ISGEC Heavy Engineering surges on reporting 27% rise in Q3 consolidated net profit

In the last six months shares of the company have given more than 10% returns.

ISGEC Heavy Engineering has reported results for the third quarter that ended December 31, 2022. On a consolidated basis, the company has reported a rise of 26.75% in its net profit at Rs 65.86 crore for Q3FY23 as compared to Rs 51.96 crore for the same quarter in the previous year. The total income of the company increased by 13.93% to Rs 1597.97 crore for the quarter under review as compared to Rs 1402.58 crore for the same quarter in the previous year.

Stock price movement of ISGEC Heavy Engineering Limited

Today, the stock opened at Rs 489.35, with a high and low of Rs 511 and Rs 484.85. The stock closed trading at Rs 503.10, up by 0.99%. The BSE group 'A' stock has a face value is Rs 1.

In the last 6 months, the shares of the company have given more than 10% returns and on a YTD basis, the stock has given about 5% returns.

The stock has a 52-week high of Rs 605 and a 52-week low of Rs 426.20. The company has a ROCE of 7.70% and an ROE of 5.21% with a market capitalisation of Rs 3,722 crore.  

About the company

ISGEC Heavy Engineering Ltd is a diversified heavy engineering company engaged in manufacturing and project business with an extensive global presence. It manufactures process plant equipment, presses, Iron & Steel castings & Boiler pressure parts. It also undertakes turnkey projects for setting-up boilers, power plants, sugar plants, distilleries, factories and others. It also has strengths in the business of construction. It is also engaged in the business of manufacturing sugar and its by-products through a subsidiary.