International Conveyors
- Market cap
- ₹ 499 Cr.
- P/E
- 3.8x
- P/B
- 1.16x
- 52-week range
- 60 – 102
- ROE
- 17%
- ROCE
- 21%
- Dividend yield
- 0.7%
- Debt / equity
- 0.17
- Sector
- Industrial Manufacturing
- Industry
- Industrial Products
- Listed on
- NSE, BSE
About
International Conveyors Limited is engaged in manufacturing and marketing of solid woven fabric reinforced polyvinyl chloride (PVC) impregnated and PVC covered fire retardant, anti-static conveyor belting in India. The Company’s segments include Conveyor Belting, Wind Energy, Trading Goods, and Investment. The Conveyor Belting segment includes manufacturing and sale of PVC conveyor belting. The Wind Energy segment includes generation, supply and sale of wind power (electricity). The primary product of the Company is PVC Fire Resistant Antistatic Solid Woven Conveyor Belting. It manufactures solid woven belting and has a complete product range from Conveyor Belting up to 3150 kilonewton meters (kN/m) (type 18) in strength and belting widths ranging from 600 millimeters (mm) to 1800 mm. It has five windmills with locations spread across Karnataka, Maharashtra, Gujrat, and Andhra Pradesh. Its belt is suitable for conveying coal, potash, phosphate, fertilizer, clay, gypsum, and salt.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Industrial Products: 186 companies →International Conveyors against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.
- Valuation (P/E)3.8 against a typical 29.6: cheaper than most peers (1st = cheapest).4th of 184
- Sales growth0% against a typical +20.3% from a year earlier.104th of 147
- Profit growth+130.8% against a typical +9.4% from a year earlier.22nd of 121
- Share price, 3 months+9.3% against a typical −3.4%.54th of 164
- Size₹ 498.8 Cr. market value against a typical ₹ 305.2 Cr. (1st = largest).76th of 176
Credit ratings
Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates
Moderate safety, with caution
Rated BBB by CARE- No warnings from the agency.
| Agency | Current rating | Outlook | As of |
|---|---|---|---|
| CARE | CARE BBB | Stable | 8 Jul 2026 |
| Rating | Details | |||||
|---|---|---|---|---|---|---|
| 8 Jul 2026 | ▲ Upgrade1 notch | CARE BBB- → CARE BBB | — | CARE | ₹ 89.41 Cr. | |
| 4 Sep 2025 | Withdrawn | was CARE BBB- | — | CARE | ₹ 79.91 Cr. |
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 14 Aug 2026 | Financial Results/Other business matters | To consider and approve the un-audited financial results for the period ended Jun 30, 2026 and other business matters |
| 20 May 2026 | Financial Results/Dividend/Other business matters | To consider and approve the financial results for the period ended March 31, 2026, dividend and other business matters |
| 13 Feb 2026 | Financial Results/Other business matters | To consider and approve the financial results for the period ended December 31, 2025 and other business matters |
| 13 Nov 2025 | Financial Results/Other business matters | To consider and approve the financial results for the period ended September 30, 2025 and other business matters |
| 14 Aug 2025 | Financial Results/Other business matters | To consider and approve the unaudited financial results for the period ended Jun 30, 2025 and other business matters |
| 14 May 2025 | Financial Results/Dividend | To consider and approve the financial results for the period ended March 31, 2025 and dividend |
Financials
Consolidated figures in ₹ crore.
| ₹ Cr. | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 43 | 23 | 26 | 40 | 31 | 26 | 55 | 35 | 45 | 35 | 97 | 35 |
| Expenses | 33 | 19 | 24 | 35 | 26 | 26 | 44 | 30 | 34 | 30 | 78 | 28 |
| Operating Profit | 9 | 4 | 2 | 6 | 5 | 0 | 11 | 5 | 11 | 5 | 19 | 7 |
| OPM % | 22% | 16% | 8% | 14% | 16% | 1.5% | 19% | 15% | 24% | 15% | 19% | 20% |
| Other Income | 22 | 23 | 8 | 42 | 32 | 29 | 1 | 66 | −32 | 36 | −10 | 147 |
| Interest | 2 | 2 | 2 | 3 | 2 | 2 | 2 | 2 | 3 | 2 | 2 | 2 |
| Depreciation | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 28 | 24 | 8 | 45 | 34 | 28 | 10 | 69 | −25 | 39 | 6 | 152 |
| Tax % | 19% | 18% | 21% | 29% | 22% | 27% | −34% | 25% | −29% | 23% | 33% | 21% |
| Net Profit | 23 | 19 | 6 | 32 | 27 | 20 | 13 | 52 | −17 | 30 | 4 | 120 |
| EPS in Rs | 3.61 | 3.05 | 0.96 | 5.03 | 4.23 | 3.16 | 2.06 | 8.22 | −2.74 | 4.65 | 0.63 | 18.79 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- 10%
- 5 Years
- 5%
- 3 Years
- 0%
- TTM
- 45%
- 10 Years
- 33%
- 5 Years
- 33%
- 3 Years
- 35%
- TTM
- 22%
- 10 Years
- 15%
- 5 Years
- 4%
- 3 Years
- 0%
- TTM
- —
- 10 Years
- 13%
- 5 Years
- 19%
- 3 Years
- 22%
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Peers
Listed companies in the same business.
| International Conveyors | ₹ 81.52 | ₹ 499 Cr. | 3.8x | 1.2x | 17% | — |
| Bharat Heavy Electricals | ₹ 387.00 | ₹ 1,34,756 Cr. | 91.4x | 5.6x | — | 6.8% |
| Thermax | ₹ 3,095.60 | ₹ 36,999 Cr. | 74.2x | 10.1x | 13.7% | 6.7% |
| Suzlon Energy | ₹ 37.40 | ₹ 51,409 Cr. | 23.3x | 7.7x | 40.6% | 19% |
| Voltas | ₹ 950.00 | ₹ 31,434 Cr. | 113.8x | 7x | 5.8% | 3.5% |
| AIA Engineering | ₹ 3,588.70 | ₹ 33,490 Cr. | 34.2x | 5.4x | 17% | 28.7% |
Management
- Yogesh Kajaria
- Executive Chairman of the Board, Managing Director
- Ashok Kumar Gulgulia
- Chief Financial Officer
- Dipti Sharma
- Compliance Officer, Company Secretary
Prices are delayed and for information only. Nothing on this page is investment advice.