APARINDS · NSE
Apar Industries Limited
₹18,858
+5.94% (+₹1,057)
Prev. close
₹17,801
Volume
2,71,798
Delivery %
43.9%
As of
18 Sept 2026
Price history
Analyst sentiment
Analysts lean bullish
1 analyst stance · last 90 days · one per analyst
Trackable
none in window
Long-Horizon
none in window
Commentary
1 · 1 bull / 0 neutral / 0 bear
Trackable = verdict-bearing calls · Long-Horizon = 1yr+ horizon, verdict pending · Commentary = context, not graded
Analyst opinions
Market commentary · 1 · levels, conditionals, previews, macro & hedged views — context, not graded
| Call | Analyst | Instrument | Verdict | Actions |
|---|---|---|---|---|
| “Bullish on APAR Industries with a target price of ₹17,350, implying a 23% upside from its current market price of ₹14,07…” | InCred Equities AnalysisInCred Equities | APAR Industries | NOT GRADED |
Fundamentals
About Apar Industries Limited
APAR Industries Limited engages in the electrical and metallurgical engineering business in India and internationally. It operates through Conductor, Transformer & Specialties Oils, Power/Telecom Cables, and Others segments. The company offers transformer oils, including naphthenic and iso--paraffinic grades; liquid paraffins that are used in baby oil, medical and pharma, cosmetic, food packaging and coating, personal care, bakery, and plastic industries; petroleum jelly for use in personal care, pharmaceutical formulations, dermatological and ophthalmic formulations, battery terminal compounds, release agents for plaster molds and castings, and leather industries; process oils for rubber and tires, EPDM rubber/profiles, low PCA oils, TPE and plastics, hot melt adhesives, ink oils, and base oils for metal working fluids; and process oils for general applications. It also provides CTC/PICC conductors, railway overhead conductors, T&D overhead conductors, optical ground wires, aluminum and alloy rods, specialty wires, and turnkey solutions, as well as copper rods, wires, busbars, and strips; and electrical cables, elastomer and E-beam cables, light duty cables and wires, fiber optic cables, and specialty products and services. In addition, the company offers gigavolt hybrid, LAN, and specialty cables; thermoplastic elastomers, vulcanizates, polyurethane, rubber, and polyester base elastomer under the Aparprene brand; general and automotive lubricants, and metal working fluids; and specialty automotive products comprising batteries and lubricants, and batteries and lubricants, power oils, as well as vehicle care services. It provides its products and services to applications in various fields, including power transmission conductors, petroleum specialty oils, power and telecommunication cables, and house wires. The company also exports its products. Apar Industries Limited was founded in 1958 and is headquartered in Mumbai, India.
Details
Sector
Industrials
Industry
Electrical Equipment & Parts
CEO
Mr. Kushal Narendra Desai
Headquarters
Mumbai
Website
apar.comExchange
View on NSE ↗Key stats
Market cap
₹78,962.85 Cr
P/E ratio (TTM)
64.2
Dividend yield
0.34%
EPS (TTM)
₹293.72
Beta (1Y · daily vs NIFTY 50)
1.32
Beta (5Y · monthly vs NIFTY 50)
0.89
Shares float
1.73 Cr
EPS · quarter ended Jun 2026
₹116.02
Financial Performance
01 · Financials
Revenue for Mar 2021–Mar 2022 is as filed with BSE (consolidated), and the first plotted growth figure is computed against Mar 2020 revenue as filed with BSE; the two sources' revenue definitions differ by 0.7% on Mar 2023. FY21 growth needs FY20 filings, which the data source doesn't provide.
02 · Earnings Per Share (EPS)
03 · Dividend Profile
Growth compares completed fiscal-year dividend totals on the company's own calendar: April–March (Indian FY), taken from its reported period-ends. Payout ledger: NSE corporate actions.
04 · Operating Efficiency (Growth Rates)
Balance-sheet-based · pre-FY23 not filed in verifiable form
05 · Capital Structure & Asset Utilization
Pre-FY23 not filed in verifiable form
Asset turnover needs a prior year of assets — omitted for the earliest available year.
06 · Asset Base Composition
Pre-FY23 not filed in verifiable form
07 · Debt Level & Coverage
Pre-FY23 not filed in verifiable form
08 · Profit & Loss
Annual
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| ₹6,388.02 Cr | ₹9,319.99 Cr | ₹14,352.15 Cr | ₹16,152.98 Cr | ₹18,581.21 Cr | ₹22,902.12 Cr | |
| EBITDA | ₹437.75 Cr | ₹580.34 Cr | ₹1,133.65 Cr | ₹1,504.73 Cr | ₹1,501.53 Cr | ₹1,756.52 Cr |
| ₹160.00 Cr | ₹257.00 Cr | ₹637.72 Cr | ₹825.11 Cr | ₹821.31 Cr | ₹976.93 Cr | |
| Diluted EPS | ₹41.94 | ₹67.09 | ₹166.64 | ₹212.1 | ₹204.47 | ₹242.81 |
09 · Balance Sheet
Annual
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| ₹4,998.98 Cr | ₹6,607.52 Cr | ₹8,218.00 Cr | ₹9,616.00 Cr | ₹11,264.00 Cr | ₹13,711.00 Cr | |
| ₹324.81 Cr | ₹359.19 Cr | ₹376.23 Cr | ₹475.61 Cr | ₹584.70 Cr | ₹955.51 Cr | |
| Stockholders' equity | ₹1,399.52 Cr | ₹1,715.23 Cr | ₹2,236.00 Cr | ₹3,876.00 Cr | ₹4,503.00 Cr | ₹5,393.00 Cr |
Annual only — the data source doesn’t publish quarterly balance-sheet detail for most NSE-listed companies.
