Echoes of Progress
Celebrating 65 years of excellence
In the last financial year, we celebrated 65 years of excellence, marking a significant milestone in our journey.
Founded in 1958 by Shri Dharmsinh Desai, we have proudly contributed to India’s
remarkable growth story. Our dedication and pioneering spirit in engineering excellence define our legacy.
Rooted in entrepreneurship, we have expanded into seven business verticals with a global presence. Our commitment extends beyond business as we uphold Environmental, Social, and Governance (ESG) principles and Corporate Social Responsibility (CSR). Our vision is to lead with ‘Tomorrow’s solutions, today,’ ensuring a sustainable future for the energy landscape and beyond.
Celebrating 65 years of excellence
The company successfully raised ₹1000 crores by issuing 18,99,696 equity shares having a face value of ₹10 per share at a premium of ₹5,254 per share to eligible qualified institutional buyers. The money so raised has been deployed towards working capital requirement of the Company.
The QIP (Qualified Institutional Placement) has rebalanced the debtequity ratio, strengthened the credit rating, and subsequently obtained non-fund-based limits at a lower cost.
Unprecedented financial year excellence
In the competitive landscape of manufacturing, APAR Industries has emerged as a leader across its businesses, showcasing an exemplary financial performance in FY 2023-24.
Key Highlights
Revenue surge
APAR Industries witnessed a remarkable surge in revenue, marking 13% growth compared to the previous fiscal year. This feat is attributed to the company’s robust business strategies focused on market adaptability and a customer-centric approach.
Profitability increase
Profits soared to new heights, reflecting 29% increase from the previous year. This achievement underscores APAR’s efficiency in cost management, operational excellence, and strategic investment decisions.
Market expansion
Despite economic uncertainties, APAR Industries expanded its market footprint both domestically and internationally (expand in exports from 6,994 to 7,296). Through strategic alliances, acquisitions, and market penetration strategies, the company solidified its position as a global player in the manufacturing sector.
Our market capitalisation
We are listed on the Bombay Stock Exchange Limited and National Stock Exchange of India Limited. Our company achieved a market capitalisation of H28,065 crore, based on closing share price quoted on Bombay Stock Exchange as at the end of the year. This is a 192.95% increase compared to last year, of complete organic growth.
With customer-centric strategies driving international growth and vision alignment across our business segments, we have successfully innovated new products and technologies through rigourous research and development. Our focus on sunrise sectors like solar and wind cables, MVCC conductors, light-duty cables, and ecofriendly transformer oils, which support the global energy transition from traditional to renewable sources, enhancing our financial performance globally.
