Apar Industries Ltd: Intrinsic Value & Share Price Analysis

Share Price and Basic Stock Data

Last Updated: April 27, 2025, 1:18 am

Market Cap	22,251 Cr.
Current Price	5,540
High / Low	11,797/4,270
Stock P/E	27.6
Book Value	1,023
Dividend Yield	0.92 %
ROCE	44.0 %
ROE	26.8 %
Face Value	10.0
PEG Ratio	0.75

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

Stock P/E Current Price Intrinsic Value

View Share Price Target for Apar Industries Ltd

Competitors of Apar Industries Ltd

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
HP Adhesives Ltd	483 Cr.	52.7	108/42.6	25.0	19.2	0.57 %	17.7 %	12.6 %	2.00
Haryana Leather Chemicals Ltd	35.3 Cr.	71.9	124/62.6	8.57	87.2	1.39 %	8.96 %	7.25 %	10.0
Hardcastle & Waud Mfg Co Ltd	56.9 Cr.	837	1,355/600	32.5	663	0.00 %	7.00 %	5.98 %	10.0
Grauer & Weil (India) Ltd	3,919 Cr.	86.4	120/72.2	24.4	19.2	0.58 %	26.1 %	19.6 %	1.00
DMCC Speciality Chemicals Ltd	781 Cr.	313	453/241	37.4	85.4	0.32 %	7.55 %	2.89 %	10.0
Industry Average	12,702.52 Cr	730.91		50.16	174.40	0.38%	14.02%	10.73%	6.44

All Competitor Stocks of Apar Industries Ltd

Quarterly Result

Metric	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
Sales	2,229	3,012	3,093	3,235	3,939	4,084	3,767	3,925	4,009	4,455	4,011	4,645	4,716
Expenses	2,112	2,839	2,856	3,009	3,596	3,660	3,421	3,576	3,604	4,028	3,635	4,288	4,360
Operating Profit	117	174	237	226	343	424	346	349	405	427	376	357	356
OPM %	5%	6%	8%	7%	9%	10%	9%	9%	10%	10%	9%	8%	8%
Other Income	7	9	4	12	7	11	14	19	21	27	16	33	34
Interest	26	46	61	71	94	79	70	103	113	101	90	101	118
Depreciation	25	25	25	26	26	27	27	28	29	31	31	32	33
Profit before tax	74	112	156	141	230	328	263	237	284	322	270	257	238
Tax %	26%	26%	21%	27%	26%	26%	25%	27%	23%	27%	25%	24%	27%
Net Profit	55	83	122	103	170	243	197	174	218	236	203	194	175
EPS in Rs	14.36	21.59	32.00	26.82	44.40	63.43	51.59	45.44	54.16	58.81	50.42	48.27	43.55

Last Updated: March 3, 2025, 5:36 pm

Below is a detailed analysis of the quarterly data for Apar Industries Ltd based on the most recent figures (Dec 2024) and their trends compared to the previous period:

For Sales, as of Dec 2024, the value is 4,716.00 Cr.. The value appears strong and on an upward trend. It has increased from 4,645.00 Cr. (Sep 2024) to 4,716.00 Cr., marking an increase of 71.00 Cr..
For Expenses, as of Dec 2024, the value is 4,360.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 4,288.00 Cr. (Sep 2024) to 4,360.00 Cr., marking an increase of 72.00 Cr..
For Operating Profit, as of Dec 2024, the value is 356.00 Cr.. The value appears to be declining and may need further review. It has decreased from 357.00 Cr. (Sep 2024) to 356.00 Cr., marking a decrease of 1.00 Cr..
For OPM %, as of Dec 2024, the value is 8.00%. The value remains steady. There is no change compared to the previous period (Sep 2024) which recorded 8.00%.
For Other Income, as of Dec 2024, the value is 34.00 Cr.. The value appears strong and on an upward trend. It has increased from 33.00 Cr. (Sep 2024) to 34.00 Cr., marking an increase of 1.00 Cr..
For Interest, as of Dec 2024, the value is 118.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 101.00 Cr. (Sep 2024) to 118.00 Cr., marking an increase of 17.00 Cr..
For Depreciation, as of Dec 2024, the value is 33.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 32.00 Cr. (Sep 2024) to 33.00 Cr., marking an increase of 1.00 Cr..
For Profit before tax, as of Dec 2024, the value is 238.00 Cr.. The value appears to be declining and may need further review. It has decreased from 257.00 Cr. (Sep 2024) to 238.00 Cr., marking a decrease of 19.00 Cr..
For Tax %, as of Dec 2024, the value is 27.00%. The value appears to be increasing, which may not be favorable. It has increased from 24.00% (Sep 2024) to 27.00%, marking an increase of 3.00%.
For Net Profit, as of Dec 2024, the value is 175.00 Cr.. The value appears to be declining and may need further review. It has decreased from 194.00 Cr. (Sep 2024) to 175.00 Cr., marking a decrease of 19.00 Cr..
For EPS in Rs, as of Dec 2024, the value is 43.55. The value appears to be declining and may need further review. It has decreased from 48.27 (Sep 2024) to 43.55, marking a decrease of 4.72.

