International Conveyors Ltd - Stock Valuation and Financial Performance

BSE: 509709 | NSE: INTLCONV | Engineering - Industrial Equipments | Small Cap

International Convey Share Price

85.21 -0.65 -0.76%
as on 20-Dec'24 16:59

DeciZen - make an informed investing decision on International Convey

Overall Rating
Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

Semi Strong

International Conveyors stock performance -

mw4me loader
P/E Ratio (SA):
6.38
Market Cap:
540.1 Cr.
52-wk low:
70
52-wk high:
124.8

Is International Conveyors Ltd an attractive stock to invest in?

1. Is International Conveyors Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that International Conveyors Ltd is a average quality company.

2. Is International Conveyors Ltd undervalued or overvalued?

The key valuation ratios of International Conveyors Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is International Conveyors Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of International Conveyors Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of International Convey:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
International Conveyors Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % 8%2.6%5.6%2.3%2.6%6.5%12.3%13.1%15.2%24.1%-
Value Creation
Index
-0.4-0.8-0.6-0.8-0.8-0.5-0.1-0.10.10.7-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 97.475.647.248.577.891.3166205208138116
Sales YoY Gr.--22.4%-37.6%2.7%60.5%17.4%82.1%23.4%1.6%-33.7%-
Adj EPS 0.7-0.30.1-0.6-0.90.81.924.49.113.4
YoY Gr.--150%NA-663.6%NANA122.6%6.4%118.6%109.4%-
BVPS (₹) 12.31219.724.523.520.124.933.435.345.254.9
Adj Net
Profit
4.6-2.30.8-4.2-6.45.712.613.428.157.885
Cash Flow from Ops. 10.713.220.3-9.43.47.345.437.73.912.9-
Debt/CF from Ops. 5.54.32-6.929.59.11.10.617.710-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 4%12.2%-6%-33.7%
Adj EPS 33.4%NA69.5%109.4%
BVPS15.6%13.9%21.9%27.8%
Share Price 12.2% 28% 5.2% -10.2%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
5.6-2.80.7-2.8-3.93.98.36.812.322.326.7
Op. Profit
Mgn %
13.94.210.3-0.7-1.19.9129.614.115.615.1
Net Profit
Mgn %
4.7-3.11.6-8.7-8.26.27.66.613.541.873.3
Debt to
Equity
0.70.70.30.40.60.50.30.10.30.50
Working Cap
Days
275334537578453411204244311473524
Cash Conv.
Cycle
12817622415211712852201431330

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 26.70%

Net Profit is growing at healthy rate in last 3 years 69.52%

Sales growth has been subdued in last 3 years -5.96%

Sales growth is not so good in last 4 quarters at -34.21%

Latest Financials - International Conveyors Ltd.

Standalone Consolidated
TTM EPS (₹) 13.4 13.3
TTM Sales (₹ Cr.) 116 120
BVPS (₹.) 54.9 52.5
Reserves (₹ Cr.) 339 326
P/BV 1.55 1.62
PE 6.38 6.42
From the Market
52 Week Low / High (₹) 70.00 / 124.79
All Time Low / High (₹) 1.22 / 124.79
Market Cap (₹ Cr.) 540
Equity (₹ Cr.) 6.3
Face Value (₹) 1
Industry PE 59.3

Management X-Ray of International Convey:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of International Convey

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales977647487891166205208138
Operating Expenses 857242497982146186179117
Manufacturing Costs11966131621242514
Material Costs5547242950429513112573
Employee Cost 9978101114171618
Other Costs 1075661316131312
Operating Profit 13350-1920192922
Operating Profit Margin (%) 12.9%4.2%10.3%-0.7%-1.1%9.9%12.0%9.5%14.0%15.6%
Other Income 3477988131566
Interest 566710105549
Depreciation 5332222222
Exceptional Items 0000000000
Profit Before Tax 6-23-2-4521263777
Tax 2-1122-3510815
Profit After Tax 4-11-4-6815162962
PAT Margin (%) 4.4%-1.7%2.8%-7.5%-7.1%9.2%9.2%7.6%14.1%44.9%
Adjusted EPS (₹)0.6-0.20.2-0.5-0.81.32.32.34.59.8
Dividend Payout Ratio (%)39%-26%25%-9%-6%16%44%43%24%11%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund 8381133165159136168226229286
Share Capital 7777777766
Reserves 7674126158152129162219222280
Minority Interest0000000000
Debt5556406510266492368129
Long Term Debt1000000000
Short Term Debt5455406510266492268129
Trade Payables14859161620392519
Others Liabilities 622825272534615358
Total Liabilities 157146206265303243271348375493

