International Conveyors Shares Rally Over 15% Following Promoter Stake Expansion

International Conveyors Shares Rally Over 15% Following Promoter Stake Expansion

International Conveyors Ltd (ICL) recently witnessed a notable increase in its stock value, recording a gain exceeding 15% in a single trading session. This significant upward movement was largely driven by a rise in the promoter’s ownership, often regarded as a promising indicator for the company’s future path.

Promoters Expand Their Holdings

International Conveyors’ stock, which had previously traded under ₹90, experienced a strong boost after the promoters added to their shareholding. On June 12, 2025, the promoters acquired 59,941 shares at an average rate of ₹86.60 per share, lifting their total ownership to about 0.76%, equating to 4,79,803 units.
Further solidifying their position, the promoters purchased another 33,688 shares on June 13, 2025, at an average cost of ₹85.70 per share. This brought their combined stake to approximately 0.81%, amounting to 5,13,491 shares. These purchases were officially reported to the stock exchanges on June 17, 2025. Repeated promoter buying is commonly seen as a firm indication of the management’s long-term belief in the company’s potential.

Notable Stock Performance

Post these acquisitions, International Conveyors’ share price surged to an intraday peak of ₹90.30 from the previous closing rate of ₹78.04, marking a sharp increase of nearly 15.7%. The stock market responded positively to the promoter’s continuous buying, with many interpreting it as a reflection of internal confidence in the company’s outlook.
Typically, increasing promoter holdings are viewed as positive signals, enhancing investor confidence in the company’s growth trajectory.

Strategic Investment: JSW One Platforms

In addition to the promoter’s stake expansion, International Conveyors recently made a calculated investment in JSW One Platforms Ltd. The company obtained 710 Compulsorily Convertible Preference Shares (CCPS) of JSW One, allocating a total investment of ₹40.24 crore.
JSW One Platforms is an emerging B2B e-commerce player dedicated to optimizing industrial supply chains. The company reported a turnover of ₹3,962.8 crore in the fiscal year 2024-25. International Conveyors’ investment in this platform highlights its approach to diversifying into promising digital sectors aligned with industrial advancements.

Strong Financial Performance

International Conveyors posted impressive financial results for the March 2025 quarter. The company’s revenue climbed by 64%, reaching ₹56.07 crore compared to ₹34.12 crore in the same quarter of the previous fiscal. Its net profit more than doubled, rising to ₹13.03 crore from ₹6.07 crore on a year-over-year basis.
The company upholds a stable financial foundation, demonstrated by a debt-to-equity ratio of 0.24, suggesting limited borrowing pressure. Its price-to-earnings (P/E) ratio stands at around 6.09, considerably lower than the sector average of approximately 33.9, suggesting attractive valuations. Additionally, its price/earnings to growth (PEG) ratio of about 0.13 signifies favorable pricing when compared to its profit expansion.
Over the past three years, International Conveyors has consistently delivered an average profit growth of 56.8%. Promoters currently own more than 65% of the company’s total shares, which further strengthens investor trust in the company’s operational stability.

Company Profile and Market Reach

Founded in 1973 and headquartered in Aurangabad, International Conveyors is globally recognized for its specialization in manufacturing PVC conveyor belts. The company is the world’s second-largest producer in this category, with over 90% of its output exported to key international markets, including the United States, Canada, Australia, and South Africa.
The company serves a highly reputable clientele, including major names such as Shree Cement, Tata Steel, Coal India, and Glencore. This broad global presence and long-standing customer partnerships have significantly contributed to its sustained success and industry reputation.

Conclusion

The recent increase in International Conveyors’ share value is closely tied to the promoter’s active investment and the company’s strategic move into new business areas. Supported by robust financial growth, attractive valuation metrics, and a wide global footprint, these factors position International Conveyors as a promising choice for long-term investors.
As the company continues to pursue fresh growth initiatives and reinforce its market presence, it is expected to retain substantial investor interest focused on future performance.

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