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ISGEC Heavy Engineering Ltd

₹ 866-0.94%
07 Jan – close price
🔗isgec.com•BSE: 533033•NSE: ISGEC
Market Cap₹ 6,374 Cr.
Current Price₹ 866
High / Low₹ 1,599
Stock P/E21.8
Book Value₹ 347
Dividend Yield0.58 %
ROCE17.0 %
ROE12.7 %
Face Value₹ 1.00
Sales₹ 4,790 Cr.
OPM7.57 %
Mar Cap₹ 6,374 Cr.

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

HistoryEstablished 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]

Also present in buckets:
Aggressive Growth TriggersExcellent ResultsRevenue GuidanceAsset Base ExpansionCapacity Expansion And ProductsPreferential IssuanceOrder Book PositionLarge Order ReceiptsJv Partnerships AcquisitionsRevenue Guidance Vs ActualsCredit Rating UpdatesRed Flags And Poor Performance

Peer Comparision

S.No.NameCurrent Price (Rs.)Price to EarningMarket Capitalization (Rs.Cr.)Dividend yield (%)Net Profit latest quarter (Rs.Cr.)YOY Quarterly profit growth (%)Sales latest quarter (Rs.Cr.)YOY Quarterly sales growth (%)Return on capital employed (%)Sales (Rs.Cr.)OPM (%)Profit after tax (Rs.Cr.)Profit after tax latest quarter (Rs.Cr.)Price to book valueReturn on assets (%)Debt to equity
1.Larsen & Toubro4157.0035.57571732.320.824678.0115.6367983.5310.4414.49270722.5112.6716074.883926.095.644.981.32
2.Rail Vikas357.4065.5674435.520.48230.52-19.735122.975.5214.7220026.004.701135.41230.297.806.400.52
3.NBCC116.0546.9131330.860.58156.6925.712910.2018.9933.1712751.715.04667.83153.5211.734.680.00
4.IRB Infra.Devl.42.3329.2125569.190.71140.8241.001751.0210.427.828024.6748.08875.41140.821.252.011.02
5.Kalpataru Proj.1173.7024.3119958.360.77237.3991.276528.5732.4315.9525498.998.25821.04240.052.882.360.69
6.KEC International717.0527.9519094.430.77160.7588.216091.5619.1317.9823335.947.26683.11160.753.382.750.94
7.Ircon Intl.177.4227.7716682.861.49136.51-32.681976.75-19.2311.609787.967.43600.65138.652.583.740.80
8.ISGEC Heavy866.0521.776374.230.5884.371.151243.130.2616.964789.867.57292.7984.372.504.920.24
–Median: 116 Co.132.9818.54526.960.09.2123.05149.5710.7318.3510.6712.7931.749.162.266.930.44

Quarterly Results

Standalone figures in ₹ crores

Dec 2022Dec 2023Dec 2024Jun 2023Jun 2024Jun 2025Mar 2023Mar 2024Mar 2025Sep 2022Sep 2023Sep 2024Sep 2025
Sales
1,0981,0671,1191,1311,2159841,4201,5501,4441,1411,1141,2401,243
Expenses
1,0249851,0291,0541,1139081,3141,4361,3401,0781,0201,1261,150
Operating Profit
7582907710376106114103629411493
Other Income
55928286166101961550
Profit before tax
536078781111128496895770109111
Tax %
26%26%25%18%21%23%26%27%29%19%24%24%24%
Net Profit
40445964888762716346538384
EPS in Rs
5.426.017.988.6712.0411.788.459.628.596.247.2111.3411.47

Profit & Loss

Standalone Figures in ₹ Crores / Yearly

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales
1,4393,2763,8703,0322,6004,1294,8944,3104,4444,6524,8615,0184,790
Expenses
1,3452,9963,5532,7592,4193,8604,5973,9574,2154,3354,4754,5924,428
Operating Profit
94280317272181268296352230317386427362
Other Income
234261937234183525344259129
Interest
19333134183333354353573030
Depreciation
28726464676674686563676770
Profit before tax
70218283268168203207285147234304388391
Net Profit
46143190189119128153218113178232294293
EPS in Rs
6.2919.4825.8425.6616.1917.4520.8229.6815.3424.2031.5139.9539.82
Dividend Payout %
11%10%8%12%10%37%10%10%13%12%13%13%–

