Apar Industries Limited

BSE: 532259 NSE: APARINDS
Apar Industries Limited - chemicals and materials in Vadodara, Gujarat, India. FY 2026 financials & 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 Fortune India 500 · #150 Nifty 500
Data last updated
Market Cap
₹61,607 Cr
APARINDS · NSE
Share Price
₹14,186.00
-3.58% 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)
54.7x
P/B 8.4x
ROE
19.7%
ROCE 31.1%
Debt / Equity
0.16
Interest cover 27.6x

About Apar Industries Limited

Data last updated:

Apar Industries Limited is a public limited company based in Vadodara, Gujarat, India. It operates in the petrochemicals and derivatives segment of the chemicals and materials sector. It was incorporated on 28 September 1989 and has been in existence for over 37 years.

Apar Industries is ranked #150 on the Fortune India 500 (2025). It is part of the Nifty 500 and BSE 500 indices. Its director Kushal Narendra Desai is #152 among India's richest people (2026). Its director Chaitanya Narendra Desai is #174 among India's richest people (2026).

The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN L91110GJ1989PLC012802. Its GSTIN is 24AAACG1840M1ZR (Gujarat). The company holds 40 GST registrations, of which 33 are active. It is a listed company as per MCA records. Its shares are listed on BSE: 532259 and NSE: APARINDS.

The company has an authorised share capital of ₹102 Cr and a paid-up capital of ₹40.17 Cr. It is led by directors including Kushal Narendra Desai (Managing Director) and Chaitanya Narendra Desai (Managing Director).

Its last annual general meeting (AGM) was held on 05 August 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at 301 Panorama Complex R C Dutt Road, Vadodara, Gujarat, India – 390007.

As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹22,902 Cr, a growth of 23.3% compared to the previous year. For the same year it recorded a net profit of ₹1,002.6 Cr (net margin 4.4%) and EBITDA of ₹1,880.57 Cr (EBITDA margin 8.2%). The net worth stands at ₹5,393.38 Cr (up 19.8% YoY). Total assets are valued at ₹6,373.43 Cr (up 24.7% YoY).

The company has about 2,169 employees on its provident fund (EPFO) records. Its group structure includes 2 subsidiaries.

The company is associated with 1 brand: APAR. As per MCA filings, the company has open charges of ₹10,825 Cr and satisfied charges of ₹19,063 Cr on record. Court records list 483 cases involving the company, including 364 filed by the company and 120 filed against it; 89 cases are pending. The company has 33 deals on record (25 market trades, 4 secondary share transfers, 2 funding rounds), with disclosed funding of ₹143.03 Cr; the latest was in November 2023. Its 4 peer companies in the Manufacturing industry (Petrochemicals, Power Cables), with the same principal business activity (coke and refined petroleum products) are compared by revenue, 4 larger; the largest is Hpcl-Mittal Energy Limited with revenue of ₹99,720 Cr. The company has 10 MSME Form 1 returns on record between 2019 and 2024, listing 1,168 overdue payments to 100 micro and small suppliers.

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

CIN L91110GJ1989PLC012802
Registration Number 012802
Incorporation Date 28 September 1989
ROC Ahmedabad
Listing Status Listed - Listed on NSE (APARINDS); Listed on BSE (532259)
Company Status Active
Date of Last AGM 05 August 2025
Date of Balance Sheet 31 March 2026
Compliance Status Active Compliant
Key People
Kushal Narendra Desai Managing Director Chaitanya Narendra Desai Managing Director Rishabh Kushal Desai Whole-Time Director

Recognitions & Rankings of Apar Industries

Fortune India 500 2025 edition
Rank#150
Total income
₹18,910 Cr
Profit
₹821 Cr
Last year #155
India's Most Valuable Companies 2024 edition · Source: Hurun India
Rank#153
Valuation
₹41,000 Cr
2023 #219
Stock market indices
Nifty 500 BSE 500

Contact details

Apar Industries Limited's registered office is in Vadodara, Gujarat. Its website is apar.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    apar.com
  • Social Media
  • Registered Address
    301 Panorama Complex R C Dutt Road, Vadodara, Gujarat, India – 390007
  • Industry
    Chemicals and Materials, Petrochemicals & Derivatives

To see the full contact details of Apar Industries Limited, buy the company report.

