Anup Engineering Ltd. (ANUP) AI Stock Analysis

• Market Cap: ₹38.27B
• Dividend Yield: 0.77%
• Average Volume (3M): 1.82K
• Price to Earnings (P/E): 44.0
• Beta (1Y): 0.77
• Revenue Growth: 28.24%
• EPS Growth: -0.43%
• Country: IN
• Employees: 243
• Sector: Services
• Sector Strength: N/A
• Industry: Industrial - Machinery
• EPS (TTM): 12.75
• Shares Outstanding: 20,031,466
• 10 Day Avg. Volume: 2,058
• 30 Day Avg. Volume: 1,825
• PEG Ratio: 4.26
• Price to Book (P/B): 11.11
• Price to Sales (P/S): 9.28
• P/FCF Ratio: -131.33
• 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: ₹2,535.00
• Price Target Upside: 8.31% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1
• EPS Forecast (FY): 61
• Revenue Forecast (FY): ₹8.93B

• Rating: 62 Neutral
• Price Target: ₹2,025.00 ▼(-13.48% Downside)
• Action: Reiterated Date: 02/26/26
• Date: Action: Reiterated 02/26/26

The score is primarily supported by strong income-statement performance and a solid, low-leverage balance sheet, but is held back by negative operating/free cash flow in 2025 and clearly bearish technicals (price below all key DMAs with negative MACD). Valuation is a secondary drag due to a relatively high P/E despite a modest dividend yield.

Positive Factors

Improving Margins & Profitability

Anup's gross margin expansion to 45.7% and robust 16.1% net margin signal durable operational efficiency in engineered-to-order manufacturing. Higher margins reflect pricing power, cost control and product mix advantages, supporting sustainable earnings through industry cycles.

Negative Factors

Weak Cash Conversion

Negative operating and free cash flow in 2025 indicates earnings are not converting into cash, raising liquidity and execution risk for a project business. Persistent working-capital drag could force external financing, constrain bid capacity, or delay reinvestment in facilities.

Anup Engineering Ltd. Business Overview & Revenue Model

Company Description

The Anup Engineering Limited, together with its subsidiaries, manufactures and fabricates process equipment for chemicals, petrochemicals, pharmaceuticals, fertilizers, drugs, oil and gas, power, pulp and paper, water, aerospace, LNG, and other in...

Read more

The Anup Engineering Limited, together with its subsidiaries, manufactures and fabricates process equipment for chemicals, petrochemicals, pharmaceuticals, fertilizers, drugs, oil and gas, power, pulp and paper, water, aerospace, LNG, and other in...

How the Company Makes Money

ANUP primarily makes money by executing customer orders for engineered-to-order (ETO) industrial equipment and fabrication work. Revenue is generated through: (1) Sale of manufactured process equipment: Customers (typically EPC contractors and ind...

Read more

ANUP primarily makes money by executing customer orders for engineered-to-order (ETO) industrial equipment and fabrication work. Revenue is generated through: (1) Sale of manufactured process equipment: Customers (typically EPC contractors and ind...

Anup Engineering Ltd. Financial Statement Overview

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	8.01B	7.33B	5.46B	4.11B	2.87B	2.76B
Gross Profit	3.98B	3.35B	2.17B	1.90B	1.29B	1.16B
EBITDA	1.84B	1.65B	1.35B	826.22M	735.95M	731.78M
Net Income	1.20B	1.18B	1.03B	514.30M	620.54M	535.23M
Balance Sheet
Total Assets	9.97B	9.26B	8.08B	6.43B	5.25B	4.31B
Cash, Cash Equivalents and Short-Term Investments	153.45M	263.13M	1.22B	310.88M	498.86M	208.69M
Total Debt	1.58B	324.18M	202.80M	343.40M	0.00	0.00
Total Liabilities	3.61B	3.14B	2.80B	2.05B	1.32B	935.73M
Stockholders Equity	6.36B	6.12B	5.28B	4.38B	3.93B	3.37B
Cash Flow
Free Cash Flow	-1.01B	-517.72M	1.26B	-449.01M	324.91M	127.00M
Operating Cash Flow	-621.93M	-71.53M	1.69B	300.17M	740.43M	529.81M
Investing Cash Flow	-287.98M	219.08M	-1.53B	-333.84M	-613.45M	-119.16M
Financing Cash Flow	887.15M	-304.78M	-302.21M	249.60M	-70.72M	-380.18M

Anup Engineering Ltd. Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 2340.50
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:ANUP, the sentiment is Neutral. The current price of 2340.5 is above the 20-day moving average (MA) of 1660.50, above the 50-day MA of 1721.42, and above the 200-day MA of 2212.05, indicating a neutral trend. The MACD of 43.10 indicates Negative momentum. The RSI at 64.72 is Neutral, neither overbought nor oversold. The STOCH value of 94.63 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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	67 Neutral	₹35.50B	13.34	―	0.67%	13.96%	12.91%
ANUP	62 Neutral	₹38.27B	43.98	―	0.77%	28.24%	-0.43%
AHLUCONT	62 Neutral	₹52.43B	30.38	―	0.06%	5.56%	-22.59%
ITDC	62 Neutral	₹52.50B	44.72	―	0.50%	6.56%	4.21%
Sector *	55 Neutral	$13.29B	17.42	10.03%	0.93%	7.13%	-12.93%
QUESS	55 Neutral	₹28.82B	13.93	―	4.70%	-16.43%	-75.38%
TARC	46 Neutral	₹36.99B	-59.93	―	―	863.34%	48.32%

Anup Engineering Ltd. Corporate Events