Ishan International Limited

Ishan International Limited

NNSE:ISHAN
0.55
INR
+0.05
(+10.00%)
129.74MMarket Cap
Ishan International Limited
NSE:ISHAN
(National Stock Exchange of India)

Recent

price

0.55

P/E

ratio

- -

div

yld

- -

ROIC.AI

2020
2021
2022
2023
2024
2025
2026
TTM
INR
0.99
1.01
0.96
1.61
1.39
3.34
1.22
- -
Revenue per Share
0.01
0.01
0.06
0.02
0.03
0.01
0.02
- -
Basic EPS, GAAP
-0.02
-0.01
-0.09
-0.28
-0.01
-0.02
-0.01
- -
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
0.22
0.23
0.29
1.1
1.1
1.04
1.06
1.06
Book Value per Share
0.22
0.23
0.29
1.1
1.1
1.04
1.06
1.06
Tangible Book Value per Share
216
216
216
218
216
216
216
216
Basic Weighted Avg Shares
214
218
207
352
301
722
264
- -
Sales/Revenue/Turnover
1.38
2.76
12.79
7.56
0.16
0.18
0.68
- -
Operating Margin (%)
1
1
1
2
2
2
3
- -
Depreciation Expense
3
2
12
5
6
3
4
- -
Net Income, GAAP
25.66
25.09
32.05
20.98
33.18
19.45
25.45
- -
Effective Tax Rate (%)
1.33
0.69
6.01
1.47
1.9
0.42
1.51
- -
Profit Margin (%)
29
25
44
187
179
163
172
172
Working Capital
16
17
13
9
7
3
2
2
LT Debt
48
50
62
238
237
226
230
230
Total Equity
- -
3.93
11.94
4.22
0.14
0.36
0.5
- -
Return on Invested Capital (%)
- -
6.52
13.01
4.57
3.32
2.36
2.47
- -
Return on Capital (%)
- -
3.08
22.3
3.45
2.41
1.32
1.75
- -
Return on Common Equity (%)

Capital Structure

INR

•

in mil. unless spec.
Mar'25
Sep'26
Mar'26
ST Debt
58
43
60
LT Borrowings
3
3
2
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
216
216
216
Market Capitalization
195
195
130

Working Capital

INR

•

in mil. unless spec.
Mar'25
Sep'26
Mar'26
Total Current Assets
628
440
280
Cash, Cash Equivalents & STI
28
9
7
Accounts Receivable, Net
58
57
84
Inventories
4
4
4
Total Current Liabilities
465
274
108
Payables & Accruals
- -
- -
- -
ST Debt
58
43
60
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
61.17%
1.84%
Free Cash Flow
- -
191.64%
-76.55%
Net Income, GAAP
- -
132.54%
30.61%
Sales/Revenue/Turnover
- -
25.44%
-63.41%
Total Cash Common Dividend
- -
- -
- -

Semi-annual Revenue

INR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
301
2025
- -
- -
722
2026
- -
- -
264

Semi-annual Earnings Per Share

INR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
0.03
2025
- -
- -
0.01
2026
- -
- -
0.02

Semi-annual Dividends Per Share

INR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
- -
2025
- -
- -
- -
2026
- -
- -
- -
Business
Ishan International Limited is an India-based engineering, procurement, and construction (EPC) company engaged in the supply, erection, installation, and commissioning of heavy industrial machinery, plant equipment, and turnkey engineering solutions for global and domestic markets. Founded in 1995 and headquartered in Noida, Uttar Pradesh, India, the company operates as a Government of India certified Star Export House, delivering specialized engineering services across Asia and Africa. The company's core product and service portfolio encompasses turnkey sugar and jaggery processing plants; sugar mill machinery, including mill rollers, rotary sugar dryers, mill scrapers, juice heaters, and pinions; electro-mechanical equipment for hydroelectric power projects; industrial boilers and pressure vessels, including circulating fluidized bed boilers and waste heat recovery units; air pollution control systems and industrial wastewater treatment facilities; pharmaceutical manufacturing machinery, active pharmaceutical ingredients (APIs), and specialty industrial chemicals; cement manufacturing machinery and steel rolling mill rolls; power transmission and distribution infrastructure, including electrical substations, transformers, and industrial generators; renewable energy systems, including solar installations and wind energy equipment; and comprehensive engineering support services comprising technical consulting, project management, supervision of erection and commissioning, operational technician training, and the modernization and refurbishment of legacy plants. Geographically, Ishan International maintains active operations and representative offices across key international territories, including Vietnam (Hanoi and Ho Chi Minh City), the Philippines, Indonesia, Kenya, and Uganda, alongside its domestic operations in India. In recent corporate developments, Ishan International has diversified and expanded its domestic contracting footprint by securing a landmark supply contract valued at approximately INR 600 million from Reliance Industries Limited for construction materials and executing subcontracts with Rite Water Solutions (India) Private Limited for solar-powered water pumping systems under the PM-KUSUM scheme. Additionally, the company continues to enhance its corporate governance structures, executive leadership, and strategic capital allocations to support international joint venture initiatives and EPC contract executions across developing markets.