Capital Goods · NIFTY 500

Apar Industries Limited

NSEAPARINDS BSE532259 ISININE372A01015 SeriesEQ Listed on NSE · BSE

₹14,358.00 +157.00 (+1.11%) Updated 12 Nov, 8:49 pm IST

Open chart Back to screener

Price, daily close+69.17% in a year

Today

Open: ₹14,370.00
Prev close: ₹14,201.00
Day high: ₹14,777.00
Day low: ₹14,253.00
Volume: 1.65 L
Value traded: ₹239.16 Cr
Upper circuit: ₹17,041.00
Lower circuit: ₹11,361.00
52W high: ₹19,265.00
52W low: ₹6,801.00
1 month: -20.82%
6 months: +9.83%

52W low52W high

Ratios

Key numbers

Worked out from the latest filings (Consolidated) and today's price. TTM = last four quarters.

Market cap₹60,117 Cr

P/E (TTM)42.15

P/B7.06

Book value / share₹2,034.92

EPS (TTM)₹340.68

ROE9.1%

Dividend yield0.42%

Dividend (12m)₹60.00 / share

Net margin (TTM)3.0%

Operating margin10.4%

Debt / equity0.10

Current ratio1.91

EV / EBITDA25.08

Sales growth (YoY qtr)+21.27%

Profit growth (YoY qtr)+77.72%

Sales CAGR 3Y+16.86%

Profit CAGR 3Y+15.28%

Shares4.19 Cr

Quarterly results

Results for each quarter

Last 12 quarters, consolidated, ₹ crore. Hover a bar to see the number.

Revenue and net profit

4,013218

Dec 23

4,455236

Mar 24

4,011203

Jun 24

4,645194

Sep 24

4,716175

Dec 24

5,210250

Mar 25

5,104263

Jun 25

5,715252

Sep 25

5,480209

Dec 25

6,603253

Mar 26

6,591-139

Jun 26

6,931447

Sep 26

Revenue · QoQ (vs last quarter)

—+11%-10.0%+16%+1.5%+10%-2.0%+12%-4.1%+20%-0.2%+5.2%

Revenue · YoY (vs a year ago)

————+18%+17%+27%+23%+16%+27%+29%+21%

Net profit · QoQ (vs last quarter)

—+8.6%-14%-4.3%-9.8%+43%+5.2%-4.3%-17%+21%-155%+423%

Net profit · YoY (vs a year ago)

————-20%+5.8%+30%+30%+19%+1.4%-153%+78%

RevenueNet profitLine = trend

56.62

Dec 23

60.97

Mar 24

50.42

Jun 24

48.27

Sep 24

43.55

Dec 24

62.23

Mar 25

65.39

Jun 25

62.55

Sep 25

51.92

Dec 25

62.96

Mar 26

116.02

Jun 26

109.78

Sep 26

EPS (₹) · YoY (vs a year ago)

————-23%+2.1%+30%+30%+19%+1.2%+77%+76%

EPS (₹)Line = trend

₹ Cr	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	4,013	4,455	4,011	4,645	4,716	5,210	5,104	5,715	5,480	6,603	6,591	6,931
Other income	21.0	32.8	16.2	32.8	34.2	17.1	24.8	27.4	15.3	19.7	33.7	61.3
Total income	4,034	4,488	4,027	4,677	4,751	5,227	5,129	5,743	5,495	6,623	6,625	6,993
Raw material	3,213	3,347	3,220	3,660	3,867	4,129	4,167	4,370	4,692	5,465	5,287	5,759
Purchases	18.2	17.7	18.2	19.0	22.4	33.4	25.1	30.4	24.1	23.8	28.2	22.1
Employee cost	72.9	77.9	82.2	87.9	89.4	78.4	105	99.7	109	114	126	139
Other expenses	561	515	405	459	507	586	514	684	527	806	641	685
Total expenses	3,750	4,166	3,756	4,421	4,512	4,887	4,776	5,402	5,182	6,286	6,002	6,396
Operating profit	405	421	376	357	356	458	452	461	419	488	758	721
OPM %	10.1%	9.5%	9.4%	7.7%	7.6%	8.8%	8.9%	8.1%	7.7%	7.4%	11.5%	10.4%
Finance cost	113	101	90.4	101	118	99.7	86.3	108	106	137	123	138
Depreciation	28.8	31.5	31.1	32.1	33.4	35.6	38.2	39.9	40.6	42.5	45.7	47.1
Exceptional items	—	—	—	—	—	—	—	—	-25.0	-7.5	—	—
Profit before tax	284	322	270	257	239	340	353	341	288	329	622	597
Tax	66.7	85.4	67.9	62.9	63.6	90.1	89.6	88.8	79.2	75.5	155	150
Net profit	218	236	203	194	175	250	263	252	209	253	467	447
Profit to shareholders	218	236	203	194	175	250	263	252	209	—	-139	447
EPS (₹)	56.62	60.97	50.42	48.27	43.55	62.23	65.39	62.55	51.92	62.96	116.02	109.78

Profit & loss

Results for each year

8 financial years (April to March), consolidated, ₹ crore.

Sales, operating profit and net profit

5,939408145

FY18

7,462476135

FY20

6,388415161

FY21

9,320548352

FY22

14,3521,227638

FY23

16,1531,522825

FY24

18,5811,547821

FY25

22,9021,843977

FY26

Revenue · YoY (vs a year ago)

——-14%+46%+54%+13%+15%+23%

Net profit · YoY (vs a year ago)

——+19%+119%+81%+29%-0.5%+19%

RevenueOperating profitNet profitLine = trend

₹ Cr	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
Other income	11.1	8.4	22.3	32.5	37.5	86.4	99.4	64.8
Total expenses	5,727	7,301	6,202	9,011	13,535	15,133	17,575	21,624
Employee cost	126	169	160	172	221	289	338	428
Operating profit	408	476	415	548	1,227	1,522	1,547	1,843
OPM %	6.9%	6.4%	6.5%	5.9%	8.5%	9.4%	8.3%	8.0%
Finance cost	140	228	136	141	306	387	409	437
Depreciation	55.9	87.1	93.4	97.8	104	116	132	161
Profit before tax	223	169	208	342	855	1,106	1,106	1,310
Tax	78.0	34.3	47.8	85.3	217	281	284	333
Tax rate %	35.0%	20.2%	22.9%	24.9%	25.4%	25.4%	25.7%	25.4%
Net profit	145	135	161	257	638	825	821	977
Profit to shareholders	145	135	—	352	638	825	821	—
Net margin %	2.4%	1.8%	2.5%	3.8%	4.4%	5.1%	4.4%	4.3%
EPS (₹)	37.82	35.32	41.94	67.09	166.64	212.10	204.47	242.81

Balance sheet

Assets and debt

At each year end (and the latest half year), ₹ crore.

Equity, debt and assets

2,236304499

Mar 23

3,876406584

Mar 24

4,504470686

Mar 25

5,393841669

Mar 26

8,5208881,171

Sep 26

Shareholders' equity · YoY (vs a year ago)

—+73%+16%+20%—

Shareholders' equityBorrowingsCashLine = trend

₹ Cr	Mar 23	Mar 24	Mar 25	Mar 26	Sep 26
Shareholders' equity	2,236	3,876	4,504	5,393	8,520
Long-term borrowings	151	334	298	433	615
Short-term borrowings	153	71.2	172	408	273
Total borrowings	304	406	470	841	888
Current liabilities	5,727	5,316	6,334	7,730	6,976
Fixed assets (PPE)	949	1,130	1,432	1,609	1,809
Inventories	2,576	2,864	3,311	4,153	5,055
Trade receivables	3,198	3,929	4,078	5,334	5,245
Cash & equivalents	499	584	686	669	1,171
Current assets	7,008	8,170	9,313	11,197	13,329
Total assets	8,218	9,616	11,264	13,711	16,289
Debt / equity	0.14	0.10	0.10	0.16	0.10

Cash flow

Cash coming in and going out

For each financial year, ₹ crore. Free cash flow = cash from operations minus spending on fixed assets.

Operating, investing and financing cash

244-90.6-106

FY22

698-269-184

FY23

-283-268635

FY24

1,291-705-483

FY25

968-558-434

FY26

Operations · YoY (vs a year ago)

—+186%-141%+556%-25%

OperationsInvestingFinancingLine = trend

₹ Cr	FY22	FY23	FY24	FY25	FY26
Cash from operations	244	698	-283	1,291	968
Cash from investing	-90.6	-269	-268	-705	-558
Cash from financing	-106	-184	635	-483	-434
Spent on fixed assets	-130	-248	-331	-510	-737
Free cash flow	114	451	-614	781	231
Net cash flow	46.8	245	83.7	103	-24.3

Shareholding

Who holds the shares

Promoter and public holding at each quarter end, as filed with NSE.

Holding over time

57.8%Mar 24

57.8%Jun 24

57.8%Sep 24

57.8%Dec 24

57.8%Mar 25

57.8%Jun 25

57.8%Sep 25

57.8%Dec 25

57.8%Mar 26

57.8%Jun 26

55.4%Aug 26

55.4%Sep 26

Promoter & groupPublic

Latest (30 Sep 2026)

55.4%promoter

Promoter & group: 55.42%
Public (FIIs, mutual funds, retail…): 44.58%
Promoter change, last quarter: 0.00 pts

Dividends & news

Latest dividends and announcements

Dividends & corporate actions

Dividend - Rs 60 Per ShareEx 11-Sep-2026
Dividend - Rs 51 Per ShareEx 29-Jul-2025
Annual General Meeting/Dividend - Rs 51 Per ShareEx 20-Aug-2024
Annual General Meeting/Dividend - Rs 40 Per ShareEx 04-Aug-2023
Annual General Meeting/Dividend - Rs 15 Per ShareEx 04-Aug-2022
Annual General Meeting/Dividend - Rs 9.50 Per ShareEx 05-Aug-2021
Annual General MeetingEx 07-Aug-2020
Interim Dividend - Rs 9.5 Per ShareEx 05-Mar-2020

Board meetings

APAR INDUSTRIES LIMITED has informed the Exchange about Board Meeting to be held on 29-Oct-2026 to inter-alia consider and approve the Unaudited Fina…29-Oct-2026
the financial results for the period ended September 30, 202629-Oct-2026
APAR INDUSTRIES LIMITED has informed the Exchange about Board Meeting to be held on 24-Jul-2026 to inter-alia consider and approve the Unaudited Fina…24-Jul-2026
the financial results for the period ended Jun 30, 202624-Jul-2026
Fund raising.30-Jun-2026

Filings with NSE

Analysts/Institutional Investor Meet/Con. Call Updates4 Nov
Copy of Newspaper Publication30 Oct
Acquisition30 Oct
Analysts/Institutional Investor Meet/Con. Call Updates29 Oct
Monitoring Agency Report29 Oct
General Updates29 Oct
Investor Presentation29 Oct

Latest news

What APAR Industries Doubters OverlookedSimply Wall St · 12 Nov, 9:05 am What Comes Next For APAR Industries After A 104% GainYahoo Finance · 15 Oct, 12:30 pm Apar Industries Ltd. Peer Comparison – Compare with OthersValue Research · 30 Aug, 7:19 pm Apar Industries Shares Rise 2.11% to Rs 16,795.00TradingView · 11 Aug, 12:30 pm Apar Industries opens e-voting for ₹2,500 crore fund raising EGMscanx.trade · 24 Jun, 5:07 pm Apar Industries Shares Decline 2.01% on FridayMoneycontrol.com · 14 Aug, 12:30 pm Apar Industries rallies 6%, hits new high in weak market; here's whyBusiness Standard · 3 Jun, 12:30 pm Apar Industries Share Price Fall Streak and AnalysisUnivest · 22 Oct, 12:30 pm

About

About Apar Industries Limited

Apar Industries Limited is listed on the NSE under the symbol APARINDS and belongs to the Capital Goods sector.

Company details

Company name: Apar Industries Limited
NSE symbol: APARINDS
BSE scrip code: 532259
ISIN: INE372A01015
Listed on: NSE, BSE
Series: EQ (normal equity)
Listed on NSE since: 12 Jul 2004
Face value: ₹10 per share
Market lot: 1 share
Shares issued: 4.19 crore
Index: NIFTY 500
Sector (NSE): Capital Goods
Industry: Electronic Equipment/Instruments
Managing director / CEO: Kushal Desai
Chair: Kushal Desai
Headquarters: Vadodara, Gujarat, India
Registered address: APAR House’, Bldg. No. 5, Corporate Park, Sion - Trombay Road, Chembur, Mumbai – 400071, Maharashtra, India
Founded: 1989
Employees: 10,139
Financial year: April to March
Results basis: Consolidated
Website: apar.com

Peers

Other Capital Goods stocks

Prices from NSE via Upstox. Financials from the company's results filed with NSE (XBRL); ratios are our own working. Profile from global-stock-logos (MIT). For information only, not a recommendation to buy or sell.

India, Wall Street, crypto and commodities, live.

Every product, one clear workflow.

Built from data, on the record.

A clearer view of the markets.

Calculators and tools that show the maths.

Read the numbers, not the noise.

Apar Industries Limited

Today

Ratios

Quarterly results

Revenue and net profit

Profit & loss

Sales, operating profit and net profit

Balance sheet

Equity, debt and assets

Cash flow

Operating, investing and financing cash

Shareholding

Holding over time

Latest (30 Sep 2026)

Dividends & news

Dividends & corporate actions

Board meetings

Filings with NSE

Latest news

About

Company details

Peers