Comprehensive company report
Apar Industries Limited - one report that includes everything
  • Company details, directors and signatories
  • Historical financials and ratios
  • Shareholding pattern and group structure
  • Charges with holder and property details
  • Legal cases, compliance and MCA filings
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included

Brands

Apar Industries operates one associated brand: APAR. Each brand links to its own profile.

BrandDescriptionWebsite
APAR
Diversified conglomerate operating across multiple industriesapar.com

Business activity

The main business activity of Apar Industries is manufacturing. In detail, this covers coke and refined petroleum products, electrical equipment, general purpose and special purpose machinery & equipment, transport equipment and other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities. 3 activity segments are registered with the MCA.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
CManufacturingC5Coke and refined petroleum products
CManufacturingC10Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment
CManufacturingC13Other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities

To see the full business activity and turnover split of Apar Industries Limited, buy the company report.

Financials of Apar Industries Limited

FY 2025-26 filings available

Apar Industries Limited reported revenue of ₹22,902 Cr (up 23.3% YoY) for FY 2025-26.

Financial Highlights

FY 2025-26 · Consolidated
Revenue
₹22,902 Cr
+23.3% YoY
EBITDA
₹1,881 Cr
+17.5% YoY
Profit After Tax
₹1,003 Cr
+23.1% YoY
Net Worth
₹5,393 Cr
+19.8% YoY
Total Assets
₹6,373 Cr
+24.7% YoY
Total Debt
₹956 Cr
+63.4% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue22,90218,58116,15314,3369,3176,3887,425
Revenue growth+23.3%+15.0%+12.7%+53.9%+45.8%-14.0%-
EBITDA1,8811,6011,5671,266578440493
EBITDA margin+8.2%+8.6%+9.7%+8.8%+6.2%+6.9%+6.6%
Profit before tax1,3101,1061,106855342208169
Net profit1,003814820638251159135
Net profit margin+4.4%+4.4%+5.1%+4.5%+2.7%+2.5%+1.8%
EPS (₹)243.20204.46205.40166.6467.0841.9435.31
Balance sheet
Total assets6,3735,1134,3802,6342,0901,7361,557
Net worth5,3934,5043,8762,2361,7151,4001,166
Total debt956585476376359325372
Cash & bank732761646530266222176
Net working capital3,8412,9562,9311,3941,063740571
Cash flow
Cash from operations9681,291(283)69824428194.17
Cash from investing(552)(705)(267)(267)(91.26)(115)45.34
Cash from financing(434)(483)635(186)(106)(123)(189)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue6,5916,6035,4805,7155,1045,2104,7164,645
Revenue growth (YoY)+29.1%+26.7%+16.2%+23.1%+27.3%---
Other income33.9019.847.6723.2524.8020.1334.1832.81
EBITDA758488427465452455356357
EBITDA margin+11.5%+7.4%+7.8%+8.2%+8.9%+8.8%+7.6%+7.7%
Depreciation45.7142.4840.5639.8838.2135.6233.3732.06
Interest12313710610886.3299.65118101
Profit before tax623329288341353340238257
Tax15575.4879.1588.8389.6190.0663.5662.85
Net profit467253209252263250175194
EPS (₹)116.0262.9651.9262.6665.3962.2343.5548.27
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue21,99717,55215,10913,1538,5925,9617,060
Revenue growth+25.3%+16.2%+14.9%+53.1%+44.2%-15.6%-
EBITDA1,8351,5281,5181,182528395486
EBITDA margin+8.3%+8.7%+10.1%+9.0%+6.1%+6.6%+6.9%
Profit before tax1,3021,0731,099810316185172
Net profit1,000787818603228136139
Net profit margin+4.6%+4.5%+5.4%+4.6%+2.7%+2.3%+2.0%
EPS (₹)242.45197.58204.95157.4861.0435.7536.32
Balance sheet
Total assets6,1054,8554,1442,4051,8931,5541,363
Net worth5,1624,2923,6962,0601,5851,2961,089
Total debt909540421325293246256
Cash & bank680714621439256199154
Net working capital3,7412,8522,8521,3331,027705518
Cash flow
Cash from operations9331,238(235)577218226105
Cash from investing(536)(700)(263)(251)(76.72)(117)55.32
Cash from financing(419)(457)650(161)(82.43)(67.52)(202)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue6,4776,4615,1925,4634,8814,9814,5104,316
Revenue growth (YoY)+32.7%+29.7%+15.1%+26.6%+30.3%---
Other income33.7121.439.3623.5826.8420.1236.2534.82
Total expenses5,7375,9794,7815,0044,4434,5394,1633,987
EBITDA741482411459438441346329
EBITDA margin+11.5%+7.5%+7.9%+8.4%+9.0%+8.9%+7.7%+7.7%
Depreciation42.1138.9537.3736.6335.0732.5330.1128.89
Interest12213410110482.9796.5411495.13
Profit before tax611331282342347332239239
Tax15876.6474.0787.8089.1888.2262.5261.63

