APARINDS - Apar Industries Ltd Share Price

Electrical Equipment

₹5526.50-76.50(-1.37%)

Market Closed as of May 2, 2025, 15:30 IST

What does Apar Industries Ltd do?

Other Electrical Equipment•Capital Goods•Mid Cap

Apar Industries is a company in the electrical equipment sector, trading under the stock ticker APARINDS. With a market capitalization of Rs. 24,529.2 Crores, the company operates both in India and internationally, specializing in electrical and metallurgical engineering.

The company's operations are divided into several segments:

Conductor
Transformer & Specialties Oils
Power/Telecom Cables
Others

Apar Industries produces a wide array of products including:

Transformer Oils: Naphthenic and iso-paraffinic grades.
Liquid Paraffins: Used across various industries such as baby care, medical, personal care, and food packaging.
Petroleum Jelly: Serves multiple applications in personal care and pharmaceutical formulations.
Process Oils: Used for rubber, plastics, and inks.
Electrical Conductors & Wires: Including railway overhead and specialty conductors.
Cables: Such as thermoplastic elastomers and fiber optic cables.

The company also develops specialized automotive products, lubricants, and various specialty services related to electrical applications. Apar Industries exports many of its products and has established a significant presence in the market.

Founded in 1958 and headquartered in Mumbai, India, Apar Industries has achieved a trailing twelve-month revenue of Rs. 17,942.6 Crores. The company returns value to its investors by distributing dividends, showing a yield of 0.84% per year, with a recent dividend payout of Rs. 51 per share.

In terms of growth, Apar Industries has seen a revenue increase of 117.7% over the past three years, although it has also diluted shareholder holdings by 5% during this time.

Industry Group:Electrical Equipment

Employees:2,045

Website:apar.com

The Good, Bad and Ugly

Growth

Profitability

Size

Dilution Rank

Balance Sheet

Momentum

Technicals

Smart Money

Insider Trading

Category	APARINDS	Electrical
PE	27.51	64.89
PS	1.24	3.14
Growth	13.1 %	14.5 %

Description	Share	Value
Conductors	49.1%	2.4 kCr
Power/Telecom cablest	25.4%	1.3 kCr
Transformer and Speciality Oilst	24.7%	1.2 kCr
otherst	0.8%	38.3 Cr
Total		5 kCr

Valuation
Market Cap	22.2 kCr
Price/Earnings (Trailing)	27.49
Price/Sales (Trailing)	1.24
EV/EBITDA	13.66
Price/Free Cashflow	-57.17
MarketCap/EBT	20.42

Fundamentals
Revenue (TTM)	17.94 kCr
Rev. Growth (Yr)	17.76%
Rev. Growth (Qtr)	1.57%
Earnings (TTM)	807.55 Cr
Earnings Growth (Yr)	-19.61%
Earnings Growth (Qtr)	-9.78%

Profitability
Operating Margin	6.06%
EBT Margin	6.06%
Return on Equity	19.66%
Return on Assets	7.98%
Free Cashflow Yield	-1.75%

Income Statement for Apar Industries

Standalone figures (in Rs. Crores) / View Consolidated Data

QuarterlyAnnual

Description	(%) Q/Q	Dec-2024	Sep-2024	Jun-2024	Mar-2024	Dec-2023	Sep-2023
Revenue From Operations	4.5%	4,510	4,316	3,747	4,226	3,747	3,644
Other Income	2.9%	36	35	18	30	23	21
Total Income	4.5%	4,546	4,350	3,765	4,255	3,770	3,665
Cost of Materials	8.4%	3,686	3,402	2,981	3,136	2,992	2,653
Purchases of stock-in-trade	16.7%	22	19	18	18	18	34
Employee Expense	0%	82	82	76	73	69	66
Finance costs	20.2%	114	95	85	97	108	98
Depreciation and Amortization	3.6%	30	29	28	28	25	25
Other expenses	10.9%	490	442	389	505	543	500
Total Expenses	4.8%	4,307	4,111	3,503	3,933	3,499	3,417
Profit Before exceptional items and Tax	0%	239	239	262	322	271	248
Total profit before tax	0%	239	239	262	322	271	248
Current tax	4.8%	66	63	68	90	66	63
Deferred tax	-74.6%	-3.05	-1.32	-1.44	-6.29	-1.47	-1.2
Total tax	1.6%	63	62	67	84	65	62
Total profit (loss) for period	-1.1%	176	178	196	238	206	186
Other comp. income net of taxes	-573.6%	-46.36	11	27	-24.28	-4.17	68
Total Comprehensive Income	-31.4%	130	189	222	214	202	254
Earnings Per Share, Basic	-1%	43.83	44.26	48.69	61.54	53.56	48.5
Earnings Per Share, Diluted	-1%	43.83	44.26	48.69	61.54	53.56	48.5

