Flash Finance

Isgec Heavy Engineering LimitedISGECCorporate

Engineering - Turnkey Services Latest results: Mar 2026 13 quarters of data
Consolidated Standalone
₹899.75
MCap ₹6,616 Cr · P/E 23.3
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AI-assisted data: figures and text on this page are extracted from public quarterly filings with AI assistance, checked automatically and overseen by our editorial team (human in the loop). They may still contain errors or omissions. Verify critical numbers against official company / SEBI / NSE / BSE filings before making any decision. Educational information only, not financial advice.
₹2,048 Cr
Sales · Mar 2026
+17.4% YoY
₹156 Cr
Operating Profit · Mar 2026
+2.6% YoY
7.6%
OPM % · Mar 2026
-12.6% YoY
₹85 Cr
Net Profit · Mar 2026
+9.0% YoY
₹9.96
EPS · Mar 2026
+3.0% YoY

📝 Isgec Heavy Engineering Limited — results explained

Quarter ended March 2026 (Q4 FY26)

Isgec Heavy Engineering Limited reported revenue of ₹2,048 crore for the quarter ended March 2026 (Q4 FY26), up 17.4% from ₹1,744 crore in the same quarter last year, and up 17.8% sequentially over the December 2025 quarter.

Net profit rose 9.0% year-on-year to ₹85 crore, from ₹78 crore. Earnings per share (EPS) came in at ₹9.96.

Operating profit stood at ₹156 crore — an operating margin (OPM) of 7.6%, compared with 8.7% in the year-ago quarter.

Full year and trailing twelve months

For the full year FY26, Isgec Heavy Engineering Limited posted revenue of ₹6,819 crore, a growth of 6.1% over FY25, with a net profit of ₹284 crore (up 7.7% year-on-year).

On a trailing-twelve-month (TTM) basis, revenue stands at ₹6,819 crore with a net profit of ₹284 crore.

Valuation snapshot

At the current price of ₹899.75, ISGEC has a market capitalisation of ₹6,616 crore and a trailing P/E of about 23.3.

Within the Engineering - Turnkey Services industry, it is the 5th-largest of the 36 companies we track by market value.

Shareholding pattern

As of Sep 2026, promoters held 62.43%, foreign institutional investors (FIIs) 3.86%, domestic institutional investors (DIIs) 9.98%, the government 0.01%, public shareholders 23.72% of Isgec Heavy Engineering Limited.

📈 Share price & events

📊 Quarterly trend

₹ crore · OPM % on right axis

🎯 Key metrics

price-linked ratios use the latest close
Valuation
Market Cap ?
₹6,616 Cr
Current Price ?
₹899.8
P/E ?
23.27above ind
Industry P/E ?
10.40
P/B ?
2.42
P/S ?
0.97
P/FCF ?
11.03
Enterprise Value ?
₹7,567 Cr
EV/EBITDA ?
12.26
PEG ?
N/A
Earnings Yield ?
6.2%
Dividend Yield ?
0.55%
Profitability & Returns
Sales (TTM) ?
₹6,819 Cr
OPM ?
9.1%
Profit after tax (TTM) ?
₹284 Cr
EPS (TTM) ?
₹38.67
ROCE ?
11.0%
ROE ?
10.4%
ROA ?
3.5%
Growth
Sales — latest qtr ?
₹2,048 Cr
PAT — latest qtr ?
₹85 Cr
YoY qtr sales growth ?
17.4%
YoY qtr profit growth ?
9.0%
Sales growth (3y) ?
2%
Sales growth (5y) ?
5%
Profit growth (3y) ?
-16%
Profit growth (5y) ?
-14%
Financial Health
Debt ?
₹951 Cr
Debt to Equity ?
0.35
Interest Coverage ?
6.5
Current Ratio ?
N/A
Ownership
Promoter holding ?
62.43%
Change in promoter holding ?
0.00%
Pledged percentage ?
N/A
Market
Return 3 months ?
0.4%
Return 6 months ?
-13.7%

🗓️ Quarterly results (13 quarters · ₹ Cr)

same fiscal quarter as Mar bestweakest per row · for costs (interest, NPAs) low is best
Metric Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026 YoY % QoQ %
Sales 2,0431,3861,4731,5641,8681,5401,6441,4971,7441,3411,6911,7392,048 +17.4% +17.8%
Operating Profit 16410413472138125139118152120147194156 +2.6% -19.5%
Other Income 6134949244318341863 +2295.4% +254.1%
Interest 1719201811118201316191720 +49.4% +19.6%
Depreciation 27252625282627511226272868 +487.7% +144.2%
Profit Before Tax 12672913710296128521309094123131 +1.0% +6.8%
Net Profit 93536426726796237859568485 +9.0% +0.7%
EPS 11.716.898.133.529.708.9012.592.739.677.115.989.499.96 +3.0% +5.0%
OPM % 8.0% 7.5% 9.1% 4.6% 7.4% 8.1% 8.5% 7.9% 8.7% 9.0% 8.7% 11.1% 7.6% -12.6% -31.5%

