Shares of Apar Industries declined by over 2% in Thursday's session. The stock is among the top losers on the Nifty Midcap 150 index.
Financial OverviewApar Industries has demonstrated significant financial performance over the past few years. Here’s a summary of their consolidated financial results:
Consolidated Quarterly Results:| Heading | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 |
|---|---|---|---|---|---|
| Revenue | Rs 4,455.11 Crore | Rs 4,010.52 Crore | Rs 4,644.51 Crore | Rs 4,716.42 Crore | Rs 5,209.76 Crore |
| Net Profit | Rs 236.21 Crore | Rs 202.54 Crore | Rs 193.85 Crore | Rs 175.01 Crore | Rs 250.03 Crore |
| EPS | 60.97 | 50.42 | 48.27 | 43.55 | 62.23 |
In the past one year, revenue has increased from Rs 4,455.11 crore in March 2024 to Rs 5,209.76 crore in March 2025.
Consolidated Yearly Results:| Heading | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | Rs 6,388.02 Crore | Rs 9,319.99 Crore | Rs 14,352.15 Crore | Rs 16,152.98 Crore | Rs 18,581.21 Crore |
| Net Profit | Rs 160.50 Crore | Rs 256.61 Crore | Rs 637.74 Crore | Rs 825.72 Crore | Rs 821.42 Crore |
| EPS | 41.94 | 67.09 | 166.64 | 212.10 | 204.47 |
| BVPS | 368.23 | 448.19 | 584.37 | 965.01 | 1,121.12 |
| ROE | 11.38 | 14.96 | 28.51 | 21.28 | 18.23 |
| Debt to Equity | 0.15 | 0.15 | 0.14 | 0.10 | 0.10 |
The annual revenue has steadily increased from Rs 6,388.02 crore in 2021 to Rs 18,581.21 crore in 2025. Net profit has also risen significantly from Rs 160.50 crore in 2021 to Rs 821.42 crore in 2025. The debt-to-equity ratio has remained stable at 0.10 in 2025.
Consolidated Yearly Income Statement:| Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | |
|---|---|---|---|---|---|
| Sales | 18,581 | 16,152 | 14,352 | 9,319 | 6,388 |
| Other Income | 99 | 86 | 37 | 32 | 22 |
| Total Income | 18,680 | 16,239 | 14,389 | 9,352 | 6,410 |
| Total Expenditure | 17,165 | 14,746 | 13,229 | 8,869 | 6,065 |
| EBIT | 1,514 | 1,493 | 1,160 | 482 | 344 |
| Interest | 408 | 386 | 305 | 140 | 136 |
| Tax | 284 | 280 | 216 | 85 | 47 |
| Net Profit | 821 | 825 | 637 | 256 | 160 |
| Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 | |
|---|---|---|---|---|---|
| Sales | 5,209 | 4,716 | 4,644 | 4,010 | 4,455 |
| Other Income | 17 | 34 | 32 | 16 | 32 |
| Total Income | 5,226 | 4,750 | 4,677 | 4,026 | 4,487 |
| Total Expenditure | 4,787 | 4,393 | 4,320 | 3,666 | 4,065 |
| EBIT | 439 | 356 | 357 | 360 | 422 |
| Interest | 99 | 118 | 100 | 90 | 101 |
| Tax | 90 | 63 | 62 | 67 | 85 |
| Net Profit | 250 | 175 | 193 | 202 | 236 |
| Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | |
|---|---|---|---|---|---|
| Share Capital | 40 | 40 | 38 | 38 | 38 |
| Reserves & Surplus | 4,463 | 3,836 | 2,198 | 1,676 | 1,370 |
| Current Liabilities | 6,333 | 5,316 | 5,727 | 4,568 | 3,320 |
| Other Liabilities | 426 | 423 | 254 | 324 | 278 |
