A

Apar Industries Ltd
NSE:APARINDS

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Apar Industries Ltd
NSE:APARINDS
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Price: 11 927.5 INR 1.82%
Market Cap: ₹479.1B

EV/EBITDA

26.4
Current
48%
More Expensive
vs 3-y average of 17.9

Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBITDA
26.4
=
Enterprise Value
₹422.3B
/
EBITDA
₹18.1B

Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBITDA
26.4
=
Enterprise Value
₹422.3B
/
EBITDA
₹18.1B

Valuation Scenarios

Apar Industries Ltd is trading above its 3-year average

If EV/EBITDA returns to its 3-Year Average (17.9), the stock would be worth ₹8 072.92 (32% downside from current price).

Statistics
Positive Scenarios
0/4
Maximum Downside
-61%
Maximum Upside
No Upside Scenarios
Average Downside
40%
Scenario EV/EBITDA Value Implied Price Upside/Downside
Current Multiple 26.4 ₹11 927.5
0%
3-Year Average 17.9 ₹8 072.92
-32%
5-Year Average 10.2 ₹4 613.48
-61%
Industry Average 17.2 ₹7 749.77
-35%
Country Average 17.7 ₹7 966.37
-33%

Forward EV/EBITDA
Today’s price vs future ebitda

Today's Enterprise Value EBITDA Forward EV/EBITDA
₹422.3B
/
Jan 2026
₹18.1B
=
26.4
Current
₹422.3B
/
Mar 2026
₹19.1B
=
22.1
Forward
₹422.3B
/
Mar 2027
₹22B
=
19.2
Forward
₹422.3B
/
Mar 2028
₹25.5B
=
16.5
Forward

Forward EV/EBITDA shows whether today’s EV/EBITDA still looks high or low once future ebitda are taken into account.

Peer Comparison

All Multiples
EV/EBITDA
P/E
All Countries
Close
Market Cap EV/EBITDA P/E
IN
Apar Industries Ltd
NSE:APARINDS
470.5B INR 26.4 49.3
US
General Electric Co
NYSE:GE
300.7B USD 33.6 34.5
DE
Siemens AG
XETRA:SIE
188.6B EUR 14.8 23.6
JP
Hitachi Ltd
TSE:6501
23.4T JPY 14.1 28.4
US
Honeywell International Inc
NASDAQ:HON
141.1B USD 17.4 27.5
US
3M Co
NYSE:MMM
78.7B USD 17.5 24.2
ZA
Bidvest Group Ltd
JSE:BVT
80.1B ZAR 6.8 13.2
CN
CITIC Ltd
HKEX:267
370.6B HKD 0 5.6
US
Roper Technologies Inc
F:ROP
32.4B EUR 14.6 24.5
KR
Samsung C&T Corp
KRX:028260
49.7T KRW 10.9 20.4
HK
CK Hutchison Holdings Ltd
HKEX:1
248.6B HKD 6 20.9
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
IN
A
Apar Industries Ltd
NSE:APARINDS
Average EV/EBITDA: 16.2
26.4
17%
1.6
US
General Electric Co
NYSE:GE
33.6
18%
1.9
DE
Siemens AG
XETRA:SIE
14.8
14%
1.1
JP
Hitachi Ltd
TSE:6501
14.1
14%
1
US
Honeywell International Inc
NASDAQ:HON
17.4
8%
2.2
US
3M Co
NYSE:MMM
17.5
18%
1
ZA
B
Bidvest Group Ltd
JSE:BVT
6.8
6%
1.1
CN
CITIC Ltd
HKEX:267
Not Available N/A N/A
US
R
Roper Technologies Inc
F:ROP
14.6
8%
1.8
KR
Samsung C&T Corp
KRX:028260
10.9
10%
1.1
HK
CK Hutchison Holdings Ltd
HKEX:1
6
1%
6

Market Distribution

In line with most companies in India
Percentile
68th
Based on 2 785 companies
68th percentile
26.4
Low
0.4 — 11.9
Typical Range
11.9 — 27.8
High
27.8 —
Distribution Statistics
India
Min 0.4
30th Percentile 11.9
Median 17.7
70th Percentile 27.8
Max 47 834.4

Apar Industries Ltd
Glance View

Apar Industries Ltd., a seemingly cornerstone of India's industrial landscape, has long been immersed in the art of manufacturing and distributing an array of electrical and metallurgical products. Born in 1958, this seasoned company has artfully woven its operations around three core segments: the production of transmission conductors, specialty oils, and cables. These components are not just the bread and butter of the company; they resonate deeply with India’s infrastructural pulse, supporting both power and telecom industries across the globe. Each conductor they manufacture is more than just a twist of metal; it's a part of a broader symphony that powers homes, enterprises, and industries with implacable reliability. Their specialty oils ensure that transformers remain cool and machines continue their relentless hum, providing the necessary lubrication that oils the gears of modern progress. Apar Industries aligns itself strategically with the vast tides of global energy demands and infrastructure development. The revenue model is robust and diversified, reflecting a thoughtful approach to market needs. By supplying to sectors like power transmission and distribution, renewable energy, telecom, and defense, they mitigate risks often associated with market fluctuations. Their relentless pursuit of innovation and quality has seen them establish a firm foothold not just domestically, but in numerous international markets as well. With a keen eye for efficiency and scale, Apar Industries makes its money by leveraging economies of scale, fostering strategic partnerships, and maintaining a strong supply chain, all while embodying a forward-thinking ethos that anticipates future energy and technology trends. The company stands as both a product of its history and a harbinger of technological progress, channeling its earnings to further its journey in a rapidly evolving industrial landscape.

APARINDS Intrinsic Value
6 851.72 INR
Overvaluation 43%
Intrinsic Value
Price ₹11 927.5
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