Is Apar Industries Ltd (APARINDS) a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Apar Industries Ltd is a good quality company .

Is Apar Industries Ltd (APARINDS) undervalued or overvalued?

The key valuation ratios of Apar Industries Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone .

What is Apar Industries Ltd (APARINDS) share price return in the past 10 years?

Apar Industries Ltd share price has appreciated 37.3% annually (CAGR) over the past ten years.

Is Apar Industries Ltd (APARINDS) a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Apar Industries Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

What is the share price of Apar Industries Ltd (APARINDS)?

Company share prices are keep on changing according to the market conditions. The current trading price of Apar Industries Ltd (APARINDS) on 17-Apr-2026 16:59:59 at 16:59 is 11474.15.

What is the P/E ratio of Apar Industries?

The latest standalone P/E ratio of Apar Industries as of 17-Apr-2026 is 47.83.

What is the P/B ratio of Apar Industries Ltd (APARINDS)?

The latest standalone P/B ratio of Apar Industries Ltd (APARINDS) as of 17-Apr-2026 is 9.53.

What is the 52-week high and low of Apar Industries Ltd (APARINDS)?

The 52-week high of Apar Industries Ltd (APARINDS) is Rs. 11775.65 and the 52-week low is Rs. 4819.20.

Apar Industries Ltd (APARINDS) Share Analysis – Quality, Growth & Valuation Zone & DeciZen Rating

Name: Apar Industries Ltd (APARINDS)
Brand: Apar Industries

Key Metrics

Market Cap

₹46,090 Cr.

P/E Ratio

47.34

Price to Book (P/B)

9.11

Price to Sales (P/S)

2.15

EV/EBITDA

24.37

Return on Capital Employed (ROCE)

33.47%

Current Price

₹11,474.2

Return on Equity (ROE)

19.61%

Return on Assets (ROA)

7.87%

Operating Profit Margin

8.5%

Net Profit Margin

4.42%

Gross Profit Margin

6.7%

Book Value per Share

₹1,260.1

Sales Growth (YoY)

15.03%

Sales Growth (3 Years)

25.87%

Operating Profit Growth (1 Year)

0.72%

Operating Profit Growth (3 Years)

43.71%

Net Profit Growth (1 Year)

-0.46%

52-Week Low / High

₹4,819 / 11,776

Net Profit Growth (3 Years)

47.35%

Dividend Yield

0.92%

Promoter Holding

57.77%

Pledged shares (%)
of Promoter's holding (%)

0.00%

Check Before You Invest

Q.1 Revenue growth of Apar Industries Ltd?

Apar Industries Ltd revenue growth is 15% for FY-2025 , which is below its 5 year CAGR of 20.1% , indicating slower growth.

Q.1 Promoter shareholding and pledge status of Apar Industries Ltd?

Promoters hold 57.77% of the Apar Industries Ltd, with 0.00% of their stake pledged, indicating no pledge risk.

Q.1 Revenue growth of Apar Industries Ltd vs industry peers?

Apar Industries Ltd revenue CAGR is 20.14% , compared to the industry median CAGR of 31.34% , indicating slower growth and losing its market share.

Q.1 Which industry/sub-sector does Apar Industries Ltd belong to?

Apar Industries Ltd belongs to the Capital Goods & Industrial Consumables sector, operating specifically within the Electric Equipment segment.

Q.1 Stock return of Apar Industries Ltd over the last decade?

Over the last 9 year(s), the stock has delivered a CAGR of 37.5% based on the current price.

DeciZen - make an informed investing decision on Apar Inds

Based on:

Data

Overall Rating ⓘ
Login to view analysis.

1. Quality

2. Valuation ⓘ

3. Price Trend

Apar Industries stock performance

Key Ratios

Is Apar Industries Ltd an attractive stock to invest in?