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 23 Oct 2026
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue6,5916,6035,4805,7155,1045,2104,7164,645
Revenue growth (YoY)+29.1%+26.7%+16.2%+23.1%+27.3%---
Other income33.9019.847.6723.2524.8020.1334.1832.81
EBITDA758488427465452455356357
EBITDA margin+11.5%+7.4%+7.8%+8.2%+8.9%+8.8%+7.6%+7.7%
Depreciation45.7142.4840.5639.8838.2135.6233.3732.06
Interest12313710610886.3299.65118101
Profit before tax623329288341353340238257
Tax15575.4879.1588.8389.6190.0663.5662.85
Net profit467253209252263250175194
EPS (₹)116.0262.9651.9262.6665.3962.2343.5548.27
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue22,90218,58116,15314,3369,3176,3887,425
Revenue growth+23.3%+15.0%+12.7%+53.9%+45.8%-14.0%-
Other income64.8580.6286.4337.4732.6118.6117.99
Total expenses21,02216,98114,58613,0718,7395,9486,933
Employee cost428338289220172160169
EBITDA1,8811,6011,5671,266578440493
EBITDA margin+8.2%+8.6%+9.7%+8.8%+6.2%+6.9%+6.6%
Depreciation16113211610497.8493.4487.12
Interest474443432344171157254
Profit before tax1,3101,1061,106855342208169
Tax33328428121785.2747.7734.26
Net profit1,003814820638251159135
Net profit margin+4.4%+4.4%+5.1%+4.5%+2.7%+2.5%+1.8%
EPS (₹)243.20204.46205.40166.6467.0841.9435.31
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital40.1740.1740.1738.2738.2738.2738.27
Reserves & surplus5,3534,4633,8362,1981,6771,3611,128
Shareholders' funds (net worth)5,3934,5043,8762,2361,7151,4001,166
Minority interest0.000.000.000.000.000.000.00
Secured loans656425406210253243287
Unsecured loans30016070.0716610682.1284.62
Total debt956585476376359325372
Total liabilities6,3735,1134,3802,6342,0901,7361,557
Assets
Gross block2,5852,2941,8371,4901,3261,2361,153
Net block1,7171,5401,193950881878885
Capital work in progress54013012299.3138.4928.7154.71
Investments55.4821910.7654.2830.5260.400.00
Inventories4,1533,3102,8642,5762,1391,5631,331
Sundry debtors5,3344,0783,9293,1982,5311,8611,899
Cash & bank balances732761646530266222176
Loans & advances934954727653592337261
Total current assets11,1529,1048,1676,9565,5283,9833,667
Total current liabilities7,3126,1485,2355,5624,4653,2433,096
Net working capital3,8412,9562,9311,3941,063740571
Total assets6,3735,1134,3802,6342,0901,7361,557
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash687584499253207164213
Net cash from operating activities9681,291(283)69824428194.17
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)10385.1924646.1443.10(49.32)
Closing cash732761646530266222176
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 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 / equity0.160.130.140.190.220.270.26
Long-term debt / equity0.090.090.100.120.160.190.15
Interest cover27.5830.2029.7729.6335.5645.2562.66
Efficiency & per share
Fixed asset turnover9.399.009.7110.187.275.357.24
Inventory turnover6.146.025.946.085.034.415.68
Debtors turnover4.874.644.535.004.243.403.68
EPS (₹)243.20204.46205.40166.6467.0841.9435.31
Dividend per share (₹)60.0051.0051.0040.0015.009.509.50
