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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
Apar Industries Limited (Apar) is an India-based manufacturer and supplier of conductors, a variety of cables, specialty oils, polymers, and lubricants. The Company’s segments include Conductor; Transformer & Specialties Oils; Power/Telecom Cables, and others. It provides…
Weekly engine runs — movement reflects the numbers, not analyst opinion.
A decent, steadily growing business, priced for perfection.
Apar Industries is scored on the commodity / cyclical framework. It keeps a slim 4.3% of every rupee of sales as net profit. Cash broadly tracks reported profit (CFO/PAT 0.99×). Free cash flow is worth about 0.7% of its market value.
Over the last 3 years revenue compounded at 17%/yr and profit at 15%/yr. Book value itself has compounded 34%/yr — the hallmark of a genuine compounder. Return on equity is a healthy 16.2%. In the latest quarter profit fell 4% versus the prior quarter.
At 58× earnings, the stock sits at the 90th percentile of its own 3.6-year range — the expensive end of where it has historically traded. Today's price already implies ~19%/yr earnings growth sustained for a decade — a demanding bar. The books come through clean — a forensic grade of A, and Altman puts distress risk in the safe zone.
A plain-English restatement of the figures on this page — rules-based, for education and research context, not investment advice or a recommendation.
| Ratio | Company | Sector | Read |
|---|---|---|---|
| P/E | 42.82 | 28.09 | worse |
| P/B | 6.92 | 6.18 | worse |
| EV/EBITDA | 25.88 | 18.03 | worse |
| ROE | 16.16 | 6.94 | better |
| ROCE | 24.51 | 11.6 | better |
| ROA | 8.45 | — | — |
| Quick Ratio | 0.91 | 1.61 | worse |
| Peer | P/E | P/B | ROE |
|---|---|---|---|
| BHEL | 50.7 | 5.5 | 10.8% |
| ABB India | 70.7 | 47.9 | 22.4% |
| CG Power | 89.3 | 13.9 | 15.7% |
Revenue has grown every year across all 4 financial years shown. 17% CAGR over 3 years — steady double-digit compounder. Growth is accelerating — latest year outpaced the prior year's rate.
Operating margins have been stable around 6% — no major structural shift.
ROE at 18% — a respectable return on shareholder capital. High ROE despite single-digit margins — an asset-turn play with high capital velocity. Capital efficiency declining — ROE down 10pp.
13% EPS CAGR — this is the rate at which each share's claim on earnings is compounding.
1 of 4 years had negative operating cash flow — profitability on paper may not translate to cash. Heavy investing spend every year, but operations generate enough to cover it — the business self-funds its growth. Financing outflows in consecutive years — balance-sheet discipline through debt repayment or dividends.
When operating cash keeps pace with reported profit, earnings are cash-backed; a persistent shortfall is a quality flag.
Revenue rose 6% sequentially — momentum is building. Run-rate stepping up — recent quarters average 12% above earlier ones.
Quarterly net margins are expanding (4% → 6%) — profitability per rupee of revenue is improving.
How today's P/E compares to the stock's own historical range. Dashed line = the 3.6y median.
Promoter holding at 55.4% — majority control intact. Promoters reduced 2.4pp over 4 quarters — watch whether this is planned divestment or pledge invocations. FIIs have accumulated for 3 straight quarters — sustained foreign institutional conviction.
Produced by a rules-based engine over licensed exchange fundamentals — every sentence above is derived from the numbers shown, no analyst or AI opinion involved. Education and research context, not investment advice. We are not SEBI-registered as an Investment Adviser or Research Analyst.