Apar Industries Ltd

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

Apar Industries Ltd

₹ 9,953 -0.46%
13 Dec - 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

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 ₹ 39,980 Cr.
  • Current Price ₹ 9,953
  • High / Low ₹ 11,025 / 5,151
  • Stock P/E 47.0
  • Book Value ₹ 1,023
  • Dividend Yield 0.51 %
  • ROCE 44.0 %
  • ROE 26.8 %
  • Face Value ₹ 10.0
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Pros

  • Company has delivered good profit growth of 44.1% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 25.9%
  • Company has been maintaining a healthy dividend payout of 23.7%

Cons

  • Stock is trading at 9.73 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

Part of Nifty 500 Multicap 50:25:25 Nifty Smallcap 100 BSE 250 SmallCap Index BSE Industrials BSE 400 MidSmallCap Index

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
2,269 2,229 3,012 3,093 3,235 3,939 4,084 3,767 3,925 4,009 4,455 4,011 4,645
2,142 2,112 2,839 2,856 3,009 3,596 3,660 3,421 3,576 3,604 4,028 3,635 4,288
Operating Profit 128 117 174 237 226 343 424 346 349 405 427 376 357
OPM % 6% 5% 6% 8% 7% 9% 10% 9% 9% 10% 10% 9% 8%
5 7 9 4 12 7 11 14 19 21 27 16 33
Interest 31 26 46 61 71 94 79 70 103 113 101 90 101
Depreciation 24 25 25 25 26 26 27 27 28 29 31 31 32
Profit before tax 77 74 112 156 141 230 328 263 237 284 322 270 257
Tax % 26% 26% 26% 21% 27% 26% 26% 25% 27% 23% 27% 25% 25%
57 55 83 122 103 170 243 197 174 218 236 203 193
EPS in Rs 14.87 14.36 21.59 32.00 26.82 44.40 63.43 51.59 45.44 54.17 58.81 50.42 48.14
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
4,643 4,628 5,108 5,078 4,832 5,818 7,964 7,425 6,388 9,317 14,336 16,153 17,119
4,322 4,321 4,843 4,698 4,398 5,393 7,472 6,930 5,948 8,739 13,069 14,585 15,555
Operating Profit 321 307 264 380 434 426 491 495 440 578 1,267 1,568 1,564
OPM % 7% 7% 5% 7% 9% 7% 6% 7% 7% 6% 9% 10% 9%
-3 4 1 10 15 11 15 15 19 33 36 86 97
Interest 144 155 162 175 131 158 223 254 157 171 344 432 405
Depreciation 24 27 31 38 45 56 67 87 93 98 104 116 123
Profit before tax 150 129 72 178 273 223 216 169 208 342 855 1,106 1,133
Tax % 27% 30% 32% 32% 36% 35% 37% 20% 23% 25% 25% 25%
110 90 49 122 177 145 136 135 160 257 638 825 850
EPS in Rs 28.45 23.37 12.86 31.61 46.14 37.82 35.55 35.32 41.94 67.09 166.64 205.41 211.54
Dividend Payout % 18% 22% 27% 21% 22% 25% 27% 27% 23% 22% 24% 25%
Compounded Sales Growth
10 Years: 13%
5 Years: 15%
3 Years: 36%
TTM: 9%
Compounded Profit Growth
10 Years: 25%
5 Years: 44%
3 Years: 73%
TTM: 8%
Stock Price CAGR
10 Years: 39%
5 Years: 90%
3 Years: 138%
1 Year: 84%
Return on Equity
10 Years: 19%
5 Years: 22%
3 Years: 26%
Last Year: 27%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 38 38 38 38 38 38 38 38 38 38 38 40 40
Reserves 588 658 691 815 998 1,070 1,164 1,128 1,361 1,677 2,198 3,836 4,067
984 792 494 384 305 363 253 372 325 359 376 476 543
1,648 1,510 1,732 1,680 2,107 2,805 3,501 3,116 3,275 4,533 5,605 5,264 5,474
Total Liabilities 3,258 2,998 2,956 2,919 3,448 4,276 4,957 4,654 4,999 6,608 8,218 9,616 10,124
263 359 395 398 574 649 709 885 878 881 950 1,193 1,247
CWIP 45 18 10 56 28 20 103 55 29 38 99 122 189
Investments 80 2 5 112 119 0 187 0 60 31 54 11 139
2,870 2,620 2,546 2,352 2,728 3,608 3,958 3,714 4,032 5,657 7,114 8,290 8,550
Total Assets 3,258 2,998 2,956 2,919 3,448 4,276 4,957 4,654 4,999 6,608 8,218 9,616 10,124

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
453 -632 298 412 312 225 632 94 281 244 698 -283
-208 -12 -59 -223 -166 -5 -388 45 -115 -91 -267 -267
-23 -181 -369 -153 -157 -69 -293 -189 -123 -106 -186 635
Net Cash Flow 223 -824 -130 36 -11 151 -49 -49 43 46 246 85

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 64 87 91 78 95 109 98 93 106 99 81 89
Inventory Days 75 101 84 72 102 98 74 85 119 108 85 83
Days Payable 148 136 141 130 181 207 188 182 231 207 172 140
Cash Conversion Cycle -9 52 34 20 15 0 -16 -4 -6 1 -5 32
Working Capital Days 11 67 49 24 36 32 10 18 30 31 22 52
ROCE % 19% 18% 17% 28% 31% 27% 30% 28% 22% 27% 51% 44%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
60.46% 60.57% 60.64% 60.64% 60.64% 60.64% 60.64% 60.64% 57.77% 57.77% 57.77% 57.77%
5.55% 5.52% 5.94% 6.30% 6.73% 6.66% 7.47% 9.09% 10.98% 11.55% 11.51% 10.97%
17.86% 18.25% 17.87% 16.76% 17.53% 17.95% 17.97% 17.06% 18.62% 18.90% 19.73% 20.41%
0.26% 0.26% 0.00% 0.01% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
15.87% 15.41% 15.56% 16.30% 15.10% 14.75% 13.92% 13.23% 12.63% 11.78% 11.00% 10.85%
No. of Shareholders 33,23134,46039,68054,21258,21262,72671,66092,40394,35490,96991,4911,00,821

* 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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