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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
The Anup Engineering Limited is engaged in manufacturing and fabrication of process equipment required for chemicals, petrochemicals, pharmaceuticals, fertilizers, drugs and other allied industries. The Company operates through the engineering products segment. Its static…
Weekly engine runs — movement reflects the numbers, not analyst opinion.
A decent, fast-growing business, reasonably priced — but flagged on governance.
The Anup Engineering is scored on the general / industrial framework. It keeps a healthy 13.4% of every rupee of sales as net profit. Cash conversion lags the reported profit (CFO/PAT 0.02×) — worth a closer look. Free cash flow is worth about -1.3% of its market value.
Over the last 3 years revenue compounded at 41%/yr and profit at 21%/yr. Book value itself has compounded 21%/yr — the hallmark of a genuine compounder. Return on equity is a healthy 16.0%. In the latest quarter profit fell 98% versus the prior quarter.
At 24× earnings, the stock sits at the 36th percentile of its own 4.6-year range — the middle of where it has historically traded. Today's price implies ~15%/yr earnings growth for a decade. The forensic screen raises a red flag: Only ₹0.29 of cash per ₹1 profit over 4 years — earnings not converting to cash.
A plain-English restatement of the figures on this page — rules-based, for education and research context, not investment advice or a recommendation.
| Ratio | Company | Sector | Read |
|---|---|---|---|
| P/E | 31.95 | — | — |
| P/B | 3.92 | 5.05 | better |
| EV/EBITDA | 20.07 | 12.75 | worse |
| ROE | 15.98 | 10.19 | better |
| ROCE | 18.48 | 12.02 | better |
| ROA | 8.65 | 4.74 | better |
| Quick Ratio | 2.03 | 3.69 | worse |
| Peer | P/E | P/B | ROE |
|---|---|---|---|
| Cummins India | 49.9 | 13.5 | 27.1% |
| Welspun Corp | 24.6 | 5.5 | 22.3% |
| Indo-mim | 109.9 | 21.2 | 23.4% |
Revenue has grown every year across all 4 financial years shown. 41% CAGR over 3 years — high-growth territory. Growth is decelerating — latest year grew slower than the year before.
Revenue is outpacing profit (41% vs 21%) — costs are rising faster than the top line.
Operating margin has compressed from 21% to 17% — costs or competition are eating into profitability. The gap between operating and net margin is widening — interest or tax costs are rising.
ROE at 16% — a respectable return on shareholder capital.
EPS dropped in the latest year despite possible profit changes — dilution or a profit dip could be at play. Profit grew faster than EPS (21% vs -4%) — share dilution is eroding per-share value. -4% EPS CAGR — this is the rate at which each share's claim on earnings is compounding.
1 of 4 years had negative operating cash flow — profitability on paper may not translate to cash. Cash conversion at 0.0× PAT — reported profit isn't translating into cash, raising earnings quality questions. Raising capital despite positive cash flow — could signal expansion plans or opportunistic fundraising.
When operating cash keeps pace with reported profit, earnings are cash-backed; a persistent shortfall is a quality flag.
Revenue fell 40% QoQ — could be seasonality or a genuine slowdown. Wide quarterly swings (46% spread) — likely seasonality, lumpy orders, or project-based revenue. Run-rate fading — recent quarters 24% below earlier ones.
Profit fell 98% QoQ — one-quarter drops can be noise, but a pattern matters. Quarterly margins are compressing (14% → 0%) — more revenue isn't translating to proportionally more profit.
How today's P/E compares to the stock's own historical range. Dashed line = the 4.6y median.
Promoters at 40.9% — dispersed ownership; institutional flows drive the stock.
Produced by a rules-based engine over licensed exchange fundamentals — every sentence above is derived from the numbers shown, no analyst or AI opinion involved. Education and research context, not investment advice. We are not SEBI-registered as an Investment Adviser or Research Analyst.