Apar Industries Ltd.

NSE: APARINDS · Capital Goods

₹14,106.00-9.65%06 Nov 2026

Ask the data

Instant answers about Apar Industries Ltd. — computed from its filings, no language model

Market cap₹59,062 cr

Current price₹14,106.00

High / Low₹18,945 / ₹6,966

P/E76.6

P/B6.93

Book value₹2,034.9

ROE9.1%

ROCE24.9%

Debt / equity0.10

Dividend yield0.35%

EPS (TTM)₹184.17

Face value₹10

Price & valuation

split & bonus adjusted · pick a metric and range

Annual performance

annual · ₹ crore · line = operating margin

showing latest 6 of 8 periods

	FY18	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	5,939	7,462	6,388	9,320	14,352	16,153	18,581	22,902
EBITDA	408	476	415	548	1,227	1,522	1,547	1,876
Operating margin	6.9%	6.4%	6.5%	5.9%	8.5%	9.4%	8.3%	8.2%
Interest	140	228	136	141	306	387	409	437
Depreciation	56	87	93	98	104	116	132	161
Profit before tax	223	169	208	342	855	1,106	1,106	1,310
Tax	78	34	48	85	217	281	284	333
Net profit	145	135	160	352	638	825	821	977
EPS ₹	37.82	35.32	41.94	67.09	166.64	212.10	204.47	243.21
Operating cash flow	—	—	—	244	698	-283	1,291	968
Capex	—	—	—	130	248	331	510	737
Dividend paid	—	—	—	36	57	153	205	205
Total assets	4,276	4,654	4,999	6,608	8,218	9,616	11,264	13,711
Equity	1,108	1,166	1,400	1,715	2,236	3,876	4,504	5,393

Quarterly performance

last 32 quarters · ₹ crore

showing latest 8 of 32 periods

	MAR '18	SEP '18	DEC '18	SEP '19	DEC '19	MAR '20	JUN '20	SEP '20	DEC '20	MAR '21	JUN '21	SEP '21	DEC '21	MAR '22	JUN '22	SEP '22	DEC '22	MAR '23	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '25	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26	SEP '26
Revenue	1,768	1,885	2,119	1,829	1,837	1,814	1,293	1,481	1,714	1,899	1,810	2,269	2,229	3,012	3,093	3,235	3,942	4,089	3,773	3,926	4,013	4,455	4,011	4,645	4,716	5,210	5,104	5,715	5,480	6,603	6,591	6,931
Operating profit	126	109	114	109	123	106	38	119	163	101	129	128	116	174	237	226	347	424	346	350	405	421	376	357	356	458	452	461	444	496	758	721
Operating margin	7.1%	5.8%	5.4%	6.0%	6.7%	5.9%	2.9%	8.0%	9.5%	5.3%	7.1%	5.6%	5.2%	5.8%	7.7%	7.0%	8.8%	10.4%	9.2%	8.9%	10.1%	9.5%	9.4%	7.7%	7.6%	8.8%	8.9%	8.1%	8.1%	7.5%	11.5%	10.4%
Other income	3	3	3	2	1	1	1	3	3	9	12	5	9	9	4	12	3	11	14	19	21	33	16	33	34	17	25	27	15	20	34	61
Interest	54	53	42	67	52	52	47	30	37	22	38	31	26	46	61	71	94	79	70	103	113	101	90	101	118	100	86	108	106	137	123	138
Depreciation	15	16	17	22	22	23	23	23	23	24	24	24	25	25	25	26	26	27	27	28	29	31	31	32	33	36	38	40	41	42	46	47
Profit before tax	60	43	59	22	50	33	-31	69	106	64	79	77	74	112	156	141	230	328	263	237	284	322	270	257	239	340	353	341	288	329	622	597
Tax	20	15	24	-12	14	9	-8	16	23	16	17	20	19	29	33	38	60	85	66	63	67	85	68	63	64	90	90	89	79	75	155	150
Net profit	40	29	35	34	37	23	-23	0	82	48	62	57	55	123	122	103	170	243	0	174	218	236	203	194	175	250	263	252	209	253	-139	447
EPS ₹	10.46	7.48	9.07	8.86	9.58	6.10	-6.03	13.98	21.55	12.44	16.28	14.86	14.36	21.59	32.00	26.82	44.40	63.43	51.59	45.44	56.62	60.97	50.42	48.27	43.55	62.23	65.45	62.66	52.01	63.09	116.37	110.10
Revenue YoY	—	—	—	-3.0%	-13.3%	—	—	-19.0%	-6.7%	4.7%	40.0%	53.2%	30.0%	58.6%	70.9%	42.6%	76.9%	35.7%	22.0%	21.4%	1.8%	9.0%	6.3%	18.3%	17.5%	16.9%	27.3%	23.1%	16.2%	26.7%	29.1%	21.3%
Profit YoY	—	—	—	18.4%	5.6%	—	—	-100.0%	124.8%	104.1%	—	—	-33.3%	158.9%	96.6%	80.4%	209.1%	96.9%	-100.0%	69.4%	28.1%	-2.7%	—	11.5%	-19.6%	5.8%	29.8%	29.8%	19.4%	1.4%	-152.7%	77.7%

