Apar Industries Ltd

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

Apar Industries Ltd

₹ 15,523 -1.21%
03 Nov - close price
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] [2]
a) Conductors (51% in FY26 vs 48% in FY25):[3][4]
The company is the world’s largest aluminium conductor manufacturer and the largest exporter of conductors from India, serving leading utilities and EPC players. Its portfolio includes conventional conductors, HTLS conductors, OPGW, OPPC, railway conductors, busbars, ACS wires, speciality alloy rods, etc. It has a technology tie-up with CTC Global (USA) for ACCC conductors, and was among the pioneers in India to test 765kV, 800kV, and 1200kV conductors. It further expanded its product portfolio in FY25 by launching coated conductors, high-fibre-count OPGW, Cu-Mg catenary wires, Cu-Ag contact wires, and lead connection cables. The company is also a market leader in reconductoring, having completed over 272 projects covering 7,075 ckm+ of transmission lines.

Website BSE NSE
  • Market Cap ₹ 64,996 Cr.
  • Current Price ₹ 15,523
  • High / Low ₹ 19,269 / 6,800
  • Stock P/E 47.3
  • Book Value ₹ 1,972
  • Dividend Yield 0.39 %
  • ROCE 32.9 %
  • ROE 21.2 %
  • Face Value ₹ 10.0
Edit ratios

Pros

  • Company has delivered good profit growth of 49.1% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 25.2%

Cons

  • Stock is trading at 7.87 times its book value
  • Promoter holding has decreased over last quarter: -2.34%
  • 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

Industrials Capital Goods Electrical Equipment Other Electrical Equipment

Part of BSE 500 BSE Capital Goods Nifty 500 Nifty Midcap 100 Nifty 200

Edit Columns
Loading peers table ...

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026 Sep 2026
3,644 3,742 4,226 3,747 4,316 4,510 4,981 4,881 5,463 5,192 6,461 6,477 6,838
3,294 3,361 3,808 3,389 3,987 4,163 4,539 4,443 5,004 4,756 5,971 5,737 6,137
Operating Profit 350 381 417 357 329 346 441 438 459 435 490 741 701
OPM % 10% 10% 10% 10% 8% 8% 9% 9% 8% 8% 8% 11% 10%
21 23 30 18 35 36 20 27 24 -15 14 34 65
Interest 98 108 97 85 95 114 97 83 104 101 134 122 136
Depreciation 25 25 28 28 29 30 33 35 37 37 39 42 43
Profit before tax 248 271 322 262 239 239 332 347 342 282 331 611 587
Tax % 25% 24% 26% 25% 26% 26% 27% 26% 26% 26% 23% 26% 26%
186 206 238 196 178 176 244 258 254 208 255 453 435
EPS in Rs 48.50 51.24 59.36 48.69 44.26 43.83 60.81 64.19 63.20 51.69 63.36 112.77 103.93
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 TTM
4,998 5,024 4,776 5,516 7,586 7,060 5,961 8,592 13,153 15,109 17,552 21,997 24,968
4,745 4,649 4,339 5,104 7,099 6,571 5,565 8,064 11,969 13,590 16,024 20,120 22,600
Operating Profit 253 375 436 412 487 489 395 528 1,183 1,519 1,528 1,877 2,367
OPM % 5% 7% 9% 7% 6% 7% 7% 6% 9% 10% 9% 9% 9%
8 10 15 11 15 5 22 37 41 88 87 30 97
Interest 162 175 129 152 214 244 148 163 323 405 423 457 493
Depreciation 31 38 43 50 60 79 85 87 92 103 119 148 161
Profit before tax 68 173 279 221 228 172 185 316 810 1,099 1,073 1,302 1,810
Tax % 30% 33% 35% 35% 35% 19% 26% 26% 26% 25% 26% 25%
48 116 182 144 147 139 137 234 603 823 794 974 1,350
EPS in Rs 12.43 30.05 47.64 37.64 38.44 36.32 35.75 61.04 157.48 204.96 197.59 242.46 331.75
Dividend Payout % 28% 22% 21% 25% 25% 26% 27% 25% 25% 25% 26% 25%
Compounded Sales Growth
10 Years: 16%
5 Years: 30%
3 Years: 19%
TTM: 26%
Compounded Profit Growth
10 Years: 24%
5 Years: 49%
3 Years: 18%
TTM: 47%
Stock Price CAGR
10 Years: 39%
5 Years: 86%
3 Years: 45%
1 Year: 82%
Return on Equity
10 Years: 21%
5 Years: 23%
3 Years: 22%
Last Year: 21%

