Isgec Heavy Engineering share price
NSE: ISGECBSE: 533033ConstructionSmall Cap
Share price at the NSE close on 30 Oct 2026. Previous close ₹918.15.
30 Oct: open ₹919.20, high ₹931.75, low ₹901.00
- Next results date: the board meets on 4 Nov 2026 to consider: financial results. The notice · Results calendar
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies. Market capitalisation: how it is worked out
- ₹6,762 Cr690th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. Price to earnings, trailing: how it is worked out
- Earlier quarters restated in the year
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. Price to book: how it is worked out
- 2.47
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 0.65%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet.
- 11.4%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Mar 2026.
- 0.32
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day. Volume in the glossary
- 40,76059.6% delivered
About Isgec Heavy Engineering
Isgec Heavy Engineering Limited is a heavy engineering company that makes machinery and equipment, carries out large industrial projects, and produces sugar and ethanol.1 It sells machinery, equipment and project solutions to industries such as power generation, oil and gas, petrochemicals, automotive, fertilizers, steel and cement, in India and abroad.2 Its registered office is in Yamunanagar, Haryana.3
Its manufacturing business makes presses, process plant equipment, liquefied gas containers, boiler pressure parts and iron and steel castings, and its industrial projects business builds boilers, sugar plants and distilleries, emission control systems and bulk material handling systems.4 Saraswati Sugar Mills and Eagle Press & Equipment are wholly owned subsidiaries: Saraswati Sugar Mills makes refined sugar and ethanol in Yamunanagar, and Eagle Press makes mechanical presses in Windsor, Canada.5 Isgec Hitachi Zosen, a joint venture with Hitachi Zosen Corporation of Japan formed in 2012, makes critical and heavy process plant equipment at Dahej.67 It manufactures in Haryana, Uttar Pradesh and Gujarat in India, and through subsidiaries in Windsor, Canada and Cavite, Philippines.89
It was incorporated in 1933 and began making engineering goods in 1946.110 Its products and solutions have been supplied across 99 countries on 6 continents.1 Ranjit Puri and his son Aditya Puri are its promoters, and promoters held 62.43% of the shares at the end of Mar 2026.1112
Isgec Heavy Engineering key points
Results
- Consolidated total income for the quarter to Jun 2026 was ₹1,993 crore, about 45% higher than ₹1,374 crore a year earlier. EBITDA (earnings before interest, tax, depreciation and amortisation) was ₹137 crore, almost the same as a year earlier.13
- Consolidated profit before tax for the quarter to Jun 2026 was ₹53 crore, 18% higher than the ₹45 crore restated for the quarter to Jun 2025.14
- Consolidated revenue from operations for the year to Mar 2026 was ₹6,78,926 lakh, up 5.7%, and total income, which includes other income, was ₹6,92,228 lakh, up 7.1%.15
- Consolidated EBITDA for the year to Mar 2026 was ₹67,134 lakh (9.7% margin), against ₹56,612 lakh a year earlier (8.8% margin). Profit after tax was ₹15,404 lakh (2.2% margin), against ₹20,439 lakh (3.2% margin).16
Business segments
- Segment revenue, consolidated (Philippines ethanol plant not included)17
Item year to Mar 2026 year to Mar 2025 Manufacturing of Machinery & Equipment ₹2,76,460 lakh ₹2,50,030 lakh Industrial Projects ₹3,70,210 lakh ₹3,48,740 lakh Sugar & Ethanol (India) ₹88,360 lakh ₹88,400 lakh - EBIT margin by segment (EBIT is earnings before interest and tax)17
Item year to Mar 2026 year to Mar 2025 Manufacturing of Machinery & Equipment 13.8% 11.7% Industrial Projects 4.7% 4.6% Sugar & Ethanol (India) 4.5% 8.8% - The sugar and ethanol segment's EBIT margin fell by 430 basis points (hundredths of a percentage point), mainly because sugarcane crushing was 92 lakh quintals against 140 lakh quintals a year earlier, after excessive rainfall and a smaller crop area in Haryana.18
Where revenue comes from
Philippines ethanol plant
- Cavite Biofuel Producers, the group's ethanol plant in the Philippines, started commercial production for the sugar season on 17 Dec 2025, using sugarcane as feedstock (raw material), and ended sugarcane crushing on 20 Apr 2026. Since then it has run on molasses.2122
