Somi Conveyor Beltings Adjusts Evaluation Amid Declining Sales and Improved Profitability Metrics

Somi Conveyor Beltings, operating in the industrial manufacturing sector, has recently undergone an evaluation adjustment that reflects changes in its financial metrics and overall market position. The company's financial performance for the quarter ending March 2025 has been characterized as flat, with a notable decline in net sales, which reported at Rs 24.29 crore, marking a decrease of 15.8% compared to the previous four-quarter average.
Despite this, the company reported a higher profit after tax (PAT) of Rs 4.74 crore for the nine-month period, indicating some resilience in profitability. The evaluation adjustment also highlights a shift in the quality grade from below average to average, supported by metrics such as a five-year sales growth rate of 17.04% and an EBIT growth rate of 8.88%.

In terms of valuation, Somi Conveyor Beltings is now categorized as attractive, with a price-to-earnings (PE) ratio of 35.25 and a price-to-book value of 2.72. The company has demonstrated consistent returns over the past three years, outperforming the BSE 500 index in each of the last three annual periods.

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