NSE: SOMICONVEY · BSE: 533001
SOMI CONVEYOR BELT. LTD.
Manufactures industrial conveyor belts and related belting products from its registered office in Jodhpur, Rajasthan, sitting in the capital goods and industrial products segment. FY26 revenue was Rs 100.74 crore, broadly flat versus FY25, with profit after tax of Rs 5.03 crore and total assets of Rs 111.22 crore. The cost structure is dominated by raw materials and inputs at 66.7% of revenue, followed by other operating expenses at 17.3%, employee costs at 4.6% and depreciation at 1.5%; capex was 7.8% of revenue in FY26. The business is family-promoted, with Managing Director Om Prakash Bhansali and six other promoter-group family members collectively holding 6,960,757 equity shares. Outstanding debt was reduced from Rs 2,141.51 lakhs to Rs 1,350.94 lakhs in FY26, and the debt-equity ratio improved from 0.28 to 0.17. Operating cash flow swung from a Rs 825.49 lakh outflow in FY25 to a Rs 1,800.11 lakh inflow in FY26. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Conveyor belts and belting products. Small-cap, family-promoted industrial manufacturer with a materials-heavy cost structure
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · standalone | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 57 | 94 | 102 | 101 | 101 |
| EBITDA (ex other income) | 6 | 8 | 9 | 10 | 10 |
| margin % | 11.1 | 8.3 | 8.6 | 10.3 | 9.9 |
| Owners' profit | 2 | 3 | 5 | 5 | 5 |
| EPS, as reported (₹) | 1.46 | 2.94 | 3.86 | 4.66 | 4.27 |
| ROE % · ROCE % | 2.7 · 8.2 | 5.2 · 10.0 | 6.4 · 10.9 | 7.2 · 12.2 | 6.2 · 10.8 |
| Debt / equity (x) | 0.44 | 0.26 | 0.21 | 0.28 | 0.17 |
| Cash from operations | (2) | 16 | 6 | (8) | 18 |
| Capex | (3) | (1) | (1) | (1) | (8) |
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 34 | 28 | 24 | 26 | 20 | 37 | 17 | 16 |
| Profit before tax | 3 | 2 | 1 | 2 | 1 | 3 | 1 | 1 |
| Net profit | 2 | 1 | 1 | 1 | 1 | 2 | 1 | 1 |
| EPS (₹) | 2.01 | 1.26 | 0.76 | 1.02 | 0.73 | 2.02 | 0.50 | 0.51 |
Exhibit 3: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| ADITYA INFOTECH LIMITED | 46,904 | 97.4 | 24.99 | 80.9 | 19.6 | 24.5 | — | 14.8 |
| SYRMA SGS TECHNOLOGY LTD | 30,105 | 81.2 | 9.82 | 52.4 | 11.3 | 13.4 | — | 11.1 |
| HONEYWELL AUTOMATION IND | 26,932 | 49.1 | 6.04 | — | 11.8 | 15.5 | — | 18.2 |
| JYOTI CNC AUTOMATION LTD | 21,121 | 65.7 | 10.55 | 37.3 | 16.8 | 19.2 | — | 22.2 |
| KAYNES TECHNOLOGY IND LTD | 20,995 | 60.6 | 4.41 | 29.9 | 7.6 | 9.8 | — | 17.1 |
| LMW LIMITED | 17,483 | 100.1 | 6.10 | 56.6 | 4.6 | 5.9 | 13.2 | 11.9 |
| TEGA INDUSTRIES LIMITED | 13,085 | 459.6 | 3.84 | 39.1 | 4.2 | 5.4 | — | 4.2 |
| LLOYDS ENGG WORK LIMITED | 12,360 | 48.5 | 7.34 | 50.4 | 11.7 | 11.5 | — | 15.0 |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 20.1 | 26.7 | 52 of 130 | 61% |
| P/B | 1.1 | 3.1 | 20 of 112 | 83% |
| ROCE | 8.7 | 11.3 | 93 of 142 | 35% |
| ROE | 6.2 | 9.8 | 79 of 113 | 30% |
| Debt / Equity | 0.2 | 0.2 | 60 of 113 | 47% |
| EBITDA margin | 10.9 | 12.4 | 65 of 110 | 41% |
| Revenue growth | (40.5) | 20.6 | 107 of 114 | 6% |
| Profit growth | (50.5) | 17.1 | 90 of 109 | 18% |
| Market cap | 89 | 273 | 101 of 141 | 29% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 9 Oct 2026 · Routine compliance filing under SEBI Regulation 74(5) for Sep 2026 quarter | compliance | minimal | — | — |
| 1 Oct 2026 · 26th AGM voting results: all three resolutions passed with over 99.99% support | compliance | minimal | — | — |
| 30 Sept 2026 · SOMI Conveyor Beltings 26th AGM held; results pending | board shareholder meetings | medium | — | — |
| 25 Sept 2026 · Trading Window Closure Ahead of Q2 FY26 Results | compliance | minimal | — | — |
| 8 Sept 2026 · Newspaper publication of 26th AGM notice and e-voting information | compliance | minimal | — | — |
| 5 Sept 2026 · 26th Annual Report 2025-26 filed with stock exchanges | results | high | — | — |
| 3 Sept 2026 · Book Closure from Sep 24-30 for 26th AGM | compliance | minimal | — | — |
| 3 Sept 2026 · Notice of 26th AGM on September 30, 2026 at 11:30 AM | board shareholder meetings | low | — | — |
| 3 Sept 2026 · Board meeting outcome, 26th AGM scheduled for 30 Sept 2026 | board shareholder meetings | low | — | — |
| 27 Aug 2026 · Board Meeting on 3 Sept 2026 to Approve Director's Report and AGM Items | board shareholder meetings | low | — | — |
How to read this document
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions | an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
Sources, method and disclosures
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.