Compounded Profit Growth

10 Years:8%
5 Years:14%
3 Years:37%
TTM:2%

Compounded Sales Growth

10 Years:4%
5 Years:1%
3 Years:4%
TTM:-6%

Return on Equity

10 Years:11%
5 Years:11%
3 Years:11%
Last Year:13%

Stock Price CAGR

10 Years:6%
5 Years:18%
3 Years:24%
1 Year:-40%

Balance Sheet

Standalone figures in ₹ crores

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital
7777777777777
Reserves
6417629501,1181,2151,3401,4631,6671,7761,9382,1472,4102,543
Borrowings
394272313110827535420944346345277612
Other Liabilities
1,5181,8072,1362,1292,0242,8402,6092,9042,6952,9453,6663,2753,367
Total Liabilities
2,5612,8483,4063,3643,3294,2624,4334,7874,9215,3545,8655,9696,529
Fixed Assets
414399460464455507519483475471456495490
Gross Block
728.83786.44906.33970.001,019.31764.35847.74876.71930.33982.541,027.941,120.09–
Accumulated Depreciation
314.78387.00446.20505.63563.83256.87329.13394.09455.72511.49572.36625.48–
CWIP
27101015291189817345688
Investments
267477693831509325251213288180168244202
Other Assets
1,8531,9622,2432,0532,3353,4183,6564,0834,1504,6865,2085,1755,750
Total Assets
2,5612,8483,4063,3643,3294,2624,4334,7874,9215,3545,8655,9696,529

Cash Flows

Standalone Figures in ₹ Crores / Yearly

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity
-27345201155-113-162-191151-13444519365
Cash from Investing Activity
41-207-285-1833101002336-10856-92-542
Cash from Financing Activity
43-1571-236-57-27219-208201-44-486181
Net Cash Flow
57-19-82-264140-9051-21-4156-595

Ratios

Standalone Figures in ₹ Crores / Yearly

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days
200103131129156159148200187219233219
Inventory Days
1847646971389367697588103104
Days Payable
328195204315303195160211166183167148
Cash Conversion Cycle
56-15-28-89-1057555896124169175
Working Capital Days
-35-21-23-173757498480909996
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
Promoters
62.43%62.43%62.43%62.43%62.43%62.43%62.43%62.43%62.43%62.43%62.43%62.43%
FIIs
2.81%2.45%2.77%3.48%3.53%3.51%3.83%3.91%4.20%3.47%3.53%3.48%
DIIs
7.14%7.80%8.17%8.33%8.73%8.81%8.82%11.26%11.57%11.11%10.63%10.39%
Public
27.60%27.30%26.61%25.75%25.30%25.23%24.91%22.40%21.81%23.00%23.39%23.67%

* The classifications might have changed from Sep'2022 onwards.ℹ️

BSE Announcements AI Summary

Direct from BSE filings, auto-summarised

ISGEC Heavy Engineering Signs MOU with Nigeria for Sugar Plant Development

16th April 2026, 11:10 pm

Isgec Heavy Engineering Ltd. Confirms SEBI Dematerialisation Compliance for Q4 FY26

11th April 2026, 12:23 am

ISGEC Heavy Engineering Gets Nod to Resume Full Operations at Muzaffarnagar Unit

10th April 2026, 11:53 pm

ISGEC Shareholders Approve Re-appointment of Managing Director and Three Other Directors

28th March 2026, 9:40 pm

ISGEC Shareholders Approve Re-appointment of Four Directors

28th March 2026, 9:15 pm

Published by Other Websites

External media mentions & references

India Nuclear Boom: Execution Risks Cloud Valuations

3rd March 2026, 6:17 am

Microcap Index Surges Amidst Divergent Q3 Earnings

10th February 2026, 12:06 pm

BSE Pre-Open Buzz: Top Gainers Surge, Sansera Engineering Leads on Strong Q3

10th February 2026, 9:21 am

ISGEC Heavy Engineering Q3 Profit Surges 77%, Revenue Climbs 16%

9th February 2026, 10:49 pm

Hidden Gems: Stocks Poised to Profit from India's Cement Boom WITHOUT Owning Cement!

26th December 2025, 6:48 am

News Articles

Editorial & research coverage

Microcap Index Surges Amidst Divergent Q3 Earnings
Microcap Index Surges Amidst Divergent Q3 Earnings

10th February 2026, 12:06 pm

Hidden Gems: Stocks Poised to Profit from India's Cement Boom WITHOUT Owning Cement!
Hidden Gems: Stocks Poised to Profit from India's Cement Boom WITHOUT Owning Cement!

26th December 2025, 6:48 am

Isgec Heavy Engineering Surges Q3 PAT 248% on Strong Orders, Approves ₹240Cr Capex
Isgec Heavy Engineering Surges Q3 PAT 248% on Strong Orders, Approves ₹240Cr Capex
ISGEC Q3 PAT Jumps 92.5% on Strong Income, Robust Order Book
ISGEC Q3 PAT Jumps 92.5% on Strong Income, Robust Order Book

Documents

Announcements

Intimation Regarding Imposition Of Penalty

2h - GST demand Rs15,95,700 and penalty Rs15,95,700; total impact Rs31,91,400; company to appeal

Intimation Regarding Imposition Of Penalty

1 Jan - Assistant Commissioner penalty Rs.1,71,116 dated Dec 31, 2025; company to file GST appeal.

Intimation Regarding Imposition Of Penalty

1 Jan - GST order: tax demand Rs.58,28,379 and penalty Rs.1,56,49,425 (total Rs.2,14,77,804); appeal to be filed.

Intimation Regarding Imposition Of Penalty

31 Dec - CGST Raipur imposed Rs12,93,512 tax demand and Rs1,29,351 penalty; company to appeal (Dec 31, 2025).

Intimation Regarding Imposition Of Penalty

31 Dec - GST authority imposed Rs.1,73,37,786 tax demand and Rs.7,33,779 penalty; company will appeal; received Dec 30, 2025.

Annual Reports

Financial Year 2025

(from bse)

Financial Year 2024

(from bse)

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

(from bse)

Financial Year 2012

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Financial Year 2011

(from bse)

Credit Ratings

Rating update

27 Mar 2025 from icra

Rating update

19 Dec 2023 from icra

Rating update

23 Nov 2023 from icra

Rating update

28 Nov 2022 from icra

Rating update

25 Aug 2022 from icra

Rating update

25 May 2021 from icra

Concalls

Nov 2025

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Stock Analysis

Description

  1. Company Name: Charms Industries Limited
  2. Registered Office: 108-B/109 Sampada Building, Mithakhali Six Roads, Opp-Hare Krishna Complex, B/H Kiran Motors, Ahmedabad-380009 Gujarat.

Corporate Announcements

16th Apr 26
Impact Rating: 7
ISGEC Heavy Engineering entered into an MOU with the National Sugar Development Council, Federal Republic of Nigeria, on April 16, 2026, for technical support in developing sugar plants in Nigeria.
10th Apr 26
Impact Rating: 6
Isgec Heavy Engineering Ltd. has provided a confirmation certificate to the BSE and NSE, detailing compliance with SEBI regulations for share dematerialisation for the quarter ending March 31, 2026.
10th Apr 26
Impact Rating: 8
ISGEC Heavy Engineering's Muzaffarnagar unit, contributing 3.5% of standalone revenue, is resuming full operations. Management anticipates no material adverse impact from the earlier closure directive.
28th Mar 26
Impact Rating: 7
All four resolutions proposed via postal ballot were approved by ISGEC Heavy Engineering shareholders, including the re-appointment of Mr. Aditya Puri as Managing Director and three other directorial roles for the next five years.
28th Mar 26
Impact Rating: 6
ISGEC Heavy Engineering announced postal ballot results with strong shareholder support for the re-appointment of Mr. Aditya Puri as Managing Director, Mr. Kishore Chatnani and Mr. Sanjay Gulati as Joint Managing Directors, and Mr. Arvind Sagar as Independent Director.