ISGEC Heavy Engineering Ltd
- P/E
- 25.3x
- 52-week range
- 683.95 – 1,113.9
- ROE
- 4%
- ROCE
- 11%
- Sector
- Construction
- Industry
- Civil Construction
- Listed on
- NSE, BSE
About
Isgec Heavy Engineering Limited is an India-based company, which is engaged in the business of manufacturing of machinery and equipment, industrial projects, sugar, and ethanol. Its manufacturing of machinery and equipment business includes manufacturing of process plant equipment, presses, castings, boiler tubes and panels, and containers. Its industrial projects business consists of projects and turnkey solutions for sugar plants, distilleries, power plants, boilers, air pollution control equipment, buildings and factories. Its sugar business manufactures and sells sugar and its by-products. Its ethanol business is engaged in the manufacturing of ethanol and its by-products at Sarswati Sugar Mills Ltd. Its ethanol plant at Philippines business consists of acquired business of Cavite Biofuels Producers Inc., which is comprising of ethanol plant at Philippines and plantation of sugarcane. Its process equipment products include reactor, columns and towers, and high-pressure vessels.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Civil Construction: 182 companies →ISGEC Heavy Engineering Ltd against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.
- Valuation (P/E)25.3 against a typical 14.4: pricier than most peers (1st = cheapest).127th of 181
- Sales growth+46% against a typical +8.6% from a year earlier.33rd of 147
- Profit growth+38.5% against a typical 0% from a year earlier.39th of 130
- Share price, 3 months+8.6% against a typical −12.9%.26th of 164
Latest announcements
Exchange filings and their impact on the company.
- 8 Oct 2026Giving guarantees/indemnity/ becoming a surety for third partyLow impactNeutralPrice −1% on 9 OctIsgec gave Rs 61 crore of comfort support to its Titan JV subsidiary with no immediate financial impact.
Isgec Heavy Engineering has issued letters of comfort totalling Rs 61 crore to banks of its joint venture and subsidiary, Isgec Titan Metal Fabricators Private Limited. This follows the board's May 27, 2026 approval for support of up to Rs 65.5 crore to help the subsidiary secure working capital limits. The support creates only a contingent liability with no immediate impact on Isgec's finances unless the subsidiary defaults.
Credit ratings
Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates
High safety
Rated AA by ICRA- No warnings from the agency.
| Agency | Current rating | Outlook | As of |
|---|---|---|---|
| ICRA | [ICRA]AA | Stable | 26 May 2026 |
| Rating | Details | |||||
|---|---|---|---|---|---|---|
| 26 May 2026 | Reaffirmed | [ICRA]AA | — | ICRA | ₹ 5,550 Cr. |
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 4 Nov 2026Upcoming | Financial Results | To consider and approve the financial results for the period ended September 30, 2026 |
| 11 Aug 2026 | Financial Results | To consider and approve the financial results for the period ended June 30, 2026 |
| 27 May 2026 | Financial Results/Dividend | To consider and approve the draft of Audited Financial Results of the Company for the quarter and financial year ended March 31, 2026 and the recommendation of Dividend, if any on equity shares for the financial year ended March 31, 2026 |
| 1 May 2026 | Other business matters | To consider other business matters |
| 9 Feb 2026 | Financial Results | To consider and approve the financial results for the quarter and nine months ended December 31, 2025 |
| 13 Nov 2025 | Financial Results | ISGEC : 13-Nov-2025 : The Company has informed the Exchange that a Board meeting to be held on November 12, 2025 has been re-scheduled. Further, the Company has informed the Exchange that the meeting of the Board of Directors of the Company will be held on November 13, 2025, To consider and approve the financial results for the period ended September 30, 2025 |
| 12 Nov 2025 | Financial Results | To consider and approve the financial results for the quarter and half year ended September 30, 2025 |
Financials
Consolidated figures in ₹ crore.
| ₹ Cr. | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,473 | 1,493 | 1,868 | 1,540 | 1,644 | 1,495 | 1,744 | 1,356 | 1,691 | 1,739 | 2,048 | 1,980 |
| Expenses | 1,340 | 1,369 | 1,730 | 1,415 | 1,517 | 1,364 | 1,592 | 1,232 | 1,544 | 1,545 | 1,892 | 1,856 |
| Operating Profit | 134 | 123 | 138 | 125 | 127 | 132 | 152 | 124 | 147 | 194 | 156 | 124 |
| OPM % | 9% | 8% | 7% | 8% | 8% | 9% | 9% | 9% | 9% | 11% | 8% | 6% |
| Other Income | 4 | 5 | 4 | 9 | 34 | −31 | 3 | 18 | −7 | −26 | 63 | 13 |
| Interest | 20 | 13 | 11 | 11 | 8 | 8 | 13 | 26 | 19 | 17 | 20 | 19 |
| Depreciation | 26 | 27 | 28 | 26 | 26 | 40 | 12 | 71 | 27 | 28 | 68 | 65 |
| Profit before tax | 91 | 89 | 102 | 96 | 128 | 52 | 130 | 45 | 94 | 123 | 131 | 53 |
| Tax % | 30% | 25% | 30% | 30% | 25% | 56% | 24% | 70% | 40% | 31% | 35% | 67% |
| Net Profit | 64 | 67 | 72 | 67 | 96 | 23 | 98 | 13 | 56 | 84 | 85 | 18 |
| EPS in Rs | 8.13 | 8.42 | 9.7 | 8.9 | 12.59 | 2.73 | 12.4 | 0.94 | 5.98 | 9.49 | 9.96 | 1.22 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- 4%
- 5 Years
- 5%
- 3 Years
- 2%
- TTM
- 20%
- 10 Years
- −4%
- 5 Years
- −14%
- 3 Years
- −16%
- TTM
- 13%
- 10 Years
- 5%
- 5 Years
- 3%
- 3 Years
- 3%
- TTM
- —
- 10 Years
- 9%
- 5 Years
- 8%
- 3 Years
- 8%
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Peers
Listed companies in the same business.
| ISGEC Heavy Engineering Ltd | ₹ 919.15 | — | 25.3x | — | 4% | — |
| DLF | ₹ 653.55 | ₹ 1,61,774 Cr. | 37.7x | 3.5x | 0% | 0% |
| Lodha Developers | ₹ 963.00 | ₹ 1,01,441 Cr. | 31.7x | 4.8x | 0% | 0% |
| Indus Towers | ₹ 380.00 | ₹ 1,00,250 Cr. | 14.9x | 2.6x | 0% | 0% |
| Oberoi Realty | ₹ 1,587.20 | ₹ 57,846 Cr. | 25.1x | 3.5x | 0% | 0% |
| Godrej Properties | ₹ 1,497.90 | ₹ 45,121 Cr. | 138x | 2.8x | 0% | 0% |
Management
- Kishore Chatnani
- Chief Financial Officer, Joint Managing Director, Whole Time Director
- Radhika Arora
- Chief Human Resources Officer
- Kalyan Ghosh
- Chief Legal Officer, Compliance Officer, Company Secretary
- Sanjay Gulati
- Joint Managing Director, Whole Time Director, Head - Manufacturing Units
- Aditya Puri
- Managing Director, Executive Director
Prices are delayed and for information only. Nothing on this page is investment advice.