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: March 7, 2025, 9:17 pm

Metric	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
Sales	4,643	4,628	5,108	5,078	4,832	5,818	7,964	7,425	6,388	9,317	14,336	16,153	17,827
Expenses	4,322	4,321	4,843	4,698	4,398	5,393	7,472	6,930	5,948	8,739	13,069	14,585	16,312
Operating Profit	321	307	264	380	434	426	491	495	440	578	1,267	1,568	1,515
OPM %	7%	7%	5%	7%	9%	7%	6%	7%	7%	6%	9%	10%	8%
Other Income	-3	4	1	10	15	11	15	15	19	33	36	86	111
Interest	144	155	162	175	131	158	223	254	157	171	344	432	410
Depreciation	24	27	31	38	45	56	67	87	93	98	104	116	128
Profit before tax	150	129	72	178	273	223	216	169	208	342	855	1,106	1,087
Tax %	27%	30%	32%	32%	36%	35%	37%	20%	23%	25%	25%	25%
Net Profit	110	90	49	122	177	145	136	135	160	257	638	825	808
EPS in Rs	28.45	23.37	12.86	31.61	46.14	37.82	35.55	35.32	41.94	67.09	166.64	205.41	201.05
Dividend Payout %	18%	22%	27%	21%	22%	25%	27%	27%	23%	22%	24%	25%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2013-2014	2014-2015	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024
YoY Net Profit Growth (%)	-18.18%	-45.56%	148.98%	45.08%	-18.08%	-6.21%	-0.74%	18.52%	60.62%	148.25%	29.31%
Change in YoY Net Profit Growth (%)	0.00%	-27.37%	194.54%	-103.90%	-63.16%	11.87%	5.47%	19.25%	42.11%	87.62%	-118.94%

Apar Industries Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2013-2014 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:	13%
5 Years:	15%
3 Years:	36%
TTM:	13%

Compounded Profit Growth
10 Years:	25%
5 Years:	44%
3 Years:	73%
TTM:	-3%

Stock Price CAGR
10 Years:	32%
5 Years:	78%
3 Years:	103%
1 Year:	-29%

Return on Equity
10 Years:	19%
5 Years:	22%
3 Years:	26%
Last Year:	27%

Last Updated: Unknown

Balance Sheet

Last Updated: November 15, 2024, 1:42 am

Month	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	588	658	691	815	998	1,070	1,164	1,128	1,361	1,677	2,198	3,836	4,067
Borrowings	984	792	494	384	305	363	253	372	325	359	376	476	543
Other Liabilities	1,648	1,510	1,732	1,680	2,107	2,805	3,501	3,116	3,275	4,533	5,605	5,264	5,474
Total Liabilities	3,258	2,998	2,956	2,919	3,448	4,276	4,957	4,654	4,999	6,608	8,218	9,616	10,124
Fixed Assets	263	359	395	398	574	649	709	885	878	881	950	1,193	1,247
CWIP	45	18	10	56	28	20	103	55	29	38	99	122	189
Investments	80	2	5	112	119	0	187	0	60	31	54	11	139
Other Assets	2,870	2,620	2,546	2,352	2,728	3,608	3,958	3,714	4,032	5,657	7,114	8,290	8,550
Total Assets	3,258	2,998	2,956	2,919	3,448	4,276	4,957	4,654	4,999	6,608	8,218	9,616	10,124

