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ChangeApar 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
The company manufactures hard metal products (tips, pellets, mining tools,etc) (86.9%) and special purpose machines (12.8%). The company widened its product range during the year to include Industrial coolants and cutting fluids,microfine grain carbi... More
| APAR INDUSTRIES | KENNAMETAL INDIA | APAR INDUSTRIES / KENNAMETAL INDIA |
|||
|---|---|---|---|---|---|
| P/E (TTM) | x | 17.2 | 56.0 | 30.7% | View Chart |
| P/BV | x | 3.4 | 3.7 | 93.5% | View Chart |
| Dividend Yield | % | 0.0 | 0.3 | - |
 APAR INDUSTRIES  KENNAMETAL INDIA |
| EQUITY SHARE DATA | |||||
|---|---|---|---|---|---|
| APAR INDUSTRIES Mar-16 |
KENNAMETAL INDIA Jun-16 |
APAR INDUSTRIES / KENNAMETAL INDIA |
5-Yr Chart Click to enlarge
|
||
| High | Rs | 542 | 924 | 58.6% | |
| Low | Rs | 320 | 652 | 49.2% | |
| Sales per share (Unadj.) | Rs | 1,319.5 | 259.5 | 508.6% | |
| Earnings per share (Unadj.) | Rs | 42.3 | 9.4 | 448.1% | |
| Cash flow per share (Unadj.) | Rs | 52.1 | 20.4 | 255.3% | |
| Dividends per share (Unadj.) | Rs | 0 | 2.00 | 0.0% | |
| Dividend yield (eoy) | % | 0 | 0.3 | 0.0% | |
| Book value per share (Unadj.) | Rs | 223.2 | 171.6 | 130.1% | |
| Shares outstanding (eoy) | m | 38.50 | 21.98 | 175.2% | |
| Bonus/Rights/Conversions | - | - | - | ||
| Price / Sales ratio | x | 0.3 | 3.0 | 10.8% | |
| Avg P/E ratio | x | 10.2 | 83.5 | 12.2% | |
| P/CF ratio (eoy) | x | 8.3 | 38.6 | 21.4% | |
| Price / Book Value ratio | x | 1.9 | 4.6 | 42.1% | |
| Dividend payout | % | 0 | 21.2 | 0.0% | |
| Avg Mkt Cap | Rs m | 16,592 | 17,309 | 95.9% | |
| No. of employees | `000 | 1.2 | NA | - | |
| Total wages/salary | Rs m | 914 | 1,110 | 82.3% | |
| Avg. sales/employee | Rs Th | 42,833.3 | NM | - | |
| Avg. wages/employee | Rs Th | 770.6 | NM | - | |
| Avg. net profit/employee | Rs Th | 1,372.6 | NM | - | |
| INCOME DATA | |||||
|---|---|---|---|---|---|
| Net Sales | Rs m | 50,800 | 5,703 | 890.8% | |
| Other income | Rs m | 34 | 89 | 37.9% | |
| Total revenues | Rs m | 50,834 | 5,792 | 877.7% | |
| Gross profit | Rs m | 4,064 | 459 | 885.1% | |
| Depreciation | Rs m | 378 | 241 | 156.7% | |
| Interest | Rs m | 1,514 | 0 | - | |
| Profit before tax | Rs m | 2,207 | 307 | 718.5% | |
| Minority Interest | Rs m | -8 | 0 | - | |
| Prior Period Items | Rs m | 0 | 0 | - | |
| Extraordinary Inc (Exp) | Rs m | 0 | 0 | - | |
| Tax | Rs m | 571 | 100 | 572.7% | |
| Profit after tax | Rs m | 1,628 | 207 | 784.9% | |
| Gross profit margin | % | 8.0 | 8.1 | 99.4% | |
| Effective tax rate | % | 25.9 | 32.5 | 79.7% | |
| Net profit margin | % | 3.2 | 3.6 | 88.1% | |
| BALANCE SHEET DATA | |||||
|---|---|---|---|---|---|
| Current assets | Rs m | 22,621 | 3,237 | 698.9% | |
| Current liabilities | Rs m | 18,108 | 1,176 | 1,539.8% | |
| Net working cap to sales | % | 8.9 | 36.1 | 24.6% | |
| Current ratio | x | 1.2 | 2.8 | 45.4% | |
| Inventory Days | Days | 56 | 73 | 76.8% | |
| Debtors Days | Days | 78 | 76 | 102.4% | |
| Net fixed assets | Rs m | 4,439 | 1,231 | 360.5% | |
| Share capital | Rs m | 385 | 220 | 175.2% | |
| "Free" reserves | Rs m | 7,972 | 3,551 | 224.5% | |
| Net worth | Rs m | 8,593 | 3,771 | 227.9% | |
| Long term debt | Rs m | 837 | 0 | - | |
| Total assets | Rs m | 27,926 | 5,071 | 550.7% | |
| Interest coverage | x | 2.5 | NM | - | |
| Debt to equity ratio | x | 0.1 | 0 | - | |
| Sales to assets ratio | x | 1.8 | 1.1 | 161.8% | |
| Return on assets | % | 11.3 | 4.1 | 275.1% | |
| Return on equity | % | 18.9 | 5.5 | 344.4% | |
| Return on capital | % | 39.4 | 8.1 | 483.4% | |
| Exports to sales | % | 29.6 | 9.8 | 300.6% | |
| Imports to sales | % | 43.9 | 23.6 | 186.0% | |
| Exports (fob) | Rs m | 15,036 | 562 | 2,677.8% | |
| Imports (cif) | Rs m | 22,284 | 1,345 | 1,656.6% | |
| Fx inflow | Rs m | 16,750 | 562 | 2,983.0% | |
| Fx outflow | Rs m | 22,284 | 1,562 | 1,426.9% | |
| Net fx | Rs m | -5,535 | -1,000 | 553.4% | |
| CASH FLOW | |||||
|---|---|---|---|---|---|
| From Operations | Rs m | 4,135 | 177 | 2,340.2% | |
| From Investments | Rs m | -1,522 | -424 | 359.4% | |
| From Financial Activity | Rs m | -2,248 | -51 | 4,442.5% | |
| Net Cashflow | Rs m | 365 | -298 | -122.6% | |
| Indian Promoters | % | 62.5 | 0.0 | - | |
| Foreign collaborators | % | 0.0 | 75.0 | - | |
| Indian inst/Mut Fund | % | 5.8 | 14.6 | 39.7% | |
| FIIs | % | 5.2 | 0.0 | - | |
| ADR/GDR | % | 0.0 | 0.0 | - | |
| Free float | % | 26.5 | 10.4 | 254.8% | |
| Shareholders | 27,145 | 5,531 | 490.8% | ||
| Pledged promoter(s) holding | % | 0.0 | 0.0 | - |
Compare APAR INDUSTRIES With: ADOR WELDING MANUGRAPH INDIA JAIN IRRIGATION LLOYD ELECTRIC GREAVES COTTON
Compare APAR INDUSTRIES With: SHANGHAI ELEC. (China) DONGFANG ELEC. (China) ANSALDO STS (Italy) ABB (Switz.)
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Benchmark indices in US corrected marginally by 0.8% during the week. Minutes of Federal Reserve's July meeting are out and the situation looks to be in favor of the emerging markets.
The company also saw order inflows of Rs 18 billion during the quarter, which was a massive 41% YoY lower than the previous year's quarter.
The domestic economy continues to grow largely in areas which are positively impacted through continuing government investments in infrastructure.
Decisions on government initiatives and private investments were stalled in anticipation of upcoming tax restructure.
Bank credit to industry remained muted and investment momentum was driven mostly by public sector spending.
Vast majority of private players remain more concerned with debt payback rather than starting new projects.
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