Throughout Friday’s buying and selling session, the shares of an organization engaged in manufacturing rubber and steel-based industrial conveyor belts surged practically 4 % at Rs. 213.4 on BSE, after the corporate secured an order price practically Rs. 12.4 crores from South Jap Coalfields.
With a market cap of Rs. 246.6 crores, the shares of Somi Conveyor Beltings Restricted closed within the inexperienced at Rs. 209.35, up by practically 1.8 %, as towards its earlier closing worth of Rs. 205.75.
What’s the Information
Somi Conveyor Beltings Restricted has obtained a brand new order, valued at Rs. 12.42 crores, from South Jap Coalfields Restricted. As per the newest regulatory filings with the inventory exchanges, the order entails the provision of Metal Wire Conveyor Belts within the location of Bilaspur CG.
Earlier Order
In September 2024, Somi Conveyor Beltings secured orders amounting to Rs. 16.186 crores from a number of shoppers together with NLC Tamilnadu Energy Ltd, NTPC Restricted, The West Bengal Energy Dev. Corp. Ltd. and UPRVUNL at totally different places throughout India.
Financials
Somi Conveyor Beltings skilled a big development in its income from operations, exhibiting a year-on-year rise of 20.6 % from Rs. 28.2 crores in Q2 FY24 to Rs. 34 crores in Q2 FY25.
Equally, its web revenue elevated throughout the identical interval from Rs. 1.3 crores to Rs. 2.4 crores, representing a development of practically 84.6 % YoY.
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Inventory Efficiency
The inventory has delivered multibagger returns of practically 109 % in a single yr, and round 14.6 % of optimistic returns within the final six months. Likewise, the shares of Somi Conveyor Beltings have given optimistic returns of about 22.6 % within the final one month.
Concerning the firm
Integrated in 2000, Somi Conveyor Beltings Restricted (SCBL) is likely one of the main producers specializing in rubber and steel-based industrial conveyor belts.
With two state-of-the-art manufacturing services situated in Jodhpur, India, the corporate boasts a manufacturing capability of 1.2 million meters yearly, as of FY24. The corporate cater to varied industries, together with cement, sponge iron, energy, and mining sectors.
SCBL’s product vary contains world-class conveyor belts underneath the model title ―Somiflex‖. It’s amongst India’s prime ten home conveyor belting gamers and affords a complete vary of conveyor belts, together with the next-generation Somiflex collection, designed to satisfy the various wants of industries.
Written by Shivani Singh
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