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International Conveyors Limited (INTLCONV) · mywealthgrid

About

International Conveyors operates in Industrial Products within the Industrials sector. As a smaller-cap player (₹504.4 Cr market cap) with quarterly revenues ranging ₹33–97 Cr, the company exhibits a cyclical or project-driven business model. Operating margin of 18.87% and ROE of 17.4% indicate reasonable profitability, though net profit volatility (from +₹52 Cr to -₹18 Cr over recent quarters) warrants investigation.

Face value: ₹1

Market cap

₹511 Cr

P/E

3.8×

P/B

1.2×

Dividend yield

0.6%

ROE

17.4%

ROCE

22.7%

Debt / equity

0.17

OPM

18.9%

EPS (TTM)

₹21.3

Book value

₹66.5

52-week high

₹110.7

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Net profit swung +₹52 Cr to -₹18 Cr while OPM stayed 15–24%, indicating non-operating items or working capital stress masking core performance
Quarterly revenue is highly volatile (₹33–97 Cr), suggesting project-based execution with potential customer concentration
Minimal institutional participation (FII 0.62%, DII 0.52%) suggests limited analyst coverage and liquidity constraints
1-year return of -7.35% and 52-week range ₹60–₹110 reflect sustained investor skepticism; verify if this reflects temporary setback or structural earnings concerns

Generated analysis · source review pending

Growth drivers

Revenue expanded from ₹33.53 Cr (Jun 2025) to ₹97.03 Cr (Mar 2026); verify if sustained or driven by customer/project concentration
Operating margin of 18.87% (quarterly range 15–25%) is stable; verify whether scale or pricing improvements can expand absolute profits
D/E of 0.17 provides debt capacity for capex; verify capital intensity and ROI expectations for industrial manufacturing
ROE of 17.4% shows efficient capital deployment; if net profit volatility resolves, reinvestment could compound shareholder value

Generated analysis · source review pending

₹80.0-17.7%1Y

Beta

1.24

Amplifies index moves

Volatility (1y)

34.6%

Annualised, daily returns

RSI (14)

59.2

Neither overbought nor oversold

Rel. strength (1y)

-29.3%

Behind the market

Beta is measured against NIFTY 50 over three years of weekly returns — 1 moves with the index, above 1 amplifies it, below 1 damps it.

Quick read

rule-based

Pros

+Strong return on equity of 24% (3-yr avg)
+High return on capital employed of 31.4%
+Profit CAGR of 32.7% over the last 5 years
+Comfortable interest coverage of 11.6×
+High promoter holding of 70.2% with no pledge

Cons

−Modest revenue growth of 4.7% a year over the last 5 years
−Low dividend payout of 2.3% of profit

Research score

Structured signal from quality, growth, valuation and momentum.

58/100

Business quality: 64
Growth

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Screen this industry Compare top 5 side-by-side

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Indo-Mim LimitedINDOMIMINDOMIM	₹62,891 Cr	₹63,981 Cr	₹4,193 Cr	₹1,071 Cr	25.5%	₹534 Cr	12.7%	29.6%	21.3%	—
Aditya Infotech LimitedCPPLUSCPPLUS	₹44,797 Cr	₹44,910 Cr	₹4,883 Cr	₹709 Cr	13.4%	₹477 Cr	8.7%	33.8%	25.5%	61
Syrma Sgs Technology LimitedSYRMASYRMA	₹33,121 Cr	₹33,474 Cr	₹5,464 Cr	₹610 Cr	11.3%	₹402 Cr	7.2%	18.7%	15%	48
Honeywell Automation India LimitedHONAUTHONAUT	₹29,454 Cr	₹29,454 Cr	₹4,703 Cr	₹637 Cr	12.9%	₹551 Cr	11.2%	16.7%	12.4%	-12
Jyoti Cnc Automation LimitedJYOTICNCJYOTICNC	₹23,470 Cr	₹24,320 Cr	₹2,191 Cr	₹535 Cr	25.2%	₹322 Cr	16.1%	25.3%	18.2%	359
Kaynes Technology India LimitedKAYNESKAYNES	₹22,773 Cr	₹23,648 Cr	₹3,899 Cr	₹609 Cr	15.8%	₹346 Cr	10%	15.4%	9.6%	193
Lmw LimitedLMWLMW	₹17,706 Cr	₹17,706 Cr	₹3,374 Cr	₹219 Cr	5.3%	₹175 Cr	4.1%	6.4%	4.6%	23
Tega Industries LimitedTEGATEGA	₹15,721 Cr	₹16,039 Cr	₹3,059 Cr	₹231 Cr	13.7%	₹21 Cr	8.4%	8.5%	5.9%	153
Lloyds Engineering Works LimitedLLOYDSENGGLLOYDSENGG	₹14,553 Cr	₹14,587 Cr	₹1,611 Cr	₹229 Cr	14.5%	₹163 Cr	15.2%	17.5%	16.4%	184
Kennametal India LimitedKENNAMETKENNAMET	₹9,411 Cr	₹9,411 Cr	₹991 Cr	₹179 Cr	18.1%	₹114 Cr	11.5%	24.5%	18.5%	170
Dynamatic Technologies LimitedDYNAMATECHDYNAMATECH	₹9,354 Cr	₹9,883 Cr	₹1,675 Cr	₹200 Cr	11.3%	₹42 Cr	2%	12.3%	4.3%	142
Standard Engineering Technology LimitedSETLSETL	₹8,318 Cr	₹8,376 Cr	₹849 Cr	₹129 Cr	15.4%	₹89 Cr	10.7%	15.5%	10.7%	335

