Apar Industries Limited - chemicals and materials in Vadodara, Gujarat, India. FY 2026 financials and compliance.
CIN L91110GJ1989PLC012802 Incorporated 28 September 1989 ROC Ahmedabad HQ Vadodara, Gujarat, India
Active Listed - NSE: APARINDS · BSE: 532259 Public Limited Company chemicals and materials
Data last updated
Revenue · FY 2026
₹22,902 Cr
▲ 23.25% YoY
EBITDA · FY 2026
₹1,940.7 Cr
▲ 17.85% YoY
Net profit · FY 2026
₹976.93 Cr
▲ 18.95% YoY
Authorised capital
₹102 Cr
Registered with MCA
Paid-up capital
₹40.17 Cr
Issued & subscribed
Open charges
₹9,674.8 Cr
Satisfied ₹19,063 Cr
Company age
37 yrs
Est. 1989
Employees · EPFO
2,169
Latest available

About Apar Industries Limited

Data last updated: 31 December 2025

Apar Industries Limited is a public limited company based in Vadodara, Gujarat, India. It specialises in petrochemicals and derivatives, a part of the broader chemicals and materials sector. Incorporated on 28 September 1989, the company has been in operation for over 37 years.

Registered with ROC Ahmedabad under CIN L91110GJ1989PLC012802. Listed on BSE: 532259 and NSE: APARINDS.

Capital: an authorised share capital of ₹102 Cr and a paid-up capital of ₹40.17 Cr. It is led by directors including Nirupa Kiran Bhatt and Kushal Narendra Desai.

Last AGM: 05 August 2025. Financial statements filed for year ended 31 March 2025. Office: 301 Panorama Complex R C Dutt Road, Vadodara, Gujarat, India – 390007.

As per the financials filed for FY 2025, the company reported a revenue of ₹18,681 Cr, a growth of 15% compared to the previous year.

The company has a workforce of approximately 2,169 employees as per the latest available data. Its group structure includes 2 subsidiaries.

The company is associated with 1 brand - Apar. As per MCA filings, the company has open charges of ₹9,674.8 Cr and satisfied charges of ₹19,063 Cr on record.

The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website apar.com.

Company Details of Apar Industries Limited
CIN L91110GJ1989PLC012802
Registration Number 012802
Incorporation Date 28 September 1989
ROC Ahmedabad
Listing Status Listed (BSE: 532259, NSE: APARINDS)
Company Status Active
Date of Last AGM 05 August 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
Contact Details
  • Email
    *****@*****.com
  • Telephone
    +91-****-******
  • Website
  • Social Media
  • Registered Address
    301 Panorama Complex R C Dutt Road, Vadodara, Gujarat, India – 390007
  • Industry
    Chemicals and Materials, Petrochemicals & Derivatives
Company report
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Financials, compliance, directors, charges, ownership and filings for Apar Industries Limited in one report.

10-year financials Directors & ownership Charges & compliance

Associated Brands with Apar Industries Limited

Apar Industries Limited operates one associated brand: APAR. These brands represent Apar Industries Limited's diversified market presence and brand portfolio.

Brand Description Website
Diversified conglomerate operating across multiple industries apar.com

Business Activity of Apar Industries Limited

Apar Industries Limited is engaged in the principal business activity of manufacturing, with detailed activities including coke and refined petroleum products, electrical equipment, general purpose and special purpose machinery & equipment, transport equipment, other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities. The company has 3 registered principal business activity segments, demonstrating its operational diversity and market reach.

Main Activity Group Code Description of Main Activity Business Activity Code Description of Business Activity Turnover Percentage
C Manufacturing C5 Coke and refined petroleum products *********
C Manufacturing C10 Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment *********
C Manufacturing C13 Other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities *********

Auditor Details of Apar Industries Limited

Apar Industries Limited is audited by C N K & Associates LLP (ICAI peer reviewed, certificate valid till 2027-07-31) for the financial year 2026, as reported in its NSE exchange filings. The statutory auditor is responsible for expressing an independent opinion on whether the financial statements present a true and fair view in accordance with applicable accounting standards.

Name Financial year Audit opinion
C N K & Associates LLP (ICAI peer reviewed, certificate valid till 2027-07-31) FY 2026 Declaration of unmodified opinion

Board of Directors of Apar Industries Limited

Apar Industries Limited is currently managed by 8 directors, with 19 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.

Current Directors
Name Designation Appointment Date Tenure Status
Nirupa Kiran Bhatt Director 26 Oct 2023 2 Years 8 Months Current
Kushal Narendra Desai Managing Director 01 Jan 2012 14 Years 6 Months Current
Chaitanya Narendra Desai Managing Director 01 Jan 2012 14 Years 6 Months Current
Rishabh Kushal Desai Director 07 May 2019 7 Years 2 Months Current
Kaushal Jaysingh Sampat Director 31 Jan 2022 4 Years 5 Months Current
Rajesh Narayan Sehgal Director 24 Apr 2017 9 Years 2 Months Current
Showing 6 of 8 current directors. View all directors

Financials of Apar Industries Limited FY 2026 filings available

Apar Industries Limited reported revenue of ₹22,902 Cr (up 23.25% YoY) for FY 2026. Profit growth despite declining revenue indicates effective cost management and margin discipline.

