52-week range
Price risk
Balance sheet & cash
Was the rally earned?
Mostly the multiple.
- Most of the fall came from investors paying a lower multiple (P/E 28.3x to 16.7x); per-share earnings added 0 points.
- The share count barely moved.
Earnings helped, the multiple did not.
- Per-share earnings added 22 points, but investors now pay less per rupee of profit (P/E 95.0x to 16.7x), which took 96 points back.
- The share count barely moved.
What do "pts" mean?
"pts" are percentage points of the share price return. The parts add up to the total shown for each period. Because price = P/E × net profit ÷ share count, higher profit pushes the price up, a higher P/E pushes it up, and more shares push it down.
Example: if the price rose 34% and profit growth accounts for +58 pts while a lower P/E accounts for -24 pts, then 58 - 24 = 34. The +58 is not the profit growth rate itself: it is the part of the price move that profit growth explains.
Not shown for 5 years: earnings were negative at one end, or there is not enough history.
Net profit is trailing twelve months as reported with a 60-day lag.
Is it expensive against its own past and its peers?
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How to read this
Shaded band: 10th to 90th percentile of the company's own P/E history; dashed line: its median.
Sector figures are built from today's listed companies, so they exclude companies that are no longer listed.
What is the price implying?
At a P/E of 16.7x, the price would imply about 13.2%/yr earnings growth for 10 years under the same assumptions, but it is not ranked.
Earnings figures have not updated recently, so the company is left out of the lists.
“Implied growth” is what the current price would require under our stated assumptions, not what we expect.
What changed?
- Jul '26Fell 92% from the Feb 2024 peak to the Jul 2026 low.
- Dec '24Promoter holding fell 18.5 pts to 48.3%.
- Jun '24Year-on-year EPS growth turned positive.
- Apr '24Debt / equity halved over 12 months to 0.20x.
- Nov '23Regained the 2022-09 peak, 8 months after the low.
- Sep '23Debt / equity halved over 12 months to 0.20x.
- Sep '23Share count is up 46.2% over 12 months.
- Jun '23Debt / equity fell below 1.0x (0.20x).
Show 1 earlier event
- Mar '23Fell 78% from the Sep 2022 peak to the Mar 2023 low.
Events are generated from the data by fixed rules.
The month shown is when the change became visible in the reported figures, assuming a 60-day lag after each quarter end; it is not an announcement date.
Where price and fundamentals disagree, market-wide Rewind the whole market to any month
Are profits backed by cash?
1 of 2 checks are within range, 1 beyond a threshold.
Tap a check to see how it is measured.
Other income reliance163%Beyond threshold
Other income as a share of pre-tax profit (trailing twelve months): 162.8%. Bands: below 15%, 15% to 35%, above 35%.
Tax rate—Not enough data
Not enough reported data to compute this.
Cash conversion—Not enough data
Not enough reported data to compute this.
Free cash flow—Not enough data
Not enough reported data to compute this.
Receivable days vs history0 daysWithin range
Debtor days are below the median of the previous three fiscal years by 0 days (134 vs 134). Bands: under 15 days, 15 to 45, over 45.
Capital work in progress—Not enough data
Not enough reported data to compute this.
Payable days—Not enough data
Not enough reported data to compute this.
How to read this
Each check is a named rule with fixed thresholds, not a score. Annual statements are the latest restated figures, so a past year may differ from what was originally reported.
Who has been buying and selling?
- Over 2 years, promoters trimmed 18.5 pts.
- The number of shareholders rose from 751 to 1,244 (+66%) between Sep 2022 and Mar 2026.
Holdings, Mar '26
How each group changed
Number of shareholders
Quarterly shareholding as reported, labelled by the quarter it covers (it becomes visible about two months later).
Shareholder counts are only available for recent quarters.
How rough has the ride been?
Monthly share price
Last 90 trading days
Drawdown from peak
Largest drawdowns
-92.3% (2024-02 peak to 2026-07 low, not yet recovered)
-78.2% (2022-09 peak to 2023-03 low, recovered 2023-11)
-16.1% (2023-11 peak to 2023-12 low, recovered 2023-12)
What happened next to similar setups
- We found 50 past situations where a non-financial company looked like ISHAN INTERNATIONAL LTD today on valuation, return on capital, debt, growth, price momentum, size and volatility.
- Over the following 12 months the middle half of them returned −11% to +76% vs the market, against −4% for all non-financial companies in the same months.
- The analogs' median sat above that base rate (gap +25.5%, 80% range +6.3% to +40.9%), but the matches cluster in only 6 distinct 12-month windows.
Where the 50 outcomes landed
Each dot is one past situation (hover or tap for details) · Solid dots are the closest matches, listed below · Shaded is the middle half of all companies in the same months · 6 beyond the range shown, drawn at the edge
50 past situations · 50 companies · 36 months · 2020–2025
The closest matches
| Company | When | P/E | ROCE | 12M mom. | Drawdown | Next 12 months |
|---|---|---|---|---|---|---|
| DANGEE Consumer Non-Durables |
Mar 2023 | 13x | — | −33% | −52% | −62% |
| SOMICONVEY Producer Manufacturing |
Jan 2020 | 12x | 7% | −46% | −50% | +75% |
| BMETRICS Miscellaneous |
Oct 2024 | 23x | — | +4% | −44% | −17% |
| UNIINFO Communications |
Jul 2023 | 37x | 3% | −4% | −29% | +43% |
| AISL Commercial Services |
Oct 2023 | 20x | 8% | +6% | −22% | +160% |
Show the other 3 matches
How reliable is this?
