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    Apar Industries Limited

    Global manufacturer of power conductors, transformer oils/lubricants and power, telecom & speciality cables.

    Capital Goods
    Industrials
    View APARINDS earnings calls
    ₹16,280
    +27.43% from avg

    Overview

    Price

    ₹16,280

    Market Cap

    ₹54.2k Cr

    Sector

    Capital Goods

    Industrials

    Rank

    4

    Performance

    Financials

    Income Statement

    Financial Trajectories

    11
    Quarterly

    Balance Sheet

    Balance Sheet

    ₹ Cr · Annual
    Line itemFY20FY21FY22FY23FY24FY25FY26FY26
    LiabilitiesEquity Capital3838383840404040
    Reserves1.1k1.4k1.7k2.2k3.8k4.5k4.8k5.4k
    Borrowings372325359376476585704956
    Other Liabilities3.1k3.3k4.5k5.6k5.3k6.2k5.8k7.4k
    Total Liabilities4.7k5.0k6.6k8.2k9.6k11.3k11.3k13.7k
    AssetsFixed Assets8858788819501.2k1.5k1.6k1.7k
    CWIP55293899122130366539
    Investments0603154112192859
    Other Assets3.7k4.0k5.7k7.1k8.3k9.4k9.4k11.4k
    Total Assets4.7k5.0k6.6k8.2k9.6k11.3k11.3k13.7k

    Cash Flow

    Cash Flow

    ₹ Cr · Annual
    Line itemFY19FY20FY21FY22FY23FY24FY25FY26
    ActivitiesCash from Operating63294281244698-2831.3k968
    Cash from Investing-38845-115-91-267-267-705-558
    Cash from Financing-293-189-123-106-186635-483-434
    SummaryCapital Expenditure
    Free Cash Flow424-50226114452-613784235
    FCF Margin

    Valuation

    Assumptions

    Current — APARINDS
    Price
    ₹16,280
    EPS (TTM)
    ₹294.12
    PE (TTM)
    55.4
    Profit growth
    15.3%

    The Earnings Per Share over the last 12 months.

    %

    Your assumption of the company's expected yearly EPS growth (e.g., 6 for 6%).

    Pre-filled with the lower of median (34.8×) and current (55.4×) PE — the conservative anchor.

    %

    The annualized return you aim to achieve. We solve for the price that delivers it, then compare to today's price.

    Valuation

    Current price
    ₹16,280
    vs
    Fair value · 15% return
    ₹9,249
    43%Overvalued

    At 15.3% growth and a 35× exit, ₹16280 only delivers your return if you pay ₹9,249. The price is currently baking in 28% growth.

    EPS grows 15.3%/yr for 5 years, then fades to 6% over 2, exits at 35×.

    YearGrowthEPS (₹)
    FY2715.3%339.12
    FY2815.3%391.01
    FY2915.3%450.83
    FY3015.3%519.81
    FY3115.3%599.34
    FY3210.7% ·fade663.17
    FY336.0% ·fade702.96

    Methodology: we discount normalized net profit as a proxy for owner earnings (an earnings-power approximation — not full free cash flow). Terminal growth is capped at 6% (≈ nominal GDP) regardless of the required return. This is an analytical tool, not investment advice.

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