The Anup Engineering Ltd
The Anup Engineering Limited demerged from its holding company Arvind Limited in 2018. [1]. It manufactures Heat Exchangers, Reactors, Pressure Vessels, Columns & Towers, Industrial Centrifuges and Formed Components. [2]
The company's products are used in wide range of process industries including Oil & Gas, Petrochemicals, LNG, Fertilizers, Chemicals, Pharmaceuticals, Power, Water, Paper & Pulp and Aerospace. [2] [3]
- Market Cap ₹ 3,839 Cr.
- Current Price ₹ 1,917
- High / Low ₹ 2,955 / 1,410
- Stock P/E 34.4
- Book Value ₹ 345
- Dividend Yield 0.90 %
- ROCE 20.7 %
- ROE 17.1 %
- Face Value ₹ 10.0
Pros
Cons
- Company has high debtors of 185 days.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| 245 | 279 | 288 | 411 | 733 | 822 | |
| 176 | 209 | 217 | 327 | 565 | 648 | |
| Operating Profit | 70 | 70 | 71 | 84 | 168 | 174 |
| OPM % | 28% | 25% | 25% | 20% | 23% | 21% |
| 4 | 3 | 4 | 1 | 5 | 2 | |
| Interest | 2 | 2 | 2 | 3 | 6 | 9 |
| Depreciation | 9 | 11 | 12 | 13 | 24 | 28 |
| Profit before tax | 63 | 61 | 61 | 70 | 143 | 139 |
| Tax % | 32% | 13% | -2% | 27% | 17% | 21% |
| 43 | 54 | 62 | 51 | 118 | 110 | |
| EPS in Rs | 21.06 | 27.17 | 31.34 | 25.97 | 59.07 | 55.11 |
| Dividend Payout % | 17% | 13% | 13% | 29% | 29% | 22% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 24% |
| 3 Years: | 26% |
| TTM: | 12% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 16% |
| 3 Years: | 29% |
| TTM: | -4% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 34% |
| 3 Years: | 35% |
| 1 Year: | -30% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| Last Year: | 17% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Equity Capital | 10 | 10 | 10 | 10 | 20 | 20 |
| Reserves | 313 | 327 | 384 | 428 | 592 | 671 |
| 0 | 0 | 0 | 34 | 32 | 110 | |
| 99 | 94 | 132 | 171 | 282 | 170 | |
| Total Liabilities | 422 | 431 | 525 | 643 | 926 | 971 |
| 171 | 212 | 203 | 217 | 363 | 398 | |
| CWIP | 12 | 2 | 31 | 87 | 10 | 2 |
| Investments | 44 | 0 | 0 | 0 | 11 | 0 |
| 194 | 217 | 292 | 338 | 543 | 571 | |
| Total Assets | 422 | 431 | 525 | 643 | 926 | 971 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| 32 | 53 | 74 | 30 | -7 | 2 | |
| -15 | -12 | -61 | -33 | 22 | -36 | |
| -16 | -38 | -7 | 25 | -30 | 36 | |
| Net Cash Flow | 1 | 3 | 6 | 22 | -15 | 2 |
| Free Cash Flow | 14 | 13 | 33 | -45 | -51 | -51 |
| CFO/OP | 74% | 93% | 82% | 51% | 13% | 19% |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Debtor Days | 96 | 144 | 158 | 132 | 141 | 185 |
| Inventory Days | 351 | 165 | 235 | 209 | 135 | 94 |
| Days Payable | 77 | 66 | 113 | 108 | 81 | 79 |
| Cash Conversion Cycle | 370 | 242 | 280 | 232 | 195 | 199 |
| Working Capital Days | 158 | 146 | 137 | 123 | 116 | 144 |
| ROCE % | 19% | 17% | 17% | 21% |
Insights
In beta| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
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| Employee Strength (Permanent) Count ・Standalone data |
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| Export Revenue Share % |
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| Order Book Value INR Cr |
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| Revenue from Operations INR Cr |
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| Manufacturing Capacity MTPA |
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| Working Capital Cycle Days |
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Extracted by Screener AI
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
1d - Earning call Transcript with Analysts and Investors for the Quarter and year ended on 31st March, 2026
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Announcement under Regulation 30 (LODR)-Newspaper Publication
29 May - Newspaper publication pertaining to financial results of the Company
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
28 May - Audio recording shared for 28 May 2026 analyst and investor conference call on FY26 results.
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Announcement under Regulation 30 (LODR)-Investor Presentation
28 May - Investor Presentation on Audited Financial Results of the Company for the quarter and year ended on 31st March, 2026
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
28 May - FY26 audited results: revenue ₹822 Cr, EBITDA ₹174 Cr; Phase-2 commissioned, capacity rises to 20,000 MT.
Annual reports
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Financial Year 2025
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2013
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Financial Year 2012
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Financial Year 2010
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Financial Year 2009
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Financial Year 2007
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Financial Year 2006
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Financial Year 2005
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Financial Year 2004
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Concalls
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May 2026TranscriptAI SummaryPPT
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Feb 2026Transcript PPT
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Nov 2025Transcript PPT REC
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Aug 2025Transcript PPT
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Aug 2025TranscriptAI SummaryPPT
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May 2025Transcript PPT REC
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Feb 2025TranscriptPPT
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Feb 2025Transcript PPT REC
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Nov 2024Transcript PPT
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Jul 2024Transcript PPT
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May 2024Transcript PPT REC
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Feb 2024Transcript PPT
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Nov 2023Transcript PPT
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Jul 2023Transcript PPT
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May 2023Transcript PPT
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Jan 2023TranscriptAI SummaryPPT
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Oct 2022Transcript PPT
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Aug 2022Transcript PPT
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May 2022Transcript PPT
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Jan 2022TranscriptAI SummaryPPT
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Oct 2021TranscriptAI SummaryPPT
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Jul 2021Transcript PPT
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May 2021Transcript PPT
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Jan 2021TranscriptAI SummaryPPT
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Oct 2020TranscriptAI SummaryPPT
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Aug 2020TranscriptAI SummaryPPT
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Jun 2020Transcript PPT
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Feb 2020TranscriptAI SummaryPPT
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May 2019Transcript PPT
Product Portfolio
The company offers a range of Heat Exchangers, Reactors, Pressure Vessels, Columns & Towers, Industrial Centrifuges & Formed Components catering to various process industries like Oil & Gas, Petrochemicals, LNG, Hydrogen, Fertilizers, Chemicals/ Pharmaceuticals, Power, Water, Paper & Pulp, and Aerospace. [1]