Anup Engineering Ltd. (ANUP) AI Stock Analysis

• Market Cap: ₹45.04B
• Dividend Yield: 0.74%
• Average Volume (3M): 2.88K
• Price to Earnings (P/E): 37.4
• Beta (1Y): 0.57
• Revenue Growth: 33.36%
• EPS Growth: 9.67%
• Country: IN
• Employees: 243
• Sector: Services
• Sector Strength: N/A
• Industry: Industrial - Machinery
• EPS (TTM): 13.10
• Shares Outstanding: 20,026,466
• 10 Day Avg. Volume: 3,797
• 30 Day Avg. Volume: 2,875
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ₹3,045.00
• Price Target Upside: 35.35% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 68 Neutral
• Price Target: ₹3,045.00 ▲(35.35% Upside)

Anup Engineering Ltd. scores well in financial performance due to strong growth and profitability, but faces challenges in cash flow management. Technical analysis indicates stable trends, while the high P/E ratio and low dividend yield suggest valuation concerns. Addressing liquidity issues could enhance the company's overall financial health and investor appeal.

Anup Engineering Ltd. Business Overview & Revenue Model

Company Description

Anup Engineering Ltd. (ANUP) is a leading engineering company based in India, specializing in the design and fabrication of process equipment for various industries. The company primarily serves sectors such as oil and gas, petrochemicals, chemicals, fertilizers, power, and water treatment. Its core products include heat exchangers, pressure vessels, reactors, columns, and other critical process equipment, providing customized solutions to meet specific industry needs.

How the Company Makes Money

Anup Engineering Ltd. makes money by manufacturing and selling custom-engineered process equipment to its clients in various industries. The company's revenue model is primarily based on project-based contracts, where it designs, fabricates, and delivers equipment according to client specifications. Key revenue streams include sales of heat exchangers, pressure vessels, and reactors, among other specialized products. ANUP's earnings are further supported by its strong relationships with major industrial players and its reputation for delivering high-quality, reliable equipment. Additionally, the company's focus on innovation and adherence to international quality standards contribute to its competitive advantage and revenue generation.

Anup Engineering Ltd. Financial Statement Overview

Summary

Anup Engineering Ltd. demonstrates strong growth and profitability, with a solid balance sheet and low leverage. However, cash flow management issues, including negative operating cash flow, need addressing to sustain growth and ensure liquidity.

Income Statement

Anup Engineering Ltd. demonstrates strong revenue growth with a remarkable increase from 2020 to 2025. The gross profit margin has improved consistently, reaching 45.7% in 2025. The net profit margin is robust at 16.1% for 2025, indicating effective cost management. EBIT and EBITDA margins are healthy, reflecting operational efficiency. Overall, the company shows excellent revenue growth and profitability, but there is a need to maintain this trajectory to safeguard against future market fluctuations.

Balance Sheet

The company's balance sheet is solid with a low debt-to-equity ratio, showing prudent financial management. The equity ratio is strong at 66.1% in 2025, indicating a healthy capital structure. Return on equity is notable, evidencing efficient use of shareholder funds. However, the increase in total liabilities warrants careful monitoring to ensure sustained financial stability.

Cash Flow

Cash flow from operating activities has been volatile, with a negative operating cash flow in 2025. The free cash flow has also turned negative, suggesting potential cash management challenges. The operating cash flow to net income ratio is concerning, indicating that earnings are not effectively converting to cash. Attention to cash flow management is crucial to improve liquidity and support ongoing growth.

Breakdown	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	7.33B	5.50B	4.11B	2.80B	2.73B
Gross Profit	3.35B	2.17B	1.90B	1.29B	1.16B
EBITDA	1.65B	1.35B	851.02M	735.95M	731.78M
Net Income	1.18B	1.03B	514.30M	620.54M	535.23M
Balance Sheet
Total Assets	9.26B	8.08B	6.43B	5.25B	4.31B
Cash, Cash Equivalents and Short-Term Investments	263.13M	1.22B	327.78M	498.86M	208.69M
Total Debt	324.18M	202.80M	343.40M	0.00	0.00
Total Liabilities	3.14B	2.80B	2.05B	1.32B	935.73M
Stockholders Equity	6.12B	5.28B	4.38B	3.93B	3.37B
Cash Flow
Free Cash Flow	-517.72M	1.26B	-449.01M	324.91M	127.00M
Operating Cash Flow	-71.53M	1.69B	300.17M	740.43M	529.81M
Investing Cash Flow	219.08M	-1.53B	-333.84M	-613.45M	-119.16M
Financing Cash Flow	-304.78M	-302.21M	249.60M	-70.72M	-380.18M

Anup Engineering Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 2249.80
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Positive
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:ANUP, the sentiment is Negative. The current price of 2249.8 is below the 20-day moving average (MA) of 2661.72, below the 50-day MA of 2697.84, and below the 200-day MA of 3031.86, indicating a bearish trend. The MACD of -91.13 indicates Positive momentum. The RSI at 26.07 is Positive, neither overbought nor oversold. The STOCH value of 9.25 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:ANUP.

Anup Engineering Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
JKIL	74 Outperform	₹50.38B	12.36		0.60%	17.23%	18.22%
ANUP	68 Neutral	₹45.04B	37.36		0.74%	33.36%	9.67%
Sector *	63 Neutral	kr27.06B	8.15	-7.45%	3.62%	6.12%	-105.14%
AHLUCONT	61 Neutral	₹63.10B	31.22		0.05%	6.31%	-46.09%
ITDC	57 Neutral	₹47.83B	59.20		0.47%	18.45%	23.52%
QUESS	55 Neutral	₹41.14B	31.98		3.74%	-7.67%	-61.64%
TARC	47 Neutral	₹48.71B	―		―	-67.25%	-200.03%

Anup Engineering Ltd. Corporate Events

Anup Engineering Ltd. Schedules Investor Meetings to Enhance Market Engagement

Anup Engineering Ltd. has announced a schedule for meetings with institutional investors and analysts, set to take place on July 2, 2025, in Chennai. These interactions, involving major investors like Sundaram Mutual Fund and Franklin Templeton Mutual Fund, aim to strengthen investor relations without disclosing any unpublished price-sensitive information, potentially enhancing the company’s market positioning and stakeholder engagement.