- Total income
- ₹18,910 Cr
- Profit
- ₹821 Cr
About APAR
APAR is a publicly listed company based in Mumbai (India) founded in 1958 by Dharmsinh D Desai. Diversified conglomerate operating across multiple industries. The company has 9,740 employees. Its chief executive, as recorded, is Manish Agarwal. Its website apar.com draws about 72 thousand monthly visits. Its Indian entity Apar Industries Limited reported revenue of ₹22,967 Cr. APAR offers products and services including Speciality Oils and Conductors. Its focus areas include Conglomerates and Traditional Conglomerates.
Company details
Founded in 1958 and headquartered in Mumbai, India, the conglomerate is engaged in manufacturing bare overhead aluminum conductors, GS earth wires, and high-temperature low-sag conductors. Operations span four product lines, including transformer oils, white oils and liquid paraffins, industrial and automotive oils with lubricants, and process oils. Activities are conducted within the energy and industrial sectors globally.
APAR is ranked #150 on the Fortune India 500 (2025).
Recognitions & Rankings of APAR
- Valuation
- ₹41,000 Cr
- Market Cap₹59,467 Cr
APARINDS · NSE
- Share Price₹14,358.00
+1.11% today
- Revenue₹22,902 Cr
FY 2025-26 · +23.3% YoY
- EBITDA₹1,881 Cr
Margin 8.2%
- Net Profit₹1,003 Cr
FY 2025-26 · +23.1% YoY
- P/E (TTM)42.5x
P/B 7.0x
- ROE19.7%
ROCE 31.1%
- Debt / Equity0.16
Interest cover 27.6x
- Latest Funding Round$119.95M (USD), Post-IPO
Nov 2023
- InvestorsCLSA Capital Partners
& 1 more
- Employee Count9,740
Associated legal entities of APAR
APAR operates through Apar Industries Limited, a listed company (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2026) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Apar Industries Limited Listed CIN L91110GJ1989PLC012802 | Active | 28 Sep 1989 | Vadodara, Gujarat | ₹22,967 Cr | 2,169 | 9 | View details |
Products & Services of APAR
APAR offers a comprehensive portfolio of products and services, including Speciality Oils and Conductors.
Speciality oils are produced for transformer and industrial applications.
Aluminium and alloy conductors are manufactured for power transmission purposes.
Apps and channels of APAR
its YouTube channel APAR Industries Limited has 3.95K subscribers and 30 videos.
Videos from APAR
The most watched videos on APAR's YouTube channel, APAR Industries Limited (3.95K subscribers). Click a video to play it here.
More on APAR Industries Limited.
Funding Insights of APAR
- Total Rounds 3
- Last Round Post-IPO — $119.95M
- First Round $14.5M
(Oct 2005)
- Investors Count 2
All 3 funding rounds of APAR with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov 2023 | $119.95M | Post-IPO | – | – | – |
| May 2011 | $17.8M | Post-IPO | – | – | |
| Oct 2005 | $14.5M | Post-IPO | – | – |
2 investors in total: 2 institutional.
Investors in APAR
APAR has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include CLSA Capital Partners and Templeton Private Equity Partners.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Global private equity investments are managed by the firm. | templetonpe.com | Singapore, Singapore | ||
REIT firm | 1986 | clsacapital.com | Hong Kong, China |
Investor details for APAR
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Apar Industries Limited (APAR)
Apar Industries Limited is the primary company behind APAR. The board of Apar Industries Limited currently have 7 directors; the longest-serving is Kushal Narendra Desai, appointed in 2012. 15 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Kushal Narendra Desai DIN 00008084 | Managing Director | 01 Jan 2012 | 14 yrs 10 mo | Apar Industries Limited |
| Chaitanya Narendra Desai DIN 00008091 | Managing Director | 01 Jan 2012 | 14 yrs 10 mo | Apar Industries Limited |
| Rajesh Narayan Sehgal DIN 00048482 | Director | 24 Apr 2017 | 9 yrs 6 mo | Apar Industries Limited |
| Rishabh Kushal Desai DIN 08444660 | Whole-time director | 07 May 2019 | 7 yrs 6 mo | Apar Industries Limited |
| Kaushal Jaysingh Sampat DIN 01932997 | Director | 31 Jan 2022 | 4 yrs 9 mo | Apar Industries Limited |
| Nirupa Kiran Bhatt DIN 02006089 | Director | 26 Oct 2023 | 3 yrs | Apar Industries Limited |
| Pitamber Shivnani DIN 05187407 | Director | 29 Jan 2026 | 9 mo | Apar Industries Limited |
People of APAR
83 people are tracked at APAR (44 in leadership, 39 in team); the tracked headcount is 9,740.
