Manufactures and sells conveyor belts, which generated Rs 173.41 crore of segment revenue in FY26, or 81.3 percent of period segment revenue. Trading goods contributed Rs 37.79 crore (17.7 percent), and a small wind energy segment added Rs 1.61 crore (0.8 percent). The conveyor belt segment also produced Rs 45.22 crore of segment EBIT, while trading goods contributed Rs 2.2 crore and wind energy Rs 0.46 crore. A separately disclosed 'Investment' line carries Rs 50.24 crore of EBIT against no segment revenue, indicating non-operating investment income. Materials are the largest cost line at 41.4 percent of revenue, with employee costs at 5.5 percent and other operating expenses at 20.1 percent. During FY26 the company acquired International Conveyors Australia Pty. Ltd. as a direct subsidiary. CARE Ratings upgraded its bank facility ratings in July 2026, citing the 44 percent FY26 revenue growth and improved debt coverage. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Conveyor Belts (81%), Trading Goods (18%), Wind Energy (1%), Unallocated (0%). Capital goods and industrial products manufacturer with a dominant conveyor belt line, a trading arm, a small wind energy operation, and material investment income.
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 205 | 215 | 134 | 152 | 213 |
| EBITDA (ex other income) | 20 | 29 | 21 | 21 | 40 |
| margin % | 9.5 | 13.7 | 15.9 | 14.1 | 18.9 |
| Owners' profit | 16 | 29 | 62 | 92 | 68 |
| EPS, as reported (₹) | 2.40 | 4.28 | 9.82 | 14.47 | 10.77 |
| ROE % · ROCE % | 7.5 · 14.0 | 13.4 · 19.1 | 22.9 · 30.4 | 25.3 · 32.0 | 16.1 · 20.8 |
| Debt / equity (x) | 0.09 | 0.30 | 0.46 | 0.24 | 0.17 |
| Cash from operations | 37 | 4 | 12 | 15 | 35 |
| Capex | (3) | (0) | (1) | (0) | (3) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 31 | 26 | 55 | 35 | 45 | 35 | 97 | 35 |
| Profit before tax | 34 | 28 | 10 | 69 | (25) | 39 | 6 | 152 |
| Net profit | 27 | 20 | 13 | 52 | (17) | 30 | 4 | 120 |
| EPS (₹) | 4.23 | 3.16 | 2.06 | 8.22 | (2.74) | 4.68 | 0.63 | 18.79 |
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| Conveyor Belts | 99 | 46.2 |
| Wind Energy | 1 | 0.4 |
| Trading Goods | 33 | 15.4 |
| Unallocated | 0 | 0.1 |
| CONVEYOR BELTS | 75 | 35.1 |
| WIND ENERGY | 1 | 0.4 |
| TRADING GOODS | 5 | 2.3 |
| UNALLOCATED | 0 | 0.1 |
| Total, before eliminations | 213 | 100.0 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA |
|---|
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 11 Sept 2026 · Reconstitution of Stakeholders Relationship Committee | management changes | medium | — | — |
| 3 Sept 2026 · Notice of 53rd AGM published in newspapers | compliance | minimal | — | — |
| 3 Sept 2026 · 53rd AGM notice published in newspapers on September 3, 2026 | compliance | minimal | — | — |
| 2 Sept 2026 · TDS communication on Rs 0.50 per share dividend for FY 2025-26, AGM on Sept 24 | compliance | minimal | — | — |
| 2 Sept 2026 · 53rd AGM on Sep 24, 2026; Rs 0.50 dividend, director re-appointment | board shareholder meetings | low | — | — |
| 2 Sept 2026 · 53rd AGM notice on Sept 24 plus Annual Report FY26 and Rs 0.50 dividend | board shareholder meetings | medium | — | — |
| 28 Aug 2026 · Newspaper publication of 53rd AGM notice | compliance | minimal | — | — |
| 28 Aug 2026 · Promoters' revised pledge disclosure: 91 percent of promoter shares encumbered | ownership changes | medium | — | — |
| 28 Aug 2026 · Promoters encumber 63.93% of Intl Conveyors shares with Kotak Mahindra | ownership changes | high | — | — |
| 20 Aug 2026 · Record date fixed at Sep 17, 2026 for FY26 final dividend | corporate actions | medium | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions |
| ROE % |
|---|
| ROCE % |
|---|
| Rev CAGR 5y % |
|---|
| EBITDA m. % |
|---|
| ADITYA INFOTECH LIMITED | 45,150 | 93.8 | 24.06 | 77.9 | 19.6 | 24.5 | — | 14.8 |
| SYRMA SGS TECHNOLOGY LTD | 30,717 | 82.8 | 10.02 | 53.5 | 11.3 | 13.4 | — | 11.1 |
| HONEYWELL AUTOMATION IND | 30,536 | 55.7 | 6.84 | — | 11.8 | 15.5 | — | 18.2 |
| KAYNES TECHNOLOGY IND LTD | 23,496 | 67.9 | 4.93 | 33.3 | 7.6 | 9.8 | — | 17.1 |
| JYOTI CNC AUTOMATION LTD | 22,490 | 69.9 | 11.24 | 39.7 | 16.8 | 19.2 | — | 22.2 |
| LMW LIMITED | 19,058 | 109.1 | 6.65 | 61.8 | 4.6 | 5.9 | 13.2 | 11.9 |
| TEGA INDUSTRIES LIMITED | 12,982 | 455.9 | 3.81 | 38.8 | 4.2 | 5.4 | — | 4.2 |
| LLOYDS ENGG WORK LIMITED | 12,285 | 48.3 | 7.30 | 50.1 | 11.7 | 11.5 | — | 15.0 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 3.7 | 26.9 | 3 of 138 | 99% |
| P/B | 1.2 | 3.5 | 19 of 111 | 84% |
| ROCE | 19.0 | 11.3 | 33 of 144 | 78% |
| ROE | 16.1 | 9.5 | 25 of 117 | 79% |
| Debt / Equity | 0.2 | 0.2 | 68 of 117 | 42% |
| EBITDA margin | 436.5 | 12.4 | 1 of 110 | 100% |
| Revenue growth | (0.4) | 20.6 | 79 of 114 | 31% |
| Profit growth | 130.1 | 17.1 | 19 of 109 | 83% |
| Market cap | 502 | 356 | 61 of 140 | 57% |
| an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
