ISGEC Heavy Engineering Ltd (ISGEC) — FY26 Annual Report | 3 September 2026 (2 announcements)

The 93rd Annual General Meeting of ISGEC Heavy Engineering Ltd was held on September 28, 2026, with a record date of September 21, 2026 for dividend eligibility. Shareholders approved a final dividend of Rs 6 per share (total outflow Rs 44.12 crore), re-appointment of directors including Mr. Sanjay Gulati, and ratification of related party remuneration. The Annual Report FY 2025-26 shows 6% revenue growth to Rs 545,866.15 lakhs, EBITDA margin of 9.7%, and net debt reduction of 43.5%. Key risks include competitive pressure from Chinese manufacturers, commodity volatility, and skilled labor constraints. The company maintains strong governance, with no material related party transactions, and emphasizes sustainability through solar energy (33.92 lakh units generated) and water conservation (2,760 lakh litres saved).

ISGEC Heavy Engineering Ltd reported consolidated revenue of ₹6,92,228 Lakh for FY2025-26, up 7.1% YoY, with EBITDA at ₹67,134 Lakh (9.7% margin) and PAT of ₹15,403.67 Lakh. The company declared a dividend of ₹6 per share. Key growth drivers include 23% export revenue share and 50% revenue from sugar/ethanol segments. Workforce expanded to 2,970 employees with 12.8% attrition. Capital expenditure of ₹50,200 Lakh targets ₹1,22,000 Lakh incremental annual revenue. Sugar/ethanol margins compressed by 430 bps due to low sugarcane availability. The Board reappointed Aditya Puri as Managing Director for 5 years and elevated Sanjay Gulati to Joint Managing Director. No material uncertainties were identified in the audit report.