SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Ishan International Ltd (ISHAN)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 0 NSE: ISHAN Engineering | Small Cap | Ishan International Share Price

BSE Share Price
Not Listed

Ishan International Ltd (ISHAN)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 0 NSE: ISHAN Engineering | Small Cap | Ishan International Share Price

BSE Share Price
Not Listed
Key Metrics
Valuation Multiples
Market Cap
₹13 Cr.
Current Price
₹0
52-Week Low / High
₹0 / 0
TTM EPS
₹0
TTM Sales
₹26.9 Cr.
Book Value per Share
₹1
P/E Ratio
32.52
Lower than its 5-year historical median
Industry PE
64.3
Price to Book (P/B)
0.57
Lower than its 5-year historical median
Price to Sales (P/S)
0.48
Lower than its 5-year historical median
EV/EBITDA
12.21
Lower than its 5-year historical median
Dividend Yield
NAN%
Profitability Efficiency
Return on Equity (ROE)
0.93%
Underperforms industry median
Return on Capital Employed (ROCE)
2.87%
Underperforms industry median
Return on Assets (ROA)
0.26%
Operating Profit Margin
0.1%
Net Profit Margin
0.3%
Gross Profit Margin
0.6%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
141.12%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
-52.38%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
-63.16%
Asset Quality
Promoter Holding
48.32%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹1 Cr.
Equity
₹21.6 Cr.
Face Value
₹1
All Time Low / High
- / -

Ishan International stock performance

Key Ratios
mw4me loader

Check Before You Invest

M-Cap below 100cr DeciZen not available

Q.1 Is Ishan International Ltd a good quality company?
Ishan International Ltd is a quality company, based on a multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Ishan International Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Ishan International Ltd vs industry peers?
Ishan International Ltd revenue CAGR is 27.09%, compared to the industry median CAGR of 0%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Ishan International Ltd?
Promoters hold 48.32% of the Ishan International Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Ishan International Ltd over the last decade?
Over the last 3 year(s), the stock has delivered a CAGR of -70.76% based on the current price.

10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Ishan International Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 12.6%13.1%12.5%12.7%8.6%9.4%20.1%6.3%4.9%2.9%-
Value Creation
Index
-0.1-0.1-0.1-0.1-0.4-0.30.4-0.6-0.7-0.8-

Growth Parameters

Sales 15.521.91726.721.922.221.135.730.172.727
Sales YoY Gr.-41.4%-22.3%57.2%-18.1%1.4%-4.9%69%-15.6%141.1%-
Adj EPS 0.10.10.10000.10000
YoY Gr.-40%-28.6%-20%-25%-33.3%350%-77.8%-50%-100%-
BVPS (₹) 0.60.70.80.80.90.90.41.11.111
Adj Net
Profit
0.20.30.30.20.20.11.40.50.200
Cash Flow from Ops. 0.8001.8-0.3-0.2-0.5-6.10.5-0.3-
Debt/CF from Ops. 7.3003.1-17.9-31.3-17.5-0.812.8-20.6-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 18.7%27.1%51%141.1%
Adj EPS -100%-100%-100%-100%
BVPS5.7%3.6%35.3%-5.5%
Share Price - - -70.8% -40%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
7.8107.35.63.32.724.83.50.70.11.9
Op. Profit
Mgn %
-25.1-8.8-233.60.72.911.43.70.70.1NAN
Net Profit
Mgn %
1.61.61.70.90.70.66.61.50.601.6
Debt to
Equity
1.91.41.31.21.21.51.40.20.30.3-
Working Cap
Days
2211792401481911872432156733690
Cash Conv.
Cycle
7242612924361208793-630

