Aplab Ltd

Aplab Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Aplab Ltd

₹ 104 -3.82%
29 May - close price
aplab.com BSE: 517096
About

Incorporated in 1962, Aplab Ltd manufactures
& markets Professional Electronic Equipment business[1]

Key Points

Business Overview:[1][2]
AL, based in Thane, is a manufacturer of Test & Measurement instruments, primarily focused on producing electrical and electronic equipment. Operating in the Industrial Power Electronics market, it is notably the only Indian manufacturer of rack-mount programmable AC and DC power sources.

Website BSE
  • Market Cap ₹ 238 Cr.
  • Current Price ₹ 104
  • High / Low ₹ 122 / 37.7
  • Stock P/E 94.4
  • Book Value ₹ 7.97
  • Dividend Yield 0.00 %
  • ROCE 14.9 %
  • ROE 16.6 %
  • Face Value ₹ 10.0
Edit ratios

Pros

  • Company has reduced debt.
  • Debtor days have improved from 116 to 53.9 days.

Cons

  • Stock is trading at 13.1 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • The company has delivered a poor sales growth of 1.97% over past five years.
  • Earnings include an other income of Rs.3.34 Cr.
  • Promoter holding has decreased over last 3 years: -15.5%

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Industrials Capital Goods Electrical Equipment Other Electrical Equipment

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

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
18.49 9.11 10.88 11.93 17.61 9.93 13.86 15.94 23.93 15.45 17.35 11.29 14.35
11.27 8.34 9.34 11.19 15.88 9.10 13.26 23.94 25.33 13.71 14.29 11.29 16.17
Operating Profit 7.22 0.77 1.54 0.74 1.73 0.83 0.60 -8.00 -1.40 1.74 3.06 0.00 -1.82
OPM % 39.05% 8.45% 14.15% 6.20% 9.82% 8.36% 4.33% -50.19% -5.85% 11.26% 17.64% 0.00% -12.68%
0.06 0.06 0.06 0.05 -0.03 0.06 1.88 0.46 2.69 0.19 0.08 1.46 1.61
Interest 0.93 0.67 1.35 0.33 1.09 0.67 0.82 0.77 0.95 0.68 0.95 0.30 0.54
Depreciation 0.08 0.14 0.11 0.08 0.12 0.12 0.13 0.10 0.13 0.12 0.11 0.11 0.12
Profit before tax 6.27 0.02 0.14 0.38 0.49 0.10 1.53 -8.41 0.21 1.13 2.08 1.05 -0.87
Tax % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -3,252.38% 24.78% 22.60% 25.71% -16.09%
6.27 0.02 0.14 0.38 0.49 0.10 1.53 -8.41 7.04 0.85 1.61 0.78 -0.72
EPS in Rs 3.14 0.01 0.06 0.17 0.22 0.05 0.69 -3.35 2.80 0.34 0.64 0.31 -0.29
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
74.18 70.89 72.04 61.03 53.19 51.47 53.02 51.36 51.48 49.05 63.67 58.44
76.93 76.44 74.36 65.02 55.68 47.45 47.75 44.42 45.27 44.52 71.64 55.44
Operating Profit -2.75 -5.55 -2.32 -3.99 -2.49 4.02 5.27 6.94 6.21 4.53 -7.97 3.00
OPM % -3.71% -7.83% -3.22% -6.54% -4.68% 7.81% 9.94% 13.51% 12.06% 9.24% -12.52% 5.13%
0.71 0.82 1.55 0.38 18.50 3.42 1.32 -1.08 -1.72 0.24 5.09 3.34
Interest 10.63 11.24 11.21 10.82 8.06 6.21 6.60 5.31 3.84 3.53 3.20 2.48
Depreciation 1.76 1.62 1.56 1.44 1.29 1.02 0.38 0.38 0.45 0.44 0.49 0.46
Profit before tax -14.43 -17.59 -13.54 -15.87 6.66 0.21 -0.39 0.17 0.20 0.80 -6.57 3.40
Tax % 0.00% 0.00% 0.00% 0.00% 18.77% 0.00% 0.00% 0.00% 0.00% 0.00% -103.96% 25.88%
-14.43 -17.59 -13.54 -15.87 5.41 0.21 -0.39 0.17 0.20 0.80 0.26 2.52
EPS in Rs -7.22 -8.80 -6.77 -7.94 2.70 0.10 -0.20 0.08 0.10 0.36 0.10 1.00
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: -2%
5 Years: 2%
3 Years: 4%
TTM: -8%
Compounded Profit Growth
10 Years: 8%
5 Years: 53%
3 Years: 2%
TTM: 869%
Stock Price CAGR
10 Years: 24%
5 Years: 66%
3 Years: 76%
1 Year: 93%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: 17%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

