Shares of Apar Industries Ltd jumped nearly 12%, touching an intraday high of ₹7,749, as investors responded positively to the company’s strong performance in Q4 FY25. The stock was last trading 11.68% higher at ₹7,738.05, marking a remarkable 53.11% surge over the past month.
The rally was fueled by a solid quarterly performance and a bullish outlook on the company’s conductors segment. According to Prabhudas Lilladher (PL), Apar’s conductor order book currently stands at ₹6,890 crore, with ₹2,550 crore from domestic orders and ₹4,340 crore from exports. Notably, premium products account for 44.8% of the order book.
PL stated that Apar’s continued focus on value-added products and robust export demand are likely to sustain topline growth and profitability. The brokerage upgraded its SoTP-derived target price to ₹8,877 (from ₹6,890 earlier), citing a strong business outlook across all verticals — conductors, cables, and specialty oils. The stock is currently trading at a P/E of 41.3x for FY25E and 32.2x for FY26E, with PL maintaining an ‘Accumulate’ rating.
Meanwhile, Nuvama Institutional Equities reiterated its ‘Buy’ rating, highlighting Apar’s strategic shift towards premium conductors and specialty cables, along with an increase in US exports, as key drivers of future growth. While the brokerage trimmed its FY26E and FY27E EPS estimates by 4%, it raised its target price to ₹10,500, assigning a 35x multiple on FY27E EPS.
In terms of performance, revenue from the conductors segment saw a 24.5% year-on-year increase to ₹2,890 crore. However, the EBIT margin came in at 8.3%, down from 11.6% in Q4 FY24.
Despite the bullish sentiment, both BSE and NSE have placed Apar Industries under the long-term ASM (Additional Surveillance Measure) framework, a move designed to caution investors about the high volatility in the stock. On the trading front, the scrip witnessed a significant spike in volume, with 28,000 shares changing hands on BSE, well above the two-week average of 11,000 shares. The turnover stood at ₹23.72 crore, contributing to a market capitalisation of ₹31,232.07 crore.
