ISGEC Heavy Engineering
ISGEC Heavy Engineering Ltd valuation: P/E, P/B and sector benchmarks.
Twelve years of multiples investors have paid for ISGEC Heavy Engineering Ltd, framed against the sector median so the premium or discount is obvious at a glance.
ISGEC Heavy Engineering Ltd trades at a P/E of 61.40× and P/B of 2.45×.
Valuation
Profitability
Growth
Financial Health
ISGEC Heavy Engineering Ltd financials: P&L, balance sheet, cash flow, ratios.
Twelve years of audited numbers for ISGEC Heavy Engineering Ltd, switchable between annual and quarterly views, consolidated or standalone.
ISGEC Heavy Engineering Ltd reports its full P&L, balance sheet, cash flow and ratios on this page — current market capitalisation of ₹6,801.48 Cr and reported EPS of ₹14.83.
| Period | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | 5,051 | 5,852 | 5,426 | 5,499 | 6,399 | 6,219 | 6,422 | 6,789 |
| Other Income | 69 | 62 | 52 | 13 | 13 | 26 | 39 | 133 |
| Total Income | 5,119 | 5,914 | 5,477 | 5,513 | 6,412 | 6,245 | 6,462 | 6,922 |
| Cost of Goods Sold (COGS) | 3,111 | 3,491 | 3,295 | 3,396 | 3,932 | 3,730 | 1,946 | 1,954 |
| Gross Profit | 1,940 | 2,361 | 2,130 | 2,103 | 2,468 | 2,489 | 4,476 | 4,835 |
| +Operating Expenses | 1,673 | 2,067 | 1,675 | 1,792 | 2,013 | 1,991 | 3,897 | 4,281 |
| EBITDA | 266 | 295 | 455 | 311 | 455 | 498 | 579 | 555 |
| +Non-Operating Expenses | 108 | 140 | 151 | 167 | 177 | 170 | 141 | 347 |
| Profit Before Tax (PBT) | 227 | 216 | 356 | 158 | 290 | 354 | 477 | 308 |
| +Tax Expense | 83 | 66 | 103 | 43 | 84 | 99 | 122 | 154 |
| Profit After Tax (PAT) | 144 | 151 | 253 | 115 | 206 | 255 | 264 | 154 |
| Earnings Per Share (EPS) | 19.42 | 19.91 | 33.71 | 14.80 | 26.72 | 33.14 | 33.89 | 14.81 |
| Diluted Shares Outstanding (Nos.) | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 |
| +Additional Disclosures | 8,000 | 9,210 | 8,426 | 8,755 | 10,064 | 9,630 | 7,850 | 8,583 |
| Sales Growth % | — | 15.87 | -7.29 | 1.36 | 16.36 | -2.81 | 3.26 | 5.71 |
| YoY Sales Growth % | — | 15.87 | -7.29 | 1.36 | 16.36 | -2.81 | 3.26 | 5.71 |
| Material Cost % | 30 | 24 | 23 | 29 | 29 | 32 | 31 | 29 |
| Employee Cost % | 7 | 7 | 7 | 8 | 7 | 8 | 9 | 10 |
| Other Cost % | 26 | 28 | 24 | 25 | 24 | 24 | 52 | 53 |
| OPM % | 5 | 5 | 8 | 6 | 7 | 8 | 9 | 8 |
| Tax % | 37 | 30 | 29 | 27 | 29 | 28 | 25 | 50 |
| Profit Growth % | — | 4.66 | 67.90 | -54.56 | 78.75 | 24.00 | 3.55 | -41.63 |
| Gross Margin % | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA Margin % | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Coverage Ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Additional Fields | 184 | 196 | 354 | 210 | 350 | 392 | 477 | 276 |
ISGEC Heavy Engineering segment analysis: revenue and profit mix.
Disclosed business segments at ISGEC Heavy Engineering with their share of revenue and profit, switchable between consolidated and standalone reporting.
ISGEC Heavy Engineering discloses revenue and profit across multiple business segments — toggle between consolidated and standalone views to see the mix.
