Throughout Friday’s buying and selling session, the shares of an organization engaged in manufacturing rubber and steel-based industrial conveyor belts surged almost 4 % at Rs. 213.4 on BSE, after the corporate secured an order price almost Rs. 12.4 crores from South Japanese 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 almost 1.8 %, as towards its earlier closing value of Rs. 205.75.
What’s the Information
Somi Conveyor Beltings Restricted has acquired a brand new order, valued at Rs. 12.42 crores, from South Japanese Coalfields Restricted. As per the most recent regulatory filings with the inventory exchanges, the order entails the availability of Metal Twine 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 completely different areas 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 almost 84.6 % YoY.
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Inventory Efficiency
The inventory has delivered multibagger returns of almost 109 % in a single yr, and round 14.6 % of constructive returns within the final six months. Likewise, the shares of Somi Conveyor Beltings have given constructive returns of about 22.6 % within the final one month.
In regards to the firm
Included in 2000, Somi Conveyor Beltings Restricted (SCBL) is without doubt one of the main producers specializing in rubber and steel-based industrial conveyor belts.
With two state-of-the-art manufacturing amenities positioned 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 below the model title ―Somiflex‖. It’s amongst India’s high ten home conveyor belting gamers and affords a complete vary of conveyor belts, together with the next-generation Somiflex collection, designed to fulfill the varied wants of industries.
Written by Shivani Singh
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