Sunil Singhania’s portfolio stock with Rs 813.5 crore order book: Board announces 1:1 bonus share!

The stock gave multibagger returns of 220 per cent in just 1 year whereas BSE Sensex Index is up by 25 per cent.

On Tuesday, shares of The Anup Engineering Ltd gained 4.66 per cent to an intraday high of Rs 3,180.35 per share from its previous closing of Rs 3,022.65 per share.

The Board of Directors of the company held a meeting on Wednesday, March 20, 2024, inter-alia and approved bonus shares in the ratio 1:1 i.e., 1 bonus equity share of Rs 10 each for every 1 existing equity share of Rs 10 each fully paid up, held by the members of the company as on the record date.

Pre-Bonus paid-up share capital: Rs 9,92,71,500 divided into 99,27,150 equity shares of Rs 10 each fully paid up.

Post-Bonus paid-up share capital: Rs. 19,85,43,000 divided into 1,98,54,300 equity shares of Rs 10 each fully paid up.

Established in 2018, Anup Engineering Ltd is a manufacturer of industrial equipment like heat exchangers, reactors, pressure vessels and centrifuges. Their products are used in various industries including oil & gas, petrochemicals, power and pharmaceuticals. An ace investor, Sunil Singhania, through his fund (Abakkus Emerging Opportunities Fund-1), owns a 3.85 per cent stake in the company as of December 2023.

According to the Quarterly Results, the net sales increased by 12.3 per cent to Rs 128 crore, operating profit increased by 23.3 to Rs 30 crore and net profit increased by 43 per cent to Rs 20 crore in Q3FY24 compared to Q3FY23. As of December 31, 2023, the company has Rs 813.5 crore worth of projects in its order book.

The company has a market cap of over Rs 3,000 crore and has been maintaining a healthy dividend payout of 18.2 per cent. The stock gave multibagger returns of 220 per cent in just 1 year whereas BSE Sensex Index is up by 25 per cent. Investors should keep an eye on this Small-Cap stock.

Disclaimer: The article is for informational purposes only and not investment advice.