Anup Engineering Reports Consolidated Revenue of ₹822 Cr for FY26; Expands Presence in Energy and Aerospace

Anup Engineering Reports Consolidated Revenue of ₹822 Cr for FY26; Expands Presence in Energy and Aerospace​

The Anup Engineering Limited announced its financial results for the year and quarter ended March 31, 2026. The company, a major manufacturer of static process equipment in India, reported a stable operating performance, achieving its highest consolidated revenue and EBITDA to date.

The company's operational scope covers diverse core sectors including Oil & Gas and Petrochemicals, as well as emerging new-age energy segments like LNG/LPG and Hydrogen, and high-technology fields such as Nuclear and Aerospace.

Consolidated Financial Results (FY26)​

For the fiscal year 2026, Anup Engineering reported consolidated revenue from operations of ₹822 Cr, with an EBITDA of ₹174 Cr and a Profit After Tax (PAT) of ₹110 Cr. These results reflect industry-leading margins despite a challenging geopolitical and macroeconomic environment.

Comparing these figures year-over-year (YoY), the consolidated financial highlights are as follows:

Strategic Expansion and Capacity Growth​

The company strengthened its manufacturing capacity with the commissioning of Phase-2 at its Kheda facility at the end of January 2026. This expansion enhances the plant’s revenue potential to approximately ₹400 - ₹450 crore. With this overall expansion, the company’s total installed capacity has increased to approximately 20,000 MT per annum, equating to an annual revenue potential of about ₹1,200 Cr.

The Anup Engineering Limited is strategically diversifying its product portfolio by venturing into significant energy segments, including the Thermal, Nuclear, and Clean Energy Storage sectors. A first skid-mounted package order was secured for a Middle East project, laying a platform for integrated solutions and future growth.

The product portfolio remained balanced during the quarter, with Heat Exchangers accounting for 54%, Reactors and Vessels for 39%, and Rotary Equipment and Silos for 7%. The sectoral distribution of the company’s product offerings comprises Oil & Gas at 39%, Petrochemicals at 32%, and other sectors at 29%.

Order Book and Future Outlook​

Looking ahead to FY27, the company reported a robust consolidated order book valued at ₹769 crore, which includes Letters of Intent (LOIs) totaling ₹146 crore. This order book demonstrates a desired balance, with domestic orders accounting for 60% and exports contributing 40%, indicating a noticeable uptick in domestic demand.

Furthermore, the company continues to observe an encouraging order inquiry pipeline of ₹1,200 Cr, which provides strong visibility for building the order book across FY27 and FY28. The Anup Engineering Limited plans to strategically scale up its Technical Services business vertical, focusing on improving overall profitability.

Operationally, the Vadodara engineering office is fully operational, supporting engineering design and generating revenue potential in the coming year. Additionally, Anup's Technical services arm has begun executing orders, generating initial traction through approximately 10 POs and establishing a clear roadmap for scale-up, which is recognized as a higher margin and higher ROCE business.

ANUP Stock Price Movement​

On Wednesday, The Anup Engineering Limited shares shed 1.37% of their value, settling at ₹1954. Trading saw 27,574 shares transacted during the session as the stock declined throughout the day.