Apar Industries share price
NSE: APARINDSBSE: 532259Electrical EquipmentMid Cap
Last close ₹14,379.00down ₹334.00 (2.27%)BSE ₹14,355.15
Share price at the NSE close on 23 Oct 2026. Previous close ₹14,713.00.
52-week range of traded prices to 23 Oct 2026
₹6,801.00Low, 21 Jan 2026₹19,265.00High, 22 Sep 2026
- Next results date: the board meets on 29 Oct 2026 to consider: financial results.
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies.
- ₹60,208 Cr209th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. The filing of 24 Jul 2026
- 51.0
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. The filing of 28 May 2026
- 11.2
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 0.42%
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it. The filing of 24 Jul 2026
- 23.9%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet. The filing of 24 Jul 2026
- 31.9%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Mar 2026. The filing of 28 May 2026
- 0.16
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day.
- 1,92,89238.7% delivered
Results
Consolidated; ₹ crore, the charts by years to March, the table by quarter.Quarterly results
Quarter to Jun 2026, against the quarter beforeFiled 24 Jul
- RevenueRevenue. The pill is the change in revenue against the quarter before: this period's figure divided by that one's, less one, in per cent.
- ₹6,591 Crdown 0.18%
- Net profitNet profit. The pill is the change in net profit against the quarter before: this period's figure divided by that one's, less one, in per cent.
- ₹467 Crup 84.44%
- Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax.
- 7.1%
Revenue by year
Peak revenue ₹22,902 Cr, year to Mar 2026
Net profit by year, a loss in red
| ₹ crore | Sep 2024Filed 31 Oct | Dec 2024Filed 29 Jan | Mar 2025Filed 12 Jun | Jun 2025Filed 29 Jul | Sep 2025Filed 29 Oct | Dec 2025Filed 29 Jan | Mar 2026Filed 28 May | Jun 2026Filed 24 Jul |
|---|---|---|---|---|---|---|---|---|
| Revenue | 4,645 | 4,716 | 5,210 | 5,104 | 5,715 | 5,480 | 6,603 | 6,591 |
| Net profit | 194 | 175 | 250 | 263 | 252 | 209 | 253 | 467 |
| Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax. | 4.2% | 3.7% | 4.8% | 5.2% | 4.4% | 3.8% | 3.8% | 7.1% |
Consolidated. The last eight quarters. The latest is shaded. Net profit is the whole group's, the other owners of its subsidiaries included; P/E and ROE use the company's own share.
Business segments
Share of revenue, year to Mar 2026, consolidated.Segment revenue and profit
- ConductorConductor, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹12,712 Crup 32.66%51.9%
- Power / Telecom cablesPower / Telecom cables, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹6,220 Crup 25.78%25.4%
- Transformer and speciality oilsTransformer and speciality oils, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹5,373 Crup 5.64%21.9%
- OthersOthers, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹196 Cr0.8%
The pill is the change in revenue on the year before; the share is of all the businesses together.
Valuation
Today, against the company's own history.PE ratio and valuation history
Price to earningsPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit.
At or below today's level on 95% of 2,480 trading days over the last 10 years.
LowestHighest
Its median17.6Industry median21.3
Price to bookPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet.
At or below today's level on 95% of 1,974 trading days since Nov 2018.
LowestHighest
Its median3.2Industry median3.1
EV to EBITDAEnterprise value to EBITDA. Market cap plus borrowings less cash and bank balances, divided by operating profit before depreciation (revenue less operating expenses, without other income and one-off items) over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly): what the whole business costs against the profit its operations make. Lease liabilities are not counted: the results filings do not state them.27.9
At or below today's level on 95% of 1,974 trading days since Nov 2018.
LowestHighest
Its median7.9Industry median15.9
Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price. When a year's dividend goes ex later than the year before's, the yield reads zero for the days between; a run of under 60 such trading days is left out of the yield's medians and percentiles. The ex-date is the day from which a buyer of the share no longer gets the dividend.
At or below today's level on 12% of 2,438 trading days over the last 10 years.
LowestHighest
Its median1.04%Industry median0.25%
Where the return came from
Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.
| Over | Return a year | Earnings growth | Change in P/E | Dividend yield |
|---|---|---|---|---|
| 1 year | +79.0% | +18.9% | +49.9% | 0.6% |
| 3 years | +58.8% | +13.4% | +39.3% | 0.8% |
| 5 years | +84.7% | +42.1% | +29.1% | 1.2% |
Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add.
Mutual funds holding it
201 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 82 of the 124 funds that added or cut are index funds, ETFs or arbitrage funds: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future. 1 more fund filed its first portfolio on record, holding it.Mutual fund holdings
- Bought for the first timeBought for the first time. Funds that held it at the month's end and had not held it in any month on record before.
- 4
- AddedAdded. Funds that held more shares than at the end of the month before.
