International Conveyors Ltd

Intl. Conveyors Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

International Conveyors Ltd

₹ 84.9 4.88%
19 May 11:28 a.m.
iclbelting.com BSE: 509709 NSE: INTLCONV
About

Incorporated in 1973, International Conveyors
Ltd is engaged in the manufacturing of Conveyor Belting[1]

Key Points

Business Overview:[1][2][3]
ICL is an ISO 9001:2015-certified company and India’s only listed player in PVC Conveyor Belting, a critical consumable for high-growth sectors like mining and bulk transportation of materials such as coal, potash, and salt.
- The company specializes in solid woven conveyor belting for both underground and above-ground applications.
- Its in-house design team manages the entire process, from preliminary system designs involving power and tension calculations to detailed design.
- In addition to its core manufacturing operations, ICL also engages in the trading of steel cord conveyor belts and fasteners.
- The company has a treasury segment that focuses on investments in equity instruments, inter-corporate deposits, and mutual funds.

Website BSE NSE
  • Market Cap ₹ 538 Cr.
  • Current Price ₹ 84.9
  • High / Low ₹ 111 / 61.2
  • Stock P/E 6.04
  • Book Value ₹ 54.9
  • Dividend Yield 1.31 %
  • ROCE 30.3 %
  • ROE 30.9 %
  • Face Value ₹ 1.00
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Pros

  • Company has reduced debt.
  • Company has delivered good profit growth of 67.9% CAGR over last 5 years

Cons

  • The company has delivered a poor sales growth of 9.05% over past five years.
  • Earnings include an other income of Rs.88.0 Cr.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Plantation & Plantation Products Industry: Miscellaneous

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
58.97 53.25 63.19 43.54 48.37 41.90 42.19 22.24 31.89 29.12 32.34 26.16 53.20
53.00 48.25 53.89 36.24 39.56 35.38 33.10 19.39 28.82 23.76 26.21 25.51 42.10
Operating Profit 5.97 5.00 9.30 7.30 8.81 6.52 9.09 2.85 3.07 5.36 6.13 0.65 11.10
OPM % 10.12% 9.39% 14.72% 16.77% 18.21% 15.56% 21.55% 12.81% 9.63% 18.41% 18.95% 2.48% 20.86%
5.26 3.12 2.98 3.49 4.09 14.44 21.34 23.23 7.34 42.31 31.82 29.14 -15.23
Interest 0.60 0.62 0.86 1.56 1.30 2.30 2.59 2.31 2.12 2.85 2.27 1.73 1.96
Depreciation 0.60 0.54 0.59 0.57 0.57 0.46 0.47 0.49 0.51 0.43 0.44 0.45 0.42
Profit before tax 10.03 6.96 10.83 8.66 11.03 18.20 27.37 23.28 7.78 44.39 35.24 27.61 -6.51
Tax % 73.08% 2.59% 26.04% 20.55% 30.37% 19.73% 18.89% 18.04% 19.79% 29.20% 20.83% 27.06% -50.54%
2.70 6.78 8.01 6.88 7.68 14.61 22.20 19.08 6.24 31.43 27.90 20.14 -3.22
EPS in Rs 0.40 1.00 1.19 1.03 1.17 2.31 3.50 3.01 0.98 4.96 4.40 3.18 -0.51
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
135 97 76 47 48 78 91 166 205 208 138 141
114 85 72 42 49 79 82 146 185 178 117 118
Operating Profit 21 13 3 5 -0 -1 9 20 20 30 22 23
OPM % 16% 13% 4% 10% -1% -1% 10% 12% 10% 15% 16% 16%
2 3 4 7 7 9 8 8 13 14 66 88
Interest 5 5 6 6 7 10 10 5 5 4 9 9
Depreciation 6 5 3 3 2 2 2 2 2 2 2 2
Profit before tax 13 6 -2 3 -2 -4 5 21 26 37 77 101
Tax % 34% 31% -39% 51% 76% 41% -61% 26% 40% 22% 19% 24%
8 4 -1 1 -4 -6 8 15 16 29 62 76
EPS in Rs 1.24 0.63 -0.19 0.20 -0.54 -0.81 1.25 2.25 2.31 4.45 9.80 12.03
Dividend Payout % 20% 39% -26% 25% -9% -6% 16% 44% 43% 24% 11% 0%
Compounded Sales Growth
10 Years: 4%
5 Years: 9%
3 Years: -12%
TTM: 2%
Compounded Profit Growth
10 Years: 35%
5 Years: 68%
3 Years: 79%
TTM: 54%
Stock Price CAGR
10 Years: 8%
5 Years: 31%
3 Years: 7%
1 Year: -5%
Return on Equity
10 Years: 11%
5 Years: 18%
3 Years: 23%
Last Year: 31%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 7 7 7 7 7 7 7 7 7 6 6 6
Reserves 74 76 74 126 158 152 129 162 221 223 281 341
55 58 56 40 65 102 66 49 23 68 129 96
19 16 10 11 12 21 22 26 62 31 35 57
Total Liabilities 155 158 147 183 242 281 224 245 313 329 452 501
28 23 22 20 18 16 14 16 16 15 14 13
CWIP 2 3 1 1 1 1 1 0 0 0 0 0
Investments 42 53 53 111 157 182 125 171 139 181 276 273
82 79 71 52 67 82 83 58 157 133 162 214
Total Assets 155 158 147 183 242 281 224 245 313 329 452 501

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
23 11 13 20 -9 3 7 45 38 4 13 11
-25 -10 -3 1 -9 -29 39 -22 -0 -19 -48 43
4 -3 -10 -22 18 26 -46 -24 -38 15 35 -54
Net Cash Flow 3 -3 -0 -0 -0 0 1 -1 -0 0 0 -0

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 69 116 154 116 165 148 117 35 43 34 70
Inventory Days 88 111 95 177 131 78 232 92 79 68 86
Days Payable 71 90 58 80 116 114 141 77 109 73 97
Cash Conversion Cycle 86 137 191 213 180 112 208 50 13 30 60
Working Capital Days 118 193 245 305 376 210 170 53 159 157 346
ROCE % 14% 8% 2% 5% 2% 3% 6% 12% 13% 15% 23%

Shareholding Pattern

Numbers in percentages

19 Recently
Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
66.33% 66.33% 66.74% 67.95% 70.65% 70.65% 69.18% 68.60% 68.61% 68.61% 68.60% 69.13%
3.18% 0.15% 0.05% 0.04% 0.07% 0.06% 0.01% 0.04% 0.01% 0.01% 0.00% 0.02%
30.49% 33.52% 33.22% 32.01% 29.29% 29.28% 30.80% 31.35% 31.39% 31.38% 31.40% 30.85%
No. of Shareholders 19,77520,94020,33019,09117,94221,10429,52240,01938,46047,56144,22342,920

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Documents

Announcements

Annual reports

Credit ratings

Concalls

  • Mar 2025
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  • Jan 2025
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  • Sep 2024
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  • Feb 2024
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  • Nov 2023
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  • Feb 2023
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  • Nov 2022
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  • Sep 2022
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  • Jun 2022
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  • Feb 2022
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  • Nov 2021
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  • Aug 2021
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  • Jul 2021
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