The new week will see Sensex close at 63111 at 63777 and Nifty at 18666 at 18888.

- Sensex at 61888 support and Nifty at 18333...

- ISGEC HEAVY ENGINEERING LTD. The share is available at a P/E of 13.51 at a price of Rs.512 against an expected full year 2023-24 EPS of Rs.37.82 and an expected book value of Rs.349.

In contrast to the softness in the global markets, Indian stock markets are moving towards historic highs with strength. The U.S. is currently going through a period of uncertainty over raising the debt ceiling, which has led to caution in global markets, as China's industrial and economic growth begins to slow again and Germany slips into recession, raising concerns about inflation challenges for the global economy again. Inflation in the US over the weekend has increased the possibility of another interest rate hike in June. While amid these uncertainties, challenges, the Indian economy is progressing on the path of rapid growth and the expectation of maintaining this growth in the coming years is increasing the investment attractiveness of foreign funds. Investor confidence has increased with corporate results expected to end in March, with several companies reporting good results. Amid the positive factors including GDP growth numbers, manufacturing, services PMI numbers, auto companies' May sales figures, and forecasts of a normal monsoon in India despite the impact of Alani, if the US debt ceiling hike is resolved at the last minute - bullish sentiment. likely to persist. In the next week Sensex may close above 63111 at 61888 support level at 63777 and Nifty spot at 18333 support at 18666 at 18888.

Arjun's Eye : ISGEC HEAVY ENGINEERING LTD.

BSE (533033), NSE(ISGEC) Listed, Rs.1 Paid-Up, ISGEC HEAVY ENGINEERING LTD., ISO-9001:2008, ISO 14001-2004, OHSAS 18001:1999, National Board of Boiler and Pressure Vessel-U.S.A. Certified, CE Certified, China Safety Quality Licensed, 1:2 bonus in 1987 and 1:1 bonus in 1991, thus having 85.02 percent bonus equity in total equity through two bonus issues, 29 percent of annual revenue from machinery and equipment manufacturing, 58 percent from engineering. , the company derives from procurement and construction sector and 11 percent from sugar sector (31 percent of profit from sugar sector).

The Company is mainly engaged in Engineering Sector (1) Process Equipments (2) EPC Power Plants (3) Boilers (4) Sugar Plant & Machinery (5) Presses (6) Steel Castings (7) Aryan Castings (8) Contract Manufacturing (9) Liquid Gas Containers & Engineering & Projects Sector (A) Power Projects (B) Oil & Gas (C) Fertilizers (D) Chemicals (E) Steel (F) Cement (G) Sugar Plants & Distilleries (H) Building Material Handling (I) Industrial Covering the Waste Water Treatment (J) Pollution Control Equipment (K) Automobile (L) Defense industry, the company has customers in 91 countries. The company has manufacturing plants-facilities in Yamunanagar-Haryana, Rattangarh-Haryana, Bawal-Haryana, Dahej-Gujarat and Muzaffarnagar-Uttar Pradesh in India and overseas facilities in Winder-Canada covering an area of ​​more than 100 hectares. The company has more than 1000 qualified engineers, more than 4500 employees in India, Canada, USA. and holds in the Philippines. The company has earned a revenue of Rs 55.88 crore from the ethanol segment in the third quarter.

Synergy Venture: ISGEC Hitachi Zosen Ltd.-51 percent ISGEC and 49 percent Hitachi Zosen Corporation-Japan (2) ISGEC Titan Metal Fabricators Pvt Ltd.-51 percent holding and Titan Metal Fabricators-USA. owns 49 per cent, ISGEC SFW Boilers Pvt Ltd in which ISGEC owns 51 per cent and Amec Foster Wheeler (now Sumitomo SHI FW Energy, OY owns 49 per cent), ISGEC Radichem Enviro Solutions Pvt Ltd in which ISGIC owns 51 per cent and Radicem-Italy owns 49 per cent. is

Subsidiaries : (1) 100 per cent shareholding Saraswati Sugar Mills Limited (2) 100 per cent holding ISGEC Koviman Limited (3) 100 per cent holding ISGEC Exports Limited (4) 100 per cent holding ISGEC Engineering and Projects Limited (5) Eagle Press and Equipment Company Ltd.-Canada (6) ISGEC Investment Pvt. Ltd.'s step down subsidiary Cavite Biofuel Producers Inc. (Including biofuel plant under construction in the Philippines).

