Apar Industries Limited
Apar Industries Limited operates in Other Electrical Equipment, part of the Capital Goods sector. It booked ₹6,931 cr of revenue in its latest quarter (Q2 FY27) and kept 6.5% of sales as profit. It is the 2nd largest of 9 Other Electrical Equipment companies we track, by market value.
From the company's consolidated segment filings (Ind AS 108). Margin is segment operating profit (before interest & tax) over segment revenue; reconciliation rows like inter-segment eliminations are excluded from the mix.
“Established in 1958 in India, APAR Industries has sustainable energy, the government has made transcended its humble beginnings to become a significant strides in increasing power capacity We pride ourselves on being relentless global powerhouse. Today, more than six decades across the country.”
“is to multifaceted undertaking that requires collaboration create a world that is more energy-efficient, and coordination among various stakeholders to TRANSITION environmentally sustainable, and safer.”
Healthier than 63% of companies in Capital Goods, on all six measures of filed financials. Each measure is ranked against the 81–127 companies that reported it.
Measures financial condition, not whether to buy. Learn what this score means · How this is calculated
- RSI (14)
- 41
At close. Not part of the score.
How much profit it earns on the money it employs
How much it owes, and whether earnings cover the interest
Whether reported profit actually arrives as cash
Whether sales and profit have grown, and how steadily
What today's price implies, against our models or its peers
How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure
What if I invest in APARINDS?
Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.
The slider starts at 15%, taken from this company's own free-cash-flow trend. That is history, not a forecast — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.
P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-11-04.
An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.
| Revenue from Operations | ₹6,931 cr |
| Other Income | ₹61 cr |
| Total Income | ₹6,993 cr |
| Cost of Materials | ₹5,759 cr |
| Purchases of Stock-in-Trade | ₹22 cr |
| Inventory Change (±) | ₹-395 cr |
| Employee Benefit Expense | ₹139 cr |
| Finance Costs | ₹138 cr |
| Depreciation & Amortisation | ₹47 cr |
| Other Expenses | ₹685 cr |
| Total Expenses | ₹6,396 cr |
| Profit before Tax | ₹597 cr |
| Tax Expense | ₹150 cr |
| Share of JV / Associates | ₹11 L |
| Net Profit | ₹447 cr |
| Net margin on total income | 6.4% |
| Metric | Q4 FY26 | Q1 FY27 | Q2 FY27 |
|---|---|---|---|
| Revenue | 6,603 cr | 6,591 cr | 6,931 cr |
| Total income | 6,623 cr | 6,625 cr | 6,993 cr |
| Expenses | 6,286 cr | 6,002 cr | 6,396 cr |
| Profit before tax | 329 cr | 622 cr | 597 cr |
| Tax | 75 cr | 155 cr | 150 cr |
| Net profit (owners' share) | 253 cr | -139 cr | 447 cr |
| Net margin (owners' share, on revenue) | 3.8% | -2.1% | 6.5% |
| EPS (₹) | 63.09 | 116.37 | 110.10 |
| Company | Price | Market cap | P/E | ROE | Net margin | 1-yr return |
|---|---|---|---|---|---|---|
| Waaree Energies Limited | ₹2,318 | ₹66,677 cr | 23.2 | 17.9% | 9.6% | — |
| Apar Industries Limitedthis company | ₹15,523 | ₹64,995 cr | 35.2 | 21.0% | 6.5% | — |
| Premier Energies Limited | ₹890 | ₹40,402 cr | 21.3 | 43.0% | 18.8% | — |
| Diamond Power Infrastructure Limited | ₹368 | ₹21,979 cr | 49.1 | 56.5% | 10.5% | — |
| Mtar Technologies Limited | ₹6,313 | ₹19,417 cr | 96.6 | 24.4% | 13.9% | — |
| Emmvee Photovoltaic Power Limited | ₹231 | ₹16,011 cr | 10.5 | 34.8% | 24.2% | — |
| Avalon Technologies Limited | ₹1,991 | ₹13,303 cr | 95.4 | 19.3% | 7.2% | — |
| Fujiyama Power Systems Limited | ₹366 | ₹11,231 cr | 48.7 | — | 4.3% | — |
| Genus Power Infrastructures Limited | ₹271 | ₹7,496 cr | 9.5 | 35.5% | 14.4% | — |
| Action | Detail | Ex-date |
|---|---|---|
| Dividend | ₹60 / share | 11 Sep 2026 |
| Dividend | ₹51 / share | 29 Jul 2025 |
| Dividend | ₹51 / share | 20 Aug 2024 |
| Dividend | ₹40 / share | 4 Aug 2023 |
| Dividend | ₹15 / share | 4 Aug 2022 |
| Dividend | ₹9.5 / share | 5 Aug 2021 |
A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.
Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.
Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.
The company also transacted with 22 other related parties — subsidiaries, joint ventures, directors and others — that we could not match by name to the promoter list above. Some may still be connected to the family; we only count the ones the filings let us match with certainty.
Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.
When a company raises money from investors, it has to say up front what the money is for. The rules then make it report, every three months until the money is gone, how much of each of those things it has actually paid for — so a promise made while asking for the money can be checked afterwards.
As of Sep 2026, the company says it has spent 78% of what it set aside, leaving ₹560 cr still to be spent. CARE Ratings Limited watches the spending on the exchange’s behalf.
Every figure above is taken from the statement the company files with the stock exchange each quarter, for as long as money it has raised remains unspent. The only thing we work out is how much of each stated purpose has been paid for — one number divided by another from the same filing. Whether a plan that changed was a good change is not something a filing can tell you. See the filing