Price Movement and Market Context
On 4 Feb 2026, Somi Conveyor Beltings Ltd opened with a gap down of -2.67%, hitting an intraday low of Rs.85, which represents its lowest price point in the past year. Despite this, the stock managed to touch an intraday high of Rs.91.62, a 4.91% rise from the low, before settling near the day’s low. The stock outperformed its sector by 1.4% during the trading session, although it remains substantially below its 52-week high of Rs.218.40.
The broader market, represented by the Sensex, experienced a volatile day, initially opening down by 487.07 points but recovering sharply to close at 83,840.33, a gain of 0.12%. The Sensex remains close to its 52-week high, just 2.77% shy of 86,159.02. Mega-cap stocks led the market rally, while Somi Conveyor Beltings Ltd, a mid-cap industrial manufacturing stock, continued to trade below all key moving averages including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, signalling sustained downward momentum.
Financial Performance and Growth Trends
The company’s financial results have contributed to the subdued investor sentiment. The latest quarterly net sales stood at Rs.19.72 crores, reflecting a sharp decline of 29.7% compared to the previous four-quarter average. Profit after tax (PAT) for the latest six months was Rs.2.06 crores, down by 33.55%, while the quarterly PBDIT reached a low of Rs.1.96 crores. These figures highlight a contraction in revenue and profitability over recent periods.
Over the past five years, Somi Conveyor Beltings Ltd has recorded an annual operating profit growth rate of just 6.65%, which is modest relative to industry peers. The company’s return on capital employed (ROCE) stands at 8.9%, indicating moderate efficiency in generating returns from its capital base. Despite this, the stock’s valuation metrics suggest it is trading at a discount, with an enterprise value to capital employed ratio of 1.3, below the average for comparable companies in the industrial manufacturing sector.
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Comparative Market Performance
In the last year, Somi Conveyor Beltings Ltd has underperformed significantly, delivering a total return of -49.17%. This contrasts sharply with the Sensex’s positive return of 6.69% and the broader BSE500 index’s 7.85% gain over the same period. The stock’s decline has been accompanied by a 22.7% fall in profits, underscoring the challenges faced by the company in maintaining growth and profitability.
Despite the negative price trajectory, the company maintains a relatively strong debt servicing capability, with a low debt to EBITDA ratio of 1.46 times. This suggests that while earnings have contracted, the company’s leverage remains manageable, which may be a factor in its valuation relative to peers.
Shareholding and Market Grade
The majority shareholding in Somi Conveyor Beltings Ltd is held by promoters, indicating concentrated ownership. The company’s Mojo Score currently stands at 28.0, with a Mojo Grade of Strong Sell, an upgrade from the previous Sell rating as of 29 Dec 2025. The market capitalisation grade is rated 4, reflecting its mid-cap status within the industrial manufacturing sector.
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Technical Indicators and Moving Averages
Technically, the stock’s position below all major moving averages signals persistent downward pressure. Trading below the 5-day, 20-day, 50-day, 100-day, and 200-day moving averages typically indicates a bearish trend, which has been consistent with the stock’s recent price action. This technical weakness aligns with the fundamental challenges reflected in the company’s financial results and market performance.
Summary of Key Metrics
To summarise, Somi Conveyor Beltings Ltd’s key metrics as of early February 2026 are as follows:
- 52-week low price: Rs.85
- 52-week high price: Rs.218.40
- One-year total return: -49.17%
- Net sales (latest quarter): Rs.19.72 crores, down 29.7%
- PAT (latest six months): Rs.2.06 crores, down 33.55%
- PBDIT (latest quarter): Rs.1.96 crores
- Debt to EBITDA ratio: 1.46 times
- ROCE: 8.9%
- Enterprise value to capital employed: 1.3
- Mojo Score: 28.0 (Strong Sell)
- Market cap grade: 4
The stock’s performance and valuation reflect a combination of subdued growth, declining profitability, and technical weakness. While the company maintains a manageable debt profile and attractive valuation metrics relative to peers, the overall market response has been cautious, as evidenced by the recent 52-week low and the Strong Sell grading.
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