| Name | Role | Group |
|---|---|---|
| Managing Director | Leadership | |
Dharmsinh D Desai | Founder | Leadership |
| Owner & Chairman & Managing Director | Leadership | |
Manish Agarwal | Co-CEO | Leadership |
Shashi Amin | Co-CEO | Leadership |
Suresh Krishnan | General Manager - Sales | Leadership |
Koustubha Khare | General Manager - Business Application Head | Leadership |
Suraj J. | Assistant General Manager -hr & Admn | Leadership |
Saurabh Rastogi | General Manager LDC North | Leadership |
Aarif Patel | Asst. General Manager (international Business) | Leadership |
Kanchan Mahawar | Human Resource Business Partner | Leadership |
Dr.tcsm Gupta | Senior Vice President-r&d, Quality And Technical | Leadership |
Rupak Saha | Deputy General Manager Procurement | Leadership |
| Director | Leadership | |
Siddharth Dhond | National Head - Marketing | Leadership |
Atul Mayekar | Sr. General Manager- Exports | Leadership |
Saurabh Mahajan | SVP & Global Sales Head - T&d And Rod Products | Leadership |
Parveen Kumar Sharma | Deputy General Manager | Leadership |
Pravin Wazurkar | Deputy General Manager | Leadership |
Ashish Goel | Sr. General Manager - B2b Sales & Business Development | Leadership |
63 more people are available in the full profile.
Complete people profiles for APAR
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
IPO & Listings of APAR
APAR is a publicly listed company on the NSE with ticker symbol APARINDS in India, operating in the Electronic technology sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
- IPO date12 Jul 2004
- Listed onNSE: APARINDS
- Listed entityAPAR Industries Limited
- Exchange sectorElectronic technology
- ISININE372A01015
- Share price₹17,920.00 (-0.47% on the day) · 2026-10-14
- Market capitalisation₹75,369 Cr
- Price to earnings61.1
- EPS (diluted, trailing year)₹293.45
- Dividend yield0.33%
- Volume (last session)85,067
Financials of APAR
Exchange-reported figures of Apar Industries Limited, the listed company behind APAR (NSE: APARINDS).
Financial Highlights
FY 2025-26 · ConsolidatedRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 22,902 | 18,581 | 16,153 | 14,336 | 9,317 | 6,388 | 7,425 |
| Revenue growth | +23.3% | +15.0% | +12.7% | +53.9% | +45.8% | -14.0% | - |
| EBITDA | 1,881 | 1,601 | 1,567 | 1,266 | 578 | 440 | 493 |
| EBITDA margin | +8.2% | +8.6% | +9.7% | +8.8% | +6.2% | +6.9% | +6.6% |
| Profit before tax | 1,310 | 1,106 | 1,106 | 855 | 342 | 208 | 169 |
| Net profit | 1,003 | 814 | 820 | 638 | 251 | 159 | 135 |
| Net profit margin | +4.4% | +4.4% | +5.1% | +4.5% | +2.7% | +2.5% | +1.8% |
| EPS (₹) | 243.20 | 204.46 | 205.40 | 166.64 | 67.08 | 41.94 | 35.31 |
| Balance sheet | |||||||
| Total assets | 6,373 | 5,113 | 4,380 | 2,634 | 2,090 | 1,736 | 1,557 |
| Net worth | 5,393 | 4,504 | 3,876 | 2,236 | 1,715 | 1,400 | 1,166 |
| Total debt | 956 | 585 | 476 | 376 | 359 | 325 | 372 |
| Cash & bank | 732 | 761 | 646 | 530 | 266 | 222 | 176 |
| Net working capital | 3,841 | 2,956 | 2,931 | 1,394 | 1,063 | 740 | 571 |
| Cash flow | |||||||
| Cash from operations | 968 | 1,291 | (283) | 698 | 244 | 281 | 94.17 |
| Cash from investing | (552) | (705) | (267) | (267) | (91.26) | (115) | 45.34 |
| Cash from financing | (434) | (483) | 635 | (186) | (106) | (123) | (189) |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 6,931 | 6,591 | 6,603 | 5,480 | 5,715 | 5,104 | 5,210 | 4,716 |
| Revenue growth (YoY) | +21.3% | +29.1% | +26.7% | +16.2% | +23.1% | +27.3% | - | - |
| Other income | 61.43 | 33.91 | 19.84 | 7.67 | 23.25 | 24.80 | 20.13 | 34.18 |
| EBITDA | 721 | 758 | 488 | 427 | 465 | 452 | 455 | 356 |
| EBITDA margin | +10.5% | +11.5% | +7.4% | +7.8% | +8.2% | +8.9% | +8.8% | +7.6% |
| Depreciation | 47.14 | 45.71 | 42.48 | 40.56 | 39.88 | 38.21 | 35.62 | 33.37 |
| Interest | 138 | 123 | 137 | 106 | 108 | 86.32 | 99.65 | 118 |
| Profit before tax | 597 | 623 | 329 | 288 | 341 | 353 | 340 | 238 |
| Tax | 150 | 155 | 75.48 | 79.15 | 88.83 | 89.61 | 90.06 | 63.56 |
| Net profit | 447 | 467 | 253 | 209 | 252 | 263 | 250 | 175 |
| EPS (₹) | 109.78 | 116.02 | 62.96 | 51.92 | 62.66 | 65.39 | 62.23 | 43.55 |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 21,997 | 17,552 | 15,109 | 13,153 | 8,592 | 5,961 | 7,060 |
| Revenue growth | +25.3% | +16.2% | +14.9% | +53.1% | +44.2% | -15.6% | - |
| EBITDA | 1,835 | 1,528 | 1,518 | 1,182 | 528 | 395 | 486 |
| EBITDA margin | +8.3% | +8.7% | +10.1% | +9.0% | +6.1% | +6.6% | +6.9% |
| Profit before tax | 1,302 | 1,073 | 1,099 | 810 | 316 | 185 | 172 |
| Net profit | 1,000 | 787 | 818 | 603 | 228 | 136 | 139 |
| Net profit margin | +4.6% | +4.5% | +5.4% | +4.6% | +2.7% | +2.3% | +2.0% |
| EPS (₹) | 242.45 | 197.58 | 204.95 | 157.48 | 61.04 | 35.75 | 36.32 |
| Balance sheet | |||||||
| Total assets | 6,105 | 4,855 | 4,144 | 2,405 | 1,893 | 1,554 | 1,363 |
| Net worth | 5,162 | 4,292 | 3,696 | 2,060 | 1,585 | 1,296 | 1,089 |
| Total debt | 909 | 540 | 421 | 325 | 293 | 246 | 256 |
| Cash & bank | 680 | 714 | 621 | 439 | 256 | 199 | 154 |
| Net working capital | 3,741 | 2,852 | 2,852 | 1,333 | 1,027 | 705 | 518 |
| Cash flow | |||||||
| Cash from operations | 933 | 1,238 | (235) | 577 | 218 | 226 | 105 |
| Cash from investing | (536) | (700) | (263) | (251) | (76.72) | (117) | 55.32 |
| Cash from financing | (419) | (457) | 650 | (161) | (82.43) | (67.52) | (202) |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 6,838 | 6,477 | 6,461 | 5,192 | 5,463 | 4,881 | 4,981 | 4,510 |
| Revenue growth (YoY) | +25.2% | +32.7% | +29.7% | +15.1% | +26.6% | +30.3% | - | - |
| Other income | 64.68 | 33.71 | 21.43 | 9.36 | 23.58 | 26.84 | 20.12 | 36.25 |
