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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

₹83.71 1.11 (1.34%)

As on 24-Jun'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

₹83.71 1.11 (1.34%)

As on 24-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹534 Cr.
Current Price
₹83.7
52-Week Low / High
₹60 / 114
TTM EPS
₹10.7
TTM Sales
₹204 Cr.
Book Value per Share
₹66.4
P/E Ratio
7.84
Lower than its 5-year historical median
Industry PE
59.4
Price to Book (P/B)
1.26
Lower than its 5-year historical median
Price to Sales (P/S)
2.62
Lower than its 5-year historical median
EV/EBITDA
6.05
Lower than its 5-year historical median
Dividend Yield
0.9%
Profitability Efficiency
Return on Equity (ROE)
23.59%
Outperforms industry median
Return on Capital Employed (ROCE)
25.24%
Outperforms industry median
Return on Assets (ROA)
14.68%
Operating Profit Margin
16.8%
Net Profit Margin
54.15%
Gross Profit Margin
83.8%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
1.88%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
7.94%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
22.75%
Asset Quality
Promoter Holding
69.86%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹417 Cr.
Equity
₹6.4 Cr.
Face Value
₹1
All Time Low / High
₹1.22 / 124.79

International Conveyors stock performance

Key Ratios
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Quality

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Valuation

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Price Trend

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Q.1 Is International Conveyors Ltd a good quality company?
International Conveyors Ltd is a average quality company, based on a somewhat consistent 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?
Q.1 Revenue growth of International Conveyors Ltd vs industry peers?
International Conveyors Ltd revenue CAGR is 9.05%, compared to the industry median CAGR of 3.04%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of International Conveyors Ltd?
Promoters hold 69.86% of the International Conveyors Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of International Conveyors Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 15.2% based on the current price.

10 Year X-Ray : Login to view analysis.

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

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 2.6%5.6%2.3%2.6%6.5%12.3%13.1%15.2%24.1%25.2%-
Value Creation
Index
-0.8-0.6-0.8-0.8-0.5-0.1-0.10.10.70.8-

Growth Parameters

Sales 75.647.248.577.891.3166205208138141204
Sales YoY Gr.--37.6%2.7%60.5%17.4%82.1%23.4%1.6%-33.7%1.9%-
Adj EPS -0.30.1-0.6-0.90.81.924.49.112.710.7
YoY Gr.-NA-663.6%NANA122.6%6.4%118.6%109.4%39.1%-
BVPS (₹) 1219.724.523.520.124.933.435.345.256.866.4
Adj Net
Profit
-2.30.8-4.2-6.45.712.613.428.157.880.368
Cash Flow from Ops. 13.220.3-9.43.47.345.437.73.912.910.6-
Debt/CF from Ops. 4.32-6.929.59.11.10.617.7108.6-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 7.2%9.1%-11.8%1.9%
Adj EPS NA72.1%85.3%39.1%
BVPS18.9%23.1%19.4%25.7%
Share Price 14.4% 6.6% 5.5% -10.3%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
-2.80.7-2.8-3.93.98.36.812.322.324.817.3
Op. Profit
Mgn %
4.210.3-0.7-1.19.9129.614.115.616.919.9
Net Profit
Mgn %
-3.11.6-8.7-8.26.27.66.613.541.85733.4
Debt to
Equity
0.70.30.40.60.50.30.10.30.50.30
Working Cap
Days
334537578453411204244311473544388
Cash Conv.
Cycle
1762241521171285220143130284

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales7647487891166205208138141
Operating Expenses + 7242497982146186179117118
Manufacturing Costs96613162124251412
Material Costs4724295042951311257374
Employee Cost 97810111417161817
Other Costs 7566131613131214
Operating Profit 35-0-192019292223
Operating Profit Margin (%) 4.2%10.3%-0.7%-1.1%9.9%12.0%9.5%14.0%15.6%16.5%
Other Income + 477988131566105
Exceptional Items 000000000-17
Interest 667101055499
Depreciation 3322222222
Profit Before Tax -23-2-4521263777101
Tax -1122-351081524
Profit After Tax -11-4-681516296276
PAT Margin (%) -1.7%2.8%-7.6%-7.1%9.3%9.2%7.6%14.1%44.9%54.2%
Adjusted EPS (₹)-0.20.2-0.5-0.81.32.32.34.59.812.0
Dividend Payout Ratio (%)-26.30%25.40%-9.20%-6.10%16%44.40%43.30%24.30%11.20%6.20%

Valuation of International Convey - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 81133165159136168226229286360
Share Capital 7777777666
Reserves 74126158152129162219222280354
Debt +5640651026649236812991
Long Term Debt0000000000
Short Term Debt5540651026649226812991
Minority Interest0000000000
Trade Payables85916162039251923
Others Liabilities 2282527253461535872
Total Liabilities 146206265303243271348375493546

Fixed Assets

Net Fixed Assets +22201816141616151413
Gross Block70222323232629293031
Accumulated Depreciation4835791113151618
CWIP 1111100000
Investments 53111157182125171139181276306
Inventories12111011272428231715
Trade Receivables32152231291624202622
Cash Equivalents 1100100924
Others Assets 244757624545139127157186
Total Assets 146206265303243271348375493546

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 1320-937453841311
PBT -23-2-4521263777117
Adjustment 844587-00-48-91
Changes in Working Capital 813-112-62320-25-9-9
Tax Paid -0-0-0-0-1-5-8-9-7-7
Cash Flow From Investing Activity + -31-9-2939-22-0-19-4843
Capex -1-0-0-13-0-2-3-0-1-0
Net Investments -10-10-2127-2282-47-2041
Others -1115131-7928-263
Cash Flow From Financing Activity + -10-221826-46-24-381535-54
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0-0-0-000-0-00-0
Interest Paid -6-6-6-11-7-7-7-5-9-9
Dividend Paid -2-0-0-0-0-1-7-7-7-7
Others -2-152537-38-16-242751-38
Net Cash Flow -0-0-001-1-000-0

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)-1.571.24-2.46-3.45.7310.017.9212.9224.1223.59
ROCE (%)2.575.592.262.636.5412.2713.0515.2424.0725.24
Asset Turnover Ratio0.520.270.220.270.330.650.670.590.330.27
PAT to CFO Conversion(x)N/A20N/AN/A0.8832.380.140.210.14
Working Capital Days
Receivable Days146.70177131125.30121.3049.4035.2037.6058.9062.20
Inventory Days6889.6077.6049.8075.3055.9046.3044.605241.60
Payable Days52.3072.6090.3090.70137.9069.6082.2093.50111104.80

Management X-Ray

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 (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

International Conveyors Ltd FAQs

The current trading price of International Convey on 24-Jun-2026 16:59 is ₹83.71.

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 23-Jun-2026 the market cap of International Convey stood at ₹533.9 Cr

The latest P/E ratio of International Convey as of 23-Jun-2026 is 7.84.

The latest P/B ratio of International Convey as of 23-Jun-2026 is 1.26.

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 ₹204 ( Cr.) .

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