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ISGEC Heavy Engineering Ltd (ISGEC)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 533033 NSE: ISGEC Engineering - Construction | Small Cap | ISGEC Heavy Engg. Share Price

₹892 41.35 (4.86%)

As on 25-Sep'26 16:59

ISGEC Heavy Engineering Ltd (ISGEC)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 533033 NSE: ISGEC Engineering - Construction | Small Cap | ISGEC Heavy Engg. Share Price

₹892 41.35 (4.86%)

As on 25-Sep'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹6,559 Cr.
Current Price
₹892
52-Week Low / High
₹683 / 1,124
TTM EPS
₹26.6
TTM Sales
₹7,458 Cr.
Book Value per Share
₹374.6
P/E Ratio
33.48
Higher than its 5-year historical median
Industry PE
24.3
Price to Book (P/B)
2.38
In line with its 5-year historical median
Price to Sales (P/S)
0.88
Lower than its 5-year historical median
EV/EBITDA
9.45
Lower than its 5-year historical median
Dividend Yield
0.67%
Profitability Efficiency
Return on Equity (ROE)
5.69%
Underperforms industry median
Return on Capital Employed (ROCE)
11.38%
Underperforms industry median
Return on Assets (ROA)
1.90%
Operating Profit Margin
10.2%
Net Profit Margin
2.27%
Gross Profit Margin
8.9%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
4.19%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
7.24%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
-24.63%
Asset Quality
Promoter Holding
62.43%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹2,747 Cr.
Equity
₹7.4 Cr.
Face Value
₹1
All Time Low / High
₹5.00 / 1677.25

ISGEC Heavy Engineering stock performance

Key Ratios
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Check Before You Invest

Quality

Somewhat Good
Check detailed performance

Valuation

Fair

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Price Trend

Strong
Check Price chart
Q.1 Is ISGEC Heavy Engineering Ltd a good quality company?
ISGEC Heavy Engineering Ltd is a average quality company, based on a somewhat consistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

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We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

View More
How does ISGEC Heavy Engineering Ltd performance compare with that of its Peers?
Q.1 Revenue growth of ISGEC Heavy Engineering Ltd vs industry peers?
ISGEC Heavy Engineering Ltd revenue CAGR is 4.59%, compared to the industry median CAGR of 0%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of ISGEC Heavy Engineering Ltd?
Promoters hold 62.43% of the ISGEC Heavy Engineering Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of ISGEC Heavy Engineering Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 6.6% based on the current price.
View More

10 Year X-Ray :

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
ISGEC Heavy Engineering Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation ⓘ

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
ROCE % ⓘ24.1%14.6%17.3%14.9%17.4%9.3%12.5%15.8%17.2%17.3%-
Value Creation
Index ⓘ		0.70.10.20.10.2-0.3-0.10.20.30.3-

Growth Parameters ⓘ
Sales ⓘ3,0322,6004,1294,8944,3104,4444,6524,8615,0185,2295,798
Sales YoY Gr.--14.2%58.8%18.5%-11.9%3.1%4.7%4.5%3.2%4.2%-
Adj EPS ⓘ21.916.317.521.530.915.624.331.539.938.547.9
YoY Gr.--25.7%7.7%22.9%43.8%-49.5%55.6%29.5%26.7%-3.6%-
BVPS (₹) ⓘ153.1166.3183.2200227.8242.5264.6293328.7371.8384.3
Adj Net
Profit ⓘ		161119129158227115179232293283352
Cash Flow from Ops. ⓘ155-113-162-191151-13444.2519365359-
Debt/CF from Ops. ⓘ0.7-0.7-0.5-1.81.3-3.210.10.10.71.9-

CAGR ⓘ

9 Years 5 Years 3 Years 1 Years
Sales ⓘ6.2%3.9%4%4.2%
Adj EPS ⓘ6.5%4.5%16.5%-3.6%
BVPSⓘ10.4%10.3%12%13.1%
Share Price 7.1% 3.6% 7.8% -0.6%

