Electrical Equipment
Valuation | |
|---|---|
| Market Cap | 29.77 kCr |
| Price/Earnings (Trailing) | 31.68 |
| Price/Sales (Trailing) | 1.43 |
| EV/EBITDA | 16.41 |
| Price/Free Cashflow | 45.07 |
| MarketCap/EBT | 23.41 |
| Enterprise Value | 30.05 kCr |
Fundamentals | |
|---|---|
Growth & Returns | |
|---|---|
| Price Change 1W | -9.5% |
| Price Change 1M | -15.7% |
| Price Change 6M | -16.8% |
| Price Change 1Y | -26.2% |
| 3Y Cumulative Return | 63.2% |
| 5Y Cumulative Return | 80.7% |
| 7Y Cumulative Return | 42.5% |
| 10Y Cumulative Return | 31.7% |
| Revenue (TTM) |
| 20.85 kCr |
| Rev. Growth (Yr) | 22.8% |
| Earnings (TTM) | 939.49 Cr |
| Earnings Growth (Yr) | 29.8% |
Profitability | |
|---|---|
| Operating Margin | 6% |
| EBT Margin | 6% |
| Return on Equity | 19.36% |
| Return on Assets | 8.3% |
| Free Cashflow Yield | 2.22% |
Cash Flow & Liquidity |
|---|
| Cash Flow from Investing (TTM) | -704.79 Cr |
| Cash Flow from Operations (TTM) | 1.29 kCr |
| Cash Flow from Financing (TTM) | -482.9 Cr |
| Cash & Equivalents | 309.39 Cr |
| Free Cash Flow (TTM) | 780.87 Cr |
| Free Cash Flow/Share (TTM) | 194.4 |
Balance Sheet | |
|---|---|
| Total Assets | 11.31 kCr |
| Total Liabilities | 6.46 kCr |
| Shareholder Equity | 4.85 kCr |
| Current Assets | 9.05 kCr |
| Current Liabilities | 6.05 kCr |
| Net PPE | 1.44 kCr |
| Inventory | 3.36 kCr |
| Goodwill | 0.00 |
Capital Structure & Leverage | |
|---|---|
| Debt Ratio | 0.05 |
| Debt/Equity | 0.12 |
| Interest Coverage | 2.09 |
| Interest/Cashflow Ops | 4.19 |
Dividend & Shareholder Returns | |
|---|---|
| Dividend/Share (TTM) | 51 |
| Dividend Yield | 0.69% |
| Shares Dilution (1Y) | 0.00% |
| Shares Dilution (3Y) | 5% |
Past Returns: Outperforming stock! In past three years, the stock has provided 63.2% return compared to 12.5% by NIFTY 50.
Size: Market Cap wise it is among the top 20% companies of india.
Technicals: Bullish SharesGuru indicator.
Growth: Awesome revenue growth! Revenue grew 21% over last year and 79.7% in last three years on TTM basis.
Buy Backs: Company has bought back it's stock in the past which is a good thing.
Balance Sheet: Strong Balance Sheet.
Insider Trading: Significant insider selling noticed recently.
Momentum: Stock is suffering a negative price momentum. Stock is down -15.7% in last 30 days.
Smart Money: Smart money is losing interest in the stock.
Past Returns: Outperforming stock! In past three years, the stock has provided 63.2% return compared to 12.5% by NIFTY 50.
Size: Market Cap wise it is among the top 20% companies of india.
Technicals: Bullish SharesGuru indicator.
Growth: Awesome revenue growth! Revenue grew 21% over last year and 79.7% in last three years on TTM basis.
Buy Backs: Company has bought back it's stock in the past which is a good thing.
Balance Sheet: Strong Balance Sheet.
Insider Trading: Significant insider selling noticed recently.
Momentum: Stock is suffering a negative price momentum. Stock is down -15.7% in last 30 days.
Smart Money: Smart money is losing interest in the stock.
