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Somi Conveyor Beltings Share Price Target 2024, 2025, 2026 to 2039 With Charts
Somi Conveyor Beltings Limited | |||
 | Symbol: SOMICONVEY | ||
| Price: ₹171.06 | |||
| Exchange: NSE | |||
| Industrials -> Specialty Industrial Machinery | |||
Show Table of Contents
Table of Contents
- 1: Somi Conveyor Beltings Brief Company Overview
- 1.1: Somi Conveyor Beltings Limited: A Trusted Provider of Industrial Conveyor Belt Solutions
- 1.2: Somi Conveyor Beltings Financial Performance
- 1.2.1: Is Somi Conveyor Beltings A Good Buy For Long Term?
- 2: Approach 1: Technical Analysis Paired With Price Action
- 2.1: Somi Conveyor Beltings Share Price Target For 2024
- 2.1.1: Somi Conveyor Beltings Share Price Target Table For 2024
- 2.1.2: Summary: Somi Conveyor Beltings Share Price Prediction For 2024
- 2.2: Somi Conveyor Beltings Share Price Target For 2025
- 2.2.1: Somi Conveyor Beltings Share Price Target Table For 2025
- 2.2.2: Summary: Somi Conveyor Beltings Share Price Prediction For 2025
- 3: Approach 2: Machine Learning By Studying Historical Prices
- 3.1: Somi Conveyor Beltings Long Term Share Price Prediction Chart From 2024, 2025, 2026 to 2039
- 3.2: Somi Conveyor Beltings Share Price Target Table From 2024, 2025, 2026 to 2039
- 4: Somi Conveyor Beltings Past Performance
Somi Conveyor Beltings Brief Company Overview
Somi Conveyor Beltings Limited: A Trusted Provider of Industrial Conveyor Belt Solutions
Established in 2000, Somi Conveyor Beltings Limited is a leading manufacturer and supplier of industrial conveyor belts. With a global reach, the company caters to commercial, industrial, and consumer markets.
Somi Conveyor Beltings is renowned for its diverse product range, including:
- Fire and oil resistant belts
- Bullet proof, fusion, chevron, and rough top belts
- Rubber sheets and mattings
The company's commitment to quality and innovation has earned it a strong reputation in the industry. Somi Conveyor Beltings primarily serves the sponge iron, power, and mining sectors.
With a strong focus on providing reliable and efficient conveyor belt solutions, Somi Conveyor Beltings Limited continues to be a trusted partner for businesses worldwide.
Somi Conveyor Beltings Financial Performance
| Metric | Value | Description |
|---|---|---|
| Market Capital | 157.61 Crore | Market valuation of Somi Conveyor Beltings's shares. |
| Revenue (TTM) | 102.45 Crore | Total revenue generated by Somi Conveyor Beltings over the past twelve months. |
| Net Income (TTM) | +4.65 Crore | Net Profit or Loss after all the expenses over the past twelve months. |
| Operating Margin | 7.23% | Income from operations as a percentage of revenue, before taxes and interest. |
| Profit Margin | 4.54% | Net income as a percentage of revenue, after all expenses. |
| Revenue Growth (Quarterly) | -14.4% | Change in revenue compared to the previous quarter. |
| Earnings Growth (YOY Quarterly) | +66.7% | Change in earnings compared to the same quarter last year. |
| Debt-to-Equity (D/E) Ratio | 23.16 | Company's total debt divided by total shareholder equity. |
| Total Debt | 15.84 Crore | Sum of Somi Conveyor Beltings's current & long-term financial obligations. |
| Total Cash | 6.91 Crore | Total amount of liquid funds available to Somi Conveyor Beltings. |
| Beta | 0.51 | Beta is less than 1 indicating that the Somi Conveyor Beltings's price is less volatile than the market. |
Is Somi Conveyor Beltings A Good Buy For Long Term?
Somi Conveyor Beltings, a small-cap stock with a strong revenue and earnings growth, appears to be an attractive pick for long-term investment. Despite carrying debt, its financial stability is supported by a healthy cash balance. With robust profitability margins and a track record of consistent returns, Somi Conveyor Beltings presents a solid opportunity for investors seeking long-term growth.
To predict the Somi Conveyor Beltings's future market prices, we harnessed 2 dynamic approaches:
Approach 1: Technical Analysis Paired With Price Action
Approach 2: Machine Learning By Studying Historical Prices
Approach 1: Technical Analysis Paired With Price Action
Somi Conveyor Beltings Share Price Target For 2024
The line chart displays the monthly closing prices of Somi Conveyor Beltings with a black line. The green line shows three potential target prices for 2024, while the red line indicates three potential Stop Loss levels.
For detailed target and stop loss values for Somi Conveyor Beltings shares in 2024, see the table below.
Somi Conveyor Beltings Share Price Target Table For 2024
| Somi Conveyor Beltings's Levels | Value | Reason/Importance |
|---|---|---|
| 2024 Target 3 | 173.10 (+1.19%) | Fibonacci Extension Level 150% |
| 2024 Target 2 | 171.05 (-0.01%) | Custom Fibonacci Extension Lvl 82% |
| 2024 Target 1 | 168.67 (-1.4%) | Custom Fibonacci Extension Lvl 23.6% |
| Current Price | 171.06 | Somi Conveyor Beltings's 1 share price as of Thu 21 Nov 2024 |
| Stop Loss 1 | 167.41 (-2.14%) | Price Action: Chart |
| Stop Loss 2 | 165.53 (-3.24%) | Price Action: 08 Nov 2024 High |
| Stop Loss 3 | 163.63 (-4.35%) | Fibonacci Retracement Extended 82.6% |
Summary: Somi Conveyor Beltings Share Price Prediction For 2024
In summary, Somi Conveyor Beltings has surged by ₹79.51, achieving a notable +86.85% increase from 1st January 2024 to 21 Nov 2024. Our analysis of Somi Conveyor Beltings for 2024 predicts an additional rise of -1.4% to 1.19% by the end of 2024 with three potential targets T1: 168.67, T2: 171.05, T3: 173.10. Stop Loss at SL1: 167.41, SL2: 165.53, SL3: 163.63.