10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
ROCE % ⓘ	28.7%	31.3%	27.1%	30%	28.8%	23.2%	27.9%	52.7%	45.1%	33.5%	-
Value Creation Index ⓘ	1.1	1.2	0.9	1.2	1.1	0.7	1.0	2.9	3.0	2.0	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	5,078	4,832	5,819	7,964	7,425	6,388	9,317	14,336	16,153	18,581	21,428
Sales YoY Gr.	-	-4.9%	20.4%	36.9%	-6.8%	-14%	45.8%	53.9%	12.7%	15%	-
Adj EPS ⓘ	31.1	44.7	37	34.4	39.1	40.9	64.1	168.5	201.9	202.6	242.4
YoY Gr.	-	43.7%	-17.3%	-7.1%	13.7%	4.7%	56.6%	163.1%	19.8%	0.3%	-
BVPS (₹) ⓘ	221.8	270.7	289.6	314.2	304.8	365.7	448.2	584.4	965	1,120.5	1,260.1
Adj Net Profit ⓘ	120	171	142	132	150	157	245	645	811	814	974
Cash Flow from Ops. ⓘ	412	312	225	632	94.2	281	244	698	-283	1,291	-
Debt/CF from Ops. ⓘ	0.9	1	1.6	0.4	3.4	0.9	1.2	0.4	-1.4	0.4	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	15.5%	20.1%	25.9%	15%
Adj EPS ⓘ	23.1%	39%	46.8%	0.3%
BVPSⓘ	19.7%	29.7%	35.7%	16.1%
Share Price	37.3%	91.5%	62.8%	133.9%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
Return on Equity % ⓘ	15.1	18.1	13.2	11.4	12.6	12.2	15.7	32.6	26.5	19.4	20.4
Op. Profit Mgn % ⓘ	7.5	9	7.3	6.2	6.9	6.7	5.7	8.7	9.7	8.5	8.5
Net Profit Mgn % ⓘ	2.3	3.5	2.4	1.7	2	2.5	2.6	4.5	5	4.4	4.5
Debt to Equity ⓘ	0.5	0.3	0.3	0.2	0.3	0.2	0.2	0.1	0.1	0.1	-
Working Cap Days ⓘ	153	166	182	162	179	210	180	152	160	159	76
Cash Conv. Cycle ⓘ	16	9	75	110	114	125	111	99	118	114	25

Recent Performance Summary

Latest Financials

	Standalone	Consolidated
TTM EPS (₹)	239.9	242.4
TTM Sales (₹ Cr.)	20,435	21,428
BVPS (₹) ⓘ	1,204.2	1,260.1
Reserves (₹ Cr.) ⓘ	4,797	5,021
P/BV ⓘ	9.53	9.11
PE ⓘ	47.83	47.34

From the Market
52 Week Low / High (₹)	4819.20 / 11775.65
All Time Low / High (₹)	2.40 / 11797.35
Market Cap (₹ Cr.)	46,090
Equity (₹ Cr.)	40.2
Face Value (₹)	10
Industry PE ⓘ	58.6

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of Apar Inds - Consolidated Basis

YTD 1Y 3Y 5Y 10Y Max

Analyst's Notes

No data found!

Key Ratios

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Sales	5,078	4,832	5,819	7,964	7,425	6,388	9,317	14,336	16,153	18,581
Operating Expenses ⓘ +	4,701	4,400	5,393	7,473	6,939	5,959	8,784	13,097	14,583	17,000
Manufacturing Costs	376	398	420	560	575	541	633	498	641	723
Material Costs	3,896	3,579	4,480	6,336	5,707	4,800	7,208	11,076	12,540	14,739
Employee Cost	91	107	126	148	169	160	172	221	289	338
Other Costs ⓘ	338	316	367	430	488	458	770	1,301	1,113	1,199
Operating Profit ⓘ	378	432	425	490	487	429	533	1,240	1,570	1,582
Operating Profit Margin (%)	7.4%	8.9%	7.3%	6.2%	6.6%	6.7%	5.7%	8.6%	9.7%	8.5%
Other Income ⓘ +	13	17	11	16	24	30	78	63	84	100
Exceptional Items ⓘ	0	0	0	0	0	0	0	0	0	0
Interest ⓘ	175	131	158	223	254	157	171	344	432	443
Depreciation ⓘ	38	45	56	67	87	93	98	104	116	132
Profit Before Tax ⓘ	178	273	223	216	169	208	342	855	1,106	1,106
Tax ⓘ	57	97	78	80	34	48	85	217	281	284
Profit After Tax	120	176	145	136	135	161	257	638	825	821
PAT Margin (%)	2.4%	3.7%	2.5%	1.7%	1.8%	2.5%	2.8%	4.5%	5.1%	4.4%
Adjusted EPS (₹)	31.6	46.1	37.8	35.6	35.3	41.9	67.1	166.6	205.4	204.5
Dividend Payout Ratio (%)	21%	22%	25%	27%	27%	23%	22%	24%	25%	25%

