High Scoring Large Cap stocks have outperformed low scoring stocks by 90% over last 4 years
Buy Backs: Company has bought back it's stock in the past which is a good thing.
Past Returns: Outperforming stock! In past three years, the stock has provided 55.3% return compared to 7% by NIFTY 50.
Balance Sheet: Reasonably good balance sheet.
Smart Money: Smart money is taking extra interest in the stock as they increase their holdings.
Growth: Awesome revenue growth! Revenue grew 23.1% over last year and 59.8% in last three years on TTM basis.
Size: It is among the top 200 market size companies of india.
Momentum: Stock has a weak negative price momentum.
Valuation | |
|---|---|
| Market Cap | 55.63 kCr |
| Price/Earnings (Trailing) | 56.94 |
| Price/Sales (Trailing) | 2.42 |
| EV/EBITDA | 29.24 |
| Price/Free Cashflow | 240.81 |
| MarketCap/EBT | 42.47 |
| Enterprise Value | 55.8 kCr |
Fundamentals | |
|---|---|
| Revenue (TTM) | 22.99 kCr |
| Rev. Growth (Yr) | 26.7% |
| Earnings (TTM) | 976.98 Cr |
| Earnings Growth (Yr) | 1.4% |
Profitability | |
|---|---|
| Operating Margin | 6% |
| EBT Margin | 6% |
| Return on Equity | 18.11% |
| Return on Assets | 7.13% |
| Free Cashflow Yield | 0.42% |
Growth & Returns | |
|---|---|
| Price Change 1W | 1.9% |
| Price Change 1M | -14.9% |
| Price Change 6M | 92% |
| Price Change 1Y | 49.6% |
| 3Y Cumulative Return | 55.3% |
| 5Y Cumulative Return | 89.5% |
| 7Y Cumulative Return | 59.7% |
| 10Y Cumulative Return | 38.7% |
Cash Flow & Liquidity | |
|---|---|
| Cash Flow from Investing (TTM) | -558.08 Cr |
| Cash Flow from Operations (TTM) | 967.67 Cr |
| Cash Flow from Financing (TTM) | -433.91 Cr |
| Cash & Equivalents | 668.72 Cr |
| Free Cash Flow (TTM) | 231.01 Cr |
| Free Cash Flow/Share (TTM) | 57.51 |
Balance Sheet | |
|---|---|
| Total Assets | 13.71 kCr |
| Total Liabilities | 8.32 kCr |
| Shareholder Equity | 5.39 kCr |
| Current Assets | 11.2 kCr |
| Current Liabilities | 7.73 kCr |
| Net PPE | 1.61 kCr |
| Inventory | 4.15 kCr |
| Goodwill | 0.00 |
Capital Structure & Leverage | |
|---|---|
| Debt Ratio | 0.06 |
| Debt/Equity | 0.16 |
| Interest Coverage | 2 |
| Interest/Cashflow Ops | 3.21 |
Dividend & Shareholder Returns | |
|---|---|
| Dividend/Share (TTM) | 51 |
| Dividend Yield | 0.54% |
| Shares Dilution (1Y) | 0.00% |
| Shares Dilution (3Y) | 5% |
Buy Backs: Company has bought back it's stock in the past which is a good thing.
Past Returns: Outperforming stock! In past three years, the stock has provided 55.3% return compared to 7% by NIFTY 50.
Balance Sheet: Reasonably good balance sheet.
Smart Money: Smart money is taking extra interest in the stock as they increase their holdings.
Growth: Awesome revenue growth! Revenue grew 23.1% over last year and 59.8% in last three years on TTM basis.
Size: It is among the top 200 market size companies of india.
Momentum: Stock has a weak negative price momentum.