Revenue · FY 2026
₹22,902 Cr ▲ 23.25%
Profit · FY 2026
₹976.93 Cr ▲ 18.95%
EBITDA · FY 2026
₹1,940.7 Cr ▲ 17.85%
Revenue₹ Cr · Consolidated010,00020,00030,000FY 2020: ₹7,462 Cr7,462FY 2020FY 2021: ₹6,388 Cr · -14.4% YoY6,388-14.4%FY 2021FY 2022: ₹9,320 Cr · +45.9% YoY9,320+45.9%FY 2022FY 2023: ₹14,352 Cr · +54% YoY14,352+54%FY 2023FY 2024: ₹16,153 Cr · +12.5% YoY16,153+12.5%FY 2024FY 2025: ₹18,581 Cr · +15% YoY18,581+15%FY 2025FY 2026: ₹22,902 Cr · +23.3% YoY22,902+23.3%FY 2026
Net Profit₹ Cr · Consolidated05001,000FY 2020: ₹135 Cr135FY 2020FY 2021: ₹161 Cr · +18.8% YoY161+18.8%FY 2021FY 2022: ₹257 Cr · +60% YoY257+60%FY 2022FY 2023: ₹638 Cr · +148.4% YoY638+148.4%FY 2023FY 2024: ₹825 Cr · +29.4% YoY825+29.4%FY 2024FY 2025: ₹821 Cr · -0.5% YoY821-0.5%FY 2025FY 2026: ₹977 Cr · +18.9% YoY977+18.9%FY 2026
Quarterly Revenue₹ Cr · vs same quarter last year02,5005,0007,500Q1'25: ₹4,011 Cr · +6.3% YoY4,011+6.3%Q1'25Q2'25: ₹4,645 Cr · +18.3% YoY4,645+18.3%Q2'25Q3'25: ₹4,716 Cr · +17.5% YoY4,716+17.5%Q3'25Q4'25: ₹5,210 Cr · +16.9% YoY5,210+16.9%Q4'25Q1'26: ₹5,104 Cr · +27.3% YoY5,104+27.3%Q1'26Q2'26: ₹5,715 Cr · +23.1% YoY5,715+23.1%Q2'26Q3'26: ₹5,480 Cr · +16.2% YoY5,480+16.2%Q3'26Q4'26: ₹6,603 Cr · +26.7% YoY6,603+26.7%Q4'26
Metrics FY 2026 FY 2025 FY 2024 FY 2023 FY 2022 FY 2021 FY 2020
Revenue from Operations ₹22,902 Cr ₹18,581 Cr ₹16,153 Cr ₹14,352 Cr ₹9,319.99 Cr ₹6,388.02 Cr ₹7,461.74 Cr
Other Income ₹64.77 Cr ₹99.4 Cr ₹86.43 Cr ₹37.47 Cr ₹32.49 Cr ₹22.26 Cr ₹8.41 Cr
Total Income ₹22,967 Cr ₹18,681 Cr ₹16,239 Cr ₹14,390 Cr ₹9,352.48 Cr ₹6,410.28 Cr ₹7,470.15 Cr
Cost of Materials Consumed ₹18,694 Cr ₹14,875 Cr ₹12,564 Cr ₹10,974 Cr ₹7,418.32 Cr ₹4,675.78 Cr ₹5,767.26 Cr
Purchases of Stock-in-Trade ₹103.42 Cr ₹92.98 Cr ₹117.44 Cr ₹69.45 Cr ₹130.71 Cr ₹78.97 Cr ₹148.6 Cr
Changes in Inventories -₹706.82 Cr -₹228.97 Cr -₹141.13 Cr -₹334.66 Cr -₹341.21 Cr ₹45.35 Cr -₹164.82 Cr
Employee Benefit Expense ₹427.87 Cr ₹337.78 Cr ₹288.85 Cr ₹220.5 Cr ₹172.49 Cr ₹160.38 Cr ₹168.83 Cr
Finance Costs ₹437.11 Cr ₹408.91 Cr ₹386.58 Cr ₹305.5 Cr ₹140.62 Cr ₹136.04 Cr ₹227.65 Cr
Depreciation & Amortisation ₹161.14 Cr ₹132.15 Cr ₹115.71 Cr ₹104.34 Cr ₹97.84 Cr ₹93.44 Cr ₹87.12 Cr
Other Expenses ₹2,507.47 Cr ₹1,956.67 Cr ₹1,801.84 Cr ₹2,195.95 Cr ₹1,391.83 Cr ₹1,012.05 Cr ₹1,066.1 Cr
Total Expenses ₹21,624 Cr ₹17,575 Cr ₹15,133 Cr ₹13,535 Cr ₹9,010.6 Cr ₹6,202.01 Cr ₹7,300.74 Cr
Profit Before Exceptional Items & Tax ₹1,342.45 Cr ₹1,105.76 Cr ₹1,106.46 Cr ₹854.58 Cr ₹341.88 Cr ₹208.27 Cr ₹169.41 Cr
Exceptional Items -₹32.53 Cr ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Profit Before Tax ₹1,309.92 Cr ₹1,105.76 Cr ₹1,106.46 Cr ₹854.58 Cr ₹341.88 Cr ₹208.27 Cr ₹169.41 Cr
Total Tax Expense ₹333.07 Cr ₹284.33 Cr ₹280.74 Cr ₹216.84 Cr ₹85.26 Cr ₹47.77 Cr ₹34.26 Cr
Net Profit ₹976.93 Cr ₹821.31 Cr ₹825.11 Cr ₹637.72 Cr ₹256.73 Cr ₹160.5 Cr ₹135.15 Cr
  attributable to Owners - ₹821.31 Cr ₹825.11 Cr ₹637.72 Cr ₹352.07 Cr - ₹135.15 Cr
  attributable to NCI - ₹0 ₹0 - ₹0 - ₹0
Other Comprehensive Income ₹89.27 Cr ₹8.17 Cr -₹18.97 Cr -₹59.19 Cr ₹95.34 Cr ₹82.3 Cr -₹83.44 Cr
Total Comprehensive Income ₹1,066.2 Cr ₹829.48 Cr ₹806.14 Cr ₹578.53 Cr ₹352.07 Cr ₹242.8 Cr ₹51.71 Cr
EBITDA (computed) ₹1,940.7 Cr ₹1,646.82 Cr ₹1,608.75 Cr ₹1,264.42 Cr ₹580.34 Cr ₹437.75 Cr ₹484.18 Cr
Basic EPS ₹243.21 ₹204.47 ₹212.10 ₹166.64 ₹67.09 ₹41.94 ₹35.32