Balance Sheet

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Equity and Liabilities
Shareholders Fund +	854	1,036	1,108	1,202	1,166	1,400	1,715	2,236	3,876	4,501
Share Capital ⓘ	39	38	38	38	38	38	38	38	40	40
Reserves ⓘ	815	998	1,070	1,164	1,128	1,361	1,677	2,198	3,836	4,461
Debt +	347	277	332	218	282	213	234	246	339	343
Long Term Debt	83	91	162	130	188	192	195	151	334	298
Short Term Debt	264	186	170	88	94	21	39	94	4	45
Minority Interest	0	0	0	0	0	0	0	0	0	0
Trade Payables	1,396	1,772	2,551	3,264	2,848	3,038	4,083	5,206	4,765	5,549
Others Liabilities ⓘ	321	363	285	273	357	348	574	529	636	870
Total Liabilities ⓘ	2,919	3,448	4,276	4,957	4,654	4,999	6,608	8,218	9,616	11,264
Fixed Assets
Net Fixed Assets ⓘ +	398	574	649	709	885	878	881	950	1,193	1,540
Gross Block	435	647	776	898	1,153	1,236	1,327	1,490	1,837	2,294
Accumulated Depreciation	37	73	127	189	268	358	445	539	644	754
CWIP ⓘ	56	28	20	103	55	29	38	99	122	130
Investments ⓘ	112	119	0	187	0	60	31	54	11	219
Inventories	770	994	1,212	1,283	1,331	1,563	2,139	2,576	2,864	3,311
Trade Receivables	1,090	1,254	1,734	2,142	1,899	1,861	2,531	3,198	3,929	4,078
Cash Equivalents	134	123	274	225	176	222	266	530	646	761
Others Assets ⓘ	358	357	387	308	308	386	721	810	850	1,224
Total Assets ⓘ	2,919	3,448	4,276	4,957	4,654	4,999	6,608	8,218	9,616	11,264

Cash Flow

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Cash Flow From Operating Activity ⓘ +	412	312	225	632	94	281	244	698	-283	1,291
PBT ⓘ	178	273	223	216	169	208	342	855	1,106	1,106
Adjustment ⓘ	109	102	153	184	292	164	207	357	449	447
Changes in Working Capital ⓘ	159	37	-91	304	-287	-47	-214	-294	-1592	6
Tax Paid ⓘ	-34	-101	-60	-73	-80	-44	-91	-219	-247	-269
Cash Flow From Investing Activity ⓘ +	-223	-166	-5	-388	45	-115	-91	-267	-268	-705
Capex	-123	-168	-128	-208	-145	-55	-129	-247	-330	-507
Net Investments	-101	-1	123	-180	190	-60	39	-18	54	-200
Others ⓘ	1	3	-0	0	0	0	0	-2	7	2
Cash Flow From Financing Activity ⓘ +	-153	-157	-69	-293	-189	-123	-106	-186	635	-483
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	983	0
Net Proceeds from Borrowing ⓘ	14	-2	75	-27	55	21	4	-52	193	16
Interest Paid ⓘ	-73	-68	-79	-142	-154	-66	-47	-121	-285	-270
Dividend Paid ⓘ	-38	-0	-38	-36	-87	-0	-36	-57	-153	-205
Others ⓘ	-55	-86	-26	-88	-3	-78	-27	45	-103	-24
Net Cash Flow ⓘ	36	-11	152	-49	-49	44	47	245	84	103

