The Anup Engineering Ltd.

•

anupengg.comBSE: 542460NSE: ANUP

Market Cap₹ 3,495 Cr.

Current Price

High / Low₹ 2,576 / 1,422

Stock P/E41.3

Book Value₹ 342

Price to Book4.69

Dividend Yield0.69 %

ROCE20.9 %

ROE17.1 %

Face Value₹ 10

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ABOUT

KEY POINTS

Revenue Breakup Mar 2026 • Engineering Products: 100.0%

AI Sector View

AI GENERATED

Capital Goods

Buy

Capital goods is supported by strong public capex and still-expansionary industrial activity. Capital expenditure rose 66% YoY (2026-06), GST collections grew 8% YoY (2026-07), and the core industries Overall Index increased 5.4% YoY (2026-07). E-way bills slowed to 6% YoY (2026-07) and sector FPI flows show INR -9697 crore net outflow over 3 months to 2026-08-31, but the investment cycle and fiscal impulse remain favorable.

Confidence

72%

View full sector analysis →

PROS

Company has delivered good profit growth of 20.8% CAGR over last 5 years
Company has a healthy return on capital (ROCE) of 21.5%
Company has consistently been profitable over the last 5 years
Company has delivered good sales growth of 27.4% CAGR over last 5 years
Company comfortably covers its interest (13.5x coverage)
Company has a consistent dividend-paying track record

CONS

Receivables are growing faster than sales - a possible quality concern
Recent results are weak - TTM profit is down 26.7% versus prior year
Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT 0.09x)
Total debt has risen sharply - up 266.2% year on year
Operating margins have contracted to 21.5% from 25.8%

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Capital GoodsCapital GoodsEngineering - Industrial Equipments

Part ofNIFTY MICROCAP250 NIFTY TOTAL MKT

S.No.	Name
1.	BHEL	433.30	62.03	150877.81	0.32	376.71	182.70	7697.72	40.29	9.24	6.69
2.	INDOMIM	988.35	91.60	48872.02	0.60	2401.22	—	12187.42	—	24.48	33.36
3.	THERMAX	3635.85	73.01	43323.44	0.55	21.79	-85.61	2302.73	7.09	15.85	2.98
4.	HONAUT	34159.35	54.80	30202.07	0.32	150.70	20.95	1204.40	1.80	17.04	14.32
5.	JYOTICNC	1008.70	71.30	22940.17	0.00	57.14	-19.99	508.47	23.97	21.34	21.40
6.	INOXINDIA	2184.80	77.95	19864.74	0.09	58.07	-4.98	370.79	9.18	33.54	20.46
7.	AZAD	2804.70	130.33	18113.24	0.00	35.16	19.46	172.60	25.90	12.04	37.29
8.	TRITURBINE	564.90	53.40	17958.08	0.75	51.10	-20.65	442.70	19.23	35.95	11.59
9.	TEGA	1680.15	597.41	12622.58	0.12	-108.25	-406.36	1723.44	383.99	8.37	3.27
10.	LLOYDSENGG	81.23	56.33	12599.09	0.31	68.23	-77.28	527.15	142.92	17.99	15.04
11.	KRN	1600.40	108.06	10475.98	0.00	32.90	164.84	252.32	118.87	16.06	19.44
12.	ANUP	1744.60	41.26	3494.69	0.69	0.57	-97.83	125.25	-28.52	20.89	7.56

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	114	144	125	140	146	193	172	222	175	232	207	208	125
	92	114	97	108	113	150	133	172	135	181	163	170	125
Operating Profit	23	30	28	31	33	43	39	50	40	51	44	38	0
OPM %	19.78%	20.93%	22.36%	22.43%	22.61%	22.44%	22.74%	22.38%	23.03%	22.16%	21.31%	18.40%	0.33%
	0	0	0	2	3	1	1	1	2	0	-1	0	1
Interest	1	0	0	0	1	1	1	1	1	2	4	2	2
Depreciation	3	4	3	4	5	6	6	6	7	7	7	8	7
Profit before Tax	19	27	25	29	29	38	33	43	35	43	32	29	1
Tax %	27.45%	27.43%	25.69%	25.62%	17.43%	14.24%	7.87%	27.31%	25.57%	25.48%	20.89%	7.59%	38.97%
Net Profit	0	0	0	0	24	33	30	32	26	32	26	27	1
	14.56	19.15	18.74	21.92	12.07	16.26	15.11	15.75	13.11	16.01	12.75	13.25	0.28

