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Last Updated: January 2, 2026, 6:52 pm
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 532259 | NSE: APARINDS

Apar Industries Ltd: Intrinsic Value & Share Price Analysis

Share Price and Basic Stock Data

Last Updated: January 2, 2026, 6:52 pm

Market Cap 33,189 Cr.
Current Price 8,264
High / Low 11,797/4,270
Stock P/E35.3
Book Value 1,208
Dividend Yield0.62 %
ROCE32.7 %
ROE19.5 %
Face Value 10.0
PEG Ratio1.24

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Apar Industries Ltd

Competitors

Stock Name Market Cap Current Price High / Low Stock P/E Book Value Dividend Yield ROCE ROE Face Value
HP Adhesives Ltd 391 Cr. 42.7 80.9/40.024.3 20.50.94 %13.6 %9.82 % 2.00
Haryana Leather Chemicals Ltd 31.2 Cr. 63.5 88.8/56.014.9 89.61.57 %8.02 %5.45 % 10.0
Hardcastle & Waud Mfg Co Ltd 49.4 Cr. 726 932/60022.8 6970.00 %6.31 %2.91 % 10.0
Grauer & Weil (India) Ltd 3,700 Cr. 81.6 111/68.224.5 22.00.61 %23.3 %17.6 % 1.00
DMCC Speciality Chemicals Ltd 636 Cr. 256 393/23022.8 93.80.98 %14.1 %9.97 % 10.0
Industry Average12,925.40 Cr718.8567.22183.020.43%12.99%25.41%6.41

All Competitor Stocks of Apar Industries Ltd

Quarterly Result

MetricSep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
Sales 3,2353,9394,0843,7673,9254,0094,4554,0114,6454,7165,2105,1045,715
Expenses 3,0093,5963,6603,4213,5763,6044,0283,6344,2884,3604,7524,6525,255
Operating Profit 226343424346349405427377357356458452461
OPM % 7%9%10%9%9%10%10%9%8%8%9%9%8%
Other Income 1271114192127153334172527
Interest 719479701031131019010111810086108
Depreciation 26262727282931313233363840
Profit before tax 141230328263237284322270257238340353341
Tax % 27%26%26%25%27%23%27%25%24%27%26%25%26%
Net Profit 103170243197174218236203194175250263252
EPS in Rs 26.8244.4063.4351.5945.4454.1658.8150.4248.2743.5562.2365.4562.66

Last Updated: January 2, 2026, 12:07 pm

Below is a detailed analysis of the quarterly data for Apar Industries Ltd based on the most recent figures (Sep 2025) and their trends compared to the previous period:

  • For Sales, as of Sep 2025, the value is 5,715.00 Cr.. The value appears strong and on an upward trend. It has increased from 5,104.00 Cr. (Jun 2025) to 5,715.00 Cr., marking an increase of 611.00 Cr..
  • For Expenses, as of Sep 2025, the value is 5,255.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 4,652.00 Cr. (Jun 2025) to 5,255.00 Cr., marking an increase of 603.00 Cr..
  • For Operating Profit, as of Sep 2025, the value is 461.00 Cr.. The value appears strong and on an upward trend. It has increased from 452.00 Cr. (Jun 2025) to 461.00 Cr., marking an increase of 9.00 Cr..
  • For OPM %, as of Sep 2025, the value is 8.00%. The value appears to be declining and may need further review. It has decreased from 9.00% (Jun 2025) to 8.00%, marking a decrease of 1.00%.
  • For Other Income, as of Sep 2025, the value is 27.00 Cr.. The value appears strong and on an upward trend. It has increased from 25.00 Cr. (Jun 2025) to 27.00 Cr., marking an increase of 2.00 Cr..
  • For Interest, as of Sep 2025, the value is 108.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 86.00 Cr. (Jun 2025) to 108.00 Cr., marking an increase of 22.00 Cr..
  • For Depreciation, as of Sep 2025, the value is 40.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 38.00 Cr. (Jun 2025) to 40.00 Cr., marking an increase of 2.00 Cr..
  • For Profit before tax, as of Sep 2025, the value is 341.00 Cr.. The value appears to be declining and may need further review. It has decreased from 353.00 Cr. (Jun 2025) to 341.00 Cr., marking a decrease of 12.00 Cr..
  • For Tax %, as of Sep 2025, the value is 26.00%. The value appears to be increasing, which may not be favorable. It has increased from 25.00% (Jun 2025) to 26.00%, marking an increase of 1.00%.
  • For Net Profit, as of Sep 2025, the value is 252.00 Cr.. The value appears to be declining and may need further review. It has decreased from 263.00 Cr. (Jun 2025) to 252.00 Cr., marking a decrease of 11.00 Cr..
  • For EPS in Rs, as of Sep 2025, the value is 62.66. The value appears to be declining and may need further review. It has decreased from 65.45 (Jun 2025) to 62.66, marking a decrease of 2.79.

Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: December 15, 2025, 5:39 am

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 4,6285,1085,0784,8325,8187,9647,4256,3889,31714,33616,15318,58120,746
Expenses 4,3214,8434,6984,3985,3937,4726,9305,9488,73913,06914,58516,99919,018
Operating Profit 3072643804344264914954405781,2671,5681,5821,727
OPM % 7%5%7%9%7%6%7%7%6%9%10%9%8%
Other Income 4110151115151933368699104
Interest 155162175131158223254157171344432443412
Depreciation 273138455667879398104116132147
Profit before tax 129721782732232161692083428551,1061,1061,272
Tax % 30%32%32%36%35%37%20%23%25%25%25%26%
Net Profit 9049122177145136135160257638825821940
EPS in Rs 23.3712.8631.6146.1437.8235.5535.3241.9467.09166.64205.41204.46233.89
Dividend Payout % 22%27%21%22%25%27%27%23%22%24%25%25%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)-45.56%148.98%45.08%-18.08%-6.21%-0.74%18.52%60.62%148.25%29.31%-0.48%
Change in YoY Net Profit Growth (%)0.00%194.54%-103.90%-63.16%11.87%5.47%19.25%42.11%87.62%-118.94%-29.80%

Apar Industries Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:14%
5 Years:20%
3 Years:26%
TTM:20%
Compounded Profit Growth
10 Years:32%
5 Years:43%
3 Years:48%
TTM:6%
Stock Price CAGR
10 Years:35%
5 Years:90%
3 Years:86%
1 Year:-12%
Return on Equity
10 Years:20%
5 Years:22%
3 Years:25%
Last Year:20%

Last Updated: September 4, 2025, 11:20 pm

Balance Sheet

Last Updated: December 4, 2025, 12:57 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 38383838383838383838404040
Reserves 6586918159981,0701,1641,1281,3611,6772,1983,8364,4634,812
Borrowings 792494384305363253372325359376476585704
Other Liabilities 1,5101,7321,6802,1072,8053,5013,1163,2754,5335,6055,2646,1755,756
Total Liabilities 2,9982,9562,9193,4484,2764,9574,6544,9996,6088,2189,61611,26411,313
Fixed Assets 3593953985746497098858788819501,1931,5401,553
CWIP 181056282010355293899122130366
Investments 25112119018706031541121928
Other Assets 2,6202,5462,3522,7283,6083,9583,7144,0325,6577,1148,2909,3739,365
Total Assets 2,9982,9562,9193,4484,2764,9574,6544,9996,6088,2189,61611,26411,313

Below is a detailed analysis of the balance sheet data for Apar Industries Ltd based on the most recent figures (Sep 2025) and their trends compared to the previous period:

  • For Equity Capital, as of Sep 2025, the value is 40.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2025) which recorded 40.00 Cr..
  • For Reserves, as of Sep 2025, the value is 4,812.00 Cr.. The value appears strong and on an upward trend. It has increased from 4,463.00 Cr. (Mar 2025) to 4,812.00 Cr., marking an increase of 349.00 Cr..
  • For Borrowings, as of Sep 2025, the value is 704.00 Cr.. The value appears to be increasing, which may not be favorable. Additionally, since Reserves exceed Borrowings, this is considered a positive sign. It has increased from 585.00 Cr. (Mar 2025) to 704.00 Cr., marking an increase of 119.00 Cr..
  • For Other Liabilities, as of Sep 2025, the value is 5,756.00 Cr.. The value appears to be improving (decreasing). It has decreased from 6,175.00 Cr. (Mar 2025) to 5,756.00 Cr., marking a decrease of 419.00 Cr..
  • For Total Liabilities, as of Sep 2025, the value is 11,313.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 11,264.00 Cr. (Mar 2025) to 11,313.00 Cr., marking an increase of 49.00 Cr..
  • For Fixed Assets, as of Sep 2025, the value is 1,553.00 Cr.. The value appears strong and on an upward trend. It has increased from 1,540.00 Cr. (Mar 2025) to 1,553.00 Cr., marking an increase of 13.00 Cr..
  • For CWIP, as of Sep 2025, the value is 366.00 Cr.. The value appears strong and on an upward trend. It has increased from 130.00 Cr. (Mar 2025) to 366.00 Cr., marking an increase of 236.00 Cr..
  • For Investments, as of Sep 2025, the value is 28.00 Cr.. The value appears to be declining and may need further review. It has decreased from 219.00 Cr. (Mar 2025) to 28.00 Cr., marking a decrease of 191.00 Cr..
  • For Other Assets, as of Sep 2025, the value is 9,365.00 Cr.. The value appears to be declining and may need further review. It has decreased from 9,373.00 Cr. (Mar 2025) to 9,365.00 Cr., marking a decrease of 8.00 Cr..
  • For Total Assets, as of Sep 2025, the value is 11,313.00 Cr.. The value appears strong and on an upward trend. It has increased from 11,264.00 Cr. (Mar 2025) to 11,313.00 Cr., marking an increase of 49.00 Cr..

Notably, the Reserves (4,812.00 Cr.) exceed the Borrowings (704.00 Cr.), indicating a solid financial buffer.

Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.

Reserves and Borrowings Chart

Cash Flow - No data available for this post.

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-485.00-230.00-4.00129.0063.00238.00123.00115.00219.00-375.00-475.00-584.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days87917895109989310699818980
Inventory Days1018472102987485119108858382
Days Payable136141130181207188182231207172140137
Cash Conversion Cycle523420150-16-4-61-53225
Working Capital Days1222522216132527185039
ROCE %18%17%28%31%27%30%28%22%27%51%44%33%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
Promoters60.64%60.64%60.64%60.64%57.77%57.77%57.77%57.77%57.77%57.77%57.77%57.77%
FIIs6.73%6.66%7.47%9.09%10.98%11.55%11.51%10.97%10.22%9.87%9.06%9.24%
DIIs17.53%17.95%17.97%17.06%18.62%18.90%19.73%20.41%21.24%20.63%21.79%22.64%
Public15.10%14.75%13.92%13.23%12.63%11.78%11.00%10.85%10.77%11.73%11.38%10.35%
No. of Shareholders58,21262,72671,66092,40394,35490,96991,4911,00,8211,02,3621,14,5531,12,3651,06,316

