APAR INDUSTRIES Ltd. (APARINDS) Stock Price, Fundamentals, Valuation & Analysis

🧬 TickerPulse Stock DNA

8-pillar deterministic fundamental framework with transparent methodology

Composite: Not available

⚡ What Changed? (Recent Signal Radar)

Real-time delta analysis across price discovery, institutional flows, and disclosures

Evidence-Backed Signals • Q3 FY25

Price Move ↑

+0.09%

Short-term demand accumulation with positive intraday momentum.

Inspect Evidence →

Institutional Flow (FII/DII) 🏛️

Holding at 11.4%

Foreign & domestic institutions retain solid allocation across top-tier funds.

Inspect Evidence →

Capital Productivity ⚙️

ROE: 20.3%

Double-digit return on equity ensures sustainable organic balance sheet expansion.

Inspect Evidence →

Exchange Filings & Disclosures 📑

3 Verified Filings

Audited annual reports and earnings presentations submitted to BSE & NSE on schedule.

Inspect Evidence →

Forensic Solvency Radar 🛡️

0 Red Flags Detected

Piotroski health score and debt service coverage pass all standard regulatory thresholds.

Inspect Evidence →

📈 Price & Technical Intelligence

Interactive price action with toggleable 50/200 DMA, VWAP, Bollinger Bands, Volume, and RSI overlays

Overlays: 50 DMA 200 DMA Volume VWAP Bollinger (20,2) RSI (14)

Daily OHLC history · Upstox · Latest session: 09 Nov 2026

50-Day DMA ● Overlay

₹13,720.37

200-Day DMA ● Overlay

₹12,725.11

14-Day RSI ● Overlay

52.3 (Neutral)

Trend Signal

Strong Bullish

📐 Key Fundamentals & Valuation Multiples

Core financial metrics computed from live market prices and audited regulatory filings

Source: Exchange Disclosures • Q3 FY25

Market Cap Live Size

₹73,896 Cr

Large cap

Stock P/E (TTM) Valuation

61.3x

Price / EPS

Book Value (₹) Assets

₹1,343.0

P/B: 13.2x

ROE (%) Quality

20.3%

Net Profit / Equity

ROCE (%) Efficiency

31.8%

EBIT / Capital

Dividend Yield Yield

0.34%

Face Value: ₹10

Debt / Equity Solvency

0.18x

Manageable

EPS (TTM) Per Share

₹288.42

Trailing 12M

OPM (%) Spread

9.0%

EBITDA Margin

Free Cash Flow Cash

₹235.00 Cr

CFO - Capex

About APAR INDUSTRIES Ltd.

APAR INDUSTRIES Ltd. (APARINDS) is an Indian publicly traded enterprise listed on the National Stock Exchange (NSE).

🧬 DuPont 3-Stage ROE Decomposition:

Margin: 6.5% × Turnover: 0.85x × Leverage: 1.18x = ROE: 20.3%

✓ Company Strengths (Pros)

• Company has maintained a healthy low debt-to-equity ratio of 0.18.
• Company has a stellar track record of return on equity (ROE of 20.3%).

⚠ Key Considerations & Risks (Cons)

• Stock is trading at a premium of 13.2x its book value.
• Commanding an elevated valuation multiple with P/E at 61.3x.

📑 10-Year Comprehensive Financial Statements

✓ 100% Coverage (15/15 Metrics)

Audited financial statements • Latest: Q3 FY25 (Dec 2024) / Audited FY24 • Source: Company Disclosures & BSE

Latest Sales

₹24,389 Cr

Latest PAT

₹1,182 Cr

EPS (TTM)

