International Conveyors Ltd
Incorporated in 1973, International Conveyors Limited (ICL) is engaged in the manufacturing and marketing of solid woven PVC covered conveyor belts. These belts are fire retardant, antistatic and are mainly used in underground mines for transportation of minerals such as Coal & Potash [1]
- Market Cap ₹ 590 Cr.
- Current Price ₹ 93.1
- High / Low ₹ 125 / 70.0
- Stock P/E 7.36
- Book Value ₹ 43.1
- Dividend Yield 1.18 %
- ROCE 23.8 %
- ROE 23.8 %
- Face Value ₹ 1.00
Pros
- Company has delivered good profit growth of 64.5% CAGR over last 5 years
- Company has been maintaining a healthy dividend payout of 25.9%
Cons
- The company has delivered a poor sales growth of 9.38% over past five years.
- Earnings include an other income of Rs.94.7 Cr.
- Debtor days have increased from 43.4 to 56.3 days.
- Working capital days have increased from 229 days to 365 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
Sector: Plantation & Plantation Products Industry: Miscellaneous
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 116 | 132 | 96 | 84 | 60 | 56 | 86 | 99 | 169 | 205 | 215 | 134 | 132 | |
| 92 | 115 | 91 | 86 | 54 | 59 | 86 | 88 | 149 | 186 | 186 | 113 | 111 | |
| Operating Profit | 25 | 17 | 5 | -2 | 6 | -3 | -0 | 11 | 20 | 20 | 29 | 21 | 21 |
| OPM % | 21% | 13% | 5% | -2% | 10% | -5% | -0% | 11% | 12% | 10% | 14% | 16% | 16% |
| 4 | 3 | 4 | 6 | 8 | 8 | 9 | 4 | 9 | 14 | 14 | 67 | 95 | |
| Interest | 6 | 5 | 5 | 6 | 6 | 7 | 10 | 10 | 5 | 4 | 4 | 9 | 10 |
| Depreciation | 7 | 6 | 5 | 3 | 3 | 3 | 2 | 2 | 2 | 2 | 2 | 2 | 2 |
| Profit before tax | 15 | 9 | -1 | -5 | 5 | -4 | -4 | 3 | 22 | 27 | 37 | 77 | 104 |
| Tax % | 29% | 48% | 269% | -13% | 34% | 46% | 41% | -98% | 25% | 40% | 23% | 19% | |
| 10 | 5 | -3 | -4 | 3 | -7 | -6 | 6 | 17 | 16 | 29 | 62 | 80 | |
| EPS in Rs | 1.55 | 0.70 | -0.44 | -0.66 | 0.49 | -1.10 | -0.85 | 0.94 | 2.46 | 2.40 | 4.36 | 9.84 | 12.65 |
| Dividend Payout % | 16% | 36% | -57% | -8% | 10% | -5% | -6% | 21% | 41% | 42% | 25% | 11% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 0% |
| 5 Years: | 9% |
| 3 Years: | -8% |
| TTM: | -35% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 29% |
| 5 Years: | 64% |
| 3 Years: | 52% |
| TTM: | 124% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 19% |
| 5 Years: | 24% |
| 3 Years: | 10% |
| 1 Year: | 14% |
| Return on Equity | |
|---|---|
| 10 Years: | 8% |
| 5 Years: | 14% |
| 3 Years: | 16% |
| Last Year: | 24% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 6 | 6 |
| Reserves | 68 | 71 | 68 | 62 | 117 | 143 | 140 | 116 | 147 | 210 | 209 | 267 |
| 53 | 55 | 58 | 58 | 40 | 65 | 102 | 63 | 46 | 20 | 65 | 125 | |
| 21 | 23 | 24 | 11 | 11 | 15 | 18 | 22 | 28 | 69 | 31 | 42 | |
| Total Liabilities | 149 | 155 | 157 | 138 | 176 | 230 | 266 | 207 | 228 | 305 | 311 | 439 |
| 33 | 28 | 24 | 23 | 21 | 19 | 17 | 15 | 17 | 17 | 16 | 15 | |
| CWIP | 1 | 2 | 3 | 1 | 1 | 1 | 1 | 1 | 0 | 0 | 0 | 0 |
| Investments | 32 | 32 | 42 | 42 | 101 | 143 | 170 | 102 | 147 | 119 | 157 | 252 |
| 82 | 92 | 88 | 71 | 52 | 67 | 78 | 89 | 64 | 168 | 138 | 172 | |
| Total Assets | 149 | 155 | 157 | 138 | 176 | 230 | 266 | 207 | 228 | 305 | 311 | 439 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 13 | 18 | 9 | 12 | 16 | -14 | 5 | 3 | 49 | 37 | 4 | 12 | |
| 6 | -13 | -8 | -3 | 7 | -4 | -32 | 46 | -26 | 1 | -18 | -48 | |
| -18 | -1 | -3 | -8 | -24 | 18 | 26 | -49 | -24 | -37 | 15 | 34 | |
| Net Cash Flow | 0 | 3 | -2 | 1 | -1 | 0 | -1 | 0 | -0 | 0 | 0 | -1 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 97 | 64 | 96 | 69 | 50 | 141 | 110 | 107 | 36 | 45 | 29 | 56 |
| Inventory Days | 145 | 108 | 159 | 128 | 198 | 138 | 74 | 220 | 90 | 88 | 71 | 161 |
| Days Payable | 104 | 73 | 93 | 51 | 75 | 128 | 80 | 108 | 77 | 111 | 69 | 113 |
| Cash Conversion Cycle | 139 | 99 | 162 | 146 | 173 | 151 | 104 | 220 | 50 | 22 | 31 | 105 |
| Working Capital Days | 156 | 134 | 193 | 203 | 226 | 291 | 181 | 175 | 58 | 165 | 157 | 365 |
| ROCE % | 16% | 11% | 3% | 0% | 7% | 1% | 3% | 7% | 14% | 14% | 16% | 24% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Change in Management
1 Oct - Re-appointment of Managing Director and new Independent Director.
- Shareholder Meeting / Postal Ballot-Scrutinizer''s Report 1 Oct
- Closure of Trading Window 27 Sep
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Announcement under Regulation 30 (LODR)-Change in Directorate
27 Sep - Cessation of independent directors after tenure completion.
- Shareholder Meeting / Postal Ballot-Outcome of AGM 27 Sep
Annual reports
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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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Financial Year 2010
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Concalls
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Sep 2024TranscriptNotesPPT
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Jun 2024TranscriptNotesPPT
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Feb 2024TranscriptNotesPPT
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Nov 2023TranscriptNotesPPT
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Sep 2023TranscriptNotesPPT
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Jun 2023TranscriptNotesPPT
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Feb 2023TranscriptNotesPPT
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Feb 2023TranscriptNotesPPT
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Nov 2022TranscriptNotesPPT
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Sep 2022TranscriptNotesPPT
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Jun 2022Transcript PPT
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Feb 2022TranscriptNotesPPT
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Nov 2021TranscriptNotesPPT
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Aug 2021TranscriptNotesPPT
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Jul 2021TranscriptNotesPPT
Leading Conveyor Belt Manufacturer[1]
ICL is one of the largest manufacturers of solid woven belting in the world and has a complete product range with the ability to make conveyors up to 3150 kN/m (type 18 width in strength and belt widths up to 1800 mm)