APAR Industries Limited (APARINDS) AI Stock Analysis

• Market Cap: ₹313.28B
• Dividend Yield: 0.65%
• Average Volume (3M): 6.82K
• Price to Earnings (P/E): 35.9
• Beta (1Y): 1.39
• Revenue Growth: 19.93%
• EPS Growth: 2.95%
• Country: IN
• Employees: 2,045
• Sector: Basic Materials
• Sector Strength: 69
• Industry: Electrical Equipment & Parts
• EPS (TTM): 65.40
• Shares Outstanding: 40,168,316
• 10 Day Avg. Volume: 4,065
• 30 Day Avg. Volume: 6,818
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ₹10,200.00
• Price Target Upside: 29.60% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1

• Rating: 62 Neutral
• Price Target: ₹8,696.00 ▲(10.49% Upside)

APAR Industries Limited shows strong financial performance with consistent growth and profitability, which is the most significant factor in its overall score. However, technical analysis indicates bearish market momentum, and the valuation suggests potential overvaluation, which weigh down the overall score.

APAR Industries Limited Business Overview & Revenue Model

Company Description

APAR Industries Limited (APARINDS) is a leading Indian manufacturer and supplier operating within the electrical and metallurgical industries. The company specializes in producing conductors, specialty oils, polymers, and cables, serving a diverse range of sectors including power, telecommunications, and automotive. With a strong focus on innovation and quality, APAR Industries has established itself as a key player in both domestic and international markets.

How the Company Makes Money

APAR Industries Limited generates revenue primarily through the manufacturing and sale of its wide range of products, including conductors, transformer oils, specialty lubricants, cables, and polymers. The company's extensive product portfolio caters to various industries such as power generation and distribution, telecommunications, automotive, and industrial sectors. A significant portion of its revenue comes from contracts and long-term supply agreements with large-scale utility companies, government projects, and private sector enterprises, both in India and abroad. Additionally, APAR Industries benefits from strategic partnerships and collaborations that enhance its market reach and product development capabilities. The company's focus on innovation, cost-efficient manufacturing, and expansion into new markets further contributes to its financial performance.

APAR Industries Limited Financial Statement Overview

Summary

APAR Industries Limited presents a strong financial profile with consistent growth in revenue and profitability, supported by efficient operations. The balance sheet is robust, with manageable debt levels and strong equity. While cash flow management has improved, some volatility remains.

Income Statement

APAR Industries Limited has demonstrated strong revenue growth over the years, with a notable increase from 2024 to 2025. The Gross Profit Margin and Net Profit Margin have both improved, indicating efficient cost management and profitability. EBIT and EBITDA margins have also shown positive trends, reflecting operational efficiency. Overall, the income statement shows a robust financial performance with consistent growth.

Balance Sheet

The company's balance sheet is solid, with a favorable Debt-to-Equity ratio indicating manageable leverage. The Return on Equity has improved over time, showcasing effective use of shareholder funds to generate profits. The Equity Ratio is healthy, suggesting financial stability. However, the increase in total liabilities warrants cautious monitoring.

Cash Flow

APAR Industries has seen a significant turnaround in cash flow generation, with Free Cash Flow turning positive in 2025 after a negative period in 2024. Operating Cash Flow to Net Income Ratio is healthy, reflecting strong cash conversion from profits. Nevertheless, fluctuations in cash flow metrics hint at potential volatility in cash management.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	185.40B	185.81B	161.53B	142.58B	92.91B	63.88B
Gross Profit	36.88B	38.42B	35.81B	24.46B	20.02B	15.15B
EBITDA	16.11B	15.47B	15.05B	13.03B	6.10B	4.58B
Net Income	8.21B	8.21B	8.25B	6.38B	2.57B	1.60B
Balance Sheet
Total Assets	112.64B	112.64B	96.16B	82.18B	66.08B	50.09B
Cash, Cash Equivalents and Short-Term Investments	9.69B	9.69B	5.87B	6.28B	2.83B	3.20B
Total Debt	5.85B	5.85B	4.76B	3.76B	3.59B	3.25B
Total Liabilities	67.60B	67.60B	57.39B	59.81B	48.92B	35.99B
Stockholders Equity	45.04B	45.04B	38.76B	22.36B	17.15B	14.09B
Cash Flow
Free Cash Flow	0.00	7.81B	-6.14B	4.51B	1.13B	2.68B
Operating Cash Flow	0.00	12.91B	-2.83B	6.98B	2.44B	3.24B
Investing Cash Flow	0.00	-7.05B	-2.68B	-2.69B	-906.10M	-1.11B
Financing Cash Flow	0.00	-4.83B	6.35B	-1.84B	-1.06B	-568.70M

APAR Industries Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 7870.30
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:APARINDS, the sentiment is Negative. The current price of 7870.3 is below the 20-day moving average (MA) of 8389.46, below the 50-day MA of 8612.90, and below the 200-day MA of 7917.24, indicating a bearish trend. The MACD of -254.03 indicates Positive momentum. The RSI at 35.02 is Neutral, neither overbought nor oversold. The STOCH value of 12.28 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:APARINDS.

APAR Industries Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
NATIONALUM	81 Outperform	₹341.98B	5.97		4.99%	38.31%	155.40%
SHYAMMETL	74 Outperform	₹252.08B	27.18		0.70%	18.34%	-20.59%
PARADEEP	66 Neutral	₹177.39B	22.08		0.44%	39.44%	256.03%
HINDCOPPER	65 Neutral	₹222.22B	45.73		0.39%	13.81%	34.46%
SARDAEN	64 Neutral	₹212.40B	21.74		0.26%	42.96%	69.76%
APARINDS	62 Neutral	₹313.28B	35.86		0.65%	19.93%	2.95%
Sector *	61 Neutral	$10.24B	6.18	0.71%	2.90%	3.45%	-36.02%