Apar Key Ratios

Stock Card

NSE: APARINDS | BSE: 532259

₹14,379.00

₹-334.00 (-2.27%)

As on 23-Oct-2026IST

Market cap

₹60,108 Cr

Revenue (TTM)

₹24,389 Cr

P/E Ratio

50.9

P/B Ratio

7.2

Div. Yield

0.4 %

Key Ratios and Highlights

Growth Score (%)	Quarterly		Annual (TTM)
Particulars	QoQ	YoY	1-Year	3-Years	5-Years
Revenue	-0.18	29.13	23.96	17.52	28.69
EBIT	57.00	71.93	34.39	17.32	36.71
Net Profit	80.31	77.80	36.72	19.15	37.43
EPS	84.44	77.80	34.01	16.46	35.56
Book Value	--	--	19.14	31.70	29.56

Key Ratios (%)	Average		Annual (TTM)
Particulars	3-Years	5-Years	TTM	Mar-26	Mar-25
EBIT-Margin	8.40	7.43	8.16	7.64	7.90
Net Margin	4.78	4.18	4.82	4.25	4.40
Return on equity	23.05	23.03	23.53	19.81	19.61
Return on Capital	37.66	38.21	--	31.84	33.47
Return on Assets	8.69	7.59	9.46	7.82	7.87
Debt to Equity (x)	--	--	0.08	0.16	0.10

Profitability

View Detailed Peer Comparison

ROCE

Earning before interest and taxes / (Average net worth + Average total Debt) * 100

Company Name	TTM	Mar-26	Mar-25	Mar-24	Mar-23	Mar-22	Mar-21	Mar-20	Mar-19	Mar-18	Mar-17
Apar	--	31.84	33.47	45.08	52.72	27.94
Peer Median	--	21.42	21.88	--	14.57	12.15

*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.

ROE

23.53

Higher than Peers by 10.50

Profit after tax / Average Net worth * 100

Company Name	TTM	Mar-26	Mar-25	Mar-24	Mar-23	Mar-22	Mar-21	Mar-20	Mar-19	Mar-18	Mar-17
Apar	23.53	19.81	19.61	27.00	32.28	16.48
Peer Median	13.03	19.81	15.89	--	10.38	8.87

*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.

ROA

9.46

Higher than Peers by 2.19

Profit after tax / Average Total assets * 100

Company Name	TTM	Mar-26	Mar-25	Mar-24	Mar-23	Mar-22	Mar-21	Mar-20	Mar-19	Mar-18	Mar-17
Apar	9.46	7.82	7.87	9.25	8.60	4.42
Peer Median	7.26	7.08	6.77	--	4.37	3.52

*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.

EBIT Margin

8.16

Lower than Peers by 0.45

Operating profit (EBIT) / Net Sales * 100

Company Name	TTM	Mar-26	Mar-25	Mar-24	Mar-23	Mar-22	Mar-21	Mar-20	Mar-19	Mar-18	Mar-17
Apar	8.16	7.64	7.90	9.00	7.92	4.67
Peer Median	8.61	8.17	8.38	--	6.14	7.10

*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.

Net Margin

4.82

Lower than Peers by 0.16

Net profit / Total Income (Net sales plus other income) * 100

Company Name	TTM	Mar-26	Mar-25	Mar-24	Mar-23	Mar-22	Mar-21	Mar-20	Mar-19	Mar-18	Mar-17
Apar	4.82	4.25	4.40	5.08	4.43	2.73
Peer Median	4.99	8.87	5.08	--	4.70	4.20

*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.

Cash Profit Margin

(Net profit + Depreciation) / Gross Sales * 100

Company Name	TTM	Mar-26	Mar-25	Mar-24	Mar-23	Mar-22	Mar-21	Mar-20	Mar-19	Mar-18	Mar-17
Apar	--	4.96	5.12	5.80	5.16	3.81
Peer Median	--	--	--	--	--	--

*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.

Growth

View Detailed Peer Comparison

Revenue Growth

23.96

Higher than Peers by 11.89

Year on year growth in net sales

Company Name	TTM	Mar-26	Mar-25	Mar-24	Mar-23	Mar-22	Mar-21	Mar-20	Mar-19	Mar-18	Mar-17
Apar	23.96	23.25	15.03	12.67	53.88	45.84
Peer Median	12.07	15.71	8.98	--	22.35	14.35

*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.