Key Financial Parameters ⓘ

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
Return on
Equity % ⓘ		15.510.21011.214.56.69.611.312.81112.7
Op. Profit
Mgn % ⓘ		97.56.86.38.55.36.988.67.87.1
Net Profit
Mgn % ⓘ		5.34.63.13.25.32.63.84.85.95.46.1
Debt to
Equity ⓘ		0.10.10.10.20.10.20.200.10.2-
Working Cap
Days ⓘ		238292246260321333340366374387153
Cash Conv.
Cycle ⓘ		530638110011413516618317846

Valuation of ISGEC Heavy Engg. - Consolidated

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

mw4me loader

Analyst's Notes

data not found
No data found!

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Financials

PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Sales3,9173,7915,0515,8825,4265,4996,3996,2186,4256,789
Operating Expenses ⓘ + 3,5103,4824,7655,5384,9575,1655,9275,6725,8816,206
Manufacturing Costs7006898271,1859671,0541,1781,1521,1491,245
Material Costs2,0912,0893,0763,4453,2613,3543,8753,6733,7173,709
Employee Cost 327340375422384433463510568666
Other Costs ⓘ 391364486486345325411337447586
Operating Profit ⓘ 407308286344469334472547544583
Operating Profit Margin (%) 10.4%8.1%5.7%5.9%8.6%6.1%7.4%8.8%8.5%8.6%
Other Income ⓘ + 945769325213132239133
Exceptional Items ⓘ 000000000-16
Interest ⓘ 583445616488918482113
Depreciation ⓘ 758182101101101104101175278
Profit Before Tax ⓘ 367251227214356158290383326308
Tax ⓘ 119838365103438499122154
Profit After Tax 248168144149253115206284204154
PAT Margin (%) 6.3%4.4%2.9%2.5%4.7%2.1%3.2%4.6%3.2%2.3%
Adjusted EPS (₹)32.921.419.419.733.714.826.733.125.814.8
Dividend Payout Ratio (%)9.10%7.50%10.30%10.20%8.90%13.50%11.20%12.10%19.40%40.50%
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26

Equity and Liabilities

Shareholders Fund + 1,2541,3811,5151,7852,0222,1212,3042,5232,6792,737
Share Capital ⓘ 7.357.357.357.357.357.357.357.357.357.35
Reserves ⓘ 1,2461,3741,5081,7772,0142,1142,2972,5152,6722,729
Debt +3371433049388801,0421,054676966727
Long Term Debt37056386464465433406402517
Short Term Debt300143248552417577621270564209
Minority Interest6172727578818896110151
Trade Payables1,4171,1101,4821,4091,6221,4451,4971,4231,2541,200
Others Liabilities ⓘ 1,1531,2341,8901,8741,9182,0992,2163,2683,0313,358
Total Liabilities ⓘ 4,2213,9405,2636,0806,5206,7887,1597,9858,0418,173

