Apar Industries Ltd

BSE: APARINDS532259ISIN INE372A01015

Industrials
Other Electrical Equipment
BSE 500

BSE listing

Share price

₹18,873.90+1,068.55 (+6.00%)

as of 18 Sep 2026

52W high: ₹19,054.00
52W low: ₹6,800.00
Off 52W high: -0.95%
1M return: +13.65%
3M return: +15.96%
6M return: +95.17%
1Y return: +110.95%
20D avg volume: 6,059
50 DMA: ₹16,016.62
200 DMA: ₹12,157.66

Key ratios Consolidated

Market cap: ₹79,029 Cr
Current price: ₹18,873.90
52W high / low: ₹19,054.00 / ₹6,800.00
Face value: ₹10.00
P/E: 66.89
P/B: —
EPS (TTM): ₹282.17
Book value / share: —
ROE: —
ROCE: 29.20%
Operating margin: —
Net margin: —
Debt / equity: 0.16
Net debt: ₹171.79 Cr
Interest cover: 4.00
Dividend yield: 0.32%
Dividend / share (TTM): ₹60.00
Payout: 21.26%
Cash conversion cycle: 41.9 days

Financials

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24
Income statement
	6,591	6,603	5,480	5,715	5,104	5,210	4,716	4,645	4,011	4,455	4,013	3,926
	33.65	19.72	15.31	27.43	24.79	17.13	34.18	32.78	16.22	32.81	21.00	18.76
	6,002	6,286	5,182	5,402	4,776	4,887	4,512	4,421	3,756	4,166	3,750	3,707
	5,287	5,465	4,692	4,370	4,167	4,129	3,867	3,660	3,220	3,347	3,213	2,905
	28.19	23.81	24.09	30.42	25.10	33.39	22.43	18.95	18.21	17.69	18.19	33.90
	126.23	114.26	109.09	99.65	104.87	78.35	89.40	87.88	82.15	77.93	72.90	72.35
	123.17	136.79	106.10	107.90	86.32	99.65	118.35	100.56	90.35	101.08	112.82	103.08
	45.71	42.48	40.56	39.88	38.21	35.62	33.37	32.06	31.11	31.47	28.84	28.17
	640.96	805.58	526.64	683.91	513.80	586.26	507.15	459.49	404.70	515.30	561.38	524.59
	622.34	336.34	313.08	340.56	352.51	340.09	238.56	256.70	270.39	321.61	284.38	237.27
	0.00	-7.54	-24.99	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	622.34	328.80	288.09	340.56	352.51	340.09	238.56	256.70	270.39	321.61	284.38	237.27
	155.15	75.48	79.15	88.83	89.61	90.06	63.56	62.85	67.85	85.40	66.73	62.89
	467.45	253.44	208.93	251.70	262.91	249.97	174.91	193.88	202.54	236.22	217.57	173.88
	116.37	63.09	52.01	62.66	65.45	62.23	43.55	48.27	50.42	60.97	56.62	45.44
Key metrics
	791.22	508.07	434.75	488.34	477.04	475.36	390.28	389.32	391.85	454.16	426.04	368.52
	12.00%	7.70%	7.90%	8.50%	9.30%	9.10%	8.30%	8.40%	9.80%	10.20%	10.60%	9.40%
	7.10%	3.80%	3.80%	4.40%	5.20%	4.80%	3.70%	4.20%	5.10%	5.30%	5.40%	4.40%
