Isgec Heavy Engineering Limited ISGEC NSEINFRA
Isgec Heavy Engineering Limited provides engineering solutions worldwide. It operates in two segments, Manufacturing of Machinery & Equipment; and Industrial Projects. The company provides process plant equipment, including reactors, high pressure vessels, shell and tube heat exchangers, columns and towers, and high pressure boiler drums; boilers, such as solid and biomass fuels, bagasse and biomass, oil and gas fired, blast furnace gas fired, waste to energy, and heat recovery boilers, as well as auxiliaries comprising air pollution control equipment, bag filters, SCR/SNCR, flue gas desulphurization systems, and deaerators; and site construction and commissioning, operation and maintenance, supervision, retrofitting and modernization, residual life assessment studies, spares, and technical assistance services. It also offers engineering, procurement, and construction services; sugar plants and machinery that include mills, diffusers, process house equipment, sugar refinery, turnkey distillery plants, and spares and retrofits; presses, such as mechanical and hydraulic straight sided, mechanical gap and ring frame, and servo presses; and steel castings, including steam/gas turbine, hydro turbine, valve, pump, mining and crushing, and general engineering castings. In addition, the company provides iron castings, air pollution control equipment, and liquefied gas containers, as well as contract manufacturing services. Further, it manufactures and sells sugar and its by-products, and ethanol and its by-products. It serves power, fertilizer, sugar and distillery, oil and gas, petrochemicals, automobile, steel, defense, cement, and chemicals industries. The company was formerly known as The Saraswati Industrial Syndicate Limited and changed its name to Isgec Heavy Engineering Limited in 2011. The company was incorporated in 1933 and is based in Noida, India.
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Valuation
Profitability & Returns
Balance Sheet & Liquidity
Ownership
Financial Snapshot
Growth (CAGR)
PROS
- Generates positive free cash flow.
- In a confirmed uptrend (50-DMA above 200-DMA).
CONS
- Trading at a high P/E of 62.9.
- Earnings shrank at -17.9% CAGR over 5 years.
- Trading 26.4% below its 52-week high.
* The pros and cons are auto-generated from financial metrics.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth
No fundamental data available for this stock.
Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).
Peer comparison
Peer companies in the same sector (Industrials).
| # | Name | CMP ₹ | P/E | Mkt Cap | Div Yld % | ROCE % | ROE % | Rev CAGR 5Y % | Profit CAGR 5Y % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | ISGEC Isgec Heavy Engineering Limited NSEINFRA | 929.80 | 62.91 | ₹6,836.77 Cr | 0.54% | 10.54% | 5.37% | 2.49% | -17.85% |
| 2 | LT Larsen & Toubro Limited NIFTY50NSEAIINFRA | 4,076.50 | 34.84 | ₹5.61 L Cr | 0.93% | 14.55% | 16.95% | 16.09% | 15.38% |
| 3 | ADANIPORTS Adani Ports and Special Economic Zone Limited NIFTY50NSEINFRA | 1,804.60 | 30.96 | ₹4.16 L Cr | 0.42% | 11.02% | 15.59% | 22.93% | 34.11% |
| 4 | HAL Hindustan Aeronautics Limited NSEAIDEFENCEINFRAPSU | 4,303.80 | 31.55 | ₹2.88 L Cr | 1.16% | 13.80% | 23.98% | 7.87% | 16.08% |
| 5 | POWERINDIA Hitachi Energy India Limited NIFTY_MIDNSEINFRA | 38,445.00 | 172.41 | ₹1.71 L Cr | 0.02% | 24.92% | 21.04% | 22.24% | 119.12% |
| 6 | INDIGO InterGlobe Aviation Limited NSEINFRA | 4,405.00 | - | ₹1.70 L Cr | 0.24% | 15.53% | - | 44.12% | 72.60% |
| 7 | CUMMINSIND Cummins India Limited NSEINFRA | 5,881.00 | 68.97 | ₹1.63 L Cr | 1.12% | 34.95% | 29.45% | 16.07% | 24.35% |
| 8 | CGPOWER CG Power and Industrial Solutions Limited NSEINFRA | 917.45 | 118.99 | ₹1.44 L Cr | 0.14% | 19.35% | 19.56% | 21.67% | 7.81% |
| 9 | POLYCAB Polycab India Limited NIFTY_MIDNSEAIINFRA | 9,477.50 | 53.48 | ₹1.43 L Cr | 0.37% | 30.44% | 24.58% | 26.57% | 28.11% |
Quarterly Results
Figures in INR.
| Metric | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Revenue | - | - | 1,744.77 Cr | 1,340.99 Cr | 1,691.09 Cr | 1,738.56 Cr | 2,048.28 Cr |
| Cost of Revenue | - | - | 1,195.57 Cr | 864.92 Cr | 1,108.22 Cr | 1,103.07 Cr | 1,314.10 Cr |
| Gross Profit | - | - | 549.20 Cr | 476.07 Cr | 582.87 Cr | 635.49 Cr | 734.18 Cr |
| Operating Expenses | - | - | 475.88 Cr | 381.78 Cr | 462.11 Cr | 469.66 Cr | 645.99 Cr |
| Operating Income | - | - | 73.32 Cr | 94.29 Cr | 120.76 Cr | 165.83 Cr | 88.19 Cr |
| EBITDA | - | - | 147.31 Cr | 138.00 Cr | 181.78 Cr | 194.98 Cr | 218.52 Cr |
| Interest Expense | - | - | 25.92 Cr | 16.36 Cr | 19.20 Cr | 16.72 Cr | 20.11 Cr |
| Pretax Income | - | - | 50.08 Cr | 95.73 Cr | 135.94 Cr | 150.41 Cr | 130.77 Cr |
| Tax Provision | - | - | 31.66 Cr | 31.79 Cr | 37.94 Cr | 38.24 Cr | 45.80 Cr |
| Net Income | - | - | 11.57 Cr | 52.25 Cr | 43.95 Cr | 69.78 Cr | 73.23 Cr |
| Diluted EPS | - | - | 1.57 | 7.11 | 5.98 | 9.49 | 9.96 |
Profit & Loss (Annual)
Figures in INR.
