ISGEC Heavy Engineering Ltd
ISGEC Heavy Engineering Ltd (ISGEC) last reported results for the quarter ended Jun 2026, with sales of ₹1,980 crore and net profit of ₹18 crore. The stock last traded at ₹901, a market capitalisation of ₹6,625 crore, on a P/E of 25.3. Over the past 52 weeks the stock has ranged between ₹683 and ₹1,124. Figures are as of 6 Oct 2026 and are not real time.
ISGEC Heavy Engineering Ltd share price and key metrics
- Current price
- ₹901
- Market cap
- ₹6,625 cr
- Stock P/E
- 25.3
- Book value
- ₹372
- ROE
- 4.18%
- ROCE
- 11.2%
- Dividend yield
- 0.66%
- 52w high / low
- 1124/683
Metrics as of 6 Oct 2026. Not real time.
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ISGEC Heavy Engineering Ltd growth and returns
- 10 Years
- 4%
- 5 Years
- 5%
- 3 Years
- 2%
- TTM
- 20%
- 10 Years
- -4%
- 5 Years
- -14%
- 3 Years
- -17%
- TTM
- 13%
- 10 Years
- 7%
- 5 Years
- 4%
- 3 Years
- 8%
- 1 Year
- 2%
- 10 Years
- 9%
- 5 Years
- 7%
- 3 Years
- 7%
- Last Year
- 4%
ISGEC Heavy Engineering Ltd quarterly results
In the quarter ended Jun 2026, sales were ₹1,980 cr, up 46.0% from ₹1,356 cr a year earlier. Net profit was ₹18 cr, up 38.5% year on year.
| ₹ crore | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 1,644 | 1,495 | 1,744 | 1,356 | 1,691 | 1,739 | 2,048 | 1,980 |
| Expenses | 1,517 | 1,364 | 1,592 | 1,232 | 1,544 | 1,545 | 1,892 | 1,856 |
| Operating profit | 127 | 132 | 152 | 124 | 147 | 194 | 156 | 124 |
| OPM % | 8% | 9% | 9% | 9% | 9% | 11% | 8% | 6% |
| Other income | 34 | -31 | 3 | 18 | -7 | -26 | 63 | 13 |
| Interest | 8 | 8 | 13 | 26 | 19 | 17 | 20 | 19 |
| Depreciation | 26 | 40 | 12 | 71 | 27 | 28 | 68 | 65 |
| Profit before tax | 128 | 52 | 130 | 45 | 94 | 123 | 131 | 53 |
| Tax % | 25% | 56% | 24% | 70% | 40% | 31% | 35% | 67% |
| Net profit | 96 | 23 | 98 | 13 | 56 | 84 | 85 | 18 |
| EPS (₹) | 12.59 | 2.73 | 12.40 | 0.94 | 5.98 | 9.49 | 9.96 | 1.22 |
Consolidated figures as reported by the company. Percentages are as published; totals may not sum exactly.
ISGEC Heavy Engineering Ltd annual results
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 3,916 | 3,790 | 5,050 | 5,882 | 5,426 | 5,499 | 6,399 | 6,218 | 6,425 | 6,789 | 7,458 |
| Operating profit | 407 | 309 | 289 | 345 | 469 | 335 | 473 | 548 | 548 | 583 | 620 |
| OPM % | 10% | 8% | 6% | 6% | 9% | 6% | 7% | 9% | 9% | 9% | 8% |
| Net profit | 248 | 168 | 144 | 149 | 253 | 115 | 206 | 255 | 204 | 154 | 243 |
| EPS (₹) | 32.94 | 21.40 | 19.42 | 19.65 | 33.71 | 14.80 | 26.72 | 33.14 | 25.79 | 14.81 | 26.65 |
TTM is the trailing twelve months to the most recent quarter.
ISGEC Heavy Engineering Ltd balance sheet
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity capital | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 |
| Reserves | 1,246 | 1,374 | 1,508 | 1,777 | 2,014 | 2,114 | 2,297 | 2,515 | 2,672 | 2,729 |
| Borrowings | 356 | 174 | 304 | 991 | 983 | 1,233 | 1,235 | 814 | 1,098 | 951 |
| Other liabilities | 2,504 | 2,271 | 3,303 | 3,166 | 3,441 | 3,387 | 3,513 | 4,470 | 4,172 | 4,352 |
| Total liabilities | 4,114 | 3,826 | 5,121 | 5,941 | 6,445 | 6,741 | 7,053 | 7,807 | 7,949 | 8,040 |
| Fixed assets | 623 | 629 | 749 | 833 | 803 | 977 | 947 | 956 | 1,914 | 1,790 |
| CWIP | 19 | 32 | 19 | 706 | 893 | 702 | 805 | 959 | 66 | 138 |
| Investments | 697 | 371 | 155 | 98 | 60 | 135 | 33 | 29 | 102 | 66 |
| Other assets | 2,775 | 2,794 | 4,199 | 4,303 | 4,689 | 4,928 | 5,267 | 5,863 | 5,866 | 6,046 |
| Total assets | 4,114 | 3,826 | 5,121 | 5,941 | 6,445 | 6,741 | 7,053 | 7,807 | 7,949 | 8,040 |
As reported by the company. Total assets equal total liabilities by construction.
ISGEC Heavy Engineering Ltd cash flow
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | 236 | 101 | -238 | 104 | 228 | -70 | 208 | 735 | 116 | 765 |
| Cash from investing | -141 | 276 | 73 | -328 | -164 | -159 | -43 | -274 | -274 | -193 |
| Cash from financing | -370 | -233 | 93 | 295 | -89 | 176 | -98 | -487 | 108 | -341 |
| Net cash flow | -275 | 144 | -71 | 71 | -25 | -53 | 67 | -26 | -49 | 231 |
| Free cash flow | 149 | 2 | -363 | -328 | -11 | -135 | 51 | 493 | -119 | 600 |
| CFO / operating profit | 85% | 60% | -51% | 51% | 67% | 1% | 59% | 154% | 39% | 161% |
Negative figures are outflows. CFO / operating profit is a ratio, not an amount.
ISGEC Heavy Engineering Ltd operating ratios
| Per year | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % | 23% | 17% | 15% | 11% | 14% | 8% | 11% | 13% | 11% | 11% |
| Debtor days | 106 | 109 | 137 | 111 | 144 | 143 | 161 | 172 | 161 | 148 |
| Inventory days | 183 | 143 | 142 | 125 | 129 | 153 | 110 | 140 | 146 | 163 |
| Days payable | 241 | 189 | 174 | 147 | 182 | 157 | 141 | 141 | 123 | 118 |
| Cash conversion cycle | 48 | 64 | 105 | 89 | 92 | 138 | 129 | 171 | 184 | 192 |
| Working capital days | 3 | 42 | 60 | 34 | 53 | 54 | 58 | 61 | 70 | 67 |
Ratios as computed by the source from the reported statements. Rows a company does not report are omitted.
ISGEC Heavy Engineering Ltd shareholding pattern
Promoters held 62.43% at Jun 2026, broadly unchanged since Jun 2025. FIIs 3.76% and DIIs 10.24%.
| % held | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters | 62.43% | 62.43% | 62.43% | 62.43% | 62.43% | 62.43% | 62.43% | 62.43% |
| FIIs | 3.91% | 4.20% | 3.47% | 3.53% | 3.48% | 3.60% | 3.85% | 3.76% |
| DIIs | 11.26% | 11.57% | 11.11% | 10.63% | 10.39% | 10.47% | 10.31% | 10.24% |
| Government | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% |
| Public | 22.40% | 21.81% | 23.00% | 23.39% | 23.67% | 23.50% | 23.40% | 23.55% |
| No. of shareholders | 30,009 | 28,925 | 32,763 | 37,060 | 38,449 | 39,402 | 38,998 | 38,896 |
As disclosed by the company to the exchanges. The last row is a count of shareholders, not a percentage.
