| ₹ crore | Q1 FY27 | Q1 FY26 | Change |
|---|---|---|---|
| Revenue | 1,980 | 1,341 | +47.7% |
| EBITDA | 124 | 120 | +2.8% |
| EBITDA margin | 6.2% | 9.0% | −2.7 pts |
| Profit before tax | 52.9 | 95.7 | −44.8% |
| Net profit | 17.5 | 58.6 | −70.2% |
| EPS | ₹1.22 | ₹7.11 | −82.8% |
Amounts on the left scale in ₹ crore; per cent on the right, dashed. L = lakh crore, K = thousand crore. Touch the chart to read any period.
| Tap a line for its trend | Currentlast 12M | FY26Mar 2026 | FY25Mar 2025 | FY24Mar 2024 | FY23Mar 2023 | FY22 and earlierAlpha Plus |
|---|
| 6,748 | — | — | — | — | FY22 and earlierEvery year the company has filed comes with Alpha Plus. | |
| 369 | 369 | 176 | 155 | 185 | ||
| 151 | 151 | 110 | 96.0 | 87.8 | ||
| 918 | 918 | 843 | 787 | 1,200 | ||
| 7,449 | — | — | — | — | ||
| 7,458 | 6,789 | 6,422 | 6,219 | 6,399 | ||
| — | +5.7% | +3.3% | −2.8% | — | ||
| 621 | 555 | 579 | 498 | 455 | ||
| 8.3% | 8.2% | 9.0% | 8.0% | 7.1% | ||
| 434 | 276 | 477 | 392 | 350 | ||
| 243 | 154 | 264 | 255 | 206 | ||
| 3.3% | 2.3% | 4.1% | 4.1% | 3.2% | ||
| ₹26.65 | ₹14.82 | ₹33.90 | ₹33.15 | ₹26.73 | ||
| — | −56.3% | +2.3% | +24.0% | — | ||
| — | 750 | 109 | 735 | 200 | ||
| — | −168 | −241 | −245 | −145 | ||
| 582 | 582 | −132 | 490 | 55.2 | ||
From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.
In ₹ Crore except Per Share 12 Months Ending | FY23 31/03/2023 | FY24 31/03/2024 | FY25 31/03/2025 | FY26 31/03/2026 | Current/LTM TTM · last close | |
|---|---|---|---|---|---|---|
| Market Capitalization | — | — | — | — | 6,748.4 | |
| - Cash, Equiv & ST Investments | 184.8 | 154.6 | 176.2 | 368.9 | 368.9 | |
| + Minority Interest | 87.8 | 96.0 | 110.1 | 151.1 | 151.1 | |
| + Total Debt | 1,200.4 | 787.2 | 843.1 | 918.1 | 918.1 | |
| Enterprise Value | — | — | — | — | 7,448.6 | |
| Revenue | 6,399.0 | 6,219.3 | 6,422.3 | 6,789.3 | 7,457.9 | |
| Growth %, YoY | — | -2.8 | +3.3 | +5.7 | — | |
| EBITDA | 454.6 | 498.1 | 579.4 | 554.7 | 620.5 | |
| Margin % | 7.10 | 8.01 | 9.02 | 8.17 | 8.32 | |
| EBIT | 350.3 | 391.8 | 477.4 | 276.4 | 433.6 | |
| Net Income | 205.5 | 254.9 | 263.9 | 154.0 | 243.2 | |
| Margin % | 3.21 | 4.10 | 4.11 | 2.27 | 3.26 | |
| EPS, Adj (current shares) | 26.73 | 33.15 | 33.90 | 14.82 | 26.65 | |
| Growth %, YoY | — | +24.0 | +2.3 | -56.3 | — | |
| Cash from Operations | 200.5 | 735.2 | 108.6 | 750.0 | — | |
| Capital Expenditures | -145.2 | -245.1 | -241.0 | -168.3 | — | |
| Free Cash Flow | 55.2 | 490.1 | -132.3 | 581.7 | 581.7 | |
Prices at the 30 October 2026 close · figures from the company's filings with NSE
Isgec Heavy Engineering (NSE: ISGEC) had a market capitalisation of ₹6,759 crore at the 30 October 2026 close (₹919.65 a share), a PE ratio of 34.5 on the last four quarters' profit and a price-to-book ratio of 2.47. In FY26 its consolidated net profit attributable to shareholders was ₹109 crore on revenue of ₹6,789 crore; in Q1 FY27 (April–June 2026) it was ₹9 crore, down 82.9% year on year. Its debt-to-equity ratio was 0.32 on 31 March 2026. Promoters held 62.43% of the shares on 30 September 2026.
Isgec Heavy Engineering's PE ratio is 34.5 at the 30 October 2026 close (₹919.65 a share): a market capitalisation of ₹6,759 crore divided by consolidated net profit attributable to shareholders of ₹196 crore over the last four quarters (Q2 FY26 to Q1 FY27). On FY26 net profit attributable to shareholders (₹109 crore) it is 62.1.
Isgec Heavy Engineering's price-to-book (PB) ratio is 2.47 at the 30 October 2026 close: a market capitalisation of ₹6,759 crore divided by shareholders' equity (book value) of ₹2,737 crore on 31 March 2026. That is a book value of ₹372.32 per share against a share price of ₹919.65.
