Last close · 16 Oct 2026
Rs 79.06 +1.26%
Annual · FY2009 – FY2026
International Steels Limited (ISL) financial ratios
International Steels Limited earned a net margin of 3.9% in FY2026 against a five-year average of 4.4% (Engineering median 3.2%). Return on equity was 14.1%, compared with a sector median of 5.0%. The current ratio stood at 1.31× and debt was 43.0% of equity. Cash took about 97 days to cycle through receivables, inventory and payables.
FY2026 vs the Engineering median
- Gross margin
- 11.5%
- Sector median 6.3%
- Operating margin
- 7.2%
- Sector median 6.5%
- Net margin
- 3.9%
- Sector median 3.2%
- Return on equity (ROE)
- 14.1%
- Sector median 5.0%
- Return on assets (ROA)
- 7.0%
- Sector median 2.3%
- Current ratio
- 1.31×
- Sector median 1.36×
- Debt to equity
- 43.0%
- Sector median 19.2%
- Asset turnover
- 1.77×
- Sector median 0.51×
- Dividend payout ratio
- 59.2%
- Sector median 0.0%
Median of the 15 companies in the sector with the figure for their latest fiscal year.
| Rs mn | FY2026 Jul 2025 – Jun 2026 | FY2025 Jul 2024 – Jun 2025 | FY2024 Jul 2023 – Jun 2024 | FY2023 Jul 2022 – Jun 2023 | FY2022 Jul 2021 – Jun 2022 | FY2021 Jul 2020 – Jun 2021 | FY2020 Jul 2019 – Jun 2020 | FY2019 Jul 2018 – Jun 2019 | FY2018 Jul 2017 – Jun 2018 | FY2017 Jul 2016 – Jun 2017 | FY2016 Jul 2015 – Jun 2016 | FY2015 Jul 2014 – Jun 2015 | FY2014 Jul 2013 – Jun 2014 | FY2013 Jul 2012 – Jun 2013 | FY2012 Jul 2011 – Jun 2012 | FY2011 Jul 2010 – Jun 2011 | FY2010 Jul 2009 – Jun 2010 | FY2009 Jul 2008 – Jun 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||||||||||
| Gross margin | 11.5% | 8.1% | 12.0% | 13.6% | 13.4% | 19.3% | 8.8% | 11.7% | 16.0% | 17.5% | 14.2% | 8.3% | 10.6% | 9.1% | 9.1% | 280.2% | — | — |
| EBITDA margin | 9.6% | 8.0% | 10.1% | 13.7% | 12.4% | 18.3% | 9.3% | 11.4% | 15.4% | 17.4% | 15.8% | 9.8% | 11.6% | 10.6% | 11.4% | 284.1% | — | — |
| Operating margin | 7.2% | 4.9% | 7.5% | 11.4% | 10.7% | 16.1% | 6.4% | 9.5% | 13.6% | 15.1% | 12.3% | 6.8% | 9.2% | 8.1% | 8.7% | 279.4% | — | — |
| Pre-tax margin | 5.9% | 3.9% | 6.5% | 6.8% | 8.8% | 14.7% | 0.9% | 6.7% | 12.2% | 13.7% | 8.1% | 1.3% | 4.1% | 2.5% | (0.9%) | (1.7%) | — | — |
| Net margin | 3.9% | 2.5% | 5.3% | 4.6% | 5.9% | 10.7% | 1.0% | 4.8% | 9.2% | 9.0% | 5.8% | 1.1% | 3.2% | 2.1% | (0.8%) | (2.2%) | — | — |
| Effective tax rate | 33.8% | 36.3% | 18.3% | 32.2% | 32.4% | 27.5% | (11.9%) | 27.6% | 24.8% | 34.0% | 28.7% | 14.3% | 21.1% | 17.9% | — | — | — | — |
| Returns | ||||||||||||||||||
| Return on equity (ROE) | 14.1% | 6.5% | 16.3% | 16.3% | 26.7% | 47.2% | 3.9% | 21.6% | 42.8% | 38.8% | 18.6% | 3.6% | 12.7% | 7.9% | (2.5%) | (3.7%) | — | — |
| Return on assets (ROA) | 7.0% | 3.3% | 8.4% | 7.2% | 11.1% | 17.7% | 1.2% | 7.1% | 14.1% | 12.9% | 5.9% | 1.1% | 4.4% | 2.4% | (0.7%) | (1.1%) | (3,827.0%) | — |
| Return on invested capital (ROIC) | 12.8% | 6.9% | 15.6% | 14.2% | 16.7% | 25.9% | 9.5% | 12.2% | 20.4% | 19.7% | 10.4% | 6.1% | 10.1% | 7.8% | — | — | — | — |
| Liquidity | ||||||||||||||||||
