Apar Industries Limited Share Price & Analysis
Price Chart
Fundamentals
Strengths
- ✓Excellent return on equity (ROE 20.2%)
- ✓Efficient capital deployment (ROCE 31.1%)
- ✓Low debt relative to equity (D/E 0.2x)
Concerns
- ✗High premium to book value (P/B 11x)
Peer Comparison
| Company | CMP | Mkt Cap | P/E | P/B | ROE % | ROCE % | D/E |
|---|---|---|---|---|---|---|---|
| HAL Hindustan Aeronautics Limited | ₹4,568 | ₹3.0L Cr | 33 | 7.44 | 24 | 32 | 0 |
| BEL Bharat Electronics Limited | ₹407 | ₹3.0L Cr | 49.4 | 12.41 | 27.6 | 36.5 | 0 |
| ABB ABB India Limited | ₹7,530 | ₹1.6L Cr | 104 | 20.35 | 22.4 | 29.9 | 0.01 |
| TMCV Tata Motors Limited | ₹412 +0.59% | ₹1.5L Cr | 38.6 | 10.71 | 34 | 35.9 | 0.44 |
| CUMMINSIND Cummins India Limited | ₹5,590 | ₹1.5L Cr | 62.3 | 18.27 | 30.2 | 39.5 | 0 |
| BHEL Bharat Heavy Electricals Limited | ₹417 | ₹1.5L Cr | 60.4 | 5.55 | 6.23 | 9.14 | 0.45 |
| CGPOWER CG Power and Industrial Solutions Limited | ₹912 | ₹1.4L Cr | 118 | 18.02 | 20.5 | 26.7 | 0.02 |
Showing 7 peers in the same sector · Sorted by market cap
Shareholding Pattern
APARINDS · as of Mar 2026
| Category | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Promoters | 57.77% | 57.77% | 57.77% | 57.77% | 57.77% | 57.77% |
| FII | 10.98% | 11.55% | 11.51% | 10.97% | 10.22% | 9.87% |
| DII | 18.62% | 18.90% | 19.73% | 20.41% | 21.24% | 20.63% |
| Public | 12.63% | 11.78% | 11.00% | 10.85% | 10.77% | 11.73% |
Corporate Events
To consider and approve the financial results for the period ended Jun 30, 2026
To consider Fund Raising
Dividend - Rs 51 Per Share
Annual General Meeting/Dividend - Rs 51 Per Share
Annual General Meeting/Dividend - Rs 40 Per Share
Latest News
All news →Apar Industries announces board meeting outcomes.
*Apar Industries announces outcomes from its June 30, 2026 board meeting.* The details include routine corporate updates with no major financial announcements. No significant deviations from prior guidance were noted. Investors await further disclosures. 📊 *STOCKS:* APARINDS | 🏢 *SECTOR:* CapitalMarkets | #LOWIMPACT #CorporateUpdate
Apar Industries seeks shareholder nod to raise funds
*Apar Industries seeks shareholder approval to raise funds via an upcoming EGM.* The move signals potential equity or debt issuance to strengthen capital structure. Raising capital could support expansion or reduce leverage. **No specific amount or purpose** disclosed yet in the filing. 📊 *STOCKS:* APARIND | 🏢 *SECTOR:* CapitalMarkets | #MEDIUMIMPACT #Funding
Apar Industries announces Rights Plan 2024
