Is Apar Industries a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Apar Industries Ltd is a good quality company .

Is Apar Industries undervalued or overvalued?

The key valuation ratios of Apar Industries Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone .

What is Apar Industries share price return in the past 10 years?

Apar Industries Ltd share price has appreciated 36.5% annually (CAGR) over the past ten years.

Is Apar Industries a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Apar Industries Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

What is the P/E ratio of Apar Industries?

The latest standalone P/E ratio of Apar Industries as of 21-Nov-2024 is 46.59.

What is the P/B ratio of Apar Industries?

The latest standalone P/B ratio of Apar Industries as of 21-Nov-2024 is 9.76.

What is the 52-week high and low of Apar Industries?

The 52-week high of Apar Industries is Rs. 11024.95 and the 52-week low is Rs. 5158.20.

Apar Industries Ltd - Stock Valuation and Financial Performance

Name: Apar Industries
Brand: Apar Industries

BSE: 532259 | NSE: APARINDS | Electric Equipment | Mid Cap

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Apar Inds Share Price

₹9,453.05 -30.75 -0.32%
as on 21-Nov'24 16:59

10 Year X-Ray of Apar Inds:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis ^P

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
ROCE % ⓘ	18%	28.7%	31.3%	27.1%	30%	28.8%	23.2%	27.9%	52.7%	45.1%	-
Value Creation Index ⓘ	0.3	1.1	1.2	0.9	1.2	1.1	0.7	1.0	2.9	3.0	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	5,122	5,078	4,832	5,819	7,964	7,425	6,388	9,317	14,336	16,153	17,030
Sales YoY Gr.	-	-0.9%	-4.9%	20.4%	36.9%	-6.8%	-14%	45.8%	53.9%	12.7%	-
Adj EPS ⓘ	12.8	31.1	44.7	37	34.4	39.1	40.9	64.1	168.5	201.9	211.7
YoY Gr.	-	143.5%	43.7%	-17.3%	-7.1%	13.7%	4.7%	56.6%	163.1%	19.8%	-
BVPS (₹) ⓘ	189.6	221.8	270.7	289.6	314.2	304.8	365.7	448.2	584.4	965	1,022.6
Adj Net Profit ⓘ	49.3	120	171	142	132	150	157	245	645	811	850
Cash Flow from Ops. ⓘ	298	412	312	225	632	94.2	281	244	698	-283	-
Debt/CF from Ops. ⓘ	1.7	0.9	1	1.6	0.4	3.4	0.9	1.2	0.4	-1.4	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	13.6%	15.2%	36.2%	12.7%
Adj EPS ⓘ	35.9%	42.5%	70.3%	19.8%
BVPSⓘ	19.8%	25.2%	38.2%	65.1%
Share Price	36.5%	82.6%	140.8%	63.1%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Return on Equity % ⓘ	6.9	15.1	18.1	13.2	11.4	12.6	12.2	15.7	32.6	26.5	21.3
Op. Profit Mgn % ⓘ	5.2	7.5	9	7.3	6.2	6.9	6.7	5.7	8.7	9.7	9.2
Net Profit Mgn % ⓘ	1	2.3	3.5	2.4	1.7	2	2.5	2.6	4.5	5	5
Debt to Equity ⓘ	0.7	0.5	0.3	0.3	0.2	0.3	0.2	0.2	0.1	0.1	0.1
Working Cap Days ⓘ	157	153	166	182	162	179	210	180	152	160	82
Cash Conv. Cycle ⓘ	31	16	9	75	110	114	125	111	99	117	28

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 36.24%

Net Profit is growing at healthy rate in last 3 years 70.26%

Return on Equity has declined versus last 3 years average to 21.30%

Sales growth is not so good in last 4 quarters at 9.18%

Latest Financials - Apar Industries Ltd.

	Standalone	Consolidated
TTM EPS (₹)	203.5	211.7
TTM Sales (₹ Cr.)	15,942	17,030
BVPS (₹.) ⓘ	971.6	1,022.6
Reserves (₹ Cr.) ⓘ	3,863	4,067
P/BV ⓘ	9.76	9.27
PE ⓘ	46.59	44.81

From the Market
52 Week Low / High (₹)	5158.20 / 11024.95
All Time Low / High (₹)	2.40 / 11024.95
Market Cap (₹ Cr.)	38,095
Equity (₹ Cr.)	40.2
Face Value (₹)	10
Industry PE ⓘ	90.2

Management X-Ray of Apar Inds:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of Apar Inds

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Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of Apar Inds

