ISGEC Heavy Engineering Ltd.
•₹ 755.1-0.87%
2026-08-21
ABOUT
KEY POINTS
Revenue Breakup Mar 2025 • Engineering, Procurement and Construction: 53.9% • Manufacturing of Machinery & Equipment: 34.8% • Sugar: 8.1% • Ethanol: 3.2%
PROS
- Company has consistently been profitable over the last 5 years
- Strong cash generation - operating cash flow backs reported profits (CFO/PAT 1.25x)
- Company comfortably covers its interest (9.5x coverage)
- Company has a consistent dividend-paying track record
- Company generates healthy free cash flow
- Attractively priced for its growth - PEG of 0.6
CONS
- Recent results are weak - TTM profit is down 13.8% versus prior year
- Company has delivered a poor sales growth of 1.8% over past five years
- Though reporting repeated profits, the company pays out little dividend (14.8%)
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
EDIT COLUMNS| S.No. | Name | CMP Rs. | P/E | Mar Cap Rs.Cr. | Div Yld % | NP Qtr Rs.Cr. | Qtr Profit Var % | Sales Qtr Rs.Cr. | Qtr Sales Var % | ROCE % | OPM % |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | LT | 4030.10 | 33.42 | 554487.79 | 0.94 | 4988.03 | 15.51 | 67941.74 | 6.69 | 15.98 | 12.00 |
| 2. | RVNL | 223.10 | 51.71 | 46516.80 | 0.32 | 159.52 | 18.73 | 4321.23 | 10.55 | 10.81 | 4.41 |
| 3. | KPIL | 1377.05 | 20.69 | 23516.23 | 0.80 | 311.53 | 45.85 | 6407.97 | 3.84 | 18.95 | 8.77 |
| 4. | IRB | 18.97 | 24.01 | 22911.97 | 0.69 | 3062.70 | 1412.58 | 21372.72 | 918.25 | 24.76 | 53.93 |
| 5. | CEMPRO | 1263.50 | 36.08 | 21705.36 | 0.24 | 140.83 | 2.64 | 2720.92 | 7.02 | 33.53 | 10.09 |
| 6. | ENGINERSIN | 236.95 | 16.98 | 13317.59 | 2.11 | 157.94 | 141.49 | 819.84 | -5.80 | 25.84 | 20.61 |
| 7. | TECHNOE | 997.70 | 26.92 | 11603.21 | 0.70 | 93.33 | -31.44 | 630.34 | 19.84 | 16.54 | 15.79 |
| 8. | IRCON | 122.60 | 22.02 | 11530.72 | 1.55 | 92.03 | -43.92 | 1955.83 | 9.49 | 12.69 | 9.81 |
| 9. | KEC | 423.05 | 20.34 | 11261.59 | 1.30 | 72.62 | -41.72 | 5023.54 | 0.01 | 16.35 | 5.79 |
| 10. | AFCONS | 277.95 | 70.65 | 10222.57 | 0.72 | 303.00 | 120.52 | 26710.00 | 692.49 | 12.88 | 9.42 |
| 11. | WAAREERTL | 880.80 | 18.09 | 9193.72 | 0.00 | 118.98 | 37.72 | 924.25 | 53.23 | 81.92 | 18.77 |
| 12. | ISGEC | 756.55 | 28.40 | 5562.88 | 0.79 | 17.50 | -70.15 | 1980.00 | 47.65 | 15.49 | 6.24 |
Detailed Comparison with:
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1,386 | 1,473 | 1,493 | 1,867 | 1,539 | 1,644 | 1,495 | 1,745 | 1,341 | 1,691 | 1,739 | 2,048 | 1,980 | |
| 1,282 | 1,340 | 1,369 | 1,719 | 1,389 | 1,517 | 1,364 | 1,600 | 1,221 | 1,544 | 1,545 | 1,892 | 1,941 | |
| Operating Profit | — | — | — | — | — | — | — | — | — | — | — | — | — |
| OPM % | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Income | 13 | 4 | 5 | 4 | 9 | 24 | 4 | 3 | 18 | 34 | 18 | 63 | 13 |
| Interest | 19 | 20 | 13 | 11 | 9 | 8 | 8 | 26 | 16 | 19 | 17 | 20 | 19 |
| Depreciation | 25 | 26 | 27 | 27 | 25 | 26 | 40 | 71 | 26 | 27 | 28 | 68 | 65 |
| 72 | 91 | 89 | 114 | 125 | 117 | 87 | 50 | 96 | 136 | 150 | 131 | 53 | |
| Tax % | 27.31% | 29.85% | 24.94% | 26.23% | 23.43% | 27.29% | 33.18% | 63.28% | 33.21% | 27.91% | 25.42% | 35.02% | 66.92% |
| Net Profit | 0 | 0 | 0 | 0 | 67 | 96 | 231 | 780 | 59 | 563 | 84 | 85 | 18 |
| 7 | 8 | 8 | 10 | 9 | 11 | 8 | 2 | 7 | 12 | 13 | 10 | 0 | |
| Equity Capital | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Equity Capital | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Jun 2023
- 1,386
- 1,282
- Operating Profit
- —
- OPM %
- —
- Other Income
- 13
- Interest
- 19
- Depreciation
- 25
- 72
- Tax %
- 27.31%
- Net Profit
- 0
- 7
- Equity Capital
- 7
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 7
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2023
- 1,473
- 1,340
- Operating Profit
- —
- OPM %
- —
- Other Income
- 4
- Interest
