Key Metrics 
Check Before You Invest 
10 Yrs X-Ray 
Valuation 
Analyst Note 
Qtr. Results 
Financials 
News 
About
Aplab Ltd (APLAB)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 517096 NSE: APLAB Electric Equipment | Small Cap | Aplab Share Price
₹66.80 -0.06 (-0.09%)
As on 13-Aug'26 16:59
Aplab Ltd (APLAB)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 517096 NSE: APLAB Electric Equipment | Small Cap | Aplab Share Price
₹66.80 -0.06 (-0.09%)
As on 13-Aug'26 16:59
Key Metrics
Valuation Multiples
Market Cap
₹168 Cr.
Current Price
₹66.8
52-Week Low / High
₹42 / 122
TTM EPS
₹-0.3
TTM Sales
₹52.6 Cr.
Book Value per Share
₹10.7
P/E Ratio
0.00
Lower than its 5-year historical median
Industry PE
56.1
Price to Book (P/B)
6.24
Higher than its 5-year historical median
Price to Sales (P/S)
3.19
Higher than its 5-year historical median
EV/EBITDA
92.61
Higher than its 5-year historical median
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
16.56%
Outperforms industry median
Return on Capital Employed (ROCE)
14.88%
Outperforms industry median
Return on Assets (ROA)
4.30%
Operating Profit Margin
5.1%
Net Profit Margin
4.31%
Gross Profit Margin
6.6%
Growth Momentum
1-yr vs 3-yr growth
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
-8.21%
Operating Profit Growth (1 Year)
-
-
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
869.23%
Asset Quality
Promoter Holding
43.83%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹2 Cr.
Equity
₹25.1 Cr.
Face Value
₹10
All Time Low / High
₹0.81 / 122.00
Check Before You Invest
Quality
Somewhat GoodValuation
OvervaluedCheck Valuation charts
Price Trend
Weak
Is Aplab Ltd a good quality company?
Aplab Ltd is a average quality company, based on a somewhat consistent multi-year financial track record.
This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.
We have analysed the performance of the company on the following:
-
How has it performed on generating Profits?
By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.
-
How efficiently has it utilized Capital?
By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.
-
How is it managing its Debt?
By checking its Debt to Equity and Cash Flow from Operations.
How does Aplab Ltd performance compare with that of its Peers?
Revenue growth of Aplab Ltd vs industry peers?
Aplab Ltd revenue CAGR is 1.97%, compared to the industry median CAGR of 12.87%, indicating slower growth and losing its market share.
Promoter shareholding and pledge status of Aplab Ltd?
Promoters hold 43.83% of the Aplab Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Stock return of Aplab Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 20.7% based on the current price.
10 Year X-Ray :
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 endData adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
What is a Financial Track Record? How to read this chart in order to understand the data present here?
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.
Aplab 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'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | -3.3% | -10% | 36.3% | 16.1% | 13.8% | 15.1% | 14.1% | 13% | -8.8% | 14.9% | - |
| Value Creation Index ⓘ | NA | NA | NA | NA | NA | 0.1 | 0.0 | -0.1 | -1.6 | 0.1 | - |
Growth Parameters ⓘ |
|||||||||||
| Sales ⓘ | 72.1 | 61 | 53.2 | 51.6 | 53 | 51.4 | 51.5 | 49.5 | 63.7 | 58.4 | 53 |
| Sales YoY Gr. | - | -15.3% | -12.8% | -3% | 2.8% | -3.1% | 0.3% | -3.8% | 28.5% | -8.2% | - |
| Adj EPS ⓘ | -11.9 | -13.6 | -1.7 | -1.8 | -0.4 | 0.7 | 1.1 | 0.7 | 0.1 | 1 | -0.3 |
| YoY Gr. | - | NA | NA | NA | NA | NA | 47.9% | -38.1% | -78.5% | 607.1% | - |
