Apar Industries Ltd

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

Apar Industries Ltd

₹ 7,862 0.48%
25 Apr 12:35 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

Conductors:
It is the largest one-stop solution provider for design, manufacturing, upgrading transmission lines and testing of conductors in the world. They are the largest exporters of conductors from India.[1]

Website BSE NSE
  • Market Cap ₹ 31,580 Cr.
  • Current Price ₹ 7,862
  • High / Low ₹ 7,900 / 2,501
  • Stock P/E 38.5
  • Book Value ₹ 571
  • Dividend Yield 0.52 %
  • ROCE 53.1 %
  • ROE 33.1 %
  • Face Value ₹ 10.0
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Pros

  • Company has delivered good profit growth of 33.7% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 25.5%

Cons

  • Stock is trading at 13.8 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

Sector: Capital Goods - Electrical Equipment Industry: Electric Equipment

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
1,584 1,791 1,610 2,094 2,071 2,821 2,827 2,911 3,624 3,809 3,506 3,644 3,747
1,443 1,695 1,499 1,973 1,963 2,661 2,621 2,683 3,306 3,409 3,175 3,294 3,366
Operating Profit 141 96 111 121 108 160 206 227 318 401 331 350 381
OPM % 9% 5% 7% 6% 5% 6% 7% 8% 9% 11% 9% 10% 10%
5 8 13 6 9 10 6 13 8 12 16 21 23
Interest 35 21 37 30 24 44 59 68 89 74 64 98 108
Depreciation 21 22 21 22 22 22 22 23 23 24 24 25 25
Profit before tax 89 62 65 76 71 104 132 150 214 314 258 248 271
Tax % 25% 27% 26% 26% 25% 27% 25% 25% 26% 25% 25% 25% 24%
67 45 49 56 53 76 98 112 158 235 193 186 206
EPS in Rs 17.44 11.80 12.72 14.64 13.82 19.87 25.70 29.17 41.25 61.36 50.53 48.50 51.24
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
3,448 4,525 4,474 4,998 5,024 4,776 5,516 7,586 7,017 5,961 8,592 13,167 14,706
3,246 4,221 4,193 4,745 4,649 4,339 5,104 7,099 6,544 5,565 8,064 11,984 13,243
Operating Profit 202 304 281 253 375 436 412 487 473 395 528 1,183 1,463
OPM % 6% 7% 6% 5% 7% 9% 7% 6% 7% 7% 6% 9% 10%
47 3 5 8 10 15 11 15 22 22 37 41 71
Interest 168 142 155 162 175 129 152 214 244 148 163 323 344
Depreciation 21 24 27 31 38 43 50 60 79 85 87 92 99
Profit before tax 60 140 104 68 173 279 221 228 172 185 316 810 1,091
Tax % 0% 27% 34% 30% 33% 35% 35% 35% 19% 26% 26% 26%
59 102 69 48 116 182 144 147 139 137 234 603 820
EPS in Rs 16.49 26.56 17.88 12.43 30.05 47.64 37.64 38.44 36.32 35.75 61.04 157.48 211.63
Dividend Payout % 24% 20% 29% 28% 22% 21% 25% 25% 26% 27% 25% 25%
Compounded Sales Growth
10 Years: 11%
5 Years: 19%
3 Years: 23%
TTM: 21%
Compounded Profit Growth
10 Years: 19%
5 Years: 34%
3 Years: 63%
TTM: 85%
Stock Price CAGR
10 Years: 50%
5 Years: 64%
3 Years: 143%
1 Year: 187%
Return on Equity
10 Years: 17%
5 Years: 19%
3 Years: 22%
Last Year: 33%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 36 38 38 38 38 38 38 38 38 38 38 38 38
Reserves 432 522 568 598 722 910 981 1,087 1,051 1,258 1,547 2,021 2,255
977 984 792 494 361 246 304 194 256 246 293 325 364
1,326 1,662 1,526 1,718 1,656 2,036 2,676 3,364 2,969 3,113 4,278 5,220 5,110
Total Liabilities 2,771 3,206 2,925 2,849 2,777 3,230 3,999 4,683 4,314 4,656 6,156 7,605 7,767
182 242 338 373 398 468 544 604 742 733 732 793 853
CWIP 22 45 18 9 21 28 19 103 55 29 37 99 152
Investments 6 108 30 31 110 119 0 187 0 62 32 56 5
2,562 2,810 2,539 2,436 2,249 2,616 3,435 3,789 3,516 3,832 5,355 6,657 6,757
Total Assets 2,771 3,206 2,925 2,849 2,777 3,230 3,999 4,683 4,314 4,656 6,156 7,605 7,767

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
19 415 -612 227 401 310 204 630 105 226 218 577
-43 -202 -12 -47 -173 -110 0 -381 55 -117 -77 -253
455 -5 -181 -369 -176 -193 -65 -288 -202 -68 -82 -159
Net Cash Flow 430 207 -805 -189 52 7 139 -40 -41 42 59 165

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 88 64 85 90 78 94 111 100 94 110 103 83
Inventory Days 87 76 103 85 72 97 98 74 86 120 109 92
Days Payable 109 154 142 143 131 177 208 190 184 234 211 181
Cash Conversion Cycle 66 -14 47 33 19 14 1 -16 -4 -4 1 -6
Working Capital Days 44 7 62 48 23 35 33 11 18 31 33 25
ROCE % 19% 19% 17% 18% 31% 35% 29% 33% 31% 23% 28% 53%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
60.46% 60.46% 60.46% 60.57% 60.64% 60.64% 60.64% 60.64% 60.64% 60.64% 57.77% 57.77%
4.08% 5.07% 5.55% 5.52% 5.94% 6.30% 6.73% 6.66% 7.47% 9.09% 10.98% 11.55%
19.36% 17.76% 17.86% 18.25% 17.87% 16.76% 17.53% 17.95% 17.97% 17.06% 18.62% 18.90%
0.23% 0.23% 0.26% 0.26% 0.00% 0.01% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
15.86% 16.47% 15.87% 15.41% 15.56% 16.30% 15.10% 14.75% 13.92% 13.23% 12.63% 11.78%
No. of Shareholders 30,12233,72433,23134,46039,68054,21258,21262,72671,66092,40394,35490,969

* 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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