Below is a detailed analysis of the balance sheet data for Apar Industries Ltd based on the most recent figures (Sep 2024) and their trends compared to the previous period:

For Equity Capital, as of Sep 2024, the value is ₹40.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded 40.00 Cr..
For Reserves, as of Sep 2024, the value is ₹4,067.00 Cr.. The value appears strong and on an upward trend. It has increased from 3,836.00 Cr. (Mar 2024) to ₹4,067.00 Cr., marking an increase of 231.00 Cr..
For Borrowings, as of Sep 2024, the value is ₹543.00 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 476.00 Cr. (Mar 2024) to ₹543.00 Cr., marking an increase of 67.00 Cr..
For Other Liabilities, as of Sep 2024, the value is ₹5,474.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 5,264.00 Cr. (Mar 2024) to ₹5,474.00 Cr., marking an increase of 210.00 Cr..
For Total Liabilities, as of Sep 2024, the value is ₹10,124.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 9,616.00 Cr. (Mar 2024) to ₹10,124.00 Cr., marking an increase of 508.00 Cr..
For Fixed Assets, as of Sep 2024, the value is ₹1,247.00 Cr.. The value appears strong and on an upward trend. It has increased from 1,193.00 Cr. (Mar 2024) to ₹1,247.00 Cr., marking an increase of 54.00 Cr..
For CWIP, as of Sep 2024, the value is ₹189.00 Cr.. The value appears strong and on an upward trend. It has increased from 122.00 Cr. (Mar 2024) to ₹189.00 Cr., marking an increase of 67.00 Cr..
For Investments, as of Sep 2024, the value is ₹139.00 Cr.. The value appears strong and on an upward trend. It has increased from 11.00 Cr. (Mar 2024) to ₹139.00 Cr., marking an increase of 128.00 Cr..
For Other Assets, as of Sep 2024, the value is ₹8,550.00 Cr.. The value appears strong and on an upward trend. It has increased from 8,290.00 Cr. (Mar 2024) to ₹8,550.00 Cr., marking an increase of 260.00 Cr..
For Total Assets, as of Sep 2024, the value is ₹10,124.00 Cr.. The value appears strong and on an upward trend. It has increased from 9,616.00 Cr. (Mar 2024) to ₹10,124.00 Cr., marking an increase of 508.00 Cr..

Notably, the Reserves (4,067.00 Cr.) exceed the Borrowings (543.00 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

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Cash from Operating Activity +	453	-632	298	412	312	225	632	94	281	244	698	-283
Cash from Investing Activity +	-208	-12	-59	-223	-166	-5	-388	45	-115	-91	-267	-267
Cash from Financing Activity +	-23	-181	-369	-153	-157	-69	-293	-189	-123	-106	-186	635
Net Cash Flow	223	-824	-130	36	-11	151	-49	-49	43	46	246	85

Free Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Free Cash Flow	-663.00	-485.00	-230.00	-4.00	129.00	63.00	238.00	123.00	115.00	219.00	-375.00	-475.00

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

Month	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	87	91	78	95	109	98	93	106	99	81	89
Inventory Days	75	101	84	72	102	98	74	85	119	108	85	83
Days Payable	148	136	141	130	181	207	188	182	231	207	172	140
Cash Conversion Cycle	-9	52	34	20	15	0	-16	-4	-6	1	-5	32
Working Capital Days	11	67	49	24	36	32	10	18	30	31	22	52
ROCE %	19%	18%	17%	28%	31%	27%	30%	28%	22%	27%	51%	44%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
Promoters	60.57%	60.64%	60.64%	60.64%	60.64%	60.64%	60.64%	57.77%	57.77%	57.77%	57.77%	57.77%
FIIs	5.52%	5.94%	6.30%	6.73%	6.66%	7.47%	9.09%	10.98%	11.55%	11.51%	10.97%	10.22%
DIIs	18.25%	17.87%	16.76%	17.53%	17.95%	17.97%	17.06%	18.62%	18.90%	19.73%	20.41%	21.24%
Government	0.26%	0.00%	0.01%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Public	15.41%	15.56%	16.30%	15.10%	14.75%	13.92%	13.23%	12.63%	11.78%	11.00%	10.85%	10.77%
No. of Shareholders	34,460	39,680	54,212	58,212	62,726	71,660	92,403	94,354	90,969	91,491	1,00,821	1,02,362