- 20
- Depreciation
- 26
- 91
- Tax %
- 29.85%
- Net Profit
- 0
- 8
- Equity Capital
- 7
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 7
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2023
- 1,493
- 1,369
- Operating Profit
- —
- OPM %
- —
- Other Income
- 5
- Interest
- 13
- Depreciation
- 27
- 89
- Tax %
- 24.94%
- Net Profit
- 0
- 8
- Equity Capital
- 7
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 7
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2024
- 1,867
- 1,719
- Operating Profit
- —
- OPM %
- —
- Other Income
- 4
- Interest
- 11
- Depreciation
- 27
- 114
- Tax %
- 26.23%
- Net Profit
- 0
- 10
- Equity Capital
- 7
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 7
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2024
- 1,539
- 1,389
- Operating Profit
- —
- OPM %
- —
- Other Income
- 9
- Interest
- 9
- Depreciation
- 25
- 125
- Tax %
- 23.43%
- Net Profit
- 67
- 9
- Equity Capital
- 7
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 7
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2024
- 1,644
- 1,517
- Operating Profit
- —
- OPM %
- —
- Other Income
- 24
- Interest
- 8
- Depreciation
- 26
- 117
- Tax %
- 27.29%
- Net Profit
- 96
- 11
- Equity Capital
- 7
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 7
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2024
- 1,495
- 1,364
- Operating Profit
- —
- OPM %
- —
- Other Income
- 4
- Interest
- 8
- Depreciation
- 40
- 87
- Tax %
- 33.18%
- Net Profit
- 231
- 8
- Equity Capital
- 7
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 7
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2025
- 1,745
- 1,600
- Operating Profit
- —
- OPM %
- —
- Other Income
- 3
- Interest
- 26
- Depreciation
- 71
- 50
- Tax %
- 63.28%
- Net Profit
- 780
- 2
- Equity Capital
- 7
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 7
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2025
- 1,341
- 1,221
- Operating Profit
- —
- OPM %
- —
- Other Income
- 18
- Interest
- 16
- Depreciation
- 26
- 96
- Tax %
- 33.21%
- Net Profit
- 59
- 7
- Equity Capital
- 7
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 7
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2025
- 1,691
- 1,544
- Operating Profit
- —
- OPM %
- —
- Other Income
- 34
- Interest
- 19
- Depreciation
- 27
- 136
- Tax %
- 27.91%
- Net Profit
- 563
- 12
- Equity Capital
- 7
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 7
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2025
- 1,739
- 1,545
- Operating Profit
- —
- OPM %
- —
- Other Income
- 18
- Interest
- 17
- Depreciation
- 28
- 150
- Tax %
- 25.42%
- Net Profit
- 84
- 13
- Equity Capital
- 7
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 7
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2026
- 2,048
- 1,892
- Operating Profit
- —
- OPM %
- —
- Other Income
- 63
- Interest
- 20
- Depreciation
- 68
- 131
- Tax %
- 35.02%
- Net Profit
- 85
- 10
- Equity Capital
- 7
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 7
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2026
- 1,980
- 1,941
- Operating Profit
- —
- OPM %
- —
- Other Income
- 13
- Interest
- 19
- Depreciation
- 65
- 53
- Tax %
- 66.92%
- Net Profit
- 18
- 0
- Equity Capital
- 7
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 7
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 4,510 | 3,917 | 3,791 | 5,051 | 5,882 | 5,426 | 5,499 | 6,399 | 6,218 | 6,422 | 7,458 | |
| 4,164 | 3,510 | 3,482 | 4,765 | 5,538 | 4,957 | 5,165 | 5,927 | 5,672 | 5,826 | 6,922 | |
| Operating Profit | 426 | 500 | 366 | 354 | 376 | 521 | 347 | 485 | 569 | 636 | — |
| OPM % | 9 | 13 | 10 | 7 | 6 | 10 | 6 | 8 | 9 | 10 | — |
| Other Income | 80 | 94 | 57 | 69 | 32 | 52 | 13 | 13 | 22 | 39 | 128 |
| Interest | 66 | 58 | 34 | 45 | 61 | 64 | 88 | 91 | 84 | 56 | 75 |
