International Conveyors (NSE:INTLCONV) Operating Income: ₹387 Mil (TTM As of Mar. 2026)

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NSE:INTLCONV International Conveyors Ltd NSE:INTLCONV
82 GF Score
Price ₹73.77
GF Value ₹120.91
Valuation Possible Value Trap
! 2 Warning Signs
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What is International Conveyors Operating Income?

International Conveyors NSE:INTLCONV -0.94% 82 Operating Income is ₹387 Mil as of Mar. 2026. GuruFocus rates NSE:INTLCONV with a GF Score™ of 82/100 and a GF Value™ of ₹120.91 (Possible Value Trap). The stock has 2 warning signs investors should review.

International Conveyors's Operating Income for the three months ended in Mar. 2026 was ₹182 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was ₹387 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. International Conveyors's Operating Income for the three months ended in Mar. 2026 was ₹182 Mil. International Conveyors's Revenue for the three months ended in Mar. 2026 was ₹970 Mil. Therefore, International Conveyors's Operating Margin % for the quarter that ended in Mar. 2026 was 18.79%.

Good Sign:

International Conveyors Ltd operating margin is expanding. Margin expansion is usually a good sign.

International Conveyors's 5-Year average Growth Rate for Operating Margin % was 11.30% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. International Conveyors's annualized ROC % for the quarter that ended in Mar. 2026 was 20.16%. International Conveyors's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 91.02%.


International Conveyors  (NSE:INTLCONV) Operating Income Explanation

1. Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

International Conveyors's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=729.2 * ( 1 - 32.83% )/( (0 + 2429.5)/ 1 )
=489.80364/2429.5
=20.16 %

where

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

International Conveyors's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=311.2/( ( (0 + max(0, 0)) + (142.8 + max(199.1, 0)) )/ 1 )
=311.2/( ( 0 + 341.9 )/ 1 )
=311.2/341.9
=91.02 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0) - (0 + 0 + 0)
=0

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(262 + 271.4 + 31.7) - (281.2 + 0 + 84.8)
=199.1

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. Operating Income is also linked to Operating Margin %:

International Conveyors's Operating Margin % for the quarter that ended in Mar. 2026 is calculated as:

Operating Margin %=Operating Income (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=182.3/970.3
=18.79 %

* 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.

4. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Operating Income growth rate using Operating Income per share data.


Be Aware

Compared with a company's EBITDA margin, Operating Margin can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin may decline. Often the Operating Margin declines well before the company's revenue or even profit decline. Therefore, Operating Margin is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia's Operating Margin had already been in decline since 2002, although its earnings per share were still rising. Investors who paid attention to Operating Margin would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.


International Conveyors Operating Income Related Terms


International Conveyors Operating Income Historical Data

* Premium members only.

The historical data trend for International Conveyors's Operating Income 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 Operating Income Chart

International Conveyors Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 179.56 291.93 193.94 197.30 386.50

International Conveyors Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Operating Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 101.00 50.30 104.20 49.70 182.30
NSE:INTLCONV
82GF Score
International Conveyors Ltd NSE:INTLCONV
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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International Conveyors Operating Income Calculation

Operating Income, is the profit a company earned through operations. All expenses, including cash expenses such as cost of goods sold (COGS), research & development, wages, and non-cash expenses, such as depreciation, depletion and amortization, have been deducted from the sales.

Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹387 Mil.

* 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.

Frequently Asked Questions Learn more about Operating Income →
What does a Operating Income of ₹387 Mil mean?
International Conveyors (NSE:INTLCONV) has a Operating Income of ₹387 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on International Conveyors and its competitors.
Is International Conveyors' Operating Income too high?
International Conveyors' current Operating Income is ₹387 Mil. 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' Operating Income compare to GEV and ETN?
International Conveyors' Operating Income of ₹387 Mil can be compared against companies in the Industrial Products industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Income for an Industrial Products company?
A good Operating Income depends on the Industrial Products industry context. However, Operating Income 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 Operating Income mean?
A high Operating Income can signal that a stock is expensive relative to its fundamentals. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on International Conveyors and its competitors. International Conveyors's current Operating Income is ₹387 Mil. 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 ₹120.91, compared to a current price of ₹73.77 — trading 39% below its estimated fair value. The current Operating Income is ₹387 Mil. International Conveyors' overall GF Score™ is 82/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Income calculated?
Operating Income is calculated from a company's financial statements. For International Conveyors (NSE:INTLCONV), the current Operating Income is ₹387 Mil as of Mar. 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 ₹73.77 is trading 39% below its estimated GF Value™ of ₹120.91. GuruFocus considers International Conveyors to be Possible Value Trap.

Key valuation signals for NSE:INTLCONV:

  • Operating Income: ₹387 Mil
  • GF Value™: ₹120.91 vs. price of ₹73.77 (39% below fair value)
  • GF Score™: 82/100 with 2 warning signs

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 Business Description

Other Exchanges 509709:India
Address Middleton Row, No. 10, Kolkata, WB, IND, 700071
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

Get the complete analysis for NSE:INTLCONV

Operating Income is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹73.77
Price
₹120.91
GF Value