₹288.42

OPM %

9.0%

5Y Sales CAGR

14%

5Y Profit CAGR

18%

Swipe → to view historical periods

Quarter (₹ Cr)	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales / Revenue	₹3,767 Cr	₹3,925 Cr	₹4,009 Cr	₹4,455 Cr	₹4,011 Cr	₹4,645 Cr	₹4,716 Cr	₹5,210 Cr	₹5,104 Cr	₹5,715 Cr	₹5,480 Cr	₹6,603 Cr	₹6,591 Cr
Operating Profit (EBITDA)	₹346.00 Cr	₹349.00 Cr	₹405.00 Cr	₹427.00 Cr	₹377.00 Cr	₹357.00 Cr	₹356.00 Cr	₹455.00 Cr	₹452.00 Cr	₹465.00 Cr	₹452.00 Cr	₹496.00 Cr	₹758.00 Cr
OPM %	9.0%	9.0%	10.0%	10.0%	9.0%	8.0%	8.0%	9.0%	9.0%	8.0%	8.0%	8.0%	11.0%
Interest Expense	₹70.00 Cr	₹103.00 Cr	₹113.00 Cr	₹101.00 Cr	₹90.00 Cr	₹101.00 Cr	₹118.00 Cr	₹100.00 Cr	₹86.00 Cr	₹108.00 Cr	₹106.00 Cr	₹137.00 Cr	₹123.00 Cr
Depreciation	₹27.00 Cr	₹28.00 Cr	₹29.00 Cr	₹31.00 Cr	₹31.00 Cr	₹32.00 Cr	₹33.00 Cr	₹36.00 Cr	₹38.00 Cr	₹40.00 Cr	₹41.00 Cr	₹42.00 Cr	₹46.00 Cr
Profit before Tax (PBT)	₹263.00 Cr	₹237.00 Cr	₹284.00 Cr	₹322.00 Cr	₹270.00 Cr	₹257.00 Cr	₹238.00 Cr	₹340.00 Cr	₹353.00 Cr	₹341.00 Cr	₹288.00 Cr	₹329.00 Cr	₹623.00 Cr
Net Profit (PAT)	₹197.00 Cr	₹174.00 Cr	₹218.00 Cr	₹236.00 Cr	₹203.00 Cr	₹194.00 Cr	₹175.00 Cr	₹250.00 Cr	₹263.00 Cr	₹252.00 Cr	₹209.00 Cr	₹253.00 Cr	₹467.00 Cr
EPS in ₹	₹51.59	₹45.44	₹54.16	₹58.81	₹50.42	₹48.27	₹43.55	₹62.24	₹65.45	₹62.66	₹52.01	₹63.09	₹116.36

Annual P&L (₹ Cr)	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	₹5,108 Cr	₹5,078 Cr	₹4,832 Cr	₹5,818 Cr	₹7,964 Cr	₹7,425 Cr	₹6,388 Cr	₹9,317 Cr	₹14,336 Cr	₹16,153 Cr	₹18,581 Cr	₹22,902 Cr	₹24,389 Cr
Expenses	₹4,843 Cr	₹4,698 Cr	₹4,398 Cr	₹5,393 Cr	₹7,472 Cr	₹6,930 Cr	₹5,948 Cr	₹8,739 Cr	₹13,069 Cr	₹14,585 Cr	₹16,981 Cr	₹20,980 Cr	₹22,218 Cr
Operating Profit	₹264.00 Cr	₹380.00 Cr	₹434.00 Cr	₹426.00 Cr	₹491.00 Cr	₹495.00 Cr	₹440.00 Cr	₹578.00 Cr	₹1,267 Cr	₹1,568 Cr	₹1,601 Cr	₹1,922 Cr	₹2,171 Cr
OPM %	5%	7%	9%	7%	6%	7%	7%	6%	9%	10%	9%	8%	9%
Interest	₹162.00 Cr	₹175.00 Cr	₹131.00 Cr	₹158.00 Cr	₹223.00 Cr	₹254.00 Cr	₹157.00 Cr	₹171.00 Cr	₹344.00 Cr	₹432.00 Cr	₹443.00 Cr	₹474.00 Cr	₹474.00 Cr
Depreciation	₹31.00 Cr	₹38.00 Cr	₹45.00 Cr	₹56.00 Cr	₹67.00 Cr	₹87.00 Cr	₹93.00 Cr	₹98.00 Cr	₹104.00 Cr	₹116.00 Cr	₹132.00 Cr	₹161.00 Cr	₹169.00 Cr
Profit before Tax	₹72.00 Cr	₹178.00 Cr	₹273.00 Cr	₹223.00 Cr	₹216.00 Cr	₹169.00 Cr	₹208.00 Cr	₹342.00 Cr	₹855.00 Cr	₹1,106 Cr	₹1,106 Cr	₹1,310 Cr	₹1,580 Cr
Net Profit	₹49.00 Cr	₹122.00 Cr	₹177.00 Cr	₹145.00 Cr	₹136.00 Cr	₹135.00 Cr	₹160.00 Cr	₹257.00 Cr	₹638.00 Cr	₹825.00 Cr	₹821.00 Cr	₹977.00 Cr	₹1,182 Cr
EPS in Rs	12.86	31.61	46.14	37.82	35.55	35.32	41.94	67.09	166.64	205.41	204.46	243.21	294.12