Diluted EPS ₹242.81 ₹204.47 ₹212.10 ₹166.64 ₹67.09 ₹41.94 ₹35.32
Metrics FY 2026 FY 2025 FY 2024 FY 2023
Total Assets ₹13,711 Cr ₹11,264 Cr ₹9,615.76 Cr ₹8,217.65 Cr
Non-current Assets ₹2,514.53 Cr ₹1,951.02 Cr ₹1,445.79 Cr ₹1,210.09 Cr
Current Assets ₹11,197 Cr ₹9,312.53 Cr ₹8,169.97 Cr ₹7,007.56 Cr
Property, Plant & Equipment ₹1,608.59 Cr ₹1,432.02 Cr ₹1,129.88 Cr ₹949.37 Cr
Inventories ₹4,152.79 Cr ₹3,310.5 Cr ₹2,864.46 Cr ₹2,575.64 Cr
Trade Receivables ₹5,334.09 Cr ₹4,078.17 Cr ₹3,928.91 Cr ₹3,198.07 Cr
Cash & Equivalents ₹668.72 Cr ₹686.42 Cr ₹584 Cr ₹498.81 Cr
Equity (Net Worth) ₹5,393.38 Cr ₹4,503.54 Cr ₹3,876.44 Cr ₹2,236.39 Cr
Equity Share Capital ₹40.17 Cr ₹40.17 Cr ₹40.17 Cr ₹38.27 Cr
Borrowings (Non-current) ₹432.78 Cr ₹298.33 Cr ₹334.31 Cr ₹151.37 Cr
Borrowings (Current) ₹407.73 Cr ₹171.81 Cr ₹71.23 Cr ₹152.79 Cr
Total Debt (computed) ₹840.51 Cr ₹470.14 Cr ₹405.54 Cr ₹304.16 Cr
Current Liabilities ₹7,730.38 Cr ₹6,333.93 Cr ₹5,316.19 Cr ₹5,727.22 Cr
Total Liabilities ₹8,317.91 Cr ₹6,760.01 Cr ₹5,739.32 Cr ₹5,981.26 Cr
The balance sheet became part of the exchange results-filing format in FY2023 - earlier years were not filed and are hidden.
Metrics FY 2026 FY 2025 FY 2024 FY 2023 FY 2022
Operating Cash Flow ₹967.67 Cr ₹1,290.56 Cr -₹283.29 Cr ₹698.34 Cr ₹243.75 Cr
Investing Cash Flow -₹558.08 Cr -₹704.79 Cr -₹268.14 Cr -₹268.94 Cr -₹90.61 Cr
Financing Cash Flow -₹433.91 Cr -₹482.9 Cr ₹635.16 Cr -₹184.06 Cr -₹106.35 Cr
Capital Expenditure ₹736.66 Cr ₹509.69 Cr ₹330.67 Cr ₹247.83 Cr ₹130.03 Cr
Free Cash Flow (computed) ₹231.01 Cr ₹780.87 Cr -₹613.96 Cr ₹450.51 Cr ₹113.72 Cr
Dividends Paid ₹204.72 Cr ₹204.61 Cr ₹153 Cr ₹57.36 Cr ₹36.36 Cr
Net Change in Cash -₹18.47 Cr ₹102.42 Cr ₹85.19 Cr ₹245.65 Cr ₹46.14 Cr
The cash-flow statement became part of the exchange results-filing format in FY2022 - earlier years were not filed and are hidden.
Metrics Q4 FY26 Q3 FY26 Q2 FY26 Q1 FY26 Q4 FY25 Q3 FY25 Q2 FY25 Q1 FY25 Q4 FY24 Q3 FY24 Q2 FY24 Q1 FY24
Revenue from Operations ₹6,602.81 Cr ₹5,479.73 Cr ₹5,715.42 Cr ₹5,104.16 Cr ₹5,209.76 Cr ₹4,716.42 Cr ₹4,644.51 Cr ₹4,010.52 Cr ₹4,455.11 Cr ₹4,013.16 Cr ₹3,925.98 Cr ₹3,773.01 Cr
Other Income ₹19.72 Cr ₹15.31 Cr ₹27.43 Cr ₹24.79 Cr ₹17.13 Cr ₹34.18 Cr ₹32.78 Cr ₹16.22 Cr ₹32.81 Cr ₹21 Cr ₹18.76 Cr ₹13.86 Cr
Total Income ₹6,622.53 Cr ₹5,495.04 Cr ₹5,742.85 Cr ₹5,128.95 Cr ₹5,226.89 Cr ₹4,750.6 Cr ₹4,677.29 Cr ₹4,026.74 Cr ₹4,487.92 Cr ₹4,034.16 Cr ₹3,944.74 Cr ₹3,786.87 Cr
Cost of Materials Consumed ₹5,464.59 Cr ₹4,692.14 Cr ₹4,370.03 Cr ₹4,167.48 Cr ₹4,128.78 Cr ₹3,866.74 Cr ₹3,659.54 Cr ₹3,220.27 Cr ₹3,347.45 Cr ₹3,213.42 Cr ₹2,905.14 Cr ₹2,798.83 Cr
Purchases of Stock-in-Trade ₹23.81 Cr ₹24.09 Cr ₹30.42 Cr ₹25.1 Cr ₹33.39 Cr ₹22.43 Cr ₹18.95 Cr ₹18.21 Cr ₹17.69 Cr ₹18.19 Cr ₹33.9 Cr ₹47.66 Cr
Changes in Inventories -₹301.32 Cr -₹316.66 Cr ₹70.5 Cr -₹159.34 Cr -₹75.25 Cr -₹125.4 Cr ₹62.11 Cr -₹90.44 Cr ₹75.39 Cr -₹257.77 Cr ₹40.24 Cr ₹1.01 Cr
Employee Benefit Expense ₹114.26 Cr ₹109.09 Cr ₹99.65 Cr ₹104.87 Cr ₹78.35 Cr ₹89.4 Cr ₹87.88 Cr ₹82.15 Cr ₹77.93 Cr ₹72.9 Cr ₹72.35 Cr ₹65.67 Cr
Finance Costs ₹136.79 Cr ₹106.1 Cr ₹107.9 Cr ₹86.32 Cr ₹99.65 Cr ₹118.35 Cr ₹100.56 Cr ₹90.35 Cr ₹101.08 Cr ₹112.82 Cr ₹103.08 Cr ₹69.6 Cr
Depreciation & Amortisation ₹42.48 Cr ₹40.56 Cr ₹39.88 Cr ₹38.21 Cr ₹35.62 Cr ₹33.37 Cr ₹32.06 Cr ₹31.11 Cr ₹31.47 Cr ₹28.84 Cr ₹28.17 Cr ₹27.23 Cr
