The Anup Engineering Ltd: Intrinsic Value & Share Price Analysis

Q: What is the current share price and 52-week range of The Anup Engineering Ltd?

The Anup Engineering Ltd is trading at 1,729.00 as of 03 April 2026, with a FY2026-2027 high of 3,468 and low of 1,410. The stock is currently near its 52-week low. Market cap stands at 3,463 Cr..

Q: Is The Anup Engineering Ltd financially healthy?

Key indicators: ROCE of % is on the lower side. Dividend yield is 0.98 %.

Q: Is The Anup Engineering Ltd profitable and how is the profit trend?

The Anup Engineering Ltd reported a net profit of 118 Cr in Mar 2025 on revenue of 733 Cr. Compared to 54 Cr in Mar 2021, the net profit shows an improving trend.

Fair Value

₹1,442.02Overvalued by 16.60%vs CMP ₹1,729.00

P/E (29.7) × ROE (18.9%) × BV (₹318.00) × DY (0.98%)

₹845.07Overvalued by 51.12%vs CMP ₹1,729.00

MoS: -104.6% (Negative)Confidence: 63/100 (Moderate)Models: 1 Fair, 8 Over

Model	Category	Value	Weight	Signal
PE-ROE	Earnings	₹1,675.86	23%	Fair (-3.1%)
Graham Number	Earnings	₹641.97	17%	Over (-62.9%)
Earnings Power	Earnings	₹210.28	11%	Over (-87.8%)
DCF	Cash Flow	₹1,140.19	11%	Over (-34.1%)
Net Asset Value	Assets	₹317.54	7%	Over (-81.6%)
EV/EBITDA	Enterprise	₹688.01	9%	Over (-60.2%)
Earnings Yield	Earnings	₹576.00	7%	Over (-66.7%)
ROCE Capital	Returns	₹623.05	9%	Over (-64%)
Revenue Multiple	Revenue	₹365.97	6%	Over (-78.8%)
Consensus (9 models)		₹845.07	100%	Overvalued

Key Drivers: Wide model spread (₹210–₹1,676) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 16.2%

*Investments are subject to market risks

Investment Snapshot

The Anup Engineering Ltd scores 65/100 (Average)

Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison

Stock Health75/100 · Strong

ROCE 0.0% WeakROE 18.9% ExcellentD/E 0.00 Low debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent

Smart Money65/100 · Strong

FII holding stable No changeDII holding up 1.05% MF buyingPromoter holding at 40.9% Stable

Earnings Quality40/100 · Moderate

OPM contracting (25% → 22%) Declining

Quarterly Momentum78/100 · Strong

Revenue (4Q): +28% YoY AcceleratingProfit (4Q): +6% YoY Positive

Industry Rank70/100 · Strong

P/E 29.7 vs industry 37.1 In-lineROE 18.9% vs industry 13.1% Above peers3Y sales CAGR: 38% High growth

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 3:47 am

Market Cap	3,463 Cr.
Current Price	1,729
Intrinsic Value	₹845.07
High / Low	3,468/1,410
Stock P/E	29.7
Book Value	318
Dividend Yield	0.98 %
ROCE	%
ROE	18.9 %
Face Value	10.0
PEG Ratio	1.83

Stock P/E, Current Price, and Intrinsic Value Over Time

Stock P/E Current Price Intrinsic Value

View Share Price Target for The Anup Engineering Ltd

Competitors

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
The Anup Engineering Ltd	3,463 Cr.	1,729	3,468/1,410	29.7	318	0.98 %	%	18.9 %	10.0
Texmaco Rail & Engineering Ltd	3,597 Cr.	88.4	189/78.0	21.6	69.4	0.85 %	11.2 %	6.39 %	1.00
GMM Pfaudler Ltd	3,793 Cr.	844	1,418/784	33.9	262	0.24 %	13.1 %	6.64 %	2.00
Sanghvi Movers Ltd	2,315 Cr.	267	413/205	15.8	135	0.75 %	11.8 %	10.0 %	1.00
Concord Control Systems Ltd	2,073 Cr.	1,996	2,840/624	68.2	137	0.00 %	36.8 %	27.4 %	10.0
Industry Average	9,009.11 Cr	1,209.85		37.05	295.05	0.38%	15.76%	13.09%	8.88

All Competitor Stocks of The Anup Engineering Ltd

Quarterly Result

Metric	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
Sales	52	101	114	144	125	140	146	193	172	222	175	232	207
Expenses	42	80	92	114	97	108	113	150	133	172	135	181	163
Operating Profit	9	20	23	30	28	31	33	43	39	50	40	51	44
OPM %	18%	20%	20%	21%	22%	22%	23%	22%	23%	22%	23%	22%	21%
Other Income	0	0	0	0	0	2	3	1	1	1	2	0	-1
Interest	0	0	1	0	0	0	1	1	1	1	1	2	4
Depreciation	3	3	3	4	3	4	5	6	6	6	7	7	7
Profit before tax	7	18	19	27	25	29	29	38	33	43	35	43	32
Tax %	21%	26%	27%	27%	26%	26%	17%	14%	8%	27%	26%	26%	21%
Net Profit	5	13	14	19	19	22	24	33	30	32	26	32	26
EPS in Rs	2.61	6.53	7.01	9.83	9.37	10.97	12.07	16.29	15.09	15.75	13.11	16.00	12.74

Last Updated: February 3, 2026, 10:16 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 26, 2026, 3:16 am

Metric	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2025	TTM
Sales	245	279	288	411	733	836
Expenses	176	209	217	327	565	651
Operating Profit	70	70	71	84	168	186
OPM %	28%	25%	25%	20%	23%	22%
Other Income	4	3	4	1	5	2
Interest	2	2	2	3	6	7
Depreciation	9	11	12	13	24	27
Profit before tax	63	61	61	70	143	154
Tax %	32%	13%	-2%	27%	17%
Net Profit	43	54	62	51	118	115
EPS in Rs	21.06	27.17	31.34	25.97	59.07	57.60
Dividend Payout %	17%	13%	13%	29%	29%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2020-2021	2021-2022	2022-2023
YoY Net Profit Growth (%)	25.58%	14.81%	-17.74%
Change in YoY Net Profit Growth (%)	0.00%	-10.77%	-32.56%

The Anup Engineering Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 3 years from 2020-2021 to 2022-2023.

Growth

Compounded Sales Growth
10 Years:	%
5 Years:	24%
3 Years:	36%
TTM:	%

Compounded Profit Growth
10 Years:	%
5 Years:	22%
3 Years:	23%
TTM:	%

Stock Price CAGR
10 Years:	%
5 Years:	53%
3 Years:	75%
1 Year:	0%

Return on Equity
10 Years:	%
5 Years:	%
3 Years:	%
Last Year:	%

Last Updated: September 5, 2025, 1:41 pm

Balance Sheet

Last Updated: December 10, 2025, 3:31 am

Month	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2025	Sep 2025
Equity Capital	10	10	10	10	20	20
Reserves	313	327	384	428	592	616
Borrowings	0	0	0	34	32	158
Other Liabilities	99	94	132	171	282	203
Total Liabilities	422	431	525	643	926	997
Fixed Assets	171	212	203	217	363	387
CWIP	12	2	31	87	10	15
Investments	44	0	0	0	11	0
Other Assets	194	217	292	338	543	595
Total Assets	422	431	525	643	926	997

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2025
Cash from Operating Activity +	32	53	74	30	-7
Cash from Investing Activity +	-15	-12	-61	-33	22
Cash from Financing Activity +	-16	-38	-7	25	-30
Net Cash Flow	1	3	6	22	-15
Free Cash Flow	14	13	33	-45	-51
CFO/OP	74%	93%	82%	51%	13%

Free Cash Flow

Month	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2025
Free Cash Flow	70.00	70.00	71.00	50.00	136.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

Month	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2025
Debtor Days	96	144	158	132	141
Inventory Days	351	165	235	209	135
Days Payable	77	66	113	108	81
Cash Conversion Cycle	370	242	280	232	195
Working Capital Days	158	146	137	123	116
ROCE %		19%	17%	17%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
Promoters	42.98%	42.93%	42.91%	42.91%	42.74%	41.24%	41.03%	40.98%	40.98%	40.98%	40.98%	40.92%
FIIs	2.52%	2.35%	1.14%	0.75%	0.86%	1.18%	1.60%	3.51%	4.59%	4.72%	3.97%	4.03%
DIIs	10.36%	11.53%	11.42%	11.09%	10.74%	11.06%	13.41%	14.53%	15.06%	15.21%	15.73%	16.11%
Public	44.12%	43.17%	44.53%	45.25%	45.66%	46.53%	43.96%	40.98%	39.38%	39.09%	39.31%	38.93%
No. of Shareholders	85,492	83,012	84,159	83,755	85,438	92,381	90,453	96,076	96,237	98,011	99,596	98,168

Shareholding Pattern Chart

No. of Shareholders

The Anup Engineering Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund Name	No of Shares	AUM (%)	Amount Invested (Cr)	Previous Number of Shares	Previous Date	Percentage Change
HDFC Small Cap Fund	1,479,480	0.62	232.46	1,478,628	2026-03-23 11:38:36	0.06%
HDFC Retirement Savings Fund - Equity	200,000	0.45	31.42	N/A	N/A	N/A
HDFC Childrens Fund	153,280	0.23	24.08	95,763	2026-02-23 05:02:24	60.06%
HDFC Infrastructure Fund	70,000	0.45	11	N/A	N/A	N/A
HDFC Retirement Savings Fund - Hybrid Equity	40,000	0.37	6.28	N/A	N/A	N/A
HDFC Retirement Savings Fund - Hybrid Debt	1,300	0.13	0.2	N/A	N/A	N/A

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 25	Mar 23	Mar 22	Mar 21	Mar 20
FaceValue	10.00	10.00	10.00	10.00	10.00
Basic EPS (Rs.)	59.25	52.01	62.83	52.51	42.13
Diluted EPS (Rs.)	59.04	51.68	62.83	52.11	41.97
Cash EPS (Rs.)	70.97	64.64	74.53	65.13	50.87
Book Value[Excl.RevalReserv]/Share (Rs.)	305.57	442.27	398.14	342.94	316.60
Book Value[Incl.RevalReserv]/Share (Rs.)	305.57	442.27	398.14	342.94	316.60
Revenue From Operations / Share (Rs.)	365.91	415.65	291.71	283.92	240.66
PBDIT / Share (Rs.)	85.07	84.83	74.63	73.56	71.26
PBIT / Share (Rs.)	73.17	72.16	62.90	62.87	62.51
PBT / Share (Rs.)	71.50	70.73	61.86	62.52	61.77
Net Profit / Share (Rs.)	59.07	51.97	62.80	54.44	42.13
NP After MI And SOA / Share (Rs.)	59.07	51.97	62.80	54.44	42.13
PBDIT Margin (%)	23.24	20.40	25.58	25.90	29.60
PBIT Margin (%)	19.99	17.35	21.56	22.14	25.97
PBT Margin (%)	19.54	17.01	21.20	22.02	25.66
Net Profit Margin (%)	16.14	12.50	21.52	19.17	17.50
NP After MI And SOA Margin (%)	16.14	12.50	21.52	19.17	17.50
Return on Networth / Equity (%)	19.33	11.75	15.77	15.87	13.30
Return on Capital Employeed (%)	22.91	14.88	15.33	17.67	18.86
Return On Assets (%)	12.77	7.99	11.81	12.42	10.18
Long Term Debt / Equity (X)	0.01	0.06	0.00	0.00	0.00
Total Debt / Equity (X)	0.04	0.07	0.00	0.00	0.00
Asset Turnover Ratio (%)	0.00	0.70	0.60	0.65	0.00
Current Ratio (X)	1.90	2.05	2.34	2.67	2.57
Quick Ratio (X)	1.39	1.27	1.59	1.84	1.31
Inventory Turnover Ratio (X)	0.00	3.79	2.07	1.62	0.00
Dividend Payout Ratio (NP) (%)	33.66	15.37	11.11	13.35	16.61
Dividend Payout Ratio (CP) (%)	28.02	12.35	9.36	11.16	13.76
Earning Retention Ratio (%)	66.34	84.63	88.89	86.65	83.39
Cash Earning Retention Ratio (%)	71.98	87.65	90.64	88.84	86.24
Interest Coverage Ratio (X)	51.02	59.61	71.49	209.97	95.77
Interest Coverage Ratio (Post Tax) (X)	36.43	37.52	61.16	156.41	57.62
Enterprise Value (Cr.)	6977.07	996.51	732.96	536.67	315.63
EV / Net Operating Revenue (X)	9.52	2.42	2.54	1.92	1.29
EV / EBITDA (X)	40.96	11.87	9.94	7.42	4.34
MarketCap / Net Operating Revenue (X)	9.50	2.42	2.73	2.01	1.29
Retention Ratios (%)	66.33	84.62	88.88	86.64	83.38
Price / BV (X)	11.38	2.27	2.00	1.66	0.98
Price / Net Operating Revenue (X)	9.50	2.42	2.73	2.01	1.29
EarningsYield	0.01	0.05	0.07	0.09	0.13

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

The Anup Engineering Ltd. is a Public Limited Listed company incorporated on 14/09/2017 and has its registered office in the State of Gujarat, India. Company's Corporate Identification Number(CIN) is L29306GJ2017PLC099085 and registration number is 099085. Currently Company is involved in the business activities of Manufacture of machinery for metallurgy. Company's Total Operating Revenue is Rs. 708.27 Cr. and Equity Capital is Rs. 20.03 Cr. for the Year ended 31/03/2025.

INDUSTRY	ADDRESS	CONTACT
Engineering - Heavy	Behind 66 KV Electric Sub Station, Ahmedabad Gujarat 382415	Contact not found

Management
Name	Position Held
Mr. Sanjay S Lalbhai	Chairman & Non-Exe.Director
Mr. Punit S Lalbhai	Vice Chairman & Non Exe.Dire
Mr. Reginaldo Dsouza	Managing Director & CEO
Mr. Samvegbhai Lalbhai	Non Executive Director
Ms. Reena Bhagwati	Independent Director
Mr. Ganpatraj Chowdhary	Independent Director
Mr. Dhinal Shah	Independent Director
Mr. Gokul Jaykrishna	Independent Director

FAQ

What is the intrinsic value of The Anup Engineering Ltd and is it undervalued?

As of 03 April 2026, The Anup Engineering Ltd's intrinsic value is ₹845.07, which is 51.12% lower than the current market price of ₹1,729.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (18.9 %), book value (₹318), dividend yield (0.98 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of The Anup Engineering Ltd?

The Anup Engineering Ltd is trading at ₹1,729.00 as of 03 April 2026, with a FY2026-2027 high of ₹3,468 and low of ₹1,410. The stock is currently near its 52-week low. Market cap stands at ₹3,463 Cr..

How does The Anup Engineering Ltd's P/E ratio compare to its industry?

The Anup Engineering Ltd has a P/E ratio of 29.7, which is below the industry average of 37.05. This is broadly in line with or below the industry average.

Is The Anup Engineering Ltd financially healthy?

Key indicators for The Anup Engineering Ltd: ROCE of % is on the lower side compared to the industry average of 15.76%; ROE of 18.9 % shows strong shareholder returns. Dividend yield is 0.98 %.

Is The Anup Engineering Ltd profitable and how is the profit trend?

The Anup Engineering Ltd reported a net profit of ₹118 Cr in Mar 2025 on revenue of ₹733 Cr. Compared to ₹54 Cr in Mar 2021, the net profit shows an improving trend.

Does The Anup Engineering Ltd pay dividends?

The Anup Engineering Ltd has a dividend yield of 0.98 % at the current price of ₹1,729.00. The company pays dividends, though the yield is modest.