Book value per share (₹)1,342.641,121.12965.01584.37448.19365.70304.79
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue6,4776,4615,1925,4634,8814,9814,5104,316
Revenue growth (YoY)+32.7%+29.7%+15.1%+26.6%+30.3%---
Other income33.7121.439.3623.5826.8420.1236.2534.82
Total expenses5,7375,9794,7815,0044,4434,5394,1633,987
EBITDA741482411459438441346329
EBITDA margin+11.5%+7.5%+7.9%+8.4%+9.0%+8.9%+7.7%+7.7%
Depreciation42.1138.9537.3736.6335.0732.5330.1128.89
Interest12213410110482.9796.5411495.13
Profit before tax611331282342347332239239
Tax15876.6474.0787.8089.1888.2262.5261.63
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue21,99717,55215,10913,1538,5925,9617,060
Revenue growth+25.3%+16.2%+14.9%+53.1%+44.2%-15.6%-
Other income71.1886.8388.7742.8437.0922.128.29
Total expenses20,16116,02413,59111,9718,0645,5656,574
Employee cost387310268206160150160
EBITDA1,8351,5281,5181,182528395486
EBITDA margin+8.3%+8.7%+10.1%+9.0%+6.1%+6.6%+6.9%
Depreciation14811910391.9486.7384.8779.15
Interest457423405323163148244
Profit before tax1,3021,0731,099810316185172
Tax32827927620782.0047.8832.69
Net profit1,000787818603228136139
Net profit margin+4.6%+4.5%+5.4%+4.6%+2.7%+2.3%+2.0%
EPS (₹)242.45197.58204.95157.4861.0435.7536.32
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital40.1740.1740.1738.2738.2738.2738.27
Reserves & surplus5,1224,2523,6562,0211,5471,2581,051
Shareholders' funds (net worth)5,1624,2923,6962,0601,5851,2961,089
Secured loans656425401210240212237
Unsecured loans25311519.9211553.1133.8019.03
Total debt909540421325293246256
Total liabilities6,1054,8554,1442,4051,8931,5541,363
Assets
Gross block2,3452,0721,6171,2761,1341,058987
Net block1,5731,4011,043793732733742
Capital work in progress51312512299.3137.1628.7154.71
Investments54.312169.9555.5731.6761.670.28
Inventories3,9873,1632,6432,4611,9921,4791,268
Sundry debtors5,2783,9623,7262,9872,4231,7911,804
Cash & bank balances680714621439256199154
Loans & advances892927707624567317243
Total current assets10,8388,7657,6976,5115,2383,7863,468
Total current liabilities7,0965,9134,8455,1784,2113,0812,951
Net working capital3,7412,8522,8521,3331,027705518
Total assets6,1054,8554,1442,4051,8931,5541,363
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash640559408243183141195
Net cash from operating activities9331,238(235)577218226105
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)81.3615116559.2342.31(41.23)
Closing cash680714621439256199154
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 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 / equity0.150.120.130.170.190.210.20
Long-term debt / equity0.090.090.090.100.140.150.11
Interest cover27.0830.0028.6229.6436.8747.6459.86
Efficiency & per share
Fixed asset turnover9.969.5210.4410.927.845.838.01
Inventory turnover6.156.055.925.914.954.345.67
Debtors turnover4.764.574.504.864.083.323.64
EPS (₹)242.45197.58204.95157.4861.0435.7536.32
Dividend per share (₹)60.0051.0051.0040.0015.009.509.50
Book value per share (₹)1,285.001,068.43920.02538.15414.19338.67284.55