Other Expenses ₹805.58 Cr ₹526.64 Cr ₹683.91 Cr ₹513.8 Cr ₹586.26 Cr ₹507.15 Cr ₹459.49 Cr ₹404.7 Cr ₹515.3 Cr ₹561.38 Cr ₹524.59 Cr ₹513.68 Cr
Total Expenses ₹6,286.19 Cr ₹5,181.96 Cr ₹5,402.29 Cr ₹4,776.44 Cr ₹4,886.8 Cr ₹4,512.04 Cr ₹4,420.59 Cr ₹3,756.35 Cr ₹4,166.31 Cr ₹3,749.78 Cr ₹3,707.47 Cr ₹3,523.68 Cr
Profit Before Exceptional Items & Tax ₹336.34 Cr ₹313.08 Cr ₹340.56 Cr ₹352.51 Cr ₹340.09 Cr ₹238.56 Cr ₹256.7 Cr ₹270.39 Cr ₹321.61 Cr ₹284.38 Cr ₹237.27 Cr ₹263.19 Cr
Exceptional Items -₹7.54 Cr -₹24.99 Cr ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 -₹4 Lakh
Profit Before Tax ₹328.8 Cr ₹288.09 Cr ₹340.56 Cr ₹352.51 Cr ₹340.09 Cr ₹238.56 Cr ₹256.7 Cr ₹270.39 Cr ₹321.61 Cr ₹284.38 Cr ₹237.27 Cr ₹263.15 Cr
Total Tax Expense ₹75.48 Cr ₹79.15 Cr ₹88.83 Cr ₹89.61 Cr ₹90.06 Cr ₹63.56 Cr ₹62.85 Cr ₹67.85 Cr ₹85.4 Cr ₹66.73 Cr ₹62.89 Cr ₹65.72 Cr
Net Profit ₹253.44 Cr ₹208.93 Cr ₹251.7 Cr ₹262.91 Cr ₹249.97 Cr ₹174.91 Cr ₹193.88 Cr ₹202.54 Cr ₹236.22 Cr ₹217.57 Cr ₹173.88 Cr ₹197.43 Cr
  attributable to Owners - ₹208.94 Cr ₹251.7 Cr ₹262.91 Cr ₹249.97 Cr ₹174.92 Cr ₹193.88 Cr ₹202.54 Cr ₹236.22 Cr ₹217.57 Cr - ₹0
  attributable to NCI - ₹0 - ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 - ₹0
Other Comprehensive Income -₹3.04 Cr ₹62.22 Cr ₹22.95 Cr ₹7.13 Cr ₹13.06 Cr -₹43.28 Cr ₹11.67 Cr ₹26.73 Cr -₹23.77 Cr -₹3.9 Cr ₹69.35 Cr -₹60.65 Cr
Total Comprehensive Income ₹250.4 Cr ₹271.15 Cr ₹274.65 Cr ₹270.04 Cr ₹263.03 Cr ₹131.63 Cr ₹205.55 Cr ₹229.27 Cr ₹212.45 Cr ₹213.67 Cr ₹243.23 Cr ₹136.78 Cr
EBITDA (computed) ₹515.61 Cr ₹459.74 Cr ₹488.34 Cr ₹477.04 Cr ₹475.36 Cr ₹390.28 Cr ₹389.32 Cr ₹391.85 Cr ₹454.16 Cr ₹426.04 Cr ₹368.52 Cr ₹360.02 Cr
Basic EPS ₹63.09 ₹52.01 ₹62.66 ₹65.45 ₹62.23 ₹43.55 ₹48.27 ₹50.42 ₹60.97 ₹56.62 ₹45.44 ₹51.59
Diluted EPS ₹62.96 ₹51.92 ₹62.55 ₹65.39 ₹62.23 ₹43.55 ₹48.27 ₹50.42 ₹60.97 ₹56.62 ₹45.44 ₹51.59
Latest 12 quarters shown of 25 on record.
Segment · Q4 FY26 (latest quarter) Revenue Result (PBIT) Assets Liabilities
Conductor ₹3,764.18 Cr ₹276.29 Cr ₹6,701.44 Cr ₹3,041.65 Cr
Transformer and speciality oils ₹1,310.87 Cr ₹81.87 Cr ₹2,715.65 Cr ₹1,870.39 Cr
Power / Telecom cables ₹1,903.28 Cr ₹190.78 Cr ₹4,095.54 Cr ₹2,440.77 Cr
Others ₹53.41 Cr ₹5.17 Cr ₹198.66 Cr ₹124.59 Cr
Segment · FY 2026 (annual) Revenue Result (PBIT) Assets Liabilities
Conductor ₹12,712 Cr ₹995.01 Cr - -
Transformer and speciality oils ₹5,373.07 Cr ₹363.76 Cr - -
Power / Telecom cables ₹6,219.51 Cr ₹595.05 Cr - -
Others ₹196.07 Cr ₹14.29 Cr - -
Metrics FY 2026 FY 2025 FY 2024 FY 2023 FY 2022 FY 2021 FY 2020
Revenue from Operations ₹21,997 Cr ₹17,552 Cr ₹15,109 Cr ₹13,167 Cr ₹8,595.75 Cr ₹5,960.82 Cr ₹7,060.09 Cr
Other Income ₹71.18 Cr ₹104.31 Cr ₹88.77 Cr ₹42.84 Cr ₹37.09 Cr ₹25.77 Cr ₹8.29 Cr
Total Income ₹22,068 Cr ₹17,657 Cr ₹15,198 Cr ₹13,210 Cr ₹8,632.84 Cr ₹5,986.59 Cr ₹7,068.38 Cr
Cost of Materials Consumed ₹17,877 Cr ₹14,013 Cr ₹11,635 Cr ₹10,015 Cr ₹6,849.52 Cr ₹4,373.73 Cr ₹5,434.15 Cr
Purchases of Stock-in-Trade ₹103.42 Cr ₹92.98 Cr ₹117.44 Cr ₹69.45 Cr ₹130.71 Cr ₹78.97 Cr ₹148.6 Cr
Changes in Inventories -₹644.59 Cr -₹234.76 Cr -₹135.61 Cr -₹350.49 Cr -₹323.37 Cr ₹39.09 Cr -₹163.39 Cr
Employee Benefit Expense ₹387.12 Cr ₹309.64 Cr ₹268.03 Cr ₹205.71 Cr ₹160.16 Cr ₹150.43 Cr ₹160.02 Cr
Finance Costs ₹422.03 Cr ₹390.83 Cr ₹366.4 Cr ₹290.76 Cr ₹134.8 Cr ₹129.24 Cr ₹219.08 Cr
