Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of ISGEC Heavy Engineering Ltd
Quarter-by-quarter operating performance
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 2,043 | 1,386 | 1,473 | 1,493 | 1,868 | 1,540 | 1,644 | 1,495 | 1,744 | 1,341 | 1,691 | 1,739 | 2,048 |
| Expenses + | 1,878 | 1,282 | 1,340 | 1,369 | 1,730 | 1,415 | 1,517 | 1,364 | 1,592 | 1,221 | 1,544 | 1,545 | 1,892 |
| Operating Profit | 164 | 104 | 134 | 123 | 138 | 125 | 127 | 132 | 152 | 120 | 147 | 194 | 156 |
| OPM % | 8% | 7% | 9% | 8% | 7% | 8% | 8% | 9% | 9% | 9% | 9% | 11% | 8% |
| Other Income + | 6 | 13 | 4 | 5 | 4 | 9 | 34 | -31 | 3 | 12 | -7 | -26 | 63 |
| Interest | 17 | 19 | 20 | 13 | 11 | 11 | 8 | 8 | 13 | 16 | 19 | 17 | 20 |
| Depreciation | 27 | 25 | 26 | 27 | 28 | 26 | 26 | 40 | 12 | 26 | 27 | 28 | 68 |
| Profit before tax | 126 | 72 | 91 | 89 | 102 | 96 | 128 | 52 | 130 | 90 | 94 | 123 | 131 |
| Tax % | 26% | 27% | 30% | 25% | 30% | 30% | 25% | 56% | 24% | 35% | 40% | 31% | 35% |
| Net Profit + | 93 | 53 | 64 | 67 | 72 | 67 | 96 | 23 | 98 | 59 | 56 | 84 | 85 |
| EPS in Rs | 11.71 | 6.89 | 8.13 | 8.42 | 9.70 | 8.90 | 12.59 | 2.73 | 12.40 | 7.11 | 5.98 | 9.49 | 9.96 |
Financials of ISGEC Heavy Engineering Ltd
Annual income statement trend
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 3,952 | 4,507 | 3,916 | 3,790 | 5,050 | 5,882 | 5,426 | 5,499 | 6,399 | 6,218 | 6,422 | 6,789 |
| Expenses + | 3,679 | 4,157 | 3,510 | 3,481 | 4,761 | 5,537 | 4,956 | 5,165 | 5,926 | 5,671 | 5,824 | 6,235 |
| Operating Profit | 273 | 349 | 407 | 309 | 289 | 345 | 469 | 335 | 473 | 548 | 598 | 555 |
| OPM % | 7% | 8% | 10% | 8% | 6% | 6% | 9% | 6% | 7% | 9% | 9% | 8% |
| Other Income + | 47 | 76 | 93 | 56 | 65 | 31 | 52 | 13 | 12 | -8 | -54 | 117 |
| Interest | 51 | 66 | 58 | 34 | 45 | 61 | 64 | 88 | 91 | 84 | 56 | 85 |
| Depreciation | 83 | 76 | 75 | 81 | 82 | 101 | 101 | 101 | 104 | 101 | 102 | 278 |
| Profit before tax | 188 | 284 | 367 | 251 | 227 | 214 | 356 | 158 | 290 | 354 | 386 | 308 |
| Tax % | 34% | 33% | 32% | 33% | 37% | 30% | 29% | 27% | 29% | 28% | 32% | 50% |
| Net Profit + | 123 | 190 | 248 | 168 | 144 | 149 | 253 | 115 | 206 | 255 | 264 | 154 |
| EPS in Rs | 16.03 | 25.13 | 32.94 | 21.40 | 19.42 | 19.65 | 33.71 | 14.80 | 26.72 | 33.14 | 33.89 | 14.81 |
| Dividend Payout % | 12% | 8% | 9% | 7% | 33% | 10% | 9% | 14% | 11% | 12% | 15% | 0% |
Financials of ISGEC Heavy Engineering Ltd
Capital structure and asset base
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 |
| Reserves | 837 | 1,021 | 1,246 | 1,374 | 1,508 | 1,777 | 2,014 | 2,114 | 2,297 | 2,515 | 2,731 | 2,729 |
| Borrowings + | 524 | 661 | 356 | 174 | 304 | 991 | 983 | 1,233 | 1,235 | 814 | 861 | 951 |
| Other Liabilities + | 2,110 | 2,434 | 2,504 | 2,271 | 3,303 | 3,166 | 3,441 | 3,387 | 3,513 | 4,470 | 4,410 | 4,390 |
| Total Liabilities | 3,479 | 4,124 | 4,114 | 3,826 | 5,121 | 5,941 | 6,445 | 6,741 | 7,053 | 7,807 | 8,009 | 8,077 |
| Fixed Assets + | 554 | 615 | 623 | 629 | 749 | 833 | 803 | 977 | 947 | 956 | 973 | 1,791 |
| CWIP | 14 | 10 | 19 | 32 | 19 | 706 | 893 | 702 | 805 | 959 | 66 | 137 |
| Investments | 348 | 554 | 697 | 371 | 155 | 98 | 60 | 135 | 33 | 29 | 85 | 66 |
| Other Assets + | 2,562 | 2,944 | 2,775 | 2,794 | 4,199 | 4,303 | 4,689 | 4,928 | 5,267 | 5,863 | 6,884 | 6,083 |
| Total Assets | 3,479 | 4,124 | 4,114 | 3,826 | 5,121 | 5,941 | 6,445 | 6,741 | 7,053 | 7,807 | 8,009 | 8,077 |
Financials of ISGEC Heavy Engineering Ltd
Operating, investing and financing cash movement
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 261 | 123 | 236 | 101 | -238 | 104 | 228 | -70 | 208 | 735 | 116 | |
| Cash from Investing Activity + | -239 | -261 | -141 | 276 | 73 | -328 | -164 | -159 | -43 | -274 | -274 | |
| Cash from Financing Activity + | -66 | 66 | -370 | -233 | 93 | 295 | -89 | 176 | -98 | -487 | 108 | |
| Net Cash Flow | -44 | -72 | -275 | 144 | -71 | 71 | -25 | -53 | 67 | -26 | -49 | |
| Free Cash Flow | 179 | -3 | 149 | 2 | -363 | -328 | -11 | -135 | 51 | 493 | -119 | |
| CFO/OP | 124% | 63% | 85% | 60% | -51% | 51% | 67% | 1% | 59% | 154% | 36% |
Financials of ISGEC Heavy Engineering Ltd
Working capital efficiency and return ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 96 | 116 | 106 | 109 | 137 | 111 | 144 | 143 | 161 | 172 | 161 | 148 |
| Inventory Days | 125 | 115 | 183 | 143 | 142 | 125 | 129 | 153 | 110 | 140 | 145 | 162 |
| Days Payable | 179 | 183 | 241 | 189 | 174 | 147 | 182 | 157 | 141 | 141 | 123 | 118 |
| Cash Conversion Cycle | 42 | 48 | 48 | 64 | 105 | 89 | 92 | 138 | 129 | 171 | 183 | 192 |
| Working Capital Days | -6 | -7 | 3 | 42 | 60 | 34 | 53 | 54 | 58 | 61 | 73 | 69 |
| ROCE % | 16% | 21% | 23% | 17% | 15% | 11% | 14% | 8% | 11% | 13% | 15% | 11% |