To see the full year-wise statements and ratios of Apar Industries Limited, buy the company report.

Board of directors of Apar Industries Limited

Apar Industries has 7 current directors and 15 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Rajesh Narayan Sehgal
Also directs: Equanimity Management Services LLP, Equanimity Global Ideas LLP, Indian Association of Investment Professionals and 1 more
Director24 Apr 20179 Years 5 MonthsCurrent
Rishabh Kushal DesaiWhole-Time Director07 May 20197 Years 5 MonthsCurrent
Kaushal Jaysingh Sampat
Also directs: Kusumgar Limited, Kusumgar Limited, Rubix Data Sciences Private Limited and 1 more
Director31 Jan 20224 Years 8 MonthsCurrent
Kushal Narendra Desai
Also directs: Kleem Ahobal LLP, Apar Corporation Private Limited, Apar Distribution & Logistics Private Limited and 5 more
Managing Director01 Jan 201214 Years 9 MonthsCurrent
Chaitanya Narendra Desai
Also directs: Apar Corporation Private Limited, Apar Distribution & Logistics Private Limited, Catalis World Private Limited and 1 more
Managing Director01 Jan 201214 Years 9 MonthsCurrent
Nirupa Kiran Bhatt
Also directs: Priority Jewels Limited, Priority Jewels Limited, The Gem & Jewellery Skill Council of India and 1 more
Director26 Oct 20232 Years 11 MonthsCurrent
Showing 6 of 7 current directors. View all directors

Peer comparison

Apar Industries Limited is compared with the 4 companies closest to it by revenue in the Manufacturing industry (Petrochemicals, Power Cables), with the same principal business activity (coke and refined petroleum products), from the latest filed financials of each company.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Hpcl-Mittal Energy Limited₹99,720 Cr (FY 2025)9.0%Bhatinda, Punjab, India
Chennai Petroleum Corporation Limited₹71,075 Cr (FY 2025)-10.0%Chennai, Tamil Nadu, India
Bharat Oman Refineries Ltd₹35,488 Cr (FY 2021)-16.0%Bina, Madhya Pradesh, India
Numaligarh Refinery Ltd₹25,405 Cr (FY 2025)7.0%Guwahati, Assam, India
Apar Industries Limitedthis company₹22,902 Cr (FY 2026)₹1,002.6 Cr4.4%23.3%2,169Vadodara, Gujarat, India

To see the full peer comparison of Apar Industries Limited, buy the company report.

Auditor

Apar Industries Limited is audited by C N K & Associates LLP for the financial year 2025.

Auditor firmFinancial yearFirm registration number
C N K & Associates LLPFY 2025101961W/W-100036

Shareholding

Shareholding for the quarter ended Sep 2026: promoters hold 57.80%, foreign institutional investors hold 10.80%, domestic institutional investors hold 23.00% and retail and other public shareholders hold 8.50%.

Promoters: 57.80%DII (Domestic Institutional): 23.00%FII (Foreign Institutional): 10.80%Retail & Others: 8.50%
Sep 2026
QUARTER
57.80% Promoters
23.00% DII (Domestic Institutional)
10.80% FII (Foreign Institutional)
8.50% Retail & Others
Promoter holding - history
Now 57.80% · Sep 2026High 57.80% · Dec 2025Low 57.80% · Dec 2025
56%56.8%57.5%58.3%59%Dec 2025Mar 2026Jun 2026Sep 2026Dec 2025: 57.80%Mar 2026: 57.80%Jun 2026: 57.80%Sep 2026: 57.80%57.80%57.80%
Shareholding trend - last 6 quarters
Sep 2026Jun 2026Mar 2026Dec 2025
Promoters57.80%57.80%57.80%57.80%
Public42.20%42.20%42.20%42.20%