| BVPS (₹) ⓘ | -15.4 | -27.8 | -22.8 | -22.6 | -22.3 | -12.8 | -12.2 | 4 | 5.1 | 12.7 | 10.7 |
| Adj Net Profit ⓘ | -13.9 | -15.9 | -2 | -2.1 | -0.4 | 1.2 | 1.7 | 1.2 | 0.3 | 2.5 | -1 |
| Cash Flow from Ops. ⓘ | 4.5 | -17.1 | -5.1 | -23.4 | -1 | 18.7 | -2.9 | 0.2 | 1.9 | 13.6 | - |
| Debt/CF from Ops. ⓘ | 18.4 | -4.1 | -13.9 | -3.1 | -70.2 | 2.5 | -17.4 | 171.7 | 15.9 | 1.4 | - |
CAGR ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | -2.3% | 2% | 4.3% | -8.2% | ||||
| Adj EPS ⓘ | NA | NA | -1.9% | 607.1% | ||||
| BVPSⓘ | NA | NA | NA | 151.3% | ||||
| Share Price | 20.7% | 36.2% | 22.9% | 44.6% | ||||
Key Financial Parameters ⓘ
| Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 117.6 | 62.8 | 6.6 | 7.8 | 1.6 | -4.9 | -8.5 | -24.4 | 2.7 | 16.4 | -2.9 |
| Op. Profit Mgn % ⓘ | -3.6 | -6.5 | -4.7 | 9.1 | 9.9 | 13.5 | 10.9 | 9.2 | -12.5 | 5.2 | -2.5 |
| Net Profit Mgn % ⓘ | -19.3 | -26 | -3.7 | -4 | -0.8 | 2.3 | 3.3 | 2.4 | 0.4 | 4.3 | -1.6 |
| Debt to Equity ⓘ | -4.5 | -2.2 | -2.6 | -2.7 | -2.8 | -2.3 | -2.5 | 2.6 | 2.9 | 0.9 | - |
| Working Cap Days ⓘ | 343 | 384 | 551 | 688 | 623 | 551 | 504 | 542 | 356 | 273 | 119 |
| Cash Conv. Cycle ⓘ | 118 | 102 | 89 | 153 | 142 | 143 | 233 | 312 | 197 | 162 | 24 |
Valuation of Aplab - Standalone
Analyst's Notes
No data found!
Management X-Ray
Shareholding Pattern
Promoter's Holding & Share Pledging
| Pledged * | 0.00 | 0.00 | 0.00 | 29.42 | 29.42 | 29.42 | 22.69 | 22.69 | 0.00 | 0.00 |
* Pledged shares as % of Promoter's holding (%)
Financials
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 72 | 61 | 53 | 52 | 53 | 51 | 51 | 50 | 64 | 58 |
| Operating Expenses ⓘ + | 75 | 65 | 56 | 47 | 48 | 44 | 46 | 45 | 72 | 55 |
| Operating Profit ⓘ | -3 | -4 | -2 | 5 | 5 | 7 | 6 | 5 | -8 | 3 |
| Operating Profit Margin (%) | -3.9% | -6.5% | -4.7% | 9.0% | 9.9% | 13.5% | 10.9% | 9.2% | -12.5% | 5.1% |
| Other Income ⓘ + | 1 | 0 | 0 | 0 | 1 | 0 | 1 | 1 | 5 | 3 |
| Interest ⓘ | 11 | 11 | 8 | 7 | 7 | 5 | 4 | 4 | 3 | 2 |
| Depreciation ⓘ | 2 | 1 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | -14 | -16 | 7 | 0 | -0 | 0 | 0 | 1 | -7 | 3 |
| Tax ⓘ | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | -7 | 1 |
| Profit After Tax | -14 | -16 | 5 | 0 | -0 | 0 | 0 | 1 | 0 | 3 |
| PAT Margin (%) | -18.8% | -26.0% | 10.2% | 0.4% | -0.7% | 0.3% | 0.4% | 1.6% | 0.4% | 4.3% |
| Adjusted EPS (₹) | -11.6 | -13.6 | 4.6 | 0.2 | -0.3 | 0.1 | 0.1 | 0.4 | 0.1 | 1.6 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | |||||||||||
| Shareholders Fund + | -18 | -33 | -27 | -26 | -26 | -21 | -20 | 10 | 10 | 20 | |
| Debt + | 66 | 70 | 70 | 71 | 72 | 48 | 50 | 26 | 30 | 19 | |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Trade Payables | 2 | 13 | 11 | 9 | 11 | 7 | 9 | 8 | 9 | 2 | |
| Others Liabilities ⓘ | 77 | 64 | 58 | 49 | 43 | 42 | 46 | 36 | 15 | 11 | |
| Total Liabilities ⓘ | 127 | 114 | 113 | 103 | 99 | 76 | 85 | 81 | 65 | 52 | |
Fixed Assets | |||||||||||
| Net Fixed Assets ⓘ + | 52 | 17 | 4 | 4 | 3 | 6 | 7 | 7 | 7 | 10 | |
| CWIP ⓘ | 0 | 1 | 2 | 4 | 4 | 1 | 0 | 0 | 1 | 0 | |
| Investments ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Inventories | 12 | 14 | 13 | 16 | 15 | 15 | 25 | 29 | 18 | 19 | |
| Trade Receivables | 18 | 6 | 19 | 19 | 15 | 18 | 30 | 23 | 22 | 9 | |
| Cash Equivalents | 3 | 4 | 4 | 4 | 3 | 2 | 2 | 2 | 4 | 7 | |
| Others Assets ⓘ | 43 | 73 | 70 | 57 | 58 | 34 | 21 | 19 | 13 | 7 | |
| Total Assets ⓘ | 127 | 114 | 113 | 103 | 99 | 76 | 85 | 81 | 65 | 52 | |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ + | 4 | -17 | -5 | -23 | -1 | 19 | -3 | 0 | 2 | 14 |
| Cash Flow From Investing Activity ⓘ + | -0 | -2 | 10 | 32 | -0 | -0 | 0 | 0 | -1 | -2 |
| Cash Flow From Financing Activity ⓘ + | -7 | 20 | -5 | -8 | 0 | -19 | 3 | -0 | 1 | -8 |
