ISGEC Heavy Engineering Ltd

ISGEC Heavy Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

ISGEC Heavy Engineering Ltd

₹ 1,499 -0.87%
23 Dec - close price
isgec.com BSE: 533033 NSE: ISGEC
About

ISGEC Heavy Engineering Ltd is a diversified heavy engineering company engaged in manufacturing and project business with an extensive global presence. It manufactures process plant equipment, presses, Iron & Steel castings & Boiler pressure parts.
It also undertakes turnkey projects for setting-up boilers, power plants, sugar plants, distilleries, factories and others. It also has strengths in the business of construction.[1]
It is also engaged in the business of manufacture of sugar and its by-products through a subsidiary.[2]

Key Points

History
Established in 1933, the company initially offered Sugar Machinery and Boilers. Over the years, it has transformed into a diversified heavy engineering company with 86% Consolidated Revenues from Engineering Products and Projects. [1]

Website BSE NSE
  • Market Cap ₹ 11,020 Cr.
  • Current Price ₹ 1,499
  • High / Low ₹ 1,677 / 810
  • Stock P/E 38.4
  • Book Value ₹ 312
  • Dividend Yield 0.27 %
  • ROCE 15.7 %
  • ROE 11.3 %
  • Face Value ₹ 1.00
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Pros

  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • Stock is trading at 4.80 times its book value
  • The company has delivered a poor sales growth of 3.32% over past five years.
  • Company has a low return on equity of 9.27% over last 3 years.
  • Dividend payout has been low at 12.7% of profits over last 3 years
  • Company has high debtors of 233 days.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Infrastructure Developers & Operators Industry: Engineering - Turnkey Services

Part of BSE SmallCap BSE Allcap BSE Industrials Nifty Microcap 250 Nifty Total Market

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
1,155 1,115 1,363 993 1,141 1,098 1,420 1,131 1,114 1,067 1,550 1,215 1,240
1,120 1,045 1,295 936 1,078 1,024 1,314 1,054 1,020 985 1,436 1,113 1,126
Operating Profit 35 70 68 57 62 75 106 77 94 82 114 103 114
OPM % 3% 6% 5% 6% 5% 7% 7% 7% 8% 8% 7% 8% 9%
18 3 3 6 19 5 6 28 6 5 6 28 15
Interest 5 7 6 7 9 10 11 11 14 10 6 3 3
Depreciation 16 17 17 15 16 16 16 16 16 17 18 16 17
Profit before tax 31 50 47 40 57 53 84 78 70 60 96 111 109
Tax % 13% 26% 26% 25% 19% 26% 26% 18% 24% 26% 27% 21% 24%
27 37 35 30 46 40 62 64 53 44 71 88 83
EPS in Rs 3.70 5.00 4.79 4.09 6.24 5.42 8.45 8.67 7.21 6.01 9.62 12.04 11.34
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Sep 2013 Mar 2014 6m Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
2,512 1,439 3,276 3,870 3,032 2,600 4,129 4,894 4,310 4,444 4,652 4,861 5,072
2,359 1,345 2,996 3,553 2,759 2,419 3,860 4,597 3,957 4,215 4,335 4,475 4,660
Operating Profit 152 94 280 317 272 181 268 296 352 230 317 386 413
OPM % 6% 7% 9% 8% 9% 7% 6% 6% 8% 5% 7% 8% 8%
42 23 42 61 93 72 34 18 35 25 34 42 54
Interest 36 19 33 31 34 18 33 33 35 43 53 57 23
Depreciation 54 28 72 64 64 67 66 74 68 65 63 67 67
Profit before tax 105 70 218 283 268 168 203 207 285 147 234 304 377
Tax % 31% 34% 34% 33% 30% 29% 37% 26% 23% 23% 24% 24%
72 46 143 190 189 119 128 153 218 113 178 232 287
EPS in Rs 9.83 6.29 19.48 25.84 25.66 16.19 17.45 20.82 29.68 15.34 24.20 31.51 39.01
Dividend Payout % 10% 11% 10% 8% 12% 10% 37% 10% 10% 13% 12% 13%
Compounded Sales Growth
10 Years: 13%
5 Years: 3%
3 Years: 4%
TTM: 7%
Compounded Profit Growth
10 Years: 18%
5 Years: 14%
3 Years: 2%
TTM: 31%
Stock Price CAGR
10 Years: 12%
5 Years: 34%
3 Years: 32%
1 Year: 61%
Return on Equity
10 Years: 12%
5 Years: 10%
3 Years: 9%
Last Year: 11%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Sep 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 7 7 7 7 7 7 7 7 7 7 7 7 7
Reserves 602 641 762 950 1,118 1,215 1,340 1,463 1,667 1,776 1,938 2,147 2,288
329 394 272 313 110 82 75 354 209 443 463 45 67
1,460 1,518 1,807 2,136 2,129 2,024 2,840 2,609 2,904 2,695 2,945 3,666 3,337
Total Liabilities 2,398 2,561 2,848 3,406 3,364 3,329 4,262 4,433 4,787 4,921 5,354 5,865 5,699
428 414 399 460 464 455 507 519 483 475 471 456 463
CWIP 8 27 10 10 15 29 11 8 9 8 17 34 52
Investments 334 267 477 693 831 509 325 251 213 288 180 168 253
1,628 1,853 1,962 2,243 2,053 2,335 3,418 3,656 4,083 4,150 4,686 5,208 4,931
Total Assets 2,398 2,561 2,848 3,406 3,364 3,329 4,262 4,433 4,787 4,921 5,354 5,865 5,699

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Sep 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
333 -27 345 201 155 -113 -162 -191 151 -134 44 519
-104 41 -207 -285 -183 310 100 23 36 -108 56 -92
26 43 -157 1 -236 -57 -27 219 -208 201 -44 -486
Net Cash Flow 256 57 -19 -82 -264 140 -90 51 -21 -41 56 -59

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Sep 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 111 200 103 131 129 156 159 148 200 187 219 233
Inventory Days 86 184 76 46 97 138 93 67 69 75 88 103
Days Payable 164 328 195 204 315 303 195 160 211 166 183 167
Cash Conversion Cycle 33 56 -15 -28 -89 -10 57 55 58 96 124 169
Working Capital Days -0 35 3 5 -4 49 64 75 94 108 125 101
ROCE % 14% 9% 23% 26% 21% 14% 16% 15% 17% 9% 12% 16%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
62.43% 62.43% 62.43% 62.43% 62.43% 62.43% 62.43% 62.43% 62.43% 62.43% 62.43% 62.43%
2.29% 2.29% 2.35% 2.45% 2.81% 2.45% 2.77% 3.48% 3.53% 3.51% 3.83% 3.91%
6.86% 7.03% 7.39% 7.10% 7.14% 7.80% 8.17% 8.33% 8.73% 8.81% 8.82% 11.26%
0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01%
28.41% 28.23% 27.82% 27.99% 27.60% 27.30% 26.61% 25.75% 25.30% 25.23% 24.91% 22.40%
No. of Shareholders 37,56135,54834,28634,01433,17033,30930,68632,60132,48431,63530,32830,009

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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