| Total expenses | 6,137 | 5,737 | 5,979 | 4,781 | 5,004 | 4,443 | 4,539 | 4,163 |
| EBITDA | 701 | 741 | 482 | 411 | 459 | 438 | 441 | 346 |
| EBITDA margin | +10.3% | +11.5% | +7.5% | +7.9% | +8.4% | +9.0% | +8.9% | +7.7% |
| Depreciation | 42.63 | 42.11 | 38.95 | 37.37 | 36.63 | 35.07 | 32.53 | 30.11 |
| Interest | 136 | 122 | 134 | 101 | 104 | 82.97 | 96.54 | 114 |
| Profit before tax | 587 | 611 | 331 | 282 | 342 | 347 | 332 | 239 |
| Tax | 152 | 158 | 76.64 | 74.07 | 87.80 | 89.18 | 88.22 | 62.52 |
Financial Statements
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 6,931 | 6,591 | 6,603 | 5,480 | 5,715 | 5,104 | 5,210 | 4,716 |
| Revenue growth (YoY) | +21.3% | +29.1% | +26.7% | +16.2% | +23.1% | +27.3% | - | - |
| Other income | 61.43 | 33.91 | 19.84 | 7.67 | 23.25 | 24.80 | 20.13 | 34.18 |
| EBITDA | 721 | 758 | 488 | 427 | 465 | 452 | 455 | 356 |
| EBITDA margin | +10.5% | +11.5% | +7.4% | +7.8% | +8.2% | +8.9% | +8.8% | +7.6% |
| Depreciation | 47.14 | 45.71 | 42.48 | 40.56 | 39.88 | 38.21 | 35.62 | 33.37 |
| Interest | 138 | 123 | 137 | 106 | 108 | 86.32 | 99.65 | 118 |
| Profit before tax | 597 | 623 | 329 | 288 | 341 | 353 | 340 | 238 |
| Tax | 150 | 155 | 75.48 | 79.15 | 88.83 | 89.61 | 90.06 | 63.56 |
| Net profit | 447 | 467 | 253 | 209 | 252 | 263 | 250 | 175 |
| EPS (₹) | 109.78 | 116.02 | 62.96 | 51.92 | 62.66 | 65.39 | 62.23 | 43.55 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 22,902 | 18,581 | 16,153 | 14,336 | 9,317 | 6,388 | 7,425 |
| Revenue growth | +23.3% | +15.0% | +12.7% | +53.9% | +45.8% | -14.0% | - |
| Other income | 64.85 | 80.62 | 86.43 | 37.47 | 32.61 | 18.61 | 17.99 |
| Total expenses | 21,022 | 16,981 | 14,586 | 13,071 | 8,739 | 5,948 | 6,933 |
| Employee cost | 428 | 338 | 289 | 220 | 172 | 160 | 169 |
| EBITDA | 1,881 | 1,601 | 1,567 | 1,266 | 578 | 440 | 493 |
| EBITDA margin | +8.2% | +8.6% | +9.7% | +8.8% | +6.2% | +6.9% | +6.6% |
| Depreciation | 161 | 132 | 116 | 104 | 97.84 | 93.44 | 87.12 |
| Interest | 474 | 443 | 432 | 344 | 171 | 157 | 254 |
| Profit before tax | 1,310 | 1,106 | 1,106 | 855 | 342 | 208 | 169 |
| Tax | 333 | 284 | 281 | 217 | 85.27 | 47.77 | 34.26 |
| Net profit | 1,003 | 814 | 820 | 638 | 251 | 159 | 135 |
| Net profit margin | +4.4% | +4.4% | +5.1% | +4.5% | +2.7% | +2.5% | +1.8% |
| EPS (₹) | 243.20 | 204.46 | 205.40 | 166.64 | 67.08 | 41.94 | 35.31 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 40.17 | 40.17 | 40.17 | 38.27 | 38.27 | 38.27 | 38.27 |
| Reserves & surplus | 5,353 | 4,463 | 3,836 | 2,198 | 1,677 | 1,361 | 1,128 |
| Shareholders' funds (net worth) | 5,393 | 4,504 | 3,876 | 2,236 | 1,715 | 1,400 | 1,166 |
| Minority interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Secured loans | 656 | 425 | 406 | 210 | 253 | 243 | 287 |
