Want to see IN:INTLCONV full AI Analyst Report?
Top Page
International Conveyors Ltd.
(INTLCONV)
Select Model
Select Model
Rating:67Neutral
Price Target:
₹84.00
▼(-14.15% Downside)
Action:Downgraded
Date:08/22/26
The score is driven primarily by solid financial performance (strong latest-year growth, healthy margins, and improving low leverage) and an attractive valuation (very low P/E). These positives are tempered by uneven cash-flow reliability and mixed, mostly neutral technical signals with slightly negative momentum.
Positive Factors
Strong revenue growth and profitability
Strong recent growth combined with healthy gross and operating margins indicates the company can convert industrial demand into profitable revenue. If execution remains disciplined, this earnings base can support reinvestment and strengthen resilience over the next several quarters.
Negative Factors
Volatile revenue and earnings performance
The uneven historical trajectory makes current growth less predictable than a consistently compounding industrial business. Revenue and margin reversals can complicate capacity planning, reduce visibility for investors, and leave profitability exposed when project timing or demand weakens.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong revenue growth and profitability
Strong recent growth combined with healthy gross and operating margins indicates the company can convert industrial demand into profitable revenue. If execution remains disciplined, this earnings base can support reinvestment and strengthen resilience over the next several quarters.
Read all positive factors
International Conveyors Ltd. (INTLCONV) vs. iShares MSCI India ETF (INDA)
Market Cap
₹5.15B
Dividend Yield0.93%
Average Volume (3M)7.60K
Price to Earnings (P/E)3.7
Beta (1Y)1.35
Revenue Growth44.97%
EPS Growth20.97%
CountryIN
Employees94
SectorGeneral
Sector StrengthN/A
IndustryIndustrial - Machinery
Share Statistics
EPS (TTM)21.36
Shares Outstanding63,781,000
10 Day Avg. Volume12,037
30 Day Avg. Volume7,598
Financial Highlights & Ratios
PEG Ratio-0.22
Price to Book (P/B)0.90
Price to Sales (P/S)1.79
P/FCF Ratio9.75
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
International Conveyors Ltd. Business Overview & Revenue Model
Company Description
International Conveyors Limited (ICL), along with its affiliated entities, specializes in the worldwide manufacturing and distribution of PVC conveyor belting solutions. The company's business activities are structured across four main divisions: ...
How the Company Makes Money
International Conveyors Ltd. primarily makes money by executing contracts for bulk material handling systems—most notably belt conveyor systems—sold to industrial customers and project owners. Its core revenue stream is the sale and delivery of en...
International Conveyors Ltd. Financial Statement Overview
Summary
Income Statement
73
Positive
Balance Sheet
78
Positive
Cash Flow
58
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.13B | 2.13B | 1.52B | 1.34B | 2.15B | 2.01B |
| Gross Profit | 913.00M | 814.00M | 692.50M | 396.31M | 855.40M | 694.31M |
| EBITDA | -8.50M | 989.90M | 214.70M | 879.47M | 433.71M | 198.51M |
| Net Income | 1.36B | 683.80M | 917.10M | 623.93M | 287.20M | 161.78M |
Balance Sheet | ||||||
| Total Assets | 0.00 | 5.69B | 5.08B | 4.39B | 3.11B | 3.05B |
| Cash, Cash Equivalents and Short-Term Investments | 2.96B | 2.96B | 2.84B | 1.80B | 769.26M | 19.61M |
| Total Debt | 0.00 | 733.70M | 863.70M | 1.25B | 648.00M | 195.12M |
| Total Liabilities | -4.24B | 1.44B | 1.46B | 1.66B | 957.70M | 888.45M |
| Stockholders Equity | 4.24B | 4.24B | 3.62B | 2.73B | 2.15B | 2.16B |
Cash Flow | ||||||
| Free Cash Flow | -66.40M | 391.50M | 145.30M | 109.64M | 31.50M | 335.01M |
| Operating Cash Flow | -62.30M | 424.20M | 149.30M | 119.99M | 35.90M | 366.56M |
| Investing Cash Flow | -207.30M | -217.00M | 432.90M | -475.95M | -184.80M | 5.05M |
| Financing Cash Flow | 227.20M | -166.10M | -541.10M | 344.87M | 152.90M | -369.25M |
International Conveyors Ltd. Technical Analysis
Positive
97.85
Price Trends
77.47
Positive
78.49
Positive
79.97
Negative
Market Momentum
0.70
Negative
58.00
Neutral
70.46
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:INTLCONV, the sentiment is Positive. The current price of 97.85 is above the 20-day moving average (MA) of 76.59, above the 50-day MA of 77.47, and above the 200-day MA of 79.97, indicating a neutral trend. The MACD of 0.70 indicates Negative momentum. The RSI at 58.00 is Neutral, neither overbought nor oversold. The STOCH value of 70.46 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:INTLCONV.
