Apar Industries Ltd

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

Apar Industries Ltd

₹ 13,878 1.23%
05 Jun - 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]
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 ₹ 55,754 Cr.
  • Current Price ₹ 13,878
  • High / Low ₹ 14,190 / 6,800
  • Stock P/E 55.9
  • Book Value ₹ 1,285
  • Dividend Yield 0.37 %
  • ROCE 32.2 %
  • ROE 21.1 %
  • Face Value ₹ 10.0
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Pros

  • Company has delivered good profit growth of 49.0% CAGR over last 5 years

Cons

  • Stock is trading at 10.8 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

Industrials Capital Goods Electrical Equipment Other Electrical Equipment

Part of BSE 500 BSE Capital Goods Nifty 500 Nifty500 Shariah Nifty High Beta 50

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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
3,806 3,500 3,644 3,742 4,226 3,747 4,316 4,510 4,981 4,881 5,463 5,192 6,461
3,405 3,169 3,294 3,361 3,808 3,389 3,987 4,163 4,539 4,443 5,004 4,756 5,971
Operating Profit 401 331 350 381 417 357 329 346 441 438 459 435 490
OPM % 11% 9% 10% 10% 10% 10% 8% 8% 9% 9% 8% 8% 8%
12 16 21 23 30 18 35 36 20 27 24 -15 14
Interest 74 64 98 108 97 85 95 114 97 83 104 101 134
Depreciation 24 24 25 25 28 28 29 30 33 35 37 37 39
Profit before tax 314 258 248 271 322 262 239 239 332 347 342 282 331
Tax % 25% 25% 25% 24% 26% 25% 26% 26% 27% 26% 26% 26% 23%
235 193 186 206 238 196 178 176 244 258 254 208 255
EPS in Rs 61.36 50.53 48.50 51.24 59.36 48.69 44.26 43.83 60.81 64.19 63.20 51.69 63.36
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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
4,998 5,024 4,776 5,516 7,586 7,060 5,961 8,592 13,153 15,109 17,552 21,997
4,745 4,649 4,339 5,104 7,099 6,571 5,565 8,064 11,969 13,590 16,042 20,164
Operating Profit 253 375 436 412 487 489 395 528 1,183 1,519 1,511 1,833
OPM % 5% 7% 9% 7% 6% 7% 7% 6% 9% 10% 9% 8%
8 10 15 11 15 5 22 37 41 88 104 39
Interest 162 175 129 152 214 244 148 163 323 405 423 422
Depreciation 31 38 43 50 60 79 85 87 92 103 119 148
Profit before tax 68 173 279 221 228 172 185 316 810 1,099 1,073 1,302
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
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
Dividend Payout % 28% 22% 21% 25% 25% 26% 27% 25% 25% 25% 26% 0%
Compounded Sales Growth
10 Years: 16%
5 Years: 30%
3 Years: 19%
TTM: 25%
Compounded Profit Growth
10 Years: 24%
5 Years: 49%
3 Years: 18%
TTM: 26%
Stock Price CAGR
10 Years: 39%
5 Years: 92%
3 Years: 70%
1 Year: 71%
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
Equity Capital 38 38 38 38 38 38 38 38 38 40 40 40
Reserves 598 722 910 981 1,087 1,051 1,258 1,547 2,021 3,656 4,252 5,122
494 361 246 304 194 256 246 293 325 421 540 909
1,718 1,656 2,036 2,676 3,364 2,969 3,113 4,278 5,220 4,873 5,940 7,159
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
373 398 468 544 604 742 733 732 793 1,043 1,401 1,573
CWIP 9 21 28 19 103 55 29 37 99 122 125 513
Investments 31 110 119 0 187 0 62 32 56 10 216 54
2,436 2,249 2,616 3,435 3,789 3,516 3,832 5,355 6,657 7,814 9,030 11,089
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

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 -537
-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 -563 734 224
CFO/OP 95% 116% 94% 64% 144% 38% 68% 58% 67% 0% 100% 71%

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 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 143 131 177 208 190 182 234 211 175 137 139 138
Cash Conversion Cycle 33 19 14 1 -16 -4 -4 1 -3 36 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% 32%

Insights

In beta
Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Speciality Oils Physical Volume
Kilo Litres (KL)

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Conductor EBITDA per MT
INR/MT
Conductors Physical Volume
Metric Tons (MT)
Premium Product Mix (Conductors)
Percentage (%)
Speciality Oil EBITDA per KL
INR/KL
Installed Conductor Capacity
Metric Tons (MT)
Conductor Order Book
INR Crores
Installed Specialty Oil Capacity
Kilo Litres (KL)
Active Retailers (Cables)
Numbers
Indian Power Transformer Oil Market Share
Percentage (%)

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
60.64% 60.64% 57.77% 57.77% 57.77% 57.77% 57.77% 57.77% 57.77% 57.77% 57.77% 57.77%
7.47% 9.09% 10.98% 11.55% 11.51% 10.97% 10.22% 9.87% 9.06% 9.24% 9.35% 9.38%
17.97% 17.06% 18.62% 18.90% 19.73% 20.41% 21.24% 20.63% 21.79% 22.64% 23.20% 24.15%
13.92% 13.23% 12.63% 11.78% 11.00% 10.85% 10.77% 11.73% 11.38% 10.35% 9.68% 8.71%
No. of Shareholders 71,66092,40394,35490,96991,4911,00,8211,02,3621,14,5531,12,3651,06,31697,76189,009

* 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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