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund Name	No of Shares	AUM (%)	Amount Invested (Cr)	Previous Number of Shares	Previous Date	Percentage Change
Nippon India Small Cap Fund	1,080,116	1.49	682.77	1,080,116	2025-04-22 17:25:42	0%
HDFC Balanced Advantage Fund - Regular Plan	827,293	0.68	522.96	827,293	2025-04-22 17:25:42	0%
HSBC Small Cap Fund - Regular Plan	701,601	3.17	443.5	701,601	2025-04-22 17:25:42	0%
HDFC Small Cap Fund - Regular Plan	575,371	1.27	363.71	575,371	2025-04-22 17:25:42	0%
DSP Flexi Cap Fund	511,803	3.21	323.53	511,803	2025-04-22 17:25:42	0%
DSP Equity & Bond Fund	341,977	2.44	216.17	341,977	2025-04-22 17:25:42	0%
Axis Midcap Fund	297,469	0.77	188.04	297,469	2025-04-22 17:25:42	0%
DSP Small Cap Fund	201,202	0.92	127.19	201,202	2025-04-22 17:25:42	0%
Bandhan Flexi Cap Fund	199,950	1.88	126.39	199,950	2025-04-22 17:25:42	0%
DSP Mid Cap Fund	198,778	0.76	125.65	198,778	2025-04-22 17:25:42	0%

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20
FaceValue	10.00	10.00	10.00	10.00	10.00
Basic EPS (Rs.)	212.10	166.64	67.09	41.94	35.32
Diluted EPS (Rs.)	212.10	166.64	67.09	41.94	35.32
Cash EPS (Rs.)	234.36	193.91	92.62	66.35	58.08
Book Value[Excl.RevalReserv]/Share (Rs.)	965.01	584.37	448.19	368.23	304.79
Book Value[Incl.RevalReserv]/Share (Rs.)	965.01	584.37	448.19	368.23	304.79
Revenue From Operations / Share (Rs.)	4021.16	3750.24	2435.32	1669.20	1949.76
PBDIT / Share (Rs.)	400.49	330.39	151.64	114.38	126.52
PBIT / Share (Rs.)	371.68	303.13	126.08	89.97	103.75
PBT / Share (Rs.)	275.44	223.30	89.33	54.42	44.27
Net Profit / Share (Rs.)	205.56	166.64	67.05	41.94	35.31
NP After MI And SOA / Share (Rs.)	205.40	166.64	67.08	41.94	35.31
PBDIT Margin (%)	9.95	8.80	6.22	6.85	6.48
PBIT Margin (%)	9.24	8.08	5.17	5.38	5.32
PBT Margin (%)	6.84	5.95	3.66	3.26	2.27
Net Profit Margin (%)	5.11	4.44	2.75	2.51	1.81
NP After MI And SOA Margin (%)	5.10	4.44	2.75	2.51	1.81
Return on Networth / Equity (%)	21.28	28.51	14.96	11.38	11.58
Return on Capital Employeed (%)	34.72	46.58	23.65	20.39	27.91
Return On Assets (%)	8.58	7.76	3.88	3.20	2.90
Long Term Debt / Equity (X)	0.08	0.06	0.11	0.13	0.16
Total Debt / Equity (X)	0.10	0.13	0.14	0.15	0.24
Asset Turnover Ratio (%)	1.81	1.85	1.54	1.28	1.51
Current Ratio (X)	1.54	1.22	1.22	1.22	1.13
Quick Ratio (X)	0.99	0.77	0.74	0.74	0.72
Inventory Turnover Ratio (X)	4.62	4.36	3.85	3.11	4.26
Dividend Payout Ratio (NP) (%)	18.55	9.00	14.16	0.00	64.84
Dividend Payout Ratio (CP) (%)	16.26	7.73	10.25	0.00	39.42
Earning Retention Ratio (%)	81.45	91.00	85.84	0.00	35.16
Cash Earning Retention Ratio (%)	83.74	92.27	89.75	0.00	60.58
Interest Coverage Ratio (X)	4.16	4.14	4.13	3.22	2.13
Interest Coverage Ratio (Post Tax) (X)	3.14	3.09	2.82	2.18	1.59
Enterprise Value (Cr.)	27825.49	9354.38	2475.33	1805.89	1206.94
EV / Net Operating Revenue (X)	1.72	0.65	0.26	0.28	0.16
EV / EBITDA (X)	17.30	7.40	4.27	4.13	2.49
MarketCap / Net Operating Revenue (X)	1.74	0.66	0.26	0.28	0.14
Retention Ratios (%)	81.44	90.99	85.83	0.00	35.15
Price / BV (X)	7.24	4.28	1.45	1.29	0.94
Price / Net Operating Revenue (X)	1.74	0.66	0.26	0.28	0.14
EarningsYield	0.02	0.06	0.10	0.08	0.12