| Depreciation | 76 | 75 | 81 | 82 | 101 | 101 | 101 | 104 | 101 | 102 | 187 |
| 284 | 367 | 251 | 227 | 214 | 356 | 158 | 290 | 383 | 477 | 470 | |
| Tax % | 33 | 32 | 33 | 37 | 30 | 29 | 27 | 29 | 26 | 25 | 33 |
| Net Profit | 190 | 248 | 168 | 144 | 149 | 253 | 115 | 206 | 284 | 356 | 313 |
| EPS | 251 | 329 | 21 | 19 | 20 | 34 | 15 | 27 | 33 | 34 | — |
| Dividend Payout % | 8 | 9 | 7 | 10 | 10 | 9 | 14 | 11 | 12 | 15 | — |
| Minority Interest | -6 | -6 | -11 | -1 | -5 | -5 | -6 | -9 | -11 | -15 | 9 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 25 | 33 | 21 | 19 | 20 | 34 | 15 | 27 | 33 | 34 | — |
| Minority Interest | -6 | -6 | -11 | -1 | -5 | -5 | -6 | -9 | -11 | -15 | 9 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 25 | 33 | 21 | 19 | 20 | 34 | 15 | 27 | 33 | 34 | — |
Mar 2016
- 4,510
- 4,164
- Operating Profit
- 426
- OPM %
- 9
- Other Income
- 80
- Interest
- 66
- Depreciation
- 76
- 284
- Tax %
- 33
- Net Profit
- 190
- EPS
- 251
- Dividend Payout %
- 8
- Minority Interest
- -6
- Share of Associates
- 0
- Adjusted EPS
- 25
- Minority Interest
- -6
- Share of Associates
- 0
- Adjusted EPS
- 25
Mar 2017
- 3,917
- 3,510
- Operating Profit
- 500
- OPM %
- 13
- Other Income
- 94
- Interest
- 58
- Depreciation
- 75
- 367
- Tax %
- 32
- Net Profit
- 248
- EPS
- 329
- Dividend Payout %
- 9
- Minority Interest
- -6
- Share of Associates
- 0
- Adjusted EPS
- 33
- Minority Interest
- -6
- Share of Associates
- 0
- Adjusted EPS
- 33
Mar 2018
- 3,791
- 3,482
- Operating Profit
- 366
- OPM %
- 10
- Other Income
- 57
- Interest
- 34
- Depreciation
- 81
- 251
- Tax %
- 33
- Net Profit
- 168
- EPS
- 21
- Dividend Payout %
- 7
- Minority Interest
- -11
- Share of Associates
- 0
- Adjusted EPS
- 21
- Minority Interest
- -11
- Share of Associates
- 0
- Adjusted EPS
- 21
Mar 2019
- 5,051
- 4,765
- Operating Profit
- 354
- OPM %
- 7
- Other Income
- 69
- Interest
- 45
- Depreciation
- 82
- 227
- Tax %
- 37
- Net Profit
- 144
- EPS
- 19
- Dividend Payout %
- 10
- Minority Interest
- -1
- Share of Associates
- 0
- Adjusted EPS
- 19
- Minority Interest
- -1
- Share of Associates
- 0
- Adjusted EPS
- 19
Mar 2020
- 5,882
- 5,538
- Operating Profit
- 376
- OPM %
- 6
- Other Income
- 32
- Interest
- 61
- Depreciation
- 101
- 214
- Tax %
- 30
- Net Profit
- 149
- EPS
- 20
- Dividend Payout %
- 10
- Minority Interest
- -5
- Share of Associates
- 0
- Adjusted EPS
- 20
- Minority Interest
- -5
- Share of Associates
- 0
- Adjusted EPS
- 20
Mar 2021
- 5,426
- 4,957
- Operating Profit
- 521
- OPM %
- 10
- Other Income
- 52
- Interest
- 64
- Depreciation
- 101
- 356
- Tax %
- 29
- Net Profit
- 253
- EPS
- 34
- Dividend Payout %
- 9
- Minority Interest
- -5
- Share of Associates
- 0
- Adjusted EPS
- 34
- Minority Interest
- -5
- Share of Associates
- 0
- Adjusted EPS
- 34
Mar 2022
- 5,499
- 5,165
- Operating Profit
- 347
- OPM %
- 6
- Other Income
- 13
- Interest
- 88
- Depreciation
- 101
- 158
- Tax %
- 27
- Net Profit
- 115
- EPS
- 15
- Dividend Payout %
- 14
- Minority Interest
- -6
- Share of Associates
- 0
- Adjusted EPS
- 15
- Minority Interest
- -6
- Share of Associates
- 0
- Adjusted EPS
- 15
Mar 2023
- 6,399
- 5,927
- Operating Profit
- 485
- OPM %
- 8
- Other Income
- 13
- Interest
- 91
- Depreciation
- 104
- 290
- Tax %
- 29
- Net Profit
- 206
- EPS
- 27
- Dividend Payout %
- 11
- Minority Interest
- -9
- Share of Associates
- 0
- Adjusted EPS
- 27
- Minority Interest
- -9
- Share of Associates
- 0
- Adjusted EPS
- 27
Mar 2024
- 6,218
- 5,672
- Operating Profit
- 569
- OPM %
- 9
- Other Income
- 22
- Interest
- 84
- Depreciation
- 101
- 383
- Tax %
- 26
- Net Profit
- 284
- EPS
- 33
- Dividend Payout %
- 12
- Minority Interest
- -11
- Share of Associates
- 0
- Adjusted EPS
- 33
- Minority Interest
- -11
- Share of Associates
