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Ishan International

ISHAN NSE
₹0.50 No trade today
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MCP
Close 3 Nov 2026 ₹0.50 −0.35 −41.2% 1Y
Start ₹0.85

Key Fundamentals

SMEIndustrial ManufacturingCapital Goods

Price-based figures as of · TTM

ROCE
3.29%
Debt to Equity
0.27
EPS (TTM)
—
Book Value
₹1.06
Market Cap
—
P/E (TTM)
—
P/B
0.47
ROE
1.54%
Dividend Yield
0.00%
EBITDA
₹1.50 Cr
52W High
₹0.90
52W Low
₹0.45
Volume
0

Peer Comparison

Industrials › Capital Goods › Industrial Products

Ishan International peer comparison
Indo-MIM
₹1,240.10106.91₹59,516 Cr18.470.55%23.40%25.00%₹3,482 Cr₹562 Cr
Aditya Infotech
₹3,999.8098.59₹46,234 Cr14.530.04%25.40%28.60%₹4,883 Cr₹477 Cr
Syrma SGS
₹1,512.6079.19₹28,543 Cr9.590.10%14.00%16.80%₹5,464 Cr₹401 Cr
Honeywell Automation
₹29,810.0047.82₹25,976 Cr5.650.38%12.60%17.00%₹4,703 Cr₹552 Cr
Jyoti CNC Automation
₹1,034.9573.19₹22,990 Cr11.010.00%18.20%21.30%₹2,191 Cr₹323 Cr
Kaynes Technology India
₹3,330.0064.57₹21,957 Cr4.710.00%8.69%12.70%₹3,899 Cr₹345 Cr
LMW
₹17,358.00106.09₹18,108 Cr6.100.21%4.05%5.58%₹3,374 Cr₹176 Cr
Ishan International (this company)
₹0.50—₹11 Cr0.470.00%1.54%3.29%——
Median 8 companies₹2,421.3079.19₹24,483 Cr7.850.07%13.30%16.90%₹3,899 Cr₹401 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

Overall score

42 Weak

Data confidence 84/100

Category scores

Quality
41
Weak
Returns, margins, earnings quality 22% weight
Valuation
62
Good
Cheap vs sector & own history 24% weight
Growth
1
Poor
Sales & profit trajectory 9% weight
Financial Health
46
Average
Solvency, leverage, coverage 9% weight
Momentum
25
Poor
Trend strength, vol-adjusted 12% weight
Ownership
50
Average
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

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
  • The company has delivered a poor sales growth of 3.90% over past five years.
  • Company has a low return on equity of 1.75% over last 3 years.
  • Earnings include an other income of Rs.0.81 Cr.
  • Promoter holding has decreased over last 3 years: -19.8%

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallStrong Bearish1081
OscillatorsBearish180
Moving AveragesStrong Bearish901

Key readings

RSI (14)
49.72
Neutral
MACD (12,26,9)
0.00
Bearish
SMA (50)
0.50
Bearish
SMA (200)
0.63
Bearish

As of

Growth Rate

From the financial statements below. 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025.

Revenue

Revenue growth by window
5Y+3.90%
3Y−9.01%
1Y−62.99%

Net profit

Net profit growth by window
5Y+21.67%
3Y−8.37%
1Y+33.33%

Operating cash flow

Operating cash flow growth by window
5YOutflow narrowed by ₹0.17 Cr
3YOutflow narrowed by ₹6.06 Cr
1YOutflow narrowed by ₹0.23 Cr

Operating margin· change in pp

Operating margin growth by window
5Y−0.95 pp
3Y−1.80 pp
1Y+1.81 pp

Trailing twelve months: Results are not reported for each of the last eight quarters, so there is no trailing-twelve-month figure.

Revenue by year

Revenue by year, ₹ crore
Mar 2020₹21.91 Cr
Mar 2021₹22.21 Cr
Mar 2022₹21.12 Cr
Mar 2023₹35.70 Cr
Mar 2024₹30.13 Cr
Mar 2025₹72.65 Cr
Mar 2026₹26.89 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2020₹0.28 Cr
Mar 2021₹0.15 Cr
Mar 2022₹1.24 Cr
Mar 2023₹0.52 Cr
Mar 2024₹0.57 Cr
Mar 2025₹0.30 Cr
Mar 2026₹0.40 Cr

Half-yearly Results

₹ Cr
ISHAN half-yearly results, ₹ crore
Particulars Sep 2021Mar 2022Sep 2022Mar 2023Sep 2023Mar 2024Sep 2024Mar 2025Sep 2025Mar 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 (₹)
0.02
−0.03
−0.03
0.04
0
0.03
0.02
−0.01
0
0.01

Profit & Loss

₹ Cr
ISHAN profit and loss, annual, ₹ crore
Particulars Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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
0.46
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
0.38
0.53
Tax %
26.32%
25%
32.07%
20%
31.76%
18.42%
24.53%
Net Profit
0.28
0.15
1.24
0.52
0.57
0.3
0.4
EPS (₹)
0.02
0.01
0.08
0.02
0.03
0.01
0.02
Div. Payout %
0%
0%
0%
0%
0%
0%
0%

Balance Sheet

₹ Cr
ISHAN balance sheet, annual, ₹ crore
Particulars Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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
41.12
5.18
Total Liabilities
17.04
14.52
21.69
35.05
98.18
69.76
34.28
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
63.41
28.42
Total Assets
17.04
14.52
21.69
35.05
98.18
69.76
34.28

Cash Flow

₹ Cr
ISHAN cash flow, annual, ₹ crore
Particulars Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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
−0.08
CFO/EBITDA
−138
−28
4
−460
352
−244
15

Ratios

ISHAN financial ratios, annual
Particulars Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
97.62
86.94
205
134
174
29.19
114
Cash Conversion Cycle
97.62
86.94
205
134
174
29.19
114
Working Capital Days
16.99
21.53
49.95
143
158
67.67
193
ROCE %
—
9.44%
22.09%
6.32%
4.93%
2.88%
3.29%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Ishan International insights

67 extracted metrics across FY20–FY26.

Shareholding Pattern

As of Sep 2026

  • Promoters 48.32%
  • Public 46.73%
  • Others 4.95%

No promoter shares pledged as of 14 Oct 2026

Change vs previous quarter

Documents

Frequently Asked Questions about Ishan International

What does Ishan International Ltd do?
Incorporated in 1999, Ishan International Ltd is engaged in the business of contracting of machinery and engineering projects.
Where is Ishan International Ltd (ISHAN) listed?
Ishan International Ltd trades as ISHAN on the NSE.
Which sector does Ishan International Ltd belong to?
Ishan International Ltd is classified under the Capital Goods sector, in the Industrial Products industry.
What is the 52-week high and low of Ishan International Ltd?
Over the last 52 weeks Ishan International Ltd has traded between ₹0.45 and ₹0.9 as of 4 Nov 2026.
What is the Return on Equity (ROE) of Ishan International Ltd?
Ishan International Ltd reported a return on equity of 1.54%. Its debt-to-equity ratio is 0.27.

Company Information

Incorporated in 1999, Ishan International Ltd is engaged in the business of contracting of machinery and engineering projects.

Website ishanglobal.com
Listed 22 Sep 2022
Face Value ₹1

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