Anup Engineering Ltd.

Anup Engineering Ltd.

1,384.30
INR
+5.70
(+0.41%)
42.05EPS
55.68P/E
46.97BMarket Cap
Oct 29Next Earn
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
2026 Y
TTM
Revenue per Share
- -
113.75
117.23
133.88
141.69
204.32
272.6
365.01
414.2
384.02
Basic EPS, GAAP
- -
20.59
21.07
26.25
31.42
26.01
52.2
59.25
55.12
42.12
Free Cash Flow per Basic Share
- -
4.41
6.71
6.23
16.45
-22.71
63.8
-25.93
-25.32
- -
Dividend per Share
- -
- -
4.17
3.44
3.44
3.95
7.4
19.63
16.74
- -
Book Value per Share
118.06
138.15
158.3
171.47
199.07
221.14
265.54
305.57
344.96
- -
Tangible Book Value per Share
101.27
123.1
145
159.41
188.85
212.7
258.64
294.08
335.14
- -
Basic Weighted Avg Shares
20
20
20
20
20
20
20
20
20
20
Sales/Revenue/Turnover
- -
2,319
2,391
2,729
2,799
4,041
5,404
7,288
8,296
7,723
Operating Margin (%)
- -
24.19
25.53
21.59
20.9
17.65
20.08
20.62
21.1
14.83
Depreciation Expense
- -
79
89
105
116
125
175
238
278
287
Net Income, GAAP
- -
420
430
535
621
514
1,035
1,183
1,104
847
Effective Tax Rate (%)
- -
28.58
31.8
12.92
- -
26.53
10.93
17.39
20.75
19.3
Profit Margin (%)
- -
18.1
17.97
19.61
22.17
12.73
19.15
16.23
13.31
10.97
Working Capital
925
753
1,321
1,352
1,596
1,711
2,143
2,587
3,363
- -
LT Debt
- -
- -
- -
- -
- -
300
146
109
358
- -
Total Equity
2,407
2,817
3,229
3,371
3,934
4,377
5,284
6,120
6,910
- -
Return on Invested Capital (%)
- -
14.59
13.44
15.46
- -
11.8
18.42
20.28
18.68
- -
Return on Capital (%)
- -
16.15
14.17
16.25
- -
11.9
20.58
20.08
16.18
- -
Return on Common Equity (%)
- -
16.08
14.21
16.22
16.99
12.38
21.42
20.75
16.94
- -

Capital Structure

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
ST Debt
- -
741
- -
LT Borrowings
- -
339
- -
LT Finance Leases
- -
19
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
20
20
20
Market Capitalization
44,915
32,072
46,974

Working Capital

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
Total Current Assets
- -
5,645
- -
Cash, Cash Equivalents & STI
- -
129
- -
Accounts Receivable, Net
- -
4,159
- -
Inventories
- -
1,007
- -
Total Current Liabilities
- -
2,282
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
741
- -
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
15.48%
12.92%
Free Cash Flow
- -
-121.4%
-2.04%
Net Income, GAAP
- -
21.53%
-6.69%
Sales/Revenue/Turnover
- -
25.87%
13.83%
Total Cash Common Dividend
- -
50.44%
-14.46%

Quarterly Revenue

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
1,460
1,931
1,717
2,217
7,288
2026
1,752
2,323
2,069
2,079
8,296
2027
1,252
- -
- -
- -
- -

Quarterly Earnings Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
12.07
16.26
15.11
15.75
59.25
2026
13.11
16.01
12.75
13.25
55.12
2027
0.28
- -
- -
- -
- -

Quarterly Dividends Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
19.63
2026
- -
- -
- -
- -
16.74
2027
- -
- -
- -
- -
- -

Company Description

CEO
Reginaldo Dsouza
Full Time Employees
1,174
Sector
Producer manufacturing
Industry
Industrial machinery
Address
Behind 66 KV Electric Sub-Station Ahmedabad GU India 382415
IPO Date
Mar 1, 2019
Business
The Anup Engineering Limited manufactures and fabricates static process equipment for oil and gas, petrochemicals, LNG, hydrogen, fertilizers, chemicals and pharmaceuticals, power, water, paper and pulp, and aerospace industries; its core products and services encompass heat exchangers including shell and tube, evaporators, high-pressure feed water heaters, surface condensers, waste heat exchangers, multi-tube hairpin exchangers, bayonet heat exchangers, catalyst coolers, and transfer line exchangers; reactors; pressure vessels; columns and towers such as helical baffle, packed, and tray columns; industrial centrifuges; formed components; custom fabrication products; technology products like Helixchanger, Embaffle, and polymerization reactors; and engineering services including thermal and mechanical engineering, finite element analysis, computational fluid dynamics, and 3D modeling. Founded in 1962 and headquartered in Ahmedabad, India, the company operates two world-class manufacturing facilities spanning 170,000 square meters with state-of-the-art machinery capable of producing equipment from 20 to 800 metric tons, serving domestic and international clients in regions including the Middle East, Africa, the US, and Canada with an exceptional on-time delivery record exceeding 95%. Demerged from Arvind Limited in 2018 and renamed from Anveshan Heavy Engineering Limited in January 2019, The Anup Engineering recently acquired Mabel Engineering Private Limited in June 2024 for ₹33 crore to expand its product portfolio and geographical reach in South India, enabling instant capacity growth at lower cost than planned capex at its Kheda greenfield facility; entered a strategic manufacturing and supply agreement with Graham Corporation (USA) in August 2024 to produce critical heat exchangers and equipment for global projects, positioning it as an exclusive manufacturer and targeting ₹300-400 million in revenue by FY26; and continues Phase I expansion at Kheda with additional bays operational by Q3 FY26 to support turnover exceeding ₹1,000 crore amid a strong order book of approximately ₹932 crore and inquiry pipeline of ₹900-1,000 crore.