TheScreener
Fundamental and technical screening for 1,000 listed companies.
Use ⌘K to search stocks, screens, and features instantly.
Apar Industries Ltd.
APARINDSMid CapNSEBSE
Industrials · Capital Goods
₹17,664.00down 139.00down 0.78 percentas of 31 Aug 2026
Book value ₹1,332.13Div yield 0.34%
Key metrics
- Market Cap
- 74,467.71 ₹ cr
- P/E
- 73.32 x
- P/B
- 13.26 x
- ROE
- 4.40%
- ROCE
- 5.56%
- Debt to Equity
- 0.30 x
- Net Margin
- 7.46%
- Dividend Yield
- 0.34%
- Revenue Growth (YoY)
- 29.13%
Observations
Mechanical observations generated from stored data, not analysis or opinion. Each one names the threshold that produced it — the ROCE check below uses 20%, a fixed default rather than a value tailored to this company.
- ROCE above 20% in each of the last 3 financial years (2023-2024, 2024-2025, 2025-2026).
- Revenue grew year-on-year in each of the last 3 years.
- Net margin declined year-on-year in 2 of the last 3 years.
- Promoter holding 55.4% (pledge data not available).
- Debt-to-equity 0.30 — below the Capital Goods median of 0.31.
APARINDS
₹17,664.00down 0.78 percent
EOD Synced: 31 Aug 2026 18:30 ISTOverview & Live Price Chart
Executive Investment Verdict & Quality Synthesis
Autonomous V2Multi-dimensional quantitative synthesis across capital efficiency, forensic accounting, intrinsic valuation, and ownership governance.
Factual Quantitative Consensus
1. Capital Efficiency & MoatHigh ROCE Compounder
28.68%ROCE
ROE: 18.11%·P/B: 13.26x
2. Forensic Health & SolvencyPiotroski 4/9 · Adequate Health
4/9Piotroski Score
Altman: 4.1 (Safe Zone)
3. Valuation & DCF Spread-95.4% Valuation Premium
₹816DCF Fair Value
CMP: ₹17,664.0
4. Ownership & GovernanceClean Promoter Holding
55.42%Promoter Stake
Pledged: 0.0%·Inst: 33.64%
Institutional Factor Scores
QVGM Factor Grade Matrix
Institutional Multi-Factor Profile (QVGM)
Composite 0–100 percentile ranks normalized across all 500 universe constituents
Rank #40 of 86 in IndustrialsQVGM 46/100
Quality (Q)30
ROE, ROCE, Margins & Cash Conversion
Value (V)17
P/E, P/B, EV/EBITDA vs Sector Benchmarks
Growth (G)58
3Y Sales & EPS Compounded Growth
Momentum (M)93
Relative Strength & Trend Position
TheScreener Radar™ 5-Pillar Quantitative Scorecard
Holistic quantitative radar evaluating fundamental quality, valuation multiples, balance sheet health, growth, and price momentum
Sector Rank:Rank #40 of 86 in Industrials
Valuation
Weak17/100
P/E Ratio:73.32x
P/B Ratio:13.26x
Dividend Yield:0.34%
P/E, P/B, EV/EBITDA & Dividend Yield relative to 5Y medians and sector
Growth
Moderate58/100
3Y Sales CAGR:—
3Y PAT CAGR:—
Quarterly YoY:+12.4%
3-Year Compounded Sales & Net Profit Growth trajectory
Profitability
Weak30/100
ROE:18.1%
ROCE:28.7%
OPM %:—
Return on Equity (ROE), ROCE & Operating Margin efficiency
Solvency & Health
Moderate44/100
Piotroski F-Score:4/9
Altman Z-Score:4.14
Debt / Equity:0.00
Balance Sheet strength, Altman Z-Score & Piotroski F-Score checklist
Momentum
Strong93/100
1Y Return:—
RSI (14):54.2
From 52W High:—
1-Year Relative Strength vs NIFTY 500, RSI-14 & 52W High distance
Quantitative Drivers & Growth Analysis
52-week corridor, deep valuation multiples, compounded CAGR trajectory, and institutional flow shifts
52-Week Low₹6,966.00
From 52W High-1.87%
52-Week High₹18,000.00
Valuation MultiplesCash Flow & Yield
PEG Ratio5.06
Earnings Yield0.34%
Price / FCF—
FCF Yield-9.28%
Payout Ratio100.94%
Net-Net Ratio-100.29
Solvency & SafetyPiotroski & Altman
Piotroski F-Score4/9
Altman Z-Score4.14
Graham Number₹1,334.80
1Y Flow & Margin ShiftsTrailing 12M
FII Stake:▲ +0.60%
DII Stake:▲ +0.91%
OPM Margin:▼ 0.31%
Net Margin:▼ 0.15%
Compounded Annual Growth Rate (CAGR Matrix)
Historical Fundamental Trajectory| Metric | QoQ Shift | YoY Shift | 1Y CAGR | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
| Revenue Growth | ▼ 0.18% | ▲ +29.13% | 23.25% | 16.86% | 29.09% |
| Net Profit Growth | ▲ +84.47% | ▲ +77.80% | 18.95% | 15.28% | 43.51% |
| EPS Growth | ▲ +80.16% | ▲ +77.43% | 22.52% | 14.48% | 43.03% |
Intrinsic Valuation Models & DCF Sensitivity
Institutional DCF & Intrinsic Valuation Studio — APARINDS
2-Stage Discounted Cash Flow, Reverse DCF Implied Growth, and Benjamin Graham & Peter Lynch valuation benchmarks.