| Unsecured loans | 300 | 160 | 70.07 | 166 | 106 | 82.12 | 84.62 |
| Total debt | 956 | 585 | 476 | 376 | 359 | 325 | 372 |
| Total liabilities | 6,373 | 5,113 | 4,380 | 2,634 | 2,090 | 1,736 | 1,557 |
| Assets | |||||||
| Gross block | 2,585 | 2,294 | 1,837 | 1,490 | 1,326 | 1,236 | 1,153 |
| Net block | 1,717 | 1,540 | 1,193 | 950 | 881 | 878 | 885 |
| Capital work in progress | 540 | 130 | 122 | 99.31 | 38.49 | 28.71 | 54.71 |
| Investments | 55.48 | 219 | 10.76 | 54.28 | 30.52 | 60.40 | 0.00 |
| Inventories | 4,153 | 3,310 | 2,864 | 2,576 | 2,139 | 1,563 | 1,331 |
| Sundry debtors | 5,334 | 4,078 | 3,929 | 3,198 | 2,531 | 1,861 | 1,899 |
| Cash & bank balances | 732 | 761 | 646 | 530 | 266 | 222 | 176 |
| Loans & advances | 934 | 954 | 727 | 653 | 592 | 337 | 261 |
| Total current assets | 11,152 | 9,104 | 8,167 | 6,956 | 5,528 | 3,983 | 3,667 |
| Total current liabilities | 7,312 | 6,148 | 5,235 | 5,562 | 4,465 | 3,243 | 3,096 |
| Net working capital | 3,841 | 2,956 | 2,931 | 1,394 | 1,063 | 740 | 571 |
| Total assets | 6,373 | 5,113 | 4,380 | 2,634 | 2,090 | 1,736 | 1,557 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 687 | 584 | 499 | 253 | 207 | 164 | 213 |
| Net cash from operating activities | 968 | 1,291 | (283) | 698 | 244 | 281 | 94.17 |
| Net cash from investing activities | (552) | (705) | (267) | (267) | (91.26) | (115) | 45.34 |
| Net cash from financing activities | (434) | (483) | 635 | (186) | (106) | (123) | (189) |
| Net change in cash | (18.47) | 103 | 85.19 | 246 | 46.14 | 43.10 | (49.32) |
| Closing cash | 732 | 761 | 646 | 530 | 266 | 222 | 176 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +23.3% | +15.0% | +12.7% | +53.9% | +45.8% | -14.0% | - |
| EBITDA growth | +17.5% | +2.1% | +23.8% | +119.0% | +31.4% | -10.7% | - |
| PBT growth | +18.5% | -0.0% | +29.4% | +149.9% | +64.2% | +22.9% | -21.7% |
| Net income growth | +23.1% | -0.7% | +28.6% | +154.0% | +57.5% | +18.1% | - |
| Revenue CAGR (3Y) | +16.9% | +25.9% | +36.2% | +24.5% | +5.4% | +3.2% | +15.4% |
| EBITDA CAGR (3Y) | +14.1% | +40.4% | +52.7% | +37.0% | +5.6% | +1.1% | +4.4% |
| Profitability & leverage | |||||||
| Net income margin | +4.3% | +4.4% | +5.1% | +4.5% | +2.8% | +2.5% | +1.8% |
| Return on capital employed | +31.1% | +32.6% | +43.9% | +50.8% | +26.8% | +22.2% | +28.0% |
| Return on net worth | +19.7% | +19.6% | +27.0% | +32.3% | +16.5% | +12.5% | +11.4% |
| Debt / equity | 0.16 | 0.13 | 0.14 | 0.19 | 0.22 | 0.27 | 0.26 |
| Long-term debt / equity | 0.09 | 0.09 | 0.10 | 0.12 | 0.16 | 0.19 | 0.15 |
| Interest cover | 27.58 | 30.20 | 29.77 | 29.63 | 35.56 | 45.25 | 62.66 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 9.39 | 9.00 | 9.71 | 10.18 | 7.27 | 5.35 | 7.24 |
| Inventory turnover | 6.14 | 6.02 | 5.94 | 6.08 | 5.03 | 4.41 | 5.68 |
| Debtors turnover | 4.87 | 4.64 | 4.53 | 5.00 | 4.24 | 3.40 | 3.68 |