Investor Care | |
|---|---|
| Dividend Yield | 0.54% |
| Dividend/Share (TTM) | 51 |
| Shares Dilution (1Y) | 0.00% |
| Earnings/Share (TTM) | 243.21 |
Financial Health | |
|---|---|
| Current Ratio | 1.45 |
| Debt/Equity | 0.16 |
Technical Indicators | |
|---|---|
| RSI (14d) | 41.9 |
| RSI (5d) | 61.98 |
| RSI (21d) | 33.43 |
| MACD Signal | Sell |
| Stochastic Oscillator Signal | Hold |
| SharesGuru Signal | Sell |
| RSI Signal | Hold |
| RSI5 Signal | Hold |
| RSI21 Signal | Hold |
| SMA 5 Signal | Sell |
| SMA 10 Signal | Sell |
| SMA 20 Signal | Sell |
| SMA 50 Signal | Sell |
| SMA 100 Signal | Sell |
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.
In the recent earnings call, APAR Industries management provided an optimistic outlook while acknowledging certain challenges. Consolidated revenue for Q3 FY '26 amounted to INR 5,480 crores, a 16.2% increase year-on-year, driven by a 30% growth in domestic revenues. However, exports fell by 11.2%, now comprising 25.6% of total revenue due to the U.S. tariff situation affecting order bookings.
Key forward-looking points include:
Strong Order Book: The total order book stands at INR 7,396 crores, with exports contributing about 32%. Approximately INR 500 crores in new orders were secured in Q3, primarily in the U.S.
Profitability Metrics: EBITDA rose by 20.4% to INR 483 crores, with margins stable at 8.8%. The profit after tax improved to INR 209 crores, reflecting a year-on-year increase of 19.4%.
Segment Performance:
Future Expectations:
Capex Plans: Capital expenditures amounting to INR 1,400 crores are on track, with plans for further premium product development and capacity expansion.
Overall, APAR Industries' management remains confident in maintaining growth trajectories across its segments while navigating current geopolitical and market challenges.
1. Question: "Sir, first question on the kind of positive surprise on the EBITDA per ton of INR44,000 and I can see on a 9-month basis, we have done roughly about INR42,000. Just wanted to understand you have highlighted better product mix."
Answer: "The improved EBITDA per ton is largely due to an increase in the premium product mix, which is now at 44%. This premiumization has significantly boosted our margins. Although the U.S. market faced challenges, enhancements in our portfolio and a push towards premium products have been pivotal. For volume growth in Q4, we project an increase of about 8% to 9%, which aligns with the trends we've observed so far."
2. Question: "So is it fair to assume that since premium is doing fairly well and contributing largely from the domestic market, are you revising your guidance of INR30,000-plus for sustainable EBITDA per ton?"
Answer: "For now, we maintain our previous guidance of INR30,000-plus for sustainable EBITDA per ton. While the premium mix offers some tailwinds, various macroeconomic challenges could affect this. Therefore, we prefer to stick to earlier estimates until we see stable conditions."
3. Question: "In terms of commodity impact, how should we interpret it? Is the high commodity price causing customers to delay projects?"
Answer: "Yes, some clients are indeed postponing projects due to high commodity prices. Our model allows for pass-through costs, so we aim to reduce risks. However, if prices escalate further, we could see more delays in orders. Despite this, we expect Q4 will basically meet our original targets unless there's a significant spike."
4. Question: "What is the status now, assuming that the 50% tariff continues? Can we expect normalized business in Q4 or Q1?"
Answer: "Despite the 54% tariff, we've received INR500 crores in orders this quarter. We've had to adjust our prices to facilitate this order flow. U.S. market access remains critical for us, and while adjusting our pricing affects margins, it enables us to maintain relationships and potentially recover margins in the long run."
5. Question: "You mentioned that the U.S. business in H1 was INR1,600 crores, and for the full year, we're looking at equal or greater. Is it correct to assume zero U.S. revenue for H2?"
Answer: "That's not accurate; for Q4, we expect close to INR500 crores in revenue, with significant parts of the current order book to be executed then. We anticipate that H2 will rebound with further discussions for additional business, so it will exceed H1 figures from the last year."