	—	7.80%	—	8.50%	—	8.90%	—	—	—	—	—	—
	29.10%	26.70%	16.20%	23.10%	27.30%	16.90%	17.50%	18.30%	—	—	—	—
	77.80%	1.40%	19.50%	29.80%	29.80%	5.80%	-19.60%	11.50%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18
Income statement
	24,389	22,902	18,581	16,153	14,352	9,320	6,388	7,462	7,964	5,939
	96.11	64.77	99.40	86.43	37.47	32.49	22.26	8.41	15.05	11.11
	22,873	21,624	17,575	15,133	13,535	9,011	6,202	7,301	7,763	5,727
	19,814	18,694	14,875	12,564	10,974	7,418	4,676	5,767	6,388	4,406
	106.51	103.42	92.98	117.44	69.45	130.71	78.97	148.60	74.89	87.05
	449.23	427.87	337.78	288.85	220.50	172.49	160.38	168.83	148.02	126.08
	473.96	437.11	408.91	386.58	305.50	140.62	136.04	227.65	199.87	140.00
	168.63	161.14	132.15	115.71	104.34	97.84	93.44	87.12	66.67	—
	2,657	2,507	1,957	1,802	2,196	1,392	1,012	1,066	1,012	792.87
	1,612	1,342	1,106	1,106	854.58	341.88	208.27	169.41	216.22	222.77
	-32.53	-32.53	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	1,580	1,310	1,106	1,106	854.58	341.88	208.27	169.41	216.22	222.77
	398.61	333.07	284.33	280.74	216.84	85.26	47.77	34.26	80.16	78.03
	1,182	976.93	821.31	825.11	637.72	256.73	160.50	135.15	136.06	144.74
	294.13	243.21	204.47	212.10	166.64	67.09	41.94	35.32	35.55	—
Key metrics
	2,222	1,908	1,647	1,609	1,264	580.34	437.75	484.18	482.76	362.77
	9.11%	8.30%	8.90%	10.00%	8.80%	6.20%	6.90%	6.50%	6.10%	6.10%
	4.84%	4.30%	4.40%	5.10%	4.40%	2.80%	2.50%	1.80%	1.70%	2.40%
	—	29.20%	30.70%	—	—	—	—	—	—	—
	—	23.30%	15.00%	12.50%	54.00%	45.90%	-14.40%	-6.30%	34.10%	—
	—	18.90%	-0.50%	29.40%	148.40%	60.00%	18.80%	-0.70%	-6.00%	—
	—	231.01	780.87	—	—	—	—	—	—	—
	—	0.99	1.57	—	—	—	—	—	—	—
	—	0.16	0.10	—	—	—	—	—	—	—
	—	171.79	-216.28	—	—	—	—	—	—	—
	—	41.9	36.1	—	—	—	—	—	—	—
Balance sheet
	—	13,711	11,264	—	—	—	—	—	—	—
	—	11,197	9,313	—	—	—	—	—	—	—
	—	668.72	686.42	—	—	—	—	—	—	—
	—	5,334	4,078	—	—	—	—	—	—	—
	—	4,153	3,310	—	—	—	—	—	—	—
	—	666.12	852.57	—	—	—	—	—	—	—
	—	1,609	1,432	—	—	—	—	—	—	—
	—	6,856	5,549	—	—	—	—	—	—	—
	—	7,730	6,334	—	—	—	—	—	—	—
	—	840.51	470.14	—	—	—	—	—	—	—
	—	407.73	171.81	—	—	—	—	—	—	—
	—	432.78	298.33	—	—	—	—	—	—	—
	—	5,393	4,504	—	—	—	—	—	—	—
Cash flow
	—	967.67	1,291	—	—	—	—	—	—	—
	—	-558.08	-704.79	—	—	—	—	—	—	—
	—	-433.91	-482.90	—	—	—	—	—	—	—
	—	736.66	509.69	—	—	—	—	—	—	—

