Accumulate Apar Industries, target price Rs 5630: Prabhudas Lilladher

Promoters held 60.64 per cent stake in the company as of 30-Sep-2023, while FIIs owned 9.09 per cent, DIIs 17.06 per cent.

By ETMarkets.com | Updated: Oct 27, 2023, 10.31 AM IST

For the quarter ended 30-06-2023, the company reported a Consolidated Total Income of Rs 3786.87 Crore

Prabhudas Lilladher has accumulate call on Apar Industries Ltd. with a target price of Rs 5630.
The current market price of Apar Industries Ltd. is Rs 5271.

Apar Industries Ltd., incorporated in the year 1989, is a Small Cap company (having a market cap of Rs 19995.35 Crore) operating in Diversified sector.

Apar Industries Ltd. key Products/Revenue Segments include Electrical Equipment, Scrap, Export Incentives and Sale of services for the year ending 31-Mar-2023.

Financials
For the quarter ended 30-06-2023, the company reported a Consolidated Total Income of Rs 3786.87 Crore, down -7.62 % from last quarter Total Income of Rs 4099.26 Crore and up 22.25 % from last year same quarter Total Income of Rs 3097.71 Crore. Company reported net profit after tax of Rs 197.47 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 60.64 per cent stake in the company as of 30-Sep-2023, while FIIs owned 9.09 per cent, DIIs 17.06 per cent.

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