Archive · 18 Dec 2025
Antique Recommends Apar Industries for 20% Upside
Antique Stock Broking has recommended buying shares of Apar Industries, saying they are a good deal compared to similar companies.
They think the company can grow a lot in the next few years because it makes important things like cables and oils for the power sector.
The company is also doing well in other countries, and its products are getting better and more expensive.
Even though the stock has gone down a bit recently, Antique thinks it will go up by about 20% soon.
They like that the company has a lot of money and makes good profits.
Antique Stock Broking initiated coverage on Apar Industries with a 'Buy' rating and a target price of Rs 10,740, suggesting 20% upside potential.
Apar Industries is a global leader in aluminium and alloy conductors, transformer oil, and specialty cables, with strong export presence.
The company is expected to deliver 18% revenue, 21% Ebitda, and 25% profit growth annually from FY25-28.
Despite recent underperformance due to investor concerns, Antique views these concerns as temporary and maintains a positive outlook.
Apar Industries benefits from rising global electricity consumption, grid modernisation, and the energy transition, with premium products driving earnings growth.
- Who
- Antique Stock Broking
- What
- Initiated coverage on Apar Industries with a 'Buy' rating
- When
- Not specified
- Where
- Not specified
- Why
- Citing sustained growth visibility driven by premiumisation, rising exports, and strong positioning in fast-growing power sector segments
- Company
- Apar Industries
- Brokerage
- Antique Stock Broking
- Rating
- Buy
- Target Price
- Rs 10,740
- Current Price Discount
- Traded at a discount to frontline cable peers
- Revenue Growth (FY25-28)
- 18% CAGR
- Ebitda Growth (FY25-28)
- 21% CAGR
- Profit Growth (FY25-28)
- 25% CAGR
- Exports Contribution
- 30-40% of revenues
- Premium Products Share (FY25)
- 45% in conductors segment
- Net Cash Position (FY25)
- Rs 380 crore
- Return on Equity (FY25)
- 19.6%
- Return on Capital Employed (FY25)
- 31.1%
