BSE: 509709 | NSE: INTLCONV | Engineering - Industrial Equipments | Small Cap
Past 10 year's financial track record analysis by Moneyworks4me indicates that International Conveyors Ltd is a average quality company.
The key valuation ratios of International Conveyors Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of International Conveyors Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | -0.1 | 0.1 | 0.7 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 97.4 | 75.6 | 47.2 | 48.5 | 77.8 | 91.3 | 166 | 205 | 208 | 138 | 116 |
| 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 | -0.3 | 0.1 | -0.6 | -0.9 | 0.8 | 1.9 | 2 | 4.4 | 9.1 | 13.4 |
| YoY Gr. | - | -150% | NA | -663.6% | NA | NA | 122.6% | 6.4% | 118.6% | 109.4% | - |
| BVPS (₹) ⓘ | 12.3 | 12 | 19.7 | 24.5 | 23.5 | 20.1 | 24.9 | 33.4 | 35.3 | 45.2 | 54.9 |
| Adj Net Profit ⓘ | 4.6 | -2.3 | 0.8 | -4.2 | -6.4 | 5.7 | 12.6 | 13.4 | 28.1 | 57.8 | 85 |
| Cash Flow from Ops. ⓘ | 10.7 | 13.2 | 20.3 | -9.4 | 3.4 | 7.3 | 45.4 | 37.7 | 3.9 | 12.9 | - |
| Debt/CF from Ops. ⓘ | 5.5 | 4.3 | 2 | -6.9 | 29.5 | 9.1 | 1.1 | 0.6 | 17.7 | 10 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 4% | 12.2% | -6% | -33.7% | ||||
| Adj EPS ⓘ | 33.4% | NA | 69.5% | 109.4% | ||||
| BVPSⓘ | 15.6% | 13.9% | 21.9% | 27.8% | ||||
| Share Price | 15.5% | 24.3% | 6% | -14.5% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 5.6 | -2.8 | 0.7 | -2.8 | -3.9 | 3.9 | 8.3 | 6.8 | 12.3 | 22.3 | 26.7 |
| Op. Profit Mgn % ⓘ | 13.9 | 4.2 | 10.3 | -0.7 | -1.1 | 9.9 | 12 | 9.6 | 14.1 | 15.6 | 15.1 |
| Net Profit Mgn % ⓘ | 4.7 | -3.1 | 1.6 | -8.7 | -8.2 | 6.2 | 7.6 | 6.6 | 13.5 | 41.8 | 73.3 |
| Debt to Equity ⓘ | 0.7 | 0.7 | 0.3 | 0.4 | 0.6 | 0.5 | 0.3 | 0.1 | 0.3 | 0.5 | 0 |
| Working Cap Days ⓘ | 275 | 334 | 537 | 578 | 453 | 411 | 204 | 244 | 311 | 473 | 524 |
| Cash Conv. Cycle ⓘ | 128 | 176 | 224 | 152 | 117 | 128 | 52 | 20 | 14 | 31 | 330 |
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%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 13.4 | 13.3 |
| TTM Sales (₹ Cr.) | 116 | 120 |
| BVPS (₹.) ⓘ | 54.9 | 52.5 |
| Reserves (₹ Cr.) ⓘ | 341 | 326 |
| P/BV ⓘ | 1.49 | 1.55 |
| PE ⓘ | 6.11 | 6.15 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 70.00 / 124.79 |
| All Time Low / High (₹) | 1.22 / 124.79 |
| Market Cap (₹ Cr.) | 517 |
| Equity (₹ Cr.) | 6.3 |
| Face Value (₹) | 1 |
| Industry PE ⓘ | 57.5 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 97 | 76 | 47 | 48 | 78 | 91 | 166 | 205 | 208 | 138 |
| Operating Expenses ⓘ | 85 | 72 | 42 | 49 | 79 | 82 | 146 | 186 | 179 | 117 |
| Manufacturing Costs | 11 | 9 | 6 | 6 | 13 | 16 | 21 | 24 | 25 | 14 |
| Material Costs | 55 | 47 | 24 | 29 | 50 | 42 | 95 | 131 | 125 | 73 |
| Employee Cost | 9 | 9 | 7 | 8 | 10 | 11 | 14 | 17 | 16 | 18 |
| Other Costs ⓘ | 10 | 7 | 5 | 6 | 6 | 13 | 16 | 13 | 13 | 12 |
| Operating Profit ⓘ | 13 | 3 | 5 | 0 | -1 | 9 | 20 | 19 | 29 | 22 |
| 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 ⓘ | 3 | 4 | 7 | 7 | 9 | 8 | 8 | 13 | 15 | 66 |
| Interest ⓘ | 5 | 6 | 6 | 7 | 10 | 10 | 5 | 5 | 4 | 9 |
| Depreciation ⓘ | 5 | 3 | 3 | 2 | 2 | 2 | 2 | 2 | 2 | 2 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 6 | -2 | 3 | -2 | -4 | 5 | 21 | 26 | 37 | 77 |
| Tax ⓘ | 2 | -1 | 1 | 2 | 2 | -3 | 5 | 10 | 8 | 15 |
| Profit After Tax | 4 | -1 | 1 | -4 | -6 | 8 | 15 | 16 | 29 | 62 |
| 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 | -0.2 | 0.2 | -0.5 | -0.8 | 1.3 | 2.3 | 2.3 | 4.5 | 9.8 |
