Ishan International Ltd
ISHAN NSE
Ishan International Ltd
Capital GoodsNSE: ISHAN Industrial Products
Key Fundamentals
SMEIndustrial ProductsCapital GoodsMarket Cap
₹10.81 Cr
Volatility
Moderate
P/E Ratio
25
EBITDA
₹1.50 Cr
Return on Equity
2.18%
Debt to Equity
0.27
Book Value
₹1.06
52W High
₹0.95
52W Low
₹0.45
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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29 extracted metrics + investor summaries across FY20–FY26.
Tapetide Score
Data-driven rating, 0–100. How it works →
Technical Indicators
Key Insights
Strengths
1- Stock is trading at 0.47 times its book value
Weaknesses
5- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding has decreased over last quarter: -1.02%
- The company has delivered a poor sales growth of 3.90% over past five years.
- Company has a low return on equity of 1.69% over last 3 years.
- Earnings include an other income of Rs.0.81 Cr.
Growth Rate
Revenue Growth
65.44% ↗
Net Income Growth
-58.33% ↘
Cash Flow Change
-1840.82% ↘
ROE
-89.14% ↘
ROCE
-84.93% ↘
EBITDA Margin (Avg.)
-70.47% ↘
Quarterly Results
| Sep 2021 | Mar 2022 | Sep 2022 | Mar 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 9.68 | 13.36 | 13.36 | 22.34 | 9.01 | 21.12 | 29.95 | 42.71 | 13.39 | 13.5 |
| Expenses | 8.84 | 12.66 | 12.65 | 21.78 | 9.44 | 20.48 | 29.3 | 43.27 | 13.04 | 13.34 |
| Operating Profit | 0.84 | 0.7 | 0.71 | 0.56 | -0.43 | 0.64 | 0.65 | -0.56 | 0.35 | 0.16 |
| OPM % | 8.68% | 5.24% | 5.31% | 2.51% | -4.77% | 3.03% | 2.17% | -1.31% | 2.61% | 1.19% |
| Other Income | 0.03 | -0.66 | -0.88 | 0.91 | 0.86 | 0.54 | 0.29 | 0.61 | 0.38 | 0.44 |
| Interest | 0.4 | 0.4 | 0.4 | 0.25 | 0.31 | 0.28 | 0.34 | 0.21 | 0.26 | 0.2 |
| Depreciation | 0.02 | 0.09 | 0.09 | 0.09 | 0.09 | 0.08 | 0.14 | 0.01 | 0.19 | 0.14 |
| PBT | 0.45 | -0.45 | -0.66 | 1.13 | 0.03 | 0.82 | 0.46 | -0.17 | 0.28 | 0.26 |
| Tax % | 22.22% | 2.22% | 1.52% | 13.27% | 66.67% | 31.71% | 28.26% | -29.41% | 67.86% | -19.23% |
| Net Profit | 0.36 | -0.45 | -0.67 | 0.97 | 0.02 | 0.56 | 0.33 | -0.11 | 0.09 | 0.31 |
| EPS in Rs | 0.02 | -0.03 | -0.03 | 0.04 | 0 | 0.03 | 0.02 | -0.01 | 0 | 0.01 |
Profit & Loss
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Sales | 21.91 | 22.21 | 21.12 | 35.7 | 30.13 | 72.65 | 26.89 |
| Expenses | 21.75 | 21.57 | 18.71 | 34.37 | 29.92 | 72.56 | 26.37 |
| Operating Profit | 0.16 | 0.64 | 2.41 | 1.33 | 0.21 | 0.09 | 0.52 |
| OPM % | 0.73% | 2.88% | 11.41% | 3.73% | 0.7% | 0.12% | 1.93% |
| Other Income | 0.81 | 0.5 | 0.35 | 0.22 | 1.39 | 0.9 | 0.81 |
| Interest | 0.51 | 0.88 | 0.87 | 0.72 | 0.59 | 0.55 | 0.46 |
| Depreciation | 0.08 | 0.06 | 0.05 | 0.18 | 0.16 | 0.15 | 0.34 |
| PBT | 0.38 | 0.2 | 1.84 | 0.65 | 0.85 | 0.29 | 0.53 |
| Tax % | 26.32% | 25% | 32.07% | 20% | 31.76% | 24.14% | 24.53% |
| Net Profit | 0.28 | 0.15 | 1.24 | 0.52 | 0.57 | 0.21 | 0.4 |
| EPS in Rs | 0.07 | 0.04 | 0.08 | 0.02 | 0.03 | 0.01 | 0.02 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Balance Sheet
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 1.34 | 1.34 | 4.93 | 7.21 | 21.62 | 21.62 | 21.62 |
| Reserves | 3.47 | 3.63 | 1.27 | 16.61 | 2.08 | 0.95 | 1.37 |
| Borrowings | 5.8 | 7.3 | 8.51 | 4.83 | 6.03 | 6.07 | 6.11 |
| Other Liabilities | 6.43 | 2.25 | 6.98 | 6.4 | 68.45 | 41.13 | 5.19 |
| Total Liabilities | 17.04 | 14.52 | 21.69 | 35.05 | 98.18 | 69.77 | 34.29 |
| Fixed Assets | 0.22 | 0.16 | 1.62 | 1.46 | 1.73 | 1.76 | 1.43 |
| CWIP | 1.52 | 1.52 | 0 | 0 | 0 | 0 | 0 |
| Investments | 1.04 | 1.08 | 0.84 | 4.34 | 4.56 | 4.59 | 4.43 |
| Other Assets | 14.26 | 11.76 | 19.23 | 29.25 | 91.89 | 63.42 | 28.43 |
| Total Assets | 17.04 | 14.52 | 21.69 | 35.05 | 98.18 | 69.77 | 34.29 |
Cash Flow
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Operating | -0.32 | -0.23 | -0.49 | -6.12 | 0.47 | -0.29 | -0.06 |
