Apar Industries Limited · NSE:APARINDS
Apar Industries — Investor Presentation (May 2025)
73 slides from Apar Industries's investor presentation, May 14, 2025
Slide 1: Exchange filing letter for corporate presentation
SEC/1405/2025 By E-Filing May 14, 2025 National Stock Exchange of India Limited BSE Limited “Exchange Plaza”, Corporate Relations Department, C-1, Block G, Phiroze Jeejeebhoy Towers, Bandra- Kurla Complex, Dalal Street, Bandra (E), Fort, Mumbai – 400 051. Mumbai - 400 001. Scrip Symbol : APARINDS Sc
Slide 2: Corporate Presentation – May 2025
CORPORATE PRESENTATION –May 2025
Slide 3: Table of contents
Table of contents 04 COMPANY OVERVIEW 60 FINANCIAL OVERVIEW 65 ANNEXURES 70 SHAREHOLDING PATTERN
Slide 4: Safe harbour
Safe harbour This presentation may have certain statements that may be “forward looking” including those relating to general business plans and strategy of APAR Industries Ltd., its outlook and growth prospects. The actual results may differ materially from these forward-looking statements due to se
Slide 5: Company Overview
COMPANY OVERVIEW
Slide 6: APAR Industries: Tomorrow's solutions today
APAR Industries: Tomorrow’s solutions today #1 3rd #1 18,581 Cr Largest global aluminium & Largest global manufacturer of Cables manufacturer for FY25 Revenue, ($2.20 bn) alloy conductors’ manufacturer Transformer oils renewables in India 5-year CAGR at 30.6% Our Strengths Trusted Manufacturer and s
Slide 7: Our Businesses
Our Businesses Leading the innovation curve as the world’s 3rd largest transformer oil manufacturer and with a comprehensive range of over 350 products in speciality oils, process oils & lubricants. Largest exporter of Transformer oils from India. One of the top 10 players in the lubricants industry
Slide 8: What drives us
What drives us Our Mission (Why we exist): Our Values: To design & manufacture Building Blocks for Energy Infrastructure, Transportation & Telecommunication Sectors that contribute meaningfully to make this world a more energy efficient, environmentally sustainable and safer place. A P A R I A N Our
Slide 9: Our 65+ years of legacy (1/2)
Our 65+ years of legacy (1/2) Company incorporated Greenfield expansion to meet Diversification into State-of-the-art R&D unit Greenfield expansion with conductor business growing oils demand auto lubes segment setup at Rabale to meet growing conductors (setup Rabale oils plant) (license agreement w
Slide 10: Our 65+ years of legacy (2/2)
Our 65+ years of legacy (2/2) Only Indian company to supply 1st Indian player to create Achieved record Introduced Dull finish conductors all major HVDC projects with guidance OFC for torpedoes highturnover of Rs. 14,352 Rs 1,000 crores with special surface treatments Transformer Oils 1st Indian com
Slide 11: Well-diversified across industries & segments
Well-diversified across industries & segments Conductors Specialty Oils o One of the largest global manufacturers o 3rd largest global manufacturer of T-oils o Pioneered turnkey solutions for reconductoring with HEC, live line o 1st globally to supply the entire range of T-oils compliant to new inst
Slide 12: Extensive global presence driving exports
Extensive global presence driving exports Prominent presence with established Utilities, EPC’s & channel partners in USA Canada Mexico Colombia Brazil Peru Chile Spain France Great Britain Romania Norway Sweden Finland Poland USA Canada Australia Brazil Columbia Italy Montenegro North Macedonia Aust
Slide 13: Industries we cater to
Industries we cater to 03 Renewable Railways Energy 04 Defence Transformers Mining 05 Industrial 02 Nuclear Atomic Telecommunication & Data Communication Motors & 01 Generators 06 Power Transmission 08 Shipping & Distribution Wires & Cables 07 12 Corporate Presentation – May 2025
Slide 14: APAR Group – House of Brands
APAR Group – House of Brands 13 Corporate Presentation – May 2025
Slide 15: State-of-the-art facilities strategically located
APAR’s State-of-the-Art facilities Strategically Located Manufactures: Conductors Cables Umbergaon Gujarat Logistical benefits with proximity to smelters, capture growing Jharsuguda generation capacity in eastern India Manufactures: Odisha Conductors, Specialty Alloy Rod Wires & Cables Maharashtra a
Slide 16: Conductors – One of the largest global manufacturers
Conductors – One of the largest global manufacturers Conventional HTLS Conductors Railway Conductors Specialty Alloy Rods OPGW Conductors ACS Wire CTC/PICC Turnkey Solutions BUSBAR Strong leadership & competitive edge Strategic focus on higher-value products FY25 revenue of INR 9,582 crore, 5 years
Slide 17: Transformation journey of APAR Conductors
Transformation journey of APAR Conductors o Bus Bar is launched for use in high voltage & low voltage equipment o Added 2 more factories in Silvasa o Introduced Copper Railway (Khanvel & Chandra Proteco) to o Introduced a premium product line conductors as per RDSO o One of the first company to succ
Slide 18: Diverse Portfolio
Diverse Portfolio Products: Wire of Dominant player in Products: ACSR, Electrical grade AL alloy, manufacturing of AL-59 AAAC, ACAR, AAC, Mechanical grade Al conductors GUY WIRE alloy, Welding grade AL TBCB Project and ‘TAL,STAL,XTAL’ Exporting to 100+ landscape have countries Specialty Alloy Larges
Slide 19: Specialized Turnkey Solutions for Power Sector
Specialized Turnkey Solutions for Power Sector HTLS HTLS OPGW Turnkey – MVCC Transmission Distribution Live Line Substation Augmentation Telecom Integration Other HTLS Turnkey - UG Cable 18 Corporate Presentation – May 2025
Slide 20: Solution Matrix
Uprating has Gained Steam; Apar holds ~ 50% Market Share in Uprate Based Projects Uprate Indicators New Tx Line Upgrade (Voltage) (Reconductoring) Apar NA 100-200% 50-150% Typical Capacity Increase 33kV-400kV 165+ Projects Completed Permitting & Use of Existing RoW Design and 45+ Solution Matrix Con
Slide 21: Growth drivers – Conductors
Growth drivers – Conductors o Completed 165+ turnkey solution projects o Delivered 2,22,709 MT of Conductors o Premium products contribution - 46% of revenues o Green initiatives to reduce carbon intensity in operations o All time high revenue in FY 2025 20 amounts in INR crore Corporate Presentatio
Slide 22: Competitive advantage – Conductor
Competitive advantage – Conductor Exports mix in total conductor division – 24.2% in FY 25 Premium products o Technology & know-how involved in product and design, acting as a barrier to entry for competition o Special stringing mechanism with sophisticated equipment to protect the carbon composite
Slide 23: Specialty Oils & Lubricants – 3rd largest in Transformer Oils globally
Specialty Oils & Lubricants – 3rd largest in Transformer Oils globally Transformer oil White oils Industrial & process oils Industrial & auto lubricants Petroleum jelly POWEROIL TO NE premium Strong leadership & competitive edge Leading domestic player in auto lubes. INR 240 crore invested in FY18-F
Slide 24: Understanding our speciality oils business
Understanding our speciality oils business o APAR is India’s largest Private manufacturer and exporter of Speciality oils o World’s 3rd Largest Transformer Oil manufacturer o Production capacity of 7,50,000+ KL in India & 1,75,000+ KL in UAE TRANSFORMER TECHNICAL PHARMACEUTICAL RUBBER OILS GRADE WHI
Slide 25: Global Approvals
