Apar Industries Share Price Target 2027: Base and Bull Targets Built on FY26 Earnings

Investors weighing an Apar Industries target price for 2027 should start with where the stock sits today. At Rs 17,894.00 on 9 October 2026, it is 7.1% below its 52-week high of Rs 19,265.00 and 163.1% above its 52-week low of Rs 6,801.00. That range spans 183% from low to high, so the entry point matters as much as the Apar Industries price forecast itself.

This article builds the Apar Industries share price target from reported numbers only: five years of annual results, the last five quarters, the latest shareholding pattern and current valuation ratios from company filings and exchange data. Each scenario shows its assumptions, so you can see exactly how the Rs 19,032 base case and the Rs 23,116 bull case were reached, along with a downside risk level of Rs 14,230.

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Apar Industries Stock Analysis: Company Overview and Key Stats

Apar Industries (NSE: APARINDS) has a market capitalisation of Rs 74,479 crore. In FY26 it reported revenue of Rs 22,967 crore and net profit of Rs 976.93 crore. The table collects the figures the Apar Industries share price target is built on.

Metric	Value
Company	Apar Industries
NSE Ticker	APARINDS
CMP (9 October 2026)	Rs 17,894.00
52-Week High	Rs 19,265.00
52-Week Low	Rs 6,801.00
Market Cap	Rs 74,479 crore
PE Ratio (TTM)	63.04
Industry PE	47.09
Price to Book	9.44
Return on Equity	18.11%
Debt to Equity	0.18
EPS (TTM)	Rs 282.17
Dividend Yield	0.32%
12-Month Base Target	Rs 19,032
Bull Case	Rs 23,116
Downside Risk Level (not a target)	Rs 14,230

Why Is Apar Industries Share Price Target Set at Rs 19,032 for 2027?

The base-case Apar Industries stock target of Rs 19,032 applies a PE multiple of 63.04 to a forward EPS estimate of Rs 301.91. That EPS assumes 7.0% yearly growth, the pace from FY24 to FY26, and puts the target 6.4% above the current price. The bull case adds faster earnings growth and a higher multiple, while the downside risk level assumes flat earnings and a lower multiple.

Earnings Growth Behind the Apar Industries Target Price: Five Years of Results

Apar Industries grew revenue from Rs 9,349 crore in FY22 to Rs 22,967 crore in FY26, a compound annual growth rate of 25.2%. Net profit grew faster, from Rs 256.73 crore to Rs 976.93 crore (39.7% a year), which shows margin gains did part of the work and not just higher sales.

Financial Year	Revenue (Rs Cr)	Net Profit (Rs Cr)	EPS (Rs)	Dividend per Share (Rs)
FY22	9,349.06	256.73	67.09	15.00
FY23	14,373.77	637.72	166.64	40.00
FY24	16,234.05	825.11	212.10	51.00
FY25	18,680.61	821.30	204.47	51.00
FY26	22,966.89	976.93	242.81	60.00

FY26 revenue growth was 22.9%, slower than the four-year average of 25.2%, and net profit moved up 18.9%. EPS rose from Rs 212.10 in FY24 to Rs 242.81 in FY26. The FY27 outlook depends on whether that EPS estimate keeps compounding.

Margins and the Latest Quarter

Apar Industries converted 4.3% of FY26 revenue into net profit, against 4.4% in FY25, within a five-year range of 2.7% to 5.1%. EBITDA margin was 8.3% in FY26 versus 8.8% in FY25.

In the June 2026 quarter, revenue was Rs 6,625 crore, up 29.2% from the same quarter a year earlier, while net profit of Rs 467.45 crore was up 77.8%. EBITDA came in at Rs 791.23 crore, up 65.9% year on year. The next quarterly result is the first test of whether the earnings assumption holds.

Balance Sheet and Cash Flow

Debt to equity stands at 0.18, and shareholders' equity grew from Rs 1,715 crore in FY22 to Rs 5,393 crore in FY26. Operating cash flow in FY26 was Rs 967.58 crore against capital expenditure of Rs 736.66 crore, leaving free cash flow of Rs 230.92 crore, or 0.3% of the current market capitalisation. In FY25 free cash flow was Rs 781.64 crore.