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Revenue | - | 6,305.56 Cr | 6,165.97 Cr | 6,425.01 Cr | 6,789.26 Cr |
| Cost of Revenue | - | 4,910.77 Cr | 4,722.76 Cr | 4,406.78 Cr | 4,389.65 Cr |
| Gross Profit | - | 1,394.79 Cr | 1,443.21 Cr | 2,018.23 Cr | 2,399.61 Cr |
| Operating Expenses | - | 1,016.66 Cr | 999.68 Cr | 1,666.15 Cr | 2,123.22 Cr |
| Operating Income | - | 378.13 Cr | 443.52 Cr | 352.08 Cr | 276.39 Cr |
| EBITDA | - | 462.54 Cr | 543.59 Cr | 566.13 Cr | 671.34 Cr |
| Interest Expense | - | 68.21 Cr | 58.82 Cr | 65.22 Cr | 85.10 Cr |
| Pretax Income | - | 290.03 Cr | 383.32 Cr | 326.28 Cr | 307.90 Cr |
| Tax Provision | - | 84.49 Cr | 98.97 Cr | 121.89 Cr | 153.86 Cr |
| Net Income | - | 196.49 Cr | 243.67 Cr | 189.66 Cr | 108.93 Cr |
| Diluted EPS | 14.80 | 26.72 | 33.14 | 25.79 | - |
Compounded Sales Growth
| 5 Years: | 2.49% |
| 1 Year: | 17.40% |
Compounded Profit Growth
| 5 Years: | -17.85% |
| 1 Year: | 4.10% |
Stock Price Performance
| 1 Year: | -25.71% |
| 6 Months: | +12.49% |
| 3 Months: | +6.88% |
| 1 Month: | -13.29% |
Balance Sheet (Annual)
Figures in INR.
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Total Assets | - | 7,074.72 Cr | 7,835.17 Cr | 8,041.46 Cr | 8,077.14 Cr |
| Current Assets | - | 5,161.66 Cr | 5,735.30 Cr | 6,921.28 Cr | 6,034.34 Cr |
| Cash & Equivalents | - | 168.15 Cr | 142.62 Cr | 92.36 Cr | 324.22 Cr |
| Inventory | - | 1,163.84 Cr | 1,410.34 Cr | 1,477.47 Cr | 1,652.65 Cr |
| Receivables | - | 2,819.51 Cr | 2,928.69 Cr | 2,832.64 Cr | 2,751.30 Cr |
| Total Liabilities | - | 4,682.63 Cr | 5,216.63 Cr | 5,192.64 Cr | 5,189.47 Cr |
| Current Liabilities | - | 3,908.95 Cr | 4,493.90 Cr | 4,671.12 Cr | 4,347.45 Cr |
| Long Term Debt | - | 432.86 Cr | 406.49 Cr | 221.18 Cr | 517.42 Cr |
| Total Debt | - | 1,235.30 Cr | 814.39 Cr | 860.51 Cr | 950.91 Cr |
| Total Equity | - | 2,304.32 Cr | 2,522.56 Cr | 2,738.77 Cr | 2,736.58 Cr |
| Shares Outstanding | - | 7.35 Cr | 7.35 Cr | 7.35 Cr | 7.35 Cr |
Cash Flows (Annual)
Figures in INR.
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Operating Cash Flow | - | 207.65 Cr | 735.16 Cr | 116.18 Cr | 764.97 Cr |
| Investing Cash Flow | - | -58.44 Cr | -232.37 Cr | -304.11 Cr | -130.60 Cr |
| Financing Cash Flow | - | -97.76 Cr | -486.83 Cr | 108.40 Cr | -341.25 Cr |
| Capital Expenditure | - | -157.80 Cr | -245.10 Cr | -240.95 Cr | -168.28 Cr |
| Free Cash Flow | - | 49.85 Cr | 490.06 Cr | -124.77 Cr | 596.69 Cr |
| Net Change in Cash | - | 51.44 Cr | 15.97 Cr | -79.53 Cr | 293.12 Cr |
Ratios (Annual)
Figures in %.
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Gross Margin % | - | 22.1% | 23.4% | 31.4% | 35.3% |
| Operating Margin % | - | 6.0% | 7.2% | 5.5% | 4.1% |
| Net Margin % | - | 3.1% | 4.0% | 3.0% | 1.6% |
| ROE % | - | 8.5% | 9.7% | 6.9% | 4.0% |
| ROCE % | - | 11.9% | 13.3% | 10.4% | 7.4% |
Shareholding Pattern
Analyst View
Analyst aggregate. Targets and ratings update periodically; not investment advice.
Latest News
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