ISGEC Heavy Engineering Limited

BSE: ISGEC533033ISIN INE858B01029

Industrials
Civil Construction
BSE 1000

Share price

₹944.10+28.70 (+3.14%)

as of 4 Nov 2026

Prices adjusted for splits and bonuses; cash dividends excluded. Volume shows actual shares traded.

52W high: ₹1,124.00
52W low: ₹682.75
Off 52W high: -16.01%
1M return: +4.89%
3M return: +13.47%
6M return: -12.11%
1Y return: +7.10%
20D avg volume: 2,751
50 DMA: ₹853.65
200 DMA: ₹891.41

Key ratios Consolidated

Market cap: ₹6,942 Cr
Current price: ₹944.10
52W high / low: ₹1,124.00 / ₹682.75
Face value: ₹1.00
P/E: 27.43
P/B: 2.51
EPS (TTM): ₹34.42
Book value / share: ₹376.65
ROE: —
ROCE: 10.50%
Operating margin: —
Net margin: —
Debt / equity: 0.32
Net debt: ₹593.85 Cr
Interest cover: 4.62
Dividend yield: 0.64%
Dividend / share (TTM): ₹6.00
Payout: 17.43%
Cash conversion cycle: 172.2 days

Financials

Metric	Q2 FY27	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24
Income statement
	1,850	1,980	2,048	1,739	1,691	1,341	1,744	1,497	1,644	1,540	1,868	1,493
	9.25	13.46	62.70	17.79	34.38	17.80	2.63	4.33	23.52	8.87	4.01	5.27
	1,860	1,993	2,111	1,756	1,725	1,359	1,747	1,501	1,667	1,549	1,872	1,498
	1,757	1,941	1,980	1,589	1,590	1,263	1,617	1,449	1,540	1,452	1,770	1,409
	491.89	492.57	673.56	611.74	406.46	298.31	687.50	572.68	436.81	317.12	698.95	579.68
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	360.29	485.94	449.37	668.43	369.56
	203.55	178.75	175.19	169.38	167.90	143.28	141.45	142.21	140.93	130.45	130.15	131.58
	17.72	19.37	20.11	16.72	19.20	16.36	13.39	19.62	8.46	11.23	11.01	12.96
	36.65	64.80	67.64	27.85	26.64	25.91	11.57	50.74	26.73	25.85	28.20	27.04
	952.17	1,042	1,116	917.16	859.75	698.91	960.40	243.75	216.12	213.49	267.93	200.46
	102.26	52.89	130.78	166.90	135.94	95.73	129.72	52.18	127.44	96.56	102.40	88.61
	0.00	0.00	0.00	-16.49	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	102.26	52.89	130.78	150.41	135.94	95.73	129.72	52.18	127.44	96.56	102.40	88.61
	36.13	35.40	45.80	38.24	37.94	31.79	31.66	29.08	31.84	29.31	30.36	22.10
