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. 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.
The company operates through two primary business segments. The company is divided into two segments. The Manufacturing of Machinery & Equipment segment generates revenue based on orders for process plant equipment, presses, castings, boiler components, and liquefied gas containers. The Engineering, Procurement & Construction segment, which derives maximum revenue, generates it based on contract manufacturing and execution of projects for setting up sugar plants, power plants, boilers, buildings, factories, and others.
Our Manufacturing segment covers Process Equipment, Mechanical & Hydraulic Presses, Steel & Iron Castings, Boiler Panels & Piping, as well as Contract Manufacturing of Industrial products. It offers engineering, procurement, and construction services; sugar plants and machinery that include mills, diffusers, process house equipment, sugar refinery, turnkey distillery plants, and spares and retrofits; presses comprising mechanical and hydraulic straight sided presses, mechanical gap and ring frame presses, and servo presses; and steel castings, including steam/gas turbine, hydro turbine, valve, pump, mining and crushing, and general engineering castings. In addition, the company offers iron castings, air pollution control equipment, and liquefied gas containers, as well as provides contract manufacturing services.
Our EPC Projects segment undertakes turnkey projects for setting up Industrial & Utility Boilers, Sugar Plants & Distilleries, Power Plants, Air Pollution Control Equipment, Industrial Wastewater Treatment projects, Bulk Material Handling projects, as well as Civil Construction, including Factories. This segment represents the company's core competency in delivering comprehensive engineering solutions across multiple industries.
Isgec has its manufacturing operations across Yamunanagar, Dahej, Bawal, and Muzaffarnagar, with offices in Noida, Pune, Chennai, Mumbai, and Kolkata in India. Spread over 100 hectares (250 acres), the company's manufacturing facilities have a shop floor area of over 55,000 square meters (66,400 square yards) with manufacturing and testing facilities. Isgec products have been supplied to companies across 91 countries, many of whom have placed repeat orders to them. The company earns the larger part of its revenue in India and the rest from international markets through countries like Nigeria, Vietnam, Morocco, Bangladesh, and others.
It serves power, fertilizer, sugar and distillery, oil and gas, petrochemicals, automobile, steel, defense, cement, chemicals industries, etc. This diverse industry exposure provides the company with multiple revenue streams and reduces dependency on any single sector.
The company has established several strategic partnerships to enhance its technological capabilities and market reach. Isgec Heavy Engineering Limited, India and Hitachi Zosen Corporation, Japan have a joint venture – Isgec Hitachi Zosen Ltd. – for manufacturing specialized and critical process equipment. The new company has a shareholding pattern of 51% (Isgec) to 49% (Hitachi Zosen Corp.).
A Joint Venture Company along with Amec Foster Wheeler North America Corp., U.S.A has been incorporated in the name of "Isgec Foster Wheeler Boilers" with a paid up capital of Rupees Two Crore only. Isgec Heavy Engineering has formed a joint venture with Italy-based Redecam Group SpA.
For the full year, net profit rose 39.93% to ₹340.97 Crore in the year ended March 2025, as against ₹243.67 Crore during the previous year ended March 2024. Sales rose 3.26% to ₹6,422.28 Crore in the year ended March 2025, as against ₹6,219.34 Crore during the previous year ended March 2024.
For the fourth quarter of FY25, Net profit of ISGEC Heavy Engineering rose 27.92% to ₹91.21 Crore in the quarter ended March 2025, as against ₹71.30 Crore during the previous quarter ended March 2024. Sales declined 6.61% to ₹1,744.40 Crore in the quarter ended March 2025, as against ₹1,867.96 Crore during the previous quarter ended March 2024.
- Revenue FY25: ₹6,422.28 Crore (up 3.26% YoY)
- Net Profit FY25: ₹340.97 Crore (up 39.93% YoY)
- Q4 FY25 Revenue: ₹1,744.40 Crore (down 6.61% YoY)
- Q4 FY25 Net Profit: ₹91.21 Crore (up 27.92% YoY)
ISGEC Heavy Engineering announced that the Board of Directors of the Company at its meeting held on May 29, 2025, inter alia, have recommended the final dividend of ₹5 per equity Share (i.e., 500%), subject to the approval of the shareholders.
ISGEC Heavy has a market capitalization of ₹8,780 Crore (down -7.09% in 1 year) with revenue of ₹6,422 Crore and profit of ₹356 Crore. The stock is trading at 3.20 times its book value. Promoter Holding: 62.4%.
The ISGEC Heavy Engineering Ltd's 52-week high share price is ₹1,677.25 and 52-week low share price is ₹842.05.
The consolidated order book of INR 7,741 Crore reflects strong demand, especially in international projects and the power sector, while strategic investments of INR 60 Crore aim to enhance operational efficiency. With a focus on technology-led initiatives and improving margins, the company is well-positioned to navigate market complexities and achieve double-digit growth in revenue.
The company's robust order book provides revenue visibility and supports its growth trajectory across diverse industrial sectors. The strategic focus on international markets and technology partnerships positions ISGEC well for future expansion opportunities in the global heavy engineering market.
