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Apar Industries Ltd.

NSE: APARINDS · Other Electrical Equipment · sector

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₹15,153.00NSE close 2026-10-27

Board meeting for results: 29 Oct 2026 (NSE event calendar; dates can change) · all upcoming results

Key numbers

Market cap₹60,870 cr
Price₹15,153.00
52w high / low₹19,265 / ₹6,801
P/E51.5xSector median 20.6x
P/B11.3xSector median 3.5x
Book value₹1,342.6
Dividend yield0.34%Sector median 0.24%
ROE11.6%Sector median 15.5%
ROCE32.9%Sector median 16.4%
OPM8.7%Sector median 11.7%
Debt / equity0.16xSector median 0.32x
EV/EBITDA28.7xSector median 13.3x
Interest cover4.3x
Current ratio1.45x
Sales growth 3y+16.9%Sector median +17.8%
Profit growth 3y+15.3%Sector median +15.2%
PEG3.84x

Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 59 companies in Other Electrical Equipment (P/E median leaves out loss-making companies). Tap ? for what a number means.

Things to know

Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.

Charts

Weekly close · high ₹18,858.00 · low ₹5,028.40
Sep 2024Apr 2025Oct 2025Apr 2026

Quarterly results

₹ crSep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Revenue4,6454,7165,2105,1045,7155,4806,6036,591
EBITDA357356458452461419488758
OPM %7.7%7.6%8.8%8.9%8.1%7.7%7.4%11.5%
Other income3334172527152034
Net profit194175250263252209253-139
EPS (₹)48.2743.5562.2365.4562.6652.0163.09116.37
Revenue YoY+23.1%+16.2%+26.7%+29.1%
Profit YoY+29.8%+19.4%+1.4%-152.7%

Consolidated figures where filed. Latest quarter Jun 2026.

Profit & loss (yearly)

₹ crFY22FY23FY24FY25FY26TTM
Revenue9,32014,35216,15318,58122,90224,389
EBITDA5481,2271,5221,5471,8432,126
Net profit352638825821977576
EPS (₹)67.09166.64212.10204.47243.21294.13
Revenue growth+54.0%+12.5%+15.0%+23.3%+24.0%
Profit growth+81.1%+29.4%-0.5%+18.9%-34.7%
Dividend / share (₹)9.5015.0040.0051.0051.00
Compounded growth3 years5 yearsLast 12 months
Sales+16.9%+29.1%+24.0%
Net profit+15.3%+43.5%-34.7%
EPS+13.4%+42.1%–
Share price–+24.4% (2y)+76.2%

Balance sheet

₹ crFY22FY23FY24FY25FY26
Shareholders' equity–2,2363,8764,5045,393
Borrowings–304406470841
Cash & equivalents–580649969776
Total assets–8,2189,61611,26413,711
Fixed assets–9491,1301,4321,609
Capital work in progress–99121128539
Investments–47110
Receivables–3,1983,9294,0785,334
Inventory–2,5762,8643,3104,153
Payables–5,2074,8135,5496,856

Year-end figures from the March annual filing.

Cash flow

₹ crFY22FY23FY24FY25FY26
Cash from operations244698-2831,291968
Cash from investing-91-269-268-705-558
Cash from financing-106-184635-483-434
Capex130248331510737
Free cash flow113451-614781231

Free cash flow = cash from operations − capex.

Ratios by year

₹ crFY22FY23FY24FY25FY26
ROE %–28.5%21.3%18.2%18.1%
ROCE %–45.7%34.9%30.5%28.0%
Debtor days–81898085
Inventory days–88838284
Payable days–177140137138
Cash conversion cycle (days)–-8322531
Working capital days–33645955

Shareholding

Holder (% of shares)Dec 2025Mar 2026Jun 2026Sep 2026Change since Dec 2025
Promoters57.77%–57.76%55.42%-2.35 pts
FIIs9.35%–10.75%12.55%+3.20 pts
DIIs23.21%–23.02%23.82%+0.61 pts
of which Mutual funds21.55%–21.37%20.98%-0.57 pts
of which Insurance0.12%–0.50%1.64%+1.52 pts
Public (non-institutions)9.67%–8.46%8.21%-1.46 pts
No. of shareholders97,761–95,27998,764+1.0%
PromotersFIIsDIIsPublic (non-institutions)
Dec 2025Mar 2026Jun 2026Sep 2026Promoters Dec 2025: 57.77%Promoters Jun 2026: 57.76%Promoters Sep 2026: 55.42%FIIs Dec 2025: 9.35%FIIs Jun 2026: 10.75%FIIs Sep 2026: 12.55%DIIs Dec 2025: 23.21%DIIs Jun 2026: 23.02%DIIs Sep 2026: 23.82%Public (non-institutions) Dec 2025: 9.67%Public (non-institutions) Jun 2026: 8.46%Public (non-institutions) Sep 2026: 8.21%
Promoter group%
Kushal N Desai21.78%
Chaitanya N Desai21.78%
Maithili N Desai Family Private Trust No 2 - Trustee Maithili Trusteeship Services Private Limited10.58%
Maithili N Desai Family Private Trust - Trustee Mr. K. N. Desai and Mr. C. N. Desai0.24%
APAR Corporation Private Limited0.20%
Rishabh Kushal Desai0.16%
Gaurangi Yuvraj Mehra0.16%
Devharsh Chaitanya Desai0.16%
Nitika Chaitanya Desai0.16%
Kushal N Desai Family Private Trust - Trustee K N Desai, C N. Desai and N K Desai0.10%
Chaitanya N Desai Family Private Trust - Trustee C N Desai, K N. Desai and J C Desai0.10%
Noopur Kushal Desai0.01%
Jinisha C. Desai0.01%
Maithili N. Desai0.00%
Rana Biswas0.00%
Public holders above 1%%
Axis Mutual Fund Trustee Limited A/C Axis Mutual Fund A/C Axis Midcap Fund4.53%
Hdfc Small Cap Fund2.66%
Nippon Life India Trustee Ltd-A/C Nippon India Small Cap Fund2.44%
Icici Prudential Multi Cap Fund2.36%
Hsbc Mutual Fund - Hsbc Midcap Fund1.96%
Motilal Oswal Large And Midcap Fund1.68%
Kotak Midcap Fund1.46%
Government Pension Fund Global1.00%

