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Apar Industries Ltd. Stock Analysis

Small Cap
Evaluated by 1087 users | BSE: 532259 | NSE: APARINDS |
Electric Equipment
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...

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
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Capital Employed 21.33%15.49%17.41%15.78%12.45%19.69%20.36%17.94%19.66%21.47%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 3,0333,5954,6514,6325,1225,0784,8325,8197,9647,462
Y-o-Y Gr. Rt.-18.5%29.4%-0.4%10.6%-0.9%-4.9%20.4%36.9%-6.3%
Adjusted EPS (Rs.) 29.4820.2429.6122.8212.7931.1444.7436.9934.3535.97
Y-o-Y Gr. Rt.--31.3%46.3%-22.9%-44%143.5%43.7%-17.3%-7.1%4.7%
Book Value per Share (Rs.) 108.68144.79162.89180.98189.56221.8270.74289.59314.18304.79
Adjusted Net Profit 95.372.811487.849.3120171142131138
Net Op. Cash Flow (Rs. Cr.) 47.824.9453-63229841231222563294.2
Debt to Cash Flow from Ops 12.7139.92.17-1.251.660.930.971.610.43.37
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
Apar Industries Ltd. should be analysed on a Consolidated basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales 10.5%7.8%15.6%-6.3%
Adjusted EPS 2.2%23%-7%4.7%
Book Value per Share 12.1104-3
Share Price 11% -5.6% -24.8% -26%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Equity (%) 30.0416.6519.8113.276.9115.1418.1213.211.3811.62
Operating Profit Margin (%) 7.486.096.96.625.157.458.957.316.166.74
Net Profit Margin (%) 3.172.052.461.90.962.333.542.431.651.84
Debt to Equity 1.731.911.571.140.680.450.290.330.210.27
Working Capital Days 132147131150157153166182162178
Cash Conversion Cycle 144141031161075110113
Entity Percentage Holding
Promoters 59.80%
Institutions 26.78%
Non-Institutions 13.20%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

MoneyWorks4Me analysed the past 10-year performance of Apar Industries Ltd. and arrived at the following conclusion:

Past 10 year's financial track record indicates that Apar Industries Ltd. is a average quality company. However, for specific investment actions please connect with your investment advisor.

The 5-year analysis of Apar Industries Ltd.'s performance infers:

Apar Industries Ltd. earnings have grown by 23%, whereas share price has depreciated -5.6% CAGR over the past five years, indicating the company's share price is likely undervalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of Apar Industries Ltd. share prices over the last 10 years. Here is what we found out:

Apar Industries Ltd. share price has depreciated 3.6% annually over the past ten years.

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

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.

Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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