Annu Projects Share Price & Stock Analysis

Quick Answers

What is the Annu Projects share price today? Annu Projects is currently listed and trading. Check our charts for the latest listing performance.

Is Annu Projects a good stock to buy? Review our AI forensic scores and fundamental analysis for Annu Projects to understand the underlying financial health.

Key Stock Information

ViewIPO AI Analysis Score

The Annu Projects Stock scored 57/100 (High Risk) in our deep analysis.

Frequently Asked Questions

What is the primary business of Annu Projects Limited?

Annu Projects Limited is an Engineering, Procurement, and Construction (EPC) company focused on utility infrastructure, including telecom network infrastructure, sewerage systems, MDPE gas pipelines, and railway signalling projects.

What are the key subscription dates for the Annu Projects IPO?

The IPO opens on August 25, 2026, and closes on August 28, 2026. The allotment date is set for August 31, 2026, with tentative listing on September 2, 2026.

What is the total issue size and price band of the IPO?

The total issue size is ₹175.06 crore, with an equity price band of ₹94 to ₹99 per share and a minimum lot size of 151 shares.

How large is Annu Projects' order book?

As of June 30, 2026, Annu Projects possessed an order book of ₹1,005.05 crore across 23 ongoing projects, with telecom infrastructure representing 82.91% of the total.

What are the major financial risks noted for Annu Projects Limited?

Key financial risks include negative operating cash flows in FY25 (-₹35.38 Cr) and FY26 (-₹0.25 Cr), a long trade receivable cycle of 237 days, high client concentration (top 10 clients generate 97.96% revenue), and contingent liabilities of ₹100.87 crore.

Who are the key executives leading Annu Projects Limited?

Annu Projects Limited was founded in 2003 and is led by Mr. Sanjay Kumar Sarraf, who serves as Managing Director and CEO.

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Annu ProjectsNSE / BSE:

Analyzed by ViewIPO Financial Research Team
EPC & InfrastructureIndiaFiled 2026-08-25Listed 2026-09-02Size ₹175.13Cr
Lot Size 151
Listing Price ₹92
Listing Return
₹-7.00 (-7.07%)
Live Subscription
2.93x Total
Check Allotment
Status Link

Is Annu Projects a Good Stock? Quick Verdict

Annu Projects IPO scored 57/100 (High Risk) in our deep analysis. The strongest pillar is Financial at 72/100, while Competition is the primary concern at 35/100. Annu Projects Limited exhibits strong revenue growth and a substantial order book of ₹1,005.05 crore, but faces significant cash flow pressures and working capital risks due to stretched trade receivables.

Stock Score
57/100
High Risk

Quick Verdict

Strong revenue and profit expansion, with FY26 revenue reaching ₹241.25 crore and PAT rising to ₹33.03 crore.
Robust order book of ₹1,005.05 crore as of June 30, 2026, offering multi-year revenue visibility.
Extreme client concentration, with top 10 customers driving 97.96% of FY26 revenue.
Negative operating cash flows in FY25 (-₹35.38 Cr) and FY26 (-₹0.25 Cr) due to prolonged receivable collection cycles.

Company Snapshot

Revenue (TTM)
₹241.25Cr↑ 33.98% YoY
Profitability
PositiveNet Income ₹33.03Cr
Gross Margin
— 
Market Cap
—Pending Data
Issue Size
₹175.13Cr 
Industry
EPC & Infrastructure 
P/E Ratio
—Pending Data
Debt to Equity
0.94xLeverage

Risk Breakdown

Governance
60
Moderate
Financial
72
Moderate
Valuation
50
Expensive
Competition
35
High Risk
Dilution
60
Moderate
Promoter / Mgmt
60
Moderate

AI Summary

Annu Projects Limited is an India-based EPC company engaged in designing, developing, and maintaining overhead and underground utility infrastructure across telecom, sewerage, gas pipeline, and railway signalling sectors. The company reported steady growth in top-line revenue from ₹153.98 crore in FY24 to ₹241.25 crore in FY26, alongside a rise in net profit to ₹33.03 crore. However, Annu Projects Limited is constrained by severe trade receivable delays, with receivable days escalating to 237 days in FY26, resulting in negative operating cash flows in FY25 and FY26.