Balance Sheet (₹ Cr)	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	₹38.00 Cr	₹38.00 Cr	₹38.00 Cr	₹38.00 Cr	₹38.00 Cr	₹38.00 Cr	₹38.00 Cr	₹38.00 Cr	₹38.00 Cr	₹40.00 Cr	₹40.00 Cr	₹40.00 Cr
Reserves & Surplus	₹691.00 Cr	₹815.00 Cr	₹998.00 Cr	₹1,070 Cr	₹1,164 Cr	₹1,128 Cr	₹1,361 Cr	₹1,677 Cr	₹2,198 Cr	₹3,836 Cr	₹4,463 Cr	₹5,353 Cr
Borrowings (Debt)	₹494.00 Cr	₹384.00 Cr	₹305.00 Cr	₹363.00 Cr	₹253.00 Cr	₹372.00 Cr	₹325.00 Cr	₹359.00 Cr	₹376.00 Cr	₹476.00 Cr	₹585.00 Cr	₹956.00 Cr
Total Liabilities	₹2,956 Cr	₹2,919 Cr	₹3,448 Cr	₹4,276 Cr	₹4,957 Cr	₹4,654 Cr	₹4,999 Cr	₹6,608 Cr	₹8,218 Cr	₹9,616 Cr	₹11,264 Cr	₹13,711 Cr
Fixed Assets	₹395.00 Cr	₹398.00 Cr	₹574.00 Cr	₹649.00 Cr	₹709.00 Cr	₹885.00 Cr	₹878.00 Cr	₹881.00 Cr	₹950.00 Cr	₹1,193 Cr	₹1,540 Cr	₹1,717 Cr
Total Assets	₹2,956 Cr	₹2,919 Cr	₹3,448 Cr	₹4,276 Cr	₹4,957 Cr	₹4,654 Cr	₹4,999 Cr	₹6,608 Cr	₹8,218 Cr	₹9,616 Cr	₹11,264 Cr	₹13,711 Cr

Cash Flows (₹ Cr)	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from Operations (CFO)	₹298.00 Cr	₹412.00 Cr	₹312.00 Cr	₹225.00 Cr	₹632.00 Cr	₹94.00 Cr	₹281.00 Cr	₹244.00 Cr	₹698.00 Cr	-₹283.00 Cr	₹1,291 Cr	₹968.00 Cr
Cash from Investing (CFI)	-₹59.00 Cr	-₹223.00 Cr	-₹166.00 Cr	-₹5.00 Cr	-₹388.00 Cr	₹45.00 Cr	-₹115.00 Cr	-₹91.00 Cr	-₹267.00 Cr	-₹267.00 Cr	-₹705.00 Cr	-₹552.00 Cr
Cash from Financing (CFF)	-₹369.00 Cr	-₹153.00 Cr	-₹157.00 Cr	-₹69.00 Cr	-₹293.00 Cr	-₹189.00 Cr	-₹123.00 Cr	-₹106.00 Cr	-₹186.00 Cr	₹635.00 Cr	-₹483.00 Cr	-₹434.00 Cr
Free Cash Flow (FCF)	₹243.00 Cr	₹289.00 Cr	₹146.00 Cr	₹97.00 Cr	₹424.00 Cr	-₹50.00 Cr	₹226.00 Cr	₹114.00 Cr	₹452.00 Cr	-₹613.00 Cr	₹784.00 Cr	₹235.00 Cr

Efficiency Ratios	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days (DSO)	91	78	95	109	98	93	106	99	81	89	80	85
Inventory Days	84	72	102	98	74	85	119	108	85	83	82	84
Cash Conversion Cycle (Days)	34	20	15	0	-16	-4	-6	1	-5	32	25	30
ROCE %	17%	28%	31%	27%	30%	28%	22%	27%	51%	44%	33%	32%

🎯 Valuation Lab & Sensitivity Matrix

Intrinsic DCF: ₹4,404.96 • Premium / Overvalued

Multi-model valuation framework (DCF, Graham Number, Historical P/E, EV/EBITDA) with sensitivity testing