Earlier results (standalone, Sep '07 – Dec '17)

₹ crore · from BSE, before the NSE XBRL filings begin

Apar Industries Ltd. reports consolidated figures above. Quarterly consolidated results only became mandatory in India in 2019, so the earlier history available is the standalone company only (excluding subsidiaries). It is shown separately so the two bases are never mixed.

Full years

	FY09†	FY12†	FY13†	FY14†	FY15†	FY16†	FY17†
Revenue	2,469	3,316	4,532	4,483	5,011	5,010	5,121
Operating profit	52	101	296	272	241	354	421
Operating margin	2.1%	3.0%	6.5%	6.1%	4.8%	7.1%	8.2%
Other income	—	1	8	—	8	3	15
Interest	31	17	134	146	150	152	113
Depreciation	11	16	24	27	31	36	43
Profit before tax	8	87	141	103	68	213	279
Tax	3	7	38	34	20	56	97
Net profit	5	80	103	69	48	157	182

Quarters

showing latest 8 of 40 periods

	SEP '07†	DEC '07†	MAR '08†	JUN '08†	SEP '08†	DEC '08†	MAR '09†	JUN '09†	SEP '09†	DEC '09†	JUN '10†	SEP '10†	DEC '10†	JUN '11†	SEP '11†	DEC '11†	MAR '12†	JUN '12†	SEP '12†	DEC '12†	MAR '13†	JUN '13†	SEP '13†	DEC '13†	MAR '14†	JUN '14†	SEP '14†	DEC '14†	MAR '15†	JUN '15†	SEP '15†	DEC '15†	MAR '16†	JUN '16†	SEP '16†	DEC '16†	MAR '17†	JUN '17†	SEP '17†	DEC '17†
Revenue	418	473	478	540	639	632	659	505	488	521	625	668	649	688	739	863	1,025	1,126	1,104	1,138	1,165	945	1,140	1,080	1,318	1,131	1,244	1,299	1,338	1,248	1,251	1,186	1,325	1,082	1,382	1,247	1,410	1,357	1,176	1,408
Operating profit	27	27	22	31	12	30	-22	33	41	41	37	52	39	35	3	-1	64	70	47	98	80	76	100	55	42	63	77	56	44	93	89	82	91	110	100	106	104	94	86	96
Operating margin	6.4%	5.8%	4.6%	5.8%	2.0%	4.8%	-3.4%	6.5%	8.4%	7.8%	5.9%	7.8%	6.0%	5.1%	0.4%	-0.2%	6.2%	6.3%	4.2%	8.6%	6.9%	8.0%	8.7%	5.1%	3.2%	5.6%	6.2%	4.3%	3.3%	7.4%	7.1%	6.9%	6.9%	10.2%	7.3%	8.5%	7.4%	6.9%	7.3%	6.8%
Other income	2	4	0	1	—	—	—	—	—	0	0	0	0	0	0	0	0	0	1	1	6	2	2	—	0	7	1	0	0	0	1	2	0	3	4	2	6	2	3	3
Interest	9	9	8	3	2	10	16	3	7	8	0	0	0	3	5	1	7	49	2	47	36	55	49	25	16	37	47	44	22	42	45	36	28	34	25	31	23	23	35	24
Depreciation	3	4	3	3	3	3	3	3	3	3	3	4	3	3	4	4	5	5	5	5	8	6	7	7	7	7	8	8	8	8	9	10	10	10	10	11	12	12	12	12
Profit before tax	46	18	19	26	8	-2	-22	27	29	29	34	49	35	34	5	-4	51	16	40	47	38	16	46	23	18	27	24	4	14	42	37	81	53	69	70	66	74	61	42	63
Tax	4	5	3	6	2	-1	-4	2	7	7	10	14	10	11	0	-4	-1	4	11	14	9	6	14	8	6	7	8	1	5	14	12	13	16	24	24	23	27	21	15	22
Net profit	42	14	15	19	6	-1	-18	24	22	22	24	34	25	23	5	0	52	12	29	33	30	10	32	15	12	20	16	3	9	28	24	68	37	46	46	43	48	40	28	41
EPS ₹	13.02	4.24	4.71	5.93	1.75	-0.32	-5.72	7.57	6.94	6.87	7.43	10.59	7.71	6.42	1.38	0.06	13.53	3.10	7.53	8.50	7.70	2.70	8.29	3.80	3.10	5.24	4.15	0.67	2.39	7.16	6.32	17.67	9.58	11.85	11.86	11.25	12.42	10.44	7.19	10.73
Revenue YoY	—	—	—	—	52.7%	33.5%	37.9%	-6.5%	-23.6%	-17.4%	23.9%	36.8%	24.6%	10.1%	10.7%	32.9%	—	63.6%	49.3%	31.8%	13.6%	-16.0%	3.3%	-5.1%	13.2%	19.6%	9.1%	20.3%	1.5%	10.4%	0.6%	-8.7%	-1.0%	-13.3%	10.5%	5.1%	6.4%	25.4%	-14.9%	12.9%
Profit YoY	—	—	—	—	-86.6%	-107.4%	-221.5%	27.6%	297.9%	—	-1.9%	52.6%	12.3%	-3.9%	-85.8%	-99.2%	—	-48.3%	493.2%	15481.0%	-43.1%	-12.9%	10.1%	-55.3%	-59.8%	93.8%	-50.0%	-82.4%	-22.8%	36.9%	52.5%	2546.7%	301.3%	65.4%	87.8%	-36.4%	29.5%	-12.4%	-39.8%	-5.1%

