Rs 629.5 crore order book and Preponement of Rs 15 crore capex in FY24: This multibagger Engineering company reports 123 per cent jump in net profit!

The stock gave multibagger returns of 118 per cent in just 6 months and over 200 per cent in 1 year.

The Anup Engineering Ltd demerged from its holding company Arvind Limited in 2018. It manufactures heat exchangers, reactors, pressure vessels, columns & towers, industrial centrifuges and formed components. 

The company announced it Quarterly Results and half yearly results. Here are the details:

According to the Quarterly Results, the net sales increased by 38.52 per cent to Rs 139.85 crore, operating profit increased by 58.99 to Rs 32.93 crore and net profit increased by 68.03 per cent to Rs 21.72 crore in Q2FY24 compared to Q2FY23. As of September 30, 2023, the company has Rs 629.5 crore worth of projects in its order book.

According to the half-yearly results, the net sales increased by 73.54 per cent to Rs 265.06 crore, operating profit increased by 101.36 per cent to Rs 61.42 crore and net profit increased by 123 per cent to Rs 40.28 crore in H1FY24 compared to H1FY23.

The company's products are used in wide range of process industries including oil & gas, petrochemicals, LNG, fertilizers, chemicals, pharmaceuticals, power, water, paper & pulp and aerospace. The company has a market cap over Rs 2,400 crore and has been maintaining a healthy dividend payout of 18.2 per cent.

On Thursday, The Anup Engineering Ltd gained 1.93 per cent to Rs 2,451.15 per share from its previous closing of Rs 2,404.8 with an intraday high of Rs 2,489.50 and an intraday low of Rs 2,415.

The stock gave multibagger returns of 118 per cent in just 6 months and over 200 per cent in 1 year. Investors should keep an eye on this Small-Cap stock.

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