We are the world’s largest manufacturer of conductors.
Our comprehensive cable portfolio is paving the way for a sustainable future, connecting solar panels to the final grid connection with unmatched reliability and eco-friendliness.
FY 24 Financials
₹ 8030.98 Cr
Revenue
14.1% ⮝ YoY
₹ 873 Cr
EBITDA
22.0% ⮝ YoY
₹ 871 Cr
EBITDA post adj.
23.0% ⮝ YoY
2,06,633
KL Volume (KL)
29.0% ⮝ YoY
42,248
EBITDA per MT
-5.0% ⮝ YoY
42,141
EBITDA* per MT
-4.0% ⮝ YoY
Highlights
- Delivered 2,06,633 MT of products globally.
- Supplied 45% total output in India, as the dominant player in the manufacturing of High Efficiency Conductor (AL-59 conductors).
- Launched new products – Speciality copper conductor for high-speed railways, 96 Fibre optical ground wire (OPGW) & various new types of CTC for the transformer industry.
- Completed a significant project in Australia valued at USD 33 million.
- Completed a total of 165+ turnkey solution projects, installing over 10,500 Route KMS since the start of the HTLS turnkey business.
Manufacturing
- De-bottlenecked the capacity for manufacturing Alloys / HEC / HTLS from ~ 3120 kms per month to 5722 kms per month.
- Acquired 2 new plants for enabling re-structuring of various additional activities and expansions.
- Spent capex of 137 Cr on adding capabilities, improving productivity, reducing cost, ESG, R&D and adding capacity to manufacture, test and install high-value added products.
Pioneering statements
- Tested successfully the first 765kv & 800kv conductors in India.
- Serving loyal customers in 100+ countries spanning six decades.
- Supplying to all top 25 global turnkey operators and leading utilities.
- Collaborated for technology tie-up with CTC-Global, USA, for ACCC conductors.
- Received the ‘excellent performance award’ for exceptional work on the
5000+ route kilometres OPGW installation project under live line conditions, including essential telecom integration work at the recent ‘CEO meet-2024’ organised by Power Grid.
APAR’s Innovations in Greener Conductors
High Temperature Low Sag Conductors (HTLS) conductors
Our high performance HTLS conductors offer the following advantages over conventional Aluminium Conductor Steel Reinforced or All Aluminium Alloy Conductors:
- Reduced carbon footprint: HTLS conductors can transmit double the power & hence require less aluminium for equivalent conductivity, reducing material extraction and energy consumption during production.
- Energy efficiency: HTLS conductors are more energy-efficient for power transmission on account of lower resistance, moderating energy consumption and greenhouse gas emissions.
- Enhanced reliability: HTLS conductors offer higher ampacity and resilience to environmental factors like ice and wind, resulting in lower power outages and a more reliable electricity supply for communities and industries.
- Safety: The higher strength-to-weight ratio of HTLS conductors reduces sagging and risks of line breaks, enhancing safety. The reduced downtime for maintenance improves safety and productivity.
Cable Solutions
Our comprehensive cable portfolio is paving the way for a sustainable future, connecting solar panels to the final grid connection with unmatched reliability and eco-friendliness.
FY 24 Financials, Cable and Telecom Solutions
₹ 439 Cr
EBITDA
26.0% ⮝ YoY
₹ 438 Cr
EBITDA post adj.
27.0% ⮝ YoY
11.40
EBITDA Margin
11.40
EBITDA Margin %
Highlights
- From India to the World: APAR Cable’s Exports
- Leading the segment with 14 UL approvals, including the prestigious UL1072 for XLPE medium voltage cables, APAR showcases its commitment to international standards.
- In the USA, APAR’s new relationships in the renewable energy sector have driven substantial order inflows. USA remains to be our largest market for exports and will continue to drive growth in the near future. We are working towards widening our base in the USA.
- Additionally, the company has expanded its market reach to Bahrain, Costa Rica, Mali, Burundi and Papua New Guinea. With CPR approvals for Euro class categories ECa and DCa, APAR is well-positioned to meet the UK market’s needs.
Manufacturing
- 2 leading-edge manufacturing plants at Khatalwada and Umbergoan, Gujarat with 2 CCV lines each for HT and rubber Cables, and 4 Electron
Beam accelerators (E-beam) accelerators of 1.5 MeV, 2 x 2.5 MeV, 3 MeV. - Commissioned 1.2 MeV new E-beam line and 1 new CCV line each for HT and rubber cables.
- Implementing Industry 4.0 practices of automation and data exchange in Manufacturing Technologies.
- Upgraded to a SMART factory, incorporating Cyber-Physical Systems, IoT, Robotics and Cloud Computing, thereby enhancing machinery line speed and efficiency.
- Awarded Gold & PAR Excellence Awards in national competitions by QCFI (Quality Circle Forum of India), KAIZEN Institute, and CII (Confederation of Indian Industry).
- ISO Certified & NABL accredited labs with the following certifications: Quality Management System (QMS) – ISO 9001, Environmental Management System (EMS) – 14001, Occupational Health & Safety (OHSAS) – 45001.
Pioneering statements
- 6th Largest player in the Indian Cables & Wires market organised sector, with 8% market share.
- Fastest-growing cables and wires player based on a 5 year CAGR.
- India’s largest exporter, a leader in CATV broadband fibre optic cables.
- First mover advantage in E-beam for house wiring, offering products with 50 year lifespan, melt resistance, and flame retardancy up to 105° C.
- Developed and introduced specialized OFC cables, tether cables, tactical cables, submarine pressure tight cables, and torpedo cables, for defence and shipyards.
Energizing a Greener Future, APAR’s Cable Innovations
Our comprehensive cable portfolio is paving the way for a sustainable future, connecting solar panels to the final grid connection with unmatched reliability and eco-friendliness.
Designed to meet stringent global standards, and crafted with sustainability at the forefront, our cables are manufactured using greener methods that consume
less energy and produce less waste, all while boasting a longer lifespan. These efforts are crucial in driving the green revolution, ensuring that the current energy transition is not only possible but also efficient and enduring.
Telecom Solutions
Leveraging its extensive experience across multiple industries and backward integration capabilities, APAR delivers unique, high-quality cable solutions that adhere to global standards.
Highlights
- Grew our domestic market share with a shift in sales strategy from channels to direct end customer sales and grabbed orders from all major telecom entities across India.
- Efforts in engineering and development have resulted in newly developed products being UL & CPR certified, opening up markets in the USA, Europe and MEA.
- Received “Aegis Graham Bell Award” for our innovation in Hybrid Cables
- Established connectorized products range, a value added solutions for our renewable energy and defence customers.
- Entered in Telecom services business with one of the leading Telco in the country.
Sustainability meets the future, APAR Telecom Solutions
APAR ‘Giga-Volt’ Hybrid Cable Solution
APAR has developed the branded ‘Giga-Volt’ hybrid cable to meet the converged connectivity needs of 5G, Wi-Fi, DAS, IoT, and M2M. Giga-Volt combines fiber and copper conductors into one cable, delivering both power
and data to remote devices, bringing several advantages:
- Reduced Material Usage: Combines power and data transmission.
- Cost-Effective Installation: Saves time, space, and capital by deploying a single cable.
- Faster Network Rollout: Streamlines infrastructure for quicker deployment of advanced networks like 5G.
- Simplified Cable Management: Reduces complexity by using one cable instead of multiple.
- Lower Cost of Ownership: Slim design supports all network topologies, reducing overall costs.
Specialty Oils
APAR’s fifty five year journey in this segment has transformed it into India’s largest private blender and marketer of speciality oils.
FY 24 Financials, Speciality Oils, Lubricants and Speciality Automotive
₹ 4836.93 Cr
EBITDA
4.2% ⮝ YoY
₹ 315 Cr
EBITDA
27.0% ⮝ YoY
₹ 309 Cr
EBITDA post adj.
33.0% ⮝ YoY
537,862
KL Volume (KL)
11.0% ⮝ YoY
5,854
EBITDA per MT
15.0% ⮝ YoY
5,746
EBITDA* per MT
20.0% ⮝ YoY
Highlights
- Over 49% T-Oil sold to overseas markets.
- Expanded T-Oils capacity and geographic spread.
- Global transformer oils volumes up 15% vs. FY22-23.
- Developed a high performance Synthetic Ester Transformer Oil.
Manufacturing
- Ranked as the world’s thirdlargest supplier of White Oils in FY23.
- All time high production at our Rabale plant.
- Proximity to customers in the Middle East & East Africa and seeking new avenues for bulk exports through the Al-Hamriyah, Sharjah plant.
Pioneering statements
- Manufacturing since 1958, 500+ different types of Speciality Oils.
- India’s largest Private manufacturer and exporter of Speciality Oils.
- World’s 3rd Largest Transformer Oil manufacturer.
- Pioneer in Transformer Oils in India, 60% market share in power transformers.
- Only Indian company to win entire T-Oil supply to all major HVDC projects in India.
Transforming Industries Toward Sustainability: APAR’s Innovations
Natural Ester-Based & Synthetic Ester-Based Transformer Fluids
APAR’s natural ester-based fluids offer high biodegradability and exceptional fire safety, ideal for fire-sensitive applications. APAR’s Synthetic ester-based alternatives provide higher bio-degradability compared to mineral oils and also provide extended service life and high temperature resistance, suitable for demanding environments, reducing losses through better heat transfer and simplifying disposal. These newly developed T-oils are ideal for environmentally sensitive installations of solar and wind on the water or near
water bodies. They also provide superior performance in traction transformers used to power locomotives.
High-Purity White Oils
APAR is one of the few suppliers globally for the manufacture of White oils used in hot melt adhesives. These are specially formulated naphthenic type white oils used in sensitive applications like sanitary napkins, diapers, and food grade labels, diapers, and food grade labels.
Speciality Automotive
Highlights
- Introduced 3-wheeler automotive batteries for the Indian Automotive Aftermarket
- Developed Warranty Portal Analytics for Business Customers (Dealers
& Distributors) which enhances the warranty experience at an SKU level - Launched a new segment of 2-wheeler tyres tailored for larger bikes (above 150cc)
- Initiated export business for 2 and 3-wheeler tyres
In 2018, APAR launched ARKOS, a brand of PSPL based in Singapore, with a bold vision to revolutionize the world of mobility solutions. Through its collaboration with APAR, ARKOS focuses on automotive lubricants. These lubricants are specifically designed for the automotive aftermarket in India. By offering specialized lubrication solutions, the company aims to cater for vehicle maintenance and performance enhancement.
ARKOS has expanded its product line to include batteries for two-wheelers and three-wheelers, aiming to offer comprehensive vehicle power solutions. Alongside, ARKOS also markets tyres and tubes, catering to 2-wheelers, 3-wheelers, and electric vehicle (EV) 3-wheelers. This diversification into essential vehicle components supports mobility solutions across a broad spectrum of segments.
In India, ARKOS has established a widespread distribution network. Taking this strategic step ensures that their products are available nationwide, meeting the needs of customers throughout the country.
ARKOS’s emphasis on being technically advanced and innovative, while also focusing on affordability, positions them competitively in the automotive aftermarket. Their collaborations and product range underscore a holistic approach to addressing mobility challenges and enhancing vehicle performance and reliability.
Industrial Lubricants
Today, APAR is in the top six industrial lubricant marketers in India. APAR’s Industrial lubricants, under the brand name POWEROIL, cover a wide range of equipment and applications for general lubrication and metal working fluids. These play a critical role in elongating the lifespan and contributing to the effective protection and performance of equipment for rotating machinery, metalworking, and quenching applications.In the last few years, APAR’s R&D teams have focused on developing a more environmentally friendly range of lubricants.
Automotive Lubricants
Under the brand names POWEROIL and Eni (APAR Industries Ltd. entered into a licensing agreement with ENI S.p.A. since 2007) Our diverse Automotive Lubricants portfolio caters to the entire range of vehicles, including motorcycles, tractors, passenger cars, trucks and buses. By selecting the appropriate lubricants from our large range of products, customers can achieve extended drain intervals, increased protection and reduced wear of critical components, and increased fuel efficiency. We have also launched a comprehensive range of auto lubricants that lower emissions to meet stringent BS-VI standards. Backed by a strong commitment to quality and meeting set global standards, APAR continues to explore alternative base oil technologies, such as synthetic and bio-based options to reduce the environmental impact of its lubricant products while maintaining high performance standards.
Highlights
- Introduced 3PL (3rd Party logistic services) for OEM/Private labels like Federal Mogul, Fleetguard, Spark Minda, etc. to responsibly handle the entire supply chain for OEMs from blending to delivery.
Manufacturing
- Expansion of manufacturing capacity in Al-Hamariyah
- Doubling Industrial & Automotive blending and automated packing capacity
Pioneering statement
- Leading supplier to tractor OEMs – TAFE, Eicher, ITL, Escorts
- Expanded metal working range of lubricants in Neat and Emulsion based cutting fluids.
- Includes over 150 grades in lubricant portfolio that meets the latest BIS and international standards
APAR’s Eco Engineered Excellence in Industrial Lubricants
- POWEROIL Ultra Edge and Ultra Grind series used in machining applications reduce environmental impact with over 90% biodegradability. These synthetic ester-based lubricants improve productivity, conserve resources with extended service, and ensure safety with high thermal stability.
- POWEROIL COOL POEbased refrigeration oils minimize friction, optimizing cooling system efficiency. These oils offer stability over time, extending equipment lifespan and reducing energy consumption, contributing to sustainable operations.
- APAR has pioneered the manufacture and marketing of a specialized line of lubricants under the ENI brand tailored for booster compressors integral to the expanding CNG fuelling infrastructure in urban areas. With stringent emissions regulations driving a shift from liquid fuels to cleaner CNG, Eni’s innovative approach has secured a leading 50% market share in this vital sector, supporting both sustainability and operational efficiency in urban transport.
Driving Green Progress: APAR’s Advanced Automotive Lubricants
In response to BS-6 emission norms and for increased fuel efficiency, APAR developed Eni Tractor Maxx FE 15W-40 engine oil. This lubricant, as evidenced by successful trials conducted with tractors OEMs yields fuel savings of 2.5% and an extended drain interval of 500-600 hours, compared to the previous 300 hours.