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Sales	5,122	5,078	4,832	5,819	7,964	7,425	6,388	9,317	14,336	16,153
Operating Expenses ⓘ	4,858	4,701	4,400	5,393	7,473	6,939	5,959	8,784	13,097	14,588
Manufacturing Costs	339	376	398	420	560	575	541	633	498	641
Material Costs	4,093	3,896	3,579	4,480	6,336	5,707	4,800	7,208	11,076	12,540
Employee Cost	79	91	107	126	148	169	160	172	221	289
Other Costs ⓘ	347	338	316	367	430	488	458	770	1,301	1,118
Operating Profit ⓘ	264	378	432	425	490	487	429	533	1,240	1,565
Operating Profit Margin (%)	5.1%	7.4%	8.9%	7.3%	6.2%	6.6%	6.7%	5.7%	8.6%	9.7%
Other Income ⓘ	11	13	17	11	16	24	30	78	63	89
Interest ⓘ	171	175	131	158	223	254	157	171	344	432
Depreciation ⓘ	31	38	45	56	67	87	93	98	104	116
Exceptional Items ⓘ	0	0	0	0	0	0	0	0	0	0
Profit Before Tax ⓘ	72	178	273	223	216	169	208	342	855	1,106
Tax ⓘ	23	57	97	78	80	34	48	85	217	281
Profit After Tax	49	120	176	145	136	135	161	257	638	825
PAT Margin (%)	1.0%	2.4%	3.6%	2.5%	1.7%	1.8%	2.5%	2.8%	4.4%	5.1%
Adjusted EPS (₹)	12.9	31.6	46.1	37.8	35.6	35.3	41.9	67.1	166.6	205.4
Dividend Payout Ratio (%)	27%	21%	22%	25%	27%	27%	23%	22%	24%	25%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Shareholders Fund	730	854	1,036	1,108	1,202	1,166	1,400	1,715	2,236	3,876
Share Capital ⓘ	39	39	38	38	38	38	38	38	38	40
Reserves ⓘ	691	815	998	1,070	1,164	1,128	1,361	1,677	2,198	3,836
Minority Interest	1	0	0	0	0	0	0	0	0	0
Debt	481	347	277	332	218	282	213	234	246	339
Long Term Debt	95	83	91	162	130	188	192	195	151	334
Short Term Debt	387	264	186	170	88	94	21	39	94	4
Trade Payables	1,573	1,396	1,772	2,551	3,264	2,848	3,038	4,083	5,206	4,813
Others Liabilities ⓘ	170	321	363	285	273	357	348	574	529	588
Total Liabilities ⓘ	2,956	2,919	3,448	4,276	4,957	4,654	4,999	6,608	8,218	9,616
Fixed Assets
Gross Block	624	435	647	776	898	1,153	1,236	1,327	1,490	1,837
Accumulated Depreciation	230	37	73	127	189	268	358	445	539	644
Net Fixed Assetsⓘ	395	398	574	649	709	885	878	881	950	1,193
CWIP ⓘ	10	56	28	20	103	55	29	38	99	122
Investmentsⓘ	5	112	119	0	187	0	60	31	54	11
Inventories	944	770	994	1,212	1,283	1,331	1,563	2,139	2,576	2,864
Trade Receivables	1,267	1,090	1,254	1,734	2,142	1,899	1,861	2,531	3,198	3,929
Cash Equivalents	100	134	123	274	225	176	222	266	530	646
Others Assetsⓘ	234	358	357	387	308	308	386	721	810	850
Total Assets ⓘ	2,956	2,919	3,448	4,276	4,957	4,654	4,999	6,608	8,218	9,616

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	298	412	312	225	632	94	281	244	698	-283
PBT ⓘ	72	178	273	223	216	169	208	342	855	1,106
Adjustment ⓘ	98	109	102	153	184	292	164	207	357	449
Changes in Working Capital ⓘ	146	159	37	-91	304	-287	-47	-214	-294	-1592
Tax Paid ⓘ	-18	-34	-101	-60	-73	-80	-44	-91	-219	-247
Cash Flow From Investing Activity ⓘ	-59	-223	-166	-5	-388	45	-115	-91	-267	-268
Capex	-56	-123	-168	-128	-208	-145	-55	-129	-247	-330
Net Investments	-3	-101	-1	123	-180	190	-60	39	-18	54
Others ⓘ	-1	1	3	0	0	0	0	0	-2	7
Cash Flow From Financing Activityⓘ	-369	-153	-157	-69	-293	-189	-123	-106	-186	635
Net Proceeds from Shares ⓘ	1	0	0	0	0	0	0	0	0	983
Net Proceeds from Borrowing ⓘ	43	14	-2	75	-27	55	21	4	-52	193
Interest Paid ⓘ	-48	-73	-68	-79	-142	-154	-66	-47	-121	-285
Dividend Paid ⓘ	-20	-38	0	-38	-36	-87	0	-36	-57	-153
Others ⓘ	-345	-55	-86	-26	-88	-3	-78	-27	45	-103
Net Cash Flow ⓘ	-130	36	-11	152	-49	-49	44	47	245	84