Overall Verdict: Annu Projects Limited exhibits strong revenue growth and a substantial order book of ₹1,005.05 crore, but faces significant cash flow pressures and working capital risks due to stretched trade receivables.

Key Highlights

  • •Operates across four core business verticals: telecom infrastructure, sewerage infrastructure, gas pipelines, and railway signalling.
  • •Completed 362 projects with 23 ongoing projects across multiple Indian states as of June 30, 2026.
  • •Maintains an order book of ₹1,005.05 crore as of June 30, 2026, dominated by telecom infrastructure (82.91%).
  • •Selected as L1 bidder for BharatNet Phase III Package 16 in Kerala through a consortium with an estimated scope of ₹918.55 crore.
  • •Owns a fleet of 558 plant and machinery units, enabling in-house project execution.
  • •Trade receivable collection days stretched from 138 days in FY24 to 237 days in FY26.

Financial Performance

Revenue (Annual)

↑ +34.0% YoY

INR in Crores

Net Income (Annual)

↑ +56.5% YoY

INR in Crores

Cash Flow vs Profit

↑ +99.3% YoY

INR in Crores

CF
NP

EBITDA vs PAT

EBITDA YoY

INR in Crores

EBITDA
PAT

Listing Timeline

IPO Opens2026-08-25
IPO Closes2026-08-28
Basis of Allotment2026-08-31
Refunds & Demat2026-08-30
Listing Date2026-09-02

Valuation Analysis

Issue Price₹99
Estimated Fair Value
Pending Data
Valuation Premium
Pending
vs Fair Value

Stock DNA

Growth
54
Governance
60
Profitability
72
Valuation
50
Competition
35
Execution
60

Pros vs Cons

Pros

  • Proven track record having executed 362 infrastructure projects over 21 fiscal years.
  • Substantial order book of ₹1,005.05 crore offering long-term revenue visibility.
  • Consistently increasing revenue and profitability from FY24 through FY26.
  • Extensive owned machinery fleet of 558 units reducing dependence on third-party equipment rentals.

Cons

  • High concentration risk with top 10 customers providing 97.96% of total revenue in FY26.
  • Negative cash flows from operating activities in FY25 (-₹35.38 Cr) and FY26 (-₹0.25 Cr).
  • Stretched trade receivables cycle reaching 237 days in FY26, locking up capital.
  • Heavy dependence on government clients (57.09% of FY26 revenue) exposing operations to payment and policy delays.

Financial Health

Revenue Growth
33.98% YoY in FY26 (Excellent)
Debt Level
Total borrowings of ₹145.57 crore as of June 30, 2026 (Moderate)
Cash & Equivalents
Negative operating cash flow of ₹0.25 Cr in FY26 (Weak)

Institutional Signals

Anchor Investors
Undisclosed
VC Backing Tier
None
Strategic Partners
Consortium Partnership with G R Infraprojects Ltd & SRIT India Pvt Ltd

Annu Projects IPO Reddit Pulse & Sentiment

Real-time Reddit discussions & retail sentiment

No Public Data Available

We couldn't find any significant public discussions or retail sentiment threads for this IPO at the moment.

Disclaimer: These are raw community discussions aggregated from public forums. The AI summary and Reddit comments do not constitute financial advice. Always conduct your own independent research.

Annu Projects Stock — Frequently Asked Questions

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Market Terminology Explained

Confused by terms like GMP, Kostak, or Subject to Sauda? Read our detailed guides in the IPO Glossary to understand the terminology before you invest.

Grey Market Premium (GMP)Subject to SaudaASBAOffer for Sale (OFS)
View Full Glossary

Source Citation: All financial data and risk metrics are derived from the official prospectus filed with the regulator (SEBI DRHP/RHP). ViewIPO algorithms process this public data for informational purposes. Not financial advice.

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Frequently Asked Questions about Annu Projects

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