---
title: "International Constructions Ltd (SUBCAPCITY) — Share Price, Financials & Analysis"
symbol: "SUBCAPCITY"
company: "International Constructions Ltd"
canonical: "https://tapetide.com/stocks/SUBCAPCITY"
isin: "INE845C01016"
nse_symbol: "SUBCAPCITY"
sector: "Industrials"
industry: "Construction"
generated_at: "2026-09-13T19:16:35.800Z"
---

# International Constructions Ltd (SUBCAPCITY)

Canonical page: https://tapetide.com/stocks/SUBCAPCITY

## Company

- **NSE Symbol:** SUBCAPCITY
- **ISIN:** INE845C01016
- **Sector:** Industrials
- **Industry:** Construction
- **Macro Sector:** Industrials
- **Stock Type:** EQUITY
- **Face Value:** ₹10
- **F&O Eligible:** No

## About

International Constructions is engaged in the business of infrastructure devetopment which inter'atia includes water management, water infrastructure development, and other civiI infrastructures. Information about the Group structure.

## Latest Price

- **Price:** ₹89.05
- **Change:** 0 (0%)
- **Open:** ₹89.05
- **Day High:** ₹89.05
- **Day Low:** ₹89.05
- **Previous Close:** ₹89.05
- **Volume:** 0
- **As Of:** 2023-01-04T04:29:59+00:00

## Key Insights

### Strengths

- Stock is trading at 0.61 times its book value
- Debtor days have improved from 136 to 72.2 days.

### Weaknesses

- Company has low interest coverage ratio.
- Company has a low return on equity of -18.5% over last 3 years.
- Contingent liabilities of Rs.47.1 Cr.
- Working capital days have increased from -182 days to 144 days

## Growth Rates

| Metric | 5Y |
| --- | --- |
| revenue growth | 181% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Dec 2019 | Mar 2020 | Jun 2020 | Sep 2020 | Dec 2020 | Mar 2021 | Jun 2021 | Sep 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 0 | 0 | 0 | 0 | 8 | 9 | 2 | 2 | 2 | 2 | 2 | 52 |
| Expenses | 1 | 7 | 1 | 0 | 7 | 2 | 2 | 2 | 2 | 2 | 2 | 79 |
| Operating Profit | -1 | -7 | -1 | 0 | 0 | 6 | 0 | 0 | -1 | 0 | 0 | -27 |
| OPM % | — | — | — | — | 4.6 | 71 | -1.3 | -17 | -35 | -25 | -19 | -53 |
| Other Income | 0 | 1 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 2 | 0 | 3 |
| Interest | 0 | 1 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 1 | 0 | 2 |
| Depreciation | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 5 |
| Profit before tax | -1 | -6 | -1 | 0 | 0 | 5 | 0 | -1 | -1 | 1 | 0 | -31 |
| Tax % | -6 | -30 | -5 | 60 | 98 | 35 | 30 | 33 | -54 | -108 | -38 | 6 |
| Net Profit | -1 | -5 | -1 | -1 | 0 | 4 | -1 | 0 | 0 | 2 | 0 | -25 |
| EPS in Rs | -2.53 | -12.48 | -2.31 | -3.03 | 0.66 | 10.8 | -1.46 | -1.35 | -1.35 | 5.15 | -0.72 | -69.17 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 19 | 1 | 1 | 2 | 0 | 16 | 7 | 105 |
| Expenses | 17 | 1 | 3 | 2 | 8 | 10 | 8 | 112 |
| Operating Profit | 2 | 0 | -2 | 0 | -8 | 6 | -1 | -7 |
| OPM % | 9 | 6 | -322 | 3.2 | — | 38 | -15 | -7 |
| Other Income | 7 | 0 | 1 | 0 | 1 | 2 | 3 | 9 |
| Interest | 4 | 2 | 1 | 1 | 1 | 2 | 2 | 4 |
| Depreciation | 2 | 0 | 1 | 1 | 1 | 1 | 1 | 10 |
| Profit before tax | 3 | -1 | -2 | -1 | -9 | 5 | -1 | -12 |
| Tax % | 43 | 11 | 0 | 13 | -23 | 53 | -137 | 37 |
| Net Profit | 6 | 4 | -1 | -1 | -7 | 2 | 0 | -16 |
| EPS in Rs | 16.86 | 11.87 | -1.57 | -3.72 | -18.73 | 6.12 | 0.99 | -45.12 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 |
| Reserves | 41 | 44 | 42 | 34 | 23 | 27 | 31 | 49 |
| Borrowings | 28 | 14 | 14 | 10 | 9 | 11 | 14 | 33 |
| Other Liabilities | 22 | 20 | 34 | 48 | 40 | 44 | 52 | 76 |
| Total Liabilities | 94 | 82 | 94 | 96 | 75 | 86 | 101 | 162 |
| Fixed Assets | 59 | 53 | 61 | 60 | 53 | 55 | 52 | 47 |
| CWIP | 2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 14 | 20 | 21 | 27 | 18 | 16 | 21 | 11 |
| Other Assets | 19 | 9 | 11 | 9 | 4 | 15 | 27 | 104 |
| Total Assets | 94 | 82 | 94 | 96 | 75 | 86 | 101 | 162 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | — | 7 | -2 | -4 | -5 | -4 | 18 | -10 |
| Cash from Investing Activity | — | 3 | 0 | 4 | 12 | -1 | -20 | -21 |
| Cash from Financing Activity | — | -14 | 2 | -1 | -7 | 5 | 2 | 41 |
| Net Cash Flow | — | -5 | 0 | 0 | 0 | 0 | 0 | 11 |
| Free Cash Flow | — | 14 | -1 | -3 | 2 | -8 | 20 | -34 |
| CFO/OP | — | 9757 | 115 | -3000 | 50 | -29 | -1552 | 135 |

