Valuation Update With 7 Day Price Move • Jun 17
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹2,134, the stock trades at a trailing P/E ratio of 38.7x. Average forward P/E is 35x in the Machinery industry in India. Total returns to shareholders of 160% over the past three years. Reported Earnings • May 29
Full year 2026 earnings: EPS and revenues exceed analyst expectations Full year 2026 results: EPS: ₹55.12 (down from ₹58.52 in FY 2025). Revenue: ₹8.25b (up 13% from FY 2025). Net income: ₹1.10b (down 5.5% from FY 2025). Profit margin: 13% (down from 16% in FY 2025). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) also surpassed analyst estimates by 18%. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Machinery industry in India. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 32% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • May 28
The Anup Engineering Limited Recommends Final Dividend for the Financial Year Ended March 31, 2026 The Anup Engineering Limited recommended final dividend of INR 12/- per equity share of face value of INR 10.00/- each (i.e. 120%), for the financial year ended on 31st March, 2026, subject to the approval of members at the upcoming Annual General Meeting of the Company. The dividend shall be paid/dispatched to the members within 30 days of declaration. Duyuru • May 21
The Anup Engineering Limited to Report Q4, 2026 Results on May 28, 2026 The Anup Engineering Limited announced that they will report Q4, 2026 results on May 28, 2026 New Risk • Mar 04
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.4% average weekly change). Valuation Update With 7 Day Price Move • Feb 19
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₹1,728, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 31x in the Machinery industry in India. Total returns to shareholders of 207% over the past three years. Reported Earnings • Feb 04
Third quarter 2026 earnings released: EPS: ₹12.75 (vs ₹15.11 in 3Q 2025) Third quarter 2026 results: EPS: ₹12.75 (down from ₹15.11 in 3Q 2025). Revenue: ₹2.07b (up 21% from 3Q 2025). Net income: ₹255.3m (down 16% from 3Q 2025). Profit margin: 12% (down from 18% in 3Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.8% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Machinery industry in India. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has increased by 51% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Feb 03
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₹2,070, the stock trades at a forward P/E ratio of 34x. Average forward P/E is 30x in the Machinery industry in India. Total returns to shareholders of 275% over the past three years. Duyuru • Jan 27
The Anup Engineering Limited to Report Q3, 2026 Results on Feb 03, 2026 The Anup Engineering Limited announced that they will report Q3, 2026 results on Feb 03, 2026 Price Target Changed • Jan 07
Price target decreased by 25% to ₹3,000 Down from ₹4,000, the current price target is provided by 1 analyst. New target price is 35% above last closing price of ₹2,215. Stock is down 35% over the past year. The company is forecast to post earnings per share of ₹57.30 for next year compared to ₹58.52 last year. Reported Earnings • Nov 11
Second quarter 2026 earnings: EPS and revenues exceed analyst expectations Second quarter 2026 results: EPS: ₹16.01 (down from ₹16.26 in 2Q 2025). Revenue: ₹2.33b (up 20% from 2Q 2025). Net income: ₹320.5m (down 1.5% from 2Q 2025). Profit margin: 14% (down from 17% in 2Q 2025). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 4.6%. Earnings per share (EPS) also surpassed analyst estimates by 6.3%. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Machinery industry in India. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has increased by 76% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • Nov 03
The Anup Engineering Limited to Report Q2, 2026 Results on Nov 10, 2025 The Anup Engineering Limited announced that they will report Q2, 2026 results on Nov 10, 2025 Declared Dividend • Jul 30
Dividend of ₹17.00 announced Shareholders will receive a dividend of ₹17.00. Ex-date: 6th August 2025 Payment date: 19th September 2025 Dividend yield will be 0.6%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by earnings (29% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 30% per year over the past 6 years and payments have been stable during that time. EPS is expected to grow by 76% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Duyuru • Jul 29
The Anup Engineering Limited to Report Q1, 2026 Results on Aug 05, 2025 The Anup Engineering Limited announced that they will report Q1, 2026 results on Aug 05, 2025 Duyuru • Jul 28