Returns & margins

trailing-twelve-month, per quarter

showing latest 8 of 26 periods

	JUN '20	SEP '20	DEC '20	MAR '21	JUN '21	SEP '21	DEC '21	MAR '22	JUN '22	SEP '22	DEC '22	MAR '23	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '25	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26	SEP '26
ROE	6.1%	3.2%	7.1%	7.6%	13.7%	17.8%	15.8%	17.3%	20.8%	23.1%	29.7%	28.5%	23.0%	23.8%	25.7%	16.2%	21.4%	20.7%	19.7%	18.2%	19.6%	19.4%	20.1%	18.1%	10.7%	9.1%
ROCE	20.2%	20.8%	23.6%	20.7%	26.8%	27.3%	24.7%	24.5%	29.6%	33.0%	43.7%	45.7%	50.2%	50.0%	52.6%	34.9%	35.5%	33.6%	32.7%	30.5%	32.0%	30.9%	31.6%	28.0%	32.9%	24.9%
Net margin	1.0%	0.6%	1.3%	1.7%	2.8%	3.2%	2.7%	3.2%	3.4%	3.5%	3.9%	4.4%	3.4%	3.7%	4.0%	3.9%	5.1%	5.0%	4.5%	4.4%	4.5%	4.5%	4.5%	4.3%	2.4%	3.0%
EBITDA margin	5.6%	6.0%	6.8%	6.6%	7.4%	6.8%	5.8%	5.9%	6.2%	6.5%	7.4%	8.6%	8.9%	9.3%	9.7%	9.4%	9.5%	9.1%	8.5%	8.3%	8.2%	8.3%	8.4%	8.1%	8.9%	9.4%
Debt / equity	0.24	0.24	0.24	0.19	0.19	0.19	0.19	0.15	0.15	0.19	0.19	0.14	0.14	0.14	0.14	0.10	0.10	0.11	0.11	0.10	0.10	0.12	0.12	0.16	0.16	0.10
Interest coverage	1.34	1.67	2.07	2.53	3.50	3.53	3.51	3.43	3.56	3.37	3.34	3.80	4.07	4.06	4.05	3.86	3.73	3.80	3.65	3.70	3.93	4.09	4.30	4.00	4.33	4.64
Asset turnover	1.46	1.38	1.35	1.28	1.38	1.54	1.64	1.41	1.60	1.58	1.81	1.75	1.83	1.89	1.90	1.68	1.71	1.69	1.76	1.65	1.75	1.83	1.90	1.67	1.78	1.57

Balance sheet

equity vs borrowings over time · ₹ crore

showing latest 6 of 18 periods

	MAR '14‡	MAR '15‡	MAR '16‡	MAR '17‡	MAR '18‡	MAR '19‡	MAR '20‡	MAR '21‡	MAR '22‡	SEP '22	MAR '23	SEP '23	MAR '24	SEP '24	MAR '25	SEP '25	MAR '26	SEP '26
Share capital	38	38	38	38	38	38	38	38	38	38	38	38	40	40	40	40	40	42
Other equity / reserves	658	691	815	998	1,070	1,164	1,128	1,361	1,677	1,709	2,198	2,425	3,836	4,067	4,463	4,812	5,353	8,478
Total equity	696	730	854	1,036	1,108	1,202	1,166	1,400	1,715	1,747	2,236	2,463	3,876	4,107	4,504	4,853	5,393	8,520
Borrowings	778	481	347	277	332	218	282	264	253	334	304	344	406	472	470	591	841	888
Current liabilities	2,198	2,096	1,944	2,269	2,964	3,575	3,231	3,321	4,568	5,312	5,727	5,523	5,316	5,551	6,334	6,050	7,730	6,976
Non-current liabilities	102	128	121	144	204	180	256	279	324	263	254	349	423	465	426	410	588	792
Total assets	2,998	2,956	2,919	3,448	4,276	4,958	4,654	4,999	6,608	7,323	8,218	8,335	9,616	10,124	11,264	11,313	13,711	16,289
Property, plant & equipment	335	369	385	564	642	704	830	819	818	894	949	1,004	1,130	1,243	1,432	1,442	1,609	1,809
Capital work-in-progress	18	10	56	27	19	103	55	29	38	98	99	154	121	189	128	366	539	903
Investments	2	5	109	119	0	187	0	60	31	4	54	6	11	139	219	28	44	297
Inventories	1,017	944	770	994	1,212	1,283	1,331	1,563	2,139	2,556	2,576	2,458	2,864	3,104	3,310	3,364	4,153	5,055
Receivables	1,104	1,267	1,090	1,256	1,735	2,144	1,902	1,868	2,542	2,836	3,226	3,504	3,940	4,039	4,193	4,666	5,337	5,267
Cash & equivalents	231	100	119	110	243	213	164	207	253	303	499	409	584	375	686	309	669	1,171

Cash flow

annual · ₹ crore · line = free cash flow

showing latest 5 of 12 periods

	FY15‡	FY16‡	FY17‡	FY18‡	FY19‡	FY20‡	FY21‡	FY22	FY23	FY24	FY25	FY26
Cash from operations	298	412	312	225	632	94	281	244	698	-283	1,291	968
Cash from investing	-59	-223	-166	-5	-388	45	-115	-91	-269	-268	-705	-558
Cash from financing	-369	-153	-157	-69	-293	-189	-123	-106	-184	635	-483	-434
Capex	59	123	169	128	207	145	56	130	248	331	510	737
Free cash flow	240	289	143	98	425	-51	226	113	451	-614	781	231
Dividends paid	—	—	—	—	—	—	—	36	57	153	205	205