Investor Care | |
|---|---|
| Dividend Yield | 0.69% |
| Dividend/Share (TTM) | 51 |
| Shares Dilution (1Y) | 0.00% |
| Earnings/Share (TTM) | 233.89 |
Financial Health | |
|---|---|
| Current Ratio | 1.5 |
| Debt/Equity | 0.12 |
Technical Indicators | |
|---|---|
| RSI (14d) | 2.25 |
| RSI (5d) | 2.3 |
| RSI (21d) | 13.93 |
| MACD Signal | Sell |
| Stochastic Oscillator Signal | Buy |
| SharesGuru Signal | Buy |
| RSI Signal | Buy |
| RSI5 Signal | Buy |
| RSI21 Signal | Buy |
| SMA 5 Signal | Sell |
| SMA 10 Signal |
Updated May 5, 2025
The company faces risks associated with COVID-19 impacts which could affect its operations and growth.
Commodity price volatility poses a significant risk to APAR Industries' profitability and cost management.
The uncertain global economic landscape continues to challenge the company's performance.
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.
The management of APAR Industries Limited provided an optimistic outlook during the Q2 FY'26 earnings call. They highlighted that the consolidated revenue for Q2 FY'26 reached Rs.5,715 crores, marking a 23.1% year-on-year growth. The company reported a significant rise in exports, with a 43% increase contributing to 34.7% of the consolidated revenue in this quarter. The EBITDA subsequently grew by 24% year-on-year to Rs.499 crores, with an EBITDA margin of 8.7%. Profit after tax was Rs.252 crores, reflecting a 30% increase compared to the previous year.
Looking ahead, the management emphasized some key points:
Overall, management conveyed confidence in recovery and growth prospects, supported by fundamental drivers in renewable energy, despite facing near-term challenges.
Understand Apar Industries ownership landscape with insights into key distribution patterns, offering investors a clear view of stakeholder dynamics.
| 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 A/C Axis Mutual Fund A/C Axis Midcap Fund | 4.58% |
| Kotak Midcap Fund | 2.92% |
| Motilal Oswal Large And Midcap Fund | 2.43% |
Detailed comparison of Apar Industries against industry peers, highlighting key financial metrics, valuation ratios, and performance indicators to provide competitive context within the sector.
Ticker | Name | Mkt Cap | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|---|
| POLYCAB | Polycab India | 1.07 LCr | 27.23 kCr | +0.60% | +6.80% | 43.52 | 4.32 | - | - |
| BHEL | Bharat Heavy Electricals | 92.41 kCr | 29.87 kCr |
Comprehensive comparison against sector averages
APARINDS metrics compared to Electrical
| Category | APARINDS | Electrical |
|---|---|---|
| PE | 31.97 | 28.48 |
| PS | 1.44 | 2.04 |
| Growth | 21 % | 18 % |
Apar Industries is a prominent company in the electrical equipment sector, listed under the stock ticker APARINDS. With a market capitalization of Rs. 22,506.3 Crores, it operates both in India and internationally.
The company specializes in electrical and metallurgical engineering, offering a diverse range of products and services through several segments:
Apar Industries provides various transformer oils, including naphthenic and iso-paraffinic grades, and produces liquid paraffins used in multiple industries such as cosmetics, food packaging, and personal care. Their product line extends to:
Additionally, the company offers lubricants, vehicle care services, and specialty automotive products. Founded in 1958 and headquartered in Mumbai, India, Apar Industries has a significant annual revenue of Rs. 17,942.6 Crores.
The company demonstrates a commitment to its investors by distributing dividends, currently yielding 0.84% annually, with a recent dividend payout of Rs. 51 per share. Despite a dilution of shareholders by 5% over the past three years, Apar Industries has shown substantial revenue growth of 117.7% in the same period, highlighting its ongoing investment in expanding its operations and offerings.
This is an informational page just to provide a quick 'first look' at the stock. You must do your own deeper research. Know your risk appetite. Consult a SEBI-registered financial advisor before making any investment decisions.
| SMA 20 Signal | Sell |
| SMA 50 Signal | Sell |
| SMA 100 Signal | Sell |
APARINDS vs Electrical (2021 - 2026)
APAR Industries achieved a 19% year-on-year growth in PAT for FY21, showcasing its resilience.
Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 • 12 Jan 2026 Submission of Certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the Quarter ended December 31, 2025 |
Change in Management • 15 Dec 2025 Intimation of Resignation of Senior Management Personnel of the Company |
Change in Management • 12 Dec 2025 Intimation of Resignation of Senior Management Personnel of the Company |
Newspaper Publication • 11 Dec 2025 Newspaper Publication for publicizing special window for
Re-lodgement of Transfer Requests for Physical Shares. |
Change in Management • 04 Dec 2025 Intimation regarding Appointment of Senior Management Personnel |
• 06 Nov 2025 |
This information is AI-generated and may contain inaccuracies. Please verify from multiple sources.
1. Umesh Raut: What are the guidance updates for EBITDA per ton in the conductor segment considering recent performance?
Ramesh Iyer: We will maintain our guidance at Rs. 30,000 per metric ton despite our recent performance, which has shown figures closer to Rs. 35,000 to Rs. 40,000 per ton. This is due to the product mix and execution fluctuations, thus we retain our guidance for stability.
2. Umesh Raut: How do you see demand shaping up in the second half of FY'26 for the domestic market?
Chaitanya Desai: The second half traditionally improves due to fewer weather-related setbacks, and we expect to catch up on previously delayed projects. Demand may be affected by aluminum price volatility, leading some customers to delay orders.
3. Amit Anwani: What impact have rising metal prices had on orders, and is there an effect on gross margins?
Kushal Desai: Orders are on hold due to rising metal prices as customers await potential price corrections. However, we operate a fully hedged book, so there shouldn't be an impact on gross margins.
4. Amit Anwani: Can you provide clarity on the expected revenue impact from tariffs in the U.S. market?
Kushal Desai: The order inflow was severely impacted during August-September due to tariffs; however, we've started seeing a return of demand in Q3, though revenues will only realize later due to timelines for project completions.
5. Nitin Arora: Do you foresee challenges in domestic growth given the current state of project executions and backlog?
Kushal Desai: We don't anticipate significant challenges. Right-of-way issues have slowed progress, but with the upcoming construction season and backlog, we expect demand to pick up significantly.
6. Achal Lohade: Regarding reconductoring opportunities, how significant do you see this segment's growth?
Kushal Desai: Reconductoring is a cost-effective and quicker solution compared to new lines, with increasing demand expected due to resource constraints in India. The government is currently developing a national reconductoring plan, indicating strong growth potential.
7. Amitoj: What has been the Capex incurred so far and expected revenue increases from cable division investment?
Ramesh Iyer: We've incurred about Rs. 400 crores in Capex thus far. The Rs. 800 crores in cable division Capex is projected to enhance our revenue capacity to approximately Rs. 10,000 crores.
These summarized Q&A interactions encapsulate the major concerns expressed by analysts during APAR Industries' Q2 FY'26 earnings call, emphasizing guidance updates, demand outlook, and financial health amidst market fluctuations.