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24
Income statement
	6,477	6,461	5,192	5,463	4,881	4,981	4,510	4,316	3,747	4,226	3,747	3,644
	33.71	21.43	16.99	23.58	26.84	15.82	36.25	34.82	18.34	29.58	22.74	20.73
	5,900	6,143	4,902	5,145	4,561	4,664	4,307	4,111	3,503	3,933	3,499	3,417
	5,216	5,293	4,446	4,153	3,985	3,944	3,686	3,402	2,981	3,136	2,992	2,653
	28.19	23.81	24.09	30.42	25.10	33.39	22.43	18.95	18.21	17.69	18.19	33.90
	111.68	102.12	98.85	89.20	96.94	69.26	82.18	82.02	76.19	72.56	68.70	65.88
	121.53	133.58	101.21	104.26	82.97	96.54	113.84	95.13	85.33	96.57	107.94	97.77
	42.11	38.95	37.37	36.63	35.07	32.53	30.11	28.89	27.96	28.07	25.41	25.00
	629.51	792.23	512.77	654.97	498.43	572.54	490.47	441.59	388.94	505.06	543.13	500.50
	610.78	338.95	306.26	341.67	347.04	332.47	238.58	239.41	262.36	322.30	270.74	247.88
	0.00	-7.79	-24.57	0.00	0.00	0.00	—	—	—	—	—	—
	610.78	331.16	281.69	341.67	347.04	332.47	238.58	239.41	262.36	322.30	270.74	247.88
	157.73	76.64	74.07	87.80	89.18	88.20	62.52	61.63	66.80	83.86	64.92	62.26
	453.05	254.52	207.62	253.87	257.86	244.27	176.06	177.78	195.56	238.44	205.82	185.62
	112.79	63.36	51.68	63.20	64.19	60.81	43.83	44.26	48.69	61.54	53.56	48.50
Key metrics
	774.42	503.69	420.27	482.56	465.08	461.54	382.53	363.43	375.65	446.94	404.09	370.65
	12.00%	7.80%	8.10%	8.80%	9.50%	9.30%	8.50%	8.40%	10.00%	10.60%	10.80%	10.20%
	7.00%	3.90%	4.00%	4.60%	5.30%	4.90%	3.90%	4.10%	5.20%	5.60%	5.50%	5.10%
	—	8.10%	—	8.90%	—	9.20%	—	—	—	—	—	—
	32.70%	29.70%	15.10%	26.60%	30.30%	17.90%	20.40%	18.40%	—	—	—	—
	75.70%	4.20%	17.90%	42.80%	31.90%	2.40%	-14.50%	-4.20%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18
Income statement
	23,593	21,997	17,552	15,109	13,167	8,596	5,961	7,060	7,586	5,636
	95.71	71.18	104.31	88.77	42.84	37.09	25.77	8.29	14.82	10.92
	22,091	20,734	16,584	14,099	12,401	8,317	5,802	6,897	7,373	5,425
	19,109	17,877	14,013	11,635	10,015	6,850	4,374	5,434	6,065	4,160
	106.51	103.42	92.98	117.44	69.45	130.71	78.97	148.60	74.89	87.05
	401.85	387.12	309.64	268.03	205.71	160.16	150.43	160.02	139.57	118.77
	460.58	422.03	390.83	366.40	290.76	134.80	129.24	219.08	192.28	134.93
	155.06	148.02	119.49	102.57	91.94	86.73	84.87	79.15	60.13	49.59
	2,589	2,441	1,893	1,745	2,078	1,279	945.56	1,019	965.71	751.04
	1,598	1,334	1,073	1,099	809.59	315.60	184.70	171.67	227.75	221.36
	-32.36	-32.36	0.00	—	—	—	—	—	—	—
	1,565	1,302	1,073	1,099	809.59	315.60	184.70	171.67	227.75	221.36
	396.24	327.69	279.15	276.13	206.93	82.00	47.88	32.69	80.66	77.31
	1,169	973.91	793.67	823.28	602.66	233.60	136.82	138.98	147.09	144.05
	291.03	242.46	197.59	211.63	157.48	61.04	35.75	36.32	38.44	—
Key metrics
	2,181	1,872	1,583	1,568	1,192	537.13	398.81	469.90	480.16	405.88
	9.24%	8.50%	9.00%	10.40%	9.10%	6.20%	6.70%	6.70%	6.30%	7.20%
	4.96%	4.40%	4.50%	5.40%	4.60%	2.70%	2.30%	2.00%	1.90%	2.60%
	—	30.10%	31.30%	—	—	—	—	—	—	—
	—	25.30%	16.20%	14.70%	53.20%	44.20%	-15.60%	-6.90%	34.60%	—
	—	22.70%	-3.60%	36.60%	158.00%	70.70%	-1.60%	-5.50%	2.10%	—
	—	220.28	731.40	—	—	—	—	—	—	—
	—	0.96	1.56	—	—	—	—	—	—	—
	—	0.16	0.11	—	—	—	—	—	—	—
	—	223.35	-169.55	—	—	—	—	—	—	—
	—	44.7	38.6	—	—	—	—	—	—	—
Balance sheet
	—	13,230	10,771	—	—	—	—	—	—	—
	—	10,873	8,966	—	—	—	—	—	—	—
	—	617.16	639.69	—	—	—	—	—	—	—
	—	5,278	3,962	—	—	—	—	—	—	—
	—	3,987	3,163	—	—	—	—	—	—	—
	—	636.43	835.26	—	—	—	—	—	—	—
	—	1,503	1,330	—	—	—	—	—	—	—
	—	6,575	5,272	—	—	—	—	—	—	—
	—	7,513	6,095	—	—	—	—	—	—	—
	—	840.51	470.14	—	—	—	—	—	—	—
	—	407.73	171.81	—	—	—	—	—	—	—
	—	432.78	298.33	—	—	—	—	—	—	—
	—	5,162	4,292	—	—	—	—	—	—	—
Cash flow
	—	932.71	1,238	—	—	—	—	—	—	—
	—	-536.84	-698.86	—	—	—	—	—	—	—
	—	-419.15	-456.68	—	—	—	—	—	—	—
	—	712.43	506.22	—	—	—	—	—	—	—

