Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Apar Industries Ltd
Quarter-by-quarter operating performance
| Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 3,939 | 4,084 | 3,767 | 3,925 | 4,009 | 4,455 | 4,011 | 4,645 | 4,716 | 5,210 | 5,104 | 5,715 | 5,480 |
| Expenses + | 3,596 | 3,660 | 3,421 | 3,576 | 3,604 | 4,028 | 3,634 | 4,288 | 4,360 | 4,752 | 4,652 | 5,250 | 5,035 |
| Operating Profit | 343 | 424 | 346 | 349 | 405 | 427 | 377 | 357 | 356 | 458 | 452 | 465 | 444 |
| OPM % | 9% | 10% | 9% | 9% | 10% | 10% | 9% | 8% | 8% | 9% | 9% | 8% | 8% |
| Other Income + | 7 | 11 | 14 | 19 | 21 | 27 | 15 | 33 | 34 | 17 | 25 | 23 | -10 |
| Interest | 94 | 79 | 70 | 103 | 113 | 101 | 90 | 101 | 118 | 100 | 86 | 108 | 106 |
| Depreciation | 26 | 27 | 27 | 28 | 29 | 31 | 31 | 32 | 33 | 36 | 38 | 40 | 41 |
| Profit before tax | 230 | 328 | 263 | 237 | 284 | 322 | 270 | 257 | 238 | 340 | 353 | 341 | 288 |
| Tax % | 26% | 26% | 25% | 27% | 23% | 27% | 25% | 24% | 27% | 26% | 25% | 26% | 27% |
| Net Profit + | 170 | 243 | 197 | 174 | 218 | 236 | 203 | 194 | 175 | 250 | 263 | 252 | 209 |
| EPS in Rs | 44.40 | 63.43 | 51.59 | 45.44 | 54.16 | 58.81 | 50.42 | 48.27 | 43.55 | 62.23 | 65.45 | 62.66 | 52.01 |
Financials of Apar Industries Ltd
Annual income statement trend
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 4,628 | 5,108 | 5,078 | 4,832 | 5,818 | 7,964 | 7,425 | 6,388 | 9,317 | 14,336 | 16,153 | 18,581 | 21,509 |
| Expenses + | 4,321 | 4,843 | 4,698 | 4,398 | 5,393 | 7,472 | 6,930 | 5,948 | 8,739 | 13,069 | 14,585 | 16,999 | 19,689 |
| Operating Profit | 307 | 264 | 380 | 434 | 426 | 491 | 495 | 440 | 578 | 1,267 | 1,568 | 1,582 | 1,820 |
| OPM % | 7% | 5% | 7% | 9% | 7% | 6% | 7% | 7% | 6% | 9% | 10% | 9% | 8% |
| Other Income + | 4 | 1 | 10 | 15 | 11 | 15 | 15 | 19 | 33 | 36 | 86 | 99 | 56 |
| Interest | 155 | 162 | 175 | 131 | 158 | 223 | 254 | 157 | 171 | 344 | 432 | 443 | 400 |
| Depreciation | 27 | 31 | 38 | 45 | 56 | 67 | 87 | 93 | 98 | 104 | 116 | 132 | 154 |
| Profit before tax | 129 | 72 | 178 | 273 | 223 | 216 | 169 | 208 | 342 | 855 | 1,106 | 1,106 | 1,321 |
| Tax % | 30% | 32% | 32% | 36% | 35% | 37% | 20% | 23% | 25% | 25% | 25% | 26% | |
| Net Profit + | 90 | 49 | 122 | 177 | 145 | 136 | 135 | 160 | 257 | 638 | 825 | 821 | 974 |
| EPS in Rs | 23.37 | 12.86 | 31.61 | 46.14 | 37.82 | 35.55 | 35.32 | 41.94 | 67.09 | 166.64 | 205.41 | 204.46 | 242.35 |
| Dividend Payout % | 22% | 27% | 21% | 22% | 25% | 27% | 27% | 23% | 22% | 24% | 25% | 25% |