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 24, the value is 10.00. This value is within the healthy range. There is no change compared to the previous period (Mar 23) which recorded 10.00.
For Basic EPS (Rs.), as of Mar 24, the value is 212.10. This value is within the healthy range. It has increased from 166.64 (Mar 23) to 212.10, marking an increase of 45.46.
For Diluted EPS (Rs.), as of Mar 24, the value is 212.10. This value is within the healthy range. It has increased from 166.64 (Mar 23) to 212.10, marking an increase of 45.46.
For Cash EPS (Rs.), as of Mar 24, the value is 234.36. This value is within the healthy range. It has increased from 193.91 (Mar 23) to 234.36, marking an increase of 40.45.
For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 965.01. It has increased from 584.37 (Mar 23) to 965.01, marking an increase of 380.64.
For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 965.01. It has increased from 584.37 (Mar 23) to 965.01, marking an increase of 380.64.
For Revenue From Operations / Share (Rs.), as of Mar 24, the value is 4,021.16. It has increased from 3,750.24 (Mar 23) to 4,021.16, marking an increase of 270.92.
For PBDIT / Share (Rs.), as of Mar 24, the value is 400.49. This value is within the healthy range. It has increased from 330.39 (Mar 23) to 400.49, marking an increase of 70.10.
For PBIT / Share (Rs.), as of Mar 24, the value is 371.68. This value is within the healthy range. It has increased from 303.13 (Mar 23) to 371.68, marking an increase of 68.55.
For PBT / Share (Rs.), as of Mar 24, the value is 275.44. This value is within the healthy range. It has increased from 223.30 (Mar 23) to 275.44, marking an increase of 52.14.
For Net Profit / Share (Rs.), as of Mar 24, the value is 205.56. This value is within the healthy range. It has increased from 166.64 (Mar 23) to 205.56, marking an increase of 38.92.
For NP After MI And SOA / Share (Rs.), as of Mar 24, the value is 205.40. This value is within the healthy range. It has increased from 166.64 (Mar 23) to 205.40, marking an increase of 38.76.
For PBDIT Margin (%), as of Mar 24, the value is 9.95. This value is below the healthy minimum of 10. It has increased from 8.80 (Mar 23) to 9.95, marking an increase of 1.15.
For PBIT Margin (%), as of Mar 24, the value is 9.24. This value is below the healthy minimum of 10. It has increased from 8.08 (Mar 23) to 9.24, marking an increase of 1.16.
For PBT Margin (%), as of Mar 24, the value is 6.84. This value is below the healthy minimum of 10. It has increased from 5.95 (Mar 23) to 6.84, marking an increase of 0.89.
For Net Profit Margin (%), as of Mar 24, the value is 5.11. This value is within the healthy range. It has increased from 4.44 (Mar 23) to 5.11, marking an increase of 0.67.
For NP After MI And SOA Margin (%), as of Mar 24, the value is 5.10. This value is below the healthy minimum of 8. It has increased from 4.44 (Mar 23) to 5.10, marking an increase of 0.66.
For Return on Networth / Equity (%), as of Mar 24, the value is 21.28. This value is within the healthy range. It has decreased from 28.51 (Mar 23) to 21.28, marking a decrease of 7.23.
For Return on Capital Employeed (%), as of Mar 24, the value is 34.72. This value is within the healthy range. It has decreased from 46.58 (Mar 23) to 34.72, marking a decrease of 11.86.
For Return On Assets (%), as of Mar 24, the value is 8.58. This value is within the healthy range. It has increased from 7.76 (Mar 23) to 8.58, marking an increase of 0.82.