Segment-wise Financial Analysis
ISGEC Heavy Engineering Ltd investment thesis: bull case, bear case, and the flip lines.
Why someone would buy ISGEC Heavy Engineering Ltd, why someone wouldn't, and the quantitative tripwires that would force the call to flip.
ISGEC Heavy Engineering Ltd's investment case rests on 8 positive markers and 8 flagged concerns drawn from the latest reported filings.
What you're getting.
A substantial promoter holding of 62.43% demonstrates strong management confidence and commitment, providing stability and aligning interests with long-term shareholder value creation.
The company maintains a healthy financial structure with a low debt-to-equity ratio of 0.31, indicating manageable debt levels and financial resilience for future growth.
ISGEC's Price-to-Earnings (P/E) ratio of 24.60 is notably lower than the sector P/E of 29.37, suggesting a potentially attractive valuation compared to its industry peers.
The company exhibits efficient capital utilization with a healthy Return on Capital Employed (ROCE) of 14.80%, reflecting effective operational management and profit generation.
The robust Civil Construction sector, with a P/E of 29.37, presents a favorable external environment, offering ISGEC significant potential for growth and increased project demand.
What can break it.
ISGEC reported a significant decline in recent quarterly performance, with sales dropping by -12.90% and profit by -12.10%, signaling immediate operational challenges requiring attention.
The stock has experienced considerable volatility, evidenced by a 52-week high of ₹1677 and a low of ₹842, indicating market uncertainty and higher risk for potential investors.
A Return on Equity (ROE) of 9.37% is relatively modest, suggesting there is room for improvement in maximizing returns for shareholders from their invested capital.
A recent decline in FII and DII holdings, with FIIs at 3.48% and DIIs at 10.39% in Sep 2025, could indicate a waning institutional confidence in the company's near-term prospects.
The Civil Construction industry faces intense competition from larger players like L&T and KPIL, which could pressure ISGEC's market share and profit margins.
What would change my mind.
Trim if P/E re-rates above 80. The valuation cushion thins from there.
Reassess if quarterly profit growth prints below 0% for two consecutive quarters. The bull case relies on compounding earnings.
Watch interest coverage if debt-to-equity climbs above 33.43. Balance sheet risk re-prices growth multiples fast.
Exit if ROE slips below 8%. The operating engine is no longer compounding capital efficiently.
ISGEC Heavy Engineering Ltd peer comparison — same-sector benchmarks.
Same-sector listed peers ranked on P/E, market cap, dividend yield and growth — ISGEC Heavy Engineering Ltd is highlighted for quick read-across.
Quick Compare
Peer Comparison
ISGEC Heavy Engineering Ltd technical analysis: indicators, pivots and CPR.
Live RSI, MACD and moving-average signals plus today's pivot and Central Pivot Range levels for ISGEC Heavy Engineering Ltd — derived from the live tape, not yesterday's close.
ISGEC Heavy Engineering Ltd last traded at ₹925.3 with an intraday range of ₹915.15–₹933.8 — live indicator, pivot and CPR signals below.
Pivot points
Standard pivot — most widely referenced.
Pivot levels · Classic
Live: ₹925.30| Level | Price (₹) | Distance | % Δ |
|---|---|---|---|
| R4 | 971.65 | +46.35 | +5.01% |
| R3 | 953.00 | +27.70 | +2.99% |
| R2 | 943.40 | +18.10 | +1.96% |
| R1 | 934.35 | +9.05 | +0.98% |
| PIVOT | 924.75 | -0.55 | -0.06% |
| CURRENT | 925.30 | — | — |
| S1 | 878.40 | -46.90 | -5.07% |
| S2 | 897.05 | -28.25 | -3.05% |
| S3 | 906.10 | -19.20 | -2.08% |
| S4 | 915.70 | -9.60 | -1.04% |
ISGEC is trading Above CPR, indicating Bullishness
CPR is Narrower, suggesting likely for trending moves
Day's range: 917.6 ~ 929.9
Trading Above opening range, showing Bullishness
ISGEC Heavy Engineering Ltd delivery volume — last 20 sessions of conviction.
Daily traded volume and delivery percentage for ISGEC Heavy Engineering Ltd over 20 sessions — the gap between intraday flipping and genuine accumulation.
Latest session delivery in ISGEC Heavy Engineering Ltd stood at 63.0% of traded volume, against a 20-day average of 50.1%.
ISGEC Heavy Engineering announcements: results, concalls, ratings, M&A.
Filings ISGEC Heavy Engineering sent to the exchanges, sequenced as they hit the tape — concall transcripts, results, credit ratings and presentations.
ISGEC Heavy Engineering files concall transcripts, results, credit ratings and corporate-action notices on the NSE and BSE exchange portals — latest 145 documents below.
Copy of Newspaper Publication
Isgec Heavy Engineering Limited has informed the Exchange about Copy of Newspapers Publication
Investor Presentation
Isgec Heavy Engineering Limited has informed the Exchange about Investor Presentation
Copy of Newspaper Publication
Isgec Heavy Engineering Limited has informed the Exchange about Newspapers Publication regarding Audited Financial Results for the quarter and year…
Outcome of Board Meeting
Isgec Heavy Engineering Limited has submitted to the Exchange about the outcome of the Board Meeting held on May 27, 2026.
General Updates
Isgec Heavy Engineering Limited has informed the Exchange about Imposition of Penalty
Investor decks & rating reports.
Investor Presentation
Investor Presentation
Investor Presentation
Investor Presentation
Investor Presentation
Investor Presentation
ISGEC Heavy Engineering dividend history, splits and bonus issues.
Every dividend, stock split and bonus issue ISGEC Heavy Engineering has declared, sequenced by announce and record date.
ISGEC Heavy Engineering corporate-action history below covers all declared dividends, stock splits and bonus issues recorded with NSE and BSE.
About ISGEC Heavy Engineering Ltd: business, sector, key facts.
What ISGEC Heavy Engineering Ltd does, where it operates, the people running it, and the numbers that describe the entity behind the ticker.
ISGEC Heavy Engineering Ltd operates in the Industrials, listed as NSE: ISGEC, BSE: 533033.
ISGEC Heavy Engineering Limited is a global provider of engineering solutions, primarily operating in two segments: manufacturing of machinery and equipment, and engineering, procurement, and construction (EPC) services. Their manufacturing arm focuses on a wide range of process plant equipment, including reactors, pressure vessels, heat exchangers, and columns used across various industries. They also produce boilers for diverse fuel sources (solid, biomass, oil, gas, waste-to-energy), along with associated air pollution control systems and other auxiliaries. Beyond this, their manufacturing capabilities extend to presses (mechanical and hydraulic) and steel castings for various applications.
The EPC segment of ISGEC's business involves the design, procurement, and construction of complete industrial plants. A significant portion of this focuses on sugar plants and associated machinery, including mills, diffusers, and refinery equipment. They also undertake projects for distilleries and offer related spares and retrofitting services. Their EPC capabilities extend beyond the sugar industry, serving sectors like power generation, fertilizer production, oil and gas, petrochemicals, and more.
ISGEC's client base spans a broad range of industries, including power, fertilizer, sugar and distillery, oil and gas, petrochemicals, automotive, steel, defense, cement, and chemicals. They provide a comprehensive suite of services, from individual component manufacturing to complete turnkey plant construction and subsequent maintenance and upgrades. This includes not only the core machinery but also associated services such as site construction, commissioning, operation and maintenance, and life assessment studies. Their product portfolio also includes iron castings, air pollution control equipment, liquefied gas containers, and contract manufacturing services.
In addition to its core engineering and construction businesses, ISGEC also engages in the manufacturing and sale of sugar and its by-products, as well as ethanol and its by-products, indicating a level of vertical integration within its operations. The company boasts a long history, having been incorporated in 1933 and is currently headquartered in Noida, India. Its diversified offerings and extensive industry experience position it as a significant player in the global engineering and manufacturing landscape.
Questions investors ask about ISGEC Heavy Engineering Ltd (ISGEC).
Quick answers grounded in this page's data — price action, fundamentals, ratios and ownership.
