NSE: APARINDS · BSE: 532259 · ISIN INE372A01015
Apar Industries Limited stock analysis
Apar Industries Limited ranks #291 in the TickerSutra evidence-ranked universe with a score of 67/100 and 95% data confidence. The latest captured fundamentals show ROCE of 31.8%, quarterly sales growth of 29.1% and quarterly profit growth of 77.8%.Watchlist candidate
INVESTMENT EVIDENCE
What supports—and challenges—the thesis
Evidence in favour
- ROCE is 31.8%
- Low debt/equity of 0.18×
- 16.9% three-year sales CAGR
- Institutional ownership is rising
- CWIP indicates an active capacity pipeline
- No promoter shares are reported as pledged
Risks and constraints
- CFO/EBITDA is below 0.6×
- Valuation is above 40× earnings
Still unresolved: Related-party exposure · Broad media sentiment
FINANCIAL TRAJECTORY
Recent operating history
| Period | Revenue | Operating profit | Net profit | Operating margin |
|---|---|---|---|---|
| 2022 | ₹9,317cr | ₹578cr | ₹257cr | 6.0% |
| 2023 | ₹14,336cr | ₹1,267cr | ₹638cr | 9.0% |
| 2024 | ₹16,153cr | ₹1,568cr | ₹825cr | 10.0% |
| 2025 | ₹18,581cr | ₹1,601cr | ₹821cr | 9.0% |
| 2026 | ₹22,902cr | ₹1,922cr | ₹977cr | 8.0% |
| TTM | ₹24,389cr | ₹2,171cr | ₹1,182cr | 9.0% |
EXCHANGE EVENT TRIGGERS
Latest corporate disclosures
Apar Industries Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on September 21, 2026. Further, the company has informed the Exchange regarding voting results.
RoutineApar Industries Ltd - 532259 - Shareholder Meeting / Postal Ballot-Scrutinizer''s ReportBSE · 22 Sept 2026Declaration of e-voting Results and Scrutinizer''s Report
RoutineShareholders meetingNSE · 22 Sept 2026Apar Industries Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on September 21, 2026
RoutineApar Industries Ltd - 532259 - Shareholder Meeting / Postal Ballot-Outcome of AGMBSE · 22 Sept 2026Summary of Proceedings of the 37th Annual General Meeting (AGM) of APAR Industries Limited held on Monday, September 21, 2026 through Video Conferencing
RoutineUpdatesNSE · 21 Sept 2026Apar Industries Limited has informed the Exchange regarding 'Change in name of Wholly Owned Subsidiary'.
MANAGEMENT COMMENTARY
Signals from filed documents
This unique location advantage enables the direct utilisation of liquid molten aluminium as a raw material, an industry-leading capability that eliminates the need for conventional ingot sourcing and melting resulting in enhanced efficiency, quality, and sustainability. The company has undertaken multiple capacity expansions across our CTC and PICC manufacturing operations, further strengthening our position as India
In addition, our sustainability and responsible business practices are also guided by the principles of the United Nations Global Compact (UNGC), and we have aligned our policies and operations with the UNGC’s ten principles relating to human rights, labour, environment and anti-corruption. Has the policy been approved by the Board? (Yes / No) Yes Yes Yes Yes Yes Yes Yes Yes Yes c.
Environment friendly (iii) Future plan of action: 1 . Commence commercial production of coated conductors and business development to expand market reach and drive revenue growth. Type test and pilot transmission line simulation to demonstrate the comparative benefits of Z Shaped conductors for their adoption in the industry.
Additionally, the Jharsuguda facility enhanced its AL59 conductor capacity by approximately 25%. The com- pany also initiated in-house manufacturing of stainless-steel (SUS) tubes for OPGW applications up to 96 fibres, strength- ening backward integration and enhancing its advanced product manufacturing capabilities. APAR continued to enhance manufacturing performance through targeted investments in automation, digit
Cost Reduction of various compounds (Specifically in Solar Insulation compound) 17. Product approvals for POWEROIL TO NE and SE from UL and FM for Fire Resistant Transformer oils completed under K class category. Immersion coolant for Li ion Battery cooling for 2Wand 3W applications running successfully and for 4W EV battery applications is in progress.
Backed by advanced manufacturing facilities, robust quality systems, and continuous investments in technology and prod- uct development, APAR remains focused on delivering innova- tive solutions that enhance safety, efficiency, and sustainability. As India’s infrastructure and industrial growth story unfolds, we are confident of strengthening our leadership position while creating long-term value for customers, stake
Despite, such challenges, the Company remain steadfast and deliver a YoY 11.8% growth in export sales demonstrating the strong competitive landscape of the Company. Despite the hurdles in the export market, the company remains optimistic about the resilient long- term performance in both domestic and global markets, anchored by a surge in electricity demand around the globe, a definitive strategic shift toward renewa
Synthetic Ester Transformer Oil for one of Maharashtra’s Largest Renewable Transmission Deployments INTEGRATED ANNUAL REPORT 2025-26 69 APAR INDUSTRIES LIMITED 68 Financial StatementsStatutory Reports Corporate Overview Lubricants Engineered for Peak Performance APAR lubricants are formulated to deliver protection and peak performance to machinery, ensuring smooth operations that power daily life and global innovatio
We are optimistic of a strong uptick in overseas markets, particularly in US, as we move past the recent rationalization of US tariff rates. This regulatory clarity, combined with our competitiveness and technological edge, positions us to place our footprints strategically in the high-growth export market. Performance for the year: Conductor division continues to maintain its status as one of the largest global manu
Certifications & Technical Capabilities Robust management systems certified to ISO 9001, ISO 14001 and ISO 45001 standards support quality, environmental and occupational health & safety excellence. Enhanced testing and validation infrastructure through the establishment of advanced facilities including Smoke Emission Test (3m3), Torsion Test set-up with both top and bottom side rotation, UL 1666, Flame Chamber, Tens
Our FY26 performance reflects the disciplined execution of a long-term strategy: driving product premiumisation, front-loading strategic capacity, and securing stringent technical certifications. By prioritising forward-looking capital allocation over short-term reporting cycles, we are maximising long-term shareholder value and securing market leadership for the decade ahead . India’s energy transition is advancing
And this quarter, we've had a good domestic premium mix. My reading is that typically, the exp ort in conventionals comes at a lower realization EBITDA per ton. Would that understanding be correct?
HOW TO READ THIS PAGE
Evidence, freshness and limitations
What does the TickerSutra score mean?
The score ranks captured evidence across financial quality, growth, moat and margins, regulatory catalysts, governance, institutional trend and valuation comfort. It is a research-prioritization tool—not a buy recommendation or price target.
Which sources support this page?
Financial history, ownership and pledge data, NSE and BSE filings, annual reports and available earnings-call transcripts are combined here. Use the source trail and original exchange document before relying on a decision-critical fact.
Why can an item be unresolved?
Unresolved means the current captured source window did not provide enough evidence for that check. It does not establish that a risk or relationship is absent.
Maintained by TickerSutra Research · Snapshot updated 29 Sept 2026 · Read the methodology · Read the disclaimer
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