	66.19	17.50	84.97	84.44	56.28	58.63	77.96	23.10	95.70	67.17	72.06	66.58
	7.67	1.22	9.96	13.26	11.65	7.83	12.40	2.73	12.59	8.90	9.70	8.42
Key metrics
	156.63	137.06	218.53	194.98	181.78	138.00	154.68	122.54	162.63	133.64	141.61	128.61
	8.50%	6.90%	10.70%	11.20%	10.70%	10.30%	8.90%	8.20%	9.90%	8.70%	7.60%	8.60%
	3.60%	0.90%	4.10%	4.90%	3.30%	4.40%	4.50%	1.50%	5.80%	4.40%	3.90%	4.50%
	3.10%	—	4.00%	—	4.20%	—	3.90%	—	—	—	—	—
	9.40%	47.70%	17.40%	16.20%	2.90%	-12.90%	-6.60%	0.30%	—	—	—	—
	17.60%	-70.20%	9.00%	265.50%	-41.20%	-12.70%	8.20%	-65.30%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22
Income statement
	7,617	6,789	6,422	6,219	6,399	5,499
	103.20	133.02	39.34	25.90	12.67	13.24
	7,720	6,922	6,462	6,245	6,412	5,513
	7,268	6,598	5,984	5,891	6,122	5,354
	2,270	1,995	2,011	1,998	1,841	1,593
	0.00	0.00	0.00	1,874	1,807	2,001
	726.87	666.42	555.56	507.14	462.55	433.03
	73.92	85.10	39.30	63.68	72.99	65.16
	196.94	278.34	102.03	106.24	104.30	101.36
	4,027	3,614	3,341	867.49	927.83	736.13
	452.83	324.31	477.41	354.04	289.99	158.08
	-16.49	-16.49	0.00	0.00	0.00	0.00
	436.34	307.82	477.41	354.04	289.99	158.08
	155.57	153.86	121.71	99.29	84.49	43.11
	253.10	154.04	263.92	254.87	205.54	114.99
	32.11	14.81	46.37	33.14	26.72	14.80
Key metrics
	707.20	671.26	618.74	523.96	467.28	324.60
	9.28%	9.90%	9.60%	8.40%	7.30%	5.90%
	3.32%	2.30%	4.10%	4.10%	3.20%	2.10%
	—	10.50%	14.00%	—	—	—
	21.43%	5.70%	3.30%	-2.80%	16.40%	—
	17.19%	-41.60%	3.60%	24.00%	78.70%	—
	—	584.89	-131.27	—	—	—
	—	4.87	0.41	—	—	—
	—	0.32	0.30	—	—	—
	—	593.85	750.78	—	—	—
	—	172.2	174.0	—	—	—
Balance sheet
	—	8,077	8,041	—	—	—
	—	6,034	5,871	—	—	—
	—	324.22	92.36	—	—	—
	—	2,751	2,833	—	—	—
	—	1,653	1,477	—	—	—
	—	1,133	1,293	—	—	—
	—	1,737	920.83	—	—	—
	—	1,200	1,249	—	—	—
	—	4,347	4,349	—	—	—
	—	918.07	843.14	—	—	—
	—	400.65	621.96	—	—	—
	—	517.42	221.18	—	—	—
	—	2,888	2,849	—	—	—
Cash flow
	—	749.99	108.61	—	—	—
	—	-115.62	-296.54	—	—	—
	—	-341.25	108.40	—	—	—
	—	165.10	239.88	—	—	—