| Dividend Payout Ratio (%) | 39% | -26% | 25% | -9% | -6% | 16% | 44% | 43% | 24% | 11% |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 83 | 81 | 133 | 165 | 159 | 136 | 168 | 226 | 229 | 286 |
| Share Capital ⓘ | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 6 | 6 |
| Reserves ⓘ | 76 | 74 | 126 | 158 | 152 | 129 | 162 | 219 | 222 | 280 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 55 | 56 | 40 | 65 | 102 | 66 | 49 | 23 | 68 | 129 |
| Long Term Debt | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Short Term Debt | 54 | 55 | 40 | 65 | 102 | 66 | 49 | 22 | 68 | 129 |
| Trade Payables | 14 | 8 | 5 | 9 | 16 | 16 | 20 | 39 | 25 | 19 |
| Others Liabilities ⓘ | 6 | 2 | 28 | 25 | 27 | 25 | 34 | 61 | 53 | 58 |
| Total Liabilities ⓘ | 157 | 146 | 206 | 265 | 303 | 243 | 271 | 348 | 375 | 493 |
Fixed Assets | ||||||||||
| Gross Block | 68 | 70 | 22 | 23 | 23 | 23 | 26 | 29 | 29 | 30 |
| Accumulated Depreciation | 45 | 48 | 3 | 5 | 7 | 9 | 11 | 13 | 15 | 16 |
| Net Fixed Assetsⓘ | 23 | 22 | 20 | 18 | 16 | 14 | 16 | 16 | 15 | 14 |
| CWIP ⓘ | 3 | 1 | 1 | 1 | 1 | 1 | 0 | 0 | 0 | 0 |
| Investmentsⓘ | 53 | 53 | 111 | 157 | 182 | 125 | 171 | 139 | 181 | 276 |
| Inventories | 17 | 12 | 11 | 10 | 11 | 27 | 24 | 28 | 23 | 17 |
| Trade Receivables | 31 | 32 | 15 | 22 | 31 | 29 | 16 | 24 | 20 | 26 |
| Cash Equivalents | 4 | 1 | 1 | 0 | 0 | 1 | 0 | 0 | 9 | 2 |
| Others Assetsⓘ | 27 | 24 | 47 | 57 | 62 | 45 | 45 | 139 | 127 | 157 |
| Total Assets ⓘ | 157 | 146 | 206 | 265 | 303 | 243 | 271 | 348 | 375 | 493 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 11 | 13 | 20 | -9 | 3 | 7 | 45 | 38 | 4 | 13 |
| PBT ⓘ | 6 | -2 | 3 | -2 | -4 | 5 | 21 | 26 | 37 | 77 |
| Adjustment ⓘ | 8 | 8 | 4 | 4 | 5 | 8 | 7 | 0 | 0 | -48 |
| Changes in Working Capital ⓘ | -2 | 8 | 13 | -11 | 2 | -6 | 23 | 20 | -25 | -9 |
| Tax Paid ⓘ | -2 | 0 | 0 | 0 | 0 | -1 | -5 | -8 | -9 | -7 |
| Cash Flow From Investing Activity ⓘ | -10 | -3 | 1 | -9 | -29 | 39 | -22 | 0 | -19 | -48 |
| Capex | -1 | -1 | 0 | 0 | -13 | 0 | -2 | -3 | 0 | -1 |
| Net Investments | -11 | -1 | 0 | -10 | -21 | 27 | -22 | 82 | -47 | -20 |
| Others ⓘ | 2 | -1 | 1 | 1 | 5 | 13 | 1 | -79 | 28 | -26 |
| Cash Flow From Financing Activityⓘ | -3 | -10 | -22 | 18 | 26 | -46 | -24 | -38 | 15 | 35 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Paid ⓘ | -5 | -6 | -6 | -6 | -11 | -7 | -7 | -7 | -5 | -9 |
| Dividend Paid ⓘ | -2 | -2 | 0 | 0 | 0 | 0 | -1 | -7 | -7 | -7 |
| Others ⓘ | 4 | -2 | -15 | 25 | 37 | -38 | -16 | -24 | 27 | 51 |
| Net Cash Flow ⓘ | -3 | 0 | 0 | 0 | 0 | 1 | -1 | 0 | 0 | 0 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 5.21 | -1.57 | 1.24 | -2.46 | -3.4 | 5.73 | 10.01 | 7.92 | 12.92 | 24.12 |
| ROCE (%) | 7.97 | 2.57 | 5.59 | 2.26 | 2.63 | 6.54 | 12.27 | 13.05 | 15.24 | 24.07 |
| Asset Turnover Ratio | 0.64 | 0.52 | 0.27 | 0.22 | 0.27 | 0.33 | 0.65 | 0.67 | 0.59 | 0.33 |
| PAT to CFO Conversion(x) | 2.75 | N/A | 20 | N/A | N/A | 0.88 | 3 | 2.38 | 0.14 | 0.21 | Working Capital Days |
| Receivable Days | 102 | 147 | 177 | 131 | 125 | 121 | 49 | 35 | 38 | 59 |
| Inventory Days | 64 | 68 | 90 | 78 | 50 | 75 | 56 | 46 | 45 | 52 |
| Payable Days | 60 | 52 | 73 | 90 | 91 | 138 | 70 | 82 | 94 | 111 |
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.
Achievements/ recognition:
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Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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