Somi Conveyor Beltings Limited (SOMICONVEY)
₹83.99 +1.46% last close, 16 Oct
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, Somi Conveyor's revenue was ₹15.6 Cr (-40.5% year on year, -9.7% on the previous quarter), and net profit ₹0.6 Cr (-50.5% year on year); the operating margin was 9.6%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹15.6 | -40.5% | -9.7% |
| Operating profit | ₹1.5 | -32.4% | -22.3% |
| Net profit | ₹0.6 | -50.5% | +1.1% |
| EPS (₹) | 0.51 | -50.0% | +2.0% |
| Operating margin | 9.6% | — | — |
SOMICONVEY delivery percentage
NSE end-of-day data for
On Fri, 16 Oct 2026, 91.56% of the SOMICONVEY shares traded on NSE were taken to delivery, against the stock's own 20-session average of 69.45%. That is higher than usual for this stock. Turnover was only ₹2 lakh, so a handful of trades can move this figure. Volume was 0.2 times its average, well below normal.
Delivery in the last 5 sessions: 94.0% · 76.5% · 71.9% · 82.1% · 91.6%
A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed
📢 Recent Corporate Announcements
Somi Conveyor Beltings Limited has submitted its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended September 30, 2026. The certificate from RTA MUFG Intime India Private Limited confirms that share certificates received for dematerialisation were processed, mutilated, and cancelled within statutory timelines. This filing is a purely administrative regulatory requirement with zero financial or operational impact.
- Compliance certificate filed for the quarter ended September 30, 2026
- Issued under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018
- RTA confirmation provided by MUFG Intime India Private Limited dated October 3, 2026
- Securities confirmed for dematerialisation are listed on the relevant stock exchanges
Somi Conveyor Beltings Limited has notified the exchanges regarding the closure of its Register of Members and Share Transfer Books from September 24, 2026 to September 30, 2026 (both days inclusive). This closure is for the purpose of conducting the company's 26th Annual General Meeting (AGM) scheduled on September 30, 2026. The exchange brief also notes a record date cutoff of September 23, 2026. This is a routine statutory and administrative filing with no direct impact on the company's financials.
- Book closure scheduled from September 24, 2026 to September 30, 2026 (both days inclusive)
- 26th Annual General Meeting (AGM) to be convened on September 30, 2026
- Record date / cut-off date for AGM purposes stated as September 23, 2026
- Filing made pursuant to Regulation 42 of SEBI LODR Regulations, 2015
Somi Conveyor Beltings Limited has issued the notice for its 26th Annual General Meeting (AGM) scheduled for Wednesday, September 30, 2026, at 11:30 AM in Jodhpur. The agenda includes the adoption of the audited financial statements for FY26, the re-appointment of retiring director Mrs. Payal Daga, and the ratification of ₹35,000 remuneration for the Cost Auditor for FY27. The Register of Members and Share Transfer Books will remain closed from September 24, 2026, to September 30, 2026.
- 26th Annual General Meeting scheduled for September 30, 2026, at 11:30 AM
- Share transfer books and register of members closed from September 24 to September 30, 2026
- Proposal to ratify Cost Auditor remuneration of ₹35,000 plus applicable taxes for FY27
- Cut-off date for dispatching Annual Report web-links to unregistered physical holders was August 28, 2026
Somi Conveyor Beltings Limited announced the outcome of its board meeting held on September 3, 2026. The Board approved the Directors' Report, Management Discussion and Analysis, and Corporate Governance Report for FY26. The 26th Annual General Meeting (AGM) has been scheduled for September 30, 2026, with the register of members closed from September 24 to September 30, 2026. FCS Ira Baxi was appointed as the scrutinizer for the e-voting process.
- 26th Annual General Meeting scheduled for September 30, 2026, at 11:30 AM
- Book closure fixed from September 24, 2026, to September 30, 2026 (both days inclusive)
- Approved Directors' Report, Corporate Governance Report, and MDA for the year ended March 31, 2026
- Appointed FCS Ira Baxi (M.No.: 5456; CP No.: 4712) as Scrutinizer for AGM voting
Somi Conveyor Beltings reported a weak start to FY27, with Q1 revenue declining 40.5% YoY to ₹15.62 Cr from ₹26.24 Cr. Net profit for the quarter halved to ₹0.60 Cr compared to ₹1.20 Cr in the previous year's corresponding quarter. Profitability ratios also weakened, with the Net Profit Ratio falling to 3.82% from 4.59% and ROCE dropping to 6.14% from 9.02% YoY. However, the company maintains a conservative capital structure with a Debt-Equity ratio of 0.19.