Depreciation & Amortisation ₹148.02 Cr ₹119.49 Cr ₹102.57 Cr ₹91.94 Cr ₹86.73 Cr ₹84.87 Cr ₹79.15 Cr
Other Expenses ₹2,440.64 Cr ₹1,892.62 Cr ₹1,745.2 Cr ₹2,077.99 Cr ₹1,278.69 Cr ₹945.56 Cr ₹1,019.1 Cr
Total Expenses ₹20,734 Cr ₹16,584 Cr ₹14,099 Cr ₹12,401 Cr ₹8,317.24 Cr ₹5,801.89 Cr ₹6,896.71 Cr
Profit Before Exceptional Items & Tax ₹1,333.96 Cr ₹1,072.82 Cr ₹1,099.41 Cr ₹809.59 Cr ₹315.6 Cr ₹184.7 Cr ₹171.67 Cr
Exceptional Items -₹32.36 Cr ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Profit Before Tax ₹1,301.6 Cr ₹1,072.82 Cr ₹1,099.41 Cr ₹809.59 Cr ₹315.6 Cr ₹184.7 Cr ₹171.67 Cr
Total Tax Expense ₹327.69 Cr ₹279.15 Cr ₹276.13 Cr ₹206.93 Cr ₹82 Cr ₹47.88 Cr ₹32.69 Cr
Net Profit ₹973.91 Cr ₹793.67 Cr ₹823.28 Cr ₹602.66 Cr ₹233.6 Cr ₹136.82 Cr ₹138.98 Cr
Other Comprehensive Income ₹72.44 Cr ₹4.89 Cr -₹20.95 Cr -₹70.86 Cr ₹91.76 Cr ₹80 Cr -₹87.58 Cr
Total Comprehensive Income ₹1,046.35 Cr ₹798.56 Cr ₹802.33 Cr ₹531.8 Cr ₹325.36 Cr ₹216.82 Cr ₹51.4 Cr
EBITDA (computed) ₹1,904.01 Cr ₹1,583.14 Cr ₹1,568.38 Cr ₹1,192.29 Cr ₹537.13 Cr ₹398.81 Cr ₹469.9 Cr
Basic EPS ₹242.46 ₹197.59 ₹211.63 ₹157.48 ₹61.04 ₹35.75 ₹36.32
Diluted EPS ₹242.06 ₹197.59 ₹211.63 ₹157.48 ₹61.04 ₹35.75 ₹36.32
Metrics FY 2026 FY 2025 FY 2024 FY 2023
Total Assets ₹13,230 Cr ₹10,771 Cr ₹8,990.23 Cr ₹7,604.85 Cr
Non-current Assets ₹2,356.55 Cr ₹1,804.96 Cr ₹1,293.11 Cr ₹1,042.8 Cr
Current Assets ₹10,873 Cr ₹8,966.44 Cr ₹7,697.12 Cr ₹6,562.05 Cr
Property, Plant & Equipment ₹1,503.04 Cr ₹1,330.2 Cr ₹1,023.59 Cr ₹792.06 Cr
Inventories ₹3,987.36 Cr ₹3,163.1 Cr ₹2,642.66 Cr ₹2,460.75 Cr
Trade Receivables ₹5,277.85 Cr ₹3,961.51 Cr ₹3,726.05 Cr ₹2,987.44 Cr
Cash & Equivalents ₹617.16 Cr ₹639.69 Cr ₹558.63 Cr ₹407.68 Cr
Equity (Net Worth) ₹5,161.85 Cr ₹4,291.88 Cr ₹3,695.72 Cr ₹2,059.5 Cr
Equity Share Capital ₹40.17 Cr ₹40.17 Cr ₹40.17 Cr ₹38.27 Cr
Borrowings (Non-current) ₹432.78 Cr ₹298.33 Cr ₹334.31 Cr ₹151.37 Cr
Borrowings (Current) ₹407.73 Cr ₹171.81 Cr ₹66.9 Cr ₹155.07 Cr
Total Debt (computed) ₹840.51 Cr ₹470.14 Cr ₹401.21 Cr ₹306.44 Cr
Current Liabilities ₹7,512.51 Cr ₹6,094.56 Cr ₹4,916.98 Cr ₹5,340.7 Cr
Total Liabilities ₹8,067.83 Cr ₹6,479.52 Cr ₹5,294.51 Cr ₹5,545.35 Cr
The balance sheet became part of the exchange results-filing format in FY2023 - earlier years were not filed and are hidden.
Metrics FY 2026 FY 2025 FY 2024 FY 2023 FY 2022
Operating Cash Flow ₹932.71 Cr ₹1,237.62 Cr -₹235.47 Cr ₹577.37 Cr ₹218.39 Cr
Investing Cash Flow -₹536.84 Cr -₹698.86 Cr -₹263.56 Cr -₹252.6 Cr -₹76.08 Cr
Financing Cash Flow -₹419.15 Cr -₹456.68 Cr ₹649.86 Cr -₹159.26 Cr -₹82.43 Cr
Capital Expenditure ₹712.43 Cr ₹506.22 Cr ₹331.6 Cr ₹231.48 Cr ₹115.34 Cr
Free Cash Flow (computed) ₹220.28 Cr ₹731.4 Cr -₹567.07 Cr ₹345.89 Cr ₹103.05 Cr
Dividends Paid ₹204.72 Cr ₹204.61 Cr ₹153 Cr ₹57.36 Cr ₹36.36 Cr
Net Change in Cash -₹22.83 Cr ₹81.06 Cr ₹150.95 Cr ₹165.03 Cr ₹59.23 Cr
The cash-flow statement became part of the exchange results-filing format in FY2022 - earlier years were not filed and are hidden.
Metrics Q4 FY26 Q3 FY26 Q2 FY26 Q1 FY26 Q4 FY25 Q3 FY25 Q2 FY25 Q1 FY25 Q4 FY24 Q3 FY24 Q2 FY24 Q1 FY24
Revenue from Operations ₹6,460.98 Cr ₹5,191.58 Cr ₹5,462.93 Cr ₹4,881.09 Cr ₹4,980.63 Cr ₹4,509.5 Cr ₹4,315.58 Cr ₹3,746.54 Cr ₹4,225.59 Cr ₹3,746.88 Cr ₹3,644.36 Cr ₹3,505.65 Cr