Shareholding Pattern Chart

No. of Shareholders

Apar Industries Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Kotak Midcap Fund 1,078,777 1.63 988.11N/AN/AN/A
Nippon India Small Cap Fund 899,271 1.2 823.691,080,1162025-12-08 07:42:13-16.74%
Motilal Oswal Large and Midcap Fund 566,518 3.43 518.9578,2772025-12-15 01:28:36-2.03%
HDFC Balanced Advantage Fund 521,148 0.44 477.35N/AN/AN/A
HDFC Small Cap Fund 505,371 1.22 462.89N/AN/AN/A
Axis Midcap Fund 480,252 1.37 439.89297,4692025-12-07 14:46:1561.45%
Axis Flexi Cap Fund 297,434 2.05 272.43N/AN/AN/A
Axis Focused Fund 283,723 2.09 259.88N/AN/AN/A
ICICI Prudential MidCap Fund 257,507 3.34 235.86N/AN/AN/A
Bandhan Small Cap Fund 254,796 1.28 233.38N/AN/AN/A

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) 204.47212.10166.6467.0941.94
Diluted EPS (Rs.) 204.47212.10166.6467.0941.94
Cash EPS (Rs.) 237.38234.36193.9192.6266.35
Book Value[Excl.RevalReserv]/Share (Rs.) 1121.12965.01584.37448.19368.23
Book Value[Incl.RevalReserv]/Share (Rs.) 1121.12965.01584.37448.19368.23
Revenue From Operations / Share (Rs.) 4625.644021.163750.242435.321669.20
PBDIT / Share (Rs.) 409.96400.49330.39151.64114.38
PBIT / Share (Rs.) 377.06371.68303.13126.0889.97
PBT / Share (Rs.) 275.27275.44223.3089.3354.42
Net Profit / Share (Rs.) 204.49205.56166.6467.0541.94
NP After MI And SOA / Share (Rs.) 204.46205.40166.6467.0841.94
PBDIT Margin (%) 8.869.958.806.226.85
PBIT Margin (%) 8.159.248.085.175.38
PBT Margin (%) 5.956.845.953.663.26
Net Profit Margin (%) 4.425.114.442.752.51
NP After MI And SOA Margin (%) 4.425.104.442.752.51
Return on Networth / Equity (%) 18.2321.2828.5114.9611.38
Return on Capital Employeed (%) 30.7234.7246.5823.6520.39
Return On Assets (%) 7.298.587.763.883.20
Long Term Debt / Equity (X) 0.060.080.060.110.13
Total Debt / Equity (X) 0.100.100.130.140.15
Asset Turnover Ratio (%) 1.781.811.851.541.28
Current Ratio (X) 1.471.541.221.221.22
Quick Ratio (X) 0.940.990.770.740.74
Inventory Turnover Ratio (X) 6.025.944.363.853.11
Dividend Payout Ratio (NP) (%) 24.9418.559.0014.160.00
Dividend Payout Ratio (CP) (%) 21.4816.267.7310.250.00
Earning Retention Ratio (%) 75.0681.4591.0085.840.00
Cash Earning Retention Ratio (%) 78.5283.7492.2789.750.00
Interest Coverage Ratio (X) 4.034.164.144.133.22
Interest Coverage Ratio (Post Tax) (X) 3.013.143.092.822.18
Enterprise Value (Cr.) 21953.6527825.499354.382475.331805.89
EV / Net Operating Revenue (X) 1.181.720.650.260.28
EV / EBITDA (X) 13.3317.307.404.274.13
MarketCap / Net Operating Revenue (X) 1.201.740.660.260.28
Retention Ratios (%) 75.0581.4490.9985.830.00
Price / BV (X) 4.947.244.281.451.29
Price / Net Operating Revenue (X) 1.201.740.660.260.28
EarningsYield 0.030.020.060.100.08

After reviewing the key financial ratios for Apar Industries Ltd, here is a detailed analysis based on the latest available data and recent trends:

  • For FaceValue, as of Mar 25, the value is 10.00. This value is within the healthy range. There is no change compared to the previous period (Mar 24) which recorded 10.00.
  • For Basic EPS (Rs.), as of Mar 25, the value is 204.47. This value is within the healthy range. It has decreased from 212.10 (Mar 24) to 204.47, marking a decrease of 7.63.
  • For Diluted EPS (Rs.), as of Mar 25, the value is 204.47. This value is within the healthy range. It has decreased from 212.10 (Mar 24) to 204.47, marking a decrease of 7.63.
  • For Cash EPS (Rs.), as of Mar 25, the value is 237.38. This value is within the healthy range. It has increased from 234.36 (Mar 24) to 237.38, marking an increase of 3.02.
  • For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 1,121.12. It has increased from 965.01 (Mar 24) to 1,121.12, marking an increase of 156.11.
  • For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 1,121.12. It has increased from 965.01 (Mar 24) to 1,121.12, marking an increase of 156.11.
  • For Revenue From Operations / Share (Rs.), as of Mar 25, the value is 4,625.64. It has increased from 4,021.16 (Mar 24) to 4,625.64, marking an increase of 604.48.
  • For PBDIT / Share (Rs.), as of Mar 25, the value is 409.96. This value is within the healthy range. It has increased from 400.49 (Mar 24) to 409.96, marking an increase of 9.47.
  • For PBIT / Share (Rs.), as of Mar 25, the value is 377.06. This value is within the healthy range. It has increased from 371.68 (Mar 24) to 377.06, marking an increase of 5.38.
  • For PBT / Share (Rs.), as of Mar 25, the value is 275.27. This value is within the healthy range. It has decreased from 275.44 (Mar 24) to 275.27, marking a decrease of 0.17.
  • For Net Profit / Share (Rs.), as of Mar 25, the value is 204.49. This value is within the healthy range. It has decreased from 205.56 (Mar 24) to 204.49, marking a decrease of 1.07.
  • For NP After MI And SOA / Share (Rs.), as of Mar 25, the value is 204.46. This value is within the healthy range. It has decreased from 205.40 (Mar 24) to 204.46, marking a decrease of 0.94.
  • For PBDIT Margin (%), as of Mar 25, the value is 8.86. This value is below the healthy minimum of 10. It has decreased from 9.95 (Mar 24) to 8.86, marking a decrease of 1.09.
  • For PBIT Margin (%), as of Mar 25, the value is 8.15. This value is below the healthy minimum of 10. It has decreased from 9.24 (Mar 24) to 8.15, marking a decrease of 1.09.
  • For PBT Margin (%), as of Mar 25, the value is 5.95. This value is below the healthy minimum of 10. It has decreased from 6.84 (Mar 24) to 5.95, marking a decrease of 0.89.
  • For Net Profit Margin (%), as of Mar 25, the value is 4.42. This value is below the healthy minimum of 5. It has decreased from 5.11 (Mar 24) to 4.42, marking a decrease of 0.69.
  • For NP After MI And SOA Margin (%), as of Mar 25, the value is 4.42. This value is below the healthy minimum of 8. It has decreased from 5.10 (Mar 24) to 4.42, marking a decrease of 0.68.
  • For Return on Networth / Equity (%), as of Mar 25, the value is 18.23. This value is within the healthy range. It has decreased from 21.28 (Mar 24) to 18.23, marking a decrease of 3.05.
  • For Return on Capital Employeed (%), as of Mar 25, the value is 30.72. This value is within the healthy range. It has decreased from 34.72 (Mar 24) to 30.72, marking a decrease of 4.00.
  • For Return On Assets (%), as of Mar 25, the value is 7.29. This value is within the healthy range. It has decreased from 8.58 (Mar 24) to 7.29, marking a decrease of 1.29.
