Apar Industries Limited, founded by Mr. Dharmsinh D. Desai in 1958, is a market leader in India with a global presence. The company has established itself as a premier manufacturer in the electrical and metallurgical engineering sectors, contributing to India's process of electrification from manufacturing power transmission cables to having three broad business segments: Conductors, Transformer and specialty oils (TSO), and Power/telecom Cables.
Apar Industries is the world's largest manufacturer of conductors, offering a full range of conventional and new-generation specialty conductors. The company operates through three main business segments, with Conductors contributing 48% of revenue in FY25. The company has expanded its product portfolio from traditional conductors to innovative solutions like High Efficiency Conductors & High Temperature Low Sag Conductors, various types of Aluminium & Aluminium Alloy Rods & Wires, and copper products such as Busbars, Rods and Strips.
The company has strengthened its market position through strategic initiatives and has completed 165 projects and 45 transmission and distribution lines in the power transmission and distribution segment. At APAR, the company is committed to crafting fundamental building blocks for energy infrastructure, transportation, and telecommunications sectors, with a mission to create a world that is more energy-efficient, environmentally sustainable, and safer.
Apar Industries commands a market capitalization of ₹34,643 crore as of recent data, reflecting its strong market position. The company demonstrated robust financial performance in FY24, with revenue reaching ₹18,581 crore, representing a 15% growth compared to FY24. The company witnessed a remarkable 13% revenue growth in FY 2023-24, with profits soaring by 29% compared to the previous year.
The company's Q3 FY25 results showed continued momentum with revenue growing 17.7% year-on-year to reach ₹4,716 crore, driven by 31.8% growth in domestic business. However, profit after tax stood at ₹175 crore, declining 19.7% year-on-year. The company's export contribution was 33.5% of overall revenue compared to 40.7% in Q3FY24.
- **Revenue**: ₹18,581 crore (FY25)
- **Net Profit**: ₹821 crore (FY25)
- **Market Cap**: ₹34,643 crore
- **Return on Equity**: 18%
- **Promoter Holding**: 57.77% (as of March 2025)
Despite economic uncertainties, APAR Industries expanded its market footprint both domestically and internationally, with exports growing from ₹6,994 crore to ₹7,296 crore. Through strategic alliances, acquisitions, and market penetration strategies, the company solidified its position as a global player in the manufacturing sector.
The company maintains a balanced approach to its revenue mix, with the domestic-export ratio standing at 45:55, while premium products account for 45% of the business's total revenue. This strategic positioning helps the company navigate market volatilities while capitalizing on growth opportunities in both domestic and international markets.
Since 2021, APAR has embarked on a sustainability journey, demonstrating its commitment to environmental responsibility. The company continues to invest in research and development to maintain its competitive edge in the rapidly evolving electrical infrastructure sector.
The company's vision places it at the forefront of the transformative global energy transition, where it is poised to play a pivotal role in contributing to a greener tomorrow. This positioning aligns with global trends toward renewable energy and sustainable infrastructure development.
According to Chairman & MD Kushal N Desai, the company continues to lead the way in premium businesses with continued focus on innovation and customer-centric approach, remaining optimistic that domestic growth trajectory will remain unwavering led by continued infrastructure capex spend.
The company's strong foundation, diversified product portfolio, and strategic focus on innovation position it well to capitalize on the growing demand for electrical infrastructure both in India and globally. With its established market leadership and commitment to sustainability, Apar Industries is well-positioned to benefit from the ongoing energy transition and infrastructure development trends.