*Apar Industries announces Rights Plan 2024.* This move aims to strengthen the company’s capital structure and fund future growth initiatives. The rights issue could lead to moderate dilution but may enhance long-term value. Details on size and pricing are expected shortly. 📊 *STOCKS:* APARINDS | 🏢 *SECTOR:* CapitalMarkets | #MEDIUMIMPACT #RightsIssue
Apar Industries to host analyst investor meet
*Apar Industries to host analyst and institutional investor meet.* Purpose is to provide business updates and strategic outlook. Such events may clarify future guidance but no immediate triggers. No financial numbers disclosed yet. 📊 *STOCKS:* APARINDS | 🏢 *SECTOR:* CapitalMarkets | #LOWIMPACT #InvestorMeet
Financials
Quarterly Results
| Metric | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹6.6K Cr ▲20.5% | ₹5.5K Cr ▼4.1% | ₹5.7K Cr ▲12.0% | ₹5.1K Cr ▼2.0% | ₹5.2K Cr ▲10.5% | ₹4.7K Cr ▲1.5% | ₹4.6K Cr ▲15.8% | ₹4.0K Cr |
| Op. Profit | ₹496 Cr ▲9.7% | ₹452 Cr ▼2.8% | ₹465 Cr ▲2.9% | ₹452 Cr ▼0.7% | ₹455 Cr ▲27.8% | ₹356 Cr ▼0.3% | ₹357 Cr ▼5.3% | ₹377 Cr |
| OPM | 8.0% ▲0.0% | 8.0% ▲0.0% | 8.0% ▼11.1% | 9.0% ▲0.0% | 9.0% ▲12.5% | 8.0% ▲0.0% | 8.0% ▼11.1% | 9.0% |
| Net Profit | ₹253 Cr ▲21.1% | ₹209 Cr ▼17.1% | ₹252 Cr ▼4.2% | ₹263 Cr ▲5.2% | ₹250 Cr ▲42.9% | ₹175 Cr ▼9.8% | ₹194 Cr ▼4.4% | ₹203 Cr |
| EPS (₹) | 63.09 ▲21.3% | 52.01 ▼17.0% | 62.66 ▼4.3% | 65.45 ▲5.2% | 62.24 ▲42.9% | 43.55 ▼9.8% | 48.27 ▼4.3% | 50.42 |
Values in ₹ Cr · Source: Screener.in
Annual Profit & Loss
| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ₹22.9K Cr ▲23.3% | ₹18.6K Cr ▲15.0% | ₹16.2K Cr ▲12.7% | ₹14.3K Cr ▲53.9% | ₹9.3K Cr ▲45.9% | ₹6.4K Cr ▼14.0% | ₹7.4K Cr ▼6.8% | ₹8.0K Cr ▲36.9% | ₹5.8K Cr ▲20.4% | ₹4.8K Cr |
| Expenses | ₹21.0K Cr ▲23.7% | ₹17.0K Cr ▲16.6% | ₹14.6K Cr ▲11.6% | ₹13.1K Cr ▲49.5% | ₹8.7K Cr ▲46.9% | ₹5.9K Cr ▼14.2% | ₹6.9K Cr ▼7.3% | ₹7.5K Cr ▲38.5% | ₹5.4K Cr ▲22.6% | ₹4.4K Cr |
| Op. Profit | ₹1.9K Cr ▲18.6% | ₹1.6K Cr ▲0.9% | ₹1.6K Cr ▲23.8% | ₹1.3K Cr ▲119.2% | ₹578 Cr ▲31.4% | ₹440 Cr ▼11.1% | ₹495 Cr ▲0.8% | ₹491 Cr ▲15.3% | ₹426 Cr ▼1.8% | ₹434 Cr |
| OPM | 8.0% ▼11.1% | 9.0% ▼10.0% | 10.0% ▲11.1% | 9.0% ▲50.0% | 6.0% ▼14.3% | 7.0% ▲0.0% | 7.0% ▲16.7% | 6.0% ▼14.3% | 7.0% ▼22.2% | 9.0% |
| Other Income | ₹32 Cr ▼67.7% | ₹99 Cr ▲15.1% | ₹86 Cr ▲138.9% | ₹36 Cr ▲9.1% | ₹33 Cr ▲73.7% | ₹19 Cr ▲26.7% | ₹15 Cr ▲0.0% | ₹15 Cr ▲36.4% | ₹11 Cr ▼26.7% | ₹15 Cr |
| Interest | ₹437 Cr ▼1.4% | ₹443 Cr ▲2.5% | ₹432 Cr ▲25.6% | ₹344 Cr ▲101.2% | ₹171 Cr ▲8.9% | ₹157 Cr ▼38.2% | ₹254 Cr ▲13.9% | ₹223 Cr ▲41.1% | ₹158 Cr ▲20.6% | ₹131 Cr |
| Depreciation | ₹161 Cr ▲22.0% | ₹132 Cr ▲13.8% | ₹116 Cr ▲11.5% | ₹104 Cr ▲6.1% | ₹98 Cr ▲5.4% | ₹93 Cr ▲6.9% | ₹87 Cr ▲29.9% | ₹67 Cr ▲19.6% | ₹56 Cr ▲24.4% | ₹45 Cr |