DCF Intrinsic Fair Value
₹837.1
Verdict:Overvalued (-95.3%)
Benjamin Graham Number
₹2,749.6
-84.4% vs CMPPeter Lynch Fair Value
₹1,754.1
-90.1% vs CMPReverse DCF Implied Growth
60.0% CAGR
Aggressive Expectations (Priced for Perfection)Valuation Spectrum PositioningCMP: ₹17,664.0
₹0 (Distress)CMP: ₹17,664DCF: ₹837Graham: ₹2,750
Scenario Calibration & Sensitivity Levers
Tune Discount Rate (WACC), 5-Year Growth, and Terminal Value to model bear, base, and bull cases.
Discount Rate (WACC)11.5%
Cost of Capital Hurdle
5-Year FCF Growth CAGR6.0%
Assumed stage-1 cash flow expansionTerminal Growth Rate4.5%
Long-term perpetual GDP growth rate5-Year Projected Cash Flow Schedule (₹ Cr)
| Projection Period | Growth Rate | Projected FCF | Discount Factor | Present Value |
|---|---|---|---|---|
| Year 1 | 6% | ₹245 | 0.8969 | ₹220 |
| Year 2 | 6% | ₹259 | 0.8044 | ₹209 |
| Year 3 | 6% | ₹275 | 0.7214 | ₹198 |
| Year 4 | 6% | ₹292 | 0.6470 | ₹189 |
| Year 5 | 6% | ₹309 | 0.5803 | ₹179 |
2D Sensitivity Matrix (WACC vs Terminal Growth Rate)
Click any cell to apply WACC & terminal growth scenario. Values in ₹ / share.| WACC \ g(Terminal) | 3.0% | 4.0% | 4.5% | 5.0% | 6.0% |
|---|---|---|---|---|---|
| 10.0% | ₹884 -95% | ₹1009 -94% | ₹1088 -94% | ₹1184 -93% | ₹1446 -92% |
| 11.0% | ₹762 -96% | ₹852 -95% | ₹908 -95% | ₹973 -94% | ₹1142 -94% |
| 11.5% | ₹712 -96% | ₹790 -96% | ₹837 -95% | ₹892 -95% | ₹1031 -94% |
| 12.0% | ₹667 -96% | ₹735 -96% | ₹776 -96% | ₹822 -95% | ₹939 -95% |
| 13.0% | ₹592 -97% | ₹644 -96% | ₹675 -96% | ₹710 -96% | ₹794 -96% |
Discounted cash flow (DCF) and valuation models are quantitative projections based on user-supplied assumptions — not a forecast, not a guarantee of future performance, and not SEBI-registered investment advice. Actual financial performance and stock price movements may differ materially.
New to intrinsic valuation models? Learn how Discounted Cash Flow and Terminal Growth rates work.Read DCF Academy Guide →
Valuation history
P/E73.32current
ReportedComputed, approximate
P/B13.26current
ReportedComputed, approximate
The dashed line is computed from historical close price divided by the most recently reported annual EPS or book value — not IndianAPI's own figure, which only ever gives a single current reading with no history behind it. Real results are typically disclosed several weeks after the fiscal year ends, so a computed point right around a year transition can lag what the market actually knew that day. The solid line is the real reported figure.
EV/EBITDA is not shown — there is no verified source for it in our data feed, and estimating it would misrepresent an estimate as a reported figure.
| Date | P/E | P/B |
|---|---|---|
| 31 Aug 2026 | 73.32 | 13.26 |
Analyst Consensus, Price Targets & Forecasts
Analyst Consensus & Recommendations
Aggregated institutional equity research ratings · 31 Aug 2026
Buy(2.00 / 5)
Strong Buy:3
Buy:2
Hold:3
Sell:0
Strong Sell:0
Coverage: 8 contributing analystsScale: 1 (Strong Buy) – 5 (Strong Sell)
Ratings shown are third-party analyst estimates compiled from institutional brokers. They do not constitute investment advice.
Risk Profile & Volatility
Statistical return volatility classification · 31 Aug 2026
High risk
Low RiskModerate RiskHigh Risk
Annualised Standard Deviation:48.20%
Analyst Price Targets
12-month forward price consensus · 31 Aug 2026
Upside: -14.18%
Mean Target₹15,160.00vs CMP ₹17,664.00
High Target₹15,950.00+-9.7% max upside
Low Target₹14,230.00-19.4% downside
Median Target₹15,100.008 estimates
Low: ₹14,230.00Mean: ₹15,160.00High: ₹15,950.00
Mean Target Current Price (₹17,664.00)
Price targets are third-party analyst estimates compiled from institutional brokers. They do not constitute investment advice.
Forward Financial Forecasts & Consensus Estimates
Institutional broker consensus estimates and forward earnings trajectory
FY2024EConsensus
Mean Estimate
₹45.44
Low:—
High:—
FY2024EConsensus
Mean Estimate
₹56.62
Low:—
High:—
FY2024EConsensus
Mean Estimate
₹60.97
Low:—
High:—
FY2024EConsensus
Mean Estimate
₹51.59
Low:—
High:—
FY2025E1 Analysts
Mean Estimate
₹62.23
Low:—
High:—
FY2025EConsensus
Mean Estimate
—
Low:—
High:—
FY2025E2 Analysts
Mean Estimate
₹48.29
Low:—
High:—
FY2025E2 Analysts
Mean Estimate
₹43.55
Low:—
High:—
FY2026EConsensus
Mean Estimate
₹64.83
Low:—
High:—
FY2026EConsensus
Mean Estimate
₹62.55
Low:—
High:—
FY2026E1 Analysts
Mean Estimate
₹58.13
Low:—
High:—
FY2026E1 Analysts
Mean Estimate
₹65.39
Low:—
High:—
FY2027EConsensus
Mean Estimate
₹116.02
Low:—
High:—
| Period / Fiscal Year | Consensus Mean | Bull Case (High) | Bear Case (Low) | Brokers |
|---|---|---|---|---|
| FY2024 Forecast | ₹45.44 | — | — | — |
| FY2024 Forecast | ₹56.62 | — | — | — |
| FY2024 Forecast | ₹60.97 | — | — | — |
| FY2024 Forecast | ₹51.59 | — | — | — |
| FY2025 Forecast | ₹62.23 | — | — | 1 |
| FY2025 Forecast | — | — | — | — |
| FY2025 Forecast | ₹48.29 | — | — | 2 |
| FY2025 Forecast | ₹43.55 | — | — | 2 |
| FY2026 Forecast | ₹64.83 | — | — | — |
| FY2026 Forecast | ₹62.55 | — | — | — |
| FY2026 Forecast | ₹58.13 | — | — | 1 |
| FY2026 Forecast | ₹65.39 | — | — | 1 |
| FY2027 Forecast | ₹116.02 | — | — | — |
Third-party broker forecasts compiled from institutional research houses, not IndiScreener's proprietary estimates. Provided strictly for analytical benchmarking and does not constitute investment advice.
Forensic Accounting Audit & Solvency Risk
Accounting Health & Governance Quality Radar
Algorithmic accounting analysis across balance sheet solvency, cash conversion efficiency, and ownership stability.
Clean Governance & Solvency
Financial Strengths & Catalysts
6 Factors- •Company has a solid 3-year average ROE of 19.2%.
- •Company maintains conservative leverage with D/E of 0.18x.
- •Company has demonstrated healthy revenue growth of 16.9% CAGR over 3 years.
- •Strong cash generation: Operating Cash Flow is 99.0% of reported Net Profit.
- •High promoter holding of 55.4% with zero encumbrance / pledge.
