Somi Conveyor Beltings Limited (SOMICONVEY) AI Stock Analysis

2 Followers

Somi Conveyor Beltings Limited

(NSE:SOMICONVEY)

Select Model

Rating:63Neutral

Price Target:INR 88.00▲(6.67% Upside)

Action:reiterated

Date:08/21/26

The score is driven primarily by improving financial strength (lower leverage and positive profitability), tempered by cash-flow volatility and only modest recent growth. Technicals are mixed with short-term strength but longer-term downtrend signals (below 100/200DMA and negative MACD). Valuation is a headwind given the ~26.6 P/E without dividend yield support.

Positive Factors

Improving Balance SheetThe sharp reduction in debt relative to equity indicates a more conservative capital structure and lower financial risk. Greater balance-sheet resilience should improve the company’s ability to withstand demand fluctuations, fund operations, and pursue growth without relying heavily on additional borrowing.

Negative Factors

Volatile Cash ConversionCash generation has not been consistently aligned with reported earnings, with negative operating and free cash flow in 2025 and another negative period in 2022. Even after the 2026 recovery, subdued conversion can constrain reinvestment, debt reduction, and shareholder returns.

Somi Conveyor Beltings Limited (SOMICONVEY) vs. iShares MSCI India ETF (INDA)

Market Cap: INR 961.93M
Dividend Yield: ―
Average Volume (3M): 3,699
Price to Earnings (P/E): 21.7
Beta (1Y): 0.79
Revenue Growth: -19.72%
EPS Growth: -25.61%
Country: India
Employees: 121
Sector: General
Sector Strength: 55
Industry: Industrial - Machinery

Somi Conveyor Beltings Limited Business Overview & Revenue Model

Company Description

Somi Conveyor Beltings Ltd. is a prominent manufacturer and supplier of industrial conveyor systems, serving markets both domestically in India and internationally. The company offers a diverse portfolio of conveyor belts, encompassing general-purpos...

How the Company Makes Money

Somi Conveyor Beltings Limited makes money primarily by selling conveyor belting products and related industrial belting solutions to customers that operate conveyor systems for bulk and unit material handling. Revenue is generated from the sale of t...

Somi Conveyor Beltings Limited Financial Statement Overview

Summary

Solid multi-year revenue scale-up and improving balance-sheet strength (debt-to-equity down to ~0.17 in 2026) support the score. Profitability is positive but margins have been volatile and recent revenue growth is modest (+2.9% in 2026). Cash flow is the key risk: 2026 improved materially, but prior years included negative operating/free cash flow and 2026 free cash flow is still well below net income (~55%), limiting confidence in consistency.

Income Statement

68Positive

Balance Sheet

76Positive

Cash Flow

61Positive

Financial statement breakdown
Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	901.20M	1.01B	1.01B	1.02B	937.33M	571.30M
Gross Profit	270.89M	258.90M	226.51M	167.40M	216.81M	103.81M
EBITDA	96.24M	106.12M	108.56M	84.86M	80.01M	66.60M
Net Income	44.23M	50.31M	54.86M	45.53M	34.68M	17.16M
Balance Sheet
Total Assets	0	1.11B	1.22B	1.10B	1.03B	1.07B
Cash, Cash Equivalents and Short-Term Investments	96.64M	96.64M	60.52M	38.87M	24.73M	35.78M
Total Debt	0	135.09M	214.15M	152.04M	176.03M	283.45M
Total Liabilities	-815.47M	296.75M	453.51M	393.92M	362.53M	427.46M
Stockholders Equity	815.47M	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

Technical Analysis SentimentNeutral

Last Price82.50

Price Trends

50DMA85.34Negative

100DMA90.96Negative

200DMA97.82Negative

Market Momentum

MACD-1.18Negative

RSI53.48Neutral

STOCH64.95Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:SOMICONVEY, the sentiment is Neutral. The current price of 82.50 is above the 20-day moving average (MA) of 78.59, below the 50-day MA of 85.34, and below the 200-day MA of 97.82, indicating a neutral trend. The MACD of -1.18 indicates Negative momentum. The RSI at 53.48 is Neutral, neither overbought nor oversold. The STOCH value of 64.95 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:SOMICONVEY.

Somi Conveyor Beltings Limited Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IN:SOMICONVEY against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IN:PIXTRANS	79Outperform	INR 24.44B	17.33	―	0.50%	12.64%	46.33%
IN:ELECON	71Outperform	INR 99.57B	40.70	―	0.45%	4.79%	-52.69%
IN:INTLCONV	63Neutral	INR 4.98B	3.65	―	0.64%	54.91%	124.42%
IN:SOMICONVEY	63Neutral	INR 971.82M	21.72	―	―	-19.72%	-25.61%
IN:TEGA	62Neutral	INR 125.77B	-180.56	―	0.12%	304.73%	-126.12%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
IN:GUJAPOLLO	48Neutral	INR 4.38B	75.35	―	0.59%	17.65%	―

* General Sector Average

Performance Comparison

IN:SOMICONVEY and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IN:SOMICONVEY	Somi Conveyor Beltings Limited	82.50	-59.35	-41.84%
IN:ELECON	Elecon Engineering Co. Ltd.	443.70	-99.90	-18.38%
IN:GUJAPOLLO	Gujarat Apollo Industries Limited	337.60	-141.78	-29.58%
IN:INTLCONV	International Conveyors Ltd.	78.08	-9.97	-11.32%
IN:PIXTRANS	PIX Transmissions Ltd	1793.55	360.35	25.14%
IN:TEGA	Tega Industries Ltd.	1674.10	-264.35	-13.64%

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.

Date of analysis: Aug 21, 2026

Somi Conveyor Beltings Limited AI Stock Analysis