| PBT | ₹1.3K Cr ▲18.4% | ₹1.1K Cr ▲0.0% | ₹1.1K Cr ▲29.4% | ₹855 Cr ▲150.0% | ₹342 Cr ▲64.4% | ₹208 Cr ▲23.1% | ₹169 Cr ▼21.8% | ₹216 Cr ▼3.1% | ₹223 Cr ▼18.3% | ₹273 Cr |
| Tax % | 25.0% ▼3.8% | 26.0% ▲4.0% | 25.0% ▲0.0% | 25.0% ▲0.0% | 25.0% ▲8.7% | 23.0% ▲15.0% | 20.0% ▼45.9% | 37.0% ▲5.7% | 35.0% ▼2.8% | 36.0% |
| Net Profit | ₹977 Cr ▲19.0% | ₹821 Cr ▼0.5% | ₹825 Cr ▲29.3% | ₹638 Cr ▲148.2% | ₹257 Cr ▲60.6% | ₹160 Cr ▲18.5% | ₹135 Cr ▼0.7% | ₹136 Cr ▼6.2% | ₹145 Cr ▼18.1% | ₹177 Cr |
| EPS (₹) | 243.21 ▲19.0% | 204.46 ▼0.5% | 205.41 ▲23.3% | 166.64 ▲148.4% | 67.09 ▲60.0% | 41.94 ▲18.7% | 35.32 ▼0.6% | 35.55 ▼6.0% | 37.82 ▼18.0% | 46.14 |
| Div Payout | 0.0% ▼100.0% | 25.0% ▲0.0% | 25.0% ▲4.2% | 24.0% ▲9.1% | 22.0% ▼4.3% | 23.0% ▼14.8% | 27.0% ▲0.0% | 27.0% ▲8.0% | 25.0% ▲13.6% | 22.0% |
Values in ₹ Cr · Source: Screener.in
Balance Sheet
| Item | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Liabilities | ||||||||||
| Equity Capital | ₹40 Cr ▲0.0% | ₹40 Cr ▲0.0% | ₹40 Cr ▲5.3% | ₹38 Cr ▲0.0% | ₹38 Cr ▲0.0% | ₹38 Cr ▲0.0% | ₹38 Cr ▲0.0% | ₹38 Cr ▲0.0% | ₹38 Cr ▲0.0% | ₹38 Cr |
| Reserves | ₹5.4K Cr ▲19.9% | ₹4.5K Cr ▲16.3% | ₹3.8K Cr ▲74.5% | ₹2.2K Cr ▲31.1% | ₹1.7K Cr ▲23.2% | ₹1.4K Cr ▲20.7% | ₹1.1K Cr ▼3.1% | ₹1.2K Cr ▲8.8% | ₹1.1K Cr ▲7.2% | ₹998 Cr |
| Borrowings | ₹956 Cr ▲63.4% | ₹585 Cr ▲22.9% | ₹476 Cr ▲26.6% | ₹376 Cr ▲4.7% | ₹359 Cr ▲10.5% | ₹325 Cr ▼12.6% | ₹372 Cr ▲47.0% | ₹253 Cr ▼30.3% | ₹363 Cr ▲19.0% | ₹305 Cr |
| Other Liabilities | ₹7.4K Cr ▲19.2% | ₹6.2K Cr ▲17.3% | ₹5.3K Cr ▼6.1% | ₹5.6K Cr ▲23.6% | ₹4.5K Cr ▲38.4% | ₹3.3K Cr ▲5.1% | ₹3.1K Cr ▼11.0% | ₹3.5K Cr ▲24.8% | ₹2.8K Cr ▲33.1% | ₹2.1K Cr |
| Total Liabilities | ₹13.7K Cr ▲21.7% | ₹11.3K Cr ▲17.1% | ₹9.6K Cr ▲17.0% | ₹8.2K Cr ▲24.4% | ₹6.6K Cr ▲32.2% | ₹5.0K Cr ▲7.4% | ₹4.7K Cr ▼6.1% | ₹5.0K Cr ▲15.9% | ₹4.3K Cr ▲24.0% | ₹3.4K Cr |
| Assets | ||||||||||
| Fixed Assets | ₹1.7K Cr ▲11.5% | ₹1.5K Cr ▲29.1% | ₹1.2K Cr ▲25.6% | ₹950 Cr ▲7.8% | ₹881 Cr ▲0.3% | ₹878 Cr ▼0.8% | ₹885 Cr ▲24.8% | ₹709 Cr ▲9.2% | ₹649 Cr ▲13.1% | ₹574 Cr |
| CWIP | ₹539 Cr ▲314.6% | ₹130 Cr ▲6.6% | ₹122 Cr ▲23.2% | ₹99 Cr ▲160.5% | ₹38 Cr ▲31.0% | ₹29 Cr ▼47.3% | ₹55 Cr ▼46.6% | ₹103 Cr ▲415.0% | ₹20 Cr ▼28.6% | ₹28 Cr |
| Investments | ₹59 Cr ▼73.1% | ₹219 Cr ▲1890.9% | ₹11 Cr ▼79.6% | ₹54 Cr ▲74.2% | ₹31 Cr ▼48.3% | ₹60 Cr | ₹0 Cr ▼100.0% | ₹187 Cr | ₹0 Cr ▼100.0% | ₹119 Cr |
| Other Assets | ₹11.4K Cr ▲21.6% | ₹9.4K Cr ▲13.1% | ₹8.3K Cr ▲16.5% | ₹7.1K Cr ▲25.8% | ₹5.7K Cr ▲40.3% | ₹4.0K Cr ▲8.6% | ₹3.7K Cr ▼6.2% | ₹4.0K Cr ▲9.7% | ₹3.6K Cr ▲32.3% | ₹2.7K Cr |