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	59	86	99	169	205	215	134	152	213
COGS	35	55	47	98	130	129	65	83	118
Gross profit	25	31	52	71	75	86	69	69	95
	27	31	45	52	56	56	47	48	55
	-3	-0	7	20	20	29	21	21	40
OPM %	-4.3%	-0.3%	6.8%	11.8%	9.5%	13.7%	15.9%	14.1%	18.9%
Depreciation	3	2	2	2	2	2	2	2	2
Interest	7	10	10	5	4	4	9	8	8
	8	9	8	9	14	14	67	105	59
Profit before tax	-4	-4	3	22	27	37	77	116	89
Tax	2	2	-3	6	11	8	15	25	21
Tax %	46.2%	41.2%	-97.5%	25.4%	39.5%	22.8%	19%	21.1%	23.2%
	-6	-6	6	17	16	29	62	92	68
PAT margin %	-9.7%	-6.7%	6.5%	9.8%	7.9%	13.4%	46.6%	60.4%	32.1%
EPS (₹)	-1.1	-0.9	0.9	2.5	2.4	4.3	9.8	14.5	10.8
EPS adjusted (₹)	-1.1	-0.9	0.9	2.5	2.4	4.4	9.8	14.5	10.7
	—	—	21.3%	40.7%	41.7%	25.7%	11.2%	5.2%	4.6%
Annual report	Annual report for Mar 2018	Annual report for Mar 2019	Annual report for Mar 2020	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	—

₹ Cr	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	6	6	6	6
Reserves	88	143	140	116	—	210	209	267	355	418
	57	65	102	63	—	19	65	125	86	73
	13	15	17	22	—	70	31	42	60	71
Total equity & liabilities	165	230	266	207	—	305	311	439	508	569
	22	18	16	14	16	17	16	15	14	15
CWIP	1	1	1	1	—	0	0	0	0	0
Investments	—	—	—	—	—	119	157	252	299	328
	141	211	249	191	—	168	138	172	195	226
Total assets	165	230	266	207	—	305	311	439	508	569

Segment results

As reported in NSE results XBRL. Segment result is before tax and finance costs. ROCE uses that annual result divided by segment assets less liabilities.

Source XBRL ↗

Latest reported period · 31 Mar 2026 · ₹ crore

Segment	Revenue	Result	Assets	Liabilities	Capital employed	ROCE %
Conveyor Belts	173.41	45.22	70.95	34.4	36.55	123.72
Trading Goods	37.79	2.2

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Ratios

Annual operating, return, leverage and working-capital ratios.

