Isgec Heavy Engineering Limited has informed the Exchange about Capacity addition
ISGEC · price
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Isgec Heavy Engineering's Board approved Rs. 25 crore capex for expanding Steel Castings division at Muzaffarnagar, Uttar Pradesh. The company reported strong FY2025-26 standalone revenue of Rs. 5,229 crore (up 4.2% YoY) and consolidated revenue of Rs. 6,789 crore (up 5.7% YoY). Standalone net profit grew 18% to Rs. 346.75 crore, while EPS improved to Rs. 47.16 from Rs. 39.95. The Board recommended a dividend of Rs. 6 per share (600%) subject to shareholder approval. Additionally, the company approved issuing corporate guarantees up to Rs. 6,550 lakh for subsidiary Isgec Titan Metal Fabricators to secure working capital. Auditors issued unmodified opinions on both standalone and consolidated results.
The capacity expansion signals management's confidence in Steel Castings demand, though at Rs. 25 crore it represents a modest ~1% of networth. The dividend hike and profit growth are positive for shareholders, while the guarantee for the subsidiary adds contingent liability exposure.