10 · Cash Flow Statement
Annual
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| ₹323.52 Cr | ₹243.75 Cr | ₹698.34 Cr | ₹-283.29 Cr | ₹1,290.56 Cr | ₹967.67 Cr | |
| Investing cash flow | ₹-110.52 Cr | ₹-90.61 Cr | ₹-268.94 Cr | ₹-268.14 Cr | ₹-704.79 Cr | ₹-558.08 Cr |
| ₹-167.17 Cr | ₹-106.35 Cr | ₹-184.06 Cr | ₹635.16 Cr | ₹-482.90 Cr | ₹-433.91 Cr | |
| Capital expenditure | ₹-55.81 Cr | ₹-130.47 Cr | ₹-247.83 Cr | ₹-330.67 Cr | ₹-509.69 Cr | ₹-736.66 Cr |
| End cash position | ₹207.02 Cr | ₹253.16 Cr | ₹498.81 Cr | ₹584.00 Cr | ₹686.42 Cr | ₹668.72 Cr |
Debt issued, Debt repaid have filed figures for only some of the years shown — no further verified source covers the rest, so those years are left blank rather than estimated.
Annual only — the data source has no quarterly cash-flow-statement coverage.
11 · Shareholding Pattern
NSE, quarterly
| Line item | Sep 21–Dec 21(2Q) | Mar 22 | Jun 22–Sep 23(6Q) | Nov 23–Mar 26(11Q) | Jun 26 | Aug 26 |
|---|---|---|---|---|---|---|
| Promoter | 60.46% | 60.57% | 60.64% | 57.77% | 57.76% | 55.42% |
| Public | 39.54% | 39.43% | 39.36% | 42.23% | 42.24% | 44.58% |
| Employee trusts | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Source: NSE quarterly shareholding-pattern filings, collapsed to periods where the reported percentages held steady — a column spanning several quarters means no change was filed across them. No FII/DII sub-split available from this source — Public includes all non-promoter, non-employee-trust holders.
12 · Peer Comparison
Industrials
| Company | ||||||||
|---|---|---|---|---|---|---|---|---|
| Larsen & Toubro Limited | ₹5.24 L Cr | ₹3,836.2 | 31.6 | 4.79 | 14.7% | 1.15 | +11.8% | +4.1% |
| Adani Ports and Special Economic Zone Limited | ₹4.00 L Cr | ₹1,824 | 29.4 | 4.17 | 13.3% | 0.66 | +27.1% | +29.1% |
| Hindustan Aeronautics Limited | ₹3.20 L Cr | ₹4,800.3 | 34.3 | 7.80 | 22.2% | 0.00 | +5.6% | -1.2% |
| Bharat Electronics Limited | ₹2.82 L Cr | ₹395.45 | 46.0 | 11.75 | 25.3% | 0.00 | +15.9% | -4.1% |
| InterGlobe Aviation Limited | ₹1.87 L Cr | ₹4,920 | — | 26.87 | -34.3% | 11.15 | +6.6% | -13.9% |
| ABB India Limited | ₹1.51 L Cr | ₹7,270.5 | 95.5 | 19.28 | 21.3% | 0.01 | +8.1% | +33.7% |
| Bharat Heavy Electricals Limited | ₹1.43 L Cr | ₹429.2 | 58.8 | 5.47 | 6.1% | 0.31 | +18.3% | +83.2% |
| Hitachi Energy India Limited | ₹1.39 L Cr | ₹32,700 | 121.7 | 26.89 | 19.1% | 0.02 | +27.2% | +68.7% |
| Cummins India Limited | ₹1.39 L Cr | ₹5,099.5 | 57.8 | 16.42 | 27.9% | 0.00 | +16.9% | +24.3% |
| CG Power and Industrial Solutions Limited | ₹1.39 L Cr | ₹892 | 107.6 | 17.39 | 15.1% | 0.01 | +25.1% | +13.7% |
| Siemens Limited | ₹1.33 L Cr | ₹3,763.5 | 78.8 | 10.07 | 15.9% | 0.01 | +16.2% | +13.3% |
| Apar Industries Limited | ₹74,536.94 Cr | ₹18,858 | 60.6 | 13.82 | 18.1% | 0.18 | +23.3% | +110.9% |
Ranked by market cap within Industrials, same metrics as the Fundamentals screener. Click a column to sort.
Documents
Annual reports
Show all 29
Concall transcripts
Show all 12
Official documents linked from their sources — offer documents as filed with SEBI (sebi.gov.in), annual reports and earnings-call transcripts as published on BSE (bseindia.com) and NSE (nseindia.com). Links open the source's own hosting; nothing is re-hosted here.
Index membership
32 indices
NSE weights are a free-float market-cap-share estimate, not NSE’s own published (and sometimes capped) index weight. BSE weights are BSE’s own published index weight, not an estimate. Indices without weight data are listed without one, in alphabetical order after the weighted ones.