Anup Engineering reports a resilient performance amid uncertainties

The Anup Engineering Limited (ANUP), one of India's leading manufacturers of static process equipment, catering to core industries such as Oil & Gas and Petrochemicals, emerging new-age energy segments including LNG/LPG and Hydrogen, as well as high-technology sectors such as Nuclear and Aerospace, today announced its financial results for the quarter and year ended 31 March 2026.

The results reflect a stable operating performance including industry leading margin, despite a difficult geopolitical and macroeconomic environment.

Highlights for FY26 (Comparison on a YoY basis):

- Highest ever consolidated revenue and EBITDA of ₹822 Cr and ₹174 Cr respectively, Margin at 21%

- Forayed into two of the significant energy segments of Thermal and Nuclear sector

- Initiated execution for a new category of end user segment of "Patented Clean Energy Storage" solution through a European technology partner; repeat order underscores scalability and long-term strategic opportunity.

- Vadodara engineering office is fully operational, to support on engineering design front and fully geared for generating revenue in coming year

- Anup's Technical services arm (the Service Module) has started executing orders with initial traction (~10 POs) and a clear scale-up roadmap. This is a higher margin and higher ROCE business.

- Phase-2 of the Kheda manufacturing facility was commissioned at the end of January 2026, enhancing the plant's revenue potential to ~₹400-₹450 crore. With this expansion, the Company's overall installed capacity has increased to ~20,000 MT per annum, translating into a total annual revenue potential of ~₹1,200 Cr.

- The Company's strategic foray into the Nuclear, Thermal Energy, and Clean Energy Storage segments positions it well to enhance capabilities, diversify revenue streams, and strengthen long-term growth prospects.

- Secured first skid-mounted package order for a Middle East project, establishing a platform for integrated solutions and future growth.

- The sectoral distribution of the Company's product portfolio comprised Oil & Gas at 39%, Petrochemicals at 32%, and other sectors at 29%.

- During the quarter, the product mix remained well balanced, with Heat Exchangers accounting for 54%, Reactors and Vessels for 39%, and Rotary Equipment and Silos for 7%.

- Consolidated revenue from operations for FY26 stood at ₹822 Cr, with EBITDA of ₹174 Cr and PAT of ₹110 Cr.

- The reported EBITDA margin exceeds 21%, within guided range.

Outlook for FY27

- The Company reported a healthy consolidated order book of ₹769 crore, including Letters of Intent (LOIs) aggregating ₹146 Cr.

- The order book spread is as desired and balanced with domestic orders accounting for 60% and exports contributing 40%, indicating a pickup in domestic demand.

- The Company continues to witness an encouraging order inquiry pipeline of ₹1,200 Cr, providing strong visibility for order book build-up across FY27 and FY28.

- The Company intends to strategically scale up its Technical Services business vertical with a focus on improving overall profitability.

- Amid heightened geopolitical volatility, the Company is prioritizing stability, consolidation, and strengthened risk management to safeguard performance.

Shares of The Anup Engineering Limited was last trading in BSE at Rs. 1944.70 as compared to the previous close of Rs. 1981.95. The total number of shares traded during the day was 853 in over 174 trades.

The stock hit an intraday high of Rs. 1997.95 and intraday low of 1937.85. The net turnover during the day was Rs. 1685170.00.

Source : Equity Bulls

Keywords

TheAnupEngineering INE294Z01018 IndustrialMachinery Q4FY26 Q4FY2026 FY26 FY2026 ResultUpdate