International Conveyors Ltd.

•

₹ 77.540.99%

2026-08-21

iclbelting.comBSE: 509709NSE: INTLCONV

Market Cap₹ 484 Cr.

Current Price₹ 77

High / Low₹ 115 / 60

Stock P/E0.0

Book Value₹ 85

Price to Book1.17

Dividend Yield0.66 %

ROCE25.2 %

ROE23.6 %

Face Value₹ 1

Add ratio to table

ABOUT

KEY POINTS

Revenue Breakup Mar 2025 • Conveyor Beling: 94.6% • Trading Goods: 4.5% • Wind Energy: 0.9%

PROS

Company has delivered good profit growth of 55.3% CAGR over last 5 years
Company has a healthy return on capital (ROCE) of 21.5%
Company has a good return on equity (ROE) track record: 3 Years ROE 20.2%
Latest quarter profit grew 130.3% YoY, showing strong momentum
Company comfortably covers its interest (12.4x coverage)
Attractively priced for its growth - PEG of 0.1

CONS

A large part of profit comes from other income (103.9% of PBT)
Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT 0.16x)
Working capital days have increased from 463 to 876 days

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

EDIT COLUMNS

Capital GoodsCapital GoodsEngineering - Industrial Equipments

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name	CMP Rs.	P/E	Mar Cap Rs.Cr.	Div Yld %	NP Qtr Rs.Cr.	Qtr Profit Var %	Sales Qtr Rs.Cr.	Qtr Sales Var %	ROCE %	OPM %
1.	BHEL	418.50	59.91	145724.35	0.33	376.71	182.70	7697.72	40.29	9.24	6.69
2.	THERMAX	4024.55	80.82	47955.05	0.50	21.79	-85.61	2302.73	7.09	15.85	2.98
3.	INDOMIM	966.60	89.58	47796.52	0.61	2401.22	—	12187.42	—	24.48	33.36
4.	KIRLOSENG	2081.95	55.47	30296.51	0.34	111.06	-20.05	1999.53	13.36	14.46	15.02
5.	JYOTICNC	951.90	67.29	21648.40	0.00	57.14	-19.99	508.47	23.97	23.88	21.40
6.	AZAD	2827.20	131.38	18258.55	0.00	35.16	19.46	172.60	25.90	12.28	37.29
7.	TRITURBINE	569.95	53.88	18118.62	0.75	51.10	-20.65	442.70	19.23	35.95	11.59
8.	INOXINDIA	1932.55	68.83	17540.50	0.10	580.72	850.16	3707.90	991.77	33.54	20.46
9.	LLOYDSENGG	92.99	64.48	14423.11	0.27	68.23	-77.28	527.15	142.92	17.99	15.04
10.	TEGA	1724.35	613.12	12954.64	0.12	-108.25	-406.36	1723.44	383.99	18.56	3.27
11.	KRN	1502.65	101.46	9836.12	0.00	32.90	164.84	252.32	118.87	21.21	19.44
12.	INTLCONV	75.90	3.56	484.10	0.66	119.82	130.11	35.32	-0.39	29.49	20.16

Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	42	42	22	32	29	32	26	53	34	40	35	96	38
	35	33	19	29	24	26	26	42	28	30	29	76	33
Operating Profit	—	—	—	—	—	—	—	—	—	—	—	—	—
OPM %	—	—	—	—	—	—	—	—	—	—	—	—	—
Other Income	14	21	23	7	42	32	29	1	66	-33	36	-11	147
Interest	2	3	2	2	3	2	2	2	2	3	2	2	2
Depreciation	0	0	0	1	0	0	0	0	0	0	0	0	0
	18	27	23	8	44	35	28	-7	69	-26	38	7	152
Tax %	19.73%	18.89%	18.04%	19.79%	29.20%	20.83%	27.06%	50.54%	24.51%	27.82%	23.04%	27.31%	21.02%
Net Profit	15	22	19	6	31	28	20	-3	52	-19	30	5	120
	2	4	3	1	5	4	3	-1	8	-3	5	1	2
Equity Capital	6	6	6	6	6	6	6	6	6	6	6	6	6
Reserves	0	0	0	0	0	0	0	0	0	0	0	0	0
Promoter Pledge %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Equity Capital	6	6	6	6	6	6	6	6	6	6	6	6	6
Reserves	0	0	0	0	0	0	0	0	0	0	0	0	0
Promoter Pledge %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Jun 2023

