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Tuesday, November 22, 2011

Somi Conveyor Beltings Ltd:-Buy/sell/growth prospects and recommendation,news and results,target price and analysis,view and outlook,multibagger

Scripscan:Somi Conveyor Beltings Ltd

Story:Somi Conveyor Beltings Limited engages in the manufacture and sale of industrial conveyor belts in India. It offers special utility, heat and chemical resistant, and crackless conveyor belts. The company’s conveyor belts are used in various material transport applications, such as manufacturing, food processing, and heavy industries.Besides, the Company has successfully launched three
New Types of Conveyor belt:# CRACKLESS SEHR-36™ Conveyor Belt, which does not develop any cracks even if exposed to run at temperatures ranging from 200 degrees centigrade to 250 degrees centigrade and even more.# ROCK-2007 Conveyor Belt, which is Heavy Duty Conveyor Belt with exceptional qualities to convey materials far in excess of traditional M-24 Conveyor belts and is excellent resistant to wear, tear and abrasions.# SEFR-72™ Conveyor Belt , which has superior inbuilt properties to resist fire even if exposed to flame for considerable time. The belt automatically changes its colours at different temperatures. These belts are designed and developed by its R&D with own formulations with the help of somi's Ultra Modern Lab facilities.The company also exports its products to the outside world.The Company has a long list of topline clientele, notable among them are ACC, Aditya Birla Group of Companies, L&T, Essar Steel, TATAs, Ambuja Group etc. in private sector favouring the Company with their repeat orders.It recently installed a new manufacturing facility at its existing plant at jodhpur,Rajesthan.The plant is well connected by excellent Rail, Road & Air Line facilities.The new facility has expanded the total capacity from 4.5 lakh metres to 9 lakh metres of conveyor belt manufacturing.It made the company one of the largest conveyor belt manufacturing company in our country. The company aims to have a turnover of 80crs by fy13 from 23crs in fy11.At present prices it seems a to be a good hold candidate.

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