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 Sep 2026
Equity Capital 38 38 38 38 38 38 38 38 38 40 40 40 42
Reserves 598 722 910 981 1,087 1,051 1,258 1,547 2,021 3,656 4,252 5,122 8,217
494 361 246 304 194 256 246 293 325 421 540 909 935
1,718 1,656 2,036 2,676 3,364 2,969 3,113 4,278 5,220 4,873 5,940 7,159 6,714
Total Liabilities 2,849 2,777 3,230 3,999 4,683 4,314 4,656 6,156 7,605 8,990 10,771 13,230 15,908
373 398 468 544 604 742 733 732 793 1,043 1,401 1,573 1,628
CWIP 9 21 28 19 103 55 29 37 99 122 125 513 900
Investments 31 110 119 0 187 0 62 32 56 10 216 54 348
2,436 2,249 2,616 3,435 3,789 3,516 3,832 5,355 6,657 7,814 9,030 11,089 13,032
Total Assets 2,849 2,777 3,230 3,999 4,683 4,314 4,656 6,156 7,605 8,990 10,771 13,230 15,908

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
227 401 310 204 630 105 226 218 577 -235 1,238 933
-47 -173 -110 0 -381 55 -117 -77 -251 -263 -700 -536
-369 -176 -193 -65 -288 -202 -68 -82 -161 650 -457 -419
Net Cash Flow -189 52 7 139 -40 -41 42 59 165 151 81 -23
Free Cash Flow 174 328 202 81 428 -29 169 104 347 -563 735 224
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit 95% 116% 94% 64% 144% 38% 68% 58% 67% 0% 99% 70%

Ratios

Standalone / 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 78 94 111 100 93 110 103 83 90 82 88
Inventory Days 85 72 97 98 74 85 120 109 89 83 83 84
Days Payable 143 131 177 208 190 182 234 211 175 138 139 138
Cash Conversion Cycle 33 19 14 1 -16 -4 -4 1 -3 35 27 33
Working Capital Days 20 4 21 22 7 14 28 29 20 52 41 44
ROCE % 18% 31% 35% 29% 33% 31% 23% 28% 53% 46% 33% 33%

Insights

In beta
Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Conductor Division Order Book
₹ crores

Log in to view insights

Please log in to see hidden values.

Login
Conductor Division Sales Volume
MT
Specialty Oil & Lubricant Division Sales Volume
KL
Conductor Premium Product Mix
% of revenue
Conductor Division Installed Capacity
MT
Cable Division Order Book
₹ crores
Transformer & Specialty Oil Installed Capacity
KL
Conductor Division New Order Inflow
₹ crores

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
57.77% 57.77% 57.77% 57.77% 57.77% 57.77% 57.77% 57.77% 57.77% 57.77% 57.76% 55.42%
10.98% 11.55% 11.51% 10.97% 10.22% 9.87% 9.06% 9.24% 9.35% 9.38% 10.76% 12.55%
18.62% 18.90% 19.73% 20.41% 21.24% 20.63% 21.79% 22.64% 23.20% 24.15% 23.02% 23.83%
12.63% 11.78% 11.00% 10.85% 10.77% 11.73% 11.38% 10.35% 9.68% 8.71% 8.47% 8.22%
No. of Shareholders 94,35490,96991,4911,00,8211,02,3621,14,5531,12,3651,06,31697,76189,00995,27998,764

* 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.

Documents

Announcements

Annual reports

Credit ratings

Concalls