International Conveyors Ltd
₹ 80.7
-1.27%
03 Jun
- close price
About
Incorporated in 1973, International Conveyors
Ltd is engaged in the manufacturing of Conveyor Belting[1]
Key Points
- Market Cap ₹ 517 Cr.
- Current Price ₹ 80.7
- High / Low ₹ 115 / 59.8
- Stock P/E 7.60
- Book Value ₹ 66.4
- Dividend Yield 0.93 %
- ROCE 20.4 %
- ROE 17.3 %
- Face Value ₹ 1.00
Pros
- Company is expected to give good quarter
- Company has delivered good profit growth of 34.9% CAGR over last 5 years
Cons
- The company has delivered a poor sales growth of 4.15% over past five years.
- Earnings include an other income of Rs.58.4 Cr.
- Working capital days have increased from 282 days to 677 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
Industrials Capital Goods Industrial Manufacturing Industrial Products
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Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 97 | 76 | 47 | 48 | 78 | 91 | 166 | 205 | 208 | 138 | 141 | 204 | |
| 85 | 72 | 42 | 49 | 79 | 82 | 146 | 185 | 178 | 117 | 118 | 163 | |
| Operating Profit | 13 | 3 | 5 | -0 | -1 | 9 | 20 | 20 | 30 | 22 | 23 | 40 |
| OPM % | 13% | 4% | 10% | -1% | -1% | 10% | 12% | 10% | 15% | 16% | 16% | 20% |
| 3 | 4 | 7 | 7 | 9 | 8 | 8 | 13 | 14 | 66 | 88 | 58 | |
| Interest | 5 | 6 | 6 | 7 | 10 | 10 | 5 | 5 | 4 | 9 | 9 | 9 |
| Depreciation | 5 | 3 | 3 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 |
| Profit before tax | 6 | -2 | 3 | -2 | -4 | 5 | 21 | 26 | 37 | 77 | 101 | 89 |
| Tax % | 31% | -39% | 51% | 76% | 41% | -61% | 26% | 40% | 22% | 19% | 24% | 23% |
| 4 | -1 | 1 | -4 | -6 | 8 | 15 | 16 | 29 | 62 | 76 | 68 | |
| EPS in Rs | 0.63 | -0.19 | 0.20 | -0.54 | -0.81 | 1.25 | 2.25 | 2.31 | 4.45 | 9.80 | 12.03 | 10.67 |
| Dividend Payout % | 39% | -26% | 25% | -9% | -6% | 16% | 44% | 43% | 24% | 11% | 6% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 10% |
| 5 Years: | 4% |
| 3 Years: | -1% |
| TTM: | 45% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 41% |
| 5 Years: | 35% |
| 3 Years: | 33% |
| TTM: | -16% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 16% |
| 5 Years: | 9% |
| 3 Years: | 14% |
| 1 Year: | -2% |
| Return on Equity | |
|---|---|
| 10 Years: | 13% |
| 5 Years: | 18% |
| 3 Years: | 21% |
| Last Year: | 17% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 6 | 6 | 6 | 6 |
| Reserves | 76 | 74 | 126 | 158 | 152 | 129 | 162 | 221 | 223 | 281 | 355 | 417 |
| 58 | 56 | 40 | 65 | 102 | 66 | 49 | 23 | 68 | 129 | 91 | 78 | |
| 16 | 10 | 11 | 12 | 21 | 22 | 26 | 62 | 31 | 35 | 51 | 65 | |
| Total Liabilities | 158 | 147 | 183 | 242 | 281 | 224 | 245 | 313 | 329 | 452 | 503 | 566 |
| 23 | 22 | 20 | 18 | 16 | 14 | 16 | 16 | 15 | 14 | 13 | 14 | |
| CWIP | 3 | 1 | 1 | 1 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 53 | 53 | 111 | 157 | 182 | 125 | 171 | 139 | 181 | 276 | 306 | 335 |
| 79 | 71 | 52 | 67 | 82 | 83 | 58 | 157 | 133 | 162 | 184 | 217 | |
| Total Assets | 158 | 147 | 183 | 242 | 281 | 224 | 245 | 313 | 329 | 452 | 503 | 566 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 11 | 13 | 20 | -9 | 3 | 7 | 45 | 38 | 4 | 13 | 11 | 33 | |
| -10 | -3 | 1 | -9 | -29 | 39 | -22 | -0 | -19 | -48 | 43 | -5 | |
| -3 | -10 | -22 | 18 | 26 | -46 | -24 | -38 | 15 | 35 | -54 | -25 | |
| Net Cash Flow | -3 | -0 | -0 | -0 | 0 | 1 | -1 | -0 | 0 | 0 | -0 | 2 |
| Free Cash Flow | 10 | 12 | 20 | -10 | -10 | 7 | 43 | 35 | 4 | 12 | 10 | 30 |
| CFO/OP | 98% | 423% | 419% | 2,671% | -432% | 87% | 251% | 234% | 42% | 90% | 75% | 114% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 116 | 154 | 116 | 165 | 148 | 117 | 35 | 43 | 34 | 70 | 57 | 53 |
| Inventory Days | 111 | 95 | 177 | 131 | 78 | 232 | 92 | 79 | 68 | 86 | 75 | 85 |
| Days Payable | 90 | 58 | 80 | 116 | 114 | 141 | 77 | 109 | 73 | 97 | 114 | 91 |
| Cash Conversion Cycle | 137 | 191 | 213 | 180 | 112 | 208 | 50 | 13 | 30 | 60 | 18 | 47 |
| Working Capital Days | -10 | -23 | -6 | -113 | -267 | -94 | -54 | 119 | 38 | 6 | 163 | 677 |
| ROCE % | 8% | 2% | 5% | 2% | 3% | 6% | 12% | 13% | 15% | 23% | 27% | 20% |
Insights
In beta| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Installed Manufacturing Capacity (Conveyor Belting) Meters per annum |
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| Renewable Energy Generation (Wind) Kwh Units |
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| Production Volume (Conveyor Belting) Meters |
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| Domestic Market Share (Underground PVC Conveyor Belt) % |
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| Sales Volume (Conveyor Belting Sales) Meters |
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| Plant Operating Efficiency % |
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Documents
Announcements
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Compliances-Reg.24(A)-Annual Secretarial Compliance
27 May - International Conveyors filed FY2025-26 Secretarial Compliance Report on May 27, 2026; no non-compliances noted.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
21 May - Pursuant to Regulation 30 of the SEBI (LODR) Regulations, 2015 (as amended) (the "Listing Regulations") read with Part A, Para A of Schedule III thereto, …
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Announcement under Regulation 30 (LODR)-Change in Management
20 May - Board re-appointed Lodha & Co. LLP as internal auditors for FY 2026-27 on May 20, 2026.
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Corporate Action-Board approves Dividend
20 May - FY26 audited standalone and consolidated results approved; final dividend Rs 0.50 per share recommended.
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Financial Results For The Quarter And Year Ended March 31, 2026
20 May - International Conveyors reported audited FY26 standalone and consolidated results; ESOP allotment raised equity to 6.378 crore shares.
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.