Description	(%) Q/Q	Mar-2024	Mar-2023	Mar-2022	Mar-2021	Mar-2020	Mar-2019
Revenue From Operations	14.8%	15,109	13,167	8,596	5,961	7,060	7,586
Other Income	109.5%	89	43	37	26	8.29	15
Total Income	15.1%	15,198	13,210	8,633	5,987	7,068	7,601
Cost of Materials	16.2%	11,635	10,015	6,850	4,374	5,434	6,065
Purchases of stock-in-trade	70.6%	117	69	131	79	149	75
Employee Expense	30.2%	268	206	160	150	160	140
Finance costs	25.9%	366	291	135	129	219	192
Depreciation and Amortization	12.1%	103	92	87	85	79	60
Other expenses	-16%	1,745	2,078	1,279	946	1,019	966
Total Expenses	13.7%	14,099	12,401	8,317	5,802	6,897	7,373
Profit Before exceptional items and Tax	35.7%	1,099	810	316	185	172	228
Total profit before tax	35.7%	1,099	810	316	185	172	228
Current tax	34.3%	287	214	81	52	46	76
Deferred tax	-48.6%	-10.49	-6.73	1.34	-4.07	-13	4.97
Total tax	33.5%	276	207	82	48	33	81
Total profit (loss) for period	36.5%	823	603	234	137	139	147
Other comp. income net of taxes	69.5%	-20.95	-70.86	92	80	-87.58	2.38
Total Comprehensive Income	50.8%	802	532	325	217	51	149
Earnings Per Share, Basic	34.6%	211.63	157.48	61.04	35.75	36.32	38.44
Earnings Per Share, Diluted	34.6%	211.63	157.48	61.04	35.75	36.32	38.44

Consolidated figures (in Rs. Crores) / View Standalone Data

QuarterlyAnnual

Description	(%) Q/Q	Dec-2024	Sep-2024	Jun-2024	Mar-2024	Dec-2023	Sep-2023
Revenue From Operations	1.5%	4,716	4,645	4,011	4,455	4,013	3,926
Other Income	3.1%	34	33	16	33	21	19
Total Income	1.6%	4,751	4,677	4,027	4,488	4,034	3,945
Cost of Materials	5.7%	3,867	3,660	3,220	3,347	3,213	2,905
Purchases of stock-in-trade	16.7%	22	19	18	18	18	34
Employee Expense	1.1%	89	88	82	78	73	72
Finance costs	17%	118	101	90	101	113	103
Depreciation and Amortization	3.2%	33	32	31	31	29	28
Other expenses	10.5%	507	459	405	515	561	525
Total Expenses	2.1%	4,512	4,421	3,756	4,166	3,750	3,707
Profit Before exceptional items and Tax	-7%	239	257	270	322	284	237
Exceptional items before tax	-	0	0	0	0	0	0
Total profit before tax	-7%	239	257	270	322	284	237
Current tax	4.8%	67	64	69	92	68	64
Deferred tax	-80.3%	-3.11	-1.28	-1.45	-6.29	-1.46	-1.22
Total tax	1.6%	64	63	68	85	67	63
Total profit (loss) for period	-9.8%	175	194	203	236	218	174
Other comp. income net of taxes	-502.5%	-43.28	12	27	-23.77	-3.9	69
Total Comprehensive Income	-36.1%	132	206	229	212	214	243
Earnings Per Share, Basic	-10%	43.55	48.27	50.42	60.97	56.62	45.44
Earnings Per Share, Diluted	-10%	43.55	48.27	50.42	60.97	56.62	45.44

