ISGEC Heavy Engineering Ltd - Stock Valuation and Financial Performance

BSE: 533033 | NSE: ISGEC | Engineering - Construction | Small Cap

ISGEC Heavy Engg. Share Price

848.80 -23.20 -2.66%
as on 18-Mar'24 16:59

DeciZen - make an informed investing decision on ISGEC Heavy Engg.

Overall Rating
Bole Toh

1. Quality

2. Valuation

Fair

3. Price Trend

ISGEC Heavy Engineering stock performance -

mw4me loader
P/E Ratio (CD):
23.99
Market Cap:
6,201.1 Cr.
52-wk low:
418.3
52-wk high:
1,178

Is ISGEC Heavy Engineering Ltd an attractive stock to invest in?

1. Is ISGEC Heavy Engineering Ltd a good quality company?

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

2. Is ISGEC Heavy Engineering Ltd undervalued or overvalued?

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.

3. Is ISGEC Heavy Engineering Ltd a good buy now?

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

10 Year X-Ray of ISGEC Heavy Engg.:

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 not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 4.3%10.5%13.9%15.1%11.1%9.9%8.3%10.4%5.5%7.9%-
Value Creation
Index
-0.7-0.30.00.1-0.2-0.3-0.4-0.3-0.6-0.4-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 3,3613,9544,5103,9173,7915,0515,8825,4265,4996,3996,394
Sales YoY Gr.-17.6%14.1%-13.2%-3.2%33.2%16.5%-7.8%1.4%16.4%-
Adj EPS 9.914.723.629.421.719.420.735.215.82935.2
YoY Gr.-49.1%60.1%24.8%-26.3%-10.6%6.9%70.1%-55.1%83%-
BVPS (₹) 204.2114.9139.9170.5187.8206.1242.7274.9288.5313.4334.8
Adj Net
Profit
72.6108173216159143152259116213258
Cash Flow from Ops. -386261123236101-238104228-70.3208-
Debt/CF from Ops. -2.825.41.51.7-1.39.34.2-17.15.8-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 7.4%11%2.9%16.4%
Adj EPS 12.7%6%11.8%83%
BVPS4.9%10.8%8.9%8.7%
Share Price 24.2% 9.3% 19.5% 85.9%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
4.913.618.51912.19.89.213.65.69.610.9
Op. Profit
Mgn %
56.97.710.48.666.196.37.88.2
Net Profit
Mgn %
22.945.74.52.92.74.92.23.54
Debt to
Equity
0.70.60.60.30.10.20.50.50.60.5-
Working Cap
Days
372192196246258248262296313285139
Cash Conv.
Cycle
1505952535681929811811935

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 10.80%

Net Profit is growing at healthy rate in last 3 years 11.81%

Debt to equity has declined versus last 3 years average to 0.52

Sales growth has been subdued in last 3 years 2.85%

Sales growth is not so good in last 4 quarters at 7.49%

Latest Financials - ISGEC Heavy Engineering Ltd.

Standalone Consolidated
TTM EPS (₹) 30.3 35.2
TTM Sales (₹ Cr.) 4,731 6,394
BVPS (₹.) 283.9 334.8
Reserves (₹ Cr.) 2,080 2,454
P/BV 2.97 2.52
PE 27.80 23.99
From the Market
52 Week Low / High (₹) 418.25 / 1178.00
All Time Low / High (₹) 5.00 / 1178.00
Market Cap (₹ Cr.) 6,201
Equity (₹ Cr.) 7.4
Face Value (₹) 1
Industry PE 41

Management X-Ray of ISGEC Heavy Engg.:

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

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Analyst's Notes

Key Ratios of ISGEC Heavy Engg.

