The Anup Engineering Limited

NSEI:ANUP Stock Report

Market Cap: ₹39.4b

Anup Engineering Management

Management criteria checks 1/4

Anup Engineering's CEO is Reginaldo Dsouza, appointed in Oct 2022, has a tenure of 3.58 years. total yearly compensation is ₹40.18M, comprised of 42.8% salary and 57.2% bonuses, including company stock and options. directly owns 0.02% of the company’s shares, worth ₹7.87M. The average tenure of the management team and the board of directors is 1.6 years and 4.7 years respectively.

Key information

Reginaldo Dsouza

Chief executive officer

₹40.2m

Total compensation

CEO salary percentage42.84%
CEO tenure3.6yrs
CEO ownership0.02%
Management average tenure1.6yrs
Board average tenure4.7yrs

Recent management updates

Recent updates

Narrative Update Mar 25

ANUP: Upcoming Governance Decisions Will Support Future Upside Potential

Analysts have kept Anup Engineering's fair value estimate steady at ₹3,000 per share, citing only marginal tweaks to assumptions for discount rate, revenue growth, profit margin and future P/E that do not change their overall price target view. What's in the News A board meeting is scheduled for Feb 03, 2026 to consider and approve the unaudited standalone and consolidated financial results for the quarter and period ended Dec 31, 2025 (company announcement).
Narrative Update Mar 09

ANUP: Upcoming Shareholder And Board Actions Will Support Future Upside

Analysts have kept their price target on Anup Engineering steady at ₹3,000, citing largely unchanged assumptions around revenue growth, profit margin and future P/E, supported by a slightly lower discount rate that fine tunes rather than shifts their overall valuation view. What's in the News A special shareholders meeting is scheduled for Mar 11, 2026 via postal ballot in India to consider amendments to the Anup employee stock option scheme 2019, including administering the scheme through an irrevocable employee welfare trust, adjusting the exercise price clause, and enabling secondary acquisition of shares through the trust route (Key Developments).
Narrative Update Feb 23

ANUP: Upcoming Board Decisions And Steady Assumptions Will Support Future Upside

Analysts have kept Anup Engineering's fair value estimate steady at ₹3,000, with only minor adjustments to inputs such as discount rate, revenue growth, profit margin and future P/E assumptions. Together, these factors support an unchanged overall price target.
Narrative Update Feb 08

ANUP: Upcoming Board Actions And Refined Assumptions Will Support Future Upside

Analysts have kept their fair value estimate for Anup Engineering steady at ₹3,000 while refining their assumptions on discount rate, revenue growth, profit margin, and future P/E to better reflect updated risk and earnings expectations. What's in the News Board meeting scheduled for Feb 3, 2026 to approve and record the unaudited standalone and consolidated financial results for the quarter and period ended Dec 31, 2025 (company filing).
Narrative Update Jan 24

ANUP: Succession Planning And Upcoming Board Decisions Will Support Future Upside Potential

Analysts have maintained their price target for Anup Engineering at ₹3,000. This reflects updated assumptions on discount rate, growth, and P/E that, in their view, continue to support the same fair value for the shares.
Narrative Update Jan 09

ANUP: Succession Planning And Board Actions Will Support Future Upside Potential

Analysts have reduced their price target on Anup Engineering from ₹4,000 to ₹3,000 as they now apply a slightly higher discount rate and more moderate revenue growth and profit margin assumptions, alongside a similar future P/E expectation. What's in the News A board meeting is scheduled on Nov 10, 2025, at 10:30 Indian Standard Time to approve and record unaudited standalone and consolidated financial results for the quarter and half year ended Sep 30, 2025 (company filing).
Analysis Article Nov 21

Solid Earnings May Not Tell The Whole Story For Anup Engineering (NSE:ANUP)

The market for The Anup Engineering Limited's ( NSE:ANUP ) stock was strong after it released a healthy earnings report...
Narrative Update Sep 05