Charges & borrowings

Open charges
₹10,825 Cr
Satisfied charges
₹19,063 Cr
Breakdown by lending institutions
Others₹10,275.00 Cr
Sbicap Trustee Company Limited₹549.80 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
27 Jan 2026101231733Others₹650 CrOpen
07 Jan 2025101039977Others₹200 CrOpen
09 Feb 2024100871907Sbicap Trustee Company Limited₹350 CrOpen
04 Nov 2020100389484Sbicap Trustee Company Limited₹199.8 CrOpen
29 Sep 2020100380351Others₹175 CrOpen

To see the full charge records of Apar Industries Limited, buy the company report.

Total charge records: 60 View all charges

Deals & funding

Apar Industries Limited has 33 deals on record (25 market trades, 4 secondary share transfers, 2 funding rounds), with disclosed funding of ₹143.03 Cr; the latest was in November 2023.

Total deals
33
Market trades
25
Secondary share transfers
4
Funding rounds
2
Buyback
1
Disclosed funding
₹143.03 Cr

Deals on record (5 of 33)

WhenDealAmountParties
Jun 2022Market trade₹67.27 CrBuyer: XTX Markets LLP , Graviton Research Capital LLP , an individual
Seller: XTX Markets LLP , Graviton Research Capital LLP
Jul 2021Market trade₹13.3 CrBuyer: Graviton Research Capital LLP
Seller: Graviton Research Capital LLP
Mar 2017Market trade₹257.04 CrBuyer: Reliance Mutual Fund - Reliance Small Cap Fund, L&T Mutual Fund- L&T India Prudence Fund, Gryffin Advisory Services Private Limited
Seller: Templeton Strategic Emerging Market Fund Iii Ldc
Nov 2014Market trade₹7.79 CrBuyer: Kedia Securities Pvt Ltd
May 2014Market trade₹14.98 CrBuyer: Icici Lombard General Insurance Company Limited
Seller: Shinny Limited

To see the full deal history of Apar Industries Limited, buy the company report.

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

Credit ratings & regulatory alerts

Apar Industries Limited was last rated by Care on 07 Oct 2021.

Rating agencyRated onRating
Care07 Oct 2021

To see the full credit ratings and regulatory alerts of Apar Industries Limited, buy the company report.

MSME payment delays

Apar Industries Limited has 10 MSME Form 1 returns on record between 2019 and 2024, listing 1,168 overdue payments to 100 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.

Suppliers with reported dues (5 of 100)

SupplierAmount dueDue sinceReported on
Mangal Chand Tubes Private Limited
Skyblue Logistics India Limited
an individual supplier
Alwar Paraffin and Allied Products Private Ltd
Pukhraj Engineering and Chemicals Private Limited

To see the full MSME payment records of Apar Industries Limited, buy the company report.

Individuals and sole proprietors among the suppliers are not named.

Group structure & subsidiaries

Apar Industries has 2 subsidiary companies and 2 associated companies. This group structure data is as of FY 2024. The table lists each entity with its relationship and holding.

2
Subsidiary companies
2
Associated companies
Key subsidiaries
Company NameCINShares held
Apar Distribution & Logistics Private Limited, Wholly Owned Subsidiary of the CompanyU60232MH2020PTC338425
Apar Transmission & Distribution Projects Private LimitedU74999GJ2016PTC093485

To see the full group structure of Apar Industries Limited, buy the company report.

Employees & EPFO

Apar Industries Limited has a workforce of 2,169 employees on its EPFO records as of Dec 02, 2025, across 11 active EPFO establishments.

Employee count
2,169
Active EPFO establishments
11
Employee growth
8.94%

GST

Apar Industries has 40 GST registrations: 33 active and 7 cancelled or inactive. The first 4 active GSTINs are listed below.

