International Conveyors Ltd. (IN:INTLCONV)
:INTLCONV
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International Conveyors Ltd.
(INTLCONV)
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Rating:70Outperform
Price Target:
₹72.00
▼(-26.42% Downside)
Action:ReiteratedDate:03/24/26
Score reflects strong financial performance and attractive valuation (low P/E), partially offset by weak technicals (price below key moving averages and negative MACD), indicating a bearish trend despite oversold signals.
Positive Factors
Revenue Growth
Consistent 13.38% revenue growth year-over-year indicates expanding demand across mining, power and material-handling end markets. Over the next 2–6 months this trend supports scale benefits, better fixed-cost absorption and increased capacity to fund product or distribution investments.
Negative Factors
EPS Contraction
Reported EPS fell ~8.6% despite revenue gains, signaling per-share earnings pressure. If this persistently reflects mix shifts, one-offs or dilution, it can limit long-term shareholder returns and suggests management must address underlying profit-per-share drivers to restore durable EPS growth.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Consistent 13.38% revenue growth year-over-year indicates expanding demand across mining, power and material-handling end markets. Over the next 2–6 months this trend supports scale benefits, better fixed-cost absorption and increased capacity to fund product or distribution investments.
Read all positive factors
International Conveyors Ltd. (INTLCONV) vs. iShares MSCI India ETF (INDA)
Market Cap
₹4.32B
Dividend Yield0.81%
Average Volume (3M)8.17K
Price to Earnings (P/E)4.7
Beta (1Y)1.29
Revenue Growth34.91%
EPS Growth-19.40%
CountryIN
Employees94
SectorBasic Materials
Sector Strength58
IndustryIndustrial - Machinery
Share Statistics
EPS (TTM)4.68
Shares Outstanding63,781,000
10 Day Avg. Volume6,179
30 Day Avg. Volume8,167
Financial Highlights & Ratios
PEG Ratio0.10
Price to Book (P/B)1.23
Price to Sales (P/S)2.92
P/FCF Ratio30.52
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, together with its subsidiaries, manufactures and markets PVC conveyor belting products in India and internationally. It operates through Conveyor Belting, Wind Energy, Trading Goods, and Investment segments. The co...
How the Company Makes Money
International Conveyors Ltd. makes money primarily by selling conveyor belt products to industrial customers that use belt conveyor systems for transporting bulk materials. Revenue is generated from (1) domestic sales in India to end-user industri...
International Conveyors Ltd. Financial Statement Overview
Summary
Income Statement
85
Very Positive
Balance Sheet
78
Positive
Cash Flow
82
Very Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.61B | 1.52B | 1.34B | 2.15B | 2.01B | 1.69B |
| Gross Profit | 716.00M | 692.50M | 396.31M | 855.40M | 694.31M | 648.43M |
| EBITDA | 899.15M | 214.70M | 879.47M | 433.71M | 198.51M | 289.02M |
| Net Income | 677.40M | 917.10M | 623.93M | 287.20M | 161.78M | 166.22M |
Balance Sheet | ||||||
| Total Assets | 5.60B | 5.08B | 4.39B | 3.11B | 3.05B | 2.28B |
| Cash, Cash Equivalents and Short-Term Investments | 2.90B | 2.84B | 1.80B | 769.26M | 19.61M | 17.66M |
| Total Debt | 1.18B | 863.70M | 1.25B | 648.00M | 195.12M | 456.52M |
| Total Liabilities | 1.69B | 1.46B | 1.66B | 957.70M | 888.45M | 739.15M |
| Stockholders Equity | 3.91B | 3.62B | 2.73B | 2.15B | 2.16B | 1.54B |
Cash Flow | ||||||
| Free Cash Flow | -66.40M | 145.30M | 109.64M | 31.50M | 335.01M | 472.50M |
| Operating Cash Flow | -62.30M | 149.30M | 119.99M | 35.90M | 366.56M | 492.65M |
| Investing Cash Flow | -207.30M | 432.90M | -475.95M | -184.80M | 5.05M | -257.46M |
| Financing Cash Flow | 227.20M | -541.10M | 344.87M | 152.90M | -369.25M | -235.63M |
International Conveyors Ltd. Technical Analysis
Negative
97.85
Price Trends
76.91
Negative
83.37
Negative
88.32
Negative
Market Momentum
-3.29
Positive
35.48
Neutral
18.52
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:INTLCONV, the sentiment is Negative. The current price of 97.85 is above the 20-day moving average (MA) of 72.75, above the 50-day MA of 76.91, and above the 200-day MA of 88.32, indicating a bearish trend. The MACD of -3.29 indicates Positive momentum. The RSI at 35.48 is Neutral, neither overbought nor oversold. The STOCH value of 18.52 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:INTLCONV.
International Conveyors Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | ₹4.32B | 4.73 | ― | 0.81% | 34.91% | -19.40% | |
65 Neutral | ₹3.94B | 6.24 | ― | 4.34% | 15.26% | 62.57% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
61 Neutral | ₹16.34B | 215.61 | ― | ― | 11.83% | 124.74% | |
59 Neutral | ₹3.12B | 7.26 | ― | ― | 51.38% | -19.06% | |
54 Neutral | ₹2.84B | 58.29 | ― | 0.94% | 13.33% | -21.39% | |
54 Neutral | ₹2.96B | 23.33 | ― | ― | 39.31% | ― |
* Basic Materials Sector Average
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International Conveyors Ltd. Corporate Events
International Conveyors Buys Religare Shares in ₹7.5 Crore Investment Deal
Feb 25, 2026
International Conveyors Limited has disclosed that it acquired equity shares of Religare Enterprises Limited, an investment company, for a total cash consideration of ₹7.50 crore. The purchase, completed on February 25, 2026, is classified a...
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.