- •High institutional backing: FIIs & DIIs hold a combined 33.6%.
Risk Factors & Watchouts
1 Watchout- •Stock is trading at an elevated valuation multiple of 73.3x P/E.
Forensic Accounting & Health Audit
Piotroski F-Score, Altman Z-Score Distress Model & Beneish Earnings Manipulation Checks
Piotroski F-Score4 / 9
● Moderate (Neutral)
Altman Z-Score4.14
● Safe Zone
Negligible risk of financial distress over the next 2 years.
Beneish M-Score-2.33
● Low Risk (Clean Accounting)
Cash flows closely match reported earnings with conservative accruals.
Learn how Piotroski F-Score (9 criteria) and Altman Z-Score detect earnings manipulation and bankruptcy risk.Read Forensic Guide →
10-Year Financial Statements & DuPont ROE
Financial Statements
consolidated · amounts in ₹ Crores
Accounting Flow:
Wall Street Cash Flow & Free Cash Flow (FCF) Cascade
FY26 (2025-2026)3-Stage institutional flow from reported earnings to owner Free Cash Flow and capital allocation
FCF Conversion Rate (FCF / PAT)
23.6%Low Cash Conversion
Measures how much reported accounting profit turns into real liquid cash.
Free Cash Flow Margin
1.0%of Gross Revenue
Liquid cash retained per ₹100 of top-line revenue generated.
CapEx Reinvestment Rate
76.1%of Operating Cash
Portion of operating cash reinvested in future capacity and maintenance.
Reported Net Profit (PAT)₹977 CrInflow
977
+ D&A Non-Cash Charge₹161 CrAdd-back
161
Working Capital Adjustment-₹170 Cr- Tied Up
170
= Operating Cash Flow (CFO)₹968 CrOperating Cash
968
- Capital Expenditures (CapEx)-₹737 CrReinvestment
737
= Free Cash Flow (FCF)₹231 CrFree Cash Flow
231
- Dividends & Debt Repayment-₹215 CrCapital Return
215
= Net Change in Cash₹16 CrNet Balance
16
Multi-Year Historical FCF vs Reported PAT Trajectory:
Free Cash Flow (FCF) Reported Net Profit (PAT)
| Metric | 2018-201931 Mar 2019 | 2019-202031 Mar 2020 | 2020-202131 Mar 2021 | 2021-202231 Mar 2022 | 2022-202331 Mar 2023 | 2023-202431 Mar 2024 | 2024-202531 Mar 2025 | 2025-202631 Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹7,963.85 | ₹7,425.45 | ₹6,388.02 | ₹9,319.99 | ₹14,352.15 | ₹16,152.98 | ₹18,581.21 | ₹22,902.12 |
| Operating profit | ₹401.37 | ₹406.60 | ₹330.06 | ₹454.45 | ₹1,157.65 | ₹1,426.46 | ₹1,450.24 | ₹1,715.43 |
| OPM | 5.04% | 5.48% | 5.17% | 4.88% | 8.07% | 8.83% | 7.80% | 7.49% |
| Net profit | ₹136.06 | ₹135.15 | ₹160.50 | ₹256.74 | ₹637.70 | ₹825.10 | ₹821.30 | ₹976.93 |
| EPS | 36.30 | 36.45 | 41.84 | 67.04 | 166.94 | 212.20 | 204.42 | 250.45 |
| Net margin | 1.71% | 1.82% | 2.51% | 2.75% | 4.44% | 5.11% | 4.42% | 4.27% |
| ROE | 11.32% | 11.68% | 11.47% | 14.97% | 28.51% | 21.29% | 18.24% | 18.11% |
| ROCE | 29.03% | 28.78% | 19.67% | 22.28% | 46.39% | 33.18% | 29.42% | 28.68% |
| Debt / equity | 0.21 | 0.32 | 0.23 | 0.19 | 0.17 | 0.12 | 0.13 | 0.18 |
Compounded growth (CAGR)
| Metric | 1Y | 3Y | 5Y |
|---|---|---|---|
| Revenue | 23.25% | 16.86% | 29.09% |
| Net profit | 18.95% | 15.28% | 43.51% |
| EPS | 22.52% | 14.48% | 43.03% |
Each column only appears when 8 real reported years actually support it — never extrapolated from fewer.
