Assembled from the company's filings and exchange data as of today. Download PDF renders this page on the server; the narrative sections arrive with the Nexa composer.
Dossier · ISHAAN INFRASTRUCTURE AND SHEL · 22 September 2026Page 1 of 3
Company Dossier
MarketPing Research · factual · no rating expressed
ISHAAN INFRASTRUCTURE AND SHEL
BSE: 540134
BSE: 540134
Industrials › Construction › Construction › Civil Construction
ISHAAN INFRASTRUCTURE AND SHEL
StateQ1 FY27 filed
Last close₹—
Market cap₹0.0k cr
TTM P/E · P/B · EV/EBITDA37.3 · 1.65 · —
ISHAAN INFRASTRUCTURE AND SHEL is a Construction company. The annual-report business brief for this company has not been generated yet; the numbers below are as filed.
What a broker report prints here — the analyst's thesis. This dossier prints the filed record instead; the narrative read of the latest results, the guidance ledger and the earnings-call summary are the composer's sections (INSTITUTIONAL-PLAN.md M3) and are not yet produced.
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 0 |
| EBITDA (ex other income) | (0) | (0) | (0) | (0) | (0) |
| margin % | — | — | — | (75.1) | — |
| Owners' profit | (0) | (0) | (0) | (0) | (0) |
| EPS, as reported (₹) | (0.15) | (0.01) | (0.13) | 0.09 | 0.39 |
| ROE % · ROCE % | (1.5) · (0.4) | (0.1) · (0.2) | (1.3) · (1.3) | (0.9) · 0.3 | (4.0) · (3.7) |
| Debt / equity (x) | 0.06 | 0.05 | 0.02 | 0.00 | 0.00 |
| Cash from operations | 0 | (0) | 0 | (0) | 0 |
| Capex | (0) | 0 | 0 | 0 | 0 |
Source: SEBI results XBRL as filed with BSE/NSE; EBITDA excludes other income.
Every figure is a filed number or a ratio over filed numbers · No rating, target or fair value is expressed · Disclosures on the last pagemarketping.in
Dossier · ISHAAN INFRASTRUCTURE AND SHEL · 22 September 2026Page 2 of 3
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | (0) | 0 | (0) | (0) | (0) | (0) | (0) | (0) |
| Net profit | (0) | 0 | (0) | (0) | (0) | (0) | (0) | (0) |
| EPS (₹) | (0.05) | 0.27 | 0.24 | 0.10 | 0.05 | 0.07 | 0.16 | 0.16 |
Source: quarterly results as filed; the balance sheet is filed half-yearly and is not repeated here.
Exhibit 3: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| LARSEN & TOUBRO LTD. | 5,35,992 | 32.3 | 4.17 | 19.4 | 14.7 | 11.9 | 16.0 | 12.5 |
| RAIL VIKAS NIGAM LIMITED | 43,725 | 48.7 | 4.45 | 31.1 | 8.9 | 7.5 | 5.8 | 7.5 |
| KALPATARU PROJECT INT LTD | 24,595 | 21.6 | 3.18 | 11.1 | 13.3 | 15.0 | 16.0 | 10.0 |
| NBCC (INDIA) LIMITED | 22,448 | 30.3 | 6.98 | 18.9 | 23.1 | 29.7 | 13.5 | 9.6 |
| IRB INFRA DEV LTD. | 21,849 | 16.8 | 1.04 | 10.0 | 4.1 | 2.5 | 7.6 | 55.6 |
| CEMINDIA PROJECTS LIMITED | 21,576 | 35.9 | 8.99 | 18.3 | 24.9 | 31.7 | 29.8 | 10.5 |
| ENGINEERS INDIA LTD | 16,007 | 20.4 | 5.09 | 17.9 | 22.0 | 26.5 | 4.6 | 20.1 |
| TECHNO ELEC & ENG CO. LTD | 11,793 | 27.4 | 2.84 | 19.3 | 11.4 | 12.4 | 29.6 | 20.4 |
Source: exchange data and filed statements via the screener; multiples at current prices.
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 37.3 | 14.7 | 90 of 108 | 17% |
| P/B | 1.6 | 1.5 | 48 of 87 | 44% |
| ROCE | (3.7) | 10.0 | 105 of 109 | 4% |
| ROE | (4.0) | 9.2 | 87 of 91 | 4% |
| Debt / Equity | 0.0 | 0.3 | 4 of 91 | 88% |
| Profit growth | 27.1 | 2.7 | 25 of 84 | 71% |
| Market cap | 11 | 454 | 108 of 110 | 2% |
Source: MarketPing peer ranks; a rank is a measurement, not a view.
Every figure is a filed number or a ratio over filed numbers · No rating, target or fair value is expressed · Disclosures on the last pagemarketping.in
Dossier · ISHAAN INFRASTRUCTURE AND SHEL · 22 September 2026Page 3 of 3
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 21 Sept 2026 · Corrigendum to AGM Notice Advertisement filed with BSE | compliance | minimal | — | — |
| 19 Sept 2026 · Corrigendum to open offer documents filed for Ishaan Infrastructures | strategic transactions | high | — | — |
| 11 Sept 2026 · Open offer at Rs 14 per share for Ishaan Infrastructures - DLOF filed | strategic transactions | high | — | — |
| 4 Sept 2026 · Open Offer for Ishaan Infra at Rs14 per share | strategic transactions | high | — | — |
| 4 Sept 2026 · 31st AGM notice and e-voting details published in newspapers | compliance | minimal | — | — |
| 3 Sept 2026 · 31st AGM on Sep 28, 2026: business pivot to electronics via share swap acquisitions | board shareholder meetings | low | — | — |
| 3 Sept 2026 · AGM notice: pivot to electronics, share swap deals and capital expansion | board shareholder meetings | medium | — | — |
| 3 Sept 2026 · 31st AGM notice with major business pivot, share swap and capital hike proposals | board shareholder meetings | medium | — | — |
| 3 Sept 2026 · 31st AGM Sep 28: pivot to electronics via share-swap acquisitions | board shareholder meetings | low | — | — |
| 3 Sept 2026 · Book closure for 31st AGM from 22 Sept to 28 Sept 2026 | corporate actions | low | — | — |
Source: exchange announcements; reaction = close-to-close from the filing's session.
How to read this document
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions | an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
Sources, method and disclosures
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
Every figure is a filed number or a ratio over filed numbers · No rating, target or fair value is expressed · Disclosures on the last pagemarketping.in