Apar Industries Limited

Capital Goods · Electrical Equipment

NSE: APARINDS BSE: 523377 BSE: 532259

₹17384.00

Sept. 30, 2026 · NSE · nse_bhavcopy

Peers in Electrical Equipment

The largest companies in the same industry by market cap. This company ranks #8 of 95. PE, ROE, 1Y return and scores come from the daily/weekly precomputed snapshot.

Company	Market cap (₹ Cr)	PE (TTM)	ROE	1Y return	Div. yield	Quality	Valuation	Momentum
Bharat Heavy Electricals Limited	144,680	59.9	6.1%	73.0%	—	54	36	32
ABB India Limited	143,589	92.3	13.6%	30.3%	1.76%	73	0	28
Hitachi Energy India Limited	136,525	118.7	19.1%	68.9%	0.03%	81	33	31
CG Power and Industrial Solutions Limited	134,535	96.5	14.5%	15.5%	0.15%	81	0	30
Siemens Limited	132,676	107.1	11.2%	19.4%	0.48%	72	0	29
Siemens Energy India Limited	113,959	76.6	—	-5.9%	0.13%	94	0	66
GE Vernova T&D India Limited	107,565	82.4	45.8%	36.7%	0.24%	94	31	31
Apar Industries Limited (this stock)	72,791	59.7	18.1%	111.6%	0.35%	62	25	50

Valuation multiples

Current only. Market cap is the whole company's; sales/EBITDA are trailing-twelve-month standalone; debt and cash come from the latest filed standalone balance sheet (March 31, 2026). EBITDA = PBT + interest + depreciation.

Enterprise value

₹73,014 Cr

EV / EBITDA

33.5x

EV / Sales

3.09x

Market cap / Sales

3.09x

Earnings yield

1.67%

Quarterly Financials

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Standalone Consolidated

↑ Positive

Quarterly Revenue

Jun 2026 quarterly revenue is Rs 6,511 Cr, up 32.7% YoY.

↑ Positive

Quarterly Net Profit

Jun 2026 quarterly net profit is Rs 453 Cr, up 75.7% YoY.

Period end	Revenue (₹ Cr)	PBT (₹ Cr)	Net profit (₹ Cr)	Basic EPS
June 30, 2026	6,477	611	453	₹112.7900
March 31, 2026	6,461	331	255	₹63.3600
Dec. 31, 2025	5,192	282	208	₹51.6800
Sept. 30, 2025	5,463	342	254	₹63.2000
June 30, 2025	4,881	347	258	₹64.1900
March 31, 2025	4,981	332	244	₹60.8100
Dec. 31, 2024	4,510	239	176	₹43.8300
Sept. 30, 2024	4,316	239	178	₹44.2600
June 30, 2024	3,747	262	196	₹48.6900
March 31, 2024	4,226	322	238	₹61.5400
Dec. 31, 2023	3,747	271	206	₹53.5600
Sept. 30, 2023	3,644	248	186	₹48.5000
June 30, 2023	3,506	258	193	₹50.5300

Quarterly income statement (standalone, ₹ Cr)

Indicator	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23
Total income (before exceptional items)	6,511	6,482	5,209	5,487	4,908	4,996	4,546	4,350	3,765	4,255	3,770	3,665	3,521
Operating revenue	6,477	6,461	5,192	5,463	4,881	4,981	4,510	4,316	3,747	4,226	3,747	3,644	3,506
Other income	34	21	17	24	27	16	36	35	18	30	23	21	16
Operating expenses	5,737	5,971	4,764	5,004	4,443	4,535	4,163	3,987	3,389	3,808	3,366	3,294	3,175
Operating profit	741	490	428	459	438	446	346	329	357	417	381	350	331
Operating profit margin	11.4%	7.6%	8.2%	8.4%	9.0%	8.9%	7.7%	7.6%	9.5%	9.9%	10.2%	9.6%	9.4%
Depreciation	42	39	37	37	35	33	30	29	28	28	25	25	24
Interest	122	134	101	104	83	97	114	95	85	97	108	98	64
Exceptional items, gain / (loss)	—	-8	-25	—	—	—	—	—	—	—	—	—	—
Profit before tax	611	331	282	342	347	332	239	239	262	322	271	248	258
Tax	158	77	74	88	89	88	63	62	67	84	65	62	65
Net profit	453	255	208	254	258	244	176	178	196	238	206	186	193
EPS	112.79	63.36	51.68	63.20	64.19	60.81	43.83	44.26	48.69	61.54	53.56	48.50	50.53
Net profit (TTM)	1,169	974	964	932	856	794	788	818	825	823	820	772	698
EPS (TTM)	291.03	242.43	239.88	232.03	213.09	197.59	198.32	208.05	212.29	214.13	213.95	201.64	182.31

Total income excludes exceptional items, which are shown on their own row. Trendlyne and Screener fold exceptional items into revenue or other income, so their totals differ from this table by exactly that row.