Global Approvals We have below UTILITY approvals in foreign countries which are few of many OEMS Approvals Meets international standards a. SEC Saudi Arabia 1. General Electric b. OETC Oman 2. Schnider 1. IEC Standard c. MEW Kuwait 3. Tyree 2. ASTM Standard d. TNB Malaysia 4. Areva 3. BS e. ADWEA an
Slide 26: Product Offering
Product Offering AUTOMOTIVE LUBRICANTS INDUSTRIAL LUBRICANTS On Road Off Road Maintenance Metal Working Motorcycle Passenger Car Diesel Construction Agricultural Reduction Hydraulic Turbine Compressor Soluble & Neat Quenching Oils oils Engine Oils & Infrastructure Oils Gear Box oils Oils Oils cuttin
Slide 27: Growth drivers – Specialty Oils & Lubricants
Growth drivers – Specialty Oils & Lubricants o 500+ Grade Oils o Total volume 5.79 lac KL of speciality oils during the year o Global transformer oils volumes up 14% vs. FY24 o Serving 140+ Countries o Launched best-in-class 99% biodegradable natural ester transformer oil 26 amounts in INR crore Cor
Slide 28: Competitive advantage – Specialty Oils & Lubricants
Competitive advantage – Specialty Oils & Lubricants Exports mix in total oil division – 44.0% in FY 25 o 3rd largest global player in transformer oils. o Diversified customer base and industries served viz., OEM's, Pharma, Tyres, Cosmetics, Auto Lubricants etc. o Limited organised players. o Approva
Slide 29: Cables - Largest domestic player in renewables
Cables - Largest domestic player in renewables Power cables House wire & cable Elastomeric cables E-beam irradiated cables OFC Speciality hybrid cables Strong leadership & competitive edge Strategic focus on higher-value products FY25 revenue of INR 4,945 crore, 5 years CAGR at 40.5% INR 741 crore i
Slide 30: Cable Solutions – Diversified Product Portfolio
Cable Solutions – Diversified Product Portfolio Power Cables & Elastomeric & House wires & Cables for Cable Harness Wires E-beam Cables Flexibles USA Market Building Wire o XLPE LV Power Cables o Solar Cables o House Wires o RW75/RW90/RHH/RHW/RHW o Automotive & EV o XLPE MV Power Cables o Windmill C
Slide 31: Serving diversified sectors
Serving diversified sectors o E-beam technology for house wiring - first mover advantage and the only company using this technology giving the product a 50-year life, melt resistant and flame retardant till 105 degrees. o India’s only Cable company with 4 e-Beam irradiation facilities. Power Transmi
Slide 32: Growth drivers – Cable Solutions
Growth drivers – Cable Solutions o India’s only Cable company with 4 e-Beam irradiation facilities. o Leading player in the renewable space in India (solar & wind cables). o Large number of UL certificate of compliance from India for sale of cable in the United States. o Wide range of cable & indust
Slide 33: Channel expansion in our Light Duty Cable business
Channel expansion in our Light Duty Cable business CHANNEL EXPAN SION 2022 2023 2024 2025 D IS TR I B UT OR P R E SE N C E 19 120 339 426 R E T AI L C OU N T P R E SE NC E 276 2395 5833 9504 A C T IV E ST A TE PR E S E N CE 2 13 18 18 D E MO S 6348 35353 76533 63681 E L E C T R I CI A N M EE T S 474
Slide 34: Competitive advantage – Cable Solutions
Competitive advantage – Cable Solutions Exports mix in total cable division – 31.1% in FY 25 o E-beam technology for house wiring - first mover advantage and the only company using this technology giving the product a 50-year life, melt resistant and flame retardant till 105 degrees. o India’s only
Slide 35: APAR Telecom Solutions
APAR Telecom Solutions Diversified Telecom Solutions as a separate a business vertical to bring more focus and garner maximum growth potential: Market Dynamics Focus Areas o Connected world with near zero latency o Converged networks o Cloud shift from hyperscale to edge o Data centres o Blockchain
Slide 36: Digitalisation taking data growth to new levels