### Ratios

| Item | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 129 | 131 | 2689 | 483 | — | 182 | 155 | 72 |
| Inventory Days | 0 | — | — | — | — | 243 | 209 | — |
| Days Payable | — | — | — | — | — | 1494 | 123 | — |
| Cash Conversion Cycle | 129 | 131 | 2689 | 483 | — | -1069 | 241 | 72 |
| Working Capital Days | -330 | -3881 | -8882 | -700 | — | -125 | -566 | 144 |
| ROCE % | — | 1 | -3 | 0 | -11 | 10 | 0 | -12 |

## Shareholding Pattern

### annual

| Category | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Sep 2022 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 86.27% | 86.27% | 75% | 75% | 75% | 75% | 75% |
| Public | 13.74% | 13.74% | 24.99% | 24.99% | 25% | 25% | 25% |
| No. of Shareholders | 90 | 90 | 150 | 161 | 310 | 469 | 974 |

### Quarterly

| Category | Sep 2019 | Dec 2019 | Mar 2020 | Sep 2020 | Dec 2020 | Mar 2021 | Jun 2021 | Sep 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 75% | 75% | 75% | 75% | 75% | 75% | 75% | 75% | 75% | 75% | 75% | 75% |
| Public | 24.99% | 24.98% | 24.99% | 25% | 25.01% | 25% | 25% | 25% | 25.01% | 25% | 25% | 25% |
| No. of Shareholders | 158 | 163 | 161 | 279 | 287 | 310 | 357 | 380 | 385 | 469 | 621 | 974 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Sell
- **Buy / Neutral / Sell:** 4 / 6 / 9

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 83.87 | Buy |
| EMA (10) | 85.16 | Buy |
| SMA (20) | 89.41 | Sell |
| EMA (20) | 88.6 | Buy |
| SMA (50) | 98.36 | Sell |
| EMA (50) | 101.34 | Sell |
| SMA (100) | 138.02 | Sell |
| EMA (100) | 114.62 | Sell |
| SMA (200) | 121.24 | Sell |
| EMA (200) | 109.72 | Sell |

