Is Isgec Heavy Engineering (ISGEC) overvalued or fairly valued?

MarketChacha shows Isgec Heavy Engineering's valuation in context — a price-to-book of about 2.4 — alongside its revenue and profit growth and whether reported profit converts into operating cash, so you can judge value for yourself. MarketChacha does not issue ratings, price targets, or buy/sell advice.

What is Isgec Heavy Engineering's revenue?

Isgec Heavy Engineering reported revenue of ₹5,229 Cr for FY2026, with net profit of ₹347 Cr, per official filings.

What is the share price of Isgec Heavy Engineering (ISGEC)?

Isgec Heavy Engineering last traded at ₹899.75 (0.0% on the day), as of 10/19/2026 — a delayed quote shown for education, not investment advice.

Isgec Heavy Engineering

ISGEC · NSE · Capital Goods · India

Snapshot

TickerISGEC

ExchangeNSE

SectorCapital Goods

IndustrySpecialty Industrial Machinery

CountryIndia

Employees3,396

HeadquartersNoida, India

Websitewww.isgec.com

Filings tracked6

About Isgec Heavy Engineering

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.

Who owns it

Promoters63.2%
Institutions11.7%
Public & other25.1%

22 institutional holders

Ownership breakdown from public market data. Promoter pledge is not included here — that comes from exchange shareholding filings.

Forensic scorecard

No major accounting red flags in the fundamentals we have — profit is backed by cash and returns look healthy.

Net margin trend2.5% → 6.6%

Margin has expanded by about 4.1 points — the business is getting more profitable.

Growth qualityrev 4% · PAT 45%

Profit growth is broadly tracking revenue growth — the earnings trend looks operational rather than one-off.

Computed by MarketChacha from reported figures (BSE (official results filing)). Education, not a rating or recommendation.

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Financials at a glance

Source: BSE (official results filing)

Annual

Quarterly · last 7

Revenue (FY2026)

₹5,229 Cr

Net margin

6.6%

Revenue CAGR (4y)

+4.0%

Profit CAGR (3y)

+45.4%

EPS (FY2026)

47.16

Net profit (FY2026)

₹347 Cr

Ask MarketChacha about ISGEC

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Financials

Yearly

Period	Revenue	Net profit	EPS	Net margin
FY2026	₹5,229 Cr	₹347 Cr	47.16	6.6%
FY2025	₹6,422 Cr	—	—	—
FY2024	₹4,861 Cr	₹232 Cr	—	4.8%
FY2023	₹4,687 Cr	₹178 Cr	—	3.8%
FY2022	₹4,471 Cr	₹113 Cr	—	2.5%

Quarterly

Period	Revenue	Net profit	EPS	Net margin
Q1 FY27	₹1,980 Cr	₹18 Cr	1.22	0.9%
Q4 FY26	₹2,048 Cr	₹85 Cr	9.96	4.1%
Q3 FY26	₹1,327 Cr	₹75 Cr	10.22	5.7%
Q3 FY25	₹1,497 Cr	—	—	—
Q2 FY25	₹1,644 Cr	—	—	—
Q1 FY25	—	₹65 Cr	—	—
Q2 FY24	₹1,473 Cr	—	—	—

Figures as reported, in ₹ (crore). Source: BSE (official results filing).

Filings & announcements

2026

Change in Management
Resignation of Chief Human Resources Officer of the Company
BSE9/21/2026
Change in Management
Change in Senior Management-Appointment
BSE9/15/2026
Record Date For The Purpose Of Dividend For The Financial Year Ended On March 31, 2026
Record Date for the purpose of Dividend for the financial year ended on March 31, 2026
BSE8/11/2026
Outcome Of The Board Meeting Held On August 11, 2026
Outcome of the Board Meeting held on August 11, 2026
BSE8/11/2026
Board Meeting Outcome for Outcome Of The Board Meeting Held On August 11, 2026
Outcome of the Board Meeting held on August 11, 2026
BSE8/11/2026
Change in Management
Intimation for appointment of Mr. Gaurav Sharma as Senior Management Personnel
BSE8/3/2026

In the news

Education and discussion only — not investment advice. Financials from official filings (SEC/BSE) and reported company statements; market figures (delayed market data) are delayed and shown for reference only. Verify with the linked sources before acting.