- 0
- Adjusted EPS
- 33
Mar 2025
- 6,422
- 5,826
- Operating Profit
- 636
- OPM %
- 10
- Other Income
- 39
- Interest
- 56
- Depreciation
- 102
- 477
- Tax %
- 25
- Net Profit
- 356
- EPS
- 34
- Dividend Payout %
- 15
- Minority Interest
- -15
- Share of Associates
- 0
- Adjusted EPS
- 34
- Minority Interest
- -15
- Share of Associates
- 0
- Adjusted EPS
- 34
TTM
- 7,458
- 6,922
- Operating Profit
- —
- OPM %
- —
- Other Income
- 128
- Interest
- 75
- Depreciation
- 187
- 470
- Tax %
- 33
- Net Profit
- 313
- EPS
- —
- Dividend Payout %
- —
- Minority Interest
- 9
- Share of Associates
- 0
- Adjusted EPS
- —
- Minority Interest
- 9
- Share of Associates
- 0
- Adjusted EPS
- —
COMPOUNDED SALES GROWTH
- 10 Years:
- 5%
- 5 Years:
- 2%
- 3 Years:
- 5%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- 8%
- 5 Years:
- 12%
- 3 Years:
- 32%
STOCK PRICE CAGR
- 10 Years:
- 86%
- 5 Years:
- 3%
- 3 Years:
- 2%
- 1 Year:
- -27%
RETURN ON EQUITY
- 10 Years:
- 13%
- 5 Years:
- 11%
- 3 Years:
- 12%
- Last Year:
- 14%
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| LIABILITIES | - | - | - | - | - | - | - | - | - | - |
| Equity Capital | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 |
| 1,021 | 1,246 | 1,374 | 1,508 | 1,777 | 2,014 | 2,114 | 2,297 | 2,515 | 2,731 | |
| 573 | 319 | 174 | 248 | 573 | 486 | 740 | 768 | 270 | 564 | |
| Trade Payables | 1,424 | 1,417 | 1,110 | 1,482 | 1,409 | 1,622 | 1,445 | 1,497 | 1,423 | 1,249 |
| 1,182 | 1,232 | 1,275 | 2,018 | 2,314 | 2,390 | 2,482 | 2,590 | 3,770 | 3,548 | |
| Total Liabilities | 4,208 | 4,221 | 3,940 | 5,263 | 6,080 | 6,520 | 6,788 | 7,159 | 7,985 | 8,101 |
| ASSETS | - | - | - | - | - | - | - | - | - | - |
| 615 | 623 | 629 | 749 | 833 | 803 | 977 | 947 | 956 | 973 | |
| Capital Work in Progress | 10 | 18 | 32 | 19 | 706 | 893 | 702 | 792 | 959 | 66 |
| 554 | 697 | 371 | 155 | 98 | 60 | 135 | 33 | 29 | 85 | |
| 895 | 1,076 | 840 | 1,209 | 1,196 | 1,153 | 1,403 | 1,164 | 1,410 | 1,477 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2,929 | 2,833 | |
| Cash & Bank | 310 | 142 | 240 | 140 | 214 | 179 | 136 | 211 | 192 | 146 |
| 1,822 | 1,666 | 1,828 | 2,991 | 3,032 | 3,431 | 3,435 | 4,012 | 1,511 | 2,520 | |
| Total Assets | 4,208 | 4,221 | 3,940 | 5,263 | 6,080 | 6,520 | 6,788 | 7,159 | 7,985 | 8,101 |
| Total Debt | 661 | 356 | 174 | 304 | 959 | 950 | 1,205 | 1,200 | 787 | 843 |
| Net Working Capital | 778 | 868 | 1,039 | 1,124 | 840 | 1,015 | 1,074 | 1,253 | 1,241 | 1,522 |
| Contingent Liabilities | 357 | 397 | 745 | 802 | 451 | 448 | 442 | 382 | 528 | 705 |
| Book Value per Share | 1399.22 | 1704.96 | 1878.35 | 206.07 | 242.71 | 274.93 | 288.45 | 313.39 | 343.07 | 372.48 |
| Face Value | 10.00 | 10.00 | 10.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| Total Debt | 661 | 356 | 174 | 304 | 959 | 950 | 1,205 | 1,200 | 787 | 843 |
| Net Working Capital | 778 | 868 | 1,039 | 1,124 | 840 | 1,015 | 1,074 | 1,253 | 1,241 | 1,522 |
| Contingent Liabilities | 357 | 397 | 745 | 802 | 451 | 448 | 442 | 382 | 528 | 705 |
| Book Value per Share | 1399.22 | 1704.96 | 1878.35 | 206.07 | 242.71 | 274.93 | 288.45 | 313.39 | 343.07 | 372.48 |
| Face Value | 10.00 | 10.00 | 10.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
Mar 2016
- Equity Capital
- 7
- 1,021
- 573
- Trade Payables
- 1,424
- 1,182
- Total Liabilities
- 4,208
- 615
- Capital Work in Progress
- 10
- 554
- 895
- 0
- Cash & Bank
- 310
- 1,822
- Total Assets
- 4,208
- Total Debt
- 661
- Net Working Capital
- 778
- Contingent Liabilities
- 357
- Book Value per Share
- 1399.22
- Face Value
- 10.00
- Total Debt
- 661
- Net Working Capital
- 778
- Contingent Liabilities
- 357
- Book Value per Share
- 1399.22
- Face Value
- 10.00
Mar 2017
- Equity Capital
- 7
- 1,246
- 319
- Trade Payables
- 1,417
- 1,232
- Total Liabilities