| Current ratio | 1.31× | 1.28× | 1.29× | 1.25× | 1.20× | 1.38× | 0.94× | 1.09× | 1.13× | 1.00× | 0.93× | 0.91× | 0.92× | 0.79× | 0.89× | 0.98× | 0.03× | 8.43× |
| Quick ratio | 0.27× | 0.26× | 0.27× | 0.20× | 0.13× | 0.18× | 0.27× | 0.25× | 0.18× | 0.21× | 0.29× | 0.26× | 0.40× | 0.31× | 0.16× | 0.27× | 0.03× | — |
| Leverage | ||||||||||||||||||
| Debt to equity | 43.0% | 21.7% | 20.6% | 22.0% | 100.1% | 63.6% | 142.3% | 135.6% | 139.0% | 115.2% | 115.8% | 192.8% | 149.5% | 174.2% | 263.5% | 226.8% | — | — |
| Debt to capital | 30.1% | 17.8% | 17.1% | 18.0% | 50.0% | 38.9% | 58.7% | 57.6% | 58.2% | 53.5% | 53.7% | 65.8% | 59.9% | 63.5% | 72.5% | 69.4% | — | — |
| Debt to assets | 20.7% | 10.9% | 10.7% | 11.2% | 38.7% | 28.8% | 42.2% | 43.9% | 46.2% | 37.4% | 39.4% | 55.9% | 51.1% | 60.0% | 69.1% | 67.5% | 0.0% | — |
| Assets to equity | 2.04× | 1.96× | 1.94× | 2.27× | 2.41× | 2.68× | 3.23× | 3.05× | 3.04× | 3.02× | 3.16× | 3.18× | 2.92× | 3.31× | 3.58× | 3.37× | — | — |
| Efficiency | ||||||||||||||||||
| Asset turnover | 1.77× | 1.32× | 1.59× | 1.56× | 1.87× | 1.65× | 1.16× | 1.46× | 1.54× | 1.42× | 1.02× | 1.00× | 1.35× | 1.15× | 0.88× | 0.52× | 0.00× | — |
| Receivable days days | 13 | 13 | 10 | 11 | 15 | 28 | 40 | 23 | 20 | 28 | 40 | 49 | 41 | 32 | 35 | 62 | — | — |
| Inventory days days | 112 | 134 | 112 | 136 | 113 | 109 | 130 | 112 | 113 | 104 | 110 | 98 | 67 | 98 | 145 | (109) | — | — |
| Payable days days | 28 | 44 | 30 | 13 | 5 | 23 | 32 | 17 | 28 | 51 | 54 | 33 | 13 | 6 | 7 | — | — | — |
| Cash conversion cycle days | 97 | 103 | 93 | 134 | 122 | 114 | 137 | 118 | 105 | 81 | 95 | 114 | 94 | 124 | 173 | (46) | — | — |
| Dividends | ||||||||||||||||||
| Dividend payout ratio | 59.2% | 69.7% | 35.7% | 30.9% | 36.2% | 40.8% | 0.0% | 24.5% | 44.8% | 50.0% | 46.1% | 0.0% | 63.1% | 0.0% | — | — | — | — |
| Earnings retention rate | 0.41× | 0.30× | 0.64× | 0.69× | 0.64× | 0.59× | 1.00× | 0.76× | 0.55× | 0.50× | 0.54× | 1.00× | 0.37× | 1.00× | — | — | — | — |
Ratios as reported for each fiscal year; returns are on average equity / assets. Debt ratios are percentages; turnover in times; working-capital measures in days.
ISL: frequently asked questions
What is ISL's EPS?
International Steels Limited reported basic earnings per share of Rs 8.44 for FY2026 (Jul 2025 – Jun 2026).
What is ISL's P/E ratio?
At the closing price of Rs 79.06 on 16 Oct 2026, ISL trades at a P/E of 9.4× based on EPS of Rs 8.44 (FY2026).
Does ISL pay dividends?
Yes. International Steels Limited declared a dividend of Rs 5.00 per share for FY2026. It has paid a dividend in each of the last 6 years. At Rs 79.06 that is a dividend yield of 6.3%.
What was ISL's revenue and profit in FY2026?
International Steels Limited reported revenue of Rs 93.3 bn and profit attributable to shareholders of Rs 3.7 bn for FY2026 (Jul 2025 – Jun 2026).
What is ISL's book value per share?
International Steels Limited's book value per share was Rs 61.63 at the end of FY2026. The shares trade at 1.28× book value.
Information only, not investment advice.