The Anup Engineering Limited, Annual General Meeting, Aug 20, 2025 The Anup Engineering Limited, Annual General Meeting, Aug 20, 2025, at 11:00 Indian Standard Time. Valuation Update With 7 Day Price Move • Feb 19
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹3,070, the stock trades at a forward P/E ratio of 42x. Average forward P/E is 28x in the Machinery industry in India. Total returns to shareholders of 659% over the past three years. Reported Earnings • Feb 01
Third quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behind Third quarter 2025 results: EPS: ₹15.11 (up from ₹10.18 in 3Q 2024). Revenue: ₹1.72b (up 34% from 3Q 2024). Net income: ₹302.1m (up 50% from 3Q 2024). Profit margin: 18% (up from 16% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 9.1%. Earnings per share (EPS) exceeded analyst estimates by 10%. Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Machinery industry in India. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has increased by 83% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • Jan 24
The Anup Engineering Limited to Report Q3, 2025 Results on Jan 31, 2025 The Anup Engineering Limited announced that they will report Q3, 2025 results on Jan 31, 2025 Valuation Update With 7 Day Price Move • Jan 13
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₹2,894, the stock trades at a forward P/E ratio of 42x. Average forward P/E is 37x in the Machinery industry in India. Total returns to shareholders of 402% over the past three years. Recent Insider Transactions • Jan 07
Independent Director recently bought ₹5.1m worth of stock On the 31st of December, Reena Bhagwati bought around 1k shares on-market at roughly ₹3,485 per share. This transaction amounted to 2.5% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought ₹86m more in shares than they have sold in the last 12 months. Recent Insider Transactions • Nov 08
Independent Director recently bought ₹724k worth of stock On the 1st of November, Reena Bhagwati bought around 200 shares on-market at roughly ₹3,622 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth ₹22m. Insiders have collectively bought ₹84m more in shares than they have sold in the last 12 months. New Risk • Nov 03
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (23% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (7.8% average weekly change). Valuation Update With 7 Day Price Move • Nov 02
Investor sentiment improves as stock rises 31% After last week's 31% share price gain to ₹3,603, the stock trades at a forward P/E ratio of 53x. Average forward P/E is 41x in the Machinery industry in India. Total returns to shareholders of 604% over the past three years. Reported Earnings • Oct 27
Second quarter 2025 earnings released: EPS: ₹16.26 (vs ₹10.96 in 2Q 2024) Second quarter 2025 results: EPS: ₹16.26 (up from ₹10.96 in 2Q 2024). Revenue: ₹1.95b (up 39% from 2Q 2024). Net income: ₹325.3m (up 50% from 2Q 2024). Profit margin: 17% (up from 16% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Machinery industry in India. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has increased by 76% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • Oct 26
The Anup Engineering Limited Announces Company Secretary and Compliance Officer Changes The Anup Engineering Limited at its meeting held on October 26, 2024 approved appointment of Mr. Lay Desai as the Company Secretary and Compliance Officer (Key Managerial Personnel) of the Company with effect from 27th October, 2024, in place of Mr. Chintankumar Patel, who shall cease to be Company Secretary with effect from 26th October, 2024 (close of business hours). Brief profile: Mr. Lay Desai, is a commerce and law graduate and also qualified Company Secretary with more than 5 years of post-qualification experience in Secretarial functions of Listed and Unlisted Companies. Duyuru • Oct 18
The Anup Engineering Limited to Report Q2, 2025 Results on Oct 26, 2024 The Anup Engineering Limited announced that they will report Q2, 2025 results at 12:08 PM, Indian Standard Time on Oct 26, 2024 Valuation Update With 7 Day Price Move • Oct 03
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹2,599, the stock trades at a forward P/E ratio of 40x. Average forward P/E is 40x in the Machinery industry in India. Total returns to shareholders of 445% over the past three years. Recent Insider Transactions • Sep 27
