Apar Industries Limited (APARINDS) has reported impressive financial results for Q2 and H1 FY27. The company’s net profit after tax (PAT) surged 77.8% over Q2 FY26 to ₹447 crores. This robust performance is also reflected in the company’s overall revenue, which grew 21.3% in Q2 FY27 to ₹6,931 crores compared to the same period last year.

Consolidated Financial Highlights

The consolidated EBITDA for Q2 FY27 reached ₹787 crores, marking a significant 57.8% increase over Q2 FY26. For the first half of FY27, EBITDA grew 60.2% to ₹1,602 crores. The EBITDA margin also improved to 11.4% in Q2 FY27 from 8.7% in Q2 FY26.

Conductor Division Performance

The Conductor Division saw a revenue of ₹3,753 crores in Q2 FY27, up 21.1% year-on-year. The division’s EBITDA grew 11.3% to ₹276 crores. The division’s pending order book has increased by 67.2% to ₹12,025 crores compared to H1 FY26.

Oil Division Results

The Oil Division recorded a revenue of ₹1,819 crores in Q2 FY27, showing a 35.6% year-on-year growth. EBITDA for the division surged 185.7% to ₹299 crores in Q2 FY27. The division’s EBITDA margin improved significantly to 16.4% in Q2 FY27 from 7.8% in Q2 FY26.

As Apar Industries Limited continues to expand its order book and improve its financial metrics, the company is well-positioned for sustained growth in the coming quarters.

Source: NSE Corporate Announcement

Fundamental & Technical Analysis of Apar Industries Limited

Apar Industries Limited belongs to the Industrials › Electrical Equipment & Parts sector. Here’s a quick read on where the business and the stock stand today.

Apar gains 15.9% over three months and trades near its 52-week highs. The PEG reaches 3.57. The stock trades on brand and index weight, not on growth. Razor-thin margins below 5% make profitability extremely vulnerable — this business needs scale or pricing power urgently. The stock gives back 6.1% in the last month despite a positive three-month run. As a result, the earlier momentum appears to be fading. The business grows revenue at 17.0% and profits at 15.3%, with D/E of 0.13. The stock reflects that strength. Moreover, when fundamentals and price action align, the PEG of 3.57 premium is usually justified. Check Fundamentals of Apar Industries Limited.

Apar Industries Limited (APARINDS) breaks out with a +10% gain to ₹18430.0 on the NSE on 12 Aug 2026, clearing its 6M resistance trendline. This move follows the company’s announcement of a Qualified Institutional Placement and general updates from its Share Issue Committee meeting. Apar Industries, a key player in the electrical equipment and parts sector, has shown a strong upward trajectory, outperforming its sector with this breakout move, indicating robust company-specific momentum rather than broad sector gains.

Technical setup — trendlines & DMA

From a technical standpoint, Apar Industries has established a solid 6M support floor at ₹13524.48, currently sitting 26.62% above this level. The stock has decisively broken above its 6M resistance trendline at ₹16386.07, now trading 11.09% higher. The 50-DMA at ₹14708.3 is above the 200-DMA at ₹11073.1, signaling a bullish trend. However, the stock is 14% above the 50-DMA, suggesting it is in an extended phase. Within its 52W range of ₹6801.0–₹17157.0, the current price is in the upper third, indicating that a significant portion of the move is already priced in, though there’s still room for further gains.

Fundamentals & business context

Despite a PE of 57.2, Apar Industries’ profit margin of 4.8% and revenue CAGR of 17.0% suggest that the market may be pricing in future growth rather than current earnings. The company’s institutional ownership of 28.3% indicates a positive view from smart money, though there’s no specific NSE catalyst today beyond the institutional placement and general updates. This valuation and growth dynamic, coupled with institutional interest, paints a picture of a company with growth potential, albeit at a premium valuation.

Algorithmic scorecard

The overall algorithmic scorecard reflects a technically strong but fundamentally weaker position for Apar Industries. Two of the strongest signals are the bullish trend, with the 50-DMA above the 200-DMA, and the breakout above resistance levels with momentum, indicating a strong upward trajectory. Additionally, the stock’s excellent year-to-date performance and bullish sentiment over the last 30 days, with higher average volume on up days, point to systematic accumulation. On the flip side, the two weakest signals are the low profit margin of 4.8%, which leaves little room for error, and the PEG of 3.74, indicating the stock is overvalued relative to its growth rate. These risks suggest that while the technicals are strong, the fundamental valuation warrants caution.

Company outlook

Management’s forward guidance highlights several key areas of focus. Orders from High Voltage Direct Current (HVDC) projects are expected to significantly contribute to volumes and margins. The normalization of orders and inquiries following the moderation in copper and aluminum prices is also a positive sign. Additionally, the execution of large orders from two major overseas electric utility companies, with delivery schedules spread over the next few years, underscores a robust order book. Management plans to continue focusing on building capacity for growth through capital expenditures and participating in Requests for Quotations (RFQs) for copper cables in the U.S. market. These initiatives and plans position Apar Industries for sustained growth and market expansion.

Get all details on APARINDS — P&L, peers, shareholding and more on TradeAlone.

Apar Industries Limited (APARINDS) breaks out with a +5% gain today, clearing its 6-month resistance trendline. This move follows the company’s announcement of a Qualified Institutional Placement, signaling strong institutional interest. Apar Industries, a key player in the electrical equipment and parts sector, has seen its stock surge, outperforming the broader sector which has been mixed. Today’s breakout suggests that the market is increasingly optimistic about the company’s growth prospects, despite the sector facing mixed momentum.

Technical setup — trendlines & DMA

From a technical standpoint, Apar Industries has established a robust 6-month support floor at ₹13524.48, which is 23.11% below today’s price, indicating a strong base. The stock has decisively broken above the 6-month resistance trendline at ₹16386.07, now trading 6.84% higher, signaling a breakout. The 50-DMA at ₹14708.3 is above the 200-DMA at ₹11073.1, confirming a bullish trend. Currently, the stock is trading 14% above the 50-DMA, suggesting an extended move. In its 52-week range, the stock is in the upper third, 104% above the 52-week low and just 2.5% above the 52-week high, indicating that much of the potential upside may already be priced in.

Fundamentals & business context

On the fundamental side, Apar Industries’ PE of 57.2, coupled with a profit margin of 4.8%, suggests that the stock is trading at a premium relative to its current earnings. However, the revenue CAGR of 17.0% over the past five years indicates strong growth, which may justify the elevated valuation. The 28.3% institutional ownership reflects confidence from sophisticated investors, though the thin profit margin and overvalued PEG ratio of 3.74 suggest that the stock may be trading ahead of its growth rate. There was no specific NSE catalyst today, but the overall market sentiment and technical breakout are driving the move.

Algorithmic scorecard

The algorithmic scorecard reflects a technically strong but fundamentally weaker profile for Apar Industries. The overall score of 83 highlights this balance. Two of the strongest signals are the bullish trend, with the 50-DMA above the 200-DMA, and the breakout above resistance levels with momentum, indicating a positive market sentiment and strong upward movement. On the flip side, the two weakest signals are the low profit margin of 4.8%, which leaves little room for error, and the overvalued PEG ratio of 3.74, suggesting that the stock may be trading at a premium relative to its growth rate. These factors highlight the need for cautious optimism, as the technical strength may not be fully supported by the underlying fundamentals.

Company outlook

Management’s outlook for Apar Industries is positive, with orders from HVDC projects expected to significantly boost volumes and margins. The normalization of orders and inquiries following the moderation in copper and aluminum prices is a favorable sign. Additionally, the execution of large orders from two major overseas electric utility companies, with delivery schedules spread over the next few years, underscores a robust order book. The company plans to continue focusing on capacity building through capex investments and is actively participating in RFQs for copper cables in the U.S. market. These initiatives indicate a strategic push for growth and market expansion.

Get all details on APARINDS — P&L, peers, shareholding and more on TradeAlone.