Ishan International Ltd
Incorporated in 1999, Ishan International Ltd is engaged in the business of contracting of machinery and engineering projects.[1]
- Market Cap ₹ 13.0 Cr.
- Current Price ₹ 0.60
- High / Low ₹ 1.30 / 0.55
- Stock P/E 14.7
- Book Value ₹ 1.07
- Dividend Yield 0.00 %
- ROCE 5.06 %
- ROE 2.39 %
- Face Value ₹ 1.00
Pros
- Stock is trading at 0.56 times its book value
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has a low return on equity of 5.55% over last 3 years.
- Earnings include an other income of Rs.1.40 Cr.
- Company has high debtors of 158 days.
- Promoter holding has decreased over last 3 years: -19.8%
- Working capital days have increased from 121 days to 169 days
* 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
Industrials Capital Goods Industrial Manufacturing Industrial Products
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
| Operating Profit |
| OPM % |
| Interest |
| Depreciation |
| Profit before tax |
| Tax % |
| EPS in Rs |
| Raw PDF |
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|
| 21.12 | 35.70 | 30.13 | |
| 18.71 | 34.44 | 29.92 | |
| Operating Profit | 2.41 | 1.26 | 0.21 |
| OPM % | 11.41% | 3.53% | 0.70% |
| 0.35 | 0.25 | 1.40 | |
| Interest | 0.87 | 0.65 | 0.59 |
| Depreciation | 0.05 | 0.18 | 0.16 |
| Profit before tax | 1.84 | 0.68 | 0.86 |
| Tax % | 32.07% | 23.53% | 32.56% |
| 1.24 | 0.52 | 0.57 | |
| EPS in Rs | 0.08 | 0.02 | 0.03 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | -16% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 14% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | -6% |
| 1 Year: | -50% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 6% |
| Last Year: | 2% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|
| Equity Capital | 4.93 | 7.21 | |
| Reserves | 1.27 | 16.61 | |
| 8.51 | 4.83 | ||
| 6.98 | 6.49 | ||
| Total Liabilities | 21.69 | 35.14 | |
| 1.62 | 1.46 | ||
| CWIP | 0.00 | 0.00 | |
| Investments | 0.84 | 4.34 | |
| 19.23 | 29.34 | ||
| Total Assets | 21.69 | 35.14 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|
| -0.49 | -9.51 | ||
| 0.48 | -3.58 | ||
| 0.30 | 12.95 | ||
| Net Cash Flow | 0.30 | -0.15 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|
| Debtor Days | 205.31 | 133.63 | |
| Inventory Days | |||
| Days Payable | |||
| Cash Conversion Cycle | 205.31 | 133.63 | |
| Working Capital Days | 49.95 | 142.93 | |
| ROCE % | 6.00% |
Insights
In beta| Feb 2016 | May 2018 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| Domestic Sales INR Lakhs ・Standalone data |
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| Export Sales INR Lakhs ・Standalone data |
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| Permanent Employees Number ・Standalone data |
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| Revenue from Operations (Turnover) INR Lakhs ・Standalone data |
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| Consultancy Fees Earned INR Lakhs ・Standalone data |
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| Export Project Promotion Count (Cumulative since 2008) Number ・Standalone data |
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| Rice Milling Installed Capacity (Ishan International Partnership Firm - 1999 entity) MT of paddy/day ・Standalone data |
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Documents
Announcements
-
Shareholders meeting
3 March 2026 - EGM Mar 2, 2026: three special resolutions approving sale/disposal of immovable properties passed overwhelmingly.
-
Shareholders meeting
3 March 2026 - EGM on Mar 2, 2026 considering property sale(s) and regularising IPO proceeds with Kalyan Capital.
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Shareholders meeting
23 February 2026 - EGM adjourned; reconvened Mar 2, 2026 to approve sale of two properties and ratify Rs.333.25L IPO parking.
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Outcome of Board Meeting
18 February 2026 - Board approved surplus funds investment under Section 186 and action plan to settle dues with Sachiel Exim (18 Feb 2026).
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Shareholders meeting
29 January 2026 - EGM on Feb 23, 2026 to approve property sales and ratify Rs.333.25L parked IPO proceeds.
Business Overview:[1][2][3][4]
a) IIL is an ISO certified heavy engineering company which is in the Engineering, Procurement and Construction business.
b) It deals in engineering Goods and spares, construction material, pollution control and renewable
energy projects.
c) The company is engaged in marketing/ selling projects that focus on supplying machines, erection /installation, commissioning and operational training for sugar plants, hydro power plants and pollution control systems, etc.
d) It also provides high-end engineering services and solutions for all types of activities in Hydro Power, Sugar & Pollution Control Systems.