With a market capitalization of Rs 1,446 crores, The Anup Engineering Ltd (TAEL) is engaged in the process of manufacturing as well as fabrication of process equipment that is required for petrochemicals, fertilizers, pharmaceuticals, and other allied industries.
The company’s product portfolio includes industrial centrifuges, dished ends, static process equipment, etc. The company has a business presence in India along with overseas operations.
The company’s stock opened its trading hour today at Rs 1,317 and currently trades at Rs 1,488. The scrip is about 14.6 percent up in comparison to the previous closing price of Rs 1,298.30.
Keeping a purview of 2 years, the stock has delivered multibagger returns of 123 percent to its stakeholders. It means that if someone would have invested Rs 1 Lakh into the stock, it would have converted to Rs 2.23 Lakhs within a period of 2 years.
The Anup Engineering, this week, announced its financial results for Q4 as well as for the annual period of FY2022-23. Moreover, its Board recommended a Final dividend of Rs 15 (150 percent of its face value of Rs 10) for the same financial year. Payment of the same is subject to the shareholder’s approval.
Digging into the latest quarterly financials of the company, the revenues generated have increased from Rs 114 crores in Q3 v/s Rs 144 crores in Q4 indicating a 26 percent increase. In congruence with the pattern shown above, the PAT figures went up from Rs 14 crores to Rs 19 crores which is a 36 percent upside.
Having a yearly comparison of the metrics mentioned above, the revenues went up from Rs 288 crores during FY21-22 to Rs 411 crores in FY22-23 showing a 43 percent up movement. On a contrasting note, the PAT numbers, during the same time horizon, reduced from Rs 62 crores to Rs 51 crores.
According to the latest shareholding pattern data released, promoters of the company hold a 42.98 percent stake, and Foreign Institutional Investors hold a 2.51 percent stake in the company.
Written by Amit Madnani
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