Apar Industries
- Market cap
- ₹ 60,078 Cr.
- P/E
- 53.6x
- P/B
- 10.96x
- 52-week range
- 6,801 – 19,265
- ROE
- 20%
- ROCE
- 31%
- Dividend yield
- 0.4%
- Debt / equity
- 0.18
- Sector
- Electrical Equipment
- Industry
- Other Electrical Equipment
- Listed on
- NSE, BSE
About
Apar Industries Limited (Apar) is an India-based manufacturer and supplier of conductors, a variety of cables, specialty oils, polymers, and lubricants. The Company’s segments include Conductor; Transformer & Specialties Oils; Power/Telecom Cables, and others. It provides diverse fields of electrical and metallurgical engineering offering value-added products and services in Power Transmission Conductors, Petroleum Specialty Oils, Power & Telecom Cables, and House wires. The Company's specialty oil business has a range of products, which falls under approximately four categories, such as transformer oils, white oils (liquid paraffins), petroleum jelly, and process oils. Its lubricants serve diverse equipment, including rotating machinery, metalworking and quenching applications. It also provides CTC/PICC conductors, railway overhead conductors, T&D overhead conductors, optical ground wires, aluminum and alloy rods, specialty wires, turnkey solutions, among others.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Other Electrical Equipment: 83 companies →Apar Industries against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.
- Valuation (P/E)53.6 against a typical 25.4: pricier than most peers (1st = cheapest).66th of 80
- Sales growth+29.1% against a typical +32% from a year earlier.37th of 69
- Profit growth+77.6% against a typical +15.9% from a year earlier.20th of 64
- Share price, 3 months+11% against a typical −11%.16th of 74
- Size₹ 60,078.4 Cr. market value against a typical ₹ 553.8 Cr. (1st = largest).2nd of 77
Credit ratings
Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates
High safety
Rated AA by CARE- No warnings from the agency.
| Agency | Current rating | Outlook | As of |
|---|---|---|---|
| CARE | CARE AA | Stable | 9 Sep 2026 |
| Rating | Details | |||||
|---|---|---|---|---|---|---|
| 9 Sep 2026 | ▲ Upgrade1 notch | CARE AA- → CARE AA | — | CARE | ₹ 12,959.75 Cr. | |
| 5 Aug 2025 | Reaffirmed | CARE AA- | — | CARE | ₹ 10,332.32 Cr. |
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 29 Oct 2026Upcoming | Financial Results | To consider and approve the financial results for the period ended September 30, 2026 |
| 24 Jul 2026 | Financial Results | To consider and approve the financial results for the period ended Jun 30, 2026 |
| 30 Jun 2026 | Fund Raising | To consider Fund Raising |
| 28 May 2026 | Financial Results/Dividend | To consider and approve the financial results for the period ended March 31, 2026 and dividend |
| 29 Jan 2026 | Financial Results | To consider and approve the financial results for the period ended December 31, 2025 |
| 29 Oct 2025 | Financial Results | To consider and approve the financial results for the period ended September 30, 2025 |
| 29 Jul 2025 | Financial Results | To consider and approve the financial results for the period ended Jun 30, 2025 |
Financials
Consolidated figures in ₹ crore.
| ₹ Cr. | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 3,925 | 4,009 | 4,455 | 4,011 | 4,645 | 4,716 | 5,210 | 5,104 | 5,715 | 5,480 | 6,603 | 6,591 |
| Expenses | 3,576 | 3,604 | 4,028 | 3,634 | 4,288 | 4,360 | 4,755 | 4,652 | 5,250 | 5,028 | 6,107 | 5,833 |
| Operating Profit | 349 | 405 | 427 | 377 | 357 | 356 | 455 | 452 | 465 | 452 | 496 | 758 |
| OPM % | 9% | 10% | 10% | 9% | 8% | 8% | 9% | 9% | 8% | 8% | 8% | 11% |
| Other Income | 19 | 21 | 27 | 15 | 33 | 34 | 20 | 25 | 23 | −17 | 12 | 34 |
| Interest | 103 | 113 | 101 | 90 | 101 | 118 | 100 | 86 | 108 | 106 | 137 | 123 |
| Depreciation | 28 | 29 | 31 | 31 | 32 | 33 | 36 | 38 | 40 | 41 | 42 | 46 |
| Profit before tax | 237 | 284 | 322 | 270 | 257 | 238 | 340 | 353 | 341 | 288 | 329 | 623 |
| Tax % | 27% | 23% | 27% | 25% | 24% | 27% | 26% | 25% | 26% | 27% | 23% | 25% |
| Net Profit | 174 | 218 | 236 | 203 | 194 | 175 | 250 | 263 | 252 | 209 | 253 | 467 |
| EPS in Rs | 45.44 | 54.16 | 58.81 | 50.42 | 48.27 | 43.55 | 62.24 | 65.45 | 62.66 | 52.01 | 63.09 | 116.36 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- 16%
- 5 Years
- 29%
- 3 Years
- 17%
- TTM
- 24%
- 10 Years
- 24%
- 5 Years
- 44%
- 3 Years
- 16%
- TTM
- 37%
- 10 Years
- 40%
- 5 Years
- 94%
- 3 Years
- 50%
- TTM
- —
- 10 Years
- 20%
- 5 Years
- 22%
- 3 Years
- 22%
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Peers
Listed companies in the same business.
| Apar Industries | ₹ 15,360.00 | ₹ 60,078 Cr. | 53.6x | 11x | 20% | — |
| ABB India | ₹ 6,140.00 | ₹ 1,29,936 Cr. | 95.2x | 20.3x | — | 11.6% |
| Hitachi Energy India | ₹ 26,250.00 | ₹ 1,17,002 Cr. | 139x | 27.6x | 21% | 12.1% |
| CG Power and Industrial Solutions | ₹ 814.95 | ₹ 1,24,592 Cr. | 114.8x | 17.9x | 20.4% | 9.6% |
| Polycab India | ₹ 7,415.00 | ₹ 1,11,738 Cr. | 50x | 11.1x | 25.4% | 9.3% |
| Siemens | ₹ 3,250.00 | ₹ 1,15,739 Cr. | — | 9.4x | 11.7% | 8.5% |
Management
- Kushal Narendra Desai
- Executive Chairman of the Board, Chief Executive Officer, Managing Director
- Ramesh Seshan Lyer
- Chief Financial Officer
- Sanjaya R. Kunder
- Compliance Officer, Company Secretary
- Chaitanya Narendra Desai
- Managing Director, Executive Director
- Rishabh Kushal Desai
- Whole Time Director
Prices are delayed and for information only. Nothing on this page is investment advice.