EBIT Growth

34.39

Higher than Peers by 19.76

Year on year growth in operating profit (EBIT)

Company Name	TTM	Mar-26	Mar-25	Mar-24	Mar-23	Mar-22	Mar-21	Mar-20	Mar-19	Mar-18	Mar-17
Apar	34.39	19.24	0.94	28.10	161.03	29.79
Peer Median	14.63	10.44	10.05	--	33.27	46.55

*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.

Net Profit Growth

36.72

Higher than Peers by 17.13

Year on year growth in profit after tax

Company Name	TTM	Mar-26	Mar-25	Mar-24	Mar-23	Mar-22	Mar-21	Mar-20	Mar-19	Mar-18	Mar-17
Apar	36.72	18.95	-0.46	29.38	148.40	59.96
Peer Median	19.59	12.82	38.53	--	28.85	23.99

*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.

EPS Growth

34.01

Higher than Peers by 18.53

Year on year growth in earnings per share

Company Name	TTM	Mar-26	Mar-25	Mar-24	Mar-23	Mar-22	Mar-21	Mar-20	Mar-19	Mar-18	Mar-17
Apar	34.01	18.95	-0.46	23.26	148.40	59.96
Peer Median	15.48	-1.20	13.54	--	28.90	23.99

*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.

Book Value Growth

Year on year growth in book value per share

Company Name	TTM	Mar-26	Mar-25	Mar-24	Mar-23	Mar-22	Mar-21	Mar-20	Mar-19	Mar-18	Mar-17
Apar	--	19.14	16.12	73.33	30.38	22.56
Peer Median

*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.

Solvency

View Detailed Peer Comparison

Debt to Equity

0.08

Higher than Peers by 0.02

Total debt / Net worth

Company Name	TTM	Mar-26	Mar-25	Mar-24	Mar-23	Mar-22	Mar-21	Mar-20	Mar-19	Mar-18	Mar-17
Apar	0.08	0.16	0.10	0.10	0.14	0.17
Peer Median	0.06	0.16	0.10	--	0.15	0.19

*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.

Short term debt to equity ratio

(Short term borrowings / Net worth)

Company Name	TTM	Mar-26	Mar-25	Mar-24	Mar-23	Mar-22	Mar-21	Mar-20	Mar-19	Mar-18	Mar-17
Apar	--	0.06	0.01	0.00	0.04	0.02
Peer Median

*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.

Current Ratio

1.45

Lower than Peers by 0.02

Current Assets / Current Liabilities and Provisions

Company Name	TTM	Mar-26	Mar-25	Mar-24	Mar-23	Mar-22	Mar-21	Mar-20	Mar-19	Mar-18	Mar-17
Apar	1.45	1.45	1.47	1.54	1.22	1.22
Peer Median	1.47	1.45	1.54	--	1.36	1.46

*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.

Quick Ratio

0.91

Lower than Peers by 0.19

(Current Assets - Inventory) / Current Liabilities and Provisions

Company Name	TTM	Mar-26	Mar-25	Mar-24	Mar-23	Mar-22	Mar-21	Mar-20	Mar-19	Mar-18	Mar-17
Apar	0.91	0.91	0.95	1.00	0.77	0.75
Peer Median	1.10	1.15	1.10	--	1.04	1.07

*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.

Interest Coverage

4.33

Higher than Peers by 0.51

Earning before interest and taxes (EBIT) / Interest Expenses

Company Name	TTM	Mar-26	Mar-25	Mar-24	Mar-23	Mar-22	Mar-21	Mar-20	Mar-19	Mar-18	Mar-17
Apar	4.33	3.76	3.49	3.56	3.48	3.00
Peer Median	3.82	3.76	3.56	--	3.00	3.10

*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.

Operating Efficiency

View Detailed Peer Comparison

Debtors to sales

21.87

Higher than Peers by 1.94

Debtors outstanding / Net Sales * 100

Company Name	TTM	Mar-26	Mar-25	Mar-24	Mar-23	Mar-22	Mar-21	Mar-20	Mar-19	Mar-18	Mar-17
Apar	21.87	23.29	21.95	24.32	22.31	27.17
Peer Median	19.94	21.29	19.45	--	23.87	26.94

*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.