ISGEC Heavy Engineering Ltd corporate filings
- Confirmation Certificate pursuant to Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018Company Updatelow impact
- ISGEC Heavy Engineering issues letter of comfort, no immediate financial impactCompany Updatelow impact
Cruxal's analysis: On October 8, 2026, ISGEC Heavy Engineering Ltd issued a letter of comfort. The…
Read the full analysis - ISGEC Heavy Engineering issues letter of comfort, no immediate financial impactCompany Updatelow impact
Cruxal's analysis: On October 8, 2026, ISGEC Heavy Engineering Ltd issued a letter of comfort. The…
Read the full analysis - Transcript of 93rd AGM released; no financial or operational updates providedCompany Updatelow impact
Cruxal's analysis: The company has published the transcript of its 93rd Annual General Meeting held on…
Read the full analysis - ISGEC Heavy Engineering publishes newspaper advertisement on October 5, 2026Company Updatelow impact
Cruxal's analysis: The company announced a newspaper publication/advertisement on October 5, 2026. No…
Read the full analysis - ISGEC Heavy Engineering Limited appoints Ms. Mahua Chakrabarty as Chief Human Resources Officer effective October 1, 2026Company Updatelow impact
Cruxal's analysis: ISGEC Heavy Engineering Limited has announced the appointment of Ms. Mahua Chakrabarty as…
Read the full analysis - ISGEC Heavy Engineering receives ESG rating from Crisil ESG Ratings and Analytics LimitedCompany Updatelow impact
Cruxal's analysis: On September 30, 2026, ISGEC Heavy Engineering Ltd, a small-cap company with a market cap…
Read the full analysis - Declaration of Voting Results along with Scrutinizer''s Report- 93rd Annual General Meeting held on September 28, 2026AGM/EGMmedium impact
- Isgec Heavy Engineering Ltd. Concludes 93rd Annual General Meeting; Dividend of INR 6 per share approvedAGM/EGMlow impact
Cruxal's analysis: Isgec Heavy Engineering Ltd. has successfully concluded its 93rd Annual General Meeting…
Read the full analysis - Intimation regarding closure of Trading Window for the quarter and half year ending September 30, 2026Insider Trading / SASTlow impact
- Isgec Heavy Engineering Ltd. announces resignation of Chief Human Resources OfficerCompany Updatelow impact
Cruxal's analysis: Isgec Heavy Engineering Ltd. has formally announced the resignation of Ms. Radhika Arora…
Read the full analysis - ISGEC Heavy Engineering schedules investor meeting for September 17, 2026Company Updatelow impact
Cruxal's analysis: ISGEC Heavy Engineering has issued an intimation regarding a scheduled investor meeting…
Read the full analysis - Isgec Heavy Engineering appoints Rajesh Goyal as Chief Supply Chain Officer for Project BusinessCompany Updatelow impact
Cruxal's analysis: Isgec Heavy Engineering Limited has announced the appointment of Mr. Rajesh Goyal as the…
Read the full analysis - ISGEC Heavy Engineering Ltd: Routine Newspaper Publication of Financial ResultsCompany Updatelow impact
Cruxal's analysis: ISGEC Heavy Engineering Ltd has fulfilled its regulatory obligation under Regulation 30…
Read the full analysis - ISGEC Heavy Engineering schedules investor meeting with Green Lantern Capital LLPCompany Updatelow impact
Cruxal's analysis: ISGEC Heavy Engineering has announced an investor meeting with Green Lantern Capital LLP…
Read the full analysis - ISGEC Heavy Engineering schedules investor meet with Sunidhi SecuritiesCompany Updatelow impact
Cruxal's analysis: ISGEC Heavy Engineering Ltd has announced an upcoming investor meeting with Sunidhi…
Read the full analysis - ISGEC Heavy Engineering Ltd files Business Responsibility and Sustainability Report (BRSR) for FY 2025-26Otherslow impact
Cruxal's analysis: ISGEC Heavy Engineering has submitted its Business Responsibility and Sustainability…
Read the full analysis - ISGEC Heavy Engineering Ltd releases Annual Report for FY 2025-26Otherslow impact
Cruxal's analysis: ISGEC Heavy Engineering Ltd has filed its Annual Report for the financial year 2025-26…
Read the full analysis - Isgec Heavy Engineering Announces 93rd AGM and Dividend of INR 6 per ShareAGM/EGMmedium impact
Cruxal's analysis: Isgec Heavy Engineering Limited has scheduled its 93rd Annual General Meeting for…
Read the full analysis - ISGEC Heavy Engineering issues mandatory KYC and nomination notice for physical shareholdersCompany Updatelow impact
Cruxal's analysis: ISGEC Heavy Engineering has issued a formal intimation regarding the mandatory…
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