Net Rises 121%, Rs 20/Share Dividend: Small Cap Industrial Product Gem Zooms 523% In 3-Yrs

Small cap company operating in Industrial Product sector, The Anup Engineering Ltd today declared a stunning jump of 121.01% in its net profit to Rs 43.03 crore for the quarter ended March 2024 as compared to Rs 19.47 crore announced in the corresponding quarter of last year. The Anup Engineering recommended a final dividend of Rs 15 per equity share and one time special dividend of Rs 5 per equity share of the face value of Rs 10 each for the financial year ended March 31, 2024.

Anup Engineering Ltd share offered return of 221% in last 1-year. FII/FPI have increased holdings from 0.75% to 0.86% in March 2024 quarter. Number of FII/FPI investors increased from 127 to 135 in March 2024 quarter. The company also announced 1:1 bonus with ex-bonus date fixed as April 23, 2024. More details below:

Anup Engineering Declares Dividend: As per the regulatory filing of the company dated May 4, 2024, "Recommended final dividend of Rs15/- per equity share and one-time special dividend of Rs 5/- per equity share, totaling to a dividend of Rs 20/- per equity share of face value of Rs 10/- each, for the financial year ended March 31, 2024 subject to the approval of shareholders at the ensuing Annual General Meeting (AGM) of the Company which shall be paid/dispatched to the shareholders within 30 days of declaration. We shall inform you in due course the date on which the Company will hold Annual General Meeting for the year ended 31st March, 2024."

Anup Engineering Q4 Update: The company announced the sales surged 8.84% to Rs 156.92 crore for the quarter ended March 2024 as compared to Rs 144.17 crore during the preceding quarter ended March 2023. For the entire year, net profit rallied 101.21% to Rs 103.48 crore for the quarter under review as against Rs 51.43 crore during the preceding fiscal ended March 2023. Sales surged 33.80% to Rs 550.38 crore for the year ended March 2024 from Rs 411.34 crore announced last year.

The Anup Engineering Ltd Dividend Share History: The Anup Engineering Ltd. announced 5 dividends since July 30, 2019. In last 12 months, it announced an equity dividend amounting to Rs 15.00 per share. At the current share price of Rs 1838.55 per share, Anup Engineering offers dividend yield of 0.41%.

The Anup Engineering Share Performance & Return: The 52-week high price of The Anup Engineering Ltd shares on BSE is Rs 1999.00 per share (as on 23/04/2024) and 52-week low price is Rs 562.70 per share (as on 05/05/2023), respectively. Its market capitalisation is Rs 3658.89 crore. Anup Engineering shares gave eye-popping returns over the years. In last 6-monhts, Anup Engineering shares zoomed 48%, rallied 221% in last 1-year, rose 335% in last 2-years, and soared 523% in last 3-years. The Anup Engineering Ltd stock gained 523% in last 3-years and 704% in last 5-years. The Anup Engineering Ltd has a PE of 22.01, and EPS (TTM) of 22.63.

Acquired 100% Stake Mabel: According to the regulatory filing of the company, "the Company has entered into definitive share purchase agreement on 15th March 2024 to acquire 100% equity shares of Mabel Engineering Private Limited.

Bonus Share History: The Anup Engineering offered 1 bonus since April 23, 2024. The last Bonus that The Anup Engineering Ltd. declared was in the ratio 1:1 with ex-date fixed as April 23, 2024.

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