Independent Director recently bought ₹7.9m worth of stock On the 24th of September, Reena Bhagwati bought around 4k shares on-market at roughly ₹2,155 per share. This transaction amounted to 3.0% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth ₹22m. Insiders have collectively bought ₹56m more in shares than they have sold in the last 12 months. Recent Insider Transactions • Aug 30
Additional Independent Director recently bought ₹22m worth of stock On the 27th of August, Gokul Jaykrishna bought around 10k shares on-market at roughly ₹2,184 per share. This transaction amounted to 3.0% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought ₹43m more in shares than they have sold in the last 12 months. Duyuru • Jul 24
The Anup Engineering Limited to Report Q1, 2025 Results on Jul 31, 2024 The Anup Engineering Limited announced that they will report Q1, 2025 results on Jul 31, 2024 Reported Earnings • Jul 17
Full year 2024 earnings released: EPS: ₹52.20 (vs ₹26.01 in FY 2023) Full year 2024 results: EPS: ₹52.20 (up from ₹26.01 in FY 2023). Revenue: ₹5.50b (up 34% from FY 2023). Net income: ₹1.03b (up 101% from FY 2023). Profit margin: 19% (up from 13% in FY 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 21% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Machinery industry in India. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has increased by 55% per year, which means it is tracking significantly ahead of earnings growth. Declared Dividend • Jul 15
Dividend of ₹20.00 announced Shareholders will receive a dividend of ₹20.00. Ex-date: 26th July 2024 Payment date: 3rd October 2024 Dividend yield will be 1.1%, which is higher than the industry average of 0.6%. Sustainability & Growth Dividend is well covered by both earnings (14% earnings payout ratio) and cash flows (12% cash payout ratio). The dividend has increased by an average of 16% per year over the past 5 years and payments have been stable during that time. Earnings per share has grown by 20% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Duyuru • Jul 12
The Anup Engineering Limited, Annual General Meeting, Aug 03, 2024 The Anup Engineering Limited, Annual General Meeting, Aug 03, 2024, at 11:00 Indian Standard Time. Buy Or Sell Opportunity • May 06
Now 29% overvalued after recent price rise Over the last 90 days, the stock has risen 40% to ₹2,067. The fair value is estimated to be ₹1,597, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 26% over the last 3 years. Earnings per share has grown by 44%. New Risk • May 06
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (8.3% average weekly change). Reported Earnings • May 05
Full year 2024 earnings released: EPS: ₹52.20 (vs ₹26.01 in FY 2023) Full year 2024 results: EPS: ₹52.20 (up from ₹26.01 in FY 2023). Revenue: ₹5.59b (up 36% from FY 2023). Net income: ₹1.03b (up 101% from FY 2023). Profit margin: 19% (up from 13% in FY 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 20% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Machinery industry in India. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has increased by 86% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • Apr 29
The Anup Engineering Limited to Report Q4, 2024 Results on May 04, 2024 The Anup Engineering Limited announced that they will report Q4, 2024 results at 12:08 PM, Indian Standard Time on May 04, 2024 Recent Insider Transactions • Apr 02
Independent Director recently bought ₹18m worth of stock On the 28th of March, Reena Bhagwati bought around 6k shares on-market at roughly ₹3,217 per share. This transaction amounted to 9.9% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought ₹27m more in shares than they have sold in the last 12 months. Valuation Update With 7 Day Price Move • Mar 19
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₹3,276, the stock trades at a trailing P/E ratio of 40.6x. Average forward P/E is 32x in the Machinery industry in India. Total returns to shareholders of 470% over the past three years. Duyuru • Mar 18
The Anup Engineering Limited (NSEI:ANUP) entered into definitive share purchase agreement to acquire Mabel Engineers Private Limited for INR 330 million. The Anup Engineering Limited (NSEI:ANUP) entered into definitive share purchase agreement to acquire Mabel Engineers Private Limited for INR 330 million on March 15, 2024. Mabel Engineers reported revenues of INR 271.1 million for financial year ended March 31, 2023. The acquisition is expected to complete on May 31, 2024. Reported Earnings • Feb 13
Third quarter 2024 earnings released: EPS: ₹20.35 (vs ₹14.56 in 3Q 2023) Third quarter 2024 results: EPS: ₹20.35 (up from ₹14.56 in 3Q 2023). Revenue: ₹1.31b (up 14% from 3Q 2023). Net income: ₹201.7m (up 45% from 3Q 2023). Profit margin: 15% (up from 12% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 17% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Machinery industry in India. Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has increased by 61% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • Feb 06
