ISGECIndustrials

Isgec Heavy Engineering Limited

Civil Construction · ISIN INE858B01029 · BSE 533033 · NSE EQ · FV ₹1
Last price
₹770
+1.39%today
What this company does

Isgec Heavy Engineering Limited operates in Civil Construction, part of the Industrials sector. It booked ₹1,980 cr of revenue in its latest quarter (Q1 FY27) and kept 0.5% of sales as profit.

Our Glorious Legacy and Key Milestones While our portfolio and scale have grown exponentially, the foundational principles of Isgec remain steadfast.
In the report:
53out of 100
Equitytale Health Score
Mixed

Healthier than 53% of companies in Industrials, on all six measures of filed financials. Each measure is ranked against the 51–290 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
43

At close. Not part of the score.

Profitability & returns20

How much profit it earns on the money it employs

Balance sheet45

How much it owes, and whether earnings cover the interest

Cash quality79

Whether reported profit actually arrives as cash

Growth & consistency45

Whether sales and profit have grown, and how steadily

Valuation72

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Is this company doing well?
not investment advice
Strengths
Makes a profit
Sales up 48% vs last year
Promoters hold 62%
No promoter shares pledged
Turns profit into real cash
Watch-outs
! Thin 0.5% net margin
! Profit down 83% vs last year
! Low 1.3% return on equity

What if I invest in ISGEC?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 15% a year, it would become
₹26.30 lakh

The slider starts at 15%, taken from this company's own free-cash-flow trend. That is history, not a forecast — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹770 +1.39%
latest close · 2026-09-17
1-year return
+10.2%
52-wk low ₹42552-wk high ₹890
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio157.7High
LowAverageHigh
P/B ratio2.07Moderate
Below bookModerateHigh
EV / EBITDA11.4Average
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity1.3%Weak
WeakFairStrong ▸15%
Return on capital7.7%Weak
WeakFairStrong
Net margin0.5%Thin
ThinDecentStrong
EBITDA margin6.9%Thin
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.32Comfortable
LowModerateHigh ▸1
Interest cover3.7×Okay
RiskyOkayStrong ▸5×
Current ratio1.39Healthy
Tight ◂1HealthyAmple
More figures
Market cap
₹5,657 cr
Book value
₹372
EPS
₹1.22
latest quarter
Net debt
₹594 cr
owes more than its cash
Enterprise value
₹6,250 cr
EBITDA
₹548 cr
annualised
EBIT
₹289 cr
annualised
Operating margin
3.6%
Return on assets
0.4%
Earnings yield
0.63%
P/S
0.71
Sales / share
₹1,077.6
Tax rate
66.9%
Face value
₹1
Shares
7.4 cr
Working capital
₹1,687 cr
Current assets
₹6,034 cr
Current liabilities
₹4,347 cr
Delivery %
53.6%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2025 report & filings
not investment advice
Slightly expensiveMedium confidence
Median of 2 models ₹656 vs market price ₹770 — price is 17% above it
Safety cushion-17.3%(target ≥ +20%)
Models span ₹578₹735, midpoint ₹656
Model ₹656
Price ₹770
Cheap sideExpensive side

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹1,980 cr
Other Income₹13 cr
Total Income₹1,993 cr
Cost of Materials₹493 cr
Purchases of Stock-in-Trade₹0 cr
Inventory Change (±)₹143 cr
Employee Benefit Expense₹179 cr
Finance Costs₹19 cr
Depreciation & Amortisation₹65 cr
Other Expenses₹1,042 cr
Total Expenses₹1,941 cr
Profit before Tax₹53 cr
Tax Expense₹35 cr
Share of JV / Associates₹1 L
Net Profit₹18 cr
Net margin on total income0.9%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹636 cr31.9%
Employee benefit expense₹179 cr9.0%
Finance costs₹19 cr1.0%
Depreciation & amortisation₹65 cr3.3%
Other expenses₹1,042 cr52.3%
Tax expense₹35 cr1.8%
Profit for the period₹18 cr0.9%
Total income ₹1,993 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue1,739 cr2,048 cr1,980 cr
Total income1,756 cr2,111 cr1,993 cr
Expenses1,589 cr1,980 cr1,941 cr
Profit before tax150 cr131 cr53 cr
Tax38 cr46 cr35 cr
Net profit (owners' share)70 cr73 cr9 cr
Net margin (owners' share, on revenue)4.0%3.6%0.5%
EPS (₹)13.269.961.22
YoY (latest quarter): total income +46.7% · net profit -82.9%
Balance sheet & cash flow · as of Mar 2026
Low debt
Total assets
₹8,077 cr
Shareholder equity
₹2,737 cr
parent shareholders
Total debt
₹918 cr
Cash
₹324 cr
Cash flow · H1 FY26
Operating
₹394 cr
Investing
₹-26 cr
Financing
₹-329 cr
Peer comparison
Civil Construction · by market value
CompanyPriceMarket capP/E
Larsen & Toubro Limited₹3,836₹5.28 L cr32.0
Rail Vikas Nigam Limited₹202₹42,055 cr66.3
Kalpataru Projects International Limited₹1,399₹23,900 cr19.3
IRB Infrastructure Developers Limited₹19₹22,767 cr18.9
NBCC (India) Limited₹82₹22,175 cr36.0
Cemindia Projects Limited₹1,255₹21,563 cr38.3
Engineers India Limited₹264₹14,824 cr23.5
Techno Electric & Engineering Company Limited₹985₹11,452 cr30.7
KEC International Limited₹402₹10,700 cr36.8
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
trailing 12 months
Dividend / share (TTM)
Last dividend
₹5
ex 8 Sep 2025
ActionDetailEx-date
Dividend₹5 / share8 Sep 2025
Dividend₹4 / share21 Aug 2024
Dividend₹3 / share14 Aug 2023
Dividend₹2 / share12 Aug 2022
Dividend₹1 / share8 Sep 2021
Dividend₹2 / share24 Feb 2021
Who owns it · 2026-06-30
No pledge
Promoter
62.4%
FII / Foreign
3.8%
DII / Domestic
10.2%
Retail / others
23.6%
Smart-money activity
Insider trades
SoldVANI PRASAD · Immediate relative2,500 · ₹19.8 L11 Sep 23
SoldBHUPENDER KUMAR KASHYAP · -20 · ₹9,36325 Aug 22
SoldVANI PRASAD · Immediate relative1,000 · ₹47824 Jun 22
Bulk / block deals
short · NSE2024 Jul 26
short · NSE3820 Jul 26
short · NSE127 Jun 25
Stake changes
BoughtNippon Life India Trustee Limited a/c→ 5.96% · 8.33 L20 Feb 25
BoughtNippon Life India Trustee Limited A/c through various schemes of Nippon India Mutual Fund→ 5.96% · 8.33 L20 Feb 25
What shareholders were asked to approve
1 proposal passed only on promoter votes

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Postal ballot · 27 Mar 2026
See the official result
1
Re-appointment of Mr. Aditya Puri (DIN: 00052534), as Managing Director of the Company for a period of five (05) years, commencing from May 01, 2026 upto and including April 30, 2031
Promoters had a personal stake in this
Backed by 60% of shareholders other than promotersneeded 50%
80.69 L votes for, 54.76 L against · 56% of mutual funds and other big investors said no
2
Re-appointment of Mr. Kishore Chatnani (DIN: 07805465), as a Joint Managing Director of the Company for a period of five (05) years, commencing from June 28, 2026 upto and including June 27, 2031
Backed by 100% of shareholders other than promotersneeded 50%
1.35 cr votes for, 19,168 against · 0% of mutual funds and other big investors said no
3
Re-appointment of Mr. Sanjay Gulati (DIN: 05201178), as a Joint Managing Director of the Company for a period of five (05) years, commencing from June 28, 2026 upto and including June 27, 2031
Backed by 100% of shareholders other than promotersneeded 50%
1.35 cr votes for, 19,168 against · 0% of mutual funds and other big investors said no
4
Re-appointment of Mr. Arvind Sagar (DIN: 09210612) as an Independent Director of the Company for a second term of five (05) consecutive years commencing from June 28, 2026, and ending on June 27, 2031
⚑ Passed only because promoters voted yes
Backed by 64% of shareholders other than promotersneeded 75%
86.28 L votes for, 49.17 L against · 51% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 13 named members
owning 62.4% between them · as of 2026-06-30
THE YAMUNA SYNDICATE LTD45.00%
RANJIT PURI8.97%
ADITYA PURI6.21%
N. A. COLD STORAGES PVT. LTD.2.04%
NINA PURI0.22%
AKSHAY BHANno shares
ASHOK BHANno shares
MADHU JAINno shares
Business done with them
FY2025 · 6 of the group
The company paid ₹33 cr to companies in the promoter group last year — about 0.5% of its ₹6,422 cr revenue and received ₹33.3 L back from them.
Aditya Puri
Other payments to them · Purchase of goods and Dividend Received, Key Managment personnel compensation
also owns 6.21% of the company
₹13 cr
company paid
THE YAMUNA SYNDICATE LIMITED
Other payments to them · Purchase of goods, purchase of fixed assets, rendering of services, service received, rent received
also owns 45.00% of the company
₹13 cr
company paid
THE YAMUNA SYNDICATE LIMITED
Bought goods from them · Purchase of goods, purchase of fixed assets, rendering of services, service received, rent received
also owns 45.00% of the company
₹3 cr
company paid
Ranjit Puri
Other payments to them · Purchase of goods, Services and Dividend received
also owns 8.97% of the company
₹3 cr
company paid
N A COLD STORAGES PRIVATE LIMITED
Other payments to them · Dividend Paid
also owns 2.04% of the company
₹60 L
company paid
Nina Puri
Other payments to them · Dividend & rent paid
also owns 0.22% of the company
₹40.5 L
company paid
Aditya Puri
Other income from them · Purchase of goods and Dividend Received, Key Managment personnel compensation
also owns 6.21% of the company
₹30 L
company received
Nayna Puri
Other payments to them · Relatives of Key Management Personnel
₹20.9 L
company paid
Aditya Puri
Bought goods from them · Purchase of goods and Dividend Received, Key Managment personnel compensation
also owns 6.21% of the company
₹5.5 L
company paid
Ranjit Puri
Bought goods from them · Purchase of goods, Services and Dividend received
also owns 8.97% of the company
₹4.8 L
company paid
THE YAMUNA SYNDICATE LIMITED
Other income from them · Purchase of goods, purchase of fixed assets, rendering of services, service received, rent received
also owns 45.00% of the company
₹3 L
company received
THE YAMUNA SYNDICATE LIMITED
Paid them for services · Purchase of goods, purchase of fixed assets, rendering of services, service received, rent received
also owns 45.00% of the company
₹2.7 L
company paid
THE YAMUNA SYNDICATE LIMITED
Sold goods to them · Purchase of goods, purchase of fixed assets, rendering of services, service received, rent received
also owns 45.00% of the company
₹0.26 L
company received
THE YAMUNA SYNDICATE LIMITED
Bought property or assets from them · Purchase of goods, purchase of fixed assets, rendering of services, service received, rent received
also owns 45.00% of the company
₹0.05 L
company paid

The company also transacted with 10 other related parties — subsidiaries, joint ventures, directors and others — that we could not match by name to the promoter list above. Some may still be connected to the family; we only count the ones the filings let us match with certainty.

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.