| Quarter | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 3,925 | 4,009 | 4,455 | 4,011 | 4,645 | 4,716 | 5,210 | 5,104 | 5,715 | 5,480 | 6,603 | 6,591 | |
Growth YoY Revenue Growth YoY% | 21.4 | 1.8 | 9.1 | 6.5 | 18.3 | 17.7 | 16.9 | 27.3 | 23.1 | 16.2 | 26.7 | 29.1 |
| 3,576 | 3,603 | 4,028 | 3,634 | 4,288 | 4,360 | 4,755 | 4,652 | 5,250 | 5,028 | 6,107 | 5,833 | |
| 350 | 405 | 427 | 377 | 357 | 356 | 455 | 452 | 465 | 452 | 496 | 758 | |
OPM OPM% | 8.9 | 10.1 | 9.6 | 9.4 | 7.7 | 7.5 | 8.7 | 8.9 | 8.1 | 8.3 | 7.5 | 11.5 |
| 18 | 21 | 27 | 15 | 33 | 34 | 20 | 25 | 23 | -17 | 12 | 34 | |
Interest Expense Interest ExpenseCr | 103 | 113 | 101 | 90 | 101 | 118 | 100 | 86 | 108 | 106 | 137 | 123 |
Depreciation DepreciationCr | 28 | 29 | 31 | 31 | 32 | 33 | 36 | 38 | 40 | 41 | 42 | 46 |
PBT PBTCr | 237 | 284 | 322 | 270 | 257 | 238 | 340 | 353 | 341 | 288 | 329 | 623 |
| 63 | 67 | 85 | 68 | 63 | 64 | 90 | 90 | 89 | 79 | 75 | 155 | |
| 174 | 218 | 236 | 203 | 194 | 175 | 250 | 263 | 252 | 209 | 253 | 467 | |
Growth YoY PAT Growth YoY% | 69.4 | 28.1 | -2.7 | 2.6 | 11.5 | -19.6 | 5.8 | 29.8 | 29.8 | 19.4 | 1.4 | 77.8 |
NPM NPM% | 4.4 | 5.4 | 5.3 | 5.0 | 4.2 | 3.7 | 4.8 | 5.2 | 4.4 | 3.8 | 3.8 | 7.1 |
| 45.4 | 56.6 | 61.0 | 50.4 | 48.3 | 43.5 | 62.2 | 65.5 | 62.7 | 52.0 | 63.1 | 116.4 |
| Quarter | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 3,925 | 4,009 | 4,455 | 4,011 | 4,645 | 4,716 | 5,210 | 5,104 | 5,715 | 5,480 | 6,603 | 6,591 | |
Growth YoY Revenue Growth YoY% | 21.4 | 1.8 | 9.1 | 6.5 | 18.3 | 17.7 | 16.9 | 27.3 | 23.1 | 16.2 | 26.7 | 29.1 |
| 3,576 | 3,603 | 4,028 | 3,634 | 4,288 | 4,360 | 4,755 | 4,652 | 5,250 | 5,028 | 6,107 | 5,833 | |
| 350 | 405 | 427 | 377 | 357 | 356 | 455 | 452 | 465 | 452 | 496 | 758 | |
OPM OPM% | 8.9 | 10.1 | 9.6 | 9.4 | 7.7 | 7.5 | 8.7 | 8.9 | 8.1 | 8.3 | 7.5 | 11.5 |
| 18 | 21 | 27 | 15 | 33 | 34 | 20 | 25 | 23 | -17 | 12 | 34 | |
Interest Expense Interest ExpenseCr | 103 | 113 | 101 | 90 | 101 | 118 | 100 | 86 | 108 | 106 | 137 | 123 |
Depreciation DepreciationCr | 28 | 29 | 31 | 31 | 32 | 33 | 36 | 38 | 40 | 41 | 42 | 46 |
PBT PBTCr | 237 | 284 | 322 | 270 | 257 | 238 | 340 | 353 | 341 | 288 | 329 | 623 |
| 63 | 67 | 85 | 68 | 63 | 64 | 90 | 90 | 89 | 79 | 75 | 155 | |
| 174 | 218 | 236 | 203 | 194 | 175 | 250 | 263 | 252 | 209 | 253 | 467 | |
Growth YoY PAT Growth YoY% | 69.4 | 28.1 | -2.7 | 2.6 | 11.5 | -19.6 | 5.8 | 29.8 | 29.8 | 19.4 | 1.4 | 77.8 |
NPM NPM% | 4.4 | 5.4 | 5.3 | 5.0 | 4.2 | 3.7 | 4.8 | 5.2 | 4.4 | 3.8 | 3.8 | 7.1 |
| 45.4 | 56.6 | 61.0 | 50.4 | 48.3 | 43.5 | 62.2 | 65.5 | 62.7 | 52.0 | 63.1 | 116.4 |
| Financial Year | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue RevenueCr | 5,078 | 4,832 | 5,819 | 7,964 | 7,425 | 6,388 | 9,317 | 14,336 | 16,153 | 18,581 | 22,902 | 24,389 |
Growth Revenue Growth% | -0.8 | -4.8 | 20.4 | 36.9 | -6.8 | -14.0 | 45.8 | 53.9 | 12.7 | 15.0 | 23.3 | 24.0 |
| 4,716 | 4,415 | 5,411 | 7,496 | 6,959 | 5,969 | 8,769 | 13,109 | 14,625 | 17,034 | 21,026 | 22,218 | |
| 363 | 417 | 408 | 468 | 466 | 419 | 548 | 1,227 | 1,528 | 1,547 | 1,876 | 2,171 | |
OPM OPM% | 7.1 | 8.6 | 7.0 | 5.9 | 6.3 | 6.6 | 5.9 | 8.6 | 9.5 | 8.3 | 8.2 | 8.9 |
| 10 | 16 | 11 | 15 | 18 | 19 | 33 | 37 | 80 | 99 | 32 | 52 | |
Interest Expense Interest ExpenseCr | 157 | 114 | 140 | 200 | 228 | 136 | 141 | 306 | 387 | 409 | 437 | 474 |
Depreciation DepreciationCr | 38 | 45 | 56 | 67 | 87 | 93 | 98 | 104 | 116 | 132 | 161 | 169 |
PBT PBTCr | 178 | 273 | 223 | 216 | 169 | 208 | 342 | 855 | 1,106 | 1,106 | 1,310 | 1,580 |
| 57 | 97 | 78 | 80 | 34 | 48 | 85 | 217 | 281 | 284 | 333 | 399 | |
PAT PATCr | 120 | 176 | 145 | 136 | 135 | 161 | 257 | 638 | 825 | 821 | 977 | 1,182 |
Growth PAT Growth% | 143.4 | 46.5 | -17.9 | -6.0 | -0.7 | 18.8 | 60.0 | 148.4 | 29.4 | -0.5 | 18.9 | 34.0 |
NPM NPM% | 2.4 | 3.6 | 2.5 | 1.7 | 1.8 | 2.5 | 2.8 | 4.5 | 5.1 | 4.4 | 4.3 | 4.8 |
| 32.5 | 45.9 | 37.8 | 35.5 | 35.3 | 41.9 | 67.1 | 166.6 | 212.1 | 204.5 | 243.2 | 294.1 |
| Financial Year | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue RevenueCr | 5,078 | 4,832 | 5,819 | 7,964 | 7,425 | 6,388 | 9,317 | 14,336 | 16,153 | 18,581 | 22,902 | 24,389 |
Growth Revenue Growth% | -0.8 | -4.8 | 20.4 | 36.9 | -6.8 | -14.0 | 45.8 | 53.9 | 12.7 | 15.0 | 23.3 | 24.0 |
| 4,716 | 4,415 | 5,411 | 7,496 | 6,959 | 5,969 | 8,769 | 13,109 | 14,625 | 17,034 | 21,026 | 22,218 | |
| 363 | 417 | 408 | 468 | 466 | 419 | 548 | 1,227 | 1,528 | 1,547 | 1,876 | 2,171 | |
OPM OPM% | 7.1 | 8.6 | 7.0 | 5.9 | 6.3 | 6.6 | 5.9 | 8.6 | 9.5 | 8.3 | 8.2 | 8.9 |
| 10 | 16 | 11 | 15 | 18 | 19 | 33 | 37 | 80 | 99 | 32 | 52 | |
Interest Expense Interest ExpenseCr | 157 | 114 | 140 | 200 | 228 | 136 | 141 | 306 | 387 | 409 | 437 | 474 |
Depreciation DepreciationCr | 38 | 45 | 56 | 67 | 87 | 93 | 98 | 104 | 116 | 132 | 161 | 169 |
PBT PBTCr | 178 | 273 | 223 | 216 | 169 | 208 | 342 | 855 | 1,106 | 1,106 | 1,310 | 1,580 |
| 57 | 97 | 78 | 80 | 34 | 48 | 85 | 217 | 281 | 284 | 333 | 399 | |
PAT PATCr | 120 | 176 | 145 | 136 | 135 | 161 | 257 | 638 | 825 | 821 | 977 | 1,182 |
Growth PAT Growth% | 143.4 | 46.5 | -17.9 | -6.0 | -0.7 | 18.8 | 60.0 | 148.4 | 29.4 | -0.5 | 18.9 | 34.0 |
NPM NPM% | 2.4 | 3.6 | 2.5 | 1.7 | 1.8 | 2.5 | 2.8 | 4.5 | 5.1 | 4.4 | 4.3 | 4.8 |
| 32.5 | 45.9 | 37.8 | 35.5 | 35.3 | 41.9 | 67.1 | 166.6 | 212.1 | 204.5 | 243.2 | 294.1 |
| Financial Year | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital Equity CapitalCr | 39 | 38 | 38 | 38 | 38 | 38 | 38 | 38 | 40 | 40 | 40 |
Reserves ReservesCr | 815 | 998 | 1,070 | 1,164 | 1,128 | 1,361 | 1,677 | 2,198 | 3,836 | 4,463 | 5,353 |
| 1,944 | 2,269 | 2,964 | 3,639 | 3,231 | 3,321 | 4,568 | 5,724 | 5,316 | 6,334 | 7,730 | |
| 121 | 144 | 204 | 180 | 256 | 279 | 324 | 258 | 423 | 426 | 588 | |
| 2,919 | 3,448 | 4,276 | 5,021 | 4,654 | 4,999 | 6,608 | 8,218 | 9,616 | 11,264 | 13,711 | |
| 2,250 | 2,798 | 3,573 | 4,166 | 3,667 | 4,043 | 5,558 | 7,007 | 8,170 | 9,313 | 11,197 | |
| 668 | 651 | 703 | 855 | 987 | 956 | 1,050 | 1,211 | 1,446 | 1,951 | 2,515 | |
| 2,919 | 3,448 | 4,276 | 5,021 | 4,654 | 4,999 | 6,608 | 8,218 | 9,616 | 11,264 | 13,711 |
| Financial Year | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital Equity CapitalCr | 39 | 38 | 38 | 38 | 38 | 38 | 38 | 38 | 40 | 40 | 40 |
Reserves ReservesCr | 815 | 998 | 1,070 | 1,164 | 1,128 | 1,361 | 1,677 | 2,198 | 3,836 | 4,463 | 5,353 |
| 1,944 | 2,269 | 2,964 | 3,639 | 3,231 | 3,321 | 4,568 | 5,724 | 5,316 | 6,334 | 7,730 | |
| 121 | 144 | 204 | 180 | 256 | 279 | 324 | 258 | 423 | 426 | 588 | |
| 2,919 | 3,448 | 4,276 | 5,021 | 4,654 | 4,999 | 6,608 | 8,218 | 9,616 | 11,264 | 13,711 | |
| 2,250 | 2,798 | 3,573 | 4,166 | 3,667 | 4,043 | 5,558 | 7,007 | 8,170 | 9,313 | 11,197 | |
| 668 | 651 | 703 | 855 | 987 | 956 | 1,050 | 1,211 | 1,446 | 1,951 | 2,515 | |
| 2,919 | 3,448 | 4,276 | 5,021 | 4,654 | 4,999 | 6,608 | 8,218 | 9,616 | 11,264 | 13,711 |
| Financial Year | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 412 | 312 | 225 | 632 | 94 | 281 | 244 | 698 | -283 | 1,291 | 968 | |
| -223 | -166 | -5 | -388 | 45 | -115 | -91 | -267 | -268 | -705 | -558 | |
| -153 | -157 | -69 | -293 | -189 | -123 | -106 | -186 | 635 | -483 | -434 | |
Net Cash Flow Net Cash FlowCr | 36 | -11 | 152 | -49 | -49 | 44 | 47 | 245 | 84 | 104 | -24 |
Free Cash Flow Free Cash FlowCr | 289 | 146 | 98 | 425 | -50 | 226 | 115 | 452 | -613 | 784 | 235 |
CFO To PAT CFO To PAT% | 342.3 | 177.3 | 155.5 | 464.5 | 69.7 | 175.3 | 94.9 | 109.5 | -34.3 | 157.2 | 99.0 |
CFO To EBITDA CFO To EBITDA% | 113.6 | 75.0 | 55.2 | 135.1 | 20.2 | 67.1 | 44.5 | 56.9 | -18.5 | 83.5 | 51.6 |
| Financial Year | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 412 | 312 | 225 | 632 | 94 | 281 | 244 | 698 | -283 | 1,291 | 968 | |
| -223 | -166 | -5 | -388 | 45 | -115 | -91 | -267 | -268 | -705 | -558 | |
| -153 | -157 | -69 | -293 | -189 | -123 | -106 | -186 | 635 | -483 | -434 | |
Net Cash Flow Net Cash FlowCr | 36 | -11 | 152 | -49 | -49 | 44 | 47 | 245 | 84 | 104 | -24 |
Free Cash Flow Free Cash FlowCr | 289 | 146 | 98 | 425 | -50 | 226 | 115 | 452 | -613 | 784 | 235 |
CFO To PAT CFO To PAT% | 342.3 | 177.3 | 155.5 | 464.5 | 69.7 | 175.3 | 94.9 | 109.5 | -34.3 | 157.2 | 99.0 |
CFO To EBITDA CFO To EBITDA% | 113.6 | 75.0 | 55.2 | 135.1 | 20.2 | 67.1 | 44.5 | 56.9 | -18.5 | 83.5 | 51.6 |
| Financial Year | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Market Cap Market CapitalizationCr | 1,778 | 2,866 | 2,769 | 2,580 | 1,101 | 1,815 | 2,489 | 9,580 | 28,065 | 22,244 | 39,668 | 76,585 |
Price To Earnings Price To Earnings | 14.6 | 16.2 | 19.1 | 19.0 | 8.2 | 11.3 | 9.7 | 15.0 | 34.0 | 27.1 | 40.6 | 62.2 |
Price To Sales Price To Sales | 0.3 | 0.6 | 0.5 | 0.3 | 0.1 | 0.3 | 0.3 | 0.7 | 1.7 | 1.2 | 1.7 | 3.1 |
Price To Book Price To Book | 2.1 | 2.8 | 2.5 | 2.1 | 0.9 | 1.3 | 1.4 | 4.3 | 7.2 | 4.9 | 7.4 | 9.7 |
EV To EBITDA EV To EBITDA | 5.5 | 7.3 | 6.9 | 5.5 | 2.7 | 4.6 | 4.7 | 7.7 | 18.3 | 14.3 | 21.3 | 36.5 |
GPM GPM% | 16.1 | 17.8 | 15.9 | 13.5 | 15.6 | 17.0 | 16.3 | 19.3 | 18.5 | 16.9 | 17.4 | 17.4 |
OPM OPM% | 7.1 | 8.6 | 7.0 | 5.9 | 6.3 | 6.6 | 5.9 | 8.6 | 9.5 | 8.3 | 8.2 | 8.9 |
NPM NPM% | 2.4 | 3.6 | 2.5 | 1.7 | 1.8 | 2.5 | 2.8 | 4.5 | 5.1 | 4.4 | 4.3 | 4.8 |
ROCE ROCE% | 27.9 | 29.5 | 25.2 | 29.3 | 26.4 | 20.0 | 23.3 | 44.4 | 34.3 | 29.8 | 27.5 | 27.5 |
ROE ROE% | 14.1 | 17.0 | 13.1 | 11.3 | 11.6 | 11.5 | 15.0 | 28.5 | 21.3 | 18.2 | 18.1 | 18.1 |
ROA ROA% | 4.1 | 5.1 | 3.4 | 2.7 | 2.9 | 3.2 | 3.9 | 7.8 | 8.6 | 7.3 | 7.1 | 7.1 |
| Financial Year | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Current |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Market Cap Market CapitalizationCr | 1,778 | 2,866 | 2,769 | 2,580 | 1,101 | 1,815 | 2,489 | 9,580 | 28,065 | 22,244 | 39,668 | 76,585 |
Price To Earnings Price To Earnings | 14.6 | 16.2 | 19.1 | 19.0 | 8.2 | 11.3 | 9.7 | 15.0 | 34.0 | 27.1 | 40.6 | 62.2 |
Price To Sales Price To Sales | 0.3 | 0.6 | 0.5 | 0.3 | 0.1 | 0.3 | 0.3 | 0.7 | 1.7 | 1.2 | 1.7 | 3.1 |
Price To Book Price To Book | 2.1 | 2.8 | 2.5 | 2.1 | 0.9 | 1.3 | 1.4 | 4.3 | 7.2 | 4.9 | 7.4 | 9.7 |
EV To EBITDA EV To EBITDA | 5.5 | 7.3 | 6.9 | 5.5 | 2.7 | 4.6 | 4.7 | 7.7 | 18.3 | 14.3 | 21.3 | 36.5 |
GPM GPM% | 16.1 | 17.8 | 15.9 | 13.5 | 15.6 | 17.0 | 16.3 | 19.3 | 18.5 | 16.9 | 17.4 | 17.4 |
OPM OPM% | 7.1 | 8.6 | 7.0 | 5.9 | 6.3 | 6.6 | 5.9 | 8.6 | 9.5 | 8.3 | 8.2 | 8.9 |
NPM NPM% | 2.4 | 3.6 | 2.5 | 1.7 | 1.8 | 2.5 | 2.8 | 4.5 | 5.1 | 4.4 | 4.3 | 4.8 |
ROCE ROCE% | 27.9 | 29.5 | 25.2 | 29.3 | 26.4 | 20.0 | 23.3 | 44.4 | 34.3 | 29.8 | 27.5 | 27.5 |
ROE ROE% | 14.1 | 17.0 | 13.1 | 11.3 | 11.6 | 11.5 | 15.0 | 28.5 | 21.3 | 18.2 | 18.1 | 18.1 |
ROA ROA% | 4.1 | 5.1 | 3.4 | 2.7 | 2.9 | 3.2 | 3.9 | 7.8 | 8.6 | 7.3 | 7.1 | 7.1 |
Documents — Apar Industries Ltd
Concall Transcript Summaries — Apar Industries Ltd