Isgec Heavy Engineering Limited (ISGEC) - Net Assets

Latest as of March 2026: Rs28.88 Billion INR ≈ $312.29 Million USD

Based on the latest financial reports, Isgec Heavy Engineering Limited (ISGEC) has net assets worth Rs28.88 Billion INR (≈ $312.29 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs80.77 Billion ≈ $873.51 Million USD) and total liabilities (Rs51.89 Billion ≈ $561.22 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check ISGEC capital-intensive asset ratio to assess the company's strategic physical and investment asset allocation.

Key Net Assets Metrics

Metric	Value
Current Net Assets	Rs28.88 Billion
% of Total Assets	35.75%
Annual Growth Rate	13.43%
5-Year Change	31.13%
10-Year Change	119.74%
Growth Volatility	6.95

Isgec Heavy Engineering Limited - Net Assets Trend (2005–2026)

This chart illustrates how Isgec Heavy Engineering Limited's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see ISGEC stock market capitalisation.

Annual Net Assets for Isgec Heavy Engineering Limited (2005–2026)

The table below shows the annual net assets of Isgec Heavy Engineering Limited from 2005 to 2026. Also explore Isgec Heavy Engineering Limited annual equity growth to track the company's year-over-year net asset growth rate.

Year	Net Assets	Change
2026-03-31	Rs28.88 Billion ≈ $312.29 Million	+1.36%
2025-03-31	Rs28.49 Billion ≈ $308.09 Million	+8.79%
2024-03-31	Rs26.19 Billion ≈ $283.19 Million	+9.47%
2023-03-31	Rs23.92 Billion ≈ $258.70 Million	+8.63%
2022-03-31	Rs22.02 Billion ≈ $238.15 Million	+4.90%
2021-03-31	Rs20.99 Billion ≈ $227.03 Million	+12.91%
2020-03-31	Rs18.59 Billion ≈ $201.07 Million	+17.17%
2019-03-31	Rs15.87 Billion ≈ $171.61 Million	+9.21%
2018-03-31	Rs14.53 Billion ≈ $157.13 Million	+10.56%
2017-03-31	Rs13.14 Billion ≈ $142.12 Million	+21.44%
2016-03-31	Rs10.82 Billion ≈ $117.03 Million	+20.20%
2015-03-31	Rs9.00 Billion ≈ $97.36 Million	+18.32%
2013-03-31	Rs7.61 Billion ≈ $82.28 Million	+9.85%
2012-03-31	Rs6.93 Billion ≈ $74.91 Million	+24.13%
2011-03-31	Rs5.58 Billion ≈ $60.34 Million	+16.69%
2010-03-31	Rs4.78 Billion ≈ $51.71 Million	+14.89%
2009-03-31	Rs4.16 Billion ≈ $45.01 Million	+28.23%
2008-03-31	Rs3.25 Billion ≈ $35.10 Million	+7.69%
2007-03-31	Rs3.01 Billion ≈ $32.59 Million	+18.78%
2006-03-31	Rs2.54 Billion ≈ $27.44 Million	+23.89%
2005-03-31	Rs2.05 Billion ≈ $22.15 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Isgec Heavy Engineering Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

Retained earnings have decreased by 0.0% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (March 2026)

Component	Amount	Percentage
Common Stock	Rs73.50 Million	0.27%
Other Components	Rs27.29 Billion	99.73%
Total Equity	Rs27.37 Billion	100.00%

Isgec Heavy Engineering Limited Competitors by Market Cap

The table below lists competitors of Isgec Heavy Engineering Limited ranked by their market capitalization.

Company	Market Cap
Integral Diagnostics Ltd AU:IDX	$612.18 Million
Medikaloka Hermina PT JK:HEAL	$612.26 Million
Jinzai Food Group Co Ltd SHE:003000	$612.29 Million
ECOVE Environment Corp TWO:6803	$612.30 Million
GeoPark Ltd NYSE:GPRK	$611.97 Million
Top Resource Conservation Engineering Co Ltd SHE:300332	$611.53 Million
Beijing Career International Co Ltd SHE:300662	$611.40 Million
Far East Holdings Bhd KLSE:5029	$611.28 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Isgec Heavy Engineering Limited's equity between the two most recent reporting periods.

Equity Growth Insights

From 2025 to 2026, total equity changed from 27,387,700,000 to 27,365,800,000, a change of -21,900,000 (-0.1%).
Net income of 1,089,300,000 contributed positively to equity growth.
Dividend payments of 411,000,000 reduced retained earnings.
Other factors decreased equity by 700,200,000.