Description	(%) Q/Q	Mar-2024	Mar-2023	Mar-2022	Mar-2021	Mar-2020	Mar-2019
Revenue From Operations	12.5%	16,153	14,352	9,320	6,388	7,462	7,964
Other Income	136.1%	86	37	32	22	8.41	15
Total Income	12.9%	16,239	14,390	9,352	6,410	7,470	7,979
Cost of Materials	14.5%	12,564	10,974	7,418	4,676	5,767	6,388
Purchases of stock-in-trade	70.6%	117	69	131	79	149	75
Employee Expense	31.5%	289	220	172	160	169	148
Finance costs	26.6%	387	306	141	136	228	200
Depreciation and Amortization	11.7%	116	104	98	93	87	67
Other expenses	-17.9%	1,802	2,196	1,392	1,012	1,066	1,012
Total Expenses	11.8%	15,133	13,535	9,011	6,202	7,301	7,763
Profit Before exceptional items and Tax	29.4%	1,106	855	342	208	169	216
Total profit before tax	29.4%	1,106	855	342	208	169	216
Current tax	30%	291	224	84	52	47	76
Deferred tax	-47.4%	-10.51	-6.81	1.29	-4.2	-12.33	4.47
Total tax	29.6%	281	217	85	48	34	80
Total profit (loss) for period	29.4%	825	638	257	160	135	136
Other comp. income net of taxes	66.8%	-18.97	-59.19	95	82	-83.44	1.88
Total Comprehensive Income	39.3%	806	579	352	243	52	138
Earnings Per Share, Basic	27.4%	212.1	166.64	67.09	41.94	35.32	35.55
Earnings Per Share, Diluted	27.4%	212.1	166.64	67.09	41.94	35.32	35.55

Share Holdings

Understand Apar Industries ownership landscape with insights into key distribution patterns, offering investors a clear view of stakeholder dynamics.

Holding Pattern

Major Shareholders

Share Holding Details

As of 2025-03-31

Shareholder Name	Holding %
Kushal N Desai	22.7%
Chaitanya N Desai	22.7%
Maithili N Desai Family Private Trust No 2 - Trustee Maithili Trusteeship Services Private Limited	11.02%
Axis Mutual Fund Trustee Limited	3.37%
Hdfc Trustee Company Ltd.	3.17%
Nippon Life India Trustee Ltd.	2.55%
Government Pension Fund Global	1.97%
Hsbc Small Cap Fund	1.55%
Motilal Oswal Large And Midcap Fund	1.53%
Maithili N Desai Family Private Trust - Trustee Mr. K. N. Desai and Mr. C. N. Desai	0.25%
APAR Corporation Private Limited	0.21%
Rishabh Kushal Desai	0.16%
Gaurangi K Desai	0.16%
Devharsh Chaitanya Desai	0.16%
Nitika Chaitanya Desai	0.16%
Kushal N Desai Family Private Trust - Trustee K N Desai, C N. Desai and N K Desai	0.1%
Chaitanya N Desai Family Private Trust - Trustee C N Desai, K N. Desai and J C Desai	0.1%
Director or Director's Relatives	0.01%
Noopur Kushal Desai	0.01%
Jinisha C. Desai	0.01%

Overall Distribution

Distribution across major stakeholders

Ownership Distribution

Distribution across major institutional holders

Balance Sheet for Apar Industries

Standalone figures (in Rs. Crores) / View Consolidated Data

Description	(%) Q/Q	Sep-2024	Mar-2024	Sep-2023	Mar-2023	Sep-2022	Mar-2022
Cash and cash equivalents	-39.6%	338	559	343	408	226	243
Current investments	17223.3%	126	0.27	0	50	0.05	30
Loans, current	35.7%	1.19	1.14	0.74	1.09	0.88	0.81
Total current financial assets	1.4%	4,484	4,423	3,770	3,555	3,027	3,041
Inventories	12.5%	2,974	2,643	2,323	2,461	2,332	1,992
Total current assets	3.9%	8,000	7,697	6,569	6,562	5,697	5,268
Property, plant and equipment	7.3%	1,099	1,024	851	792	732	731
Capital work-in-progress	52.5%	184	121	152	99	98	37
Non-current investments	0%	9.68	9.68	5.47	5.47	5.47	1.67
Loans, non-current	-4.7%	2.23	2.29	1.44	2.51	0.89	0.83
Total non-current financial assets	2.9%	37	36	78	46	18	69
Total non-current assets	22.5%	1,584	1,293	1,198	1,043	893	888
Total assets	6.6%	9,584	8,990	7,767	7,605	6,590	6,156
Borrowings, non-current	-100.3%	0	334	246	151	184	195
Total non-current financial liabilities	8.6%	394	363	269	171	198	209
Provisions, non-current	15.4%	16	14	11	12	13	12
Total non-current liabilities	11.1%	420	378	301	205	212	274
Borrowings, current	48.5%	99	67	98	155	143	44
Total current financial liabilities	3.3%	4,760	4,610	4,835	5,092	4,513	4,060
Provisions, current	967.2%	28	3.53	8.18	2.03	9.51	4.88
Current tax liabilities	84.9%	173	94	54	37	37	9.95
Total current liabilities	7%	5,261	4,917	5,173	5,341	4,784	4,297
Total liabilities	7.3%	5,681	5,295	5,474	5,545	4,996	4,571
Equity share capital	0%	40	40	38	38	38	38
Total equity	5.6%	3,903	3,696	2,293	2,060	1,594	1,585
Total equity and liabilities	6.6%	9,584	8,990	7,767	7,605	6,590	6,156

