INTLCONV

International Conveyors Limited

Conveyor belting products for mining, cement and bulk-material-handling industries

Industrials›Capital Goods›Industrial Manufacturing›Industrial Products

iclbelting.com(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹78.19
Market cap
499 Cr
Stock P/E
3.7
P/B
1.18
Dividend yield
1.0%
ROE (FY26)
16.1%
ROCE (FY26)
19.6%
Operating margin (FY26)
18.1%
Debt / equity (FY26)
0.17
OCF / EBITDA (FY26)
85.8%
OCF / EBITDA (3Y)
74.0%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

International Conveyors makes conveyor belting, mainly PVC belts that carry coal, potash and other bulk material, and sells it in India and to overseas mining customers.

Company snapshot

56thBy market cap

Ranked among 69 companies in Industrial Products.

Segment mix

Reportable segments as of 2024-12-31 (Consolidated). Revenue share = segment revenue ÷ total revenue.

Largest segment: 92.0% of revenue

SegmentRevenue shareRevenuePBTAssets
CONVEYOR BELTS
92.0%
24 Cr2 Cr48 Cr
INVESTMENT—0 Cr28 Cr413 Cr
TRADING GOODS
6.8%
2 Cr0.42 Cr2 Cr
UNALLOCATED
0.6%
0.15 Cr0 Cr14 Cr
WIND ENERGY
0.8%
0.21 Cr-0.06 Cr2 Cr

What we see

Positives
  • ✓Net margin of 32.1% — the business keeps a healthy share of every rupee it earns.
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Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales43 Cr23 Cr26 Cr40 Cr31 Cr26 Cr55 Cr35 Cr45 Cr35 Cr97 Cr35 Cr
Operating expenses (approx.)33 Cr19 Cr24 Cr35 Cr26 Cr26 Cr44 Cr30 Cr34 Cr30 Cr78 Cr28 Cr
EBITDA9 Cr4 Cr2 Cr6 Cr5 Cr0.38 Cr11 Cr5 Cr11 Cr5 Cr19 Cr7 Cr
OPM %22.2%16.3%8.1%14.0%16.0%1.5%19.3%15.3%23.9%15.2%19.2%20.2%
Other income22 Cr23 Cr8 Cr42 Cr32 Cr29 Cr1 Cr66 Cr-32 Cr36 Cr-10 Cr147 Cr
Interest2 Cr2 Cr2 Cr3 Cr2 Cr2 Cr2 Cr2 Cr3 Cr2 Cr2 Cr2 Cr
Depreciation0.47 Cr0.49 Cr0.51 Cr0.43 Cr0.44 Cr0.45 Cr0.42 Cr0.38 Cr0.39 Cr0.40 Cr0.40 Cr0.45 Cr
Profit before tax28 Cr24 Cr8 Cr45 Cr34 Cr28 Cr10 Cr69 Cr-25 Cr39 Cr6 Cr152 Cr
Tax %18.5%18.0%20.7%29.0%21.6%27.3%-34.1%24.6%29.3%23.0%32.8%21.1%
Net profit23 Cr19 Cr6 Cr32 Cr27 Cr20 Cr13 Cr52 Cr-17 Cr30 Cr4 Cr120 Cr
EPS (₹)₹3.60₹3.03₹0.96₹5.03₹4.23₹3.16₹2.06₹8.22₹-2.74₹4.68₹0.63₹18.79