Kheda Expansion And Geographic Diversification Will Open New Horizons

With both the discount rate and future P/E ratio holding steady, analysts have left Anup Engineering’s fair value estimate unchanged at ₹4000. What's in the News Provided earnings guidance for FY 2025-26, expecting 15% to 20% revenue growth.
Analysis Article Aug 08

The Anup Engineering Limited Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next

NSEI:ANUP 1 Year Share Price vs Fair Value Explore Anup Engineering's Fair Values from the Community and select yours...
Analysis Article Jul 29

The Anup Engineering Limited's (NSE:ANUP) Shares May Have Run Too Fast Too Soon

With a price-to-earnings (or "P/E") ratio of 43.4x The Anup Engineering Limited ( NSE:ANUP ) may be sending bearish...
Analysis Article May 22

Anup Engineering's (NSE:ANUP) Solid Earnings May Rest On Weak Foundations

The stock price didn't jump after The Anup Engineering Limited ( NSE:ANUP ) posted decent earnings last week. Our...
Analysis Article Apr 29

Investors Appear Satisfied With The Anup Engineering Limited's (NSE:ANUP) Prospects

When close to half the companies in the Machinery industry in India have price-to-sales ratios (or "P/S") below 2.5x...
Analysis Article Mar 12

Is Anup Engineering (NSE:ANUP) A Risky Investment?

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Analysis Article Feb 04

Results: The Anup Engineering Limited Exceeded Expectations And The Consensus Has Updated Its Estimates

It's been a good week for The Anup Engineering Limited ( NSE:ANUP ) shareholders, because the company has just released...
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New Narrative Jan 31

Expansion At Kheda Facility Will Increase Capacity And Diversify Markets By Q3 FY '26

Strategic diversification and partnerships position Anup Engineering to capture high-margin orders and secure steady export revenue.
Analysis Article Jan 28

Earnings Not Telling The Story For The Anup Engineering Limited (NSE:ANUP)

The Anup Engineering Limited's ( NSE:ANUP ) price-to-earnings (or "P/E") ratio of 47.5x might make it look like a...
Analysis Article Jan 10

Capital Investments At Anup Engineering (NSE:ANUP) Point To A Promising Future

If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...
Analysis Article Nov 26

Here's Why We Think Anup Engineering (NSE:ANUP) Is Well Worth Watching

For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...
Analysis Article Nov 04

Anup Engineering's (NSE:ANUP) Earnings Are Weaker Than They Seem

The Anup Engineering Limited ( NSE:ANUP ) just reported some strong earnings, and the market reacted accordingly with a...
Analysis Article Nov 03

Anup Engineering (NSE:ANUP) Seems To Use Debt Quite Sensibly

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Analysis Article Oct 20

Optimistic Investors Push The Anup Engineering Limited (NSE:ANUP) Shares Up 25% But Growth Is Lacking

The Anup Engineering Limited ( NSE:ANUP ) shares have continued their recent momentum with a 25% gain in the last month...
Analysis Article Oct 04

Is Now The Time To Look At Buying The Anup Engineering Limited (NSE:ANUP)?

The Anup Engineering Limited ( NSE:ANUP ), might not be a large cap stock, but it received a lot of attention from a...
Analysis Article Aug 28

Earnings Not Telling The Story For The Anup Engineering Limited (NSE:ANUP)

With a price-to-earnings (or "P/E") ratio of 40.7x The Anup Engineering Limited ( NSE:ANUP ) may be sending bearish...
Analysis Article Apr 13

The Anup Engineering Limited's (NSE:ANUP) 31% Jump Shows Its Popularity With Investors

The Anup Engineering Limited ( NSE:ANUP ) shares have had a really impressive month, gaining 31% after a shaky period...
Analysis Article Mar 19

Anup Engineering (NSE:ANUP) Seems To Use Debt Quite Sensibly

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Analysis Article Dec 14

Anup Engineering (NSE:ANUP) Hasn't Managed To Accelerate Its Returns

If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. In a perfect...
Analysis Article Nov 15

These 4 Measures Indicate That Anup Engineering (NSE:ANUP) Is Using Debt Reasonably Well

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Analysis Article Oct 31

What Does The Anup Engineering Limited's (NSE:ANUP) Share Price Indicate?

