Aplab Ltd

Aplab Ltd

₹ 46.1 -1.98%
04 Jul 10:52 a.m.
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.

  • Market Cap 116 Cr.
  • Current Price 46.1
  • High / Low 65.7 / 28.2
  • Stock P/E 446
  • Book Value 4.13
  • Dividend Yield 0.00 %
  • ROCE -8.82 %
  • ROE 2.95 %
  • Face Value 10.0

Pros

  • Debtor days have improved from 169 to 125 days.
  • Company's working capital requirements have reduced from 161 days to 124 days

Cons

  • Stock is trading at 11.4 times its book value
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 4.35% over past five years.
  • Promoters have pledged or encumbered 29.4% of their holding.

* 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
16.46 10.89 10.56 11.54 18.49 9.11 10.88 11.93 17.61 9.93 13.86 15.94 23.93
10.97 12.12 11.49 10.54 11.27 8.34 9.34 11.19 15.88 9.10 13.26 23.94 25.33
Operating Profit 5.49 -1.23 -0.93 1.00 7.22 0.77 1.54 0.74 1.73 0.83 0.60 -8.00 -1.40
OPM % 33.35% -11.29% -8.81% 8.67% 39.05% 8.45% 14.15% 6.20% 9.82% 8.36% 4.33% -50.19% -5.85%
-1.34 -1.44 0.07 -0.41 0.06 0.06 0.06 0.05 -0.03 0.06 1.88 0.46 2.69
Interest 0.70 0.67 0.66 0.75 0.93 0.67 1.35 0.33 1.09 0.67 0.82 0.77 0.95
Depreciation 0.08 0.12 0.12 0.12 0.08 0.14 0.11 0.08 0.12 0.12 0.13 0.10 0.13
Profit before tax 3.37 -3.46 -1.64 -0.28 6.27 0.02 0.14 0.38 0.49 0.10 1.53 -8.41 0.21
Tax % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -3,252.38%
3.37 -3.46 -1.64 -0.28 6.27 0.02 0.14 0.38 0.49 0.10 1.53 -8.41 7.04
EPS in Rs 1.68 -1.73 -0.82 -0.14 3.14 0.01 0.06 0.17 0.22 0.05 0.69 -3.35 2.80
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
94.86 74.18 70.89 72.04 61.03 53.19 51.47 53.02 51.36 51.48 49.05 63.67
82.20 76.93 76.44 74.36 65.02 55.68 47.45 47.75 44.42 45.27 44.51 71.64
Operating Profit 12.66 -2.75 -5.55 -2.32 -3.99 -2.49 4.02 5.27 6.94 6.21 4.54 -7.97
OPM % 13.35% -3.71% -7.83% -3.22% -6.54% -4.68% 7.81% 9.94% 13.51% 12.06% 9.26% -12.52%
0.93 0.71 0.82 1.55 0.38 18.50 3.42 1.32 -1.08 -1.72 0.15 5.09
Interest 10.22 10.63 11.24 11.21 10.82 8.06 6.21 6.60 5.31 3.84 3.45 3.20
Depreciation 2.78 1.76 1.62 1.56 1.44 1.29 1.02 0.38 0.38 0.45 0.44 0.49
Profit before tax 0.59 -14.43 -17.59 -13.54 -15.87 6.66 0.21 -0.39 0.17 0.20 0.80 -6.57
Tax % 0.00% 0.00% 0.00% 0.00% 0.00% 18.77% 0.00% 0.00% 0.00% 0.00% 0.00% -103.96%
0.59 -14.43 -17.59 -13.54 -15.87 5.41 0.21 -0.39 0.17 0.20 0.80 0.26
EPS in Rs 0.30 -7.22 -8.80 -6.77 -7.94 2.70 0.10 -0.20 0.08 0.10 0.36 0.10
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: 4%
3 Years: 7%
TTM: 30%
Compounded Profit Growth
10 Years: 7%
5 Years: 16%
3 Years: -45%
TTM: -82%
Stock Price CAGR
10 Years: 16%
5 Years: 86%
3 Years: 60%
1 Year: -19%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: 3%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 5.00 5.00 5.00 5.00 5.00 5.00 5.00 5.00 10.00 10.00 11.09 12.57
Reserves 21.84 7.02 -10.57 -23.03 -37.54 -31.64 -31.38 -31.08 -30.76 -29.81 -3.83 -2.20
74.85 72.78 71.71 66.30 70.28 70.20 71.36 71.71 47.62 50.24 28.84 29.94
48.83 42.05 65.49 70.61 68.55 59.67 48.54 43.90 39.54 45.08 35.24 29.65
Total Liabilities 150.52 126.85 131.63 118.88 106.29 103.23 93.52 89.53 66.40 75.51 71.34 69.96
57.68 55.04 53.33 51.61 16.78 4.26 3.70 3.47 6.54 7.37 7.03 6.73
CWIP 0.00 0.00 0.00 0.35 0.82 2.35 3.59 3.88 1.08 0.00 0.49 1.21
Investments 2.26 0.07 0.07 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.03
90.58 71.74 78.23 66.90 88.67 96.60 86.21 82.16 58.76 68.12 63.80 61.99
Total Assets 150.52 126.85 131.63 118.88 106.29 103.23 93.52 89.53 66.40 75.51 71.34 69.96

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
-9.37 -3.64 -5.70 4.45 -27.50 2.32 -23.38 -1.02 18.73 -2.89 -3.38 1.89
0.20 2.68 0.07 -0.42 -1.57 20.69 31.67 -0.25 -0.38 0.02 0.18 -0.73
6.53 -1.67 12.05 -7.16 30.06 -23.37 -8.33 0.35 -19.10 2.62 3.46 0.67
Net Cash Flow -2.64 -2.63 6.43 -3.13 0.99 -0.36 -0.03 -0.92 -0.75 -0.25 0.25 1.82

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 109.66 90.00 102.77 88.92 36.42 131.89 134.24 104.71 124.51 212.92 169.14 124.51
Inventory Days 288.61 275.19 152.39 102.72 168.84 184.91 301.69 243.23 300.66 544.09 663.21 193.62
Days Payable 198.46 103.01 192.21 18.98 156.27 152.70 164.50 167.18 129.08 194.05 190.71 98.96
Cash Conversion Cycle 199.81 262.18 62.95 172.66 48.99 164.11 271.42 180.76 296.09 562.96 641.64 219.18
Working Capital Days 104.54 136.44 -56.89 -126.67 165.25 205.04 177.07 173.62 44.84 161.23 196.38 124.34
ROCE % 11.00% -4.08% -8.40% -4.91% -11.74% -8.51% 7.41% 13.71% 18.98% 21.64% 14.67% -8.82%

Shareholding Pattern

Numbers in percentages

2 Recently
Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
59.29% 59.29% 59.29% 59.29% 63.28% 63.28% 63.28% 63.28% 63.28% 63.28% 67.61% 67.60%
0.00% 1.44% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02%
40.69% 39.25% 40.70% 40.69% 36.70% 36.69% 36.71% 36.69% 36.69% 36.70% 32.37% 32.38%
No. of Shareholders 4,4564,5494,7454,5364,3814,5364,5604,8755,1915,1215,4265,490

* 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.

Click on the line-items to see the names of individual entities.

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