International Conveyors (INTLCONV) — concall transcript

📢 Key Event
FY2022 revenue grew 21% YoY to Rs.205 crores, with Q4 revenue up 7% YoY to Rs.58 crores.

🔄 What Changed
Gross margin declined to 36.7% from 42.2% due to volatile commodity and logistics costs; EBITDA margin contracted to 9.5% (down 223 bps); PAT margin at 7.9% with PAT of Rs.16.2 crores; debt reduced to Rs.19 crores after repaying Rs.26 crores.

🔮 What's Next
Target utilization of 85% efficiency; no CAPEX plans for current financial year; export revenue growth expected to continue; market diversification into potash, gypsum, and cement sectors.

💡 Investor Takeaway
The company is focused on operational efficiency and market expansion but faces margin pressure from input cost volatility, with debt reduction and export growth as key positives.

International Conveyors Limited reported FY2022 revenue of Rs.205 crores, up 21% YoY, with Q4 revenue at Rs.58 crores, up 7% YoY. Domestic revenue grew 25% YoY to 37% of total, while export revenue rose 21% to Rs.169 crores. Gross margin declined to 36.7% from 42.2% due to volatile commodity and logistics costs, EBITDA margin contracted to 9.5% (down 223 bps), and PAT margin stood at 7.9% with PAT of Rs.16.2 crores, down 3%. The company repaid Rs.26 crores of debt, reducing outstanding debt to Rs.19 crores from Rs.46 crores. Management highlighted strong global approvals, 40% domestic market share, and 80% export revenue contribution. Utilization is at 65-70% with a target of 85% efficiency. CAPEX plans are absent for now, and the company has liquidated its Elpro International investment. Raw material costs remain petroleum-dependent, with 50% sourced domestically (Reliance, Finolex) and 50% imported. Competitors include Fenner (part of Michelin).

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About International Conveyors Ltd (INTLCONV)

Fast Moving Consumer Goods · Plantation & Plantation Products · Listed on BSE

Market Cap: ₹480.46 Cr P/E: 3.5 ROE: 37.6% ROCE: 40.2% Div Yield: 0.66%

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🔥 Also filed on 31 March 2022

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Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

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