Synopsis: ISGEC Heavy Engineering Ltd shares rose 20% after Q3 results, with revenue up 16% YoY to ₹1,739 crore and net profit soaring 265% YoY to ₹84.4 crore. The earnings per share (EPS) for the quarterly period stood at ₹ 9.49.
The shares of the Small-Cap company specializing in the design, engineering, manufacturing, and project management of heavy industrial equipment and turnkey projects are in focus following their Q3 results, with a 265 percent jump in profit.
With a market capitalization of Rs. 6,897.07 Crores on the Day’s Trade, the shares of ISGEC Heavy Engineering Ltd hit a 20 percent upper circuit, reaching a high of Rs. 946.10 compared to its previous close of Rs. 788.45.
What Happened
ISGEC Heavy Engineering Ltd, engaged in the design, engineering, manufacturing, and project management of heavy industrial equipment and turnkey projects, is in the spotlight today as it has announced its Q3 results as follows:
Its Revenue from operations rose by 16 percent YoY from Rs. 1,495 Crores in Q3FY25 to Rs. 1,739 Crores in Q3FY26, and it rose by 3 percent QoQ from Rs. 1,691 Crores in Q2FY26 to Rs. 1,739 Crores in Q3FY26.
Its Net Profit YoY rose by 265 percent from Rs. 23.1 Crores in Q3FY25 to Rs. 84.4 Crores in Q3FY26, and on a QoQ basis, it rose by 50 percent from Rs. 56.3 Crores in Q2FY26 to Rs. 84.4 Crores in Q3FY26. The earnings per share (EPS) for the quarterly period stood at Rs. 9.49, compared to Rs. 5.98 in the previous year’s quarter.
Other Updates
The Board of Directors has approved capital expenditure of Rs. 22.6 crore for capacity addition through setting up a new Machining Shop for the Iron Foundry Division. This investment is aimed at strengthening in-house machining capabilities and supporting future growth.
The Board has also approved capital expenditure of Rs. 218 crore for the expansion of the Machine Building Division. Further, the proposed investment for the Process Skids & Modules facility at the SEZ, Dahej, has been enhanced from Rs. 87 crore to Rs. 110 crore to accommodate updated scope and capacity requirements.
Isgec Heavy Engineering Ltd. is a diversified, old public heavy engineering company (formerly Indian Sugar and General Engineering Corporation) based in India, with a presence in many countries. It provides engineering solutions, including process equipment, industrial boilers, presses, and EPC projects for industries like oil & gas, steel, and sugar. Known for high-end manufacturing and strategic global partnerships, it serves top clients.
The management has identified five operating segments: Manufacturing of Machinery and Equipment, Industrial Projects, Sugar, Ethanol, and Ethanol Plant in the Philippines. These segments reflect the diverse nature of the Company’s operations across manufacturing, project execution, and agri-based businesses.
The Company maintains a decent return profile with a ROCE of 14.8% and ROE of 9.37%, reflecting efficient use of capital and shareholders’ funds. The PEG ratio of 0.66 indicates reasonable valuation relative to growth, while a low debt-to-equity ratio of 0.33 highlights a comfortable leverage position and financial stability.
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