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ANUP Diversified 15 May 2026

The Anup Engineering Limited — Q4 FY26

Anup Engineering reported FY26 consolidated revenue of ₹822.3 crore and EBITDA of ₹174.2 crore, with an EBITDA margin of 21.2%.

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Revenue ₹208 Cr
EBITDA ₹174 Cr
PAT ₹27 Cr
EBITDA Margin 18%
Duration 48 min
Read Time 1 min read

✓ Verified against BSE filing

Risk Intelligence

Material risks this quarter

Concise cards keep the risk register scannable while preserving evidence-level context in the underlying quarter data.

Risks

R

Elevated raw material costs impacting margins

High input costs, especially steel, are pressuring margins on fixed-price contracts. Management is delaying material procurement for ~₹200 crore of orders, hoping for cost normalization.

high · management_commentary
R

Supply chain and shipping disruptions

Closure of sea routes and shipping challenges are causing delays in raw material arrivals and increasing logistics costs for outbound deliveries.

medium · management_commentary
R

Lack of price variation clauses in contracts

Customers are unwilling to include price variation clauses, leaving Anup exposed to cost overruns. Management acknowledged this in response to an analyst question.

high · analyst_question
R

Execution delays due to prolonged site projects

Some site projects at Mabel took longer than expected due to technical changes, impacting revenue. Management expects this to be resolved in Q1 FY27.

low · management_commentary