While The Anup Engineering Limited ( NSE:ANUP ) might not be the most widely known stock at the moment, it led the NSEI...
Analysis Article Aug 01

We Think Anup Engineering (NSE:ANUP) Can Stay On Top Of Its Debt

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Analysis Article Jul 14

Anup Engineering (NSE:ANUP) Will Pay A Larger Dividend Than Last Year At ₹15.00

The Anup Engineering Limited's ( NSE:ANUP ) dividend will be increasing from last year's payment of the same period to...
Analysis Article Jul 07

Is It Too Late To Consider Buying The Anup Engineering Limited (NSE:ANUP)?

While The Anup Engineering Limited ( NSE:ANUP ) might not be the most widely known stock at the moment, it saw a...

CEO Compensation Analysis

How has Reginaldo Dsouza's remuneration changed compared to Anup Engineering's earnings?
DateTotal CompensationSalaryCompany Earnings
Dec 31 2025n/an/a

₹1b

Sep 30 2025n/an/a

₹1b

Jun 30 2025n/an/a

₹1b

Mar 31 2025₹40m₹17m

₹1b

Compensation vs Market: Reginaldo's total compensation ($USD418.72K) is above average for companies of similar size in the Indian market ($USD259.72K).

Compensation vs Earnings: Insufficient data to compare Reginaldo's compensation with company performance.


CEO

Reginaldo Dsouza (50 yo)

3.6yrs
Tenure
₹40,179,935
Compensation

Mr. Reginaldo Dsouza is Chief Executive Officer of The Anup Engineering Limited from October 08, 2022 and is its Managing Director and Director since August 3, 2024. Mr. Reginaldo is a 1997 batch Mechanica...


Leadership Team

NamePositionTenureCompensationOwnership
Reginaldo Dsouza
MD, CEO & Director3.6yrs₹40.18m0.020%
₹ 7.9m
Nilesh Hirapara
Chief Financial Officer3.1yrsno datano data
Lay Desai
Company Secretary & Compliance Officer1.6yrsno datano data
Kunal Shah
Chief Human Resource Officer1yrno datano data
Abhishek Bansal
Vice President Corporate Sustainabilityno datano datano data
Dinesh Patel
Chief Quality Officer1yrno datano data
1.6yrs
Average Tenure

Experienced Management: ANUP's management team is not considered experienced ( 1.6 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Reginaldo Dsouza
MD, CEO & Director1.8yrs₹40.18m0.020%
₹ 7.9m
Samvegbhai Sheth
Non-Executive Director7.5yrs₹450.00k0.092%
₹ 36.3m
Reena Bhagwati
Independent Director7.5yrs₹930.00k0.38%
₹ 148.5m
Gokul Jaykrishna
Additional Independent Director1.8yrs₹810.00k1.72%
₹ 678.3m
Punit Lalbhai
Non-Executive Chairman8.6yrs₹2.65m0.0014%
₹ 539.7k
Kulin Lalbhai
Additional Non-Executive Directorless than a yearno data0.020%
₹ 7.7m
Ganpatraj Chowdhary
Independent Director7.5yrs₹970.00kno data
Dhinal Shah
Additional Independent Director1.8yrs₹990.00kno data
4.7yrs
Average Tenure
57.5yo
Average Age

Experienced Board: ANUP's board of directors are considered experienced (4.7 years average tenure).


Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/17 01:07
End of Day Share Price 2026/05/15 00:00
Earnings2025/12/31
Annual Earnings2025/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

The Anup Engineering Limited is covered by 5 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Nitin BhasinAmbit Capital
Karan KhannaAmbit Capital
Ashwin MehtaAmbit Capital