- Revenue from operations declined 40.5% YoY to ₹15.62 Cr in Q1 FY27.
- Net Profit after tax fell 50% YoY to ₹0.60 Cr from ₹1.20 Cr.
- Return on Capital Employed (ROCE) moderated significantly to 6.14% from 9.02% YoY.
- Inventory Turnover Ratio slowed to 1.36 in Q1 FY27 compared to 2.33 in Q1 FY26.
- Outstanding debt stood at ₹15.28 Cr, resulting in a stable Debt-Equity ratio of 0.19.
Somi Conveyor Beltings Limited has submitted its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the period ended June 30, 2026. The filing confirms that the company's Registrar and Transfer Agent, MUFG Intime India Private Limited, has processed all dematerialization requests within the prescribed timelines. This process involves the verification, mutilation, and cancellation of physical share certificates and updating the register of members. This is a standard administrative filing and does not impact the company's financial standing or operations.
- Compliance certificate issued for the quarter ended June 30, 2026
- Registrar and Transfer Agent confirmed as MUFG Intime India Private Limited (formerly Link Intime)
- Confirmation that securities received for dematerialization were mutilated and cancelled after due verification
- Register of members updated with depository names within prescribed timelines
Somi Conveyor Beltings Limited has announced the closure of its trading window starting July 1, 2026, in compliance with SEBI Insider Trading regulations. This closure is ahead of the declaration of the company's unaudited financial results for the first quarter ending June 30, 2026. The restriction applies to all designated persons and their immediate relatives and will last until 48 hours after the results are announced. The date for the board meeting to consider these results will be communicated separately.
- Trading window closure effective from July 1, 2026, for Q1 FY27 results.
- Applies to Directors, Officers, and Designated Employees under SEBI regulations.
- Window remains closed until 48 hours after the financial results are declared.
- Board meeting date for Q1 results to be announced in due course.
Somi Conveyor Beltings Limited has announced the appointment of M/s. B. P. Bang & Company as the Internal Auditor for the Financial Year 2026-27. Simultaneously, M/s. Anchal Jain & Co. has been appointed as the Cost Auditor for the same period. These appointments were approved during the Board of Directors meeting held on May 20, 2026. This is a standard regulatory compliance procedure to ensure robust financial and cost oversight for the upcoming fiscal year.
- Appointment of M/s. B. P. Bang & Company as Internal Auditor for FY 2026-27
- Appointment of M/s. Anchal Jain & Co. as Cost Auditor for FY 2026-27
- Board meeting held on May 20, 2026, concluded at 4:00 PM
- Compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
Somi Conveyor reported a weak Q4 FY26 with net profit falling 34.5% YoY to ₹58.84 Lakhs, despite a modest 5.6% growth in revenue to ₹21.52 Cr. For the full year FY26, the company's revenue remained flat at ₹100.74 Cr, while net profit declined by 8.3% to ₹5.03 Cr. Profitability was impacted by higher tax expenses and fluctuations in inventory costs. On a positive note, the company significantly reduced its debt, with the debt-equity ratio improving to 0.17 from 0.28.
- Q4 FY26 Revenue grew 5.6% YoY to ₹2,152.01 Lakhs, but fell 31.5% sequentially from Q3 FY26.
- Full-year FY26 Net Profit declined to ₹503.06 Lakhs from ₹548.62 Lakhs in the previous year.
- Debt-Equity ratio improved significantly to 0.17 in FY26 compared to 0.28 in FY25.
- Net Profit Margin for the full year contracted to 4.99% from 5.42% in the prior year.
- Cash and cash equivalents increased to ₹189.59 Lakhs from ₹14.63 Lakhs at the start of the year.
Somi Conveyor Beltings Limited held an Extraordinary General Meeting on May 6, 2026, to seek shareholder approval for the re-appointment of Mr. Santosh Kumar Joshi as a Non-Executive Independent Director. The special resolution was passed with unanimous support, receiving 100% of the 8,927,822 votes cast. This includes full participation from the promoter group (6,960,757 votes) and public non-institutional shareholders (1,967,065 votes). The re-appointment ensures board continuity for a second five-year term.
- Special resolution for re-appointment of Mr. Santosh Kumar Joshi passed with 100% majority support.
- A total of 8,927,822 votes were polled across remote e-voting and physical poll, with zero votes cast against.
- Promoter group contributed 6,960,757 votes (100% of their holding) in favor of the resolution.
