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Apar Industries Limited (APARINDS.NS)

INR14,136.00 +541.00 (+3.98%)
IN NSE Industrials Electrical Equipment & Parts
Address Apar House, Building No. 4&5 400071
Mumbai, IN
CEO Kushal Narendra Desai
Website apar.com
IPO 2004-07-12
ISIN INE372A01015

Explore sections of this company profile

Also trades on Bombay Stock Exchange · APARINDS.BO (INR) National Stock Exchange of India · APARINDS.NS (INR)
Description

Apar Industries Limited, an Indian enterprise established in Mumbai in 1958, operates primarily in the electrical and metallurgical engineering sectors, offering a diverse array of products globally. The company is a key producer of various oils and petroleum derivatives, including naphthenic and iso-paraffinic transformer oils; liquid paraffins widely used in medical, cosmetic, food, and personal care applications; and petroleum jelly for pharmaceuticals, personal care, and industrial purposes. They also provide a range of process and base oils for industries such as rubber, plastics, metalworking, and general manufacturing, alongside automotive and industrial lubricants, and specialty automotive products like batteries. In the realm of electrical transmission and connectivity, Apar Industries manufactures a comprehensive suite of conductors, including CTC/PICC, railway overhead, T&D overhead, and optical ground wires. Their offerings extend to aluminum, alloy, and copper rods, wires, busbars, and strips, complemented by full turnkey solutions. The company's cable division produces various electrical, elastomer, E-beam, light-duty, and fiber optic cables, alongside specialized cable products and services. Furthermore, Apar Industries develops advanced polymer compounds under its "Aparprene" brand, which include thermoplastic elastomers, thermoplastic vulcanizates, zero halogen flame-retardant materials, and other customizable polymer solutions. Headquartered in Mumbai, India, the company maintains a robust international presence, exporting its wide-ranging product line to numerous countries across the globe.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
INR14,136.00 +541.00 (+3.98%)
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Volume Profile
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Liquidity & share structure
Average Volume
146.4K
Beta
0.04
Float Shares
16.84M
Free Float %
41.9%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-2.82% +1.68% +5.81% +16.70% +42.45% +55.94% +61.88% +369.46% +2,344.59% +2,579.81% +36,758.76%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
14,136.00
DCF (Unlevered) 12,731.68 -9.9%
DCF (Levered) 5,491.72 -61.2%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 70% Bullish
Rating 2026-05 Change
Strong Buy 2 0
Buy 5 0
Hold 3 +3
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
6.21
Safe zone
Piotroski F-Score
4 / 9
Average
MOAT Score
5 / 10
Developing
Composite Rating
B+
Overall Score
3 / 5
Medium
DCF Score
3 / 5
Medium
ROE Score
5 / 5
High
ROA Score
5 / 5
High
D/E Score
3 / 5
Medium
P/E Score
2 / 5
Medium
P/Book Score
1 / 5
Low
Operational MOAT
✗ Below peers
  • Revenue growth Electrical Equipment & Parts: +13.1%
    +23.3% Q1'26: +26.7% (vs Q1'25)
  • EPS growth Electrical Equipment & Parts: +22.4%
    +18.8% Q1'26: +1.2% (vs Q1'25)
  • FCF margin FCF growth · Electrical Equipment & Parts: +27.2%
    +2.0% Q1'26: -3.6% (vs Q1'25)
  • EBIT margin Electrical Equipment & Parts: +8.2%
    +7.5% Q1'26: +6.9% (vs Q1'25)
  • ROIC Electrical Equipment & Parts: +6.4%
