International Conveyors Limited (INTLCONV.NS) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

+84.9%

₹142.31

vs ₹76.97 price

Levered DCF

₹65.21

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

—

Rating

B+

Overall 3 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	5.58×	4.83×	8.9×	11.16×	34.6×	29.78×	77.93×	-86.18×
P/B	0.9×	1.23×	2.03×	1.49×	2.59×	3.21×	4.04×	3.36×
P/S	1.79×	2.92×	4.14×	1.49×	2.79×	2.93×	5.06×	5.83×
EV / EBITDA	4.4×	24.24×	7.71×	8.83×	29.13×	18.63×	38.73×	-519.3×
Gross margin	38.2%	45.6%	29.6%	39.8%	31.9%	38.5%	52.1%	35.0%
Operating margin	18.1%	13.8%	14.9%	29.2%	8.8%	10.8%	9.4%	-3.8%
Net margin	32.1%	60.4%	46.6%	13.4%	8.1%	9.9%	6.5%	-6.8%
Current ratio	4.92×	3.95×	2.21×	2.07×	1.89×	0.77×	0.84×	0.5×
Debt / equity	0.17×	0.24×	0.46×	0.3×	0.09×	0.3×	0.51×	0.69×
Interest coverage	4.58×	2.48×	2.31×	15.98×	4.19×	3.74×	0.93×	-0.31×
Dividend yield	1.2%	1.6%	1.3%	2.1%	1.2%	0.3%	0.1%	0.1%
Payout ratio	6.9%	7.6%	11.2%	23.5%	41.7%	8.8%	6.4%	-7.1%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	16.1%	25.3%	22.9%	13.4%	7.5%	10.8%	5.2%	-3.9%
Return on invested capital	5.6%	3.5%	4.0%	17.3%	4.5%	6.8%	4.9%	-1.3%
Return on assets	12.0%	18.1%	14.2%	9.2%	5.3%	7.3%	3.1%	-2.1%
Free cash flow yield	10.3%	3.3%	2.0%	1.0%	6.0%	9.6%	0.6%	-1.7%
Earnings yield	17.9%	20.7%	11.2%	9.0%	2.9%	3.4%	1.3%	-1.2%
Enterprise value	₹4.4B	₹5.2B	₹6.8B	₹3.8B	₹5.8B	₹5.4B	₹5.6B	₹5.9B
Net debt / EBITDA	0.54×	3.59×	1.4×	1.44×	0.89×	1.52×	4.27×	-87.98×
Cash conversion cycle (days)	289	332	394	153	192	63	256	181