Apar Industries Ltd - Stock Valuation and Financial Performance

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

Apar Inds Share Price

6,020 -73.45 -1.21%
as on 19-Mar'24 16:59

DeciZen - make an informed investing decision on Apar Inds

Overall Rating
Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

Semi Strong

Apar Industries stock performance -

mw4me loader
P/E Ratio (CD):
29.43
Market Cap:
24,476.4 Cr.
52-wk low:
2,247
52-wk high:
6,523

Is Apar Industries Ltd an attractive stock to invest in?

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.

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

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 majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 15.8%12.5%19.7%20.4%17.9%19.7%22.3%16.9%19.9%39%-
Value Creation
Index
0.1-0.10.40.50.30.40.60.20.41.9-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 4,6325,1225,0784,8325,8197,9647,4256,3889,31714,35215,682
Sales YoY Gr.-10.6%-0.9%-4.9%20.4%36.9%-6.8%-14%45.8%54.1%-
Adj EPS 22.812.831.144.73734.439.140.964.1168.5207
YoY Gr.--44%143.5%43.7%-17.3%-7.1%13.7%4.7%56.6%163.1%-
BVPS (₹) 181189.6221.8270.7289.6314.2304.8365.7448.2584.4916.4
Adj Net
Profit
87.849.3120171142132150157245645832
Cash Flow from Ops. -63229841231222563294.2281244698-
Debt/CF from Ops. -1.31.70.911.60.43.40.91.20.4-

CAGR

CAGR Colour Code Guide

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%
BVPS13.9%15.1%24.2%30.4%
Share Price 46.9% 56.9% 133.9% 160%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
13.36.915.118.113.211.412.612.215.732.627.6
Op. Profit
Mgn %
6.65.27.597.36.26.96.75.78.79.7
Net Profit
Mgn %
1.912.33.52.41.722.52.64.55.3
Debt to
Equity
1.10.70.50.30.30.20.30.20.20.1-
Working Cap
Days
15015715316618216217921018015279
Cash Conv.
Cycle
10311697511011412511110016

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 27.60%

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 19.84%

No data to display

Latest Financials - Apar Industries Ltd.

Standalone Consolidated
TTM EPS (₹) 204.1 207
TTM Sales (₹ Cr.) 14,590 15,682
BVPS (₹.) 871 916.4
Reserves (₹ Cr.) 3,459 3,641
P/BV 7.00 6.65
PE 29.86 29.43
From the Market
52 Week Low / High (₹) 2247.00 / 6523.00
All Time Low / High (₹) 2.40 / 6523.00
Market Cap (₹ Cr.) 24,476
Equity (₹ Cr.) 40.2
Face Value (₹) 10
Industry PE 77.1

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

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Analyst's Notes

Key Ratios of Apar Inds

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales4,6325,1225,0784,8325,8197,9647,4256,3889,31714,352
Operating Expenses 4,3254,8584,7014,4005,3937,4736,9395,9598,78413,112
Manufacturing Costs288339376398420560575541633880
Material Costs3,6784,0933,8963,5794,4806,3365,7074,8007,20810,709
Employee Cost 677991107126148169160172221
Other Costs 2923473383163674304884587701,304
Operating Profit 3072643784324254904874295331,240
Operating Profit Margin (%) 6.6%5.1%7.4%8.9%7.3%6.2%6.6%6.7%5.7%8.6%
Other Income 74111317111624307863
Interest 224171175131158223254157171344
Depreciation 273138455667879398104
Exceptional Items -1000000000
Profit Before Tax 12972178273223216169208342855
Tax 392357977880344885217
Profit After Tax 9049120176145136135161257638
PAT Margin (%) 1.9%1.0%2.4%3.6%2.5%1.7%1.8%2.5%2.8%4.4%
Adjusted EPS (₹)23.312.931.646.137.835.635.341.967.1166.6
Dividend Payout Ratio (%)23%27%21%22%25%27%27%23%22%24%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 6967308541,0361,1081,2021,1661,4001,7152,236
Share Capital 38393938383838383838
Reserves 6586918159981,0701,1641,1281,3611,6772,198
Minority Interest2100000000
Debt778481347277332218282213234248
Long Term Debt70958391162130188192195151
Short Term Debt7083872641861708894213997
Trade Payables1,3671,5731,3961,7722,5513,2642,8483,0384,0835,207
Others Liabilities 155170321363285273357348574527
Total Liabilities 2,9982,9562,9193,4484,2764,9574,6544,9996,6088,218

Fixed Assets

Gross Block5626244356477768981,1531,2361,3271,490
Accumulated Depreciation2032303773127189268358445539
Net Fixed Assets359395398574649709885878881950
CWIP 181056282010355293899
Investments 2511211901870603154
Inventories1,0179447709941,2121,2831,3311,5632,1392,576
Trade Receivables1,1041,2671,0901,2541,7342,1421,8991,8612,5313,198
Cash Equivalents 231100134123274225176222266530
Others Assets269234358357387308308386721810
Total Assets 2,9982,9562,9193,4484,2764,9574,6544,9996,6088,218

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity -63229841231222563294281244698
PBT 12972178273223216169208342855
Adjustment 1798109102153184292164207339
Changes in Working Capital -76014615937-91304-287-47-214-276
Tax Paid -17-18-34-101-60-73-80-44-91-219
Cash Flow From Investing Activity -12-59-223-166-5-38845-115-91-269
Capex -94-56-123-168-128-208-145-55-129-247
Net Investments 82-3-101-1123-180190-6039-18
Others 1-11300000-4
Cash Flow From Financing Activity -181-369-153-157-69-293-189-123-106-184
Net Proceeds from Shares 0100000000
Net Proceeds from Borrowing 374314-275-2755214-54
Interest Paid 31-48-73-68-79-142-154-66-47-120
Dividend Paid -20-20-380-38-36-870-36-57
Others -228-345-55-86-26-88-3-78-2747
Net Cash Flow -824-13036-11152-49-494447245
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)13.596.9315.1918.6513.511.7811.4112.5116.4832.28
ROCE (%)22.7717.9628.6531.3227.0930.0328.8223.227.9452.72
Asset Turnover Ratio1.631.881.891.661.541.731.551.321.611.94
PAT to CFO Conversion(x)-7.026.083.431.771.554.650.71.750.951.09
Working Capital Days
Receivable Days697778819289991078673
Inventory Days63645661685764837360
Payable Days1411311391621014360805941

Apar Industries Ltd Stock News

Apar Industries Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Apar Inds on 19-Mar-2024 16:59 is ₹6,020.
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 19-Mar-2024 16:59 the market cap of Apar Inds stood at ₹24,476.4.
The latest P/E ratio of Apar Inds as of 19-Mar-2024 16:59 is 29.86.
The latest P/B ratio of Apar Inds as of 19-Mar-2024 16:59 is 7.00.
The 52-week high of Apar Inds is ₹6,523 and the 52-week low is ₹2,247.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Apar Inds is ₹14,590 ( Cr.) .

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.

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