ISGEC Heavy Engineering Ltd

ISGEC Heavy Engineering Ltd

₹ 920 0.20%
04 Jun - close price
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]

  • Market Cap 6,777 Cr.
  • Current Price 920
  • High / Low 1,284 / 683
  • Stock P/E 19.0
  • Book Value 372
  • Dividend Yield 0.54 %
  • ROCE 17.0 %
  • ROE 13.8 %
  • Face Value 1.00

Pros

Cons

  • The company has delivered a poor sales growth of 3.94% over past five years.
  • Company has a low return on equity of 12.7% over last 3 years.
  • Earnings include an other income of Rs.216 Cr.
  • Company has high debtors of 201 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
1,420 1,131 1,114 1,067 1,550 1,215 1,240 1,119 1,444 984 1,243 1,327 1,675
1,314 1,054 1,020 985 1,436 1,113 1,126 1,029 1,340 908 1,150 1,221 1,587
Operating Profit 106 77 94 82 114 103 114 90 103 76 93 106 88
OPM % 7% 7% 8% 8% 7% 8% 9% 8% 7% 8% 7% 8% 5%
6 28 6 5 6 28 15 9 10 61 50 24 81
Interest 11 11 14 10 6 3 3 3 6 8 13 13 17
Depreciation 16 16 16 17 18 16 17 17 18 17 18 19 19
Profit before tax 84 78 70 60 96 111 109 78 89 112 111 99 133
Tax % 26% 18% 24% 26% 27% 21% 24% 25% 29% 23% 24% 24% 24%
62 64 53 44 71 88 83 59 63 87 84 75 101
EPS in Rs 8.45 8.67 7.21 6.01 9.62 12.04 11.34 7.98 8.59 11.78 11.47 10.22 13.68
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
3,276 3,870 3,032 2,600 4,129 4,894 4,310 4,444 4,652 4,861 5,018 5,229
2,996 3,553 2,759 2,419 3,860 4,597 3,957 4,215 4,335 4,475 4,592 4,866
Operating Profit 280 317 272 181 268 296 352 230 317 386 427 363
OPM % 9% 8% 9% 7% 6% 6% 8% 5% 7% 8% 8% 7%
42 61 93 72 34 18 35 25 34 42 59 216
Interest 33 31 34 18 33 33 35 43 53 57 30 50
Depreciation 72 64 64 67 66 74 68 65 63 67 67 74
Profit before tax 218 283 268 168 203 207 285 147 234 304 388 455
Tax % 34% 33% 30% 29% 37% 26% 23% 23% 24% 24% 24% 24%
143 190 189 119 128 153 218 113 178 232 294 347
EPS in Rs 19.48 25.84 25.66 16.19 17.45 20.82 29.68 15.34 24.20 31.51 39.95 47.16
Dividend Payout % 10% 8% 12% 10% 37% 10% 10% 13% 12% 13% 13% 0%
Compounded Sales Growth
10 Years: 3%
5 Years: 4%
3 Years: 4%
TTM: 4%
Compounded Profit Growth
10 Years: 7%
5 Years: 10%
3 Years: 26%
TTM: 22%
Stock Price CAGR
10 Years: 7%
5 Years: 10%
3 Years: 15%
1 Year: -23%
Return on Equity
10 Years: 11%
5 Years: 11%
3 Years: 13%
Last Year: 14%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 7 7 7 7 7 7 7 7 7 7 7 7
Reserves 762 950 1,118 1,215 1,340 1,463 1,667 1,776 1,938 2,147 2,410 2,726
272 313 110 82 75 354 209 443 463 45 277 685
1,807 2,136 2,129 2,024 2,840 2,609 2,904 2,695 2,945 3,666 3,275 3,626
Total Liabilities 2,848 3,406 3,364 3,329 4,262 4,433 4,787 4,921 5,354 5,865 5,969 7,044
399 460 464 455 507 519 483 475 471 456 495 505
CWIP 10 10 15 29 11 8 9 8 17 34 56 131
Investments 477 693 831 509 325 251 213 288 180 168 244 207
1,962 2,243 2,053 2,335 3,418 3,656 4,083 4,150 4,686 5,208 5,175 6,202
Total Assets 2,848 3,406 3,364 3,329 4,262 4,433 4,787 4,921 5,354 5,865 5,969 7,044

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
345 201 155 -113 -162 -191 151 -134 44 519 365 359
-207 -285 -183 310 100 23 36 -108 56 -92 -542 -523
-157 1 -236 -57 -27 219 -208 201 -44 -486 181 311
Net Cash Flow -19 -82 -264 140 -90 51 -21 -41 56 -59 5 148
Free Cash Flow 299 76 84 -184 -265 -257 119 -189 -12 454 242 210
CFO/OP 150% 94% 82% -35% -30% -42% 61% -33% 29% 155% 104% 137%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 103 131 129 156 159 148 200 187 219 233 219 201
Inventory Days 76 46 97 138 93 67 69 75 88 103 104 133
Days Payable 195 204 315 303 195 160 211 166 183 167 148 151
Cash Conversion Cycle -15 -28 -89 -10 57 55 58 96 124 169 175 182
Working Capital Days -21 -23 -17 37 57 49 84 80 90 99 96 84
ROCE % 23% 26% 21% 14% 16% 15% 17% 9% 12% 16% 17% 17%

Insights

In beta
Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Ethanol Distillery Capacity
KLPD

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Installed Solar Power Capacity
kWp
Order Book (Consolidated)
Rs. Mn
Sugar Cane Crushed (Saraswati Sugar Mills)
Lakh Tonnes
Sugar Production
Lakh Tonnes
Sugar Recovery Rate
%
Ethanol Production
KL

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
62.43% 62.43% 62.43% 62.43% 62.43% 62.43% 62.43% 62.43% 62.43% 62.43% 62.43% 62.43%
2.77% 3.48% 3.53% 3.51% 3.83% 3.91% 4.20% 3.47% 3.53% 3.48% 3.60% 3.85%
8.17% 8.33% 8.73% 8.81% 8.82% 11.26% 11.57% 11.11% 10.63% 10.39% 10.47% 10.31%
0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01%
26.61% 25.75% 25.30% 25.23% 24.91% 22.40% 21.81% 23.00% 23.39% 23.67% 23.50% 23.40%
No. of Shareholders 30,68632,60132,48431,63530,32830,00928,92532,76337,06038,44939,40238,998

* 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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