| Total Liabilities | 11,263 | 9,615 | 8,217 | 6,607 | 5,008 |
| Fixed Assets | 1,670 | 1,315 | 1,049 | 919 | 906 |
| Current Assets | 9,312 | 8,169 | 7,007 | 5,557 | 4,042 |
| Other Assets | 280 | 130 | 160 | 129 | 59 |
| Total Assets | 11,263 | 9,615 | 8,217 | 6,607 | 5,008 |
| Contingent Liabilities | 1,030 | 888 | 203 | 122 | 132 |
| Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | |
|---|---|---|---|---|---|
| Operating Activities | 1,290 | -283 | 698 | 243 | 323 |
| Investing Activities | -704 | -268 | -268 | -90 | -110 |
| Financing Activities | -482 | 635 | -184 | -106 | -167 |
| Others | 0 | 1 | 0 | 0 | 0 |
| Net Cash Flow | 102 | 85 | 245 | 46 | 45 |
| Ratio | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|
| Basic EPS (Rs.) | 204.47 | 212.10 | 166.64 | 67.09 | 41.94 |
| Diluted EPS (Rs.) | 204.47 | 212.10 | 166.64 | 67.09 | 41.94 |
| Book Value / Share (Rs.) | 1,121.12 | 965.01 | 584.37 | 448.19 | 368.23 |
| Dividend / Share (Rs.) | 51.00 | 51.00 | 40.00 | 15.00 | 9.50 |
| Face Value | 10 | 10 | 10 | 10 | 10 |
| Gross Profit Margin (%) | 8.86 | 9.95 | 8.80 | 6.22 | 6.85 |
| Operating Margin (%) | 8.15 | 9.24 | 8.08 | 5.17 | 5.38 |
| Net Profit Margin (%) | 4.42 | 5.11 | 4.44 | 2.75 | 2.51 |
| Return on Equity (%) | 18.23 | 21.28 | 28.51 | 14.96 | 11.38 |
| ROCE (%) | 30.72 | 34.72 | 46.58 | 23.65 | 20.39 |
| Return On Assets (%) | 7.29 | 8.58 | 7.76 | 3.88 | 3.20 |
| Current Ratio (X) | 1.47 | 1.54 | 1.22 | 1.22 | 1.22 |
| Quick Ratio (X) | 0.95 | 1.00 | 0.77 | 0.75 | 0.75 |
| Debt to Equity (x) | 0.10 | 0.10 | 0.14 | 0.15 | 0.15 |
| Interest Coverage Ratios (X) | 4.03 | 4.16 | 4.14 | 4.13 | 2.53 |
| Asset Turnover Ratio (%) | 1.78 | 1.81 | 1.85 | 1.54 | 127.53 |
| Inventory Turnover Ratio (X) | 4.82 | 4.62 | 4.36 | 3.85 | 4.09 |
| 3 Yr CAGR Sales (%) | 41.20 | 59.02 | 38.69 | 8.18 | 4.78 |
| 3 Yr CAGR Net Profit (%) | 78.91 | 126.82 | 117.23 | 37.33 | 5.30 |
| P/E (x) | 27.09 | 32.90 | 15.03 | 9.68 | 11.33 |
| P/B (x) | 4.94 | 7.24 | 4.28 | 1.45 | 1.29 |
| EV/EBITDA (x) | 13.33 | 17.30 | 7.40 | 4.27 | 4.13 |
| P/S (x) | 1.20 | 1.74 | 0.67 | 0.27 | 0.28 |
Apar Industries has consistently rewarded its investors with dividends. The company announced a final dividend of Rs 51 per share (510%) on May 14, 2025, with the ex-date as July 29, 2025. Prior to this, dividends of Rs 51 per share (510%) and Rs 40 per share (400%) were announced on May 14, 2024, and May 8, 2023, respectively.
The board meeting of Apar Industries is scheduled for July 29, 2025, to consider and approve the unaudited financial results for the quarter ending June 30, 2025, on both standalone and consolidated bases.
With the stock's last traded price at Rs 8,829.50, Apar Industries has seen a decline in today's session.
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