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The Anup Engineering:
The co makes heat exchangers, columns and reactors which are used in Petroleum, chemical and aerospace industries etc.
Exports :19%
Domestic : 81%
The co makes heat exchangers, columns and reactors which are used in Petroleum, chemical and aerospace industries etc.
Exports :19%
Domestic : 81%
3. Revenue break up:
Heat exchanger :74%
Vessels : 11%
Towers & Reactors : 7%
Others : 7%
Centrifuge : 1%
4. Clients:
Heat exchanger :74%
Vessels : 11%
Towers & Reactors : 7%
Others : 7%
Centrifuge : 1%
4. Clients:
Q4FY23 Results:
5. Revenue up 41.2% YOY and up26% QOQ
6. PAT down 40% YOY and up 40% QOQ.
7. PAT is down YOY because in last Q4, Provision of tax was reversed by INR 15.57 Crore which led to higher PAT in last Q4 and Last FY
5. Revenue up 41.2% YOY and up26% QOQ
6. PAT down 40% YOY and up 40% QOQ.
7. PAT is down YOY because in last Q4, Provision of tax was reversed by INR 15.57 Crore which led to higher PAT in last Q4 and Last FY
Excluding Tax reversal, PAT for this year stands at 51.43 crores against 46.49
8. Clean BS. No irregularities
Con call highlights:
9. Co has bagged new orders of Rs 500 Cr in FY23. All the orders are executable by FY25.
10. Heat exchanger still remains dominant at about 74%
8. Clean BS. No irregularities
Con call highlights:
9. Co has bagged new orders of Rs 500 Cr in FY23. All the orders are executable by FY25.
10. Heat exchanger still remains dominant at about 74%
11. How will FY24 be?
12. Co expects to grow at 25-30%, maintaining annual EBITDA of 22%.
13. Export contribution to be 30%. Current it is 19%.
12. Co expects to grow at 25-30%, maintaining annual EBITDA of 22%.
13. Export contribution to be 30%. Current it is 19%.
14. The Capex at Kheda plant is completed. Trial production is happening. Will commence from August 2023.
15. The Kheda plant will contribute 60 Cr in revenue by first year and around 160 Cr by second year.
15. The Kheda plant will contribute 60 Cr in revenue by first year and around 160 Cr by second year.
16. Oil, gas and petrochemical are the dominant industries for them
17. Currently chemical sector is contributing 11%.
18. The projects have long gestation period ranging from 10 -14 months. Hence, the WC will be high. WC days has reduced to 145 from 152 days.
17. Currently chemical sector is contributing 11%.
18. The projects have long gestation period ranging from 10 -14 months. Hence, the WC will be high. WC days has reduced to 145 from 152 days.
19. There were few projects from last year which is delayed to coming Q1 nd Q2 due to customers. These projects have high impact of RM cost and Low ebitda. So margins will be bit subdued.
20. none of the new projects have high RM impact and and are not in Low EBITDA profile.
20. none of the new projects have high RM impact and and are not in Low EBITDA profile.
21. The co aims to take the export book to 40% in next 3 years.
22. Reason for increase in other income:
23. There is huge tailwind and investments happening acros public and private segments which is pushing the demand.
22. Reason for increase in other income:
23. There is huge tailwind and investments happening acros public and private segments which is pushing the demand.
24. Overall, the management is very bullish and confident that it can achieve 25-30% CAGR and maintain 22% EBITDA. They have re iterated this over and over again.
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