International Conveyors Reports Strong Sales Growth and Rising Promoter Confidence

International Conveyors, a microcap player in the industrial manufacturing sector, has recently undergone an evaluation adjustment that reflects notable underlying trends in its performance metrics. The company has reported a significant growth in net sales, achieving an impressive 109.28% increase in the latest quarter, which has contributed to a positive financial outlook.
In terms of profitability, the company’s profit after tax (PAT) for the nine-month period reached Rs 59.84 crore, marking a growth of 23.94%. Additionally, the return on capital employed (ROCE) has reached a high of 27.92%, indicating efficient use of capital. The operating profit to interest ratio stands at 5.69 times, showcasing strong operational performance relative to its financing costs.

Promoter confidence is also on the rise, with an increase in their stake by 0.54% in the last quarter, bringing their total holding to 69.14%. This trend suggests a strong belief in the company’s future prospects. Furthermore, International Conveyors has outperformed the broader market, generating a return of 15.65% over the past year, significantly higher than the BSE 500's returns.

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