Ishan International Ltd
Incorporated in 1995, Ishan International Limited is engaged in contracting and building projects that focus on supplying machines, erection/installation, commissioning, and operational training for sugar plants, jaggery plants, pharmaceutical plants, hydropower plants, and pollution control systems.[1]
- Market Cap ₹ 64.9 Cr.
- Current Price ₹ 3.00
- High / Low ₹ 6.10 / 0.78
- Stock P/E 154
- Book Value ₹ 1.07
- Dividend Yield 0.00 %
- ROCE 6.00 %
- ROE 3.33 %
- Face Value ₹ 1.00
Pros
- Company has reduced debt.
Cons
- Stock is trading at 2.80 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has low interest coverage ratio.
- Company has a low return on equity of 8.16% over last 3 years.
- Earnings include an other income of Rs.1.77 Cr.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Engineering Industry: Engineering
Half Yearly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
|---|---|---|---|---|---|
| 21.91 | 22.21 | 21.12 | 35.70 | 31.35 | |
| 21.75 | 21.57 | 18.71 | 34.44 | 31.22 | |
| Operating Profit | 0.16 | 0.64 | 2.41 | 1.26 | 0.13 |
| OPM % | 0.73% | 2.88% | 11.41% | 3.53% | 0.41% |
| 0.81 | 0.50 | 0.35 | 0.25 | 1.77 | |
| Interest | 0.51 | 0.88 | 0.87 | 0.65 | 0.56 |
| Depreciation | 0.08 | 0.06 | 0.05 | 0.18 | 0.18 |
| Profit before tax | 0.38 | 0.20 | 1.84 | 0.68 | 1.16 |
| Tax % | 26.32% | 25.00% | 32.07% | 23.53% | |
| 0.28 | 0.15 | 1.24 | 0.52 | 0.99 | |
| EPS in Rs | 0.07 | 0.04 | 0.08 | 0.02 | 0.04 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 18% |
| TTM: | 17% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 23% |
| TTM: | -13% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 230% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 8% |
| Last Year: | 3% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
|---|---|---|---|---|---|
| Equity Capital | 1.34 | 1.34 | 4.93 | 7.21 | 7.21 |
| Reserves | 3.47 | 3.63 | 1.27 | 16.61 | 15.93 |
| 5.80 | 7.30 | 8.51 | 4.83 | 5.29 | |
| 6.43 | 2.25 | 6.98 | 6.49 | 4.70 | |
| Total Liabilities | 17.04 | 14.52 | 21.69 | 35.14 | 33.13 |
| 0.22 | 0.16 | 1.62 | 1.46 | 1.81 | |
| CWIP | 1.52 | 1.52 | 0.00 | 0.00 | 0.00 |
| Investments | 1.04 | 1.08 | 0.84 | 4.34 | 0.84 |
| 14.26 | 11.76 | 19.23 | 29.34 | 30.48 | |
| Total Assets | 17.04 | 14.52 | 21.69 | 35.14 | 33.13 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|---|
| -0.32 | -0.23 | -0.49 | -5.79 | |
| -0.01 | 0.19 | 0.48 | -3.56 | |
| 0.36 | -0.65 | 0.30 | 12.95 | |
| Net Cash Flow | 0.02 | -0.69 | 0.30 | 3.60 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|---|
| Debtor Days | 97.62 | 86.94 | 205.31 | 133.63 |
| Inventory Days | ||||
| Days Payable | ||||
| Cash Conversion Cycle | 97.62 | 86.94 | 205.31 | 133.63 |
| Working Capital Days | 87.29 | 113.07 | 174.03 | 183.22 |
| ROCE % | 9.44% | 22.09% | 6.00% |
Documents
Announcements
- Certificate under SEBI (Depositories and Participants) Regulations, 2018 15 April 2024
- Outcome of Board Meeting 6 April 2024
- Change in Directors/ Key Managerial Personnel/ Auditor/ Compliance Officer/ Share Transfer Agent 4 April 2024
- Trading Window-XBRL 4 April 2024
- Outcome of Board Meeting 29 March 2024
Business Area[1] Ishan International Ltd. is an ISO 9001: 2015 certified Company, GoI certified Star Export House, and a diversified heavy engineering company with 26+ years of experience in selling heavy engineering equipment in international markets. It is engaged in contracting and building projects that focus on supplying machines, erection/installation, commissioning, and operational training for sugar plants, jaggery plants, pharmaceutical plants, hydropower plants, and pollution control systems