Fixed Assets

Net Fixed Assets ⓘ +6236297498338039779479561,9141,790
Gross Block1,2731,3311,0581,2391,3071,5821,6521,7542,8723,026
Accumulated Depreciation6507023094065046057047979581,235
CWIP ⓘ 19321970689370280595966138
Investments ⓘ 6973711559860135332910266
Inventories1,0768401,2091,1961,1531,4031,1641,4101,4921,653
Trade Receivables1,1331,1361,8931,7932,1452,1522,8202,9292,8332,751
Cash Equivalents 142240140214179136211192148397
Others Assets ⓘ 5316921,0991,2391,2861,2831,1791,5101,4861,377
Total Assets ⓘ 4,2213,9405,2636,0806,5206,7887,1597,9858,0418,173
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Cash Flow From Operating Activity ⓘ + 236101-238104228-70208735116765
PBT ⓘ 367251227214356158290354326308
Adjustment ⓘ 27346384160143150169265351
Changes in Working Capital ⓘ -47-101-438-123-201-298-161319-375279
Tax Paid ⓘ -110-84-90-72-87-74-71-107-100-173
Cash Flow From Investing Activity ⓘ + -14127670-347-186-141-58-232-304-131
Capex -91-99-125-431-238-64-156-242-235-165
Net Investments -863572287849-831006-6941
Others ⓘ 3618-33646-23-1-7
Cash Flow From Financing Activity ⓘ + -370-23393295-89176-98-487108-341
Net Proceeds from Shares ⓘ 0000000000
Net Proceeds from Borrowing ⓘ 00084107108-62-25-46193
Interest Paid ⓘ -42-23-30-38-39-76-55-78-104-129
Dividend Paid ⓘ -18-24-5-27-17-10-17-25-32-41
Others ⓘ -309-186129276-14015437-359290-364
Net Cash Flow ⓘ -275144-7452-47-365116-80293
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Ratios
ROE (%)21.7612.789.949.0413.35.559.2911.787.865.69
ROCE (%)25.7618.0116.1112.0714.77.8111.1513.7111.5711.38
Asset Turnover Ratio0.960.941.11.040.860.830.920.820.80.84
PAT to CFO Conversion(x)0.950.6-1.650.70.9-0.611.012.590.574.97
Working Capital Days
Receivable Days115.40108.30109.40114.40132.50142.60141.80168.70163.70150.10
Inventory Days88.7091.407474.607984.8073.2075.6082.4084.50
Payable Days247.90220.70153.80153.10169.60166.90138.60145.10131.40120.70

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ISGEC Heavy Engineering Ltd FAQs

The current trading price of ISGEC Heavy Engg. on 25-Sep-2026 16:59 is ₹892.0.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 24-Sep-2026 the market cap of ISGEC Heavy Engg. stood at ₹6,558.8 Cr

The latest P/E ratio of ISGEC Heavy Engg. as of 24-Sep-2026 is 18.62.

The latest P/B ratio of ISGEC Heavy Engg. as of 24-Sep-2026 is 2.32.

The 52-week high of ISGEC Heavy Engg. is ₹1,124 and the 52-week low is ₹682.8.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of ISGEC Heavy Engg. is ₹5,798 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that ISGEC Heavy Engineering Ltd is a average quality company.

The key valuation ratios of ISGEC Heavy Engineering Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of ISGEC Heavy Engineering Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

About ISGEC Heavy Engineering Ltd

Isgec Heavy Engineering (Isgec) (formerly known as Saraswati Sugar Syndicate) is a diversified heavy engineering company engaged in manufacturing and project businesses with an extensive global presence. Over the years, it had provided state-of-the-art, sustainable engineering solutions, to its customers & such projects spread across several countries. Isgec manufactures among other Process Equipment, Presses, Iron & Steel Castings, and Boiler Pressure Parts. Isgec’s portfolio includes turnkey projects for setting up Air Pollution Control Equipment, Boilers, Power Plants, Sugar Plants, Distilleries, Factories, Industrial Water Treatment Facilities and Material Handling Facilities. Isgec possesses strengths in Construction and to address requirements of a wide spectrum of industries in power, fertilizer, sugar, oil & gas, petrochemicals, steel, cement, chemicals, railways, mines, and ports. The company has number of joint ventures as well as strategic technology partnerships with leading global entities.

Business area of the company

The company is a multi-product, multi-location public company that has been providing engineering solutions to customers around the world for over the years. The company’s business areas include Process Equipment, EPC Projects, Boilers, Sugar Plants & Distilleries, Presses, Steel Castings, Iron Castings, Air Pollution Control Equipment, Contract Manufacturing, and Liquified Gas Containers.

