Quick Ratios
Quarterly Results
Profit & Loss
Balance Sheet
Cash Flow
Ratios
Mkt Cap
Market Capitalization
₹128Cr
Rev Gr TTM
Revenue Growth TTM
-6.64%
Peer Comparison
Compare up to 10 companies side by side across valuation, profitability, and growth.

SOMICONVEY
VS
| Quarter | Mar 2023 | Jun 2023 | Sep 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Mar 2025 | Jun 2025 | Sep 2025 |
|---|
|
Growth YoY Revenue Growth YoY% | 122.8 | 25.2 | 43.4 | -14.4 | -0.9 | -9.1 | 21.1 | 47.3 | -36.8 | 72.3 | -42.1 | 35.6 |
| 36 | 15 | 26 | 17 | 35 | 14 | 30 | 25 | 22 | 24 | 18 | 34 |
Operating Profit Operating ProfitCr |
| 8.1 | 8.5 | 8.3 | 8.8 | 8.6 | 10.4 | 11.2 | 10.1 | 9.2 | 8.5 | 9.9 | 10.1 |
Other Income Other IncomeCr | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Interest Expense Interest ExpenseCr | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 0 | 0 |
Depreciation DepreciationCr | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 2 | 1 | 2 | 1 | 3 | 1 | 3 | 2 | 1 | 2 | 1 | 3 |
| 0 | 0 | 0 | 0 | 1 | 0 | 1 | 1 | 1 | 0 | 0 | 1 |
|
Growth YoY PAT Growth YoY% | 230.0 | 64.9 | 95.5 | 65.2 | -5.0 | 21.3 | 83.0 | 94.7 | -52.1 | 62.2 | -63.6 | 60.8 |
| 5.1 | 3.6 | 4.6 | 4.0 | 4.9 | 4.9 | 6.9 | 5.4 | 3.7 | 4.6 | 4.4 | 6.3 |
| 1.7 | 0.5 | 1.1 | 0.7 | 1.6 | 0.6 | 2.0 | 1.3 | 0.8 | 1.0 | 0.7 | 2.0 |
| Financial Year | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|
|
| 14.1 | -22.3 | 6.3 | 3.7 | -5.3 | -23.7 | 1.3 | 22.1 | 63.8 | 8.9 | -0.8 | 6.4 |
| 63 | 45 | 53 | 55 | 52 | 39 | 40 | 51 | 86 | 93 | 91 | 98 |
Operating Profit Operating ProfitCr |
| 16.4 | 21.9 | 14.5 | 14.7 | 14.5 | 15.7 | 13.9 | 11.1 | 8.3 | 8.6 | 10.3 | 9.5 |
Other Income Other IncomeCr | 1 | 1 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
Interest Expense Interest ExpenseCr | 3 | 4 | 3 | 4 | 4 | 3 | 3 | 3 | 3 | 2 | 2 | 2 |
Depreciation DepreciationCr | 5 | 7 | 6 | 5 | 3 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| 6 | 4 | 1 | 1 | 2 | 3 | 2 | 3 | 4 | 6 | 8 | 7 |
| 2 | 1 | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 2 |
|
| 18.7 | -46.5 | -82.7 | 155.0 | 52.9 | 57.0 | -27.4 | -2.6 | 102.1 | 31.3 | 20.5 | -2.7 |
| 5.7 | 3.9 | 0.6 | 1.6 | 2.5 | 5.2 | 3.8 | 3.0 | 3.7 | 4.5 | 5.4 | 5.0 |
| 3.6 | 1.9 | 0.4 | 0.9 | 1.3 | 2.1 | 1.5 | 1.5 | 2.9 | 3.9 | 4.7 | 4.5 |
| Financial Year | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 |
|---|
