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.
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Email*****@*****.com
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Telephone+91-****-******
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Website
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Social Media
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Registered Address301 Panorama Complex R C Dutt Road, Vadodara, Gujarat, India – 390007
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IndustryChemicals and Materials, Petrochemicals & Derivatives
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
- PDF report delivered after checkout
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.
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.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nirupa Kiran Bhatt | Director | 26 Oct 2023 | 2 Years 8 Months | Current |
|
Kushal Narendra Desai
Also directs:
Kleem Ahobal Llp, Apar Corporation Private Limited, Apar Distribution & Logistics Private Limited and 5 more
|
Managing Director | 01 Jan 2012 | 14 Years 6 Months | Current |
|
Chaitanya Narendra Desai
Also directs:
Apar Corporation Private Limited, Apar Distribution & Logistics Private Limited, Catalis World Private Limited and 1 more
|
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
Also directs:
Equanimity Management Services Llp, Equanimity Global Ideas Llp, Indian Association Of Investment Professionals and 1 more
|
Director | 24 Apr 2017 | 9 Years 2 Months | Current |
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.
| 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 |
| 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 |
| 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 |
| 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 |
| 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 |
| 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 |
| 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 | - | - |
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.
| Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | |
|---|---|---|---|---|---|---|
| Promoters | 57.77% | 57.77% | 57.77% | 57.77% | 57.77% | 57.77% |
| Public | 42.23% | 42.23% | 42.23% | 42.23% | 42.23% | 42.23% |
| Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 57.77% | 57.77% | 57.77% | 60.64% | 60.57% | 60.46% | 59.69% | 58.55% | 57.96% | 57.96% | 58.21% |
| Public | 42.23% | 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.
| Director | Position | On board since | Listed 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 |
| Committee | Members |
|---|---|
| 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.
| 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
| Date | Lender | Amount | Status |
|---|---|---|---|
| 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 & EPFO Data of Apar Industries Limited
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GST Compliance of Apar Industries Limited
GSTIN & GST Filing Data of Apar Industries Limited
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Credit Ratings, Litigation & Regulatory Alerts for Apar Industries Limited
Credit Ratings, Legal Cases & Regulatory Alerts of Apar Industries Limited
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MSME Payment Delays by Apar Industries Limited
MSME Payment Delays by Apar Industries Limited
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Subsidiaries & Group Companies of Apar Industries Limited
Subsidiaries & Group Companies of Apar Industries Limited
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MCA Filings & Documents of Apar Industries Limited
MCA Filings & Documents of Apar Industries Limited
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Recent Activity on Apar Industries Limited
Recent News on Apar Industries Limited
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:
- Nirupa Kiran Bhatt
- Kushal Narendra Desai
- Chaitanya Narendra Desai
- Ramesh Seshan Iyer
- Rishabh Kushal Desai
- Kaushal Jaysingh Sampat
- Rajesh Narayan Sehgal
- Sanjaya R Kunder
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.