The Anup Engineering Ltd.
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ABOUT
KEY POINTS
Revenue Breakup Mar 2026 • Engineering Products: 100.0%
AI Sector View
AI GENERATEDCapital Goods
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.
PROS
- Company has a healthy return on capital (ROCE) of 22.9%
- Company has delivered good sales growth of 23.1% CAGR over last 5 years
- Company has a consistent dividend-paying track record
- Company comfortably covers its interest (13.7x coverage)
- Company generates healthy free cash flow
- Company maintains a comfortable, low leverage position
CONS
- Receivables are growing faster than sales - a possible quality concern
- Recent results are weak - TTM profit is down 25.5% versus prior year
- Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT 0.53x)
- Total debt has risen sharply - up 270.8% year on year
- Debtor days have increased from 102 to 157
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
| 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 |
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 125 | 140 | 128 | 157 | 144 | 188 | 171 | 205 | 169 | 233 | 193 | 195 | 118 | |
| 97 | 108 | 98 | 120 | 112 | 145 | 131 | 159 | 130 | 181 | 150 | 159 | 117 | |
| Operating Profit | 28 | 31 | 30 | 37 | 33 | 43 | 40 | 46 | 39 | 51 | 42 | 36 | 1 |
| OPM % | 22.36% | 22.43% | 23.40% | 23.80% | 22.70% | 22.86% | 23.61% | 22.42% | 23.24% | 22.04% | 22.06% | 18.51% | 0.60% |
| 0 | 2 | 3 | 4 | 3 | 1 | 1 | 1 | 2 | 0 | -1 | 1 | 0 | |
| Interest | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 3 | 2 | 1 |
| Depreciation | 3 | 4 | 5 | 5 | 5 | 6 | 6 | 6 | 6 | 7 | 7 | 7 | 7 |
| Profit before Tax | 25 | 29 | 26 | 36 | 29 | 38 | 34 | 40 | 34 | 43 | 31 | 27 | 1 |
| Tax % | 25.69% | 25.62% | 23.67% | -20.94% | 17.37% | 14.27% | 8.41% | 26.74% | 25.89% | 25.53% | 20.85% | 5.74% | 8.35% |
| Net Profit | 19 | 22 | 20 | 43 | 24 | 32 | 31 | 29 | 26 | 32 | 25 | 25 | 1 |
| 9.37 | 10.96 | 10.18 | 21.70 | 11.98 | 16.15 | 15.69 | 14.64 | 12.75 | 15.99 | 12.34 | 12.72 | 0.55 |
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0 | 244 | 245 | 279 | 288 | 411 | 550 | 708 | 789 | 738 | |
| 0 | 179 | 176 | 209 | 217 | 327 | 422 | 544 | 618 | 607 | |
| Operating Profit | -0 | 65 | 70 | 70 | 71 | 84 | 128 | 165 | 172 | 131 |
| OPM % | — | 26.60% | 28.42% | 25.09% | 24.59% | 20.39% | 23.31% | 23.23% | 21.73% | 17.69% |
| 0 | 5 | 4 | 4 | 5 | 1 | 9 | 5 | 2 | 0 | |
| Interest | 0 | 3 | 2 | 2 | 2 | 3 | 4 | 5 | 11 | 9 |
| Depreciation | 0 | 8 | 9 | 11 | 12 | 13 | 17 | 23 | 27 | 28 |
| Profit before Tax | -0 | 59 | 63 | 62 | 62 | 70 | 116 | 141 | 136 | 102 |
| Tax % | -0.00% | 28.58% | 31.80% | 12.87% | -1.51% | 26.53% | 10.93% | 17.01% | 20.60% | 18.68% |
| Net Profit | -0 | 42 | 43 | 54 | 63 | 51 | 103 | 117 | 108 | 83 |
| EPS | -3.95 | 40.85 | 41.97 | 52.34 | 63.25 | 25.84 | 103.99 | 58.35 | 53.79 | — |
| Dividend Payout % | 0.00% | 17.00% | 16.62% | 12.80% | 12.58% | 28.86% | 19.23% | 29.14% | 22.31% | — |
COMPOUNDED SALES GROWTH
- 10 Years:
- —
- 5 Years:
- 23%
- 3 Years:
- 24%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- —
- 5 Years:
- 15%
- 3 Years:
- 28%
STOCK PRICE CAGR
- 10 Years:
- —
- 5 Years:
- 27%
- 3 Years:
- 17%
- 1 Year:
- -25%
RETURN ON EQUITY
- 10 Years:
- —
- 5 Years:
- 18%
- 3 Years:
- 20%
- Last Year:
- 17%
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0 | 10 | 10 | 10 | 10 | 10 | 10 | 20 | 20 |
| -0 | 278 | 312 | 327 | 384 | 426 | 506 | 587 | 660 | |
| 0 | 7 | 0 | 0 | 0 | 34 | 15 | 24 | 76 | |
| Trade Payables | 0 | 42 | 23 | 27 | 42 | 66 | 63 | 86 | 80 |
| 0 | 59 | 77 | 68 | 90 | 106 | 215 | 196 | 110 | |
| Total Liabilities | 0 | 396 | 422 | 431 | 525 | 643 | 808 | 912 | 947 |
| 0 | 173 | 171 | 212 | 203 | 217 | 313 | 341 | 377 | |
| Capital Work in Progress | 0 | 2 | 12 | 2 | 13 | 87 | 16 | 10 | 2 |
| 0 | 0 | 44 | 0 | 20 | 0 | 104 | 44 | 33 | |
| 0 | 88 | 106 | 67 | 90 | 127 | 165 | 143 | 78 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 127 | 269 | 408 | |
| Cash & Bank | 0 | 0 | 2 | 24 | 51 | 33 | 21 | 10 | 11 |
| 0 | 133 | 86 | 127 | 148 | 179 | 62 | 95 | 39 | |
| Total Assets | 0 | 396 | 422 | 431 | 525 | 643 | 808 | 912 | 947 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| -0 | 71 | 52 | 65 | 58 | 43 | 169 | -8 | 12 | |
| Cash from Investing | 0 | -58 | -15 | -12 | -61 | -33 | -153 | 22 | -38 |
| Cash from Financing | 0 | 3 | -16 | -38 | -7 | 25 | -30 | -32 | 29 |
| 0 | -0 | 1 | 3 | 6 | 22 | -13 | -18 | 4 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
Documents
Corporate disclosures, annual reports, credit ratings, and concall transcripts
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 - The Anup Engineering Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on August 25, 2026
2026-08-13 - The Anup Engineering Limited has informed the Exchange about Copy of Newspaper Publication
2026-08-12 - The Anup Engineering Limited has informed the Exchange about Transcript
2026-08-10 - The Anup Engineering Limited has informed the Exchange about Schedule of meet - Equirus Annual India Conference 26
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 - The Anup Engineering Limited has informed the Exchange about Link of Recording
2026-08-06 - The Anup Engineering Limited has informed the Exchange about Investor Presentation
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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