| 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
- ₹890.55
- Market cap
- ₹6,548 Cr
- Revenue (annual)
- ₹6,789 Cr
- Net profit (annual)
- ₹108.9 Cr
- P/E (TTM)
- 33.4×Sector 53.6×
- Promoter holding
- 62.43%+0.00% QoQ
- FII holding
- 3.76%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
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- Key figure
- Net profit ₹17.5 Cr · +31.6% YoY
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