| EPS (₹) | 243.20 | 204.46 | 205.40 | 166.64 | 67.08 | 41.94 | 35.31 |
| Dividend per share (₹) | 60.00 | 51.00 | 51.00 | 40.00 | 15.00 | 9.50 | 9.50 |
| Book value per share (₹) | 1,342.64 | 1,121.12 | 965.01 | 584.37 | 448.19 | 365.70 | 304.79 |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 6,838 | 6,477 | 6,461 | 5,192 | 5,463 | 4,881 | 4,981 | 4,510 |
| Revenue growth (YoY) | +25.2% | +32.7% | +29.7% | +15.1% | +26.6% | +30.3% | - | - |
| Other income | 64.68 | 33.71 | 21.43 | 9.36 | 23.58 | 26.84 | 20.12 | 36.25 |
| Total expenses | 6,137 | 5,737 | 5,979 | 4,781 | 5,004 | 4,443 | 4,539 | 4,163 |
| EBITDA | 701 | 741 | 482 | 411 | 459 | 438 | 441 | 346 |
| EBITDA margin | +10.3% | +11.5% | +7.5% | +7.9% | +8.4% | +9.0% | +8.9% | +7.7% |
| Depreciation | 42.63 | 42.11 | 38.95 | 37.37 | 36.63 | 35.07 | 32.53 | 30.11 |
| Interest | 136 | 122 | 134 | 101 | 104 | 82.97 | 96.54 | 114 |
| Profit before tax | 587 | 611 | 331 | 282 | 342 | 347 | 332 | 239 |
| Tax | 152 | 158 | 76.64 | 74.07 | 87.80 | 89.18 | 88.22 | 62.52 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 21,997 | 17,552 | 15,109 | 13,153 | 8,592 | 5,961 | 7,060 |
| Revenue growth | +25.3% | +16.2% | +14.9% | +53.1% | +44.2% | -15.6% | - |
| Other income | 71.18 | 86.83 | 88.77 | 42.84 | 37.09 | 22.12 | 8.29 |
| Total expenses | 20,161 | 16,024 | 13,591 | 11,971 | 8,064 | 5,565 | 6,574 |
| Employee cost | 387 | 310 | 268 | 206 | 160 | 150 | 160 |
| EBITDA | 1,835 | 1,528 | 1,518 | 1,182 | 528 | 395 | 486 |
| EBITDA margin | +8.3% | +8.7% | +10.1% | +9.0% | +6.1% | +6.6% | +6.9% |
| Depreciation | 148 | 119 | 103 | 91.94 | 86.73 | 84.87 | 79.15 |
| Interest | 457 | 423 | 405 | 323 | 163 | 148 | 244 |
| Profit before tax | 1,302 | 1,073 | 1,099 | 810 | 316 | 185 | 172 |
| Tax | 328 | 279 | 276 | 207 | 82.00 | 47.88 | 32.69 |
| Net profit | 1,000 | 787 | 818 | 603 | 228 | 136 | 139 |
| Net profit margin | +4.6% | +4.5% | +5.4% | +4.6% | +2.7% | +2.3% | +2.0% |
| EPS (₹) | 242.45 | 197.58 | 204.95 | 157.48 | 61.04 | 35.75 | 36.32 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 40.17 | 40.17 | 40.17 | 38.27 | 38.27 | 38.27 | 38.27 |
| Reserves & surplus | 5,122 | 4,252 | 3,656 | 2,021 | 1,547 | 1,258 | 1,051 |
| Shareholders' funds (net worth) | 5,162 | 4,292 | 3,696 | 2,060 | 1,585 | 1,296 | 1,089 |
| Secured loans | 656 | 425 | 401 | 210 | 240 | 212 | 237 |
| Unsecured loans | 253 | 115 | 19.92 | 115 | 53.11 | 33.80 | 19.03 |
| Total debt | 909 | 540 | 421 | 325 | 293 | 246 | 256 |
| Total liabilities | 6,105 | 4,855 | 4,144 | 2,405 | 1,893 | 1,554 | 1,363 |
| Assets | |||||||
| Gross block | 2,345 | 2,072 | 1,617 | 1,276 | 1,134 | 1,058 | 987 |
| Net block | 1,573 | 1,401 | 1,043 | 793 | 732 | 733 | 742 |
| Capital work in progress | 513 | 125 | 122 | 99.31 | 37.16 | 28.71 | 54.71 |