| Icici Prudential Midcap Fund | 1.9% |
| 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 Yuvraj Mehra | 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% |
| Noopur Kushal Desai | 0.01% |
| Jinisha C. Desai | 0.01% |
| Maithili N. Desai | 0% |
| Rana Biswas | 0% |
| Hansa Mehta | 0% |
Distribution across major stakeholders
Distribution across major institutional holders
| -4.50% |
| +26.00% |
| 164.84 |
| 3.09 |
| - |
| - |
| HAVELLS | Havells India | 89.45 kCr | 21.96 kCr | +2.10% | -8.50% | 61.13 | 4.07 | - | - |
| CGPOWER | CG Power and Industrial Solutions | 88.45 kCr | 9.99 kCr | -16.20% | -10.40% | 91.41 | 8.85 | - | - |
| KEI | KEI Industries | 41.78 kCr | 10.83 kCr | +6.40% | +6.40% | 52.42 | 3.86 | - | - |
| 13.1% |
| 5,402 |
| 4,776 |
| 4,887 |
| 4,512 |
| 4,421 |
| 3,756 |
| Profit Before exceptional items and Tax | -3.4% | 341 | 353 | 340 | 239 | 257 | 270 |
| Exceptional items before tax | - | 0 | 0 | 0 | 0 | 0 | 0 |
| Total profit before tax | -3.4% | 341 | 353 | 340 | 239 | 257 | 270 |
| Current tax | -1.1% | 89 | 90 | 85 | 67 | 64 | 69 |
| Deferred tax | -1.6% | -0.3 | -0.28 | 5.51 | -3.11 | -1.28 | -1.45 |
| Total tax | -1.1% | 89 | 90 | 90 | 64 | 63 | 68 |
| Total profit (loss) for period | -4.2% | 252 | 263 | 250 | 175 | 194 | 203 |
| Other comp. income net of taxes | 258.9% | 23 | 7.13 | 13 | -43.28 | 12 | 27 |
| Total Comprehensive Income | 1.9% | 275 | 270 | 263 | 132 | 206 | 229 |
| Earnings Per Share, Basic | -4.3% | 62.66 | 65.45 | 62.23 | 43.55 | 48.27 | 50.42 |
| Earnings Per Share, Diluted | -4.4% | 62.55 | 65.39 | 62.23 | 43.55 | 48.27 | 50.42 |
| 15.7% |
| 310 |
| 268 |
| 206 |
| 160 |
| 150 |
| 160 |
| Finance costs | 6.8% | 391 | 366 | 291 | 135 | 129 | 219 |
| Depreciation and Amortization | 15.7% | 119 | 103 | 92 | 87 | 85 | 79 |
| Other expenses | 8.5% | 1,893 | 1,745 | 2,078 | 1,279 | 946 | 1,019 |
| Total Expenses | 17.6% | 16,584 | 14,099 | 12,401 | 8,317 | 5,802 | 6,897 |
| Profit Before exceptional items and Tax | -2.4% | 1,073 | 1,099 | 810 | 316 | 185 | 172 |
| Total profit before tax | -2.4% | 1,073 | 1,099 | 810 | 316 | 185 | 172 |
| Current tax | -2.4% | 280 | 287 | 214 | 81 | 52 | 46 |
| Deferred tax | 87.4% | -0.45 | -10.49 | -6.73 | 1.34 | -4.07 | -13 |
| Total tax | 1.1% | 279 | 276 | 207 | 82 | 48 | 33 |
| Total profit (loss) for period | -3.5% | 794 | 823 | 603 | 234 | 137 | 139 |
| Other comp. income net of taxes | 117.7% | 4.89 | -20.95 | -70.86 | 92 | 80 | -87.58 |
| Total Comprehensive Income | -0.4% | 799 | 802 | 532 | 325 | 217 | 51 |
| Earnings Per Share, Basic | -6.7% | 197.59 | 211.63 | 157.48 | 61.04 | 35.75 | 36.32 |
| Earnings Per Share, Diluted | -6.7% | 197.59 | 211.63 | 157.48 | 61.04 | 35.75 | 36.32 |
| 191% |
| 356 |
| 123 |
| 184 |
| 121 |
| 152 |
| 99 |
| Non-current investments | 0% | 15 | 15 | 9.68 | 9.68 | 5.47 | 5.47 |
| Loans, non-current | 279.3% | 3.2 | 1.58 | 2.23 | 2.29 | 1.44 | 2.51 |
| Total non-current financial assets | -21.1% | 113 | 143 | 37 | 36 | 78 | 46 |
| Total non-current assets | 17.2% | 2,115 | 1,805 | 1,584 | 1,293 | 1,198 | 1,043 |
