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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
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,…
Weekly engine runs — movement reflects the numbers, not analyst opinion.
A middling, fast-growing business, reasonably priced — but flagged on governance.
International Conveyors is scored on the general / industrial framework. It keeps a fat 25.1% of every rupee of sales as net profit. Cash conversion lags the reported profit (CFO/PAT 0.50×) — worth a closer look. It throws off free cash worth 6.0% of its market value — a strong free-cash yield.
Over the last 3 years revenue compounded at 6%/yr and profit at 34%/yr. Book value itself has compounded 25%/yr — the hallmark of a genuine compounder. Return on equity is a healthy 16.1%. In the latest quarter profit grew 2903% versus the prior quarter.
At 7× earnings, the stock sits at the 34th percentile of its own 3.6-year range — the middle of where it has historically traded. Today's price asks for only ~-16%/yr growth over a decade — undemanding expectations. The forensic screen raises 2 red flags: Only ₹0.26 of cash per ₹1 profit over 4 years — earnings not converting to cash; 66% of pre-tax profit is other income, not operations.
A plain-English restatement of the figures on this page — rules-based, for education and research context, not investment advice or a recommendation.
| Ratio | Company | Sector | Read |
|---|---|---|---|
| P/E | 3.59 | — | — |
| P/B | 1.15 | 5.05 | better |
| EV/EBITDA | 3.03 | 12.75 | better |
| ROE | 16.11 | 10.19 | better |
| ROCE | 19.4 | 12.02 | better |
| ROA | 23.94 | 4.74 | better |
| Quick Ratio | 4.65 | 3.69 | better |
| Peer | P/E | P/B | ROE |
|---|---|---|---|
| CCL Products | 28.0 | 4.9 | 17.3% |
| Pix Transmissions | 17.6 | 3.3 | 15.3% |
| Tinna Rubber AND INFR | 23.1 | 4.6 | 20.1% |
6% CAGR — growing but slowly. Growth is decelerating — latest year grew slower than the year before.
Profit is on a 2-year growth streak. Profit is growing faster than revenue (34% vs 6%) — margin expansion is at work.
Operating margin has expanded from 16% to 33% — the business is keeping more of each rupee earned. The gap between operating and net margin is widening — interest or tax costs are rising.
ROE at 16% — a respectable return on shareholder capital. ROE powered by fat margins — the hallmark of a high-quality franchise with pricing power.
EPS dropped in the latest year despite possible profit changes — dilution or a profit dip could be at play. EPS outpaced profit growth — possible buybacks are concentrating earnings into fewer shares. 36% EPS CAGR — this is the rate at which each share's claim on earnings is compounding.
Operating cash flow has been positive every year — the business generates real cash, not just accounting profit. Financing outflows in consecutive years — balance-sheet discipline through debt repayment or dividends.
When operating cash keeps pace with reported profit, earnings are cash-backed; a persistent shortfall is a quality flag.
Revenue rose 111% sequentially — momentum is building. Wide quarterly swings (93% spread) — likely seasonality, lumpy orders, or project-based revenue. Run-rate stepping up — recent quarters average 220% above earlier ones.
1 of 4 quarters loss-making — quarterly profitability is uneven. Profit jumped 2903% QoQ — check if this is operating leverage or a one-off item. Quarterly net margins are expanding (-134% → 66%) — profitability per rupee of revenue is improving.
How today's P/E compares to the stock's own historical range. Dashed line = the 3.6y median.
Promoters hold 70.5% — heavily owner-operated with strong skin in the game.
Produced by a rules-based engine over licensed exchange fundamentals — every sentence above is derived from the numbers shown, no analyst or AI opinion involved. Education and research context, not investment advice. We are not SEBI-registered as an Investment Adviser or Research Analyst.