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales1,6813,9544,5103,9173,7915,0515,8825,4265,4996,399
Operating Expenses 1,5963,6804,1643,5103,4824,7655,5384,9575,1655,927
Manufacturing Costs2595166147006898271,1859671,0541,178
Material Costs1,0112,4492,8372,0912,0893,0763,4453,2613,3543,875
Employee Cost 130278303327340375422384433463
Other Costs 197437410391364486486345325411
Operating Profit 84273346407308286344469334472
Operating Profit Margin (%) 5.0%6.9%7.7%10.4%8.1%5.7%5.9%8.6%6.1%7.4%
Other Income 30478094576932521313
Interest 23516658344561648891
Depreciation 348376758182101101101104
Exceptional Items 0000000000
Profit Before Tax 58188284367251227214356158290
Tax 1964931198383651034384
Profit After Tax 39123190248168144149253115206
PAT Margin (%) 2.3%3.1%4.2%6.3%4.4%2.9%2.5%4.7%2.1%3.2%
Adjusted EPS (₹)5.716.025.132.921.419.419.733.714.826.7
Dividend Payout Ratio (%)12%12%8%9%7%10%10%9%14%11%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 7518451,0291,2541,3811,5151,7852,0222,1212,304
Share Capital 7777777777
Reserves 7448371,0211,2461,3741,5081,7772,0142,1142,297
Minority Interest41465361727275788188
Debt4814866223371433049388801,0421,054
Long Term Debt110748837056386464465433
Short Term Debt371412534300143248552417577621
Trade Payables8471,1991,4241,4171,1101,4821,4091,6221,4451,497
Others Liabilities 1,0109801,0801,1531,2341,8901,8741,9182,0992,216
Total Liabilities 3,1303,5564,2084,2213,9405,2636,0806,5206,7887,159

Fixed Assets

Gross Block9601,0691,1971,2731,3311,0581,2391,3071,5821,652
Accumulated Depreciation428514581650702309406504605704
Net Fixed Assets532554615623629749833803977947
CWIP 411410193219706893702805
Investments 143348554697371155986013533
Inventories8608408951,0768401,2091,1961,1531,4031,164
Trade Receivables7971,0381,4301,1331,1361,8931,7932,1452,1522,820
Cash Equivalents 426382310142240140214179136211
Others Assets3313803925316921,0991,2391,2861,2831,179
Total Assets 3,1303,5564,2084,2213,9405,2636,0806,5206,7887,159

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity -193261123236101-238104228-70208
PBT 58188284367251227214356158290
Adjustment 16675727346384160143150
Changes in Working Capital -24284-121-47-101-438-123-201-298-161
Tax Paid -24-78-97-110-84-90-72-87-74-71
Cash Flow From Investing Activity 66-239-261-14127670-347-186-141-58
Capex -42-82-133-91-99-125-431-238-64-156
Net Investments 103-194-169-863572287849-83101
Others 537413618-33646-3
Cash Flow From Financing Activity 150-6666-370-23393295-89176-98
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 00000084107108-62
Interest Paid -16-40-53-42-23-30-38-39-76-55
Dividend Paid -7-12-15-18-24-5-27-17-10-17
Others 173-13134-309-186129276-14015437
Net Cash Flow 23-44-72-275144-7452-47-3651
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)5.2815.4620.3321.7612.789.949.0413.35.559.29
ROCE (%)6.817.9322.8825.7618.0116.1112.0714.77.8111.15
Asset Turnover Ratio0.591.21.190.960.941.11.040.860.830.92
PAT to CFO Conversion(x)-4.952.120.650.950.6-1.650.70.9-0.611.01
Working Capital Days
Receivable Days1658397115108109114132143142
Inventory Days144776889917475798573
Payable Days272152169248221154153170167139

ISGEC Heavy Engineering Ltd Stock News

ISGEC Heavy Engineering Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of ISGEC Heavy Engg. on 18-Mar-2024 16:59 is ₹848.8.
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 18-Mar-2024 16:59 the market cap of ISGEC Heavy Engg. stood at ₹6,201.1.
The latest P/E ratio of ISGEC Heavy Engg. as of 18-Mar-2024 16:59 is 27.80.
The latest P/B ratio of ISGEC Heavy Engg. as of 18-Mar-2024 16:59 is 2.97.
The 52-week high of ISGEC Heavy Engg. is ₹1,178 and the 52-week low is ₹418.2.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of ISGEC Heavy Engg. is ₹4,731 ( Cr.) .

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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