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International Conveyors Ltd. Stock Analysis

Small Cap
Evaluated by 97 users | BSE: 509709 | NSE: |
Engineering - Industrial Equipments
International Conveyors (IC) was incorporated in 1973 by two Kolkata (INDIA) based entrepreneurs - R.K. Dabriwala and Anver Hussain. Commercial production in Aurangabad plant started in 1978-79.International Conveyors Limited is engaged in manufacturing and marketing of solid woven fabric...

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Value Creation
 Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19
Return on Capital Employed 20.65%5.18%11.15%10.69%10.74%5.76%1.18%3.18%0.21%0.36%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 87.978.499.411613597.475.647.248.577.8
Y-o-Y Gr. Rt.--10.8%26.7%17%16.1%-27.9%-22.4%-37.6%2.7%60.5%
Adjusted EPS (Rs.) 2.070.361.171.471.540.68-0.340.11-0.62-0.94
Y-o-Y Gr. Rt.--82.6%225%25.6%4.8%-55.8%-150%NA-663.6%NA
Book Value per Share (Rs.) 8.48.639.8711.0912.0412.2612.0119.6524.4523.53
Adjusted Net Profit 142.47.99.910.44.6-2.30.8-4.2-6.4
Net Op. Cash Flow (Rs. Cr.) 9.324.68.5823.410.713.220.3-9.43.4
Debt to Cash Flow from Ops 2.861.626.145.582.345.454.261.99-6.8929.5
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
International Conveyors Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales -1.4%-10.4%1%60.5%
Adjusted EPS -191.6%-190.6%NANA
Book Value per Share 12.114.325.1-3.8
Share Price 9.4% -1.3% 5.3% -11.8%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19
Return on Equity (%) 27.364.2312.613.9913.365.6-2.840.7-2.83-3.93
Operating Profit Margin (%) 30.2610.3515.417.1317.8913.884.1710.29-0.73-1.07
Net Profit Margin (%) 15.883.17.928.517.724.71-3.081.59-8.69-8.18
Debt to Equity 0.470.690.790.590.670.710.690.30.390.64
Working Capital Days 279387359293210275334537578453
Cash Conversion Cycle 5110911912097128176224152117
Entity Percentage Holding
Promoters 49.74%
Institutions 21.75%
Non-Institutions 28.51%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

The 5-year analysis of International Convey's performance infers:

International Convey earnings have declined by -190.6%, whereas share price has depreciated -1.3% CAGR over the past five years, indicating the company's share price is likely overvalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of International Convey share prices over the last 10 years. Here is what we found out:

International Convey share price has depreciated 1.8% annually over the past ten years.

International Conveyors (IC) was incorporated in 1973 by two Kolkata (INDIA) based entrepreneurs - R.K. Dabriwala and Anver Hussain. Commercial production in Aurangabad plant started in 1978-79.

International Conveyors Limited is engaged in manufacturing and marketing of solid woven fabric reinforced PVC impregnated and PVC covered fire retardant, anti static conveyor belting. It enjoys around 45% share of the Indian PVC mine conveyor belt market. Purchases in India are made through

International Conveyors (IC) was incorporated in 1973 by two Kolkata (INDIA) based entrepreneurs - R.K. Dabriwala and Anver Hussain. Commercial production in Aurangabad plant started in 1978-79.

International Conveyors Limited is engaged in manufacturing and marketing of solid woven fabric reinforced PVC impregnated and PVC covered fire retardant, anti static conveyor belting. It enjoys around 45% share of the Indian PVC mine conveyor belt market. Purchases in India are made through global and domestic tenders and ICL has demonstrated time and again its global competitiveness.

Besides producing for Indian market, ICL also produces and exports large volume of PVC Belts to USA, Canada, South Africa and Australia.

ICL has developed PVC conveyor belting, tailor made to meet USMSHA (Mine safety and Health Administration), CAN CSA (Canadian Standards Association), Test Safe Australia (Australian Standard) and SABS (South African Bureau of Standards) requirements, besides DGMS (Directorate General of Mines Safety), India.

ICL has one of the best conveyor belting test facilities. A fully equipped test laboratory conducts test of incoming raw material & all finished products, including tests for flame, static conductivity, drum-friction, limited oxygen index, etc. Besides, physical tests like tensile strength, elongation, tear, adhesion, fastener holding, through ability, finished belt and cover thickness etc., are also done as routine tests.

Product range of the company includes:

ICL is one of the major suppliers of underground PVC Belting for carrying Coal & Potash.

  • Solid woven fabric reinforced PVC impregnated
  • PVC covered fire retardant
  • Anti static conveyor belting

Achievements/ recognition:

  • An ISO, 9001:2000 certified company.
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

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