ICICI Direct's research report on The Anup Engineering
Anup Engineering is one of the leading process equipment manufacturers with special focus on heat exchangers. The company has a facility in Odhav, Gujarat and is currently in the process of making a greenfield expansion in Kheda The company aims to achieve a topline target of Rs 1000 crore by 2025
Outlook
We revise our rating from HOLD to BUY on the stock. We value Anup at Rs 1265 i.e. 18x P/E on FY23E EPS.
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