International Conveyors Dividend 2026 — ₹0.50 Final Dividend, Record Date & Yield

At its meeting held on 20 May 2026, the Board of Directors of International Conveyors Limited approved the audited standalone and consolidated financial results for the quarter and year ended 31 March 2026 and recommended a final dividend of ₹0.50 per equity share (50%) for FY2025-26. The statutory auditors, M/s G. P. Agrawal & Co., issued an unmodified (clean) audit opinion on both standalone and consolidated results.

For an investor holding, say, 1,000 shares of International Conveyors, the gross dividend works out to ₹500. The payout is small in absolute terms because the face value is only ₹1 and the company has historically retained the bulk of its earnings to fund its conveyor-belting business and a sizeable investment book.

Being a final dividend, this International Conveyors dividend requires approval by shareholders at the Annual General Meeting before it is paid.

The key dates for the International Conveyors dividend are set out below. To be eligible for the dividend, an investor must hold the shares before the ex-dividend date, since Indian equities settle on a T+1 basis.

Record date is confirmed by the company's exchange intimation (record/cut-off date 17 September 2026). The precise payment date will follow AGM approval; based on prior years, International Conveyors has typically paid within about five weeks of the record date.

International Conveyors has a long dividend track record, but it is best described as a cyclical payer rather than a steadily rising one — the dividend has grown over a decade but has also been cut more than once, including this year.

What the history shows: the dividend climbed from around ₹0.05 a share (FY17-FY19) to a peak of ₹2.20 including the interim in FY24, before being cut to ₹0.75 in FY25 and now ₹0.50 in FY26. That is two consecutive years of reductions. The upward decade-long trend is real, but so is the volatility — International Conveyors adjusts the dividend to profit swings rather than defending a fixed payout, which matters for anyone buying primarily for income.

Dividend history sourced from exchange corporate-action records (TipRanks, Simply Wall St, Univest), FY24 interim per INDmoney. Amounts are per share at ₹1 face value.

Reported profit is an accounting opinion; cash is fact. On a consolidated basis for FY26, International Conveyors generated operating cash flow of ₹34.5 crore (up sharply from ₹14.9 crore in FY25) against reported PAT of ₹68.4 crore — an OCF-to-PAT ratio of about 50%.

Receivables check: consolidated trade receivables rose to ₹26.2 crore even as revenue grew 40% — receivable growth has lagged revenue growth, which is a healthy sign that sales are converting to cash rather than piling up as credit.

International Conveyors is a small-cap industrial machinery / conveyor-belting company. Direct listed peers are limited, so the comparison below is indicative and uses publicly reported metrics.

Takeaway: relative to the broader industrials space, International Conveyors offers a far lower payout ratio and a much cheaper valuation (P/E ~7x, P/B ~1.2x, well below the sector median). Its yield is average, but the low payout leaves substantial room to raise the dividend should management choose to.

Peer ranges are indicative sector benchmarks compiled from public sources (Value Research, Screener) and are not exact company-by-company matches. Not Disclosed by Company for a formal peer set.

Since the abolition of the Dividend Distribution Tax in FY2020-21, dividends in India are taxable in the hands of the shareholder at their applicable income-tax slab rate. Key rules:

• Dividend income is added to total income and taxed at your slab rate.
• TDS is deducted by the company at 10% if total dividend paid to a resident shareholder in a financial year exceeds ₹5,000 (for a valid PAN; 20% without PAN).
• Non-resident shareholders face TDS at 20% (plus surcharge/cess), subject to DTAA relief.

Taxation is general information, not tax advice. Consult a qualified tax professional for your specific situation.

• Earnings dependence on the investment book: a large share of profit comes from fair-value gains and income on investments (~66% of PBT this year came from other income). When markets are weak, headline profit — and the dividend — can fall, as seen in FY26.
• Dividend cut history: the payout has been reduced two years running (₹1.10 → ₹0.75 → ₹0.50). International Conveyors adjusts the dividend to profit, so income is not predictable.
• Customer concentration in mining/coal: conveyor belting demand is tied to coal, minerals and infrastructure capex; a slowdown in mining or a shift away from coal could hit core volumes.
• Export & forex exposure: with subsidiaries in the USA, Singapore and Australia, results carry currency and global-demand risk; two subsidiaries reported losses in FY26.
• Promoter reclassification / holding changes: requests for reclassification from the promoter group and changes in group-entity holdings warrant monitoring for governance and free-float impact.
• Small-cap liquidity: low trading volumes can mean higher price volatility and wider spreads for investors.

• Conveyor Belts segment margins and revenue — the core business grew ~63% in segment profit; track whether this operating momentum holds in FY27 quarterly results.
• Other income / investment gains as a share of profit — a falling proportion would signal higher-quality, more repeatable earnings.
• Operating cash flow trend — OCF improved to ₹34.5 Cr; watch whether cash conversion continues to strengthen.
• Dividend payout ratio — still under 5%; any move toward a higher, more stable payout would re-rate the stock for income investors.
• Promoter shareholding and reclassification outcome — monitor future shareholding filings and any change in free float.
• Order book and mining/infra capex cycle — the key external demand driver for conveyor belting.