Apar Industries Ltd

Apar Industries is one among the best established companies in India, operating in the diverse fields of electrical and metallurgical engineering.(Source : 201903 Annual Report Page No: 84)

Pros:
Company has reduced debt.
Company is expected to give good quarter
Company has been maintaining a healthy dividend payout of 24.50%
Cons:
Company's cost of borrowing seems high

Peer Comparison Sector: Capital Goods - Electrical Equipment // Industry: Electric Equipment

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Quarterly Results Consolidated Figures in Rs. Crores / View Standalone

Sep 2016 Dec 2016 Mar 2017 Jun 2017 Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019
1,284 1,148 1,306 1,304 1,248 1,499 1,768 1,496 1,885 2,119 2,465 1,982
1,183 1,041 1,208 1,209 1,159 1,401 1,642 1,386 1,776 2,005 2,329 1,845
Operating Profit 101 107 98 95 89 98 126 109 109 114 135 137
OPM % 8% 9% 8% 7% 7% 7% 7% 7% 6% 5% 5% 7%
Other Income 4 2 6 2 3 3 3 4 3 3 4 4
Interest 25 31 24 24 37 26 54 54 53 42 51 57
Depreciation 11 11 13 13 14 14 15 16 16 17 18 20
Profit before tax 70 66 67 60 41 61 60 44 43 59 70 64
Tax % 34% 35% 39% 35% 37% 35% 33% 34% 34% 41% 38% 36%
Net Profit 46 43 40 39 26 40 40 29 29 35 44 41
EPS in Rs 12.01 11.27 10.43 10.18 6.84 10.33 10.46 7.58 7.48 9.07 11.42 10.78
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss Consolidated Figures in Rs. Crores / View Standalone

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 TTM
1,750 2,605 2,213 3,027 3,589 4,643 4,628 5,108 5,078 4,832 5,818 7,964 8,450
1,634 2,562 2,126 2,800 3,368 4,324 4,322 4,844 4,698 4,399 5,393 7,473 7,954
Operating Profit 116 43 87 227 221 319 306 264 380 433 426 491 496
OPM % 7% 2% 4% 7% 6% 7% 7% 5% 7% 9% 7% 6% 6%
Other Income 69 74 58 25 47 -1 4 2 10 16 11 15 15
Interest 62 104 87 78 170 144 155 162 175 131 158 223 203
Depreciation 14 15 19 21 22 24 27 31 38 45 56 67 71
Profit before tax 109 -1 40 154 77 150 129 72 178 273 223 216 237
Tax % 17% -190% 56% 38% 3% 27% 30% 32% 32% 36% 35% 37%
Net Profit 89 -5 24 95 73 109 90 50 122 177 145 136 148
EPS in Rs 26.54 0.00 6.73 28.41 19.61 27.56 22.48 12.46 31.61 46.14 37.82 35.55 38.75
Dividend Payout % 20% -0% 66% 20% 20% 18% 22% 27% 21% 22% 25% 27%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:11.82%
5 Years:11.47%
3 Years:16.18%
TTM:40.60%
Compounded Profit Growth
10 Years:36.86%
5 Years:8.44%
3 Years:3.27%
TTM:10.06%
Stock Price CAGR
10 Years:11.36%
5 Years:6.45%
3 Years:-2.91%
1 Year:-10.35%
Return on Equity
10 Years:14.52%
5 Years:13.14%
3 Years:14.04%
Last Year:11.43%

Balance Sheet Consolidated Figures in Rs. Crores / View Standalone

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
32 32 32 32 38 38 38 38 38 38 38 38
Reserves 252 248 251 319 485 588 658 691 815 998 1,070 1,164
Borrowings 101 161 162 601 993 984 792 494 384 305 363 253
1,072 1,461 1,265 1,017 1,326 1,658 1,518 1,740 1,689 2,118 2,823 3,583
Total Liabilities 1,458 1,902 1,710 1,970 2,840 3,269 3,006 2,964 2,927 3,458 4,293 5,039
107 227 179 178 185 263 359 395 398 574 649 709
CWIP 3 12 2 6 22 45 18 10 56 28 20 103
Investments 37 0 0 0 0 80 2 5 112 119 0 187
1,309 1,663 1,529 1,785 2,634 2,880 2,627 2,553 2,361 2,738 3,625 4,039
Total Assets 1,458 1,902 1,710 1,970 2,840 3,269 3,006 2,964 2,927 3,458 4,293 5,039

Cash Flows Consolidated Figures in Rs. Crores / View Standalone

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
460 225 -65 48 25 453 -632 298 412 312 225 632
38 -12 6 -26 -43 -208 -12 -59 -223 -166 -5 -388
-92 -105 -62 -96 436 -23 -181 -369 -153 -157 -69 -293
Net Cash Flow 405 107 -122 -74 417 223 -824 -130 36 -11 151 -49

Ratios Consolidated Figures in Rs. Crores / View Standalone

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
ROCE % 37% 25% 29% 33% 20% 19% 18% 17% 28% 31% 27% 30%
Debtor Days 82 72 70 83 88 64 87 91 78 95 109 98
Inventory Turnover 6.53 8.09 5.51 6.50 6.10 6.47 5.23 5.21 5.93 5.48 5.28 6.38