### Oscillators — summary: **Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 47.14 | Neutral |
| MACD (12,26,9) | -5.06 | Buy |
| Stochastic (14,3,3) | 34.93 | Neutral |
| ADX (14) | 21.37 | Neutral |
| Williams %R (14) | -50.44 | Neutral |
| ATR (14) | 6.34 | High Volatility |
| ROC (12) | -5.27 | Sell |
| Stoch RSI (14) | 100 | Sell |
| UO (7,14,28) | 45.73 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 6 Jan 2023 - International Constructions Limited has informed about Loss of Share Certificates | [Loss of Share Certificates 6 Jan 2023 - International Constructions Limited has informed about Loss of Share Certificates](https://archives.nseindia.com/corporate/SUBCAPCITY_06012023175016_ICL_Issue_of_Letter_of_Confirmation_Intimation.pdf) |
| 29 Nov 2022 - International Constructions Limited has informed about Loss of share certificate. | [Loss of share certificate 29 Nov 2022 - International Constructions Limited has informed about Loss of share certificate.](https://archives.nseindia.com/corporate/SUBCAPCITY_29112022121927_ICL_IssueofLetterofConfirmation_Intimation.pdf) |
| 27 Dec 2022 - International Constructions Limited has informed about Voluntary Delisting. This is in reference with Voluntary Delisting of Equity Shares of International Constructions Limited (''the Company'') in … | [Voluntary Delisting 27 Dec 2022 - International Constructions Limited has informed about Voluntary Delisting. This is in reference with Voluntary Delisting of Equity Shares of International Constructions Limited (''the Company'') in …](https://archives.nseindia.com/corporate/SUBCAPCITY_27122022175655_ICL_Exit_Letter_of_Offer_Final.pdf) |
| 24 Dec 2022 - National Stock Exchange of India limited ("NSE") have issued final approvals vide Circular Ref. No: 1552/2022 dated 22nd December, 2022, in compliance with regulation 26 … | [Voluntary Delisting 24 Dec 2022 - National Stock Exchange of India limited ("NSE") have issued final approvals vide Circular Ref. No: 1552/2022 dated 22nd December, 2022, in compliance with regulation 26 …](https://archives.nseindia.com/corporate/SUBCAPCITY_24122022185613_ICL_Exit_Offer_Newspaper_publication.pdf) |
| 22 Dec 2022 - The trading in the equity shares of the company International Constructions Limited (SUBCAPCITY) shall be suspended w.e.f. January 05, 2023 (i.e. w.e.f. closing hours of … | [Voluntary Delisting 22 Dec 2022 - The trading in the equity shares of the company International Constructions Limited (SUBCAPCITY) shall be suspended w.e.f. January 05, 2023 (i.e. w.e.f. closing hours of …](https://www.nseindia.com/get-quotes/equity?symbol=SUBCAPCITY) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2022 from nse](https://archives.nseindia.com/annual_reports/AR_21738_SUBCAPCITY_2021_2022_08092022192334_09082022200007.zip) |
| from nse | [Annual Report 2021 from nse](https://archives.nseindia.com/annual_reports/AR_19725_SUBCAPCITY_2020_2021_08092021172632_09082021180030.zip) |
| from nse | [Annual Report 2020 from nse](https://archives.nseindia.com/annual_reports/AR_17665_SUBCAPCITY_2019_2020_08092020203435_08092020210003.zip) |
| from nse | [Annual Report 2019 from nse](https://archives.nseindia.com/annual_reports/AR_15992_SUBCAPCITY_2018_2019_11092019160424_11092019170003.zip) |
| from nse | [Annual Report 2018 from nse](https://archives.nseindia.com/annual_reports/AR_13767_SUBCAPCITY_2017_2018_29092018113156.zip) |
| from nse | [Annual Report 2017 from nse](https://archives.nseindia.com/annual_reports/AR_11417_SUBCAPCITY_2016_2017_15092017161913.zip) |
| from nse | [Annual Report 2015 from nse](https://archives.nseindia.com/annual_reports/AR_8162_SUBCAPCITY_2014_2015_14092015102620.zip) |
| from nse | [Annual Report 2011 from nse](https://archives.nseindia.com/annual_reports/AR_SUBCAPCITY_2010_2011_25062012121036.zip) |
| from nse | [Annual Report 2010 from nse](https://archives.nseindia.com/annual_reports/AR_SUBCAPCITY_2009_2010_13062011050505.zip) |

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Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T19:16:35.800Z.