- Public non-institutional shareholders cast 1,967,065 votes, all in favor of the director's re-appointment.
- The appointment is for a second consecutive term of five years, maintaining independent oversight on the board.
Somi Conveyor Beltings Limited held an Extraordinary General Meeting (EGM) on May 6, 2026, to seek shareholder approval for a key board appointment. The primary agenda was a special resolution for the re-appointment of Mr. Santosh Kumar Joshi as a Non-Executive Independent Director for a second term of five consecutive years. The company utilized both remote e-voting and physical polling to collect shareholder votes. Final results of the resolution are pending and will be declared within the statutory time limit.
- EGM held on May 6, 2026, to vote on the re-appointment of an Independent Director.
- Special Resolution proposed for Mr. Santosh Kumar Joshi's second 5-year term.
- Remote e-voting was conducted between May 3, 2026, and May 5, 2026.
- Mrs. Ira Baxi appointed as the scrutinizer to ensure a fair voting process.
- Meeting concluded at 12:30 PM with results to be announced following the scrutinizer's report.
Somi Conveyor Beltings Limited has received shareholder approval to re-appoint Mr. Santosh Kumar Joshi as a Non-Executive Independent Director. The re-appointment is for a second five-year term, effective from February 22, 2026, until February 21, 2031. Mr. Joshi, aged 52, brings over 31 years of extensive experience in accountancy and economics to the board. This move ensures continuity in the company's independent oversight and governance structure.
- Re-appointment of Mr. Santosh Kumar Joshi for a second term of 5 consecutive years
- New term effective from February 22, 2026, to February 21, 2031
- Director brings over 31 years of professional experience in accountancy and economics
- Approval granted by shareholders at the Extra-Ordinary General Meeting held on May 6, 2026
Somi Conveyor Beltings Limited has filed its annual declaration under SEBI Takeover Regulations for the financial year ended March 31, 2026. The promoter group, including Om Prakash Bhansali and others, collectively holds 6,960,757 equity shares in the company. The filing confirms that no promoter or person acting in concert has made any encumbrance, such as pledging of shares, during the fiscal year. This is a routine but important disclosure that confirms the absence of debt-related risks on the promoter's shareholding.
- Promoters and PAC collectively hold 6,960,757 equity shares as of March 31, 2026
- Declaration confirms zero encumbrances or pledges were made during the financial year 2025-26
- Om Prakash Bhansali is the largest promoter holder with 4,417,011 shares
- Compliance submitted under Regulation 31(4) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations
Somi Conveyor Beltings Limited has approved the re-appointment of Mr. Santosh Kumar Joshi as a Non-Executive Independent Director for a second consecutive term of 5 years. The appointment is effective from February 22, 2026, and is subject to shareholder approval via a Special Resolution at the Extra-Ordinary General Meeting on May 6, 2026. Mr. Joshi, aged 52, possesses over 31 years of experience in accountancy and economics. This move ensures continuity in the company's independent board oversight.
- Re-appointment of Mr. Santosh Kumar Joshi for a second 5-year term starting February 22, 2026
- Extra-Ordinary General Meeting (EGM) scheduled for May 6, 2026, to seek shareholder approval
- Director brings over 31 years of professional experience in accountancy and economics
- Company confirms the director is not debarred by SEBI or any other regulatory authority
Somi Conveyor Beltings Limited has approved the re-appointment of Mr. Santosh Kumar Joshi as a Non-Executive Independent Director for a second term of five years. The new term is effective from February 22, 2026, and is subject to shareholder approval at an Extra-Ordinary General Meeting (EGM) on May 6, 2026. Mr. Joshi, aged 52, possesses over 31 years of professional experience in accountancy and economics. This move aims to maintain governance continuity within the company's leadership structure.
- Re-appointment of Mr. Santosh Kumar Joshi for a second 5-year consecutive term.
- Effective date of the new term is set for February 22, 2026.
- Mr. Joshi brings over 31 years of experience in accountancy and economics to the board.
- Shareholder approval will be sought via a Special Resolution at the EGM on May 6, 2026.
- The appointee has no familial or professional relationship with other Directors or Key Managerial Personnel.
Financial Performance
Revenue Growth by Segment
Standalone revenue for Q2 FY26 was INR 19.72 Cr, representing a 42% YoY decline from INR 34.00 Cr in Q2 FY25. H1 FY26 revenue stood at INR 45.97 Cr, a 6.8% decrease from INR 49.32 Cr in H1 FY25. Segment-wise split is not disclosed in available documents.