Compounded growth

Standalone

Sales CAGR 3Y: +18.65%
Sales CAGR 5Y: +29.84%
Sales CAGR 10Y: —
Profit CAGR 3Y: +17.35%
Profit CAGR 5Y: +48.07%
Profit CAGR 10Y: —
Sales YoY (TTM): +26.25%
Profit YoY (TTM): +36.58%

Consolidated

Sales CAGR 3Y: +16.86%
Sales CAGR 5Y: +29.09%
Sales CAGR 10Y: —
Profit CAGR 3Y: +15.28%
Profit CAGR 5Y: +43.51%
Profit CAGR 10Y: —
Sales YoY (TTM): +23.96%
Profit YoY (TTM): +34.01%

Compounded from reported annual figures. We publish no share-price CAGR: our prices are as-traded, so one would be wrong across every split and bonus issue.

Shareholding as of 13 Aug 2026

Promoter holding: 55.44%

Quarter	13 Aug 2026	June 2026
Promoter %	55.44%	55.44%

Holder	Type	Holding	Previous	Change
Chaitanya N Desai	Promoter	21.78%	21.78%	0.00%
Kushal N Desai	Promoter	21.78%	21.78%	0.00%
Maithili N Desai Family Private Trust No 2 - Trustee Maithili Trusteeship Services Private Limited	Promoter Group	10.58%	10.58%	0.00%
Axis Mutual Fund Trustee Limited A/C Axis Mutual Fund A/C Axis Midcap Fund	Public	4.59%	4.59%	0.00%
Hdfc Small Cap Fund	Public	2.74%	2.74%	0.00%
Kotak Midcap Fund	Public	2.55%	2.55%	0.00%
Nippon Life India Trustee Ltd-A/C Nippon India Small Cap Fund	Public	2.55%	2.55%	0.00%
Icici Prudential Multicap Fund	Public	2.27%	2.27%	0.00%
Motilal Oswal Large And Midcap Fund	Public	1.75%	1.75%	0.00%
Hsbc Mutual Fund - Hsbc Midcap Fund	Public	1.61%	1.61%	0.00%
Government Pension Fund Global	Public	1.07%	1.07%	0.00%
Maithili N Desai Family Private Trust - Trustee Mr. K. N. Desai and Mr. C. N. Desai	Promoter Group	0.24%	0.24%	0.00%
APAR Corporation Private Limited	Promoter Group	0.20%	0.20%	0.00%
Devharsh Chaitanya Desai	Promoter Group	0.16%	0.16%	0.00%
Rishabh Kushal Desai	Promoter Group	0.16%	0.16%	0.00%

Public shareholders are disclosed individually only above 1%.