Other Income ₹21.43 Cr ₹16.99 Cr ₹23.58 Cr ₹26.84 Cr ₹15.82 Cr ₹36.25 Cr ₹34.82 Cr ₹18.34 Cr ₹29.58 Cr ₹22.74 Cr ₹20.73 Cr ₹15.72 Cr
Total Income ₹6,482.41 Cr ₹5,208.57 Cr ₹5,486.51 Cr ₹4,907.93 Cr ₹4,996.45 Cr ₹4,545.75 Cr ₹4,350.4 Cr ₹3,764.88 Cr ₹4,255.17 Cr ₹3,769.62 Cr ₹3,665.09 Cr ₹3,521.37 Cr
Cost of Materials Consumed ₹5,293.32 Cr ₹4,445.58 Cr ₹4,153.49 Cr ₹3,984.73 Cr ₹3,943.87 Cr ₹3,686.45 Cr ₹3,401.64 Cr ₹2,980.96 Cr ₹3,135.9 Cr ₹2,991.96 Cr ₹2,653.38 Cr ₹2,574.5 Cr
Purchases of Stock-in-Trade ₹23.81 Cr ₹24.09 Cr ₹30.42 Cr ₹25.1 Cr ₹33.39 Cr ₹22.43 Cr ₹18.95 Cr ₹18.21 Cr ₹17.69 Cr ₹18.19 Cr ₹33.9 Cr ₹47.66 Cr
Changes in Inventories -₹240.55 Cr -₹317.56 Cr ₹75.87 Cr -₹162.35 Cr -₹84.15 Cr -₹118.31 Cr ₹42.77 Cr -₹75.07 Cr ₹77.02 Cr -₹256.45 Cr ₹40.78 Cr ₹3.04 Cr
Employee Benefit Expense ₹102.12 Cr ₹98.85 Cr ₹89.2 Cr ₹96.94 Cr ₹69.26 Cr ₹82.18 Cr ₹82.02 Cr ₹76.19 Cr ₹72.56 Cr ₹68.7 Cr ₹65.88 Cr ₹60.89 Cr
Finance Costs ₹133.58 Cr ₹101.21 Cr ₹104.26 Cr ₹82.97 Cr ₹96.54 Cr ₹113.84 Cr ₹95.13 Cr ₹85.33 Cr ₹96.57 Cr ₹107.94 Cr ₹97.77 Cr ₹64.12 Cr
Depreciation & Amortisation ₹38.95 Cr ₹37.37 Cr ₹36.63 Cr ₹35.07 Cr ₹32.53 Cr ₹30.11 Cr ₹28.89 Cr ₹27.96 Cr ₹28.07 Cr ₹25.41 Cr ₹25 Cr ₹24.09 Cr
Other Expenses ₹792.23 Cr ₹512.77 Cr ₹654.97 Cr ₹498.43 Cr ₹572.54 Cr ₹490.47 Cr ₹441.59 Cr ₹388.94 Cr ₹505.06 Cr ₹543.13 Cr ₹500.5 Cr ₹488.59 Cr
Total Expenses ₹6,143.46 Cr ₹4,902.31 Cr ₹5,144.84 Cr ₹4,560.89 Cr ₹4,663.98 Cr ₹4,307.17 Cr ₹4,110.99 Cr ₹3,502.52 Cr ₹3,932.87 Cr ₹3,498.88 Cr ₹3,417.21 Cr ₹3,262.89 Cr
Profit Before Exceptional Items & Tax ₹338.95 Cr ₹306.26 Cr ₹341.67 Cr ₹347.04 Cr ₹332.47 Cr ₹238.58 Cr ₹239.41 Cr ₹262.36 Cr ₹322.3 Cr ₹270.74 Cr ₹247.88 Cr ₹258.48 Cr
Exceptional Items -₹7.79 Cr -₹24.57 Cr ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Profit Before Tax ₹331.16 Cr ₹281.69 Cr ₹341.67 Cr ₹347.04 Cr ₹332.47 Cr ₹238.58 Cr ₹239.41 Cr ₹262.36 Cr ₹322.3 Cr ₹270.74 Cr ₹247.88 Cr ₹258.48 Cr
Total Tax Expense ₹76.64 Cr ₹74.07 Cr ₹87.8 Cr ₹89.18 Cr ₹88.2 Cr ₹62.52 Cr ₹61.63 Cr ₹66.8 Cr ₹83.86 Cr ₹64.92 Cr ₹62.26 Cr ₹65.1 Cr
Net Profit ₹254.52 Cr ₹207.62 Cr ₹253.87 Cr ₹257.86 Cr ₹244.27 Cr ₹176.06 Cr ₹177.78 Cr ₹195.56 Cr ₹238.44 Cr ₹205.82 Cr ₹185.62 Cr ₹193.38 Cr
Other Comprehensive Income -₹11.82 Cr ₹62.22 Cr ₹15.68 Cr ₹6.27 Cr ₹13.78 Cr -₹46.36 Cr ₹10.86 Cr ₹26.61 Cr -₹24.29 Cr -₹4.17 Cr ₹67.95 Cr -₹60.44 Cr
Total Comprehensive Income ₹242.7 Cr ₹269.84 Cr ₹269.55 Cr ₹264.13 Cr ₹258.05 Cr ₹129.7 Cr ₹188.64 Cr ₹222.17 Cr ₹214.16 Cr ₹201.65 Cr ₹253.57 Cr ₹132.94 Cr
EBITDA (computed) ₹511.48 Cr ₹444.84 Cr ₹482.56 Cr ₹465.08 Cr ₹461.54 Cr ₹382.53 Cr ₹363.43 Cr ₹375.65 Cr ₹446.94 Cr ₹404.09 Cr ₹370.65 Cr ₹346.69 Cr
Basic EPS ₹63.36 ₹51.68 ₹63.20 ₹64.19 ₹60.81 ₹43.83 ₹44.26 ₹48.69 ₹61.54 ₹53.56 ₹48.50 ₹50.53
Diluted EPS ₹63.23 ₹51.59 ₹63.09 ₹64.13 ₹60.81 ₹43.83 ₹44.26 ₹48.69 ₹61.54 ₹53.56 ₹48.50 ₹50.53
Latest 12 quarters shown of 25 on record.
Segment · FY 2023 (annual) Revenue Result (PBIT) Assets Liabilities
Conductor ₹6,986.89 Cr ₹645.77 Cr - -
Others ₹107.27 Cr ₹6.78 Cr - -
Power/Telecom Cables ₹3,263.45 Cr ₹316.81 Cr - -
Transformer and Speciality Oils ₹3,475.13 Cr ₹202.07 Cr - -
Want more history and ratios?
You're viewing the latest exchange-filed financials for Apar Industries Limited. The full report adds 10+ years of line-item history, 20+ ratios, peer benchmarks and a downloadable PDF.
10+ years of history 20+ ratios & benchmarks Downloadable PDF

