Price
Financials
Standalone, Rs crore| 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 | 13.50 |
| Expenses | 8.84 | 12.66 | 12.65 | 21.78 | 9.44 | 20.48 | 29.30 | 43.27 | 13.04 | 13.34 |
| Operating Profit | 0.84 | 0.70 | 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 | 0.40 | 0.40 | 0.40 | 0.25 | 0.31 | 0.28 | 0.34 | 0.21 | 0.26 | 0.20 |
| Depreciation | 0.02 | 0.09 | 0.09 | 0.09 | 0.09 | 0.08 | 0.14 | 0.01 | 0.19 | 0.14 |
| Profit before tax | 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 | 0.00 | 0.03 | 0.02 | -0.01 | 0.00 | 0.01 |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Sales | 21.91 | 22.21 | 21.12 | 35.70 | 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% | 0.70% | 0.12% | 1.93% |
| Other Income | 0.81 | 0.50 | 0.35 | 0.22 | 1.39 | 0.90 | 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 |
| Profit before tax | 0.38 | 0.20 | 1.84 | 0.65 | 0.85 | 0.38 | 0.53 |
| Tax % | 26.32% | 25.00% | 32.07% | 20.00% | 31.76% | 18.42% | 24.53% |
| Net Profit | 0.28 | 0.15 | 1.24 | 0.52 | 0.57 | 0.30 | 0.40 |
| EPS in Rs | 0.07 | 0.04 | 0.08 | 0.02 | 0.03 | 0.01 | 0.02 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | % | 4% | -9% | -63% | ||
| Compounded Profit Growth | % | 18% | -12% | 17% | ||
| Stock Price CAGR | % | % | -24% | -44% | ||
| Return on Equity | % | 4% | 2% | 2% |
| 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 | 5.80 | 7.30 | 8.51 | 4.83 | 6.03 | 6.07 | 6.11 |
| Other Liabilities | 6.43 | 2.25 | 6.98 | 6.40 | 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 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 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 |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | -0.32 | -0.23 | -0.49 | -6.12 | 0.47 | -0.29 | -0.06 |
| Cash from Investing Activity | -0.01 | 0.19 | 0.48 | -3.58 | -0.27 | 0.16 | 0.63 |
| Cash from Financing Activity | 0.36 | -0.65 | 0.30 | 12.95 | -0.12 | -1.87 | -0.42 |
| Net Cash Flow | 0.02 | -0.69 | 0.30 | 3.25 | 0.08 | -2.00 | 0.15 |
| Free Cash Flow | -0.45 | -0.23 | -0.48 | -6.14 | 0.04 | -0.47 | -0.08 |
| CFO/OP | -138% | -28% | 4% | -460% | 352% | -244% | 15% |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 97.62 | 86.94 | 205.31 | 133.63 | 174.08 | 29.19 | 114.02 |
| Inventory Days | |||||||
| Days Payable | |||||||
| Cash Conversion Cycle | 97.62 | 86.94 | 205.31 | 133.63 | 174.08 | 29.19 | 114.02 |
| Working Capital Days | 16.99 | 21.53 | 49.95 | 142.73 | 157.61 | 67.67 | 193.02 |
| ROCE % | 9.44% | 22.09% | 6.32% | 4.93% | 2.88% | 3.29% |
| Sep 2022 | Mar 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Promoters | 68.10% | 68.10% | 68.10% | 66.81% | 48.32% | 48.32% | 49.34% | 48.32% |
| Public | 31.90% | 31.90% | 31.90% | 33.19% | 51.68% | 51.68% | 50.66% | 51.68% |
| No. of Shareholders | 751 | 816 | 784 | 723 | 1,527 | 1,385 | 1,271 | 1,244 |
Fundamentals
Market Cap₹ 10.8 Cr.
Current Price₹ 0.50
Stock P/E30.9
Book Value₹ 1.06
ROCE3.29 %
ROE1.54 %
Dividend Yield0.00 %
Face Value₹ 1.00
Compounded Sales Growth (TTM)-63%
Compounded Profit Growth (TTM)17%
Standalone figures.
