Isgec Heavy Engineering Limited

BSE: 533033 NSE: ISGEC
Isgec Heavy Engineering Limited - engineering in Haryana, India. FY 2026 financials & compliance.
CIN L23423HR1933PLC000097 Incorporated 23 January 1933 ROC Haryana HQ Haryana, India
Active Listed - NSE: ISGEC · BSE: 533033 Public Limited Company engineering Fortune India 500 · #371
Data last updated
Market Cap
₹6,544 Cr
ISGEC · NSE
Share Price
₹869.95
-2.26% today
Revenue
₹6,789 Cr
FY 2025-26 · +5.7% YoY
EBITDA
₹538 Cr
Margin 7.9%
Net Profit
₹117 Cr
FY 2025-26 · -52.5% YoY
P/E (TTM)
23.8x
P/B 2.4x
Authorised capital
₹8.5 Cr
Registered with MCA
Paid-up capital
₹7.35 Cr
Issued & subscribed

About Isgec Heavy Engineering Limited

Data last updated:

Isgec Heavy Engineering Limited is a public limited company based in Haryana, India. It operates in the engineering sector. It was incorporated on 23 January 1933 and has been in existence for over 93 years.

Isgec Heavy Engineering is ranked #371 on the Fortune India 500 (2025). Its director Ranjit Puri and family are #1,202 among India's richest people (2026).

The company is registered with the Registrar of Companies (ROC), Haryana, under CIN L23423HR1933PLC000097. Its GSTIN is 06AAACT5540K1ZB (Haryana). The company holds 37 GST registrations, of which 29 are active. It is a listed company as per MCA records. Its shares are listed on BSE: 533033 and NSE: ISGEC.

The company has an authorised share capital of ₹8.5 Cr and a paid-up capital of ₹7.35 Cr. It was formerly known as Saraswati Industrial Syndicate Limited and The Saraswati Sugar Syndicate Limited. It is led by directors including Kishore Chatnani (Managing Director) and Sanjay Gulati (Managing Director).

Its last annual general meeting (AGM) was held on 16 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Radaur Roadyamuna Nagar, Haryana, India – 135001.

As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹6,789.26 Cr, a growth of 5.7% compared to the previous year. For the same year it recorded a net profit of ₹117.18 Cr (net margin 1.7%) and EBITDA of ₹538.24 Cr (EBITDA margin 7.9%). The net worth stands at ₹2,736.58 Cr (up 2.1% YoY). Total assets are valued at ₹4,108.21 Cr (down 1.9% YoY).

The company has about 5,834 employees on its provident fund (EPFO) records. Its group structure includes 5 subsidiaries and 4 joint ventures.

The company is associated with 1 brand: Isgec. As per MCA filings, the company has open charges of ₹6,204.6 Cr and satisfied charges of ₹9,189.23 Cr on record. Court records list 373 cases involving the company, including 219 filed by the company and 155 filed against it; 86 cases are pending. The company has 9 deals on record (7 market trades, 2 secondary share transfers); the latest was in February 2025. The company has 42 MSME Form 1 returns on record between 2018 and 2024, listing 3,609 overdue payments to 604 micro and small suppliers.

The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website isgec.com.

Company details

CIN L23423HR1933PLC000097
Registration Number 000097
Incorporation Date 23 January 1933
ROC Haryana
Listing Status Listed - Listed on NSE (ISGEC); Listed on BSE (533033)
Company Status Active
Date of Last AGM 16 September 2025
Date of Balance Sheet 31 March 2026
Compliance Status Active Compliant

Name history

Isgec Heavy Engineering has undergone 2 name changes throughout its history. The company was previously known as Saraswati Industrial Syndicate Limited, and The Saraswati Sugar Syndicate Limited. The current legal name is Isgec Heavy Engineering Limited.

