ISGEC Heavy Engineering Ltd., established in 1933 as Indian Sugar and General Engineering Corporation, is a prominent Indian heavy engineering company with a rich legacy and diversified expertise. Initially known as Saraswati Sugar Mills, the company rebranded in 2011 to reflect its extensive range of products and services. ISGEC specializes in manufacturing process equipment like pressure vessels, heat exchangers, columns, and reactors, along with industrial boilers, mechanical and hydraulic presses, and air pollution control solutions. It also undertakes EPC projects for sugar plants, refineries, distilleries, and power plants and provides high-quality steel and iron castings, as well as contract manufacturing services. With a strong global presence, ISGEC exports to over 91 countries and operates manufacturing plants and design offices across India in states like Haryana, Uttar Pradesh, Gujarat, Tamil Nadu, and Maharashtra. Its innovative approach and commitment to quality were further reinforced by the 2018 acquisition of Eagle Press & Equipment Co. Ltd., a Canadian press manufacturer, expanding its international footprint and product offerings. Renowned for its dedication to customer satisfaction and cutting-edge engineering solutions, ISGEC stands as a leading player in the heavy engineering industry.
Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | |
Promoters + | 62.43% | 62.43% | 62.43% | 62.43% | 62.43% |
FIIs + | 3.53% | 3.51% | 3.83% | 3.91% | 4.20% |
DIIs + | 8.73% | 8.81% | 8.82% | 11.26% | 11.57% |
Government + | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% |
Public + | 25.30% | 25.23% | 24.91% | 22.40% | 21.81% |
No. of Shareholders | 32,484 | 31,635 | 30,328 | 30,009 | 28,925 |
The shareholding pattern of ISGEC Heavy Engineering Ltd. highlights its ownership structure and the trends in stakeholder categories throughout 2024. Promoters consistently held a dominant stake of 62.43%, reflecting strong control and stability in ownership. Foreign Institutional Investors (FIIs) showed a gradual increase in their stake, rising from 3.53% in December 2023 to 4.20% by December 2024, indicating growing international investor confidence in ISGEC Heavy Engineering. Domestic Institutional Investors (DIIs) also increased their holdings significantly, from 8.73% in December 2023 to 11.57% by December 2024, showcasing growing interest from domestic institutions.
Government holdings remained negligible at 0.01% throughout, while public shareholding witnessed a steady decline from 25.30% in December 2023 to 21.81% by December 2024, likely reflecting increased institutional participation. Additionally, the number of shareholders decreased over the year, from 32,484 in December 2023 to 28,925 in December 2024, suggesting consolidation of shares among larger stakeholders. This shareholding pattern underscores ISGEC Heavy Engineering’s appeal to both domestic and international institutional investors, along with its stability under promoter ownership.
Below are the trading platforms that you can use to purchase ISGEC Heavy Engineering shares:
➤ Zerodha
➤ Upstox
➤ Groww
➤ AngelOne
➤ ICICIDirect
When | Maximum Price | Minimum Price |
March 2025 | 1,066.99 | 820.76 |
April 2025 | 1,056.42 | 812.63 |
May 2025 | 1,025.66 | 788.97 |
June 2025 | 1,071.81 | 824.47 |
July 2025 | 1,050.79 | 808.30 |
August 2025 | 1,083.29 | 833.30 |
September 2025 | 1,096.29 | 843.30 |
October 2025 | 1,124.80 | 865.23 |
November 2025 | 1,152.92 | 886.86 |
December 2025 | 1,204.80 | 926.77 |
In 2025, the expected price projections for ISGEC Heavy Engineering shares highlight notable fluctuations throughout the year. By March 2025, the maximum price is projected to reach ₹1,066.99, while the minimum price may hover around ₹820.76. As the year progresses toward December 2025, the maximum price is anticipated to rise to ₹1,204.80, with the minimum price projected at ₹926.77.
