Isgec Heavy Engineering Limited (ISGEC) - Net Assets

Latest as of September 2025: Rs29.13 Billion INR ≈ $314.98 Million USD

Based on the latest financial reports, Isgec Heavy Engineering Limited (ISGEC) has net assets worth Rs29.13 Billion INR (≈ $314.98 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs79.23 Billion ≈ $856.81 Million USD) and total liabilities (Rs50.10 Billion ≈ $541.84 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 Heavy Engineering Limited (ISGEC) asset resilience to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	Rs29.13 Billion
% of Total Assets	36.76%
Annual Growth Rate	14.07%
5-Year Change	35.7%
10-Year Change	163.25%
Growth Volatility	6.44

Isgec Heavy Engineering Limited - Net Assets Trend (2005–2025)

This chart illustrates how Isgec Heavy Engineering Limited's net assets have evolved over time, based on quarterly financial data. Also explore Isgec Heavy Engineering Limited total assets for the complete picture of this company's asset base.

Annual Net Assets for Isgec Heavy Engineering Limited (2005–2025)

The table below shows the annual net assets of Isgec Heavy Engineering Limited from 2005 to 2025. For live valuation and market cap data, see how much is Isgec Heavy Engineering Limited worth.

Year	Net Assets	Change
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 grown by 2388764400000.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (March 2025)

Component	Amount	Percentage
Retained Earnings	Rs23.89 Billion	87.22%
Common Stock	Rs73.50 Million	0.27%
Other Components	Rs3.43 Billion	12.51%
Total Equity	Rs27.39 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
Viridien PA:VIRI	$865.93 Million
Smarter Microelectronics (Guangzhou) Co. Ltd. A SHG:688512	$866.22 Million
Aprogen KIC Inc KO:007460	$866.49 Million
Synsam AB ST:SYNSAM	$866.56 Million
Suzhou Etron Technologies Co Ltd SHG:603380	$865.85 Million
Sats ASA OL:SATS	$865.75 Million
Asseco South Eastern Europe S.A. WAR:ASE	$865.49 Million
Zhejiang Jiaao Enprotech SHG:603822	$865.41 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 2024 to 2025, total equity changed from 25,152,099,000 to 27,387,700,000, a change of 2,235,601,000 (8.9%).
Net income of 2,491,900,000 contributed positively to equity growth.
Dividend payments of 322,300,000 reduced retained earnings.
Other comprehensive income decreased equity by 3,400,617,000.
Other factors increased equity by 3,466,618,000.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	Rs2.49 Billion	+9.1%
Dividends Paid	Rs322.30 Million	-1.18%
Other Comprehensive Income	Rs-3.40 Billion	-12.42%
Other Changes	Rs3.47 Billion	+12.66%
Total Change	Rs-	8.89%

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: 2.92x
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 39.18x to 2.92x 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	Rs1088.95	x
2006-03-31	Rs34.43	Rs1088.95	x
2007-03-31	Rs40.90	Rs1088.95	x
2008-03-31	Rs44.04	Rs1088.95	x
2009-03-31	Rs56.47	Rs1088.95	x
2010-03-31	Rs64.88	Rs1088.95	x
2011-03-31	Rs75.72	Rs1088.95	x
2012-03-31	Rs87.11	Rs1088.95	x
2013-03-31	Rs97.25	Rs1088.95	x
2015-03-31	Rs114.89	Rs1088.95	x
2016-03-31	Rs139.92	Rs1088.95	x
2017-03-31	Rs170.50	Rs1088.95	x
2018-03-31	Rs187.83	Rs1088.95	x
2019-03-31	Rs206.07	Rs1088.95	x
2020-03-31	Rs242.70	Rs1088.95	x
2021-03-31	Rs274.92	Rs1088.95	x
2022-03-31	Rs288.45	Rs1088.95	x
2023-03-31	Rs313.39	Rs1088.95	x
2024-03-31	Rs342.07	Rs1088.95	x
2025-03-31	Rs372.54	Rs1088.95	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): 9.10%
The company has moderate efficiency in generating returns from equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 3.88%
• Asset Turnover: 0.80x
• Equity Multiplier: 2.94x
Recent ROE (9.10%) is below the historical average (13.71%), 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

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: $37,677,440,843
Average return on equity (ROE) among peers: 17.39%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Isgec Heavy Engineering Limited (ISGEC)	Rs29.13 Billion	21.51%	1.72x	$865.93 Million
Aaron Industries Limited (AARON)	$550.00K	66.55%	18.36x	$31.35 Million
Ador Welding Limited (ADORWELD)	$1.47 Billion	17.36%	0.26x	$184.52 Million
The Anup Engineering Limited (ANUP)	$3.37 Billion	15.88%	0.28x	$446.74 Million
ATAM VALVES ORD (BSE) (ATAM)	$37.09 Million	13.75%	4.00x	$8.50 Million
Azad Engineering Limited (AZAD)	$1.20 Billion	24.55%	2.37x	$1.51 Billion
Bharat Heavy Electricals Limited (BHEL)	$323.31 Billion	1.36%	0.97x	$13.27 Billion
Cummins India Limited (CUMMINSIND)	$51.45 Billion	18.15%	0.38x	$15.79 Billion
Diamond Power Infrastructure Limited (DIACABS)	$-6.22 Billion	0.00%	0.00x	$899.30 Million
Diffusion Engineers Ltd (DIFFNKG)	$1.91 Billion	16.05%	0.44x	$120.60 Million
Ducon Infratechnologies Limited (DUCON)	$236.88 Million	0.26%	0.31x	$11.42 Million

About Isgec Heavy Engineering Limited

NSE:ISGEC India Specialty Industrial Machinery

Market Cap

$865.93 Million

Rs80.07 Billion INR

Market Cap Rank

#9777 Global

#460 in India

Share Price

Rs1088.95

Change (1 day)

+1.56%

52-Week Range

Rs694.50 - Rs1272.40

All Time High

Rs1610.35