- The Philippines ethanol segment made a loss of ₹83 crore in the quarter to Jun 2026, mainly ₹37 crore of depreciation, ₹20 crore of interest and about ₹10 crore of foreign exchange fluctuation.23
- A planned sale of the Philippines business did not go through as the buyer could not pay. Consolidated profit after tax for the year to Mar 2026 includes a one-time depreciation catch-up of about ₹17,000.0 lakh on it.2425
Order book
What the company expects
- On its earnings call of 12 Aug 2026, the company said it expects standalone revenue for the year to Mar 2027 to increase by 10% to 12%.28
- On its earnings call of 12 Aug 2026, the company said it expects standalone EBIT margins of 12% to 13% in manufacturing and slightly better margins within 5% to 6% in projects.2930
- On its earnings call of 12 Aug 2026, the company said its board had approved ₹502 crore for manufacturing capacity additions, which could add about ₹1,200 crore of revenue a year when fully complete, with the full benefit largely from the year to Mar 2029.31
- On its earnings call of 12 Aug 2026, the company said it created a new division, Global Industrial Services and Solutions, for operations and maintenance, retrofit, spares and digitization, and hopes to double its existing operations and maintenance base in 2 years.3233
Recent events
Litigation and regulatory matters
- In its filing of 10 Apr 2026, the company said the Commission for Air Quality Management had permitted full operations at the Muzaffarnagar unit, which it ordered closed in May 2025 and which the National Green Tribunal let resume, with conditions, on 30 May 2025.3637
- As of its exchange filing of 21 May 2026, the Commissioner of Customs (NS-V), Maharashtra, had demanded customs duty of ₹2,76,66,845 with interest and imposed a penalty of ₹2,76,66,845; the company said it shall file an appeal.38
- As of its exchange filing of 27 Mar 2026, Saraswati Sugar Mills, a wholly owned subsidiary, had received an income tax order dated 25 Mar 2026 involving a demand of ₹18.80 crore, and said it was filing an appeal.3940
Last updated
All 40 sources, each with its page
- 1. Annual report, 3 Sep 2026, page 44
- 2. Annual report, 3 Sep 2026, page 95
- 3. Annual report, 3 Sep 2026, page 17
- 4. Annual report, 3 Sep 2026, page 44
- 5. Investor presentation, 12 Aug 2026, page 29
- 6. Annual report, 3 Sep 2026, page 4
- 7. Investor presentation, 12 Aug 2026, page 29
- 8. Annual report, 3 Sep 2026, page 7
- 9. Investor presentation, 12 Aug 2026, page 11
- 10. Annual report, 3 Sep 2026, page 4
- 11. Annual report, 3 Sep 2026, page 67
- 12. Annual report, 3 Sep 2026, page 80
- 13. Earnings call, 12 Aug 2026, page 4
- 14. Earnings call, 12 Aug 2026, page 4
- 15. Annual report, 3 Sep 2026, page 47
- 16. Annual report, 3 Sep 2026, page 47
- 17. Annual report, 3 Sep 2026, page 48
- 18. Annual report, 3 Sep 2026, page 48
- 19. Annual report, 3 Sep 2026, page 47
- 20. Earnings call, 12 Aug 2026, page 3
- 21. Earnings call, 12 Aug 2026, page 4
- 22. Annual report, 3 Sep 2026, page 56
- 23. Earnings call, 12 Aug 2026, page 5
- 24. Annual report, 3 Sep 2026, page 57
- 25. Annual report, 3 Sep 2026, page 10
- 26. Earnings call, 12 Aug 2026, page 4
- 27. Earnings call, 12 Aug 2026, page 3
- 28. Earnings call, 12 Aug 2026, page 5
- 29. Earnings call, 12 Aug 2026, page 5
- 30. Earnings call, 12 Aug 2026, page 3
- 31. Earnings call, 12 Aug 2026, page 8
- 32. Earnings call, 12 Aug 2026, page 5
- 33. Earnings call, 12 Aug 2026, page 16
- 34. Exchange filing, 25 Jun 2026, page 1
- 35. Annual report, 3 Sep 2026, page 56
- 36. Exchange filing, 10 Apr 2026, page 1
- 37. Exchange filing, 10 Apr 2026, page 3
- 38. Exchange filing, 21 May 2026, page 1
- 39. Exchange filing, 27 Mar 2026, page 1
- 40. Exchange filing, 27 Mar 2026, page 2
Results
Consolidated; ₹ crore.Isgec Heavy Engineering quarterly results
- Revenue growth, 12 monthsRevenue growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- +19.8%
- Net profit growth, 12 monthsNet profit growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- –
Quarter to Jun 2026, against the quarter before
- RevenueRevenue. The pill is the change in revenue against the quarter before: this period's figure divided by that one's, less one, in per cent.
