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International Conveyors Ltd (INTLCONV)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 509709 NSE: INTLCONV Engineering - Industrial Equipments | Small Cap | International Convey Share Price
₹80 0.10 (0.13%)
As on 29-Sep'26 16:59
International Conveyors Ltd (INTLCONV)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 509709 NSE: INTLCONV Engineering - Industrial Equipments | Small Cap | International Convey Share Price
₹80 0.10 (0.13%)
As on 29-Sep'26 16:59
Key Metrics
Valuation Multiples
Market Cap
₹510 Cr.
Current Price
₹80
52-Week Low / High
₹60 / 114
TTM EPS
₹21.3
TTM Sales
₹213 Cr.
Book Value per Share
₹85.2
P/E Ratio
3.75
Lower than its 5-year historical median
Industry PE
59
Price to Book (P/B)
0.94
Lower than its 5-year historical median
Price to Sales (P/S)
2.40
Lower than its 5-year historical median
EV/EBITDA
3.10
Lower than its 5-year historical median
Dividend Yield
0.63%
Profitability Efficiency
Return on Equity (ROE)
17.43%
Outperforms industry median
Return on Capital Employed (ROCE)
20.61%
Outperforms industry median
Return on Assets (ROA)
12.07%
Operating Profit Margin
19%
Net Profit Margin
32.08%
Gross Profit Margin
41.7%
Growth Momentum
1-yr vs 3-yr growth
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
44.62%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
55.55%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
-25.43%
Asset Quality
Promoter Holding
70.23%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹537 Cr.
Equity
₹6.4 Cr.
Face Value
₹1
All Time Low / High
₹1.22 / 124.79
Check Before You Invest
Quality
Very GoodValuation
FairCheck Valuation charts
Price Trend
Semi Strong
Is International Conveyors Ltd a good quality company?
International Conveyors Ltd is a good quality company, based on a consistently good multi-year financial track record.
This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.
We have analysed the performance of the company on the following:
-
How has it performed on generating Profits?
By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.
-
How efficiently has it utilized Capital?
By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.
-
How is it managing its Debt?
By checking its Debt to Equity and Cash Flow from Operations.
How does International Conveyors Ltd performance compare with that of its Peers?
Revenue growth of International Conveyors Ltd vs industry peers?
International Conveyors Ltd revenue CAGR is 4.72%, compared to the industry median CAGR of 0.00%, indicating faster growth and gaining its market share.
Promoter shareholding and pledge status of International Conveyors Ltd?
Promoters hold 70.23% of the International Conveyors Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Stock return of International Conveyors Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 14.7% based on the current price.
10 Year X-Ray :
Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year endData adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
What is a Financial Track Record? How to read this chart in order to understand the data present here?
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.
International Conveyors Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good
Value Creation ⓘ
| Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 5.6% | 2.3% | 2.6% | 6.5% | 12.3% | 13.1% | 15.2% | 24.1% | 25.2% | 20.4% | - |
| Value Creation Index ⓘ | -0.6 | -0.8 | -0.8 | -0.5 | -0.1 | -0.1 | 0.1 | 0.7 | 0.8 | 0.5 | - |
Growth Parameters ⓘ |
|||||||||||
| Sales ⓘ | 47.2 | 48.5 | 77.8 | 91.3 | 166 | 205 | 208 | 138 | 141 | 204 | 208 |
| Sales YoY Gr. | - | 2.7% | 60.5% | 17.4% | 82.1% | 23.4% | 1.6% | -33.7% | 1.9% | 44.6% | - |
| Adj EPS ⓘ | 0.1 | -0.6 | -0.9 | 0.8 | 1.9 | 2 | 4.4 | 9.1 | 12.7 | 11.1 | 21.3 |
| YoY Gr. | - | -663.6% | NA | NA | 122.6% | 6.4% | 118.6% | 109.4% | 39.1% | -12.2% | - |
| BVPS (₹) ⓘ | 19.7 | 24.5 | 23.5 | 20.1 | 24.9 | 33.4 | 35.3 | 45.2 | 56.8 | 66.4 | 85.2 |
| Adj Net Profit ⓘ | 0.8 | -4.2 | -6.4 | 5.7 | 12.6 | 13.4 | 28.1 | 57.8 | 80.3 | 71 | 136 |
| Cash Flow from Ops. ⓘ | 20.3 | -9.4 | 3.4 | 7.3 | 45.4 | 37.7 | 3.9 | 12.9 | 10.6 | 32.8 | - |
| Debt/CF from Ops. ⓘ | 2 | -6.9 | 29.5 | 9.1 | 1.1 | 0.6 | 17.7 | 10 | 8.6 | 2.4 | - |
CAGR ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 17.7% | 4.2% | -0.8% | 44.6% | ||||
| Adj EPS ⓘ | 67% | 42.9% | 36.8% | -12.2% | ||||
| BVPSⓘ | 14.5% | 21.6% | 23.4% | 16.8% | ||||
| Share Price | 14.9% | 2.6% | -0.6% | -19.2% | ||||
Key Financial Parameters ⓘ
| Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 0.7 | -2.8 | -3.9 | 3.9 | 8.3 | 6.8 | 12.3 | 22.3 | 24.8 | 18.1 | 28.2 |
| Op. Profit Mgn % ⓘ | 10.3 | -0.7 | -1.1 | 9.9 | 12 | 9.6 | 14.1 | 15.6 | 16.9 | 20 | 20.6 |
| Net Profit Mgn % ⓘ | 1.6 | -8.7 | -8.2 | 6.2 | 7.6 | 6.6 | 13.5 | 41.8 | 57 | 34.8 | 65.5 |
| Debt to Equity ⓘ | 0.3 | 0.4 | 0.6 | 0.5 | 0.3 | 0.1 | 0.3 | 0.5 | 0.3 | 0.2 | - |
| Working Cap Days ⓘ | 537 | 578 | 453 | 411 | 204 | 244 | 311 | 473 | 544 | 385 | 388 |
| Cash Conv. Cycle ⓘ | 224 | 152 | 117 | 128 | 52 | 20 | 14 | 31 | 30 | 20 | 284 |
Valuation of International Convey - Consolidated
Analyst's Notes
No data found!
Management X-Ray
Shareholding Pattern
Promoter's Holding & Share Pledging
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
* Pledged shares as % of Promoter's holding (%)
Financials
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 60 | 56 | 86 | 99 | 169 | 205 | 215 | 134 | 152 | 213 |
| Operating Expenses ⓘ + | 54 | 59 | 86 | 92 | 149 | 186 | 187 | 113 | 130 | 180 |
| Operating Profit ⓘ | 6 | -3 | -0 | 7 | 20 | 20 | 28 | 21 | 21 | 33 |
| Operating Profit Margin (%) | 9.8% | -4.6% | -0.3% | 6.8% | 11.8% | 9.5% | 13.0% | 15.9% | 14.1% | 15.7% |
| Other Income ⓘ + | 8 | 8 | 9 | 8 | 9 | 14 | 15 | 67 | 105 | 66 |
| Interest ⓘ | 6 | 7 | 10 | 10 | 5 | 4 | 4 | 9 | 8 | 8 |
| Depreciation ⓘ | 3 | 3 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 |
| Profit Before Tax ⓘ | 5 | -4 | -4 | 3 | 22 | 27 | 37 | 77 | 116 | 89 |
| Tax ⓘ | 2 | 2 | 2 | -3 | 6 | 11 | 8 | 15 | 25 | 21 |
| Profit After Tax | 3 | -6 | -6 | 6 | 17 | 16 | 29 | 62 | 92 | 68 |
| PAT Margin (%) | 5.5% | -10.3% | -6.7% | 6.5% | 9.8% | 7.9% | 13.4% | 46.6% | 60.4% | 32.1% |
| Adjusted EPS (₹) | 0.5 | -1.1 | -0.9 | 0.9 | 2.5 | 2.4 | 4.4 | 9.8 | 14.5 | 10.7 |
| Dividend Payout Ratio (%) | 10.20% | -4.50% | -5.90% | 21.20% | 40.60% | 41.70% | 24.80% | 11.20% | 5.20% | 4.70% |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | |||||||||||
