Isgec Heavy Engineering Limited — Investor Meet, 03-06-2026: Analysts/Institutional Investor Meet/Con. Call Updates

ISGEC Heavy Engineering's FY26 standalone revenue rose 4.2% to INR5,229 Cr, with Q4 up 16%. Operational PBT was ~INR375 Cr. Manufacturing EBIT margins held at 12.46%; export revenue doubled to INR1,169 Cr. Consolidated PAT fell 25% to INR154 Cr due to reclassified Philippines plant depreciation, now operational and cash positive. Net borrowings improved to INR476 Cr.

For FY27, ISGEC forecasts 10-12% standalone revenue growth, supported by a ~INR7,000 Cr order book. Management expects manufacturing margins (12-13%) to hold and project margins to improve to ~5.5% from shorter, better-priced orders. Exports to Southeast Asia and Africa are a key growth driver.