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Hitachi Energy India Ltd fell 1.81% today to trade at Rs 30525.25. The BSE Capital Goods index is down 0.85% to quote at 75315.25. The index is down 5.28 % over last one month. Among the other constituents of the index, Apar Industries Ltd decreased 1.71% and Cummins India Ltd lost 1.7% on the day. The BSE Capital Goods index went up 10.2 % over last one year compared to the 8.32% fall in benchmark SENSEX.
Hitachi Energy India Ltd has lost 8.47% over last one month compared to 5.28% fall in BSE Capital Goods index and 4.57% drop in the SENSEX. On the BSE, 89 shares were traded in the counter so far compared with average daily volumes of 5675 shares in the past one month. The stock hit a record high of Rs 38800 on 01 Jun 2026. The stock hit a 52-week low of Rs 16104 on 16 Jan 2026.
Long term bank facilities - CARE AA; Stable (upgraded)
Long term / short term bank facilities - CARE AA; Stable / CARE A1+ (upgrade long term rating and reaffirmed short term rating)
The agency has affirmed the company's short-term rating at 'CARE A1+'.
CARE Ratings stated that the rating upgrade factors in APAR’s strengthening of business profile, reflected in sustained growth in scale of operations and improving profitability across its conductors, cables and speciality oils businesses. The company reported healthy growth in operating income, which increased by 23.2% to Rs 22,902 crore in FY26 and by 29.1% year-on-year to Rs 6,591 crore in Q1 FY27.
Profit before interest, lease rentals, depreciation and taxation (PBILDT) increased by 21.1% to Rs 1,922 crore in FY26, while operating margins improved to 11.50% in Q1 FY27 from 8.86% in Q1FY26, supported by increasing contribution from premium products and healthy performance across business segments.
APAR’s established market position, diversified product portfolio and healthy order book, comprising conductor orders of Rs 10,190 crore and cable orders of Rs 1,925 crore as on 30 June 2026, provide strong revenue visibility in the medium term.
The rating upgrade also factors in significant strengthening of the company’s capital structure following the successful completion of the Rs 2,500-crore qualified institutions placement (QIP) in August 2026. Resultant increase in net worth is expected to support APAR’s working-capital requirements and reduce its reliance on letter of credit (LC) acceptances and other short-term borrowings.
Ratings continue to derive strength from APAR’s leadership position in conductors and speciality oils, diversified product and geographical presence, promoters’ extensive industry experience, strong liquidity position and comfortable debt protection metrics.
These rating strengths are tempered by APAR’s working-capital-intensive operations and historically high reliance on LC acceptances, although deployment of the QIP proceeds is expected to partly reduce such dependence.
Ratings also remain constrained by the sizeable capex programme and exposure to volatility in raw-material prices, foreign-exchange rates and freight costs, apart from competition, export tariffs and project-execution risks.
The ability to maintain working-capital discipline and healthy leverage while executing capex programme remains a key rating monitorable.
APAR operates in three principal business segments: transformer and speciality oils, conductors, and power and telecom cables. The company has a leading market position in India and a global presence, with exports to over 140 countries. As on 31 March 2026, APAR had installed capacities of 9,34,600 KL for transformer and speciality oils, 5,55,262 MT for conductors and 9,50,656 km for cables.
The company's consolidated net profit surged 77.80% to Rs 467.45 crore on a 29.16% increase in revenue to Rs 6,566.62 crore in Q1 FY27 as compared with Q1 FY26.
The scrip shed 0.50% to currently trade at Rs 17354.20 on the BSE.
Apar Industries Ltd rose 2.54% today to trade at Rs 16933. The BSE Capital Goods index is up 0.26% to quote at 80953.05. The index is up 3.62 % over last one month. Among the other constituents of the index, Jyoti CNC Automation Ltd increased 1.34% and Data Patterns (India) Ltd added 1.25% on the day. The BSE Capital Goods index went up 21.24 % over last one year compared to the 4.74% fall in benchmark SENSEX.
Apar Industries Ltd has added 22.52% over last one month compared to 3.62% gain in BSE Capital Goods index and 0.94% drop in the SENSEX. On the BSE, 921 shares were traded in the counter so far compared with average daily volumes of 18240 shares in the past one month. The stock hit a record high of Rs 18432.4 on 12 Aug 2026. The stock hit a 52-week low of Rs 6800 on 21 Jan 2026.
The floor price of Rs 14,801.25 per share is at a discount of 9.97% to the scrip's previous closing price of Rs 16,440.35 on the BSE.
The company may offer a discount of not more than 5% on the floor price so calculated for the issue. The issue price will be determined in consultation with the bookrunning lead managers appointed for the issue.
APAR Industries manufactures conductors, transformers, specialty oils, and power and telecom cables. The company exports to more than 140 countries and operates manufacturing facilities in India and the UAE. Its business is organized into three key segments: Conductors, Transformer and Specialty Oils (TSO), and Power and Telecom Cables.
The company reported a 77.79% rise in consolidated net profit to Rs 467.45 crore on a 29.13% increase in revenue from operations to Rs 6,591.06 crore in Q1 FY27 over Q1 FY26.