Finance Ratio

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Ratios
ROE (%)	15.19	18.65	13.5	11.78	11.41	12.51	16.48	32.28	27	19.61
ROCE (%)	28.65	31.32	27.09	30.03	28.82	23.2	27.94	52.72	45.08	33.47
Asset Turnover Ratio	1.89	1.66	1.54	1.73	1.55	1.32	1.61	1.94	1.82	1.78
PAT to CFO Conversion(x)	3.43	1.77	1.55	4.65	0.7	1.75	0.95	1.09	-0.34	1.57
Working Capital Days
Receivable Days	78	81	92	89	99	107	86	73	80	78
Inventory Days	56	61	68	57	64	83	73	60	61	61
Payable Days	139	162	101	43	60	80	59	39	27	28

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Apar Industries Ltd FAQs

The current trading price of Apar Inds on 17-Apr-2026 16:59 is ₹11,474.2.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 16-Apr-2026 the market cap of Apar Inds stood at ₹46,089.7 Cr

The latest P/E ratio of Apar Inds as of 16-Apr-2026 is 47.83.

The latest P/B ratio of Apar Inds as of 16-Apr-2026 is 9.53.

The 52-week high of Apar Inds is ₹11,775.7 and the 52-week low is ₹4,819.2.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Apar Inds is ₹20,435 ( Cr.) .

About Apar Industries Ltd

Apar Industries is a leading brand-driven organisation delivering impactful solutions across energy infrastructure, mobility, and telecom. With a strong focus on agility and accountability, the company builds future-ready offerings that meet evolving market needs and drive long-term value. It is committed to authentic stakeholder engagement and work to co-create value, strengthen brand loyalty and demonstrate leadership in environmental stewardship.

Its emphasis on brand building has been critical in evolving from a traditional manufacturer to a solution provider and trusted partner. Established brands like POWEROIL and APAR Anushakti have helped set industry benchmarks and reinforce its market credibility. Apar is helping build a smarter, greener future through reliable products that serve millions and support India’s nation-building journey with purpose and brand excellence.

Business area of the company

The company is one among the best-established companies in India, operating in the diverse fields of electrical and metallurgical engineering offering value added products and services in Power Transmission Conductors, Petroleum Speciality Oils, Power & Telecom Cables and House wires.

Business verticals of the company

Conductors: A global leader in high-performance conductors, supplying advanced solutions for power transmission, railway and rural electrification to support vital initiatives worldwide. Forward integrated into Turnkey Solutions, completing EPC projects across the nation and neighbouring countries.
Cable solutions: It manufactures one of the widest ranges of cables in India. With light duty cable flag ship brands such as Anushakti, Shakti and Fire Protekt, ensuring safe, reliable power and connectivity, strengthening infrastructure through resilient energy distribution.
Telecom solutions: It delivers telecom infrastructure for 4G/5G, fibre broadband and data centres, enabling digital inclusion. Supporting railways, renewables and defence, it empowers national security and economic progress through robust, future-ready communication networks.
Speciality oils: POWEROIL speciality oils carry a variety of transformer oils, white oils and process oils. Enhances power transformers’ efficiency and reliability to reduce downtime, boost industrial productivity and contribute to India’s global energy leadership.
Lubricants: POWEROIL industrial lubricants serve diverse equipment, including rotating machinery, metalworking and quenching applications. POWEROIL, Eni Italy and ARKOS brands offer premium automotive lubricant solutions.
Speciality automotive: ARKOS, BOLT and POWEROIL AdBlue brands offer automotive lubricants, batteries, tyres and fluids for electric and conventional vehicles, supporting sustainable mobility solutions. Newly launched ARKOS VETEK for car care products.
Polymers: APARPRENE, the flagship brand for polymers, delivers innovative thermoplastic elastomers and speciality compounds for automotive, industrial and consumer applications worldwide.

Awards and accolades

2022

Company of the Year: EVSE Manufacturer (Cables) at EV Charge Leadership Awards 2022 – Gujarat.
Achieving Zero-Accident Frequency Rate at Rabale plant, recognised by NSC-MC on November 12, 2022.
Recognised among Top 100 manufacturing companies by Industrial Products Finder (IPF) 2022.