List of Major Clients:

Shell, British Petroleum-US, Ford, ABB, Larsen, GE, Tata, Indian Oil Corporation, Alstom, Foster Wheeler-North America, Valeo-France, Exxon Mobil, Maruti Suzuki, Toshiba, Siemens, EIL, Mitsubishi, Toyota, Aditya Birla Group, Mahindra, Reliance Industries, Voith-Canada, Technip-France, Fluor-North America, Sumitomo-Japan, Petrofac-UAE, ThyssenKrupp, BPCL, HPCL, NTPC, Nuvoco, Dalmia India, These include Godrej, BHEL, Toyo Engineering, Wrights, Rail Vikas Nigam.

Share holding pattern: Promoters hold 62.43 percent, mutual funds hold 7.30 percent, HSBC Small Cap Fund 1.31 percent, UTI 1.95 percent, Nippon Life India Trustee 3.88 percent, foreign portfolio investors Of the 2.43 percent, Goldman Sachs holds 1.45 percent and individual share holders up to Rs 2 lakh hold 16.51 percent.

Dividend: 200% in 2016, 300% in 2017, 160% in 2018, 200% in 2019, 200% in 2020, 300% in 2021, 200% in 2022

Book Value : (Rs. 1 as paid-up)

Rs.288 in March 2022 Expected Rs.312 in March 2023 Expected Rs.349 in March 2024

Subsidiaries, Debentures-Bonds, Mu. Investment in Funds and Bank Balance:

As on March 31, 2022, the total investment value of the company in subsidiary companies is Rs.169.29 crores. While the total investment value in bonds and debentures and units of mutual funds is Rs.118.71 crore and bank balance is Rs.65.94 crore. This adds up to a total of Rs 354 crore and is valued at Rs 48 per share.

Financial Result : Consolidated :

(1) Full year April 2021 to March 2022 :

The net income increased to Rs.5512.58 crore as against Rs.5477.30 crore and recorded a net profit of Rs.112.97 and achieved earnings per share of Rs.14.80.

(2) First nine months April 2022 to December 2022 :

Net income increased by 11.45 percent to Rs.4363 crore from Rs.3915.30 crore Net profit increased by 49 percent to Rs.112.38 crore from Rs.75.80 crore Nine monthly earnings per share increased from Rs.9.68 to Rs. .15.01 has been achieved.

(3) Expected Fourth Quarter January to March 2023 :

Quarterly earnings per share are expected to be Rs.9.75 from net profit of Rs.73 crore on expected net income of Rs.1780 crore.

(4) Expected full year April 2022 to March 2023 :

Earnings per share are expected to be Rs.24.70 with an expected net income of Rs.6143 crore and an expected net profit of Rs.185 crore.

(5) Expected full year April 2023 to March 2024 :

Earnings per share are expected to be Rs.37.82 with an expected net income of Rs.6800 crore and an expected net profit of Rs.278 crore.

Thus (1) The author has no investment in the shares of the above company. Authors may have direct or indirect personal vested interests in research sources. CONSULT A QUALIFIED INVESTMENT FINANCIAL ADVISOR BEFORE MAKING ANY INVESTMENT DECISION. The author, Gujarat Samachar or any other person shall not be responsible for any possible loss on investment.(2) The company has an investment value of Rs.48 per share. (3) Expected full year April 2022 to March 2023 expected earnings per share-EPS is Rs.24.70 and expected book value is Rs.312. (4) Expected Full Year April 2023 to March 2024 Expected Earnings per Share-EPS Rs.37.82 and Expected Book Value Rs.349 Shares are currently trading at Rs.511.15 on NSE, BSE (BSE 27, May 2023 closing price). A P/E of 13.51 is available at a price of