ISL International Steels Limited

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.

ISL financial ratios (annual) (Rs mn)
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.