Synopsis: Somi Conveyor Beltings Ltd (SCBL) shares hit a 20% upper circuit after Q3 results, with revenue up 90% QoQ to ₹37.5 crore and net profit rising 177% to ₹2.38 crore. Its earnings per share (EPS) for the quarterly period stood at ₹ 2.02.
The shares of the Micro-Cap company specializing in manufacturing and exporting high-performance industrial rubber and steel-cord conveyor belts are in focus following their Q3 results, with a 177 percent jump in profit.
With a market capitalization of Rs. 141.54 Crores on the Day’s Trade, the shares of Somi Conveyor Beltings Ltd hit a 20 percent upper circuit, reaching a high of Rs. 120.16 compared to its previous close of Rs. 100.14.
What Happened
Somi Conveyor Beltings Ltd, engaged in manufacturing and exporting high-performance industrial rubber and steel-cord conveyor belts, is in the spotlight today as it has announced its Q3 results as follows:
Its Revenue from operations rose by 36 percent YoY from Rs. 27.6 Crores in Q3FY25 to Rs. 37.5 Crores in Q3FY26, and it rose by 90 percent QoQ from Rs. 19.7 Crores in Q2FY26 to Rs. 37.5 Crores in Q3FY26.
Its Net Profit YoY rose by 61 percent from Rs. 1.48 Crores in Q3FY25 to Rs. 2.38 Crores in Q3FY26, and on a QoQ basis, it rose by 177 percent from Rs. 0.86 Crores in Q2FY26 to Rs. 2.38 Crores in Q3FY26. The earnings per share (EPS) for the quarterly period stood at Rs. 2.02, compared to Rs. 0.73 in the previous year’s quarter.
Company Overview & Others
Somi Conveyor Beltings Ltd (SCBL), established in 2000 and based in Jodhpur, India, is a leading manufacturer and exporter of specialized industrial rubber conveyor belts under the brand name “Somiflex”.
The company, listed on both NSE and BSE, operates as a public limited entity with two state-of-the-art manufacturing plants situated in Jodhpur, India, benefiting from excellent rail, road, and air connectivity. The facilities are outfitted with fully automatic, computerized machinery and operate entirely on PLC technology.
It has an installed capacity of 9,00,000 meters per annum, it offers a diverse range of conveyor belts up to 2000mm in width, comparable in quality to leading international brands such as Fenner, Yokohama, Dunlop, and Continental.
The company shows a decent return on capital employed (ROCE) of 10.4% and a moderate return on equity (ROE) of 7.44%, indicating it is generating reasonable profits from both its overall capital and shareholder funds. Its low debt-to-equity ratio of 0.19 suggests a strong balance sheet with minimal reliance on borrowed funds, which reduces financial risk and provides flexibility for growth.
The stock’s P/E ratio of 26.3 is slightly below the industry average of 29.5, suggesting it may be relatively undervalued compared to peers. It has a PEG ratio of 0.56, which points to potential growth opportunities at an attractive price.
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