6. Question: "Regarding the FTA between India and EU, how significant is the EU market for conductors and cables?"
Answer: "The EU market is significant, accounting for about 5% of our revenue. As for competition, while it remains a challenge due to preferences for local products, the new trade deal may provide opportunities. We need to thoroughly assess how the specific trade codes impact our products."
7. Question: "Going into FY '27, considering past delays, how do you project volume growth for conductors?"
Answer: "Given the backlog due to transformer delivery delays, we expect improvement thanks to government concessions on import regulations for bushings. Q4 should show demand recovery, and we aim for double-digit growth as these issues are resolved."
8. Question: "What has been the demand trajectory for cables in the domestic market and what factors are driving it?"
Answer: "We've seen robust demand driven by renewable energy, railways, and data centers. We are the main supplier for several large projects, securing growth across segments. Renewables, in particular, are a strong growth driver for our cables business."
9. Question: "Can you describe the ordering environment for cables going into Q4 and FY '27?"
Answer: "Ordering has improved consistently in Q4, and the domestic side remains strong with projects in renewables and infrastructure. Clients are leveraging earlier delays and we anticipate increased activity in FY '27 due to resolution of past issues, positioning us for growth."
10. Question: "What about your new line of business with the INR156 crores order? What does this signify for APAR?"
Answer: "This project involves enhancing safety in railway lines through signaling systems. It's an important step for us as it taps into a larger opportunity within the railway's safety upgrades, as the overall investment in this sector is significant, indicating substantial future potential for our business."
These questions and their respective answers summarize key insights and projections discussed during the earnings call, showcasing management's outlook amidst market challenges.
Analysis of Apar Industries's financial performance, highlighting revenue trends, growth patterns, and key metrics through quarterly analysis.
Last Updated: Mar 31, 2026
| Description | Share | Value |
|---|---|---|
| Conductor | 53.5% | 3.8 kCr |
| Power / Telecom cables | 27.1% | 1.9 kCr |
| Transformer and speciality oils | 18.6% | 1.3 kCr |
| Others | 0.8% | 53.4 Cr |
| Total | 7 kCr |
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 | 4.74% |
| Hdfc Small Cap Fund | 2.9% |
| Kotak Midcap Fund | 2.6% |
| Nippon Life India Trustee Ltd-A/C Nippon India Small Cap Fund | 2.52% |
| Motilal Oswal Large And Midcap Fund | 1.85% |
| Icici Prudential Midcap Fund | 1.61% |
| Hsbc Mutual Fund - Hsbc Midcap Fund | 1.43% |
| Government Pension Fund Global | 1.17% |
| 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% |
Distribution across major stakeholders
Distribution across major institutional holders
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 |
|---|---|---|---|---|---|---|---|---|---|
| BHEL | Bharat Heavy Electricals | 1.45 LCr | 36.84 kCr | +0.20% | +63.00% | 59.4 | 3.92 | - | - |
| CGPOWER | CG Power and Industrial Solutions | 1.44 LCr | 12.66 kCr | -5.00% | +34.60% | 118.81 | 11.39 | - | - |
| POLYCAB | Polycab India | 1.34 LCr | 31.45 kCr | -11.60% | +26.50% | 46.62 | 4.27 | - | - |
| HAVELLS | Havells India | 76.63 kCr | 24.07 kCr | +3.80% | -20.30% | 46.89 | 3.18 | - | - |
| KEI | KEI Industries | 47.56 kCr | 11.91 kCr | -11.70% | +25.20% | 51.76 | 3.99 | - | - |
Comprehensive comparison against sector averages
APARINDS metrics compared to Electrical
| Category | APARINDS | Electrical |
|---|---|---|
| PE | 56.94 | 35.96 |
| PS | 2.42 | 2.72 |
| Growth | 23.1 % | 20.9 % |
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.
APARINDS vs Electrical (2021 - 2026)