The Anup Engineering Ltd

The Anup Engineering Ltd

₹ 1,754 -4.00%
24 Apr - close price
About

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]

Key Points

Product Portfolio
The product portfolio of the company includes Heat Exchangers Columns such as Shell and Tube, Helical Baffle; Packed & Tray Column; Reactors & Vesse for High Thickness Pressure Vessels (up to 180mm) and Centrifuges for starch and chemical industries. [1]

  • Market Cap 3,491 Cr.
  • Current Price 1,754
  • High / Low 2,008 / 553
  • Stock P/E 47.4
  • Book Value 234
  • Dividend Yield 0.43 %
  • ROCE 16.8 %
  • ROE 12.4 %
  • Face Value 10.0

Pros

  • Company is expected to give good quarter
  • Company has been maintaining a healthy dividend payout of 18.2%

Cons

  • Stock is trading at 7.48 times its book value

* 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.

Peer comparison

Sector: Engineering Industry: Engineering

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023
87 29 133 52 89 47 100 52 101 114 144 125 140
69 23 97 39 66 36 76 42 80 92 114 97 108
Operating Profit 18 7 35 13 23 11 24 9 20 23 30 28 31
OPM % 21% 23% 27% 24% 25% 23% 24% 18% 20% 20% 21% 22% 22%
1 1 1 0 1 0 2 0 0 0 0 0 2
Interest 0 0 0 0 0 0 1 0 0 1 0 0 0
Depreciation 2 3 3 3 3 3 3 3 3 3 4 3 4
Profit before tax 16 5 33 10 20 8 23 7 18 19 27 25 29
Tax % 29% -85% 17% 20% 23% 26% -42% 21% 26% 27% 27% 26% 26%
12 9 28 8 16 6 32 5 13 14 19 19 22
EPS in Rs 5.72 4.47 13.98 4.01 7.95 3.06 16.34 2.61 6.53 7.01 9.83 9.37 10.97
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
245 279 288 411 524
176 209 217 327 411
Operating Profit 70 70 71 84 112
OPM % 28% 25% 25% 20% 21%
4 3 4 1 3
Interest 2 2 2 3 1
Depreciation 9 11 12 13 14
Profit before tax 63 61 61 70 100
Tax % 32% 13% -2% 27%
43 54 62 51 74
EPS in Rs 21.06 27.17 31.34 25.97 37.18
Dividend Payout % 17% 13% 13% 29%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 19%
TTM: 75%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 7%
TTM: 30%
Stock Price CAGR
10 Years: %
5 Years: 49%
3 Years: 81%
1 Year: 214%
Return on Equity
10 Years: %
5 Years: %
3 Years: 15%
Last Year: 12%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 10 10 10 10 10
Reserves 313 327 384 428 454
0 0 0 34 45
99 94 132 171 179
Total Liabilities 422 431 525 643 688
171 212 203 217 309
CWIP 12 2 31 87 8
Investments 44 0 0 0 89
194 217 292 338 282
Total Assets 422 431 525 643 688

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023
32 53 74 30
-15 -12 -61 -33
-16 -38 -7 25
Net Cash Flow 1 3 6 22

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 96 144 158 132
Inventory Days 351 165 235 209
Days Payable 77 66 113 108
Cash Conversion Cycle 370 242 280 232
Working Capital Days 158 146 137 127
ROCE % 19% 17% 17%

Shareholding Pattern

Numbers in percentages

9 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
43.17% 43.04% 43.04% 43.04% 43.04% 43.05% 42.98% 42.98% 42.93% 42.91% 42.91% 42.74%
2.08% 2.13% 2.13% 1.76% 1.78% 1.78% 1.76% 2.52% 2.35% 1.14% 0.75% 0.86%
11.26% 12.12% 13.16% 13.25% 11.64% 10.68% 10.35% 10.36% 11.53% 11.42% 11.09% 10.74%
43.48% 42.70% 41.67% 41.94% 43.53% 44.47% 44.89% 44.12% 43.17% 44.53% 45.25% 45.66%
No. of Shareholders 97,59893,59590,64491,95291,14789,76288,24485,49283,01284,15983,75585,438

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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