| Investments | 54.31 | 216 | 9.95 | 55.57 | 31.67 | 61.67 | 0.28 |
| Inventories | 3,987 | 3,163 | 2,643 | 2,461 | 1,992 | 1,479 | 1,268 |
| Sundry debtors | 5,278 | 3,962 | 3,726 | 2,987 | 2,423 | 1,791 | 1,804 |
| Cash & bank balances | 680 | 714 | 621 | 439 | 256 | 199 | 154 |
| Loans & advances | 892 | 927 | 707 | 624 | 567 | 317 | 243 |
| Total current assets | 10,838 | 8,765 | 7,697 | 6,511 | 5,238 | 3,786 | 3,468 |
| Total current liabilities | 7,096 | 5,913 | 4,845 | 5,178 | 4,211 | 3,081 | 2,951 |
| Net working capital | 3,741 | 2,852 | 2,852 | 1,333 | 1,027 | 705 | 518 |
| Total assets | 6,105 | 4,855 | 4,144 | 2,405 | 1,893 | 1,554 | 1,363 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 640 | 559 | 408 | 243 | 183 | 141 | 195 |
| Net cash from operating activities | 933 | 1,238 | (235) | 577 | 218 | 226 | 105 |
| Net cash from investing activities | (536) | (700) | (263) | (251) | (76.72) | (117) | 55.32 |
| Net cash from financing activities | (419) | (457) | 650 | (161) | (82.43) | (67.52) | (202) |
| Net change in cash | (22.83) | 81.36 | 151 | 165 | 59.23 | 42.31 | (41.23) |
| Closing cash | 680 | 714 | 621 | 439 | 256 | 199 | 154 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +25.3% | +16.2% | +14.9% | +53.1% | +44.2% | -15.6% | - |
| EBITDA growth | +20.1% | +0.6% | +28.5% | +123.9% | +33.5% | -18.7% | - |
| PBT growth | +21.3% | -2.4% | +35.8% | +156.5% | +70.9% | +7.6% | -24.6% |
| Net income growth | +27.0% | -3.8% | +35.8% | +164.3% | +68.0% | -2.2% | - |
| Revenue CAGR (3Y) | +18.7% | +26.9% | +36.4% | +23.1% | +4.2% | +2.6% | +13.9% |
| EBITDA CAGR (3Y) | +15.8% | +42.5% | +56.6% | +34.5% | +2.7% | -1.3% | +3.7% |
| Profitability & leverage | |||||||
| Net income margin | +4.4% | +4.5% | +5.5% | +4.6% | +2.7% | +2.3% | +2.0% |
| Return on capital employed | +32.1% | +33.2% | +45.9% | +52.7% | +27.7% | +22.8% | +30.9% |
| Return on net worth | +20.6% | +19.9% | +28.6% | +33.1% | +16.2% | +11.5% | +12.6% |
| Debt / equity | 0.15 | 0.12 | 0.13 | 0.17 | 0.19 | 0.21 | 0.20 |
| Long-term debt / equity | 0.09 | 0.09 | 0.09 | 0.10 | 0.14 | 0.15 | 0.11 |
| Interest cover | 27.08 | 30.00 | 28.62 | 29.64 | 36.87 | 47.64 | 59.86 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 9.96 | 9.52 | 10.44 | 10.92 | 7.84 | 5.83 | 8.01 |
| Inventory turnover | 6.15 | 6.05 | 5.92 | 5.91 | 4.95 | 4.34 | 5.67 |
| Debtors turnover | 4.76 | 4.57 | 4.50 | 4.86 | 4.08 | 3.32 | 3.64 |
| EPS (₹) | 242.45 | 197.58 | 204.95 | 157.48 | 61.04 | 35.75 | 36.32 |
| Dividend per share (₹) | 60.00 | 51.00 | 51.00 | 40.00 | 15.00 | 9.50 | 9.50 |
| Book value per share (₹) | 1,285.00 | 1,068.43 | 920.02 | 538.15 | 414.19 | 338.67 | 284.55 |
Timeline of APAR
4 dated milestones of APAR across 65 years, from founding to its latest funding, stage changes and deals.