- ₹1,980 Crdown 3.33%
- Net profitNet profit. The pill is the change in net profit against the quarter before: this period's figure divided by that one's, less one, in per cent. Net profit in the glossary
- ₹18 Crdown 79.40%
- Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax. Net margin in the glossary
- 0.9%
Revenue by quarter
Net profit by quarter, a loss in red
The quarters either side of a change of basis do not compare. From the quarter to Mar 2025, the company reports a discontinued business.
| ₹ crore | 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 |
| Net profit | 96 | 23 | 78 | 59 | 56 | 84 | 85 | 18 |
| Net margin | 5.8% | 1.5% | – | 4.4% | – | – | 4.1% | 0.9% |
Year to Mar 2026, against the year before
- RevenueRevenue. The pill is the change in revenue against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹6,789 Crup 5.71%
- Net profitNet profit. The pill is the change in net profit against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹154 Crdown 41.63%
- Net margin
- 2.3%
Revenue by year
Net profit by year, a loss in red
The years either side of a change of basis do not compare. From the year to Mar 2025, the company reports a discontinued business.
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 4,056 | 3,826 | 5,051 | 5,852 | 5,426 | 5,499 | 6,399 | 6,219 | 6,422 | 6,789 |
| Net profit | 248 | 168 | 144 | 151 | 253 | 115 | 206 | 255 | 264 | 154 |
| Net margin | 6.1% | 4.4% | 2.9% | 2.6% | 4.7% | 2.1% | 3.2% | 4.1% | – | 2.3% |
Business segments
Share of revenue, year to Mar 2026, consolidated.Segment revenue and profit
- Industrial ProjectsIndustrial Projects, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹3,702 Crup 6.16%50.4%
- Manufacturing of Machinery & EquipmentManufacturing of Machinery & Equipment, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹2,765 Crup 10.57%37.6%
- SugarSugar, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹688 Crup 1.59%9.4%
- EthanolEthanol, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹196 Crdown 5.43%2.7%
- Ethanol Plant at PhilippinesEthanol Plant at Philippines, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹2 Cr0.0%
Valuation
Today, against the company's own history. Not shown, P/E: a results filing in the last twelve months restated the quarters before it inside its year to date, so the four quarters as the company reported them do not add to a twelve-month profit; the ratio returns once the trailing year no longer holds a quarter from before the restatement. Its history crosses a change of basis in the accounts in the year to Mar 2025: days before it are of the company before the change.Isgec Heavy Engineering PE ratio and valuation
At or below today's level on 63% of 1,925 trading days since Nov 2018.
At or below today's level on 98% of 2,442 trading days over the last 10 years.
Where the return came from
Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.
| Over | Return a year | Earnings growth | Change in P/E | Dividend yield |
|---|---|---|---|---|
| 1 year | −17.2% | −56.3% | +88.0% | 0.7% |
| 3 years | +26.0% | −17.9% | +52.8% | 0.5% |
| 5 years | +12.1% | −15.2% | +31.5% | 0.5% |
Mutual fund holdings
11 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 1 of the 4 funds that added or cut is an index fund, an ETF or an arbitrage fund: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future.All 11 funds holding Isgec Heavy Engineering
- Bought for the first timeBought for the first time. Funds that held it at the month's end and had not held it in any month on record before.
- 1
- AddedAdded. Funds that held more shares than at the end of the month before.
- 3
- CutCut. Funds that held fewer shares than at the end of the month before.
- 1
- Held unchangedHeld unchanged. Funds that held the same number of shares as at the end of the month before.
- 6
- Sold outSold out. Funds that held it at the end of the month before and hold none at this month's end. Sold out in the glossary
- 1
| Fund | |||
|---|---|---|---|
| 44,98,108 | 0.49% | ₹397.2 Cr | |
| 11,52,756 | 0.49% | ₹101.8 Cr | |
| 2,60,000 | 0.78% | ₹23.0 Cr | |
| 1,72,687 | 0.77% | ₹15.3 Cr | |
| 1,66,672 | 1.06% | ₹14.7 Cr | |
| 1,11,137 | 1.51% | ₹9.81 Cr | |
