₹17,500
▲ +157.81 +0.91%
As of 11 Sept 2026 · delayed
NSE Listed · Capital Goods - Electrical Equipment
Apar Industries Ltd. (APARINDS)
Volume: 1,69,196Avg Vol 1W: 1,15,342Avg Vol 1M: 1,37,02552W Range:₹6,801₹18,465
Key Ratios
Checked just nowMarket Cap₹73,277 Cr
Current Price₹17,500
Previous Close₹17,342.19
High / Low (52w)₹18,465 / ₹6,801
Volume1,69,196
Avg Vol (1W)1,15,342
Avg Vol (1M)1,37,025
Stock P/E60.79
Book Value₹1,885.11
Dividend Yield33%
ROE18.11%
ROA8.62%
Revenue (TTM)—
Revenue Growth15.03%
Profit Margin486.37%
Total Debt₹298 Cr
Shares Outstanding4 Cr
Face Value₹10
EPS (TTM)₹287.86
P/B9.28
Debt / Equity0.16
50 DMA₹15,733.28
200 DMA₹12,015.49
Day change+0.91%
Price Chart
₹17,500▲ 106.57% · 1Y
2025-09-112026-09-11
20-day avg volume: 1.3L shares
Pros
- Healthy return on equity of 18.1%.
- Pays a dividend yield of 33.0%.
- Company is almost debt-free.
- Net profit is growing year over year.
Cons
- Stock trades at a high P/E of 61.
Quarterly Results
| Metric | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹4,645 Cr | ₹4,716 Cr | ₹5,210 Cr | ₹5,104 Cr | ₹5,715 Cr | ₹5,480 Cr | ₹6,603 Cr | ₹6,591 Cr |
| EBITDA | ₹357 Cr | ₹357 Cr | ₹440 Cr | ₹439 Cr | ₹448 Cr | ₹419 Cr | ₹473 Cr | ₹746 Cr |
| Net Profit | ₹194 Cr | ₹175 Cr | ₹250 Cr | ₹263 Cr | ₹252 Cr | ₹209 Cr | ₹253 Cr | ₹467 Cr |
| EPS | — | — | — | — | — | — | — | — |
Profit & Loss (Annual)
| Metric | Mar 2025 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹18,681 Cr | ₹4,981 Cr | ₹4,881 Cr | ₹5,463 Cr | ₹5,192 Cr | ₹6,461 Cr | ₹22,967 Cr | ₹6,477 Cr |
| EBITDA | ₹1,515 Cr | ₹429 Cr | ₹430 Cr | ₹446 Cr | ₹407 Cr | ₹473 Cr | ₹1,780 Cr | ₹732 Cr |
| Net Profit | ₹821 Cr | ₹244 Cr | ₹258 Cr | ₹254 Cr | ₹208 Cr | ₹255 Cr | ₹977 Cr | ₹453 Cr |
| EPS | 204.47 | — | — | — | — | — | 242.81 | — |
Balance Sheet
| Metric | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | ₹5,021 Cr | ₹4,654 Cr | ₹4,999 Cr | ₹6,608 Cr | ₹8,218 Cr | ₹9,616 Cr | ₹11,264 Cr | ₹13,711 Cr |
| Total Liabilities | ₹3,819 Cr | ₹3,487 Cr | ₹3,599 Cr | ₹4,892 Cr | ₹5,981 Cr | ₹5,739 Cr | ₹6,760 Cr | ₹8,318 Cr |
| Equity | ₹1,202 Cr | ₹1,166 Cr | ₹1,400 Cr | ₹1,715 Cr | ₹2,236 Cr | ₹3,876 Cr | ₹4,504 Cr | ₹5,393 Cr |
| Total Debt | — | — | — | — | — | — | — | — |
Cash Flow
| Metric | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Operating | ₹705 Cr | ₹174 Cr | ₹326 Cr | ₹335 Cr | ₹917 Cr | ₹-36 Cr | ₹1,560 Cr | ₹1,340 Cr |
| Investing | ₹-388 Cr | ₹45 Cr | ₹-115 Cr | ₹-91 Cr | ₹-267 Cr | ₹-268 Cr | ₹-705 Cr | ₹-558 Cr |
| Financing | ₹-293 Cr | ₹-189 Cr | ₹-123 Cr | ₹-106 Cr | ₹-186 Cr | ₹635 Cr | ₹-483 Cr | ₹-434 Cr |
| Free Cash Flow | ₹705 Cr | ₹174 Cr | ₹326 Cr | ₹335 Cr | ₹917 Cr | ₹-36 Cr | ₹1,560 Cr | ₹1,340 Cr |
Shareholding
Promoter 55.42% Institutions 36.24% Public 8.34%
Efficiency & Working Capital
ROCE27.5%
Interest Coverage3.8
Dividend Payout—
Debtor Days85 d
Inventory Days66 d
Payable Days109 d
Cash Conversion Cycle42 d
Working Capital Days151 d
Shareholding Details
As of 2026-08-31
Promoter55.4%
FII11.4%
DII24.9%
Institutions36.2%
Public8.3%
Promoter Pledge0%
No. of Shareholders97,938
Shareholding Pattern
Quarterly — figures in %. Latest 12 quarters.