: 42
: 35
Operating Profit: —
OPM %: —
Other Income: 14
Interest: 2
Depreciation: 0
: 18
Tax %: 19.73%
Net Profit: 15
: 2
Equity Capital: 6
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 6
Reserves: 0
Promoter Pledge %: 0.00%

Sep 2023

: 42
: 33
Operating Profit: —
OPM %: —
Other Income: 21
Interest: 3
Depreciation: 0
: 27
Tax %: 18.89%
Net Profit: 22
: 4
Equity Capital: 6
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 6
Reserves: 0
Promoter Pledge %: 0.00%

Dec 2023

: 22
: 19
Operating Profit: —
OPM %: —
Other Income: 23
Interest: 2
Depreciation: 0
: 23
Tax %: 18.04%
Net Profit: 19
: 3
Equity Capital: 6
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 6
Reserves: 0
Promoter Pledge %: 0.00%

Mar 2024

: 32
: 29
Operating Profit: —
OPM %: —
Other Income: 7
Interest: 2
Depreciation: 1
: 8
Tax %: 19.79%
Net Profit: 6
: 1
Equity Capital: 6
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 6
Reserves: 0
Promoter Pledge %: 0.00%

Jun 2024

: 29
: 24
Operating Profit: —
OPM %: —
Other Income: 42
Interest: 3
Depreciation: 0
: 44
Tax %: 29.20%
Net Profit: 31
: 5
Equity Capital: 6
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 6
Reserves: 0
Promoter Pledge %: 0.00%

Sep 2024

: 32
: 26
Operating Profit: —
OPM %: —
Other Income: 32
Interest: 2
Depreciation: 0
: 35
Tax %: 20.83%
Net Profit: 28
: 4
Equity Capital: 6
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 6
Reserves: 0
Promoter Pledge %: 0.00%

Dec 2024

: 26
: 26
Operating Profit: —
OPM %: —
Other Income: 29
Interest: 2
Depreciation: 0
: 28
Tax %: 27.06%
Net Profit: 20
: 3
Equity Capital: 6
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 6
Reserves: 0
Promoter Pledge %: 0.00%

Mar 2025

: 53
: 42
Operating Profit: —
OPM %: —
Other Income: 1
Interest: 2
Depreciation: 0
: -7
Tax %: 50.54%
Net Profit: -3
: -1
Equity Capital: 6
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 6
Reserves: 0
Promoter Pledge %: 0.00%

Jun 2025

: 34
: 28
Operating Profit: —
OPM %: —
Other Income: 66
Interest: 2
Depreciation: 0
: 69
Tax %: 24.51%
Net Profit: 52
: 8
Equity Capital: 6
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 6
Reserves: 0
Promoter Pledge %: 0.00%

Sep 2025

: 40
: 30
Operating Profit: —
OPM %: —
Other Income: -33
Interest: 3
Depreciation: 0
: -26
Tax %: 27.82%
Net Profit: -19
: -3
Equity Capital: 6
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 6
Reserves: 0
Promoter Pledge %: 0.00%

Dec 2025

: 35
: 29
Operating Profit: —
OPM %: —
Other Income: 36
Interest: 2
Depreciation: 0
: 38
Tax %: 23.04%
Net Profit: 30
: 5
Equity Capital: 6
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 6
Reserves: 0
Promoter Pledge %: 0.00%

Mar 2026

: 96
: 76
Operating Profit: —
OPM %: —
Other Income: -11
Interest: 2
Depreciation: 0
: 7
Tax %: 27.31%
Net Profit: 5
: 1
Equity Capital: 6
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 6
Reserves: 0
Promoter Pledge %: 0.00%

Jun 2026

: 38
: 33
Operating Profit: —
OPM %: —
Other Income: 147
Interest: 2
Depreciation: 0
: 152
Tax %: 21.02%
Net Profit: 120
: 2
Equity Capital: 6
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 6
Reserves: 0
Promoter Pledge %: 0.00%

