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International Conveyors Limited (INTLCONV) Fair Value & Analysis

Industrials · IN · Market cap ₹5.0B

IC International Conveyors Limited INTLCONV · NSE
Price₹75.72
Fair Value₹94.60
Upside+24.9%
Quality63/100
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Healthy Growth
Highly profitable · 32.1% net margin
Low debt · generates free cash flow
0.63% dividend yield
Ranks above peers (12/14)
Wide moat 66/100
Evidence: High Range ₹68.85 – ₹148.46 Share as image

Fair value as of: Aug 15, 2026

From 26 valuation models · updated 2 days ago

Share price −4.5% over the past month.

A solid business, screening 25% undervalued on our models.

What matters now

  • Solid quality (63/100) at a price below fair value, the discount is the argument here, not the business quality.
  • A fairly wide model range (₹68.85 to ₹148.46) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

₹117.54 ₹46.19 Fair Value ₹94.60 Sep 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 15, 2026.

How to read this chart

59‑month range ₹46.19 – ₹117.54 · fair‑value band ₹68.85 – ₹148.46 · the ₹75.72 price screens below the ₹94.60 fair value. Dashed = 300-day average. As of Aug 15, 2026.

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Analysis

International Conveyors Limited (INTLCONV) currently trades at ₹75.72, while our model-based Fair Value estimate is ₹94.60, implying the stock looks roughly 24.9% undervalued today. The Quality Score stands at 63/100 (solid quality), in the Industrials sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, International Conveyors Limited generated revenue of ₹2.1B at a net margin of 32.1%. Revenue grew 77.7% year over year. It earns a return on equity of 17.4%. Net debt stands at ₹537M. Fundamentals as of Aug 15, 2026

Our scenario range runs from ₹68.85 (bear case) to ₹148.46 (bull case); at ₹75.72, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 34% below its 52-week high and 26% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -67% fair-value upside, at 25%, INTLCONV screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Growth DCF ₹75.55 ₹126.41 ₹207.65 80
Residual Income ₹68.57 ₹94.11 ₹324.55 76
Rev-Margin DCF ₹54.19 ₹87.31 ₹129.87 74
All 26 models by family
DCF Models
FCF DCF ₹76.17 ₹132.00 ₹224.60 38
Owner Earnings ₹128.51 ₹223.62 ₹381.32 31
5Y Revenue Exit ₹54.19 ₹87.53 ₹131.67 39
5Y EBITDA Exit ₹64.17 ₹107.97 ₹162.03 41
5Y P/E Exit ₹129.62 ₹241.99 ₹370.82 38
10Y Revenue Exit ₹59.85 ₹93.52 ₹143.05 36
10Y EBITDA Exit ₹67.67 ₹108.11 ₹167.72 37
10Y P/E Exit ₹109.98 ₹203.74 ₹337.46 35
Earnings-Based
Graham-Dodd ₹72.90 ₹330.63 ₹453.47 54
Lynch FV ₹86.45 ₹123.51 ₹160.56 50
PEG = 1.0 ₹86.45 ₹123.51 ₹160.56 46
EPV ₹29.27 ₹33.62 ₹37.37 59
Dividend Discount
Gordon GGM ₹6.54 ₹13.03 ₹19.74 70
DDM Multi-Stage ₹6.54 ₹11.26 ₹13.76 61
Multiples
P/E Multiple ₹168.86 ₹225.14 ₹281.43 63
P/S Multiple ₹50.12 ₹66.83 ₹83.54 58
P/B Multiple ₹136.69 ₹182.26 ₹227.82 55
EV/EBIT ₹78.99 ₹104.74 ₹130.49 53
EV/EBITDA ₹63.21 ₹83.70 ₹104.19 54
EV/Revenue ₹43.83 ₹61.87 ₹79.92 43
Asset-Based
NCAV (Graham) ₹33.26 ₹44.57 ₹66.53 50
Growth DCF
Growth DCF ₹75.55 ₹126.41 ₹207.65 80
Rev-Margin DCF ₹54.19 ₹87.31 ₹129.87 74
Economic Profit
Residual Income ₹68.57 ₹94.11 ₹324.55 76
ROIC Compounder ₹29.27 ₹33.62 ₹37.37 72
Growth Earnings
Growth-Adj P/E ₹139.81 ₹199.73 ₹259.65 68

Widest divergence: Growth Earnings (₹199.73) versus Dividend Discount (₹11.26). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) ₹2.1B
Revenue growth (YoY) +77.7%
Net margin 32.1%
Return on equity 17.4%
Free cash flow ₹392M FY2026
P/E ratio 7.1
More key figures
Operating margin 18.8%
EPS (TTM) ₹10.74
Dividend yield 0.6%
EPS growth (YoY) -69.4%
Net debt ₹537M FY2026

