Apar Industries Limited (APARINDS) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Apar Industries Limited stock ₹4,900, price ₹14,106, that is 65.3% below the price, quality 49 out of 100. Rating: strongly overvalued. Calculated from audited financials with 16 of our 26 valuation models and 37 quality factors, updated daily.
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Apar Industries Limited
APARINDS · NSEOur calculation puts a fair price 65% below what the stock costs today.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 9, 2026.
How to read this chart
60‑month range ₹520.55 – ₹18,945 · fair‑value band ₹3,675 – ₹6,124 · the ₹14,106 price screens above the ₹4,900 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 9, 2026.
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Company profile
APAR Industries Limited engages in the electrical and metallurgical engineering business in India and internationally. It operates through Conductor, Transformer & Specialties Oils, Power/Telecom Cables, and Others segments.
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The company offers transformer oils, including naphthenic and iso--paraffinic grades; liquid paraffins that are used in baby oil, medical and pharma, cosmetic, food packaging and coating, personal care, bakery, and plastic industries; petroleum jelly for use in personal care, pharmaceutical formulations, dermatological and ophthalmic formulations, battery terminal compounds, release agents for plaster molds and castings, and leather industries; process oils for rubber and tires, EPDM rubber/profiles, low PCA oils, TPE and plastics, hot melt adhesives, ink oils, and base oils for metal working fluids; and process oils for general applications.
It also provides CTC/PICC conductors, railway overhead conductors, T&D overhead conductors, optical ground wires, aluminum and alloy rods, specialty wires, and turnkey solutions, as well as copper rods, wires, busbars, and strips; and electrical cables, elastomer and E-beam cables, light duty cables and wires, fiber optic cables, and specialty products and services.
In addition, the company offers gigavolt hybrid, LAN, and specialty cables; thermoplastic elastomers, vulcanizates, polyurethane, rubber, and polyester base elastomer under the Aparprene brand; general, metal working, and automotive lubricants; and specialty automotive products comprising batteries and lubricants, and battries and lubricants, power oils, as well as vehicle care services.
It provides its products and services to applications in various fields, including power transmission conductors, petroleum specialty oils, power and telecommunication cables, and house wires. The company also exports its products.
Apar Industries Limited was founded in 1958 and is headquartered in Mumbai, India.
Stock analysis
Apar Industries Limited (APARINDS) currently trades at ₹14,106, while our model-based Fair Value estimate is ₹4,900, 65% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of ₹5,596 per share, and 0 of the 16 models we run sit above the ₹14,106 price.
Bear case: the Dividend Discount group reads lowest at ₹666.78, and 16 of the 16 models stay below the price. Data coverage for this calculation is high.
Scenario range: ₹3,675 (bear) to ₹6,124 (bull), the price of ₹14,106 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 49/100 (below-average quality), in the Industrials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Apar Industries Limited reported revenue of ₹229B in FY2026 versus ₹93.2B in FY2022, a compound +25.2%/yr. Reported net income was ₹9.8B in FY2026, compounding +39.7%/yr from FY2022. FY2022 was a trough year, so the rate overstates the trend.
Key figures
Market cap ₹597B (≈ $6.4B) Mid · P/E ratio 41.6 · P/S ratio 2.33 · EPS (TTM) ₹339.43 · Dividend yield 0.4% · Net margin 5.4% · Return on equity 20.6% · Return on assets (EBIT) 28.2% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 53 out of 100 (low confidence).
What moves the price
The share trades about 26% below its 52-week high and 103% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −36% fair-value upside, at −65%, APARINDS screens richer than that median.
Fair Value models
All 16 models by family
Quality Score breakdown
It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.
Revenue & earnings trend
Compare Apar Industries Limited with another stock
Price, fair value, quality and upside side by side.
Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Electrical Equipment & Parts · 564 stocks
Valuation Multiplesvs Electrical Equipment & Parts median · lower = cheaper
Strength profile in five axes (Snowflake)
VALUE 0: the price sits above our fair-value range.
Context: sector, industry, market
- Is the Industrials sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- EBIT margin by industry
- P/S ratio by industry
- PEG screener for stocks with fair value
- Undervalued stocks: Industrials
- Undervalued stocks: Indian Stocks
- Valuation of the India market
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Electrical Equipment & Parts stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value | Compare |
|---|---|---|---|---|
| Contemporary Amperex Technology Co 300750 | ¥254.22 | ¥648.35 | +155% | vs APARINDS |
| Sungrow Power Supply Co 300274 | ¥81.97 | ¥182.32 | +122% | vs APARINDS |
| NARI Technology Co 600406 | ¥23.86 | ¥29.39 | +23% | vs APARINDS |
| Vertiv Holdings VRT | $182.86 | $178.64 | −2% | vs APARINDS |
| Prysmian S.p.A PRY | €101.00 | €64.29 | −36% | vs APARINDS |
| Legrand SA LR | €129.65 | €82.49 | −36% | vs APARINDS |
| ABB Ltd ABBN | CHF 66.98 | CHF 29.62 | −56% | vs APARINDS |
| Samsung SDI Co 006400 | 468,000 KRW | 153,766 KRW | −67% | vs APARINDS |
| Delta Electronics (Thailand) Public Company DELTA | 177.00 THB | 39.14 THB | −78% | vs APARINDS |
| LG Energy Solution, Ltd 373220 | 337,500 KRW | 53,325 KRW | −84% | vs APARINDS |
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Key figures of Apar Industries Limited
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