The Anup Engineering Limited to Report Q3, 2024 Results on Feb 12, 2024 The Anup Engineering Limited announced that they will report Q3, 2024 results on Feb 12, 2024 Recent Insider Transactions • Nov 21
Independent Director recently bought ₹541k worth of stock On the 12th of November, Reena Bhagwati bought around 200 shares on-market at roughly ₹2,704 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought ₹43m more in shares than they have sold in the last 12 months. Reported Earnings • Nov 01
Second quarter 2024 earnings released: EPS: ₹21.92 (vs ₹13.08 in 2Q 2023) Second quarter 2024 results: EPS: ₹21.92 (up from ₹13.08 in 2Q 2023). Revenue: ₹1.41b (up 40% from 2Q 2023). Net income: ₹217.2m (up 68% from 2Q 2023). Profit margin: 15% (up from 13% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Machinery industry in India. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has increased by 64% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Oct 30
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹2,461, the stock trades at a trailing P/E ratio of 37.6x. Average forward P/E is 30x in the Machinery industry in India. Total returns to shareholders of 345% over the past three years. Duyuru • Oct 24
The Anup Engineering Limited to Report Q2, 2024 Results on Oct 30, 2023 The Anup Engineering Limited announced that they will report Q2, 2024 results on Oct 30, 2023 Duyuru • Jul 24
The Anup Engineering Limited to Report Q1, 2024 Results on Jul 28, 2023 The Anup Engineering Limited announced that they will report Q1, 2024 results on Jul 28, 2023 Upcoming Dividend • Jul 14
Upcoming dividend of ₹15.00 per share at 0.8% yield Eligible shareholders must have bought the stock before 21 July 2023. Payment date: 04 September 2023. Payout ratio is a comfortable 29% but the company is not cash flow positive. Trailing yield: 0.8%. Lower than top quartile of Indian dividend payers (1.5%). In line with average of industry peers (0.8%). Reported Earnings • Jul 13
Full year 2023 earnings released: EPS: ₹52.01 (vs ₹62.83 in FY 2022) Full year 2023 results: EPS: ₹52.01 (down from ₹62.83 in FY 2022). Revenue: ₹4.11b (up 43% from FY 2022). Net income: ₹514.3m (down 17% from FY 2022). Profit margin: 13% (down from 22% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 21% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Machinery industry in India. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has increased by 61% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • Jul 12
The Anup Engineering Limited, Annual General Meeting, Aug 05, 2023 The Anup Engineering Limited, Annual General Meeting, Aug 05, 2023, at 14:00 Indian Standard Time. Agenda: To receive, consider and adopt the Audited Financial Statements [including Consolidated Financial Statements] of the Company for the Financial Year ended 31 March 2023 and the Reports of the Board of Directors and Auditors thereon; to declare dividend on Equity Shares; to consider re-appointment of Statutory Auditors of the Company; to consider ratification of remuneration to Cost Auditor of the Company; and to consider other matters. Price Target Changed • Jun 06
Price target increased by 76% to ₹1,880 Up from ₹1,070, the current price target is provided by 1 analyst. New target price is 17% above last closing price of ₹1,603. Stock is up 122% over the past year. The company posted earnings per share of ₹52.01 last year. Valuation Update With 7 Day Price Move • Jun 01
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹1,546, the stock trades at a trailing P/E ratio of 29.7x. Average forward P/E is 27x in the Machinery industry in India. Total returns to shareholders of 355% over the past three years. Recent Insider Transactions • May 31
Independent Director recently bought ₹2.2m worth of stock On the 29th of May, Reena Bhagwati bought around 2k shares on-market at roughly ₹1,400 per share. This transaction amounted to 3.1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth ₹2.6m. Insiders have collectively bought ₹37m more in shares than they have sold in the last 12 months. Reported Earnings • May 19
Full year 2023 earnings released: EPS: ₹52.01 (vs ₹62.83 in FY 2022) Full year 2023 results: EPS: ₹52.01 (down from ₹62.83 in FY 2022). Revenue: ₹4.13b (up 43% from FY 2022). Net income: ₹514.3m (down 17% from FY 2022). Profit margin: 13% (down from 22% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has increased by 75% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • May 18
