The company announced the board meet before trading hours today, 16 October 2009.

Meanwhile, the BSE Sensex was up 120.77 points, or 0.70%, to 17,315.97.

On BSE, 1,311 shares were traded in the counter as against an average daily volume of 1,390 shares in the past one quarter.

The stock hit a high of Rs 609 and a low of Rs 608 so far during the day. The stock had hit a 52-week high of Rs 704.95 on 1 October 2009 and a 52-week low of Rs 101 on 24 December 2008.

The small-cap stock had outperformed the market over the past one month till 15 October 2009, rising 21.01% as compared to the Sensex's 4.50% rise. It had also outperformed the market in the past one quarter, soaring 101.99% as compared to the Sensex's return of 20.64%.

The company's equity capital is Rs 3.38 crore. Face value per share is Rs 10.

The current price of Rs 609 discounts the company's Q1 June 2009 annualized EPS of Rs 36.92, by a PE multiple of 16.50.

International Conveyors' net profit spurted 372.7% to Rs 3.12 crore on 65.1% rise net sales to Rs 22.49 crore in Q1 June 2009 over Q1 June 2008.

The company is engaged in manufacturing and selling PVC conveyor belt solutions. The product includes PVC fire resistant antistatic solid woven coal conveyor belting. The company operates in three segments: conveyor belting, trading goods and wind energy.