Financials of Apar Industries Ltd
Capital structure and asset base
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 38 | 38 | 38 | 38 | 38 | 38 | 38 | 38 | 38 | 38 | 40 | 40 | 40 |
| Reserves | 658 | 691 | 815 | 998 | 1,070 | 1,164 | 1,128 | 1,361 | 1,677 | 2,198 | 3,836 | 4,463 | 4,812 |
| Borrowings + | 792 | 494 | 384 | 305 | 363 | 253 | 372 | 325 | 359 | 376 | 476 | 585 | 704 |
| Other Liabilities + | 1,510 | 1,732 | 1,680 | 2,107 | 2,805 | 3,501 | 3,116 | 3,275 | 4,533 | 5,605 | 5,264 | 6,175 | 5,756 |
| Total Liabilities | 2,998 | 2,956 | 2,919 | 3,448 | 4,276 | 4,957 | 4,654 | 4,999 | 6,608 | 8,218 | 9,616 | 11,264 | 11,313 |
| Fixed Assets + | 359 | 395 | 398 | 574 | 649 | 709 | 885 | 878 | 881 | 950 | 1,193 | 1,540 | 1,553 |
| CWIP | 18 | 10 | 56 | 28 | 20 | 103 | 55 | 29 | 38 | 99 | 122 | 130 | 366 |
| Investments | 2 | 5 | 112 | 119 | 0 | 187 | 0 | 60 | 31 | 54 | 11 | 219 | 28 |
| Other Assets + | 2,620 | 2,546 | 2,352 | 2,728 | 3,608 | 3,958 | 3,714 | 4,032 | 5,657 | 7,114 | 8,290 | 9,373 | 9,365 |
| Total Assets | 2,998 | 2,956 | 2,919 | 3,448 | 4,276 | 4,957 | 4,654 | 4,999 | 6,608 | 8,218 | 9,616 | 11,264 | 11,313 |
Financials of Apar Industries Ltd
Operating, investing and financing cash movement
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | -632 | 298 | 412 | 312 | 225 | 632 | 94 | 281 | 244 | 698 | -283 | 1,291 |
| Cash from Investing Activity + | -12 | -59 | -223 | -166 | -5 | -388 | 45 | -115 | -91 | -267 | -267 | -705 |
| Cash from Financing Activity + | -181 | -369 | -153 | -157 | -69 | -293 | -189 | -123 | -106 | -186 | 635 | -483 |
| Net Cash Flow | -824 | -130 | 36 | -11 | 151 | -49 | -49 | 43 | 46 | 246 | 85 | 102 |
| Free Cash Flow | -726 | 243 | 289 | 146 | 97 | 424 | -50 | 226 | 114 | 452 | -613 | 784 |
| CFO/OP | -200% | 120% | 108% | 95% | 67% | 143% | 35% | 74% | 58% | 72% | -2% | 99% |
Financials of Apar Industries Ltd
Working capital efficiency and return ratios
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 87 | 91 | 78 | 95 | 109 | 98 | 93 | 106 | 99 | 81 | 89 | 80 |
| Inventory Days | 101 | 84 | 72 | 102 | 98 | 74 | 85 | 119 | 108 | 85 | 83 | 82 |
| Days Payable | 136 | 141 | 130 | 181 | 207 | 188 | 182 | 231 | 207 | 172 | 140 | 137 |
| Cash Conversion Cycle | 52 | 34 | 20 | 15 | 0 | -16 | -4 | -6 | 1 | -5 | 32 | 25 |
| Working Capital Days | 12 | 22 | 5 | 22 | 21 | 6 | 13 | 25 | 27 | 18 | 50 | 39 |
| ROCE % | 18% | 17% | 28% | 31% | 27% | 30% | 28% | 22% | 27% | 51% | 44% | 33% |