ISHAN

Ishan International financials

Noida-based contractor of machinery and engineering projects, exporting sugar-plant machinery and small hydro-power equipment to ASEAN, Vietnam and other markets.

Market cap: ₹11 Cr
Sector: Capital Goods

What Ishan International Ltd does

Ishan International is engaged in the contracting of machinery and engineering projects. It exports sugar-manufacturing machinery, and since 2008 has promoted the export of small hydro-power plant equipment (1 MW to 60 MW capacity) to ASEAN countries including Vietnam. The company also undertakes projects in renewable energy, pollution control, and recycling of plastic waste. It is a Government of India-certified Star Export House with ISO 9001:2015 (TUV Nord) certification.

Segments

Sugar Machinery
Renewable Energy / Small Hydro Power
Pollution Control
Plastic Waste Recycling

Small hydro-power projects exported: 40+ projects, 1 MW to 60 MW each (since 2008)
Export markets: ASEAN countries, Vietnam, USA, and (from 2025-26) Africa
Export certification: Government of India certified Star Export House
Quality certification: ISO 9001:2015 (TUV Nord)
Years in operation: 30 years (as of FY 2024-25)
European business partner: ChKD Energy s.r.o.

Founded 1995Headquarters Noida, Uttar Pradesh, India Company website

Quarterly results

Q4 FY26: revenue down 36.1%, net profit down 44.6% against the same quarter last year.

₹ Cr · quarterly

Line item	Q2 FY23	Q4 FY23	Q2 FY24	Q4 FY24	Q2 FY25	Q4 FY25	Q2 FY26	Q4 FY26
Revenue	13	22	9	21	30 +124%	43 +91%	13 +49%	14 −36%
Expenses	13	22	9	20	29	43	13	13
EBITDA	1	1	-0	1	1 −8%	-1 −200%	0 +181%	0 −75%
Margin	5%	3%	-5%	3%	2%	-1%	3%	1%
Other income	-1	1	1	1	0	1	0	0
Interest	0	0	0	0	0	0	0	0
Depreciation	0	0	0	0	0	0	0	0
Profit before tax	-1	1	0	1	0 +170%	-0 −115%	0 +833%	0 −68%
Tax rate	2%	13%	67%	32%	28%	-29%	68%	-19%
Net profit	-1	1	0	1	0 +149%	-0 −111%	0 +350%	0 −45%
EPS	-0.03	0.04	0.00	0.03	0.02	-0.01	0.00	0.01

How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Performance −47.4% 1Y

1Y: ₹0.95 on 10 Sept 2025 → ₹0.5. High ₹0.95 (10 Sept 2025), low ₹0.45 (17 Jul 2026).

Balance sheet

Year ending	FY21	FY22	FY23	FY24	FY25	FY26
Equity capital	₹1 Cr	₹5 Cr	₹7 Cr	₹22 Cr	₹22 Cr	₹22 Cr
Reserves	₹4 Cr	₹1 Cr	₹17 Cr	₹2 Cr	₹1 Cr	₹1 Cr
Borrowings	₹7 Cr	₹9 Cr	₹5 Cr	₹6 Cr	₹5 Cr	₹6 Cr
Other liabilities	₹2 Cr	₹7 Cr	₹6 Cr	₹68 Cr	₹24 Cr	₹5 Cr
Total liabilities	₹15 Cr	₹22 Cr	₹35 Cr	₹98 Cr	₹51 Cr	₹34 Cr
Fixed assets	₹0 Cr	₹2 Cr	₹1 Cr	₹2 Cr	₹2 Cr	₹1 Cr
Capital work in progress	₹2 Cr	₹0 Cr	₹0 Cr	₹0 Cr	₹0 Cr	₹0 Cr
Investments	₹1 Cr	₹1 Cr	₹4 Cr	₹5 Cr	₹4 Cr	₹4 Cr
Other assets	₹12 Cr	₹19 Cr	₹29 Cr	₹92 Cr	₹45 Cr	₹28 Cr
Total assets	₹15 Cr	₹22 Cr	₹35 Cr	₹98 Cr	₹51 Cr	₹34 Cr

How to read this

As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.

Who owns it

As disclosed at Mar 2026

The ownership split has held steady since Mar 2025. The shareholder count shrank 10% to 1,244.

Promoters: 48.3%
Public: 51.7%

Since Mar 2025

Promoters 0.00 pp
Public 0.00 pp

How it drifted, 8 quarters

Over this window promoters fell from 68.1% to 48.3% — −19.8 pp.

Sep '22Mar '24Mar '26

Who was buying across the market this quarter →

Who is on the register

Named in the Mar 2026 filing

Every holder of Ishan International Ltd above SEBI's 1% disclosure line, and what changed since Sep 2025.

Holder	Stake	Change
Shantanu Srivastava	32.00%	−0.67 pp
Satyam Srivastava	16.33%	−0.34 pp
1161	—	off the list

A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.

Learn to analyse Ishan International Ltd

Guides on how to read this kind of business and the numbers that matter.