Apar Industries Limited (APARINDS) - Net Assets

Latest as of March 2026: Rs53.93 Billion INR ≈ $583.27 Million USD

Based on the latest financial reports, Apar Industries Limited (APARINDS) has net assets worth Rs53.93 Billion INR (≈ $583.27 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs137.11 Billion ≈ $1.48 Billion USD) and total liabilities (Rs83.18 Billion ≈ $899.55 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check tangible net worth ratio of Apar Industries Limited to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	Rs53.93 Billion
% of Total Assets	39.34%
Annual Growth Rate	21.34%
5-Year Change	214.44%
10-Year Change	420.54%
Growth Volatility	23.63

Apar Industries Limited - Net Assets Trend (2005–2026)

This chart illustrates how Apar Industries Limited's net assets have evolved over time, based on quarterly financial data. See APARINDS defensive asset coverage days to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for Apar Industries Limited (2005–2026)

The table below shows the annual net assets of Apar Industries Limited from 2005 to 2026. For live valuation and market cap data, see Apar Industries Limited market capitalisation.

Year	Net Assets	Change
2026-03-31	Rs53.93 Billion ≈ $583.27 Million	+19.76%
2025-03-31	Rs45.04 Billion ≈ $487.04 Million	+16.18%
2024-03-31	Rs38.76 Billion ≈ $419.22 Million	+73.33%
2023-03-31	Rs22.36 Billion ≈ $241.86 Million	+30.38%
2022-03-31	Rs17.15 Billion ≈ $185.50 Million	+21.72%
2021-03-31	Rs14.09 Billion ≈ $152.40 Million	+20.81%
2020-03-31	Rs11.66 Billion ≈ $126.14 Million	-2.99%
2019-03-31	Rs12.02 Billion ≈ $130.03 Million	+8.49%
2018-03-31	Rs11.08 Billion ≈ $119.85 Million	+6.96%
2017-03-31	Rs10.36 Billion ≈ $112.05 Million	+20.34%
2016-03-31	Rs8.61 Billion ≈ $93.11 Million	+17.78%
2015-03-31	Rs7.31 Billion ≈ $79.06 Million	+4.72%
2014-03-31	Rs6.98 Billion ≈ $75.49 Million	+11.08%
2013-03-31	Rs6.28 Billion ≈ $67.96 Million	+19.82%
2012-03-31	Rs5.24 Billion ≈ $56.72 Million	+49.02%
2011-03-31	Rs3.52 Billion ≈ $38.06 Million	+22.26%
2010-03-31	Rs2.88 Billion ≈ $31.13 Million	+0.97%
2009-03-31	Rs2.85 Billion ≈ $30.83 Million	+31.52%
2008-03-31	Rs2.17 Billion ≈ $23.44 Million	+17.94%
2007-03-31	Rs1.84 Billion ≈ $19.88 Million	+97.99%
2006-03-31	Rs928.28 Million ≈ $10.04 Million	0.00%
2005-03-31	Rs928.28 Million ≈ $10.04 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Apar Industries Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

Retained earnings have decreased by 0.0% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (March 2026)

Component	Amount	Percentage
Common Stock	Rs401.70 Million	0.74%
Other Components	Rs53.53 Billion	99.26%
Total Equity	Rs53.93 Billion	100.00%

Apar Industries Limited Competitors by Market Cap

The table below lists competitors of Apar Industries Limited ranked by their market capitalization.

Company	Market Cap
Impulsora del Desarrollo y el Empleo en América Latina S.A.B. de C.V MX:IDEALB-1	$7.07 Billion
G Mining Ventures Corp. TO:GMIN	$7.08 Billion
Praxis Precision Medicines Inc NASDAQ:PRAX	$7.08 Billion
Delivery Hero SE XETRA:DHER	$7.08 Billion
COM.INTL BK GDR S LE 10 F:CIN	$7.06 Billion
STAG Industrial Inc NYSE:STAG	$7.06 Billion
Reece Ltd AU:REH	$7.05 Billion
The Mosaic Company NYSE:MOS	$7.05 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Apar Industries Limited's equity between the two most recent reporting periods.

Equity Growth Insights

From 2025 to 2026, total equity changed from 45,035,400,000 to 53,933,800,000, a change of 8,898,400,000 (19.8%).
Net income of 9,769,300,000 contributed positively to equity growth.
Dividend payments of 2,047,200,000 reduced retained earnings.
Other comprehensive income decreased equity by 4,187,100,000.
Other factors increased equity by 5,363,400,000.