Where the assets sit

Sep '26 · ₹ crore

Fixed assets (PPE)

₹1,809 cr11%

CWIP

₹903 cr6%

Investments

₹297 cr2%

Inventories

₹5,055 cr31%

Receivables

₹5,267 cr32%

Cash & equivalents

₹1,171 cr7%

Other assets

₹1,785 cr11%

Peer comparison

largest in Capital Goods · this company in bold

Company	Market cap ₹cr	Price	P/E	P/B	ROE
Hindustan Aeronautics Ltd.	3,33,052	4,980.00	35.7	8.12	22.7%
Bharat Electronics Ltd.	2,89,468	396.00	45.2	11.02	24.4%
Tata Motors Ltd.	1,56,797	425.50	24.8	10.26	41.3%
Bharat Heavy Electricals Ltd.	1,45,828	418.80	50.7	5.45	10.8%
ABB India Ltd.	1,43,541	6,774.00	55.7	15.37	27.6%
Siemens Ltd.	1,26,736	3,560.00	28.2	8.02	28.4%
Hitachi Energy India Ltd.	1,23,988	27,800.00	107.8	23.95	22.2%
CG Power and Industrial Solutions Ltd.	1,21,786	773.00	89.1	13.94	15.6%
Polycab India Ltd.	1,18,610	7,871.00	37.6	9.06	24.1%
Cummins India Ltd.	1,12,233	4,048.80	49.8	13.52	27.1%
Apar Industries Ltd.	59,062	14,106.00	76.6	6.93	9.1%

StoxGud checklist: Neutral setup · 5/10

Price above 50-day average
Price above 200-day average
50-day average above 200-day (uptrend)
RSI in healthy 40–70 zone
Positive 1-year return
Return on equity above 15%
Debt to equity below 1
Revenue growing year on year
Net profit margin above 10%
P/E below industry median

A rules-based screen of trend, momentum, quality and valuation. Educational only — not a buy or sell recommendation.

Returns & technicals

1 month-22.3%

6 months+10.2%

1 year+49.1%

3Y CAGR+40.2%

5Y CAGR+83.7%

10Y CAGR+38.0%

50-day avg₹16,986.52

200-day avg₹13,495.89

RSI (14)34

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FAQs

What is the share price of Apar Industries Ltd.?

Apar Industries Ltd. (APARINDS) closed at ₹14,106.00 on NSE on 06 Nov 2026.

What is the market cap of Apar Industries Ltd.?

₹59,062 crore at the latest close.

What is the P/E ratio of Apar Industries Ltd.?

76.6, on trailing-twelve-month earnings from its filings.

How fast is Apar Industries Ltd. growing?

Apar Industries Ltd.: revenue has compounded at 16.9% a year over three years; net profit at 15.3% a year. Latest-quarter revenue is up 21.3% year on year, profit up 77.7%.

How profitable is Apar Industries Ltd.?

On a trailing-twelve-month basis return on equity is 9.1%, return on capital employed 24.9%, operating margin 9.4%, net margin 3.0%.

How much debt does Apar Industries Ltd. have?

Apar Industries Ltd. is lightly geared: debt to equity is 0.10 with borrowings of ₹888 cr against cash of ₹1,171 cr (balance sheet of 2026-09-30). Operating profit covers interest 4.6 times.

Financials parsed from Apar Industries Ltd.'s own XBRL filings to NSE (consolidated), ₹ crore unless marked. Quarterly from MAR '18, annual from FY18, balance sheet from Mar '14. * = derived (full year or half year minus earlier quarters). ‡ = balance sheet / cash flow read from the company's published annual report (same basis), for years before the NSE filings carry them; each one checked to add up. Information only, not investment advice.