APAR Industries Limited (IN:APARINDS)
:APARINDS
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APAR Industries Limited
(APARINDS)
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Rating:69Neutral
Price Target:
₹17,822.00
▲(115.62% Upside)
Action:Downgraded
Date:05/29/26
The score is driven primarily by solid fundamentals (strong growth and a healthy balance sheet) and strong bullish technical momentum. These positives are tempered by weaker cash-flow quality in the latest year and a demanding valuation (high P/E and low yield).
Positive Factors
Revenue Growth Trajectory
Sustained multi-year revenue scaling denotes durable demand and successful market penetration across segments. That revenue base supports reinvestment, capacity expansion and pricing power, lowering execution risk and enabling steady medium-term growth and strategic initiatives.
Negative Factors
Cash Conversion Volatility
Volatile free cash flow and a recent turn to negative FCF signal inconsistent cash conversion from earnings. Persistent working-capital or reinvestment needs can constrain discretionary spending, elevate funding needs, and reduce ability to return capital or self-fund growth projects.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth Trajectory
Sustained multi-year revenue scaling denotes durable demand and successful market penetration across segments. That revenue base supports reinvestment, capacity expansion and pricing power, lowering execution risk and enabling steady medium-term growth and strategic initiatives.
Read all positive factors
APAR Industries Limited (APARINDS) vs. iShares MSCI India ETF (INDA)
Market Cap
₹653.88B
Dividend Yield0.57%
Average Volume (3M)4.83K
Price to Earnings (P/E)65.0
Beta (1Y)1.82
Revenue Growth23.25%
EPS Growth18.95%
CountryIN
Employees2,045
SectorBasic Materials
Sector Strength58
IndustryElectrical Equipment & Parts
Share Statistics
EPS (TTM)233.89
Shares Outstanding40,174,236
10 Day Avg. Volume2,571
30 Day Avg. Volume4,831
Financial Highlights & Ratios
PEG Ratio2.14
Price to Book (P/B)7.36
Price to Sales (P/S)1.73
P/FCF Ratio-1.12K
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)300.92
Revenue Forecast (FY)₹273.12B
APAR Industries Limited Business Overview & Revenue Model
Company 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 a...
How the Company Makes Money
APAR Industries primarily makes money by manufacturing and selling products across three major revenue streams: (1) Conductors: It supplies power transmission and distribution conductors (typically aluminum- and alloy-based, including specialized ...
APAR Industries Limited Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
82
Very Positive
Cash Flow
52
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 207.46B | 229.02B | 185.81B | 161.53B | 143.36B | 93.17B |
| Gross Profit | 42.18B | 42.22B | 38.08B | 35.81B | 32.38B | 20.93B |
| EBITDA | 17.64B | 19.08B | 15.65B | 15.34B | 12.41B | 5.44B |
| Net Income | 9.39B | 9.77B | 8.21B | 8.25B | 6.38B | 2.57B |
Balance Sheet | ||||||
| Total Assets | 113.13B | 137.11B | 112.64B | 96.16B | 82.18B | 66.08B |
| Cash, Cash Equivalents and Short-Term Investments | 3.84B | 7.76B | 9.69B | 5.87B | 6.28B | 2.83B |
| Total Debt | 7.04B | 9.56B | 5.85B | 4.76B | 3.76B | 3.59B |
| Total Liabilities | 64.60B | 83.18B | 67.60B | 57.39B | 59.81B | 48.92B |
| Stockholders Equity | 48.53B | 53.93B | 45.04B | 38.76B | 22.36B | 17.15B |
Cash Flow | ||||||
| Free Cash Flow | -2.38B | -353.50M | 7.81B | -6.14B | 4.51B | 1.13B |
| Operating Cash Flow | 1.69B | 7.01B | 12.91B | -2.83B | 6.98B | 2.44B |
| Investing Cash Flow | -2.06B | -5.62B | -7.05B | -2.68B | -2.69B | -906.10M |
| Financing Cash Flow | -3.41B | -1.63B | -4.83B | 6.35B | -1.84B | -1.06B |
APAR Industries Limited Technical Analysis
Positive
8265.50
Price Trends
12880.98
Positive
11200.43
Positive
9868.42
Positive
Market Momentum
981.38
Negative
74.49
Negative
83.68
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:APARINDS, the sentiment is Positive. The current price of 8265.5 is below the 20-day moving average (MA) of 14126.96, below the 50-day MA of 12880.98, and below the 200-day MA of 9868.42, indicating a bullish trend. The MACD of 981.38 indicates Negative momentum. The RSI at 74.49 is Negative, neither overbought nor oversold. The STOCH value of 83.68 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:APARINDS.
APAR Industries Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | ₹689.93B | 11.65 | ― | 3.62% | 6.29% | 10.05% | |
73 Outperform | ₹494.10B | 53.71 | ― | 0.33% | 48.62% | 97.40% | |
69 Neutral | ₹653.88B | 65.02 | ― | 0.57% | 23.25% | 18.95% | |
64 Neutral | ₹270.23B | 25.96 | ― | 0.77% | 22.46% | 16.97% | |
63 Neutral | ₹184.38B | 16.57 | ― | 0.28% | 22.56% | 58.01% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
53 Neutral | ₹141.24B | 14.89 | ― | 0.62% | 52.51% | 56.28% |
* Basic Materials Sector Average
IN:APARINDS
APAR Industries Limited
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109.07%
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APAR Industries Limited Corporate Events
APAR Industries Corrects Share Number Range in ESAR 2024 Allotment Disclosure
Jun 8, 2026
APAR Industries Limited has clarified a typographical error in its earlier disclosure regarding the allotment of 5,920 equity shares under its Employee Stock Appreciation Rights Plan 2024 to eligible employees. The company stated that only the upp...
Apar Industries Publishes FY26 Audited Results Extracts in Newspapers
May 29, 2026
Apar Industries Limited has reported that it has published extracts of its audited standalone and consolidated financial results for the fourth quarter and full financial year ended March 31, 2026 in two newspapers. The results, along with a QR co...
Apar Industries Posts Q4 FY26 Earnings Call Audio for Investors
May 28, 2026
Apar Industries Limited has made available the audio recording of its post-results conference call with analysts and investors discussing the audited standalone and consolidated financial results for the fourth quarter of FY26. The move, made in c...
Apar Industries Opens Special Window for Physical Share Transfer Requests
May 1, 2026
Apar Industries Limited has notified the stock exchanges that it has published shareholder advertisements in Business Standard and Vadodara Samachar to publicise a special window for lodging or re-lodging transfer requests of physical shares. The ...
Apar Industries files SEBI-compliant demat certificate for March quarter
Apr 8, 2026
Apar Industries Limited has submitted a compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended March 31, 2026. The filing confirms that its registrar and transfer agent, MU...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.