Investor sentiment improves as stock rises 26% After last week's 26% share price gain to ₹1,468, the stock trades at a trailing P/E ratio of 22.6x. Average forward P/E is 27x in the Machinery industry in India. Total returns to shareholders of 442% over the past three years. Duyuru • May 13
The Anup Engineering Limited to Report Q4, 2023 Results on May 17, 2023 The Anup Engineering Limited announced that they will report Q4, 2023 results at 12:08 PM, Indian Standard Time on May 17, 2023 Recent Insider Transactions • Mar 28
Insider recently bought ₹488k worth of stock On the 20th of March, Aanal Bhagwati bought around 500 shares on-market at roughly ₹975 per share. This transaction amounted to 1.5% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth ₹4.1m. Insiders have collectively bought ₹31m more in shares than they have sold in the last 12 months. Recent Insider Transactions • Mar 17
Insider recently bought ₹2.0m worth of stock On the 14th of March, Aanal Bhagwati bought around 2k shares on-market at roughly ₹1,020 per share. This transaction amounted to 6.4% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth ₹4.1m. Insiders have collectively bought ₹29m more in shares than they have sold in the last 12 months. Recent Insider Transactions • Mar 09
Independent Director recently bought ₹165k worth of stock On the 6th of March, Reena Bhagwati bought around 150 shares on-market at roughly ₹1,103 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth ₹4.1m. Insiders have collectively bought ₹27m more in shares than they have sold in the last 12 months. Recent Insider Transactions • Feb 12
Independent Director recently bought ₹2.2m worth of stock On the 7th of February, Reena Bhagwati bought around 2k shares on-market at roughly ₹1,105 per share. This transaction amounted to 5.2% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought ₹8.2m more in shares than they have sold in the last 12 months. Reported Earnings • Jan 14
Third quarter 2023 earnings released: EPS: ₹14.56 (vs ₹6.12 in 3Q 2022) Third quarter 2023 results: EPS: ₹14.56 (up from ₹6.12 in 3Q 2022). Revenue: ₹1.15b (up 143% from 3Q 2022). Net income: ₹138.8m (up 129% from 3Q 2022). Profit margin: 12% (in line with 3Q 2022). Revenue is forecast to grow 23% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Machinery industry in India. Over the last 3 years on average, earnings per share has increased by 18% per year whereas the company’s share price has increased by 21% per year. Duyuru • Jan 07
The Anup Engineering Limited to Report Q3, 2023 Results on Jan 13, 2023 The Anup Engineering Limited announced that they will report Q3, 2023 results at 12:08 PM, Indian Standard Time on Jan 13, 2023 Recent Insider Transactions • Jan 04
Independent Director recently bought ₹1.3m worth of stock On the 30th of December, Reena Bhagwati bought around 2k shares on-market at roughly ₹865 per share. This transaction amounted to 4.1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought ₹2.4m more in shares than they have sold in the last 12 months. Recent Insider Transactions • Dec 27
Independent Director recently bought ₹1.0m worth of stock On the 23rd of December, Reena Bhagwati bought around 1k shares on-market at roughly ₹811 per share. This transaction amounted to 3.5% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought ₹1.1m more in shares than they have sold in the last 12 months. Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. Independent Director Reena Bhagwati was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 19
Second quarter 2023 earnings released: EPS: ₹13.08 (vs ₹15.97 in 2Q 2022) Second quarter 2023 results: EPS: ₹13.08 (down from ₹15.97 in 2Q 2022). Net income: ₹129.3m (down 18% from 2Q 2022). Revenue is forecast to grow 98% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Machinery industry in India. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has increased by 23% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • Oct 12
The Anup Engineering Limited to Report Q2, 2023 Results on Oct 17, 2022 The Anup Engineering Limited announced that they will report Q2, 2023 results at 12:08 PM, Indian Standard Time on Oct 17, 2022 Duyuru • Oct 09