Consolidated figures (in Rs. Crores) / View Standalone Data

Description	(%) Q/Q	Sep-2024	Mar-2024	Sep-2023	Mar-2023	Sep-2022	Mar-2022
Cash and cash equivalents	-35.8%	375	584	409	499	303	253
Current investments	5404.2%	132	3.38	2.01	50	0.05	30
Loans, current	35.7%	1.19	1.14	3.23	5.2	8.13	7.4
Total current financial assets	1.4%	4,728	4,661	4,024	3,866	3,340	3,170
Inventories	8.4%	3,104	2,864	2,458	2,576	2,556	2,139
Total current assets	2.7%	8,391	8,170	6,978	7,008	6,262	5,558
Property, plant and equipment	10%	1,243	1,130	1,004	949	894	880
Capital work-in-progress	56.7%	189	121	154	99	98	38
Non-current investments	0.3%	7.4	7.38	3.65	4.18	4.19	0.52
Loans, non-current	-4.7%	2.23	2.29	1.44	2.51	0.89	0.83
Total non-current financial assets	6.1%	36	34	77	45	18	70
Total non-current assets	19.9%	1,733	1,446	1,357	1,210	1,061	1,050
Total assets	5.3%	10,124	9,616	8,335	8,218	7,323	6,608
Borrowings, non-current	7.5%	359	334	246	151	184	195
Total non-current financial liabilities	7.6%	439	408	317	220	250	259
Provisions, non-current	15.4%	16	14	11	12	13	12
Total non-current liabilities	10%	465	423	349	254	263	324
Borrowings, current	58.6%	112	71	98	153	150	57
Total current financial liabilities	1.1%	5,081	5,028	5,224	5,466	5,009	4,305
Provisions, current	427.2%	31	6.69	11	4.26	11	6.37
Current tax liabilities	80.4%	176	98	59	48	41	13
Total current liabilities	4.4%	5,551	5,316	5,523	5,727	5,312	4,568
Total liabilities	4.8%	6,017	5,739	5,872	5,981	5,576	4,892
Equity share capital	0%	40	40	38	38	38	38
Total equity	6%	4,107	3,876	2,463	2,236	1,747	1,715
Total equity and liabilities	5.3%	10,124	9,616	8,335	8,218	7,323	6,608

Summary of Latest Earnings Report from Apar Industries

Summary of Apar Industries's latest earnings call, featuring management's outlook on business performance, financial results, and analyst Q&A sessions that highlight key strategic initiatives and market challenges.

Earnings Outlook

Last updated: Feb 25

Management Outlook and Key Points:

Outlook:
APAR Industries anticipates continued growth driven by strong domestic demand in power transmission, renewables, railways, and infrastructure. Exports, impacted by freight issues and competition, are expected to recover with easing Red Sea disruptions and improved U.S. inquiries. The company remains optimistic about long-term energy transition trends, emphasizing innovation, utility approvals in the U.S., and cost optimization through Industry 4.0 initiatives.

Major Points:

Financial Performance:
- Q3 FY25 revenue grew 17.7% YoY (INR 4,716 crore), led by 31.8% domestic growth. Exports contributed 33.5% (vs. 40.7% YoY).
- EBITDA margins declined to 8.5% (vs. 10.2% YoY) due to lower premium product mix and competitive pressures.
Segment Highlights:
- Conductors: Order book at INR 7,600 crore; focus on HTLS and copper products. Margins dipped to INR 29,593/ton (vs. INR 41,500 YoY) due to reduced premium exports.
- Cables: Revenue surged 37% YoY (INR 1,266 crore), driven by domestic infrastructure spending. Margins pressured by competition.
- Oil Business: Volume growth (4.8% YoY), but revenue flat due to base oil price volatility.
Industry Trends:
- Renewable energy additions (solar +33.5%, wind +7.6% YoY) and transmission infrastructure delays (50% of FY25 target met).
- Retendering of projects due to commodity price hikes, expected to normalize in FY26.
Strategic Initiatives:
- Expanding U.S. presence via utility approvals and cross-selling conductors/cables.
- Targeting double-digit cable margins with export recovery and cost optimization.
- Focus on premium products (37% mix) and domestic growth in railways/defense.