- 4,221
- 623
- Capital Work in Progress
- 18
- 697
- 1,076
- 0
- Cash & Bank
- 142
- 1,666
- Total Assets
- 4,221
- Total Debt
- 356
- Net Working Capital
- 868
- Contingent Liabilities
- 397
- Book Value per Share
- 1704.96
- Face Value
- 10.00
- Total Debt
- 356
- Net Working Capital
- 868
- Contingent Liabilities
- 397
- Book Value per Share
- 1704.96
- Face Value
- 10.00
Mar 2018
- Equity Capital
- 7
- 1,374
- 174
- Trade Payables
- 1,110
- 1,275
- Total Liabilities
- 3,940
- 629
- Capital Work in Progress
- 32
- 371
- 840
- 0
- Cash & Bank
- 240
- 1,828
- Total Assets
- 3,940
- Total Debt
- 174
- Net Working Capital
- 1,039
- Contingent Liabilities
- 745
- Book Value per Share
- 1878.35
- Face Value
- 10.00
- Total Debt
- 174
- Net Working Capital
- 1,039
- Contingent Liabilities
- 745
- Book Value per Share
- 1878.35
- Face Value
- 10.00
Mar 2019
- Equity Capital
- 7
- 1,508
- 248
- Trade Payables
- 1,482
- 2,018
- Total Liabilities
- 5,263
- 749
- Capital Work in Progress
- 19
- 155
- 1,209
- 0
- Cash & Bank
- 140
- 2,991
- Total Assets
- 5,263
- Total Debt
- 304
- Net Working Capital
- 1,124
- Contingent Liabilities
- 802
- Book Value per Share
- 206.07
- Face Value
- 1.00
- Total Debt
- 304
- Net Working Capital
- 1,124
- Contingent Liabilities
- 802
- Book Value per Share
- 206.07
- Face Value
- 1.00
Mar 2020
- Equity Capital
- 7
- 1,777
- 573
- Trade Payables
- 1,409
- 2,314
- Total Liabilities
- 6,080
- 833
- Capital Work in Progress
- 706
- 98
- 1,196
- 0
- Cash & Bank
- 214
- 3,032
- Total Assets
- 6,080
- Total Debt
- 959
- Net Working Capital
- 840
- Contingent Liabilities
- 451
- Book Value per Share
- 242.71
- Face Value
- 1.00
- Total Debt
- 959
- Net Working Capital
- 840
- Contingent Liabilities
- 451
- Book Value per Share
- 242.71
- Face Value
- 1.00
Mar 2021
- Equity Capital
- 7
- 2,014
- 486
- Trade Payables
- 1,622
- 2,390
- Total Liabilities
- 6,520
- 803
- Capital Work in Progress
- 893
- 60
- 1,153
- 0
- Cash & Bank
- 179
- 3,431
- Total Assets
- 6,520
- Total Debt
- 950
- Net Working Capital
- 1,015
- Contingent Liabilities
- 448
- Book Value per Share
- 274.93
- Face Value
- 1.00
- Total Debt
- 950
- Net Working Capital
- 1,015
- Contingent Liabilities
- 448
- Book Value per Share
- 274.93
- Face Value
- 1.00
Mar 2022
- Equity Capital
- 7
- 2,114
- 740
- Trade Payables
- 1,445
- 2,482
- Total Liabilities
- 6,788
- 977
- Capital Work in Progress
- 702
- 135
- 1,403
- 0
- Cash & Bank
- 136
- 3,435
- Total Assets
- 6,788
- Total Debt
- 1,205
- Net Working Capital
- 1,074
- Contingent Liabilities
- 442
- Book Value per Share
- 288.45
- Face Value
- 1.00
- Total Debt
- 1,205
- Net Working Capital
- 1,074
- Contingent Liabilities
- 442
- Book Value per Share
- 288.45
- Face Value
- 1.00
Mar 2023
- Equity Capital
- 7
- 2,297
- 768
- Trade Payables
- 1,497
- 2,590
- Total Liabilities
- 7,159
- 947
- Capital Work in Progress
- 792
- 33
- 1,164
- 0
- Cash & Bank
- 211
- 4,012
- Total Assets
- 7,159
- Total Debt
- 1,200
- Net Working Capital
- 1,253
- Contingent Liabilities
- 382
- Book Value per Share
- 313.39
- Face Value
- 1.00
- Total Debt
- 1,200
- Net Working Capital
- 1,253
- Contingent Liabilities
- 382
- Book Value per Share
- 313.39
- Face Value
- 1.00
Mar 2024
- Equity Capital
- 7
- 2,515
- 270
- Trade Payables
- 1,423
- 3,770
- Total Liabilities
- 7,985
- 956
- Capital Work in Progress
- 959
- 29
- 1,410
- 2,929
- Cash & Bank
- 192
- 1,511
- Total Assets
- 7,985
- Total Debt
- 787
- Net Working Capital
- 1,241
- Contingent Liabilities
- 528
- Book Value per Share
- 343.07
- Face Value
- 1.00
- Total Debt
- 787
- Net Working Capital
- 1,241
- Contingent Liabilities
- 528
- Book Value per Share
- 343.07
- Face Value
- 1.00
Mar 2025
- Equity Capital
- 7
- 2,731
- 564
- Trade Payables
- 1,249
- 3,548
- Total Liabilities
- 8,101
- 973
- Capital Work in Progress
- 66
- 85
- 1,477
- 2,833
- Cash & Bank
- 146
- 2,520
- Total Assets
- 8,101
- Total Debt
- 843
- Net Working Capital
- 1,522
- Contingent Liabilities
- 705
- Book Value per Share
- 372.48
- Face Value
- 1.00
- Total Debt
- 843
- Net Working Capital
- 1,522
- Contingent Liabilities
- 705
- Book Value per Share
- 372.48
- Face Value
- 1.00
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 123 | 236 | 101 | -238 | 104 | 228 | -70 | 208 | 735 | 116 | |
| Cash from Investing | -261 | -141 | 276 | 70 | -347 | -186 | -141 | -58 | -232 | -304 |
| Cash from Financing | 66 | -370 | -233 | 93 | 295 | -89 | 176 | -98 | -487 | 108 |
| -72 | -275 | 144 | -74 | 52 | -47 | -36 | 51 | 16 | -80 | |
| Free Cash Flow | -1 | 153 | 29 | -238 | -766 | -27 | -154 | 48 | 467 | 116 |
| OCF / Net Profit | 0.64 | 0.95 | 0.60 | -1.65 | 0.69 | 0.90 | -0.61 | 1.01 | 2.59 | 0.33 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | -823 | -849 | -1,155 | -1,137 | -432 | 450 |
| OCF / Net Profit | 0.64 | 0.95 | 0.60 | -1.65 | 0.69 | 0.90 | -0.61 | 1.01 | 2.59 | 0.33 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | -823 | -849 | -1,155 | -1,137 | -432 | 450 |
Mar 2016
- 123
- Cash from Investing
- -261
- Cash from Financing
- 66
- -72
- Free Cash Flow
- -1
- OCF / Net Profit
- 0.64
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 0.64
- Cumulative 5-Year FCF
- 0
Mar 2017
- 236
- Cash from Investing
- -141
- Cash from Financing
- -370
- -275
- Free Cash Flow
- 153
- OCF / Net Profit
- 0.95
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 0.95
- Cumulative 5-Year FCF
- 0
Mar 2018
- 101
- Cash from Investing
- 276
- Cash from Financing
- -233
- 144
- Free Cash Flow
- 29
- OCF / Net Profit
- 0.60
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 0.60
- Cumulative 5-Year FCF
- 0
Mar 2019
- -238
- Cash from Investing
- 70
- Cash from Financing
- 93
- -74
- Free Cash Flow
- -238
- OCF / Net Profit
- -1.65
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -1.65
- Cumulative 5-Year FCF
- 0
Mar 2020
- 104
- Cash from Investing
- -347
- Cash from Financing
- 295
- 52
- Free Cash Flow
- -766
- OCF / Net Profit
- 0.69
- Cumulative 5-Year FCF
- -823
- OCF / Net Profit
- 0.69
- Cumulative 5-Year FCF
- -823
Mar 2021
- 228
- Cash from Investing
- -186
- Cash from Financing
- -89
- -47
- Free Cash Flow
- -27
- OCF / Net Profit
- 0.90
- Cumulative 5-Year FCF
- -849
- OCF / Net Profit
- 0.90
- Cumulative 5-Year FCF
- -849
Mar 2022
- -70
- Cash from Investing
- -141
- Cash from Financing
- 176
- -36
- Free Cash Flow
- -154
- OCF / Net Profit
- -0.61
- Cumulative 5-Year FCF
- -1,155
- OCF / Net Profit
- -0.61
- Cumulative 5-Year FCF
- -1,155
Mar 2023
- 208
- Cash from Investing
- -58
- Cash from Financing
- -98
- 51
- Free Cash Flow
- 48
- OCF / Net Profit
- 1.01
- Cumulative 5-Year FCF
- -1,137
- OCF / Net Profit
- 1.01
- Cumulative 5-Year FCF
- -1,137
Mar 2024
- 735
- Cash from Investing
- -232
- Cash from Financing
- -487
- 16
- Free Cash Flow
- 467
- OCF / Net Profit
- 2.59
- Cumulative 5-Year FCF
- -432
- OCF / Net Profit
- 2.59
- Cumulative 5-Year FCF
- -432
Mar 2025
- 116
- Cash from Investing
- -304
- Cash from Financing
- 108
- -80
- Free Cash Flow
- 116
- OCF / Net Profit
- 0.33
- Cumulative 5-Year FCF
- 450
- OCF / Net Profit
- 0.33
- Cumulative 5-Year FCF
- 450
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| PER SHARE | - | - | - | - | - | - | - | - | - | - |
| EPS (₹) | 251.25 | 329.25 | 213.90 | 19.42 | 19.65 | 33.71 | 14.80 | 26.72 | 33.14 | 33.89 |
| Book Value (₹) | 1399.22 | 1704.96 | 1878.35 | 206.07 | 242.71 | 274.93 | 288.45 | 313.39 | 343.07 | 372.48 |
| Dividend per Share (₹) | 20.00 | 30.00 | 16.00 | 2.00 | 2.00 | 3.00 | 2.00 | 3.00 | 4.00 | 5.00 |
