International Conveyors Ltd

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

International Conveyors Ltd

₹ 88.4 -0.17%
23 Apr 3:27 p.m.
iclbelting.com BSE: 509709 NSE : INTLCONV
About

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]

Key Points

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)

Website BSE NSE
  • Market Cap ₹ 560 Cr.
  • Current Price ₹ 88.4
  • High / Low ₹ 125 / 52.1
  • Stock P/E 8.74
  • Book Value ₹ 39.9
  • Dividend Yield 1.23 %
  • ROCE 15.6 %
  • ROE 13.0 %
  • Face Value ₹ 1.00
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Pros

  • Company has delivered good profit growth of 42.0% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 35.7%
  • Debtor days have improved from 36.8 to 29.2 days.

Cons

  • Promoter holding has decreased over last quarter: -0.58%
  • Company has a low return on equity of 11.3% over last 3 years.
  • Earnings include an other income of Rs.62.5 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

Consolidated Figures in Rs. Crores / View Standalone

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
44 54 32 51 64 58 56 66 44 49 43 43 23
34 51 27 50 57 52 51 58 38 40 37 33 19
Operating Profit 10 3 5 2 7 6 5 8 7 9 6 9 4
OPM % 24% 5% 15% 3% 11% 10% 9% 13% 15% 19% 14% 22% 16%
3 3 1 2 5 5 3 3 4 4 14 22 23
Interest 1 1 1 1 1 0 1 1 1 1 2 2 2
Depreciation 0 1 0 1 0 1 1 1 1 1 0 0 0
Profit before tax 11 4 5 2 10 10 7 10 8 11 18 28 24
Tax % 19% 39% 0% 56% 22% 73% 3% 29% 21% 31% 20% 19% 18%
9 3 5 1 8 3 7 7 7 8 14 23 19
EPS in Rs 1.37 0.37 0.70 0.11 1.18 0.41 1.03 1.07 0.99 1.19 2.23 3.61 3.05
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
97 116 132 96 84 60 56 86 99 169 205 215 157
82 92 115 91 86 54 59 86 88 149 186 186 128
Operating Profit 15 25 17 5 -2 6 -3 -0 11 20 20 29 28
OPM % 16% 21% 13% 5% -2% 10% -5% -0% 11% 12% 10% 14% 18%
10 4 3 4 6 8 8 9 4 9 14 14 62
Interest 6 6 5 5 6 6 7 10 10 5 4 4 8
Depreciation 5 7 6 5 3 3 3 2 2 2 2 2 2
Profit before tax 14 15 9 -1 -5 5 -4 -4 3 22 27 37 81
Tax % 29% 29% 48% -269% 13% 34% -46% -41% -98% 25% 40% 23%
10 10 5 -3 -4 3 -7 -6 6 17 16 29 64
EPS in Rs 1.51 1.55 0.70 -0.44 -0.66 0.49 -1.10 -0.85 0.94 2.46 2.40 4.36 10.08
Dividend Payout % 17% 16% 36% -57% -8% 10% -5% -6% 21% 41% 42% 25%
Compounded Sales Growth
10 Years: 6%
5 Years: 31%
3 Years: 30%
TTM: -30%
Compounded Profit Growth
10 Years: 10%
5 Years: 42%
3 Years: 50%
TTM: 172%
Stock Price CAGR
10 Years: 19%
5 Years: 25%
3 Years: 25%
1 Year: 50%
Return on Equity
10 Years: 4%
5 Years: 8%
3 Years: 11%
Last Year: 13%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 7 7 7 7 7 7 7 7 7 7 7 6 6
Reserves 60 68 71 68 62 117 143 140 116 147 210 209 247
63 53 55 58 58 40 65 102 63 46 20 65 120
21 21 23 24 11 11 15 18 22 28 69 31 34
Total Liabilities 151 149 155 157 138 176 230 266 207 228 305 311 407
38 33 28 24 23 21 19 17 15 17 17 16 15
CWIP 2 1 2 3 1 1 1 1 1 0 0 0 0
Investments 2 32 32 42 42 101 143 170 102 147 119 157 245
109 82 92 88 71 52 67 78 89 64 168 138 146
Total Assets 151 149 155 157 138 176 230 266 207 228 305 311 407

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
8 13 18 9 12 16 -14 5 3 49 37 4
-11 6 -13 -8 -3 7 -4 -32 46 -26 1 -18
2 -18 -1 -3 -8 -24 18 26 -49 -24 -37 15
Net Cash Flow -0 0 3 -2 1 -1 0 -1 0 -0 0 0

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 131 97 64 96 69 50 141 110 107 36 45 29
Inventory Days 91 145 108 159 128 198 138 74 220 90 88 71
Days Payable 97 104 73 93 51 75 128 80 108 77 111 69
Cash Conversion Cycle 125 139 99 162 146 173 151 104 220 50 22 31
Working Capital Days 187 156 134 193 203 226 291 181 175 58 165 157
ROCE % 16% 11% 3% 0% 7% 1% 3% 7% 14% 14% 16%

Shareholding Pattern

Numbers in percentages

24 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
61.74% 63.44% 64.36% 65.97% 66.33% 66.33% 66.74% 67.95% 70.65% 70.65% 69.18% 68.60%
17.70% 12.38% 10.36% 4.63% 3.18% 0.15% 0.05% 0.04% 0.07% 0.06% 0.01% 0.04%
20.56% 24.18% 25.28% 29.40% 30.49% 33.52% 33.22% 32.01% 29.29% 29.28% 30.80% 31.35%
No. of Shareholders 4,1897,6949,81919,11919,77520,94020,33019,09117,94221,10429,52240,019

* 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.

Click on the line-items to see the names of individual entities.

Documents

Announcements

Annual reports

Credit ratings

Concalls

  • Feb 2024
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  • Nov 2023
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  • Nov 2021
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  • Jul 2021
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