Equity Change Factors (2025 to 2026)

Factor	Impact	Contribution
Net Income	Rs1.09 Billion	+3.98%
Dividends Paid	Rs411.00 Million	-1.5%
Other Changes	Rs-700.20 Million	-2.56%
Total Change	Rs-	-0.08%

Book Value vs Market Value Analysis

This analysis compares Isgec Heavy Engineering Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

Current price-to-book ratio: 2.07x
The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
The price-to-book ratio has decreased from 27.69x to 2.07x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2005-03-31	Rs27.79	Rs769.60	x
2006-03-31	Rs34.43	Rs769.60	x
2007-03-31	Rs40.90	Rs769.60	x
2008-03-31	Rs44.04	Rs769.60	x
2009-03-31	Rs56.47	Rs769.60	x
2010-03-31	Rs64.88	Rs769.60	x
2011-03-31	Rs75.72	Rs769.60	x
2012-03-31	Rs87.11	Rs769.60	x
2013-03-31	Rs97.25	Rs769.60	x
2015-03-31	Rs114.89	Rs769.60	x
2016-03-31	Rs139.92	Rs769.60	x
2017-03-31	Rs170.50	Rs769.60	x
2018-03-31	Rs187.83	Rs769.60	x
2019-03-31	Rs206.07	Rs769.60	x
2020-03-31	Rs242.70	Rs769.60	x
2021-03-31	Rs274.92	Rs769.60	x
2022-03-31	Rs288.45	Rs769.60	x
2023-03-31	Rs313.39	Rs769.60	x
2024-03-31	Rs342.07	Rs769.60	x
2025-03-31	Rs372.54	Rs769.60	x
2026-03-31	Rs372.06	Rs769.60	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Isgec Heavy Engineering Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

Current Return on Equity (ROE): 3.98%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 1.60%
• Asset Turnover: 0.84x
• Equity Multiplier: 2.95x
Recent ROE (3.98%) is below the historical average (13.25%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2005	21.51%	5.73%	1.25x	3.00x	Rs235.83 Million
2006	21.44%	4.59%	1.39x	3.35x	Rs290.22 Million
2007	18.67%	3.82%	1.43x	3.42x	Rs261.35 Million
2008	7.67%	1.53%	1.07x	4.69x	Rs-75.59 Million
2009	24.37%	4.80%	1.57x	3.23x	Rs597.97 Million
2010	13.83%	3.17%	1.17x	3.71x	Rs183.31 Million
2011	15.83%	3.26%	1.24x	3.94x	Rs325.52 Million
2012	14.61%	3.13%	1.28x	3.65x	Rs295.82 Million
2013	11.42%	2.43%	1.24x	3.77x	Rs101.98 Million
2015	13.94%	3.12%	1.08x	4.14x	Rs333.19 Million
2016	17.96%	4.18%	1.07x	4.01x	Rs818.56 Million
2017	19.31%	6.36%	0.92x	3.29x	Rs1.17 Billion
2018	11.39%	4.15%	0.99x	2.77x	Rs191.66 Million
2019	9.42%	2.83%	0.98x	3.38x	Rs-87.56 Million
2020	8.10%	2.53%	0.96x	3.34x	Rs-339.50 Million
2021	12.26%	4.72%	0.81x	3.20x	Rs457.04 Million
2022	5.13%	1.98%	0.81x	3.19x	Rs-1.03 Billion
2023	8.53%	3.09%	0.90x	3.07x	Rs-339.41 Million
2024	9.69%	3.95%	0.79x	3.12x	Rs-78.49 Million
2025	9.10%	3.88%	0.80x	2.94x	Rs-246.87 Million
2026	3.98%	1.60%	0.84x	2.95x	Rs-1.65 Billion

Industry Comparison

This section compares Isgec Heavy Engineering Limited's net assets metrics with peer companies in the Specialty Industrial Machinery industry.

Industry Context

Industry: Specialty Industrial Machinery
Average net assets among peers: $40,912,332,381
Average return on equity (ROE) among peers: 14.97%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Isgec Heavy Engineering Limited (ISGEC)	Rs28.88 Billion	21.51%	1.80x	$611.98 Million
Aaron Industries Limited (AARON)	$158.89 Million	23.34%	0.87x	$28.18 Million
Ador Welding Limited (ADORWELD)	$2.45 Billion	7.51%	0.75x	$184.52 Million
The Anup Engineering Limited (ANUP)	$910.82 Million	26.36%	0.46x	$356.71 Million
ATAM VALVES ORD (BSE) (ATAM)	$37.09 Million	13.75%	4.00x	$7.35 Million
Azad Engineering Limited (AZAD)	$6.45 Billion	9.08%	0.24x	$1.82 Billion
Bharat Heavy Electricals Limited (BHEL)	$331.61 Billion	10.56%	1.27x	$16.16 Billion
Cummins India Limited (CUMMINSIND)	$75.61 Billion	26.45%	0.34x	$15.05 Billion
Diamond Power Infrastructure Limited (DIACABS)	$-9.80 Billion	0.00%	0.00x	$2.14 Billion
Diffusion Engineers Ltd (DIFFNKG)	$1.42 Billion	15.59%	0.62x	$175.00 Million
Ducon Infratechnologies Limited (DUCON)	$268.40 Million	17.04%	0.31x	$4.46 Million

About Isgec Heavy Engineering Limited

NSE:ISGEC India Specialty Industrial Machinery

Market Cap

$611.98 Million

Rs56.59 Billion INR

Market Cap Rank

#11281 Global

#559 in India

Share Price

Rs769.60

Change (1 day)

+1.39%

52-Week Range

Rs694.50 - Rs1094.95

All Time High

Rs1610.35