| Total Assets | ₹13.7K Cr ▲21.7% | ₹11.3K Cr ▲17.1% | ₹9.6K Cr ▲17.0% | ₹8.2K Cr ▲24.4% | ₹6.6K Cr ▲32.2% | ₹5.0K Cr ▲7.4% | ₹4.7K Cr ▼6.1% | ₹5.0K Cr ▲15.9% | ₹4.3K Cr ▲24.0% | ₹3.4K Cr |
Values in ₹ Cr · Source: Screener.in
Cash Flow Statement
| Item | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating CF | ₹968 Cr ▼25.0% | ₹1.3K Cr ▲556.2% | ₹-283 Cr ▼140.5% | ₹698 Cr ▲186.1% | ₹244 Cr ▼13.2% | ₹281 Cr ▲198.9% | ₹94 Cr ▼85.1% | ₹632 Cr ▲180.9% | ₹225 Cr ▼27.9% | ₹312 Cr |
| Investing CF | ₹-558 Cr ▲20.9% | ₹-705 Cr ▼164.0% | ₹-267 Cr ▲0.0% | ₹-267 Cr ▼193.4% | ₹-91 Cr ▲20.9% | ₹-115 Cr ▼355.6% | ₹45 Cr ▲111.6% | ₹-388 Cr ▼7660.0% | ₹-5 Cr ▲97.0% | ₹-166 Cr |
| Financing CF | ₹-434 Cr ▲10.1% | ₹-483 Cr ▼176.1% | ₹635 Cr ▲441.4% | ₹-186 Cr ▼75.5% | ₹-106 Cr ▲13.8% | ₹-123 Cr ▲34.9% | ₹-189 Cr ▲35.5% | ₹-293 Cr ▼324.6% | ₹-69 Cr ▲56.1% | ₹-157 Cr |
| Net Cash Flow | ₹-24 Cr ▼123.5% | ₹102 Cr ▲20.0% | ₹85 Cr ▼65.4% | ₹246 Cr ▲434.8% | ₹46 Cr ▲7.0% | ₹43 Cr ▲187.8% | ₹-49 Cr ▲0.0% | ₹-49 Cr ▼132.5% | ₹151 Cr ▲1472.7% | ₹-11 Cr |
| Free Cash Flow | ₹235 Cr ▼70.0% | ₹784 Cr ▲227.9% | ₹-613 Cr ▼235.6% | ₹452 Cr ▲296.5% | ₹114 Cr ▼49.6% | ₹226 Cr ▲552.0% | ₹-50 Cr ▼111.8% | ₹424 Cr ▲337.1% | ₹97 Cr ▼33.6% | ₹146 Cr |
Values in ₹ Cr · Source: Screener.in
Key Ratios History
| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 85d ▲6.3% | 80d ▼10.1% | 89d ▲9.9% | 81d ▼18.2% | 99d ▼6.6% | 106d ▲14.0% | 93d ▼5.1% | 98d ▼10.1% | 109d ▲14.7% | 95d |
| Inventory Days | 84d ▲2.4% | 82d ▼1.2% | 83d ▼2.4% | 85d ▼21.3% | 108d ▼9.2% | 119d ▲40.0% | 85d ▲14.9% | 74d ▼24.5% | 98d ▼3.9% | 102d |
| Days Payable | 138d ▲0.7% | 137d ▼2.1% | 140d ▼18.6% | 172d ▼16.9% | 207d ▼10.4% | 231d ▲26.9% | 182d ▼3.2% | 188d ▼9.2% | 207d ▲14.4% | 181d |
| Cash Conv. Cycle | 30d ▲20.0% | 25d ▼21.9% | 32d ▲740.0% | -5d ▼600.0% | 1d ▲116.7% | -6d ▼50.0% | -4d ▲75.0% | -16d | 0d ▼100.0% | 15d |
| Working Capital Days | 44d ▲12.8% | 39d ▼22.0% | 50d ▲177.8% | 18d ▼33.3% | 27d ▲8.0% | 25d ▲92.3% | 13d ▲116.7% | 6d ▼71.4% | 21d ▼4.5% | 22d |
| ROCE | 31.0% ▼6.1% | 33.0% ▼25.0% | 44.0% ▼13.7% | 51.0% ▲88.9% | 27.0% ▲22.7% | 22.0% ▼21.4% | 28.0% ▼6.7% | 30.0% ▲11.1% | 27.0% ▼12.9% | 31.0% |
Source: Screener.in · Lower days = better efficiency
About Apar Industries Limited
Apar, founded by Mr. Dharmsinh D. Desai in 1958, is a market leader in India with a global presence. Contributing to India’s process of electrification it started from manufacturing power transmission cables to having three broad business segments, which are Conductors, Transformer and specialty oils (TSO), and Power/telecom Cables. [1] [2]
Capital Goods · Electrical Equipment