The shares of the Micro-Cap company, specializing in the manufacturing and marketing of solid woven PVC conveyor belts, and many others jumped upto 10 percent upon declaring Q4 results with a 114 percent rise in Profit (YoY).
With a market capitalization of Rs. 546.82 crores on Thursday, the shares of International Conveyors Ltd jumped 9.8 percent, making a high of Rs. 84.00 per share compared to its previous closing price of Rs. 76.45 per share. International Conveyors Limited, engaged in the manufacturing of Conveyor belts, has announced its Q4 results as follows.
Its Revenue from operations rose by 110 percent YoY from Rs. 26.0 Crores in Q4FY24 to Rs. 54.6 Crores in Q4FY25, and it rose by 109 percent QoQ from Rs. 26.1 Crores in Q3FY25 to Rs. 54.6 Crores in Q4FY25.
Its Net Profit YoY rose by 114 percent from Rs. 6.07 Crores in Q4FY24 to Rs. 13.0 Crores in Q4FY25, and it declined by 35 percent QoQ from a profit of Rs. 20.0 Crores in Q3FY25 to Rs. 13.0 Crores in Q4FY25. The earnings per share (EPS) for the quarter stood at Rs. 2.06, compared to Rs. 3.16 in the previous quarter.
International Conveyors Ltd has a P/E ratio of 5.72, significantly lower than the industry average of 33.88, and a PEG ratio of 0.16, indicating potential undervaluation. The company maintains a low debt-to-equity ratio of 0.28, and promoter shareholding is strong at over 65 percent, reflecting financial stability and promoter confidence.
Segment Revenue & Others
In the latest quarter, the company reported segment revenues of Rs. 52.26 crores from Conveyor Belts up from Rs. 23.99 crores in the previous quarter, Rs. 0.23 crores from Wind Energy compared to Rs. 0.21 crores earlier, Rs. 2.06 crores from Trading Goods up from Rs. 1.78 crores, and others.
International Conveyors Limited (ICL), founded in 1973 and based in Aurangabad, India, is a leading manufacturer of solid woven fabric reinforced PVC conveyor belts, primarily serving the mining sector and various industries. It is the second largest manufacturer of PVC solid woven belting globally, exporting over 90 percent of its production to countries like the USA, Canada, South Africa, and Australia.
The company has a set of marquee clients both domestically and internationally. In the domestic market, its key clients include Shree Cement, SMS, Tata Steel, and Coal India, among others. Internationally, the company serves major clients such as Nutrien, Mosaic, Rosebud Mining Company, Glencore, Belt Tech, and others.
Written by Sridhar J
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