01What is the current share price of ISGEC Heavy Engineering Ltd (ISGEC)?
The current share price of ISGEC Heavy Engineering Ltd (ISGEC) is ₹925.3. Today, the stock has gained by ₹15.30 (1.68%), trading in a range of ₹915.15 to ₹933.8. The stock opened at ₹929.9 with a trading volume of 87,688 shares.
02Is ISGEC Heavy Engineering Ltd stock a good investment for long-term?
ISGEC Heavy Engineering Ltd can be considered for long-term investment based on several factors. The company has a market capitalization of ₹6,801.48 crores, P/E ratio of 61.40, ROE of 5.37%, and ROCE of 14.80%. The dividend yield stands at 0.55%. However, investment decisions should be based on your financial goals, risk appetite, and thorough research. It's recommended to consult with a SEBI-registered financial advisor before making investment decisions.
03What is the 52-week high and low price of ISGEC Heavy Engineering Ltd stock?
The 52-week high price of ISGEC Heavy Engineering Ltd (ISGEC) is ₹1,250.1, while the 52-week low is ₹683.95. Currently trading at ₹925.3, the stock is 42.6% away from its 52-week low and 26.0% below its 52-week high. These levels help investors understand the stock's price volatility and trading range over the past year.
04Should I buy ISGEC Heavy Engineering Ltd stock at the current price?
Whether to buy ISGEC Heavy Engineering Ltd stock at ₹925.3 depends on multiple factors. The stock is currently trading with a P/E ratio of 61.40 and P/B ratio of 2.45. Today's performance shows a gain of 1.68%. Consider analyzing the company's fundamentals, technical indicators, industry trends, and your investment horizon. Compare these metrics with industry peers and consult a financial advisor for personalized advice.
05What is the dividend yield of ISGEC Heavy Engineering Ltd and when is the next dividend?
ISGEC Heavy Engineering Ltd offers a dividend yield of 0.55%, which means for every ₹100 invested at the current price of ₹925.3, you can expect to receive approximately ₹0.55 annually as dividends. The face value of the stock is ₹1.00. For information about the next dividend announcement and ex-dividend date, please check the company's official announcements or visit the BSE/NSE websites.
06What are the key financial ratios and metrics of ISGEC Heavy Engineering Ltd?
ISGEC Heavy Engineering Ltd's key financial metrics include: P/E Ratio: 61.40, P/B Ratio: 2.45, ROE: 5.37%, ROCE: 14.80%, Dividend Yield: 0.55%, EPS: ₹14.83, Book Value: ₹372.2, and Debt-to-Equity: 32.93. The company's market cap stands at ₹6,801.48 crores. These metrics help evaluate the company's valuation, profitability, and financial health.
07How is ISGEC Heavy Engineering Ltd stock performing today in the market?
ISGEC Heavy Engineering Ltd stock opened at ₹929.9 and is currently trading at ₹925.3, showing a gain of ₹15.30 (1.68%). The intraday high is ₹933.8 and low is ₹915.15. The trading volume stands at 87,688 shares, indicating moderate market participation today.
08What is the P/E ratio of ISGEC Heavy Engineering Ltd and what does it indicate?
ISGEC Heavy Engineering Ltd has a Price-to-Earnings (P/E) ratio of 61.40, which means investors are willing to pay ₹61.40 for every ₹1 of earnings. With an EPS of ₹14.83, this P/E ratio suggests the stock may be trading at a premium, possibly due to high growth expectations. Compare this with industry peers and historical P/E ratios for better context.
The data, ratios and commentary about ISGEC Heavy Engineering Ltd (ISGEC) on this page are published for educational and informational purposes only and are not investment, legal or tax advice. StockeZee is not a SEBI-registered investment adviser, research analyst or portfolio manager, and no content here should be construed as a recommendation to buy, hold or sell any security. Live and historical market data may be delayed, revised by the exchanges, or contain errors; figures sourced from third-party feeds and corporate disclosures may not always be current. Past performance is not indicative of future results, and equity investments carry the risk of capital loss. Before acting on anything you read here, please consult a SEBI-registered financial advisor and read all scheme-related documents carefully.
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