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 5.00 5.00 5.00 5.00 5.00 5.00 5.00 10.00 10.00 11.09 12.57 15.71
Reserves 7.02 -10.57 -23.03 -37.54 -31.64 -31.38 -31.08 -30.76 -29.81 -3.83 -2.19 4.30
72.78 71.71 66.30 70.28 70.20 71.36 71.71 47.62 50.24 28.84 29.93 18.81
42.05 65.49 70.61 68.55 59.67 48.54 43.90 39.54 45.08 35.24 29.65 19.25
Total Liabilities 126.85 131.63 118.88 106.29 103.23 93.52 89.53 66.40 75.51 71.34 69.96 58.07
55.04 53.33 51.61 16.78 4.26 3.70 3.47 6.54 7.37 7.03 6.72 10.08
CWIP 0.00 0.00 0.35 0.82 2.35 3.59 3.88 1.08 0.00 0.49 1.21 0.26
Investments 0.07 0.07 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.03 0.03
71.74 78.23 66.90 88.67 96.60 86.21 82.16 58.76 68.12 63.80 62.00 47.70
Total Assets 126.85 131.63 118.88 106.29 103.23 93.52 89.53 66.40 75.51 71.34 69.96 58.07

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
-3.64 -5.70 4.45 -27.50 2.32 -23.38 -1.02 18.73 -2.89 0.15 1.89 13.56
2.68 0.07 -0.42 -1.57 20.69 31.67 -0.25 -0.38 0.02 0.18 -0.73 -2.49
-1.67 12.05 -7.16 30.06 -23.37 -8.33 0.35 -19.10 2.62 -0.08 0.67 -7.58
Net Cash Flow -2.63 6.43 -3.13 0.99 -0.36 -0.03 -0.92 -0.75 -0.25 0.25 1.82 3.49
Free Cash Flow -3.15 -5.62 4.03 -29.08 22.78 8.08 -1.48 18.16 -3.06 -0.44 0.98 10.69
CFO/OP 132% 103% -192% 689% -93% -582% -19% 270% -47% 3% -24% 242%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

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 90.00 102.77 88.92 36.42 131.89 134.24 104.71 124.51 212.92 169.22 124.51 53.90
Inventory Days 275.19 152.39 102.72 168.84 184.91 301.69 243.23 300.66 544.09 663.21 193.62 279.62
Days Payable 103.01 192.21 18.98 156.27 152.70 164.50 167.18 129.08 194.05 190.71 98.96 31.39
Cash Conversion Cycle 262.18 62.95 172.66 48.99 164.11 271.42 180.76 296.09 562.96 641.72 219.18 302.13
Working Capital Days -170.15 -426.01 -462.58 -255.08 -276.61 -328.98 -320.05 -293.58 -194.91 3.13 -17.26 3.68
ROCE % -4.08% -8.40% -4.91% -11.74% -8.51% 7.41% 13.71% 18.98% 21.64% 14.91% -8.82% 14.86%

Insights

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Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
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Trade Receivables Turnover Ratio
Ratio
Total Employee Headcount
Number
R&D Expenditure (Percentage of Turnover)
%

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Shareholding Pattern

Numbers in percentages

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
63.28% 63.28% 63.28% 63.28% 63.28% 63.28% 67.61% 67.60% 67.60% 43.83% 43.83% 43.83%
0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.01% 0.01% 0.01%
36.70% 36.69% 36.71% 36.69% 36.69% 36.70% 32.37% 32.38% 32.38% 56.16% 56.15% 56.16%
No. of Shareholders 4,3814,5364,5604,8755,1915,1215,4265,4905,8045,6195,4045,367

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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