Figures from reported company fundamentals · as of Aug 15, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 63/100

Of which business quality 62 · Market factors (momentum, volatility) 40

Profitability 56
Margins and returns on capital today
Quality Growth 57
Are margins and returns improving?
Cashflow 63
Earnings quality: real cash, not paper profit
Fin. Strength 67
Balance sheet, leverage, solvency risk
Investment 33
Disciplined investing over empire-building
Low Volatility 67
Calm price path (market factor)
Momentum 32
Price trend over the last 3–12 months (market factor)
52W Momentum 23
Distance to the 52-week high (market factor)
Net Issuance 88
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

International Conveyors Limited manufactures and markets PVC conveyor belting products in India and internationally. It operates through Conveyor Belting, Wind Energy, Trading Goods, and Investment segments.

Full company description

International Conveyors Limited manufactures and markets PVC conveyor belting products in India and internationally. It operates through Conveyor Belting, Wind Energy, Trading Goods, and Investment segments. The company offers mineplast and Mineplast Pro fire-resistant belting for conveying coal, potash, phosphate, fertilizer, clay, gypsum, and salt, as well as in timber industry applications. It is also involved in the trading of ply conveyor belting, steel cord conveyor belting, and fitting and accessories; generation, supply, and sale of wind power; and investment activities. In addition, The company offers solid woven fabric reinforced PVC impregnated and PVC covered fire retardant, anti-static conveyor beltings. International Conveyors Limited was incorporated in 1973 and is based in Kolkata, India.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

International Conveyors Limited reported revenue of ₹2.1B in FY2026 versus ₹2.0B in FY2022, a compound +1.5%/yr. Reported net income was ₹684M in FY2026, compounding +43.4%/yr from FY2022.

Growth Quality 78/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2026)
₹2.1B
Latest YoY
+40.4%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
−0.3%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+4.8%
Avg. growth/yr (20Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+9.5%
Revenue +1.5%/yr
FY22 ₹2.0B
FY23 ₹2.2B
FY24 ₹1.3B
FY25 ₹1.5B
FY26 ₹2.1B
Net income +43.4%/yr
FY22 ₹162M
FY23 ₹287M
FY24 ₹624M
FY25 ₹917M
FY26 ₹684M

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Cite: Fair Value Calculator (2026). "International Conveyors Limited Fair Value". https://www.fairvalue-calculator.com/stock/INTLCONV

Peer Group

Specialty Industrial Machinery · 808 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 63 · Top 25%
Fair Value upside +25% · Top 25%
Return on equity (TTM) 17% · Top 25%
Return on assets 4% · Above median
Net margin (TTM) 32% · Top 25%
Operating margin (TTM) 19% · Top 25%
Revenue growth 78% · Top 25%
Dividend yield (TTM) 0.6% · Below median
Debt / equity 0.02× · Lower than median

Valuation Multiples vs Specialty Industrial Machinery median · lower = cheaper

P/E (TTM) 7.1× · Cheaper than 75% of peers
P/B 1.19× · Cheaper than median
P/S (TTM) 2.37× · Pricier than median
P/FCF 0.1× · Cheaper than 75% of peers
EV/EBITDA 12.3× · Cheaper than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 67 · sector 0
FUTURE 100 · sector 22
PAST 70 · sector 28
HEALTH 99 · sector 96
DIVIDEND 13 · sector 27

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

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ABB India Limited ABB ₹7,645 ₹1,322 -83%
Cummins India Limited CUMMINSIND ₹5,315 ₹1,355 -75%
Bharat Heavy Electricals Limited BHEL ₹421.70 ₹96.51 -77%
Siemens Limited SIEMENS ₹4,019 ₹746.83 -81%

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Frequently asked questions

Is International Conveyors Limited (INTLCONV) overvalued or undervalued?
As of Aug 15, 2026, our model estimates a fair value of ₹94.60 versus a price of ₹75.72, about +25% (undervalued).
What is the fair value of INTLCONV?
Our model-based fair value for International Conveyors Limited is ₹94.60 (as of Aug 15, 2026), built from audited fundamentals. The current price is ₹75.72.
What is the quality score of INTLCONV?
International Conveyors Limited has a Quality Score of 63/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of International Conveyors Limited (INTLCONV)?
International Conveyors Limited reported trailing-twelve-month revenue of about ₹2.1B (latest available figure, as of Aug 15, 2026).
What is the net profit margin of INTLCONV?
The net profit margin of International Conveyors Limited is about 32.1%, meaning it keeps roughly 32.1% of revenue as net income. Based on the latest reported figures.
Does International Conveyors Limited pay a dividend?
International Conveyors Limited currently shows a dividend yield of about 0.63% relative to its recent price (as of Aug 15, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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