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	6.93	15.19	18.65	13.5	11.78	11.41	12.51	16.48	32.28	27
ROCE (%)	17.96	28.65	31.32	27.09	30.03	28.82	23.2	27.94	52.72	45.08
Asset Turnover Ratio	1.88	1.89	1.66	1.54	1.73	1.55	1.32	1.61	1.94	1.82
PAT to CFO Conversion(x)	6.08	3.43	1.77	1.55	4.65	0.7	1.75	0.95	1.09	-0.34
Working Capital Days
Receivable Days	77	78	81	92	89	99	107	86	73	80
Inventory Days	64	56	61	68	57	64	83	73	60	61
Payable Days	131	139	162	101	43	60	80	59	39	28

Apar Industries Ltd Stock News

Apar Industries Ltd FAQs

What is the share price of Apar Inds?

Company share prices are keep on changing according to the market conditions. The closing price of Apar Inds on 21-Nov-2024 16:59 is ₹9,453.1.

What is the market cap of Apar Inds?

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 21-Nov-2024 16:59 the market cap of Apar Inds stood at ₹38,094.8.

What is the P/E ratio of Apar Inds?

The latest P/E ratio of Apar Inds as of 21-Nov-2024 16:59 is 46.59.

What is the P/B ratio of Apar Inds?

The latest P/B ratio of Apar Inds as of 21-Nov-2024 16:59 is 9.76.

What is the 52-week high and low of Apar Inds?

The 52-week high of Apar Inds is ₹11,025 and the 52-week low is ₹5,158.2.

What is the TTM revenue of Apar Inds?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Apar Inds is ₹15,942 ( Cr.) .

About Apar Industries Ltd

Apar Industries, incorporated in 1989, is one among the best established companies in India operating in the diverse fields of electrical, metallurgical and chemical engineering.

Company manufactures full range of powerline brand such as EC grade aluminium wire rods, aluminium alloy wire rods AAC (all aluminium conductors), ACSR (aluminium conductor steel reinforced), ACSR/AW (aluminium conductor aluminium clad steel reinforced), AACSR (aluminium alloy conductor steel reinforced), AACSR/AW (aluminium alloy conductor Clad steel reinforced), AAAC (all aluminium alloy conductors), High Temperature Low Sag (HTLS) TACSR Conductors, high conductivity alloy conductors, ACAR (aluminium conductor alloy reinforced), stay wire / galvanized steel earth wire (GSW) and mechanical grade alloy wire bundles.

Apar caters to a wide range of industries such as power, rubber, tyre, ink, cosmetics, food, pharmaceutical, health care, steel, aluminium, petrochemical, plastic, paper, sugar, cement, automotive etc. Further, it has product presence across Asia, Middle East, Africa, Europe, Australia and Far East.

Aluminium Conductors- Apar is the second largest producer of aluminium conductors in India which commands 23% of market share. Its manufacturing facilities for aluminium conductor are located at Silvassa and Nalagarh.

Company has a production capacity of over 250 thousand tons per annum and operates two manufacturing facilities located in Mumbai.

Subsidiaries

Petroleum Specialities Pte (PSPL) of Singapore is in the business of trading in petroleum based products and general wholesale trade, including general importers and exporters.
Quantum Apar Speciality Oils Pty of Australia is responsible for marketing of speciality lubricants.
Poweroil Speciality Products FZE of U.A.E is a general trading company.
Uniflex Cables is India is publicly-listed entity engaged in the business of manufacture of PVC / Elastomeric cables.

Joint ventures-

Apar Chematek Lubricants - Apar Industries formed 50:50 joint venture with Chematek SpA, Italy for marketing of the â€˜Agipâ€™ brand of automotive lubricants of ENI SpA. Italy.

Products manufactured by the company:

Apar Industries manufactures products such as transformer oils, industrial oils and lubricants, liquid paraffins and white oils, rubber processing oils and ink oils.

Awards/recognition:

Company has received various certifications such as ISO 9001:2008, ISO 14001:2004 and ISO / IEC 17025 : 2005 NABL.