NSE: ISGEC | BSE: 533033

Mid-range Performer

Download real time

863.25 0.95 (0.11%)

Near 52W Low of ₹842.40

22,030 NSE+BSE Volume

NSE 07 Nov, 2025 3:31 PM (IST)

6,347.4

Market Cap

High in industry

1.5

Beta 1Year

Very High Volatility

Board Meeting

The next board meeting for ISGEC Heavy Engineering Ltd. is on 13 Nov 2025 for the purpose of Quarterly Results See details

ISGEC Heavy Engineering Ltd. share price target and research reports

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

Latest analyst research reports with target prices and PDF download for ISGEC, BSE:533033 ISGEC Heavy Engineering Ltd.

Search Inside the pdf :

ISGEC Heavy Engineering Ltd.

17 Aug 2023

863.25

0.11%

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 -36.52% in the last 1 Year

ISGEC Heavy Engineering Ltd.

31 May 2023

863.25

0.11%

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 decreased from 116 to 110 in Sep 2025 qtr

ISGEC Heavy Engineering Ltd.

15 Feb 2023

863.25

0.11%

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 -36.52% in the last 1 Year

ISGEC Heavy Engineering Ltd.

14 Nov 2022

863.25

0.11%

Manufacturing performance improves, EPC to follow suit

Buy: ISGEC Heavy Engineering Ltd.

Target

ICICI Securities Limited

ISGEC Heavy Engineering’s (ISGEC) standalone revenue declined 1.2% YoY to Rs11.4bn (I-Sec: Rs12bn) in Q2FY23. Manufacturing segment revenue was robust at 31% whereas EPC revenue declined 11.5% YoY.

ISGEC Heavy Engineering Ltd. has lost -36.52% in the last 1 Year

ISGEC Heavy Engineering Ltd.

16 Aug 2022

863.25

0.11%

Improved performance; cost pressures prevail

Buy: ISGEC Heavy Engineering Ltd.

ICICI Securities Limited

ISGEC Heavy Engineering’s (ISGEC) standalone revenue grew 22.4% YoY to Rs9.9bn in Q1FY23 led by 75% / 9.2% YoY growth in manufacturing / EPC business.

ISGEC Heavy Engineering Ltd. is trading below all available SMAs

Is ISGEC Heavy Engineering Ltd. worth buying?

80 Votes:

Buy 76.25%

Sell 8.75%

Hold 15.0%