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Last Updated on: 04 March, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Somi Conveyor Beltings Ltd

About the Company - Somi Conveyor Beltings Ltd

Somi Conveyor Beltings Ltd. is a Public Limited Listed company incorporated on 16/06/2000 and has its registered office in the State of Rajasthan, India. Company’s Corporate Identification Number(CIN) is L25192RJ2000PLC016480 and registration number is 016480. Currently company belongs to the Industry of Engineering - General. Company’s Total Operating Revenue is Rs. 57.23 Cr. and Equity Capital is Rs. 11.78 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Engineering - General4 F-15, Oliver House, Jodhpur Rajasthan 342003md@somiconveyor.com
http://www.somiinvestor.com
Management
NamePosition Held
Mr. Mahendra RakechaChairman(NonExe.&Ind.Director)
Mr. O P BhansaliManaging Director
Mr. Vimal BhansaliWhole Time Director
Mr. Gaurav BhansaliWhole Time Director
Mr. Yogesh MaheshwariInd. Non-Executive Director
Mr. Santosh Kumar JoshiInd. Non-Executive Director
Ms. Saraswati ChoudharyInd. Non-Executive Director
Ms. Payal DagaNon-Exe. Non Independent Woman Director

Somi Conveyor Beltings Ltd. Share Price Update

Share PriceValue
Today₹100.10
Previous Day₹100.10

Basic Stock Data of Somi Conveyor Beltings Ltd

Market Cap 122 Cr.
Current Price 104
High / Low117/33.4
Stock P/E26.4
Book Value 58.1
Dividend Yield0.00 %
ROCE7.92 %
ROE5.31 %
Face Value 10.0

Data Source: screener.in

Competitors of Somi Conveyor Beltings Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Supreme Engineering Ltd 30.0 Cr. 1.201.40/0.50 2.700.00 %120 %% 1.00
Mazda Ltd 572 Cr. 1,4271,661/60417.4 4840.98 %21.0 %15.4 % 10.0
Nitiraj Engineers Ltd 174 Cr. 170196/66.2 65.90.00 %0.38 %0.35 % 10.0
A2Z Infra Engineering Ltd 278 Cr. 15.816.8/5.10 2.010.00 %6.57 %15.7 % 10.0
Pitti Engineering Ltd 2,554 Cr. 797818/25634.2 1130.34 %18.2 %19.0 % 5.00
Industry Average721.60 Cr482.2010.32133.520.26%33.23%10.09%7.20

Somi Conveyor Beltings Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales6.4515.6420.495.2919.4215.1117.4113.3919.6321.9238.7916.7628.15
Expenses4.9813.3818.934.0517.6913.7815.3812.0817.8120.3935.6515.3225.79
Operating Profit1.472.261.561.241.731.332.031.311.821.533.141.442.36
OPM %22.79%14.45%7.61%23.44%8.91%8.80%11.66%9.78%9.27%6.98%8.09%8.59%8.38%
Other Income0.020.030.050.050.060.180.040.070.040.040.050.060.14
Interest1.040.670.760.810.840.720.730.650.740.710.620.420.47
Depreciation0.230.230.340.240.240.250.250.240.240.250.280.270.28
Profit before tax0.221.390.510.240.710.541.090.490.880.612.290.811.75
Tax %40.91%22.30%23.53%33.33%22.54%25.93%44.04%24.49%25.00%24.59%13.10%24.69%25.71%
Net Profit0.131.080.380.160.540.410.600.370.660.461.980.611.29
EPS in Rs0.110.920.320.140.460.350.510.310.560.391.680.521.10

Somi Conveyor Beltings Ltd Quarterly Chart

Somi Conveyor Beltings Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales367966755862646146475794102
Expenses27675463455355523940518694
Operating Profit91311121399977689
OPM %26%16%17%16%22%14%15%14%16%14%11%8%8%
Other Income1101111000000
Interest3323434434332
Depreciation5445765311111
Profit before tax3656411232346
Tax %34%34%33%27%38%40%29%29%25%25%33%19%
Net Profit2444201222235
EPS in Rs1.673.343.063.631.940.340.861.322.061.491.462.953.95
Dividend Payout %0%0%0%0%51%0%58%0%0%0%0%0%

Somi Conveyor Beltings Ltd Profit & Loss Yearly Chart

Somi Conveyor Beltings Ltd Growth

Compounded Sales Growth
10 Years:2%
5 Years:8%
3 Years:27%
TTM:42%
Compounded Profit Growth
10 Years:-1%
5 Years:28%
3 Years:13%
TTM:122%
Stock Price CAGR
10 Years:12%
5 Years:33%
3 Years:47%
1 Year:178%
Return on Equity
10 Years:4%
5 Years:4%
3 Years:4%
Last Year:5%

Somi Conveyor Beltings Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital12121212121212121212121212
Reserves32364044454445464951525557
Borrowings22151733302726252422281816
Other Liabilities1418131419182018916141919
Total Liabilities80828210210610010310193100107103104
Fixed Assets37353745393431272727262626
CWIP3320110100221
Investments0000000000000
Other Assets40444357666572746674797577
Total Assets80828210210610010310193100107103104

Somi Conveyor Beltings Ltd Reserves and Borrowings Chart

Somi Conveyor Beltings Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 51175463454-216
Cash from Investing Activity -1-2-6-122-0-10-0-0-2-1
Cash from Financing Activity -3-9014-5-6-3-4-4-44-13
Net Cash Flow1027-0-0000-0-02

