ALFA Finder| Revenue growth | FY26 revenue reached record ₹22,902 Cr, up 23.3% YoY. |
|---|---|
| Margins | Conductor EBITDA/MT guidance ₹35,000-₹36,000; Cable margins ~10.2%. |
| Order book | Conductor order book at ₹7,671 Cr; Cable pending orders ~₹1,800 Cr. |
| Demand visibility | Strong signals from U.S. utilities and Indian renewable energy expansion. |
| Management confidence | High confidence in U.S. market recovery and data center demand. |
Growth
FY26 Revenue up 23.3% to ₹22,902 Cr; PAT grew 19% to ₹977 Cr; EBITDA post-forex grew 23%.
Outlook
FY27 Capex planned at ₹1,500 Cr; Conductor margin guidance set at ₹35,000-₹36,000 per MT plus tailwinds.
Risks
High metal prices, increased freight costs due to Middle East conflict, and U.S. Section 232 tariffs on aluminum.
Last quarter's promises, checked
Delivered
- Guided Cable revenue growth 20%+ → delivered 25.8% (= BEAT)
- Guided Cable EBITDA margin 9.5-10% → delivered 10.2% (= BEAT)
- Guided Conductor EBITDA/MT ₹30,000+ → delivered ₹35,000-₹36,000 (= BEAT)
Partly delivered
- Guided FY26 Capex ₹1,400 Cr → delivered ₹1,500 Cr planned for FY27 (= PARTIAL)
Missed
- Guided FY26 Conductor volume growth 8-9% → delivered 8.6% (= DELIVERED/BEAT)
- Guided U.S. revenue equal to/greater than FY25 → delivered growth (= BEAT)
Earnings Call filed with BSE, NSE: APARINDS. Summary written with AI assistance from the document.
Apar Industries Ltd: key numbers
- Share price
- ₹14,625.00
- Market cap
- ₹61,242 Cr
- Revenue (annual)
- ₹22,902 Cr
- Net profit (annual)
- ₹976.9 Cr
- P/E (TTM)
- 44.5×Sector 44.3×
- Promoter holding
- 55.42%-2.34% QoQ
- FII holding
- 12.55%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from Apar Industries Ltd
All →Apar Industries Acquisition Worth ₹35.5 Cr
APAR's subsidiary PSPL will acquire a 70% stake in China-based Hebei Jinghuan Cable for Rs.35.50 Crore in cash. The non-operating, export-focused target expands APAR's aluminium conductor manufacturing footprint.
- Value
- ₹35.50 Cr
Apar Industries Acquisition
Apar's WOS PSPL acquires 70% of China's Hebei Jinghuan Cable for RMB 24.85 million in cash. The non-operating entity will export aluminium overhead conductors.
Apar Industries Other Announcement
APAR Industries' QIP monitoring agency reported no fund deviation for the quarter ended September 30, 2026. Utilisation matches the offer document, with ₹560.14 crore unutilised.
Apar Industries Capital Structure Change
APAR Industries will infuse up to USD 100 million in cash into wholly owned subsidiary PSPL during FY2026-27. The infusion is valued at Rs.952.40 Crore.
- Value
- ₹952.4 Cr
- Execution
- FY 2026-27, in single or multiple tranches
Apar Industries Management Change
APAR Industries re-appointed Mr. Kaushal J. Sampat as Non-Executive Independent Director for a second 5-year term from 31 January 2027. Subject to shareholder approval.
- Execution
- 60 months
Apar Industries Earnings Call Transcript: Key Takeaways
Apar delivered 77.8% PAT growth despite volume contraction in oils and conductors, aided by premiumization and margin expansion. A successful ₹2,500 Cr QIP significantly strengthened the balance sheet.
- Call
- Guides 25% growth