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
	76	47	48	78	91	166	205	208	138	141	208
	72	42	49	79	82	146	186	179	117	118	168
Operating Profit	7	12	7	9	17	27	33	44	88	128	—
OPM %	9	25	15	11	18	17	16	21	64	91	—
Other Income	4	7	7	9	8	8	13	15	66	105	139
Interest	6	6	7	10	10	5	5	4	9	9	9
Depreciation	3	3	2	2	2	2	2	2	2	2	2
	-2	3	-2	-4	5	21	26	37	77	101	172
Tax %	39	51	-76	-41	-61	26	40	22	19	24	21
Net Profit	-1	1	-4	-6	8	15	16	29	62	76	136
EPS	0	0	0	0	0	2	2	4	10	12	—
Dividend Payout %	-26	25	-9	-6	16	44	43	24	11	6	—
Minority Interest	0	0	0	0	0	0	0	0	0	0	0
Share of Associates	0	0	0	0	0	0	0	0	0	0	0
Adjusted EPS	-0	0	-1	-1	1	2	2	5	10	12	—
Minority Interest	0	0	0	0	0	0	0	0	0	0	0
Share of Associates	0	0	0	0	0	0	0	0	0	0	0
Adjusted EPS	-0	0	-1	-1	1	2	2	5	10	12	—

Mar 2016

: 76
: 72
Operating Profit: 7
OPM %: 9
Other Income: 4
Interest: 6
Depreciation: 3
: -2
Tax %: 39
Net Profit: -1
EPS: 0
Dividend Payout %: -26
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: -0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: -0

Mar 2017

: 47
: 42
Operating Profit: 12
OPM %: 25
Other Income: 7
Interest: 6
Depreciation: 3
: 3
Tax %: 51
Net Profit: 1
EPS: 0
Dividend Payout %: 25
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 0

Mar 2018

: 48
: 49
Operating Profit: 7
OPM %: 15
Other Income: 7
Interest: 7
Depreciation: 2
: -2
Tax %: -76
Net Profit: -4
EPS: 0
Dividend Payout %: -9
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: -1
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: -1

Mar 2019

: 78
: 79
Operating Profit: 9
OPM %: 11
Other Income: 9
Interest: 10
Depreciation: 2
: -4
Tax %: -41
Net Profit: -6
EPS: 0
Dividend Payout %: -6
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: -1
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: -1

Mar 2020

: 91
: 82
Operating Profit: 17
OPM %: 18
Other Income: 8
Interest: 10
Depreciation: 2
: 5
Tax %: -61
Net Profit: 8
EPS: 0
Dividend Payout %: 16
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 1
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 1

Mar 2021

: 166
: 146
Operating Profit: 27
OPM %: 17
Other Income: 8
Interest: 5
Depreciation: 2
: 21
Tax %: 26
Net Profit: 15
EPS: 2
Dividend Payout %: 44
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 2
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 2

Mar 2022

: 205
: 186
Operating Profit: 33
OPM %: 16
Other Income: 13
Interest: 5
Depreciation: 2
: 26
Tax %: 40
Net Profit: 16
EPS: 2
Dividend Payout %: 43
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 2
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 2

Mar 2023

: 208
: 179
Operating Profit: 44
OPM %: 21
Other Income: 15
Interest: 4
Depreciation: 2
: 37
Tax %: 22
Net Profit: 29
EPS: 4
Dividend Payout %: 24
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 5
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 5

Mar 2024

: 138
: 117
Operating Profit: 88
OPM %: 64
Other Income: 66
Interest: 9
Depreciation: 2
: 77
Tax %: 19
Net Profit: 62
EPS: 10
Dividend Payout %: 11
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 10
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 10

Mar 2025

: 141
: 118
Operating Profit: 128
OPM %: 91
Other Income: 105
Interest: 9
Depreciation: 2
: 101
Tax %: 24
Net Profit: 76
EPS: 12
Dividend Payout %: 6
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 12
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 12

TTM

: 208
: 168
Operating Profit: —
OPM %: —
Other Income: 139
Interest: 9
Depreciation: 2
: 172
Tax %: 21
Net Profit: 136
EPS: —
Dividend Payout %: —
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: —
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: —

COMPOUNDED SALES GROWTH

10 Years:: 4%
5 Years:: 9%
3 Years:: -12%

COMPOUNDED PROFIT GROWTH

10 Years:: 33%
5 Years:: 55%
3 Years:: 70%

STOCK PRICE CAGR

10 Years:: —
5 Years:: —
3 Years:: 1%
1 Year:: -15%

RETURN ON EQUITY

10 Years:: 8%
5 Years:: 16%
3 Years:: 20%
Last Year:: 24%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
LIABILITIES	-	-	-	-	-	-	-	-	-	-
Equity Capital	7	7	7	7	7	7	7	6	6	6
	74	126	158	152	129	162	219	222	280	354
	56	40	65	102	66	49	23	68	129	91
Trade Payables	8	5	9	16	16	20	39	25	19	23
	1	28	25	27	25	34	61	53	58	72
Total Liabilities	146	206	265	303	243	271	348	375	493	546
ASSETS	-	-	-	-	-	-	-	-	-	-
	22	20	18	16	14	16	16	15	14	13
Capital Work in Progress	1	1	1	1	1	0	0	0	0	0
	53	111	157	182	125	171	139	181	276	306
	12	11	10	11	27	24	28	23	17	15
	0	0	0	0	0	0	0	0	26	22
Cash & Bank	1	1	0	0	1	0	0	9	2	4
	56	62	78	93	75	60	163	147	157	186
Total Assets	146	206	265	303	243	271	348	375	493	546
Total Debt	56	40	65	102	66	49	23	68	129	91
Net Working Capital	-4	-0	-15	-57	-22	-24	67	93	181	341
Contingent Liabilities	25	23	9	5	5	7	8	8	8	11
Book Value per Share	12.01	19.65	24.45	23.53	20.11	24.94	33.42	35.34	45.18	56.81
Face Value	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00
Total Debt	56	40	65	102	66	49	23	68	129	91
Net Working Capital	-4	-0	-15	-57	-22	-24	67	93	181	341
Contingent Liabilities	25	23	9	5	5	7	8	8	8	11
Book Value per Share	12.01	19.65	24.45	23.53	20.11	24.94	33.42	35.34	45.18	56.81
Face Value	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00

Mar 2016

Equity Capital: 7
: 74
: 56
Trade Payables: 8
: 1
Total Liabilities: 146
: 22
Capital Work in Progress: 1
: 53
: 12
: 0
Cash & Bank: 1
: 56
Total Assets: 146
Total Debt: 56
Net Working Capital: -4
Contingent Liabilities: 25
Book Value per Share: 12.01
Face Value: 1.00
Total Debt: 56
Net Working Capital: -4
Contingent Liabilities: 25
Book Value per Share: 12.01
Face Value: 1.00

Mar 2017

Equity Capital: 7
: 126
: 40
Trade Payables: 5
: 28
Total Liabilities: 206
: 20
Capital Work in Progress: 1
: 111
: 11
: 0
Cash & Bank: 1
: 62
Total Assets: 206
Total Debt: 40
Net Working Capital: -0
Contingent Liabilities: 23
Book Value per Share: 19.65
Face Value: 1.00
Total Debt: 40
Net Working Capital: -0
Contingent Liabilities: 23
Book Value per Share: 19.65
Face Value: 1.00

Mar 2018

Equity Capital: 7
: 158
: 65
Trade Payables: 9
: 25
Total Liabilities: 265
: 18
Capital Work in Progress: 1
: 157
: 10
: 0
Cash & Bank: 0
: 78
Total Assets: 265
Total Debt: 65
Net Working Capital: -15
Contingent Liabilities: 9
Book Value per Share: 24.45
Face Value: 1.00
Total Debt: 65
Net Working Capital: -15
Contingent Liabilities: 9
Book Value per Share: 24.45
Face Value: 1.00

Mar 2019

Equity Capital: 7
: 152
: 102
Trade Payables: 16
: 27
Total Liabilities: 303
: 16
Capital Work in Progress: 1
: 182
: 11
: 0
Cash & Bank: 0
: 93
Total Assets: 303
Total Debt: 102
Net Working Capital: -57
Contingent Liabilities: 5
Book Value per Share: 23.53
Face Value: 1.00
Total Debt: 102
Net Working Capital: -57
Contingent Liabilities: 5
Book Value per Share: 23.53
Face Value: 1.00

Mar 2020

Equity Capital: 7
: 129
: 66
Trade Payables: 16
: 25
Total Liabilities: 243
: 14
Capital Work in Progress: 1
: 125
: 27
: 0
Cash & Bank: 1
: 75
Total Assets: 243
Total Debt: 66
Net Working Capital: -22
Contingent Liabilities: 5
Book Value per Share: 20.11
Face Value: 1.00
Total Debt: 66
Net Working Capital: -22
Contingent Liabilities: 5
Book Value per Share: 20.11
Face Value: 1.00

Mar 2021

Equity Capital: 7
: 162
: 49
Trade Payables: 20
: 34
Total Liabilities: 271
: 16
Capital Work in Progress: 0
: 171
: 24
: 0
Cash & Bank: 0
: 60
Total Assets: 271
Total Debt: 49
Net Working Capital: -24
Contingent Liabilities: 7
Book Value per Share: 24.94
Face Value: 1.00
Total Debt: 49
Net Working Capital: -24
Contingent Liabilities: 7
Book Value per Share: 24.94
Face Value: 1.00

Mar 2022

Equity Capital: 7
: 219
: 23
Trade Payables: 39
: 61
Total Liabilities: 348
: 16
Capital Work in Progress: 0
: 139
: 28
: 0
Cash & Bank: 0
: 163
Total Assets: 348
Total Debt: 23
Net Working Capital: 67
Contingent Liabilities: 8
Book Value per Share: 33.42
Face Value: 1.00
Total Debt: 23
Net Working Capital: 67
Contingent Liabilities: 8
Book Value per Share: 33.42
Face Value: 1.00

Mar 2023

Equity Capital: 6
: 222
: 68
Trade Payables: 25
: 53
Total Liabilities: 375
: 15
Capital Work in Progress: 0
: 181
: 23
: 0
Cash & Bank: 9
: 147
Total Assets: 375
Total Debt: 68
Net Working Capital: 93
Contingent Liabilities: 8
Book Value per Share: 35.34
Face Value: 1.00
Total Debt: 68
Net Working Capital: 93
Contingent Liabilities: 8
Book Value per Share: 35.34
Face Value: 1.00

Mar 2024

Equity Capital: 6
: 280
: 129
Trade Payables: 19
: 58
Total Liabilities: 493
: 14
Capital Work in Progress: 0
: 276
: 17
: 26
Cash & Bank: 2
: 157
Total Assets: 493
Total Debt: 129
Net Working Capital: 181
Contingent Liabilities: 8
Book Value per Share: 45.18
Face Value: 1.00
Total Debt: 129
Net Working Capital: 181
Contingent Liabilities: 8
Book Value per Share: 45.18
Face Value: 1.00

Mar 2025

Equity Capital: 6
: 354
: 91
Trade Payables: 23
: 72
Total Liabilities: 546
: 13
Capital Work in Progress: 0
: 306
: 15
: 22
Cash & Bank: 4
: 186
Total Assets: 546
Total Debt: 91
Net Working Capital: 341
Contingent Liabilities: 11
Book Value per Share: 56.81
Face Value: 1.00
Total Debt: 91
Net Working Capital: 341
Contingent Liabilities: 11
Book Value per Share: 56.81
Face Value: 1.00

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	13	20	-9	3	7	45	38	4	13	11
Cash from Investing	-3	1	-9	-29	39	-22	-0	-19	-48	43
Cash from Financing	-10	-22	18	26	-46	-24	-38	15	35	-54
	-0	-0	-0	0	1	-1	-0	0	0	-0
Free Cash Flow	12	20	-10	3	7	43	35	4	12	10
OCF / Net Profit	-10.28	15.25	2.58	-0.63	0.86	2.98	2.41	0.13	0.21	0.14
Cumulative 5-Year FCF	0	0	0	0	33	64	78	92	101	104
OCF / Net Profit	-10.28	15.25	2.58	-0.63	0.86	2.98	2.41	0.13	0.21	0.14
Cumulative 5-Year FCF	0	0	0	0	33	64	78	92	101	104

Mar 2016

: 13
Cash from Investing: -3
Cash from Financing: -10
: -0
Free Cash Flow: 12
OCF / Net Profit: -10.28
Cumulative 5-Year FCF: 0
OCF / Net Profit: -10.28
Cumulative 5-Year FCF: 0

Mar 2017

: 20
Cash from Investing: 1
Cash from Financing: -22
: -0
Free Cash Flow: 20
OCF / Net Profit: 15.25
Cumulative 5-Year FCF: 0
OCF / Net Profit: 15.25
Cumulative 5-Year FCF: 0

Mar 2018

: -9
Cash from Investing: -9
Cash from Financing: 18
: -0
Free Cash Flow: -10
OCF / Net Profit: 2.58
Cumulative 5-Year FCF: 0
OCF / Net Profit: 2.58
Cumulative 5-Year FCF: 0

Mar 2019

: 3
Cash from Investing: -29
Cash from Financing: 26
: 0
Free Cash Flow: 3
OCF / Net Profit: -0.63
Cumulative 5-Year FCF: 0
OCF / Net Profit: -0.63
Cumulative 5-Year FCF: 0

Mar 2020

: 7
Cash from Investing: 39
Cash from Financing: -46
: 1
Free Cash Flow: 7
OCF / Net Profit: 0.86
Cumulative 5-Year FCF: 33
OCF / Net Profit: 0.86
Cumulative 5-Year FCF: 33

Mar 2021

: 45
Cash from Investing: -22
Cash from Financing: -24
: -1
Free Cash Flow: 43
OCF / Net Profit: 2.98
Cumulative 5-Year FCF: 64
OCF / Net Profit: 2.98
Cumulative 5-Year FCF: 64

Mar 2022

: 38
Cash from Investing: -0
Cash from Financing: -38
: -0
Free Cash Flow: 35
OCF / Net Profit: 2.41
Cumulative 5-Year FCF: 78
OCF / Net Profit: 2.41
Cumulative 5-Year FCF: 78

Mar 2023

: 4
Cash from Investing: -19
Cash from Financing: 15
: 0
Free Cash Flow: 4
OCF / Net Profit: 0.13
Cumulative 5-Year FCF: 92
OCF / Net Profit: 0.13
Cumulative 5-Year FCF: 92

Mar 2024

: 13
Cash from Investing: -48
Cash from Financing: 35
: 0
Free Cash Flow: 12
OCF / Net Profit: 0.21
Cumulative 5-Year FCF: 101
OCF / Net Profit: 0.21
Cumulative 5-Year FCF: 101

Mar 2025

: 11
Cash from Investing: 43
Cash from Financing: -54
: -0
Free Cash Flow: 10
OCF / Net Profit: 0.14
Cumulative 5-Year FCF: 104
OCF / Net Profit: 0.14
Cumulative 5-Year FCF: 104

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
PER SHARE	-	-	-	-	-	-	-	-	-	-
EPS (₹)	-0.19	0.20	-0.54	-0.82	1.25	2.25	2.31	4.54	9.80	12.03
Book Value (₹)	12.01	19.65	24.45	23.53	20.11	24.94	33.42	35.34	45.18	56.81
Dividend per Share (₹)	0.05	0.05	0.05	0.05	0.20	1.00	1.00	1.10	1.10	0.75
Cash EPS (₹)	0.31	0.63	-0.17	-0.51	1.51	2.51	2.62	4.89	10.11	12.31
PROFITABILITY	-	-	-	-	-	-	-	-	-	-
Operating Margin %	8.88%	23.96%	13.69%	10.97%	18.48%	16.53%	15.84%	20.77%	15.06%	16.35%
Net Margin %	-1.64%	2.75%	-7.11%	-7.08%	9.25%	9.15%	7.56%	13.82%	43.44%	53.64%
ROE %	-1.57%	1.24%	-2.46%	-3.40%	5.73%	10.01%	7.92%	12.92%	24.12%	23.59%
ROCE %	2.57%	5.59%	2.26%	2.63%	6.54%	12.27%	13.05%	15.24%	24.07%	25.24%
	-0.85%	0.76%	-1.55%	-1.94%	3.09%	5.92%	5.04%	8.12%	14.32%	14.68%
EFFICIENCY	-	-	-	-	-	-	-	-	-	-
Debtor Days	147	177	131	125	121	49	35	38	59	62
Inventory Days	68	90	78	50	75	56	46	45	52	42
Payable Days	52	73	90	91	138	70	82	94	111	105
	162	194	118	84	59	36	-1	-11	0	-1
FINANCIAL HEALTH	-	-	-	-	-	-	-	-	-	-
Debt to Equity (x)	0.69x	0.30x	0.39x	0.64x	0.49x	0.29x	0.10x	0.30x	0.45x	0.25x
Interest Coverage (x)	0.63x	1.45x	0.69x	0.62x	1.53x	4.92x	6.66x	9.63x	9.22x	12.43x
	0.95x	1.00x	0.81x	0.52x	0.74x	0.68x	1.83x	1.94x	2.18x	3.99x
GROWTH	-	-	-	-	-	-	-	-	-	-
Revenue Growth %	-22.42%	-37.57%	2.71%	60.52%	17.39%	82.06%	23.37%	1.60%	-33.66%	1.88%
Operating Profit Growth %	-56.19%	66.88%	-39.17%	21.14%	97.81%	62.84%	18.98%	34.88%	99.28%	45.54%
Net Profit Growth %	-130.03%	203.45%	-375.29%	-50.46%	253.43%	80.20%	2.57%	88.10%	111.62%	22.76%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	116.06%	22.76%
VALUATION	-	-	-	-	-	-	-	-	-	-
P/E (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	8.11x	5.53x
P/B (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	1.76x	1.17x
Dividend Yield %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	1.38%	1.13%
	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	7.17x	3.97x

Mar 2016

EPS (₹): -0.19
Book Value (₹): 12.01
Dividend per Share (₹): 0.05
Cash EPS (₹): 0.31
Operating Margin %: 8.88%
Net Margin %: -1.64%
ROE %: -1.57%
ROCE %: 2.57%
: -0.85%
Debtor Days: 147
Inventory Days: 68
Payable Days: 52
: 162
Debt to Equity (x): 0.69x
Interest Coverage (x): 0.63x
: 0.95x
Revenue Growth %: -22.42%
Operating Profit Growth %: -56.19%
Net Profit Growth %: -130.03%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2017

EPS (₹): 0.20
Book Value (₹): 19.65
Dividend per Share (₹): 0.05
Cash EPS (₹): 0.63
Operating Margin %: 23.96%
Net Margin %: 2.75%
ROE %: 1.24%
ROCE %: 5.59%
: 0.76%
Debtor Days: 177
Inventory Days: 90
Payable Days: 73
: 194
Debt to Equity (x): 0.30x
Interest Coverage (x): 1.45x
: 1.00x
Revenue Growth %: -37.57%
Operating Profit Growth %: 66.88%
Net Profit Growth %: 203.45%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2018

EPS (₹): -0.54
Book Value (₹): 24.45
Dividend per Share (₹): 0.05
Cash EPS (₹): -0.17
Operating Margin %: 13.69%
Net Margin %: -7.11%
ROE %: -2.46%
ROCE %: 2.26%
: -1.55%
Debtor Days: 131
Inventory Days: 78
Payable Days: 90
: 118
Debt to Equity (x): 0.39x
Interest Coverage (x): 0.69x
: 0.81x
Revenue Growth %: 2.71%
Operating Profit Growth %: -39.17%
Net Profit Growth %: -375.29%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2019

EPS (₹): -0.82
Book Value (₹): 23.53
Dividend per Share (₹): 0.05
Cash EPS (₹): -0.51
Operating Margin %: 10.97%
Net Margin %: -7.08%
ROE %: -3.40%
ROCE %: 2.63%
: -1.94%
Debtor Days: 125
Inventory Days: 50
Payable Days: 91
: 84
Debt to Equity (x): 0.64x
Interest Coverage (x): 0.62x
: 0.52x
Revenue Growth %: 60.52%
Operating Profit Growth %: 21.14%
Net Profit Growth %: -50.46%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2020

EPS (₹): 1.25
Book Value (₹): 20.11
Dividend per Share (₹): 0.20
Cash EPS (₹): 1.51
Operating Margin %: 18.48%
Net Margin %: 9.25%
ROE %: 5.73%
ROCE %: 6.54%
: 3.09%
Debtor Days: 121
Inventory Days: 75
Payable Days: 138
: 59
Debt to Equity (x): 0.49x
Interest Coverage (x): 1.53x
: 0.74x
Revenue Growth %: 17.39%
Operating Profit Growth %: 97.81%
Net Profit Growth %: 253.43%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2021

EPS (₹): 2.25
Book Value (₹): 24.94
Dividend per Share (₹): 1.00
Cash EPS (₹): 2.51
Operating Margin %: 16.53%
Net Margin %: 9.15%
ROE %: 10.01%
ROCE %: 12.27%
: 5.92%
Debtor Days: 49
Inventory Days: 56
Payable Days: 70
: 36
Debt to Equity (x): 0.29x
Interest Coverage (x): 4.92x
: 0.68x
Revenue Growth %: 82.06%
Operating Profit Growth %: 62.84%
Net Profit Growth %: 80.20%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2022

