This electrical equipment manufacturer was trending today!

This electrical equipment manufacturer was trending today!

by 5paisa Research Team Last Updated: Dec 27, 2022 - 05:53 pm 5.7k Views
Listen icon

The stock surged 4% and closed at Rs 1724

On December 27, the market traded in the green. Both Sensex and NIFTY50 were up more than 0.6%. The S&P BSE Sensex closed trading at 60,927, while NIFTY50 closed at 18,132. Regarding sectoral performance, Metal was the top gainer, while FMCG and Healthcare were the top losers. Talking about stock-specific action, Apar Industries Ltd was among the top gainers in BSE group ‘A’. The stock was trading near an all-time high.

The shares of Apar Industries Ltd surged 4% and closed trading at Rs 1724. The stock opened at Rs 1678.7 and made an intraday high and low of Rs 1736 and Rs 1670.35, respectively. The company has a market capitalisation of Rs 6600 crore. The stock is trading at a PE multiple of 18.71x.

Apar Industries Ltd is a highly-trusted manufacturer and supplier of conductors, a wide variety of cables, speciality oils, polymers and lubricants. Established in 1958, it exports to over 140 countries, serving more than 10 industries. According to FY22, about 38.2% of the revenue comes from exports while 61.8% comes from the domestic market. 

It operates mainly into four segments- conductors, electrical, telecom and elastomer cables, speciality oils and lubricants (auto & industrial). Power Grid Corporation of India Limited, Adani Group and Mazagon Dock Shipbuilders are among the major clients of the company.

Q2FY23 remained the highest-ever quarter for the company in terms of both revenue and net profit generated. For Q2FY23, the company’s consolidated revenue jumped by 42% to Rs 3215 crore from Rs 2262 crore, reported in Q2FY22. While, for the same quarter, consolidated net profit YoY improved by more than 80%. As per the FY22 period ending, the company has an ROE and ROCE of 16.22% and 28.51%, respectively.

About the shareholding pattern, 60.64% of the company’s stake is owned by the promoters, 6.3% by FIIs, 16.76% by DIIs and the rest 16.3% by non-institutional investors.

Share Market Today

How do you rate this article?


Start Investing in 5 mins*

Rs. 20 Flat Per Order | 0% Brokerage


About the Author

Our research team is composed of some highly qualified research professionals, their expertise range across sectors.


Investment/Trading in securities Market is subject to market risk, past performance is not a guarantee of future performance. The risk of loss in trading and investment in Securities markets including Equites and Derivatives can be substantial.
Open Free Demat Account
Resend OTP
Please Enter OTP
Mobile No. belongs to

By proceeding, you agree to the T&C.

Latest News
Presstonic Engineering IPO GMP (Grey Market Premium)

Presstonic Engineering IPO opened for subscription on 11th December 2023 and closes for subscription on 13th December 2023. The stock of Presstonic Engineering IPO has a face value of ₹10 per share and it is a fixed price issue with the issue price already fixed at ₹72 per share.

India Shelter Finance IPO GMP (Grey Market Premium)

About the Shelter Finance Corporation IPO

What you must know about Shree OSFM E-Mobility IPO?

OSFM E-Mobility Ltd was incorporated in the year 2006 and the company was previous known as Om Sai Fleet Management (India) Private Ltd. The company is engaged in providing employee transportation services to large MNCs with a presence across major cities in India.