| Investing | -0.01 | 0.19 | 0.48 | -3.58 | -0.27 | 0.16 | 0.63 |
| Financing | 0.36 | -0.65 | 0.3 | 12.95 | -0.12 | -1.87 | -0.42 |
| Net Cash Flow | 0.02 | -0.69 | 0.3 | 3.25 | 0.08 | -2 | 0.15 |
| Free Cash Flow | -0.45 | -0.23 | -0.48 | -6.14 | 0.04 | -0.47 | -0.12 |
| CFO/OP | -138 | -28 | 4 | -460 | 352 | -244 | 15 |
Ratios
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 97.62 | 86.94 | 205 | 134 | 174 | 29.19 | 114 |
| Inventory Days | — | — | — | — | — | — | 6.64 |
| Days Payable | — | — | — | — | — | — | 51.74 |
| Cash Conversion Cycle | 97.62 | 86.94 | 205 | 134 | 174 | 29.19 | 68.92 |
| Working Capital Days | 16.99 | 21.53 | 49.95 | 143 | 158 | 66.67 | 193 |
| ROCE % | — | 9.44% | 22.09% | 6.32% | 4.93% | 2.88% | 3.43% |
Documents
1
Outcome of Board Meeting
22 Aug - On Aug 22, 2026, board approved FY26 report, AGM, remuneration revisions, property purchase, and noted NSE fine, SEBI notice. 22 Aug - On Aug 22, 2026, board approved FY26 report, AGM, remuneration revisions, property purchase, and noted NSE fine, SEBI notice.
2
Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
12 Aug - SEBI issued SCN on 10 Aug 2026 over ₹18.24 crore IPO proceeds; penalties may follow. 12 Aug - SEBI issued SCN on 10 Aug 2026 over ₹18.24 crore IPO proceeds; penalties may follow.
3
Certificate under SEBI (Depositories and Participants) Regulations, 2018
15 Jul - Submitted Regulation 74(5) depository certificate for quarter ended June 30, 2026. 15 Jul - Submitted Regulation 74(5) depository certificate for quarter ended June 30, 2026.
4
Reply to Clarification- Financial results
8 Jul - Ishan International submitted audited FY26 results, unmodified audit opinion, and clarified missing balancing-figures note. 8 Jul - Ishan International submitted audited FY26 results, unmodified audit opinion, and clarified missing balancing-figures note.
5
Clarification - Financial Results
17 Jun - Exchange has sought clarification from Ishan International Limited for the quarter ended 31-Mar-2026 with respect to Regulation 33 of the SEBI (LODR) Regulations, 2015. On … 17 Jun - Exchange has sought clarification from Ishan International Limited for the quarter ended 31-Mar-2026 with respect to Regulation 33 of the SEBI (LODR) Regulations, 2015. On …
Frequently Asked Questions about Ishan International Ltd
What does Ishan International Ltd do?
Incorporated in 1999, Ishan International Ltd is engaged in the business of contracting of machinery and engineering projects.[1]
Where is Ishan International Ltd (ISHAN) listed?
Ishan International Ltd is listed on the Indian stock exchanges. It is listed on NSE: ISHAN. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Ishan International Ltd belong to?
Ishan International Ltd operates in the Capital Goods sector within the Industrial Products industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Ishan International Ltd?
Ishan International Ltd has a market capitalisation of approximately ₹10.81 Cr. Based on this, it is classified as a Small Cap stock.
What is the PE ratio of Ishan International Ltd?
The Price-to-Earnings (PE) ratio of Ishan International Ltd is 25.00. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of Ishan International Ltd?
Over the past 52 weeks, Ishan International Ltd has traded between a low of ₹0.45 and a high of ₹0.95. This range helps investors understand the stock's price volatility and recent trading levels.
What is the Return on Equity (ROE) of Ishan International Ltd?
Ishan International Ltd has a Return on Equity (ROE) of 2.18%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Ishan International Ltd on Tapetide?
On Tapetide, you can view Ishan International Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.
Company Information
Incorporated in 1999, Ishan International Ltd is engaged in the business of contracting of machinery and engineering projects.[1]