Apar Industries Ltd

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

Apar Industries Ltd

₹ 7,777 1.58%
23 May 11:03 a.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

Leadership[1]
- 1 Largest global aluminium & alloy conductors’ manufacturer
** - 3rd Largest global manufacturer of Transformer oils
** - 1 Cables manufacturer for renewables in India

Website BSE NSE
  • Market Cap ₹ 31,239 Cr.
  • Current Price ₹ 7,777
  • High / Low ₹ 11,797 / 4,270
  • Stock P/E 38.0
  • Book Value ₹ 1,121
  • Dividend Yield 0.67 %
  • ROCE 32.1 %
  • ROE 19.6 %
  • Face Value ₹ 10.0
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Pros

  • Company has delivered good profit growth of 43.5% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 24.6%

Cons

  • 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

Consolidated Figures in Rs. Crores / View Standalone

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
3,012 3,093 3,235 3,939 4,084 3,767 3,925 4,009 4,455 4,011 4,645 4,716 5,210
2,839 2,856 3,009 3,596 3,660 3,421 3,576 3,604 4,028 3,635 4,288 4,360 4,752
Operating Profit 174 237 226 343 424 346 349 405 427 376 357 356 458
OPM % 6% 8% 7% 9% 10% 9% 9% 10% 10% 9% 8% 8% 9%
9 4 12 7 11 14 19 21 27 16 33 34 17
Interest 46 61 71 94 79 70 103 113 101 90 101 118 100
Depreciation 25 25 26 26 27 27 28 29 31 31 32 33 36
Profit before tax 112 156 141 230 328 263 237 284 322 270 257 238 340
Tax % 26% 21% 27% 26% 26% 25% 27% 23% 27% 25% 24% 27% 26%
83 122 103 170 243 197 174 218 236 203 194 175 250
EPS in Rs 21.59 32.00 26.82 44.40 63.43 51.59 45.44 54.16 58.81 50.42 48.27 43.55 62.23
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
4,628 5,108 5,078 4,832 5,818 7,964 7,425 6,388 9,317 14,336 16,153 18,581
4,321 4,843 4,698 4,398 5,393 7,472 6,930 5,948 8,739 13,069 14,585 17,034
Operating Profit 307 264 380 434 426 491 495 440 578 1,267 1,568 1,547
OPM % 7% 5% 7% 9% 7% 6% 7% 7% 6% 9% 10% 8%
4 1 10 15 11 15 15 19 33 36 86 99
Interest 155 162 175 131 158 223 254 157 171 344 432 409
Depreciation 27 31 38 45 56 67 87 93 98 104 116 132
Profit before tax 129 72 178 273 223 216 169 208 342 855 1,106 1,106
Tax % 30% 32% 32% 36% 35% 37% 20% 23% 25% 25% 25% 26%
90 49 122 177 145 136 135 160 257 638 825 821
EPS in Rs 23.37 12.86 31.61 46.14 37.82 35.55 35.32 41.94 67.09 166.64 205.41 204.46
Dividend Payout % 22% 27% 21% 22% 25% 27% 27% 23% 22% 24% 25% 25%
Compounded Sales Growth
10 Years: 14%
5 Years: 20%
3 Years: 26%
TTM: 15%
Compounded Profit Growth
10 Years: 33%
5 Years: 44%
3 Years: 48%
TTM: 0%
Stock Price CAGR
10 Years: 37%
5 Years: 92%
3 Years: 131%
1 Year: -3%
Return on Equity
10 Years: 20%
5 Years: 22%
3 Years: 25%
Last Year: 20%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 658 691 815 998 1,070 1,164 1,128 1,361 1,677 2,198 3,836 4,463
792 494 384 305 363 253 372 325 359 376 476 585
1,510 1,732 1,680 2,107 2,805 3,501 3,116 3,275 4,533 5,605 5,264 6,175
Total Liabilities 2,998 2,956 2,919 3,448 4,276 4,957 4,654 4,999 6,608 8,218 9,616 11,264
359 395 398 574 649 709 885 878 881 950 1,193 1,543
CWIP 18 10 56 28 20 103 55 29 38 99 122 128
Investments 2 5 112 119 0 187 0 60 31 54 11 219
2,620 2,546 2,352 2,728 3,608 3,958 3,714 4,032 5,657 7,114 8,290 9,373
Total Assets 2,998 2,956 2,919 3,448 4,276 4,957 4,654 4,999 6,608 8,218 9,616 11,264

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
-632 298 412 312 225 632 94 281 244 698 -283 1,291
-12 -59 -223 -166 -5 -388 45 -115 -91 -267 -267 -705
-181 -369 -153 -157 -69 -293 -189 -123 -106 -186 635 -483
Net Cash Flow -824 -130 36 -11 151 -49 -49 43 46 246 85 103

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 87 91 78 95 109 98 93 106 99 81 89 80
Inventory Days 101 84 72 102 98 74 85 119 108 85 83 82
Days Payable 136 141 130 181 207 188 182 231 207 172 140 137
Cash Conversion Cycle 52 34 20 15 0 -16 -4 -6 1 -5 32 25
Working Capital Days 67 49 24 36 32 10 18 30 31 22 52 47
ROCE % 18% 17% 28% 31% 27% 30% 28% 22% 27% 51% 44% 32%

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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