The Anup Engineering Ltd: Share Price Intrinsic Value and Fundamental Analysis

Share Price and Basic Stock Data

Last Updated: December 17, 2024, 9:09 pm

Market Cap	7,226 Cr.
Current Price	3,615
High / Low	3,859/1,250
Stock P/E	140
Book Value	275
Dividend Yield	0.41 %
ROCE	16.8 %
ROE	12.4 %
Face Value	10.0
PEG Ratio	11.63

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 of The Anup Engineering Ltd

Stock Name	Market Cap	Current Price	High / Low	Stock P/E	Book Value	Dividend Yield	ROCE	ROE	Face Value
HLE Glascoat Ltd	2,712 Cr.	398	582/350	90.8	63.2	0.28 %	13.1 %	8.62 %	2.00
Harish Textile Engineers Ltd	31.4 Cr.	94.2	103/42.7		23.3	0.00 %	10.8 %	2.98 %	10.0
Disa India Ltd	2,450 Cr.	16,850	20,900/13,238	52.6	1,780	1.19 %	25.9 %	19.2 %	10.0
Cranex Ltd	81.3 Cr.	136	190/47.0	43.2	19.5	0.00 %	10.1 %	14.9 %	10.0
Concord Control Systems Ltd	1,059 Cr.	1,771	2,062/538	70.2	91.1	0.00 %	72.8 %	60.3 %	10.0
Industry Average	11,553.06	N/A		54.38	N/A	N/A	19.11	14.84	N/A

All Competitor Stocks of The Anup Engineering Ltd

Quarterly Result

Month	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Jun 2024
Sales	29	133	52	89	47	100	52	101	114	144	125	140	146
Expenses	23	97	39	66	36	76	42	80	92	114	97	108	113
Operating Profit	7	35	13	23	11	24	9	20	23	30	28	31	33
OPM %	23%	27%	24%	25%	23%	24%	18%	20%	20%	21%	22%	22%	23%
Other Income	1	1	0	1	0	2	0	0	0	0	0	2	3
Interest	0	0	0	0	0	1	0	0	1	0	0	0	1
Depreciation	3	3	3	3	3	3	3	3	3	4	3	4	5
Profit before tax	5	33	10	20	8	23	7	18	19	27	25	29	29
Tax %	-85%	17%	20%	23%	26%	-42%	21%	26%	27%	27%	26%	26%	17%
Net Profit	9	28	8	16	6	32	5	13	14	19	19	22	24
EPS in Rs	4.47	13.98	4.01	7.95	3.06	16.34	2.61	6.53	7.01	9.83	9.37	10.97	12.07

Last Updated: Unknown

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

Month	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Sales	245	279	288	411	524
Expenses	176	209	217	327	411
Operating Profit	70	70	71	84	112
OPM %	28%	25%	25%	20%	21%
Other Income	4	3	4	1	3
Interest	2	2	2	3	1
Depreciation	9	11	12	13	14
Profit before tax	63	61	61	70	100
Tax %	32%	13%	-2%	27%
Net Profit	43	54	62	51	74
EPS in Rs	21.06	27.17	31.34	25.97	37.18
Dividend Payout %	17%	13%	13%	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:	%
3 Years:	19%
TTM:	43%

Compounded Profit Growth
10 Years:	%
5 Years:	%
3 Years:	7%
TTM:	-17%

Stock Price CAGR
10 Years:	%
5 Years:	71%
3 Years:	87%
1 Year:	153%

Return on Equity
10 Years:	%
5 Years:	%
3 Years:	15%
Last Year:	12%

Last Updated: Unknown

Balance Sheet

Last Updated: November 14, 2024, 7:30 pm

Month	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Sep 2024
Equity Capital	10	10	10	10	20
Reserves	313	327	384	428	528
Borrowings	0	0	0	34	19
Other Liabilities	99	94	132	171	305
Total Liabilities	422	431	525	643	872
Fixed Assets	171	212	203	217	348
CWIP	12	2	31	87	15
Investments	44	0	0	0	23
Other Assets	194	217	292	338	486
Total Assets	422	431	525	643	872

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Cash from Operating Activity +	32	53	74	30
Cash from Investing Activity +	-15	-12	-61	-33
Cash from Financing Activity +	-16	-38	-7	25
Net Cash Flow	1	3	6	22

