Conveyor Beltg stood at ₹157.6.
The latest P/E ratio of Somi Conveyor Beltg as of 18-May-2024 09:28 is 33.89.
The latest P/B ratio of Somi Conveyor Beltg as of 18-May-2024 09:28 is 2.28.
The 52-week high of Somi Conveyor Beltg is ₹156.0 and the 52-week low is ₹46.00.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Somi Conveyor Beltg is ₹102.5 ( 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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