ALFA Finder| Management target | Revenue 11.0% FY27 |
|---|
| Revenue growth | Standalone up 51% YoY; Consolidated up 45% despite sugar de-growth. |
|---|---|
| Margins | Manufacturing margins stable at 12%; projects margins slightly improved at 5.25%. |
| Order book | Robust standalone order book at ₹7,727 Crore; Consolidated ₹8,958 Crore. |
| Demand visibility | Strong domestic market; healthy export inquiry base across segments. |
| Management confidence | Balanced standalone outlook; defensive regarding Philippines ethanol losses. |
Growth
Standalone revenue grew 51% YoY, driven by execution and a large US export order.
Outlook
Management guides for 10-12% standalone revenue growth for FY27 with stable manufacturing margins.
Risks
Philippines ethanol plant losses (₹83Cr) and low 65% utilization remain a major consolidated drag.
Last quarter's promises, checked
Delivered
- Manufacturing EBIT margin 12-13% → delivered 12.46% (= BEAT)
- Commercialize Philippines ethanol plant → delivered 17 Dec 2025 (= BEAT)
- Maintain export revenue levels → delivered INR 1,169 Cr vs 532 Cr (= BEAT)
Partly delivered
- FGD retention money release INR 300 Cr → delivered >INR 200 Cr (= PARTIAL)
Missed
- Standalone revenue growth 7-8% → delivered 4.2% (= MISS)
Earnings Call Transcript filed with NSE, NSE: ISGEC. Summary written with AI assistance from the document.
ISGEC Heavy Engineering Ltd: key numbers
- Share price
- ₹997.00
- Market cap
- ₹7,331 Cr
- Revenue (annual)
- ₹6,789 Cr
- Net profit (annual)
- ₹108.9 Cr
- P/E (TTM)
- 35.2×Sector 51.9×
- Promoter holding
- 62.43%+0.00% QoQ
- FII holding
- 3.86%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from ISGEC Heavy Engineering Ltd
All →ISGEC Heavy Engineering Investor Presentation: Key Takeaways
Consolidated Q2 FY27 total income Rs 18,596 Mn (+10% YoY), PBT Rs 1,023 Mn (+102%); H1 total income Rs 38,531 Mn (+25%). Order book at all-time high Rs 87,570 Mn.
ISGEC Heavy Engineering Q2 FY27 Results: Net Profit ₹66.2 Cr, Up 425.4% YoY
ISGEC Heavy Engineering Ltd reported revenue from operations of ₹1,850 Cr (+11.3% YoY) and net profit of ₹66.2 Cr (+425.4% YoY) for Q2 FY27.
- Key figure
- Net profit ₹66.2 Cr · +425.4% YoY
ISGEC Heavy Engineering Board Meeting Date
Isgec Heavy Engineering intimated a board meeting for November 4, 2026, to consider half-yearly financial results. This is an advance scheduling notice with no transaction reported.
ISGEC Heavy Engineering Credit Rating
ICRA reaffirmed [ICRA]A (Stable)/[ICRA]A2+ rating for Isgec Hitachi Zosen's bank limits. No change in the credit rating versus prior year.
ISGEC Heavy Engineering Other Announcement
Isgec Heavy Engineering Limited submitted its Reconciliation of Share Capital Audit Report for the quarter ended September 30, 2026. The report confirms the company's issued and listed capital match.
ISGEC Heavy Engineering Debt & Borrowing: ₹61 Cr
Isgec Heavy Engineering Ltd issued letters of comfort for Rs. 61 Crore in favour of its subsidiary, Isgec Titan Metal Fabricators Private Limited, to support working capital.
- Value
- ₹61.00 Cr