APLAB

Aplab financials

Market cap
₹168 Cr
Sector
Capital Goods

What Aplab Ltd. does

Aplab designs and manufactures power electronics and business-automation systems from its works in Navi Mumbai (Digha) and Thane (Wagle Industrial Estate), organised into four segments: Power Control and Conversion Electronics, Test and Measurement Instrumentation, Banking and Business Automation, and Customer Service and Support. Its PCCE line includes Nonstop Performance Series UPS and emergency power systems, frequency converters, automatic changeover switches and isolation transformers, plus Mil-Grade KAAS Series aviation ground power units supplying 400Hz AC and 28V DC to military helicopters and jets. The TMI line supplies LONAR and VSP Series programmable AC/DC sources and high-power linear power supplies used in electronics R&D labs, while the BA line makes Intelliprint AI passbook-printing kiosks and retail self-service automation kiosks for banks. The company sells and services these products through a pan-India network of sales & service centres.

Segments

  • Power Control and Conversion Electronics (PCCE)
  • Test and Measurement Instrumentation (TMI)
  • Banking and Business Automation (BA)
  • Customer Service and Support (SS)
Business segments
4 (Power Control & Conversion Electronics, Test & Measurement Instrumentation, Banking & Business Automation, Customer Service & Support)
Manufacturing works
2 (Navi Mumbai–Digha & Thane–Wagle Industrial Estate)
Sales & service centres
33 cities across India
Core product series
7 (Nonstop Performance, KAAS, KW, LONAR, VSP+, LLIT, Intelliprint)
Company history
60+ years (incorporated 1964)
KAAS aviation ground power output
400Hz AC & 28V DC systems for military helicopters/jets
Founded 1964Headquarters Navi Mumbai, Maharashtra Company website

Quarterly results

Q1 FY27: revenue down 37.8%, net profit down 396.5% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue14 16 24 15 17 +25%11 −29%14 −40%10 −38%
EBITDA1 -8 -1 2 3 +410%0 +100%-2 −30%-3 −247%
Net profit2 -8 7 1 2 +5%1 +109%-1 −110%-3 −396%
How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Performance +10.4% 1Y

₹60₹80₹100₹120Sept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26

1Y: ₹67.91 on 10 Sept 2025 → ₹75. High ₹117.77 (21 May 2026), low ₹58.78 (30 Mar 2026).

Financials, as filed

Revenue grew 8.6% a year over 2 years, FY24 to FY26. Operating margin narrowed to 5.1%.

Year endingFY24FY25FY26
Revenue₹50 Cr₹64 Cr₹58 Cr
Operating profit₹5 Cr₹-8 Cr₹3 Cr
Operating margin9.7%-12.5%5.1%
Interest₹3 Cr₹3 Cr₹2 Cr
Depreciation₹0 Cr₹0 Cr₹0 Cr
Net profit₹1 Cr₹0 Cr₹3 Cr
Net margin2.1%0.4%4.3%
Cash from operations₹0 Cr₹2 Cr₹14 Cr
Free cash flow₹-0 Cr₹1 Cr₹11 Cr
ROCE14.9%-8.9%14.8%
How to read this

From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.

Balance sheet

Year endingFY21FY22FY23FY24FY25FY26
Equity capital₹5 Cr₹10 Cr₹10 Cr₹11 Cr₹16 Cr₹16 Cr
Reserves₹-31 Cr₹-31 Cr₹-30 Cr₹-4 Cr₹3 Cr₹4 Cr
Borrowings₹72 Cr₹48 Cr₹50 Cr₹29 Cr₹27 Cr₹19 Cr
Other liabilities₹44 Cr₹40 Cr₹45 Cr₹35 Cr₹23 Cr₹19 Cr
Total liabilities₹90 Cr₹66 Cr₹76 Cr₹71 Cr₹68 Cr₹58 Cr
Fixed assets₹3 Cr₹7 Cr₹7 Cr₹7 Cr₹7 Cr₹10 Cr
Capital work in progress₹4 Cr₹1 Cr₹0 Cr₹0 Cr₹1 Cr₹0 Cr
Investments₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr
Other assets₹82 Cr₹59 Cr₹68 Cr₹64 Cr₹61 Cr₹48 Cr
Total assets₹90 Cr₹66 Cr₹76 Cr₹71 Cr₹68 Cr₹58 Cr
How to read this

As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.

Who owns it

As disclosed at Jun 2026

Since Jun 2025, the public added +23.78 pp while promoters trimmed −23.77 pp. The shareholder count shrank 10% to 5,217.

Promoters
43.8%
DIIs
0.0%
Public
56.2%

Since Jun 2025

  • Public +23.78 pp
  • Promoters −23.77 pp
  • DIIs −0.01 pp

How it drifted, 12 quarters

Over this window the public went from 36.7% to 56.2% — +19.5 pp.

Sep '23Dec '24Jun '26

Ownership split by quarter, oldest first. Sep '23: Promoters 63.3%, DIIs 0.0%, Public 36.7%.Dec '23: Promoters 63.3%, DIIs 0.0%, Public 36.7%.Mar '24: Promoters 63.3%, DIIs 0.0%, Public 36.7%.Jun '24: Promoters 63.3%, DIIs 0.0%, Public 36.7%.Sep '24: Promoters 63.3%, DIIs 0.0%, Public 36.7%.Dec '24: Promoters 67.6%, DIIs 0.0%, Public 32.4%.Mar '25: Promoters 67.6%, DIIs 0.0%, Public 32.4%.Jun '25: Promoters 67.6%, DIIs 0.0%, Public 32.4%.Sep '25: Promoters 43.8%, DIIs 0.0%, Public 56.2%.Dec '25: Promoters 43.8%, DIIs 0.0%, Public 56.1%.Mar '26: Promoters 43.8%, DIIs 0.0%, Public 56.2%.Jun '26: Promoters 43.8%, DIIs 0.0%, Public 56.2%.

Who was buying across the market this quarter →

Who is on the register

Named in the Jun 2026 filing

Every holder of Aplab Ltd. above SEBI's 1% disclosure line, and what changed since Mar 2026.

HolderStakeChange
Amrita Prabhakar Deodhar 35.27%unchanged
Poonam Balram Bharwani 4.65%unchanged
Manisha Jain 3.28%unchanged
Rupal Sanjay Mehta 3.28%unchanged
Mayadevi Didwania 3.28%unchanged
Sudhirkumar K Jain 3.18%unchanged
Kailashben Ashokkumar Patel 2.15%−0.64 pp
Sneha Sanjay Mehta 1.59%unchanged
Sanjay Niranjan Mehta 1.59%unchanged
Shobha Paharia 1.59%unchanged
Pooja Agarwal 1.59%unchanged
Shreegopal C Didwaniya 1.59%unchanged

A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.

Learn to analyse Aplab Ltd.

Guides on how to read this kind of business and the numbers that matter.