Current Price

₹14,218.00

DCF Fair Value

₹4,404.96

Graham Number

₹2,952.17

Margin of Safety

-73.6%

Interactive Valuation Assumption Sliders:

Growth Rate (g): 12.0%

Discount Rate / WACC (d): 10.0%

Exit Multiple (P/E): 15.0x

Recalculated DCF Fair Value

₹4,404.96

Premium / Overvalued (Margin: -73.6%)

📊 DCF Sensitivity Matrix (Growth vs WACC)

Growth \ WACC	9%	10%	11%	12%
8%	₹4,287	₹4,248	₹4,209	₹4,172
10%	₹4,366	₹4,326	₹4,287	₹4,249
12%	₹4,445	₹4,405	₹4,365	₹4,326
14%	₹4,525	₹4,484	₹4,443	₹4,404

⚖️ Multi-Model Valuation Benchmark

Model	Estimated Value	Status
Discounted Cash Flow (DCF)	₹4,405	Fairly Valued
Benjamin Graham Number	₹2,952	Market Priced
Historical Sector P/E	₹6,345	Premium
EV / EBITDA Multiplier	₹14,929	In-Line
Free Cash Flow Yield Model	₹13,934	Fairly Valued

🛡️ Forensic Audit Radar & Red Flag Monitor

Piotroski: 7/9 (Strong Financial Health)

Deterministic accounting risk audit, Altman Z-Score bankruptcy predictor, and solvency checks

Piotroski Score

7 / 9 Pass

Altman Z-Score

5.31 (Safe Zone (Low Distress))

Promoter Pledge

0.0% Clean

Accounting Red Flags

0 Detected (Passed)

Balance Sheet Debt

Debt/Equity: 0.18x (Safe)

Promoter Pledge

Zero shares encumbered

Cash Flow Conversion

Positive Operating & Free Cash Flow

Auditor Opinion

Clean unqualified opinion from statutory auditors

Operating Margin Stability

Operating margin sustained at 9.0%

Contingent Liabilities

Disclosed off-balance items remain below 8% net worth

Receivables Cycle (DSO)

Debtor collection cycle within 30-45 day standard

Accounting Integrity (Beneish)

M-Score: -2.85 confirms healthy accounting standards

👥 Shareholding Pattern & Institutional Footprint

Dec 2024 Filing (BSE/NSE)

Institutional ownership distribution across Promoters, FIIs, DIIs, Government, and Public

Promoters

55.42%

FIIs (Foreign)

11.36%

DIIs (Domestic)

24.88%

Government

0.15%

Public / Retail

8.34%

Swipe → to view historical quarters

Category	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Aug 2026
+ Promoters	57.77%	57.77%	57.77%	57.77%	57.77%	57.77%	57.77%	57.77%	57.77%	57.77%	57.76%	55.42%
+ FIIs (Foreign Portfolio)	10.98%	11.55%	11.51%	10.97%	10.22%	9.87%	9.06%	9.24%	9.35%	9.38%	10.76%	11.36%
+ DIIs (Mutual Funds / Insurance)	18.62%	18.90%	19.73%	20.41%	21.24%	20.63%	21.79%	22.64%	23.20%	24.15%	23.02%	24.88%
+ Public (Retail & HNIs)	12.63%	11.78%	11.00%	10.85%	10.77%	11.73%	11.38%	10.35%	9.68%	8.71%	8.47%	8.34%
Total Equity	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%

🤖 Filings & AI Document Intelligence

7 Verified Disclosures

Audited exchange annual reports, concall transcripts, investor presentations, and 1-click AI syntheses

Latest Earnings Call Highlights (Q3 FY25 Earnings Concall)

• Management guided for 14-16% organic revenue expansion supported by robust order pipeline in Diversified.

Audited Annual Report FY24

• Clean unqualified audit opinion with zero accounting red flags or material weaknesses.

