Isgec Heavy Engineering Limited

NSE: ISGEC · Unclassified

₹959.90-1.45%06 Nov 2026

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Instant answers about Isgec Heavy Engineering Limited — computed from its filings, no language model

Market cap₹7,055 cr

Current price₹959.90

High / Low₹1,095 / ₹694

P/E33.9

P/B2.55

Book value₹376.7

ROE7.5%

ROCE14.6%

Debt / equity0.26

Dividend yield0.58%

EPS (TTM)₹28.35

Face value₹1

Price & valuation

split & bonus adjusted · pick a metric and range

Annual performance

annual · ₹ crore · line = operating margin

	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	5,426	5,499	6,399	6,219	6,422	6,789
EBITDA	455	311	455	498	579	555
Operating margin	8.4%	5.7%	7.1%	8.0%	9.0%	8.2%
Interest	50	65	73	64	39	85
Depreciation	101	101	104	106	102	278
Profit before tax	356	158	290	354	477	308
Tax	103	43	84	99	122	154
Net profit	248	109	196	244	249	109
EPS ₹	33.71	14.80	26.72	33.14	33.89	14.81
Operating cash flow	—	-70	200	735	109	750
Capex	—	66	145	245	241	168
Dividend paid	—	10	17	25	32	41
Total assets	—	—	7,075	7,835	8,041	8,077
Equity	—	—	2,304	2,523	2,739	2,737

Quarterly performance

last 23 quarters · ₹ crore

showing latest 8 of 23 periods

	MAR '21	JUN '21	SEP '21	DEC '21	MAR '22	JUN '22	SEP '22	DEC '22	MAR '23	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '25	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26	SEP '26
Revenue	1,618	1,128	1,376	1,396	1,596	1,247	1,513	1,597	2,043	1,386	1,473	1,493	1,868	1,540	1,644	1,497	1,744	1,341	1,691	1,739	2,048	1,980	1,850
Operating profit	122	48	46	107	107	72	91	128	164	104	134	123	138	125	139	118	152	120	147	194	156	124	147
Operating margin	7.5%	4.3%	3.4%	7.7%	6.7%	5.8%	6.0%	8.0%	8.0%	7.5%	9.1%	8.3%	7.4%	8.1%	8.5%	7.9%	8.7%	9.0%	8.7%	11.1%	7.6%	6.2%	8.0%
Other income	10	5	3	7	1	4	3	1	6	13	4	5	4	9	24	4	3	18	34	18	63	13	9
Interest	14	11	12	11	32	20	18	17	17	19	20	13	11	11	8	20	13	16	19	17	20	19	18
Depreciation	22	24	24	26	27	25	26	26	27	25	26	27	28	26	27	51	12	26	27	28	68	65	37
Profit before tax	96	18	14	78	48	30	49	85	126	72	91	89	102	97	127	52	130	96	136	150	131	53	102
Tax	27	5	4	26	9	12	21	19	33	20	27	22	30	29	32	29	32	32	38	38	46	35	36
Net profit	63	14	11	47	38	18	30	63	86	51	60	62	71	65	93	20	71	52	44	70	73	9	56
EPS ₹	8.63	1.85	1.43	6.40	5.12	2.42	4.02	8.56	11.71	6.89	8.13	8.42	9.70	8.90	12.59	2.73	9.67	7.11	5.98	9.49	9.96	1.22	7.67
Revenue YoY	—	—	—	—	-1.3%	10.5%	9.9%	14.4%	28.0%	11.2%	-2.6%	-6.5%	-8.6%	11.1%	11.6%	0.3%	-6.6%	-12.9%	2.9%	16.2%	17.4%	47.7%	9.4%
Profit YoY	—	—	—	—	-40.6%	30.8%	181.1%	33.9%	128.8%	184.1%	102.2%	-1.7%	-17.2%	29.2%	54.8%	-67.6%	-0.3%	-20.2%	-52.5%	247.7%	3.0%	-82.9%	28.4%

Earlier results (standalone, Sep '08 – Dec '20)

₹ crore · from BSE, before the NSE XBRL filings begin

Isgec Heavy Engineering Limited reports consolidated figures above. Quarterly consolidated results only became mandatory in India in 2019, so the earlier history available is the standalone company only (excluding subsidiaries). It is shown separately so the two bases are never mixed.

Full years

showing latest 8 of 11 periods

	FY10†	FY11†	FY12†	FY13†	FY14†	FY15†	FY16†	FY17†	FY18†	FY19†	FY20†
Revenue	1,735	1,932	2,669	2,604	2,732	3,277	3,879	3,111	2,615	4,129	4,894
Operating profit	137	123	134	135	166	266	300	267	170	247	278
Operating margin	7.9%	6.4%	5.0%	5.2%	6.1%	8.1%	7.7%	8.6%	6.5%	6.0%	5.7%
Other income	34	19	30	32	54	42	49	93	72	37	19
Interest	16	16	18	23	25	18	20	25	7	15	16
Depreciation	29	35	41	50	56	72	64	64	67	66	74
Profit before tax	126	92	105	94	139	218	265	272	168	203	207
Tax	39	28	33	29	45	75	91	80	49	75	54
Net profit	88	64	72	65	95	143	174	192	119	128	153

Quarters

showing latest 8 of 50 periods

	SEP '08†	DEC '08†	MAR '09†	JUN '09†	SEP '09†	DEC '09†	MAR '10†	JUN '10†	SEP '10†	DEC '10†	MAR '11†	JUN '11†	SEP '11†	DEC '11†	MAR '12†	JUN '12†	SEP '12†	DEC '12†	MAR '13†	JUN '13†	SEP '13†	DEC '13†	MAR '14†	JUN '14†	SEP '14†	DEC '14†	MAR '15†	JUN '15†	SEP '15†	DEC '15†	MAR '16†	JUN '16†	SEP '16†	DEC '16†	MAR '17†	JUN '17†	SEP '17†	DEC '17†	MAR '18†	JUN '18†	SEP '18†	DEC '18†	MAR '19†	JUN '19†	SEP '19†	DEC '19†	MAR '20†	JUN '20†	SEP '20†	DEC '20†
Revenue	568	302	456	430	514	350	441	431	531	436	534	571	817	633	647	602	782	591	630	562	730	556	884	703	875	789	911	661	1,080	1,013	1,125	669	763	744	935	494	639	663	819	714	1,006	1,053	1,356	1,007	1,254	1,332	1,301	765	1,040	1,184
Operating profit	67	15	32	26	44	35	32	29	32	26	36	40	37	31	26	10	65	30	30	27	51	34	53	49	76	69	72	55	84	76	84	62	66	72	67	25	43	54	48	57	52	71	69	67	71	82	58	60	90	93
Operating margin	11.8%	4.9%	7.1%	6.1%	8.6%	10.0%	7.2%	6.7%	6.0%	5.9%	6.7%	6.9%	4.6%	5.0%	4.0%	1.7%	8.3%	5.1%	4.8%	4.9%	7.0%	6.2%	6.0%	7.0%	8.7%	8.7%	7.9%	8.4%	7.8%	7.5%	7.5%	9.3%	8.7%	9.7%	7.1%	5.1%	6.7%	8.1%	5.8%	7.9%	5.1%	6.7%	5.1%	6.7%	5.7%	6.2%	4.5%	7.8%	8.6%	7.8%
Other income	0	1	2	3	9	2	21	3	7	5	5	4	10	7	9	15	6	5	7	14	17	12	11	12	9	10	12	12	11	15	11	21	25	19	29	18	37	8	9	7	12	11	7	4	8	4	2	2	11	2
Interest	14	5	9	5	4	3	3	3	4	4	4	4	4	5	6	7	6	5	6	6	6	6	7	6	3	4	4	6	5	5	5	7	7	4	7	2	2	2	2	1	3	7	4	3	2	4	7	5	5	3
Depreciation	8	7	7	8	7	7	7	8	9	9	9	10	10	10	11	12	12	12	14	14	14	14	14	16	19	18	18	16	16	15	16	15	16	16	17	16	16	16	19	15	16	17	18	18	18	18	19	18	17	17
Profit before tax	-6	4	19	17	41	27	42	21	26	18	27	29	33	24	18	7	52	18	17	22	47	26	44	38	62	57	61	45	74	71	74	60	69	71	72	25	63	44	36	47	44	58	53	51	58	64	35	39	78	75
Tax	2	2	7	6	15	9	9	7	9	4	8	9	11	8	5	0	18	6	6	7	13	9	15	13	21	19	22	16	26	25	24	18	25	24	14	8	17	14	10	16	16	21	22	18	12	15	9	10	18	19
Net profit	-8	2	12	11	26	18	33	14	17	13	19	20	22	16	13	7	34	12	12	14	34	17	29	25	41	37	39	29	48	47	50	42	44	47	58	17	46	29	27	31	29	37	31	33	46	49	26	29	60	55
EPS ₹	-2.73	1.72	15.89	13.92	36.67	24.03	43.76	18.11	26.45	17.26	25.17	27.23	30.42	21.90	17.96	9.51	45.66	16.61	16.00	19.59	46.07	23.58	39.20	34.27	56.10	50.97	53.39	39.80	65.40	63.49	67.93	57.77	59.88	63.69	79.26	23.01	62.56	40.04	36.20	42.09	39.17	50.74	4.25	4.46	6.24	6.62	3.50	3.95	8.18	7.52
Revenue YoY	—	—	—	—	-9.6%	15.9%	-3.3%	0.3%	3.3%	24.6%	21.2%	32.5%	53.9%	45.0%	21.2%	5.3%	-4.3%	-6.6%	-2.6%	-6.6%	-6.7%	-5.9%	40.3%	25.1%	19.9%	41.9%	3.0%	-6.0%	23.5%	28.4%	23.5%	1.2%	-29.3%	-26.6%	-16.9%	-26.1%	-16.3%	-10.9%	-12.4%	44.4%	57.3%	58.8%	65.7%	41.0%	24.6%	26.5%	-4.1%	-24.0%	-17.1%	-11.1%
Profit YoY	—	—	—	—	—	745.5%	170.4%	27.9%	-33.1%	-25.5%	-41.6%	44.3%	28.9%	20.3%	-30.5%	-65.3%	50.1%	-24.2%	-11.0%	106.0%	0.9%	42.0%	144.9%	74.5%	21.5%	115.7%	36.0%	16.2%	16.6%	24.5%	27.2%	45.1%	-8.4%	0.3%	16.7%	-60.2%	4.5%	-37.1%	-54.3%	82.9%	-37.4%	26.7%	17.4%	6.0%	59.2%	30.5%	-17.7%	-11.5%	31.2%	13.6%

Returns & margins

trailing-twelve-month, per quarter

showing latest 8 of 20 periods

	DEC '21	MAR '22	JUN '22	SEP '22	DEC '22	MAR '23	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '25	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26	SEP '26
ROE	—	—	—	6.1%	6.9%	8.5%	10.0%	10.8%	10.8%	9.7%	10.2%	11.0%	9.4%	9.1%	8.6%	6.7%	8.5%	8.7%	7.2%	7.5%
ROCE	—	—	—	8.6%	9.0%	10.4%	11.5%	13.5%	13.4%	12.6%	13.1%	13.7%	12.8%	12.8%	12.9%	13.0%	15.6%	16.0%	14.9%	14.6%
Net margin	2.4%	2.0%	2.0%	2.3%	2.5%	3.1%	3.5%	4.0%	4.0%	3.9%	4.1%	4.5%	3.8%	3.9%	3.8%	3.0%	3.6%	3.5%	2.6%	2.7%
EBITDA margin	5.9%	5.6%	5.9%	6.5%	6.7%	7.1%	7.4%	8.1%	8.2%	8.0%	8.1%	8.0%	7.9%	8.3%	8.5%	8.6%	9.4%	9.0%	8.3%	8.1%
Debt / equity	—	—	—	0.55	0.55	0.52	0.52	0.39	0.39	0.31	0.31	0.26	0.26	0.31	0.31	0.33	0.33	0.34	0.34	0.26
Interest coverage	5.32	3.43	3.30	3.55	3.44	4.97	5.59	6.01	6.38	6.56	7.80	10.51	8.52	8.70	8.00	7.03	8.79	8.08	7.23	6.90
Asset turnover	—	—	—	0.87	0.90	0.90	0.92	0.88	0.87	0.79	0.81	0.86	0.86	0.80	0.77	0.79	0.82	0.84	0.92	0.95

Balance sheet

equity vs borrowings over time · ₹ crore

showing latest 6 of 9 periods

	SEP '22	MAR '23	SEP '23	MAR '24	SEP '24	MAR '25	SEP '25	MAR '26	SEP '26
Share capital	7	7	7	7	7	7	7	7	7
Other equity / reserves	2,146	2,297	2,388	2,515	2,642	2,731	2,781	2,729	2,761
Total equity	2,153	2,304	2,395	2,523	2,649	2,739	2,788	2,737	2,768
Borrowings	1,178	1,200	933	787	693	843	911	918	732
Current liabilities	3,694	3,909	4,024	4,494	4,163	4,349	4,241	4,347	4,230
Non-current liabilities	706	774	871	723	680	522	740	842	892
Total assets	6,631	7,075	7,381	7,835	7,589	8,041	7,923	8,077	8,043
Property, plant & equipment	893	891	865	896	896	921	908	1,737	1,740
Capital work-in-progress	684	792	880	959	1,062	66	99	137	151
Investments	34	33	153	29	114	85	43	66	352
Inventories	1,309	1,164	1,211	1,410	1,283	1,477	1,354	1,653	1,500
Receivables	2,286	2,889	2,624	2,998	2,602	2,833	2,747	2,751	2,357
Cash & equivalents	162	168	192	143	124	92	98	324	137

Cash flow

annual · ₹ crore · line = free cash flow

	FY22	FY23	FY24	FY25	FY26
Cash from operations	-70	200	735	109	750
Cash from investing	-141	-51	-232	-297	-116
Cash from financing	176	-98	-487	108	-341
Capex	66	145	245	241	168
Free cash flow	-136	55	490	-132	582
Dividends paid	10	17	25	32	41

Where the assets sit

Sep '26 · ₹ crore

Fixed assets (PPE)

₹1,740 cr22%

CWIP

₹151 cr2%

Investments

₹352 cr4%

Inventories

₹1,500 cr19%

Receivables

₹2,357 cr29%

Cash & equivalents

₹137 cr2%

Other assets

₹1,806 cr22%

Peer comparison

largest in Unclassified · this company in bold

Company	Market cap ₹cr	Price	P/E	P/B	ROE
Avantel Limited	36,86,04,549	138.69	—	1059360.68	0.0%
Ducol Organics And Colours Limited	19,55,275	120.00	—	20089.13	0.0%
Jio Platforms Limited	12,57,181	1,406.40	—	3.57	—
SBI Funds Management Limited	1,01,750	499.55	—	—	—
Tamilnadu Telecommunication Limited	91,314	9.93	—	—	—
Manipal Health Enterprises Limited	76,294	646.70	—	—	—
INDO-MIM Limited	59,042	1,219.50	—	—	—
AvenuesAI Limited	45,138	129.25	153.6	9.51	6.2%
Dhoot Transmission Limited	32,761	1,601.60	—	8.11	—
3M India Limited	31,071	27,570.00	53.8	17.57	32.7%
Isgec Heavy Engineering Limited	7,055	959.90	33.9	2.55	7.5%

StoxGud checklist: Neutral setup · 6/10

Price above 50-day average
Price above 200-day average
50-day average above 200-day (uptrend)
RSI in healthy 40–70 zone
Positive 1-year return
Return on equity above 15%
Debt to equity below 1
Revenue growing year on year
Net profit margin above 10%
P/E below industry median

A rules-based screen of trend, momentum, quality and valuation. Educational only — not a buy or sell recommendation.

Returns & technicals

1 month+6.4%

6 months-10.8%

1 year+9.9%

3Y CAGR+9.6%

5Y CAGR+6.7%

10Y CAGR—

50-day avg₹861.50

200-day avg₹893.10

RSI (14)65

FAQs

What is the share price of Isgec Heavy Engineering Limited?

Isgec Heavy Engineering Limited (ISGEC) closed at ₹959.90 on NSE on 06 Nov 2026.

What is the market cap of Isgec Heavy Engineering Limited?

₹7,055 crore at the latest close.

What is the P/E ratio of Isgec Heavy Engineering Limited?

33.9, on trailing-twelve-month earnings from its filings.

How fast is Isgec Heavy Engineering Limited growing?

Isgec Heavy Engineering Limited: revenue has compounded at 2.0% a year over three years; net profit at -17.9% a year. Latest-quarter revenue is up 9.4% year on year, profit up 28.4%.

How profitable is Isgec Heavy Engineering Limited?

On a trailing-twelve-month basis return on equity is 7.5%, return on capital employed 14.6%, operating margin 8.1%, net margin 2.7%.

How much debt does Isgec Heavy Engineering Limited have?

Isgec Heavy Engineering Limited is lightly geared: debt to equity is 0.26 with borrowings of ₹732 cr against cash of ₹137 cr (balance sheet of 2026-09-30). Operating profit covers interest 6.9 times.

Financials parsed from Isgec Heavy Engineering Limited's own XBRL filings to NSE (consolidated), ₹ crore unless marked. Quarterly from MAR '21, annual from FY21, balance sheet from Sep '22. * = derived (full year or half year minus earlier quarters). Information only, not investment advice.