Equity Capital Equity CapitalCr | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 12 |
| 44 | 45 | 44 | 45 | 46 | 49 | 51 | 52 | 55 | 59 | 65 | 67 |
Current Liabilities Current LiabilitiesCr | 34 | 41 | 43 | 44 | 37 | 29 | 32 | 38 | 33 | 38 | 44 | 31 |
Non Current Liabilities Non Current LiabilitiesCr | 13 | 8 | 1 | 3 | 6 | 3 | 6 | 5 | 4 | 1 | 2 | 3 |
Total Liabilities Total LiabilitiesCr |
Current Assets Current AssetsCr | 55 | 62 | 61 | 69 | 70 | 62 | 72 | 75 | 71 | 80 | 89 | 77 |
Non Current Assets Non Current AssetsCr | 47 | 44 | 39 | 34 | 31 | 31 | 29 | 32 | 31 | 30 | 33 | 35 |
Total Assets Total AssetsCr |
| Financial Year | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|
Operating Cash Flow Operating Cash FlowCr | 5 | 4 | 6 | 3 | 4 | 5 | 4 | -2 | 16 | 6 | -8 |
Investing Cash Flow Investing Cash FlowCr | -12 | 2 | 0 | -1 | 0 | 0 | 0 | -2 | -1 | -1 | -1 |
Financing Cash Flow Financing Cash FlowCr | 14 | -5 | -6 | -3 | -4 | -4 | -4 | 4 | -13 | -4 | 5 |
|
Free Cash Flow Free Cash FlowCr | -6 | 2 | 5 | 3 | 4 | 4 | 3 | -4 | 15 | 5 | -9 |
| 121.6 | 160.6 | 1,496.8 | 332.6 | 247.9 | 199.2 | 208.1 | -109.1 | 449.7 | 123.4 | -150.5 |
CFO To EBITDA CFO To EBITDA% | 42.5 | 28.9 | 66.4 | 35.7 | 43.6 | 66.8 | 56.2 | -29.6 | 199.8 | 64.2 | -79.3 |
| Financial Year | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|
Valuation Ratios Valuation Ratios |
Market Cap Market CapitalizationCr | 58 | 49 | 66 | 56 | 29 | 12 | 37 | 39 | 43 | 156 | 210 |
Price To Earnings Price To Earnings | 13.5 | 24.1 | 165.7 | 55.5 | 18.8 | 5.1 | 20.9 | 22.7 | 12.3 | 34.4 | 38.3 |
Price To Sales Price To Sales | 0.8 | 0.8 | 1.1 | 0.9 | 0.5 | 0.3 | 0.8 | 0.7 | 0.5 | 1.5 | 2.1 |
Price To Book Price To Book | 1.1 | 1.0 | 1.2 | 1.0 | 0.5 | 0.2 | 0.6 | 0.6 | 0.6 | 2.2 | 2.8 |
| 6.3 | 5.5 | 10.1 | 8.4 | 5.8 | 4.6 | 8.6 | 10.1 | 7.0 | 18.6 | 21.7 |
Profitability Ratios Profitability Ratios |
| 30.8 | 40.7 | 34.1 | 36.1 | 33.8 | 36.4 | 34.7 | 27.6 | 23.1 | 24.0 | 27.7 |
| 16.4 | 21.9 | 14.5 | 14.7 | 14.5 | 15.7 | 13.9 | 11.1 | 8.3 | 8.6 | 10.3 |
| 5.7 | 3.9 | 0.6 | 1.6 | 2.5 | 5.2 | 3.8 | 3.0 | 3.7 | 4.5 | 5.4 |
| 9.5 | 8.4 | 4.7 | 6.2 | 6.9 | 7.8 | 6.7 | 6.1 | 8.3 | 9.2 | 9.7 |
| 7.6 | 4.0 | 0.7 | 1.8 | 2.7 | 4.0 | 2.8 | 2.7 | 5.2 | 6.4 | 7.2 |
| 4.2 | 2.1 | 0.4 | 1.0 | 1.5 | 2.6 | 1.8 | 1.6 | 3.4 | 4.1 | 4.5 |
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.