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Isgec Heavy Engineering Ltd. (ISGEC.NS)

INR892.70 -4.00 (-0.45%)
IN NSE Industrials Engineering & Construction
Address A-4, Sector-24 201301
Noida, UP, IN
CEO Aditya Puri
Website isgec.com
IPO 2021-05-05
ISIN INE858B01029

Explore sections of this company profile

Also trades on Bombay Stock Exchange · ISGEC.BO (INR) National Stock Exchange of India · ISGEC.NS (INR)
Description

Isgec Heavy Engineering Limited provides engineering solutions worldwide. It operates in two segments, Manufacturing of Machinery & Equipment; and Industrial Projects. The company provides process plant equipment, including reactors, high pressure vessels, shell and tube heat exchangers, columns and towers, and high pressure boiler drums; boilers, such as solid and biomass fuels, bagasse and biomass, oil and gas fired, blast furnace gas fired, waste to energy, and heat recovery boilers, as well as auxiliaries comprising air pollution control equipment, bag filters, SCR/SNCR, flue gas desulphurization systems, and deaerators; and site construction and commissioning, operation and maintenance, supervision, retrofitting and modernization, residual life assessment studies, spares, and technical assistance services. It also offers engineering, procurement, and construction services; sugar plants and machinery that include mills, diffusers, process house equipment, sugar refinery, turnkey distillery plants, and spares and retrofits; presses, such as mechanical and hydraulic straight sided, mechanical gap and ring frame, and servo presses; and steel castings, including steam/gas turbine, hydro turbine, valve, pump, mining and crushing, and general engineering castings. In addition, the company provides iron castings, air pollution control equipment, and liquefied gas containers, as well as contract manufacturing services. Further, it manufactures and sells sugar and its by-products, and ethanol and its by-products. It serves power, fertilizer, sugar and distillery, oil and gas, petrochemicals, automobile, steel, defense, cement, and chemicals industries. The company was formerly known as The Saraswati Industrial Syndicate Limited and changed its name to Isgec Heavy Engineering Limited in 2011. The company was incorporated in 1933 and is based in Noida, India.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
INR892.70 -4.00 (-0.45%)
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Volume Profile
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Liquidity & share structure
Average Volume
68.7K
Beta
0.27
Float Shares
27.09M
Free Float %
36.8%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-10.10% -14.86% -14.78% +4.42% +12.41% +1.82% -22.71% +57.41% +64.00% +61.97% +61.97%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
892.70
DCF (Unlevered) 733.28 -17.9%
DCF (Levered) 2,774.79 +210.8%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 100% Bullish
Rating 2025-04 Change