Milestones

  • 1993: Founded as Saraswati Sugar Syndicate Limited.
  • 1946: Commenced the manufacturing of engineering goods.
  • 1947: Isgec shifts Registered Office from Lahore, (undivided India) to Abdullapur (now Yamunanagar in Haryana, India).
  • 1947: Saraswati Sugar Mills (SSM) is established at Yamunanagar.
  • 1959: Agreement with John Thompson Ltd., UK for manufacture of Boilers.
  • 1963: The Saraswati Sugar Syndicate Ltd. name changed to Saraswati Industrial Syndicate Ltd. (SIS Ltd.) and Isgec is amalgamated with SIS Ltd.
  • 1964: Collaboration agreement with John Thompson Water Tube Boilers Ltd. for the manufacture of high pressure boilers having output in excess of 50 MW.
  • 1964: First Ton Container is manufactured.
  • 1965: Established Isgec John Thompson Ltd. (IJT) for manufacturing Industrial boilers.
  • 1967: Licenses received for manufacture of Hydraulic Machinery in collaboration with John Shaw and Sons (Salford) Ltd., Salford Lancashire (UK).
  • 1967: Presses Division is formed.
  • 1968: Production of Hydraulic Presses is started with technical knowhow from John Shaw, UK.
  • 1968: Presses Division executes first order of 25T Hydraulic Press supplied to Carbon Products, Calcutta.
  • 1969: Items manufactured for the first time: Heavy Hydraulic Presses; Variable Speed Rotators; Large Traveling Grate Stoker; Sophisticated and intricate Alloy Iron Castings; Horton Sphere for the storage of Liquid Petroleum Gas.
  • 1970: Licenses received for manufacture of Plate Bending Rolls, Galvanizing Baths, Fabrication of High Pressure Piping and Heat Exchangers.
  • 1974: License issued for manufacture of Water Treatment Plant.
  • 1977: Listed on the Delhi Stock Exchange.
  • 1981: Acquired a steel castings unit in Muzaffarnagar, Uttar Pradesh.
  • 1985: Entered into a technology transfer agreement with Rovetta Presse Spa, Italy for manufacturing mechanical presses.
  • 1988: Isgec John Thompson Ltd. (IJT) signed a technology tie-up with Pyropower of A. Ahlstrom Corporation for Fluidized Bed Combustion (CBFC) boilers.
  • 1995: Isgec, Yamunanagar receives ISO-9001 certification.
  • 1995: Manufacture Ladle Turrets for the Continuous Caster of the Rourkela Steel Plant - a first for India.
  • 1998: Signed licensing agreement with Amec Foster Wheeler North America Corp. for Circulating Fluidised Bed Combustion (CFBC) Boilers up to 60 MW.
  • 1998: Signed licensing agreement with Belleli, Italy for the manufacturing of high-pressure reactors used in oil refineries and petrochemical plants.
  • 1999: Company Head Office shifts to Noida in Uttar Pradesh, India.
  • 2001: Receive patent for Liquefied Gas Containers from Mexico.
  • 2002: Receive patent for Liquefied Gas Containers from USA.
  • 2004: Overseas offices open in Germany and USA.
  • 2004: Receive second patent for Liquefied Gas Containers from USA.
  • 2005: Isgec logo undergoes a change so as to make the lettering more legible and the font more in line with modern times.
  • 2006: Technology License Agreement with ABB Lummus Heat Transfer, USA to market, sell and manufacture Helix Heat Exchangers (Helixchanger) products.
  • 2007: IJT Design office starts at Chennai.
  • 2007: Receive patents for Liquefied Gas Containers from India and China.
  • 2007: Group Turnover surpassed Rs 1000 crore.
  • 2008: New plant at Dahej, Gujarat in India commences production. Set up to manufacture heavier and bigger process plant equipment for the overseas market.
  • 2008: Receive PIE certification, necessary for marketing Liquefied Gas Containers in Europe.
  • 2008: Listed on the Bombay Stock Exchange.
  • 2008: Set up Dahej plant in Gujarat for large Process Equipment.
  • 2009: Bawal Plant was established to manufacture standard presses.
