Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
post
Last Updated: April 2, 2026, 4:06 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 517096 | NSE: APLAB

Aplab Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹2.37Overvalued by 96.31%vs CMP ₹64.30

P/E (13.1) × ROE (3.0%) × BV (₹7.53) × DY (2.00%)

₹31.53Overvalued by 50.96%vs CMP ₹64.30
MoS: -103.9% (Negative)Confidence: 56/100 (Moderate)Models: 1 Under, 6 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹5.2229%Over (-91.9%)
Graham NumberEarnings₹26.3221%Over (-59.1%)
DCFCash Flow₹104.7714%Under (+62.9%)
Net Asset ValueAssets₹9.129%Over (-85.8%)
Earnings YieldEarnings₹40.909%Over (-36.4%)
ROCE CapitalReturns₹38.9011%Over (-39.5%)
Revenue MultipleRevenue₹15.367%Over (-76.1%)
Consensus (7 models)₹31.53100%Overvalued
Key Drivers: EPS CAGR 119.6% lifts DCF — verify sustainability. | ROE 3.0% is below cost of equity.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 119.6%

*Investments are subject to market risks

Investment Snapshot

45
Aplab Ltd scores 45/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health23/100 · Weak
ROCE 8.8% AverageROE 3.0% WeakD/E 2.75 High debtInterest Coverage 0.0x RiskyProfitable 1/5 years Inconsistent
Smart Money50/100 · Moderate
Promoter holding at 43.8% Stable
Earnings Quality50/100 · Moderate
OPM contracting (13% → -2%) DecliningWorking capital: -17 days (improving) Efficient
Quarterly Momentum70/100 · Strong
Revenue (4Q): +19% YoY GrowingOPM: 0.0% (up 50.2% YoY) Margin expansion
Industry Rank45/100 · Moderate
P/E 13.1 vs industry 13.1 In-lineROCE 8.8% vs industry 8.8% Average3Y sales CAGR: 8% Slow

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Aplab Ltd Investor Signals

Computed from valuation, cash flow, balance sheet, ownership and quarterly trend data already available in this stock page.

Value Trap Score
50/100
Moderate
Derived from: Cheapness + weak quality + weak cash support
Current data: P/E 13.1 vs Ind 13.1 | ROCE 8.8% | ROE 3.0% | CFO/NP N/A
Balance Sheet Stress
70/100
Stressed
Derived from: Leverage + debt servicing + liquidity + debt trend
Current data: D/E 2.75x | IntCov 0.0x | Current 0.96x | Borrow/Reserve 9.00x
Cash Flow Reliability
100/100
Strong
Derived from: Cash backing of earnings + working capital pressure
Current data: CFO ₹0 Cr | NP ₹0 Cr | CFO/NP N/A
Ownership Accumulation
0
Neutral
Derived from: FII + DII + promoter direction, adjusted by crowding
Current data: FII N/A | DII 0.00 pp | Prom 0.00 pp
Business Momentum
-100
Early weakness
Derived from: Latest quarter sales + profit + OPM change
Current data: Q Sales -34.9% | Q NP -51.6% | Q OPM -17.6 pp
Derived FieldValueHow it is derived
Valuation Gap %-51.0%((Fair Value - CMP) / CMP) × 100
Borrowings / Reserves9.00xLatest borrowings divided by latest reserves
CFO / Net ProfitN/ALatest operating cash flow divided by latest net profit
FII ChangeN/ALatest FII% minus previous FII%
DII Change0.00 ppLatest DII% minus previous DII%
Promoter Change0.00 ppLatest promoter% minus previous promoter%
Shareholder Count Change-215Latest shareholder count minus previous count
Quarterly Sales Change-34.9%Latest quarter sales vs previous quarter sales
Quarterly Profit Change-51.6%Latest quarter net profit vs previous quarter net profit
Quarterly OPM Change-17.6 ppLatest quarter OPM minus previous quarter OPM

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 4:06 am

Market Cap 134 Cr.
Current Price 64.3
Intrinsic Value₹31.53
High / Low 93.0/28.2
Stock P/E13.1
Book Value 7.53
Dividend Yield0.00 %
ROCE8.82 %
ROE2.95 %
Face Value 10.0
PEG Ratio0.11

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

View Share Price Target for Aplab Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Aplab Ltd 134 Cr. 64.3 93.0/28.213.1 7.530.00 %8.82 %2.95 % 10.0
Industry Average134.00 Cr64.3013.107.530.00%8.82%2.95%10.00

