Isgec Heavy Engineering Limited ISGEC NSEINFRA
Company Overview
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.
Why Investors Should Care
Carries low leverage with a debt-to-equity ratio of 0.35.
Generates positive free cash flow, funding growth and shareholder returns internally.
Recent Developments
- Mar 2026 Revenue of ₹6,789.26 Cr (+5.7% YoY); net profit ₹108.93 Cr.
- Trailing 12 Months Year-on-year growth — revenue +5.7%, earnings -42.6%.
- 5-Year Trend Long-term compounding — revenue CAGR 2.5%, profit CAGR -17.9%.
Growth & Price Performance
Compounded Sales Growth
| 5 Years: | 2.49% |
| 1 Year: | 5.67% |
Compounded Profit Growth
| 5 Years: | -17.85% |
| 1 Year: | -42.57% |
Stock Price Performance
| 1 Year: | -25.08% |
| 6 Months: | +5.03% |
| 3 Months: | -13.83% |
| 1 Month: | -2.93% |
Highlights auto-generated from reported financials and price data; not investment advice. Verify with official filings before acting.
- Price vs 50-DMABelow
- Price vs 200-DMABelow
- RSI (14)40.06 · Neutral
P/E of 34.83 is above the sector median of 29.60 — pricier than peers.
Auto-generated from price history and fundamentals; not investment advice.
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 Charts
No fundamental data available for this stock.
Interactive charts for Revenue, Net Income, EBITDA, Free Cash Flow, EPS, ROE, ROCE, Gross/Net/Operating Margin and more — switch metric and period using the dropdowns above. CAGR is computed across the displayed window (quarterly CAGR is annualised). Visual growth charts make it easy to spot multi-year compounding trends at a glance — far faster than reading raw numbers in a table.
PROS
- Generates positive free cash flow.
- In a confirmed uptrend (50-DMA above 200-DMA).
CONS
- Earnings shrank at -17.9% CAGR over 5 years.
- Trading 25.1% below its 52-week high.
* The pros and cons are auto-generated from financial metrics.
Valuation
Growth (CAGR)
Profitability & Returns
Balance Sheet & Liquidity
Ownership
Financial Snapshot
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 | 898.15 | 34.83 | ₹6,604.05 Cr | 0.55% | 10.54% | 3.98% | 2.49% | -17.85% |
| 2 | LT Larsen & Toubro Limited NIFTY50NSEAIINFRA | 3,849.40 | 32.93 | ₹5.30 L Cr | 0.96% | 14.55% | 14.72% | 16.09% | 15.38% |
| 3 | ADANIPORTS Adani Ports and Special Economic Zone Limited NIFTY50NSEINFRA | 1,834.20 | 31.50 | ₹4.23 L Cr | 0.42% | 10.97% | 13.32% | 22.93% | 34.11% |
| 4 | BEL Bharat Electronics Limited NIFTY50NSEAIDEFENCEINFRAPSU | 410.75 | 56.42 | ₹3.00 L Cr | 1.05% | 31.88% | 25.27% | 16.63% | 26.64% |
| 5 | HAL Hindustan Aeronautics Limited NSEAIDEFENCEINFRAPSU | 4,463.30 | 32.75 | ₹2.98 L Cr | 0.44% | 13.80% | 22.21% | 7.87% | 16.08% |
| 6 | INDIGO InterGlobe Aviation Limited NSEINFRA | 5,202.50 | -84.07 | ₹2.01 L Cr | 0.24% | 4.02% | -34.31% | 16.59% | -227.40% |
| 7 | CUMMINSIND Cummins India Limited NSEINFRA | 5,535.50 | 64.97 | ₹1.53 L Cr | 1.17% | 34.95% | 27.87% | 16.07% | 24.35% |
| 8 | ABB ABB India Limited NSEAIINFRA | 6,951.50 | 88.30 | ₹1.47 L Cr | 0.58% | 28.45% | 21.29% | 15.41% | 17.97% |
| 9 | POWERINDIA Hitachi Energy India Limited NIFTY_MIDNSEINFRA | 33,005.00 | 148.92 | ₹1.47 L Cr | 0.02% | 24.92% | 19.09% | 22.24% | 119.12% |
Financial Statements Quarterly Results · Profit & Loss · Balance Sheet · Cash Flows · Ratios
Quarterly Results
Figures in INR.
