Apar Industries Ltd
Apar Industries Q4 FY26 earnings call: Revenue & Margins
Q4 FY26 earnings call: what management said on revenue, margins and capex.
Guidance rank: #19 of 58 in Electrical Equipment
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The short version
Conductor division expected to grow volumes by around 10% year-on-year. - Cable division targets a 25% annual volume growth to achieve INR10,000 crores revenue within 5 years. - U.S. APAR Industries aims for INR10,000 crores revenue from cables within 5 years, targeting a 25% CAGR in the cable business and 10% volume growth in conductors annually.
From Apar Industries Ltd's Q4 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- Conductor division expected to grow volumes by around 10% year-on-year.
- Cable division targets a 25% annual volume growth to achieve INR10,000 crores revenue within 5 years.
- U.S. cable sales expected to increase in FY27 and further in FY28 with approvals and wider customer orders.
- Data center cable demand in India and U.S. is rising; medium-voltage cable sales to grow with specialized capacity expansion.
- Overall market in India and overseas is large, with continued growth expected despite new competition.
- Renewable energy and data center sectors are key drivers of long-term growth.
2 more points from Apar Industries Ltd's call on revenue
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Profitability & Margins
See what Apar Industries Ltd said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- APAR plans to increase capex for FY27 to about INR 1,500 crores, in addition to INR 740 crores spent in FY26.
- FY27 capex breakup: INR 850 crores for Cables, INR 400 crores for Conductor division, and around INR 200 crores for Oil division.
- Capex is aimed at expanding capacity to reach INR 10,000 crores revenue target within 5 years.
- Focus areas include medium-voltage cable expansion (XLP and rubber-based for data centers), wind, solar, railways, defense sectors.
- Capex is frontloaded, moving from INR 1,200 crores over 2 years to more in early years to meet growing demand.
- Capacity is designed to be fungible for differing specifications (India and export markets like the U.S.).
2 more points from Apar Industries Ltd's call on capex
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Top-ranked in Electrical Equipment
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
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Order Book & Pipeline
- Conductor division order book as of March 31, FY26 stands at approximately INR 7,671 crores.
- Cable division pending order book is about INR 1,800 crores.
- Overall order inflow for the conductor division during the year was INR 11,450 crores.
2 more points from Apar Industries Ltd's call on order book
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Apar Industries Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest (Q2 FY27): revenue ₹6.9K Cr, net profit ₹447 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
Full financials →Continue your research
What Apar Industries Ltd's management said in earlier quarters
- Q2 FY27 earnings call analysis →
- Q1 FY27 earnings call analysis →
- Q1 FY26 earnings call analysis →
- Q3 FY25 earnings call analysis →
- Q2 FY26 earnings call →
- Q4 FY25 earnings call →
- Q2 FY25 earnings call →
- Q1 FY25 earnings call →
- Q1 FY25 earnings call →
- Q4 FY24 earnings call →
- Q3 FY24 earnings call →
- Q2 FY24 earnings call →
Others in Electrical Equipment this season
- Akanksha Power & Infrastructure Ltd (Q4 FY26)
Reported sales for FY 2025-26: ₹91.62 Crore, a 16.36% increase from ₹78.74 Crore in FY 2024-25. Key investor presentation takeaways from Akanksha Power's Q4 FY2
- Vivid Electromech Ltd (Q4 FY26)
Revenue for H2 FY26: ₹130.20 Crore, up 28.16% YoY from H2 FY25. Key investor presentation takeaways from Vivid Electromech Ltd's Q4 FY26 investor presentation —
- Eppeltone Engineers Ltd (Q4 FY26)
1,347.4 Mn, reflecting 8.4% YoY growth over FY25 (Rs. Key investor presentation takeaways from Eppeltone Engineers's Q4 FY26 investor presentation — and how it
- Aartech Solonics (Q4 FY26)
Standalone: ₹1,746.10 Lakhs (vs ₹1,012.96 Lakhs in Q4FY25) . Key investor presentation takeaways from Aartech Solonics's Q4 FY26 investor presentation — and how
Potential multibaggers · Q2 FY27
Potential multibaggers in Electrical Equipment
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
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Frequently Asked Questions
What were Apar Industries Ltd Q4 FY26 results?
Conductor division expected to grow volumes by around 10% year-on-year. - Cable division targets a 25% annual volume growth to achieve INR10,000 crores revenue within 5 years. - U.S. APAR Industries aims for INR10,000 crores revenue from cables within 5 years, targeting a 25% CAGR in the cable business and 10% volume growth in conductors annually.
What is Apar Industries Ltd share price analysis?
Apar Industries Ltd currently shows a neutral. The stock trades at a P/E of 52.2 with a market cap of ₹62,952 Cr. Investors should review the full earnings analysis for detailed insights.
Is Apar Industries Ltd planning capital expenditure?
APAR plans to increase capex for FY27 to about INR 1,500 crores, in addition to INR 740 crores spent in FY26. - FY27 capex breakup: INR 850 crores for Cables, INR 400 crores for Conductor division, and around INR 200 crores for Oil division. - Capex is aimed at expanding capacity to reach INR 10,000 crores revenue target within 5 years. - Focus areas include medium-voltage cable expansion (XLP and rubber-based for data centers), wind, solar, railways, defense sectors. - Capex is frontloaded, moving from INR 1,200 crores over 2 years to more in early years to meet growing demand. - Capacity is designed to be fungible for differing specifications (India and export markets like the U.S.). - Strategic investment in U.S.
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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.