Apar Industries Ltd Stock Analysis

BSE: 532259 | NSE: APARINDS | Electric Equipment | Small Cap

BSE Share Price Jan 18, 18:01
771.75 -16.60 (-2.11%)

DeciZen - Make an Informed Decision on Apar Inds

Overall Rating

1. Quality

2. Valuation

Fair
P/E P/S EV/EBITDA

3. Price Trend

10 Year X-Ray of Apar Inds:

Analysis of Financial Track Record

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

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Apar Industries Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide
Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21TTM
ROCE % 15.5%17.4%15.8%12.5%19.7%20.4%17.9%19.7%22.3%16.9%-
Value Creation Index 0.10.20.1-0.10.40.50.30.40.60.2-

Growth Parameters

Growth Parameters Colour Code Guide
Sales 3,5954,6514,6325,1225,0784,8325,8197,9647,4256,3887,666
YoY Gr. Rt. %-29.4%-0.4%10.6%-0.9%-4.9%20.4%36.9%-6.8%-14%-
Adj EPS 20.229.622.812.831.144.73734.439.140.965.1
YoY Gr. Rt. %-46.3%-22.9%-44%143.5%43.7%-17.3%-7.1%13.8%4.7%-
BVPS (₹) 144.8162.9181189.6221.8270.7289.6314.2304.8368.2397.7
Adj Net Profit 72.811487.849.3120171142131150157249
Cash Flow from Ops. 24.9453-63229841231222563294.2324-
Debt/CF from Ops. 39.92.2-1.31.70.911.60.43.40.8-

CAGR

CAGR Colour Code Guide
9 Years 5 Years 3 Years 1 Years
Sales 6.6%4.7%3.2%-14%
Adj EPS 8.1%5.6%3.4%4.7%
BVPS 10.910.78.320.8
Share Price 19.6% 3.4% 7.7% 108.5%

Key Financial Parameters

Performance Ratio Colour Code Guide
Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21TTM
Return on Equity % 16.719.813.36.915.118.113.211.412.612.217
Op. Profit Mgn % 6.16.96.65.27.597.36.26.96.76.8
Net Profit Mgn % 2.12.51.912.33.52.41.722.53.3
Debt to Equity 1.91.61.10.70.50.30.30.20.30.20.1
Working Cap Days 147131150157153166182162179210185
Cash Conv. Cycle 441410311610751101146535

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 17.00%

Sales growth is good in last 4 quarters at 23.54%

Sales growth has been subdued in last 3 years 3.16%

Net Profit has been subdued in last 3 years 3.41%

Latest Financials - Apar Industries Ltd.

Standalone Consolidated
TTM EPS (₹) 56.6 65.1
TTM Sales (₹ Cr.) 7,053 7,666
BVPS (₹.) 366.5 397.7
Reserves (₹ Cr.) 1,364 1,484
P/BV 2.15 1.99
PE 13.93 12.15
From the Market
52 Week Low / High (₹) 344.75 / 840.00
All Time Low / High (₹) 2.40 / 909.00
Market Cap (₹ Cr.) 3,017
Equity (₹ Cr.) 38.3
Face Value (₹) 10
Industry PE 65.5

Management X-Ray of Apar Inds :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

Analyst's Notes

News

About Apar Industries Ltd

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

  • Petroleum Specialities Pte (PSPL) of Singapore is in the business of trading in petroleum based products and general wholesale trade, including general importers and exporters.
  • Quantum Apar Speciality Oils Pty of Australia is responsible for marketing of speciality lubricants.
  • Poweroil Speciality Products FZE of U.A.E is a general trading company.
  • Uniflex Cables is India is publicly-listed entity engaged in the business of manufacture of PVC / Elastomeric cables.

Joint ventures-

  • Apar Chematek Lubricants - Apar Industries formed 50:50 joint venture with Chematek SpA, Italy for marketing of the ‘Agip’ brand of automotive lubricants of ENI SpA. Italy.

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.

Read More Read Less