Anup Engineering - A Combination Of Sustained Growth, Superior Operating Margin: HDFC Securities

BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy. .HDFC Securities Retail Research.The Anup Engineering Ltd. is engaged in business of design and fabrication of process equipment, which mainly includes heat exchangers, pressure vessels, centrifuges, columns and towers and small reactors that find application in refineries, petrochemicals, chemicals, pharmaceuticals, fertilizers and other allied industries. It is one of the leading process equipment manufacturers having distinctive focus and expertise in heat exchangers (~70-75% of revenue). The company has added proprietary and special equipments through tie-ups and collaboration with global technology providers thereby enhancing existing product range. It has been upgrading its bays to enable handling of higher weight equipment in line with the evolving product mix. Anup Engineering has also undertaken a greenfield expansion in Kheda (Ahmedabad) which is expected to be operational from Q4 FY23. The company is a well-established name amongst end users and consultants that is reflected in healthy operating margins and strong balance sheet. Anup Engineering has strengthened its order book on the back of strong order inflows in FY22 and H1 FY23.The company is well positioned to lead a higher growth trajectory on the back of higher capex and debottlenecking its existing facility in the past and upcoming greenfield expansion..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Anup Engineering - A Combination Of Sustained Growth, Superior Operating Margin: HDFC Securities

Strong order book and capex plans by companies in oil, and gas industry has strengthened its growth trajectory going forward.

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