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Somi Conveyor Beltings Limited
(SOMICONVEY)
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Rating:63Neutral
Price Target:
₹96.00
▼(-1.13% 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
Improving balance sheet
The 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 industrial demand cycles and fund operations without excessive reliance on borrowing.
Negative Factors
Modest recent growth
Recent revenue momentum is limited after a flat prior year, suggesting that expansion in conveyor belting demand or customer orders has slowed. Persistent low growth could constrain operating leverage, reduce reinvestment capacity, and make earnings more dependent on margin improvement.
Read all positive and negative factors
Positive Factors
Negative Factors
Improving balance sheet
The 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 industrial demand cycles and fund operations without excessive reliance on borrowing.
Read all positive factors
Somi Conveyor Beltings Limited (SOMICONVEY) vs. iShares MSCI India ETF (INDA)
Market Cap
₹1.06B
Dividend Yield1.33%
Average Volume (3M)5.92K
Price to Earnings (P/E)23.8
Beta (1Y)0.92
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. Volume2,325
30 Day Avg. Volume5,924
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
Negative
97.10
Price Trends
93.14
Negative
98.00
Negative
104.43
Negative
Market Momentum
-0.74
Positive
45.02
Neutral
19.40
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:SOMICONVEY, the sentiment is Negative. The current price of 97.1 is above the 20-day moving average (MA) of 92.77, above the 50-day MA of 93.14, and below the 200-day MA of 104.43, indicating a bearish trend. The MACD of -0.74 indicates Positive momentum. The RSI at 45.02 is Neutral, neither overbought nor oversold. The STOCH value of 19.40 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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 | ₹23.53B | 17.86 | ― | 0.52% | 4.81% | 16.32% | |
67 Neutral | ₹5.10B | 3.75 | ― | 0.62% | 44.97% | 20.95% | |
66 Neutral | ₹107.68B | 43.86 | ― | 0.43% | 3.08% | -54.36% | |
64 Neutral | ₹154.89B | 555.86 | ― | 0.09% | 84.88% | -87.30% | |
63 Neutral | ₹1.06B | 23.75 | ― | 1.33% | -19.72% | -25.61% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
48 Neutral | ₹4.29B | 73.17 | ― | 0.60% | 17.65% | ― |
* General Sector Average
IN:SOMICONVEY
Somi Conveyor Beltings Limited
88.15
-46.85
-34.70%
IN:ELECON
Elecon Engineering Co. Ltd.
462.25
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IN:GUJAPOLLO
Gujarat Apollo Industries Limited
329.70
-136.11
-29.22%
IN:INTLCONV
International Conveyors Ltd.
80.00
-21.16
-20.92%
IN:PIXTRANS
PIX Transmissions Ltd
1,724.40
296.08
20.73%
IN:TEGA
Tega Industries Ltd.
2,107.90
187.53
9.77%
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.