Annual Financials

Year ended	Revenue (₹ Cr)	PBT (₹ Cr)	Net profit (₹ Cr)
March 31, 2026	21,997	1,302	974
March 31, 2025	17,552	1,073	794
March 31, 2024	15,109	1,099	823
March 31, 2023	13,167	810	603

Annual income statement (standalone, ₹ Cr; CAGR to the latest year)

Indicator	CAGR 3Y	CAGR 5Y	Mar 26	Mar 25	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20	Mar 19	Mar 18	Mar 17
Total income (before exceptional items)	18.7%	29.9%	22,085^†	17,657^†	15,198^†	13,203^†	8,635^†	5,980^†	7,068^†	7,601^†	5,647^†	5,136^†
Operating revenue	18.7%	29.8%	21,997	17,552	15,109	13,167	8,596^†	5,961^†	7,060^†	7,586^†	5,636^†	5,121^†
Other income	—	—	89^†	105^†	89^†	36^†	39^†	19^†	8^†	15^†	11^†	15^†
Operating expenses	—	—	20,181^†	16,074^†	13,643^†	12,018^†	8,097^†	5,582^†	6,598^†	7,121^†	5,242^†	4,610^†
Operating profit	16.4%	36.7%	1,815^†	1,478^†	1,466^†	1,149^†	498^†	380^†	462^†	465^†	394^†	510^†
Operating profit margin	—	—	8.3%^†	8.4%^†	9.7%^†	8.7%^†	5.8%^†	6.4%^†	6.5%^†	6.1%^†	7.0%^†	10.0%^†
Depreciation	—	—	148^†	119^†	103^†	92^†	87^†	85^†	79^†	60^†	50^†	43^†
Interest	—	—	422^†	391^†	366^†	291^†	135^†	129^†	219^†	192^†	135^†	113^†
Exceptional items, gain / (loss)	—	—	-32^†	0^†	0^†	0^†	0^†	0^†	0^†	0^†	1^†	0^†
Profit before tax	17.1%	47.8%	1,302	1,073	1,099	810	316^†	185^†	172^†	228^†	221^†	279^†
Tax	—	—	328^†	279^†	276^†	207^†	82^†	48^†	33^†	81^†	77^†	97^†
Net profit	17.3%	48.1%	974	794	823	603	234^†	137^†	139^†	147^†	144^†	182^†
EPS	15.5%	46.6%	242.43^†	197.59^†	214.13^†	157.48^†	61.04^†	35.76^†	36.32^†	—	—	—

^† Derived: the sum of that fiscal year's four quarterly filings (a real annual filing is used wherever one exists). Checked against filed annual figures, the sum lands within 0.5% for about 94% of company-years.

Annual ratios (standalone)

Ratio	Mar 26	Mar 25	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20	Mar 19	Mar 18	Mar 17
Operating margin	8.3%^†	8.4%^†	9.7%^†	8.7%^†	5.8%^†	6.4%^†	6.5%^†	6.1%^†	7.0%^†	10.0%^†
EBIT margin	7.8%^†	8.3%^†	9.7%^†	8.4%^†	5.2%^†	5.3%^†	5.5%^†	5.5%^†	6.3%^†	7.7%^†
PBT margin	5.9%	6.1%	7.3%	6.1%	3.7%^†	3.1%^†	2.4%^†	3.0%^†	3.9%^†	5.5%^†
Net margin	4.4%	4.5%	5.4%	4.6%	2.7%^†	2.3%^†	2.0%^†	1.9%^†	2.6%^†	3.6%^†
Interest coverage	4.08x^†	3.74x^†	4.00x^†	3.78x^†	3.34x^†	2.43x^†	1.78x^†	2.18x^†	2.64x^†	3.48x^†
Dividend payout	21.0%^†	25.8%^†	18.7%^†	9.5%^†	15.6%^†	0.0%^†	52.3%^†	—	—	—
Earnings retention	79.0%^†	74.2%^†	81.3%^†	90.5%^†	84.4%^†	100.0%^†	47.7%^†	—	—	—
Current ratio	1.45x	1.47x	—	—	—	—	—	—	—	—
Quick ratio	0.92x	0.95x	—	—	—	—	—	—	—	—
Debt to equity	0.16x	0.11x	—	—	—	—	—	—	—	—
Return on equity	18.9%	18.5%	—	—	—	—	—	—	—	—
Return on assets	7.4%	7.4%	—	—	—	—	—	—	—	—
Return on capital employed	30.1%^†	31.3%^†	—	—	—	—	—	—	—	—
Asset turnover	1.66x	1.63x	—	—	—	—	—	—	—	—

Margins and asset turnover use operating revenue (interest earned for banks, excluding other income), not total income. Liquidity, leverage and return ratios need a filed standalone balance sheet, which exists only for recent years; returns use year-end equity/assets. Dividend payout is shown only for companies with a dividend record. † = built from a summed fiscal year.

Revenue Mix

Data unavailable.

Cash Flow

Year ended	Operating (₹ Cr)	Investing (₹ Cr)	Financing (₹ Cr)	Capex (₹ Cr)	Free Cash Flow (₹ Cr)
March 31, 2026	933	-537	-419	712	220
March 31, 2025	1,238	-699	-457	506	731
March 31, 2024	-235	-264	650	332	-567
March 31, 2023	577	-253	-159	231	346
March 31, 2022	218	-76	-82	115	103

Balance Sheet (standalone)

Year ended	Total Assets (₹ Cr)	Total Equity (₹ Cr)	Reserves (₹ Cr)	Borrowings, Current (₹ Cr)	Borrowings, Non-current (₹ Cr)	Current Assets (₹ Cr)	Current Liabilities (₹ Cr)	Cash & Equivalents (₹ Cr)	Net Block (₹ Cr)	Inventory (₹ Cr)
March 31, 2026	13,230	5,162	5,122	408	433	10,873	7,513	617	1,503	3,987
March 31, 2025	10,771	4,292	4,252	172	298	8,966	6,095	640	1,330	3,163
March 31, 2024	—	—	—	—	—	—	—	—	—	—
March 31, 2023	—	—	—	—	—	—	—	—	—	—
March 31, 2022	—	—	—	—	—	—	—	—	—	—

Financial charts

Trend charts drawn from the standalone income-statement and ratio tables above (oldest year on the left); a gap means that period has no figure. Annual years marked † in the tables are derived from four quarters.