Company NameStatus
Isgec Heavy Engineering LimitedCurrent
Saraswati Industrial Syndicate LimitedPrevious
The Saraswati Sugar Syndicate LimitedPrevious
Key People
Kishore Chatnani Managing Director Sanjay Gulati Managing Director Aditya Puri Managing Director

Recognitions & Rankings of Isgec Heavy Engineering

Fortune India 500 2025 edition
Rank#371
Total income
₹6,526 Cr
Profit
₹249 Cr
Last year #350
India's Most Valuable Companies 2024 edition · Source: Hurun India
Rank#439
Valuation
₹11,200 Cr
India's Richest People 2026 edition · 1 director · Source: Hurun India

Contact details

Isgec Heavy Engineering Limited's registered office is in Haryana. Its website is isgec.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    isgec.com
  • Social Media
  • Registered Address
    Radaur Roadyamuna Nagar, Haryana, India – 135001
  • Industry
    Engineering, Engineering, Procurement & Construction (EPC)

To see the full contact details of Isgec Heavy Engineering Limited, buy the company report.

Comprehensive company report
Isgec Heavy Engineering Limited - one report that includes everything
  • Company details, directors and signatories
  • Historical financials and ratios
  • Shareholding pattern and group structure
  • Charges with holder and property details
  • Legal cases, compliance and MCA filings
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included

Brands

Isgec Heavy Engineering operates one associated brand: Isgec. Each brand links to its own profile.

BrandDescriptionWebsite
Isgec
Engineering solutions are provided across diverse industrial sectors.isgec.com

Business activity

The main business activity of Isgec Heavy Engineering is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
CManufacturingC10Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment

To see the full business activity and turnover split of Isgec Heavy Engineering Limited, buy the company report.

Financials of Isgec Heavy Engineering Limited

FY 2025-26 filings available

Isgec Heavy Engineering Limited reported revenue of ₹6,789.26 Cr (up 5.7% YoY) for FY 2025-26.

Financial Highlights

FY 2025-26 · Consolidated
Revenue
₹6,789 Cr
+5.7% YoY
EBITDA
₹538 Cr
+6.7% YoY
Profit After Tax
₹117 Cr
-52.4% YoY
Net Worth
₹2,737 Cr
+2.1% YoY
Total Assets
₹4,108 Cr
-1.9% YoY
Total Debt
₹951 Cr
-13.4% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue6,7896,4226,2186,3995,4995,4265,882
Revenue growth+5.7%+3.3%-2.8%+16.4%+1.4%-7.8%-
EBITDA538504517472334469344
EBITDA margin+7.9%+7.9%+8.3%+7.4%+6.1%+8.7%+5.9%
Profit before tax308386354290158356214
Net profit117246241195108247142
Net profit margin+1.7%+3.8%+3.9%+3.1%+2.0%+4.6%+2.4%
EPS (₹)14.8133.8933.1426.7214.8033.7119.65
Balance sheet
Total assets4,1084,1903,7003,9213,7423,3973,107
Net worth2,7372,6792,5232,3042,1212,0221,785
Total debt9511,0988141,2351,233983991
Cash & bank397148192211136179214
Net working capital2,0582,0481,6162,0131,6991,4621,336
Cash flow
Cash from operations765116735208(70.30)228104
Cash from investing(193)(274)(274)(43.01)(159)(164)(328)
Cash from financing(341)108(487)(97.76)176(89.16)295
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue1,9802,0481,7391,6911,3561,7441,4951,644
Revenue growth (YoY)+46.0%+17.4%+16.3%+2.9%-11.9%---
Other income13.4762.7017.7934.3818.092.634.3334.14
EBITDA12415614910612415296.40127
EBITDA margin+6.2%+7.6%+8.6%+6.2%+9.1%+8.7%+6.4%+7.7%
Depreciation64.8067.6427.8526.6471.2311.5740.2725.50
Interest19.3720.1116.7219.2025.7713.398.428.03
Profit before tax52.9013112394.2245.1013052.04128
Tax35.4045.8038.2437.9431.7931.6628.9431.93
Net profit17.5084.9784.4456.2813.3198.0623.1095.70
EPS (₹)1.229.969.495.980.949.672.7312.59
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue5,2295,0184,8614,6524,4444,3104,894
Revenue growth+4.2%+3.2%+4.5%+4.7%+3.1%-11.9%-
EBITDA371425383315229352296
EBITDA margin+7.1%+8.5%+7.9%+6.8%+5.2%+8.2%+6.1%
Profit before tax455388304234147285207
Net profit354289232178113218151
Net profit margin+6.8%+5.8%+4.8%+3.8%+2.5%+5.1%+3.1%
EPS (₹)47.1639.9531.5124.2015.3429.6820.82
Balance sheet
Total assets3,6732,8912,3932,6352,4892,1632,062
Net worth2,7342,4172,1551,9461,7831,6751,471
Total debt68527744.58463443209354
Cash & bank24181.8480.9213678.23121136
Net working capital1,6121,4631,4271,7331,3941,2301,135
Cash flow
Cash from operations35936551944.22(134)151(191)
Cash from investing(523)(542)(91.73)55.62(108)36.2922.86
Cash from financing311181(486)(43.64)201(208)219
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue1,5531,6751,3271,2439841,4441,1191,240
Revenue growth (YoY)+57.9%+16.0%+18.6%+0.3%-19.1%---
Other income32.2880.9238.3749.6361.119.828.5614.79
Total expenses1,4291,5871,2351,1509081,3401,0291,126
EBITDA12488.0992.2393.0075.7210390.39114
EBITDA margin+8.0%+5.3%+7.0%+7.5%+7.7%+7.2%+8.1%+9.2%
Depreciation18.2819.3119.0718.1117.4117.8317.0716.53
Interest15.5117.0812.5713.107.516.043.413.38
Profit before tax12313398.9611111289.2078.47109
Tax30.8432.0023.7927.0525.3226.0319.8125.85

