About
The Anup Engineering Limited, together with its subsidiaries, provides engineering products in India and internationally. The company is also involved in manufacturing and fabrication of process equipment. In addition, it offers static process equipment, including heat exchangers, reactors, pressure vessels, columns and towers, and custom fabrication products; technology products, such as helix changers, EMBaffle heat exchangers, and polymerization reactors; and industrial centrifuges, as well as pre-fabrication engineering services for static process equipment. The company serves oil and gas, petrochemicals, LNG, fertilisers, chemicals, power, hydrogen, water, paper and pulp, aerospace, and other industries. It also exports its products. The company was formerly known as Anveshan Heavy Engineering Limited and changed its name to The Anup Engineering Limited in January 2019. The Anup Engineering Limited was founded in 1962 and is based in Ahmedabad, India.
Key Metrics
as of Sep 2026Market Cap3,577 Cr
P/E41.70
Div Yield0.67 %
Book Value₹345.00
52w High₹2,576.00
52w Low₹1,410.00
Face Value₹10.00
Quarterly Results
Rs. Crores · hover row for definition| Metric | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 117.89 | 194.80 | 192.57 | 232.64 | 169.42 | 204.89 | 171.01 | 187.87 | 144.28 | 156.92 | 128.40 | 139.85 | 125.21 |
| Expenses | 108.48 | 158.75 | 150.07 | 181.36 | 130.04 | 158.95 | 130.64 | 144.92 | 111.53 | 119.58 | 98.36 | 108.49 | 97.20 |
| Operating Profit | 9.41 | 36.05 | 42.50 | 51.28 | 39.38 | 45.94 | 40.37 | 42.95 | 32.75 | 37.34 | 30.04 | 31.36 | 28.01 |
| OPM % | 7.98 | 18.51 | 22.07 | 22.04 | 23.24 | 22.42 | 23.61 | 22.86 | 22.70 | 23.80 | 23.40 | 22.42 | 22.37 |
| Other Income | 0.50 | 0.52 | -1.14 | 0.33 | 2.28 | 0.90 | 0.55 | 1.37 | 2.56 | 4.41 | 2.60 | 1.56 | 0.49 |
| Depreciation | 7.27 | 7.42 | 6.87 | 6.54 | 6.36 | 6.25 | 6.00 | 5.70 | 5.45 | 5.31 | 5.13 | 3.56 | 3.47 |
| Interest | 1.43 | 2.13 | 3.26 | 2.07 | 0.85 | 0.57 | 0.68 | 0.93 | 1.01 | 0.87 | 1.10 | 0.16 | 0.04 |
| Profit before tax | 1.21 | 27.02 | 31.23 | 43.00 | 34.45 | 40.02 | 34.24 | 37.69 | 28.85 | 35.57 | 26.41 | 29.20 | 24.99 |
| Tax % | 8.26 | 5.74 | 20.85 | 25.53 | 25.86 | 26.74 | 8.38 | 14.25 | 17.37 | -20.94 | 23.63 | 25.62 | 25.69 |
| Net Profit | 1.11 | 25.47 | 24.72 | 32.03 | 25.53 | 29.32 | 31.37 | 32.31 | 23.84 | 43.03 | 20.17 | 21.72 | 18.56 |
| EPS in Rs | 0.55 | 12.71 | 12.34 | 15.99 | 12.75 | 14.64 | 15.66 | 16.15 | 11.98 | 21.62 | 10.19 | 10.97 | 9.37 |
Profit & Loss
Annual · Rs. Crores| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Sales | 789.00 | 708.00 | 550.00 | 411.00 | 288.00 | 279.00 | 245.00 | 243.00 | 0.00 |
| Expenses | 618.00 | 544.00 | 422.00 | 327.00 | 217.00 | 209.00 | 176.00 | 178.00 | 0.00 |
| Operating Profit | 172.00 | 165.00 | 128.00 | 84.00 | 71.00 | 70.00 | 70.00 | 65.00 | 0.00 |
| OPM % | 22.00 | 23.00 | 23.00 | 20.00 | 25.00 | 25.00 | 28.00 | 27.00 | — |
| Other Income | 2.00 | 5.00 | 9.00 | 1.00 | 5.00 | 3.00 | 4.00 | 5.00 | 0.00 |
| Interest | 11.00 | 5.00 | 4.00 | 3.00 | 2.00 | 2.00 | 2.00 | 3.00 | 0.00 |
| Depreciation | 27.00 | 23.00 | 17.00 | 13.00 | 12.00 | 11.00 | 9.00 | 8.00 | 0.00 |
| Profit before tax | 136.00 | 141.00 | 116.00 | 70.00 | 62.00 | 62.00 | 63.00 | 59.00 | 0.00 |
| Tax % | 21.00 | 17.00 | 11.00 | 27.00 | -2.00 | 13.00 | 32.00 | 29.00 | 0.00 |
| Net Profit | 108.00 | 117.00 | 103.00 | 51.00 | 63.00 | 54.00 | 43.00 | 42.00 | 0.00 |
| EPS in Rs | 53.79 | 58.35 | 52.00 | 25.97 | 31.74 | 27.29 | 21.06 | 20.58 | — |
| Dividend Payout % | 22.00 | 29.00 | 19.00 | 29.00 | 13.00 | 13.00 | 17.00 | 17.00 | 0.00 |
Balance Sheet
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 20.00 | 20.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 0.05 |
| Reserves | 667.00 | 590.00 | 518.00 | 428.00 | 385.00 | 328.00 | 313.00 | 278.00 | 0.00 |
| Borrowings | 100.00 | 29.00 | 20.00 | 34.00 | 0.00 | 0.00 | 0.00 | 7.00 | 0.00 |
| Other Liabilities | 160.00 | 272.00 | 260.00 | 171.00 | 130.00 | 94.00 | 99.00 | 101.00 | 0.00 |
| Total Liabilities | 947.00 | 912.00 | 808.00 | 643.00 | 525.00 | 431.00 | 422.00 | 396.00 | 0.00 |
| Fixed Assets | 377.00 | 341.00 | 313.00 | 217.00 | 203.00 | 212.00 | 171.00 | 173.00 | 0.00 |
| CWIP | 2.00 | 10.00 | 16.00 | 87.00 | 13.00 | 2.00 | 12.00 | 2.00 | 0.00 |
| Investments | 33.00 | 44.00 | 104.00 | 0.00 | 20.00 | 0.00 | 44.00 | 0.00 | 0.00 |
| Other Assets | 536.00 | 518.00 | 376.00 | 338.00 | 289.00 | 218.00 | 194.00 | 222.00 | 0.00 |
| Total Assets | 947.00 | 912.00 | 808.00 | 643.00 | 525.00 | 431.00 | 422.00 | 396.00 | 0.00 |
Cash Flows
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 12.00 | -8.00 | 169.00 | 30.00 | 74.00 | 53.00 | 32.00 | 55.00 | 0.00 |
| Cash from Investing Activity | -38.00 | 22.00 | -152.00 | -33.00 | -61.00 | -12.00 | -15.00 | -58.00 | 0.00 |
| Cash from Financing Activity | 29.00 | -32.00 | -30.00 | 25.00 | -7.00 | -38.00 | -16.00 | 3.00 | 0.00 |
| Net Cash Flow | 4.00 | -18.00 | -13.00 | 22.00 | 6.00 | 3.00 | 1.00 | 0.00 | 0.00 |
| Free Cash Flow | -40.00 | -51.00 | 127.00 | -45.00 | 53.00 | 13.00 | 14.00 | 17.00 | 0.00 |
| CFO/OP % | 23.00 | 11.00 | 140.00 | 51.00 | 82.00 | 93.00 | 74.00 | 109.00 | 300.00 |
Ratios
Annual · Days / % — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 |
|---|---|---|---|---|---|---|---|---|
| Debtor Days | 189.00 | 139.00 | 84.00 | 132.00 | 158.00 | 144.00 | 96.00 | 104.00 |
| Inventory Days | 74.00 | 135.00 | 212.00 | 209.00 | 235.00 | 165.00 | 351.00 | 279.00 |
| Days Payable | 77.00 | 81.00 | 81.00 | 108.00 | 109.00 | 66.00 | 77.00 | 133.00 |
| Cash Conversion Cycle | 186.00 | 193.00 | 215.00 | 232.00 | 284.00 | 242.00 | 370.00 | 251.00 |
| Working Capital Days | 142.00 | 114.00 | 59.00 | 123.00 | 139.00 | 146.00 | 158.00 | 121.00 |
| ROCE % | 21.00 | 24.00 | 23.00 | 17.00 | 17.00 | 19.00 | 21.00 | 42.00 |
Corporate Actions
10 records| Action | Ex Date | Record Date | Ratio | Amount (₹) | Notes |
|---|---|---|---|---|---|
| Dividend | 14 Aug 2026 | 14 Aug 2026 | — | 12.00 | |
| Dividend | 06 Aug 2025 | 06 Aug 2025 | — | 17.00 | |
| Dividend | 26 Jul 2024 | — | — | 5.00 | NSE/BSE dividend mismatch: BSE/NSE=15.0; BSE/NSE=5.0 |
| Dividend | 26 Jul 2024 | — | — | 15.00 | NSE/BSE dividend mismatch: BSE/NSE=15.0; BSE/NSE=5.0 |
| Bonus | 23 Apr 2024 | 23 Apr 2024 | 1:1 | — | |
| Dividend | 21 Jul 2023 | — | — | 15.00 | |
| Dividend | 29 Jul 2022 | — | — | 8.00 | |
| Dividend | 09 Aug 2021 | — | — | 7.00 | |
| Dividend | 17 Sep 2020 | — | — | 7.00 | |
| Dividend | 30 Jul 2019 | — | — | 7.00 |
Announcements
5 filingsShareholding Pattern
Open on BSEFinancial Results — Filings
Open on BSEBoard Filings
Open on BSEAnnual Reports
Credit Ratings
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Rating update10 Aug from care
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Rating update9 Jul 2025 from care
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Rating update4 Jul 2024 from care
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Rating update24 Jan 2024 from care
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Rating update5 Jul 2023 from care
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Rating update7 Jul 2022 from care