The Anup Engineering Ltd
The Anup Engineering Q2 FY26 earnings call: Revenue & Margins
Q2 FY26 earnings call: what management said on revenue, margins and capex.
Guidance rank: #56 of 56 in Industrial Manufacturing
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The short version
The company targets a growth rate of 20% to 25% annually in organic revenue, aiming to cross INR 1,000 crores in FY '27 from around INR 850 crores currently. - After a rapid CAGR of ~37% over the past 3 years driven by capacity investments, the future growth will stabilize around 20% to 25%. - The expected opening order book for new financial years is around 75% to 80% of the revenue plan, targeting INR 700-750 crores as of April 1. - Quarterly fresh order intake is expected to be around INR 200-250 crores based on a strong inquiry pipeline of INR 1,100-1,200 crores and a 30-35% strike rate. - Growth is supported by expansion of manufacturing capacity in Gujarat (from 8,000 to 20,000 metric tonnes per annum). - The company plans to capitalize on both domestic and Middle East markets, with cautious optimism on U.S. The company targets a strategic organic growth of 20%+ annually, normalizing after a 3-year aggressive CAGR of ~37%.
From The Anup Engineering Ltd's Q2 FY26 earnings-call transcript · updated 16 Oct 2026.
Revenue & Sales Performance
- The company targets a growth rate of 20% to 25% annually in organic revenue, aiming to cross INR 1,000 crores in FY '27 from around INR 850 crores currently.
- After a rapid CAGR of ~37% over the past 3 years driven by capacity investments, the future growth will stabilize around 20% to 25%.
- The expected opening order book for new financial years is around 75% to 80% of the revenue plan, targeting INR 700-750 crores as of April 1.
- Quarterly fresh order intake is expected to be around INR 200-250 crores based on a strong inquiry pipeline of INR 1,100-1,200 crores and a 30-35% strike rate.
- Growth is supported by expansion of manufacturing capacity in Gujarat (from 8,000 to 20,000 metric tonnes per annum).
2 more points from The Anup Engineering Ltd's call on revenue
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Profitability & Margins
See what The Anup Engineering Ltd said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- Phase 2 expansion at Kheda is nearing completion, with one manufacturing bay already commissioned and another expected by December 2025.
- This expansion will increase overall manufacturing capacity in Gujarat from 8,000 metric tonnes per annum to about 20,000 metric tonnes, a 2.5x increase in 3 years.
- The company has completed major CAPEX investments in terms of capacities and is now focused on stabilizing operations and maximizing revenue generation from these facilities.
2 more points from The Anup Engineering Ltd's call on capex
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Top-ranked in Industrial Manufacturing
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
See what The Anup Engineering Ltd said on fundraising & capital structure — free account, 30 seconds.
Order Book & Pipeline
- Current pending order book stands at INR 568 crores (Page 3).
- Order booking for Q2 improved to INR 257 crores YTD compared to INR 65 crores in Q1 (Page 3).
- As of early FY '26, plan to start with INR 700-750 crores order book, representing 75-80% of revenue plan (Pages 9-10).
- Around INR 200 crores of orders pending dispatch due to customer space constraints; INR 80 crores already dispatched (Page 10-11).
2 more points from The Anup Engineering Ltd's call on order book
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The Anup Engineering Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest (Q4 FY26): revenue ₹208 Cr, net profit ₹27 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What The Anup Engineering Ltd's management said in earlier quarters
Others in Industrial Manufacturing this season
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Q2FY26 Revenue from Operations:** ₹11.40 Crores . Key investor presentation takeaways from Atam Valves's Q2 FY26 investor presentation — and how it ranks agains
- Prizor Viztech Ltd (Q2 FY26)
H1 FY25: 35.4% (from Rs. Key investor presentation takeaways from Prizor Viztech Ltd's Q2 FY26 investor presentation — and how it ranks against sector peers.
Potential multibaggers · Q2 FY27
Potential multibaggers in Industrial Manufacturing
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
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Frequently Asked Questions
What were The Anup Engineering Ltd Q2 FY26 results?
The company targets a growth rate of 20% to 25% annually in organic revenue, aiming to cross INR 1,000 crores in FY '27 from around INR 850 crores currently. - After a rapid CAGR of ~37% over the past 3 years driven by capacity investments, the future growth will stabilize around 20% to 25%. - The expected opening order book for new financial years is around 75% to 80% of the revenue plan, targeting INR 700-750 crores as of April 1. - Quarterly fresh order intake is expected to be around INR 200-250 crores based on a strong inquiry pipeline of INR 1,100-1,200 crores and a 30-35% strike rate. - Growth is supported by expansion of manufacturing capacity in Gujarat (from 8,000 to 20,000 metric tonnes per annum). - The company plans to capitalize on both domestic and Middle East markets, with cautious optimism on U.S. The company targets a strategic organic growth of 20%+ annually, normalizing after a 3-year aggressive CAGR of ~37%.
What is The Anup Engineering Ltd share price analysis?
The Anup Engineering Ltd currently shows a neutral. The stock trades at a P/E of 34.7 with a market cap of ₹2,982 Cr. Investors should review the full earnings analysis for detailed insights.
Is The Anup Engineering Ltd planning capital expenditure?
Phase 2 expansion at Kheda is nearing completion, with one manufacturing bay already commissioned and another expected by December 2025.
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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.