Somi Conveyor Beltings has a 52-week high of ₹235.58, acting as a crucial resistance level - a ceiling that could challenge further price increase. Conversely, it has a 52-week low of ₹83.15, a critical support level - think of this as a safety net where the price might stop falling.
After looking at 2024's share price prediction, let's now check what 2025 might hold for Somi Conveyor Beltings.
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Somi Conveyor Beltings Share Price Target For 2025
The line chart displays the monthly closing prices of Somi Conveyor Beltings with a black line. The green line shows three potential target prices for 2025, while the red line indicates three potential Stop Loss levels.
For detailed target and stop loss values for Somi Conveyor Beltings shares in 2025, see the table below.
Somi Conveyor Beltings Share Price Target Table For 2025
| Somi Conveyor Beltings's Levels | Value | Reason/Importance |
|---|---|---|
| 2025 Target 3 | 251.66 (+47.11%) | Price Action: Chart |
| 2025 Target 2 | 246.97 (+44.37%) | Price Action: Chart |
| 2025 Target 1 | 244.52 (+42.94%) | Custom Fibonacci Extension Lvl 64.9% |
| Current Price | 171.06 | Somi Conveyor Beltings's 1 share price as of Thu 21 Nov 2024 |
| Stop Loss 1 | 145.00 (-15.24%) | Price Action: Apr 2024 High |
| Stop Loss 2 | 143.13 (-16.33%) | Technical Indicator: MA250 |
| Stop Loss 3 | 140.55 (-17.84%) | Price Action: Chart |
Summary: Somi Conveyor Beltings Share Price Prediction For 2025
In summary, Somi Conveyor Beltings has surged by ₹79.51, achieving a notable +86.85% increase from 1st January 2024 to 21 Nov 2024. Our analysis of Somi Conveyor Beltings for 2025 predicts an additional rise of 42.94% to 47.11% by the end of 2025 with three potential targets T1: 244.52, T2: 246.97, T3: 251.66. Stop Loss at SL1: 145.00, SL2: 143.13, SL3: 140.55.
Somi Conveyor Beltings has a All-Time high of ₹235.58, acting as a crucial resistance level - a ceiling that could challenge further price increase. Conversely, it has a 52-week low of ₹83.15, a critical support level - think of this as a safety net where the price might stop falling.
After looking at 2024's and 2025's share price prediction, you might wonder what are short term targets for Somi Conveyor Beltings, we have created a specific page for that check here: Somi Conveyor Beltings Share Price Target For Tomorrow & Next Week
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Approach 2: Machine Learning By Studying Historical Prices
Somi Conveyor Beltings Long Term Share Price Prediction Chart From 2024, 2025, 2026 to 2039
This chart presents a detailed projection of Somi Conveyor Beltings share price predictions from 2024, 2025, 2026 to 2039. This share price Prediction represents a CAGR of 9.13% over the next 15 years.
For complete year by year Somi Conveyor Beltings long term share price target from 2024, 2025 to 2039 check the below table.
Somi Conveyor Beltings Share Price Target Table From 2024, 2025, 2026 to 2039
| Year | Somi Conveyor Beltings Target | YoY Change % |
|---|---|---|
| 2024 | ₹171.06 | [Current Price] |
| 2024 | ₹196.51 | 14.87% |
| 2025 | ₹215.29 | 9.55% |
| 2026 | ₹243.56 | 13.13% |
| 2027 | ₹280.61 | 15.21% |
| 2028 | ₹333.32 | 18.78% |
| 2029 | ₹383.88 | 15.16% |
| 2030 | ₹387.69 | 0.99% |
| 2031 | ₹411.67 | 6.18% |
| 2032 | ₹450.79 | 9.5% |
| 2033 | ₹513.61 | 13.93% |
| 2034 | ₹571.25 | 11.22% |
| 2035 | ₹560.1 | -1.96% |
| 2036 | ₹579.78 | 3.51% |
| 2037 | ₹620.98 | 7.1% |
| 2038 | ₹693.9 | 11.74% |
| 2039 | ₹667.54 | -3.8% |
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Somi Conveyor Beltings Past Performance
- In 2016, Somi Conveyor Beltings opening price was ₹49
- As of Thu 21 Nov 2024 the price stands at ₹171.06.
- This represents a Compound Annual Growth Rate (CAGR) of 14.9%.
- In 8 years, an investment of 10,000 would have become ₹34,910.2.
As we wrap up, we hope you like our study on Somi Conveyor Beltings share price predictions, please kindly note that these forecasts are based on technical analysis, past trends, and machine learning models. They are for educational purposes only, not investment advice.
Show Methodology We Use
Methodology Behind the Prediction
The share price predictions present on our site are derived from a robust model that incorporates multiple economic indicators, technical indicators, company performance metrics, and industry-specific factors.
We have historical share price data of all stocks for which we present targets, so we analyse historical trends from those past data and overlay them with projected market conditions to estimate future share prices of a stock.
Disclaimer: Information is provided 'as is' and solely for informational and educational purposes, not for trading purposes or advice. We highly recommend to do your own research before making any investment.