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales15.4921.9017.0126.7421.9122.2121.1235.7030.1372.65
Operating Expenses + 19.3723.8220.9225.7721.7521.5718.7134.3829.9272.56
Manufacturing Costs0.150.110.050.020.030.020.080.050.040.04
Material Costs13.0517.0515.2819.5216.5317.4115.3627.8822.3867.37
Employee Cost 1.921.772.042.502.462.171.191.282.192.08
Other Costs 4.254.903.553.732.741.982.075.175.313.06
Operating Profit -3.88-1.93-3.910.970.160.642.411.330.210.10
Operating Profit Margin (%) -25.1%-8.8%-23.0%3.6%0.7%2.9%11.4%3.7%0.7%0.1%
Other Income + 4.973.165.130.340.810.500.620.221.390.90
Exceptional Items 000000-0.27000
Interest 0.520.660.680.720.510.880.870.720.590.55
Depreciation 0.070.070.110.090.080.060.050.180.160.15
Profit Before Tax 0.500.510.440.500.380.201.830.660.840.29
Tax 0.170.170.140.110.100.050.590.140.270.07
Profit After Tax 0.340.340.290.400.280.151.240.520.570.21
PAT Margin (%) 2.2%1.5%1.7%1.5%1.3%0.7%5.9%1.5%1.9%0.3%
Adjusted EPS (₹)0.10.10.10.10.10.00.10.00.00.0
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Valuation of Ishan International - Standalone

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

mw4me loader

Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 3.253.594.134.534.814.966.2023.8223.7022.58
Share Capital 1.251.251.341.341.341.344.937.2121.6221.62
Reserves 22.342.793.193.473.631.2716.612.080.95
Debt +5.454.554.505.024.766.307.624.525.675.89
Long Term Debt0.950.561.300.711.581.731.320.900.740.32
Short Term Debt4.503.993.204.313.184.586.303.624.945.57
Minority Interest0000000000
Trade Payables2.556.445.474.325.2911.745.135.6738.97
Others Liabilities 2.371.171.151.372.112.196.091.4562.781.98
Total Liabilities 13.6115.7415.2515.2416.9714.4521.6434.9197.8269.42

Fixed Assets

Net Fixed Assets +0.150.350.310.230.220.161.621.461.731.76
Gross Block0.871.151.211.221.251.252.652.673.103.28
Accumulated Depreciation0.720.790.900.991.031.091.031.211.371.52
CWIP 2.172.242.291.451.521.520000
Investments 00.080.131.031.041.080.844.344.564.59
Inventories000000.020.020.130.370.39
Trade Receivables5.718.477.837.565.865.2911.8813.0714.375.81
Cash Equivalents 1.121.731.451.871.891.201.514.754.842.83
Others Assets 4.462.883.233.106.445.185.7811.1571.9554.04
Total Assets 13.6115.7415.2515.2416.9714.4521.6434.9197.8269.42

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 0.83001.80-0.32-0.23-0.49-6.120.47-0.29
PBT 0.50000.500.380.201.830.350.840.29
Adjustment 0.47000.790.440.630.720.610.210.36
Changes in Working Capital -0.09000.61-1.05-1.01-2.45-7.08-0.31-0.87
Tax Paid -0.0600-0.11-0.10-0.05-0.590-0.27-0.07
Cash Flow From Investing Activity + -0.6300-0.07-0.010.190.48-3.58-0.270.16
Capex -0.0200-0.01-0.0600-0.02-0.43-0.18
Net Investments 0000-0.02-0.040.24-3.50-0.22-0.03
Others -0.6100-0.060.070.230.24-0.060.390.37
Cash Flow From Financing Activity + 0.1200-1.310.36-0.650.3012.95-0.12-1.87
Net Proceeds from Shares 0000000.2017.2700
Net Proceeds from Borrowing 0.6300-0.03-0.020.15-0.40-0.43-0.16-0.42
Interest Paid -0.5200-0.72-0.51-0.80-0.87-0.65-0.59-0.55
Dividend Paid 0000000000
Others -000-0.550.8901.38-3.250.63-0.90
Net Cash Flow 0.31000.420.02-0.690.303.250.08-2