| Net Cash Flow ⓘ | -3 | 1 | -0 | -0 | -1 | -1 | -0 | 0 | 2 | 3 |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0 | 2.99 | 16.56 |
| ROCE (%) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 13.03 | -8.82 | 14.88 |
| Asset Turnover Ratio | 0.59 | 0.51 | 0.47 | 0.48 | 0.53 | 0.59 | 0.64 | 0.6 | 0.88 | 1 |
| PAT to CFO Conversion(x) | N/A | N/A | -1 | N/A | N/A | N/A | N/A | 0 | N/A | 4.67 |
| Working Capital Days | ||||||||||
| Receivable Days | 89.40 | 69.60 | 86.80 | 135 | 117.50 | 116.30 | 168.50 | 194.40 | 127.40 | 94.80 |
| Inventory Days | 72.20 | 75.10 | 92.20 | 102.70 | 107.90 | 108.70 | 141.80 | 199.70 | 136.20 | 116.90 |
| Payable Days | 70.50 | 91.30 | 167.20 | 183.70 | 153 | 168.10 | 169.20 | 194.60 | 95 | 82 |
Top 5 Mutual Funds Holding
Last Visited Stocks
Announcements
Aplab Ltd FAQs
The current trading price of Aplab on 13-Aug-2026 16:59 is ₹66.80.
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 12-Aug-2026 the market cap of Aplab stood at ₹167.9 Cr
The latest P/E ratio of Aplab as of 12-Aug-2026 is 0.00.
The latest P/B ratio of Aplab as of 12-Aug-2026 is 6.24.
The 52-week high of Aplab is ₹122.0 and the 52-week low is ₹42.01.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Aplab is ₹52.60 ( Cr.) .
Past 10 year's financial track record analysis by Moneyworks4me indicates that Aplab Ltd is a average quality company.
The key valuation ratios of Aplab Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Aplab Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
About Aplab Ltd
Aplab Limited, incorporated in 1962 is recognized as a technology-driven professional company in business sectors like telecommunication, information technology, retail banking, retail fuel dispensing and power control & conditioning.
The company has four independent product divisions; test and measurement equipments, power conversion and UPS systems, self-service terminals for banking and petroleum sector.
Aplab enjoys worldwide recognition for the quality of its products, business integrity and innovative engineering skills.
Aplab provides a wide range of electronic products meeting the international standards for safety and reliability such as UL, VDE, etc.
The company’s manufacturing plants are located at Thane, Mumbai, Navi-Mumbai and Pune with a shop floor over 200,000 sq. ft.
Further, the company also has a manufacturing plant located in the SEZ near the Mumbai Airport that has a standard lab with equipment from Agilent, Yokogawa, Fluke, Marconi, etc, 3D CAD facilities for product design, automated pick and place surface mount PCB facility with optional inspection tools and quality-testing laboratory with environmental test chambers and Endurance testing facility.
Products
- High power AC systems
- High Power DC systems
- Solar Energy systems
- Power supplies
- Test & Measurement Instruments
- Banking Automation Products
- Cable Fault Locating Instruments
- Fuel Dispensers
- Design and Manufacturing services
The company operates subsidiaries namely Intel Instruments & Systems Limited and Sprylogic Technologies Limited. The securities are listed on the stock exchanges at Mumbai, Delhi, Chennai and Pune.
Aplab’s sales and service centres are located at Agra, Ahmedabad, Bangalore, Bhopal, Bhuvaneshwar, Chandigarh, Chennai, Coimbatore, Gauhati, Goa, Hubli, Indore, Jaipur, Kochi, Kolkatta, Kannur, Lucknow, Ludhiana, Mumbai, Mysore, Madurai, Mangalore, Nagpur, Nashik, New Delhi, Patna, Pune, Raipur, Ranchi, Secunderabad, Surat, Trivandrum and Trichy.
You have 0 views remaining as a Guest User. To get DeciZen Rating of 3,500+ Stocks based on their Quality, Valuation and Price Trend Login Now