Valuation Check for the Apar Industries Stock Target: PE, Price to Book and ROE

At a PE of 63.04 against an industry PE of 47.09, Apar Industries trades at a premium to its industry. Price to book is 9.44 on a book value of Rs 1,885.11 per share, and return on equity is 18.11%. A PE of 63.04 equals an earnings yield of 1.6%, and the FY26 dividend of Rs 60.00 per share gives a yield of 0.32%.

Shareholding Pattern and Institutional Holding

Promoters held 55.42% of Apar Industries in August 2026, and promoter holding fell from 57.77% in September 2025 to 55.42% in August 2026. Foreign institutional investors (FII) held 11.36% and domestic institutions (DII) held 24.88%, which puts total institutional holding at 36.24%. FII holding rose from 9.25% in September 2025 to 11.36% in August 2026. Public shareholders own the remaining 8.34%. A meaningful institutional holding adds a layer of research coverage and trading depth.

Apar Industries Share Price Targets for the Short Term and 12 Months

Short Term Apar Industries Stock Target Levels: Technical Setup

At Rs 17,894.00 on 9 October 2026, Apar Industries trades above its 50-day simple moving average of Rs 17,159.38 and above its 200-day exponential moving average of Rs 13,735.45. The 14-day RSI reads 38.2, which is neutral territory, and the MACD line sits below its signal line. The nearest resistance level is Rs 19,265.00 (52-week high) and the nearest support is Rs 17,159.38 (50-day simple moving average). A sustained move above Rs 19,265.00 would improve the short-term setup, while a close below Rs 17,159.38 would shift attention to the next support.

12 Month Apar Industries Target Price for 2027

The 12-month target for Apar Industries is Rs 19,032: forward EPS of Rs 301.91 at a PE of 63.04. That is 6.4% above Rs 17,894.00. It would still leave the stock 1.2% below its 52-week high of Rs 19,265.00.

How EPS Growth and PE Multiple Change the Apar Industries Target Price

EPS Growth	PE 50.43	PE 63.04	PE 72.50
0.0% (EPS Rs 282.17)	Rs 14,230	Rs 17,788	Rs 20,457
7.0% (EPS Rs 301.91)	Rs 15,225	Rs 19,032	Rs 21,888
13.0% (EPS Rs 318.84)	Rs 16,079	Rs 20,100	Rs 23,116

Each cell multiplies the forward EPS estimate by the PE shown. Reading across a row shows what a de-rating or re-rating does to the Apar Industries price forecast, and reading down a column shows what earnings growth is worth at a fixed multiple.

Bull Case and Downside Risk for Apar Industries Stock Target in 2027

Bull Case Rs 23,116

The bull case Apar Industries price target needs EPS growth of 13.0%, which lifts forward EPS to Rs 318.84, and a PE multiple that rises 15% to 72.50. That gives Rs 23,116, 29.2% above the current price and above the 52-week high of Rs 19,265.00, so the stock would have to set a fresh 52-week high.

Downside Risk Level Rs 14,230

The downside risk level is not a target. It assumes EPS stays flat at Rs 282.17 and the PE falls 20% to 50.43. That gives Rs 14,230, 20.5% below the current price and above the 52-week low of Rs 6,801.00.

Scenario	EPS Growth	PE Multiple	Price (Rs)	Change vs CMP
Bull Case	13.0%	72.50	Rs 23,116	+29.2%
Base Case	7.0%	63.04	Rs 19,032	+6.4%
Downside Risk	0.0%	50.43	Rs 14,230	-20.5%

Key Risks to the Apar Industries Target Price for 2027

Growth Slowdown Risk for the Apar Industries Price Target

Revenue in the June 2026 quarter was up 29.2% year on year, and FY26 revenue growth was 22.9%. If growth slows from here, the EPS estimate behind the Apar Industries stock target will need revising.

Liquidity and Size Risk

Apar Industries has a market capitalisation of Rs 74,479 crore. Institutional holding is 36.24%, and promoters hold 55.42%. A company of this size trades with deep liquidity, so entry and exit are rarely a problem, and the larger risk is paying too much for slow earnings growth.