📆 Annual results (₹ Cr, FY = Apr–Mar)

Metric FY25 FY26 TTM YoY %
Sales ₹6,425 Cr ₹6,819 Cr ₹6,819 Cr +6.1%
Operating Profit ₹534 Cr ₹617 Cr ₹617 Cr +15.6%
OPM % 8.31% 9.05% 9.05% +8.9%
NPM % 4.11% 4.17% 4.17% +1.5%
Other Income ₹39 Cr ₹133 Cr ₹133 Cr +237.9%
Depreciation ₹115 Cr ₹148 Cr ₹148 Cr +29.2%
Interest ₹53 Cr ₹72 Cr ₹72 Cr +37.2%
EBIT ₹419 Cr ₹469 Cr ₹469 Cr +11.8%
PBT ₹406 Cr ₹438 Cr ₹438 Cr +8.0%
Tax ₹122 Cr ₹108 Cr ₹108 Cr -11.3%
Net Profit ₹264 Cr ₹284 Cr ₹284 Cr +7.7%
EPS ₹33.89 ₹32.54 ₹32.54 -4.0%
Material Cost ₹4,163 Cr ₹3,040 Cr ₹3,040 Cr -27.0%
Employee Cost ₹555 Cr ₹481 Cr ₹481 Cr -13.4%
Extraordinary Items — ₹-25 Cr ₹-25 Cr —

🏛️ Balance Sheet (latest 4 periods)

Metric Mar 2023Mar 2024Mar 2025Mar 2026 % Chg
Equity Capital 7777 +0.0%
Reserves 2,2972,5152,7312,729 -0.1%
Borrowings 1,235814861951 +10.5%
Other Liabilities 3,5134,4704,4104,390 -0.5%
Total Liabilities 7,0537,8078,0098,077 +0.8%
Fixed Assets 9479569731,791 +84.1%
CWIP 80595966137 +107.6%
Investments 33298566 -22.4%
Other Assets 5,2675,8636,8846,083 -11.6%
Total Assets 7,0537,8078,0098,077 +0.8%

💧 Cash Flow (latest 4 periods)

Metric Mar 2023Mar 2024Mar 2025Mar 2026 % Chg
Cash from Operating Activity 208735116765 +559.5%
Cash from Investing Activity -43-274-274-131 +52.2%
Cash from Financing Activity -98-487108-341 -415.7%
Net Cash Flow 67-26-49293 +698.0%
Free Cash Flow 51493-119600 +604.2%
CFO/OP 59%154%36%169% +369.4%

➗ Ratios (latest 4 periods)

Metric Mar 2023Mar 2024Mar 2025Mar 2026 % Chg
Debtor Days 161172161148 -8.1%
Inventory Days 110140145162 +11.7%
Days Payable 141141123118 -4.1%
Cash Conversion Cycle 129171183192 +4.9%
Working Capital Days 58617369 -5.5%
ROCE % 11%13%15%11% -26.7%

👥 Shareholding (latest 5 periods)

Metric Jun 2025Sep 2025Dec 2025Mar 2026Sep 2026 % Chg
Promoters 62.43%62.43%62.43%62.43%62.43% +0.0%
FIIs 3.53%3.48%3.60%3.85%3.86% +0.3%
DIIs 10.63%10.39%10.47%10.31%9.98% -3.2%
Government 0.01%0.01%0.01%0.01%0.01% +0.0%
Public 23.39%23.67%23.50%23.40%23.72% +1.4%
No. of Shareholders 37,06038,44939,40238,99839,592 +1.5%

⚖️ Peer comparison

Industry: Engineering - Turnkey Services · top 25 of 36 companies · full page →
# Company CMP MCap (Cr) P/E Sales TTM NP TTM OPM% NPM% Sales YoY% NP YoY% Qtr Rev Δ% Qtr NP Δ%
1 ORIANA Oriana Power ₹2,077.80 21,110 16.7 1,813 252 22.0% 13.9% — — 64.3% 18.2%
2 WABAG VA Tech ₹2,282.00 14,261 38.3 3,944 370 11.7% 9.4% 19.7% 25.5% 22.3% 28.6%
3 POWERMECH Power Mech ₹2,424.50 7,665 19.6 6,393 420 10.9% 6.6% 15.8% 18.4% 25.6% 10.3%
4 GMRP&UI GMR Power ₹93.16 7,276 11.7 7,388 585 22.3% 7.9% 15.6% -60.5% 3.4% -392.8%
5 ISGEC Isgec Heavy ₹837.65 6,159 25.3 6,819 284 9.1% 4.2% 6.1% 7.7% 17.4% 9.0%
6 TRANSRAILL Transrail Lighting ₹412.65 5,540 13.5 6,830 411 12.1% 6.0% 28.7% 22.6% -4.3% -20.0%
7 IONEXCHANG ION Exchange ₹437.80 5,382 39.6 3,032 98 5.9% 3.2% 6.5% -31.4% 20.1% -93.7%
8 SWSOLAR Sterling and Wilson ₹163.18 3,811 15.7 7,155 213 4.9% 3.0% 19.8% -237.8% -12.6% 103.5%
9 EIEL Enviro Infra ₹194.87 3,421 19.2 1,264 191 22.4% 15.1% 8.3% 6.1% 49.1% 6.4%
10 ASHOKA Ashoka Buildcon ₹113.99 3,200 1.3 7,132 2,476 21.5% 34.7% -25.1% 48.6% -20.5% -44.0%
11 BAJEL Bajel Projects ₹179.23 2,074 73.8 2,751 29 3.6% 1.0% 7.5% 69.5% -6.7% 37.2%
12 RELINFRA Reliance Infrastructure ₹48.80 1,992 1.0 20,877 4,330 4.9% 20.7% -11.0% -25.1% 11749.6% 151.7%
13 BGRENERGY BGR Energy ₹231.86 1,673 — 226 -1,250 -255.9% -551.8% -33.8% -32.8% -82.2% 16.1%
14 KPEL K.P. Energy ₹230.44 1,562 8.5 1,797 182 18.5% 10.1% 59.4% 57.2% 136.7% 2.6%
15 MBECL Mcnally Bharat ₹421.66 1,406 0.4 73 3,655 -286.9% 5002.9% -30.5% 301.0% 0.3% 89.0%
16 GGBL Ganesh Green ₹481.90 1,195 15.9 1,067 75 10.7% 7.0% — — 298.4% 147.1%
17 SEPC SEPC ₹5.62 1,092 42.7 1,150 26 5.5% 2.3% 65.8% 116.6% 38.6% -166.8%
18 ATMASTCO Atmastco ₹306.00 757 — — — — — — — -18.6% 61.9%
19 OMINFRAL OM INFRA ₹78.10 752 22.8 520 33 8.6% 6.3% -29.8% -42.8% 19.2% 1268.7%
20 MOLDTECH Mold-Tek Technologies ₹200.00 576 31.2 208 18 10.9% 8.9% 24.6% -17.0% 78.9% 1215.1%
21 SUPREMEINF Supreme Infrastructure ₹53.50 522 0.1 65 5,797 -3.5% 8900.7% -4.0% 506.5% 95.8% 83.4%
22 WINSOL Winsol ₹378.85 437 30.5 136 14 17.7% 10.3% — — 1.8% 36.6%
23 GVKPIL GVK Power ₹2.33 368 — 81 -1,383 -363.9% -1717.0% -90.0% -331.4% -100.0% 98.5%
24 K2INFRA K2 Infragen ₹275.00 347 26.1 185 13 12.4% 7.0% — — -1.1% -14.3%
25 ATLANTAA ATLANTAA ₹36.81 300 — 78 -5 40.9% -6.5% 33.3% -105.7% 26.2% -196.1%
❓ Frequently asked questions
What was Isgec Heavy Engineering Limited's revenue in Q4 FY26?
Isgec Heavy Engineering Limited reported revenue of ₹2,048 crore for the quarter ended March 2026 (Q4 FY26), up 17.4% from ₹1,744 crore in the same quarter last year, and up 17.8% sequentially over the December 2025 quarter.
What was Isgec Heavy Engineering Limited's net profit in Q4 FY26?
Net profit rose 9.0% year-on-year to ₹85 crore, from ₹78 crore. Earnings per share (EPS) came in at ₹9.96.
What is ISGEC's market capitalisation and P/E ratio?
At the current price of ₹899.75, ISGEC has a market capitalisation of ₹6,616 crore and a trailing P/E of about 23.3.
Who owns Isgec Heavy Engineering Limited? (shareholding pattern)
As of Sep 2026, promoters held 62.43%, foreign institutional investors (FIIs) 3.86%, domestic institutional investors (DIIs) 9.98%, the government 0.01%, public shareholders 23.72% of Isgec Heavy Engineering Limited.
TTM ends 2026-03-31. Amounts are ₹ crore unless stated otherwise. Figures are extracted by AI from public quarterly filings; gaps are filled from public market data. Live price refreshed about twice a day from exchange data. Educational information only — not financial advice.
⚠️ How this site is made: Market data pages are computed automatically from NSE/BSE publications and company filings; news articles and announcement analyses are written with AI assistance, with a human in the loop: our editors review what the AI produces. Both can contain errors. Verify with the original sources before any investment decision. Not investment advice; Flash Finance is not SEBI-registered. How we use AI