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 23 Oct 2026
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue1,9802,0481,7391,6911,3561,7441,4951,644
Revenue growth (YoY)+46.0%+17.4%+16.3%+2.9%-11.9%---
Other income13.4762.7017.7934.3818.092.634.3334.14
EBITDA12415614910612415296.40127
EBITDA margin+6.2%+7.6%+8.6%+6.2%+9.1%+8.7%+6.4%+7.7%
Depreciation64.8067.6427.8526.6471.2311.5740.2725.50
Interest19.3720.1116.7219.2025.7713.398.428.03
Profit before tax52.9013112394.2245.1013052.04128
Tax35.4045.8038.2437.9431.7931.6628.9431.93
Net profit17.5084.9784.4456.2813.3198.0623.1095.70
EPS (₹)1.229.969.495.980.949.672.7312.59
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue6,7896,4226,2186,3995,4995,4265,882
Revenue growth+5.7%+3.3%-2.8%+16.4%+1.4%-7.8%-
Other income13339.3422.0712.7213.2651.9532.19
Total expenses6,2515,9185,7015,9275,1654,9565,538
Employee cost0.00556510463433384422
EBITDA538504517472334469344
EBITDA margin+7.9%+7.9%+8.3%+7.4%+6.1%+8.7%+5.9%
Depreciation278102101104101101101
Interest85.1056.2383.9390.7987.8464.3960.82
Profit before tax308386354290158356214
Tax15412298.9784.4943.1110365.32
Net profit117246241195108247142
Net profit margin+1.7%+3.8%+3.9%+3.1%+2.0%+4.6%+2.4%
EPS (₹)14.8133.8933.1426.7214.8033.7119.65
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital7.357.357.357.357.357.357.35
Reserves & surplus2,7292,6722,5152,2972,1142,0141,777
Shareholders' funds (net worth)2,7372,6792,5232,3042,1212,0221,785
Minority interest15111095.9887.7881.1777.7874.67
Secured loans2447207691,1571,193946956
Unsecured loans70737745.7978.4639.9936.7934.50
Total debt9511,0988141,2351,233983991
Total liabilities4,1084,1903,7003,9213,7423,3973,107
Assets
Gross block3,0242,8701,7521,6511,5821,3071,239
Net block1,7901,914956947977803833
Capital work in progress13866.37959805702893706
Investments66.1510228.5133.3513560.0698.18
Inventories1,6531,4921,4101,1641,4031,1531,196
Sundry debtors2,7512,8332,9292,8202,1522,1451,793
Cash & bank balances397148192211136179214
Loans & advances1,1891,3341,1929511,0071,026965
Total current assets5,9905,8075,7235,1454,6994,5034,168
Total current liabilities3,9323,7594,1073,1322,9993,0412,833
Net working capital2,0582,0481,6162,0131,6991,4621,336
Total assets4,1084,1903,7003,9213,7423,3973,107
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash93.12143168101155180108
Net cash from operating activities765116735208(70.30)228104
Net cash from investing activities(193)(274)(274)(43.01)(159)(164)(328)
Net cash from financing activities(341)108(487)(97.76)176(89.16)295
Net change in cash231(49.49)(25.54)66.87(53.27)(25.19)71.29
Closing cash397148192211136179214
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+5.7%+3.3%-2.8%+16.4%+1.4%-7.8%-
EBITDA growth+6.7%-2.4%+9.4%+41.4%-28.8%+36.3%-
PBT growth-20.1%+9.0%+22.0%+83.5%-55.6%+65.9%-5.5%
Net income growth-52.5%+2.3%+23.2%+81.1%-56.3%+73.5%-
Revenue CAGR (3Y)+2.0%+5.3%+4.7%+2.9%+2.9%+12.7%+14.5%
EBITDA CAGR (3Y)+4.4%+14.7%+3.3%+11.1%+5.4%+15.0%-5.4%
Profitability & leverage
Net income margin+2.3%+4.1%+4.1%+3.2%+2.1%+4.7%+2.5%
Return on capital employed-+13.6%+11.8%+10.2%+7.1%+13.2%+10.6%
Return on net worth-+9.9%+10.6%+9.3%+5.6%+13.3%+9.0%
Debt / equity-0.320.420.560.530.520.39
Long-term debt / equity-0.130.180.210.240.240.14
Interest cover32.7413.9720.2024.6637.7517.4825.02
Efficiency & per share
Fixed asset turnover-3.603.653.963.814.265.12
Inventory turnover-4.454.834.994.304.624.89
Debtors turnover-2.232.162.572.562.763.19
EPS (₹)14.8133.8933.1426.7214.8033.7119.65
Dividend per share (₹)6.005.004.003.002.003.002.00
