International Conveyors Ltd

International Conveyors Ltd

₹ 77.4 0.41%
22 Jul 4:01 p.m.
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)

  • Market Cap 491 Cr.
  • Current Price 77.4
  • High / Low 125 / 69.0
  • Stock P/E 7.90
  • Book Value 45.4
  • Dividend Yield 1.42 %
  • ROCE 24.1 %
  • ROE 24.0 %
  • Face Value 1.00

Pros

  • Company has delivered good profit growth of 67.2% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 26.2%

Cons

  • Promoter holding has decreased over last quarter: -0.58%
  • Earnings include an other income of Rs.66.4 Cr.
  • Debtor days have increased from 49.0 to 69.8 days.
  • Working capital days have increased from 376 days to 813 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
53.52 30.97 53.22 61.92 58.97 53.25 63.19 43.54 48.37 41.90 42.19 22.24 31.89
50.35 25.85 51.84 54.68 53.00 48.25 53.89 36.24 39.56 35.38 33.10 19.39 28.82
Operating Profit 3.17 5.12 1.38 7.24 5.97 5.00 9.30 7.30 8.81 6.52 9.09 2.85 3.07
OPM % 5.92% 16.53% 2.59% 11.69% 10.12% 9.39% 14.72% 16.77% 18.21% 15.56% 21.55% 12.81% 9.63%
3.22 1.30 1.56 4.87 5.26 3.12 2.98 3.49 4.09 14.44 21.34 23.23 7.34
Interest 1.05 1.22 1.24 1.54 0.60 0.62 0.86 1.56 1.30 2.30 2.59 2.31 2.12
Depreciation 0.54 0.49 0.54 0.48 0.60 0.54 0.59 0.57 0.57 0.46 0.47 0.49 0.51
Profit before tax 4.80 4.71 1.16 10.09 10.03 6.96 10.83 8.66 11.03 18.20 27.37 23.28 7.78
Tax % 26.88% -0.21% 74.14% 21.90% 73.08% 2.59% 26.04% 20.55% 30.37% 19.73% 18.89% 18.04% 19.79%
3.51 4.72 0.30 7.88 2.70 6.78 8.01 6.88 7.68 14.61 22.20 19.08 6.24
EPS in Rs 0.52 0.70 0.04 1.17 0.40 1.00 1.19 1.03 1.17 2.31 3.50 3.01 0.98
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
116 135 97 76 47 48 78 91 166 205 208 138
96 114 85 72 42 49 79 82 146 185 178 117
Operating Profit 20 21 13 3 5 -0 -1 9 20 20 30 22
OPM % 17% 16% 13% 4% 10% -1% -1% 10% 12% 10% 15% 16%
3 2 3 4 7 7 9 8 8 13 14 66
Interest 4 5 5 6 6 7 10 10 5 5 4 9
Depreciation 5 6 5 3 3 2 2 2 2 2 2 2
Profit before tax 14 13 6 -2 3 -2 -4 5 21 26 37 77
Tax % 29% 34% 31% -39% 51% 76% 41% -61% 26% 40% 22% 19%
10 8 4 -1 1 -4 -6 8 15 16 29 62
EPS in Rs 1.52 1.24 0.63 -0.19 0.20 -0.54 -0.81 1.25 2.25 2.31 4.45 9.80
Dividend Payout % 16% 20% 39% -26% 25% -9% -6% 16% 44% 43% 24% 11%
Compounded Sales Growth
10 Years: 0%
5 Years: 12%
3 Years: -6%
TTM: -34%
Compounded Profit Growth
10 Years: 22%
5 Years: 67%
3 Years: 60%
TTM: 117%
Stock Price CAGR
10 Years: 15%
5 Years: 24%
3 Years: 7%
1 Year: -1%
Return on Equity
10 Years: 8%
5 Years: 13%
3 Years: 16%
Last Year: 24%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

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 74 76 74 126 158 152 129 162 221 223 281
44 55 58 56 40 65 102 66 49 23 68 129
21 19 16 10 11 12 21 22 26 62 31 35
Total Liabilities 140 155 158 147 183 242 281 224 245 313 329 452
14 28 23 22 20 18 16 14 16 16 15 14
CWIP 0 2 3 1 1 1 1 1 0 0 0 0
Investments 39 42 53 53 111 157 182 125 171 139 181 276
86 82 79 71 52 67 82 83 58 157 133 162
Total Assets 140 155 158 147 183 242 281 224 245 313 329 452

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
8 23 11 13 20 -9 3 7 45 38 4 13
6 -25 -10 -3 1 -9 -29 39 -22 -0 -19 -48
-14 4 -3 -10 -22 18 26 -46 -24 -38 15 35
Net Cash Flow 0 3 -3 -0 -0 -0 0 1 -1 -0 0 0

Ratios

Standalone Figures in Rs. Crores / View Consolidated

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 69 116 154 116 165 148 117 35 43 34 70
Inventory Days 143 88 111 95 177 131 78 232 92 79 68 86
Days Payable 103 71 90 58 80 116 114 141 77 109 73 97
Cash Conversion Cycle 137 86 137 191 213 180 112 208 50 13 30 60
Working Capital Days 183 118 193 245 305 376 210 170 53 159 157 813
ROCE % 16% 14% 8% 2% 5% 2% 3% 6% 12% 13% 15% 24%

Shareholding Pattern

Numbers in percentages

9 Recently
Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
63.44% 64.36% 65.97% 66.33% 66.33% 66.74% 67.95% 70.65% 70.65% 69.18% 68.60% 68.61%
12.38% 10.36% 4.63% 3.18% 0.15% 0.05% 0.04% 0.07% 0.06% 0.01% 0.04% 0.01%
24.18% 25.28% 29.40% 30.49% 33.52% 33.22% 32.01% 29.29% 29.28% 30.80% 31.35% 31.39%
No. of Shareholders 7,6949,81919,11919,77520,94020,33019,09117,94221,10429,52240,01938,460

* 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.

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