The Anup Engineering Limited Announces Management Changes The Anup Engineering Limited at its board meeting held on October 8, 2022, approved that Mr. Rishi Roop Kapoor, Chief Executive officer of the Company, has decided to move into larger role within the Arvind Group to incubate new technologies and business. This shall be effective from 8 October 2022 and Mr. Reginaldo Dsouza, has been appointed as Chief Executive officer of the Company effective from 8 October 2022. Mr. Reginaldo is a 1997 batch Mechanical Engineer and a PGPX from Great Lakes Institute, Chennai. In his career spanning 25 years, he has held multiple roles at Godrej and Boyce Manufacturing Company Limited. Reginaldo comes with strong experience around sales and marketing, operations and supply chain, information technology and business excellence for the process equipment division of Godrej. In his last role, he was leading the Sales and Marketing, Estimations and IT functions for the business. He has proven P&L experience and was responsible for leading the new business initiatives at Godrej. Recent Insider Transactions • Aug 28
Chief Executive Officer recently sold ₹1.3m worth of stock On the 25th of August, Rishi Kapoor sold around 1k shares on-market at roughly ₹865 per share. This was the largest sale by an insider in the last 3 months. Rishi has been a seller over the last 12 months, reducing personal holdings by ₹23m. Duyuru • Aug 09
The Anup Engineering Limited Approves Dividend for the Year 2021-22 The Anup Engineering Limited approved dividend at 80% that is INR 8 per share on fully paid up Equity Shares of INR 10 each for the year 2021-22 at the Annual General Meeting held on August 8, 2022. Duyuru • Aug 02
The Anup Engineering Limited to Report Q1, 2023 Results on Aug 08, 2022 The Anup Engineering Limited announced that they will report Q1, 2023 results at 4:00 AM, Indian Standard Time on Aug 08, 2022 Upcoming Dividend • Jul 22
Upcoming dividend of ₹8.00 per share Eligible shareholders must have bought the stock before 29 July 2022. Payment date: 07 September 2022. Payout ratio is a comfortable 13% and this is well supported by cash flows. Trailing yield: 0.9%. Lower than top quartile of Indian dividend payers (1.8%). In line with average of industry peers (0.8%). Reported Earnings • Jul 20
Full year 2022 earnings released: EPS: ₹62.83 (vs ₹52.51 in FY 2021) Full year 2022 results: EPS: ₹62.83 (up from ₹52.51 in FY 2021). Revenue: ₹2.88b (up 3.3% from FY 2021). Net income: ₹620.5m (up 16% from FY 2021). Profit margin: 22% (up from 19% in FY 2021). Over the next year, revenue is forecast to grow 34%, compared to a 19% growth forecast for the industry in India. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 21% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • Jul 19
The Anup Engineering Limited Recommends Payment of Dividend for the Financial Year Ended 31St March 2022 The Anup Engineering Limited recommended payment of dividend of INR 8/(Rupee Eight only) per equity share of face value of INR 10/(Rupee Ten) each for the Financial Year ended 31st March 2022, subject to approval of shareholders in the ensuing Annual General Meeting (AGM). The dividend, as recommended by the Board, if approved at the ensuing annual general meeting, would be paid /dispatched subject to deduction of tax at source ("TDS") on (i) to all Beneficial Owners in respect of shares held in dematerialized form as per the data as may be made available by the National Securities Depository Limited ("NSDL") and the Central Depository Services (India) Limited ("CDSL"), as of the close of business hours on the 1st August 2022 and (ii) to all Members in respect of shares held in physical form after giving effect to valid transfer, transmission or transposition requests lodged with the Company as of the close of business hours on the 1st August 2022. Duyuru • Jul 16
The Anup Engineering Limited, Annual General Meeting, Aug 08, 2022 The Anup Engineering Limited, Annual General Meeting, Aug 08, 2022, at 11:00 Indian Standard Time. Agenda: To receive, consider and adopt the Audited Financial Statements of the Company for the Financial Year ended 31st March 2022 and the Reports of the Board of Directors and Auditors thereon; to declare dividend on Equity Shares; to appoint a Director in place of Mr. Sanjay S. Lalbhai, who retires by rotation in terms of Article 168 of the Articles of Association of the company and being eligible, offers himself for re-appointment; and to transact other business. Recent Insider Transactions • May 28
Chief Executive Officer recently sold ₹1.2m worth of stock On the 23rd of May, Rishi Kapoor sold around 2k shares on-market at roughly ₹798 per share. This was the largest sale by an insider in the last 3 months. Rishi has been a seller over the last 12 months, reducing personal holdings by ₹39m. Reported Earnings • May 19
