BSE:509709

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International Conveyors

Executive Summary

International Conveyors Limited manufactures and markets PVC conveyor belting products in India.


Snowflake Analysis

Acceptable track record with imperfect balance sheet.

Share Price & News

How has International Conveyors's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 509709's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

10.9%

509709

3.3%

IN Machinery

2.4%

IN Market


1 Year Return

34.7%

509709

-2.9%

IN Machinery

5.1%

IN Market

Return vs Industry: 509709 exceeded the Indian Machinery industry which returned -6.2% over the past year.

Return vs Market: 509709 exceeded the Indian Market which returned 2.6% over the past year.


Shareholder returns

509709IndustryMarket
7 Day10.9%3.3%2.4%
30 Day7.9%1.5%5.2%
90 Day46.0%15.4%21.1%
1 Year34.9%34.7%-1.4%-2.9%7.0%5.1%
3 Year33.9%33.1%-21.2%-24.5%4.8%-0.2%
5 Year-10.2%-11.7%-8.4%-14.2%30.4%20.7%

Price Volatility Vs. Market

How volatile is International Conveyors's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is International Conveyors undervalued compared to its fair value and its price relative to the market?

30.37x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 509709 (₹28.55) is trading above our estimate of fair value (₹1.02)

Significantly Below Fair Value: 509709 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 509709 is poor value based on its PE Ratio (30.4x) compared to the IN Machinery industry average (14.9x).

PE vs Market: 509709 is poor value based on its PE Ratio (30.4x) compared to the Indian market (14x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 509709's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 509709 is overvalued based on its PB Ratio (1.6x) compared to the IN Machinery industry average (1x).


Next Steps

Future Growth

How is International Conveyors forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

20.0%

Forecasted Capital Goods industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as International Conveyors has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has International Conveyors performed over the past 5 years?

18.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 509709 has high quality earnings.

Growing Profit Margin: 509709 became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: 509709 has become profitable over the past 5 years, growing earnings by 18.2% per year.

Accelerating Growth: 509709 has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: 509709 has become profitable in the last year, making it difficult to compare its past year earnings growth to the Machinery industry (-10.3%).


Return on Equity

High ROE: 509709's Return on Equity (5.2%) is considered low.


Next Steps

Financial Health

How is International Conveyors's financial position?


Financial Position Analysis

Short Term Liabilities: 509709's short term assets (₹705.2M) do not cover its short term liabilities (₹841.8M).

Long Term Liabilities: 509709's short term assets (₹705.2M) exceed its long term liabilities (₹4.3M).


Debt to Equity History and Analysis

Debt Level: 509709's debt to equity ratio (51.4%) is considered high.

Reducing Debt: 509709's debt to equity ratio has reduced from 78.5% to 51.4% over the past 5 years.

Debt Coverage: 509709's debt is not well covered by operating cash flow (5.2%).

Interest Coverage: 509709's interest payments on its debt are not well covered by EBIT (0.5x coverage).


Balance Sheet


Next Steps

Dividend

What is International Conveyors's current dividend yield, its reliability and sustainability?

0.70%

Current Dividend Yield


Upcoming Dividend Payment


Dividend Yield vs Market

Notable Dividend: 509709's dividend (0.7%) is higher than the bottom 25% of dividend payers in the Indian market (0.63%).

High Dividend: 509709's dividend (0.7%) is low compared to the top 25% of dividend payers in the Indian market (2.62%).


Stability and Growth of Payments

Stable Dividend: 509709's dividend payments have been volatile in the past 10 years.

Growing Dividend: 509709's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (21.3%), 509709's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

6.0yrs

Average management tenure


CEO

Rajendra Dabriwala (79 yo)

8.83yrs

Tenure

₹9,500,000

Compensation

Mr. Rajendra Kumar Dabriwala, JEDP-IIM-COPM (HBS) has been the Managing Director of International Conveyors Ltd since October 1, 2011. He is an Industrialist with over 35 years of experience. He served as ...


CEO Compensation Analysis

Compensation vs Market: Rajendra's total compensation ($USD126.63K) is above average for companies of similar size in the Indian market ($USD49.12K).

Compensation vs Earnings: Rajendra's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Rajendra Dabriwala
MD & Executive Director8.83yrs₹9.50m3.59%
₹ 69.3m
Ashok Gulgulia
Chief Financial Officer6yrs₹1.60mno data
Dipti Sharma
Company Secretary & Compliance Officer0.083yrno datano data

6.0yrs

Average Tenure

Experienced Management: 509709's management team is seasoned and experienced (6 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Rajendra Dabriwala
MD & Executive Director8.83yrs₹9.50m3.59%
₹ 69.3m
Mahadeo Jhunjhunwala
Non-Executive Independent Director41yrs₹140.00k0.00030%
₹ 5.8k
Jinesh Vanzara
Non-Executive Independent Director12.33yrs₹110.00kno data
Lakshmikant Tibrawalla
Non-Executive Independent Director41yrs₹140.00k0.0043%
₹ 83.6k
Yamini Dabriwala
Additional Director0.75yrno data4.38%
₹ 84.4m
Sanjay Kothari
Additional Director0.50yrno datano data
Kunchala Reddy
Non-Executive Independent Director8.5yrs₹30.00kno data
Sunit Om Mehra
Non-Executive Director6.58yrs₹30.00kno data
Udit Sethia
Additional & Non-Executive Director0.083yrno datano data

8.5yrs

Average Tenure

76yo

Average Age

Experienced Board: 509709's board of directors are considered experienced (8.5 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

International Conveyors Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: International Conveyors Limited
  • Ticker: 509709
  • Exchange: BSE
  • Founded: 1973
  • Industry: Industrial Machinery
  • Sector: Capital Goods
  • Market Cap: ₹1.927b
  • Shares outstanding: 67.50m
  • Website: https://www.iclbelting.com

Location

  • International Conveyors Limited
  • 10, Middleton Row
  • Post Box No. 9282
  • Kolkata
  • West Bengal
  • 700071
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
509709BSE (Mumbai Stock Exchange)YesEquity SharesININRMay 2005

Biography

International Conveyors Limited manufactures and markets PVC conveyor belting products in India. It operates through Conveyor Belting, Wind Energy, and Trading Goods segments. The company offers PVC fire r ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/08/11 12:56
End of Day Share Price2020/08/10 00:00
Earnings2020/03/31
Annual Earnings2020/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.