Book value per share (₹)0.00372.48343.07313.39288.45274.93242.71
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue1,5531,6751,3271,2439841,4441,1191,240
Revenue growth (YoY)+57.9%+16.0%+18.6%+0.3%-19.1%---
Other income32.2880.9238.3749.6361.119.828.5614.79
Total expenses1,4291,5871,2351,1509081,3401,0291,126
EBITDA12488.0992.2393.0075.7210390.39114
EBITDA margin+8.0%+5.3%+7.0%+7.5%+7.7%+7.2%+8.1%+9.2%
Depreciation18.2819.3119.0718.1117.4117.8317.0716.53
Interest15.5117.0812.5713.107.516.043.413.38
Profit before tax12313398.9611111289.2078.47109
Tax30.8432.0023.7927.0525.3226.0319.8125.85
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue5,2295,0184,8614,6524,4444,3104,894
Revenue growth+4.2%+3.2%+4.5%+4.7%+3.1%-11.9%-
Other income23061.1244.7434.9926.0435.6118.58
Total expenses4,8584,5944,4784,3374,2153,9584,598
Employee cost501432389343319279313
EBITDA371425383315229352296
EBITDA margin+7.1%+8.5%+7.9%+6.8%+5.2%+8.2%+6.1%
Depreciation73.9067.2766.6263.1165.3967.8473.71
Interest71.8330.1457.3052.6742.8435.3433.38
Profit before tax455388304234147285207
Tax10894.5672.1956.4734.2566.3054.37
Net profit354289232178113218151
Net profit margin+6.8%+5.8%+4.8%+3.8%+2.5%+5.1%+3.1%
EPS (₹)47.1639.9531.5124.2015.3429.6820.82
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital7.357.357.357.357.357.357.35
Reserves & surplus2,7262,4102,1471,9381,7761,6671,463
Shareholders' funds (net worth)2,7342,4172,1551,9461,7831,6751,471
Secured loans56.6524.1110.59433422195341
Unsecured loans62825333.9930.0521.0014.2912.62
Total debt68527744.58463443209354
Total liabilities3,6732,8912,3932,6352,4892,1632,062
Assets
Gross block1,1931,1201,028983930877848
Net block505495456471475483519
Capital work in progress13155.9233.6916.678.358.637.66
Investments207244168180288213251
Inventories1,039796778641552476511
Sundry debtors2,8723,0143,1072,7882,2792,3591,990
Cash & bank balances24181.8480.9213678.23121136
Loans & advances831649934887916898869
Total current assets4,9834,5414,8994,4523,8253,8543,506
Total current liabilities3,3723,0783,4722,7192,4312,6242,371
Net working capital1,6121,4631,4271,7331,3941,2301,135
Total assets3,6732,8912,3932,6352,4892,1632,062
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash67.5362.9912265.9510712775.97
Net cash from operating activities35936551944.22(134)151(191)
Net cash from investing activities(523)(542)(91.73)55.62(108)36.2922.86
Net cash from financing activities311181(486)(43.64)201(208)219
Net change in cash1484.55(59.16)56.20(40.70)(20.70)51.39
Closing cash24181.8480.9213678.23121136
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+4.2%+3.2%+4.5%+4.7%+3.1%-11.9%-
EBITDA growth-12.7%+10.8%+21.5%+37.5%-34.9%+19.0%-
PBT growth+17.1%+27.8%+29.7%+59.4%-48.3%+37.1%+2.2%
Net income growth+22.4%+24.7%+30.2%+57.9%-48.1%+44.1%-
Revenue CAGR (3Y)+4.0%+4.1%+4.1%-1.7%+2.5%+18.4%+17.3%
EBITDA CAGR (3Y)+5.5%+22.8%+2.9%+2.1%-4.7%+24.9%+2.9%
Profitability & leverage
Net income margin+6.6%+5.9%+4.8%+3.8%+2.5%+5.1%+3.1%
Return on capital employed+16.1%+15.8%+14.4%+11.2%+8.2%+15.1%+12.7%
Return on net worth+13.5%+12.9%+11.3%+9.5%+6.5%+13.9%+10.9%
Debt / equity0.190.070.120.240.190.180.15
Long-term debt / equity0.140.050.010.030.060.030.00
Interest cover24.218.4318.1120.8926.1412.4315.02
Efficiency & per share
Fixed asset turnover4.524.674.844.864.925.006.07
Inventory turnover5.706.386.857.808.658.748.72
Debtors turnover1.781.641.651.841.921.982.58
EPS (₹)47.1639.9531.5124.2015.3429.6820.82
Dividend per share (₹)6.005.004.003.002.003.002.00
Book value per share (₹)371.78328.70293.03264.62242.52227.75199.99

