Is Apar Industries the Best Stock in Its Sector? A Look at the Numbers
- October 16, 2026
- Posted by: Ankit Jaiswal
- Category: Market
Apar Industries CMP Rs 16,914 (16 Oct 2026). Market cap Rs 70,803 Cr. ROE 18.11%. P/E 59.93x versus Industry P/E 45.89x.
Quick Answer
Apar Industries is one of the names investors compare when screening the Electricals sector. Whether it is the best stock in its sector depends on whether an investor prioritises return ratios, valuation or balance sheet strength. This article sets it against two named peers and the sector benchmark so you can judge for yourself.
Is Apar Industries the best stock in its sector? The stock trades on the NSE at Rs 16,914 as of 16 October 2026, within its 52-week range of Rs 6,801.00 to Rs 19,265.00. The sections below cover the business, the key ratios, a peer comparison and a closer look at valuation.
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About Apar Industries
Apar Industries Ltd is a Mumbai based manufacturer of conductors, cables and specialty oils. Its products include aluminium alloy conductors for power transmission, power and telecom cables, and transformer and industrial oils, with a meaningful share of sales coming from exports. At a market capitalisation of Rs 70,803 Cr, it is tracked as part of the Electricals sector on Univest.
Is Apar Industries the Best Stock in Its Sector?
Apar Industries’ case in the sector rests on return quality rather than cheap valuation, since the stock trades at a premium to its Industry P/E. Apar Industries’ 59.93x P/E is above the 45.89x Industry P/E, Polycab India at 38.67x and KEI Industries at 43.94x, while its 18.11% ROE is lower than Polycab India at 22.25%, though higher than KEI Industries at 13.78%, and its debt to equity ratio of 0.18 is above Polycab India at 0.02 and KEI Industries at 0.04.
| Metric | Apar Industries |
|---|---|
| CMP (NSE) | Rs 16,914.00 |
| 52-Week High / Low | Rs 19,265.00 / Rs 6,801.00 |
| Market Cap | Rs 70,803 Cr |
| P/E (TTM) vs Industry P/E | 59.93x vs 45.89x |
| P/B | 8.97 |
| ROE | 18.11% |
| EPS (TTM) | Rs 282.17 |
| Dividend Yield | 0.34% |
| Debt to Equity | 0.18 |
Compare Apar Industries Against Other Electricals Sector Stocks
How Apar Industries Compares Against Its Electricals Sector Peers
The table below sets Apar Industries against 2 other Electricals sector names, using the same live data source for every company. A peer average row is included for P/E, ROE and debt to equity, calculated across the 2 peer companies.
| Company | Market Cap (Rs Cr) | P/E | ROE | Debt to Equity |
|---|---|---|---|---|
| Apar Industries | 70,803 | 59.93 | 18.11% | 0.18 |
| Polycab India | 1,23,827 | 38.67 | 22.25% | 0.02 |
| KEI Industries | 43,797 | 43.94 | 13.78% | 0.04 |
| Peer average (2 companies) | – | 41.30 | 18.02% | 0.03 |
Measured against the peer averages, Apar Industries’ P/E is 45 percent above the 41.30x average, and its ROE is almost level with the 18.02% average. An average of just two companies is a rough guide, so treat the gap as a pointer for further research and not as a verdict.
What Makes Apar Industries Worth Watching in Electricals
- Scale: At Rs 70,803 Cr, its market capitalisation is larger than KEI Industries (Rs 43,797 Cr), though smaller than Polycab India (Rs 1,23,827 Cr), which is a useful reminder that the peers differ in size as well as in valuation.
- Sector drivers: Spending on transmission and distribution networks, renewable evacuation lines and export orders for conductors are the main drivers of its order flow.
- Key risk: The stock trades at a high multiple of earnings, and swings in aluminium, copper and crude oil linked input prices can affect margins.
Apar Industries Valuation: Is It Justified?
At a P/B ratio of 8.97, the market pays about Rs 8.97 for every rupee of book value, and the EPS (TTM) of Rs 282.17 is the earnings base behind the P/E. The stock trades about 12 percent below its 52-week high and about 2.5 times its 52-week low. The dividend yield of 0.34% is a modest income component, so returns depend mainly on the share price. As with any single stock, investors should weigh these figures against their own valuation discipline and risk appetite rather than the sector label alone.
