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Somi Conveyor Beltings Limited
(SOMICONVEY)
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Rating:63Neutral
Price Target:
₹97.00
▼(-0.10% Downside)
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
Lower leverage
The sustained reduction in debt-to-equity indicates a more conservative capital structure and lower financial risk. Reduced leverage should improve resilience during weaker industrial demand, preserve borrowing capacity, and provide greater flexibility to fund operations or future growth.
Negative Factors
Modest recent growth
Recent revenue momentum has slowed materially compared with the company’s longer-term scale-up. Modest growth may limit operating leverage and reduce the pace at which Somi can expand earnings, especially if industrial customers delay or moderate capital spending.
Read all positive and negative factors
Positive Factors
Negative Factors
Lower leverage
The sustained reduction in debt-to-equity indicates a more conservative capital structure and lower financial risk. Reduced leverage should improve resilience during weaker industrial demand, preserve borrowing capacity, and provide greater flexibility to fund operations or future growth.
Read all positive factors
Somi Conveyor Beltings Limited (SOMICONVEY) vs. iShares MSCI India ETF (INDA)
Market Cap
₹1.12B
Dividend Yield1.33%
Average Volume (3M)6.45K
Price to Earnings (P/E)25.1
Beta (1Y)0.87
Revenue Growth-19.72%
EPS Growth-25.61%
CountryIN
Employees121
SectorGeneral
Sector StrengthN/A
IndustryIndustrial - Machinery
Share Statistics
EPS (TTM)3.76
Shares Outstanding11,779,656
10 Day Avg. Volume1,374
30 Day Avg. Volume6,445
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 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-pur...
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 o...
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 | 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 | 0.00 | 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 | 0.00 | 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
Positive
97.10
Price Trends
94.13
Positive
99.38
Negative
105.89
Negative
Market Momentum
-0.04
Negative
51.27
Neutral
45.99
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:SOMICONVEY, the sentiment is Positive. The current price of 97.1 is above the 20-day moving average (MA) of 93.64, above the 50-day MA of 94.13, and below the 200-day MA of 105.89, indicating a neutral trend. The MACD of -0.04 indicates Negative momentum. The RSI at 51.27 is Neutral, neither overbought nor oversold. The STOCH value of 45.99 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:SOMICONVEY.
Somi Conveyor Beltings Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | ₹23.34B | 18.01 | ― | 0.52% | 4.81% | 16.32% | |
67 Neutral | ₹4.86B | 3.59 | ― | 0.65% | 44.97% | 20.95% | |
65 Neutral | ₹144.21B | 512.66 | ― | 0.10% | 84.88% | -87.30% | |
63 Neutral | ₹1.12B | 25.07 | ― | 1.33% | -19.72% | -25.61% | |
59 Neutral | ₹92.85B | 40.00 | ― | 0.47% | 3.08% | -54.36% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
48 Neutral | ₹4.24B | 77.63 | ― | 0.57% | 17.65% | ― |
* General Sector Average
IN:SOMICONVEY
Somi Conveyor Beltings Limited
94.30
-44.75
-32.18%
IN:ELECON
Elecon Engineering Co. Ltd.
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IN:GUJAPOLLO
Gujarat Apollo Industries Limited
355.00
-145.85
-29.12%
IN:INTLCONV
International Conveyors Ltd.
76.46
-27.62
-26.54%
IN:PIXTRANS
PIX Transmissions Ltd
1,745.85
315.09
22.02%
IN:TEGA
Tega Industries Ltd.
1,945.05
-24.71
-1.25%
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.