Apar Industries shares were trading at ₹14,135.00, reflecting a 2.84% increase from its previous close, as of 9:16 am on Friday. This positive movement positions Apar Industries among the active stocks on the Nifty Midcap 150 index during today's session. The stock continues to demonstrate upward momentum following the brokerage's recent upgrade from 'Hold' to 'Accumulate' with a revised target price of ₹14,720.
Apar Industries reported consolidated revenue of ₹6,591.06 crore for the quarter-ending June 2026, marking a slight decrease of approximately 0.18% from ₹6,602.81 crore recorded in the preceding quarter (March 2026). However, Net Profit for Q1 FY27 significantly rose to ₹467.19 crore, an increase of approximately 84.42% compared to ₹253.32 crore in March 2026. Earnings Per Share (EPS) also saw a substantial rise to ₹116.37 in June 2026, up from ₹63.09 in the previous quarter, an increase of about 84.45%.
Prabhudas Lilladher has upgraded Apar Industries from 'Hold' to 'Accumulate' with a revised target price of ₹14,720 in its research report dated July 25, 2026. According to the brokerage's report, the upgrade is based on stronger-than-expected earnings, an improving premium product mix, robust order inflows and improving growth prospects. The previous target price was ₹13,309, indicating a significant upward revision that appears to be validated by the company's strong quarterly performance.
In the Conductors segment, premium products contributed ~50.3% of revenues (vs. ~43.7% YoY), driving record EBITDA per tonne of ~₹53,418, while the order book remained robust at ~₹101.9 billion. According to Prabhudas Lilladher's analysis, the order book was supported by ~₹28 billion of multi-year utility orders from the US and Europe. The Cables business reported healthy growth, supported by robust domestic demand, while recent approvals from Meta, Microsoft and Google are expected to strengthen APAR's presence in the US data centre cable market.
On an annual consolidated basis, Apar Industries demonstrated consistent growth with revenue climbing from ₹9,319.99 crore in 2022 to ₹22,902.12 crore in 2026, representing a substantial increase of approximately 145.72%. Net Profit followed a similar upward trajectory, increasing from ₹256.61 crore in 2022 to ₹976.85 crore in 2026, a rise of roughly 280.60%. The EPS also improved from ₹67.09 in 2022 to ₹243.21 in 2026, showing an increase of about 262.51%. For the year-ending March 2026, the company reported a Basic EPS of ₹243.21 and a Diluted EPS of ₹242.81, with a Book Value Per Share (BVPS) of ₹1,342.64.