Consolidated Standalone

Consolidated figures

Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	36%	52.9%	42.2%	36.7%	39.8%	51.3%	45.6%	44.5%
EBITDA margin %	-0.3%	6.8%	11.8%	9.5%	13.7%	15.9%	14.1%	18.9%
EBIT margin %	-2.8%	5%	10.7%	8.5%	12.6%	14.4%	13%	18.1%
PAT margin %	-6.7%	6.5%	9.8%	7.9%	13.4%	46.6%	60.4%	32.1%
Working capital
Receivable days	—	—	—	45	29	56	47	45
Inventory days	74	220	—	88	71	161	85	84
Payable days	—	—	—	111	69	113	103	87
NWC days	—	—	—	22	31	105	30	42
Leverage
Current ratio	—	—	—	1.89	2.07	2.21	3.95	4.92
Debt to EBITDA	—	9.39	—	0.99	2.2	5.85	4.02	1.82
Debt to equity	0.69	0.51	—	0.09	0.3	0.46	0.24	0.17
Interest coverage	0.6	1.3	5.6	7.3	10.5	9.6	14.8	11.6
Asset turnover	0.32	0.48	—	0.67	0.69	0.3	0.3	0.37
Return ratios
Return on assets %	-2.2%	3.1%	—	5.3%	9.2%	14.2%	18.1%	12%
Return on capital employed %	2.5%	5.8%	—	14%	18.9%	34.5%	37.1%	22.7%
Return on equity %	-3.9%	5.2%	—	7.5%	13.4%	22.9%	25.3%	16.1%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	70.65%	69.18%	68.6%	68.6%	68.6%	68.6%	69.14%	69.98%	70.07%	69.65%	69.86%	70.23%
	0.06%	0.01%	0.05%	0.01%	0.02%	0%	0.02%	0.16%	0.19%	0.37%	0.85%	0.62%
	0%	0%	0%	0%	0%	0%	0%	0%	0.53%	0.52%	0.54%	0.52%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	29.29%	30.81%	31.35%	31.39%	31.38%	31.4%	30.84%	29.86%	29.21%	29.46%	28.75%	28.63%
No. of shareholders	—	—	—	—	—	—	—	—	37,781	35,208	33,730	32,935

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

No fund holdings on record

No scheme among the 32 fund houses on record reported a position in International Conveyors Limited. Portfolios are published monthly by each AMC; coverage is still partial.

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

Annual reports

Credit ratings

Intimation of Credit Rating9 Jul 2026

Documents link to external sources (exchange filings, company investor pages).

Loading documents…

Events

Upcoming dates and the company’s corporate-action history.

20

Final dividend17 Sept 2026 · ex-date₹0.5
Final dividend17 Sept 2025 · ex-date₹0.75
Final dividend20 Sept 2024 · ex-date₹1.1
Final dividend22 Sept 2023 · ex-date₹1.1
Final dividend22 Sept 2022 · ex-date₹1
Final dividend16 Sept 2021 · ex-date₹1
Dividend dividend17 Sept 2020 · ex-date₹0.2
Dividend dividend12 Sept 2019 · ex-date₹0.05
Dividend dividend12 Sept 2018 · ex-date₹0.05
Dividend dividend14 Sept 2017 · ex-date₹0.05
Dividend dividend16 Sept 2016 · ex-date₹0.05
Dividend dividend18 Sept 2015 · ex-date₹0.25
Dividend dividend18 Sept 2014 · ex-date₹0.25
Dividend dividend29 Aug 2013 · ex-date₹0.25
Dividend dividend16 Jul 2012 · ex-date₹0.25
Dividend dividend16 Sept 2011 · ex-date₹0.15
Final dividend16 Sept 2010 · ex-date₹0.15
Interim dividend30 Oct 2009 · ex-date₹1
Dividend dividend14 Sept 2009 · ex-date₹2
Dividend dividend13 Sept 2007 · ex-date₹2

1

Board meeting to consider results14 Aug 2026

1

Face value ₹10 → ₹110 Dec 2009 · ex-date

1–3 of 4

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

23 announcementsExport CSV

14 Aug 2026, 2:35 pmBoard Meeting

Board Meeting Outcome for Outcome Of Board Meeting Held On August 14, 2026

Outcome of Board Meeting PDF

8 Aug 2026, 7:53 pmBoard Meeting

Board Meeting Intimation for Approval Of Un-Audited Financial Results (Standalone & Consolidated) Of The Company For The Quarter Ended June 30, 2026 Along With Limited Review Report From The Statutory Auditors Of The Company Thereon.

Exchange filing PDF

26 Jul 2026, 1:04 amCompany Update

Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Publication PDF

15 Jul 2026, 11:02 pmCompany Update

Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018

Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 PDF

15 Jul 2026, 12:18 pmInsider Trading / SAST

Disclosures of reasons for encumbrance by promoter of listed companies under Reg. 31(1) read with Regulation 28(3) of SEBI (SAST) Regulations, 2011.

Disclosures under Reg. 31(1) and 31(2) of SEBI (SAST) Regulations, 2011 PDF

15 Jul 2026, 12:14 pmInsider Trading / SAST

Disclosures under Reg. 31(1) and 31(2) of SEBI (SAST) Regulations, 2011.