Total GSTINs
40
Active
33
Cancelled / inactive
7
GSTINStateStatusRegistered on
24AAACG1840M1ZRGujaratActive01 Jul 2017
24AAACG1840M2ZQGujaratActive26 Jul 2017
24AAACG1840M3ZPGujaratActive01 Jun 2025
03AAACG1840M1ZVPunjabActive01 Jul 2017

To see the full GST registrations and return filing status of Apar Industries Limited, buy the company report.

Recent activity

Apar Industries Limited has 33 board changes on record since 1989: 20 appointments and 13 cessations. The latest: Pitamber Shivnani was appointed as Director on 29 Jan 2026.

Filing
Apar Industries Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Ahmedabad.
Charges
A charge with Others of Rs. 650.00 Cr registered on 27 Jan 2026 with Charge ID 101231733 was modified on 06 Mar 2026.
Charges
A charge with Others of Rs. 9,250.00 Cr registered on 16 Jul 2018 with Charge ID 100189959 was modified on 30 Jan 2026.
Appointed
Pitamber Shivnani was appointed as Director.
Charges
A charge with Others amounted to Rs. 650.00 Cr with Charge ID 101231733 was registered on 27 Jan 2026.
AGM
Apar Industries Limited last Annual general meeting of members was held on 05 Aug 2025 as per latest MCA records.
Charges
A charge with Others amounted to Rs. 200.00 Cr with Charge ID 101039977 was registered on 07 Jan 2025.
Ceased
Nina Pradip Kapasi ceased to be Director.
Charges
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
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.
Charges
A charge with Sbicap Trustee Company Limited amounted to Rs. 350.00 Cr with Charge ID 100871907 was registered on 09 Feb 2024.
Charges
A charge registered on 12 Jun 2018 via Charge ID 100187862 with Others was fully satisfied on 19 Jan 2024.

167 earlier events are in the company report.

News

Frequently asked questions

Apar Industries is an active public limited company based in Vadodara, Gujarat, India. The company works in petrochemicals and derivatives, within the chemicals and materials industry. It was incorporated on 28 September 1989 (37+ years old) and is registered under CIN L91110GJ1989PLC012802. Listed on BSE: 532259 and NSE: APARINDS.

Apar Industries reported revenue of ₹22,902 Cr for FY 2025-26 (up 23.3% YoY) based on consolidated financials.

Apar Industries has 7 current directors:

The latest financial statements of Apar Industries on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 05 August 2025. Year-wise statements from 2015 are in the company report.

The GSTIN of Apar Industries is 24AAACG1840M1ZR, registered in Gujarat. The company has 40 GST registrations in all, of which 33 are active and 7 are cancelled or inactive. Other active GSTINs include 24AAACG1840M2ZQ (Gujarat), 24AAACG1840M3ZP (Gujarat), 03AAACG1840M1ZV (Punjab).

The CIN (Corporate Identification Number) of Apar Industries is L91110GJ1989PLC012802. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Yes. Apar Industries is a listed company as per MCA records. Its shares are listed on both BSE (code: 532259) and NSE (symbol: APARINDS).

Apar Industries has 483 court cases on record: 364 filed by the company and 120 filed against it. 89 are pending. Most are in the high courts.

Apar Industries was incorporated on 28 September 1989, making it 37+ years old. It is registered with the Registrar of Companies, Ahmedabad.

Apar Industries has 33 deals on record (25 market trades, 4 secondary share transfers, 2 funding rounds), with disclosed funding of ₹143.03 Cr; the latest was in November 2023.

The peers of Apar Industries by revenue are Hpcl-Mittal Energy Limited, Chennai Petroleum Corporation Limited, Bharat Oman Refineries Ltd, Numaligarh Refinery Ltd, all in the Manufacturing industry (Petrochemicals, Power Cables), with the same principal business activity (coke and refined petroleum products).

Pitamber Shivnani was appointed as Director on 29 Jan 2026. Nina Pradip Kapasi ceased to be Director on 29 May 2024. Nirupa Kiran Bhatt was appointed as Director on 26 Oct 2023. Apar Industries has 33 board changes on record in total.