Apar Industries Ltd
APARINDS NSE
Apar Industries Ltd
IndustrialsNSE: APARINDS BSE: 532259 Electrical Equipment
Key Fundamentals
MidcapOther Electrical EquipmentCapital GoodsMarket Cap
₹55,087 Cr
Volatility
Moderate
P/E Ratio
57.03
EBITDA
₹1,752 Cr
Return on Equity
21.29%
Debt to Equity
0.13
Book Value
₹1,342.5
EPS
₹206.69
52W High
₹14,080
52W Low
₹6,801
Technical Indicators
Key Insights
Weaknesses
2- Stock is trading at 10.2 times its book value
- Company's cost of borrowing seems high
Growth Rate
Revenue Growth
22.11% ↗
Net Income Growth
18.68% ↘
Cash Flow Change
555.56% ↗
ROE
-14.33% ↘
ROCE
-11.50% ↘
EBITDA Margin (Avg.)
-13.15% ↘
Quarterly Results
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 4,084 | 3,767 | 3,925 | 4,009 | 4,455 | 4,011 | 4,645 | 4,716 | 5,210 | 5,104 | 5,715 | 5,480 | 6,603 |
| Expenses | 3,660 | 3,421 | 3,576 | 3,604 | 4,028 | 3,634 | 4,288 | 4,360 | 4,755 | 4,652 | 5,250 | 5,028 | 6,107 |
| Operating Profit | 424 | 346 | 349 | 405 | 427 | 377 | 357 | 356 | 455 | 452 | 465 | 452 | 496 |
| OPM % | 10% | 9% | 9% | 10% | 10% | 9% | 8% | 8% | 9% | 9% | 8% | 8% | 8% |
| Other Income | 11 | 14 | 19 | 21 | 27 | 15 | 33 | 34 | 20 | 25 | 23 | -17 | 12 |
| Interest | 79 | 70 | 103 | 113 | 101 | 90 | 101 | 118 | 100 | 86 | 108 | 106 | 137 |
| Depreciation | 27 | 27 | 28 | 29 | 31 | 31 | 32 | 33 | 36 | 38 | 40 | 41 | 42 |
| PBT | 328 | 263 | 237 | 284 | 322 | 270 | 257 | 238 | 340 | 353 | 341 | 288 | 329 |
| Tax % | 26% | 25% | 27% | 23% | 27% | 25% | 24% | 27% | 26% | 25% | 26% | 27% | 23% |
| Net Profit | 243 | 197 | 174 | 218 | 236 | 203 | 194 | 175 | 250 | 263 | 252 | 209 | 253 |
| EPS in Rs | 63.43 | 51.59 | 45.44 | 54.16 | 58.81 | 50.42 | 48.27 | 43.55 | 62.24 | 65.45 | 62.66 | 52.01 | 63.09 |
Profit & Loss
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 5,108 | 5,078 | 4,832 | 5,818 | 7,964 | 7,425 | 6,388 | 9,317 | 14,336 | 16,153 | 18,581 | 22,902 |
| Expenses | 4,843 | 4,698 | 4,398 | 5,393 | 7,472 | 6,930 | 5,948 | 8,739 | 13,069 | 14,585 | 16,999 | 21,026 |
| Operating Profit | 264 | 380 | 434 | 426 | 491 | 495 | 440 | 578 | 1,267 | 1,568 | 1,582 | 1,876 |
| OPM % | 5% | 7% | 9% | 7% | 6% | 7% | 7% | 6% | 9% | 10% | 9% | 8% |
| Other Income | 1 | 10 | 15 | 11 | 15 | 15 | 19 | 33 | 36 | 86 | 99 | 32 |
| Interest | 162 | 175 | 131 | 158 | 223 | 254 | 157 | 171 | 344 | 432 | 443 | 437 |
| Depreciation | 31 | 38 | 45 | 56 | 67 | 87 | 93 | 98 | 104 | 116 | 132 | 161 |
| PBT | 72 | 178 | 273 | 223 | 216 | 169 | 208 | 342 | 855 | 1,106 | 1,106 | 1,310 |
| Tax % | 32% | 32% | 36% | 35% | 37% | 20% | 23% | 25% | 25% | 25% | 26% | 25% |
| Net Profit | 49 | 122 | 177 | 145 | 136 | 135 | 160 | 257 | 638 | 825 | 821 | 977 |