For Long Term Debt / Equity (X), as of Mar 24, the value is 0.08. This value is below the healthy minimum of 0.2. It has increased from 0.06 (Mar 23) to 0.08, marking an increase of 0.02.
For Total Debt / Equity (X), as of Mar 24, the value is 0.10. This value is within the healthy range. It has decreased from 0.13 (Mar 23) to 0.10, marking a decrease of 0.03.
For Asset Turnover Ratio (%), as of Mar 24, the value is 1.81. It has decreased from 1.85 (Mar 23) to 1.81, marking a decrease of 0.04.
For Current Ratio (X), as of Mar 24, the value is 1.54. This value is within the healthy range. It has increased from 1.22 (Mar 23) to 1.54, marking an increase of 0.32.
For Quick Ratio (X), as of Mar 24, the value is 0.99. This value is below the healthy minimum of 1. It has increased from 0.77 (Mar 23) to 0.99, marking an increase of 0.22.
For Inventory Turnover Ratio (X), as of Mar 24, the value is 4.62. This value is within the healthy range. It has increased from 4.36 (Mar 23) to 4.62, marking an increase of 0.26.
For Dividend Payout Ratio (NP) (%), as of Mar 24, the value is 18.55. This value is below the healthy minimum of 20. It has increased from 9.00 (Mar 23) to 18.55, marking an increase of 9.55.
For Dividend Payout Ratio (CP) (%), as of Mar 24, the value is 16.26. This value is below the healthy minimum of 20. It has increased from 7.73 (Mar 23) to 16.26, marking an increase of 8.53.
For Earning Retention Ratio (%), as of Mar 24, the value is 81.45. This value exceeds the healthy maximum of 70. It has decreased from 91.00 (Mar 23) to 81.45, marking a decrease of 9.55.
For Cash Earning Retention Ratio (%), as of Mar 24, the value is 83.74. This value exceeds the healthy maximum of 70. It has decreased from 92.27 (Mar 23) to 83.74, marking a decrease of 8.53.
For Interest Coverage Ratio (X), as of Mar 24, the value is 4.16. This value is within the healthy range. It has increased from 4.14 (Mar 23) to 4.16, marking an increase of 0.02.
For Interest Coverage Ratio (Post Tax) (X), as of Mar 24, the value is 3.14. This value is within the healthy range. It has increased from 3.09 (Mar 23) to 3.14, marking an increase of 0.05.
For Enterprise Value (Cr.), as of Mar 24, the value is 27,825.49. It has increased from 9,354.38 (Mar 23) to 27,825.49, marking an increase of 18,471.11.
For EV / Net Operating Revenue (X), as of Mar 24, the value is 1.72. This value is within the healthy range. It has increased from 0.65 (Mar 23) to 1.72, marking an increase of 1.07.
For EV / EBITDA (X), as of Mar 24, the value is 17.30. This value exceeds the healthy maximum of 15. It has increased from 7.40 (Mar 23) to 17.30, marking an increase of 9.90.
For MarketCap / Net Operating Revenue (X), as of Mar 24, the value is 1.74. This value is within the healthy range. It has increased from 0.66 (Mar 23) to 1.74, marking an increase of 1.08.
For Retention Ratios (%), as of Mar 24, the value is 81.44. This value exceeds the healthy maximum of 70. It has decreased from 90.99 (Mar 23) to 81.44, marking a decrease of 9.55.
For Price / BV (X), as of Mar 24, the value is 7.24. This value exceeds the healthy maximum of 3. It has increased from 4.28 (Mar 23) to 7.24, marking an increase of 2.96.
For Price / Net Operating Revenue (X), as of Mar 24, the value is 1.74. This value is within the healthy range. It has increased from 0.66 (Mar 23) to 1.74, marking an increase of 1.08.
For EarningsYield, as of Mar 24, the value is 0.02. This value is below the healthy minimum of 5. It has decreased from 0.06 (Mar 23) to 0.02, marking a decrease of 0.04.