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales61 Cr59 Cr86 Cr99 Cr169 Cr205 Cr215 Cr134 Cr152 Cr213 CrSign in free for the trailing twelve months
Operating expenses (approx.)55 Cr62 Cr86 Cr92 Cr149 Cr186 Cr186 Cr113 Cr130 Cr173 CrSign in free for the trailing twelve months
EBITDA6 Cr-3 Cr-0.27 Cr7 Cr20 Cr20 Cr29 Cr21 Cr21 Cr40 CrSign in free for the trailing twelve months
OPM %9.6%-4.3%-0.3%6.8%11.8%9.5%13.7%15.9%14.1%18.9%Sign in free for the trailing twelve months
Other income8 Cr8 Cr9 Cr8 Cr9 Cr14 Cr14 Cr67 Cr105 Cr59 CrSign in free for the trailing twelve months
Interest6 Cr7 Cr10 Cr10 Cr5 Cr4 Cr4 Cr9 Cr8 Cr8 CrSign in free for the trailing twelve months
Depreciation3 Cr3 Cr2 Cr2 Cr2 Cr2 Cr2 Cr2 Cr2 Cr2 CrSign in free for the trailing twelve months
Profit before tax5 Cr-6 Cr-4 Cr3 Cr22 Cr27 Cr37 Cr77 Cr116 Cr89 CrSign in free for the trailing twelve months
Tax %33.6%-32.5%-41.2%-97.2%25.4%39.5%22.8%19.0%21.1%23.2%Sign in free for the trailing twelve months
Net profit3 Cr-7 Cr-6 Cr6 Cr17 Cr16 Cr29 Cr62 Cr92 Cr68 CrSign in free for the trailing twelve months
EPS (₹)₹0.49₹-1.10₹-0.85₹0.94₹2.46₹2.40₹4.28₹9.82₹14.47₹10.77Sign in free for the trailing twelve months
Dividend payout %————8.8%41.7%23.5%11.2%7.6%6.9%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital7 Cr7 Cr7 Cr7 Cr7 Cr7 Cr6 Cr6 Cr6 Cr6 Cr
Reserves117 Cr143 Cr140 Cr116 Cr147 Cr210 Cr209 Cr267 Cr355 Cr418 Cr
Borrowings40 Cr65 Cr102 Cr63 Cr46 Cr19 Cr65 Cr125 Cr86 Cr73 Cr
Other liabilities12 Cr15 Cr18 Cr22 Cr28 Cr70 Cr31 Cr42 Cr60 Cr71 Cr
Total liabilities176 Cr230 Cr266 Cr207 Cr228 Cr305 Cr311 Cr439 Cr508 Cr569 Cr
Fixed assets (net)20 Cr18 Cr16 Cr14 Cr16 Cr16 Cr15 Cr14 Cr13 Cr14 Cr
CWIP1 Cr1 Cr1 Cr1 Cr0 Cr0.29 Cr0 Cr0 Cr0.06 Cr0.19 Cr
Investments101 Cr143 Cr170 Cr102 Cr147 Cr119 Cr157 Cr252 Cr299 Cr328 Cr
Loans & advances——14 Cr7 Cr6 Cr91 Cr71 Cr111 Cr126 Cr144 Cr
Inventories16 Cr13 Cr11 Cr28 Cr24 Cr31 Cr25 Cr29 Cr19 Cr27 Cr
Trade receivables8 Cr22 Cr26 Cr29 Cr17 Cr25 Cr17 Cr21 Cr20 Cr26 Cr
Cash & bank2 Cr2 Cr1 Cr2 Cr2 Cr2 Cr2 Cr1 Cr5 Cr9 Cr
Other assets27 Cr31 Cr27 Cr24 Cr17 Cr19 Cr23 Cr12 Cr26 Cr20 Cr
Total assets176 Cr230 Cr266 Cr207 Cr228 Cr305 Cr311 Cr439 Cr508 Cr569 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity16 Cr-14 Cr5 Cr3 Cr49 Cr37 Cr4 Cr12 Cr15 Cr35 Cr
Cash from investing7 Cr-4 Cr-32 Cr46 Cr-26 Cr0.51 Cr-18 Cr-48 Cr43 Cr-5 Cr
Cash from financing-24 Cr18 Cr26 Cr-49 Cr-24 Cr-37 Cr15 Cr34 Cr-54 Cr-25 Cr
Net cash flow-1 Cr0.11 Cr-0.90 Cr0.37 Cr-0.04 Cr0.24 Cr0.40 Cr-1 Cr4 Cr4 Cr
Free cash flow (OCF − Capex)15 Cr-14 Cr-9 Cr3 Cr47 Cr34 Cr3 Cr11 Cr15 Cr31 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %6.7%0.5%2.5%7.1%13.6%13.1%14.7%21.6%27.8%19.6%
ROE %2.7%-5.0%-3.9%5.2%10.8%7.5%13.4%22.9%25.3%16.1%
Debtor days49134110107364529564745
Inventory days257173852211049076174101112
Days payable98161921088811375122122116
Cash conversion cycle2091461032205222311092641
OCF / EBITDA %266.9%——48.8%247.5%187.5%12.2%56.4%69.5%85.8%
OCF / EBITDA % (3 years)——n.m.n.m.217.2%193.2%130.0%74.4%42.3%74.0%
Debt / equity0.320.430.690.510.300.090.300.460.240.17
Current ratio——0.500.840.771.892.072.213.954.92
Net debt / EBITDA6.49——9.142.210.892.125.803.781.58