Equity Change Factors (2025 to 2026)

Factor	Impact	Contribution
Net Income	Rs9.77 Billion	+18.11%
Dividends Paid	Rs2.05 Billion	-3.8%
Other Comprehensive Income	Rs-4.19 Billion	-7.76%
Other Changes	Rs5.36 Billion	+9.94%
Total Change	Rs-	19.76%

Book Value vs Market Value Analysis

This analysis compares Apar Industries Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

Current price-to-book ratio: 12.14x
The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
The price-to-book ratio has decreased from 486.52x to 12.14x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2005-03-31	Rs33.46	Rs16280.00	x
2006-03-31	Rs33.46	Rs16280.00	x
2007-03-31	Rs56.84	Rs16280.00	x
2008-03-31	Rs67.03	Rs16280.00	x
2009-03-31	Rs87.98	Rs16280.00	x
2010-03-31	Rs86.58	Rs16280.00	x
2011-03-31	Rs108.66	Rs16280.00	x
2012-03-31	Rs137.35	Rs16280.00	x
2013-03-31	Rs162.76	Rs16280.00	x
2014-03-31	Rs180.84	Rs16280.00	x
2015-03-31	Rs189.56	Rs16280.00	x
2016-03-31	Rs229.36	Rs16280.00	x
2017-03-31	Rs269.24	Rs16280.00	x
2018-03-31	Rs289.60	Rs16280.00	x
2019-03-31	Rs314.19	Rs16280.00	x
2020-03-31	Rs304.80	Rs16280.00	x
2021-03-31	Rs368.24	Rs16280.00	x
2022-03-31	Rs448.21	Rs16280.00	x
2023-03-31	Rs584.39	Rs16280.00	x
2024-03-31	Rs996.46	Rs16280.00	x
2025-03-31	Rs1121.18	Rs16280.00	x
2026-03-31	Rs1340.50	Rs16280.00	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Apar Industries Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

Current Return on Equity (ROE): 18.11%
The company demonstrates strong efficiency in generating profits from shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 4.27%
• Asset Turnover: 1.67x
• Equity Multiplier: 2.54x
Recent ROE (18.11%) is above the historical average (16.91%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2005	33.97%	3.81%	1.53x	5.84x	Rs222.53 Million
2006	33.97%	3.61%	1.62x	5.83x	Rs222.53 Million
2007	26.40%	3.20%	1.85x	4.46x	Rs301.42 Million
2008	22.17%	3.18%	1.57x	4.44x	Rs263.78 Million
2009	-1.25%	-0.13%	1.81x	5.11x	Rs-319.93 Million
2010	-1.27%	-0.13%	1.39x	6.78x	Rs-315.40 Million
2011	27.33%	3.17%	1.54x	5.59x	Rs608.99 Million
2012	13.96%	2.03%	1.27x	5.41x	Rs207.07 Million
2013	17.47%	2.35%	1.43x	5.20x	Rs467.87 Million
2014	12.88%	1.94%	1.54x	4.31x	Rs200.28 Million
2015	6.78%	0.97%	1.73x	4.05x	Rs-234.71 Million
2016	14.16%	2.40%	1.82x	3.25x	Rs357.63 Million
2017	17.04%	3.65%	1.37x	3.40x	Rs729.58 Million
2018	13.06%	2.49%	1.36x	3.85x	Rs339.15 Million
2019	11.32%	1.71%	1.59x	4.18x	Rs158.23 Million
2020	11.59%	1.82%	1.60x	3.99x	Rs185.07 Million
2021	11.39%	2.51%	1.28x	3.55x	Rs195.80 Million
2022	14.97%	2.76%	1.41x	3.85x	Rs852.07 Million
2023	28.52%	4.45%	1.74x	3.67x	Rs4.14 Billion
2024	21.29%	5.11%	1.68x	2.48x	Rs4.37 Billion
2025	18.24%	4.42%	1.65x	2.50x	Rs3.71 Billion
2026	18.11%	4.27%	1.67x	2.54x	Rs4.38 Billion

Industry Comparison

This section compares Apar Industries Limited's net assets metrics with peer companies in the Electrical Equipment & Parts industry.

Industry Context

Industry: Electrical Equipment & Parts
Average net assets among peers: $3,269,709,915
Average return on equity (ROE) among peers: 15.95%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Apar Industries Limited (APARINDS)	Rs53.93 Billion	33.97%	1.54x	$7.07 Billion
Amara Raja Batteries Limited (ARE&M)	$10.60 Billion	27.05%	0.67x	$1.67 Billion
Bharat Bijlee Limited (BBL)	$1.99 Billion	23.82%	0.79x	$342.46 Million
CG Power and Industrial Solutions Limited (CGPOWER)	$3.52 Billion	8.31%	2.86x	$16.41 Billion
Cords Cable Industries Limited (CORDSCABLE)	$752.17 Million	9.32%	0.59x	$30.45 Million
De Nora India Limited (DENORA)	$259.95 Million	11.77%	0.28x	$49.09 Million
Dynamic Cables Limited (DYCL)	$1.48 Billion	20.93%	1.37x	$192.20 Million
Elin Electronics Limited (ELIN)	$2.28 Billion	12.07%	0.70x	$57.24 Million
Eveready Industries India Limited (EVEREADY)	$6.23 Billion	27.54%	0.95x	$289.95 Million
Exicom Tele-Systems Limited (EXICOM)	$2.32 Billion	2.75%	2.04x	$259.50 Million

About Apar Industries Limited

NSE:APARINDS India Electrical Equipment & Parts

Market Cap

$7.07 Billion

Rs654.04 Billion INR

Market Cap Rank

#2896 Global

#126 in India

Share Price

Rs16280.00

Change (1 day)

+2.96%

52-Week Range

Rs6966.00 - Rs16280.00

All Time High

Rs16280.00