- 92
- CutCut. Funds that held fewer shares than at the end of the month before.
- 32
- Held unchangedHeld unchanged. Funds that held the same number of shares as at the end of the month before.
- 72
- Sold outSold out. Funds that held it at the end of the month before and hold none at this month's end.
- 3
| Fund | |||
|---|---|---|---|
 Nippon India Small Cap FundNippon India Mutual Fund | 8,08,204 | 1.74% | ₹1,405.0 Cr |
 Axis Midcap FundAxis Mutual Fund | 5,47,073 | 2.84% | ₹951.0 Cr |
 Kotak Mid Cap FundKotak Mahindra Mutual Fund | 5,13,448 | 1.34% | ₹892.6 Cr |
 Motilal Oswal Large and Midcap FundMotilal Oswal Mutual Fund | 4,59,136 | 4.02% | ₹798.2 Cr |
 HDFC Small Cap FundHDFC Mutual Fund | 4,50,044 | 1.92% | ₹782.4 Cr |
| HDFC Balanced Advantage FundHDFC Mutual Fund | 3,80,000 | 0.64% | ₹660.6 Cr |
| Axis Flexi Cap FundAxis Mutual Fund | 3,19,466 | 4.19% | ₹555.4 Cr |
 HSBC Midcap FundHSBC Mutual Fund | 3,05,065 | 3.16% | ₹530.3 Cr |
 ICICI Prudential Multi Cap FundICICI Prudential Mutual Fund | 3,00,451 | 2.79% | ₹522.3 Cr |
| Axis Focused FundAxis Mutual Fund | 2,95,471 | 4.90% | ₹513.6 Cr |
Portfolios disclosed for Sep 2026. Weight is the holding as a share of the fund's assets.
Peers and competitors
Other Electrical Equipment, 84 listed companies, priced on 23 Oct 2026. The table lists the 8 companies closest to Apar Industries in market cap.
Where the company sits among the companies nearest its size
| Company | |||||||||
|---|---|---|---|---|---|---|---|---|---|
 Waaree EnergiesWAAREEENER | 67,739 | – | 4.7 | 10.0 | +94.3% | – | – | 29.8% | 0.17% |
 Premier EnergiesPREMIERENE | 38,736 | 23.3 | 9.0 | 15.8 | +26.7% | – | 46.7% | 27.2% | 0.09% |
 Mtar TechnologiesMTARTECH | 19,871 | 148.9 | 24.2 | 88.7 | +53.4% | +125.1% | 17.2% | 16.1% | 0.00% |
 Diamond Power InfrastructureDIACABS | 18,842 | 95.9 | – | – | +92.6% | +416.5% | – | 12.2% | 0.00% |
 Emmvee Photovoltaic PowerEMMVEE | 16,336 | 11.5 | 3.7 | 8.1 | – | – | 53.1% | 33.4% | 0.42% |
 Avalon TechnologiesAVALON | 12,417 | 92.9 | 17.2 | 62.2 | +44.4% | +67.1% | 20.0% | 18.5% | 0.00% |
 Fujiyama Power SystemsUTLSOLAR | 11,111 | 37.8 | 8.7 | 17.9 | – | – | 23.1% | 33.3% | 0.00% |
 Genus Power InfrastructuresGENUSPOWER | 7,886 | 12.1 | 3.6 | 9.7 | +74.2% | +62.8% | 31.9% | 20.1% | 0.19% |
Market cap in ₹ crore. Growth is the last twelve months against the twelve before. A figure is left empty where it would rest on a loss or the company has under a year of results on record. ROE is the shareholders' profit over their net worth. ROCE is profit before interest and tax over the whole group's net worth plus borrowings, as in the figures at the top of the page.
Dividends
Per share, by the year it was paid for, and the latest payments.Dividend history and dates
Dividend per share, ₹, restated for later splits and bonuses
Dividend per share. The dividends declared for the year, each restated to today's share count by the splits and bonuses after its own ex-date, added up.Highest ₹60.00 a share, year to Mar 2026.
| Ex-date | Type | Per share |
|---|---|---|
| 11 Sep 2026 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. | ₹60.00 |
| 29 Jul 2025 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. | ₹51.00 |
| 20 Aug 2024 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. | ₹51.00 |
| 4 Aug 2023 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. | ₹40.00 |
| 4 Aug 2022 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. | ₹15.00 |
| 5 Aug 2021 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. | ₹9.50 |
Latest payments, as declared, by ex-date.