Balance sheet
| Metric | 2018-2019 | 2019-2020 | 2020-2021 | 2021-2022 | 2022-2023 | 2023-2024 | 2024-2025 | 2025-2026 |
|---|---|---|---|---|---|---|---|---|
| Total assets | ₹4,957.53 | ₹4,644.12 | ₹4,998.98 | ₹6,607.52 | ₹8,217.65 | ₹9,615.76 | ₹11,263.55 | ₹13,711.29 |
| Total liabilities | ₹3,755.16 | ₹3,487.37 | ₹3,599.46 | ₹4,892.29 | ₹5,981.26 | ₹5,739.32 | ₹6,760.01 | ₹8,317.91 |
| Total equity | ₹1,202.37 | ₹1,156.75 | ₹1,399.52 | ₹1,715.23 | ₹2,236.39 | ₹3,876.44 | ₹4,503.54 | ₹5,393.38 |
| Total debt | ₹253.28 | ₹371.54 | ₹324.81 | ₹320.13 | ₹376.23 | ₹475.61 | ₹584.70 | ₹955.51 |
| Cash | ₹213.24 | ₹128.92 | ₹207.02 | ₹252.99 | — | ₹568.93 | ₹686.41 | ₹649.67 |
| Current assets | ₹4,111.81 | ₹3,667.23 | ₹4,042.57 | ₹5,557.85 | ₹7,007.56 | ₹8,169.97 | ₹9,312.53 | ₹11,196.76 |
| Current liabilities | ₹3,574.72 | ₹3,231.33 | ₹3,320.62 | ₹4,568.20 | ₹5,721.96 | ₹5,316.19 | ₹6,333.93 | ₹7,730.38 |
| Inventory | ₹1,282.88 | ₹1,331.43 | ₹1,562.71 | ₹2,138.66 | ₹2,575.64 | ₹3,102.56 | ₹3,746.20 | ₹4,461.63 |
| Receivables | ₹2,289.04 | ₹1,892.44 | ₹1,861.30 | ₹2,539.90 | ₹3,198.07 | ₹3,980.67 | ₹4,147.42 | ₹5,405.70 |
| Payables | ₹3,263.73 | ₹2,838.71 | ₹3,038.08 | ₹4,122.47 | ₹5,206.57 | ₹4,813.05 | ₹5,548.84 | ₹6,855.89 |
| Net PP&E | ₹807.18 | ₹936.90 | ₹904.81 | ₹918.09 | ₹1,048.44 | ₹1,312.47 | ₹1,666.27 | ₹2,252.23 |
| Retained earnings | ₹961.44 | ₹999.27 | ₹1,159.78 | ₹1,380.18 | ₹2,198.12 | ₹2,632.56 | ₹3,251.39 | ₹4,051.96 |
Cash flow
| Metric | 2018-2019 | 2019-2020 | 2020-2021 | 2021-2022 | 2022-2023 | 2023-2024 | 2024-2025 | 2025-2026 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | ₹632.04 | ₹94.17 | ₹281.37 | ₹243.75 | ₹698.34 | ₹-283.29 | ₹1,290.56 | ₹967.58 |
| Capital expenditure | ₹-208.10 | ₹-145.26 | ₹-55.81 | ₹-130.47 | ₹-247.83 | ₹-330.67 | ₹-509.69 | ₹-736.66 |
| Free cash flow | ₹423.94 | ₹-51.09 | ₹225.56 | ₹113.28 | ₹450.51 | ₹-613.96 | ₹780.87 | ₹230.92 |
| OCF / net profit | 4.65 | 0.70 | 1.75 | 0.95 | 1.10 | -0.34 | 1.57 | 0.99 |
| FCF / Capex intensity | 2.61 | 1.96 | 0.87 | 1.40 | 1.73 | 2.05 | 2.74 | 3.22 |
Income statement detail
| Metric | 2018-2019 | 2019-2020 | 2020-2021 | 2021-2022 | 2022-2023 | 2023-2024 | 2024-2025 | 2025-2026 |
|---|---|---|---|---|---|---|---|---|
| Gross profit | ₹1,224.73 | ₹1,340.61 | ₹1,221.96 | ₹1,668.38 | ₹3,073.72 | ₹3,362.12 | ₹3,538.36 | ₹4,473.35 |
| Cost of revenue | ₹6,739.12 | ₹6,084.84 | ₹5,166.06 | ₹7,651.61 | ₹11,278.43 | ₹12,790.86 | ₹15,042.85 | ₹18,428.77 |
| EBITDA | ₹468.04 | ₹493.72 | ₹423.50 | ₹552.29 | ₹1,261.99 | ₹1,542.17 | ₹1,582.39 | ₹1,876.57 |
| Income before tax | ₹216.22 | ₹169.41 | ₹208.27 | ₹341.88 | ₹854.56 | ₹1,105.84 | ₹1,105.64 | ₹1,310.00 |
| Interest expense | ₹172.10 | ₹222.40 | ₹105.27 | ₹74.06 | ₹223.73 | ₹242.15 | ₹244.08 | ₹286.27 |
| Tax expense | ₹80.16 | ₹34.26 | ₹47.77 | ₹85.26 | ₹216.84 | ₹280.74 | ₹284.34 | ₹333.07 |
| D&A | ₹66.67 | ₹87.12 | ₹93.44 | ₹97.84 | ₹104.34 | ₹115.71 | ₹132.15 | ₹161.14 |
| EBITDA margin | 5.88% | 6.65% | 6.63% | 5.93% | 8.79% | 9.55% | 8.52% | 8.19% |
Financial ratios
| Metric | 2018-2019 | 2019-2020 | 2020-2021 | 2021-2022 | 2022-2023 | 2023-2024 | 2024-2025 | 2025-2026 |
|---|---|---|---|---|---|---|---|---|
| Current ratio | 1.15 | 1.13 | 1.22 | 1.22 | 1.22 | 1.54 | 1.47 | 1.45 |
| Quick ratio | 0.79 | 0.72 | 0.75 | 0.75 | 0.77 | 0.95 | 0.88 | 0.87 |
| Interest coverage | 2.33 | 1.83 | 3.14 | 6.14 | 5.17 | 5.89 | 5.94 | 5.99 |
| Inventory days | 69.48 | 79.87 | 110.41 | 102.02 | 83.35 | 88.53 | 90.90 | 88.37 |
| Receivable days | 104.91 | 93.02 | 106.35 | 99.47 | 81.33 | 89.95 | 81.47 | 86.15 |
| Payable days | 176.77 | 170.28 | 214.65 | 196.65 | 168.50 | 137.35 | 134.64 | 135.79 |
| Cash conversion cycle | -2.37 | 2.61 | 2.11 | 4.84 | -3.81 | 41.14 | 37.73 | 38.73 |
| Working capital days | 30.00 | 30.00 | 30.00 | 30.00 | 30.00 | 30.00 | 30.00 | 30.00 |
| Fixed asset turnover | 9.87 | 7.93 | 7.06 | 10.15 | 13.69 | 12.31 | 11.15 | 10.17 |
| ROA | 2.74% | 2.91% | 3.21% | 3.89% | 7.76% | 8.58% | 7.29% | 7.13% |
| ROIC | 20.33% | 23.18% | 16.76% | 19.14% | — | 28.13% | 24.47% | 22.45% |
| Gross margin | 15.38% | 18.05% | 19.13% | 17.90% | 21.42% | 20.81% | 19.04% | 19.53% |
DuPont 3-Stage ROE Factor Decomposition
Deconstructing Return on Equity into Profitability, Asset Efficiency, and Financial Leverage
Capital Velocity Engine (High Asset Turnover)FY2025-2026
Net marginProfitability
4.27%
Net Profit generated per ₹100 of revenue (Profitability)
×
Asset turnoverEfficiency
1.67
Revenue generated per ₹1 of total assets (Capital Efficiency)
×
Equity multiplierLeverage
2.54
Total assets supported per ₹1 of shareholder equity (Leverage)
=
Implied DuPont ROEFinal Output
18.11%
Reported: 18.11%
Explore the 3-Stage DuPont Formula: Net Margin × Asset Turnover × Leverage Multiplier.Read DuPont Guide →
Corporate Actions, Dividends & Capital Changes
Chronological Corporate Actions Registry
Historical stock splits, bonus shares, rights issues, and corporate schemes
| Year | Execution Date | Action Type | Ratio / Term |
|---|---|---|---|
| 2026 | 14 Sept 2026 | dividend | 600% |
| 2025 | 29 Jul 2025 | dividend | 510% |
| 2024 | 21 Aug 2024 | dividend | 510% |
| 2023 | 05 Aug 2023 | dividend | 400% |
| 2022 | 06 Aug 2022 | dividend | 150% |
| 2021 | 07 Aug 2021 | dividend | 95% |
| 2020 | 07 Mar 2020 | dividend | 95% |
| 2019 | 02 Aug 2019 | dividend | 95% |
| 02 Aug 2019 | dividend | 95% | |
| 2018 | 03 Aug 2018 | dividend | 95% |
| 2017 | 03 Aug 2017 | dividend | 100% |
| 2016 | 24 Mar 2016 | dividend | 10% |
| 24 Mar 2016 | dividend | 55% | |
| 2015 | 01 Aug 2015 | dividend | 35% |
| 2014 | 26 Jul 2014 | dividend | 52% |
| 2013 | 03 Aug 2013 | dividend | 52% |
| 2012 | 06 Nov 2012 | dividend | 40% |
| 2011 | 17 Aug 2011 | dividend | 35% |
| 2010 | 04 Nov 2010 | dividend | 25% |
| 26 Jul 2010 | dividend | 50% | |
| 2008 | 21 Aug 2008 | dividend | 40% |
| 2007 | 08 Nov 2007 | dividend | 15% |
| 01 Aug 2007 | dividend | 20% | |
| 12 Jan 2007 | bonus | 1:3 | |
| 2006 | 13 Nov 2006 | dividend | 15% |
| 04 Aug 2006 | dividend | 18% | |
| 13 Apr 2006 | dividend | 10% |
Dividend Intelligence & Capital Return History
Historical cash payout track record across 6 dividend distributions
Latest Year DPS:₹60.00
Yield on CMP:0.34%
3Y Dividend CAGR:+14.5%
Annual Dividend Payout Progression (Per Share)Total Cumulative DPS: ₹226.50
₹60.0
2026
₹51.0
2025
₹51.0
2024
₹40.0
2023
₹15.0
2022
₹9.5
2021
| Ex-Date | Amount (Per Share) | Dividend Type |
|---|---|---|
| 11 Sept 2026 | ₹60.00 | Final |
| 29 Jul 2025 | ₹51.00 | Final |
| 20 Aug 2024 | ₹51.00 | Final |
| 04 Aug 2023 | ₹40.00 | Final |
| 04 Aug 2022 | ₹15.00 | Final |
| 05 Aug 2021 | ₹9.50 | Final |
Industry Peer Group & Valuation Spread
Compare valuation multiples and market cap relative to sector competitors
Capital GoodsCompare Peers in Studio
Market Cap74,467.71 ₹ cr
Beats 87% of 112 industry peers · median 16,628.39 ₹ cr
P/E73.32 x
Beats 67% of 101 industry peers · median 53.00 x
P/B13.26 x
Beats 81% of 103 industry peers · median 7.25 x
ROE4.40%
Beats 11% of 111 industry peers · median 12.73%
ROCE5.56%
Beats 12% of 111 industry peers · median 14.81%
Debt to Equity0.30 x
Beats 46% of 111 industry peers · median 0.31 x
Net Margin7.46%
Beats 33% of 111 industry peers · median 8.85%
Dividend Yield0.34%
Beats 41% of 86 industry peers · median 0.44%
Revenue Growth (YoY)29.13%
Beats 65% of 110 industry peers · median 21.65%
| Company | Market Cap ▼ | P/E | P/B |
|---|---|---|---|
| ₹3.22 L | 35.66 | 7.92 | |
| ₹3.03 L | 49.69 | 12.55 | |
Tata Motors Ltd.TMCV | ₹1.73 L | 56.69 | 13.48 |
| ₹1.57 L | 95.32 | 20.31 | |
| ₹1.51 L | 93.75 | 5.74 |
Peers are chosen strictly by industry classification. A classification doesn't always describe what a company actually competes in, but gives an objective starting point across the universe.
Regulatory Filings & Market Intelligence
Corporate Filings & Document Vault
SEBI LODR VerifiedAudited Annual Reports, Investor Decks, Earnings Concall Transcripts, and Board Resolutions for Apar Industries Ltd. (APARINDS)
Indexed Documents7 Filings
Latest Disclosure31 Jul 2026
Corporate Action31 Jul 2026
Apar Industries Ltd: Recommendation of Final Dividend for the Financial Year 2025-26
Investor Deck22 Jul 2026
Apar Industries Ltd: Investor Presentation on Q4 Financial Results and Growth Outlook
Concall Transcript12 Jul 2026
Apar Industries Ltd: Transcript of Earnings Conference Call with Institutional Investors
Secretarial Filing07 May 2026
Apar Industries Ltd: Intimation under Regulation 30 of SEBI (LODR) Regulations, 2015
Shareholding30 Apr 2026
Apar Industries Ltd: Quarterly Statement of Shareholding Pattern filed with NSE/BSE
AGM / EGM09 Apr 2026
Apar Industries Ltd: Notice of Annual General Meeting and Record Date for Dividend
News
- IndianAPILumino Industries IPO: Price band set at ₹78- ₹82 per share; check key dates, issue details
Lumino Industries Limited sets IPO price band at ₹78-82 per share, with subscription from 27-31 August. Allocation to anchor investors on 25 August. 50% shares reserved for QIBs, 15% for NIIs, and 35% for retail investors. Listing expected on 3 September.
- IndianAPITop Gainers & Losers on 13 August: Apar Industries, Hindalco, Ather Energy, Force Motors, CUB among top losers
Indian stocks slid further, driven down by weak financial participation and high crude oil prices. The Nifty decreased by 0.34% and Sensex by 0.13%, with key sectors like metals and cement seeing significant losses amid ongoing geopolitical tensions.
- IndianAPILaser Power IPO Day 3: Issue booked 3.68x so far. GMP hints 16% listing gain. Should you apply or skip?
The Laser Power IPO opened on 9 July and will close on 13 July, with shares priced between ₹205–214. The company aims to raise ₹742 crore, allocating 50% for QIBs, and 15% for NIIs. Listing is expected on 16 July.
- IndianAPIWhy did CG Power, Hitachi Energy, Apar Industries and other capital goods stocks crash up to 10% today? Explained
Capital goods firms, including GE Vernova T&D India and Siemens Energy India, faced sharp declines after India's Centre allowed four Chinese manufacturers to join government tenders for power projects, impacting investor sentiment as tensions with China eased and infrastructure demands grew.
- IndianAPITop Gainers & Losers on June 23: Vedanta, Hindustan Zinc, Infosys, TCS, Bank of Baroda among top losers
The Indian stock market fell sharply on June 23, influenced by global market weakness and a retreat in technology stocks. The Nifty 50 declined 1.16%, marking its biggest drop in nearly four weeks, with all sectoral indices closing lower amid profit-booking and a stronger US dollar.
- IndianAPITop Gainers & Losers on June 15: Aarti Industries, Gabriel India, Apar Industries, HFCL, HPCL among top gainers
Dalal Street continued its upward trend with benchmark indices rising over 1% on June 15, bolstered by declining crude oil prices after US-Iran conflict resolution and a stronger Indian rupee. The Nifty 50 and Sensex both recorded gains, while broader markets saw even higher advances.
- IndianAPIBSE, SAIL to HFCL: Midcap, smallcap stocks jump up to 112% YTD despite US-Iran war; will their outperformance continue?
Small and mid-cap stocks have notably outperformed large caps in 2026. The Nifty Smallcap 100 and Nifty Midcap 100 posted positive returns due to strong earnings growth and favourable business outlooks, while large caps faced declines in the same period.
- IndianAPIPowering the future: Four ancillary stocks driving India’s energy infrastructure boom
As electricity demand turns structural, cables, transformers and equipment makers, not generators, are emerging as the market’s most consistent compounders.
- IndianAPITop Gainers & Losers on Mar 11: Apar Industries, Redington, Axis Bank, Finolex Cables, TVS Motor among top losers
The Indian stock market declined on March 11 due to heightened Middle East tensions, with the Nifty 50 down 1.63% and the BSE Sensex falling 1.72%. Most sectors were affected, especially auto and private banks, while pharma and oil & gas saw slight gains.
- IndianAPIHitachi Energy, ABB India to Astral: 10 capital goods stocks gain 10–33% in 2026. Do you own any?
The capital goods sector, led by Hitachi Energy and Apar Industries, is experiencing strong growth in 2026 due to improved investor sentiment, government spending, and favorable trade conditions. Analysts project continued strength amid healthy ordering trends and margin improvements.
- IndianAPIApar Industries braces for a muted Q3; lower valuation is not enticing
Apar Industries’ shares are under pressure as tariff-led export delays slow growth momentum. While margins remain protected, weaker near-term earnings visibility is testing investor patience despite a valuation discount.
For informational and educational purposes only. Not investment advice. Data may be delayed or incomplete. Consult a SEBI-registered investment adviser before making investment decisions.