NSE: APARINDS | BSE: 532259

Strong Performer, Getting Expensive

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8705.00 29.00 (0.33%)

26.10% Fall from 52W High

12,198 NSE+BSE Volume

NSE 24 Sep, 2025 10:32 AM (IST)

34,966.5

Market Cap

High in industry

0.9

Beta 1Year

Low volatility

Apar Industries Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for APARINDS, BSE:532259 Apar Industries Ltd.

Apar Industries Ltd.

06 Jun 2019

8705.00

0.33%

Apar Industries Ltd: Strong Revenue Growth but Margins Decline

Buy: Apar Industries Ltd.

Target

Karvy

Strong Revenue Growth but Margins Decline: Apar revenues have shown a growth of 39.4% with strong growth across segments. The topline growth was driven by growth in cables segment (52%), Conductors (48.7%) and Oil (18%).

Apar Industries Ltd. has gained 46.84% in the last 6 Months

Apar Industries Ltd.

31 May 2019

8705.00

0.33%

Q4FY19 Result Update

Accumulate: Apar Industries Ltd.

Prabhudas Lilladhar

Apar Industries (Apar) reported 39% YoY growth in Q4FY19 revenues to Rs25bn, higher than our estimate. The top-line growth was driven by 51%YoY rise in Power/Telecom cables segment sales to Rs5.1 bn, Conductors revenues grew 49%YoY to Rs13.3bn while Transformer & specialty oil segment's sales rose 31% YoY to Rs7bn. However, EBITDA margin fell 163 bps YoY to 5.5% YoY owing to volatility in raw material prices and execution of lower-margin order. PAT for the quarter grew 9% YoY to Rs0.4 bn, in-line with our estimates, largely due to margin contraction, lower interest expense,...

Apar Industries Ltd. has gained 46.84% in the last 6 Months

Apar Industries Ltd.

12 Feb 2019

8705.00

0.33%

Apar Industries Ltd: Strong Revenue Growth but Margins Impacted

Buy: Apar Industries Ltd.

Target

Karvy

Strong Revenue Growth but Margins Impacted: Apar's revenues have shown a growth of 41% with strong growth across segments. The conductors segment grew the most at 65% and is currently having the highest order book of Rs.32260 Mn.

Apar Industries Ltd. is trading above all available SMAs

Apar Industries Ltd.

31 Jan 2019

8705.00

0.33%

Apar Industries' (Apar) Q3FY19 earnings were below our estimates. While revenues rose 41....

Buy: Apar Industries Ltd.

Emkay

Refer to important disclosures at the end of this report Strong volume show offset by volatile raw material prices; TP reduced Apar Industries' (Apar) Q3FY19 earnings were below our estimates. While revenues rose 41.4% yoy to Rs21.2bn, PAT declined 12.2% yoy to Rs347.2mn due to increase in raw material prices, interest costs, stiff competition and INR depreciation. Its Conductors segment clocked strong revenue growth of 64.8% yoy to Rs10.5bn, driven by a 45.3% yoy surge in realizations and 13.4% rise in volumes. Apar's Cables and...

Apar Industries Ltd. has an average target of 9540.00 from 1 broker.

Apar Industries Ltd.

01 Jan 2019

8705.00

0.33%

Apar Ind

Buy: Apar Industries Ltd.

SPA Research

Dominant player across business lines at global scale Apar is 3rd largest manufacturer of Conductors and 4th largest manufacturer of transformer oil in the world. In conductors business, its market share stands at 23% in domestic market with installed capacities of 1.8lac MT. It is the largest manufacturer and exporter of conductors from India. In case of specialty oils, its market share stood at 45% with 5.4lac KL installed capacity (including 1lac KL capacity overseas at Sharjah). In FY'18,...

Apar Industries Ltd. has an average target of 9540.00 from 1 broker.

Apar Industries Ltd.

18 Dec 2018

8705.00

0.33%

Apar Ind

Buy: Apar Industries Ltd.

SPA Research

Apar Industries Ltd. is trading above all available SMAs

Apar Industries Ltd.

12 Nov 2018

8705.00

0.33%

Apar Industries Ltd: Margins to Recover in H2FY19

Buy: Apar Industries Ltd.

Karvy

Margins to Recover in H2FY19: Apar revenue grew 51.0% YoY with a strong base of volumes and growth acrossthe segments. The conductors segment ends the quarter with the highest everorder book, revenue growth and realization growth of 81%/34% respectively.

Apar Industries Ltd. has gained 46.84% in the last 6 Months

Apar Industries Ltd.

17 Aug 2018

8705.00

0.33%

Apar Industries Ltd: Higher Interest Cost Led Down the Perfo...

Buy: Apar Industries Ltd.

Target

Karvy

Higher Interest Cost Led Down the Performance: Apar's results came in line with estimates by growing 5.0% YoY. The growth was across segment with cables segment taking the lead and growing by 17.7% YoY.

Apar Industries Ltd. has an average target of 9540.00 from 1 broker.

Apar Industries Ltd.

02 Jun 2018

8705.00

0.33%

Apar Industries Ltd: Higher Commodity Prices Impact Bottom-l...

Buy: Apar Industries Ltd.

Target

Karvy

Higher Commodity Prices Impact Bottom-line, New Initiativesto be in Focus: Apar's revenue grew by 24.5% YoY driven by a strong growth across segments.Conductors (40.5%), Oils and Lubricants (30.1%) and Cables (4.7%).

Apar Industries Ltd. has gained 46.84% in the last 6 Months

Apar Industries Ltd.

14 Feb 2018

8705.00

0.33%

Q3 FY18 RESULT UPDATE- APAR INDUSTRIES LTD.

Buy: Apar Industries Ltd.

Choice India

Valuation: We initiated this company on 1st Jan. 2018 at Rs. 810.6, with a target price of Rs. 1,124.9 per share. Anticipating good growth across all the segments and improvement in the profitability, we reiterate our BUY rating on the stock. Key concern would be the continued profitability pressure on the...

Apar Industries Ltd. has an average target of 9540.00 from 1 broker.

Is Apar Industries Ltd. worth buying?

248 Votes:

Buy 78.23%

Sell 10.89%

Hold 10.89%

RESEARCH REPORTS

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