Shareholding Pattern of Apar Industries Limited

As per the shareholding pattern filed with NSE for the quarter ended Mar 2026, promoters hold 57.77%, foreign institutional investors hold 9.37%, domestic institutional investors hold 24.15%, retail and other public shareholders hold 8.71% of Apar Industries Limited. The company had 89,009 shareholders on record.

Promoters: 57.77%DII (Domestic Institutional): 24.15%FII (Foreign Institutional): 9.37%Retail & Others: 8.71%
Mar 2026
QUARTER
57.77% Promoters
24.15% DII (Domestic Institutional)
9.37% FII (Foreign Institutional)
8.71% Retail & Others
Promoter holding - history
Now 57.77% · Mar 2026High 60.64% · Jun 2022Low 57.77% · Nov 2023
56%57.5%59%60.5%62%Dec 2015Jun 2018Dec 2020Jun 2023Sep 2025Dec 2015: 58.21%Mar 2016: 58.21%Jun 2016: 58.21%Sep 2016: 58.21%Dec 2016: 58.21%Mar 2017: 57.96%Jun 2017: 57.96%Sep 2017: 57.96%Dec 2017: 57.96%Mar 2018: 57.96%Jun 2018: 57.96%Sep 2018: 58.19%Dec 2018: 58.55%Mar 2019: 58.55%Jun 2019: 58.55%Sep 2019: 58.68%Dec 2019: 59.38%Mar 2020: 59.69%Jun 2020: 59.69%Sep 2020: 59.80%Dec 2020: 59.80%Mar 2021: 60.46%Jun 2021: 60.46%Sep 2021: 60.46%Dec 2021: 60.46%Mar 2022: 60.57%Jun 2022: 60.64%Sep 2022: 60.64%Dec 2022: 60.64%Mar 2023: 60.64%Jun 2023: 60.64%Sep 2023: 60.64%Nov 2023: 57.77%Dec 2023: 57.77%Mar 2024: 57.77%Jun 2024: 57.77%Sep 2024: 57.77%Dec 2024: 57.77%Mar 2025: 57.77%Jun 2025: 57.77%Sep 2025: 57.77%Dec 2025: 57.77%Mar 2026: 57.77%60.64%57.77%57.77%
Shareholding trend - last 6 quarters
Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Promoters57.77%57.77%57.77%57.77%57.77%57.77%
Public42.23%42.23%42.23%42.23%42.23%42.23%
Shareholding history - year on year (as at 31 March)
Mar 2026Mar 2025Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016
Promoters57.77%57.77%57.77%60.64%60.57%60.46%59.69%58.55%57.96%57.96%58.21%
Public42.23%42.23%42.23%39.36%39.43%39.54%40.31%41.45%42.04%42.04%41.79%
Promoter change (YoY, %pts)+0.00+0.00-2.87+0.07+0.11+0.77+1.14+0.59+0.00-0.25-

Board & Governance of Apar Industries Limited

As per the corporate governance filing with NSE for the quarter ended 31-MAR-2026, the board of Apar Industries Limited has 7 directors - 4 independent and 3 executive. The board is chaired by Kushal N. Desai.

DirectorPositionOn board sinceListed boards
Kushal N. Desai Executive Director · CEO-MD · Chairperson 1999-03-24 1
Chaitanya N. Desai Executive Director · MD 1993-05-29 1
Rajesh Narayan Sehgal Non-Executive - Independent Director 2017-04-24 1
Rishabh Kushal Desai Executive Director 2019-05-07 1
Kaushal Jaysingh Sampat Non-Executive - Independent Director 2022-01-31 1
Nirupa Kiran Bhatt Non-Executive - Independent Director 2023-10-26 1
Pitamber Shivnani Non-Executive - Independent Director 2026-01-29 1
Board Committees
CommitteeMembers
Audit Committee Rajesh Narayan Sehgal (Chairperson), Kaushal Jaysingh Sampat, Nirupa Kiran Bhatt, Kushal N. Desai, Pitamber Shivnani
Nomination and remuneration committee Rajesh Narayan Sehgal (Chairperson), Kaushal Jaysingh Sampat, Nirupa Kiran Bhatt, Pitamber Shivnani
Stakeholders Relationship Committee Rajesh Narayan Sehgal (Chairperson), Kushal N. Desai, Chaitanya N. Desai, Pitamber Shivnani
Risk Management Committee Kushal N. Desai (Chairperson), Chaitanya N. Desai, Rajesh Narayan Sehgal, Kaushal Jaysingh Sampat, Nirupa Kiran Bhatt, Pitamber Shivnani, Vinayak K Lele, Ramesh S Iyer
Corporate Social Responsibility Committee Kushal N. Desai (Chairperson), Chaitanya N. Desai, Nirupa Kiran Bhatt

Group Structure of Apar Industries Limited

Apar Industries Limited has 2 subsidiary companies and 2 associated companies. This group structure data is as of FY 2024. The corporate group structure reflects Apar Industries Limited's business expansion strategy and organizational complexity.

