International Conveyors Ltd
₹ 86.3
0.74%
09 Dec
- close price
About
Incorporated in 1973, International Conveyors
Ltd is engaged in the manufacturing of Conveyor Belting[1]
Key Points
- Market Cap ₹ 547 Cr.
- Current Price ₹ 86.3
- High / Low ₹ 115 / 61.2
- Stock P/E 8.74
- Book Value ₹ 61.5
- Dividend Yield 0.87 %
- ROCE 26.7 %
- ROE 25.0 %
- Face Value ₹ 1.00
Pros
- Company is expected to give good quarter
- Company has delivered good profit growth of 64.9% 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.47.3 Cr.
- Working capital days have increased from 69.0 days to 163 days
* 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
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Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
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 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 135 | 97 | 76 | 47 | 48 | 78 | 91 | 166 | 205 | 208 | 138 | 141 | 153 | |
| 114 | 85 | 72 | 42 | 49 | 79 | 82 | 146 | 185 | 178 | 117 | 118 | 126 | |
| Operating Profit | 21 | 13 | 3 | 5 | -0 | -1 | 9 | 20 | 20 | 30 | 22 | 23 | 27 |
| OPM % | 16% | 13% | 4% | 10% | -1% | -1% | 10% | 12% | 10% | 15% | 16% | 16% | 18% |
| 2 | 3 | 4 | 7 | 7 | 9 | 8 | 8 | 13 | 14 | 66 | 88 | 47 | |
| Interest | 5 | 5 | 6 | 6 | 7 | 10 | 10 | 5 | 5 | 4 | 9 | 9 | 8 |
| Depreciation | 6 | 5 | 3 | 3 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 |
| Profit before tax | 13 | 6 | -2 | 3 | -2 | -4 | 5 | 21 | 26 | 37 | 77 | 101 | 64 |
| 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 | 50 | |
| 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 | 7.95 |
| Dividend Payout % | 20% | 39% | -26% | 25% | -9% | -6% | 16% | 44% | 43% | 24% | 11% | 6% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 4% |
| 5 Years: | 9% |
| 3 Years: | -12% |
| TTM: | 32% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 34% |
| 5 Years: | 65% |
| 3 Years: | 73% |
| TTM: | -26% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 12% |
| 5 Years: | 22% |
| 3 Years: | 14% |
| 1 Year: | 1% |
| Return on Equity | |
|---|---|
| 10 Years: | 11% |
| 5 Years: | 17% |
| 3 Years: | 21% |
| Last Year: | 25% |
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 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 6 | 6 | 6 | 6 |
| Reserves | 74 | 76 | 74 | 126 | 158 | 152 | 129 | 162 | 221 | 223 | 281 | 355 | 383 |
| 55 | 58 | 56 | 40 | 65 | 102 | 66 | 49 | 23 | 68 | 129 | 91 | 123 | |
| 19 | 16 | 10 | 11 | 12 | 21 | 22 | 26 | 62 | 31 | 35 | 51 | 50 | |
| Total Liabilities | 155 | 158 | 147 | 183 | 242 | 281 | 224 | 245 | 313 | 329 | 452 | 503 | 563 |
| 28 | 23 | 22 | 20 | 18 | 16 | 14 | 16 | 16 | 15 | 14 | 13 | 12 | |
| CWIP | 2 | 3 | 1 | 1 | 1 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 42 | 53 | 53 | 111 | 157 | 182 | 125 | 171 | 139 | 181 | 276 | 306 | 337 |
| 82 | 79 | 71 | 52 | 67 | 82 | 83 | 58 | 157 | 133 | 162 | 184 | 213 | |
| Total Assets | 155 | 158 | 147 | 183 | 242 | 281 | 224 | 245 | 313 | 329 | 452 | 503 | 563 |
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 | 57 |
| Inventory Days | 88 | 111 | 95 | 177 | 131 | 78 | 232 | 92 | 79 | 68 | 86 | 75 |
| Days Payable | 71 | 90 | 58 | 80 | 116 | 114 | 141 | 77 | 109 | 73 | 97 | 114 |
| Cash Conversion Cycle | 86 | 137 | 191 | 213 | 180 | 112 | 208 | 50 | 13 | 30 | 60 | 18 |
| Working Capital Days | -6 | -10 | -23 | -6 | -113 | -267 | -94 | -54 | 119 | 38 | 6 | 163 |
| ROCE % | 14% | 8% | 2% | 5% | 2% | 3% | 6% | 12% | 13% | 15% | 23% | 27% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Acquisition
26 Nov - Acquired 121,540 shares of Ganesha Ecosphere Ltd for Rs 11.28 Crore on November 26, 2025.
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Intimation Of In-Principal Approval Received From NSE For Listing Of Up To A Maximum Of 33,75,000 Equity Shares Of Re. 1/- Each Of International Conveyors Limited ('The Company') To Be Issued Under ICL Employee Stock Option Plan 2020.
22 Nov - NSE granted in-principle approval to list up to 3,375,000 ESOP equity shares on Nov 20, 2025.
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
14 Nov - Newspaper publication for the unaudited financial results for the quarter and half year ended September 30, 2025.
- Financial Results For The Quarter And Half Year Ended September 30, 2025. 13 Nov
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Board Meeting Outcome for Outcome Of Board Meeting Held On 13.11.2025
13 Nov - Approved unaudited standalone and consolidated results for quarter/half-year ended Sep 30, 2025.
Annual reports
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Financial Year 2025
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Concalls
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Jun 2025TranscriptAI SummaryPPT
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Mar 2025TranscriptAI SummaryPPT
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Jan 2025TranscriptAI SummaryPPT
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Sep 2024TranscriptAI SummaryPPT
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Jun 2024TranscriptAI SummaryPPT
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Feb 2024TranscriptAI SummaryPPT
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Nov 2023TranscriptAI SummaryPPT
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Sep 2023TranscriptAI SummaryPPT
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Jun 2023TranscriptAI SummaryPPT
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Feb 2023TranscriptAI SummaryPPT
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Feb 2023TranscriptAI SummaryPPT
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Nov 2022TranscriptAI SummaryPPT
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Sep 2022TranscriptAI SummaryPPT
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Jun 2022Transcript PPT
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Feb 2022TranscriptAI SummaryPPT
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Nov 2021TranscriptAI SummaryPPT
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Aug 2021TranscriptAI SummaryPPT
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Jul 2021TranscriptAI SummaryPPT
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.