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APAR Industries Limited
(APARINDS)
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Rating:68Neutral
Price Target:
₹16,138.00
▲(95.25% Upside)
Action:Reiterated
Date:08/19/26
The score is driven by strong technical strength and solid underlying fundamentals (growth and modest leverage), offset by weaker recent cash-flow quality and a high valuation (elevated P/E with a low yield) that increases downside sensitivity if performance cools.
Positive Factors
Revenue Scaling
The substantial multi-year expansion in revenue indicates that APAR Industries has been increasing its commercial scale across its operating segments. Continued growth provides a broader base for absorbing costs, funding investment, and building earnings capacity over the next several quarters.
Negative Factors
Operating Margin Pressure
Recent operating profit deterioration suggests that revenue growth is not translating fully into operating earnings. If this pressure persists, it could limit the benefits of scale, reduce internal funding for expansion, and make future results more sensitive to product mix and operating costs.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Scaling
The substantial multi-year expansion in revenue indicates that APAR Industries has been increasing its commercial scale across its operating segments. Continued growth provides a broader base for absorbing costs, funding investment, and building earnings capacity over the next several quarters.
Read all positive factors
APAR Industries Limited (APARINDS) vs. iShares MSCI India ETF (INDA)
Market Cap
₹662.91B
Dividend Yield0.38%
Average Volume (3M)10.49K
Price to Earnings (P/E)53.9
Beta (1Y)1.70
Revenue Growth23.96%
EPS Growth34.01%
CountryIN
Employees2,045
SectorGeneral
Sector StrengthN/A
IndustryElectrical Equipment & Parts
Share Statistics
EPS (TTM)243.21
Shares Outstanding41,872,337
10 Day Avg. Volume13,773
30 Day Avg. Volume10,488
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)331.74
Revenue Forecast (FY)₹284.99B
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 makes money primarily by manufacturing and selling products across its main business lines: (1) Conductors: revenue is generated from the sale of power transmission and distribution conductors supplied to utilities, grid and EPC co...
APAR Industries Limited Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
82
Very Positive
Cash Flow
52
Neutral
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 229.02B | 185.81B | 161.53B | 143.36B | 93.17B |
| Gross Profit | 42.22B | 38.08B | 35.81B | 32.38B | 20.93B |
| EBITDA | 19.08B | 15.78B | 15.45B | 12.51B | 5.52B |
| Net Income | 9.77B | 8.21B | 8.25B | 6.38B | 2.57B |
Balance Sheet | |||||
| Total Assets | 137.11B | 112.64B | 96.16B | 82.18B | 66.08B |
| Cash, Cash Equivalents and Short-Term Investments | 7.76B | 9.69B | 5.87B | 6.28B | 2.83B |
| Total Debt | 9.56B | 5.85B | 4.76B | 3.76B | 3.59B |
| Total Liabilities | 83.18B | 67.60B | 57.39B | 59.81B | 48.92B |
| Stockholders Equity | 53.93B | 45.04B | 38.76B | 22.36B | 17.15B |
Cash Flow | |||||
| Free Cash Flow | -353.50M | 7.81B | -6.14B | 4.51B | 1.13B |
| Operating Cash Flow | 7.01B | 12.91B | -2.83B | 6.98B | 2.44B |
| Investing Cash Flow | -5.62B | -7.05B | -2.68B | -2.69B | -906.10M |
| Financing Cash Flow | -1.63B | -4.83B | 6.35B | -1.84B | -1.06B |
APAR Industries Limited Technical Analysis
Neutral
8265.50
Price Trends
17134.23
Negative
16041.66
Negative
13234.84
Positive
Market Momentum
-629.62
Positive
43.80
Neutral
44.37
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 16662.68, below the 50-day MA of 17134.23, and below the 200-day MA of 13234.84, indicating a neutral trend. The MACD of -629.62 indicates Positive momentum. The RSI at 43.80 is Neutral, neither overbought nor oversold. The STOCH value of 44.37 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 (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | ₹178.50B | 22.28 | ― | 0.77% | 26.53% | 29.17% | |
68 Neutral | ₹662.91B | 53.87 | ― | 0.38% | 23.96% | 34.01% | |
67 Neutral | ₹639.17B | 38.46 | ― | 0.98% | 16.50% | 13.65% | |
67 Neutral | ₹1.17T | 36.80 | ― | 0.61% | 40.99% | 28.09% | |
65 Neutral | ₹366.32B | 34.69 | ― | 0.12% | 25.18% | 32.49% | |
60 Neutral | ₹240.59B | 35.73 | ― | 0.45% | 45.36% | 66.42% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
IN:APARINDS
APAR Industries Limited
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6,613.84
71.75%
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APAR Industries Limited Corporate Events
Apar Industries Opens Qualified Institutions Placement, Sets Floor Price at ₹14,801.25
Aug 10, 2026
Apar Industries has launched a qualified institutions placement of equity shares, following approvals from its board and shareholders, with the Share Issue Committee authorising the opening of the issue on August 10, 2026. The committee set a floo...
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.