Accumulate Apar Industries, target price Rs 6890: Prabhudas Lilladher

Prabhudas Lilladher has accumulate call on Apar Industries Ltd. with a target price of Rs 6890. The current market price of Apar Industries Ltd. is Rs 6243.7.

Apar Industries Ltd., incorporated in the year 1989, is a Small Cap company (having a market cap of Rs 24502.67 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 31-12-2023, the company reported a Consolidated Total Income of Rs 4034.16 Crore, up 2.27 % from last quarter Total Income of Rs 3944.74 Crore and up 2.25 % from last year same quarter Total Income of Rs 3945.55 Crore. Company reported net profit after tax of Rs 217.65 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 57.77 per cent stake in the company as of 31-Dec-2023, while FIIs owned 10.98 per cent, DIIs 18.62 per cent.