- Founded APAR is founded.
- IPO Lists on the stock exchange (IPO).
- Funding First funding round of $14.5M.
- Funding Latest funding round, Post-IPO, of $120.0M.
Web traffic of APAR
The website of APAR (apar.com) receives about 72K visits a month and ranks #375,977 among all websites worldwide, #4,560 in Chemical Industry.
- Monthly visits72K
▼ 21.3% vs previous month
- Unique visitors38.9K
per month
- Global rank#375,977
among all websites
- Category rank#4,560
Heavy Industry and Engineering · Chemical Industry
- Bounce rate39%
- Pages per visit2.9
- Average visit58 sec
- DevicesDesktop 29% · Mobile 71%
Websites whose visitors overlap most with APAR. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
wirecable.in | wirecable.in | 100% | #953,879 | – | |
kraiburg-tpe.com | kraiburg-tpe.com | 94% | #1,052,772 | – | |
industrystock.com | industrystock.com | 94% | #784,801 | – | |
| fuchs.com | 94% | 329.2K | #174,738 | View details | |
khetan-group.com | khetan-group.com | 76% | – | ||
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 20 similar websites and full traffic analytics for APAR
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- 20 similar websites
- Audience overlap
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Top companies in Metals & Minerals
3 companies that operate in the same segment as APAR (Metals & Minerals) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Manufacturer of pipes, plates & coils, and home textile products | 1985 | Mumbai, Maharashtra, India | USD 544.74 M | 6,934 | ||
Chemical and casting products are manufactured, with shipping operations managed. | 1962 | Chennai, Tamil Nadu, India | USD 576.61 M | USD 1.43 B | 180 | |
Diversified operations span automotive, agriculture, and financial services. | 1945 | Mumbai, Maharashtra, India | USD 45.15 M | USD 21.54 B | 78,760 |
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Related news about Apar
Complete news archive for APAR
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Frequently Asked Questions about APAR
APAR was founded in 1958 and raised its 1st funding round 47 years after it was founded.
APAR is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Manish Agarwal is the CEO of APAR, as recorded in our data.
APAR has 9,740 employees.
The primary company behind APAR, Apar Industries Limited, reported revenue of ₹22,967 Cr for FY 2026, up 23% year on year.
Founded in 1958 and headquartered in Mumbai, India, the conglomerate is engaged in manufacturing bare overhead aluminum conductors, GS earth wires, and high-temperature low-sag conductors. Operations span four product lines, including transformer oils, white oils and liquid paraffins, industrial and automotive oils with lubricants, and process oils. Activities are conducted within the energy and industrial sectors globally.
APAR offers Speciality Oils and Conductors.
Yes, APAR is publicly traded on NSE under the ticker symbol APARINDS.
APAR has 2 investors. Key investors include CLSA Capital Partners, and Templeton Private Equity Partners.
APAR operates through Apar Industries Limited.
The legal entities of APAR currently have 9 directors, including Rajesh Narayan Sehgal, Rishabh Kushal Desai, Kaushal Jaysingh Sampat and others.