| Cash EPS (₹) | 36.20 | 44.01 | 33.89 | 30.80 | 34.04 | 48.14 | 29.42 | 42.14 | 52.47 | 62.25 |
| PROFITABILITY | - | - | - | - | - | - | - | - | - | - |
| Operating Margin % | 9.19% | 12.33% | 9.56% | 7.01% | 6.40% | 9.60% | 6.31% | 7.58% | 8.79% | 9.29% |
| Net Margin % | 4.11% | 6.12% | 4.40% | 2.85% | 2.54% | 4.66% | 2.09% | 3.21% | 4.57% | 5.54% |
| ROE % | 20.33% | 21.76% | 12.78% | 9.94% | 9.04% | 13.30% | 5.55% | 9.29% | 11.78% | 13.52% |
| ROCE % | 22.88% | 25.76% | 18.01% | 16.11% | 12.07% | 14.70% | 7.81% | 11.15% | 13.71% | 15.49% |
| 4.91% | 5.89% | 4.13% | 3.13% | 2.63% | 4.02% | 1.73% | 2.95% | 3.76% | 4.42% | |
| EFFICIENCY | - | - | - | - | - | - | - | - | - | - |
| Debtor Days | 97 | 115 | 108 | 109 | 114 | 132 | 143 | 142 | 169 | 164 |
| Inventory Days | 68 | 89 | 91 | 74 | 75 | 79 | 85 | 73 | 76 | 82 |
| Payable Days | 169 | 248 | 221 | 154 | 153 | 170 | 167 | 139 | 145 | 131 |
| -3 | -44 | -21 | 30 | 36 | 42 | 61 | 76 | 99 | 115 | |
| FINANCIAL HEALTH | - | - | - | - | - | - | - | - | - | - |
| Debt to Equity (x) | 0.64x | 0.28x | 0.13x | 0.20x | 0.54x | 0.47x | 0.57x | 0.52x | 0.31x | 0.31x |
| Interest Coverage (x) | 5.29x | 7.32x | 8.40x | 6.06x | 4.53x | 6.54x | 2.80x | 4.19x | 5.57x | 9.49x |
| 1.28x | 1.33x | 1.48x | 1.34x | 1.24x | 1.28x | 1.28x | 1.31x | 1.27x | 1.34x | |
| GROWTH | - | - | - | - | - | - | - | - | - | - |
| Revenue Growth % | 14.06% | -13.15% | -3.21% | 33.23% | 16.46% | -7.76% | 1.36% | 16.36% | -2.82% | 3.28% |
| Operating Profit Growth % | 32.69% | 17.54% | -26.88% | -3.14% | 6.24% | 38.37% | -33.31% | 39.68% | 17.24% | 11.78% |
| Net Profit Growth % | 54.43% | 30.39% | -32.19% | -14.48% | 3.55% | 69.69% | -54.56% | 78.75% | 38.35% | 25.09% |
| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 24.01% | 2.27% | |
| VALUATION | - | - | - | - | - | - | - | - | - | - |
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 27.07x | 30.94x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 2.62x | 2.82x |
| Dividend Yield % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.45% | 0.48% |
| 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 12.65x | 13.22x |
Mar 2016
- EPS (₹)
- 251.25
- Book Value (₹)
- 1399.22
- Dividend per Share (₹)
- 20.00
- Cash EPS (₹)
- 36.20
- Operating Margin %
- 9.19%
- Net Margin %
- 4.11%
- ROE %
- 20.33%
- ROCE %
- 22.88%
- 4.91%
- Debtor Days
- 97
- Inventory Days
- 68
- Payable Days
- 169
- -3
- Debt to Equity (x)
- 0.64x
- Interest Coverage (x)
- 5.29x
- 1.28x
- Revenue Growth %
- 14.06%
- Operating Profit Growth %
- 32.69%
- Net Profit Growth %
- 54.43%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2017
- EPS (₹)
- 329.25
- Book Value (₹)
- 1704.96
- Dividend per Share (₹)
- 30.00
- Cash EPS (₹)
- 44.01
- Operating Margin %
- 12.33%
- Net Margin %
- 6.12%
- ROE %
- 21.76%
- ROCE %
- 25.76%
- 5.89%
- Debtor Days
- 115
- Inventory Days
- 89
- Payable Days
- 248
- -44
- Debt to Equity (x)
- 0.28x
- Interest Coverage (x)
- 7.32x
- 1.33x
- Revenue Growth %
- -13.15%
- Operating Profit Growth %
- 17.54%
- Net Profit Growth %
- 30.39%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2018
- EPS (₹)
- 213.90
- Book Value (₹)
- 1878.35
- Dividend per Share (₹)
- 16.00
- Cash EPS (₹)
- 33.89
- Operating Margin %
- 9.56%
- Net Margin %
- 4.40%
- ROE %
- 12.78%
- ROCE %
- 18.01%
- 4.13%
- Debtor Days
- 108
- Inventory Days
- 91
- Payable Days
- 221
- -21
- Debt to Equity (x)
- 0.13x
- Interest Coverage (x)
- 8.40x
- 1.48x
- Revenue Growth %
- -3.21%
- Operating Profit Growth %
- -26.88%
- Net Profit Growth %
- -32.19%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2019
- EPS (₹)
- 19.42
- Book Value (₹)
- 206.07
- Dividend per Share (₹)
- 2.00
- Cash EPS (₹)
- 30.80
- Operating Margin %
- 7.01%
- Net Margin %
- 2.85%
- ROE %
- 9.94%
- ROCE %
- 16.11%
- 3.13%
- Debtor Days
- 109
