ISGEC Heavy Engineering Ltd

ISGEC Heavy Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

ISGEC Heavy Engineering Ltd

₹ 785 -1.73%
05 Dec - close price
isgec.com BSE: 533033 NSE: ISGEC
About

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]

Key Points

History
Established in 1933, the company initially offered Sugar Machinery and Boilers. Over the years, it has transformed into a diversified heavy engineering company with 86% Consolidated Revenues from Engineering Products and Projects. [1]

Website BSE NSE
  • Market Cap ₹ 5,772 Cr.
  • Current Price ₹ 785
  • High / Low ₹ 1,677 / 781
  • Stock P/E 19.7
  • Book Value ₹ 347
  • Dividend Yield 0.64 %
  • ROCE 17.0 %
  • ROE 12.7 %
  • Face Value ₹ 1.00
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Pros

Cons

  • The company has delivered a poor sales growth of 0.50% over past five years.
  • Company has a low return on equity of 11.3% over last 3 years.
  • Earnings include an other income of Rs.129 Cr.
  • 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

Industrials Construction Construction Civil Construction

Part of BSE SmallCap BSE Allcap BSE Industrials Nifty Microcap 250 Nifty Total Market

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025
1,141 1,098 1,420 1,131 1,114 1,067 1,550 1,215 1,240 1,119 1,444 984 1,243
1,078 1,024 1,314 1,054 1,020 985 1,436 1,113 1,126 1,029 1,340 908 1,150
Operating Profit 62 75 106 77 94 82 114 103 114 90 103 76 93
OPM % 5% 7% 7% 7% 8% 8% 7% 8% 9% 8% 7% 8% 7%
19 5 6 28 6 5 6 28 15 9 10 61 50
Interest 9 10 11 11 14 10 6 3 3 3 6 8 13
Depreciation 16 16 16 16 16 17 18 16 17 17 18 17 18
Profit before tax 57 53 84 78 70 60 96 111 109 78 89 112 111
Tax % 19% 26% 26% 18% 24% 26% 27% 21% 24% 25% 29% 23% 24%
46 40 62 64 53 44 71 88 83 59 63 87 84
EPS in Rs 6.24 5.42 8.45 8.67 7.21 6.01 9.62 12.04 11.34 7.98 8.59 11.78 11.47
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 6m Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
1,439 3,276 3,870 3,032 2,600 4,129 4,894 4,310 4,444 4,652 4,861 5,018 4,790
1,345 2,996 3,553 2,759 2,419 3,860 4,597 3,957 4,215 4,335 4,475 4,592 4,428
Operating Profit 94 280 317 272 181 268 296 352 230 317 386 427 362
OPM % 7% 9% 8% 9% 7% 6% 6% 8% 5% 7% 8% 8% 8%
23 42 61 93 72 34 18 35 25 34 42 59 129
Interest 19 33 31 34 18 33 33 35 43 53 57 30 30
Depreciation 28 72 64 64 67 66 74 68 65 63 67 67 70
Profit before tax 70 218 283 268 168 203 207 285 147 234 304 388 391
Tax % 34% 34% 33% 30% 29% 37% 26% 23% 23% 24% 24% 24%
46 143 190 189 119 128 153 218 113 178 232 294 293
EPS in Rs 6.29 19.48 25.84 25.66 16.19 17.45 20.82 29.68 15.34 24.20 31.51 39.95 39.82
Dividend Payout % 11% 10% 8% 12% 10% 37% 10% 10% 13% 12% 13% 13%
Compounded Sales Growth
10 Years: 4%
5 Years: 1%
3 Years: 4%
TTM: -6%
Compounded Profit Growth
10 Years: 8%
5 Years: 14%
3 Years: 37%
TTM: 2%
Stock Price CAGR
10 Years: 5%
5 Years: 22%
3 Years: 15%
1 Year: -48%
Return on Equity
10 Years: 11%
5 Years: 11%
3 Years: 11%
Last Year: 13%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Sep 2025
Equity Capital 7 7 7 7 7 7 7 7 7 7 7 7 7
Reserves 641 762 950 1,118 1,215 1,340 1,463 1,667 1,776 1,938 2,147 2,410 2,543
394 272 313 110 82 75 354 209 443 463 45 277 612
1,518 1,807 2,136 2,129 2,024 2,840 2,609 2,904 2,695 2,945 3,666 3,275 3,367
Total Liabilities 2,561 2,848 3,406 3,364 3,329 4,262 4,433 4,787 4,921 5,354 5,865 5,969 6,529
414 399 460 464 455 507 519 483 475 471 456 495 490
CWIP 27 10 10 15 29 11 8 9 8 17 34 56 88
Investments 267 477 693 831 509 325 251 213 288 180 168 244 202
1,853 1,962 2,243 2,053 2,335 3,418 3,656 4,083 4,150 4,686 5,208 5,175 5,750
Total Assets 2,561 2,848 3,406 3,364 3,329 4,262 4,433 4,787 4,921 5,354 5,865 5,969 6,529

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
-27 345 201 155 -113 -162 -191 151 -134 44 519 365
41 -207 -285 -183 310 100 23 36 -108 56 -92 -542
43 -157 1 -236 -57 -27 219 -208 201 -44 -486 181
Net Cash Flow 57 -19 -82 -264 140 -90 51 -21 -41 56 -59 5

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 200 103 131 129 156 159 148 200 187 219 233 219
Inventory Days 184 76 46 97 138 93 67 69 75 88 103 104
Days Payable 328 195 204 315 303 195 160 211 166 183 167 148
Cash Conversion Cycle 56 -15 -28 -89 -10 57 55 58 96 124 169 175
Working Capital Days -35 -21 -23 -17 37 57 49 84 80 90 99 96
ROCE % 23% 26% 21% 14% 16% 15% 17% 9% 12% 16% 17%

Shareholding Pattern

Numbers in percentages

Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
62.43% 62.43% 62.43% 62.43% 62.43% 62.43% 62.43% 62.43% 62.43% 62.43% 62.43% 62.43%
2.81% 2.45% 2.77% 3.48% 3.53% 3.51% 3.83% 3.91% 4.20% 3.47% 3.53% 3.48%
7.14% 7.80% 8.17% 8.33% 8.73% 8.81% 8.82% 11.26% 11.57% 11.11% 10.63% 10.39%
0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01%
27.60% 27.30% 26.61% 25.75% 25.30% 25.23% 24.91% 22.40% 21.81% 23.00% 23.39% 23.67%
No. of Shareholders 33,17033,30930,68632,60132,48431,63530,32830,00928,92532,76337,06038,449

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Documents

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