    +23.0% Q1'26: +25.1% (vs Q1'25)
  • Share dilution Electrical Equipment & Parts: +0.0%
    +0.2% Q1'26: +0.2% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Electrical Equipment & Parts: -0.54×
    0.51× Q1'26: 0.48× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.05) × ERP
WACC = 98% × Ke + 2% × Kd (45.8%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 12,717.90 Current price: 14,136.00
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Mar 2006
actual
Mar 2014
actual
Mar 2015
actual
Mar 2016
actual
Mar 2017
actual
Mar 2018
actual
Mar 2019
actual
Mar 2020
actual
Mar 2021
actual
Mar 2022
actual
Mar 2023
actual
Mar 2024
actual
Mar 2025
actual
Mar 2026
7 Rev. Ana.
6 EPS Ana.
Mar 2027
5 Rev. Ana.
5 EPS Ana.
Mar 2028
7 Rev. Ana.
7 EPS Ana.
Mar 2029
2 Rev. Ana.
2 EPS Ana.
Mar 2030
1 Rev. Ana.
1 EPS Ana.
Revenue
8.74B
est: 10.89B (-19.7%)
46.32B
est: 42.84B (+8.1%)
51.22B
est: 51.38B (-0.3%)
50.78B
est: 51.17B (-0.7%)
48.32B
est: 49.71B (-2.8%)
58.19B
est: 54.43B (+6.9%)
79.64B
est: 73.95B (+7.7%)
74.25B
est: 82.26B (-9.7%)
63.88B
est: 65.58B (-2.6%)
93.17B
est: 91.04B (+2.3%)
143.36B
est: 141.86B (+1.1%)
161.53B
est: 163.96B (-1.5%)
185.81B
est: 185.94B (-0.1%)
226.02B
222.91B – 231.67B
+21.6% YoY
269.40B
260.49B – 277.54B
+19.2% YoY
313.99B
291.80B – 331.51B
+16.6% YoY
356.38B
337.46B – 372.00B
+13.5% YoY
369.50B
349.88B – 385.70B
+3.7% YoY
EBITDA
590.50M
est: 847.48M (-30.3%)
3.07B
est: 1.26B (+143.0%)
2.52B
est: 350.81M (+619.2%)
3.62B
est: -339.88M (+1,163.9%)
4.16B
est: 742.62M (+460.6%)
4.07B
est: 2.48B (+63.9%)
4.67B
est: 2.30B (+103.3%)
4.83B
est: 1.21B (+299.0%)
4.15B
est: 397.12M (+945.2%)
5.44B
est: 476.87M (+1,040.5%)
12.41B
est: 518.81M (+2,292.8%)
15.34B
est: 13.32B (+15.2%)
15.65B
est: 15.03B (+4.2%)
18.36B
18.10B – 18.82B
+22.2% YoY
21.88B
21.16B – 22.54B
+19.2% YoY
25.50B
23.70B – 26.92B
+16.6% YoY
28.94B
27.41B – 30.21B
+13.5% YoY
30.01B
28.42B – 31.32B
+3.7% YoY
EBIT
504.10M
est: 755.18M (-33.2%)
2.80B
est: 3.23B (-13.2%)
2.21B
est: 3.27B (-32.4%)
3.27B
est: 2.21B (+48.3%)
3.75B
est: 3.17B (+18.5%)
3.54B
est: 4.06B (-12.7%)
4.04B
est: 4.97B (-18.7%)
4.07B
est: 4.38B (-7.2%)
3.30B
est: 3.07B (+7.5%)
4.54B
est: 3.69B (+23.3%)
11.47B
est: 4.01B (+186.0%)
14.30B
est: 12.13B (+17.8%)
14.46B
est: 13.69B (+5.6%)
16.72B
16.49B – 17.14B
+22.2% YoY
19.93B
19.27B – 20.54B
+19.2% YoY
23.23B
21.59B – 24.53B
+16.6% YoY
26.37B
24.97B – 27.53B
+13.5% YoY
27.34B
25.89B – 28.54B
+3.7% YoY
Net Income
315.36M
est: 540.23M (-41.6%)
896.50M
est: 1.65B (-45.6%)
495.10M
est: 1.09B (-54.5%)
1.22B
est: 495.22M (+145.7%)
1.77B
est: 1.19B (+48.9%)
1.45B
est: 1.92B (-24.8%)
1.36B
est: 2.04B (-33.4%)
1.35B
est: 1.49B (-9.1%)
1.61B
est: 1.05B (+53.0%)
2.57B
est: 1.26B (+103.8%)
6.38B
est: 1.37B (+365.2%)
8.25B
est: 8.30B (-0.6%)
8.21B
est: 8.07B (+1.8%)
10.15B
9.78B – 10.53B
+25.8% YoY
11.75B
11.40B – 12.10B
+15.8% YoY
14.80B
11.86B – 16.25B
+25.9% YoY
16.18B
15.19B – 17.21B
+9.3% YoY
15.87B
14.78B – 16.78B
-1.9% YoY
SGA
est: 232.88M (-100.0%)
3.23B
est: 542.91M (+495.5%)
859.60M
est: 4.91B (-82.5%)
966.40M
est: 4.93B (-80.4%)
1.14B
est: 4.86B (-76.5%)
1.37B
est: 5.71B (-76.1%)
1.60B
est: 8.14B (-80.3%)
1.77B
est: 7.76B (-77.2%)
1.67B
est: 6.22B (-73.1%)
1.79B
est: 7.47B (-76.0%)
2.82B
est: 8.12B (-65.2%)
3.34B
est: 6.24B (-46.5%)
3.94B
est: 7.04B (-44.1%)
8.60B
8.48B – 8.82B
+22.2% YoY
10.25B
9.91B – 10.56B
+19.2% YoY
11.95B
11.10B – 12.62B
+16.6% YoY
13.56B
12.84B – 14.16B
+13.5% YoY
14.06B
13.31B – 14.68B
+3.7% YoY
EPS
11.31
est: 13.45 (-15.9%)
23.29
est: 22.66 (+2.8%)
12.86