Growth Drivers:

Domestic execution of pent-up power projects, wind energy expansion, and retail wire distribution.
Export recovery in the U.S. ($20B cable import opportunity) and improved freight dynamics.

Margins expected to stabilize with higher premium product execution and export revival.

Q&A Session

Last updated: Feb 25

Q1: What is the view on the U.S. market post-regime change, and does the opportunity size remain the same for reconducting and other opportunities?
Answer: The U.S. market's fundamentals remain intact despite political changes. Electrification demand continues, with ~50% reliance on imports due to local production constraints. APAR's U.S. inquiries and approvals are improving, and excess inventory issues have subsided. Renewable projects and data centers drive demand, though competition persists. Management remains optimistic about growth.

Q2: Why has premium product sales softened despite strong domestic growth?
Answer: Premium product execution slowed due to retendering of domestic infrastructure projects (budgets vs. rising commodity costs). Delayed HTLS orders also impacted mix. Copper business grew 31% YoY, but premium segments await tender finalization. Recovery is expected as retendered projects resume.

Q3: Are conductor EBITDA/ton (~INR 29,500) and cable margins (lower YoY) sustainable?
Answer: Conductor margins dipped due to lower premium product execution and export mix shifts (lower U.S. sales). Annual guidance remains INR 28,500"“30,000/ton. Cable margins face domestic competition; cost optimization and U.S. recovery may improve profitability.

Q4: Is the current margin a "new normal" due to export competition, or will premium mix recovery lift margins?
Answer: Export competition (e.g., China in Africa/Latam) and domestic mix shifts pressured margins. Recovery hinges on U.S. sales growth and premium product execution. Conductor margins may improve with order book execution (INR 7,600 crore, 37% premium).

Q5: How does U.S. margin compare to India/other geographies, and why are exports slow despite favorable dynamics?
Answer: U.S. margins are 3"“5% higher than India for like-for-like products due to stringent standards (UL approvals). Export delays stem from staggered deliveries and U.S. procedural hurdles. Inquiries are rising, and freight disruptions (Red Sea) are easing.

Q6: Could government capex slowdown and industry overcapacity hurt domestic demand?
Answer: Retendering (due to cost revisions) delayed execution but pent-up demand remains. Transmission line/substation additions lag targets, but tenders are refloating with higher budgets. Railways, renewables, and defense sectors support growth.

Q7: What is the growth outlook for Wires, and is there industry overcapacity?
Answer: Wires grew 46% YoY (9M FY25) via expanded distribution (67% growth). Capacity isn't a constraint; APAR focuses on high-quality products and B2B channels. The segment targets INR 350+ crore revenue in FY25.

Q8: How are you addressing Chinese competition in Australia/Africa/Latam?
Answer: Chinese pricing advantages (subsidized aluminum) are temporary. APAR prioritizes margins over volume in competitive markets, redirecting capacity to domestic demand. Sustainability of China's pricing is doubted.

Q9: What is the U.S. cable opportunity size and approval progress?
Answer: The U.S. imports ~$20 billion cables annually. APAR addresses ~50% of this (UL-approved products). Utility approvals are in early stages (300+ utilities, 25"“30 large ones), with reps and demos ongoing.

Q10: Is Q3 FY25 the margin bottom, and what's the FY26 outlook?
Answer: Margins should improve with U.S. recovery, premium product execution, and cost initiatives. Guidance: Cables (25% revenue growth), Conductors (10% volume growth), and Oils (5"“8% volume growth). Industry 4.0 adoption may boost productivity.

