APAR Industries shares soared 4% to hit a new high of ₹16,740.85 on Tuesday's intra-day trade, surpassing its previous high of ₹16,674.80 touched on June 18, 2026. According to Business Standard, the stock has demonstrated exceptional momentum with a 34% surge in the past month compared to just 1% rise in the BSE Sensex. More significantly, the stock has zoomed 146% from its calendar year 2026 low of ₹6,800 touched in January 2026, reflecting strong investor confidence in the company's strategic expansion plans and growth prospects.
According to reports from CNBC TV18 and Business Standard, APAR Industries Ltd announced that its wholly owned subsidiary, APAR Industries Middle East Limited, KSA, has signed an agreement with Saudi Aramco Base Oil Company to supply base oils within the LubeHub Value Park in Yanbu. The agreement is specifically aimed at strengthening the downstream industrial ecosystem and enhancing local content in the region. Under this arrangement, APAR will supply base oils within the LubeHub Value Park in Yanbu, enabling the company to produce its flagship transformer oils along with a range of other specialty oils. As per Business Standard, the agreement supports downstream growth and development within the LubeHub ecosystem, with Saudi Aramco Base Oil Company stating that this move aims to strengthen the company's local manufacturing presence in the Middle East and support its long-term growth targets.
According to Business Standard, APAR Industries delivered its highest-ever annual revenue and profits for FY26, with consolidated revenue growing 23.3% year-on-year to ₹22,902 crore. The company's EBITDA grew 23.0% YoY to ₹2,067 crore at EBITDA margin of 9.0%, while profit after tax jumped 19% YoY to ₹977 crore. For Q4 FY26, APAR reported revenue of ₹6,603 crore, up 26.7% YoY, with growth primarily driven by domestic business and improved product mix. The company secured order inflow of ₹11,450 crore during the year, with the order book standing at ₹7,671 crore as of March 31, 2026. Shipments to the United States were also higher in the reported quarter, contributing to the strong performance.
As reported by CNBC TV18, APAR Industries Chairman and Managing Director Kushal Desai expects the company's profits to at least double over the next four to five years as it expands capacity, grows its cable business, increases its presence in the US market and benefits from rising investments in power transmission and data centre infrastructure. The company, which closed the last financial year with revenue of around ₹23,500 crore, is targeting annual revenue additions of ₹4,000-5,000 crore through a combination of organic growth and fresh capacity. Desai stated that the company is aiming for at least 15% annual growth over the coming years, supported by strong fundamentals in energy infrastructure with growth in T&D, rising electricity demand, data centre expansion, and significant investment in ultra-high voltage transmission infrastructure.
According to CNBC TV18, the company's cable business represents a key driver of growth, with APAR targeting 25% annual growth over the next five years. To support this expansion, more than half of the company's planned capital expenditure is being directed towards increasing cable manufacturing capacity. The company is investing heavily to prepare for the next phase of growth, having invested about ₹700 crore last year and planning to invest another ₹1,500 crore over the next 18 months, taking total investment to roughly ₹2,200 crore. As per Business Standard, the cables business witnessed healthy traction across renewables, utilities, railways, defence and data centres, with the company already supplying to multiple hyperscale US data-centre projects. The company offers a complete range of specialized cables for infrastructure equipment and is one of the largest suppliers of lubricant for tractor manufacturers and farming equipment in India.