Free Cash Flow

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

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
Debtor Days	96	144	158	132
Inventory Days	351	165	235	209
Days Payable	77	66	113	108
Cash Conversion Cycle	370	242	280	232
Working Capital Days	158	146	137	127
ROCE %		19%	17%	17%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
Promoters	43.04%	43.04%	43.04%	43.04%	43.05%	42.98%	42.98%	42.93%	42.91%	42.91%	42.74%	41.24%
FIIs	2.13%	2.13%	1.76%	1.78%	1.78%	1.76%	2.52%	2.35%	1.14%	0.75%	0.86%	1.18%
DIIs	12.12%	13.16%	13.25%	11.64%	10.68%	10.35%	10.36%	11.53%	11.42%	11.09%	10.74%	11.06%
Public	42.70%	41.67%	41.94%	43.53%	44.47%	44.89%	44.12%	43.17%	44.53%	45.25%	45.66%	46.53%
No. of Shareholders	93,595	90,644	91,952	91,147	89,762	88,244	85,492	83,012	84,159	83,755	85,438	92,381

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund Name	No of Shares	AUM (%)	Amount Invested (Cr)	Previous Number of Shares	Previous Date	Percentage Change
HDFC Retirement Savings Fund - Equity - Regular Plan	169,067	1.05	45.99	2,000	2024-12-13	8353.35%
HDFC Defence Fund	130,334	1.92	35.45	2,000	2024-12-13	6416.7%
HDFC Retirement Savings Fund - Hybrid Equity - Regular Plan	30,301	0.65	8.24	2,000	2024-12-13	1415.05%
HDFC Retirement Savings Fund - Hybrid Debt - Regular Plan	2,000	0.37	0.56	2,000	2024-12-13	0%

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 23	Mar 22	Mar 21	Mar 20
FaceValue	10.00	10.00	10.00	10.00
Basic EPS (Rs.)	52.01	62.83	52.51	42.13
Diluted EPS (Rs.)	51.68	62.83	52.11	41.97
Cash EPS (Rs.)	64.64	74.53	65.13	50.87
Book Value[Excl.RevalReserv]/Share (Rs.)	442.27	398.14	342.94	316.60
Book Value[Incl.RevalReserv]/Share (Rs.)	442.27	398.14	342.94	316.60
Revenue From Operations / Share (Rs.)	415.65	291.71	283.92	240.66
PBDIT / Share (Rs.)	84.83	74.63	73.56	71.26
PBIT / Share (Rs.)	72.16	62.90	62.87	62.51
PBT / Share (Rs.)	70.73	61.86	62.52	61.77
Net Profit / Share (Rs.)	51.97	62.80	54.44	42.13
NP After MI And SOA / Share (Rs.)	51.97	62.80	54.44	42.13
PBDIT Margin (%)	20.40	25.58	25.90	29.60
PBIT Margin (%)	17.35	21.56	22.14	25.97
PBT Margin (%)	17.01	21.20	22.02	25.66
Net Profit Margin (%)	12.50	21.52	19.17	17.50
NP After MI And SOA Margin (%)	12.50	21.52	19.17	17.50
Return on Networth / Equity (%)	11.75	15.77	15.87	13.30
Return on Capital Employeed (%)	14.88	15.33	17.67	18.86
Return On Assets (%)	7.99	11.81	12.42	10.18
Long Term Debt / Equity (X)	0.06	0.00	0.00	0.00
Total Debt / Equity (X)	0.07	0.00	0.00	0.00
Asset Turnover Ratio (%)	0.72	0.60	0.65	0.00
Current Ratio (X)	2.05	2.34	2.67	2.57
Quick Ratio (X)	1.27	1.59	1.84	1.31
Inventory Turnover Ratio (X)	2.15	2.07	1.62	0.00
Dividend Payout Ratio (NP) (%)	15.37	11.11	13.35	16.61
Dividend Payout Ratio (CP) (%)	12.35	9.36	11.16	13.76
Earning Retention Ratio (%)	84.63	88.89	86.65	83.39
Cash Earning Retention Ratio (%)	87.65	90.64	88.84	86.24
Interest Coverage Ratio (X)	59.61	71.49	209.97	95.77
Interest Coverage Ratio (Post Tax) (X)	37.52	61.16	156.41	57.62
Enterprise Value (Cr.)	996.51	732.96	536.67	315.63
EV / Net Operating Revenue (X)	2.42	2.54	1.92	1.29
EV / EBITDA (X)	11.87	9.94	7.42	4.34
MarketCap / Net Operating Revenue (X)	2.42	2.73	2.01	1.29
Retention Ratios (%)	84.62	88.88	86.64	83.38
Price / BV (X)	2.27	2.00	1.66	0.98
Price / Net Operating Revenue (X)	2.42	2.73	2.01	1.29
EarningsYield	0.05	0.07	0.09	0.13

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of The Anup Engineering Ltd as of December 18, 2024 is: 4,793.57

Calculation basis:

Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of December 18, 2024, The Anup Engineering Ltd is Undervalued by 32.60% compared to the current share price 3,615.00

Intrinsic Value of The Anup Engineering Ltd as of December 18, 2024 is: 5,370.68

Calculation basis:

Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of December 18, 2024, The Anup Engineering Ltd is Undervalued by 48.57% compared to the current share price 3,615.00

Last 5 Year EPS CAGR: 12.04%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The company has higher reserves (396.00 cr) compared to borrowings (10.60 cr), indicating strong financial stability. The company has shown consistent growth in sales (349.40 cr) and profit (71.00 cr) over the years.	The stock has a low average ROCE of 13.25%, which may not be favorable. The stock has a high average Working Capital Days of 142.00, which may not be favorable. The stock has a high average Cash Conversion Cycle of 281.00, which may not be favorable.