Disclosures under Reg. 31(1) and 31(2) of SEBI (SAST) Regulations, 2011 PDF

9 Jul 2026, 11:06 pmCompany Update

Announcement under Regulation 30 (LODR)-Credit Rating

Credit Rating PDF

Date	Category	Subject	Filing
14 Aug 2026, 2:35 pm	Board Meeting Outcome of Board Meeting	Board Meeting Outcome for Outcome Of Board Meeting Held On August 14, 2026	PDF
8 Aug 2026, 7:53 pm	Board Meeting	Board Meeting Intimation for Approval Of Un-Audited Financial Results (Standalone & Consolidated) Of The Company For The Quarter Ended June 30, 2026 Along With Limited Review Report From The Statutory Auditors Of The Company Thereon.

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7 disclosures

Person	Deal	Shares	Value	Holding	Filed
Elpro International LimitedPromoter Group	BuyMarket Purchase	2,144	₹2.07 L	1.47% → 1.47%	26 Sept 20257(2)
Elpro International LimitedPromoter Group	BuyMarket Purchase	5,170	₹5 L	1.46% → 1.47%	17 Sept 20257(2)
Elpro International LimitedPromoter Group	BuyMarket Purchase	3,582	₹3.47 L	1.45% → 1.46%	17 Sept 20257(2)
Elpro International LimitedPromoter Group	BuyMarket Purchase	9,683	₹9.32 L	1.43% → 1.45%	15 Sept 20257(2)
Elpro International LimitedPromoter Group	BuyMarket Purchase	9,123	₹8.69 L	1.42% → 1.43%	15 Sept 20257(2)
Elpro International LimitedPromoter Group	BuyMarket Purchase	11,263	₹10.87 L	1.40% → 1.42%	12 Sept 20257(2)
Elpro International LimitedPromoter Group	BuyMarket Purchase	14,724	₹14.08 L	1.38% → 1.40%	12 Sept 20257(2)

Disclosed under SEBI’s insider-trading regulations, which require a filing only above ₹10 lakh in a quarter — smaller dealings are in no disclosure. Holdings are the filer’s own percentages, not recomputed.

67 deals · 12 Aug 2021 – 24 Sept 2024

Date	Client	Type	Venue	Side	Quantity	Price	Value
24 Sept 2024	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Sell	4,02,784	₹106.97	₹4.31 Cr
24 Sept 2024	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Buy	4,02,784	₹106.60	₹4.29 Cr
16 Sept 2024	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Sell	3,61,627	₹90.92	₹3.29 Cr
16 Sept 2024	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Buy	3,61,627	₹90.86	₹3.29 Cr
25 Jul 2024	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Sell	3,22,104	₹88.00	₹2.83 Cr
25 Jul 2024	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Buy	3,22,104	₹88.06	₹2.84 Cr
23 May 2024	SURBHIT DABRIWALA	Block	NSE	Sell	27,30,000	₹84.10	₹22.96 Cr
23 May 2024	I G E (INDIA) PRIVATE LIMITED	Block	NSE	Buy	27,30,000	₹84.10	₹22.96 Cr
23 May 2024	SURBHIT DABRIWALA	Bulk	NSE	Sell	27,30,000	₹84.10	₹22.96 Cr
23 May 2024	I G E (INDIA) PRIVATE LIMITED	Bulk	NSE	Buy	27,30,000	₹84.10	₹22.96 Cr

1–10 of 67

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Bulk deals are a client trading over 0.5% of the equity in a session, aggregated across their trades; block deals are single negotiated trades in the exchange’s block window. Each is reported by the exchange it was crossed on, so NSE and BSE rows are separate trades rather than the same trade twice.

₹ Cr	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	-14	5	3	49	37	4	12	15	35
	-4	-32	46	-26	1	-18	-48	43	-5
	18	26	-49	-24	-37	15	34	-54	-25
Net cash flow	—	—	—	—	0	0	-1	4	4
Free cash flow	-14	—	—	—	34	3	11	15	31
CFO / Operating profit %	—	—	48.8%	247.3%	187.5%	12.2%	56.4%	69.5%	85.8%

International Conveyors Limited

International Conveyors Limited

About

Key insights

Key risks

Growth drivers

Risk & technicals

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Segment results

Ratios

Ratio timeline

Shareholding

Quarterly record

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Annual reports

Credit ratings

Events

Dividends20

Board meetings1

Stock splits1

Announcements

Not in the F&O segment

Dividends20

Board meetings1

Stock splits1

Ratio timeline

No fund holdings on record

Announcements

Annual reports

Credit ratings

Quarterly record

Insider dealing

Bulk & block deals

Board and management

Profit & loss

Balance sheet

Segment results

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Stock price CAGR

Return on equity

CONVEYOR BELTS · revenue

20

1

1

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1

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