EPS (₹): 2.31
Book Value (₹): 33.42
Dividend per Share (₹): 1.00
Cash EPS (₹): 2.62
Operating Margin %: 15.84%
Net Margin %: 7.56%
ROE %: 7.92%
ROCE %: 13.05%
: 5.04%
Debtor Days: 35
Inventory Days: 46
Payable Days: 82
: -1
Debt to Equity (x): 0.10x
Interest Coverage (x): 6.66x
: 1.83x
Revenue Growth %: 23.37%
Operating Profit Growth %: 18.98%
Net Profit Growth %: 2.57%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2023

EPS (₹): 4.54
Book Value (₹): 35.34
Dividend per Share (₹): 1.10
Cash EPS (₹): 4.89
Operating Margin %: 20.77%
Net Margin %: 13.82%
ROE %: 12.92%
ROCE %: 15.24%
: 8.12%
Debtor Days: 38
Inventory Days: 45
Payable Days: 94
: -11
Debt to Equity (x): 0.30x
Interest Coverage (x): 9.63x
: 1.94x
Revenue Growth %: 1.60%
Operating Profit Growth %: 34.88%
Net Profit Growth %: 88.10%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2024

EPS (₹): 9.80
Book Value (₹): 45.18
Dividend per Share (₹): 1.10
Cash EPS (₹): 10.11
Operating Margin %: 15.06%
Net Margin %: 43.44%
ROE %: 24.12%
ROCE %: 24.07%
: 14.32%
Debtor Days: 59
Inventory Days: 52
Payable Days: 111
: 0
Debt to Equity (x): 0.45x
Interest Coverage (x): 9.22x
: 2.18x
Revenue Growth %: -33.66%
Operating Profit Growth %: 99.28%
Net Profit Growth %: 111.62%
: 116.06%
P/E (x): 8.11x
P/B (x): 1.76x
Dividend Yield %: 1.38%
: 7.17x

Mar 2025

EPS (₹): 12.03
Book Value (₹): 56.81
Dividend per Share (₹): 0.75
Cash EPS (₹): 12.31
Operating Margin %: 16.35%
Net Margin %: 53.64%
ROE %: 23.59%
ROCE %: 25.24%
: 14.68%
Debtor Days: 62
Inventory Days: 42
Payable Days: 105
: -1
Debt to Equity (x): 0.25x
Interest Coverage (x): 12.43x
: 3.99x
Revenue Growth %: 1.88%
Operating Profit Growth %: 45.54%
Net Profit Growth %: 22.76%
: 22.76%
P/E (x): 5.53x
P/B (x): 1.17x
Dividend Yield %: 1.13%
: 3.97x

Shareholding Pattern

Numbers in percentages

TRADES

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	68.60	68.60	68.60	69.14	69.98	70.07	69.65	69.86	70.23
	0.01	0.01	0.00	0.02	0.16	0.19	0.37	0.85	0.62
	0.00	0.00	0.00	0.00	0.00	0.53	0.52	0.54	0.52
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	31.39	31.38	31.40	30.85	29.86	29.21	29.46	28.75	28.63

Jun 2024

: 68.60
: 0.01
: 0.00
Government: 0.00
: 31.39

Sep 2024

: 68.60
: 0.01
: 0.00
Government: 0.00
: 31.38

Dec 2024

: 68.60
: 0.00
: 0.00
Government: 0.00
: 31.40

Mar 2025

: 69.14
: 0.02
: 0.00
Government: 0.00
: 30.85

Jun 2025

: 69.98
: 0.16
: 0.00
Government: 0.00
: 29.86

Sep 2025

: 70.07
: 0.19
: 0.53
Government: 0.00
: 29.21

Dec 2025

: 69.65
: 0.37
: 0.52
Government: 0.00
: 29.46

Mar 2026

: 69.86
: 0.85
: 0.54
Government: 0.00
: 28.75

Jun 2026

: 70.23
: 0.62
: 0.52
Government: 0.00
: 28.63

Documents

Announcements

Copy of Newspaper Publication
2026-08-15 - International Conveyors Limited has informed the Exchange about Copy of Newspaper Publication
Appointment
2026-08-14 - International Conveyors Limited has informed the Exchange regarding re-appointment of Mr. Sunit Mehra as Independent Director of the company for a second term of five (5) consecutive years, w.e.f. September 25, 2026.

Annual Reports

Credit Ratings

Credit Rating
2026-07-09 - International Conveyors Limited has informed the Exchange about Credit Rating

Concalls

Jun 2025
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Mar 2025
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Jan 2025
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