| Total assets | -0.4% | 10,733 | 10,771 | 9,584 | 8,990 | 7,767 | 7,605 |
| Borrowings, non-current | -12.1% | 262 | 298 | 0 | 334 | 246 | 151 |
| Total non-current financial liabilities | -9.3% | 331 | 365 | 394 | 363 | 269 | 171 |
| Provisions, non-current | 18.8% | 20 | 17 | 16 | 14 | 11 | 12 |
| Total non-current liabilities | -4.7% | 367 | 385 | 420 | 378 | 301 | 205 |
| Borrowings, current | 91.8% | 329 | 172 | 99 | 67 | 98 | 155 |
| Total current financial liabilities | -3.1% | 5,402 | 5,577 | 4,760 | 4,610 | 4,835 | 5,092 |
| Provisions, current | -36% | 2.46 | 3.28 | 28 | 3.53 | 8.18 | 2.03 |
| Current tax liabilities | 4% | 27 | 26 | 173 | 94 | 54 | 37 |
| Total current liabilities | -5.9% | 5,737 | 6,095 | 5,261 | 4,917 | 5,173 | 5,341 |
| Total liabilities | -5.8% | 6,104 | 6,480 | 5,681 | 5,295 | 5,474 | 5,545 |
| Equity share capital | 0% | 40 | 40 | 40 | 40 | 38 | 38 |
| Total equity | 7.9% | 4,630 | 4,292 | 3,903 | 3,696 | 2,293 | 2,060 |
| Total equity and liabilities | -0.4% | 10,733 | 10,771 | 9,584 | 8,990 | 7,767 | 7,605 |
| 11.6% |
| 270 |
| 242 |
| 211 |
| 88 |
| - |
| - |
| Net Cashflows From Operating Activities | 623.1% | 1,238 | -235.47 | 577 | 218 | - | - |
| Cashflows used in obtaining control of subsidiaries | 19.3% | 4.83 | 4.21 | 3.8 | 0 | - | - |
| Proceeds from sales of PPE | -30.8% | 2.84 | 3.66 | 1.13 | 1.22 | - | - |
| Purchase of property, plant and equipment | 52.6% | 506 | 332 | 231 | 115 | - | - |
| Proceeds from sales of investment property | -101.8% | 0 | 57 | 0 | 0 | - | - |
| Purchase of investment property | - | 196 | 0 | 18 | 0 | - | - |
| Purchase of intangible assets | - | 0 | 0 | 0 | 0.6 | - | - |
| Interest received | -54.2% | 5.58 | 11 | 0 | 0 | - | - |
| Net Cashflows From Investing Activities | -164.5% | -698.86 | -263.56 | -252.6 | -76.08 | - | - |
| Proceeds from issuing shares | -100.1% | 0 | 983 | 0 | 0 | - | - |
| Proceeds from borrowings | -92.2% | 16 | 193 | 57 | 22 | - | - |
| Repayments of borrowings | -101% | 0.04 | 97 | 39 | 21 | - | - |
| Payments of lease liabilities | - | 12 | 0 | 4.91 | 2.99 | - | - |
| Dividends paid | 34.2% | 205 | 153 | 57 | 36 | - | - |
| Interest paid | -4.5% | 257 | 269 | 116 | 43 | - | - |
| Net Cashflows from Financing Activities | -170.5% | -456.68 | 650 | -159.26 | -82.43 | - | - |
| Effect of exchange rate on cash eq. | -129.5% | -1.02 | 0.12 | -0.48 | -0.65 | - | - |
| Net change in cash and cash eq. | -46.7% | 81 | 151 | 165 | 59 | - | - |
Earnings Call Transcript • 06 Nov 2025 Submission of Transcript of the analysts and investors conference call on Un-audited Financial Results (Standalone & Consolidated) on Q2FY26 (2025-2026) |
Analysis of Apar Industries's financial performance, highlighting revenue trends, growth patterns, and key metrics through quarterly analysis.
Last Updated: Sep 30, 2025
| Description | Share | Value |
|---|---|---|
| Conductors | 51.6% | 3.1 kCr |
| Power / Telecom cables | 25.5% | 1.5 kCr |
| Transformer and speciality oils | 22.3% | 1.3 kCr |
| Others | 0.6% | 33.4 Cr |
| Total | 6 kCr |