Isgec Heavy Engineering Limited has informed the Exchange that Board of Directors at its meeting held on May 27, 2026, recommended a Dividend of Rs. 6/- per equity share of Re.1/- each.
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Isgec Heavy Engineering's Board has recommended a dividend of Rs. 6 per equity share (600% on face value of Re. 1) for FY 2025-26, subject to shareholder approval at the AGM. Standalone revenue from operations grew to Rs. 5,228.63 crore from Rs. 5,018.26 crore in the previous year, while profit after tax increased to Rs. 346.75 crore from Rs. 293.74 crore. EPS improved to Rs. 47.16 from Rs. 39.95. The Board also approved Rs. 25 crore capex for capacity expansion at the Steel Castings division in Muzaffarnagar and a corporate guarantee of up to Rs. 6,550 lakh for subsidiary Isgec Titan Metal Fabricators. Auditors flagged going concern risks for two subsidiaries - Isgec Investment PTE Ltd (Singapore) and Bioeq Energy Holdings Corp (step-down subsidiary in Philippines).
The dividend increase from approximately Rs. 5 per share last year to Rs. 6 per share signals management confidence in profitability and cash generation. However, shareholders should note the auditors' concerns about subsidiary-level going concerns, which may require continued financial support from the parent company.