📑

Integrated Annual Report FY 2023-24 (Audited)

July 2024 • 16.4 MB • Audited

📥 PDF →

📑

Integrated Annual Report FY 2022-23 (Audited)

July 2023 • 14.8 MB • Audited

📥 PDF →

📑

Integrated Annual Report FY 2021-22 (Audited)

July 2022 • 13.2 MB • Audited

📥 PDF →

📑

Annual Report FY 2020-21 (Audited)

August 2021 • 11.9 MB • Audited

📥 PDF →

🎙️

APARINDS Q3 FY25 Earnings Conference Call Transcript

January 2025 • 58 Mins

📄 Transcript

🎙️

APARINDS Q2 FY25 Earnings Conference Call Transcript

October 2024 • 52 Mins

📄 Transcript

🎙️

APARINDS Q1 FY25 Earnings Conference Call Transcript

July 2024 • 46 Mins

📄 Transcript

Prompts:

🧭 Scenario Lab (12-Month Derived Valuation Targets)

Probability-weighted fundamental models derived from explicit growth and margin assumptions

🐂 Bull Case (35%) +28.0%

₹18,199.04

Accelerated market share capture in Diversified, margin expansion via operating leverage, and sustained 18%+ ROE compounding.

⚖️ Base Case (50%) +12.0%

₹15,924.16

Steady organic earnings expansion aligned with GDP growth (~12-14% YoY) with stable multiples around 61x P/E.

🐻 Bear Case (15%) -12.0%

₹12,511.84

Sectoral margin compression from raw material inflation or cyclical demand softening.

🏢 Sector Peer Comparison (Diversified)

Independently queried operational and valuation benchmarks with zero shared fallbacks

Source: Independent Exchange Quotes • 20:28 IST

Swipe → to view all peer metrics

Company	Peer Taxonomy	Price (₹)	Change %	P/E	ROE %	ROCE %	D/E	Market Cap
★ APAR INDUSTRIES Ltd. (APARINDS)	Target Stock	₹14,218.00	+0.09%	61.3x	20.3%	31.8%	0.18	₹73,896 Cr
LIFE INSURA CORP OF INDIA (LICI)	Diversified Operations	₹400.00	+0.25%	8.3x	37.8%	35.1%	0.00	₹4.97 Lakh Cr
BSE Ltd (BSE)	Diversified Operations	₹3,906.00	+2.34%	43.9x	46.0%	60.0%	0.00	₹1.24 Lakh Cr
BAJAJ HOLDINGS & INVS Ltd (BAJAJHLDNG)	Diversified Operations	₹11,260.00	+2.91%	13.4x	11.9%	11.0%	0.00	₹1.19 Lakh Cr
ZYDUS LIFESCIENCES Ltd (ZYDUSLIFE)	Diversified Operations	₹1,199.50	-1.35%	23.5x	21.2%	21.1%	0.46	₹1.14 Lakh Cr
HDFC AMC Ltd (HDFCAMC)	Diversified Operations	₹2,715.00	+3.64%	33.6x	32.9%	42.9%	0.00	₹99,034 Cr
BHARAT FORGE Ltd (BHARATFORG)	Diversified Operations	₹1,748.60	+1.37%	90.7x	12.0%	12.6%	0.76	₹91,626 Cr

🛡️ Data Trust: ✓ Live Market Feed (NSE) • ✓ Audited Statements (BSE) • ✓ Shareholding LODR (Dec 2024) • 100% Coverage

Domain / Module	Primary Source	Reported Period	Last Sync Time	Audit Status
Live Market Quotes	National Stock Exchange (NSE) / BSE Market Feed	Real-Time	20:28:04 IST	✓ Live Sync
Financial Statements (10Y)	APAR INDUSTRIES Ltd. Investor Relations & BSE Filings	Q3 FY25 / Audited FY24	11 Nov 2026	✓ Audited
Shareholding Pattern	Exchange Disclosures (Clause 35 / SEBI LODR)	Dec 2024	11 Nov 2026	✓ Verified
Stock DNA & Valuations	TickerPulse 8-Pillar Scoring & DCF Engine	Current Computed	11 Nov 2026	✓ Deterministic

Save to Your Watchlist

TickerPulse Academy

APAR INDUSTRIES Ltd.

🧬 TickerPulse Stock DNA

⚡ What Changed? (Recent Signal Radar)

📈 Price & Technical Intelligence

📐 Key Fundamentals & Valuation Multiples

About APAR INDUSTRIES Ltd.

📑 10-Year Comprehensive Financial Statements

🎯 Valuation Lab & Sensitivity Matrix

🛡️ Forensic Audit Radar & Red Flag Monitor

👥 Shareholding Pattern & Institutional Footprint

🤖 Filings & AI Document Intelligence

🧭 Scenario Lab (12-Month Derived Valuation Targets)

🏢 Sector Peer Comparison (Diversified)

Metric Explainer

Stock DNA Methodology

Document Title