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In calculating the Net-Net Working Capital (NNWC), Benjamin Graham assumed that a company's accounts receivable is only worth 75% its value, its inventory is only worth 50% of its value, but its liabilities have to be paid in full. In addition, Graham believed that preferred stock belongs on the liability side of the balance sheet, not as part of capital and surplus. This is a conservative way of estimating the company's value.
International Conveyors's Net-Net Working Capital for the quarter that ended in Jun. 2026 was ₹0.00.
The industry rank for International Conveyors's Net-Net Working Capital or its related term are showing as below:
NSE:INTLCONV's Price-to-Net-Net-Working-Capital is ranked better than 85.14% of 1319
companies
in the Industrial Products industry
Industry Median: 8.33
vs NSE:INTLCONV: 2.63
International Conveyors (NSE:INTLCONV) Net-Net Working Capital Explanation
One research study, covering the years 1970 through 1983 showed that portfolios picked at the beginning of each year, and held for one year, returned 29.4 percent, on average, over the 13-year period, compared to 11.5 percent for the S&P 500 Index. Other studies of Graham's strategy produced similar results.
Benjamin Graham looked for companies whose market values were less than two-thirds of their net-net value. They are collected under our Net-Net screener.
International Conveyors Net-Net Working Capital Related Terms
International Conveyors Net-Net Working Capital Historical Data
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The historical data trend for International Conveyors's Net-Net Working Capital can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
International Conveyors Net-Net Working Capital Chart
NSE:INTLCONV vs GEV, ETN, PH: Net-Net Working Capital Comparison
For the Specialty Industrial Machinery subindustry, International Conveyors's Price-to-Net-Net-Working-Capital, along with its competitors' market caps and Price-to-Net-Net-Working-Capital data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
International Conveyors Price-to-Net-Net-Working-Capital vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, International Conveyors's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where International Conveyors's Price-to-Net-Net-Working-Capital falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
In calculating the Net-Net Working Capital (NNWC), Benjamin Graham assumed that a company's accounts receivable is only worth 75% its value, its inventory is only worth 50% of its value, but its liabilities have to be paid in full.
In addition, Graham believed that preferred stock belongs on the liability side of the balance sheet, not as part of capital and surplus. In "Security Analysis", preferred stock is dubbed "an imperfect creditorship position" that is best placed on the balance sheet alongside funded debt.
This is a conservative way of estimating the company's value.
What does a Net-Net Working Capital of ₹0.00 mean?
International Conveyors (NSE:INTLCONV) has a Net-Net Working Capital of ₹0.00 as of Jun. 2026. Ben Graham defined net-net working capital as the per-share sum of cash, 75% of receivables and 50% of inventory less total liabilities. View historical data on International Conveyors According to the industry distribution chart, International Conveyors ranks #196 out of 1319 companies in the Industrial Products industry, placing it in the top 14.9%.
Is International Conveyors' Net-Net Working Capital too high?
International Conveyors' current Net-Net Working Capital is ₹0.00. Based on the distribution chart, International Conveyors ranks #196 out of 1319 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, International Conveyors has a GF Score™ of 82/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does International Conveyors' Net-Net Working Capital compare to GEV and ETN?
According to the Industrial Products industry distribution chart, International Conveyors ranks #196 out of 1319 companies for Net-Net Working Capital. This places International Conveyors in the top 15% of its industry — outperforming the majority of peers. The industry median Net-Net Working Capital is 8.33. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net-Net Working Capital for an Industrial Products company?
The median Net-Net Working Capital among Industrial Products companies is 8.33, based on 1,319 companies in the industry. Companies in the top quartile (top 25%) have a Net-Net Working Capital significantly above this median, while those in the bottom quartile fall well below. However, Net-Net Working Capital should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net-Net Working Capital mean?
A high Net-Net Working Capital can signal that a stock is expensive relative to its fundamentals. Ben Graham defined net-net working capital as the per-share sum of cash, 75% of receivables and 50% of inventory less total liabilities. View historical data on International Conveyors For the Industrial Products industry, the median Net-Net Working Capital is 8.33 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. International Conveyors's current Net-Net Working Capital is ₹0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is International Conveyors stock overvalued right now?
Based on GuruFocus' analysis, International Conveyors (NSE:INTLCONV) is currently considered Possible Value Trap. The stock's GF Value™ is ₹120.62, compared to a current price of ₹76.66 — trading 36.4% below its estimated fair value. The current Net-Net Working Capital is ₹0.00. International Conveyors' overall GF Score™ is 82/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net-Net Working Capital calculated?
Net-Net Working Capital is calculated from a company's financial statements. For International Conveyors (NSE:INTLCONV), the current Net-Net Working Capital is ₹0.00 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is International Conveyors (NSE:INTLCONV) Overvalued in 2026?
Based on GuruFocus' analysis, International Conveyors stock appears to be undervalued.
The current stock price of ₹76.66 is trading 36.4% below its estimated GF Value™ of ₹120.62.
GuruFocus considers International Conveyors to be Possible Value Trap.
Key valuation signals for NSE:INTLCONV:
Net-Net Working Capital: ₹0.00
GF Value™: ₹120.62 vs. price of ₹76.66 (36.4% below fair value)
No single metric tells the full story. See the NSE:INTLCONV stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
International Conveyors Ltd is engaged in manufacturing and trading of Conveyor belting and fitting and accessories; and generation and sale of power. The company is manufactures and markets solid woven fabric reinforced PVC impregnated and PVC covered fire retardant, anti static conveyor belting. The company operates its business through the segments of Conveyor Belting, Wind Energy, Trading Goods, and Treasury segment. The Conveyor Belting segment, which is the key revenue driver, includes PVC fire-resistant antistatic solid woven coal conveyor belting whereas the Wind Energy segment includes generation, supply, and sale of wind power. The group sells its products in India and also exports them to other countries, of which key revenue is derived from the export sales made.
82GF Score
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