International Conveyors Ltd. (INTLCONV) AI Stock Analysis

• Market Cap: ₹5.37B
• Dividend Yield: 1.3%
• Average Volume (3M): 30.54K
• Price to Earnings (P/E): 5.9
• Beta (1Y): 1.25
• Revenue Growth: 13.38%
• EPS Growth: 47.27%
• Country: IN
• Employees: 94
• Sector: Basic Materials
• Sector Strength: 60
• Industry: Industrial - Machinery
• EPS (TTM): 2.06
• Shares Outstanding: 63,379,000
• 10 Day Avg. Volume: 18,040
• 30 Day Avg. Volume: 30,536
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ₹93.00
• Price Target Upside: 9.49% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 67 Neutral
• Price Target: ₹93.00 ▲(9.49% Upside)

International Conveyors Ltd. has a strong financial foundation with impressive revenue and profit growth. However, technical indicators suggest bearish momentum, which could impact short-term performance. The stock's attractive valuation offers potential upside, balancing the technical concerns.

International Conveyors Ltd. Business Overview & Revenue Model

Company Description

International Conveyors Ltd. (INTLCONV) is a leading manufacturer and supplier in the conveyor belt industry, primarily serving the mining and industrial sectors. The company specializes in the production of fire-resistant, PVC conveyor belts that are crucial for safety and efficiency in underground mining operations. With a global presence, International Conveyors Ltd. provides tailor-made solutions to its clients, ensuring high performance and reliability in challenging environments.

How the Company Makes Money

International Conveyors Ltd. generates revenue through the manufacturing and sale of its high-quality conveyor belts, particularly targeting the mining industry. The company earns money by supplying these essential products to mining companies and industrial clients worldwide. Its revenue model is primarily based on direct sales of conveyor products, supplemented by long-term contracts with key clients that ensure a steady stream of income. Additionally, the company benefits from partnerships and collaborations with other industry leaders, enhancing its market reach and operational capabilities. The global demand for safe and efficient mining operations drives the company's growth, as does its commitment to innovation and product quality.

International Conveyors Ltd. Financial Statement Overview

Summary

International Conveyors Ltd. demonstrates strong financial performance with consistent revenue growth, high profitability margins, and a solid balance sheet. The company's effective cost management and solid equity position are strengths, though there is room for improvement in operational efficiency and cash flow management.

Income Statement

International Conveyors Ltd. demonstrates a strong income statement with consistent revenue growth, as evidenced by a 13.38% increase in revenue from 2024 to 2025. The company maintains a high gross profit margin of 45.59% for 2025, indicating effective cost management. The net profit margin also improved significantly to 60.37% in 2025, up from 46.57% in 2024, suggesting enhanced profitability. However, the EBIT margin of 32.80% and EBITDA margin of 14.13% indicate potential areas for operational efficiency improvements.

Balance Sheet

The balance sheet of International Conveyors Ltd. reveals a solid financial position with a debt-to-equity ratio of 0.24, suggesting low leverage and a strong equity base. The return on equity (ROE) improved to 25.35% in 2025, indicating effective use of equity to generate profits. The equity ratio of 71.23% highlights the company's financial stability. However, the company should monitor its total liabilities, which have slightly increased.

Cash Flow

The cash flow statement shows robust free cash flow growth, with a 32.52% increase from 2024 to 2025. The operating cash flow to net income ratio of 0.16 suggests that the company is generating sufficient cash from operations relative to its net income. The free cash flow to net income ratio stands at 0.16, indicating strong cash conversion. However, the company should aim to enhance its operating cash flow for further improvement.

Breakdown	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	1.52B	1.34B	2.15B	2.01B	1.69B
Gross Profit	692.50M	644.23M	855.40M	694.31M	703.50M
EBITDA	214.70M	879.47M	433.71M	330.93M	289.02M
Net Income	917.10M	623.93M	287.20M	161.78M	166.22M
Balance Sheet
Total Assets	5.08B	4.39B	3.11B	3.05B	2.28B
Cash, Cash Equivalents and Short-Term Investments	2.84B	1.80B	788.50M	19.61M	17.66M
Total Debt	863.70M	1.25B	648.00M	195.12M	456.52M
Total Liabilities	1.46B	1.66B	957.70M	888.45M	739.15M
Stockholders Equity	3.62B	2.73B	2.15B	2.16B	1.54B
Cash Flow
Free Cash Flow	145.30M	109.64M	31.50M	335.01M	472.50M
Operating Cash Flow	149.30M	119.99M	35.90M	366.56M	492.65M
Investing Cash Flow	432.90M	-475.95M	-184.80M	5.05M	-257.46M
Financing Cash Flow	-541.10M	344.87M	152.90M	-369.25M	-235.63M

International Conveyors Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 84.94
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: 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 84.94 is below the 20-day moving average (MA) of 89.54, below the 50-day MA of 90.40, and above the 200-day MA of 81.32, indicating a neutral trend. The MACD of -1.94 indicates Positive momentum. The RSI at 36.51 is Neutral, neither overbought nor oversold. The STOCH value of 10.70 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
MAHASTEEL	74 Outperform	₹5.50B	67.18		―	2.99%	45.21%
INTLCONV	67 Neutral	₹5.37B	5.86		1.30%	13.38%	47.27%
HPAL	61 Neutral	₹4.22B	25.12		0.65%	7.18%	-11.44%
MANAKSIA	61 Neutral	₹4.65B	8.61		10.28%	40.00%	-23.55%
MODISONLTD	59 Neutral	₹5.14B	20.81		2.23%	21.18%	15.57%
LORDSCHLO	49 Neutral	₹5.04B	34.48		―	30.63%	―
Sector *	44 Neutral	C$923.76M	-8.68	-0.23%	2.69%	24.53%	-41.45%