The Anup Engineering Limited (ANUP) Fair Value & Analysis
Industrials · IN · Market cap ₹46.5B
Fair value as of: Aug 2, 2026
From 17 valuation models · updated 11 days ago
Share price −14.2% over the past month.
A solid business, but screening 42% overvalued on our models.
What matters now
- The price sits above even our optimistic bull case (₹1,364). The favourable scenario is already priced in.
- The model range is unusually wide (₹428.42 to ₹1,364). The outcome hinges heavily on assumptions, so read the point estimate with caution.
- Solid but not exceptional quality (53/100) and above fair value, neither a clear bargain nor a standout compounder.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 2, 2026.
How to read this chart
60‑month range ₹269.11 – ₹3,717 · fair‑value band ₹428.42 – ₹1,364 · the ₹1,870 price screens above the ₹1,082 fair value. Dashed = 300-day average. As of Aug 2, 2026.
Analysis
The Anup Engineering Limited (ANUP) currently trades at ₹1,870, while our model-based Fair Value estimate is ₹1,082, implying the stock looks roughly 42.2% overvalued today. The Quality Score stands at 53/100 (solid quality), in the Industrials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).
Over the trailing twelve months, The Anup Engineering Limited generated revenue of ₹8.2B at a net margin of 13.4%. Revenue declined 6.4% year over year. It earns a return on equity of 17.0%. Net debt stands at ₹973M. Fundamentals as of Aug 2, 2026
Our scenario range runs from ₹428.42 (bear case) to ₹1,364 (bull case); at ₹1,870, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 36% below its 52-week high and 31% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -48% fair-value upside, at -42%, ANUP screens cheaper than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.
All 17 models by family
Widest divergence: Growth Earnings (₹1,575) versus Asset-Based (₹231.12). Highest evidence: Residual Income (76).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 2, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 52 · Market factors (momentum, volatility) 38
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
About the company
The Anup Engineering Limited, together with its subsidiaries, manufactures and fabricates process equipment for oil and gas, petrochemicals, LNG, fertilizers, chemicals, hydrogen, pharmaceuticals, power, water, paper and pulp, and aerospace industries in India.
Full company description
The Anup Engineering Limited, together with its subsidiaries, manufactures and fabricates process equipment for oil and gas, petrochemicals, LNG, fertilizers, chemicals, hydrogen, pharmaceuticals, power, water, paper and pulp, and aerospace industries in India. The company provides static process equipment, including heat exchangers, reactors, pressure vessels, columns and towers, and custom fabrication products; technology products, such as helix changers, EMBaffle heat exchangers, and polymerization reactors; and industrial centrifuges, as well as pre-fabrication engineering services for static process equipment. It also exports its products. The company was formerly known as Anveshan Heavy Engineering Limited and changed its name to The Anup Engineering Limited in January 2019. The Anup Engineering Limited was founded in 1962 and is based in Ahmedabad, India.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2022 – FY2026 · reported fiscal years
The Anup Engineering Limited reported revenue of ₹8.2B in FY2026 versus ₹2.9B in FY2022, a compound +30.1%/yr. Reported net income was ₹1.1B in FY2026, compounding +15.5%/yr from FY2022.
of which total revenue +19.2 pp · buybacks/dilution −9.6 pp
Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).
ANUP screens 42% overvalued. Compare with GE Vernova Inc →
Peer Group
Specialty Industrial Machinery · 805 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation Multiples vs Specialty Industrial Machinery median · lower = cheaper
Snowflake
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
VALUE 0: the price sits above our fair-value range.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Specialty Industrial Machinery stocks, each showing price versus our Fair Value estimate (as of Aug 2, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| GE Vernova Inc 1GEV | €887.60 | €186.93 | -79% |
| 1SIE 1SIE | €273.20 | €91.93 | -66% |
| SMNS SMNS | C$31.76 | C$22.68 | -29% |
| Atlas Copco AB ATCOA | kr 195.15 | kr 112.59 | -42% |
| Sandvik AB SAND | kr 384.10 | kr 193.01 | -50% |
| Doosan Enerbility Co 034020 | 76,400 KRW | 7,938 KRW | -90% |
| Zhejiang Sanhua Intelligent Controls Co 002050 | ¥43.20 | ¥22.68 | -48% |
| Vestas Wind Systems A/S VWS | kr 178.10 | kr 124.54 | -30% |
| NARI Technology Co 600406 | ¥22.19 | ¥18.71 | -16% |
| Shenzhen Han's CNC Technology Co 301200 | ¥303.01 | ¥37.62 | -88% |
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.
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