International Conveyors Ltd. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | ₹25.12B | 18.80 | ― | 0.52% | 4.81% | 16.32% | |
67 Neutral | ₹5.15B | 3.72 | ― | 0.81% | 44.97% | 20.97% | |
63 Neutral | ₹1.08B | 24.27 | ― | ― | -19.72% | -25.60% | |
59 Neutral | ₹95.30B | 39.11 | ― | 0.47% | 3.08% | -54.36% | |
58 Neutral | ₹3.87B | -42.69 | ― | 2.47% | 52.00% | -53.27% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
54 Neutral | ₹57.88B | 29.67 | ― | 0.58% | 19.79% | -16.98% |
* General Sector Average
IN:INTLCONV
International Conveyors Ltd.
79.38
-11.82
-12.96%
IN:ELECON
Elecon Engineering Co. Ltd.
412.50
-144.39
-25.93%
IN:HERCULES
Hercules Hoists Limited
121.15
-39.16
-24.43%
IN:ISGEC
ISGEC Heavy Engineering Ltd.
779.80
-233.51
-23.04%
IN:PIXTRANS
PIX Transmissions Ltd
1,782.90
366.57
25.88%
IN:SOMICONVEY
Somi Conveyor Beltings Limited
90.03
-53.97
-37.48%
International Conveyors Ltd. Corporate Events
International Conveyors Sets Record Date and AGM Schedule for Final Dividend
Aug 20, 2026
International Conveyors Limited has scheduled book closure from September 18 to September 24, 2026, to determine eligible shareholders for its proposed final dividend for the financial year 2025-26 and to facilitate the conduct of its 53rd Annual ...
International Conveyors Board Clears Q1 Results, AGM, Dividend and Promoter Reclassification
Aug 14, 2026
International Conveyors Ltd. said its board has approved unaudited standalone and consolidated financial results for the quarter ended June 30, 2026, underscoring ongoing regulatory compliance and financial transparency under SEBI’s listing ...
International Conveyors Publishes Notice on Transfer of Unclaimed Shares to IEPF
Jul 25, 2026
International Conveyors Ltd. has notified the stock exchanges that it has published a newspaper notice regarding the upcoming transfer of certain equity shares to the Investor Education and Protection Fund, in line with Section 124(6) of the Compa...
CARE upgrades International Conveyors’ bank ratings amid improved FY26 performance
Jul 9, 2026
CARE Ratings has reaffirmed and upgraded International Conveyors Limited’s bank facilities, assigning a long‑term rating of CARE BBB; Stable and improving several facilities from CARE BBB‑; Stable and CARE A3 to CARE BBB; Stable ...
International Conveyors Closes Trading Window Ahead of June-Quarter Results
Jun 29, 2026
International Conveyors Ltd. has announced that its trading window for dealing in company securities will be closed from July 1, 2026 until 48 hours after the announcement of unaudited financial results for the quarter ended June 30, 2026. The res...
International Conveyors Corrects EPS Classification in June 2025 Results
Jun 25, 2026
International Conveyors Limited has clarified an error in its previously submitted consolidated financial results for the quarter ended June 30, 2025, after the National Stock Exchange of India sought clarification under Regulation 33 of the SEBI ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.