The Anup Engineering Limited — PPTs, 13-05-2025: Investor Presentation

1. Financial Highlights:

Consolidated revenue rose 36.5% YoY to INR 751.3 Cr with EBITDA at INR 172.8 Cr, sustaining a 23% margin. PBT increased 29.4% to INR 150.4 Cr and PAT grew 19.8% to INR 124 Cr. Standalone revenue stood at INR 708.3 Cr, up 28.7%, with EBITDA margin steady near 23% and PAT up 12.9% to INR 116.8 Cr. The balance sheet shows strong net worth of INR 612 Cr, minimal borrowings of INR 8.2 Cr, and solid current assets including INR 284.2 Cr receivables and INR 146.2 Cr inventory.

2. Strategic Initiatives & Growth Drivers:

INR 50 Cr capex underway to expand Kheda facility with two new bays soon to commission. Clean-room and large-scale fabrication capabilities support heavier and complex equipment production, driving growth in exports and domestic markets. Working capital efficiency remains robust at 3.6x.

3. Business Developments:

Completed integration of Mabel Engineering adds INR 18 Cr revenue. Ongoing licensed technology collaborations from Germany, Italy, Netherlands, and the USA bolster product offerings, especially in heat exchangers and pressure vessels.

4. Market Position & Competitive Advantage:

With 62 years of experience, Anup Engineering leads in engineering solutions for Oil & Gas, Chemicals, and LNG sectors. Strength lies in large equipment handling, exotic material fabrication, certifications, diversified product mix (66% heat exchangers), and strong export share (54% standalone revenue).

5. Investor Implications:

A robust INR 741 Cr order book for FY26 provides strong revenue visibility. Expansion capex and strategic acquisitions enhance scaling and margin improvement potential. Export focus and technology collaborations support positive growth outlook, with execution risk around capacity expansion to monitor.