Isgec Heavy ENG Ltd
NSE: ISGEC · Civil Construction · sector
₹887.25NSE close 2026-10-26
Key numbers
Market cap₹6,521 cr
Price₹887.25
52w high / low₹1,114 / ₹684
P/E33.3xSector median 12.2x
P/B2.4xSector median 1.3x
Book value₹372.3
Dividend yield0.63%Sector median 0.76%
ROE7.2%Sector median 10.2%
ROCE14.9%Sector median 12.9%
OPM8.1%Sector median 10.7%
Debt / equity0.34xSector median 0.36x
EV/EBITDA11.6xSector median 8.8x
Interest cover7.2x
Current ratio1.39x
Sales growth 3y+2.0%Sector median +6.7%
Profit growth 3y-17.9%Sector median +5.8%
PEG–
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 119 companies in Civil Construction (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹442 cr vs borrowings ₹918 cr (FY26): borrowings are higher by ₹476 cr.
- Operating profit covered interest 7.2x in the last 12 months.
- Operating cash flow was below net profit in 2 of the last 5 years (FY25, FY22).
- Revenue was higher than a year earlier in 4 of the last 4 quarters.
- Other income was 66% of net profit in the last 12 months.
- Debtor days went from 172 (FY24) to 148 (FY26).
- Dividend paid in 5 of the last 5 financial years.
- Price ₹887.25 on 2026-10-26: -20.3% from the 52-week high, +29.7% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹1,566.20 · low ₹738.85
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,644 | 1,497 | 1,744 | 1,341 | 1,691 | 1,739 | 2,048 | 1,980 |
| EBITDA | 139 | 118 | 152 | 120 | 147 | 177 | 156 | 124 |
| OPM % | 8.5% | 7.9% | 8.7% | 9.0% | 8.7% | 10.2% | 7.6% | 6.2% |
| Other income | 24 | 4 | 3 | 18 | 34 | 18 | 63 | 13 |
| Net profit | 93 | 20 | 71 | 52 | 44 | 70 | 73 | 9 |
| EPS (₹) | 12.59 | 2.73 | 9.67 | 7.11 | 5.98 | 9.49 | 9.96 | 1.22 |
| Revenue YoY | +2.9% | +16.2% | +17.4% | +47.7% | ||||
| Profit YoY | -52.5% | +247.7% | +3.0% | -82.9% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 5,499 | 6,399 | 6,219 | 6,422 | 6,789 | 7,458 |
| EBITDA | 311 | 455 | 498 | 579 | 538 | 604 |
| Net profit | 109 | 196 | 244 | 249 | 109 | 196 |
| EPS (₹) | 14.80 | 26.72 | 33.14 | 33.89 | 14.81 | 26.65 |
| Revenue growth | +16.4% | -2.8% | +3.3% | +5.7% | +19.8% | |
| Profit growth | +80.6% | +24.0% | +2.3% | -56.3% | -17.0% | |
| Dividend / share (₹) | 1.00 | 2.00 | 3.00 | 4.00 | 5.00 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +2.0% | +4.6% | +19.8% |
| Net profit | -17.9% | -15.2% | -17.0% |
| EPS | -17.9% | -15.2% | – |
| Share price | – | -19.7% (2y) | +0.4% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 2,304 | 2,523 | 2,739 | 2,737 |
| Borrowings | – | 1,200 | 787 | 843 | 918 |
| Cash & equivalents | – | 227 | 204 | 230 | 442 |
| Total assets | – | 7,075 | 7,835 | 8,041 | 8,077 |
| Fixed assets | – | 891 | 896 | 921 | 1,737 |
| Capital work in progress | – | 792 | 959 | 66 | 137 |
| Investments | – | 0 | 0 | 0 | 0 |
| Receivables | – | 2,819 | 2,929 | 2,833 | 2,751 |
| Inventory | – | 1,164 | 1,410 | 1,477 | 1,653 |
| Payables | – | 1,497 | 1,423 | 1,249 | 1,200 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | 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 | 158 | 245 | 241 | 168 |
| Free cash flow | -136 | 43 | 490 | -132 | 582 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 8.5% | 9.7% | 9.1% | 4.0% |
| ROCE % | – | 10.4% | 12.6% | 14.4% | 10.8% |
| Debtor days | – | 161 | 172 | 161 | 148 |
| Inventory days | – | 108 | 138 | 277 | 309 |
| Payable days | – | 139 | 139 | 234 | 224 |
| Cash conversion cycle (days) | – | 130 | 171 | 204 | 233 |
| Working capital days | – | 71 | 73 | 86 | 91 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 62.43% |
| FIIs | 3.86% |
| DIIs | 9.98% |
| of which Mutual funds | 8.95% |
| Government | 0.01% |
| Public (non-institutions) | 23.72% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 62.43% | 62.43% | 62.43% | 62.43% | 62.43% | 62.43% | 62.43% | 62.43% |
| Promoter group | % |
|---|---|
| The Yamuna Syndicate Ltd | 45.00% |
| Ranjit Puri | 8.97% |
| Aditya Puri | 6.21% |
| N. A. Cold Storages PVT. Ltd. | 2.04% |
| Nina Puri | 0.22% |
| Tanu Priya Puri | 0.00% |
| Tanvi Puri | 0.00% |
| Nayna Puri | 0.00% |
| Ashok Bhan | 0.00% |
| Akshay Bhan | 0.00% |
| Madhu Jain | 0.00% |
| Ranjit Puri HUF | 0.00% |
| Mitchell Peter Young | 0.00% |
| Public holders above 1% | % |
|---|---|
| Nippon Life India Trustee Ltd-a/c Nippon India Small CAP Fund | 6.47% |
| Bandhan Large & MID CAP Fund | 1.95% |
| Shri Parasram Holdings Private Limited | 1.21% |
39,592 shareholders. Pledged: – of promoter shares.
