APAR Industries Limited (APARINDS) AI Stock Analysis

• Market Cap: ₹335.62B
• Dividend Yield: 0.61%
• Average Volume (3M): 5.50K
• Price to Earnings (P/E): 38.1
• Beta (1Y): 1.49
• Revenue Growth: 19.93%
• EPS Growth: 2.95%
• Country: IN
• Employees: 2,045
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Electrical Equipment & Parts
• EPS (TTM): 65.40
• Shares Outstanding: 40,168,316
• 10 Day Avg. Volume: 2,972
• 30 Day Avg. Volume: 5,496
• 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: ₹9,737.00
• Price Target Upside: 16.54% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2

• Rating: 72 Outperform
• Price Target: ₹9,274.00 ▲(10.99% Upside)

APAR Industries Limited's strong financial performance is the most significant factor, supported by robust revenue and profitability growth. Technical analysis presents mixed signals, with a slight bearish trend but positive MACD. The valuation indicates the stock may be overvalued, with a high P/E ratio and modest dividend yield.

APAR Industries Limited Business Overview & Revenue Model

Company Description

Apar Industries Limited engages in the electrical and metallurgical engineering business in India. The company offers transformer oils, including naphthenic and iso--paraffinic grades; liquid paraffins that are used in baby oil, medical and pharma, cosmetic, food packaging and coating, personal care, bakery, and plastic industries; petroleum jelly for use in pharmaceutical formulations, dermatological and ophthalmic formulations, battery terminal compounds, release agents for plaster molds and castings, and personal care and leather industries; process oils for rubber and tires, EPDM rubber/profiles, low PCA oils, TPE and plastics, hot melt adhesives, and ink oils; base oils for metal working fluids; and process oils for general applications. It also provides CTC/PICC conductors, railway overhead conductors, T&D overhead conductors, optical ground wires, aluminum and alloy rods, specialty wires, and turnkey solutions, as well as copper rods, wires, busbars, and strips; electrical cables, elastomer and E-beam cables, light duty cables and wires, fiber optic cables, and specialty products and services; and thermoplastic elastomers, thermoplastic vulcanizates, zero halogen flame-retardant materials, various other polymer compounds, and customizable products under the Aparprene brand. In addition, the company offers automotive and industrial lubricants; and specialty automotive products comprising batteries and lubricants. It also exports its products to various countries. The company was founded in 1958 and is headquartered in Mumbai, India.

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: 8355.35
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

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 8355.35 is below the 20-day moving average (MA) of 8385.86, below the 50-day MA of 8571.03, and above the 200-day MA of 7822.74, indicating a neutral trend. The MACD of 89.78 indicates Negative momentum. The RSI at 45.85 is Neutral, neither overbought nor oversold. The STOCH value of 36.82 is Neutral, 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	368.24B	6.43	29.59%	5.24%	38.31%	155.40%
APARINDS	72 Outperform	₹335.62B	38.07	―	0.61%	19.93%	2.95%
PARADEEP	68 Neutral	148.94B	18.54	13.53%	0.55%	39.44%	256.03%
HINDCOPPER	66 Neutral	301.66B	62.07	17.48%	0.47%	13.81%	34.46%
SHYAMMETL	65 Neutral	252.94B	27.27	8.60%	0.50%	18.34%	-20.59%
SARDAEN	64 Neutral	199.87B	21.37	11.13%	0.26%	42.96%	69.78%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%

APAR Industries Limited Corporate Events

APAR Industries Renews Endorsement Agreements to Strengthen Brand Presence

APAR Industries Limited has renewed its endorsement agreement with renowned film actor Sonu Sood, who will continue to serve as the brand ambassador for the company’s cable and wire products. Additionally, the company has extended its agreement with Everest Brand Solutions Private Limited to utilize the performance services of the artist. These renewals are expected to bolster APAR Industries’ brand visibility and market presence, potentially enhancing its competitive positioning in the industry.