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Somi Conveyor Beltings Ltd

SOMICONVEY
NSE
108.75
3.10%
Last Updated:
29 Apr '26, 4:00 PM
Company Overview
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Somi Conveyor Beltings Ltd

SOMICONVEY
NSE
108.75
3.10%
29 Apr '26, 4:00 PM
Company Overview
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6M
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Quick Ratios

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Mkt Cap
Market Capitalization
128Cr
Close
Close Price
108.75
Industry
Industry
Rubber - Products
PE
Price To Earnings
24.01
PS
Price To Sales
1.19
Revenue
Revenue
108Cr
Rev Gr TTM
Revenue Growth TTM
-6.64%
PAT Gr TTM
PAT Growth TTM
-17.34%
Peer Comparison
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Quarterly Results

Standalone
Numbers
Percentage
QuarterMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Revenue
RevenueCr
391728193815342824262037
Growth YoY
Revenue Growth YoY%
122.825.243.4-14.4-0.9-9.121.147.3-36.872.3-42.135.6
Expenses
ExpensesCr
361526173514302522241834
Operating Profit
Operating ProfitCr
312232432224
OPM
OPM%
8.18.58.38.88.610.411.210.19.28.59.910.1
Other Income
Other IncomeCr
000000000000
Interest Expense
Interest ExpenseCr
100000011100
Depreciation
DepreciationCr
000000000000
PBT
PBTCr
212131321213
Tax
TaxCr
000010111001
PAT
PATCr
211121211112
Growth YoY
PAT Growth YoY%
230.064.995.565.2-5.021.383.094.7-52.162.2-63.660.8
NPM
NPM%
5.13.64.64.04.94.96.95.43.74.64.46.3
EPS
EPS
1.70.51.10.71.60.62.01.30.81.00.72.0

Profit & Loss

Standalone
Numbers
Percentage
Financial YearMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Revenue
RevenueCr
755862646146475794102101108
Growth
Revenue Growth%
14.1-22.36.33.7-5.3-23.71.322.163.88.9-0.86.4
Expenses
ExpensesCr
634553555239405186939198
Operating Profit
Operating ProfitCr
1213999776891010
OPM
OPM%
16.421.914.514.714.515.713.911.18.38.610.39.5
Other Income
Other IncomeCr
111100000001
Interest Expense
Interest ExpenseCr
343443333222
Depreciation
DepreciationCr
576531111111
PBT
PBTCr
641123234687
Tax
TaxCr
210011111222
PAT
PATCr
420122223555
Growth
PAT Growth%
18.7-46.5-82.7155.052.957.0-27.4-2.6102.131.320.5-2.7
NPM
NPM%
5.73.90.61.62.55.23.83.03.74.55.45.0
EPS
EPS
3.61.90.40.91.32.11.51.52.93.94.74.5

Balance Sheet

Standalone
Numbers
Percentage
Financial YearMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital
Equity CapitalCr
121212121212121212121212
Reserves
ReservesCr
444544454649515255596567
Current Liabilities
Current LiabilitiesCr
344143443729323833384431
Non Current Liabilities
Non Current LiabilitiesCr
1381363654123
Total Liabilities
Total LiabilitiesCr
10210610010310193100107103110122112
Current Assets
Current AssetsCr
556261697062727571808977
Non Current Assets
Non Current AssetsCr
474439343131293231303335
Total Assets
Total AssetsCr
10210610010310193100107103110122112

Cash Flow

Standalone
Financial YearMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Operating Cash Flow
Operating Cash FlowCr
5463454-2166-8
Investing Cash Flow
Investing Cash FlowCr
-1220-1000-2-1-1-1
Financing Cash Flow
Financing Cash FlowCr
14-5-6-3-4-4-44-13-45
Net Cash Flow
Net Cash FlowCr
7000000021-4
Free Cash Flow
Free Cash FlowCr
-6253443-4155-9
CFO To PAT
CFO To PAT%
121.6160.61,496.8332.6247.9199.2208.1-109.1449.7123.4-150.5
CFO To EBITDA
CFO To EBITDA%
42.528.966.435.743.666.856.2-29.6199.864.2-79.3

Ratios

Standalone
Financial YearMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Valuation Ratios
Valuation Ratios
Market Cap
Market CapitalizationCr
584966562912373943156210
Price To Earnings
Price To Earnings
13.524.1165.755.518.85.120.922.712.334.438.3
Price To Sales
Price To Sales
0.80.81.10.90.50.30.80.70.51.52.1
Price To Book
Price To Book
1.11.01.21.00.50.20.60.60.62.22.8
EV To EBITDA
EV To EBITDA
6.35.510.18.45.84.68.610.17.018.621.7
Profitability Ratios
Profitability Ratios
GPM
GPM%
30.840.734.136.133.836.434.727.623.124.027.7
OPM
OPM%
16.421.914.514.714.515.713.911.18.38.610.3
NPM
NPM%
5.73.90.61.62.55.23.83.03.74.55.4
ROCE
ROCE%
9.58.44.76.26.97.86.76.18.39.29.7
ROE
ROE%
7.64.00.71.82.74.02.82.75.26.47.2
ROA
ROA%
4.22.10.41.01.52.61.81.63.44.14.5
Operational Ratios
Operational Ratios
Solvency Ratios
Solvency Ratios
Liquidity Ratios
Liquidity Ratios
### **Overview** Somi Conveyor Beltings Limited (SCBL), established in 2000, is one of India’s top ten domestic manufacturers of rubber and steel-based industrial conveyor belts. Headquartered in Jodhpur, Rajasthan, the company operates two state-of-the-art manufacturing facilities with a combined annual production capacity of **1.2 million meters**. SCBL is a focused, single-entity organization with no subsidiaries, engaged exclusively in the manufacturing and distribution of high-performance conveyor belts under the brand name **“Somiflex.”** The company serves critical infrastructure industries including **cement, mining, sponge iron, power, steel, logistics, ports, and construction**, with its products accepted by large industrial groups globally. It leverages an integrated, technology-driven manufacturing model to deliver premium, customized solutions to a diversified B2B customer base across India and international markets. --- ### **Core Operations & Product Portfolio** SCBL manufactures a wide range of advanced conveyor belts, designed for durability, efficiency, and performance in demanding environments. Key product categories include: - **Specialized Industrial Belts:** - M-24, Tiger M-27 (Superior Abrasion Resistance) - Heat-resistant grades: SHR T2 (up to 150°C), UHR T3 (up to 180°C), SEHR-36 & SEHR-72 (crack-resistant up to 350°C) - Fire Resistant (SEFR-81), Oil Resistant, and Chemical Resistant Belts - SAR-36 Fusion Belt (fabric and steel wire combo) - **Application-Specific Solutions:** - **Chevron Belts** – for inclined material transport - **Rough Top Belts** – for improved grip - **Pipe Conveyor Belts** – tubular design to minimize spillage and dust emissions - **Steel Cord Conveyor Belts** – for heavy-duty applications - **STA (Self-Tensioning Aramid) Bulletproof Belts** – used in defense and security applications - **Accessories:** Rubber sheets, mattings, and custom-engineered solutions Belts are manufactured up to **2,000 mm in width**, matching the specifications of global brands such as **Fenner, Yokohama, Dunlop, and Continental**. --- ### **Manufacturing & Technology** SCBL’s competitive edge stems from its **fully automated, PLC-controlled computerized machinery**, ensuring precision, consistency, and operational efficiency. Both Jodhpur facilities are equipped with 100% PLC-based systems, enabling end-to-end process control and high-quality output. The company has invested heavily in upgrading its infrastructure, with **new machinery on order** (as of Sep 2024 and Feb 2025) to expand production capacity and improve scalability. The facilities are strategically located with strong connectivity via air, rail, and road, supporting domestic and international logistics. --- ### **Research & Development (R&D)** SCBL is deeply committed to innovation and sustainability. Its R&D efforts, active since at least 2021, focus on: - Developing new products aligned with evolving industry demands - Improving production processes and product quality - Creating **energy-saving, eco-friendly conveyor belts** with **self-cleaning properties** - Enhancing product value through material substitution and cost optimization without compromising performance The R&D strategy emphasizes **customer-centric innovation, technological self-sufficiency**, and **end-to-end product responsibility**. As of Sep 2025, the team is actively broadening the product portfolio to capture new market segments and support export ambitions. --- ### **Market Position & Growth Drivers** **Key Demand Drivers:** - Expansion of global warehouses and e-commerce fulfillment centers - Rising infrastructure and urbanization in emerging economies - Growth in mining and construction sectors requiring efficient material handling - Global shift toward energy-efficient and “green” conveyor systems **Strategic Advantages:** - Strong **engineering and automation capabilities** - Competitive pricing with international quality standards - Strategic partnerships with global industry players - Growing global diversification due to geopolitical supply chain shifts SCBL positions itself as a **trusted, cost-competitive alternative** to traditional suppliers, especially as customers seek to de-risk sourcing from certain geographies. --- ### **Financial & Operational Highlights** - **Order Book (Aug 2024):** ~₹105.20 crores in hand, with an additional ₹14.54 crores expected, indicating strong revenue visibility for FY2024. - **Capacity Expansion:** Installed capacity increased from 900,000 meters (2022–2023) to 1.2 million meters per annum (2024). Ongoing investments ensure further scalability. - **Product Mix Strategy:** Shifting toward higher-margin premium segments to improve profitability. - **Geographic Diversification:** Balanced focus on domestic growth and international expansion, reducing dependence on single markets. --- ### **Sustainability & Innovation** SCBL’s innovation roadmap includes the development of **eco-friendly conveyor solutions** that: - Reduce energy consumption and carbon emissions - Minimize material spillage and dust with tubular and self-cleaning designs - Incorporate high-efficiency components aligned with “green conveyor” trends These initiatives support India’s push to reduce conveyor belt imports and strengthen its position in global value chains. --- ### **Corporate & Governance Notes** - **Single Business Segment:** SCBL operates exclusively in the industrial conveyor belt space. - **Key Personnel:** The company is led by experienced management, including Om Prakash Bhansali, Vimal Bhansali, Gaurav Bhansali, and Amit Baxi. - **Related Party Transactions:** Includes commercial dealings with entities like Oliver Rubber Ind. LLP and Earth Movers Enterprises, where relatives of key personnel hold influence.