ISGEC Heavy Engineering Ltd
ISGEC Heavy Engineering Ltd is a diversified heavy engineering company engaged in manufacturing and project business with an extensive global presence. It manufactures process plant equipment, presses, Iron & Steel castings & Boiler pressure parts.
It also undertakes turnkey projects for setting-up boilers, power plants, sugar plants, distilleries, factories and others. It also has strengths in the business of construction.[1]
It is also engaged in the business of manufacture of sugar and its by-products through a subsidiary.[2]
- Market Cap ₹ 7,358 Cr.
- Current Price ₹ 1,001
- High / Low ₹ 1,178 / 465
- Stock P/E 33.0
- Book Value ₹ 278
- Dividend Yield 0.30 %
- ROCE 12.4 %
- ROE 9.58 %
- Face Value ₹ 1.00
Pros
- Company has reduced debt.
Cons
- Stock is trading at 3.60 times its book value
- Company has a low return on equity of 9.86% over last 3 years.
- Dividend payout has been low at 11.8% of profits over last 3 years
- Company has high debtors of 219 days.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Infrastructure Developers & Operators Industry: Engineering - Turnkey Services
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Sep 2012 | Sep 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2,662 | 2,512 | 1,439 | 3,276 | 3,870 | 3,032 | 2,600 | 4,129 | 4,894 | 4,310 | 4,444 | 4,652 | 4,731 | |
2,515 | 2,359 | 1,345 | 2,996 | 3,553 | 2,759 | 2,419 | 3,860 | 4,597 | 3,957 | 4,215 | 4,335 | 4,373 | |
Operating Profit | 148 | 152 | 94 | 280 | 317 | 272 | 181 | 268 | 296 | 352 | 230 | 317 | 358 |
OPM % | 6% | 6% | 7% | 9% | 8% | 9% | 7% | 6% | 6% | 8% | 5% | 7% | 8% |
37 | 42 | 23 | 42 | 61 | 93 | 72 | 34 | 18 | 35 | 25 | 34 | 44 | |
Interest | 38 | 36 | 19 | 33 | 31 | 34 | 18 | 33 | 33 | 35 | 43 | 53 | 45 |
Depreciation | 45 | 54 | 28 | 72 | 64 | 64 | 67 | 66 | 74 | 68 | 65 | 63 | 65 |
Profit before tax | 101 | 105 | 70 | 218 | 283 | 268 | 168 | 203 | 207 | 285 | 147 | 234 | 292 |
Tax % | 30% | 31% | 34% | 34% | 33% | 30% | 29% | 37% | 26% | 23% | 23% | 24% | |
70 | 72 | 46 | 143 | 190 | 189 | 119 | 128 | 153 | 218 | 113 | 178 | 223 | |
EPS in Rs | 9.50 | 9.83 | 6.29 | 19.48 | 25.84 | 25.66 | 16.19 | 17.45 | 20.82 | 29.68 | 15.34 | 24.20 | 30.34 |
Dividend Payout % | 11% | 10% | 11% | 10% | 8% | 12% | 10% | 37% | 10% | 10% | 13% | 12% |
Compounded Sales Growth | |
---|---|
10 Years: | 6% |
5 Years: | 12% |
3 Years: | -2% |
TTM: | 3% |
Compounded Profit Growth | |
---|---|
10 Years: | 11% |
5 Years: | 10% |
3 Years: | 6% |
TTM: | 48% |
Stock Price CAGR | |
---|---|
10 Years: | 25% |
5 Years: | 12% |
3 Years: | 23% |
1 Year: | 111% |
Return on Equity | |
---|---|
10 Years: | 12% |
5 Years: | 10% |
3 Years: | 10% |
Last Year: | 10% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Sep 2012 | Sep 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 |
Reserves | 537 | 602 | 641 | 762 | 950 | 1,118 | 1,215 | 1,340 | 1,463 | 1,667 | 1,776 | 1,938 | 2,036 |
268 | 329 | 394 | 272 | 313 | 110 | 82 | 75 | 354 | 209 | 443 | 463 | 264 | |
1,288 | 1,460 | 1,518 | 1,807 | 2,136 | 2,129 | 2,024 | 2,840 | 2,609 | 2,904 | 2,695 | 2,945 | 3,460 | |
Total Liabilities | 2,100 | 2,398 | 2,561 | 2,848 | 3,406 | 3,364 | 3,329 | 4,262 | 4,433 | 4,787 | 4,921 | 5,354 | 5,767 |
370 | 428 | 414 | 399 | 460 | 464 | 455 | 507 | 519 | 483 | 475 | 471 | 473 | |
CWIP | 46 | 8 | 27 | 10 | 10 | 15 | 29 | 11 | 8 | 9 | 8 | 17 | 13 |
Investments | 271 | 334 | 267 | 477 | 693 | 831 | 509 | 325 | 251 | 213 | 288 | 180 | 241 |
1,413 | 1,628 | 1,853 | 1,962 | 2,243 | 2,053 | 2,335 | 3,418 | 3,656 | 4,083 | 4,150 | 4,686 | 5,040 | |
Total Assets | 2,100 | 2,398 | 2,561 | 2,848 | 3,406 | 3,364 | 3,329 | 4,262 | 4,433 | 4,787 | 4,921 | 5,354 | 5,767 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Sep 2012 | Sep 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
-10 | 333 | -27 | 345 | 201 | 155 | -113 | -162 | -191 | 151 | -134 | 44 | |
-89 | -104 | 41 | -207 | -285 | -183 | 310 | 100 | 23 | 36 | -108 | 56 | |
30 | 26 | 43 | -157 | 1 | -236 | -57 | -27 | 219 | -208 | 201 | -44 | |
Net Cash Flow | -70 | 256 | 57 | -19 | -82 | -264 | 140 | -90 | 51 | -21 | -41 | 56 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Sep 2012 | Sep 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 95 | 111 | 200 | 103 | 131 | 129 | 156 | 159 | 148 | 200 | 187 | 219 |
Inventory Days | 111 | 86 | 184 | 76 | 46 | 97 | 138 | 93 | 67 | 69 | 75 | 88 |
Days Payable | 139 | 164 | 328 | 195 | 204 | 315 | 303 | 195 | 160 | 211 | 166 | 183 |
Cash Conversion Cycle | 67 | 33 | 56 | -15 | -28 | -89 | -10 | 57 | 55 | 58 | 96 | 124 |
Working Capital Days | 22 | -0 | 35 | 3 | 5 | -4 | 49 | 64 | 75 | 94 | 108 | 125 |
ROCE % | 17% | 14% | 9% | 23% | 26% | 21% | 14% | 16% | 15% | 17% | 9% | 12% |
Documents
Announcements
- Compliance Certificate - Regulation 40(9) Of The SEBI (LODR) Regulations, 2015 16 Apr
- Compliance Certificate - Regulation 7(3) Of The SEBI (LODR) Regulations, 2015 12 Apr
- Announcement Under Regulation 30 - Commencement Of Commercial Operation By A Step-Down Subsidiary. 11 Apr
- Announcement under Regulation 30 (LODR)-Change in Management 11 Apr
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 10 Apr
Annual reports
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Financial Year 2009
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Concalls
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Feb 2024Transcript PPT
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Jun 2021TranscriptNotesPPT
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Aug 2019TranscriptNotesPPT
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Jun 2018TranscriptNotesPPT
History
Established in 1933, the company initially offered Sugar Machinery and Boilers. Over the years, it evolved into a diversified heavy engineering company involved in manufacturing and project businesses, with a strong global presence. [1]