INTLCONV
International Conveyors financials
- Market cap
- ₹499 Cr
- Sector
- Capital Goods
What International Conveyors Limited does
International Conveyors Limited manufactures solid-woven PVC conveyor belting used to transport bulk materials such as coal, potash, phosphate, fertilizer, cement, clay, gypsum, salt and aggregate in mining and industrial operations. It runs fully-integrated manufacturing at two plants — Aurangabad and Falta SEZ (West Bengal) — covering yarn preparation, fabric weaving, compound mixing, coating and finishing in-house, with its own NABL-accredited test laboratory. The company sells both in India and overseas through wholly-owned subsidiaries in the USA, Australia and Singapore, holding country-specific mine-safety approvals (DGMS/BIS, US-MSHA, Canada CSA, Australia TestSafe, South Africa SABS) needed to supply mining customers in each market.
Segments
- Mining conveyor belting
- Industrial conveyor belting
- Manufacturing plants
- 2 (Aurangabad, Maharashtra & Falta SEZ, West Bengal)
- Total annual installed belting capacity
- 11,25,000 metres/yr (Aurangabad 7,00,000 m + Falta SEZ 4,25,000 m)
- Maximum belt strength/width capability
- Up to 3150 kN/m, belt widths up to 1800 mm
- Product range
- Type-3 to Type-18 belting types
- Employees
- 93 (as on March 31, 2025)
- Overseas subsidiaries
- 4 (International Belting Ltd; Conveyor Holdings Pte Ltd, Singapore; International Conveyors America Ltd; International Conveyors Australia Pty Ltd)
Quarterly results
Q1 FY27: revenue up 0.0%, net profit up 130.8% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 31 | 26 | 55 | 35 | 45 +45% | 35 +35% | 97 +76% | 35 +0% |
| EBITDA | 5 | 0 | 11 | 5 | 11 +120% | 5 | 19 +73% | 7 +40% |
| Net profit | 27 | 20 | 13 | 52 | -17 −163% | 30 +50% | 4 −69% | 120 +131% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −18.7% 1Y
1Y: ₹96.27 on 10 Sept 2025 → ₹78.27. High ₹110.73 (6 Oct 2025), low ₹60.11 (30 Mar 2026).
Financials, as filed
Revenue fell 0.4% a year over 3 years, FY23 to FY26. Operating margin widened to 18.9%.
| Year ending | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | ₹215 Cr | ₹135 Cr | ₹152 Cr | ₹212 Cr |
| Operating profit | ₹29 Cr | ₹21 Cr | ₹22 Cr | ₹40 Cr |
| Operating margin | 13.6% | 15.6% | 14.5% | 18.9% |
| Interest | ₹4 Cr | ₹8 Cr | ₹9 Cr | ₹9 Cr |
| Depreciation | ₹4 Cr | ₹1 Cr | ₹0 Cr | ₹0 Cr |
| Net profit | ₹29 Cr | ₹62 Cr | ₹92 Cr | ₹69 Cr |
| Net margin | 13.4% | 45.9% | 60.5% | 32.5% |
| Cash from operations | ₹4 Cr | ₹12 Cr | ₹15 Cr | ₹35 Cr |
| Free cash flow | ₹3 Cr | ₹11 Cr | ₹15 Cr | ₹31 Cr |
| ROCE | 16.0% | 24.0% | 27.0% | 21.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹7 Cr | ₹7 Cr | ₹6 Cr | ₹6 Cr | ₹6 Cr | ₹6 Cr |
| Reserves | ₹147 Cr | ₹210 Cr | ₹209 Cr | ₹267 Cr | ₹385 Cr | ₹418 Cr |
| Borrowings | ₹46 Cr | ₹20 Cr | ₹65 Cr | ₹125 Cr | ₹118 Cr | ₹73 Cr |
| Other liabilities | ₹28 Cr | ₹69 Cr | ₹31 Cr | ₹42 Cr | ₹50 Cr | ₹71 Cr |
| Total liabilities | ₹228 Cr | ₹305 Cr | ₹311 Cr | ₹439 Cr | ₹560 Cr | ₹569 Cr |
| Fixed assets | ₹17 Cr | ₹17 Cr | ₹16 Cr | ₹15 Cr | ₹13 Cr | ₹15 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Investments | ₹147 Cr | ₹119 Cr | ₹157 Cr | ₹252 Cr | ₹330 Cr | ₹328 Cr |
| Other assets | ₹64 Cr | ₹168 Cr | ₹138 Cr | ₹172 Cr | ₹217 Cr | ₹226 Cr |
| Total assets | ₹228 Cr | ₹305 Cr | ₹311 Cr | ₹439 Cr | ₹560 Cr | ₹569 Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
Since Jun 2025, the public trimmed −1.23 pp while DIIs added +0.52 pp. The shareholder count shrank 19% to 32,935.
- Promoters
- 70.2%
- FIIs
- 0.6%
- DIIs
- 0.5%
- Public
- 28.6%
Since Jun 2025
- Public −1.23 pp
- DIIs +0.52 pp
- FIIs +0.46 pp
How it drifted, 12 quarters
Ownership split by quarter, oldest first. Sep '23: Promoters 70.7%, FIIs 0.1%, Public 29.3%.Dec '23: Promoters 69.2%, FIIs 0.0%, Public 30.8%.Mar '24: Promoters 68.6%, FIIs 0.0%, Public 31.4%.Jun '24: Promoters 68.6%, FIIs 0.0%, Public 31.4%.Sep '24: Promoters 68.6%, FIIs 0.0%, Public 31.4%.Dec '24: Promoters 68.6%, Public 31.4%.Mar '25: Promoters 69.1%, FIIs 0.0%, Public 30.9%.Jun '25: Promoters 70.0%, FIIs 0.2%, Public 29.9%.Sep '25: Promoters 70.1%, FIIs 0.2%, DIIs 0.5%, Public 29.2%.Dec '25: Promoters 69.7%, FIIs 0.4%, DIIs 0.5%, Public 29.4%.Mar '26: Promoters 69.9%, FIIs 0.8%, DIIs 0.5%, Public 28.7%.Jun '26: Promoters 70.2%, FIIs 0.6%, DIIs 0.5%, Public 28.6%.
Who bought this quarter
since Mar 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Elpro International Limited +0.37 pp 2.06% held
The same filing shows 1 holder trimming and 0 off the list — both are in the register beside this.
Who is on the register
Named in the Jun 2026 filing
Every holder of International Conveyors Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| I G E India Private Limited | 45.92% | unchanged |
| Surbhit Dabriwala | 12.67% | unchanged |
| Amaranth Daksha Private Limited | 3.79% | unchanged |
| Dabri Properties & Trading Co Pvt. Ltd. | 2.80% | unchanged |
| Elpro International Limited | 2.06% | +0.37 pp |
| Vivek Mundra | 1.81% | −0.15 pp |
| Smiti Somany | 1.24% | unchanged |
| Deepshikha Khaitan | 1.18% | unchanged |
| R. C. A. Limited | 0.98% | unchanged |
| Yamini Dabriwala | 0.56% | unchanged |
| Sujata Saraf | 0.16% | unchanged |
| Pushpa Bagla | 0.05% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Learn to analyse International Conveyors Limited
Guides on how to read this kind of business and the numbers that matter.