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 55.7
  • Book Value ₹ 1,343
  • Dividend Yield 0.37 %
  • ROCE 31.1 %
  • ROE 20.2 %
  • Face Value ₹ 10.0
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Pros

Cons

  • Stock is trading at 10.3 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

Consolidated Figures in Rs. Crores / View Standalone

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
4,084 3,767 3,925 4,009 4,455 4,011 4,645 4,716 5,210 5,104 5,715 5,480 6,603
3,660 3,421 3,576 3,604 4,028 3,634 4,288 4,360 4,755 4,652 5,250 5,028 6,107
Operating Profit 424 346 349 405 427 377 357 356 455 452 465 452 496
OPM % 10% 9% 9% 10% 10% 9% 8% 8% 9% 9% 8% 8% 8%
11 14 19 21 27 15 33 34 20 25 23 -17 12
Interest 79 70 103 113 101 90 101 118 100 86 108 106 137
Depreciation 27 27 28 29 31 31 32 33 36 38 40 41 42
Profit before tax 328 263 237 284 322 270 257 238 340 353 341 288 329
Tax % 26% 25% 27% 23% 27% 25% 24% 27% 26% 25% 26% 27% 23%
243 197 174 218 236 203 194 175 250 263 252 209 253
EPS in Rs 63.43 51.59 45.44 54.16 58.81 50.42 48.27 43.55 62.24 65.45 62.66 52.01 63.09
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
5,108 5,078 4,832 5,818 7,964 7,425 6,388 9,317 14,336 16,153 18,581 22,902
4,843 4,698 4,398 5,393 7,472 6,930 5,948 8,739 13,069 14,585 16,999 21,026
Operating Profit 264 380 434 426 491 495 440 578 1,267 1,568 1,582 1,876
OPM % 5% 7% 9% 7% 6% 7% 7% 6% 9% 10% 9% 8%
1 10 15 11 15 15 19 33 36 86 99 32
Interest 162 175 131 158 223 254 157 171 344 432 443 437
Depreciation 31 38 45 56 67 87 93 98 104 116 132 161
Profit before tax 72 178 273 223 216 169 208 342 855 1,106 1,106 1,310
Tax % 32% 32% 36% 35% 37% 20% 23% 25% 25% 25% 26% 25%
49 122 177 145 136 135 160 257 638 825 821 977
EPS in Rs 12.86 31.61 46.14 37.82 35.55 35.32 41.94 67.09 166.64 205.41 204.46 243.21
Dividend Payout % 27% 21% 22% 25% 27% 27% 23% 22% 24% 25% 25% 0%
Compounded Sales Growth
10 Years: 16%
5 Years: 29%
3 Years: 17%
TTM: 23%
Compounded Profit Growth
10 Years: 24%
5 Years: 44%
3 Years: 16%
TTM: 23%
Stock Price CAGR
10 Years: 39%
5 Years: 92%
3 Years: 70%
1 Year: 71%
Return on Equity
10 Years: 20%
5 Years: 22%
3 Years: 22%
Last Year: 20%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 691 815 998 1,070 1,164 1,128 1,361 1,677 2,198 3,836 4,463 5,353
494 384 305 363 253 372 325 359 376 476 585 956
1,732 1,680 2,107 2,805 3,501 3,116 3,275 4,533 5,605 5,264 6,175 7,362
Total Liabilities 2,956 2,919 3,448 4,276 4,957 4,654 4,999 6,608 8,218 9,616 11,264 13,711
395 398 574 649 709 885 878 881 950 1,193 1,540 1,717
CWIP 10 56 28 20 103 55 29 38 99 122 130 539
Investments 5 112 119 0 187 0 60 31 54 11 219 59
2,546 2,352 2,728 3,608 3,958 3,714 4,032 5,657 7,114 8,290 9,373 11,396
Total Assets 2,956 2,919 3,448 4,276 4,957 4,654 4,999 6,608 8,218 9,616 11,264 13,711

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
298 412 312 225 632 94 281 244 698 -283 1,291 968
-59 -223 -166 -5 -388 45 -115 -91 -267 -267 -705 -558
-369 -153 -157 -69 -293 -189 -123 -106 -186 635 -483 -434
Net Cash Flow -130 36 -11 151 -49 -49 43 46 246 85 102 -24
Free Cash Flow 243 289 146 97 424 -50 226 114 452 -613 784 235
CFO/OP 120% 108% 95% 67% 143% 35% 74% 58% 72% -2% 99% 71%

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 91 78 95 109 98 93 106 99 81 89 80 85
Inventory Days 84 72 102 98 74 85 119 108 85 83 82 84
Days Payable 141 130 181 207 188 182 231 207 172 140 137 138
Cash Conversion Cycle 34 20 15 0 -16 -4 -6 1 -5 32 25 30
Working Capital Days 22 5 22 21 6 13 25 27 18 50 39 44
ROCE % 17% 28% 31% 27% 30% 28% 22% 27% 51% 44% 33% 31%

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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