Anup Engineering Ltd
NSE:ANUP
Anup Engineering Ltd
Anup Engineering Ltd. operates as a heavy engineering company. The company is headquartered in Ahmedabad, Gujarat and currently employs 171 full-time employees. The company went IPO on 2019-03-01. The firm's products include static process equipment, technology products, engineering services, dished ends and industrial centrifuges. Its static process equipment includes heat exchangers, reactors, pressure vessels, columns and towers, and custom fabrication. Its technology products include Helixchanger and EMBaffle Heat Exchanger. The firm offers a range of shell and tube heat exchangers for oil and gas, refinery, petrochemical, fertilizer, power, water and wastewater, and chemical industries. Its range of heat exchangers include evaporators, high-pressure feed water heaters, surface condensers, waste heat exchangers, multi-tube hairpin exchangers, bayonet heat exchangers, catalyst coolers, transfer line exchangers and others.
Anup Engineering Ltd. operates as a heavy engineering company. The company is headquartered in Ahmedabad, Gujarat and currently employs 171 full-time employees. The company went IPO on 2019-03-01. The firm's products include static process equipment, technology products, engineering services, dished ends and industrial centrifuges. Its static process equipment includes heat exchangers, reactors, pressure vessels, columns and towers, and custom fabrication. Its technology products include Helixchanger and EMBaffle Heat Exchanger. The firm offers a range of shell and tube heat exchangers for oil and gas, refinery, petrochemical, fertilizer, power, water and wastewater, and chemical industries. Its range of heat exchangers include evaporators, high-pressure feed water heaters, surface condensers, waste heat exchangers, multi-tube hairpin exchangers, bayonet heat exchangers, catalyst coolers, transfer line exchangers and others.
Revenue Growth: The Anup Engineering reported Q3 revenue of INR 206.9 crores, up 20.3% quarter-on-quarter, and 9-month revenue of INR 614.4 crores, up 20.2% year-on-year.
Profitability: Q3 EBITDA was INR 44.1 crores, up 13% quarter-on-quarter, while 9-month EBITDA reached INR 135.9 crores, up 17.5% year-on-year. PAT for 9 months was INR 85.3 crores, up 2.3%.
Order Book & Pipeline: Order book stands at INR 550 crores, down from INR 740 crores last year, but inquiry pipeline is robust at INR 1,100 crores.
Guidance Maintained: Management continues to guide for full-year revenue growth of 15%-20%, EBITDA margin around 22%, and exports above 50%.
Sector & Product Mix: Oil & gas and petrochemicals contributed 73% of revenue; heat exchangers remain the key product at 57% of revenue.
Strategic Diversification: Company entered new verticals including nuclear, thermal power, and precision machined components, building future growth avenues.
Export Revival: Positive resolution of the India-US trade deal is expected to boost US-bound orders, which were minimal this year but contributed 15%-16% of revenue last year.
CapEx & Capacity: Phase 2 expansion at Kheda plant completed, raising annual capacity to INR 450 crores; no major capex planned soon.
