ISGEC Heavy Engineering Ltd Stock Analysis

BSE: 533033 | NSE: ISGEC | Engineering - Industrial Equipments | Mid Cap

BSE Share Price Jan 17, 18:01
692.55 5.95 (0.87%)

DeciZen - Make an Informed Decision on ISGEC Heavy Engg.

Overall Rating

1. Quality

2. Valuation

Fair
P/E P/S EV/EBITDA

3. Price Trend

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.

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

Value Creation Index Colour Code Guide
Sep'12Sep'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21TTM
ROCE % 17.1%12.1%4.3%10.5%13.4%14.3%10.1%9.9%8.3%10.4%-
Value Creation Index 0.2-0.1-0.7-0.3-0.10.0-0.3-0.3-0.4-0.3-

Growth Parameters

Growth Parameters Colour Code Guide
Sales 3,0492,9343,3613,9544,5103,9173,7915,0515,8825,4265,515
YoY Gr. Rt. %--3.8%14.5%17.6%14.1%-13.2%-3.2%33.2%16.5%-7.8%-
Adj EPS 16.513.59.914.722.427.719.519.420.735.220.9
YoY Gr. Rt. %--18.4%-26.9%49.1%52.2%23.8%-29.9%-0.4%6.9%70.1%-
BVPS (₹) 87.197.2204.2114.9139.9170.5187.8206.1242.7274.9276.9
Adj Net Profit 12299.572.6108165204143143152259154
Cash Flow from Ops. -2342-386261123236101-238104228-
Debt/CF from Ops. -152.81.1-2.825.41.51.7-1.39.34.2-

CAGR

CAGR Colour Code Guide
9 Years 5 Years 3 Years 1 Years
Sales 6.6%3.8%12.7%-7.8%
Adj EPS 8.8%9.5%21.9%70.1%
BVPS 13.614.513.513.3
Share Price 25% 8.1% 11.5% 95.7%

Key Financial Parameters

Performance Ratio Colour Code Guide
Sep'12Sep'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21TTM
Return on Equity % 20.314.74.913.617.617.910.99.89.213.67.6
Op. Profit Mgn % 8.67.756.97.810.48.666.18.95.8
Net Profit Mgn % 4.13.222.93.85.44.12.92.74.92.8
Debt to Equity 0.50.50.70.60.60.30.10.20.50.50.3
Working Cap Days 167182372192196246258248262296302
Cash Conv. Cycle 68661485852515681929880

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 12.69%

Net Profit is growing at healthy rate in last 3 years 21.87%

Return on Equity has declined versus last 3 years average to 7.60%

Sales growth is not so good in last 4 quarters at -1.41%

Latest Financials - ISGEC Heavy Engineering Ltd.

Standalone Consolidated
TTM EPS (₹) 23.1 20.9
TTM Sales (₹ Cr.) 4,471 5,515
BVPS (₹.) 232.6 276.9
Reserves (₹ Cr.) 1,703 2,029
P/BV 2.98 2.50
PE 29.98 33.13
From the Market
52 Week Low / High (₹) 348.20 / 877.00
All Time Low / High (₹) 5.00 / 877.00
Market Cap (₹ Cr.) 5,092
Equity (₹ Cr.) 7.4
Face Value (₹) 1
Industry PE 32.1

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 (%)

Event Update

Analyst's Notes

News

About ISGEC Heavy Engineering Ltd

Saraswati Industrial Syndicate is a 58-year old company listed on the Delhi Stock Exchange. The chairman & managing director is D D Puri and the joint managing director is Ranjit Puri. The company has interests in sugar, engineering, steels, etc. Saraswati Industrial Syndicate's sugar mills are located at Yammunanagar, the engineering division at Yamunanagar and Calcutta and the steel division at Muzaffarnagar (UP).

Business areas of the company:

Saraswati Industrial Syndicate manufactures bars and rods, metal, machine tool parts and accessories, steel and sugar products. The company's principal activity is to manufacture engineering equipments. It operates in two segments: Engineering and Sugar. Engineering comprises production and sales of heavy engineering equipments, mechanical and hydraulic presses and castings and construction and erection of plant and machinery. Sugar consists of manufacture and sale of sugar. The Group's products include pressure vessels and heat exchangers, presses, boilers, steel castings, sugar plant and machinery, iron castings and liquefied gas container.

Net profit of Saraswati Industrial Syndicate declined 28.20% to Rs 10.95 crore in the quarter ended June 2009 as against Rs 15.25 crore during the previous quarter ended June 2008. Sales rose 56.77% to Rs 429.54 crore in the quarter ended June 2009 as against Rs 273.99 crore during the previous quarter ended June 2008.

Competitors:

• SAIL â€¢ Tata Steel â€¢ JSW Steel â€¢ Bhushan Steel â€¢ Essar Steel â€¢ Jindal Saw, etc.

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