Apar Industries Ltd. share price target

Apar Industries is a Gujarat based, leading manufacturer of conductors, transformer oils & cables for domestic & overseas power T&D; sector. Over the years, company has evolved into a diversified $850mn conglomerate offering value added products & services in the area of power transmission conductors & petroleum specialty products. Company has export presence in about 80 countries which includes Middle East, Africa, Europe, USA etc....

Capacity expansion to derive growth: The company is currently expanding its conductors and specialty oils capacity by adding plants at Jharsaguda (Odisha) and Sharjah (UAE) respectively. The company is currently at 100% capacity utilization in both the segments. Apar is setting up a plant for conductor manufacturing with a capacity of 30000MT per annum on a capex of Rs. 360mn which makes the company a largest manufacturer of conductors in the industry with 180000MT per annum. As per management, the sites will be operational from Oct

Apar operates in the diverse fields of electrical, metallurgical and chemical engineering. Over the years, it has evolved into a diversified USD 850 million conglomerate offering value added products and services in the areas of power transmission conductors and petroleum specialty products. Entered automotive lubricant manufacture under a license agreement with eni S.p.A, Italy, in 2007, to produce and market high-end automotive and industrial lubricants under the Agip brand in India; eni is the world's eighth-largest automotive lubricants...