All Competitor Stocks of Aplab Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 11.5418.499.1110.8811.9317.619.9313.8615.9423.9315.4517.3511.29
Expenses 10.5411.278.349.3411.1915.889.1013.2623.9425.3313.7114.2911.29
Operating Profit 1.007.220.771.540.741.730.830.60-8.00-1.401.743.060.00
OPM % 8.67%39.05%8.45%14.15%6.20%9.82%8.36%4.33%-50.19%-5.85%11.26%17.64%0.00%
Other Income -0.410.060.060.060.05-0.030.061.880.462.690.190.081.46
Interest 0.750.930.671.350.331.090.670.820.770.950.680.950.30
Depreciation 0.120.080.140.110.080.120.120.130.100.130.120.110.11
Profit before tax -0.286.270.020.140.380.490.101.53-8.410.211.132.081.05
Tax % 0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%-3,252.38%24.78%22.60%25.71%
Net Profit -0.286.270.020.140.380.490.101.53-8.417.040.851.610.78
EPS in Rs -0.143.140.010.060.170.220.050.69-3.352.800.340.640.31

Last Updated: February 3, 2026, 4:46 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 26, 2026, 8:46 pm

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 95747172615351535151496468
Expenses 82777674655647484445457265
Operating Profit 13-3-6-2-4-245765-83
OPM % 13%-4%-8%-3%-7%-5%8%10%14%12%9%-13%5%
Other Income 111201831-1-2054
Interest 101111111186754433
Depreciation 3222111000000
Profit before tax 1-14-18-14-1670-0001-74
Tax % 0%0%0%0%0%19%0%0%0%0%0%-104%
Net Profit 1-14-18-14-1650-0001010
EPS in Rs 0.30-7.22-8.80-6.77-7.942.700.10-0.200.080.100.360.104.09
Dividend Payout % 0%0%0%0%0%0%0%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202024-2025
YoY Net Profit Growth (%)-1500.00%-28.57%22.22%-14.29%131.25%-100.00%-100.00%
Change in YoY Net Profit Growth (%)0.00%1471.43%50.79%-36.51%145.54%-231.25%0.00%

Aplab Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 7 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:-2%
5 Years:4%
3 Years:7%
TTM:37%
Compounded Profit Growth
10 Years:7%
5 Years:16%
3 Years:-45%
TTM:-42%
Stock Price CAGR
10 Years:19%
5 Years:61%
3 Years:73%
1 Year:22%
Return on Equity
10 Years:%
5 Years:%
3 Years:%
Last Year:3%

Last Updated: September 5, 2025, 2:21 pm

Balance Sheet

Last Updated: February 1, 2026, 2:20 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 555555551010111316
Reserves 227-11-23-38-32-31-31-31-30-4-23
Borrowings 75737266707071724850293027
Other Liabilities 49426571696049444045353023
Total Liabilities 15112713211910610394906676717068
Fixed Assets 585553521744377777
CWIP 0000124410011
Investments 2000000000000
Other Assets 91727867899786825968646261
Total Assets 15112713211910610394906676717068

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + -9-4-64-282-23-119-302
Cash from Investing Activity + 030-0-22132-0-000-1
Cash from Financing Activity + 7-212-730-23-80-193-01
Net Cash Flow -3-36-31-0-0-1-1-002
Free Cash Flow -9-3-64-29238-118-3-01
CFO/OP -74%132%103%-192%689%-93%-582%-19%270%-47%3%-24%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-62.00-76.00-78.00-68.00-74.00-72.00-67.00-67.00-41.00-44.00-24.00-38.00

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 Days 109.6690.00102.7788.9236.42131.89134.24104.71124.51212.92169.22124.51
Inventory Days 288.61275.19152.39102.72168.84184.91301.69243.23300.66544.09663.21193.62
Days Payable 198.46103.01192.2118.98156.27152.70164.50167.18129.08194.05190.7198.96
Cash Conversion Cycle 199.81262.1862.95172.6648.99164.11271.42180.76296.09562.96641.72219.18
Working Capital Days -122.51-170.15-426.01-462.58-255.08-276.61-328.98-320.05-293.58-194.913.13-17.26
ROCE %11.00%-4.08%-8.40%-4.91%-11.74%-8.51%7.41%13.71%18.98%21.64%14.91%-8.82%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 59.29%63.28%63.28%63.28%63.28%63.28%63.28%67.61%67.60%67.60%43.83%43.83%
DIIs 0.02%0.02%0.02%0.02%0.02%0.02%0.02%0.02%0.02%0.02%0.01%0.01%
Public 40.69%36.70%36.69%36.71%36.69%36.69%36.70%32.37%32.38%32.38%56.16%56.15%
No. of Shareholders 4,5364,3814,5364,5604,8755,1915,1215,4265,4905,8045,6195,404

Shareholding Pattern Chart

No. of Shareholders

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

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 16Mar 15Mar 14Mar 13Mar 12
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) -35.15-28.421.69-28.12-3.61
Diluted EPS (Rs.) -35.15-28.421.69-28.12-3.61
Cash EPS (Rs.) -31.37-24.417.54-23.241.60
Book Value[Excl.RevalReserv]/Share (Rs.) -8.8126.3455.5347.4143.80
Book Value[Incl.RevalReserv]/Share (Rs.) -8.7726.3955.5947.4744.03
Revenue From Operations / Share (Rs.) 142.20149.14191.06142.68194.29
PBDIT / Share (Rs.) -8.88-3.0628.21-5.0919.70
PBIT / Share (Rs.) -12.66-7.0822.36-9.9714.50
PBT / Share (Rs.) -35.14-28.331.91-28.17-3.48
Net Profit / Share (Rs.) -35.15-28.421.69-28.12-3.59
NP After MI And SOA / Share (Rs.) -35.15-28.421.69-28.12-3.59
PBDIT Margin (%) -6.24-2.0514.76-3.5610.13
PBIT Margin (%) -8.90-4.7411.70-6.997.46
PBT Margin (%) -24.70-18.991.00-19.74-1.79
Net Profit Margin (%) -24.71-19.050.88-19.70-1.85
NP After MI And SOA Margin (%) -24.71-19.050.88-19.70-1.85
Return on Networth / Equity (%) 0.00-112.183.09-60.09-8.24
Return on Capital Employeed (%) -87.40-8.9022.07-10.1921.15
Return On Assets (%) -13.14-11.070.56-10.59-1.53
Long Term Debt / Equity (X) 0.000.580.460.570.43
Total Debt / Equity (X) -16.985.502.672.902.75
Asset Turnover Ratio (%) 0.540.530.670.570.81
Current Ratio (X) 0.390.570.670.740.96
Quick Ratio (X) 0.240.200.310.220.34
Inventory Turnover Ratio (X) 1.651.251.240.681.19
Interest Coverage Ratio (X) -0.39-0.141.38-0.271.10
Interest Coverage Ratio (Post Tax) (X) -0.56-0.331.08-0.560.80
Enterprise Value (Cr.) 88.8987.1088.9675.6070.92
EV / Net Operating Revenue (X) 1.251.170.931.060.73
EV / EBITDA (X) -20.01-56.886.31-29.707.20
MarketCap / Net Operating Revenue (X) 0.150.190.160.150.13
Price / BV (X) -2.241.160.570.450.61
Price / Net Operating Revenue (X) 0.150.190.160.150.13
EarningsYield -1.60-0.960.05-1.31-0.13

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Aplab Ltd. is a Public Limited Listed company incorporated on 30/09/1964 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN) is L99999MH1964PLC013018 and registration number is 013018. Currently company belongs to the Industry of Instrumentation & Process Control. Company's Total Operating Revenue is Rs. 63.67 Cr. and Equity Capital is Rs. 12.57 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Instrumentation & Process ControlPlot No. 12, TTC Industrial Area Thane Belapur Road, Digha, New Mumbai Maharashtra 400708Contact not found
Management
NamePosition Held
Mrs. Amrita P DeodharChairperson & Whole Time Director
Mr. Sanjay N MehtaManaging Director
Mr. S K HajelaNon Exe.Non Ind.Director
Mrs. Uma BalakrishnanIndependent Director
Mr. Haresh G DesaiIndependent Director

FAQ

What is the intrinsic value of Aplab Ltd and is it undervalued?

As of 05 April 2026, Aplab Ltd's intrinsic value is ₹31.53, which is 50.96% lower than the current market price of ₹64.30, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (2.95 %), book value (₹7.53), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Aplab Ltd?

Aplab Ltd is trading at ₹64.30 as of 05 April 2026, with a FY2026-2027 high of ₹93.0 and low of ₹28.2. The stock is currently in the middle of its 52-week range. Market cap stands at ₹134 Cr..

How does Aplab Ltd's P/E ratio compare to its industry?

Aplab Ltd has a P/E ratio of 13.1, which is below the industry average of 13.10. This is broadly in line with or below the industry average.

Is Aplab Ltd financially healthy?

Key indicators for Aplab Ltd: ROCE of 8.82 % is on the lower side compared to the industry average of 8.82%; ROE of 2.95 % is below ideal levels (industry average: 2.95%). Dividend yield is 0.00 %.

Is Aplab Ltd profitable and how is the profit trend?

Aplab Ltd reported a net profit of ₹0 Cr in Mar 2025 on revenue of ₹64 Cr. Compared to ₹0 Cr in Mar 2022, the net profit shows a mixed trend.

Does Aplab Ltd pay dividends?

Aplab Ltd has a dividend yield of 0.00 % at the current price of ₹64.30. The company is currently not paying meaningful dividends.

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 Aplab 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
Explore Industry-wise Stock Analysis Reports