Strong Buy 0 0
Buy 1 0
Hold 0 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
2.12
Grey zone
Piotroski F-Score
7 / 9
Strong
MOAT Score
3 / 10
No MOAT
Composite Rating
D+
Overall Score
1 / 5
Low
DCF Score
1 / 5
Low
ROE Score
1 / 5
Low
ROA Score
1 / 5
Low
D/E Score
1 / 5
Low
P/E Score
2 / 5
Medium
P/Book Score
1 / 5
Low
Operational MOAT
✗ Below peers
  • Revenue growth Engineering & Construction: +6.7%
    +5.7% Q1'26: +17.4% (vs Q1'25)
  • EPS growth Engineering & Construction: +20.8%
    -56.3% Q1'26: +3.0% (vs Q1'25)
  • FCF margin FCF growth · Engineering & Construction: +51.6%
    +6.3% Q1'26: +18.4% (vs Q1'25)
  • EBIT margin Engineering & Construction: +7.0%
    +5.8% Q1'26: +7.4% (vs Q1'25)
  • ROIC Engineering & Construction: +6.4%
    +6.9% Q1'26: +11.5% (vs Q1'25)
  • Share dilution Engineering & Construction: +0.0%
    +0.1% Q1'26: +0.0% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Engineering & Construction: -0.38×
    1.71× Q1'26: 1.09× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (1.28) × ERP
WACC = 88% × Ke + 12% × Kd (9.0%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 733.44 Current price: 892.70
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Mar 2018
actual
Mar 2019
actual
Mar 2020
actual
Mar 2021
actual
Mar 2022
actual
Mar 2023
actual
Mar 2024
actual
Mar 2025
actual
Mar 2026
1 Rev. Ana.
1 EPS Ana.
Revenue
37.91B
est: 26.51B (+43.0%)
50.51B
est: 38.56B (+31.0%)
57.05B
est: 50.00B (+14.1%)
52.46B
est: 42.32B (+24.0%)
54.99B
est: 49.69B (+10.7%)
63.49B
est: 53.35B (+19.0%)
61.67B
est: 72.24B (-14.6%)
64.22B
est: 68.30B (-6.0%)
75.05B
75.05B – 75.05B
+9.9% YoY
EBITDA
3.66B
est: 2.16B (+69.1%)
3.32B
est: 3.15B (+5.6%)
3.54B
est: 4.08B (-13.3%)
5.01B
est: 3.45B (+45.1%)
3.25B
est: 4.05B (-19.9%)
4.63B
est: 4.35B (+6.3%)
5.20B
est: 7.90B (-34.2%)
6.19B
est: 7.87B (-21.4%)
8.65B
8.65B – 8.65B
+9.9% YoY
EBIT
2.85B
est: 1.70B (+67.6%)
2.50B
est: 2.47B (+1.0%)
2.52B
est: 3.21B (-21.3%)
4.00B
est: 2.71B (+47.4%)
2.23B
est: 3.19B (-30.0%)
3.58B
est: 3.42B (+4.7%)
4.13B
est: 7.03B (-41.2%)
5.17B
est: 3.63B (+42.4%)
3.99B
3.99B – 3.99B
+9.9% YoY
Net Income
1.57B
est: 1.39B (+13.2%)
1.43B
est: 1.55B (-7.6%)
1.45B
est: 1.68B (-14.0%)
2.48B
est: 1.93B (+28.2%)
1.09B
est: 1.73B (-37.1%)
1.96B
est: 1.94B (+1.0%)
2.44B
est: 2.62B (-6.9%)
2.49B
est: 3.11B (-19.9%)
3.99B
3.99B – 3.99B
+28.4% YoY
SGA
428.53M
est: 2.17B (-80.3%)
2.64B
est: 3.16B (-16.2%)
2.84B
est: 4.09B (-30.6%)
1.76B
est: 3.46B (-49.1%)
4.41B
est: 4.07B (+8.4%)
4.69B
est: 4.37B (+7.4%)
5.20B
est: 5.91B (-12.1%)
8.82B
est: 5.13B (+71.9%)
5.64B
5.64B – 5.64B
+9.9% YoY
EPS
21.39
est: 18.90 (+13.2%)
19.42
est: 21.02 (-7.6%)
19.65
est: 22.85 (-14.0%)
33.71
est: 26.30 (+28.2%)
14.80
est: 23.55 (-37.2%)
26.72
est: 26.45 (+1.0%)
33.14
est: 35.60 (-6.9%)
33.90
est: 42.30 (-19.9%)
54.30
54.30 – 54.30
+28.4% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-29 D+ 1/5 1/5 1/5 1/5 1/5 2/5 1/5
2026-05-27 D+ 1/5 1/5 1/5 1/5 1/5 2/5 1/5
