ANUP

The Anup Engineering Limited

Static process equipment for oil, gas, petrochemicals and other industries

Industrials›Capital Goods›Industrial Manufacturing›Industrial Products

anupengg.com(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹1488.50
Market cap
2,982 Cr
Stock P/E
35.2
P/B
4.32
Dividend yield
1.1%
ROE (FY26)
16.0%
ROCE (FY26)
18.5%
Operating margin (FY26)
17.8%
Debt / equity (FY26)
0.16
OCF / EBITDA (FY26)
1.2%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

Anup Engineering (The Anup Engineering) manufactures heat exchangers, pressure vessels, towers, reactors, tanks, silos and centrifuges for process industries such as oil and gas, refineries, petrochemicals, fertilizer, power, nuclear and hydrogen.

Company snapshot

30thBy market cap

Ranked among 69 companies in Industrial Products.

What we see

Positives
  • ✓Debt-to-equity of 0.16x — the company is largely funded by its own money, not borrowed funds.
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Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricMar 2023Jun 2023Sept 2023Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales144 Cr125 Cr140 Cr146 Cr193 Cr172 Cr222 Cr175 Cr232 Cr207 Cr208 Cr125 Cr
Operating expenses (approx.)114 Cr97 Cr108 Cr113 Cr150 Cr133 Cr172 Cr135 Cr181 Cr163 Cr170 Cr116 Cr
EBITDA30 Cr28 Cr31 Cr33 Cr43 Cr39 Cr50 Cr40 Cr51 Cr44 Cr38 Cr9 Cr
OPM %20.9%22.4%22.4%22.6%22.4%22.7%22.4%23.0%22.2%21.3%18.4%7.6%
Other income0.46 Cr0.49 Cr2 Cr3 Cr1 Cr0.81 Cr0.69 Cr2 Cr0.36 Cr0.19 Cr0.25 Cr0.52 Cr
Interest0.31 Cr0.04 Cr0.16 Cr1 Cr0.95 Cr0.74 Cr0.63 Cr0.87 Cr2 Cr4 Cr2 Cr2 Cr
Depreciation4 Cr3 Cr4 Cr5 Cr6 Cr6 Cr6 Cr7 Cr7 Cr7 Cr8 Cr7 Cr
Profit before tax27 Cr25 Cr29 Cr29 Cr38 Cr33 Cr43 Cr35 Cr43 Cr32 Cr29 Cr0.93 Cr
Tax %27.4%25.7%25.6%17.4%14.2%7.9%27.3%25.6%25.5%20.9%7.6%39.0%
Net profit19 Cr19 Cr22 Cr24 Cr33 Cr30 Cr32 Cr26 Cr32 Cr26 Cr27 Cr0.57 Cr
EPS (₹)₹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 (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2020Mar 2021Mar 2022Mar 2023Mar 2025Mar 2026TTM
Sales245 Cr279 Cr288 Cr411 Cr733 Cr822 CrSign in free for the trailing twelve months
Operating expenses (approx.)177 Cr210 Cr218 Cr329 Cr443 Cr648 CrSign in free for the trailing twelve months
EBITDA69 Cr69 Cr70 Cr83 Cr290 Cr174 CrSign in free for the trailing twelve months
OPM %28.0%24.6%24.3%20.1%39.6%21.2%Sign in free for the trailing twelve months
Other income4 Cr4 Cr4 Cr1 Cr5 Cr3 CrSign in free for the trailing twelve months
Interest0.76 Cr0.34 Cr1 Cr1 Cr24 Cr9 CrSign in free for the trailing twelve months
Depreciation9 Cr11 Cr12 Cr13 Cr128 Cr28 CrSign in free for the trailing twelve months
Profit before tax63 Cr61 Cr61 Cr70 Cr143 Cr139 CrSign in free for the trailing twelve months
Tax %31.8%12.9%-1.5%26.5%17.4%20.8%Sign in free for the trailing twelve months
Net profit43 Cr54 Cr62 Cr51 Cr118 Cr110 CrSign in free for the trailing twelve months
EPS (₹)₹42.13₹52.51₹62.83₹52.01₹59.25₹55.12Sign in free for the trailing twelve months
Dividend payout %—13.1%11.0%15.2%33.1%30.4%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2020Mar 2021Mar 2022Mar 2023Mar 2025Mar 2026
Equity capital10 Cr10 Cr10 Cr10 Cr20 Cr20 Cr
Reserves313 Cr327 Cr384 Cr428 Cr592 Cr671 Cr
Borrowings———34 Cr29 Cr108 Cr
Other liabilities99 Cr94 Cr132 Cr171 Cr285 Cr172 Cr
Total liabilities422 Cr431 Cr525 Cr643 Cr926 Cr971 Cr
Fixed assets (net)144 Cr188 Cr183 Cr201 Cr340 Cr328 Cr
CWIP12 Cr2 Cr31 Cr87 Cr10 Cr2 Cr
Investments44 Cr0.47 Cr0 Cr0 Cr11 Cr0 Cr
Inventories106 Cr67 Cr90 Cr127 Cr147 Cr101 Cr
Trade receivables64 Cr110 Cr125 Cr149 Cr284 Cr416 Cr
Cash & bank2 Cr4 Cr9 Cr31 Cr3 Cr4 Cr
Other assets49 Cr60 Cr87 Cr49 Cr132 Cr120 Cr
Total assets422 Cr431 Cr525 Cr643 Cr926 Cr971 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2020Mar 2021Mar 2022Mar 2023Mar 2025Mar 2026
Cash from operating activity32 Cr53 Cr74 Cr30 Cr-148 Cr2 Cr
Cash from investing-14 Cr-12 Cr-61 Cr-33 Cr22 Cr-36 Cr
Cash from financing-16 Cr-38 Cr-7 Cr25 Cr-30 Cr36 Cr
Net cash flow2 Cr3 Cr6 Cr22 Cr-156 Cr2 Cr
Free cash flow (OCF − Capex)14 Cr13 Cr32 Cr-45 Cr-192 Cr-51 Cr

Ratios

MetricMar 2020Mar 2021Mar 2022Mar 2023Mar 2025Mar 2026
ROCE %19.7%18.3%15.8%15.1%26.0%18.5%
ROE %13.3%15.9%15.8%11.8%19.3%16.0%
Debtor days96144158131141184
Inventory days27117320219813198
Days payable5970971037883
Cash conversion cycle308247263227193199
OCF / EBITDA %46.0%77.1%105.8%36.3%-50.9%1.2%
OCF / EBITDA % (3 years)——76.5%70.9%——
Debt / equity———0.080.050.16
Current ratio2.572.672.342.051.902.47
Net debt / EBITDA-0.03-0.06-0.140.040.090.60