| EPS in Rs | 12.86 | 31.61 | 46.14 | 37.82 | 35.55 | 35.32 | 41.94 | 67.09 | 167 | 205 | 204 | 243 |
| Div. Payout % | 27% | 21% | 22% | 25% | 27% | 27% | 23% | 22% | 24% | 25% | 25% | 0% |
Balance Sheet
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 38 | 38 | 38 | 38 | 38 | 38 | 38 | 38 | 38 | 40 | 40 | 40 |
| Reserves | 691 | 815 | 998 | 1,070 | 1,164 | 1,128 | 1,361 | 1,677 | 2,198 | 3,836 | 4,463 | 5,353 |
| Borrowings | 494 | 384 | 305 | 363 | 253 | 372 | 325 | 359 | 376 | 476 | 585 | 956 |
| Other Liabilities | 1,732 | 1,680 | 2,107 | 2,805 | 3,501 | 3,116 | 3,275 | 4,533 | 5,605 | 5,264 | 6,175 | 7,362 |
| Total Liabilities | 2,956 | 2,919 | 3,448 | 4,276 | 4,957 | 4,654 | 4,999 | 6,608 | 8,218 | 9,616 | 11,264 | 13,711 |
| Fixed Assets | 395 | 398 | 574 | 649 | 709 | 885 | 878 | 881 | 950 | 1,193 | 1,540 | 1,717 |
| CWIP | 10 | 56 | 28 | 20 | 103 | 55 | 29 | 38 | 99 | 122 | 130 | 539 |
| Investments | 5 | 112 | 119 | 0 | 187 | 0 | 60 | 31 | 54 | 11 | 219 | 59 |
| Other Assets | 2,546 | 2,352 | 2,728 | 3,608 | 3,958 | 3,714 | 4,032 | 5,657 | 7,114 | 8,290 | 9,373 | 11,396 |
| Total Assets | 2,956 | 2,919 | 3,448 | 4,276 | 4,957 | 4,654 | 4,999 | 6,608 | 8,218 | 9,616 | 11,264 | 13,711 |
Cash Flow
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | 298 | 412 | 312 | 225 | 632 | 94 | 281 | 244 | 698 | -283 | 1,291 | 968 |
| Investing | -59 | -223 | -166 | -5 | -388 | 45 | -115 | -91 | -267 | -267 | -705 | -558 |
| Financing | -369 | -153 | -157 | -69 | -293 | -189 | -123 | -106 | -186 | 635 | -483 | -434 |
| Net Cash Flow | -130 | 36 | -11 | 151 | -49 | -49 | 43 | 46 | 246 | 85 | 102 | -24 |
| Free Cash Flow | 243 | 289 | 146 | 97 | 424 | -50 | 226 | 114 | 452 | -613 | 784 | 235 |
| CFO/OP | 120 | 108 | 95 | 67 | 143 | 35 | 74 | 58 | 72 | -2 | 99 | 71 |
Ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 91 | 78 | 95 | 109 | 98 | 93 | 106 | 99 | 81 | 89 | 80 | 85 |
| Inventory Days | 84 | 72 | 102 | 98 | 74 | 85 | 119 | 108 | 85 | 83 | 82 | 84 |
| Days Payable | 141 | 130 | 181 | 207 | 188 | 182 | 231 | 207 | 172 | 140 | 137 | 138 |
| Cash Conversion Cycle | 34 | 20 | 15 | 0 | -16 | -4 | -6 | 1 | -5 | 32 | 25 | 30 |
| Working Capital Days | 22 | 5 | 22 | 21 | 6 | 13 | 25 | 27 | 18 | 50 | 39 | 44 |
| ROCE % | 17% | 28% | 31% | 27% | 30% | 28% | 22% | 27% | 51% | 44% | 33% | 31% |
Documents
1
Announcement under Regulation 30 (LODR)-Newspaper Publication
1 May - From time to time - Newspaper Publication for publicizing Special Window for Re-lodgement of Transfer Requests of Physical Shares. 1 May - From time to time - Newspaper Publication for publicizing Special Window for Re-lodgement of Transfer Requests of Physical Shares.