2026-05-26 D+ 1/5 1/5 1/5 1/5 1/5 2/5 1/5
2026-05-25 D+ 1/5 1/5 1/5 1/5 1/5 2/5 1/5
2026-05-22 D+ 1/5 1/5 1/5 1/5 1/5 2/5 1/5
2026-05-21 D+ 1/5 1/5 1/5 1/5 1/5 2/5 1/5
2026-05-20 D+ 1/5 1/5 1/5 1/5 1/5 2/5 1/5
2026-05-19 D+ 1/5 1/5 1/5 1/5 1/5 2/5 1/5
2026-05-18 D+ 1/5 1/5 1/5 1/5 1/5 2/5 1/5
2026-05-15 D+ 1/5 1/5 1/5 1/5 1/5 2/5 1/5
2026-05-14 D+ 1/5 1/5 1/5 1/5 1/5 2/5 1/5
2026-05-13 D+ 1/5 1/5 1/5 1/5 1/5 2/5 1/5
2026-05-12 D+ 1/5 1/5 1/5 1/5 1/5 2/5 1/5
2026-05-11 D+ 1/5 1/5 1/5 1/5 1/5 2/5 1/5
2026-05-08 D+ 1/5 1/5 1/5 1/5 1/5 2/5 1/5
2026-05-07 D+ 1/5 1/5 1/5 1/5 1/5 2/5 1/5
2026-05-06 D+ 1/5 1/5 1/5 1/5 1/5 2/5 1/5
2026-05-05 D+ 1/5 1/5 1/5 1/5 1/5 2/5 1/5
2026-05-04 D+ 1/5 1/5 1/5 1/5 1/5 2/5 1/5
2026-04-30 D+ 1/5 1/5 1/5 1/5 1/5 2/5 1/5
2026-04-29 D+ 1/5 1/5 1/5 1/5 1/5 2/5 1/5
2026-04-28 D+ 1/5 1/5 1/5 1/5 1/5 2/5 1/5
2026-04-27 D+ 1/5 1/5 1/5 1/5 1/5 2/5 1/5
2026-04-24 D+ 1/5 1/5 1/5 1/5 1/5 2/5 1/5
2026-04-23 D+ 1/5 1/5 1/5 1/5 1/5 2/5 1/5
2026-04-22 D+ 1/5 1/5 1/5 1/5 1/5 2/5 1/5
2026-04-21 D+ 1/5 1/5 1/5 1/5 1/5 2/5 1/5
2026-04-20 D+ 1/5 1/5 1/5 1/5 1/5 2/5 1/5
2026-04-17 D+ 1/5 1/5 1/5 1/5 1/5 2/5 1/5
2026-04-16 D+ 1/5 1/5 1/5 1/5 1/5 2/5 1/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
3.80B
OE per share TTM
51.71
Owner's Yield
5.56%
Maintenance CapEx ratio
137.18%
Maint CapEx / Avg PPE
26.3%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock Held by 14 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 Vanguard FTSE All-World ex-US Small-Cap ETF VSS 0.01% 1.01M 0.06%
2 Vanguard FTSE Emerging Markets Shares ETF VGE.AX 0.00% 31.2K 0.48%
3 Vanguard FTSE Emerging Markets All Cap Index ETF VEE.TO 0.00% 70.5K 0.26%
4 Vanguard FTSE Emerging Markets ETF VWO 0.00% 3.48M 0.06%
5 Vanguard ESG International Stock ETF VSGX 0.00% 42.4K 0.10%
6 Vanguard Total International Stock ETF VXUS 0.00% 3.78M 0.05%
7 Vanguard FTSE Global All Cap ex Canada Index ETF VXC.TO 0.00% 5.6K 0.22%
8 Vanguard Total World Stock ETF VT 0.00% 183.3K 0.06%
9 Vanguard All-Equity ETF Portfolio VEQT.TO 0.00% 16.8K 0.22%
10 Vanguard Growth ETF Portfolio VGRO.TO 0.00% 9.0K 0.22%

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
1.14M
Shares Outstanding
73.53M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Aditya Puri MD & Executive Director 115M male
Kishore Chatnani Chief Financial Officer, Joint MD, Head of Corporate Accounts & Treasury and Whole Time Director 21M male
Sanjay Gulati Head of Manufacturing Units, Joint MD & Whole Time Director 15M male
Manzar Abbas Chief Information Officer male
Radhika Arora Chief Human Resources Officer female
Ravi Jaidka Executive Director of ISGEC Works & Unit Head of ISGEC male
Sachin Saluja Company Secretary male
V. Mittal Senior Vice President of Information & Technology male
Bhupinder Kumar Malik Chief Accounts & Taxation Officer male
Kalyan Ghosh Chief Legal Officer & Compliance Officer male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits