Financials APAR Industries Limited

Equities

APARINDS

INE372A01015

Electrical Components & Equipment

Market Closed - NSE India S.E. 07:43:46 2024-04-26 am EDT 5-day change 1st Jan Change
7,602 INR -3.14% Intraday chart for APAR Industries Limited +7.39% +25.59%

Valuation

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 25,713 11,029 18,189 24,846 95,859 305,368 - -
Enterprise Value (EV) 1 25,713 11,029 18,189 24,846 93,819 336,568 338,868 340,068
P/E ratio 18.9 x 8.16 x 11.3 x 9.68 x 15 x 39 x 36.2 x 29.3 x
Yield 1.41% 3.3% 2% 2.31% 1.6% 0.72% 0.68% 0.85%
Capitalization / Revenue 0.32 x 0.15 x 0.28 x 0.27 x 0.67 x 1.87 x 1.63 x 1.39 x
EV / Revenue 0.32 x 0.15 x 0.28 x 0.27 x 0.65 x 2.06 x 1.81 x 1.55 x
EV / EBITDA 5.5 x 2.32 x 4.38 x 4.54 x 7.65 x 22.7 x 21.3 x 19.4 x
EV / FCF 5.99 x -21.8 x 6.79 x - 20.8 x 64.2 x 79.8 x 54.6 x
FCF Yield 16.7% -4.6% 14.7% - 4.8% 1.56% 1.25% 1.83%
Price to Book 2.14 x 0.95 x 1.29 x - 4.29 x 8.1 x 7.2 x 6.03 x
Nbr of stocks (in thousands) 38,269 38,269 38,269 38,269 38,269 40,168 - -
Reference price 2 671.9 288.2 475.3 649.2 2,505 7,602 7,602 7,602
Announcement Date 5/29/19 6/25/20 5/31/21 5/27/22 5/8/23 - - -
1INR in Million2INR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 79,638 74,617 63,880 93,200 143,522 163,374 187,203 219,745
EBITDA 1 4,677 4,758 4,155 5,478 12,269 14,820 15,946 17,493
EBIT 1 4,010 3,886 3,220 4,500 11,226 13,209 14,104 15,848
Operating Margin 5.04% 5.21% 5.04% 4.83% 7.82% 8.09% 7.53% 7.21%
Earnings before Tax (EBT) 1 2,162 1,694 2,083 3,420 8,546 9,513 11,018 12,924
Net income 1 1,361 1,352 1,605 2,567 6,377 7,588 8,223 10,213
Net margin 1.71% 1.81% 2.51% 2.75% 4.44% 4.64% 4.39% 4.65%
EPS 2 35.55 35.32 41.94 67.09 166.6 194.8 209.8 259.2
Free Cash Flow 1 4,296 -506.9 2,680 - 4,505 5,239 4,249 6,232
FCF margin 5.39% -0.68% 4.19% - 3.14% 3.21% 2.27% 2.84%
FCF Conversion (EBITDA) 91.85% - 64.49% - 36.72% 35.35% 26.65% 35.63%
FCF Conversion (Net income) 315.72% - 166.95% - 70.64% 69.04% 51.67% 61.02%
Dividend per Share 2 9.500 9.500 9.500 15.00 40.00 54.75 51.80 64.40
Announcement Date 5/29/19 6/25/20 5/31/21 5/27/22 5/8/23 - - -
1INR in Million2INR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: March 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4
Net sales 1 - 22,691 22,288 30,124 30,932 32,349 39,424 40,886 37,730 38,261 40,544 45,298
EBITDA 1 - 1,276 - 1,736 2,376 2,259 3,467 4,239 3,461 3,647 3,600 4,034
EBIT - - - 1,487 - - - 3,966 - - 3,222 3,461
Operating Margin - - - 4.94% - - - 9.7% - - 7.95% 7.64%
Earnings before Tax (EBT) 1 - 770.8 - 1,119 - - 2,298 3,282 2,632 2,747 2,364 35,883
Net income 1 622.9 568.9 - 826.1 - - 1,699 2,427 1,974 - 1,782 2,213
Net margin - 2.51% - 2.74% - - 4.31% 5.94% 5.23% - 4.4% 4.89%
EPS 2 16.28 - - 21.59 - - - 63.43 51.59 - 45.94 52.50
Dividend per Share - - - - - - - - - - - -
Announcement Date 7/27/21 11/1/21 1/31/22 5/27/22 7/28/22 11/3/22 1/31/23 5/8/23 7/28/23 - - -
1INR in Million2INR
Estimates

Balance Sheet Analysis

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - 31,200 33,500 34,700
Net Cash position 1 - - - - 2,040 - - -
Leverage (Debt/EBITDA) - - - - - 2.105 x 2.101 x 1.984 x
Free Cash Flow 1 4,296 -507 2,680 - 4,505 5,239 4,249 6,232
ROE (net income / shareholders' equity) 11.8% 11.4% 12.5% 16.5% 32.3% 23.4% 21.7% 22%
ROA (Net income/ Total Assets) 2.93% 2.81% - - - - - -
Assets 1 46,487 48,057 - - - - - -
Book Value Per Share 2 314.0 305.0 368.0 - 584.0 938.0 1,055 1,261
Cash Flow per Share - - - - - - - -
Capex 1 2,001 1,449 556 1,300 2,478 3,105 2,250 2,500
Capex / Sales 2.51% 1.94% 0.87% 1.4% 1.73% 1.9% 1.2% 1.14%
Announcement Date 5/29/19 6/25/20 5/31/21 5/27/22 5/8/23 - - -
1INR in Million2INR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
C-
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
3
Last Close Price
7,602 INR
Average target price
5,722 INR
Spread / Average Target
-24.74%
Consensus
  1. Stock Market
  2. Equities
  3. APARINDS Stock
  4. Financials APAR Industries Limited