Full year 2022 earnings released: EPS: ₹62.83 (vs ₹52.51 in FY 2021) Full year 2022 results: EPS: ₹62.83 (up from ₹52.51 in FY 2021). Revenue: ₹2.92b (up 4.6% from FY 2021). Net income: ₹620.5m (up 16% from FY 2021). Profit margin: 21% (up from 19% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 14% per year whereas the company’s share price has increased by 18% per year. Duyuru • May 18
The Anup Engineering Limited Recommends A Dividend for the Year Ended on 31 March, 2022 The Anup Engineering Limited recommended a dividend at 80 % i.e. INR 8/- per Equity Share of INR 10/- each of the company for the year ended on 31 March, 2022. Duyuru • May 12
The Anup Engineering Limited to Report Q4, 2022 Results on May 17, 2022 The Anup Engineering Limited announced that they will report Q4, 2022 results on May 17, 2022 Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. Independent Director Reena Bhagwati was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Apr 02
Independent Director recently bought ₹500k worth of stock On the 29th of March, Reena Bhagwati bought around 602 shares on-market at roughly ₹831 per share. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold ₹27m more in shares than they bought in the last 12 months. Reported Earnings • Jan 19
Third quarter 2022 earnings: EPS in line with analyst expectations despite revenue beat Third quarter 2022 results: EPS: ₹6.12 (down from ₹8.91 in 3Q 2021). Revenue: ₹476.2m (up 62% from 3Q 2021). Net income: ₹60.6m (down 34% from 3Q 2021). Profit margin: 13% (down from 31% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 18%. Over the next year, revenue is forecast to grow 21%, compared to a 12% growth forecast for the industry in India. Board Change • Jan 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. Independent Director Reena Bhagwati was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Dec 02
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. Independent Director Reena Bhagwati was the last director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Reported Earnings • Oct 27
Second quarter 2022 earnings released: EPS ₹15.97 (vs ₹11.43 in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: ₹896.4m (up 3.3% from 2Q 2021). Net income: ₹157.4m (up 35% from 2Q 2021). Profit margin: 18% (up from 13% in 2Q 2021). The increase in margin was primarily driven by higher revenue. Recent Insider Transactions • Oct 01
Independent Director recently bought ₹1.2m worth of stock On the 27th of September, Reena Bhagwati bought around 1k shares on-market at roughly ₹936 per share. In the last 3 months, they made an even bigger purchase worth ₹1.8m. Despite this recent purchase, insiders have collectively sold ₹31m more in shares than they bought in the last 12 months. Recent Insider Transactions • Sep 18
Insider recently bought ₹1.1m worth of stock On the 15th of September, Aanal Bhagwati bought around 1k shares on-market at roughly ₹1,085 per share. In the last 3 months, there was an even bigger purchase from another insider worth ₹1.8m. Despite this recent purchase, insiders have collectively sold ₹14m more in shares than they bought in the last 12 months. Valuation Update With 7 Day Price Move • Sep 14
Investor sentiment improved over the past week After last week's 15% share price gain to ₹1,096, the stock trades at a trailing P/E ratio of 17.1x. Average forward P/E is 31x in the Machinery industry in India. Total returns to shareholders of 92% over the past year. Recent Insider Transactions • Sep 11
Independent Director recently bought ₹1.8m worth of stock On the 7th of September, Reena Bhagwati bought around 2k shares on-market at roughly ₹1,010 per share. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold ₹16m more in shares than they bought in the last 12 months. Upcoming Dividend • Aug 02
Upcoming dividend of ₹7.00 per share Eligible shareholders must have bought the stock before 09 August 2021. Payment date: 16 September 2021. Trailing yield: 0.7%. Lower than top quartile of Indian dividend payers (1.4%). In line with average of industry peers (0.7%). Reported Earnings • Jul 27
Full year 2021 earnings released: EPS ₹52.51 (vs ₹42.14 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: ₹2.79b (up 14% from FY 2020). Net income: ₹535.2m (up 25% from FY 2020). Profit margin: 19% (up from 18% in FY 2020). The increase in margin was driven by higher revenue. Recent Insider Transactions • Jun 10
Chief Executive Officer recently sold ₹17m worth of stock On the 4th of June, Rishi Kapoor sold around 20k shares on-market at roughly ₹869 per share. This was the largest sale by an insider in the last 3 months. This was Rishi's only on-market trade for the last 12 months. 