- Inventory Days
- 74
- Payable Days
- 154
- 30
- Debt to Equity (x)
- 0.20x
- Interest Coverage (x)
- 6.06x
- 1.34x
- Revenue Growth %
- 33.23%
- Operating Profit Growth %
- -3.14%
- Net Profit Growth %
- -14.48%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2020
- EPS (₹)
- 19.65
- Book Value (₹)
- 242.71
- Dividend per Share (₹)
- 2.00
- Cash EPS (₹)
- 34.04
- Operating Margin %
- 6.40%
- Net Margin %
- 2.54%
- ROE %
- 9.04%
- ROCE %
- 12.07%
- 2.63%
- Debtor Days
- 114
- Inventory Days
- 75
- Payable Days
- 153
- 36
- Debt to Equity (x)
- 0.54x
- Interest Coverage (x)
- 4.53x
- 1.24x
- Revenue Growth %
- 16.46%
- Operating Profit Growth %
- 6.24%
- Net Profit Growth %
- 3.55%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2021
- EPS (₹)
- 33.71
- Book Value (₹)
- 274.93
- Dividend per Share (₹)
- 3.00
- Cash EPS (₹)
- 48.14
- Operating Margin %
- 9.60%
- Net Margin %
- 4.66%
- ROE %
- 13.30%
- ROCE %
- 14.70%
- 4.02%
- Debtor Days
- 132
- Inventory Days
- 79
- Payable Days
- 170
- 42
- Debt to Equity (x)
- 0.47x
- Interest Coverage (x)
- 6.54x
- 1.28x
- Revenue Growth %
- -7.76%
- Operating Profit Growth %
- 38.37%
- Net Profit Growth %
- 69.69%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2022
- EPS (₹)
- 14.80
- Book Value (₹)
- 288.45
- Dividend per Share (₹)
- 2.00
- Cash EPS (₹)
- 29.42
- Operating Margin %
- 6.31%
- Net Margin %
- 2.09%
- ROE %
- 5.55%
- ROCE %
- 7.81%
- 1.73%
- Debtor Days
- 143
- Inventory Days
- 85
- Payable Days
- 167
- 61
- Debt to Equity (x)
- 0.57x
- Interest Coverage (x)
- 2.80x
- 1.28x
- Revenue Growth %
- 1.36%
- Operating Profit Growth %
- -33.31%
- Net Profit Growth %
- -54.56%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2023
- EPS (₹)
- 26.72
- Book Value (₹)
- 313.39
- Dividend per Share (₹)
- 3.00
- Cash EPS (₹)
- 42.14
- Operating Margin %
- 7.58%
- Net Margin %
- 3.21%
- ROE %
- 9.29%
- ROCE %
- 11.15%
- 2.95%
- Debtor Days
- 142
- Inventory Days
- 73
- Payable Days
- 139
- 76
- Debt to Equity (x)
- 0.52x
- Interest Coverage (x)
- 4.19x
- 1.31x
- Revenue Growth %
- 16.36%
- Operating Profit Growth %
- 39.68%
- Net Profit Growth %
- 78.75%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2024
- EPS (₹)
- 33.14
- Book Value (₹)
- 343.07
- Dividend per Share (₹)
- 4.00
- Cash EPS (₹)
- 52.47
- Operating Margin %
- 8.79%
- Net Margin %
- 4.57%
- ROE %
- 11.78%
- ROCE %
- 13.71%
- 3.76%
- Debtor Days
- 169
- Inventory Days
- 76
- Payable Days
- 145
- 99
- Debt to Equity (x)
- 0.31x
- Interest Coverage (x)
- 5.57x
- 1.27x
- Revenue Growth %
- -2.82%
- Operating Profit Growth %
- 17.24%
- Net Profit Growth %
- 38.35%
- 24.01%
- P/E (x)
- 27.07x
- P/B (x)
- 2.62x
- Dividend Yield %
- 0.45%
- 12.65x
Mar 2025
- EPS (₹)
- 33.89
- Book Value (₹)
- 372.48
- Dividend per Share (₹)
- 5.00
- Cash EPS (₹)
- 62.25
- Operating Margin %
- 9.29%
- Net Margin %
- 5.54%
- ROE %
- 13.52%
- ROCE %
- 15.49%
- 4.42%
- Debtor Days
- 164
- Inventory Days
- 82
- Payable Days
- 131
- 115
- Debt to Equity (x)
- 0.31x
- Interest Coverage (x)
- 9.49x
- 1.34x
- Revenue Growth %
- 3.28%
- Operating Profit Growth %
- 11.78%
- Net Profit Growth %
- 25.09%
- 2.27%
- P/E (x)
- 30.94x
- P/B (x)
- 2.82x
- Dividend Yield %
- 0.48%
- 13.22x
Documents
Announcements
- Analysts/Institutional Investor Meet/Con. Call Updates
2026-08-18 - Isgec Heavy Engineering Limited has informed the Exchange about Transcript of the Conference Call/ Meet to discuss the financial results of the Company for the quarter ended June 30, 2026.
- Analysts/Institutional Investor Meet/Con. Call Updates
2026-08-12 - Isgec Heavy Engineering Limited has informed the Exchange about Link of Recording
Annual Reports
Credit Ratings
- Credit Rating- New
2026-05-26 - Intimation of Credit Rating - Reaffirmation
Concalls
Aug 2026
Jun 2026
May 2026