Somi Conveyor Beltings Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days606581116153106110125119229146114
Inventory Days34183114103257331367357489423387161
Days Payable40332956788489108641309360
Cash Conversion Cycle360115166162332353388374543523440215
Working Capital Days198101117145219244268292402414364185
ROCE %9%14%11%11%8%5%6%7%8%7%6%8%

Somi Conveyor Beltings Ltd Financial Efficiency Indicators Chart

Somi Conveyor Beltings Ltd Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters59.05%59.05%59.09%59.09%59.09%59.09%59.09%59.09%59.09%59.09%59.09%59.09%
Public40.95%40.95%40.91%40.91%40.91%40.91%40.91%40.91%40.90%40.92%40.91%40.91%
No. of Shareholders4,7766,6137,7316,9896,8226,8117,1396,8726,7347,0976,0676,429

Somi Conveyor Beltings Ltd Shareholding Pattern Chart

No. of Somi Conveyor Beltings Ltd Shareholders

This stock is not held by any mutual fund

Somi Conveyor Beltings Ltd ROCE Trend

Somi Conveyor Beltings Ltd EPS Trend

Somi Conveyor Beltings Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)2.941.461.502.061.31
Diluted EPS (Rs.)2.941.461.502.061.31
Cash EPS (Rs.)3.802.292.363.004.24
Book Value[Excl.RevalReserv]/Share (Rs.)56.4554.5253.0651.6348.83
Book Value[Incl.RevalReserv]/Share (Rs.)56.4554.5253.0651.6348.83
Revenue From Operations / Share (Rs.)79.5748.5939.7939.2951.50
PBDIT / Share (Rs.)6.795.655.676.537.76
PBIT / Share (Rs.)5.934.824.805.584.84
PBT / Share (Rs.)3.632.182.002.761.85
Net Profit / Share (Rs.)2.941.461.502.061.31
PBDIT Margin (%)8.5311.6314.2416.6115.07
PBIT Margin (%)7.459.9212.0614.219.39
PBT Margin (%)4.564.495.027.033.59
Net Profit Margin (%)3.692.993.755.242.54
Return on Networth / Equity (%)5.212.672.813.992.68
Return on Capital Employeed (%)9.958.178.2210.328.95
Return On Assets (%)3.371.601.752.611.53
Long Term Debt / Equity (X)0.050.070.090.040.10
Total Debt / Equity (X)0.260.440.350.380.43
Asset Turnover Ratio (%)0.890.550.480.470.59
Current Ratio (X)2.191.992.272.131.87
Quick Ratio (X)1.220.821.140.780.81
Inventory Turnover Ratio (X)1.731.110.760.791.02
Dividend Payout Ratio (NP) (%)0.000.000.000.0045.92
Dividend Payout Ratio (CP) (%)0.000.000.000.0014.23
Earning Retention Ratio (%)0.000.000.000.0054.08
Cash Earning Retention Ratio (%)0.000.000.000.0085.77
Interest Coverage Ratio (X)2.952.142.022.322.60
Interest Coverage Ratio (Post Tax) (X)2.281.551.531.731.44
Enterprise Value (Cr.)54.3563.8256.2632.9950.91
EV / Net Operating Revenue (X)0.571.121.200.710.83
EV / EBITDA (X)6.799.588.424.295.57
MarketCap / Net Operating Revenue (X)0.450.680.780.260.47
Retention Ratios (%)0.000.000.000.0054.07
Price / BV (X)0.630.600.590.200.50
Price / Net Operating Revenue (X)0.450.680.780.260.47
EarningsYield0.080.040.040.190.05

Somi Conveyor Beltings Ltd Profitability Ratios (%)

Somi Conveyor Beltings Ltd Liquidity Ratios

Somi Conveyor Beltings Ltd Liquidity Ratios (%)

Somi Conveyor Beltings Ltd Interest Coverage Ratios (X)

Somi Conveyor Beltings Ltd Valuation Ratios

Fair Value / Intrinsic Value of Somi Conveyor Beltings Ltd

Fair Value: ₹83.08

The stock is overvalued by 20.12% compared to the current price ₹104

*Investments are subject to market risks

Strength and Weakness of Somi Conveyor Beltings Ltd

StrengthWeakness
  1. The company has higher reserves (45.85 cr) compared to borrowings (23.31 cr), indicating strong financial stability.
  2. The company has shown consistent growth in sales (65.15 cr) and profit (3.54 cr) over the years.
  1. The stock is trading at a high valuation with an average P/B ratio of 5.19 and average Dividend Yield of 4.94%.
  2. The stock has a low average ROCE of 8.33%, which may not be favorable.
  3. The stock has a high average Working Capital Days of 245.75, which may not be favorable.
  4. The stock has a high average Cash Conversion Cycle of 330.92, which may not be favorable.

Should I Buy Somi Conveyor Beltings Ltd Share Now?

  • Considering various financial indicators, investors might exercise caution regarding investment in Somi Conveyor Beltings Ltd:
    1. Net Profit Margin: 3.69%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 9.95% (Industry Average ROCE: 11.38%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. Interest Coverage Ratio (Post Tax): 2.28
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    4. Quick Ratio: 1.22
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    5. ✓ Stock P/E: 25.1 (Industry average Stock P/E: 36.58)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    6. ✓ Total Debt / Equity: 0.26
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis suggests exercising caution. It's advisable to conduct further research or consult with financial experts before considering any investment.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Somi Conveyor Beltings Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE