Apar Industries Ltd
APAR Industries Limited engages in the electrical and metallurgical engineering business in India and internationally. It operates through Conductor, Transformer & Specialties Oils, Power/Telecom Cables, and Others segments. The company offers transformer oils, including naphthenic and iso--paraffinic grades; liquid paraffins that are used in baby oil, medical and pharma, cosmetic, food packaging and coating, personal care, bakery, and plastic industries; petroleum jelly for use in personal care, pharmaceutical formulations, dermatological and ophthalmic formulations, battery terminal compounds, release agents for plaster molds and castings, and leather industries; process oils for rubber and tires, EPDM rubber/profiles, low PCA oils, TPE and plastics, hot melt adhesives, ink oils, and base oils for metal working fluids; and process oils for general applications. It also provides CTC/PICC conductors, railway overhead conductors, T&D overhead conductors, optical ground wires, aluminum and alloy rods, specialty wires, and turnkey solutions, as well as copper rods, wires, busbars, and strips; and electrical cables, elastomer and E-beam cables, light duty cables and wires, fiber optic cables, and specialty products and services. In addition, the company offers gigavolt hybrid, LAN, and specialty cables; thermoplastic elastomers, vulcanizates, polyurethane, rubber, and polyester base elastomer under the Aparprene brand; general, metal working, and automotive lubricants; and specialty automotive products comprising batteries and lubricants, and battries and lubricants, power oils, as well as vehicle care services. It provides its products and services to applications in various fields, including power transmission conductors, petroleum specialty oils, power and telecommunication cables, and house wires. The company also exports its products. Apar Industries Limited was founded in 1958 and is headquartered in Mumbai, India.
Valuation
Profitability
Returns
Solvency
AI Summary
Indian StockRule-based from financial data. Not advice.
Historically, Jun has averaged the highest return (+12.8%); Jan the lowest (-8.8%).
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -4.4%Negative MonthJan 2026: -4.42% | +39.8%Positive MonthFeb 2026: +39.77% | -11.7%Negative MonthMar 2026: -11.66% | +24.9%Positive MonthApr 2026: +24.88% | +6.2%Positive MonthMay 2026: +6.16% | +19.9%Positive MonthJun 2026: +19.85% | -8.5%Negative MonthJul 2026: -8.46% | +18.8%*Positive MonthAug 2026: +18.77% | β | β | β | β |
| 2025 | -27.5%Negative MonthJan 2025: -27.47% | -22.4%Negative MonthFeb 2025: -22.40% | -4.6%Negative MonthMar 2025: -4.57% | +1.1%Neutral MonthApr 2025: +1.12% | +44.9%Positive MonthMay 2025: +44.92% | +7.3%Positive MonthJun 2025: +7.32% | +2.3%Positive MonthJul 2025: +2.26% | -13.2%Negative MonthAug 2025: -13.20% | +6.1%Positive MonthSep 2025: +6.06% | +5.7%Positive MonthOct 2025: +5.68% | +5.6%Positive MonthNov 2025: +5.62% | -8.6%Negative MonthDec 2025: -8.56% |
| 2024 | +4.4%Positive MonthJan 2024: +4.39% | -0.8%Neutral MonthFeb 2024: -0.83% | +11.7%Positive MonthMar 2024: +11.73% | +12.8%Positive MonthApr 2024: +12.82% | -0.3%Neutral MonthMay 2024: -0.26% | +7.7%Positive MonthJun 2024: +7.69% | +9.0%Positive MonthJul 2024: +8.98% | -0.7%Neutral MonthAug 2024: -0.67% | +3.7%Positive MonthSep 2024: +3.65% | +5.6%Positive MonthOct 2024: +5.65% | -0.1%Neutral MonthNov 2024: -0.05% | +2.8%Positive MonthDec 2024: +2.77% |
| 2023 | -5.8%Negative MonthJan 2023: -5.79% | +36.0%Positive MonthFeb 2023: +36.05% | +8.9%Positive MonthMar 2023: +8.91% | +12.4%Positive MonthApr 2023: +12.42% | -1.3%Neutral MonthMay 2023: -1.27% | +25.0%Positive MonthJun 2023: +24.97% | +8.8%Positive MonthJul 2023: +8.75% | +32.6%Positive MonthAug 2023: +32.63% | +9.3%Positive MonthSep 2023: +9.31% | -5.3%Negative MonthOct 2023: -5.32% | +6.9%Positive MonthNov 2023: +6.92% | +9.0%Positive MonthDec 2023: +8.99% |
| 2022 | -10.9%Negative MonthJan 2022: -10.87% | -9.7%Negative MonthFeb 2022: -9.73% | +3.6%Positive MonthMar 2022: +3.59% | +3.4%Positive MonthApr 2022: +3.36% | +7.4%Positive MonthMay 2022: +7.42% | +28.4%Positive MonthJun 2022: +28.35% | +21.2%Positive MonthJul 2022: +21.25% | +19.0%Positive MonthAug 2022: +19.02% | -2.9%Negative MonthSep 2022: -2.87% | +15.8%Positive MonthOct 2022: +15.78% | -2.6%Negative MonthNov 2022: -2.56% | +22.3%Positive MonthDec 2022: +22.35% |
| 2021 | β | β | β | β | β | -11.4%Negative MonthJun 2021: -11.40% | +27.9%Positive MonthJul 2021: +27.88% | -0.3%Neutral MonthAug 2021: -0.33% | -2.0%Neutral MonthSep 2021: -1.97% | +4.9%Positive MonthOct 2021: +4.95% | -0.3%Neutral MonthNov 2021: -0.25% | +15.6%Positive MonthDec 2021: +15.60% |
| AvgΒ±SD |
Each cell is the percentage change in closing price from the end of the prior month to the end of this month. The bottom row shows the average return for that calendar month across the selected years, plus or minus one standard deviation β the range that historically contained roughly two-thirds of outcomes. Past monthly patterns are not a forecast of future returns.
This aggregates every month by calendar position β all Januaries together, all Februaries together, and so on β to show whether a given month has leaned positive or negative historically. βSimpleβ counts each month as +1 or β1. βWeightedβ gives larger moves more influence: +2 above +10%, β2 below β10%. With only 6 years of history for this asset, each monthβs score reflects a small number of observations β read it as a historical tendency, not a reliable seasonal pattern.
This tracks a running tally across the assetβs full price history: each month adds or subtracts based on whether it was positive or negative. A rising line means more positive months than negative so far; a flattening or falling line means recent months have leaned negative. This measures historical month-to-month consistency, not expected future performance.
Year-to-date return is calculated by dividing each dayβs closing price by the price on January 1st of that year (or the assetβs first available price if it began trading mid-year). The custom average line shows the mean YTD return at each calendar day across the selected years. The standard deviation band shows the range within which returns have historically fallen β at 1 SD, roughly two-thirds of years; at 2 SD, roughly 95%. Past year-to-date patterns do not predict future returns. The average and standard deviation band are computed from the year set chosen in βAverage fromβ, which is independent of which year lines are displayed. The current in-progress year is excluded from these calculations, since a partial year is not comparable to complete ones. Election-cycle groupings follow the US presidential calendar and are offered only for US and crypto assets.
Historical Performance
Revenue, profitability, and cash flow trends (βΉ Crores)
Revenue (10Y)
Operating Income (10Y)
Net Profit (10Y)
Operating Margin % (10Y)
Dividend Payout % (10Y)
Free Cash Flow (10Y)
Growth Summary
Latest fiscal year: Mar 2025
Historical Growth
Year-by-year revenue, profitability, and cash flow (βΉ Crores, last 10 years)
| Year | Revenue | Op. Income | Net Profit | CFO | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|---|
| Mar 2025 | βΉ17.55 K Cr | β | βΉ794.00 Cr | β | β | 18.5% | 16.2% | -3.5% |
| Mar 2024 | βΉ15.11 K Cr | β | βΉ823.00 Cr | β | β | 22.3% | 14.9% | 36.5% |
| Mar 2023 | βΉ13.15 K Cr | β | βΉ603.00 Cr | β | β | 29.3% | 53.1% | 157.7% |
| Mar 2022 | βΉ8.59 K Cr | β | βΉ234.00 Cr | β | β | 14.8% | 44.1% | 70.8% |
| Mar 2021 | βΉ5.96 K Cr | β | βΉ137.00 Cr | β | β | 10.6% | -15.6% | -1.4% |
| Mar 2020 | βΉ7.06 K Cr | β | βΉ139.00 Cr | β | β | 12.8% | -6.9% | -5.4% |
| Mar 2019 | βΉ7.59 K Cr | β | βΉ147.00 Cr | β | β | 13.1% | 37.5% | 2.1% |
| Mar 2018 | βΉ5.52 K Cr | β | βΉ144.00 Cr | β | β | 14.1% | 15.5% | -20.9% |
| Mar 2017 | βΉ4.78 K Cr | β | βΉ182.00 Cr | β | β | 19.2% | -4.9% | 56.9% |
| Mar 2016 | βΉ5.02 K Cr | β | βΉ116.00 Cr | β | β | 15.3% | 0.5% | 141.7% |
Financial Statements
Income statement, balance sheet, and cash flow (βΉ Crores, as reported)
Consolidated Figures in USD Millions.
| Unnamed: 0 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue / Net Sales | 4,474 | 4,998 | 5,024 | 4,776 | 5,516 | 7,586 | 7,060 | 5,961 | 8,592 | 13,153 | 15,109 | 17,552 | 19,834 |
| Total Expenses | 4,193 | 4,745 | 4,649 | 4,339 | 5,104 | 7,099 | 6,571 | 5,565 | 8,064 | 11,969 | 13,590 | 16,042 | 18,145 |
| EBIT / Operating Profit | 281 | 253 | 375 | 436 | 412 | 487 | 489 | 395 | 528 | 1,183 | 1,519 | 1,511 | 1,689 |
| OPM % | 6% | 5% | 7% | 9% | 7% | 6% | 7% | 7% | 6% | 9% | 10% | 9% | 9% |
| Other Income | 5 | 8 | 10 | 15 | 11 | 15 | 5 | 22 | 37 | 41 | 88 | 104 | 102 |
| Finance Costs | 155 | 162 | 175 | 129 | 152 | 214 | 244 | 148 | 163 | 323 | 405 | 423 | 398 |
| Depreciation & Amortisation | 27 | 31 | 38 | 43 | 50 | 60 | 79 | 85 | 87 | 92 | 103 | 119 | 134 |
| Profit Before Tax | 104 | 68 | 173 | 279 | 221 | 228 | 172 | 185 | 316 | 810 | 1,099 | 1,073 | 1,260 |
| Tax % | 34% | 30% | 33% | 35% | 35% | 35% | 19% | 26% | 26% | 26% | 25% | 26% | - |
| Net Profit / PAT | 69 | 48 | 116 | 182 | 144 | 147 | 139 | 137 | 234 | 603 | 823 | 794 | 932 |
| EPS (βΉ) | 17.88 | 12.43 | 30.05 | 47.64 | 37.64 | 38.44 | 36.32 | 35.75 | 61.04 | 157.48 | 204.96 | 197.59 | 232.03 |
| Dividend Payout % | 29% | 28% | 22% | 21% | 25% | 25% | 26% | 27% | 25% | 25% | 25% | 26% | - |
Peer Comparison
Industrials sector peers, ranked by market cap
| Company | Market Cap | Revenue | P/E | P/B | EV/EBITDA | Rev G 1Y |
|---|---|---|---|---|---|---|
| Apar Industries Ltdthis co. | βΉ30.78 K Cr | βΉ17.55 K Cr | 33.00 | 6.64 | 18.44 | 16.2% |
| Larsen & Toubro Limited | βΉ5.35 L Cr | βΉ1.43 L Cr | 52.20 | 7.87 | 34.29 | 12.9% |
| Adani Ports and Special Economic Zone Ltd | βΉ3.29 L Cr | βΉ7.91 K Cr | 159.00 | 10.36 | 62.82 | 16.2% |
| Solar Industries India Limited | βΉ1.15 L Cr | βΉ4.46 K Cr | 121.00 | 32.81 | 128.61 | 19.9% |
| Polycab India Limited | βΉ1.14 L Cr | βΉ21.91 K Cr | 46.90 | 10.84 | 42.32 | 21.4% |
| Cummins India Ltd. | βΉ1.10 L Cr | βΉ10.34 K Cr | 49.50 | 15.01 | 47.01 | 15.4% |
| Ashok Leyland Ltd. | βΉ1.09 L Cr | βΉ38.75 K Cr | 32.00 | 9.49 | 22.91 | 1.0% |
| Industry Average | β | βΉ5.40 K Cr | 57.83 | 7.16 | 40.88 | 45.0% |
