Apar Industries Ltd

Apar Inds. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Apar Industries Ltd

₹ 7,751 1.24%
23 May 4:01 p.m.
apar.com BSE: 532259 NSE: APARINDS
About

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]

Key Points

Business Segments [1]
1) Conductors (48% in FY25 vs 48% in FY24): It is the world’s largest manufacturer of conductors, offering a full range of conventional and new-generation specialty conductors. It has expanded its product portfolio from traditional conductors to innovative solutions like High Efficiency Conductors & High Temperature Low Sag Conductors, Various types of Aluminium & Aluminium Alloy Rods & Wires, various Copper products such as Busbars, Rods and Strips. [2] [3] It also provides turnkey solutions for the power transmission and distribution (T&D) segment, having completed 165 projects and 45 transmission and distribution lines.[4]

Website BSE NSE
  • Market Cap ₹ 31,089 Cr.
  • Current Price ₹ 7,751
  • High / Low ₹ 11,797 / 4,270
  • Stock P/E 39.2
  • Book Value ₹ 1,068
  • Dividend Yield 0.66 %
  • ROCE 32.7 %
  • ROE 19.9 %
  • Face Value ₹ 10.0
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Pros

  • Company has delivered good profit growth of 41.7% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 25.5%
  • Company has been maintaining a healthy dividend payout of 25.4%

Cons

  • Stock is trading at 7.25 times its book value
  • Company's cost of borrowing seems high

* 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

Sector: Capital Goods - Electrical Equipment Industry: Electric Equipment

Part of BSE 500 Nifty 500 BSE SmallCap BSE Allcap BSE Industrials

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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
2,821 2,827 2,911 3,624 3,806 3,500 3,644 3,742 4,226 3,747 4,316 4,510 4,981
2,661 2,621 2,683 3,306 3,405 3,169 3,294 3,361 3,808 3,389 3,987 4,163 4,535
Operating Profit 160 206 227 318 401 331 350 381 417 357 329 346 446
OPM % 6% 7% 8% 9% 11% 9% 10% 10% 10% 10% 8% 8% 9%
10 6 13 8 12 16 21 23 30 18 35 36 16
Interest 44 59 68 89 74 64 98 108 97 85 95 114 97
Depreciation 22 22 23 23 24 24 25 25 28 28 29 30 33
Profit before tax 104 132 150 214 314 258 248 271 322 262 239 239 332
Tax % 27% 25% 25% 26% 25% 25% 25% 24% 26% 25% 26% 26% 27%
76 98 112 158 235 193 186 206 238 196 178 176 244
EPS in Rs 19.87 25.70 29.17 41.25 61.36 50.53 48.50 51.24 59.36 48.69 44.26 43.83 60.81
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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
4,474 4,998 5,024 4,776 5,516 7,586 7,017 5,961 8,592 13,153 15,109 17,552
4,193 4,745 4,649 4,339 5,104 7,099 6,544 5,565 8,064 11,969 13,590 16,073
Operating Profit 281 253 375 436 412 487 473 395 528 1,183 1,519 1,479
OPM % 6% 5% 7% 9% 7% 6% 7% 7% 6% 9% 10% 8%
5 8 10 15 11 15 22 22 37 41 88 104
Interest 155 162 175 129 152 214 244 148 163 323 405 391
Depreciation 27 31 38 43 50 60 79 85 87 92 103 119
Profit before tax 104 68 173 279 221 228 172 185 316 810 1,099 1,073
Tax % 34% 30% 33% 35% 35% 35% 19% 26% 26% 26% 25% 26%
69 48 116 182 144 147 139 137 234 603 823 794
EPS in Rs 17.88 12.43 30.05 47.64 37.64 38.44 36.32 35.75 61.04 157.48 204.96 197.59
Dividend Payout % 29% 28% 22% 21% 25% 25% 26% 27% 25% 25% 25% 26%
Compounded Sales Growth
10 Years: 13%
5 Years: 20%
3 Years: 27%
TTM: 16%
Compounded Profit Growth
10 Years: 32%
5 Years: 42%
3 Years: 52%
TTM: -3%
Stock Price CAGR
10 Years: 37%
5 Years: 92%
3 Years: 132%
1 Year: -1%
Return on Equity
10 Years: 21%
5 Years: 23%
3 Years: 25%
Last Year: 20%

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 38 38 38 38 38 38 38 38 38 38 40 40
Reserves 568 598 722 910 981 1,087 1,051 1,258 1,547 2,021 3,656 4,252
792 494 361 246 304 194 256 246 293 325 421 540
1,526 1,718 1,656 2,036 2,676 3,364 2,969 3,113 4,278 5,220 4,873 5,940
Total Liabilities 2,925 2,849 2,777 3,230 3,999 4,683 4,314 4,656 6,156 7,605 8,990 10,771
338 373 398 468 544 604 742 733 732 793 1,043 1,403
CWIP 18 9 21 28 19 103 55 29 37 99 122 123
Investments 30 31 110 119 0 187 0 62 32 56 10 216
2,539 2,436 2,249 2,616 3,435 3,789 3,516 3,832 5,355 6,657 7,814 9,030
Total Assets 2,925 2,849 2,777 3,230 3,999 4,683 4,314 4,656 6,156 7,605 8,990 10,771

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
-612 227 401 310 204 630 105 226 218 577 -235 1,238
-12 -47 -173 -110 0 -381 55 -117 -77 -251 -263 -699
-181 -369 -176 -193 -65 -288 -202 -68 -82 -161 650 -457
Net Cash Flow -805 -189 52 7 139 -40 -41 42 59 165 151 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 85 90 78 94 111 100 94 110 103 83 90 82
Inventory Days 103 85 72 97 98 74 86 120 109 89 83 83
Days Payable 142 143 131 177 208 190 184 234 211 175 138 140
Cash Conversion Cycle 47 33 19 14 1 -16 -4 -4 1 -3 35 25
Working Capital Days 62 48 23 35 33 11 18 31 33 25 54 49
ROCE % 17% 18% 31% 35% 29% 33% 31% 23% 28% 53% 46% 33%

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
60.64% 60.64% 60.64% 60.64% 60.64% 60.64% 57.77% 57.77% 57.77% 57.77% 57.77% 57.77%
5.94% 6.30% 6.73% 6.66% 7.47% 9.09% 10.98% 11.55% 11.51% 10.97% 10.22% 9.87%
17.87% 16.76% 17.53% 17.95% 17.97% 17.06% 18.62% 18.90% 19.73% 20.41% 21.24% 20.63%
0.00% 0.01% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
15.56% 16.30% 15.10% 14.75% 13.92% 13.23% 12.63% 11.78% 11.00% 10.85% 10.77% 11.73%
No. of Shareholders 39,68054,21258,21262,72671,66092,40394,35490,96991,4911,00,8211,02,3621,14,553

* 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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