Latest announcements
Routine notices left out.Share news and announcements
Oct 2026
21 Oct · Analysts
Sep 2026
24 Sep · General Updates
21 Sep · Updates
Apar Industries share price by year
Each calendar year to 2025.Apar Industries share price history
| Year | Close at year end | Change | Highest close | Lowest close |
|---|---|---|---|---|
| 2025 | 8,367.50 | −18.9% | 11,666.00 | 4,817.30 |
| 2024 | 10,317.60 | +70.4% | 10,956.15 | 5,310.75 |
| 2023 | 6,053.40 | +237.6% | 6,053.40 | 1,405.70 |
| 2022 | 1,793.10 | +129.9% | 1,793.10 | 590.55 |
| 2021 | 779.90 | +123.5% | 821.55 | 347.55 |
| 2020 | 349.00 | −10.5% | 443.25 | 244.90 |
| 2019 | 389.80 | −41.0% | 694.60 | 387.10 |
| 2018 | 660.25 | −18.5% | 862.20 | 541.40 |
| 2017 | 810.05 | +40.9% | 888.45 | 581.80 |
| 2016 | 574.90 | +12.8% | 597.30 | 416.10 |
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before.
Recent sessions
The last 10 trading days to 23 Oct 2026, as traded on NSE.
| Date | Open | High | Low | Close | Average price | Volume | Delivery |
|---|---|---|---|---|---|---|---|
| 23 Oct 2026 | 14,770.00 | 14,791.00 | 13,902.00 | 14,379.00 | 14,258.08 | 1,92,892 | 38.7% |
| 22 Oct 2026 | 15,122.00 | 15,288.00 | 14,615.00 | 14,713.00 | 14,878.63 | 1,44,762 | 43.7% |
| 21 Oct 2026 | 15,897.00 | 16,037.00 | 14,882.00 | 15,122.00 | 15,191.21 | 3,13,612 | 46.3% |
| 19 Oct 2026 | 16,040.00 | 16,147.00 | 15,601.00 | 15,737.00 | 15,803.02 | 1,52,027 | 40.9% |
| 16 Oct 2026 | 17,000.00 | 17,183.00 | 15,945.00 | 16,033.00 | 16,431.20 | 1,86,349 | 45.1% |
| 15 Oct 2026 | 17,750.00 | 17,973.00 | 16,760.00 | 16,914.00 | 17,237.41 | 1,56,308 | 46.4% |
| 14 Oct 2026 | 18,080.00 | 18,142.00 | 17,830.00 | 17,920.00 | 17,991.95 | 85,091 | 52.4% |
| 13 Oct 2026 | 18,205.00 | 18,288.00 | 17,930.00 | 18,005.00 | 18,054.96 | 60,243 | 39.6% |
| 12 Oct 2026 | 18,150.00 | 18,284.00 | 17,862.00 | 18,100.00 | 18,057.94 | 1,02,420 | 53.3% |
| 9 Oct 2026 | 17,940.00 | 18,241.00 | 17,815.00 | 17,984.00 | 17,992.86 | 99,015 | 38.5% |
Prices in ₹ per share as traded, not adjusted.
Price adjustments
What the price chart is corrected for, so it reads as one share held throughout.Bonus share history
| Ex-date | Event | Price factor | What happened |
|---|---|---|---|
| 11 Jan 2007 | Bonus | 0.7500 | Holders received 1 bonus share for every 3 held. |
Earlier prices are multiplied by the factor, so the chart reads as one share held throughout.
About Apar Industries
APAR Industries Limited makes conductors, cables, transformer oils and related products for the generation, transmission and distribution of electricity. It describes itself as a global energy infrastructure solutions provider, with customers in more than 140 countries.
The business is organised into three core businesses and four diversified businesses. The core businesses are cables, conductors and speciality oils. The diversified businesses are lubricants, speciality automotive products, telecom solutions and polymers.
The company has ten manufacturing facilities across India and one in Sharjah, UAE. In Gujarat, it has cable plants at Khatalwada and Umbergaon and a polymer plant at Umbergaon. Its oil plant at Rabale is in Maharashtra, and its conductor plants at Jharsuguda and Sambalpur are in Odisha. In Dadra and Nagar Haveli, it has an oil plant and conductor plants at Silvassa. The Sharjah plant belongs to APAR Petroleum Specialities FZE, a wholly owned subsidiary, and blends transformer oils and white oils. In Europe, the company has a joint venture with CSS International, supported by storage tanks and a distribution network.
It was incorporated in 1989. Its corporate office is in Chembur, Mumbai, and its registered office is in Vadodara, Gujarat.
Kushal Desai, chairman and managing director, and Chaitanya Desai, managing director, are promoters of the company. A promoter is the person or group that set up a company or controls it.
- Legal name
- Apar Industries Limited
- NSE symbol
- APARINDS
- BSE code
- 532259
- ISIN
- INE372A01015
- Industry
- Electrical Equipment
- Listed
- Apr 1991 on BSE, Jul 2004 on NSE
- Face value
- ₹10
- CIN
- L91110GJ1989PLC012802
- Corporate identity number, the registrar of companies' code for it
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