  • 2009: Agreement with Hitachi Zosen, Japan for technology transfer for the manufacture of Chrome-Moly Vanadium Reactors and critical equipment for the Fertilizer sector.
  • 2009: Group turnover exceeded Rs 2,000 crore.
  • 2012: Formed a joint venture with Hitachi Zosen, Japan, to manufacture critical process equipment.
  • 2010: Technology Agreement with Belleli, Italy for manufacture of Vessels with complex chemistries for Oil, Gas & Power sectors primarily for India.
  • 2010: Licensing agreement with Amec Foster Wheeler North America Corp. (formerly Foster Wheeler North America Corp.) for technology transfer to engineer, design, manufacture and sell PC fired sub-critical and super-critical boilers for 60-1000 MW unit capacities.
  • 2010: First barge operation by Isgec. Vessels exported to Algeria from jetty & port at Dahej.
  • 2011: Isgec logo undergoes a minor change. The transition from fixed triangles in the logo to a more fluid and open format represent the growing dynamism in the company.
  • 2011: Company turnover crosses Rs 2000 crore.
  • 2011: IJT Design office is started at Pune.
  • 2011: Largest Vessel (Coke Drums for installation at MRPL Refinery) manufactured at Dahej and dispatched by barge.
  • 2011: Company name changes from Saraswati Industrial Syndicate Ltd. to Isgec Heavy Engineering Ltd. All businesses consolidated and now marketed under a common brand name - Isgec.
  • 2011: Process Equipment business vertical receives 'N' and 'NPT' stamps from ASME for manufacture of equipment for Nuclear Plants.
  • 2012: Group turnover crossed Rs 3,000 crore.
  • 2012: Company forms a new joint venture with Hitachi Zosen Corporation, Japan for manufacturing specialized and critical process equipment. Shareholding pattern: 51% (Isgec) to 49% (Hitachi Zosen Corp.).
  • 2012: Company buys drawings and the brand Morando for manufacture of Vertical Turning Lathes (VTL) from an Italian Company.
  • 2012: Company acquires technology to manufacture Electrostatic Precipitators (ESP) from a German company, Envirotherm GmbH.
  • 2012: Company signs Technology Agreement with M/s. Belleli, Italy for the manufacture of Breech Lock Exchangers.
  • 2012: Company signs Technology Agreement with Amec Foster Wheeler North America Corp. (formerly Foster Wheeler North America Corp.) for the supply of design for Feed Water Heaters and Surface Condensers.
  • 2013: Boilers business vertical commissions its largest CFBC Boiler of 425 TPH (110 Mwe) for a Steel Plant.
  • 2013: Steel Casting business vertical becomes the first Indian Foundry to develop Crushing Shell Castings for Mining & Mineral Processing Industry.
  • 2013: Joint Venture - Isgec Hitachi Zosen Ltd. - dispatches first Vessel manufactured by it.
  • 2014: Boilers business vertical ventures into new products such as Heat Recovery Steam Generators, Waste Heat Recovery Boilers and Pin Hole Grate Boilers.
  • 2014: Sugar Plants & Machinery business vertical successfully commissions its largest Sugar Mill - 1150 mm x 2290 mm (45' x 90').
  • 2014: Sugar Plants & Machinery business vertical successfully commissions first sugar refinery.
  • 2014: EPC Power Plant business vertical secures its first order for Waste to Energy Power Plant Project, in consortium with Hitachi Zosen Limited, Japan.
  • 2015: Entered into strategic joint venture with Sumitomo SHI FW Energia, Finland (formerly known as Foster Wheeler) for engineering boilers.
  • 2015: Entered into strategic joint venture with TITAN Metal Fabricators, USA, for manufacturing reactive metal and high nickel process plant equipment.
  • 2015: Entered into strategic joint venture with Redecam, Italy, for bag filters and non-fossil fuel ESPs.