| 91,863 | 0.36% | ₹8.11 Cr | |
| 83,237 | 0.61% | ₹7.35 Cr | |
| 22,483 | 0.38% | ₹1.99 Cr | |
| 19,808 | 0.10% | ₹1.75 Cr |
Isgec Heavy Engineering competitors and peers
Civil Construction, 170 listed companies, priced on 30 Oct 2026. The table lists the 8 companies closest to Isgec Heavy Engineering in market cap.Construction companies
Isgec Heavy Engineering is not on the chart: it has no P/E or return on equity today
| Company | ||||||||
|---|---|---|---|---|---|---|---|---|
| 7,304 | 7.17 | 0.78 | +25.1% | −7.7% | 11.4% | 11.7% | 0.33% | |
| 7,189 | 10.28 | 0.91 | −1.8% | −12.8% | 9.2% | 14.6% | 1.92% | |
| 6,839 | 17.48 | 2.72 | +15.8% | – | 16.7% | 19.1% | 0.07% | |
| 6,797 | 21.24 | 3.18 | +20.3% | – | 16.1% | 16.2% | 0.13% | |
| 6,105 | – | 0.89 | −18.8% | – | – | 9.2% | 0.27% | |
| 4,490 | 27.07 | 2.11 | −20.6% | 0.0% | 10.9% | 14.9% | 0.00% | |
| LCC ProjectsLCCPROJECT | 3,812 | – | 3.01 | – | – | – | – | 0.00% |
| 3,535 | 15.71 | 1.72 | +12.0% | +1.0% | 11.7% | 13.9% | 0.13% |
Dividends
Per share, by the year it was paid for, and the latest payments.Isgec Heavy Engineering dividend history
Dividend per share, ₹, restated for later splits and bonuses
Dividend per share. The dividends declared for the year, each restated to today's share count by the splits and bonuses after its own ex-date, added up. Dividend per share in the glossary| Ex-date | Type | Per share |
|---|---|---|
| 21 Sep 2026 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. Final dividend in the glossary | ₹6.00 |
| 8 Sep 2025 | Final | ₹5.00 |
| 21 Aug 2024 | Final | ₹4.00 |
| 14 Aug 2023 | Final | ₹3.00 |
| 12 Aug 2022 | Final | ₹2.00 |
| 8 Sep 2021 | Final | ₹1.00 |
Latest announcements
Routine notices left out.Isgec Heavy Engineering announcements
Oct 2026
21 Oct · Analysts
15 Oct · Board meeting
14 Oct · Analysts
13 Oct · Rating
8 Oct · Giving guarantees/indemnity/ becoming a surety for third party
5 Oct · Meeting
Isgec Heavy Engineering share price by year
Each calendar year to 2025.Isgec Heavy Engineering share price history
| Year | Close at year end | Change | Highest close | Lowest close |
|---|---|---|---|---|
| 2025 | 911.45 | −36.8% | 1,486.90 | 756.35 |
| 2024 | 1,442.55 | +47.0% | 1,610.35 | 822.95 |
| 2023 | 981.40 | +105.0% | 981.40 | 422.50 |
| 2022 | 478.80 | −21.2% | 693.45 | 441.35 |
| 2021BSE close | 607.70 | +84.2% | 854.75 | 339.70 |
| 2020BSE close | 329.95 | −4.8% | 411.40 | 209.20 |
| 2019BSE close | 346.70 | – | 605.00 | 312.95 |
Recent sessions
The 9 trading days to 29 Oct 2026, as traded on NSE; the latest is at the top of the page.
| Date | Open | High | Low | Close | Average price | Volume | Delivery |
|---|---|---|---|---|---|---|---|
| 29 Oct 2026 | 902.00 | 925.00 | 900.60 | 918.15 | 913.84 | 22,309 | 48.1% |
| 28 Oct 2026 | 914.20 | 922.50 | 897.15 | 901.20 | 902.25 | 40,597 | 69.1% |
| 27 Oct 2026 | 889.00 | 920.65 | 883.30 | 914.40 | 912.18 | 29,673 | 49.8% |
| 26 Oct 2026 | 870.00 | 899.10 | 850.50 | 887.25 | 879.16 | 30,949 | 55.9% |
| 23 Oct 2026 | 890.05 | 890.05 | 849.90 | 869.95 | 865.31 | 52,692 | 48.6% |
| 22 Oct 2026 | 880.00 | 902.40 | 873.80 | 890.05 | 888.90 | 44,859 | 51.6% |
| 21 Oct 2026 | 899.75 | 904.25 | 885.75 | 896.40 | 898.14 | 77,717 | 55.0% |
| 19 Oct 2026 | 902.00 | 911.65 | 876.20 | 899.75 | 899.92 | 69,857 | 57.2% |
| 16 Oct 2026 | 914.00 | 914.00 | 895.00 | 899.75 | 902.37 | 27,789 | 53.2% |
Price adjustments
What the price chart is corrected for, so it reads as one share held throughout.Buyback history
| Ex-date | Event | Price factor | What happened |
|---|---|---|---|
| 28 Mar 2019 | Price move | – | Between two trading sessions the price fell 47% or more, or rose 90% or more. No corporate action is on record. Earlier prices are not shown. |
Company details
- NSE symbol
- ISGEC
- BSE code
- 533033
- ISIN
- INE858B01029
- Industry
- Construction
- Website
- www.isgec.com
- CIN
- L23423HR1933PLC000097
- Corporate identity number, the registrar of companies' code for it
- Incorporated
- 1933
- Registered office
- Radaur Road, Yamuna Nagar 135001, Haryana
- Share registrar
- Alankit Assignments Ltd
- Keeps the register of shareholders and handles transfers and dividend payments