To see the full year-wise statements and ratios of Isgec Heavy Engineering Limited, buy the company report.

Board of directors of Isgec Heavy Engineering Limited

Isgec Heavy Engineering has 8 current directors and 12 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Ranjit Puri
Also directs: The Yamuna Syndicate Limited, Saraswati Sugar Mills Limited, Isgec Engineering and Projects Limited
Director14 Oct 198145 Years 0 MonthsCurrent
Arvind SagarDirector28 Jun 20215 Years 3 MonthsCurrent
Kishore Chatnani
Also directs: The Yamuna Syndicate Limited, Isgec Engineering and Projects Limited, Isgec Covema Limited. and 2 more
Managing Director01 Oct 20251 Years 0 MonthsCurrent
Sanjay Gulati
Also directs: Isgec Hitachi Zosen Limited
Managing Director01 Oct 20251 Years 0 MonthsCurrent
Aditya Puri
Also directs: The Yamuna Syndicate Limited, Saraswati Sugar Mills Limited, Isgec Engineering and Projects Limited and 5 more
Managing Director30 Apr 199630 Years 5 MonthsCurrent
Rashi Sikka
Also directs: RSR Design Solutions Private Limited, Uv Enterprises Private Limited
Director28 May 20224 Years 4 MonthsCurrent
Showing 6 of 8 current directors. View all directors

Auditor

Isgec Heavy Engineering Limited is audited by SCV & Co. LLP for the financial year 2023.

Auditor firmFinancial yearFirm registration number
SCV & Co. LLPFY 2023000235N/ N500089

Shareholding

Shareholding for the quarter ended Sep 2026: promoters hold 62.40%, foreign institutional investors hold 3.80%, domestic institutional investors hold 10.20% and retail and other public shareholders hold 23.60%.

Promoters: 62.40%DII (Domestic Institutional): 10.20%FII (Foreign Institutional): 3.80%Retail & Others: 23.60%
Sep 2026
QUARTER
62.40% Promoters
10.20% DII (Domestic Institutional)
3.80% FII (Foreign Institutional)
23.60% Retail & Others
Promoter holding - history
Now 62.40% · Sep 2026High 62.40% · Dec 2025Low 62.40% · Dec 2025
61%61.8%62.5%63.3%64%Dec 2025Mar 2026Jun 2026Sep 2026Dec 2025: 62.40%Mar 2026: 62.40%Jun 2026: 62.40%Sep 2026: 62.40%62.40%62.40%
Shareholding trend - last 6 quarters
Sep 2026Jun 2026Mar 2026Dec 2025
Promoters62.40%62.40%62.40%62.40%
Public37.60%37.60%37.60%37.60%

Charges & borrowings

Open charges
₹6,204.6 Cr
Satisfied charges
₹9,189.23 Cr
Breakdown by lending institutions
Sbicap Trustee Company Limited₹5,500.00 Cr
Others₹584.60 Cr
Hdfc Bank Limited₹120.00 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
28 Aug 2025101146813Others₹149.6 CrOpen
16 Jun 2025101107192Others₹435 CrOpen
09 May 2024100924475Hdfc Bank Limited₹120 CrOpen
15 Oct 2019100299476Sbicap Trustee Company Limited₹5,500 CrOpen
25 Jan 2021100414315Hdfc Bank Limited₹200 CrSatisfied

To see the full charge records of Isgec Heavy Engineering Limited, buy the company report.

Total charge records: 50 View all charges

Deals & funding

Isgec Heavy Engineering Limited has 9 deals on record (7 market trades, 2 secondary share transfers); the latest was in February 2025.

Total deals
9
Market trades
7
Secondary share transfers
2

Deals on record (5 of 9)

WhenDealAmountParties
Feb 2025Market trade₹95.5 CrBuyer: Nippon India Small Cap Fund
Seller: Goldman Sachs Funds - Goldman Sachs India Equity Portfolio
Sep 2021Market trade₹201.86 CrBuyer: Goldman Sachs Funds - Goldman Sachs India Equity Portfolio
Seller: Goldman Sachs Public Market Fund
Apr 2019Market trade₹42 CrSeller: an individual
Jun 2014Secondary share transferUndisclosedBuyer: Goldman Sachs Public Market Fund
Seller: Shri Parasram Holdings Private Limited
Jun 2014Market trade₹21.14 CrBuyer: Goldman Sachs Public Market Fund
Seller: Shri Parasram Holdings Private Limited

To see the full deal history of Isgec Heavy Engineering Limited, buy the company report.

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

Credit ratings & regulatory alerts

Isgec Heavy Engineering Limited was last rated by Icra on 25 May 2021.

Rating agencyRated onRating
Icra25 May 2021

To see the full credit ratings and regulatory alerts of Isgec Heavy Engineering Limited, buy the company report.

MSME payment delays

Isgec Heavy Engineering Limited has 42 MSME Form 1 returns on record between 2018 and 2024, listing 3,609 overdue payments to 604 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.

Suppliers with reported dues (5 of 604)

SupplierAmount dueDue sinceReported on
Kisaan Engineering Works Private Limited
Teleios Enviro Private Limited
B.B.N. Engineering Private Limited
Speed-O-Controls Private Limited
Kinelectro Lines India Private Limited

To see the full MSME payment records of Isgec Heavy Engineering Limited, buy the company report.

Individuals and sole proprietors among the suppliers are not named.

Group structure & subsidiaries

Isgec Heavy Engineering has 5 subsidiary companies and 4 joint ventures. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.

5
Subsidiary companies
4
Joint ventures
Key subsidiaries
Company NameCINShares held
Saraswati Sugar Mills LimitedU01115HR2000PLC034519
Isgec Engineering and Projects LimitedU29248HR2007PLC036695
Isgec Exports Limited.U51909DL1996PLC076750
Isgec Covema Limited.U52109DL1986PLC025908
Free Look Software Private LimitedU72200DL2005PTC133918

To see the full group structure of Isgec Heavy Engineering Limited, buy the company report.

