Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us    
Google
Web www.equitybulls.com
Stock Report

| More

The Anup Engineering Limited announces FY19 results

Posted On: 2019-05-20 16:43:19

The Anup Engineering Limited (ANUP), announced its financial results for the fourth quarter and year ended March 31, 2019.

In terms of results, the company has closed FY2019 on a strong note. Overall revenues for the year grew 10% and stood at INR 221 crores - excluding trading income. For Q4, operating revenues decreased from INR ~82 crores to INR ~66 crores for Q4 as a result of contractual timelines (as a reference, for H2, revenues increased from INR 125 crores to INR 143 crores).

Corresponding to above operating income, EBITDA margins expanded from 26% in FY18 to 29% in FY19, and stood at INR64 crores for FY2019. This was partly driven by better realization of export benefits. Profit Before Tax stood at Rs. 59.48 crore (+13%). Profit After Tax was INR 42.70 crores, and the company has decided to pay out dividend at INR 7 per share.

The Company continues to report robust cash generation resulting in a strengthened balance sheet position. Cash surplus position as on March 31, 2019 was at Rs.67 crore.

Outlook:

Opening orderbook for FY2020 stands at INR300 crores, which will enable the company to comfortably aim for 30%+ growth during the year. Anup is in the middle of a 3 year capex cycle which will see investment of INR150+ Cr in expanding facilities at its existing location at Odhav in Ahmedabad area, and also developing a greenfield facility at a new location which is 40km away. This will help the company execute larger, and more complex equipment orders.


Source: Equity Bulls

Click here to send ur comments or to feedback@equitybulls.com





Other Headlines:

Glenmark receives Orphan Drug designation for GBR 1342

Asian Paints Ltd arm divests entires stake in Berger Paints Singapore Pte Ltd

CANYON terminates SPA to acquire TRF Ltd's step down subsidiary

Lemon Tree Hotels Ltd signs license agreement for 80 room hotel at Durgapur

Solix expands senior leadership team to accelerate Cloud Growth

Aavas Financiers raises INR 345 crore from IFC through NCDs

Satra Properties India Ltd has sold 49% in subsidiary

Bayer closes Monsanto integration in India

NACL Industries Ltd gets favorable verdict on insurance claim

ICRA credit Rating for Bank facilities of Banswara Syntex Ltd

American Express buys 9 acres land from DLF Group for its Office campus

SML ISUZU Ltd launches 'Executive Lx 5100 XT Bus'

CFO Tech Outlook recognizes Emagia as 'The Top 10 Fintech Solutions Providers 2019'

NBCC India Ltd signs MoU with Utkal University, Bhubaneswar

Central Bank of India changes Average Balance Charges in Savings Accounts on Monthly basis

General Motors and Tata Consultancy Services Launch New Partnership in Global Vehicle Engineering

ICRA downgrades outlook of Sandhar Technologies Ltd

USFDA issues DMF information request to SMS Pharmaceuticals Ltd

Wipro, lndustrie 4.0 Maturity Center Ink Strategic Partnership

Fintech Start-Up Tarrakki launch investment product in association with Reliance Nippon Life AMC

Asian Paints partners with Mahindra Logistics to strengthen its supply chain in Eastern India

Kaveri Seed Company Ltd board to consider buyback on Sep 24, 2019

Calcom Vision Ltd ties up with Bajaj Electricals Ltd

Skilling to Employment: Maruti Suzuki's Japan-India Institute for Manufacturing, Mehsana, Gujarat records 100% placement for the second consecutive year

V-Mart Retail Ltd opens two new stores in Bihar and Assam

Customer Experience (CX) Leader HGS Unveils HGS Digital to Provide Intelligent Innovation Solutions for Enterprise Clients

Kansai Nerolac Paints Ltd. creates a Floating Pookalam with recyclable Nerolac paint cans on the occasion of Onam

Bayer CropScience Ltd fixes Sep 26, 2019 as record date for merger

IND A1+ rating assigned to CPs of TV18 Broadcast Ltd

Aries Agro Limited completes stake sale in Amarak Chemicals FZC

IND A1+ rating assigned to CPs of Network 18 Media & Investments Ltd

IndiGo connects world's fastest growing economies - India and China

Mindtree to Provide SAP Support Services to Atotech

GE T&D India Ltd accepts resignation of Mr. Gaurav Manoher Negi as CFO

AAVAS Financiers Ltd to issue NCDs to IFC

ICRA assigns ratings to Thangamayil Jewellery Ltd for FY2019-20

Thomas Cook India launches 'Undiscovered Antarctica' in association with National Geographic Expeditions

Ice Make eyes new segments and international markets

Tata Power Renewable Energy Limited commissions 150 MW Solar Capacity in Rajasthan

Generic Engineering bags Large Orders from Maharashtra State Police Housing & Welfare Corporation Limited

Dr. Reddy's launches over-the-counter, store-brand equivalent of Prevacid® 24HR Capsules in the U.S. Market

J. Kumar Infraprojects Ltd bags MMRDA contract worth Rs. 342.13 crore

TVS Motor Company launches new TVS NEO NX in Mali, Africa

L&T Construction secures contracts for various businesses

Tata Elxsi launches ETSI NFV / OSM based Management and Orchestration (MANO) solution for operators

NELCO Launches Maritime Communications Services in India

MILKFOOD Ltd withdraws application for strike off of subsidiary by ROC

Granules India Ltd enters into agreement for sale of stake in JV

Tata Elxsi helps NOS build its first ever RDK-B DOCSIS 3.1 Router

Focus Softnet Accelerates Global Business Expansion with Tata Communications' IZO™ Cloud Platform







Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2019