2
Announcement under Regulation 30 (LODR)-Newspaper Publication
1 May - Newspaper Publication for publicizing Special Window for Re-lodgement of Transfer Requests of Physical Shares. 1 May - Newspaper Publication for publicizing Special Window for Re-lodgement of Transfer Requests of Physical Shares.
3
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
7 May - APAR Industries will host Q4-FY26 results conference call on May 28, 2026 at 3:30 PM IST. 7 May - APAR Industries will host Q4-FY26 results conference call on May 28, 2026 at 3:30 PM IST.
4
Board Meeting Intimation for Approval Of Annual Audited Financial Statements (Standalone And Consolidated) For The Financial Year Ended March 31, 2026 (2025-26) And Approval Of Audited Financial Results For The Fourth Quarter And Financial Year Ended 31.03.2026.
28 Apr - Board meets May 28, 2026 to approve FY26 audited results, statements and consider dividend. 28 Apr - Board meets May 28, 2026 to approve FY26 audited results, statements and consider dividend.
5
Announcement under Regulation 30 (LODR)-Newspaper Publication
24 Apr - Newspaper advertisement regarding "Second 100 days Campaign - Saksham Niveshak" 24 Apr - Newspaper advertisement regarding "Second 100 days Campaign - Saksham Niveshak"
5
Audited Financial Results For The Fourth Quarter And Financial Year Ended March 31 2026. 28 May 2026
Outcome
Frequently Asked Questions about Apar Industries Ltd
What does Apar Industries Ltd do?
Apar, founded by Mr. Dharmsinh D. Desai in 1958, is a market leader in India with a global presence. Contributing to India’s process of electrification it started from manufacturing power transmission cables to having three broad business segments, which are Conductors, Transformer and specialty ...
Where is Apar Industries Ltd (APARINDS) listed?
Apar Industries Ltd is listed on the Indian stock exchanges. It is listed on NSE: APARINDS and BSE: 532259. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Apar Industries Ltd belong to?
Apar Industries Ltd operates in the Industrials sector within the Electrical Equipment industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Apar Industries Ltd?
Apar Industries Ltd has a market capitalisation of approximately ₹55086.83 Cr. Based on this, it is classified as a Large Cap stock.
What is the PE ratio of Apar Industries Ltd?
The Price-to-Earnings (PE) ratio of Apar Industries Ltd is 57.03. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of Apar Industries Ltd?
Over the past 52 weeks, Apar Industries Ltd has traded between a low of ₹6,801 and a high of ₹14,080. This range helps investors understand the stock's price volatility and recent trading levels.
Does Apar Industries Ltd pay dividends?
Yes, Apar Industries Ltd has a dividend yield of 0.37%. Dividend yield indicates the annual dividend income relative to the share price. A consistent dividend history can signal financial stability.
What is the Return on Equity (ROE) of Apar Industries Ltd?
Apar Industries Ltd has a Return on Equity (ROE) of 21.29%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Apar Industries Ltd on Tapetide?
On Tapetide, you can view Apar Industries Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.
Company Information
Apar, founded by Mr. Dharmsinh D. Desai in 1958, is a market leader in India with a global presence. Contributing to India’s process of electrification it started from manufacturing power transmission cables to having three broad business segments, which are Conductors, Transformer and specialty oils (TSO), and Power/telecom Cables. [1] [2]
Website apar.com
CEO Mr. Kushal Narendra Desai
Employees 2,155
Listed 2004-07-12
Face Value ₹ 10
Issued Size 4,01,68,315