est: 15.95 (-19.4%)
32.48
est: 32.76 (-0.9%)
45.88
est: 50.26 (-8.7%)
37.82
est: 41.95 (-9.8%)
35.55
est: 37.42 (-5.0%)
35.32
est: 39.60 (-10.8%)
41.94
est: 41.45 (+1.2%)
67.09
est: 52.50 (+27.8%)
166.64
est: 136.77 (+21.8%)
212.10
est: 210.84 (+0.6%)
204.46
est: 201.74 (+1.3%)
248.63
242.95 – 261.69
+23.2% YoY
292.86
283.39 – 300.78
+17.8% YoY
356.73
294.67 – 403.83
+21.8% YoY
402.73
377.60 – 427.86
+12.9% YoY
394.50
367.27 – 416.98
-2.0% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-29 B+ 3/5 3/5 5/5 5/5 3/5 2/5 1/5
2026-05-27 C- 1/5 3/5 1/5 1/5 1/5 2/5 1/5
2026-05-26 C- 1/5 3/5 1/5 1/5 1/5 2/5 1/5
2026-05-25 C- 1/5 3/5 1/5 1/5 1/5 2/5 1/5
2026-05-22 C- 1/5 3/5 1/5 1/5 1/5 2/5 1/5
2026-05-21 C- 1/5 3/5 1/5 1/5 1/5 2/5 1/5
2026-05-20 C- 1/5 3/5 1/5 1/5 1/5 2/5 1/5
2026-05-19 C- 1/5 3/5 1/5 1/5 1/5 2/5 1/5
2026-05-18 C- 1/5 3/5 1/5 1/5 1/5 2/5 1/5
2026-05-15 C- 1/5 3/5 1/5 1/5 1/5 2/5 1/5
2026-05-14 C- 1/5 3/5 1/5 1/5 1/5 2/5 1/5
2026-05-13 C- 1/5 3/5 1/5 1/5 1/5 2/5 1/5
2026-05-12 C- 1/5 3/5 1/5 1/5 1/5 2/5 1/5
2026-05-11 C- 1/5 3/5 1/5 1/5 1/5 2/5 1/5
2026-05-08 C- 1/5 3/5 1/5 1/5 1/5 2/5 1/5
2026-05-07 C- 1/5 3/5 1/5 1/5 1/5 2/5 1/5
2026-05-06 C- 1/5 3/5 1/5 1/5 1/5 2/5 1/5
2026-05-05 C- 1/5 3/5 1/5 1/5 1/5 2/5 1/5
2026-05-04 C- 1/5 3/5 1/5 1/5 1/5 2/5 1/5
2026-04-30 C- 1/5 3/5 1/5 1/5 1/5 2/5 1/5
2026-04-29 C- 1/5 3/5 1/5 1/5 1/5 2/5 1/5
2026-04-28 C- 1/5 3/5 1/5 1/5 1/5 2/5 1/5
2026-04-27 C- 1/5 3/5 1/5 1/5 1/5 2/5 1/5
2026-04-24 C- 1/5 3/5 1/5 1/5 1/5 2/5 1/5
2026-04-23 C- 1/5 3/5 1/5 1/5 1/5 2/5 1/5
2026-04-22 C- 1/5 3/5 1/5 1/5 1/5 2/5 1/5
2026-04-21 C- 1/5 3/5 1/5 1/5 1/5 2/5 1/5
2026-04-20 C- 1/5 3/5 1/5 1/5 1/5 2/5 1/5
2026-04-17 C- 1/5 3/5 1/5 1/5 1/5 2/5 1/5
2026-04-16 C- 1/5 3/5 1/5 1/5 1/5 2/5 1/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
2.80B
OE per share TTM
70.04
Owner's Yield
0.53%
Maintenance CapEx ratio
39.54%
Maint CapEx / Avg PPE
9.5%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock Held by 21 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 Vanguard Emerging Markets Ex-China ETF VEXC 0.03% 69.1K 0.07%
2 Schwab Emerging Markets Equity ETF SCHE 0.02% 2.89M 0.06%
3 Vanguard FTSE Emerging Markets UCITS ETF (USD) Accumulating VFEA.L 0.02% 1.24M 0.17%
4 Vanguard FTSE Emerging Markets UCITS ETF (USD) Distributing VDEM.L 0.02% 1.24M 0.17%
5 Vanguard FTSE Emerging Markets Shares ETF VGE.AX 0.02% 277.2K 0.48%
6 Vanguard FTSE Emerging Markets All Cap Index ETF VEE.TO 0.02% 625.3K 0.26%
7 Vanguard FTSE Emerging Markets ETF VWO 0.02% 30.86M 0.06%
8 Vanguard FTSE Asia ex Japan Shares Index ETF VAE.AX 0.02% 108.7K 0.40%
9 Vanguard All-World ex-US Shares Index ETF VEU.AX 0.01% 249.2K 0.04%
10 Vanguard FTSE All-World ex-US ETF VEU 0.01% 5.36M 0.04%

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
8.39M
Shares Outstanding
40.17M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Chaitanya Narendra Desai MD & Executive Director 132M male
Kushal Narendra Desai Chairman of the Board, MD & Chief Executive Officer 130M male
Rishabh Kushal Desai Whole-Time Director 300.0K male
Suyash Saraogi President of Strategy & Projects 140.0K male
Sanjaya Raju Kunder Compliance Officer & Company Secretary male
Bhavna Valkhi Deputy Manager of Sales & Marketing female
Vinayak K. Lele Senior Vice President of Finance male
Manish Agarwal Chief Executive Officer of Conductor & Telecommunications Businesses male
Ramesh Seshan Iyer Chief Financial Officer male
Sanjay Kumar Vice President of HR & Administration male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits