You are currently viewing APAR Industries Ltd Company Analysis Report 2026
APAR Industries Ltd Company Analysis Report 2026

APAR Industries Ltd Company Analysis Report 2026

Category: Financial Modeling | Fundamental Analysis | Educational Report

Educational Disclaimer

Prepared under the FinOptions Financial Modeling Training Program for educational and learning purposes only. This report is not investment advice and has no commercial solicitation intent.

Report Details

  • Prepared By: Anjali leve
  • Guided By: Mr. Gaurav Somani, CFA, FRM

APAR Industries Ltd Company Overview

APAR Industries Ltd is a leading Indian manufacturer of conductors, transformer and specialty oils, power cables, telecom cables, polymers, and lubricants. Founded in 1958, the company operates across multiple business segments and serves domestic as well as international markets.

This APAR Industries Ltd company analysis report is prepared under the FinOptions Financial Modeling Training Program to help students understand business analysis, financial performance, shareholding patterns, and industry comparison.

Official Company Website

🔗 https://www.apar.com/

Key Highlights

ParticularsDetails
NSE SymbolAPARINDS
BSE Code532259
Market Capitalization₹34,046 Cr
IndustrySpecialty Manufacturing
HeadquartersGujarat, India

What This APAR Industries Ltd Company Analysis Report Covers

  • Company overview and business model
  • Revenue breakup by business segment
  • Shareholding pattern analysis
  • Key financial performance
  • Financial ratios
  • Subsidiaries and associate companies
  • Management overview
  • Peer comparison

Business Snapshot

APAR Industries operates across the following key segments:

  • Conductors
  • Specialty Oils & Lubricants
  • Power & Telecom Cables
  • Polymers
  • Automotive Solutions
  • Cable Solutions

The company has a diversified revenue base and a strong presence in both power transmission and specialty manufacturing sectors.

Revenue Breakup (FY24)

SegmentRevenue (₹ Cr)
Conductors7,013
Specialty Oils4,656
Cables1,993
Lubricants893

Conductors remain the largest contributor to the company’s revenue.

Key Financials

ParticularsFY24
Revenue₹16,153 Cr
Net Profit₹825 Cr
EBIT₹1,406 Cr
EBITDA₹1,522 Cr
EPS₹16.66

Shareholding Snapshot

  • Promoters: 57.77%
  • DII: 18.90%
  • FII: 11.55%
  • Mutual Funds: 11.78%
  • Others: 17.11%

A strong promoter holding reflects long-term confidence in the business.

Key Management

  • Mr. Kushal Desai – Chairman & Managing Director
  • Mr. Shashi Amin – CEO, APAR Cables
  • Mr. Chaitanya Desai – Managing Director

Major Competitors

  • Finolex Cables
  • Polycab India
  • Havells India
  • ABB India
  • GE T&D India

Why This Report Is Useful for Students

This APAR Industries Ltd company analysis report helps students understand:

  • Fundamental Analysis
  • Segment-wise Revenue Analysis
  • Financial Ratio Analysis
  • Shareholding Interpretation
  • Peer Comparison
  • Business & Industry Analysis

Useful for Financial Modeling, Investment Banking, Equity Research, CFA, B.Com, BBA, and MBA Finance students.