NSE: ISGEC | BSE: 533033

Falling Comet

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989.40 -37.00 (-3.60%)

40.95% Fall from 52W High

40,504 NSE+BSE Volume

NSE 26 Aug, 2025 3:31 PM (IST)

7,275

Market Cap

High in industry

1.5

Beta 1Year

Very High Volatility

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.

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ISGEC Heavy Engineering Ltd.

17 Aug 2023

989.40

-3.60%

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 -30.49% in the last 1 Year

ISGEC Heavy Engineering Ltd.

31 May 2023

989.40

-3.60%

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%.

ISGEC Heavy Engineering Ltd. is trading below all available SMAs

ISGEC Heavy Engineering Ltd.

15 Feb 2023

989.40

-3.60%

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 -30.49% in the last 1 Year

ISGEC Heavy Engineering Ltd.

14 Nov 2022

989.40

-3.60%

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 -30.49% in the last 1 Year

ISGEC Heavy Engineering Ltd.

16 Aug 2022

989.40

-3.60%

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. has lost -30.49% in the last 1 Year

Is ISGEC Heavy Engineering Ltd. worth buying?

80 Votes:

Buy 76.25%

Sell 8.75%

Hold 15.0%