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 April 28, 2025 is: 6,109.23

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 April 28, 2025, Apar Industries Ltd is Undervalued by 10.27% compared to the current share price 5,540.00

Intrinsic Value of Apar Industries Ltd as of April 28, 2025 is: 8,358.37

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 April 28, 2025, Apar Industries Ltd is Undervalued by 50.87% compared to the current share price 5,540.00

Last 5 Year EPS CAGR: 36.82%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The stock has a high average ROCE of 28.50%, which is a positive sign. The company has higher reserves (1,557.77 cr) compared to borrowings (463.54 cr), indicating strong financial stability. The company has shown consistent growth in sales (7.92 cr) and profit (216.69 cr) over the years.	The stock has a high average Working Capital Days of 31.83, which may not be favorable. The stock has a high average Cash Conversion Cycle of 9.50, 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: 5.11%
  - 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: 34.72% (Industry Average ROCE: 14.02%)
  - 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%: 21.28% (Industry Average ROE: 10.73%)
  - 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): 3.14
  - 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: 0.99
  - 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: 27.6 (Industry average Stock P/E: 50.16)
  - 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. Company's Total Operating Revenue is Rs. 15109.28 Cr. and Equity Capital is Rs. 40.17 Cr. for the Year ended 31/03/2024.

INDUSTRY	ADDRESS	CONTACT
Chemicals - Speciality - Others	301, Panorama Complex, Vadodra Gujarat 390007	com.sec@apar.com http://www.apar.com

Management
Name	Position Held
Mr. Kushal N Desai	Chairman & M.D & CEO
Mr. C N Desai	Managing Director
Mrs. Nirupa K Bhatt	Ind. Non-Executive Director
Mr. Rajesh Sehgal	Ind. Non-Executive Director
Mr. Kaushal J Sampat	Ind. Non-Executive Director
Mr. Rishabh K Desai	Non Exe.Non Ind.Director

FAQ

What is the intrinsic value of Apar Industries Ltd?

Apar Industries Ltd's intrinsic value (as of 28 April 2025) is ₹6109.23 — 10.27% higher the current market price of 5,540.00, indicating undervalued. Calculated using the PE ratio method, this valuation considers the company's 22,251 Cr. market cap, FY2025-2026 high/low of ₹11,797/4,270, reserves of 4,067 Cr, and liabilities of 10,124 Cr.

What is the Market Cap of Apar Industries Ltd?

The Market Cap of Apar Industries Ltd is 22,251 Cr..

What is the current Stock Price of Apar Industries Ltd as on 28 April 2025?

The current stock price of Apar Industries Ltd as on 28 April 2025 is 5,540.

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 27.6.

What is the Book Value of Apar Industries Ltd?

The Book Value of Apar Industries Ltd is 1,023.

What is the Dividend Yield of Apar Industries Ltd?

The Dividend Yield of Apar Industries Ltd is 0.92 %.

What is the ROCE of Apar Industries Ltd?

The ROCE of Apar Industries Ltd is 44.0 %.

What is the ROE of Apar Industries Ltd?

The ROE of Apar Industries Ltd is 26.8 %.

What is the Face Value of Apar Industries Ltd?

The Face Value of Apar Industries Ltd is 10.0.