Profitability Margins
Profit Before Tax (PBT) for H1 FY26 was INR 2.89 Cr, a 31.8% decrease from INR 4.24 Cr in H1 FY25. Operating margins were approximately 8.5% in FY24 and are expected to improve to 9-10% over the medium term due to a shift in product mix toward higher-margin steel cord beltings.
EBITDA Margin
Operating margins reached 10.4% as of September 2024, driven by high-margin steel cord products. CRISIL expects margins to stabilize between 9-10% over the medium term despite intense competition.
Capital Expenditure
The company has no major debt-funded capital expenditure (capex) plans for the medium term. Net worth is projected to grow to INR 80-86 Cr by March 31, 2026, from INR 76.52 Cr in FY25 through steady accretion to reserves.
Credit Rating & Borrowing
CRISIL upgraded the long-term rating to 'CRISIL BBB-/Stable' from 'CRISIL BB+/Stable' in 2025. CARE Ratings maintains a 'CARE BB-; Stable / CARE A4' rating under the 'ISSUER NOT COOPERATING' category. Interest coverage ratio was 5.50 times in FY25.
Operational Drivers
Raw Materials
Steel cords are specifically identified as a critical component for high-margin beltings. Other raw materials typically include rubber and fabric, though not explicitly listed by cost percentage in the documents.
Capacity Expansion
Current installed capacity is not specified in units; however, the company is scaling operations to support a revenue target of INR 125-130 Cr for FY25, up from INR 101.24 Cr in FY25 (Audited).
Raw Material Costs
Cost of materials consumed in H1 FY26 was INR 35.91 Cr, representing 78.1% of total revenue, compared to INR 33.57 Cr (68% of revenue) in H1 FY25.
Manufacturing Efficiency
Capacity utilization is supported by a healthy order book of INR 105 Cr for execution within the current fiscal year.
Strategic Growth
Expected Growth Rate
15-20%
Growth Strategy
Growth will be achieved through the execution of a current order book worth INR 105 Cr and a pipeline of INR 120 Cr. The strategy focuses on increasing the share of high-margin steel cord beltings and leveraging the company's status as a prominent vendor for government undertakings in the mining and infrastructure sectors.
Products & Services
Conveyor belts, specifically rubber conveyor belts and high-margin steel cord beltings.
Brand Portfolio
Somi Conveyor.
New Products/Services
The company is focusing on the expansion of its steel cord belting product line, which contributed to an improved margin of 10.4% in late 2024.
Market Expansion
The company is targeting growth through increased penetration in government undertakings and infrastructure projects.
External Factors
Industry Trends
The conveyor belt industry is evolving with a shift toward high-strength steel cord belts. The industry is currently growing, with the company achieving a 21-30% historical CAGR, driven by robust demand from mining and ports.
Competitive Landscape
The industry is characterized by intense competition and volatility in raw material prices, which previously pressured operating margins to around 8.5%.
Competitive Moat
The company's moat is built on the extensive experience of its promoters (the Bhansali group) and its established status as a registered vendor for government entities, which provides a competitive advantage in securing large-scale contracts.
Macro Economic Sensitivity
Highly sensitive to industrial capex cycles and GDP growth, particularly in the mining and infrastructure sectors which drive conveyor belt demand.
Consumer Behavior
End-users are increasingly demanding higher-durability products like steel cord belts to reduce maintenance downtime in heavy industrial applications.
Regulatory & Governance
Industry Regulations
Operations are subject to the Environment (Protection) Act 1986, the Water (Prevention & Control of Pollution) Act 1974, and the Air (Prevention & Control of Pollution) Act 1981.
Environmental Compliance
The company spent INR 9.00 lakhs on Corporate Social Responsibility (CSR) activities in FY25, exceeding its statutory requirement of INR 8.63 lakhs.
Taxation Policy Impact
The company recorded a current tax liability of INR 0.73 Cr for H1 FY26. The effective tax rate is governed by standard Indian corporate tax laws.
Legal Contingencies
The Secretarial Audit report for FY25 confirmed compliance with the Companies Act 2013 and other applicable laws; no specific pending litigation values were disclosed.
Risk Analysis
Key Uncertainties
Key risks include the volatility of raw material prices (impacting 78% of revenue) and the cyclical nature of the mining and infrastructure industries.
Technology Obsolescence Risk
The company is addressing technology shifts by transitioning production focus to steel cord beltings.
Credit & Counterparty Risk
Trade receivables of INR 12.38 Cr represent a significant portion of current assets, though the company maintains an 'Adequate' liquidity profile according to CRISIL.
