About International Conveyors Limited

International Conveyors Limited (ICL) was established in 1973 and is a leading manufacturer of conveyor belts and related equipment, serving industries such as mining, cement, steel, and power. The company operates in multiple geographies and caters to a global clientele through its subsidiaries. It has a strong presence in both domestic and international markets, with production facilities in India and offices in Australia, the United States, and Singapore.

International Conveyors Limited Business Segments

ICL’s business is primarily driven by the manufacturing of conveyor belts, which are used in a variety of industries, including power, steel, cement, and mining. The company generates its revenue from both domestic and international markets. For the fiscal year 2024-25, it registered a growth in revenue from operations, with a 1.88% increase over the previous year. 

International Conveyors Limited Key Management

• Shri R. K. Dabriwala – Chairman & Managing Director (up to November 24, 2024)

• Shri Yogesh Kajaria – Chairman & Managing Director (from December 6, 2024)

• Shri A. K. Gulgulia – Chief Financial Officer

• Ms. Dipti Sharma – Company Secretary

Latest Updates on International Conveyors Limited

• The company has reported a strong financial performance for the fiscal year 2024-25, with a revenue growth of 1.88% and a 31.45% increase in profit before tax.

• ICL has declared a final dividend of Rs 0.75 per equity share, which reflects a 6.23% payout of the standalone net profit.

• The company has 3 wholly-owned subsidiaries and 1 step-down subsidiary, further expanding its reach in international markets. The closure of Conveyor Holdings Pte. Ltd. was approved during the year, making International Conveyors Australia Pty Ltd. a direct subsidiary of ICL.

• ICL also made a strategic move by increasing its stake in the company, with IGE (India) Pvt. Ltd. becoming the holding company of ICL as of May 23, 2024.