Employees & EPFO

Isgec Heavy Engineering Limited has a workforce of 5,834 employees on its EPFO records as of Apr 04, 2024, across 9 active EPFO establishments.

Employee count
5,834
Active EPFO establishments
9
Employee growth
20.81%

GST

Isgec Heavy Engineering has 37 GST registrations: 29 active and 8 cancelled or inactive. The first 4 active GSTINs are listed below.

Total GSTINs
37
Active
29
Cancelled / inactive
8
GSTINStateStatusRegistered on
06AAACT5540K1ZBHaryanaActive01 Jul 2017
06AAACT5540K2ZAHaryanaActive08 Mar 2019
03AAACT5540K1ZHPunjabActive01 Jul 2017
08AAACT5540K1Z7RajasthanActive01 Jul 2017

To see the full GST registrations and return filing status of Isgec Heavy Engineering Limited, buy the company report.

Recent activity

Isgec Heavy Engineering Limited has 31 board changes on record since 1978: 20 appointments and 11 cessations. The latest: Sidharth Prasad ceased to be Director on 31 Oct 2025.

Filing
Isgec Heavy Engineering Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Haryana.
Ceased
Sidharth Prasad ceased to be Director.
Appointed
Kishore Chatnani was appointed as Managing Director.
Appointed
Sanjay Gulati was appointed as Managing Director.
AGM
Isgec Heavy Engineering Limited last Annual general meeting of members was held on 16 Sep 2025 as per latest MCA records.
Ceased
Vishal Kirti Keshav Marwaha ceased to be Director.
Charges
A charge with Others amounted to Rs. 149.60 Cr with Charge ID 101146813 was registered on 28 Aug 2025.
Appointed
Rajiv Roychaudhury was appointed as Director.
Appointed
Vivek Dhir was appointed as Director.
Charges
A charge with Others amounted to Rs. 435.00 Cr with Charge ID 101107192 was registered on 16 Jun 2025.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 120.00 Cr with Charge ID 100924475 was registered on 09 May 2024.
Charges
A charge registered on 25 Jan 2021 via Charge ID 100414315 with Hdfc Bank Limited was fully satisfied on 19 Apr 2024.

146 earlier events are in the company report.

News

Isgec Heavy Engineering: To Hold Meeting With Analysts And Investors On September 22 At 11 AM
17 Sep 2026 · Exchange Update

Frequently asked questions

Isgec Heavy Engineering is an active public limited company based in Haryana, India. The company works in the engineering industry. It was incorporated on 23 January 1933 (93+ years old) and is registered under CIN L23423HR1933PLC000097. Listed on BSE: 533033 and NSE: ISGEC.

Isgec Heavy Engineering reported revenue of ₹6,789.26 Cr for FY 2025-26 (up 5.7% YoY) based on consolidated financials.

Isgec Heavy Engineering has 8 current directors:

The latest financial statements of Isgec Heavy Engineering on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 16 September 2025. Year-wise statements from 2015 are in the company report.

The GSTIN of Isgec Heavy Engineering is 06AAACT5540K1ZB, registered in Haryana. The company has 37 GST registrations in all, of which 29 are active and 8 are cancelled or inactive. Other active GSTINs include 06AAACT5540K2ZA (Haryana), 03AAACT5540K1ZH (Punjab), 08AAACT5540K1Z7 (Rajasthan).

The CIN (Corporate Identification Number) of Isgec Heavy Engineering is L23423HR1933PLC000097. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Yes. Isgec Heavy Engineering is a listed company as per MCA records. Its shares are listed on both BSE (code: 533033) and NSE (symbol: ISGEC).

Isgec Heavy Engineering has 373 court cases on record: 219 filed by the company and 155 filed against it. 86 are pending. Most are in the high courts.

Isgec Heavy Engineering was incorporated on 23 January 1933, making it 93+ years old. It is registered with the Registrar of Companies, Haryana.

Isgec Heavy Engineering has 9 deals on record (7 market trades, 2 secondary share transfers); the latest was in February 2025.

Sidharth Prasad ceased to be Director on 31 Oct 2025. Kishore Chatnani was appointed as Managing Director on 01 Oct 2025. Sanjay Gulati was appointed as Managing Director on 01 Oct 2025. Isgec Heavy Engineering has 31 board changes on record in total.