APAR has further developed a specialized line of tractor transmission fluids under the brand name Power Sona Ultra, tailored for special application
tractors in both domestic and export markets. These low-viscosity fluids (10Cst, 20Cst, and 32 Cst) work in harmony with the engine oils to optimize fuel efficiency. To comply with the stringent CAFE (Corporate Average Fuel Economy regulations) regulations, engine oils for petrol and diesel passenger cars, must now be engineered to strike the optimal balance between fuel efficiency and durability, ensuring extended drain intervals and superior performance.
APAR has launched Eni I-Sint Levo Ultra, which meets the latest API SP and ILSAC GF-6 standards. Offering fuel efficiency without compromising durability and performance for passenger cars and Eni I Sigma Performance
Syntech – API CK4 5W-30 for commercial vehicles.
APAR has also launched Eni I-Sint Levo Ultra, a fully synthetic 100% PAO-based oil. It provides exceptional protection and extended drain intervals for premium vehicles such as Mercedes, BMW, Audi, and Porsche, and Eni I Sigma Turbostar Syntech – API CI4 Plus 15W-40 for commercial vehicles.
The newly developed Poweroil Cruise Sonic LS: is designed to meet ACEA C2, C3, and C5 specifications and MercedesBenz 229.31 standards., This oil is ideal for cost-conscious consumers in export markets seeking tangible fuel economy benefits.
AdBlue diesel exhaust fluid is a game-changer in the quest for cleaner transportation. Formulated to the highest purity standards, this innovative solution plays a pivotal role in the selective catalytic reduction (SCR) process, slashing nitrogen oxide (NOx) emissions by 85% and thus meeting the Bharat VI standards. APAR was the first company in India to be approved to the VDE Germany for Ad Blue. APAR also markets Eni I Sigma Performance Syntech – API CK4 15W-40 for commercial vehicles which is compatible with emission control devices.
As can be seen from the series of new products developed for the Automotive sector, APAR remains focused on reducing fuel consumption, increasing drain intervals and reduced emissions with best-in class products meeting all the relevant global standards.
Polymers
APAR Polymers has achieved a significant market share in the highly competitive TPE (Thermoplastic Elastomer) space.
ESTABLISHED in 2014, the division has risen to become one of the Top 3 TPE manufacturers in India in less than a decade. In the 2023-24 fiscal year, APAR Polymers set its sights on expanding its global footprint, actively participating in international exhibitions across West Asia, South Asia, and Southeast Asia.
APAR Polymers secured approvals from leading automotive original equipment manufacturers (OEM) in India and obtained the International Automotive Task Force (IATF) certification to boost growth and client confidence. To support its ambitious growth plans, APAR Polymers further increased its production capacity and diversified its product range looking towards increasing global market sales.
Highlights
- Expanded our reach to new international geographies including South Asia, Gulf countries, Algeria, Oman, Dubai and Australia
- Horizontal Integration with new customers in the toy manufacturing segment
Manufacturing
- Introduction of new product lines, namely PVC Compound, PP Compound, Engineering Compound & Cable compound.
- Developed a PE-based white color Anti-Track Master-Batch Compound, featuring a specially designed additive package to provide excellent track resistance and outstanding weathering resistance. This compound is designed for the jacketing of XLPE power cables used in medium-voltage power transmission lines.
- Increased production capacity from 5000 MT per month to 35000 MT per month across all product categories.
Pioneering statement
- Top raw material supplier for the Car Foot Mat in the automotive industry
- Supplying TPE raw material to the top toy manufacturers in the world
- Launched PVC compound and swiftly earned the market’s trust
- Increased our presence in the Wire & Cable Industry with the new development of materials for Cable Sheathing Applications and Mobile charger data cable applications
- Top raw material supplier for the Windows Beading & Profile in the construction industry
APARPRENE, Advancing EcoConscious Plastic Solutions
Marketed as APARPRENE®, APAR Polymers offers a range of polymer compounds, including Thermoplastic Elastomers (TPEs), Thermoplastic Vulcanizates (TPVs), Modified Thermoplastic Polyurethane (Modified TPU), Thermoplastic Rubber (TPR), and Thermoplastic Polyester Base Elastomer (TPE-E), Cable Compounds (XLPE/ HFFR) & Engineering Compounds that are positioned as eco-friendly and recyclable alternatives to materials like PVC and thermoset rubber.
The APARPRENE® polymer compounds can replace PVC and thermoset rubber, providing customers with 100% recyclable and sustainable product options.
APAR Polymers is currently working on the development of bio-based TPE compounds, which will help maintain the performance of their products while reducing the overall carbon footprint.
