Apar Industries Ltd
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]
- Market Cap ₹ 4,600 Cr.
- Current Price ₹ 1,202
- High / Low ₹ 1,288 / 556
- Stock P/E 14.5
- Book Value ₹ 448
- Dividend Yield 1.25 %
- ROCE 26.9 %
- ROE 16.1 %
- Face Value ₹ 10.0
Pros
- Company is expected to give good quarter
- Company has been maintaining a healthy dividend payout of 24.0%
Cons
- Company has a low return on equity of 13.6% for last 3 years.
- 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
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
3,027 | 3,589 | 4,643 | 4,628 | 5,108 | 5,078 | 4,832 | 5,818 | 7,964 | 7,425 | 6,388 | 9,320 | 10,604 | |
2,800 | 3,368 | 4,322 | 4,321 | 4,843 | 4,698 | 4,398 | 5,393 | 7,472 | 6,930 | 5,948 | 8,742 | 9,948 | |
Operating Profit | 227 | 222 | 321 | 307 | 264 | 380 | 434 | 426 | 491 | 495 | 440 | 578 | 656 |
OPM % | 7% | 6% | 7% | 7% | 5% | 7% | 9% | 7% | 6% | 7% | 7% | 6% | 6% |
25 | 47 | -3 | 4 | 1 | 10 | 15 | 11 | 15 | 15 | 19 | 33 | 25 | |
Interest | 78 | 170 | 144 | 155 | 162 | 175 | 131 | 158 | 223 | 254 | 157 | 171 | 164 |
Depreciation | 21 | 22 | 24 | 27 | 31 | 38 | 45 | 56 | 67 | 87 | 93 | 98 | 99 |
Profit before tax | 154 | 77 | 150 | 129 | 72 | 178 | 273 | 223 | 216 | 169 | 208 | 342 | 419 |
Tax % | 38% | 3% | 27% | 30% | 32% | 32% | 36% | 35% | 37% | 20% | 23% | 25% | |
Net Profit | 95 | 73 | 109 | 90 | 50 | 122 | 177 | 145 | 136 | 135 | 160 | 257 | 317 |
EPS in Rs | 29.48 | 20.30 | 28.45 | 23.37 | 12.86 | 31.61 | 46.14 | 37.82 | 35.55 | 35.32 | 41.94 | 67.09 | 82.82 |
Dividend Payout % | 20% | 20% | 18% | 22% | 27% | 21% | 22% | 25% | 27% | 27% | 23% | 22% |
Compounded Sales Growth | |
---|---|
10 Years: | 10% |
5 Years: | 14% |
3 Years: | 5% |
TTM: | 53% |
Compounded Profit Growth | |
---|---|
10 Years: | 13% |
5 Years: | 8% |
3 Years: | 24% |
TTM: | 29% |
Stock Price CAGR | |
---|---|
10 Years: | 25% |
5 Years: | 10% |
3 Years: | 30% |
1 Year: | 82% |
Return on Equity | |
---|---|
10 Years: | 14% |
5 Years: | 13% |
3 Years: | 14% |
Last Year: | 16% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
32 | 38 | 38 | 38 | 38 | 38 | 38 | 38 | 38 | 38 | 38 | 38 | |
Reserves | 319 | 485 | 588 | 658 | 691 | 815 | 998 | 1,070 | 1,164 | 1,128 | 1,361 | 1,677 |
601 | 993 | 984 | 792 | 494 | 384 | 305 | 363 | 253 | 372 | 325 | 320 | |
1,014 | 1,319 | 1,648 | 1,510 | 1,732 | 1,680 | 2,107 | 2,805 | 3,501 | 3,116 | 3,275 | 4,572 | |
Total Liabilities | 1,967 | 2,833 | 3,258 | 2,998 | 2,956 | 2,919 | 3,448 | 4,276 | 4,957 | 4,654 | 4,999 | 6,608 |
178 | 185 | 263 | 359 | 395 | 398 | 574 | 649 | 709 | 885 | 878 | 881 | |
CWIP | 6 | 22 | 45 | 18 | 10 | 56 | 28 | 20 | 103 | 55 | 29 | 38 |
Investments | 0 | 0 | 80 | 2 | 5 | 112 | 119 | 0 | 187 | 0 | 60 | 31 |
1,782 | 2,627 | 2,870 | 2,620 | 2,546 | 2,352 | 2,728 | 3,608 | 3,958 | 3,714 | 4,032 | 5,657 | |
Total Assets | 1,967 | 2,833 | 3,258 | 2,998 | 2,956 | 2,919 | 3,448 | 4,276 | 4,957 | 4,654 | 4,999 | 6,608 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
48 | 25 | 453 | -632 | 298 | 412 | 312 | 225 | 632 | 94 | 281 | 244 | |
-26 | -43 | -208 | -12 | -59 | -223 | -166 | -5 | -388 | 45 | -115 | -91 | |
-96 | 436 | -23 | -181 | -369 | -153 | -157 | -69 | -293 | -189 | -123 | -106 | |
Net Cash Flow | -74 | 417 | 223 | -824 | -130 | 36 | -11 | 151 | -49 | -49 | 43 | 46 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 83 | 88 | 64 | 87 | 91 | 78 | 95 | 109 | 98 | 93 | 106 | 99 |
Inventory Days | 76 | 86 | 75 | 101 | 84 | 72 | 102 | 98 | 74 | 85 | 119 | 108 |
Days Payable | 108 | 106 | 148 | 136 | 141 | 130 | 181 | 57 | 45 | 71 | 75 | 69 |
Cash Conversion Cycle | 51 | 68 | -9 | 52 | 34 | 20 | 15 | 150 | 127 | 108 | 150 | 138 |
Working Capital Days | 44 | 49 | 11 | 67 | 49 | 24 | 36 | 32 | 10 | 18 | 30 | 30 |
ROCE % | 33% | 20% | 19% | 18% | 17% | 28% | 31% | 27% | 30% | 28% | 22% | 27% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
4 Aug - Kindy refer to our letter no. SEC/2907/2022 dated July 29, 2022 w.r.t. submission of link of Audio Recording of Investors Earnings Call on Un-audited Financial …
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
29 Jul - Exchanges about the Schedule of Earnings Call on Q1 FY23 Results to be made on Friday, July 29, 2022. Pursuant to Regulation 30(6) of Listing …
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Announcement under Regulation 30 (LODR)-Newspaper Publication
29 Jul - Publication of Extract of Un-audited Financial Results for the 1st Quarter and Three-Months ended June 30, 2022 in Newspapers.
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Announcement under Regulation 30 (LODR)-Investor Presentation
28 Jul - Investor Update for the First Quarter and Three Months period ended June 30, 2022 of the Current Financial Year 2022-23
- Board Meeting Outcome for Outcome Of Board Meeting And Submission Of Standalone And Consolidated Un-Audited Financial Results For The First Quarter And Three Months Period Ended June 30, 2022 (2022-23). 28 Jul
Annual reports
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Financial Year 2022
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2012
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Financial Year 2011
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Financial Year 2011
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Financial Year 2010
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Financial Year 2010
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Concalls
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Aug 2022Transcript PPT
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Leader in Conductors (44 % of Revenue):
It is amongst the largest global manufacturers (a pioneer in aluminum alloy rod & conductors). It Supplies to all top 25 global turnkey operators and leading utilities. [1] 343 crores of strategic Capex was undertaken over FY16-FY22 to launch several innovative solutions. Higher Value products contributed up to 49% in FY22 from 33% in FY21. FY22 Order inflow was INR 5,400 crore. [2]