The Anup Engineering Ltd — Interim / Quarterly Report 2022

Oct 26, 2021

Department of Corporate Services

26th October 2021

BSE Limited,

To,

To, Listing Department National Stock Exchange of India Limited, Exchange Plaza, 5th Floor Plot No. C/1, G. Block BandraͲKurla Complex, Bandra (E), MumbaiͲ400 051

Security Code: 542460 Security ID: ANUP

P. J. Towers, Dalal Street, MumbaiͲ400 001

Symbol: ANUP

Dear Sir/Madam,

Sub.: Unaudited standalone and consolidated financial results of the Company for the quarter and half year ended on 30th September 2021 and outcome of the Board Meeting held on 26th October 2021

We hereby inform you that the Board of Directors of the Company at its meeting held today, inter alia, approved unaudited standalone and consolidated financial results of the company for the quarter and half year ended on 30th September 2021.

Pursuant to Regulation 30 and 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we enclose the following:

• 1. The unaudited standalone and consolidated financial results of the Company for the quarter and half year ended on 30th September 2021 along with Limited Review Reports thereon issued by M/s. Sorab S. Engineers & Co., Chartered Accountants, Statutory Auditors of the Company;
• 1. A copy of the Press Release; and
• 1. Investor Presentation.

The above documents will also be uploaded on company's website.

The Board meeting commenced today at 02:45 p.m. and was concluded at 03:40 p.m. (IST).

You are requested to take the above on your records and bring this to the Notice of all concerned.

Thanking you,

Yours faithfully, For, The Anup Engineering Limited Chintankumar Patel CHINTANKUMAR MAHENDRABHAI PATEL Digitally signed by CHINTANKUMAR MAHENDRABHAI PATEL Date: 2021.10.26 15:41:40 +05'30'

Company Secretary

Encl.: As above

THE ANUP ENGINEERING LIMITED CIN: L29306GJ2017PLC099085

Behind 66 KV Elec. Sub Station, Odhav Road, Ahmedabad-382 415, Gujarat, India. F: +91 79 2287 0642 T: +91 79 2287 2823, 2287 0622 E: anup@anupengg.com

The Anup Engineering Limited

Investor Presentation Q2 FY22 26th October 2021

Certain statements contained in this document may be statements of future expectations and other forward looking statements that are based on management's current view and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. None of The Anup Engineering Limited or any of its affiliates, advisors or representatives shall have any liability whatsoever (in negligence or otherwise) for any loss howsoever arising from any use of this document or its content or otherwise arising in connection with this document. This document does not constitute an offer or invitation to purchase or subscribe for any shares and neither it nor any part of it shall form the basis of or be relied upon in connection with any contract or commitment whatsoever.

Introduction

Operational Review

Financial Statement Review

Contents

Introduction

Operational Review

Financial Statement Review

Heat Exchangers Columns / Towers Reactors

• Shell and Tube; Helical Baffle
• Critical waste heat, RG boilers
• Steam surface condensers

• High Thickness Pressure Vessels (upto 160mm)
• Clad Pressure Vessels

• Packed Column

• Tray Column

Dished Ends, Expansion Bellows Pressure Vessels Centrifuge

• Spinning, Point Press and Hot Forming

• High Thickness Pressure Vessels (upto 160mm)
• Clad Pressure Vessels

• For starch and chemical industries
• Sizes upto 1600mm diameter

cB

Catering to Wide Spectrum of Industries

cB

Global Footprint

• India

• Middle East, South East Asia
• CIS Countries
• Americas (including USA)
• South Africa , Nigeria,
  • Algeria

Historical Trend

* Excluding Trading Revenue & Profit in FY19

Shareholding Structure

	Share price –Performance NSE	Marketdata(NSE)	As on 30thSeptember 2021
		No.ofSharesOutstanding(Cr)	0.98
		FaceValue(₹)	10.0
		Price(₹)	958.6
		52weekHigh/Low(₹)	HighPrice -1111.9 (15-09-21)
			LowPrice –537.0 (04-11-20)
0		MarketCapitalization(₹Cr)	947.2

Shareholding % As on 30thSeptember 2021	Key Institutional Investors as on 30th September 2021	Holding
Public/OthersPromoters and Promoters group	ABAKKUSEMERGINGOPPORTUNITIESFUND-1	5.79%
38.57%43.04%	HDFCTRUSTEECOLTDA/CHDFCRETIREMENTSAVINGS	2.60%
4.37%	FUND-EQUITYPLAN
Mutual Funds3.46%	THENEWINDIAASSURANCECOMPANYLIMITED	2.64%
	HABROKINDIAMASTERLP	1.72%

Introduction

Operational Review

Financial Statement Review

Q2 and H1 FY22 Executive summary | Continuing the momentum c8

							Remarks
	Q2			H1
	FY21	FY22	%	FY21	FY22	%
Revenues	86.8	89.1	3%	116.9	141.1	21%	Continuing good excution throughout the H1
EBITDA	18.2	22.7	25%	26.5	35.2	33%	EBIDTA margin at 25% despite increasing inputcost
PAT	11.7	15.7	35%	16.9	23.6	40%
Free Cash Flow	13.9	18.6	34%	21.4	29.4	38%	Fixed Deposit Balance of Rs 56.5 Cr

• Strong order pipeline of Rs 299 Cr as on Q2 end to provide good execution visibility. Also since 1 st Oct till date we have booked further orders worth Rs 26 Cr.

	Rs Cr
Domestic	125.2	89%
Export	15.9	11%
ITotal	141.1

Geographical Bifurcation Product Wise Bifurcation

Geographical Bifurcation			Product Wise Bifurcation
	Rs Cr	%		Rs Cr	%
Domestic	125.2	89%	Heat Exchanger	88.0	63%
Export	15.9	11%	Vessels	42.8	30%
Total141.1		Others	10.3	7%
			Total	141.1

Key indicators | FY21 Vs FY22

c8

Order Book Review as on Date Row Labels Rs Cr % Row Labels Rs Cr %

Row Labels	Rs Cr	%	Row Labels	Rs Cr	%
Heat Exchanger	220.5	74%	Refinery	224.9	75%
Vessels	48.4	16%	Paper	35.8	12%
Tower & Reactor	27.8	9%	Hydrogen	26.4	9%
Centrifuge	1.8	1%	Power	4.7	2%
Grand Total	298.5		Chemical	3.6	1%
			Mining	1.6	1%

Mining	1.6	1%
Fertilizer	1.5	0%
Grand Total	298.5	100%

• Strong overall Order book pipeline with industry diversification
• Since 1st Oct till date we have booked further orders worth Rs 26 Cr.

Order Book Trend

Export Order book improving at 30% of the total order book 16

Introduction

Operational Review

Financial Statement Review

Q2 & H1 | FY21 V/s FY22 Profitability

		Q2 FY21	Q2 FY22			H1 FY21		H1 FY22
	Rs Cr	%	Rs Cr	%	Rs Cr	%	Rs Cr	%
Revenue from Operations	86.8		89.1		116.9		141.1
Raw Material Consumed	40.7	47%	42.7	48%	53.5	46%	69.5	49%
(Increase) / Decrease in Stock	11.9	14%	-1.4	-2%	11.8	10%	-2.8	-2%
Employees' Emoluments	5.3	6%	7.0	8%	8.4	7%	11.2	8%
Others Expenses	10.7	12%	18.1	20%	16.6	14%	28.0	20%
Operating Expense	68.5	79%	66.4	75%	90.4	77%	105.9	75%
EBIDTA	18.2	21%	22.7	25%	26.5	23%	35.2	25%
Other Income	0.8	1%	0.6	1%	1.6	1%	1.0	1%
Interest & Finance Cost	0.2	0%	0.0	0%	0.3	0%	0.2	0%
Cash Accruals	18.8	22%	23.2	26%	27.8	24%	35.9	25%
Depreciation	2.3	3%	2.9	3%	4.5	4%	5.8	4%
Profit Before Taxes	16.5	19%	20.3	23%	23.3	20%	30.2	21%
Tax Expense	4.8	6%	4.6	5%	6.4	6%	6.5	5%
Profit After Tax	11.7	13%	15.7	18%	16.9	14%	23.6	17%

Top Line higher by 21% and EBIDTA up by 33% compared to H1 FY21

H1 | Balance Sheet Review

Rs Cr	Mar-21	Sep-21
Share Capital	9.8	9.9
Other Equity	327.3	344.9
Net Worth	337.1	354.8
Non Current Liabilities	12.6	11.9
Current Liabilities	81.0	90.6
Total (A)	430.7	457.3
Net Fix. Assets and CWIP	189.6	188.2
Intangible Assets	23.7	22.0
Other Non-Current Asset	1.2	1.2
Total Non Current Assets	214.5	211.3
Current Assets	216.2	246.0
Total (B)	430.7	457.3

• Strong liquidity with FD of Rs 56.5 Cr as on Sept-21 against Rs 20.5 Cr in Mar-21

Introduction

Operational Review

Financial Statement Review

• Order Book as well as enquiry pipeline continues to remain strong & encouraging.
• Impact of COVID-19 is behind us, we are poised for better execution in 2 nd Half year.
• Ongoing Capex for development of Clean room Shed at Odhav is delayed due to cascading COVID impact. Likely to be completed by Q3 end.
• We have started the construction work at Kheda in the wholly owned subsidiary (Anup Heavy Engineering Ltd) from Sept-21.

New H7 Bay

THANK YOU

Engineering Infinite possibilities

The Anup Engineering Limited Behind 66 KV Electric Sub station, Odhav Road, Ahmedabad – 382415, Gujarat India T: +91 79 22872823, 2287 0622 Website: www.anupengg.com