| Metric | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 2,043.00 Cr | 1,386.00 Cr | 1,473.00 Cr | 1,493.00 Cr | 1,868.00 Cr | 1,540.00 Cr | - | - | 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 | 1,878.00 Cr | 1,282.00 Cr | 1,340.00 Cr | 1,369.00 Cr | 1,730.00 Cr | 1,415.00 Cr | - | - | 475.88 Cr | 381.78 Cr | 462.11 Cr | 469.66 Cr | 645.99 Cr |
| Operating Income | 137.00 Cr | 79.00 Cr | 108.00 Cr | 96.00 Cr | 110.00 Cr | 99.00 Cr | - | - | 73.32 Cr | 94.29 Cr | 120.76 Cr | 165.83 Cr | 88.19 Cr |
| EBITDA | 164.00 Cr | 104.00 Cr | 134.00 Cr | 123.00 Cr | 138.00 Cr | 125.00 Cr | - | - | 147.31 Cr | 138.00 Cr | 181.78 Cr | 194.98 Cr | 218.52 Cr |
| Interest Expense | 17.00 Cr | 19.00 Cr | 20.00 Cr | 13.00 Cr | 11.00 Cr | 11.00 Cr | - | - | 25.92 Cr | 16.36 Cr | 19.20 Cr | 16.72 Cr | 20.11 Cr |
| Pretax Income | 126.00 Cr | 72.00 Cr | 91.00 Cr | 89.00 Cr | 102.00 Cr | 96.00 Cr | - | - | 50.08 Cr | 95.73 Cr | 135.94 Cr | 150.41 Cr | 130.77 Cr |
| Tax Provision | 32.76 Cr | 19.44 Cr | 27.30 Cr | 22.25 Cr | 30.60 Cr | 28.80 Cr | - | - | 31.66 Cr | 31.79 Cr | 37.94 Cr | 38.24 Cr | 45.80 Cr |
| Net Income | 93.00 Cr | 53.00 Cr | 64.00 Cr | 67.00 Cr | 72.00 Cr | 67.00 Cr | - | - | 11.57 Cr | 52.25 Cr | 43.95 Cr | 69.78 Cr | 73.23 Cr |
| Diluted EPS | 11.71 | 6.89 | 8.13 | 8.42 | 9.70 | 8.90 | - | - | 1.57 | 7.11 | 5.98 | 9.49 | 9.96 |
Profit & Loss (Annual)
Figures in INR.
| Metric | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 3,952.00 Cr | 4,507.00 Cr | 3,916.00 Cr | 3,790.00 Cr | 5,050.00 Cr | 5,882.00 Cr | 5,426.00 Cr | - | 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 | 3,679.00 Cr | 4,157.00 Cr | 3,510.00 Cr | 3,481.00 Cr | 4,761.00 Cr | 5,537.00 Cr | 4,956.00 Cr | - | 1,016.66 Cr | 999.68 Cr | 1,666.15 Cr | 2,123.22 Cr |
| Operating Income | 190.00 Cr | 273.00 Cr | 332.00 Cr | 228.00 Cr | 207.00 Cr | 244.00 Cr | 368.00 Cr | - | 378.13 Cr | 443.52 Cr | 352.08 Cr | 276.39 Cr |
| EBITDA | 273.00 Cr | 349.00 Cr | 407.00 Cr | 309.00 Cr | 289.00 Cr | 345.00 Cr | 469.00 Cr | - | 462.54 Cr | 543.59 Cr | 566.13 Cr | 671.34 Cr |
| Interest Expense | 51.00 Cr | 66.00 Cr | 58.00 Cr | 34.00 Cr | 45.00 Cr | 61.00 Cr | 64.00 Cr | - | 68.21 Cr | 58.82 Cr | 65.22 Cr | 85.10 Cr |
| Pretax Income | 188.00 Cr | 284.00 Cr | 367.00 Cr | 251.00 Cr | 227.00 Cr | 214.00 Cr | 356.00 Cr | - | 290.03 Cr | 383.32 Cr | 326.28 Cr | 307.90 Cr |
| Tax Provision | 63.92 Cr | 93.72 Cr | 117.44 Cr | 82.83 Cr | 83.99 Cr | 64.20 Cr | 103.24 Cr | - | 84.49 Cr | 98.97 Cr | 121.89 Cr | 153.86 Cr |
| Net Income | 123.00 Cr | 190.00 Cr | 248.00 Cr | 168.00 Cr | 144.00 Cr | 149.00 Cr | 253.00 Cr | - | 196.49 Cr | 243.67 Cr | 189.66 Cr | 108.93 Cr |
| Diluted EPS | 16.03 | 25.13 | 32.94 | 21.40 | 19.42 | 19.65 | 33.71 | 14.80 | 26.72 | 33.14 | 25.79 | - |
Balance Sheet (Annual)
Figures in INR.