In FY26, Isgec Heavy Engineering's return on equity (ROE) was 4.0% and its return on capital employed (ROCE) was 7.5%. ROE is net profit attributable to shareholders divided by average shareholders' equity (the start and end of the year); ROCE is operating profit (EBIT) divided by average capital employed (total assets less current liabilities). In FY25, ROE was 9.5% and ROCE 13.6%.
Isgec Heavy Engineering's market capitalisation was ₹6,759 crore at the 30 October 2026 close: 7.35 crore shares at ₹919.65 each.
No. Isgec Heavy Engineering had borrowings of ₹918 crore on 31 March 2026 (consolidated balance sheet), a debt-to-equity ratio of 0.32. Its cash and current investments were ₹442 crore, so its net debt was ₹476 crore.
Isgec Heavy Engineering's basic earnings per share (EPS) were ₹14.81 in FY26, against ₹33.89 in FY25. Over the last four quarters (Q2 FY26 to Q1 FY27) they add up to ₹26.65.
Isgec Heavy Engineering's debt-to-equity ratio was 0.32 on 31 March 2026: borrowings of ₹918 crore against total equity of ₹2,888 crore. A year earlier, on 31 March 2025, it was 0.30.
Isgec Heavy Engineering's net worth — shareholders' equity in its consolidated balance sheet — was ₹2,737 crore on 31 March 2026, down 0.1% from ₹2,739 crore a year earlier. Its market value is a different figure: a market capitalisation of ₹6,759 crore at the 30 October 2026 close.
Promoters held 62.43% of Isgec Heavy Engineering on 30 September 2026, unchanged from both the previous quarter and a year earlier, according to the shareholding pattern filed with NSE.
Isgec Heavy Engineering's book value per share was ₹372.32 on 31 March 2026: shareholders' equity of ₹2,737 crore divided by the 7.35 crore shares in issue, down 0.1% from ₹372.62 a year earlier. The share price at the 30 October 2026 close was ₹919.65.
Isgec Heavy Engineering's dividend yield is 0.65% at the 30 October 2026 close: dividends of ₹6 a share that went ex-dividend in the 12 months before that day, divided by the share price of ₹919.65. They were ₹6 on 21 September 2026.
In FY26, Isgec Heavy Engineering generated ₹750 crore of cash from operations and spent ₹168 crore on capital expenditure (property, plant, equipment and intangibles), leaving free cash flow of ₹582 crore. In FY25 it was −₹132 crore.
In 2026, Isgec Heavy Engineering has declared one dividend: ₹6 with record date 21 September 2026.
Isgec Heavy Engineering's latest results are for Q1 FY27 (April–June 2026), filed on 11 August 2026: consolidated net profit attributable to shareholders ₹9 crore, down 82.9% from ₹52.3 crore in Q1 FY26; revenue from operations ₹1,980 crore, up 47.7% year on year.
Isgec Heavy Engineering will announce its Q2 FY27 results (July–September 2026) on Wednesday, 4 November 2026, the date of the board meeting it has notified to the exchanges.
On 30 September 2026, Isgec Heavy Engineering's shares were held by promoters 62.43%, foreign portfolio investors (FII/FPI) 3.86%, domestic institutions (DII) 9.98% (including mutual funds at 8.95%) and retail and other non-institutional investors 23.72%. Over the year, FII holding was up 0.38 percentage points from 3.48% and DII holding was down 0.42 percentage points from 10.40%.
On FY26 consolidated figures, against Ceigall India, G R Infraprojects and J.Kumar Infraprojects: Isgec Heavy Engineering's operating margin of 4.1% is the lowest of the four (Ceigall India 13.0%, G R Infraprojects 18.9%, J.Kumar Infraprojects 11.0%; peer average 14.3%); its return on equity of 4.0% is the lowest of the four (Ceigall India 15.7%, G R Infraprojects 10.1%, J.Kumar Infraprojects 12.1%; peer average 12.6%).
At the 30 October 2026 closing prices, on FY26 net profit attributable to shareholders, Isgec Heavy Engineering's PE ratio is 62.1, the highest of the four: Ceigall India 21.8, G R Infraprojects 8.1 and J.Kumar Infraprojects 7.9, a peer average of 12.6. Each is the company's market capitalisation at that price divided by its FY26 net profit.
In FY26 (April 2025–March 2026), Isgec Heavy Engineering's consolidated net profit attributable to shareholders was ₹109 crore, down 56.3% from ₹249 crore in FY25, on revenue from operations of ₹6,789 crore (up 5.7%). Over three years, from FY23, net profit was down 44.6%.
In FY26, Isgec Heavy Engineering earned net profit attributable to shareholders of ₹109 crore on revenue of ₹6,789 crore, against ₹312 crore on ₹4,022 crore for Ceigall India. Isgec Heavy Engineering's operating margin was 4.1% (Ceigall India 13.0%) and its return on equity 4.0% (Ceigall India 15.7%). At the 30 October 2026 close, Isgec Heavy Engineering's market capitalisation was ₹6,759 crore against ₹6,797 crore for Ceigall India, and its PE ratio on FY26 profit 62.1 against 21.8.
From Isgec Heavy Engineering's own consolidated results, balance sheets and shareholding patterns filed with NSE, and NSE prices (the latest used here: the 30 October 2026 close). Ratios are calculated by Alphave from those filings as each answer describes.
Consolidated figures from the company's filings with NSE; prices are NSE closing prices.