Mehabe score: 6 G Factor: 6 Piotski Score: 8 The stock has a rating . The mehabe team score is reflective of its fundamental and technical merits. A rating above 8 is considered good buy. The stock has a G-Factor of 6 and Piotski score of 8.
Description
International Conveyors is engaged in Manufacturing and trading of Conveyor Belting, Trading of Ply Conveyor Belting, Steel Cord Conveyor Belting and fitting and accessories, Generation and Sale of Power.Site:509709Main Symbol:INTLCONV
Stock trades at 61.6, above its 50dma 59.66. It also trades above its 200dma 45.19. The stock remains bullish on techicals
The 52 week high is at 79.00 and the 52week low is at 24.00
Price Chart
P/E Chart
Sales and Margin
Strengths
– has reduced debt.
– is expected to give good quarter
– has delivered good profit growth of 41.28% CAGR over last 5 years
-Debtor days have improved from 84.66 to 36.38 days.
Weakness
– Stock is trading at 2.70 times its book value
– has a low return on equity of 4.56% for last 3 years.
-Earnings include an other income of Rs.8.97 Cr.
Competition
– The industry trades at a mean P/E of 24.1x. GMM Pfaudler trades at the industry’s max P/E of 91.6x. 509709 trades at a P/E of 25.0x
– Industry’s mean G-Factor is 3.8 while the mean Piotski score is 8.0. 509709 has a G-Factor of 6 and Piotski scoreof 8.
– Average 1 month return for industry is 1.4%. The max 1- month return was given by Bharat Dynamics: a return of 16.21 %
Quarterly Results
Sales for period ended Jun 2021 is Rs 32.06 cr compared to Rs 33.4 cr for period ended Jun 2020, a fall of 4.0%
Operating Profits reported at Rs 4.93 cr for period ended Jun 2021 vis-vis 2.42 for period ended Jun 2020 .
Operating Margins expanded 813.2 bps for period ended Jun 2021 vis-vis Jun 2020 .
The EPS for Jun 2021 was Rs 0.7 compared to Rs 0.37 for previous quarter ended Mar 2021 and Rs 0.26 for Jun 2020
Profit & Loss Statement
Profit&Loss Comments
Company reported sales of Rs 168.0 cr for period ended TTM vis-vis sales of Rs 169.0 cr for the period ended Mar 2021, a fall of 0.6%. The 3 year sales cagr stood at 25.0%.
Operating margins expanded to 13.0% for period ended TTM vis-vis 12.0% for period ended Mar 2021, expansion of 100.0 bps.
Net Profit reported at Rs 20.0 cr for period ended TTM vis-vis sales of Rs 17.0 cr for the period ended Mar 2021, rising 0%.
Balance Sheet Statement
Cash Flow Statement
Cash Flow comments
CashFlow from operating activities was positive.
CashFlow from operating activities: Rs 49.0 cr for period ended Mar 2021 vis-vis Rs 3.0 cr for period ended Mar 2020
Sales Growth
Profit Growth Statement
Profit Growth Statement
Stock Price CAGR
Return of Equity
General Comments
– The company has improved its Return on Equity (RoE) metric. The RoE on Last Year basis was 12.0% compared to 5.0% over the last 3 Years. – The stock has given a return of 143% on a 1 Year basis vis-vis a return of 38% over the last 3 Years. – The compounded sales growth on a TTM bassis is 72% vis-vis a compounded sales growth of 44% over the last 3 Years. – The compounded profit growth on a TTM basis is 99% vis-vis a compounded profit growth of 62% over the last 3 Years.
Ratios
Shareholding Pattern
– FII shareholding has remained largely constant. The Jun 2021 fii holding stood at 17.7% vis-vis 17.56% for Mar 2021 – Public shareholding has remained largely constant. The Jun 2021 public holding stood at 20.56% vis-vis 20.7% for Mar 2021
Conclusion
– has reduced debt.
– is expected to give good quarter
– has delivered good profit growth of 41.28% CAGR over last 5 years
-Debtor days have improved from 84.66 to 36.38 days. – Stock is trading at 2.70 times its book value
– has a low return on equity of 4.56% for last 3 years.
-Earnings include an other income of Rs.8.97 Cr.