Valuation
Market capRs 10 Cr
Enterprise valueRs 10 Cr
P/E (TTM)18.71x
Price to book0.41x
Price to sales0.27x
EV / EBITDA6.33x
EV / EBIT7.16x
EV / sales0.27x
Earnings yield5.34%
P/E, 3-year average0.83x
P/B, 3-year average0.02x
Profitability
Operating margin (excl. other income)3.73%
Operating margin (incl. other income)4.34%
EBITDA margin4.34%
Pre-tax margin1.82%
Net profit margin1.46%
ROE3.46%
ROCE6.32%
ROA1.83%
ROE, 3-year average9.58%
ROCE, 3-year average11.95%
ROA, 3-year average3.21%
ROIC (approx.)4.59%
Tax rate20.00%
Other income / net worth0.92%
Growth
Sales growth (latest year)69.03%
Profit growth (latest year)-58.06%
Sales CAGR, 3 years17.67%
Profit CAGR, 3 years22.92%
Per share
EPS (TTM)Rs 0.02
EPS (latest year)Rs 0.72
EPS, 3-year averageRs 1.45
Book value per shareRs 1.10
Sales per shareRs 1.65
Cash flow per shareRs -0.28
Free cash flow per shareRs -0.00
Efficiency
Asset turnover1.02x
Fixed asset turnover24.45x
Inventory turnover215.54x
Inventory days2 days
Debtor days134 days
Debtors turnover2.73x
Cash conversion cycle114 days
Working capital days193 days
Leverage
Total debtRs 5 Cr
Cash and bankRs 5 Cr
Net debtRs 0 Cr
Debt to equity0.20x
Net debt / EBITDA0.05x
Interest coverage1.90x
Owners' fund to total sources67.96%
Debt to assets13.78%
Cash flow
Cash from Operating Activity (latest year)Rs -6 Cr
Cash from Investing Activity (latest year)Rs -4 Cr
Cash from Financing Activity (latest year)Rs 13 Cr
Net Cash Flow (latest year)Rs 3 Cr
Free cash flow (latest year)Rs -0 Cr
FCFE (approx.: FCF + change in debt)Rs -4 Cr
Cash from ops / profit, 5 years-2.14x
Statement figures
Net sales (TTM)Rs 36 Cr
Net sales (latest year)Rs 36 Cr
Operating profit excl. other income (latest year)Rs 1 Cr
Other income (TTM)Rs 0 Cr
EBITDA (TTM)Rs 2 Cr
PBDT (TTM)Rs 1 Cr
Profit before tax (TTM)Rs 1 Cr
Tax (latest year)Rs 0 Cr
Net profit (TTM)Rs 1 Cr
Net profit (latest year)Rs 1 Cr
Depreciation (TTM)Rs 0 Cr
Interest (TTM)Rs 1 Cr
Cost of goods sold (latest year)Rs 28 Cr
Total expenditure (latest year)Rs 34 Cr
Total income (latest year)Rs 36 Cr
Share capitalRs 7 Cr
ReservesRs 17 Cr
Shareholders' fundsRs 24 Cr
Total assetsRs 35 Cr
Net blockRs 1 Cr
InvestmentsRs 4 Cr
ReceivablesRs 13 Cr
InventoryRs 0 Cr
Other liabilitiesRs 6 Cr
Shares outstanding (crore)21.62
Ownership
Promoter holding48.32% (-18.49 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 18.7 is at the 38th percentile of its own 2.7-year range
(median 20.8, low 10.5, high 396.4).
P/B 0.41 is the lowest in 3.2 years (median 4.35).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
| Period | ISHAN | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -10.0% | -2.8% | -7.2 pts |
| 1 month | -10.0% | -6.8% | -3.2 pts |
| 3 months | -25.0% | -7.6% | -17.4 pts |
| 6 months | -40.0% | +0.4% | -40.4 pts |
| 1 year | -52.6% | -9.9% | -42.7 pts |
| 2 years | -83.6% | -13.6% | -70.1 pts |
| 3 years | -98.7% | +14.2% | -112.9 pts |
Red flags
F-score 3 of 7| explain | Weak cash conversion Cash from operations was -358% of net profit over the last 3 years |
| explain | High accruals Profit exceeded operating cash by 19% of total assets in 2026 |
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.
Latest quarter
Mar 2026Sales ₹14 Cr -36.1% vs Mar 2024.
Net profit ₹0 Cr -44.6%.
Against our estimate for Mar 2026: sales -74.4%, profit -33.7% in line.
Activity
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|---|---|---|---|
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| Jyoti CNC Automation Ltd | 24,091 | 74.9 | 21.3 % |
| Kaynes Technology India Ltd | 23,605 | 68.0 | 12.7 % |
| LMW Ltd | 18,115 | 99.2 | 5.58 % |
| Lloyds Engineering Works Ltd | 15,850 | 70.9 | 16.1 % |
| Tega Industries Ltd | 15,481 | 8.14 % | |
| Kennametal India Ltd | 8,878 | 45.3 | 33.2 % |
| Dynamatic Technologies Ltd | 8,873 | 151 | 10.2 % |
| Standard Engineering Technology Ltd | 8,557 | 100 | 14.7 % |
| Raymond Ltd | 7,894 | 46.9 | 3.14 % |
| Omnitech Engineering Ltd | 6,939 | 66.8 | 17.6 % |
| GMM Pfaudler Ltd | 6,641 | 52.7 | 13.6 % |
No bulk or block deals on record.
No corporate actions on record.
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Less than 100 unique PAN traded in previous 30 daysMandatory Market making period in SME scrip is overSME scrip is not regularly traded
Quick answers
What is the market cap of Ishan International Ltd?
Ishan International Ltd (ISHAN) has a market capitalisation of Rs 10.8 Cr. at the 2026-10-01 close.
What is the P/E ratio of Ishan International Ltd?
Ishan International Ltd trades at a P/E of 30.9 on trailing twelve-month profit, at the 2026-10-01 close.
What were Ishan International Ltd's latest quarterly results?
In the Mar 2026 quarter, Ishan International Ltd sales was Rs 14 Cr (-36.1% vs Mar 2024) and net profit was Rs 0 Cr.
What is the 52-week high and low of Ishan International Ltd?
The 52-week high is Rs 0.90 and the 52-week low is Rs 0.45.