Asset Turnover

1.95

Higher than Peers by 0.95

Sales / Average Total Assets

Company Name	TTM	Mar-26	Mar-25	Mar-24	Mar-23	Mar-22	Mar-21	Mar-20	Mar-19	Mar-18	Mar-17
Apar	1.95	1.84	1.78	1.82	1.94	1.61
Peer Median	1.00	0.99	1.06	--	0.96	1.00

*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.

Receivable days

Average Debtors / Sales * 365

Company Name	TTM	Mar-26	Mar-25	Mar-24	Mar-23	Mar-22	Mar-21	Mar-20	Mar-19	Mar-18	Mar-17
Apar	--	74.82	78.48	80.24	72.77	86.03
Peer Median

*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.

Inventory Days

Average Inventory / Sales * 365

Company Name	TTM	Mar-26	Mar-25	Mar-24	Mar-23	Mar-22	Mar-21	Mar-20	Mar-19	Mar-18	Mar-17
Apar	--	59.32	60.52	61.25	59.88	72.51
Peer Median

*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.

Payable days

Average Creditors / Cost of goods sold * 365

Company Name	TTM	Mar-26	Mar-25	Mar-24	Mar-23	Mar-22	Mar-21	Mar-20	Mar-19	Mar-18	Mar-17
Apar	--	33.40	28.32	27.48	39.48	58.52
Peer Median

*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.

Cash Conversion Cycle

Receivable Days + Inventory Days - Payable Days

Company Name	TTM	Mar-26	Mar-25	Mar-24	Mar-23	Mar-22	Mar-21	Mar-20	Mar-19	Mar-18	Mar-17
Apar	--	100.74	110.68	114.00	93.16	100.02
Peer Median

*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.

Valuation

View Detailed Peer Comparison

Price / Earnings

50.87

Higher than Peers by 15.54

Current share price divided by earning per share in the last twelve months

Company Name	TTM	Mar-26	Mar-25	Mar-24	Mar-23	Mar-22	Mar-21	Mar-20	Mar-19	Mar-18	Mar-17
Apar	50.87	40.61	27.08	34.01	15.02	9.70
Peer Median	35.34	35.34	60.07	--	36.49	58.20

*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.

Price / Book Value

7.22

No difference

Current share price divided by book value per share in the latest financial year

Company Name	TTM	Mar-26	Mar-25	Mar-24	Mar-23	Mar-22	Mar-21	Mar-20	Mar-19	Mar-18	Mar-17
Apar	7.22	7.40	4.94	7.24	4.28	1.45
Peer Median	7.22	7.22	10.12	--	3.17	3.34

*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.

Dividend Yield

0.42

Lower than Peers by 0.14

Dividend per share in the past twelve months divided by current share price

Company Name	TTM	Mar-26	Mar-25	Mar-24	Mar-23	Mar-22	Mar-21	Mar-20	Mar-19	Mar-18	Mar-17
Apar	0.42	0.61	0.92	0.73	1.60	2.31
Peer Median	0.55	0.55	0.42	--	0.29	0.33

*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.

EV/EBITDA

26.70

Enterprise Value (Current Market Capitalisation + Total Debt - Cash & Equivalents) / Earnings before interest, taxes, depreciation and taxes (EBITDA)

Company Name	TTM	Mar-26	Mar-25	Mar-24	Mar-23	Mar-22	Mar-21	Mar-20	Mar-19	Mar-18	Mar-17
Apar	26.70	20.11	13.06	16.82	7.18	4.12
Peer Median	--	34.37	44.95	--	30.18	90.60

*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.

Market Cap

60,108

Higher than Peers by 27,660

Current Share price multiplied by latest total number of shares outstanding

Company Name	TTM	Mar-26	Mar-25	Mar-24	Mar-23	Mar-22	Mar-21	Mar-20	Mar-19	Mar-18	Mar-17
Apar	60,108	39,669	22,245	28,066	9,581	2,489
Peer Median	32,449	32,449	32,777	--	14,773	19,030

*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.