ISGEC
Isgec Heavy Engineering Limited
If management delivers what it guided
arithmetic on filed guidance and past valuations · not a price target
ISGEC
FY26 → FY27 · 1 year of guidance · ~0.7 years from today₹826 today
BEAR
₹377
-54%
5.8% a year · 24.1x exit
BASE
₹528
-36%
10% a year · 32.4x exit
BULL
₹904
+9%
13.6% a year · 53.7x exit
Where the market has priced it
16x56x today61x
- at 56x its FY26 earnings the stock already trades above the top of its own ten-year range (54x)
- this company's own median multiple sits 103% above its filed-industry peers; the scenario uses its own
How these numbers are produced
| Earnings base | FY26 fiscal year EPS ₹14.81 (screener) |
|---|---|
| Guided growth | 10% a year, said on the call of 03-Jun-2026 · transcript |
| Read across as | operating: revenue growth, margin held flat — medium confidence |
| Delivery calibration | 0.58x / 1x / 1.36x of what was guided — measured: 76 annual guided-vs-filed pairs + 77 near-complete quarterly years — NSE transcripts against the companies' own filings |
| Exit multiple | 24.08x / 32.38x / 53.72x, this company’s own p20 / median / p80 across 5 filed years |
| Filed-industry peers | median 15.95x across 36 peers — the cross-check, not the input |
| Arithmetic | base EPS × (1 + guided growth × delivery)1 × exit multiple |
Arithmetic on management’s own guidance and this company’s own past valuations. Not a price target, not a recommendation, and not a forecast of what the stock will do.
What management said
from a third-party research digest · not our own extraction
implied earnings growth 10%
For FY27, management raised standalone revenue growth guidance to 10% - 12%, affirmed manufacturing EBIT margins of 12% - 13%, and projected improved project EBIT margins of 5.5%.
Call 03-Jun-2026 · bridge confidence medium · transcript PDF