Is International Conveyors the Best Stock in Its Sector? A Look at the Numbers
- September 29, 2026
- Posted by: Harsh Piplani
- Category: Market
International Conveyors CMP Rs 80 (29 Sep 2026). Market cap Rs 510 Cr. ROE 16.11%. P/E 3.74x versus Industry P/E 23.35x.
Quick Answer
International Conveyors is one of the names investors compare when screening the Capital Goods sector, built on a 16.11% return on equity and a P/E of 3.74x against an Industry P/E of 23.35x. Whether International Conveyors is the best stock in its sector depends on whether an investor is optimising for return ratios, valuation, or both. This article breaks down the metrics, including a comparison against named Capital Goods sector peers, so you can judge that for yourself.
Is International Conveyors the best stock in its sector? The stock trades on the NSE at Rs 80 as of 29 September 2026, within its 52-week range of Rs 60.00 to Rs 114.54. International Conveyors Ltd manufactures conveyor belts for industrial and mining customers.
International Conveyors sits in the Capital Goods sector, and its 16.11% ROE and 3.74x P/E give a starting point for judging where it stands against comparable listed names. The rest of this article compares those numbers against verified peers and the sector’s Industry P/E benchmark.
Also read – Is Abbott India the Best Stock in Its Sector? A Look at the Numbers
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About International Conveyors
International Conveyors Ltd manufactures conveyor belts for industrial and mining customers. The stock is trading in the middle of its 52-week range, and its trailing earnings per share of Rs 21.34 is about a third of its Rs 66.53 book value per share, roughly double what the 16.11% ROE would imply, so recent earnings may include unusual items. At a market capitalisation of Rs 510 Cr, it is tracked as part of the Capital Goods sector on Univest.
Is International Conveyors the Best Stock in Its Sector?
International Conveyors makes its case as the best stock in its sector primarily on return on equity and balance sheet strength, combining a 16.11% ROE with a 3.74x P/E against the sector’s 23.35x Industry P/E. International Conveyors’ 3.74x P/E is far below the 23.35x Industry P/E, but trailing earnings per share of Rs 21.34 look high next to a 16.11% ROE, so a lower, more normal earnings level would make the stock look less cheap.
| Metric | International Conveyors |
|---|---|
| CMP (NSE) | Rs 80.31 |
| 52-Week High / Low | Rs 114.54 / Rs 60.00 |
| Market Cap | Rs 510 Cr |
| P/E (TTM) vs Industry P/E | 3.74x vs 23.35x |
| P/B | 1.20 |
| ROE | 16.11% |
| EPS (TTM) | Rs 21.34 |
| Dividend Yield | 0.63% |
| Debt to Equity | 0.17 |
Compare International Conveyors Against Other Capital Goods Sector Stocks
How International Conveyors Compares Against Its Capital Goods Sector Peers
The table below sets International Conveyors against 2 other Capital Goods sector names, using the same live data source for every company. A peer average row is included for P/E, ROE and debt to equity, calculated across the 2 peer companies.
| Company | Market Cap (Rs Cr) | P/E | ROE | Debt to Equity |
|---|---|---|---|---|
| International Conveyors | 510 | 3.74 | 16.11% | 0.17 |
| Elecon Engineering Company | 10,309 | 43.67 | 14.79% | 0.12 |
| Eimco Elecon India | 1,330 | 33.59 | 8.28% | 0.01 |
| Peer average (2 companies) | – | 38.63 | 11.54% | 0.07 |
Against this peer set, International Conveyors’s 16.11% ROE is above the 11.54% peer average, and its P/E of 3.74x runs below the peer average of 38.63x. International Conveyors’ 3.74x P/E is far below the 23.35x Industry P/E, but trailing earnings per share of Rs 21.34 look high next to a 16.11% ROE, so a lower, more normal earnings level would make the stock look less cheap.
What Makes International Conveyors Worth Watching in Capital Goods
- Very low P/E: A 3.74x P/E against a 23.35x Industry P/E is the widest discount in this batch, but it rests on trailing earnings that look unusually high.
- Solid ROE, low leverage: A 16.11% ROE and a debt to equity ratio of 0.17 look healthy.
- Dividend yield: A 0.63% dividend yield adds a small income component.
International Conveyors Valuation: Is It Justified?
International Conveyors’ 3.74x P/E is far below the 23.35x Industry P/E, but trailing earnings per share of Rs 21.34 look high next to a 16.11% ROE, so a lower, more normal earnings level would make the stock look less cheap. As with any single stock, investors should weigh this against their own valuation discipline and risk appetite rather than the sector label alone.
Also read – Is Indegene the Best Stock in Its Sector? A Look at the Numbers
Download the Univest iOS App or Univest Android App to track International Conveyors and other Capital Goods sector stocks.
How to Track International Conveyors Before You Invest
Before deciding whether International Conveyors deserves its label as the best stock in its sector for your own portfolio, compare it directly against Capital Goods sector peers using the steps below.
- Open the Univest Screener and search for International Conveyors to view live price, valuation ratios, and peer comparisons within the Capital Goods sector.
- Compare its P/E, P/B, and ROE against other Capital Goods sector stocks before deciding if the current valuation fits your strategy.
- Set a price alert around key support and resistance zones using the Univest app so you are notified of meaningful moves.
- Open a broking account on Univest if you decide to add the stock, and size the position based on your own risk appetite and portfolio allocation.
Conclusion
International Conveyors earns a place in the best stock in its sector conversation on the strength of a 16.11% ROE and a P/E of 3.74x against a 23.35x Industry P/E, with named peer comparisons in this article backing up that picture. As with any individual stock decision, this analysis is educational and investors should do their own research or consult a SEBI-registered advisor before investing.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
Is International Conveyors the best stock in its sector?
Ans. International Conveyors has a 16.11% ROE and trades at 3.74x P/E against a 23.35x Industry P/E, and compares above the peer average ROE of 11.54% in this article’s named comparison, so the answer depends on what an investor is prioritising.
What is the current share price of International Conveyors?
Ans. International Conveyors was trading at Rs 80.31 on the NSE as of 29 September 2026, within its 52-week range of Rs 60.00 to Rs 114.54.
What sector does International Conveyors belong to?
Ans. International Conveyors is classified under the Capital Goods sector on Univest.
How does International Conveyors compare to its sector peers on P/E?
Ans. International Conveyors’s P/E of 3.74x is below the 38.63x average of the 2 named peers compared in this article.
What is International Conveyors’s return on equity?
Ans. International Conveyors reported a return on equity of 16.11%, which is above the 11.54% average of its named peers in this comparison.
Should I invest in International Conveyors based on its sector position?
Ans. International Conveyors’s sector position and metrics make it worth researching further, but any investment decision should factor in your own risk appetite, its valuation relative to peers, and independent research or advice from a SEBI-registered advisor.
