International Conveyors Ltd. is a mid-cap company engaged in the manufacturing of material handling equipment. With a market capitalization of ₹527 crore, ICL has been gaining attention from investors due to its strong fundamentals and bullish outlook.

Key Financial Indicators:
- Current Price: ₹83.2
- High / Low: ₹125 / ₹70.0
- Stock P/E: 6.58
- Book Value: ₹43.1
- Dividend Yield: 1.32%
- ROCE: 25.4%
- ROE: 25.6%
- Face Value: ₹1.00
- Chg in Prom Hold 3Yr: 6.86%
- Promoter holding: 68.6%
- Pledged percentage: 0.00%
Understanding the Indicators:
- Stock P/E: A relatively low P/E ratio of 6.58 suggests that company is currently undervalued compared to its peers. This could indicate a potential upside for the stock.
- Book Value: The book value of ₹43.1 indicates that the company’s assets exceed its liabilities. A higher book value can be a positive sign for investors.
- Dividend Yield: While the dividend yield of 1.32% is not exceptionally high, it does provide some income to investors.
- ROCE and ROE: Both ROCE (Return on Capital Employed) and ROE (Return on Equity) stand at a healthy 25.4% and 25.6%, respectively. This suggests that ICL is efficiently utilizing its capital to generate profits.
- Promoter Holding: A promoter holding of 68.6% is generally seen as a positive sign, as it indicates that the promoters have a significant stake in the company’s success.
Bullish View Above ₹89:
Based on the current financial indicators and technical analysis (not discussed in this post), there is a bullish sentiment prevailing above the ₹89 price level. If company can sustain above this level, it has the potential to reach the target price range of ₹132 to ₹150. In the longer term, the stock could even appreciate further to ₹200 or more.
Disclaimer: This blog post is for informational purposes only and does not constitute financial advice. Please consult with a qualified financial advisor before making any investment decisions.