2023

5 Star Export House Certificate by Government of India on October 13, 2023.
Six Platinum Six Sigma Awards at CII 18th Six Sigma National Competition 2023 on September 14, 2023.
Best Renewable Cable Manufacturer Award at Net-Zero Energy Leadership Awards 2023 – Tamil Nadu on July 28, 2023.
Entrepreneur of the Year 2023 at Business Conclave & Awards – Delhi on July 15, 2023.
Gold Certificate at 18th CII Circle Competition on April 27, 2023.
Best Use of Technology Award at Logistics & Supply Chain Excellence Award 2023 on February 24, 2023.
Listed among Top Cable Companies by Wires and Cables India magazine.

2024

Quality Excellence Award from Toshiba – TTDI at the award ceremony held on November 29, 2024.
Quality Excellence Award by GE Vernova in November 2024.
Platinum 1st Runner-Up Award at 19th CII National Level Six Sigma Competition in November 2024.
Platinum Grade Supplier Award from Melbye in November 2024.
1st Prize Plaque Award by National Safety Council (NSC) Maharashtra Chapter in November 2024.
Outstanding Vendor Award by SSEL Naini in October 2024.
Best CEO Award by Business Today in March 2024.
Excellent Performance Award by Power Grid in May 2024.

2025

Rotary National CSR Award 2025 by Rotary India at Motilal Oswal Towers, Mumbai in October 2025.
Best Quality Supplier Award by GE Vernova.
Maharashtra Safety Award 2024 by National Safety Council – Maharashtra Chapter in September 2025.
Best Supplier Performance Award from Jakson Green in July 2025.

2026

APAR was awarded the EcoVadis Bronze Medal with an 83rd percentile score in the latest global sustainability assessment.
APAR clinched prestigious accolades at the 8th Indian Chamber of Commerce (ICC) Social Impact Awards.

Milestones

1969: Diversified into speciality oils with a refinery at Mahul, Chembur.
1998: Expanded oil production capacity with a greenfield plant in Rabale.
2002: Established a tax-free zone facility in Silvassa for oils and conductors.
2007: Entered automotive lubricants through an exclusive license with ENI Italy.
2008: Acquired UNIFLEX to enter the cables business.
2010: Commissioned a world-class R&D unit at Rabale, enhancing innovation.
2012: Built India’s largest e-beam facility at APAR Cable Solutions.
2013: Set up a greenfield conductor plant in Athola.
2016: Launched eco-friendly dull finish conductors, adding conductor plant in Jharsuguda and Oils plant in Sharjah.
2018: Commissioned the Sharjah plant and signed a significant agreement with Hindalco.
2019: Supplied transformer oils for all major HVDC projects in India.
2020: Revealed a new APAR logo, symbolizing modernization and transformation.
2021: Achieved multiple ‘first Indian company’ milestones – created guidance OFC for torpedoes and received AdBlue certification by VDA-Germany.
2022: Partnered with Sonu Sood as brand ambassador and expanded international collaborations.
2023: Achieved record turnover of Rs. 14,352 crore and led major infrastructure projects. Served as Associate Sponsor of Women’s Premier League – launching the 1st National TVC Campaign.
2024: Raised Rs 1,000 crore through QIP and began a greenfield cable expansion.
2025: APAR re-certified as a Great Place to Work in January 2025.
2026: APAR Rises to Top 17% Globally in EcoVadis Sustainability Assessment.

To get DeciZen Rating of 3,500+ Stocks based on their Quality, Valuation and Price Trend Login Now

Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
Logo:
Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
Brand Logo:
SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
Address:	B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045
Compliance officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com Telephone: +919860359463 Address: Same as IA
Grievance Officer Details:	Name: Mukta Vaze Email: mukta.vaze@moneyworks4me.com Telephone: +91 98609 19463 Address: Same as IA
Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com Telephone: +91 91758 99463 Address: Same as IA
Standard Warning:	Investment in securities market are subject to market risks. Read all the related documents carefully before investing.
Disclaimer:	Registration granted by SEBI, enlistment with exchange and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.

Apar Industries Ltd (APARINDS) Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating

Apar Inds Share Price