| Metric | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | 3,479.00 Cr | 4,124.00 Cr | 4,114.00 Cr | 3,826.00 Cr | 5,121.00 Cr | 5,941.00 Cr | 6,445.00 Cr | - | 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 | 524.00 Cr | 661.00 Cr | 356.00 Cr | 174.00 Cr | 304.00 Cr | 991.00 Cr | 983.00 Cr | - | 1,235.30 Cr | 814.39 Cr | 860.51 Cr | 950.91 Cr |
| Total Equity | 844.00 Cr | 1,028.00 Cr | 1,253.00 Cr | 1,381.00 Cr | 1,515.00 Cr | 1,784.00 Cr | 2,021.00 Cr | - | 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 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 261.00 Cr | 123.00 Cr | 236.00 Cr | 101.00 Cr | -238.00 Cr | 104.00 Cr | 228.00 Cr | - | 207.65 Cr | 735.16 Cr | 116.18 Cr | 764.97 Cr |
| Investing Cash Flow | -239.00 Cr | -261.00 Cr | -141.00 Cr | 276.00 Cr | 73.00 Cr | -328.00 Cr | -164.00 Cr | - | -58.44 Cr | -232.37 Cr | -304.11 Cr | -130.60 Cr |
| Financing Cash Flow | -66.00 Cr | 66.00 Cr | -370.00 Cr | -233.00 Cr | 93.00 Cr | 295.00 Cr | -89.00 Cr | - | -97.76 Cr | -486.83 Cr | 108.40 Cr | -341.25 Cr |
| Capital Expenditure | -82.00 Cr | -126.00 Cr | -87.00 Cr | -99.00 Cr | -125.00 Cr | -432.00 Cr | -239.00 Cr | - | -157.80 Cr | -245.10 Cr | -240.95 Cr | -168.28 Cr |
| Free Cash Flow | 179.00 Cr | -3.00 Cr | 149.00 Cr | 2.00 Cr | -363.00 Cr | -328.00 Cr | -11.00 Cr | - | 49.85 Cr | 490.06 Cr | -124.77 Cr | 596.69 Cr |
| Net Change in Cash | -44.00 Cr | -72.00 Cr | -275.00 Cr | 144.00 Cr | -71.00 Cr | 71.00 Cr | -25.00 Cr | - | 51.44 Cr | 15.97 Cr | -79.53 Cr | 293.12 Cr |
Ratios (Annual)
Figures in %.
| Metric | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin % | - | - | - | - | - | - | - | - | 22.1% | 23.4% | 31.4% | 35.3% |
| Operating Margin % | 4.8% | 6.1% | 8.5% | 6.0% | 4.1% | 4.1% | 6.8% | - | 6.0% | 7.2% | 5.5% | 4.1% |
| Net Margin % | 3.1% | 4.2% | 6.3% | 4.4% | 2.9% | 2.5% | 4.7% | - | 3.1% | 4.0% | 3.0% | 1.6% |
| ROE % | 14.6% | 18.5% | 19.8% | 12.2% | 9.5% | 8.4% | 12.5% | - | 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
Recent headlines for ISGEC
Isgec Heavy Engineering Share Price - Live NSE: ISGEC Stock Price & Chart - Upstox
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Is Isgec Heavy Engineering (NSE:ISGEC) A Risky Investment? - simplywall.st
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Isgec Heavy Engineering completes sale of JV stake, reducing shareholding to 26% - scanx.trade
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Microcap stocks in demand; Sterlite Tech, ISGEC Heavy zoom up to 20% - Business Standard
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ISGEC Heavy Engineering Ltd. Share Price Live Today - CNBC TV18
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ISGEC Heavy Eng Consolidated March 2026 Net Sales at Rs 2,048.28 crore, up 17.42% Y-o-Y - Moneycontrol.com
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ISGEC — Frequently Asked Questions
What is the current share price of Isgec Heavy Engineering Limited (ISGEC)?
As of 2026-07-15 09:52 IST, Isgec Heavy Engineering Limited (ISGEC) trades at ₹898.15 on NSE. Its 52-week range is ₹694.50 to ₹1,198.82.
What is the market capitalisation of ISGEC?
Isgec Heavy Engineering Limited (ISGEC) has a market capitalisation of ₹6,604.05 Cr on NSE.
What is the P/E ratio of ISGEC?
ISGEC trades at a trailing price-to-earnings (P/E) ratio of 34.83. The industry average P/E is 29.60. Its price-to-book (P/B) ratio is 2.42.
Does ISGEC pay a dividend?
Isgec Heavy Engineering Limited (ISGEC) currently offers a dividend yield of 0.55%.
What is the return on equity (ROE) of ISGEC?
ISGEC has a return on equity (ROE) of 3.98%. Its return on capital employed (ROCE) is 10.54%.
Is ISGEC a good stock to buy?
This page provides a data-driven analysis of Isgec Heavy Engineering Limited (ISGEC), including valuation ratios, profitability, growth trends, auto-generated pros and cons, peer comparison and AI exposure. Review these fundamentals alongside your own research and risk tolerance. This is informational content, not investment advice.