98,764 shareholders. Pledged: 0.00% of promoter shares.

From the company's quarterly shareholding-pattern filings on the exchange (NSE/BSE), latest as of Sep 2026. "pts" = percentage points; the number of shareholders is as filed by the company. No filing on our file for Mar 2026 (shown as –).

Peers in Other Electrical Equipment

CompanyMarket capP/EP/BROEROCEOPMSales 3yDiv yield
WAAREEENER₹65,440 cr17.1x4.5x23.0%33.2%20.2%–0.09%
APARINDS₹60,870 cr51.5x11.3x11.6%32.9%8.7%+16.9%0.34%
PREMIERENE₹39,130 cr23.2x9.1x46.7%29.7%30.0%–0.08%
MTARTECH₹20,738 cr155.4x25.2x17.2%18.3%20.7%+15.2%–
DIACABS₹17,638 cr89.7x––13.0%11.7%––
EMMVEE₹16,661 cr11.6x3.8x53.0%34.1%34.7%––
AVALON₹14,490 cr108.3x20.1x20.0%21.9%11.4%+19.3%0.00%
UTLSOLAR₹11,331 cr36.6x8.9x23.1%25.4%14.6%––
GENUSPOWER₹7,411 cr11.4x3.3x31.9%22.2%18.8%+80.5%0.82%
WAAREERTL₹7,071 cr15.2x6.3x52.4%27.2%17.8%––

All 59 companies in Other Electrical Equipment →

Business segments (FY26)

SegmentRevenueShareEBITMargin
Conductor₹12,712 cr51.9%₹995 cr7.8%
Power / Telecom cables₹6,220 cr25.4%₹595 cr9.6%
Transformer and speciality oils₹5,373 cr21.9%₹364 cr6.8%
Others₹196 cr0.8%₹14 cr7.3%

Dividends & corporate actions

Ex-dateActionDetail
2026-09-11DividendDividend - Rs 60 Per Share
2025-07-29DividendDividend - Rs 51 Per Share
2024-08-20DividendAnnual General Meeting/Dividend - Rs 51 Per Share
2023-08-04DividendAnnual General Meeting/Dividend - Rs 40 Per Share
2022-08-04DividendAnnual General Meeting/Dividend - Rs 15 Per Share
2021-08-05DividendAnnual General Meeting/Dividend - Rs 9.50 Per Share
2020-08-07OtherAnnual General Meeting
2020-03-05DividendInterim Dividend - Rs 9.5 Per Share
2019-07-31DividendAnnual General Meeting/Dividend - Rs 9.50 Per Share
2018-08-01DividendAnnual General Meeting/Dividend- Rs 9.50 Per Share
2017-08-01DividendAnnual General Meeting/Dividend - Rs 10/- Per Share
2017-01-19BuybackBuyback
2016-07-28OtherAnnual General Meeting
2016-03-22DividendInterim Dividend - Rs 5.50/- Per Share + Special Dividend - Re 1/- Per Share (Purpose Revised)
2015-07-30DividendAnnual General Meeting/Dividend - Rs 3.50/- Per Share
2014-07-24DividendAnnual General Meeting / Dividend - Rs 5.25/- Per Share / Annual Book Closure
2013-08-01DividendAnnual General Meeting/Dividend Rs 5.25/- Per Share
2012-11-02DividendAnnual General Meeting And Dividend Rs.4/- Per Share
2011-08-12DividendAnnual General Meeting And Dividend Rs.3.50 Per Share
2010-11-03DividendInterim Dividend-Rs.2.50 Per Share

Latest filings

Filed by the company on NSE in the last 3 months (routine notices left out). The text under each title is a short extract of the company's own filing; the link opens the full original file on the NSE website. Fetched 27 Oct 2026.

Documents

Links go to the original files on the exchange website.

About the company

SectorIndustrials
IndustryOther Electrical Equipment
Sub-industryOther Electrical Equipment
SymbolAPARINDS
BSE code532259
ISININE372A01015
Face value₹10.0
Incorporated1989-09-28
Websitewww.apar.com
Plants (India / abroad)11 / 1

From the company's filings (BRSR FY26).

Data built 2026-10-22 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-27.