Valuation and Margin Risk

Net margin was 4.3% in FY26, so a small slip in costs moves profit noticeably. At a PE of 63.04 versus an industry PE of 47.09, a de-rating toward the downside-risk PE of 50.43 would cut the price even if earnings hold.

Market and Technical Risk

The stock trades 7.1% below its 52-week high, with an RSI of 38.2 and a MACD reading below its signal line. Broader market weakness can override company fundamentals in the short term.

How to Invest in Apar Industries

Start with the live price and volume. Any Apar Industries share price target is only as current as the data behind it, and the data here is as of 9 October 2026, so refresh the Rs 17,894.00 price before acting on any level.

Next, review the fundamentals yourself. The Univest Screener lets you check Apar Industries' PE, ROE, debt and shareholding in one place.

Check Apar Industries fundamentals on the Univest Screener

Then compare the three Apar Industries target price scenarios with your own view. If you expect EPS growth below 7.0%, the base case is too optimistic for you; if you expect more, the bull case deserves weight.

Decide your position size and exit levels before you buy. The support and resistance levels above can serve as reference points, but they are not recommendations.

Finally, place the order through a SEBI-registered broker or the Univest app, and review the position after each quarterly result. Consult a SEBI-registered advisor if you are unsure.

Download the Univest iOS App or Univest Android App to track Apar Industries live price and get daily stock recommendations.

Conclusion

The Apar Industries share price target for 2027 is Rs 19,032 in the base case, with Rs 23,116 as the bull case. The support for that view is arithmetic you can check: EPS grew 7.0% a year over FY24 to FY26, and the stock trades at a PE of 63.04. The risks are equally concrete, including a stock that sits 7.1% below its 52-week high and a downside scenario that cuts the price 20% if earnings stall. Use these numbers as a framework, check them against the latest filings, and size any position to your own risk appetite.

FAQs on Apar Industries Share Price Target 2027

What is the Apar Industries share price target for 2027?

Ans. The base-case Apar Industries share price target for 2027 is Rs 19,032, with Rs 23,116 as the bull case. The downside risk level, which is not a target, is Rs 14,230. These are model estimates from reported earnings and the current PE, not guaranteed outcomes.

What is the Apar Industries share price today?

Ans. As of 9 October 2026, 12:52 PM IST, Apar Industries trades at Rs 17,894.00, up 0.44% on the day. The 52-week range is Rs 6,801.00 to Rs 19,265.00.

Is Apar Industries a buy or sell at the current price?

Ans. The data is mixed rather than one-sided: EPS has grown 7.0% a year over FY24 to FY26, but the stock is 7.1% below its 52-week high. Whether Apar Industries fits your portfolio depends on your time horizon and risk appetite, so consult a SEBI-registered advisor before investing. This article is not investment advice.

What are the bull case target and downside risk level for Apar Industries shares?

Ans. The bull case target is Rs 23,116, which assumes 13.0% EPS growth and a PE of 72.50. The downside risk level is Rs 14,230, which assumes flat EPS and a PE of 50.43. It marks a risk, not a target.

What are the main risks to the Apar Industries price target?

Ans. The main risks are slower revenue growth, a small market capitalisation of Rs 74,479 crore, a PE de-rating and short-term weakness in the broader market. Each is covered in the risk section above.

What is the PE ratio of Apar Industries and how does it compare with the industry?

Ans. The PE ratio of Apar Industries is 63.04 against an industry PE of 47.09. Price to book is 9.44 and return on equity is 18.11%. The base case in the Apar Industries price target holds this PE constant.

Who owns Apar Industries, and what is the promoter holding?

Ans. Promoters held 55.42% of Apar Industries in August 2026. FII held 11.36%, DII held 24.88% and the public held 8.34%.

What were Apar Industries' latest quarterly results?

Ans. In the June 2026 quarter, Apar Industries reported revenue of Rs 6,625 crore (up 29.2% year on year) and net profit of Rs 467.45 crore (up 77.8%).