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Compare APAR INDUSTRIES with GRINDWELL NORTON - Equitymaster
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APAR INDUSTRIES vs GRINDWELL NORTON - Comparison Results

APAR INDUSTRIES     Change

Apar Industries Ltd. (formerly known as Gujarat Apar Polymers Ltd.) was incorporated on 28 September 1989. The main objective of the company is to set up a project for manufacture of Acrylonitrile Butadiene Rubber (N.B.R.) and latexes,at Village Dun... More

GRINDWELL NORTON 
   Change

Grindwell Norton Ltd. (GNL) is a 51% subsidiary of Compaigne de Saint-Gobain (a Euro 30 bn French company) which manufactures bonded abrasives, coated abrasive products, super abrasives, engineered ceramics, and engineered fluids. The company's manuf... More

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Current Valuations

    APAR INDUSTRIES GRINDWELL NORTON APAR INDUSTRIES /
GRINDWELL NORTON
 
P/E (TTM) x 17.9 43.7 40.9% View Chart
P/BV x 3.6 6.3 56.8% View Chart
Dividend Yield % 0.0 0.8 -  

Financials

 APAR INDUSTRIES    GRINDWELL NORTON
EQUITY SHARE DATA
    APAR INDUSTRIES
Mar-16
GRINDWELL NORTON
Mar-17
APAR INDUSTRIES /
GRINDWELL NORTON
5-Yr Chart
Click to enlarge
High Rs542749 72.4%   
Low Rs320309 103.8%   
Sales per share (Unadj.) Rs1,319.5114.1 1,156.4%  
Earnings per share (Unadj.) Rs42.310.9 387.3%  
Cash flow per share (Unadj.) Rs52.114.7 353.5%  
Dividends per share (Unadj.) Rs04.00 0.0%  
Dividend yield (eoy) %00.8 0.0%  
Book value per share (Unadj.) Rs223.280.7 276.7%  
Shares outstanding (eoy) m38.50110.72 34.8%   
Bonus/Rights/Conversions -B-  
Price / Sales ratio x0.34.6 7.1%   
Avg P/E ratio x10.248.4 21.1%  
P/CF ratio (eoy) x8.335.9 23.1%  
Price / Book Value ratio x1.96.6 29.5%  
Dividend payout %036.6 0.0%   
Avg Mkt Cap Rs m16,59258,527 28.3%   
No. of employees `0001.21.9 64.1%   
Total wages/salary Rs m9141,702 53.7%   
Avg. sales/employee Rs Th42,833.36,829.0 627.2%   
Avg. wages/employee Rs Th770.6920.1 83.8%   
Avg. net profit/employee Rs Th1,372.6653.5 210.1%   
INCOME DATA
Net Sales Rs m50,80012,634 402.1%  
Other income Rs m34309 10.9%   
Total revenues Rs m50,83412,942 392.8%   
Gross profit Rs m4,0641,931 210.4%  
Depreciation Rs m378423 89.4%   
Interest Rs m1,51420 7,531.3%   
Profit before tax Rs m2,2071,797 122.8%   
Minority Interest Rs m-80-   
Prior Period Items Rs m00-   
Extraordinary Inc (Exp) Rs m00-   
Tax Rs m571588 97.1%   
Profit after tax Rs m1,6281,209 134.7%  
Gross profit margin %8.015.3 52.3%  
Effective tax rate %25.932.7 79.1%   
Net profit margin %3.29.6 33.5%  
BALANCE SHEET DATA
Current assets Rs m22,6216,748 335.2%   
Current liabilities Rs m18,1082,615 692.5%   
Net working cap to sales %8.932.7 27.2%  
Current ratio x1.22.6 48.4%  
Inventory Days Days5671 78.5%  
Debtors Days Days7837 212.6%  
Net fixed assets Rs m4,4393,743 118.6%   
Share capital Rs m385554 69.5%   
"Free" reserves Rs m7,9728,377 95.2%   
Net worth Rs m8,5938,930 96.2%   
Long term debt Rs m83719 4,359.4%   
Total assets Rs m27,92612,099 230.8%  
Interest coverage x2.590.4 2.7%   
Debt to equity ratio x0.10 4,530.6%  
Sales to assets ratio x1.81.0 174.2%   
Return on assets %11.310.2 110.8%  
Return on equity %18.913.5 139.9%  
Return on capital %39.420.3 193.9%  
Exports to sales %29.60-   
Imports to sales %43.90-   
Exports (fob) Rs m15,036NA-   
Imports (cif) Rs m22,284NA-   
Fx inflow Rs m16,7501,953 857.7%   
Fx outflow Rs m22,2843,866 576.4%   
Net fx Rs m-5,535-1,913 289.3%   
CASH FLOW
From Operations Rs m4,1351,611 256.7%  
From Investments Rs m-1,522-328 463.9%  
From Financial Activity Rs m-2,24825 -9,064.1%  
Net Cashflow Rs m3650-  

Share Holding

Indian Promoters % 62.5 7.7 811.7%  
Foreign collaborators % 0.0 51.3 -  
Indian inst/Mut Fund % 5.8 10.1 57.3%  
FIIs % 5.2 3.0 173.3%  
ADR/GDR % 0.0 0.0 -  
Free float % 26.5 27.9 95.0%  
Shareholders   27,145 12,133 223.7%  
Pledged promoter(s) holding % 0.0 0.0 -  
NM: Not Meaningful
Source: Company Annual Reports, Regulatory Filings, Equitymaster

Compare APAR INDUSTRIES With:   FINOLEX CABLES  BLUE STAR  PHOENIX LAMPS  TRF LTD  BHARAT ELECTRONICS  

Compare APAR INDUSTRIES With:   DONGFANG ELEC. (China)  ANSALDO STS (Italy)  SHANGHAI ELEC. (China)  ABB (Switz.)  



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