Apar Industries Ltd
Apar, founded by Mr. Dharmsinh D. Desai in 1958, is a market leader in India with a global presence. Contributing to India’s process of electrification it started from manufacturing power transmission cables to having three broad business segments, which are Conductors, Transformer and specialty oils (TSO), and Power/telecom Cables. [1] [2]
- Market Cap ₹ 40,795 Cr.
- Current Price ₹ 10,163
- High / Low ₹ 11,025 / 5,151
- Stock P/E 49.9
- Book Value ₹ 972
- Dividend Yield 0.50 %
- ROCE 46.1 %
- ROE 28.4 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 41.8% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 26.8%
- Company has been maintaining a healthy dividend payout of 25.0%
Cons
- Stock is trading at 10.5 times its book value
- Company's cost of borrowing seems high
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Capital Goods - Electrical Equipment Industry: Electric Equipment
Part of BSE 250 SmallCap Index Nifty 500 Nifty Smallcap 100 BSE Industrials BSE Allcap
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
4,525 | 4,474 | 4,998 | 5,024 | 4,776 | 5,516 | 7,586 | 7,017 | 5,961 | 8,592 | 13,153 | 15,109 | 16,030 | |
4,221 | 4,193 | 4,745 | 4,649 | 4,339 | 5,104 | 7,099 | 6,544 | 5,565 | 8,064 | 11,969 | 13,590 | 14,545 | |
Operating Profit | 304 | 281 | 253 | 375 | 436 | 412 | 487 | 473 | 395 | 528 | 1,183 | 1,519 | 1,485 |
OPM % | 7% | 6% | 5% | 7% | 9% | 7% | 6% | 7% | 7% | 6% | 9% | 10% | 9% |
3 | 5 | 8 | 10 | 15 | 11 | 15 | 22 | 22 | 37 | 41 | 88 | 105 | |
Interest | 142 | 155 | 162 | 175 | 129 | 152 | 214 | 244 | 148 | 163 | 323 | 405 | 385 |
Depreciation | 24 | 27 | 31 | 38 | 43 | 50 | 60 | 79 | 85 | 87 | 92 | 103 | 110 |
Profit before tax | 140 | 104 | 68 | 173 | 279 | 221 | 228 | 172 | 185 | 316 | 810 | 1,099 | 1,095 |
Tax % | 27% | 34% | 30% | 33% | 35% | 35% | 35% | 19% | 26% | 26% | 26% | 25% | |
102 | 69 | 48 | 116 | 182 | 144 | 147 | 139 | 137 | 234 | 603 | 823 | 818 | |
EPS in Rs | 26.56 | 17.88 | 12.43 | 30.05 | 47.64 | 37.64 | 38.44 | 36.32 | 35.75 | 61.04 | 157.48 | 204.96 | 203.55 |
Dividend Payout % | 20% | 29% | 28% | 22% | 21% | 25% | 25% | 26% | 27% | 25% | 25% | 25% |
Compounded Sales Growth | |
---|---|
10 Years: | 13% |
5 Years: | 15% |
3 Years: | 36% |
TTM: | 10% |
Compounded Profit Growth | |
---|---|
10 Years: | 28% |
5 Years: | 42% |
3 Years: | 82% |
TTM: | 6% |
Stock Price CAGR | |
---|---|
10 Years: | 39% |
5 Years: | 92% |
3 Years: | 137% |
1 Year: | 80% |
Return on Equity | |
---|---|
10 Years: | 20% |
5 Years: | 23% |
3 Years: | 27% |
Last Year: | 28% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 38 | 38 | 38 | 38 | 38 | 38 | 38 | 38 | 38 | 38 | 38 | 40 | 40 |
Reserves | 522 | 568 | 598 | 722 | 910 | 981 | 1,087 | 1,051 | 1,258 | 1,547 | 2,021 | 3,656 | 3,863 |
984 | 792 | 494 | 361 | 246 | 304 | 194 | 256 | 246 | 293 | 325 | 421 | 481 | |
1,662 | 1,526 | 1,718 | 1,656 | 2,036 | 2,676 | 3,364 | 2,969 | 3,113 | 4,278 | 5,220 | 4,873 | 5,200 | |
Total Liabilities | 3,206 | 2,925 | 2,849 | 2,777 | 3,230 | 3,999 | 4,683 | 4,314 | 4,656 | 6,156 | 7,605 | 8,990 | 9,584 |
242 | 338 | 373 | 398 | 468 | 544 | 604 | 742 | 733 | 732 | 793 | 1,043 | 1,102 | |
CWIP | 45 | 18 | 9 | 21 | 28 | 19 | 103 | 55 | 29 | 37 | 99 | 122 | 184 |
Investments | 108 | 30 | 31 | 110 | 119 | 0 | 187 | 0 | 62 | 32 | 56 | 10 | 136 |
2,810 | 2,539 | 2,436 | 2,249 | 2,616 | 3,435 | 3,789 | 3,516 | 3,832 | 5,355 | 6,657 | 7,814 | 8,161 | |
Total Assets | 3,206 | 2,925 | 2,849 | 2,777 | 3,230 | 3,999 | 4,683 | 4,314 | 4,656 | 6,156 | 7,605 | 8,990 | 9,584 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
415 | -612 | 227 | 401 | 310 | 204 | 630 | 105 | 226 | 218 | 577 | -235 | |
-202 | -12 | -47 | -173 | -110 | 0 | -381 | 55 | -117 | -77 | -251 | -263 | |
-5 | -181 | -369 | -176 | -193 | -65 | -288 | -202 | -68 | -82 | -161 | 650 | |
Net Cash Flow | 207 | -805 | -189 | 52 | 7 | 139 | -40 | -41 | 42 | 59 | 165 | 151 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 64 | 85 | 90 | 78 | 94 | 111 | 100 | 94 | 110 | 103 | 83 | 90 |
Inventory Days | 76 | 103 | 85 | 72 | 97 | 98 | 74 | 86 | 120 | 109 | 89 | 83 |
Days Payable | 154 | 142 | 143 | 131 | 177 | 208 | 190 | 184 | 234 | 211 | 175 | 138 |
Cash Conversion Cycle | -14 | 47 | 33 | 19 | 14 | 1 | -16 | -4 | -4 | 1 | -3 | 35 |
Working Capital Days | 7 | 62 | 48 | 23 | 35 | 33 | 11 | 18 | 31 | 33 | 25 | 54 |
ROCE % | 19% | 17% | 18% | 31% | 35% | 29% | 33% | 31% | 23% | 28% | 53% | 46% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
20 Dec - Of Newspaper Publication w.r.t submission of Notice of Postal Ballot dated October 29, 2024.
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Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate
19 Dec - Information regarding loss of share certificates by shareholders.
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Intimation Under Regulation 30 Of SEBI LODR, 2015
19 Dec - Penalty of Rs. 1,15,47,372 imposed by DGGI.
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Shareholder Meeting / Postal Ballot-Notice of Postal Ballot
19 Dec - Notice of Postal Ballot for shareholder resolutions.
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 5 Dec
Annual reports
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Financial Year 2024
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2012
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Financial Year 2011
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Leadership[1]
- 1 Largest global aluminium & alloy conductors’ manufacturer
** - 3rd Largest global manufacturer of Transformer oils
** - 1 Cables manufacturer for renewables in India