When | Maximum Price | Minimum Price |
January 2026 | 1,240.94 | 954.57 |
February 2026 | 1,209.92 | 930.71 |
March 2026 | 1,234.12 | 949.32 |
April 2026 | 1,259.30 | 968.69 |
May 2026 | 1,246.83 | 959.10 |
June 2026 | 1,278.00 | 983.08 |
July 2026 | 1,252.95 | 963.80 |
August 2026 | 1,291.70 | 993.61 |
September 2026 | 1,317.53 | 1,013.48 |
October 2026 | 1,351.79 | 1,039.84 |
November 2026 | 1,385.58 | 1,065.83 |
December 2026 | 1,420.22 | 1,092.48 |
As we move through 2026, ISGEC Heavy Engineering’s share prices are projected to exhibit a consistent upward trend. By January 2026, the maximum price is expected to reach ₹1,240.94, while the minimum price is anticipated to be ₹954.57. As we move further toward December 2026, the maximum price is projected to rise significantly to ₹1,420.22, with the minimum price estimated at ₹1,092.48.
When | Maximum Price | Minimum Price |
January 2027 | 1,434.42 | 1,103.40 |
February 2027 | 1,471.20 | 1,131.69 |
March 2027 | 1,528.58 | 1,175.83 |
April 2027 | 1,498.61 | 1,152.77 |
May 2027 | 1,454.96 | 1,119.20 |
June 2027 | 1,520.43 | 1,169.56 |
July 2027 | 1,490.62 | 1,146.63 |
August 2027 | 1,536.72 | 1,182.09 |
September 2027 | 1,590.51 | 1,223.47 |
October 2027 | 1,631.86 | 1,255.28 |
November 2027 | 1,672.66 | 1,286.66 |
December 2027 | 1,714.47 | 1,318.82 |
When | Maximum Price | Minimum Price |
January 2028 | 1,748.76 | 1,345.20 |
February 2028 | 1,793.60 | 1,379.69 |
March 2028 | 1,863.55 | 1,433.50 |
April 2028 | 1,827.01 | 1,405.39 |
May 2028 | 1,773.80 | 1,364.46 |
June 2028 | 1,853.62 | 1,425.86 |
July 2028 | 1,817.27 | 1,397.90 |
August 2028 | 1,873.48 | 1,441.14 |
September 2028 | 1,939.05 | 1,491.58 |
October 2028 | 1,989.46 | 1,530.36 |
November 2028 | 2,039.20 | 1,568.62 |
December 2028 | 2,090.18 | 1,607.83 |
When | Maximum Price | Minimum Price |
January 2029 | 2,131.98 | 1,639.99 |
February 2029 | 2,186.65 | 1,682.04 |
March 2029 | 2,271.93 | 1,747.64 |
April 2029 | 2,227.38 | 1,713.37 |
May 2029 | 2,162.51 | 1,663.47 |
June 2029 | 2,259.82 | 1,738.32 |
July 2029 | 2,215.51 | 1,704.24 |
August 2029 | 2,284.03 | 1,756.95 |
September 2029 | 2,363.97 | 1,818.44 |
October 2029 | 2,425.43 | 1,865.72 |
November 2029 | 2,486.07 | 1,912.36 |
December 2029 | 2,548.22 | 1,960.17 |
When | Maximum Price | Minimum Price |
January 2030 | 2,599.19 | 1,999.37 |
February 2030 | 2,665.83 | 2,050.64 |
March 2030 | 2,769.80 | 2,130.62 |
April 2030 | 2,715.49 | 2,088.84 |
May 2030 | 2,636.40 | 2,028.00 |
June 2030 | 2,755.04 | 2,119.26 |
July 2030 | 2,701.02 | 2,077.70 |
August 2030 | 2,784.55 | 2,141.96 |
September 2030 | 2,882.01 | 2,216.93 |
October 2030 | 2,956.94 | 2,274.57 |
November 2030 | 3,030.87 | 2,331.44 |
December 2030 | 3,106.64 | 2,389.72 |
As we progress through 2030, ISGEC Heavy Engineering’s share prices are expected to demonstrate substantial growth. By January 2030, the maximum price is projected to reach ₹2,599.19, while the minimum price is anticipated to be ₹1,999.37. As we progress further to December 2030, the maximum price is expected to soar to ₹3,106.64, with the minimum price estimated at ₹2,389.72. These projections highlight a year of strong performance and significant upward momentum for ISGEC Heavy Engineering’s stock.
Financial Condition of ISGEC Heavy Engineering
Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
Sales + | 5,882 | 5,426 | 5,499 | 6,399 | 6,219 | 6,548 |
Expenses + | 5,537 | 4,956 | 5,165 | 5,926 | 5,700 | 6,029 |
Operating Profit | 345 | 469 | 335 | 473 | 520 | 520 |
OPM % | 6% | 9% | 6% | 7% | 8% | 8% |
Other Income + | 31 | 52 | 13 | 12 | 25 | 41 |
Interest | 61 | 64 | 88 | 91 | 84 | 50 |
Depreciation | 101 | 101 | 101 | 104 | 106 | 132 |
Profit before tax | 214 | 356 | 158 | 290 | 354 | 379 |
Tax % | 30% | 29% | 27% | 29% | 28% | |
Net Profit + | 149 | 253 | 115 | 206 | 255 | 258 |
EPS in Rs | 19.65 | 33.71 | 14.8 | 26.72 | 33.14 | 33.92 |
Dividend Payout % | 10% | 9% | 14% | 11% | 12% |
ISGEC Heavy Engineering has consistently grown its sales, rising from ₹5,882 crore in March 2020 to ₹6,219 crore in March 2024, with TTM sales reaching ₹6,548 crore. Despite increasing expenses, operating profit margins improved from 6% to 8%, showcasing enhanced efficiency. Profit before tax also grew significantly, from ₹214 crore in March 2020 to ₹379 crore in TTM, with net profit rising to ₹258 crore during the same period.
Earnings per share (EPS) saw consistent growth, increasing from ₹19.65 in March 2020 to ₹33.92 in TTM, highlighting value creation for shareholders. Interest expenses declined from ₹91 crore in March 2023 to ₹50 crore in TTM, further strengthening the company’s financial position.
ISGEC’s dividend payout ratio, ranging from 9% to 14%, reflects a balanced approach to rewarding shareholders while retaining earnings for growth. This strong financial performance reinforces ISGEC Heavy Engineering’s leadership in the heavy engineering sector.
FAQS
As of February 18th, 2025, the current share price of ISGEC Heavy Engineering is ₹909.
According to market analysts and financial experts, the share price target for ISGEC Heavy Engineering for 2025 is estimated to be between ₹788.97 to ₹1,204.80.
Looking ahead, ISGEC Heavy Engineering share price is anticipated to reach impressive heights, ranging from ₹1,999.37 to ₹3,106.64 by 2030, highlighting the company’s promising long-term growth prospects.
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Conclusion
In conclusion, ISGEC Heavy Engineering has demonstrated strong growth and resilience, as evident from its consistent financial performance, improved operating margins, and increasing net profits over the years. The company’s diversified product portfolio, robust international presence, and innovative engineering solutions have positioned it as a leader in the heavy engineering industry.
Shareholding trends in 2024 highlight growing confidence among institutional investors, with FIIs and DIIs steadily increasing their stakes. ISGEC’s projected share price trajectory for 2025 to 2030 indicates significant growth potential, reflecting market optimism and its ability to capitalize on emerging opportunities. With a solid financial foundation and strategic expansion initiatives, ISGEC Heavy Engineering is well-placed for long-term value creation.
Having said that, we are not a financial advisor. Please consult a SEBI-registered financial advisor before trading ISGEC Heavy Engineering. This post on ISGEC Heavy Engineering share price target from 2025 to 2030 is for educational purposes only.
What did we learn?
- 1 Shareholdings Patterns of ISGEC Heavy Engineering
- 2 How to Buy ISGEC Heavy Engineering Shares in India?
- 3 ISGEC Heavy Engineering Share Price Prediction: 2025 to 2030
- 3.1 ISGEC Heavy Engineering Share Price Target 2025
- 3.2 ISGEC Heavy Engineering Share Price Prediction 2026
- 3.3 ISGEC Heavy Engineering Share Price Target 2027
- 3.4 ISGEC Heavy Engineering Share Price Prediction 2028
- 3.5 ISGEC Heavy Engineering Share Price Prediction 2029
- 3.6 ISGEC Heavy Engineering Share Price Target 2030
- 4 Financial Condition of ISGEC Heavy Engineering
- 5 FAQS
- 6 Conclusion