Investor Care
Dividend Yield	0.84%
Dividend/Share (TTM)	51
Shares Dilution (1Y)	0.00%
Diluted EPS (TTM)	203.21

Financial Health
Current Ratio	1.51
Debt/Equity	0.11
Debt/Cashflow	-0.6

Cash Flow for Apar Industries

Standalone figures (in Rs. Crores) / View Consolidated Data

Description	(%) Q/Q	Mar-2024	Mar-2023	Mar-2022
Finance costs	83.4%	267	146	63
Change in inventories	61.1%	-181.91	-469.2	-512.54
Depreciation	12.1%	103	92	87
Unrealised forex losses/gains	-65.6%	12	33	13
Adjustments for interest income	-	8.11	0	6.14
Net Cashflows from Operations	-99.3%	6.65	788	307
Income taxes paid (refund)	14.8%	242	211	88
Net Cashflows From Operating Activities	-141.1%	-235.47	577	218
Cashflows used in obtaining control of subsidiaries	14.6%	4.21	3.8	0
Proceeds from sales of PPE	1946.2%	3.66	1.13	1.22
Purchase of property, plant and equipment	43.9%	332	231	115
Proceeds from sales of investment property	-	57	0	0
Purchase of investment property	-105.9%	0	18	0
Purchase of intangible assets	-	0	0	0.6
Interest received	-	11	0	0
Net Cashflows From Investing Activities	-4.3%	-263.56	-252.6	-76.08
Proceeds from issuing shares	-	983	0	0
Proceeds from borrowings	242.9%	193	57	22
Repayments of borrowings	152.6%	97	39	21
Payments of lease liabilities	-125.6%	0	4.91	2.99
Dividends paid	171.4%	153	57	36
Interest paid	133%	269	116	43
Net Cashflows from Financing Activities	505%	650	-159.26	-82.43
Effect of exchange rate on cash eq.	40.5%	0.12	-0.48	-0.65
Net change in cash and cash eq.	-8.5%	151	165	59

Consolidated figures (in Rs. Crores) / View Standalone Data

Description	(%) Q/Q	Mar-2024	Mar-2023	Mar-2022
Finance costs	83.1%	283	155	67
Change in inventories	32.3%	-287.09	-424.4	-575.96
Depreciation	11.7%	116	104	98
Unrealised forex losses/gains	-65.6%	12	33	13
Adjustments for interest income	-	8.3	0	6.27
Net Cashflows from Operations	-104%	-35.91	917	335
Income taxes paid (refund)	12.8%	247	219	91
Net Cashflows From Operating Activities	-140.8%	-283.29	698	244
Cashflows used in obtaining control of subsidiaries	0%	3.8	3.8	0
Proceeds from sales of PPE	-61.5%	1.05	1.13	1.22
Purchase of property, plant and equipment	33.6%	331	248	130
Proceeds from sales of investment property	-	54	0	0
Purchase of investment property	-105.9%	0	18	0
Purchase of intangible assets	-	0	0	0.44
Interest received	-	11	0	0
Net Cashflows From Investing Activities	0.3%	-268.14	-268.94	-90.61
Proceeds from issuing shares	-	983	0	0
Proceeds from borrowings	236.8%	193	58	4.44
Repayments of borrowings	67.9%	90	54	21
Payments of lease liabilities	-111.1%	0	10	5.59
Dividends paid	171.4%	153	57	36
Interest paid	138.7%	285	120	47
Net Cashflows from Financing Activities	442.6%	635	-184.06	-106.35
Effect of exchange rate on cash eq.	166.7%	1.46	0.31	-0.65
Net change in cash and cash eq.	-65.7%	85	246	46

Ticker	Name	Mkt Cap	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
HAVELLS	Havells IndiaConsumer Electronics	97.9 kCr	20.99 kCr	+3.39%	-6.36%	69.93	4.66	+15.14%	+18.43%
CGPOWER	CG Power and Industrial SolutionsHeavy Electrical Equipment	94.87 kCr	9.49 kCr	-0.48%	+13.03%	101.74	10	+21.08%	-42.44%
POLYCAB	Polycab IndiaCables - Electricals	82.13 kCr	21.23 kCr	+3.30%	-5.74%	44.05	3.87	+24.92%	+11.16%
BHEL	Bharat Heavy ElectricalsHeavy Electrical Equipment	78.29 kCr	28.08 kCr	+5.76%	-23.19%	150.82	2.79	+15.26%	+533.35%
KEI	KEI IndustriesCables - Electricals	29.02 kCr	9.19 kCr	+5.46%	-24.06%	45.46	3.16	+18.15%	+15.99%

APARINDS - Apar Industries Ltd Share Price

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