The shares of the second largest manufacturer of PVC solid woven belting gained up to 2 percent after the company announced an investment in La Opala RG Ltd and Central Depository Services (India) Ltd worth Rs 5.50 crore.
Price movement
With a market capitalization of Rs 457.58 crore, the shares of International Conveyors Ltd were trading at Rs 67.79 per share, increasing around 0.82 percent as compared to the previous closing price of Rs 67.89 apiece.
Reason for rise
The shares of International Conveyors Ltd have seen bullish movement after it has acquired 27,228 equity shares worth Rs 2.95 crore in Central Depository Services, and 1,29,685 equity shares worth Rs 2.65 crore in La Opala RG for investment purposes.
Financial condition
Analyzing the company’s financial performance, revenue zoomed by 13 percent from Rs 23 crore in Q3FY24 to Rs 26 crore in Q3FY25, during the same time, net profit stretched by 5 percent from Rs 19 crore to Rs 20 crore.
It has a P/E ratio of 5.05, compared to the industry’s P/E ratio of 33, indicating that the stock is trading at a lower price, the stock is undervalued. Additionally, the company’s debt-to-equity ratio stands at 0.28.
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Ratio analysis
The company’s critical ratios show that the return on equity zoomed from 13.36 percent in FY22-23 to 22.85 percent in FY23-24, while the return on capital employed magnified from 19.07 percent to 30.40 percent. The net profit margin (NPM) for fiscal year 23-24 is 46.58 percent.
Clientes
The company prioritizes customers, serving prominent international clients like Nutrien™, BELTSERVICE CORPORATION, Mosaic, GLENCORE, Rosebud Mining, Peabody, BELT TECH, Conveyor Specialists, VIACORE, Your Motator Peandling Partner, and DARTBROOK, along with domestic leaders such as Shree Cement, SMS, SCCL, TATA STEEL, JMS, and Coal India.
Company Profile
International Conveyors Limited (ICL) is an India-based company. The Company is engaged in manufacturing and marketing solid woven carcass reinforced fire retardant antistatic (FRAS) PVC Conveyor Belting in the segment explosive fire hazardous underground mine application.
Written by Abhishek Singh
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