ISGEC Heavy Engineering Ltd. News and Updates

Name: Latest research reports of ISGEC Heavy Engineering Ltd. authored by ICICI Securities Limited and published by - Trendlyne research reports.
Item: ISGEC Heavy Engineering Ltd.
Rating: 5
Author: ICICI Securities Limited

Keep track of all breaking news on ISGEC Heavy Engineering Ltd. from all sources in a single place.

ISGEC Heavy Engineering Ltd.

20 Feb 2025

1038.20

-8.12%

Goldman Sachs exits ISGEC Heavy Engineering, sells shares for Rs 96 crore

Business Standard

Global investment banking major Goldman Sachs on Thursday exited ISGEC Heavy Engineering, by selling its 1.4 per cent stake in the company for Rs 96 crore through an open market transaction. US-based Goldman Sachs through its arm Goldman Sachs Funds -- Goldman Sachs India Equity Portfolio sold 10.43 lakh shares, or 1.42 per cent stake, in ISGEC Heavy Engineering, as per the bulk deal data available on the National Stock Exchange (NSE). The shares were offloaded at an average price of Rs 915.49 apiece, taking the transaction value to Rs 95.50 crore. Meanwhile, Nippon India Mutual Fund acquired 8.32 lakh shares, or 1.13 per cent stake, in Noida-based ISGEC Heavy Engineering. The shares were picked up at an average price of Rs 915 apiece, taking the transaction size to Rs 76.21 crore. Details of the other buyers of ISGEC Heavy Engineering's shares could not be ascertained. On Wednesday, shares of ISGEC Heavy Engineering slipped 1.37 per cent to close at Rs 938 per piece on the NSE.

ISGEC Heavy Engineering Ltd.'s price crossed below 30Day SMA today

Isgec Heavy Engineering Bulk Deal: Nippon India Small Cap Fund Acquires 1.13% Stake

NDTV Profit | 20 Feb 2025

ISGEC Heavy Engineering Ltd.

07 Mar 2024

1038.20

-8.12%

Accumulate ISGEC Heavy Engineering ; target of Rs 1170: Asit C Mehta

Moneycontrol

Asit C Mehta recommended Accumulate rating on ISGEC Heavy Engineering with a target price of Rs 1170 in its research report dated March 05 2024.

ISGEC Heavy Engineering Ltd. has lost -14.41% in the last 1 Week

ISGEC Heavy Engineering Ltd.

21 Feb 2024

1038.20

-8.12%

ISGEC Heavy Eng Consolidated December 2023 Net Sales at Rs 1,492.52 crore, down 6.55% Y-o-Y

Moneycontrol

Number of FII/FPI investors increased from 112 to 118 in Mar 2025 qtr.

ISGEC Heavy Engineering Ltd.

15 Feb 2024

1038.20

-8.12%

ISGEC Heavy Eng Standalone December 2023 Net Sales at Rs 1,066.98 crore, down 2.85% Y-o-Y

Moneycontrol

Number of FII/FPI investors increased from 112 to 118 in Mar 2025 qtr.

ISGEC Heavy Engineering Ltd.

15 Nov 2023

1038.20

-8.12%

ISGEC Heavy Eng Consolidated September 2023 Net Sales at Rs 1,473.10 crore, down 2.61% Y-o-Y

Moneycontrol

ISGEC Heavy Engineering Ltd. is trading below its 30 day SMA of 1080.1

ISGEC Heavy Engineering Ltd.

17 Aug 2023

1038.20

-8.12%

Manufacturing led to good quarter, maintain BUY

Buy: ISGEC Heavy Engineering Ltd.

Target

ICICI Securities Limited

ISGEC Heavy Engineering (ISGEC) reported a good set of numbers for Q1FY24 with standalone revenue/EBITDA/PAT up 14%/35%/112% YoY to INR 11.3bn / 766mn / 637mn respectively. Performance was aided by growth in the manufacturing business of the company. Current orderbook stands at INR 84bn, +9% YoY.

ISGEC Heavy Engineering Ltd. has lost -23.13% in the last 6 Months

ISGEC Heavy Engineering Ltd.

31 May 2023

1038.20

-8.12%

Good visibility on revenue amid margin improvement

Buy: ISGEC Heavy Engineering Ltd.

Target

ICICI Securities Limited

ISGEC Heavy Engineering’s (ISGEC) Q4FY23 standalone revenue increased 4% YoY to Rs14bn aided by EPC revenue growth of 8% YoY whereas manufacturing segment revenue declined 4% YoY. Improvement in the share of high-margin manufacturing business led to marginal improvement in EBIDTA margin by 247bps YoY to 7.4%.

Number of FII/FPI investors increased from 112 to 118 in Mar 2025 qtr.

ISGEC Heavy Engineering Ltd.

30 May 2023

1038.20

-8.12%

ISGEC Heavy Engg jumps 8% to 52-week high on strong sales, margin expansion

Moneycontrol

With a decline in finance and raw material costs, the company's EBITDA margin expanded to 8.04 percent from 6.67 percent a year ago.

ISGEC Heavy Engineering Ltd. has lost -23.13% in the last 6 Months

ISGEC Heavy Eng Standalone March 2023 Net Sales at Rs 1,419.67 crore, up 4.15% Y-o-Y

Moneycontrol | 29 May 2023

ISGEC Heavy Engineering Ltd.

24 Feb 2023

1038.20

-8.12%

Isgec Heavy Engineering surges 3% on order win

Moneycontrol

The company has supplied four CFBC boilers to the same company in the past.

ISGEC Heavy Engineering Ltd. is trading above its 50 day SMA of 1036.3

ISGEC Heavy Engineering Ltd.

15 Feb 2023

1038.20

-8.12%

Manufacturing performance improves, EPC to catch up

Buy: ISGEC Heavy Engineering Ltd.

Target

ICICI Securities Limited

ISGEC Heavy Engineering’s (ISGEC) standalone revenue declined 1.5% YoY to Rs11bn (ISECe Rs12bn) in Q3FY23. Manufacturing segment revenue grew at 9%, whereas EPC declined 4% YoY.

ISGEC Heavy Engineering Ltd. has lost -23.13% in the last 6 Months

Is ISGEC Heavy Engineering Ltd. worth buying?

80 Votes:

Buy 76.25%

Sell 8.75%

Hold 15.0%

38.04% Fall from 52W High

ISGEC Heavy Engineering Ltd. News and Updates

Keep track of all breaking news on ISGEC Heavy Engineering Ltd. from all sources in a single place.