Fundamental Analysis
THE ANUP ENGINEERING LTD.
Ticker : 542460
BUY: Rs 885.80
Target: Rs 990
Anup Engineering Limited, a subsidiary of Arvind Limited is an emerging leader in the fabrication of top-end process equipment. On the consolidated quarterly front, the company recorded net sales and operating income of Rs 132.76 crore for Q4FY21, recording an attractive growth of 89.26 per cent from its net sales & operating income of Rs 70.15 crore reported for Q4FY20. The operating profit grew significantly to reach Rs 36.66 crore in Q4FY21 from Rs 16.91 crore posted in Q4FY20. The company reported a net profit of Rs 27.55 crore in Q4FY21 as compared to Rs 8.45 crore recorded in Q4FY20, gaining significantly. The company is making significant efforts to maintain execution levels along with due safety procedures. Hence, we recommend BUY.