2
Subsidiary companies
2
Associated companies
Key Subsidiaries
Company Name CIN Shares Held
Apar Distribution & Logistics Private Limited, Wholly Owned Subsidiary Of The Company U60232MH2020PTC338425 -
Apar Transmission & Distribution Projects Private Limited U74999GJ2016PTC093485 -

Showing major subsidiaries. Total: 2.

Charges & Borrowings of Apar Industries Limited

Open charges
₹9,674.8 Cr
Satisfied charges
₹19,063 Cr
Breakdown by lending institutions
Others₹9,125.00 Cr
Sbicap Trustee Company Limited₹549.80 Cr
Latest charge details
DateLenderAmountStatus
07 Jan 2025 Others ₹200 Cr Open
09 Feb 2024 Sbicap Trustee Company Limited ₹350 Cr Open
04 Nov 2020 Sbicap Trustee Company Limited ₹199.8 Cr Open
29 Sep 2020 Others ₹175 Cr Open
16 Jul 2018 Others ₹8,750 Cr Open

Total charge records: 59 View all charges

Employees and EPFO Compliance at Apar Industries Limited

Apar Industries Limited has a workforce of 2,169 employees as of Dec 02, 2025.

Employee count
2,169
Active EPFO establishments
11
Employee growth
8.94%
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026

Employee Count & EPFO Data of Apar Industries Limited

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Monthly employee headcount & PF contributions
EPFO establishment details & ECR filing status
Year-wise workforce analytics & attrition trends
PF exemption, coverage & compliance verification

GST Compliance of Apar Industries Limited

XX%
Compliant
GSTR-1
GSTR-3B
GSTR-9
MH
KA
UP
TN
TS

GSTIN & GST Filing Data of Apar Industries Limited

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GSTIN registrations & state-wise presence
Filing compliance - GSTR-1, GSTR-3B, GSTR-9
HSN/SAC codes with goods & services details
Taxpayer type, jurisdiction & business constitution

Credit Ratings, Litigation & Regulatory Alerts for Apar Industries Limited

Credit rating
AAA
AA+
AA
AA-
! !
2015 2017 2019 2021 2023
Litigation
District Court 35
High Court 45
Supreme Court 0
NCLT / NCLAT 0
Pending
Disposed
Regulatory alerts
GSTIN Cancelled
Andhra Pradesh
GSTIN Cancelled
Telangana (on application)
EPFO Delay
12 months delay - Haryana
Violations via Directors
20 MCA + 19 Bank defaults

Credit Ratings, Legal Cases & Regulatory Alerts of Apar Industries Limited

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Credit rating history across CARE, ICRA, Brickwork & India Ratings
Instrument-wise ratings, outlook & action timeline
Court-wise litigation (District, High Court, Supreme Court, NCLT)
Group company & common directorship litigation
Statutory compliance alerts (GSTIN, EPFO, ROC)
Director & company violations (MCA, SEBI, Banks, BSE/NSE)

MSME Payment Delays by Apar Industries Limited

MSME Payment Delays by Apar Industries Limited

Track payments outstanding to micro and small enterprise vendors, as disclosed in half-yearly MSME-1 returns filed with the MCA.

Amounts outstanding to MSME suppliers
Delay periods & reasons for delayed payments
Half-yearly MSME-1 filing history
Vendor-payment behaviour as a counterparty risk signal

Subsidiaries & Group Companies of Apar Industries Limited

Subsidiaries & Group Companies of Apar Industries Limited

See the full corporate group - holding company, subsidiaries, associates and joint ventures of Apar Industries Limited with ownership details.

Holding & parent company details
Subsidiaries & step-down subsidiaries with % holding
Associates & joint ventures with partner details
Investments in other entities year-on-year

MCA Filings & Documents of Apar Industries Limited

MCA Filings & Documents of Apar Industries Limited

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Incorporation documents, MoA & AoA
Annual returns (MGT-7) & financial statements (AOC-4)
Charge filings (CHG-1, CHG-4) & resolutions
Complete document index with filing dates

Recent Activity on Apar Industries Limited

Activity
05 Aug 2025
Apar Industries Limited last Annual general meeting of members was held on 05 Aug 2025 as per latest MCA records.
Charges
28 Jul 2025
A charge with Others of Rs. 8,750.00 Cr registered on 16 Jul 2018 with Charge ID 100189959 was modified on 28 Jul 2025.
Activity
31 Mar 2025
Apar Industries Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Charges
07 Jan 2025
A charge with Others amounted to Rs. 200.00 Cr with Charge ID 101039977 was registered on 07 Jan 2025.
Charges
09 May 2024
A charge with Sbicap Trustee Company Limited of Rs. 350.00 Cr registered on 09 Feb 2024 with Charge ID 100871907 was modified on 09 May 2024.
Charges
09 May 2024
A charge with Sbicap Trustee Company Limited of Rs. 199.80 Cr registered on 04 Nov 2020 with Charge ID 100389484 was modified on 09 May 2024.

Frequently Asked Questions about Apar Industries Limited

Apar Industries Limited is an active public limited company in the chemicals and materials sector based in Vadodara, Gujarat, India. It was incorporated on 28 September 1989 (37+ years old) and is registered under CIN L91110GJ1989PLC012802. Listed on BSE: 532259 and NSE: APARINDS. The company has 2,169 employees.

Apar Industries Limited reported revenue of ₹18,681 Cr for FY 2025 (up 15.00% YoY).

The current directors of Apar Industries Limited are:

The primary industry of Apar Industries Limited is chemicals and materials. The company specifically operates in petrochemicals and derivatives. The company is currently active in this sector.

Yes. Apar Industries Limited is listed on both BSE (code: 532259) and NSE (symbol: APARINDS).

Apar Industries Limited can be reached at the registered office: 301 Panorama Complex R C Dutt Road, Vadodara, Gujarat, India – 390007, or through the website apar.com.

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