  • 2016: Company forms a new Joint Venture with Redecam, Italy for marketing, selling, designing, manufacturing, testing & commissioning in India & other territories, of Bag Filters & Hybrid Filter for all industries except Food; ESPs (excluding for Fossil Fuel, Bagasse, Biomass & Agro-waste Fired Boilers); Gas Conditioning Towers & Gas to Air Exchangers; Flue Gas Treatment Applications; DeNOx Application in Industrial segment; Detailed Engg for global projects executed by Redecam or the JV
  • 2016: Company signs Technology Agreement with Fuel Tech Inc., USA: For reduction of Particulate Matter emissions by use of Electrostatic Precipitators performance improvement technologies (especially Flue Gas Conditioning); For NOx Reduction Processes by use of Urea or Ammonia (SCR and SNCR)
  • 2016: Company signs Technology Agreement with NEM Energy b.v Netherlands for Drum type Heat Recovery Steam Generators, Flue Gas Coolers and CO Boilers
  • 2016: Company signs Technology Agreement with Neuson Hydrotec, Austria for Hot Working Press solution, Open Die Forging Presses, Forging Plant & Straightening Presses.
  • 2016: Company signs Technology Agreement with AP&T, Sweden for manufacturing, selling & supplying of Press Hardening Lines in India & other territories.
  • 2016: Company signs Technology Agreement with ADI System, Canada for Industrial Waste Water Treatment solutions
  • 2016: Company signs Technology Agreement with RWL Water, Israel for Industrial Waste Water Treatment solutions
  • 2017: The mandate of the existing JV - Isgec Foster Wheeler Boilers Pvt. Ltd., amended to include CFBC Boilers.
  • 2017: Company signs Technology Agreement with Babcock Power Environmental Inc, USA for SOx reduction process by use of Wet Flue Gas Desulfurization (FGD) Units
  • 2017: Company signs Technology Agreement with Riley Power Inc., USA for Process Fired Heaters
  • 2017: Company signs Technology Agreement with Thermal Engineering International (TEi), USA: for Screw Plug (Breech Lock) Heat Exchangers, for Waste Heat Recovery through Process Waste Heat Boilers.
  • 2017: Company signs Technology Agreement with Claudius Peters, Germany for Clinker Coolers for the Cement industry
  • 2017: Company signs Technology Agreement with Partner Teknik, Turkey for Pyro Processing Units for the Cement industry
  • 2018: Acquired a 100% stake in Eagle Press & Equipment Co. Ltd., Canada.
  • 2018: Isgec has received the official patent for invention ‘Setting Free Sugarcane Mill’.
  • 2019: The change of ownership of CFBC business between Foster Wheeler and Sumitomo SHI FW Energia Oy, Finland results in the renaming of the on-going Isgec-Foster Wheeler Joint Venture to Isgec SFW Boilers Pvt. Ltd. The Joint Venture manages the detailed engineering of CFBC Boilers.
  • 2020: Group Turnover crossed Rs 5000 crore.
  • 2020: Received a Patent for Self- Sharpening Shredder Hammer Tip.
  • 2021: Listed on the National Stock Exchange.
  • 2021: Isgec has received the official patent for our invention ‘Self-Sharpening Shredder Hammer Tip’.
  • 2021: Commissioned a 100 KLPD ethanol plant at Saraswati Sugar Mills, subsidiary in Yamunanagar.
  • 2022: Isgec has received the official patent for invention ‘Two Drum Feeder System’.
  • 2022: Isgec has received the official patent for invention ‘Self-Locking Cylindrical Dowel Pin’.
  • 2023: Capacity of Ethanol Plant at Saraswati Sugar Mills was enhanced to 160 KPLD.
  • 2024: Commercial production began at 130 KLPD distillery, Cavite Biofuel Producers Inc. (subsidiary) in Philippines.
  • 2026: Entered into a MoU with the National Sugar Development Council, Federal Republic of Nigeria, to provide technical assistance for project development, undertake design activities, prepare cost estimates, and offer technical solutions for sugar plants in Nigeria.

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