Metric	Q2 FY27	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24
Income statement
	1,457	1,553	1,675	1,327	1,243	983.80	1,444	1,119	1,240	1,215	1,550	1,067
	64.25	32.28	80.92	38.37	49.63	61.11	9.82	8.56	14.79	27.94	6.25	4.95
	1,521	1,585	1,756	1,365	1,293	1,045	1,454	1,128	1,255	1,243	1,556	1,072
	1,367	1,462	1,623	1,252	1,181	933.00	1,364	1,049	1,145	1,132	1,460	1,012
	324.91	316.02	347.38	335.48	268.68	210.77	292.84	233.77	288.76	247.21	311.30	251.22
	487.45	573.27	593.49	456.71	425.24	346.97	0.00	368.22	474.93	450.82	638.19	387.07
	159.25	136.21	129.33	130.84	129.35	111.23	109.35	105.91	107.89	100.57	98.50	98.43
	14.11	15.51	17.08	12.57	13.10	7.51	6.04	3.41	3.38	3.36	6.21	9.58
	19.39	18.28	19.31	19.07	18.11	17.41	17.83	17.07	16.53	15.84	17.50	17.27
	396.45	398.43	472.24	375.73	362.82	299.31	889.79	181.41	172.92	156.60	222.43	151.38
	154.31	122.86	132.62	112.99	111.42	111.91	89.20	78.47	109.26	111.37	96.44	59.70
	0.00	0.00	0.00	-14.03	0.00	0.00	0.00	—	—	—	—	—
	154.31	122.86	132.62	98.96	111.42	111.91	89.20	78.47	109.26	111.37	96.44	59.70
	36.17	30.84	32.00	23.79	27.05	25.32	26.03	19.81	25.85	22.87	25.67	15.54
	118.14	92.02	100.62	75.17	84.37	86.59	63.17	58.66	83.41	88.50	70.77	44.16
	16.06	12.52	13.69	10.22	11.47	11.78	8.59	7.98	11.34	12.04	9.62	6.01
Key metrics
	187.81	156.65	169.01	130.60	142.63	136.83	113.07	98.95	129.17	130.57	120.15	86.55
	12.90%	10.10%	10.10%	9.80%	11.50%	13.90%	7.80%	8.80%	10.40%	10.70%	7.80%	8.10%
	8.10%	5.90%	6.00%	5.70%	6.80%	8.80%	4.40%	5.20%	6.70%	7.30%	4.60%	4.10%
	4.70%	—	4.30%	—	3.80%	—	3.40%	—	—	—	—	—
	17.20%	57.90%	16.00%	18.60%	0.30%	-19.10%	-6.80%	4.90%	—	—	—	—
	40.00%	6.30%	59.30%	28.10%	1.20%	-2.20%	-10.70%	32.80%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22
Income statement
	6,011	5,229	5,018	4,861	4,652	4,444
	215.82	230.03	61.11	44.74	34.99	26.04
	6,227	5,459	5,079	4,906	4,687	4,470
	5,704	4,990	4,691	4,602	4,453	4,323
	1,324	1,162	1,063	1,012	924.63	756.74
	2,111	1,822	0.00	1,899	1,810	2,009
	555.63	500.75	432.40	380.88	343.00	318.69
	59.27	50.26	16.19	40.68	37.01	22.66
	76.05	73.90	67.27	66.62	63.11	65.39
	1,643	1,510	3,139	682.95	681.22	582.37
	522.78	468.94	388.30	303.90	234.40	147.06
	-14.03	-14.03	0.00	—	—	—
	508.75	454.91	388.30	303.90	234.40	147.06
	122.80	108.16	94.56	72.19	56.47	34.24
	385.95	346.75	293.74	231.71	177.93	112.82
	52.49	47.16	39.95	31.51	24.20	15.34
Key metrics
	644.07	579.07	471.76	411.20	334.52	235.11
	10.71%	11.10%	9.40%	8.50%	7.20%	5.30%
	6.42%	6.60%	5.90%	4.80%	3.80%	2.50%
	—	14.60%	14.30%	—	—	—
	25.50%	4.20%	3.20%	4.50%	4.70%	—
	31.82%	18.00%	26.80%	30.20%	57.70%	—
	—	197.20	246.38	—	—	—
	—	1.00	1.26	—	—	—
	—	0.24	0.11	—	—	—
	—	450.68	193.48	—	—	—
	—	190.3	194.7	—	—	—
Balance sheet
	—	7,044	5,969	—	—	—
	—	5,027	4,625	—	—	—
	—	215.46	67.53	—	—	—
	—	2,872	3,014	—	—	—
	—	1,039	795.59	—	—	—
	—	791.94	618.23	—	—	—
	—	485.50	470.46	—	—	—
	—	1,184	1,133	—	—	—
	—	3,576	3,136	—	—	—
	—	666.14	261.01	—	—	—
	—	192.13	52.38	—	—	—
	—	474.01	208.63	—	—	—
	—	2,734	2,417	—	—	—
Cash flow
	—	347.85	369.13	—	—	—
	—	-511.37	-545.35	—	—	—
	—	311.45	180.76	—	—	—
	—	150.65	122.75	—	—	—

Compounded growth

Standalone

Sales CAGR 3Y: +3.97%
Sales CAGR 5Y: —
Profit CAGR 3Y: +24.91%
Profit CAGR 5Y: —
Sales YoY (TTM): +25.50%
Profit YoY (TTM): +31.82%

Consolidated

Sales CAGR 3Y: +1.99%
Sales CAGR 5Y: —
Profit CAGR 3Y: -9.17%
Profit CAGR 5Y: —
Sales YoY (TTM): +21.43%
Profit YoY (TTM): +17.19%

Compounded from reported annual figures. We publish no share-price CAGR: our prices are as-traded, so one would be wrong across every split and bonus issue.

Shareholding as of 30 Sep 2026

Promoter holding: 62.44%

Quarter	September 2026	June 2026
Promoter %	62.44%	62.44%

Holder	Type	Holding	Previous	Change
THE YAMUNA SYNDICATE LTD	Promoter Group	45.00%	45.00%	0.00%
RANJIT PURI	Promoter	8.97%	8.97%	0.00%
NIPPON LIFE INDIA TRUSTEE LTD-A/C NIPPON INDIA SMALL CAP FUND	Public	6.47%	6.83%	-0.36%
ADITYA PURI	Promoter	6.21%	6.21%	0.00%
N. A. COLD STORAGES PVT. LTD.	Promoter Group	2.04%	2.04%	0.00%
BANDHAN LARGE & MID CAP FUND	Public	1.95%	1.69%	+0.26%
SHRI PARASRAM HOLDINGS PRIVATE LIMITED	Public	1.21%	1.21%	0.00%
NINA PURI	Promoter	0.22%	0.22%	0.00%
AKSHAY BHAN	Promoter Group	0.00%	0.00%	0.00%
ASHOK BHAN	Promoter Group	0.00%	0.00%	0.00%
NAYNA PURI	Promoter Group	0.00%	0.00%	0.00%
MITCHELL PETER YOUNG	Promoter Group	0.00%	0.00%	0.00%
MADHU JAIN	Promoter Group	0.00%	0.00%	0.00%
RANJIT PURI HUF	Promoter Group	0.00%	0.00%	0.00%
TANVI PURI	Promoter Group	0.00%	0.00%	0.00%

Public shareholders are disclosed individually only above 1%.

Peer comparison

Company	Mkt cap (₹ Cr)	Price (₹)	P/E	ROCE	Sales YoY	Profit YoY	1Y return
Larsen & Toubro Limited	5,41,567	3,936.05	25.92	13.20%	+11.15% TTM	+9.38% TTM	+0.38%
Rail Vikas Nigam Limited	39,866	191.20	44.50	10.30%	+5.40% TTM	-24.84% TTM	-41.30%
Cemindia Projects Limited	24,136	1,308.75	40.12	40.00%	+10.02% TTM	+46.60% TTM	+51.63%
KALPATARU PROJECTS INTERNATIONAL LIMITED	23,312	1,365.10	20.66	20.50%	+14.56% TTM	+61.94% TTM	+3.93%
NBCC (India) Limited	21,006	77.80	27.44	29.70%	+3.51% TTM	+30.78% TTM	-31.72%
IRB Infrastructure Developers Limited	20,303	16.81	21.28	6.00%	-2.20% TTM	-85.42% TTM	-24.80%
Engineers India Ltd.	16,901	300.70	18.83	26.60%	+6.00% TTM	+66.97% TTM	+52.21%
Techno Electric & Engineering Company Limited	10,302	885.80	23.90	12.80%	+38.72% TTM	-6.49% TTM	-32.09%
IRCON International Ltd	9,717	103.32	20.09	7.30%	-2.58% TTM	-19.18% TTM	-38.54%
RITES Limited	9,470	197.05	20.53	18.30%	+10.59% TTM	-0.32% TTM	-20.93%
Welspun Enterprises Limited	9,395	678.75	27.00	14.60%	+0.63% TTM	+0.78% TTM	+20.42%
KEC International Ltd.	8,554	321.35	20.24	20.30%	-1.94% TTM	-38.14% TTM	-60.26%
Afcons Infrastructure Limited	7,768	211.20	54.08	11.60%	-11.87% TTM	-73.03% TTM	-52.52%
NCC Limited	7,616	121.30	10.18	17.50%	-1.81% TTM	-12.01% TTM	-41.04%
G R Infraprojects Limited	7,422	767.10	7.31	12.50%	+25.06% TTM	-7.95% TTM	-33.27%
Power Mech Projects Limited	7,111	2,249.10	16.91	21.20%	+15.79% TTM	+14.76% TTM	-8.84%
Ceigall India Limited	6,957	399.35	21.65	17.60%	+20.31% TTM	+23.56% TTM	+60.28%
ISGEC Heavy Engineering Limited	6,942	944.10	27.43	10.50%	+21.43% TTM	+17.19% TTM	+7.10%
Dilip Buildcon Limited	6,485	399.20	5.17	22.20%	-18.82% TTM	+29.15% TTM	-21.95%
Hindustan Construction Co. Ltd.	4,904	18.72	29.56	17.20%	-20.64% TTM	+0.03% TTM	—
LCC PROJECTS LIMITED	3,925	135.50	13.85 FY26	—	+23.37% FY26	+28.09% FY26	—
Ahluwalia Contracts (India) Ltd	3,555	530.75	15.80	15.80%	+12.00% TTM	+1.04% TTM	-42.18%
STERLING AND WILSON RENEWABLE ENERGY LIMITED	3,509	150.25	16.46	-9.60%	-9.04% TTM	+158.14% TTM	-36.00%
PNC Infratech Limited	3,293	128.35	5.22	13.50%	+1.82% TTM	-21.49% TTM	-54.49%
Vindhya Telelinks Ltd.	3,242	2,735.95	13.67	4.00%	-17.53% TTM	+2.25% TTM	+99.79%

Some figures use IPO-document inputs. Growth periods are shown per value; FY means annual.

Filings & corporate actions

Recent announcements

Intimation for revision in Policy for Determination of Materiality of Events4 Nov 2026 · Company Update / General
Financial Results for the quarter and half year ended September 30, 20264 Nov 2026 · Result / Financial Results
Outcome of the Board Meeting held on November 04, 20264 Nov 2026 · Board Meeting / Outcome of Board Meeting
Intimation of Schedule of Investor''s Conference Call/ Meet21 Oct 2026 · Company Update / Analyst / Investor Meet
ISGEC Heavy Engineering Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 04/11/2026 ,inter alia, to consider and approve the Unaudited Financial ....15 Oct 2026 · Board Meeting / Board Meeting
Intimation of Schedule of Investor Meet with Bandhan Mutual Fund14 Oct 2026 · Company Update / Analyst / Investor Meet
Intimation regarding Issuance of Credit Rating to Isgec Hitachi Zosen Limited, Subsidiary and Joint Venture Company of Isgec Heavy Engineering Limited13 Oct 2026 · Company Update / Credit Rating
Confirmation Certificate pursuant to Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 20189 Oct 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Issuance of Letter of Comforts8 Oct 2026 · Company Update / General
Issuance of Letter of Comforts8 Oct 2026 · Company Update / General
Transcript of the 93rd Annual General Meeting5 Oct 2026 · Company Update / General
Newspapers Publication/ Advertisement5 Oct 2026 · Company Update / Newspaper Publication
Appointment of Ms. Mahua Chakrabarty as Chief Human Resources Officer (Senior Management Personnel) of the Company with effect from October 01, 20261 Oct 2026 · Company Update / Change in Management
Intimation of ESG rating by Crisil ESG Ratings and Analytics Limited30 Sep 2026 · Company Update / General
Declaration of Voting Results along with Scrutinizer''s Report- 93rd Annual General Meeting held on September 28, 202629 Sep 2026 · AGM/EGM / AGM
Proceedings of 93rd Annual General Meeting28 Sep 2026 · AGM/EGM / AGM
Intimation regarding closure of Trading Window for the quarter and half year ending September 30, 202622 Sep 2026 · Insider Trading / SAST / Closure of Trading Window
Resignation of Chief Human Resources Officer of the Company21 Sep 2026 · Company Update / Change in Management
Intimation of schedule of Investor Meeting17 Sep 2026 · Company Update / Analyst / Investor Meet
Change in Senior Management-Appointment15 Sep 2026 · Company Update / Change in Management
Intimation regarding copy of Newspapers Advertisement/ Publication11 Sep 2026 · Company Update / Newspaper Publication
Intimation of Schedule of Investor Meet with Green Lantern Capital LLP9 Sep 2026 · Company Update / Analyst / Investor Meet
Intimation of Schedule of Investor Meet with Sunidhi Securities9 Sep 2026 · Company Update / Analyst / Investor Meet
Business Responsibility and Sustainability Report for the financial year 2025-263 Sep 2026 · Others / Business Responsibility and Sustainability Reporting (BRSR)
Annual Report for the financial year 2025-263 Sep 2026 · Others / Reg. 34 (1) Annual Report
Notice of the 93rd Annual General Meeting and the Annual Report for the financial year 2025-263 Sep 2026 · AGM/EGM / AGM
Intimation regarding letter sent to the shareholders holding shares in physical form regarding mandatory furnishing of PAN, KYC (including bank Account details) and Nomination details1 Sep 2026 · Company Update / General
Copies of Newspaper Advertisement/ Publications regarding the 93rd Annual General Meeting (AGM) to be held through video Conferencing (VC) Facility or Other Audio Visual Means (OAVM)27 Aug 2026 · Company Update / Newspaper Publication
Transcript of the Conference Call/ Meet to discuss the financial results of the Company for the quarter ended June 30, 202618 Aug 2026 · Company Update / Earnings Call Transcript
Intimation of Audio Recording of Earnings Call12 Aug 2026 · Company Update / Analyst / Investor Meet
Newspaper Publication of Unaudited Financial Results for the quarter ended June 30, 202612 Aug 2026 · Company Update / Newspaper Publication
Investor(s) Presentation on financial performance of the Company for the quarter ended June 30, 202612 Aug 2026 · Company Update / Investor Presentation
Record Date for the purpose of Dividend for the financial year ended on March 31, 202611 Aug 2026 · Corp. Action / Record Date
Outcome of the Board Meeting held on August 11, 202611 Aug 2026 · Result / Financial Results
Outcome of the Board Meeting held on August 11, 202611 Aug 2026 · Board Meeting / Outcome of Board Meeting
Intimation of Newspaper Publication for opening of Special Window4 Aug 2026 · Company Update / Newspaper Publication
Intimation for Schedule of Investors'' Conference Call/Meet on financial results of the Company for the quarter ended June 30, 20264 Aug 2026 · Company Update / Analyst / Investor Meet
Intimation for appointment of Mr. Gaurav Sharma as Senior Management Personnel3 Aug 2026 · Company Update / Change in Management
ISGEC Heavy Engineering Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 11/08/2026 ,inter alia, to consider and approve Unaudited Standalone ....30 Jul 2026 · Board Meeting / Board Meeting
Confirmation Certificate pursuant to Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 20189 Jul 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018

Corporate actions

Purpose	Ex date	Record date	Payment date
Dividend - Rs. - 6.0000	21 Sep 2026	21 Sep 2026	—
Final Dividend - Rs. - 5.0000	8 Sep 2025	9 Sep 2025	—
Dividend - Rs. - 4.0000	21 Aug 2024	21 Aug 2024	—

Board meetings

4 Nov 2026 Board Meeting - Financial Results
11 Aug 2026 Board Meeting - Financial Results