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2025	Mar 2026	TTM
	245	279	288	411	733	822	772
	176	209	217	327	565	646	638
Operating Profit	70	70	71	84	168	177	134
OPM %	28.42%	25.07%	24.58%	20.39%	22.86%	21.48%	17.38%
	4	4	4	1	5	2	-0
Interest	2	2	2	3	6	11	9
Depreciation	9	11	12	13	24	28	29
Profit before Tax	63	61	61	70	143	139	105
Tax %	31.80%	12.92%	-1.53%	26.53%	17.39%	20.75%	19.29%
Net Profit	43	54	62	51	118	110	85
EPS	41.97	52.11	62.45	51.68	59.07	55.11	—
Dividend Payout %	16.62%	12.86%	12.74%	28.86%	28.78%	21.77%	—

COMPOUNDED SALES GROWTH

10 Years:: —
5 Years:: 27%
3 Years:: 42%

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: 21%
3 Years:: 21%

STOCK PRICE CAGR

10 Years:: —
5 Years:: 27%
3 Years:: 17%
1 Year:: -25%

RETURN ON EQUITY

10 Years:: —
5 Years:: 17%
3 Years:: 17%
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
	312	326	382	426	589	664
	0	0	0	30	27	86
Trade Payables	23	27	43	66	88	85
	77	68	90	111	203	115
Total Liabilities	422	431	525	643	926	971
	171	212	203	217	363	398
Capital Work in Progress	12	2	31	87	10	2
	44	0	0	0	11	0
	106	67	90	127	147	101
	0	0	0	0	284	416
Cash & Bank	2	24	51	33	16	13
	86	127	150	179	96	41
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
	52	65	58	43	-7	2
Cash from Investing	-15	-12	-61	-33	22	-36
Cash from Financing	-16	-38	-7	25	-30	36
	1	3	6	22	-16	2

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2025	Mar 2026

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	41.24	41.03	40.98	40.98	40.98	40.98	40.92	40.92	40.92
	1.18	1.60	3.51	4.59	4.72	3.97	4.03	3.18	2.88
	11.06	13.41	14.52	15.05	15.21	15.73	16.11	16.41	16.52
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	46.52	43.96	40.99	39.38	39.10	39.31	38.94	39.49	39.67

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-08-27

Shareholders meeting

2026-08-27 - The Anup Engineering Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on August 25, 2026. Further, the company has informed the Exchange regarding voting results.

2026-08-25

Shareholders meeting

2026-08-25 - The Anup Engineering Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on August 25, 2026

2026-08-13

Copy of Newspaper Publication

2026-08-13 - The Anup Engineering Limited has informed the Exchange about Copy of Newspaper Publication

2026-08-12

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-12 - The Anup Engineering Limited has informed the Exchange about Transcript

2026-08-10

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-10 - The Anup Engineering Limited has informed the Exchange about Schedule of meet - Equirus Annual India Conference 26

2026-08-07

Copy of Newspaper Publication

2026-08-07 - The Anup Engineering Limited has informed the Exchange about Copy of Newspaper Publication pertaining to the extract of the financial results of the Company for the quarter ended 30th June, 2026

2026-08-06

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-06 - The Anup Engineering Limited has informed the Exchange about Link of Recording

2026-08-06

Investor Presentation

2026-08-06 - The Anup Engineering Limited has informed the Exchange about Investor Presentation

2026-08-06

Press Release

2026-08-06 - The Anup Engineering Limited has informed the Exchange regarding a press release dated August 06, 2026, titled "Unaudited Financial Results for the quarter ended on 30th June, 2026".

News

Recent coverage and analyst commentary for ANUP

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The Anup Engineering Ltd.

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Free 5nance Account

Name

BHEL

433.30

62.03

150877.81

0.32

376.71

182.70

7697.72

40.29

9.24

6.69

INDOMIM

988.35

91.60

48872.02

0.60

2401.22

—

12187.42

—

24.48

33.36

THERMAX

3635.85

73.01

43323.44

0.55

21.79

-85.61

2302.73

7.09

15.85

2.98

HONAUT

34159.35

54.80

30202.07

0.32

150.70

20.95

1204.40

1.80

17.04

14.32

JYOTICNC

1008.70

71.30

22940.17

0.00

57.14

-19.99

508.47

23.97

21.34

21.40

INOXINDIA

2184.80

77.95

19864.74

0.09

58.07

-4.98

370.79

9.18

33.54

20.46

AZAD

2804.70

130.33

18113.24

0.00

35.16

19.46

172.60

25.90

12.04

37.29

TRITURBINE

564.90

53.40

17958.08

0.75

51.10

-20.65

442.70

19.23

35.95

11.59

TEGA

1680.15

597.41

12622.58

0.12

-108.25

-406.36

1723.44

383.99

8.37

3.27

LLOYDSENGG

81.23

56.33

12599.09

0.31

68.23

-77.28

527.15

142.92

17.99

15.04

KRN

1600.40

108.06

10475.98

0.00

32.90

164.84

252.32

118.87

16.06

19.44

ANUP

1744.60

41.26

3494.69

0.69

0.57

-97.83

125.25

-28.52

20.89

7.56

Dec 2022

Mar 2023

Jun 2023

Sep 2023

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

114

144

125

140

146

193

172

222

175

232

207

208

125

114

108

113

150

133

172

135

181

163

170

125

Operating Profit

OPM %

19.78%

20.93%

22.36%

22.43%

22.61%

22.44%

22.74%

22.38%

23.03%

22.16%

21.31%

18.40%

0.33%

-1

Interest

Depreciation

Profit before Tax

Tax %

27.45%

27.43%

25.69%

25.62%

17.43%

14.24%

7.87%

27.31%

25.57%

25.48%

20.89%

7.59%

38.97%

Net Profit

14.56

19.15

18.74

21.92

12.07

16.26

15.11

15.75

13.11

16.01

12.75

13.25

0.28

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2025

Mar 2026

TTM

245

279

288

411

733

822

772

176

209

217

327

565

646

638

Operating Profit

168

177

134

OPM %

28.42%

25.07%

24.58%

20.39%

22.86%

21.48%

17.38%

-0

Interest

Depreciation

Profit before Tax

143

139

105

Tax %

31.80%

12.92%

-1.53%

26.53%

17.39%

20.75%

19.29%

Net Profit

118

110

EPS

41.97

52.11

62.45

51.68

59.07

55.11

—

Dividend Payout %

16.62%

12.86%

12.74%

28.86%

28.78%

21.77%

—

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2025

Mar 2026

Equity Capital

312

326

382

426

589

664

Trade Payables

111

203

115

Total Liabilities

422

431

525

643

926

971

171

212

203

217

363

398

Capital Work in Progress

106

127

147

101

284

416

Cash & Bank

127

150

179

Total Assets

422

431

525

643

926

971

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2025

Mar 2026

-7

Cash from Investing

-15

-12

-61

-33

-36

Cash from Financing

-16

-38

-7

-30

-16

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2025

Mar 2026

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

41.24

41.03

40.98

40.92

1.18

1.60

3.51

4.59

4.72

3.97

4.03

3.18

2.88

11.06

13.41

14.52

15.05

15.21

15.73

16.11

16.41

16.52

Government

0.00

46.52

43.96

40.99

39.38

39.10

39.31

38.94

39.49

39.67

The Anup Engineering Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI

The Anup Engineering Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI