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BSE: 532259 | NSE: APARINDS | Electric Equipment | Small Cap
1. Is Apar Industries Ltd a good quality company?
Past 10 year's financial track record analysis by Moneyworks4me indicates that Apar Industries Ltd is a good quality company.
2. Is Apar Industries Ltd 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.
3. Is Apar Industries Ltd a good buy now?
The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Apar Industries Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
Value Creation ⓘValue Creation Index Colour Code Guide ⓘ |
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|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | TTM | |||
| ROCE % ⓘ | 15.8% | 12.5% | 19.7% | 20.4% | 17.9% | 19.7% | 22.3% | 16.9% | 19.9% | 39% | - | ||
| Value Creation Index ⓘ | 0.1 | -0.1 | 0.4 | 0.5 | 0.3 | 0.4 | 0.6 | 0.2 | 0.4 | 1.9 | - | ||
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ |
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| Sales ⓘ | 4,632 | 5,122 | 5,078 | 4,832 | 5,819 | 7,964 | 7,425 | 6,388 | 9,317 | 14,352 | 15,609 | ||
| YoY Gr. Rt. % | - | 10.6% | -0.9% | -4.9% | 20.4% | 36.9% | -6.8% | -14% | 45.8% | 54.1% | - | ||
| Adj EPS ⓘ | 22.8 | 12.8 | 31.1 | 44.7 | 37 | 34.4 | 39.1 | 40.9 | 64.1 | 168.5 | 204.9 | ||
| YoY Gr. Rt. % | - | -44% | 143.5% | 43.7% | -17.3% | -7.1% | 13.8% | 4.7% | 56.6% | 163.1% | - | ||
| BVPS (₹) ⓘ | 181 | 189.6 | 221.8 | 270.7 | 289.6 | 314.2 | 304.8 | 365.7 | 448.2 | 584.4 | 643.7 | ||
| Adj Net Profit ⓘ | 87.8 | 49.3 | 120 | 171 | 142 | 131 | 150 | 157 | 245 | 645 | 784 | ||
| Cash Flow from Ops. ⓘ | -632 | 298 | 412 | 312 | 225 | 632 | 94.2 | 281 | 244 | 698 | - | ||
| Debt/CF from Ops. ⓘ | -1.3 | 1.7 | 0.9 | 1 | 1.6 | 0.4 | 3.4 | 0.9 | 1.2 | 0.4 | - | ||
CAGR ⓘCAGR Colour Code Guide ⓘ |
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|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 9 Years | 5 Years | 3 Years | 1 Years | |||||||||
| Sales ⓘ | 13.4% | 19.8% | 24.6% | 54.1% | ||||||||
| Adj EPS ⓘ | 24.9% | 35.4% | 62.8% | 163.1% | ||||||||
| BVPSⓘ | 13.9% | 15.1% | 24.2% | 30.4% | ||||||||
| Share Price | 46% | 54.9% | 150.1% | 274.9% | ||||||||
Key Financial Parameters ⓘPerformance Ratio Colour Code Guide ⓘ |
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|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | TTM | ||
| Return on Equity % ⓘ | 13.3 | 6.9 | 15.1 | 18.1 | 13.2 | 11.4 | 12.6 | 12.2 | 15.7 | 32.6 | 33.4 | |
| Op. Profit Mgn % ⓘ | 6.6 | 5.2 | 7.5 | 9 | 7.3 | 6.2 | 6.9 | 6.7 | 5.7 | 8.7 | 9.4 | |
| Net Profit Mgn % ⓘ | 1.9 | 1 | 2.3 | 3.5 | 2.4 | 1.7 | 2 | 2.5 | 2.6 | 4.5 | 5 | |
| Debt to Equity ⓘ | 1.1 | 0.7 | 0.5 | 0.3 | 0.3 | 0.2 | 0.3 | 0.2 | 0.2 | 0.1 | 0.1 | |
| Working Cap Days ⓘ | 150 | 157 | 153 | 166 | 182 | 162 | 179 | 210 | 180 | 152 | 161 | |
| Cash Conv. Cycle ⓘ | 10 | 31 | 16 | 10 | 75 | 110 | 114 | 125 | 111 | 100 | 34 | |
Return on Equity has increased versus last 3 years average to 33.40%
Sales growth is growing at healthy rate in last 3 years 24.57%
Net Profit is growing at healthy rate in last 3 years 62.77%
Sales growth is good in last 4 quarters at 38.45%
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| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 201.7 | 204.9 |
| TTM Sales (₹ Cr.) | 14,467 | 15,609 |
| BVPS (₹.) ⓘ | 599.2 | 643.7 |
| Reserves (₹ Cr.) ⓘ | 2,255 | 2,425 |
| P/BV ⓘ | 9.11 | 8.48 |
| PE ⓘ | 27.07 | 26.65 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 1357.50 / 6013.00 |
| All Time Low / High (₹) | 2.40 / 6013.00 |
| Market Cap (₹ Cr.) | 20,893 |
| Equity (₹ Cr.) | 38.3 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 62.8 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Apar Industries, incorporated in 1989, is one among the best established companies in India operating in the diverse fields of electrical, metallurgical and chemical engineering.
Company manufactures full range of powerline brand such as EC grade aluminium wire rods, aluminium alloy wire rods AAC (all aluminium conductors), ACSR (aluminium conductor steel reinforced), ACSR/AW (aluminium conductor aluminium clad steel reinforced), AACSR (aluminium alloy conductor steel reinforced), AACSR/AW (aluminium alloy conductor Clad steel reinforced), AAAC (all aluminium alloy conductors), High Temperature Low Sag (HTLS) TACSR Conductors, high conductivity alloy conductors, ACAR (aluminium conductor alloy reinforced), stay wire / galvanized steel earth wire (GSW) and mechanical grade alloy wire bundles.
Apar caters to a wide range of industries such as power, rubber, tyre, ink, cosmetics, food, pharmaceutical, health care, steel, aluminium, petrochemical, plastic, paper, sugar, cement, automotive etc. Further, it has product presence across Asia, Middle East, Africa, Europe, Australia and Far East.
Aluminium Conductors- Apar is the second largest producer of aluminium conductors in India which commands 23% of market share. Its manufacturing facilities for aluminium conductor are located at Silvassa and Nalagarh.
Company has a production capacity of over 250 thousand tons per annum and operates two manufacturing facilities located in Mumbai.
Subsidiaries
Joint ventures-
Products manufactured by the company:
Apar Industries manufactures products such as transformer oils, industrial oils and lubricants, liquid paraffins and white oils, rubber processing oils and ink oils.
Awards/recognition:
Company has received various certifications such as ISO 9001:2008, ISO 14001:2004 and ISO / IEC 17025 : 2005 NABL.
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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