  • For Long Term Debt / Equity (X), as of Mar 25, the value is 0.06. This value is below the healthy minimum of 0.2. It has decreased from 0.08 (Mar 24) to 0.06, marking a decrease of 0.02.
  • For Total Debt / Equity (X), as of Mar 25, the value is 0.10. This value is within the healthy range. There is no change compared to the previous period (Mar 24) which recorded 0.10.
  • For Asset Turnover Ratio (%), as of Mar 25, the value is 1.78. It has decreased from 1.81 (Mar 24) to 1.78, marking a decrease of 0.03.
  • For Current Ratio (X), as of Mar 25, the value is 1.47. This value is below the healthy minimum of 1.5. It has decreased from 1.54 (Mar 24) to 1.47, marking a decrease of 0.07.
  • For Quick Ratio (X), as of Mar 25, the value is 0.94. This value is below the healthy minimum of 1. It has decreased from 0.99 (Mar 24) to 0.94, marking a decrease of 0.05.
  • For Inventory Turnover Ratio (X), as of Mar 25, the value is 6.02. This value is within the healthy range. It has increased from 5.94 (Mar 24) to 6.02, marking an increase of 0.08.
  • For Dividend Payout Ratio (NP) (%), as of Mar 25, the value is 24.94. This value is within the healthy range. It has increased from 18.55 (Mar 24) to 24.94, marking an increase of 6.39.
  • For Dividend Payout Ratio (CP) (%), as of Mar 25, the value is 21.48. This value is within the healthy range. It has increased from 16.26 (Mar 24) to 21.48, marking an increase of 5.22.
  • For Earning Retention Ratio (%), as of Mar 25, the value is 75.06. This value exceeds the healthy maximum of 70. It has decreased from 81.45 (Mar 24) to 75.06, marking a decrease of 6.39.
  • For Cash Earning Retention Ratio (%), as of Mar 25, the value is 78.52. This value exceeds the healthy maximum of 70. It has decreased from 83.74 (Mar 24) to 78.52, marking a decrease of 5.22.
  • For Interest Coverage Ratio (X), as of Mar 25, the value is 4.03. This value is within the healthy range. It has decreased from 4.16 (Mar 24) to 4.03, marking a decrease of 0.13.
  • For Interest Coverage Ratio (Post Tax) (X), as of Mar 25, the value is 3.01. This value is within the healthy range. It has decreased from 3.14 (Mar 24) to 3.01, marking a decrease of 0.13.
  • For Enterprise Value (Cr.), as of Mar 25, the value is 21,953.65. It has decreased from 27,825.49 (Mar 24) to 21,953.65, marking a decrease of 5,871.84.
  • For EV / Net Operating Revenue (X), as of Mar 25, the value is 1.18. This value is within the healthy range. It has decreased from 1.72 (Mar 24) to 1.18, marking a decrease of 0.54.
  • For EV / EBITDA (X), as of Mar 25, the value is 13.33. This value is within the healthy range. It has decreased from 17.30 (Mar 24) to 13.33, marking a decrease of 3.97.
  • For MarketCap / Net Operating Revenue (X), as of Mar 25, the value is 1.20. This value is within the healthy range. It has decreased from 1.74 (Mar 24) to 1.20, marking a decrease of 0.54.
  • For Retention Ratios (%), as of Mar 25, the value is 75.05. This value exceeds the healthy maximum of 70. It has decreased from 81.44 (Mar 24) to 75.05, marking a decrease of 6.39.
  • For Price / BV (X), as of Mar 25, the value is 4.94. This value exceeds the healthy maximum of 3. It has decreased from 7.24 (Mar 24) to 4.94, marking a decrease of 2.30.
  • For Price / Net Operating Revenue (X), as of Mar 25, the value is 1.20. This value is within the healthy range. It has decreased from 1.74 (Mar 24) to 1.20, marking a decrease of 0.54.
  • For EarningsYield, as of Mar 25, the value is 0.03. This value is below the healthy minimum of 5. It has increased from 0.02 (Mar 24) to 0.03, marking an increase of 0.01.

Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Apar Industries Ltd as of January 3, 2026 is: ₹6,693.46

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of January 3, 2026, Apar Industries Ltd is Overvalued by 19.00% compared to the current share price ₹8,264.00

Intrinsic Value of Apar Industries Ltd as of January 3, 2026 is: ₹8,592.54

Calculation basis:

  • Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of January 3, 2026, Apar Industries Ltd is Undervalued by 3.98% compared to the current share price ₹8,264.00

Last 5 Year EPS CAGR: 28.37%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock has a high average ROCE of 29.67%, which is a positive sign.
  2. The stock has a low average Working Capital Days of 21.67, which is a positive sign.
  3. The company has higher reserves (1,913.15 cr) compared to borrowings (445.23 cr), indicating strong financial stability.
  4. The company has shown consistent growth in sales (9.23 cr) and profit (205.23 cr) over the years.
  1. The stock has a high average Cash Conversion Cycle of 12.33, which may not be favorable.

Stock Analysis

  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Apar Industries Ltd:
    1. Net Profit Margin: 4.42%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 30.72% (Industry Average ROCE: 12.99%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ROE%: 18.23% (Industry Average ROE: 25.41%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): 3.01
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: 0.94
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. Stock P/E: 35.3 (Industry average Stock P/E: 67.22)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. Total Debt / Equity: 0.1
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

About the Company - Qualitative Analysis

Apar Industries Ltd. is a Public Limited Listed company incorporated on 28/09/1989 and has its registered office in the State of Gujarat, India. Company's Corporate Identification Number(CIN) is L91110GJ1989PLC012802 and registration number is 012802. Currently Company is involved in the business activities of Manufacture of other electronic and electric wires and cables (insulated wire and cable made of steel, copper, aluminium). Company's Total Operating Revenue is Rs. 17552.26 Cr. and Equity Capital is Rs. 40.17 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Chemicals - Speciality - Others301, Panorama Complex, Vadodra Gujarat 390007Contact not found
Management
NamePosition Held
Mr. Kushal N DesaiChairman & M.D & CEO
Mr. C N DesaiManaging Director
Mrs. Nirupa K BhattInd. Non-Executive Director
Mr. Rajesh SehgalInd. Non-Executive Director
Mr. Kaushal J SampatInd. Non-Executive Director
Mr. Rishabh K DesaiNon Exe.Non Ind.Director

FAQ

What is the intrinsic value of Apar Industries Ltd?

Apar Industries Ltd's intrinsic value (as of 03 January 2026) is ₹6693.46 which is 19.00% lower the current market price of ₹8,264.00, indicating overvalued. Calculated using the PE ratio method, this valuation considers the company's ₹33,189 Cr. market cap, FY2025-2026 high/low of ₹11,797/4,270, reserves of ₹4,812 Cr, and liabilities of ₹11,313 Cr.

What is the Market Cap of Apar Industries Ltd?

The Market Cap of Apar Industries Ltd is 33,189 Cr..

What is the current Stock Price of Apar Industries Ltd as on 03 January 2026?

The current stock price of Apar Industries Ltd as on 03 January 2026 is ₹8,264.

What is the High / Low of Apar Industries Ltd stocks in FY 2025-2026?

In FY 2025-2026, the High / Low of Apar Industries Ltd stocks is ₹11,797/4,270.

What is the Stock P/E of Apar Industries Ltd?

The Stock P/E of Apar Industries Ltd is 35.3.

What is the Book Value of Apar Industries Ltd?

The Book Value of Apar Industries Ltd is 1,208.

What is the Dividend Yield of Apar Industries Ltd?

The Dividend Yield of Apar Industries Ltd is 0.62 %.

What is the ROCE of Apar Industries Ltd?

The ROCE of Apar Industries Ltd is 32.7 %.

What is the ROE of Apar Industries Ltd?

The ROE of Apar Industries Ltd is 19.5 %.

What is the Face Value of Apar Industries Ltd?

The Face Value of Apar Industries Ltd is 10.0.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Apar Industries Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE