Somi Conveyor Beltings Reports Strong Growth Amid Mixed Long-Term Fundamentals

Somi Conveyor Beltings, a microcap player in the rubber products industry, has recently undergone an evaluation adjustment reflecting its current market position and performance indicators. The company reported positive financial results for the third quarter of FY24-25, showcasing a notable growth in profit after tax (PAT) and net sales over the latest six-month period. Specifically, PAT reached Rs 3.84 crore, marking a growth rate of 87.32%, while net sales amounted to Rs 61.72 crore, with a growth of 31.57%.
In terms of technical analysis, the stock is currently positioned within a mildly bullish range, with a significant shift noted since early March 2025. The Bollinger Band indicator has also shown bullish tendencies, suggesting a favorable technical outlook.

Despite these positive indicators, the company exhibits weak long-term fundamental strength, with an average return on capital employed (ROCE) of 7.68%. Additionally, the long-term growth rates for net sales and operating profit have been modest, at 14.82% and 15.46%, respectively, over the past five years.

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