Peers in Civil Construction
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| LT | ₹5,06,276 cr | 30.5x | 4.6x | 16.7% | 12.8% | 9.4% | +22.2% | 0.92% |
| RVNL | ₹38,083 cr | 42.4x | 3.9x | 9.3% | 10.5% | 4.3% | +0.2% | 1.51% |
| KPIL | ₹22,134 cr | 19.5x | 2.8x | 15.9% | 17.7% | 8.4% | +18.4% | 0.69% |
| IRB | ₹19,639 cr | 20.6x | 0.9x | 4.7% | 7.6% | 53.9% | +6.1% | 0.65% |
| CEMPRO | ₹19,444 cr | 32.3x | 8.1x | 28.4% | 32.3% | 10.4% | +25.5% | 0.18% |
| NBCC | ₹18,536 cr | 25.1x | 6.1x | 27.0% | 33.9% | 5.8% | +13.8% | 1.08% |
| ENGINERSIN | ₹13,725 cr | 17.5x | 4.4x | 27.0% | 28.8% | 19.4% | +5.7% | 1.84% |
| TECHNOE | ₹9,612 cr | 22.3x | 2.3x | 10.9% | 13.7% | 14.0% | +57.7% | 1.09% |
| IRCON | ₹9,177 cr | 17.5x | 1.4x | 8.1% | 8.2% | 8.3% | -4.4% | 2.25% |
| ISGEC | ₹6,521 cr | 33.3x | 2.4x | 7.2% | 14.9% | 8.1% | +2.0% | 0.63% |
Business segments (FY26)
| Segment | Revenue | Share | EBIT | Margin |
|---|---|---|---|---|
| Industrial Projects | ₹3,702 cr | 50.4% | ₹175 cr | 4.7% |
| Manufacturing of Machinery & Equipment | ₹2,765 cr | 37.6% | ₹382 cr | 13.8% |
| Sugar | ₹688 cr | 9.4% | ₹42 cr | 6.1% |
| Ethanol | ₹196 cr | 2.7% | ₹-2 cr | -1.0% |
| Ethanol Plant at Philippines | ₹2 cr | 0.0% | ₹-295 cr | -14,818.6% |
| Unallocated | ₹0 cr | 0.0% | ₹174 cr | 43,400.0% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-09-21 | Dividend | Dividend - Rs 6 Per Share |
| 2025-09-08 | Dividend | Dividend - Rs 5 Per Share |
| 2024-08-21 | Dividend | Dividend - Rs 4 Per Share |
| 2024-08-21 | Other | Annual General Meeting |
| 2023-08-14 | Dividend | Dividend - Rs 3 Per Share |
| 2023-08-14 | Other | Annual General Meeting |
| 2022-08-12 | Dividend | Annual General Meeting/Dividend - Rs 2 Per Share |
| 2021-09-08 | Dividend | Annual General Meeting/Dividend - Re 1 Per Share |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Industrial Projects: The Company undertakes projects for supply of Boilers, Sugar Plants, Power Plants, Air Pollution Control Equipment, Material Handling Systems.
- Manufacturing of Machinery and Equipment: The Company manufactures heavy capital goods such as Mechanical and Hydraulic Presses, Steel and Iron Castings, Boiler Tubes and Panels, Process Plant Equipment and Liquified Gas Containers.
| Sector | Industrials |
| Industry | Civil Construction |
| Sub-industry | Civil Construction |
| Symbol | ISGEC |
| BSE code | 533033 |
| ISIN | INE858B01029 |
| Face value | ₹1.0 |
| Incorporated | 1933-01-23 |
| Website | https://www.isgec.com |
| Plants (India / abroad) | 7 / 0 |
From the company's filings (BRSR FY26).
Data built 2026-10-23 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.