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)10.939.877.649.156.093.0822.33.452.410.93
ROCE (%)12.5613.0912.5212.658.649.4120.066.334.922.87
Asset Turnover Ratio1.251.491.11.751.361.411.171.260.450.87
PAT to CFO Conversion(x)2.44004.5-1.14-1.53-0.4-11.770.82-1.38
Working Capital Days
Receivable Days137.30118.20174.90105111.7091.60148.30127.50166.2050.70
Inventory Days000000.300.300.803.101.90
Payable Days85.9096.20142.3091.50106.1065.9032.504588.10120.90

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Ishan International Ltd FAQs

The current trading price of Ishan International on 01-Jan-1970 05:30 is ₹0.00.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 31-Dec-1969 the market cap of Ishan International stood at ₹12.97 Cr

The latest P/E ratio of Ishan International as of 31-Dec-1969 is 32.52.

The latest P/B ratio of Ishan International as of 31-Dec-1969 is 0.57.

The 52-week high of Ishan International is ₹0.00 and the 52-week low is ₹0.00.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Ishan International is ₹26.89 ( Cr.) .

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Ishan International Ltd is a below average quality company.

The key valuation ratios of Ishan International Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Ishan International Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

About Ishan International Ltd

The Company was originally incorporated as Ishan International Private Limited on May 29, 1995 under the Companies Act, 1956 vide certificate of incorporation issued by the Registrar of Companies, New Delhi. Subsequently the name of the company was changed from “as Ishan International Private Limited” to “Ishan International Limited” under the Companies Act, 2013 pursuant to a special resolution passed by its shareholders at the EGM held on January 11, 2022 and had obtained fresh certificate of incorporation January 17, 2022 issued by the Registrar of Companies, New Delhi.

Ishan International is an ISO 9001: 2015 certified Company, GoI certified Star Export House and a diversified heavy engineering company with an history of 26+ years of experience in selling heavy engineering equipment in international markets. Established in 1995, its initial business was of pharmaceutical machinery and raw materials for pharmaceuticals ingredients and the company later diversified into heavy engineering. Its business is largely focused in international markets. In 1999, it established its 1st overseas office in Vietnam. Between 1999 and 2021, it has set up its overseas offices in Philippines, Indonesia, Hanoi (Vietnam), Ho Chi Minh City (Vietnam) and Kenya (in process). Its core strength Quality Management System in place under ISO 9001 : 2015.  

Business area of the company

The company 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, hydro power plants and pollution control systems. It also provide high end engineering services and solutions for all types of activities in Hydro Power, Sugar and Jaggery, Pharmaceuticals, Pollution Control Systems. It provides customized heavy equipment’s including the entire range of machinery for sugar, jaggery, pharmaceuticals, hydro power and pollution control.

Major Events and Milestones

  • 1996: Obtained IEC (Import-Export Certificate).
  • 1999: 1st Representative Offices in Vietnam.
  • 2003: Become a Member of Engineering Export Promotion Council (EEPC).
  • 2003: Promoter and Managing Director received the Highest Country Honor from Government of Vietnam.
  • 2004: 2nd Resident Office in Philippines.
  • 2009: Got Export House Certificate from the Government of India.
  • 2009: 3rd Representative Office in Indonesia.
  • 2010: Become a Member of Pharmexil.
  • 2010: Got a AAA Rating from Bank of India.
  • 2011: Become a Member of ASSOCHAM.
  • 2012-2015: Promoter and Managing Director held the post of Chairman India- ASEAN Business Council.
  • 2012: Got Drug License from MOH.
  • 2012: EEPC Award for Excellence in Exports.
  • 2012: Become a Member of Federation of Indian Export Organizations (FIEO).
  • 2015 Got a Star Export House Certificate from Government of India
  • 2018: ISO 9001 : 2015 Certification from TUV Nord.
  • 2021: Started business operations in Kenya and East Africa.
  • 2021: EEPC Award for Excellence in Exports.
  • 2022: In process of entering into new collaborations with multi-national companies for Renewable Energy.
To get DeciZen Rating of 3,500+ Stocks based on their Quality, Valuation and Price Trend Login Now

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through: