ISGEC Heavy Engineering Ltd. (IN:ISGEC)
:ISGEC
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ISGEC Heavy Engineering Ltd.
(ISGEC)
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Rating:58Neutral
Price Target:
₹951.00
▲(9.83% Upside)
Action:ReiteratedDate:12/10/25
ISGEC Heavy Engineering Ltd. has strong revenue growth and operational efficiency, but faces challenges with cash flow management and high liabilities. The technical analysis indicates a bearish trend, and the stock is overvalued with a low dividend yield. Addressing cash flow issues and improving market sentiment could enhance the stock's attractiveness.
Positive Factors
Engineered-to-order & EPC capabilities
ISGEC's core competency in engineered-to-order manufacturing and turnkey EPC execution creates durable competitive barriers. Deep in-house fabrication, machining and on-site commissioning capabilities support complex, high-spec contracts and make revenue streams sticky through long project cycles and repeat service demand.
Negative Factors
Negative free cash flow and weak cash conversion
A swing to negative free cash flow and deteriorating cash conversion undermines the firm’s internal funding for working capital and capex. For an EPC and ETO business with lumpy receipts, sustained weak cash generation increases reliance on external financing and raises project execution and liquidity risks.
Read all positive and negative factors
Positive Factors
Negative Factors
Engineered-to-order & EPC capabilities
ISGEC's core competency in engineered-to-order manufacturing and turnkey EPC execution creates durable competitive barriers. Deep in-house fabrication, machining and on-site commissioning capabilities support complex, high-spec contracts and make revenue streams sticky through long project cycles and repeat service demand.
Read all positive factors
ISGEC Heavy Engineering Ltd. (ISGEC) vs. iShares MSCI India ETF (INDA)
Market Cap
₹67.22B
Dividend Yield0.59%
Average Volume (3M)3.77K
Price to Earnings (P/E)24.0
Beta (1Y)1.57
Revenue Growth-4.14%
EPS Growth-35.66%
CountryIN
Employees2,979
SectorIndustrials
Sector Strength72
IndustryIndustrial - Machinery
Share Statistics
EPS (TTM)9.49
Shares Outstanding73,529,510
10 Day Avg. Volume7,100
30 Day Avg. Volume3,765
Financial Highlights & Ratios
PEG Ratio13.83
Price to Book (P/B)2.89
Price to Sales (P/S)1.23
P/FCF Ratio-35.84
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
ISGEC Heavy Engineering Ltd. Business Overview & Revenue Model
Company Description
Isgec Heavy Engineering Limited operates as a heavy engineering company in India and internationally. It operates in two segments, Manufacturing of Machinery and Equipment; and Engineering, Procurement and Construction. The company offers process ...
How the Company Makes Money
ISGEC primarily earns revenue by delivering engineered-to-order equipment and by executing industrial projects under contractual arrangements. Key revenue streams typically include: (1) Sale of engineered equipment and systems—revenues recognized ...
ISGEC Heavy Engineering Ltd. Financial Statement Overview
Summary
Income Statement
75
Positive
Balance Sheet
70
Positive
Cash Flow
60
Neutral
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 62.73B | 64.22B | 61.67B | 63.49B | 54.99B | 52.46B |
| Gross Profit | 19.57B | 13.59B | 8.04B | 8.34B | 14.81B | 11.03B |
| EBITDA | 5.97B | 6.19B | 5.20B | 4.63B | 3.25B | 5.01B |
| Net Income | 1.87B | 2.49B | 2.44B | 1.96B | 1.09B | 2.48B |
Balance Sheet | ||||||
| Total Assets | 79.23B | 80.41B | 78.35B | 70.75B | 67.60B | 64.60B |
| Cash, Cash Equivalents and Short-Term Investments | 2.75B | 2.30B | 1.76B | 1.99B | 2.30B | 1.98B |
| Total Debt | 9.25B | 8.61B | 8.14B | 12.35B | 12.33B | 9.83B |
| Total Liabilities | 50.10B | 51.93B | 52.17B | 46.83B | 45.58B | 43.61B |
| Stockholders Equity | 27.88B | 27.39B | 25.15B | 23.04B | 21.21B | 20.22B |
Cash Flow | ||||||
| Free Cash Flow | 3.77B | -2.21B | 4.90B | 498.49M | -1.36B | -154.36M |
| Operating Cash Flow | 4.50B | 193.30M | 7.35B | 2.08B | -702.99M | 2.28B |
| Investing Cash Flow | -815.90M | -3.09B | -2.32B | -584.42M | -1.41B | -1.86B |
| Financing Cash Flow | -3.29B | 2.10B | -4.87B | -977.64M | 1.76B | -891.56M |
ISGEC Heavy Engineering Ltd. Technical Analysis
Positive
865.90
Price Trends
847.83
Positive
845.54
Positive
941.82
Negative
Market Momentum
9.06
Positive
56.13
Neutral
57.79
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:ISGEC, the sentiment is Positive. The current price of 865.9 is below the 20-day moving average (MA) of 898.80, above the 50-day MA of 847.83, and below the 200-day MA of 941.82, indicating a neutral trend. The MACD of 9.06 indicates Positive momentum. The RSI at 56.13 is Neutral, neither overbought nor oversold. The STOCH value of 57.79 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:ISGEC.
ISGEC Heavy Engineering Ltd. Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | ₹588.49B | 52.70 | ― | 0.73% | 14.14% | 16.91% | |
66 Neutral | ₹157.73B | 37.63 | ― | 0.84% | 3.59% | 1.37% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
58 Neutral | ₹67.22B | 24.01 | ― | 0.59% | -4.14% | -35.66% | |
58 Neutral | ₹863.73B | 64.16 | ― | 0.18% | 13.30% | 137.07% | |
58 Neutral | ₹62.03B | 33.83 | ― | 0.43% | 40.02% | 26.77% | |
58 Neutral | ₹392.56B | 41.70 | ― | 0.48% | 3.37% | -19.95% |
* Industrials Sector Average
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ISGEC Heavy Engineering Ltd. Corporate Events
Isgec Subsidiary Faces Rs 18.8 Crore Tax Demand, Plans Appeal
Mar 27, 2026
Isgec Heavy Engineering Ltd. has disclosed that its material wholly owned subsidiary, Saraswati Sugar Mills Limited, has received an income tax assessment order under Section 143(3) read with Section 144B of the Income Tax Act for assessment year ...
Isgec Heavy Engineering Seeks Shareholder Nod on Key Board Re-appointments via Postal Ballot
Feb 24, 2026
Isgec Heavy Engineering Ltd. has initiated a postal ballot and e-voting process to seek shareholder approval for key board-level appointments. The resolutions cover the re-appointment of Mr. Aditya Puri as Managing Director, Mr. Kishore Chatnani a...
Isgec Clears Results, Renews Leadership and Commits Over Rs 350 Crore to Capacity Expansion
Feb 9, 2026
Isgec Heavy Engineering’s board has approved unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025, both carrying unmodified auditor review opinions, underscoring financial reporting ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.