Stock Analysis

Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in The Anup Engineering Ltd:
1. Net Profit Margin: 12.5%
  - Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
2. ROCE: 14.88% (Industry Average ROCE: 19.11%)
  - ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
3. ROE%: 11.75% (Industry Average ROE: 14.84%)
  - ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
4. Interest Coverage Ratio (Post Tax): 37.52
  - Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
5. Quick Ratio: 1.27
  - Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
6. Stock P/E: 140 (Industry average Stock P/E: 54.38)
  - Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
7. Total Debt / Equity: 0.07
  - Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
Stock Rating:

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. 288.24 Cr. and Equity Capital is Rs. 9.88 Cr. for the Year ended 31/03/2022.

INDUSTRY	ADDRESS	CONTACT
Engineering - Heavy	Behind 66 KV Electric Sub Station, Odhav Road, Ahmedabad Gujarat 382415	investorconnect@anupengg.com http://www.anupengg.com

Management
Name	Position Held
Mr. Sanjay S Lalbhai	Chairman & Non-Exe.Director
Mr. Punit S Lalbhai	Vice Chairman & Non Exe.Dire
Mr. Samvegbhai Lalbhai	Non Executive Director
Mr. Arpit Patel	Independent 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 latest intrinsic value of The Anup Engineering Ltd?

The latest intrinsic value of The Anup Engineering Ltd as on 17 December 2024 is ₹4793.57, which is 32.60% higher than the current market price of ₹3,615.00. The stock has a market capitalization of 7,226 Cr. and recorded a high/low of ₹3,859/1,250 during the current fiscal year 2024-2025. As of Sep 2024, the company has reserves of ₹528 Cr and total liabilities of ₹872 Cr.

What is the Market Cap of The Anup Engineering Ltd?

The Market Cap of The Anup Engineering Ltd is 7,226 Cr..

What is the current Stock Price of The Anup Engineering Ltd as on 17 December 2024?

The current stock price of The Anup Engineering Ltd as on 17 December 2024 is 3,615.

What is the High / Low of The Anup Engineering Ltd stocks in FY 2024-2025?

In FY 2024-2025, the High / Low of The Anup Engineering Ltd stocks is 3,859/1,250.

What is the Stock P/E of The Anup Engineering Ltd?

The Stock P/E of The Anup Engineering Ltd is 140.

What is the Book Value of The Anup Engineering Ltd?

The Book Value of The Anup Engineering Ltd is 275.

What is the Dividend Yield of The Anup Engineering Ltd?

The Dividend Yield of The Anup Engineering Ltd is 0.41 %.

What is the ROCE of The Anup Engineering Ltd?

The ROCE of The Anup Engineering Ltd is 16.8 %.

What is the ROE of The Anup Engineering Ltd?

The ROE of The Anup Engineering Ltd is 12.4 %.

What is the Face Value of The Anup Engineering Ltd?

The Face Value of The Anup Engineering Ltd is 10.0.

Share Price and Basic Stock Data

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

Competitors of The Anup Engineering Ltd

Quarterly Result

Quarterly Chart

Profit & Loss - Annual Report

Profit & Loss Yearly Chart

YoY Net Profit Growth

Growth

Balance Sheet

Reserves and Borrowings Chart

Cash Flow

Free Cash Flow

Free Cash Flow Chart

Financial Efficiency Indicators

Financial Efficiency Indicators Chart

Share Holding Pattern

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

ROCE Trend

EPS Trend

Key Financial Ratios

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Strength and Weakness

Stock Analysis

About the Company - Qualitative Analysis

FAQ

What is the latest intrinsic value of The Anup Engineering Ltd?

What is the Market Cap of The Anup Engineering Ltd?

What is the current Stock Price of The Anup Engineering Ltd as on 17 December 2024?

What is the High / Low of The Anup Engineering Ltd stocks in FY 2024-2025?

What is the Stock P/E of The Anup Engineering Ltd?

What is the Book Value of The Anup Engineering Ltd?

What is the Dividend Yield of The Anup Engineering Ltd?

What is the ROCE of The Anup Engineering Ltd?

What is the ROE of The Anup Engineering Ltd?

What is the Face Value of The Anup Engineering Ltd?

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