International Conveyors Ltd - Stock Valuation and Financial Performance

BSE: 509709 | NSE: INTLCONV | Engineering - Industrial Equipments | Small Cap

International Convey Share Price

88.60 0.42 0.48%
as on 24-Apr'24 16:01

DeciZen - make an informed investing decision on International Convey

Overall Rating
Bole Toh

1. Quality

2. Valuation

Somewhat overvalued

3. Price Trend

Semi Strong

International Conveyors stock performance -

mw4me loader
P/E Ratio (SA):
8.79
Market Cap:
558.9 Cr.
52-wk low:
52.5
52-wk high:
124.8

Is International Conveyors Ltd an attractive stock to invest in?

1. Is International Conveyors Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that International Conveyors Ltd is a average quality company.

2. Is International Conveyors Ltd undervalued or overvalued?

The key valuation ratios of International Conveyors Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.

3. Is International Conveyors Ltd a good buy now?

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.

10 Year X-Ray of International Convey:

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 end

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.
International Conveyors Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 10.7%5.8%1.2%3.2%0.2%0.4%5.5%7.8%7.1%11.4%-
Value Creation
Index
-0.2-0.6-0.9-0.8-1.0-1.0-0.6-0.5-0.5-0.2-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 13597.475.647.248.577.891.3166205208155
Sales YoY Gr.--27.9%-22.4%-37.6%2.7%60.5%17.4%82.1%23.4%1.6%-
Adj EPS 1.50.7-0.30.1-0.6-0.90.81.924.410
YoY Gr.--55.8%-150%NA-663.6%NANA122.6%6.4%118.6%-
BVPS (₹) 1212.31219.724.523.520.124.933.435.345.2
Adj Net
Profit
10.44.6-2.30.8-4.2-6.45.712.613.428.164
Cash Flow from Ops. 23.410.713.220.3-9.43.47.345.437.73.9-
Debt/CF from Ops. 2.35.54.32-6.929.59.11.10.617.7-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 4.9%33.9%31.7%1.6%
Adj EPS 12.2%NA73%118.6%
BVPS12.7%7.7%20.7%5.8%
Share Price 19.2% 24.4% 25.4% 50%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
13.45.6-2.80.7-2.8-3.93.98.36.812.324.9
Op. Profit
Mgn %
17.913.94.210.3-0.7-1.19.9129.614.117.6
Net Profit
Mgn %
7.74.7-3.11.6-8.7-8.26.27.66.613.541.1
Debt to
Equity
0.70.70.70.30.40.60.50.30.10.3-
Working Cap
Days
210275334537578453411204244311252
Cash Conv.
Cycle
97128176224152117128522014130

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 24.90%

Sales growth is growing at healthy rate in last 3 years 31.66%

Net Profit is growing at healthy rate in last 3 years 73.01%

Sales growth is not so good in last 4 quarters at -30.36%

Latest Financials - International Conveyors Ltd.

Standalone Consolidated
TTM EPS (₹) 10 10.1
TTM Sales (₹ Cr.) 155 157
BVPS (₹.) 45.2 43
Reserves (₹ Cr.) 280 266
P/BV 1.95 2.05
PE 8.79 8.71
From the Market
52 Week Low / High (₹) 52.51 / 124.79
All Time Low / High (₹) 1.22 / 124.79
Market Cap (₹ Cr.) 559
Equity (₹ Cr.) 6.3
Face Value (₹) 1
Industry PE 51.4

Management X-Ray of International Convey:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of International Convey

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales135977647487891166205208
Operating Expenses 114857242497982146186179
Manufacturing Costs16119661316212425
Material Costs7855472429504295131125
Employee Cost 899781011141716
Other Costs 1210756613161313
Operating Profit 2113350-19201929
Operating Profit Margin (%) 15.7%12.9%4.2%10.3%-0.7%-1.1%9.9%12.0%9.5%14.0%
Other Income 234779881315
Interest 556671010554
Depreciation 6533222222
Exceptional Items 0000000000
Profit Before Tax 136-23-2-45212637
Tax 42-1122-35108
Profit After Tax 84-11-4-68151629
PAT Margin (%) 6.2%4.4%-1.7%2.8%-7.5%-7.1%9.2%9.2%7.6%14.1%
Adjusted EPS (₹)1.20.6-0.20.2-0.5-0.81.32.32.34.5
Dividend Payout Ratio (%)20%39%-26%25%-9%-6%16%44%43%24%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 818381133165159136168226229
Share Capital 7777777776
Reserves 757674126158152129162219222
Minority Interest0000000000
Debt495556406510266492368
Long Term Debt4100000000
Short Term Debt465455406510266492268
Trade Payables15148591616203925
Others Liabilities 96228252725346153
Total Liabilities 155157146206265303243271348375

Fixed Assets

Gross Block68687022232323262929
Accumulated Depreciation3945483579111315
Net Fixed Assets28232220181614161615
CWIP 2311111000
Investments 425353111157182125171139181
Inventories19171211101127242823
Trade Receivables26313215223129162420
Cash Equivalents 5411001009
Others Assets3327244757624545139127
Total Assets 155157146206265303243271348375

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 23111320-93745384
PBT 136-23-2-45212637
Adjustment 9884458700
Changes in Working Capital 7-2813-112-62320-25
Tax Paid -5-20000-1-5-8-9
Cash Flow From Investing Activity -25-10-31-9-2939-220-19
Capex -22-1-100-130-2-30
Net Investments 0-11-10-10-2127-2282-47
Others -32-1115131-7928
Cash Flow From Financing Activity 4-3-10-221826-46-24-3815
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000000000
Interest Paid -5-5-6-6-6-11-7-7-7-5
Dividend Paid -2-2-20000-1-7-7
Others 104-2-152537-38-16-2427
Net Cash Flow 3-300001-100
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)10.735.21-1.571.24-2.46-3.45.7310.017.9212.92
ROCE (%)13.577.972.575.592.262.636.5412.2713.0515.24
Asset Turnover Ratio0.950.640.520.270.220.270.330.650.670.59
PAT to CFO Conversion(x)2.882.75N/A20N/AN/A0.8832.380.14
Working Capital Days
Receivable Days74102147177131125121493538
Inventory Days55646890785075564645
Payable Days446052739091138708294

International Conveyors Ltd Stock News

International Conveyors Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of International Convey on 24-Apr-2024 16:01 is ₹88.60.
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 24-Apr-2024 16:01 the market cap of International Convey stood at ₹558.9.
The latest P/E ratio of International Convey as of 24-Apr-2024 16:01 is 8.79.
The latest P/B ratio of International Convey as of 24-Apr-2024 16:01 is 1.95.
The 52-week high of International Convey is ₹124.8 and the 52-week low is ₹52.51.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of International Convey is ₹154.7 ( Cr.) .

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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