| Shareholders Fund + | 124 | 150 | 147 | 122 | 153 | 214 | 214 | 272 | 361 | 424 | |
| Debt + | 40 | 65 | 102 | 63 | 46 | 19 | 65 | 125 | 86 | 72 | |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Trade Payables | 6 | 12 | 12 | 14 | 21 | 39 | 25 | 20 | 23 | 28 | |
| Others Liabilities ⓘ | 29 | 27 | 28 | 29 | 37 | 70 | 55 | 65 | 82 | 57 | |
| Total Liabilities ⓘ | 199 | 253 | 288 | 228 | 256 | 342 | 358 | 482 | 552 | 582 | |
Fixed Assets | |||||||||||
| Net Fixed Assets ⓘ + | 21 | 19 | 17 | 15 | 17 | 17 | 16 | 15 | 14 | 15 | |
| CWIP ⓘ | 1 | 1 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Investments ⓘ | 101 | 143 | 170 | 102 | 147 | 119 | 157 | 252 | 299 | 328 | |
| Inventories | 16 | 13 | 11 | 28 | 24 | 31 | 25 | 29 | 19 | 27 | |
| Trade Receivables | 8 | 22 | 26 | 29 | 17 | 25 | 17 | 21 | 20 | 26 | |
| Cash Equivalents | 2 | 2 | 2 | 2 | 2 | 2 | 11 | 3 | 9 | 20 | |
| Others Assets ⓘ | 49 | 53 | 62 | 51 | 49 | 146 | 132 | 162 | 191 | 166 | |
| Total Assets ⓘ | 199 | 253 | 288 | 228 | 256 | 342 | 358 | 482 | 552 | 582 | |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ + | 16 | -14 | 5 | 3 | 49 | 37 | 4 | 12 | 15 | 35 |
| Cash Flow From Investing Activity ⓘ + | 7 | -4 | -32 | 46 | -26 | 1 | -18 | -48 | 43 | -5 |
| Cash Flow From Financing Activity ⓘ + | -24 | 18 | 26 | -49 | -24 | -37 | 15 | 34 | -54 | -25 |
| Net Cash Flow ⓘ | -1 | 0 | -1 | 0 | -0 | 0 | 0 | -1 | 4 | 4 |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 3.42 | -4.22 | -3.86 | 4.73 | 12.07 | 8.82 | 13.44 | 25.69 | 29 | 17.43 |
| ROCE (%) | 7.57 | 1.43 | 2.72 | 6.03 | 14.11 | 14.24 | 15.95 | 25.4 | 29.49 | 20.61 |
| Asset Turnover Ratio | 0.36 | 0.26 | 0.32 | 0.38 | 0.7 | 0.69 | 0.62 | 0.33 | 0.29 | 0.38 |
| PAT to CFO Conversion(x) | 5.33 | N/A | N/A | 0.5 | 2.88 | 2.31 | 0.14 | 0.19 | 0.16 | 0.51 |
| Working Capital Days | ||||||||||
| Receivable Days | 72.40 | 92.60 | 101.50 | 101.50 | 49.50 | 37.40 | 35.50 | 50.50 | 48.50 | 38.60 |
| Inventory Days | 105.40 | 90.30 | 51.60 | 72.50 | 56.20 | 49.30 | 47.20 | 71.80 | 57.70 | 39 |
| Payable Days | 63.40 | 96.60 | 80.40 | 101 | 64 | 84.20 | 90.10 | 125.20 | 96.10 | 79.40 |
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International Conveyors Ltd FAQs
The current trading price of International Convey on 29-Sep-2026 16:59 is ₹80.00.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 28-Sep-2026 the market cap of International Convey stood at ₹510.2 Cr
The latest P/E ratio of International Convey as of 28-Sep-2026 is 3.75.
The latest P/B ratio of International Convey as of 28-Sep-2026 is 0.94.
The 52-week high of International Convey is ₹114.3 and the 52-week low is ₹59.84.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of International Convey is ₹208 ( Cr.) .
Past 10 year's financial track record analysis by Moneyworks4me indicates that International Conveyors Ltd is a good quality company.
The key valuation ratios of International Conveyors Ltd's currently when compared to its past seem to suggest it is in the Fair zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of International Conveyors Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.
About International Conveyors Ltd
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.
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