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The Anup Engineering share price & results

The Anup Engineering Limited· Capital Goods· Industrials

Results to
Jun 2026
Latest analysed call
Q1 FY27
Ownership as of
Sept 2026

Gujarat-based fabricator of heat exchangers, pressure vessels, reactors & silos for oil & gas, petrochem and nuclear plants.

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Reported

The figures, each with its period

Each figure keeps its basis and period; nothing is filled in.

MetricValueChangeBasisPeriodNote
Revenue125 ₹ crore−28.5% YoYQuarterly, as filedQuarter to Jun 2026Revenue from operations as filed.
Operating margin7.6 %−15.5 pts YoYOperating profit / revenueQuarter to Jun 2026For the quarter; a change is in percentage points.
Net profit0.57 ₹ crore−97.8% YoYQuarterly, as filedQuarter to Jun 2026Profit after tax as filed.
Return on equity13.15 %−1.6 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Jun 2026Adjusted profit attributable to owners ÷ average owners’ equity.
Free cash flow margin-6.20 %+0.8 ptsFY Mar 2026 vs FY Mar 2025Fiscal yearFY ending Mar 2026(Operating cash flow − fixed-asset purchases + disposals) ÷ revenue.
Revenue growth (YoY)1.38 %−30.6 ptsFY Mar 2026 vs FY Mar 2023Trailing twelve monthsTTM to Jun 2026Revenue change against the same period one year earlier.

Source: Inve data from filed results; ratios from the Screener-verified panel · to Jun 2026

Guidance

What management said, and what became of it

4 of 12 judged targets kept · 10 open · verdicts reflect calls analysed to Q1 FY27.

The Anup Engineering Limited management guidance track record on Inve: 22 targets tracked across analysed earnings calls (4 achieved, 8 missed, 10 open).

TargetOriginal wordingSaidLatest callVerdict
FY26 Revenue Growth25% to 30%
Call transcript, Q3 FY25 · 31 Jan 2025		Q3 FY25Q1 FY27:Promise concluded in FY26 and was achieved.
Call transcript, Q1 FY27 · 6 Aug 2026		Achieved
FY26 EBITDA Marginover 20%
Call transcript, Q3 FY25 · 31 Jan 2025		Q3 FY25Q1 FY27:Promise concluded in FY26 and was missed.
Call transcript, Q1 FY27 · 6 Aug 2026		Missed
Long-term Revenue CAGR25-30%
Call transcript, Q2 FY25 · 28 Oct 2024		Q2 FY25Q1 FY27:Management provided FY27 revenue growth guidance of 5-10%, a significant step down from the long-term CAGR target.
Call transcript, Q1 FY27 · 6 Aug 2026		Revised Down

Source: Inve Guidance Tracker for The Anup Engineering Limited · to Q1 FY27

A verdict describes what became of management’s own words in later analysed calls. “Delayed” is a change of date, “went quiet” a target the calls stopped mentioning. None of it is a judgement on the investment. The methodology sets out how verdicts are recorded.

8 of The Anup Engineering Limited's 22 targets were missed. See which ones, and which are quietly gone. The 3 above are the free sample; 19 more targets are in the full ledger.

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Price

₹1,352.4 +1.91% · +₹25.3

Last close 27 Oct 2026 · NSE · INR · Source: Inve

Performance −41.6% 1Y

₹1.5k₹2.0k₹2.5kOct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Oct 26Q2 FY26 — 10 Nov 2025Q3 FY26 — 4 Feb 2026Q4 FY26 — 27 May 2026Q1 FY27 — 6 Aug 2026

1Y: ₹2,316.3 on 24 Oct 2025 → ₹1,352.4. High ₹2,449.9 (14 Nov 2025), low ₹1,327.1 (26 Oct 2026).

Previous close
₹1,327.1
Market cap
₹2.7k Cr
52-week range
₹1,327.1 – ₹2,449.9
One year
−41.16%
Price to earnings (TTM to Jun 2026)
31.26×
Return on equity (TTM to Jun 2026)
13.15%

Overview

Symbol
NSE:ANUP
Industry
Industrials
Exchange
NSE
Currency
INR

What The Anup Engineering Limited does

Based on the company's own presentations, annual report and earnings calls.

The Anup Engineering Limited designs and fabricates custom-engineered static and rotary process equipment — heat exchangers, pressure vessels, reactors, columns/towers, industrial centrifuges and silos — used inside hydrocarbon-processing and industrial-gas plants. It earns revenue by manufacturing this equipment to customer specification for oil & gas, petrochemical, fertilizer, hydrogen, refinery and LNG plants, and has recently begun supplying nuclear and thermal-power customers, with output split roughly evenly between domestic and export markets. Manufacturing is carried out at plants in Ahmedabad and Kheda (Gujarat) and, through its wholly owned subsidiary Mabel Engineering, in Chennai, supported by a dedicated engineering design office in Vadodara. The company also licenses specialised heat-exchanger and reactor technologies from European technology partners and has started a technical-services and equipment-skid-package business alongside its core fabrication work.

Manufacturing plants
3 — Ahmedabad and Kheda (Gujarat), plus Chennai via wholly owned subsidiary Mabel Engineering
Kheda plant installed capacity
~20,000 MT/year after Phase-2 commissioning (Jan 2026)
Product range
Heat exchangers, pressure vessels & drums, reactors & separators, columns & towers, industrial centrifuges, silos, piping spools & custom fabrication
Industries served
10 — Oil & Gas, Fertilizer, Specialty Chemicals, Water/Wastewater, Refinery, LNG, Hydrogen, Petrochemicals, Nuclear Power
Largest single-piece equipment handled
Up to 1,000 MT weight, 8.5 m diameter, 100 m production length (Kheda plant)
Ahmedabad plant shop area
45,000 sq.m total (23,000 sq.m covered under-the-hook, incl. ISO 8 clean room for exotic-material fabrication)
Founded 1962Headquarters Ahmedabad, Gujarat, India Company website

How the price took the results

close before → close after

Q1 FY27
−10.0%
6 Aug
Q4 FY26
−5.5%
28 May
Q3 FY26
−6.5%
4 Feb
Q2 FY26
+3.7%
10 Nov

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

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