| Period | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Aug 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 57.8% | 57.8% | 57.8% | 57.8% | 57.8% | 57.8% | 57.8% | 57.8% | 57.8% | 57.8% | 57.8% | 55.4% |
| FIIs | 11% | 11.5% | 11.5% | 11% | 10.2% | 9.9% | 9.1% | 9.2% | 9.4% | 9.4% | 10.8% | 11.4% |
| DIIs | 17.4% | 18.9% | 19.7% | 20.4% | 21.2% | 20.6% | 21.8% | 22.6% | 23.2% | 24.2% | 23% | 24.9% |
| Public | 13.8% | 11.8% | 11% | 10.9% | 10.8% | 11.7% | 11.4% | 10.4% | 9.7% | 8.7% | 8.5% | 8.3% |
| Promoter Pledge | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| No. of Shareholders | 94,354 | 90,969 | 91,491 | 1,00,821 | 1,02,362 | 1,14,553 | 1,12,365 | 1,06,316 | 97,761 | 89,009 | 95,279 | 97,938 |
Returns History (ROE / ROCE / ROA)
| Period | ROE | ROCE | ROA | P/E |
|---|---|---|---|---|
| 202603 | — | — | — | — |
Major Shareholders (>1%)
| Name | Category | Stake | Shares |
|---|---|---|---|
| Kushal N Desai | Shareholding of Promoter and Promoter Group | 21.8% | 91,19,684 |
| Chaitanya N Desai | Shareholding of Promoter and Promoter Group | 21.8% | 91,19,684 |
| Maithili N Desai Family Private Trust No 2 - Trustee Maithili Trusteeship Services Private Limited | Shareholding of Promoter and Promoter Group | 10.6% | 44,28,187 |
| Axis Mutual Fund Trustee Limited A/c Axis Mutual Fund A/c Axis Midcap Fund | Public Shareholding | 4.6% | 19,23,848 |
| Hdfc Small Cap Fund | Public Shareholding | 2.7% | 11,48,103 |
| Kotak Midcap Fund | Public Shareholding | 2.6% | 10,67,124 |
| Nippon Life India Trustee Ltd-a/c Nippon India Small Cap Fund | Public Shareholding | 2.6% | 10,67,546 |
| Icici Prudential Multicap Fund | Public Shareholding | 2.3% | 9,51,547 |
| Motilal Oswal Large And Midcap Fund | Public Shareholding | 1.8% | 7,31,236 |
| Hsbc Mutual Fund - Hsbc Midcap Fund | Public Shareholding | 1.6% | 6,74,417 |
| Government Pension Fund Global | Public Shareholding | 1.1% | 4,46,296 |
| Maithili N Desai Family Private Trust - Trustee Mr. K. N. Desai And Mr. C. N. Desai | Shareholding of Promoter and Promoter Group | 0.2% | 98,983 |
| Apar Corporation Private Limited | Shareholding of Promoter and Promoter Group | 0.2% | 84,353 |
| Rishabh Kushal Desai | Shareholding of Promoter and Promoter Group | 0.2% | 65,778 |
| Gaurangi Yuvraj Mehra | Shareholding of Promoter and Promoter Group | 0.2% | 65,778 |
| Devharsh Chaitanya Desai | Shareholding of Promoter and Promoter Group | 0.2% | 65,778 |
| Nitika Chaitanya Desai | Shareholding of Promoter and Promoter Group | 0.2% | 65,778 |
| Kushal N Desai Family Private Trust - Trustee K N Desai, C N. Desai And N K Desai | Shareholding of Promoter and Promoter Group | 0.1% | 40,000 |
| Chaitanya N Desai Family Private Trust - Trustee C N Desai, K N. Desai And J C Desai | Shareholding of Promoter and Promoter Group | 0.1% | 40,000 |