Filings & corporate actions

Recent announcements

Newspaper Publication for publicizing Special Window for Re-lodgement of Transfer Requests of Physical Shares10 Sep 2026 · Company Update / Newspaper Publication
Intimation of Revision in Credit Rating10 Sep 2026 · Company Update / Credit Rating
Submission of publication of advertisement regarding 37th Annual General Meeting of Shareholders of APAR Industries Limited in the newspapers (Post-dispatch)26 Aug 2026 · Company Update / Newspaper Publication
Purpose of Record Date : 1. 37th AGM of Shareholders of the Company. 2. determining the eligibility of the shareholders entitled for receiving dividend of Rs.60/-(600%) per equity share.25 Aug 2026 · Corp. Action / Record Date
Submission of Business Responsibility & Sustainability Report 2025-2026 of APAR Industries Limited.25 Aug 2026 · Others / Business Responsibility and Sustainability Reporting (BRSR)
Submission of Notice of the 37th Annual General Meeting (AGM) scheduled on Monday, September 21, 202625 Aug 2026 · AGM/EGM / AGM
Submission of Integrated Annual Report 2025-26 of APAR Industries Limited.25 Aug 2026 · Others / Reg. 34 (1) Annual Report
Submission of publication of advertisement regarding 37th Annual General Meeting of Shareholders of APAR Industries Limited ("the Company") in newspaper (Pre-dispatch)21 Aug 2026 · Company Update / Newspaper Publication
Allotment of equity shares to the eligible qualified institutional buyers.13 Aug 2026 · Company Update / Allotment of Equity Shares
Attached13 Aug 2026 · Company Update / General
Intimation regarding approval of closure of QIPs and Placement Document13 Aug 2026 · Company Update / Qualified Institutional Placement
Outcome of the meeting of the Share Issue Committee of Directors13 Aug 2026 · Company Update / General
Intimation - Qualified Institutions Placement of Equity Share of face value of Rs. 10 each of the Company.10 Aug 2026 · Company Update / Qualified Institutional Placement
Outcome of the meeting of the Share Issue Committee of Directors dated August 10, 2026.10 Aug 2026 · Company Update / General
Intimation of Closure of Trading Window7 Aug 2026 · Insider Trading / SAST / Closure of Trading Window
Submission of Transcript of the earnings conference call on Un-audited Financial Results (Standalone & Consolidated) for Q1FY27 (2026-27)31 Jul 2026 · Company Update / Earnings Call Transcript
Declaration of e-Voting Results and Scrutinizer''s Report on EGM held on July 30, 2026.30 Jul 2026 · AGM/EGM / EGM
Summary of Proceedings of the Extra-Ordinary General Meeting (EGM) of APAR Industries Limited held on Thursday, July 30, 2026 through Video Conferencing (VC)30 Jul 2026 · AGM/EGM / EGM
Submission of Newspaper Advertisement regarding claim for transfer of shares pursuant to SEBI Circulars.29 Jul 2026 · Company Update / Newspaper Publication
Intimation of Audited Standalone and Consolidated Financial Statements for the Financial Year ended March 31, 2026 is attached.28 Jul 2026 · Company Update / General
Corporate Presentation - July, 202627 Jul 2026 · Company Update / General
Publication of QR Code and Extract of Un-Audited Financial Results for the First Quarter and Three Months Period ended June 30, 2026 (2026-27) in Newspapers.25 Jul 2026 · Company Update / Newspaper Publication
Submission of Audio Recording of post conference call on Un-audited Financial Results (Standalone & Consolidated) on Q1FY27 (2026-27).24 Jul 2026 · Company Update / Analyst / Investor Meet
Earnings Call Update for Q1FY2724 Jul 2026 · Company Update / Investor Presentation
Press Release24 Jul 2026 · Company Update / Press Release / Media Release
1. Incorporation of WOS of the Company in United Kingdom. 2. Approval for further investment in Apar Industries Latam Ltda, Barzil, WOS of the Company.24 Jul 2026 · Company Update / Acquisition
Allotment of 9,484 Equity Shares against exercise of ESARs granted to eligible employees.24 Jul 2026 · Company Update / Allotment of ESOP / ESPS
Un-Audited Financial Results for the First Quarter and Three Months period ended June 30, 2026.24 Jul 2026 · Result / Financial Results
Outcome of Board Meeting dated July 24, 202624 Jul 2026 · Board Meeting / Outcome of Board Meeting
Intimation of schedule of analysts and investors to the conference call to be made on Q1-FY27 - Results on Friday, July 24, 2026.15 Jul 2026 · Company Update / Analyst / Investor Meet
Closure of Trading Window13 Jul 2026 · Insider Trading / SAST / Closure of Trading Window
Apar Industries Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 24/07/2026 ,inter alia, to consider and approve Meeting of the Board of Directors ....13 Jul 2026 · Board Meeting / Board Meeting
Submission of Certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the Quarter ended June 30, 2026.7 Jul 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Submission of publication of advertisement regarding Extra-Ordinary General Meeting of APAR Industries Limited (the Company) in newspapers (Post-dispatch).7 Jul 2026 · Company Update / Newspaper Publication
Extra-Ordinary General Meeting to be held on Thursday, July 30, 2026 at 11.00 A.M.6 Jul 2026 · AGM/EGM / EGM
Seeking approval of Shareholders through Extra Ordinary General Meeting for raising of funds.3 Jul 2026 · Company Update / General
Raising of Funds30 Jun 2026 · Company Update / Raising of Funds
Outcome of Board Meeting dated 30.06.202630 Jun 2026 · Board Meeting / Outcome of Board Meeting
Trading Window Closed for all designated persons and their immediate relatives(s) with immediate effect till 48 hours after the declaration /publication of Unaudited Financial Results of ....24 Jun 2026 · Insider Trading / SAST / Closure of Trading Window
Apar Industries Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 30/06/2026 ,inter alia, to consider and approve Meeting of the Board of Directors ....24 Jun 2026 · Board Meeting / Board Meeting

Corporate actions

Purpose	Ex date	Record date	Payment date
Final Dividend - Rs. - 60.0000	11 Sep 2026	14 Sep 2026	—
Final Dividend - Rs. - 51.0000	29 Jul 2025	29 Jul 2025	—
Final Dividend - Rs. - 51.0000	20 Aug 2024	—	—

Board meetings

24 Jul 2026 Board Meeting - Financial Results