Digitalisation taking data growth to new levels… Current use cases Global Data Consumption per user Global mobile Data traffic in EB/month GB per smartphone Video Consumption 60%+ of total traffic high uploads, creation Gaming & Software Downloads Social Networking with heavy rural and cross demogra
Slide 37: Advent of 5G and densification of small cells
Advent of 5G and densification of small cells 10X Faster than 4G| 16X Cell Density as compared with 4G 3G 4G 5G 1000 10 Km 10 Km 10 Km < 1 ms Peak Data Rate - Mbps 10 Km 10 Km 10 Km 1 Site 1 Site 1 Site Every 10 KM Every 2 KM Every 0.5 KM 100 25x 16x 63 1 15 CELL DENSITY (Cell/ 100 Sq.Km.) CELL DENS
Slide 38: Using customer centric innovations to capture future markets
Using customer centric innovations to capture future markets Innovation on Creating new products Crafting full solutions – individualproduct level to drive TCO benefits deployment ready solutions APAR Micro Cables and APAR hybrid cable is a APARsolutions for Wind-mills is Fire Resistant products uni
Slide 39: Fundamentally, Our Growth Drivers Remain Intact
Fundamentally, Our Growth Drivers Remain Intact Addition of Renewable energy Transmission Infrastructure Wind, Solar & Expansion Development Nuclear Business Cables, Overhead conductors Overhead conductors, Cables, Lubricants verticals CTC, Transformer oils Transformer oils, CTC Public Manufacturing
Slide 40: Corporate Presentation – May 2025
39 Corporate Presentation – May 2025
Slide 41: Renewables Set to Dominate New Generation Energy
Renewables Set to Dominate New Generation Energy (40-65) (20-40) Historical Projection 1 – Excludes generation from storage 2 – Others includes bio energy Source: Mckinsey global energy perspective 2023 3 – Includes gas & coal plants 40 Corporate Presentation – May 2025
Slide 42: Addition of Renewable energy
Addition of Renewable energy SECTOR OPPORTUNITY APAR ADVANTAGE o Solar Installed capacity is expected to grow by 225 GW& o Leader in the domestic solar cable segment and most Wind installed capacity is expected to grow by 55 GW dominant player in domestic wind market with over during 2024 to 2030 in
Slide 43: Renewables – strong opportunity for all business verticals
Renewables – strong opportunity for all business verticals Renewable Power Generation Power Transmission (Sub Station/Grid) Power Distribution String Cables,Low Voltage Cables, Nacelle Wiring, Torsion Transformer Oil, CTC Conductors PICC Conductors, T&D Traditional Application based Cables and Wires
Slide 44: Public transportation (incl. Mobility)
Public transportation (incl. Mobility) SECTOR OPPORTUNITY APAR ADVANTAGE o Infrastructure investments in Indian railways, Metros and o Supply of locomotive coaches, forward integration into High-speed rail to grow exponentially harness. Largest cables supplier for Vande Bharat trains o Market leader
Slide 45: Manufacturing Infrastructure
Infrastructure growth, Manufacturing, China+1 SECTOR OPPORTUNITY APAR ADVANTAGE o Governments are allocating investments in building o Lubricants for off road equipment for infrastructure Infrastructure extensive road networks for freight transportation, ports, development which includes, cranes, ro
Slide 46: Transmission expansion
Transmission expansion SECTOR OPPORTUNITY APAR ADVANTAGE o 80,000 ckm of transmission lines added and 350,000 o Distributed sites for renewable energy requires MVA of transformation capacity added in last 5 years in application of Conductors, Cables & transformer oils in India renewable generation s
Slide 47: Telecom
Telecom SECTOR OPPORTUNITY APAR ADVANTAGE o Digital transformation evolving faster o End to end telecom solutions provider for hybrid copper and fibre cables o The GB per smartphone will grow 25% CAGR shall reach 55 GB per mobile till 2028 in India o 10 bn mobile connections with 64% mobile internet
Slide 48: Well-defined Risk Management framework in existence
Well-defined Risk Management framework in existence Customer / Credit Risk Management: o Structured process of evaluating customer & end customer background. o Defined practices for setting up of credit limits. o Process for securing credit thru various means. o In-house business-legal teams within
Slide 49: Organisational structure – Senior leadership
Organisational structure – Senior leadership Board of Directors Managing Independent Directors/Director Directors Oil Conductor Cable CFO CHRO Treasury ESG CS CE0 Conductors Business Heads & Telecom CEO – Cable - B2B Solutions Business Head - Projects Operational Business Head - Heads Exports Market
Slide 50: Strong financial performance sustained over the years
Strong financial performance sustained over the years Consolidated Revenue Exports contribution at 32.8% in 12M FY25 EBITDA * Conductors Revenue Specialty Oils & Lubricants Revenue Cables Revenue * EBITDA post open period forex excluding interest income, corporate unallocable expenditure 49 amounts
Slide 51: Key financial ratios
Key financial ratios Debt/ Equity Ratio (x) Net Fixed Asset Turnover Ratio (x) ROE (%) EPS 212 205 167 42 67 * * Not Annualised 50 amounts in INR crore Corporate Presentation – May 2025
Slide 52: Making this world a better place - ESG
Making this world a better place - ESG As per CRISIL ESG Rating report: RELEASES THREE ESG REPORTS RANKED 3RD AMONG INDUSTRIAL SECTOR KEY METRICS (FY 2022-23) FY 2021-22 FY 2020-21 104,928 tCO e GHG emission 2 22,717 tCO e Scope-1 GHG emission 2 82,212 tCO e Scope-2 GHG emission 2 328,325 KL Water F
Slide 53: Major milestones
Major milestones TCFD Report ESG rating by CRISIL 3rd party certification CDP disclosure We prepared our first TCFD (Task force on APAR’s name has found a place in the CRISIL GHG emissions (Scope-1 and Scope-2) and We disclose our climate related emissions to CDP Climaterelated Financial Disclosures
Slide 54: CRISIL rating
CRISIL rating o CRISIL had started ESG rating of top listed Indian companies since 2021. First such rating was done last year, and the report was released in June 2021. o 2nd such rating was done in 2022 for 586 top Indian companies, and report was released on 19th May 2022 o APAR’s name has found a
Slide 55: Doing good for society - healthcare
Doing good for society - healthcare DR. N.D DESAI, FACULTY OF MEDICAL DHARMSINH DESAI UNIVERSITY DHARMSINH DESAI MEMORIAL SCIENCE & RESEARCH (DDU) METHODIST HEART INSTITUTE Gujarat Gujarat Gujarat Free Multi-speciality hospital with Established in 1968 Offers Provides world-class cardiac care 800
Slide 56: Doing good for society – Education and Nutrition
Doing good for society – Education and Nutrition ANAMRITA FOUNDATION GOVARDHAN ECO VILLAGE SUPPORTING TOMORROW’S DREAMS Provides Free midday meals in 21 India’s 3rd largest skill Supporting technical high school & cities development centre boys high school at Nadiad Serving 6,500+ schools, 10 S
Slide 57: Key Awards and Accolades in FY 2023-24
Key Awards and Accolades in FY 2023-24 Best Technology Expertise for Speciality Listed among top cable companies Company of the Year Award: Cables Best Renewable Cable Manufacturer Cables by wires and Cables India at EV Manufacturing Excellence Awards Award at Engineering Excellence Award at Net-Zer
Slide 58: Customer mix FY24
Customer mix FY24 Particulars FY24 Exports (of which 10% is renewable cables) 45.2% Industries/Corporate 16.4% Specific industry groups 6.6% OEM's 8.7% EPC - Transmission companies 5.8% Utilities - Transmission companies 7.6% Renewables 4.2% Utilities - Electricity Distribution Boards (Govt. + Pvt.)
