{"id":130743,"date":"2022-06-21T10:02:28","date_gmt":"2022-06-21T14:02:28","guid":{"rendered":"https:\/\/44.250.171.167\/?p=130743"},"modified":"2022-10-06T04:22:43","modified_gmt":"2022-10-06T08:22:43","slug":"international-conveyors-ltd-q4-fy22-earnings-conference-call-insights","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/international-conveyors-ltd-q4-fy22-earnings-conference-call-insights\/","title":{"rendered":"International Conveyors Ltd Q4 FY22 Earnings Conference Call Insights"},"content":{"rendered":"

Key highlights from International Conveyors Ltd (INTLCONV<\/a>) Q4 FY22 Earnings Concall<\/strong><\/h2>\n

\u00a0<\/strong><\/p>\n

Q&A Highlights:<\/strong><\/h3>\n

Muzammil Usmani \u2013 Paramount – Analyst<\/strong><\/p>\n

    \n
  • Replacement and the new demand from the revenue generated and outlook?<\/li>\n<\/ul>\n

    Prasad Deshpande \u2013 ED<\/strong><\/p>\n

      \n
    • Each mines have their own blocks and they also explore new blocks.\n
        \n
      • As on date, it\u2019s 50:50.<\/li>\n<\/ul>\n<\/li>\n
      • Expects no change for the next 10-15 years.<\/li>\n<\/ul>\n

        \u00a0<\/strong><\/p>\n

        Muzammil Usmani \u2013 Paramount – Analyst<\/strong><\/p>\n

          \n
        • Timeframe for replacement?<\/li>\n<\/ul>\n

          Prasad Deshpande – ED<\/strong><\/p>\n

            \n
          • It depends since it\u2019s a marriage between the belt and the structure in the mines.<\/li>\n
          • The timeframe can be anything between 3-7 years.<\/li>\n<\/ul>\n

            \u00a0<\/strong><\/p>\n

            Nitin Gandhi – KIFS Trade Capital – Analyst<\/strong><\/p>\n

              \n
            • Reason for volatility in EBITDA margin.<\/li>\n<\/ul>\n

              Udit Sethia \u2013 Director<\/strong><\/p>\n

                \n
              • Demand supply imbalance due to COVID for the last couple of quarters.<\/li>\n
              • The volatility is expected to continue for a while, though a bit of moderation is seen.<\/li>\n
              • In logistics, things are normalizing but still far from normal.<\/li>\n<\/ul>\n

                \u00a0\u00a0<\/strong><\/p>\n

                Nitin Gandhi – KIFS Trade Capital – Analyst<\/strong><\/p>\n

                  \n
                • Nature of huge loans extended in 2022.<\/li>\n<\/ul>\n

                  Udit Sethia \u2013 Director<\/strong><\/p>\n

                    \n
                  • These are loans given by INTLCONV under the respective approvals and are given under market ICD rate.<\/li>\n
                  • It will give market rate return to the company.<\/li>\n
                  • These are 100% ICDs.<\/li>\n<\/ul>\n

                    \u00a0\u00a0<\/strong><\/p>\n

                    Deepak Poddar – Sapphire Capital – Analyst<\/strong><\/p>\n

                      \n
                    • Revenue growth outlook for FY23?<\/li>\n<\/ul>\n

                      Prasad Deshpande – ED<\/strong><\/p>\n

                        \n
                      • Can\u2019t give a specific number guidance, but it should be quite good.<\/li>\n<\/ul>\n

                        \u00a0<\/strong><\/p>\n

                        Saket Kapoor – Kapoor Company – Analyst<\/strong><\/p>\n

                          \n
                        • Plant utilization levels for FY21 and FY22 and the outlook for FY23.<\/li>\n<\/ul>\n

                          Prasad Deshpande \u2013 ED<\/strong><\/p>\n

                            \n
                          • Plants are operating at close to 70% efficiency.<\/li>\n
                          • Targeting to make it come to around 85% efficiency.<\/li>\n<\/ul>\n

