Apar Industries Ltd.

NSE: APARINDS · Other Electrical Equipment

52W Range₹6,801 ₹17,157

Snapshot

Unlock Apar Industries Ltd.'s vital signs

Growth · Profitability · Valuation · Strength · Conviction

Company Overview

Business

Apar Industries Limited is a diversified electrical and metallurgical engineering company operating across three primary segments: conductor solutions, specialty oils, and power/telecom cables. The company manufactures a wide range of products including transformer oils, specialty lubricants, high-performance conductors, and polymer compounds for global industrial applications.

Business Model

The company generates revenue through the manufacturing and sale of industrial specialty products, leveraging long-term relationships with utility, automotive, and infrastructure sectors. It operates a B2B model, providing both standardized products and customized engineering solutions across domestic and international markets.

  • Founded:1958

Growth Outlook

Growth is driven by increasing demand for power transmission infrastructure, railway electrification, and the expansion of specialty lubricant applications in the pharmaceutical and automotive sectors. The company continues to focus on export market penetration and the development of high-value specialty polymer compounds.

Key Risks

  • Commodity Price Volatility. Fluctuations in the prices of base oils, copper, and aluminium significantly impact production costs and profit margins.
  • Geopolitical and Export Risk. As a significant exporter, the company is exposed to currency fluctuations, trade barriers, and geopolitical instability in international markets.
  • Infrastructure Spending Dependency. The company's performance is closely tied to government and private sector capital expenditure in power transmission and railway infrastructure.
  • Regulatory Compliance. Stringent environmental and safety regulations regarding chemical and metallurgical manufacturing processes pose ongoing compliance challenges.

Price

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Key Metrics

REVENUE

₹22,902 Cr

TTM · consolidated

+23.3%YoY

NET PROFIT

₹977 Cr

TTM · consolidated

+19.0%YoY

EPS

₹243.21

TTM · consolidated

+18.9%YoY

RETURN ON EQUITY

20.7%

TTM · consolidated

+0.3 ppYoY

RETURN ON CAPITAL EMPLOYED

33.6%

TTM · consolidated

-0.4 ppYoY

P/E

58.4x

Q4 FY26 · consolidated

58.4 vs 114.8x5Y avg

EV/EBITDA

29.5x

Q4 FY26 · consolidated

29.5 vs 56.3x5Y avg

EBITDA MARGIN

8.5%

TTM · consolidated

-0.4 ppYoY

NET PROFIT MARGIN

3.8%

Q4 FY26 · consolidated

-1.0 ppYoY

DEBT TO EQUITY

0.2x

Q4 FY26 · consolidated

+0.06xYoY

Peers · Other Electrical Equipment

CompanyMkt Cap (Cr)P/EEV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
Apar Industries Ltd.APARINDS
39,67258.4129.4923.3%8.5%20.7%33.6%+57.6%
Premier Energies Ltd.PREMIERENE
39,80232.7820.0733.0%47.3%42.9%+2.2%
Emmvee Photovol.EMMVEE
15,66434.0%
Waaree Renewable Technologies Ltd.WAAREERTL
8,61221.8515.84108.5%19.9%83.2%101.8%-16.6%
Genus Power Infrastructures LimitedGENUSPOWER
7,17815.3011.2994.5%20.7%30.3%33.2%-14.6%
Vikram Solar Ltd.VIKRAMSOLR
6,83814.127.3120.3%14.9%21.5%

As of Q4 FY26

Financials