Slide 59: Quality of Receivables FY24
Quality of Receivables FY24 Particulars % of Total Secured under various means 57.2% Government Transmission and sector specific companies 18.6% Others (of which 70%+ are with entities where APAR is having business relationship with over 3 years) 24.2% Total 100.0% 58 amounts in INR crore Corporate
Slide 60: Financial Overview
FINANCIAL OVERVIEW
Slide 61: Q4 FY25 & 12M FY25 Consolidated Financial Highlights
Q4 FY25 & 12M FY25 Consolidated Financial Highlights (₹ crores, unless stated otherwise) Particulars Q4 FY25 Q4 FY24 % Change Q3 FY25 % Change 12MFY25 12MFY24 % Change Revenue from Operations 5,210 4,455 16.9% 4,716 10.5% 18,581 16,153 15.0% EBITDA post open period forex* 483 457 5.7% 401 20.4% 1,68
Slide 62: Q4 FY25 & 12M FY25 Conductor Division Highlights
Q4 FY25 & 12M FY25 Conductor Division Highlights (₹ crores, unless stated otherwise) Particulars Q4 FY25 Q4 FY24 % Change Q3 FY25 % Change 12MFY25 12MFY24 % Change Revenue 2,898 2,328 24.5% 2,449 18.3% 9,582 8,031 19.3% Sales volume (in MT) 59,593 56,299 5.9% 60,352 -1.3% 2,22,709 2,06,633 7.8% EBIT
Slide 63: Q4 FY25 & 12M FY25 Specialty Oil and Lubricant Division Highlights
Q4 FY25 & 12M FY25 Specialty Oil and Lubricant Division Highlights (₹ crores, unless stated otherwise) Particulars Q4 FY25 Q4 FY24 % Change Q3 FY25 % Change 12MFY25 12MFY24 % Change Revenue 1,250 1,210 3.3% 1,232 1.5% 5,087 4,837 5.2% Sales volume (in MT) 1,49,840 1,37,090 9.3% 1,42,921 4.8% 5,79,64
Slide 64: Q4 FY25 & 12M FY25 Cable Division Highlights
Q4 FY25 & 12M FY25 Cable Division Highlights (₹ crores, unless stated otherwise) Particulars Q4 FY25 Q4 FY24 % Change Q3 FY25 % Change 12MFY25 12MFY24 % Change Revenue 1,410 1,086 29.9% 1,266 11.4% 4,945 3,859 28.1% EBITDA post open period forex 150 123 21.5% 122 23.0% 498 439 13.4% EBITDA post open
Slide 65: 12M FY25 Division-wise EBITDA to PAT
12M FY25 Division-wise EBITDA to PAT (₹ crores, unless stated otherwise) Particulars Conductor Oil Cable Others Total EBITDA pre-open period forex (Note 1) 828 370 499 10 1,707 Open period forex (Note 2) 11 13 1 0 26 EBIDTA post open period forex 817 356 498 10 1,681 Finance cost (ex open period for
Slide 66: Annexures
ANNEXURES
Slide 67: Q4 FY25: Consolidated Profit & Loss Statement
Q4 FY25 : Consolidated Profit & Loss Statement (₹ crores, unless stated otherwise) Q4 Q4 Q3 Particulars % Change % Change FY25 FY24 FY25 Sales 5,189 4,433 17.1% 4,697 10.5% Other operating income 21 23 (6.6%) 20 5.6% Revenue from operations 5,210 4,455 16.9% 4,717 10.5% Other income 17 33 (47.5%) 34
Slide 68: 12M FY25: Consolidated Profit & Loss Statement
12M FY25 : Consolidated Profit & Loss Statement (₹ crores, unless stated otherwise) 12M 12M Particulars % Change FY25 FY24 Gross Sales 18,492 16,045 15.3% Other Operating Income 89 108 (17.7%) Revenue from Operation 18,581 16,153 15.0% Other Income 99 81 22.7% Total Income 18,681 16,234 15.1% Expens
Slide 69: 12M FY25: Consolidated Balance sheet
12M FY25 : Consolidated Balance sheet (₹ crores, unless stated otherwise) Particulars 31-Mar-2025 31-Mar-2024 Particulars 31-Mar-2025 31-Mar-2024 ASSETS EQUITY AND LIABILITIES Non-current assets Equity Property, plant and equipments 1,432.02 1,129.88 Equity share capital 40.17 40.17 Right to use ass
Slide 70: 12M FY25: Consolidated Cash flows
12M FY25 : Consolidated Cash flows (₹ crores, unless stated otherwise) Particulars 31-Mar-2025 31-Mar-2024 Particulars 31-Mar-2025 31-Mar-2024 Profit before tax & share in net profit / 1,105.76 1,106.46 Cash flow from investing activities (loss) of associates Acquisition of property, plant and Adjus
Slide 71: Shareholding Pattern
SHAREHOLDING PATTERN
Slide 72: FY25 Market Performance and shareholding structure
FY25 Market Performance and shareholding structure APAR has been consistently outperforming market 200 20% 150 1% 5% 100 Apar Capital Goods Sensex Chart has been rebased to 100 As on March 31st, 2025 Outstanding shares – 4,01,68,315 10.8% 0.9% Major Non-Promoter Shareholders Shareholding (%) Promote
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