Fixed Assets

Gross Block68702223232326292930
Accumulated Depreciation4548357911131516
Net Fixed Assets23222018161416161514
CWIP 3111110000
Investments 5353111157182125171139181276
Inventories17121110112724282317
Trade Receivables31321522312916242026
Cash Equivalents 4110010092
Others Assets27244757624545139127157
Total Assets 157146206265303243271348375493

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity 111320-9374538413
PBT 6-23-2-4521263777
Adjustment 884458700-48
Changes in Working Capital -2813-112-62320-25-9
Tax Paid -20000-1-5-8-9-7
Cash Flow From Investing Activity -10-31-9-2939-220-19-48
Capex -1-100-130-2-30-1
Net Investments -11-10-10-2127-2282-47-20
Others 2-1115131-7928-26
Cash Flow From Financing Activity -3-10-221826-46-24-381535
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000000000
Interest Paid -5-6-6-6-11-7-7-7-5-9
Dividend Paid -2-20000-1-7-7-7
Others 4-2-152537-38-16-242751
Net Cash Flow -300001-1000
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)5.21-1.571.24-2.46-3.45.7310.017.9212.9224.12
ROCE (%)7.972.575.592.262.636.5412.2713.0515.2424.07
Asset Turnover Ratio0.640.520.270.220.270.330.650.670.590.33
PAT to CFO Conversion(x)2.75N/A20N/AN/A0.8832.380.140.21
Working Capital Days
Receivable Days10214717713112512149353859
Inventory Days64689078507556464552
Payable Days6052739091138708294111

International Conveyors Ltd Stock News

International Conveyors Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of International Convey on 20-Dec-2024 16:59 is ₹85.21.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 20-Dec-2024 16:59 the market cap of International Convey stood at ₹540.0.
The latest P/E ratio of International Convey as of 20-Dec-2024 16:59 is 6.38.
The latest P/B ratio of International Convey as of 20-Dec-2024 16:59 is 1.55.
The 52-week high of International Convey is ₹124.8 and the 52-week low is ₹70.00.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of International Convey is ₹115.6 ( Cr.) .

About International Conveyors Ltd

International Conveyors (IC) was incorporated in 1973 by two Kolkata (INDIA) based entrepreneurs - R.K. Dabriwala and Anver Hussain. Commercial production in Aurangabad plant started in 1978-79.

International Conveyors Limited is engaged in manufacturing and marketing of solid woven fabric reinforced PVC impregnated and PVC covered fire retardant, anti static conveyor belting. It enjoys around 45% share of the Indian PVC mine conveyor belt market. Purchases in India are made through global and domestic tenders and ICL has demonstrated time and again its global competitiveness.

Besides producing for Indian market, ICL also produces and exports large volume of PVC Belts to USA, Canada, South Africa and Australia.

ICL has developed PVC conveyor belting, tailor made to meet USMSHA (Mine safety and Health Administration), CAN CSA (Canadian Standards Association), Test Safe Australia (Australian Standard) and SABS (South African Bureau of Standards) requirements, besides DGMS (Directorate General of Mines Safety), India.

ICL has one of the best conveyor belting test facilities. A fully equipped test laboratory conducts test of incoming raw material & all finished products, including tests for flame, static conductivity, drum-friction, limited oxygen index, etc. Besides, physical tests like tensile strength, elongation, tear, adhesion, fastener holding, through ability, finished belt and cover thickness etc., are also done as routine tests.

Product range of the company includes:

ICL is one of the major suppliers of underground PVC Belting for carrying Coal & Potash.

  • Solid woven fabric reinforced PVC impregnated
  • PVC covered fire retardant
  • Anti static conveyor belting

Achievements/ recognition:

  • An ISO, 9001:2000 certified company.
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