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Download the Univest iOS App or Univest Android App to track Apar Industries and other Electricals sector stocks.
How to Track Apar Industries Before You Invest
Before deciding whether Apar Industries deserves its label as the best stock in its sector for your own portfolio, compare it directly against Electricals sector peers using the steps below.
- Open the Univest Screener and search for Apar Industries to view live price, valuation ratios, and peer comparisons within the Electricals sector.
- Compare its P/E, P/B, and ROE against other Electricals sector stocks before deciding if the current valuation fits your strategy.
- Set a price alert around key support and resistance zones using the Univest app so you are notified of meaningful moves.
- Open a broking account on Univest if you decide to add the stock, and size the position based on your own risk appetite and portfolio allocation.
Conclusion
Apar Industries gives investors a clear set of numbers to work with, from returns and valuation to leverage and peer standing. Whether it earns the label of best stock in Electricals depends on how much weight you give each of them and on how the business executes from here. Because the stock trades above its sector benchmark, execution matters more than usual if the current valuation is to hold. As with any individual stock decision, this analysis is educational and investors should do their own research or consult a SEBI-registered advisor before investing.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
Is Apar Industries the best stock in its sector?
Ans. There is no single definitive answer, because the best stock in a sector depends on whether an investor is prioritising returns, valuation or balance sheet strength. Apar Industries has an 18.11% ROE and trades at 59.93x P/E against a 45.89x Industry P/E. Against the 2 peers compared in this article, its ROE is above the 18.02% peer average and its P/E is above the 41.30x peer average. Its debt to equity ratio of 0.18 is above the 0.03 peer average, which matters because borrowing can inflate returns and add risk when business conditions weaken. These figures are best read together rather than in isolation, and they work as a starting point for your own research and not as a verdict.
What is the current share price of Apar Industries?
Ans. Apar Industries was trading at Rs 16,914.00 on the NSE as of 16 October 2026, and its 52-week range runs from Rs 6,801.00 to Rs 19,265.00. That leaves the share price 12 percent short of the 52-week high and 2.5 times the 52-week low. Its market capitalisation is Rs 70,803 Cr and its EPS (TTM) is Rs 282.17, which is the earnings figure behind the 59.93x P/E. Share prices change through the trading day, so check the live quote on Univest before acting on any number here.
What sector does Apar Industries belong to?
Ans. Apar Industries is classified under the Electricals sector on Univest, and that group of listed companies is the reference point for the 45.89x Industry P/E used in this article. The 2 named peers compared here are Polycab India and KEI Industries, chosen as comparable listed names so that the P/E, ROE and debt figures come from the same live data source. Investors who want a wider view can compare more Electricals sector stocks on the Univest Screener, since no two companies in a sector have exactly the same business mix.
How does Apar Industries compare to its sector peers on P/E?
Ans. Apar Industries’ P/E of 59.93x is above the 41.30x average of the 2 named peers, with Polycab India at 38.67x and KEI Industries at 43.94x. It also sits above the 45.89x Industry P/E, which is the benchmark for the wider Electricals sector. A P/E that is above a peer average can reflect a valuation discount or premium, but it can also reflect different growth or return expectations, so it should be read alongside ROE and debt. Its P/B ratio of 8.97 gives one more view of how the market values its book value.
What is Apar Industries’ return on equity?
Ans. Apar Industries reported a return on equity of 18.11%, which is above the 18.02% average of its named peers, with Polycab India at 22.25% and KEI Industries at 13.78%. ROE shows how much profit a company generates on every rupee of shareholders’ equity, so a higher figure generally points to more efficient use of capital. ROE is easier to trust when leverage is modest, and here the debt to equity ratio is 0.18 against a peer average of 0.03. It is worth checking whether the ROE has been stable over several years rather than relying on a single reading.
Should I invest in Apar Industries based on its sector position?
Ans. Sector position is only one input into an investment decision. Apar Industries has an 18.11% ROE and a 59.93x P/E, which make it worth researching further, and its dividend yield is 0.34%. You should also weigh its business outlook, earnings consistency, debt levels, your investment horizon and your own risk appetite before buying. Spreading money across several stocks and sectors reduces concentration risk, and this article is educational content, not investment advice. For personalised guidance, consult a SEBI-registered advisor.
