Ishan International Ltd

Ishan International Ltd

₹ 2.30 4.55%
16 Apr - close price
About

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]

Key Points

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

  • Market Cap 49.7 Cr.
  • Current Price 2.30
  • High / Low 6.10 / 0.77
  • Stock P/E 118
  • Book Value 1.07
  • Dividend Yield 0.00 %
  • ROCE 6.00 %
  • ROE 3.33 %
  • Face Value 1.00

Pros

  • Company has reduced debt.

Cons

  • 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

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Half Yearly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Mar 2022 Sep 2022 Mar 2023 Sep 2023
9.68 13.36 13.36 22.34 9.01
8.84 12.66 12.65 21.78 9.44
Operating Profit 0.84 0.70 0.71 0.56 -0.43
OPM % 8.68% 5.24% 5.31% 2.51% -4.77%
0.03 -0.66 -0.88 0.91 0.86
Interest 0.40 0.40 0.40 0.25 0.31
Depreciation 0.02 0.09 0.09 0.09 0.09
Profit before tax 0.45 -0.45 -0.66 1.13 0.03
Tax % 22.22% -2.22% -1.52% 13.27% 66.67%
0.36 -0.45 -0.67 0.97 0.02
EPS in Rs 0.02 -0.03 -0.03 0.04 0.00
Raw PDF

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: 164%
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%

Shareholding Pattern

Numbers in percentages

21 Recently
Sep 2022Mar 2023Sep 2023
68.10% 68.10% 68.10%
31.90% 31.90% 31.90%
No. of Shareholders 751816784

Documents