APAR Industries Limited (IN:APARINDS)
:APARINDS
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APAR Industries Limited
(APARINDS)
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Rating:76Outperform
Price Target:
₹14,003.00
▲(69.42% Upside)
Action:Reiterated
Date:04/30/26
The score is driven primarily by strong financial performance (improving profitability with a solid balance sheet) and bullish technical momentum (price above all key moving averages with positive MACD). These positives are partially offset by less attractive valuation (high P/E and low dividend yield) and some cash-flow volatility.
Positive Factors
Revenue & margin improvement
Sustained revenue growth with rising gross and net margins indicates durable demand and better cost control across operations. This improves intrinsic cash generation capacity, funds reinvestment in plants and R&D, and supports long-term profitability under varied market conditions.
Negative Factors
Cash-flow volatility
Historic swings in cash generation mean operating cash can be uneven across cycles, complicating capital allocation and working capital planning. Persistent volatility can force short-term borrowing or capex delays, undermining steadier long-term investment execution.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue & margin improvement
Sustained revenue growth with rising gross and net margins indicates durable demand and better cost control across operations. This improves intrinsic cash generation capacity, funds reinvestment in plants and R&D, and supports long-term profitability under varied market conditions.
Read all positive factors
APAR Industries Limited (APARINDS) vs. iShares MSCI India ETF (INDA)
Market Cap
₹507.91B
Dividend Yield0.57%
Average Volume (3M)4.83K
Price to Earnings (P/E)40.2
Beta (1Y)1.73
Revenue Growth20.66%
EPS Growth19.41%
CountryIN
Employees2,045
SectorBasic Materials
Sector Strength58
IndustryElectrical Equipment & Parts
Share Statistics
EPS (TTM)233.89
Shares Outstanding40,168,316
10 Day Avg. Volume2,571
30 Day Avg. Volume4,831
Financial Highlights & Ratios
PEG Ratio-7.45
Price to Book (P/B)4.89
Price to Sales (P/S)1.19
P/FCF Ratio28.21
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
₹12,750.00Price Target Upside54.26% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)282.21
Revenue Forecast (FY)₹262.41B
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...
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
85
Very Positive
Balance Sheet
78
Positive
Cash Flow
72
Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 207.46B | 185.81B | 161.53B | 143.36B | 93.17B | 63.88B |
| Gross Profit | 42.18B | 38.08B | 35.81B | 32.38B | 20.93B | 15.73B |
| EBITDA | 17.64B | 15.65B | 15.34B | 12.41B | 5.44B | 4.15B |
| Net Income | 9.39B | 8.21B | 8.25B | 6.38B | 2.57B | 1.60B |
Balance Sheet | ||||||
| Total Assets | 113.13B | 112.64B | 96.16B | 82.18B | 66.08B | 50.09B |
| Cash, Cash Equivalents and Short-Term Investments | 3.84B | 9.69B | 5.87B | 6.28B | 2.83B | 2.67B |
| Total Debt | 7.04B | 5.85B | 4.76B | 3.76B | 3.59B | 3.25B |
| Total Liabilities | 64.60B | 67.60B | 57.39B | 59.81B | 48.92B | 35.99B |
| Stockholders Equity | 48.53B | 45.04B | 38.76B | 22.36B | 17.15B | 14.09B |
Cash Flow | ||||||
| Free Cash Flow | -2.38B | 7.81B | -6.14B | 4.51B | 1.13B | 2.68B |
| Operating Cash Flow | 1.69B | 12.91B | -2.83B | 6.98B | 2.44B | 3.24B |
| Investing Cash Flow | -2.06B | -7.05B | -2.68B | -2.69B | -906.10M | -1.15B |
| Financing Cash Flow | -3.41B | -4.83B | 6.35B | -1.84B | -1.06B | -1.23B |
APAR Industries Limited Technical Analysis
Neutral
8265.50
Price Trends
11004.96
Positive
9883.87
Positive
9274.04
Positive
Market Momentum
443.27
Positive
53.00
Neutral
43.91
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:APARINDS, the sentiment is Neutral. The current price of 8265.5 is below the 20-day moving average (MA) of 12300.63, below the 50-day MA of 11004.96, and below the 200-day MA of 9274.04, indicating a neutral trend. The MACD of 443.27 indicates Positive momentum. The RSI at 53.00 is Neutral, neither overbought nor oversold. The STOCH value of 43.91 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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 | ₹741.26B | 10.29 | ― | 3.62% | 6.29% | 10.05% | |
76 Outperform | ₹507.91B | 40.22 | ― | 0.57% | 20.66% | 19.41% | |
73 Outperform | ₹551.54B | 47.74 | ― | 0.33% | 48.62% | 97.40% | |
64 Neutral | ₹244.91B | 20.24 | ― | 0.77% | 22.46% | 16.97% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
61 Neutral | ₹191.82B | 24.09 | ― | 0.28% | 32.20% | 53.99% | |
53 Neutral | ₹125.05B | 11.17 | ― | 0.62% | 52.51% | 56.28% |
* Basic Materials Sector Average
IN:APARINDS
APAR Industries Limited
12,135.25
4,758.09
64.50%
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APAR Industries Limited Corporate Events
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...
Apar Industries Seeks Shareholder Nod on Special Business via Postal Ballot
Feb 10, 2026
Apar Industries Limited has issued a postal ballot notice dated January 29, 2026 to seek shareholders’ approval on special business matters through remote e-voting. The company has submitted this notice to the NSE and BSE in compliance with ...
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.