| Noopur Kushal Desai | Shareholding of Promoter and Promoter Group | 0% | 5,000 |
| Jinisha C. Desai | Shareholding of Promoter and Promoter Group | 0% | 5,000 |
| Rana Biswas | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Hansa Mehta | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Vineeta Srivastava | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Hina Kothari | Shareholding of Promoter and Promoter Group | 0% | 0 |
Board of Directors
| Name | Designation | Year |
|---|---|---|
| Kushal N Desai | Chairman & MD & CEO | 2025 |
| C N Desai | Managing Director | 2025 |
| Sanjaya Kunder | Company Sec. & Compli. Officer | 2025 |
| Rajesh Sehgal | Independent Director | 2025 |
| Rishabh K Desai | Whole Time Director | 2025 |
| KAUSHAL JAYSINGH SAMPAT | Independent Director | 2025 |
| Nirupa Kiran Bhatt | Independent Director | 2025 |
| Pitamber Shivnani | Independent Director | 2025 |
Segments — Product
| Segment | Revenue | Share |
|---|---|---|
| Conductors | ₹3,771 Cr | 43.9% |
| Transformer & Specialities Oils | ₹2,805 Cr | 32.6% |
| Power/ Telecom Cables | ₹1,963 Cr | 22.8% |
| Others | ₹57 Cr | 0.7% |
Segments — Geography
| Region | Revenue | Share |
|---|---|---|
| Within India | ₹16,088 Cr | 73.1% |
| Outside India | ₹5,908 Cr | 26.9% |
Capital Structure (₹ Cr)
| Year | Face Value | Authorised | Issued | Paid-up |
|---|---|---|---|---|
| 2026 | ₹10 | 102 | 40 | 40 |
Corporate Actions
| Type | Date | Value | Remark |
|---|---|---|---|
| forthcoming | 2026-09-11 | Dividend | — |
| dividend | 2026-09-11 | ₹60 (600%) | Final |
| forthcoming | 2026-07-24 | Board Meetings | — |
| dividend | 2025-07-29 | ₹51 (510%) | Final |
Related-Party Transactions (₹ Cr)
| Year | Subsidiaries | Associates | JV | KMP | Others | Total |
|---|---|---|---|---|---|---|
| 2026 | 691 | 7 | 0 | 129 | 28 | 856 |
| 2026 | 4 | 0 | 0 | 0 | 0 | 4 |
| 2026 | 230 | 7 | 0 | 129 | 28 | 395 |
Insider / Designated-Person Trades
22 recent disclosure(s)
DEVHARSH C DESAIDisposal · 65,777
JINISHA C DESAIAcquisition · 4,500
GAURANGI K DESAIAcquisition · 62,578
RISHABH K DESAIAcquisition · 23,380
NOOPUR K DESAIAcquisition · 2,861
CHAITANYA N. DESAIDisposal · 4,501
Substantial Acquisitions (SAST)
11 disclosure(s)
Off Market / Inter se transfer25/06/2024 · 23,380
Off Market / Inter se transfer25/06/2024 · 2,861
Off Market / Inter se transfer25/06/2024 · 65,778
Off Market / Inter se transfer25/06/2024 · 65,778
Off Market / Inter se transfer25/06/2024 · 88,819
Off Market / Inter se transfer25/06/2024 · 4,500
Company Information
Incorporated1989
ChairmanKushal N Desai
AuditorC N K & Associates LLP
Investor Email[email protected]; [email protected]
📍 301 Panorama Complex, R C Dutt Road, Vadodara, Gujarat, 390007
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