                            \u00a0<\/strong><\/p>\n

                            Saket Kapoor – Kapoor Company – Analyst<\/strong><\/p>\n

                              \n
                            • Reason for raw material consumption to total sales going up; on a topline of INR205 crore, raw material consumption was INR127 crore?<\/li>\n<\/ul>\n

                              Prasad Deshpande \u2013 ED<\/strong><\/p>\n

                                \n
                              • Last year there was abnormal increase in raw material price, which is petroleum based for INTLCONV.<\/li>\n
                              • Took some time for INTLCONV to pass on the increase to the customer.<\/li>\n
                              • On a normal basis, it can be between 50-60%.<\/li>\n<\/ul>\n

                                \u00a0<\/strong><\/p>\n

                                Saket Kapoor – Kapoor Company – Analyst<\/strong><\/p>\n

                                  \n
                                • Competitors for the company?<\/li>\n<\/ul>\n

                                  Prasad Deshpande \u2013 ED<\/strong><\/p>\n

                                    \n
                                  • Major competition is with Fenner that is part of Michelin group.<\/li>\n<\/ul>\n

                                    \u00a0<\/strong><\/p>\n

                                    Amit Shah – AT Capital – Analyst<\/strong><\/p>\n

                                      \n
                                    • Freight cost for the company\u2019s business?<\/li>\n<\/ul>\n

                                      Prasad Deshpande – ED<\/strong><\/p>\n

                                        \n
                                      • Majority of the company\u2019s business is done on a FOB basis where freight is borne by the customer.<\/li>\n
                                      • To certain extent, where business is doing on non-FOB basis, the cost was passed on to the customers.<\/li>\n<\/ul>\n

                                        \u00a0<\/strong><\/p>\n

                                        Ricky Hinduja – Individual Investor – Analyst<\/strong><\/p>\n

                                          \n
                                        • Capex plans for FY23?<\/li>\n<\/ul>\n

                                          Udit Sethia \u2013 Director<\/strong><\/p>\n

                                            \n
                                          • Not foreseeing any capex plan.<\/li>\n
                                          • Want to consistently achieve capacity.<\/li>\n<\/ul>\n

                                            \u00a0<\/strong><\/p>\n

                                            Anurag Patil – Roha Asset Managers – Analyst<\/strong><\/p>\n

                                              \n
                                            • Percentage of revenue coming from long term contracts?<\/li>\n<\/ul>\n

                                              Prasad Deshpande \u2013 ED<\/strong><\/p>\n

                                                \n
                                              • Can\u2019t give figure on a percentage basis, but majority of the contracts are long term in the 5-7 year range.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"

                                                Key highlights from International Conveyors Ltd (INTLCONV) Q4 FY22 Earnings Concall \u00a0 Q&A Highlights: Muzammil Usmani \u2013 Paramount – Analyst Replacement and the new demand from the revenue generated and outlook? Prasad Deshpande \u2013 ED Each mines have their own blocks and they also explore new blocks. As on date, it\u2019s 50:50. Expects no change […]<\/p>\n","protected":false},"author":1767,"featured_media":125416,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[9825,392,12],"tags":[10042],"class_list":["post-130743","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-earnings-call-highlights","category-earnings","category-other-industries","tag-miscellaneous"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":130726,"url":"https:\/\/alphastreet.com\/india\/aether-industries-ltd-q4-fy22-earnings-conference-call-insights\/","url_meta":{"origin":130743,"position":0},"title":"Aether Industries Ltd Q4 FY22 Earnings Conference Call Insights","author":"Praveen","date":"June 20, 2022","format":false,"excerpt":"Key highlights from Aether Industries Ltd (AETHER) Q4 FY22 Earnings Concall \u00a0 Q&A Highlights: Gagan Thareja - ASK Investment Managers - Analyst Would growth get constrained due to lack of capacity for the first 3 quarters of FY23? 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