The Company which I am going to talk is INTERNATIONAL CONVEYORS which is worlds Second largest solid wooven pvc belt manufacturer.
It is operating in a very Niche sector where there are high Barriers of Entry.
Now what makes this comapny so interesting or how am i expecting it to do very well? The answer lies in promoter action. Since last two years Promoters are on a buyimg spree, be it anyone i dont think anyone can understand the business better than promters
These are the Points which makes it more attdactive
- Promoter buying is continous, every quarter, everyday
- Zero Debt
- 150 crores of hard cash recived from selling elpro( Comoany market cap as on 7/7/22 is 470 croes)
- High barrieres to entry
- Company was just suppliying to coal and potash sector now supplying to gypsum, salt, phosohate etc
- 40% domestic market share
- Strong relationship with top companies like nutrien( worlds largest manyfacture of potash)
- Companys is growing at 25 to 30 percent annualy
CONCLUSION: Overall the Comapny has excellent fundamentals and most important is promoter buying. According to me this a pure gem stock
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