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Aplab Limited (APLAB) Fair Value & Analysis

Industrials · IN · Market cap ₹2.3B

AL Aplab Limited APLAB · BSE
Price₹93.00
Fair Value₹34.04
Upside-63.4%
Quality65/100
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Evidence: High Range ₹25.53 – ₹42.55

Fair value as of: Jul 5, 2026

From 22 valuation models · updated today

Share price −14.6% over the past month.

Price vs Fair Value (12 months)

₹117.77 ₹43.04 Fair Value ₹34.04 Jul 2025 Jul 2026

12‑month range ₹43.04 – ₹117.77 · fair‑value band ₹25.53 – ₹42.55 · the ₹93.00 price screens above the ₹34.04 fair value. As of Jul 5, 2026.

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Analysis

Aplab Limited (APLAB) currently trades at ₹93.00, while our model-based Fair Value estimate is ₹34.04 — implying the stock looks roughly 63.4% overvalued today. We read business quality at 65/100 (solid quality), in the Industrials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium — the entry price still matters most (evidence: high).

Over the trailing twelve months, Aplab Limited generated revenue of ₹584M at a net margin of 4.3%. Revenue declined 40.0% year over year. It earns a return on equity of 16.6%. Net debt stands at ₹128M. Fundamentals as of Jul 5, 2026

Key figures & financial health

Revenue (TTM) ₹584M
Revenue growth (YoY) -40.0%
Net margin 4.3%
Return on equity 16.6%
Free cash flow ₹107M FY2025
P/E ratio 55.0
More key figures
Operating margin -2.2%
EPS (TTM) ₹1.69
EPS growth (YoY) +1,264%
Net debt ₹128M FY2025

Figures from reported company fundamentals (EODHD) · as of Jul 5, 2026. TTM = trailing twelve months.

About the company

Aplab Limited engages in the manufacture, marketing, sale, and service of electronic equipment worldwide. The company provides UPS systems, including industrial and online UPS systems, inverters, static frequency converters, and MIL grade Ups systems. It also offers power supplies consisting of DC lab power, high power programmable power, programmable AC power source, regulated DC power, and dual and multi output DC power supplies, as well as high current and DC programmable electronic loads. In addition, the company provides test and measurement instruments, which include autocompute LCR-Q meters, precision LCR meters, output power meters, power quality analyzers, auto range digital multimeters, digit multimeters, selective level generators, selective level meters, digital psophometers, transmission measuring sets, track-signal test meters, frequency counters, digital storage oscilloscopes, arbitrary waveform signal generators, pulse/function generators, multi-waveform signal …

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Aplab Limited reported revenue of ₹584M in FY2025 versus ₹514M in FY2021, a compound +3.3%/yr. Reported net income was ₹25.2M in FY2025, compounding +95.5%/yr from FY2021.

Revenue +3.3%/yr
FY21 ₹514M
FY22 ₹515M
FY23 ₹495M
FY24 ₹637M
FY25 ₹584M
Net income +95.5%/yr
FY21 ₹1.7M
FY22 ₹2.0M
FY23 ₹8.0M
FY24 ₹2.6M
FY25 ₹25.2M

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Frequently asked questions

Is Aplab Limited (APLAB) undervalued?
As of Jul 5, 2026, our model estimates a fair value of ₹34.04 versus a price of ₹93.00 — about −63% (overvalued). Model-based estimate, not financial advice.
What is the fair value of APLAB?
Our model-based fair value for Aplab Limited is ₹34.04 (as of Jul 5, 2026), built from audited fundamentals. The current price is ₹93.00.
What is the quality score of APLAB?
Aplab Limited has a Quality Score of 65/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Aplab Limited (APLAB)?
Aplab Limited reported trailing-twelve-month revenue of about ₹584M (latest available figure, as of Jul 5, 2026).
What is the net profit margin of APLAB?
The net profit margin of Aplab Limited is about 4.3%, meaning it keeps roughly 4.3% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.