Matched on P/E, P/S, ROCE, debt/equity, interest cover, revenue growth, 12-month momentum, drawdown from 12-month high, size and volatility. Closest on: 12-month momentum, interest cover and ROCE. Not used (unavailable for this company): operating margin. One match per company and at most 7 from any one month.
Independent periods: the matches fall in 6 distinct 12-month windows. Matches from nearby months share the same market conditions, so fewer windows means less evidence.
Monthly history (50 months)
| Month | P/E | Revenue (TTM) | ROE | ROCE | Debt / Equity |
|---|---|---|---|---|---|
| 2026-10 | 16.7x | ₹30 cr | 2.7% | 6.0% | 0.2x |
| 2026-09 | 16.7x | ₹30 cr | 2.7% | 6.0% | 0.2x |
| 2026-08 | 16.7x | ₹30 cr | 2.7% | 6.0% | 0.2x |
| 2026-07 | 15.0x | ₹30 cr | 2.7% | 6.0% | 0.2x |
| 2026-06 | 20.0x | ₹30 cr | 2.7% | 6.0% | 0.2x |
| 2026-05 | 20.0x | ₹30 cr | 2.7% | 6.0% | 0.2x |
| 2026-04 | 23.3x | ₹30 cr | 2.7% | 6.0% | 0.2x |
| 2026-03 | 20.0x | ₹30 cr | 2.7% | 6.0% | 0.2x |
| 2026-02 | 21.7x | ₹30 cr | 2.7% | 6.0% | 0.2x |
| 2026-01 | 21.7x | ₹30 cr | 2.7% | 6.0% | 0.2x |
| 2025-12 | 25.0x | ₹30 cr | 2.7% | 6.0% | 0.2x |
| 2025-11 | 26.7x | ₹30 cr | 2.7% | 6.0% | 0.2x |
| 2025-10 | 28.3x | ₹30 cr | 2.7% | 6.0% | 0.2x |
| 2025-09 | 30.0x | ₹30 cr | 2.7% | 6.0% | 0.2x |
| 2025-08 | 28.3x | ₹30 cr | 2.7% | 6.0% | 0.2x |
| 2025-07 | 31.7x | ₹30 cr | 2.7% | 6.0% | 0.2x |
| 2025-06 | 35.0x | ₹30 cr | 2.7% | 6.0% | 0.2x |
| 2025-05 | 33.3x | ₹30 cr | 2.7% | 6.0% | 0.2x |
| 2025-04 | 36.7x | ₹30 cr | 2.7% | 6.0% | 0.2x |
| 2025-03 | 30.0x | ₹30 cr | 2.7% | 6.0% | 0.2x |
| 2025-02 | 45.0x | ₹30 cr | 2.7% | 6.0% | 0.2x |
| 2025-01 | 48.3x | ₹30 cr | 2.7% | 6.0% | 0.2x |
| 2024-12 | 65.0x | ₹30 cr | 2.7% | 6.0% | 0.2x |
| 2024-11 | 76.7x | ₹30 cr | 2.7% | 6.0% | 0.2x |
| 2024-10 | 71.7x | ₹30 cr | 2.7% | 6.0% | 0.2x |
| 2024-09 | 91.7x | ₹30 cr | 2.7% | 6.0% | 0.2x |
| 2024-08 | 125.0x | ₹30 cr | 2.7% | 6.0% | 0.2x |
| 2024-07 | 78.3x | ₹30 cr | 2.7% | 6.0% | 0.2x |
| 2024-06 | 91.7x | ₹30 cr | 2.7% | 6.0% | 0.2x |
| 2024-05 | 107.5x | ₹36 cr | 1.8% | 6.0% | 0.2x |
| 2024-04 | 135.0x | ₹36 cr | 1.8% | 6.0% | 0.2x |
| 2024-03 | 100.0x | ₹36 cr | 1.8% | 6.0% | 0.2x |
| 2024-02 | 167.5x | ₹36 cr | 1.8% | 6.0% | 0.2x |
| 2024-01 | 282.5x | ₹36 cr | 1.8% | 6.0% | 0.2x |
| 2023-12 | 140.0x | ₹36 cr | 1.8% | 6.0% | 0.2x |
| 2023-11 | 127.5x | ₹36 cr | 1.8% | 6.0% | 0.2x |
| 2023-10 | 95.0x | ₹36 cr | 1.8% | 6.0% | 0.2x |
| 2023-09 | 57.5x | ₹36 cr | 1.8% | 6.0% | 0.2x |
| 2023-08 | 55.0x | ₹36 cr | 1.8% | 6.0% | 0.2x |
| 2023-07 | 42.5x | ₹36 cr | 1.8% | 6.0% | 0.2x |
| 2023-06 | 42.5x | ₹36 cr | 1.8% | 6.0% | 0.2x |
| 2023-05 | 10.0x | ₹21 cr | 19.1% | — | 1.4x |
| 2023-04 | 11.3x | ₹21 cr | 19.1% | — | 1.4x |
| 2023-03 | 7.5x | ₹21 cr | 19.1% | — | 1.4x |
| 2023-02 | 11.3x | ₹21 cr | 19.1% | — | 1.4x |
| 2023-01 | 13.8x | ₹21 cr | 19.1% | — | 1.4x |
| 2022-12 | 11.9x | ₹21 cr | 19.1% | — | 1.4x |
| 2022-11 | 18.1x | ₹21 cr | 19.1% | — | 1.4x |
| 2022-10 | 20.6x | ₹21 cr | 19.1% | — | 1.4x |
| 2022-09 | 30.0x | ₹21 cr | 19.1% | — | 1.4x |