APARINDS
Apar Industries Limited
Each stock's 10,000-path forecast, rendered as light.
Apar Industries Limited (APARINDS) Stock Analysis & Case Study
Is APARINDS a good buy? The data-driven verdict.
Apar Industries Limited (APARINDS) trades at ₹16,631,on the numbers it mixed signals, a Downstox Snapshot Score of 47/100.
On the numbers, Apar Industries Limited (APARINDS) mixed signals, a Downstox Snapshot Score of 47/100, weighing expensive at 55.4× earnings, ROE of 20.2%, a 53% model probability of trading higher in a year. Below: the full bull case, bear case, sector-relative valuation, and a probability-weighted price target for 2027-2031.
Last updated . Data snapshot for research, not investment advice.
APARINDS fundamentals at a glance, PE, PB, ROE, ROCE, market cap, dividend yield
How APARINDS ranks against the 2,373 companies in our screener
- APARINDS's market cap of 66,830 Cr ranks in the 93rd percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
- APARINDS's book value of ₹1,343 ranks in the top 3% of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
- APARINDS's promoter holding of 57.8% ranks in the 47th percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
- APARINDS's 3-year profit (PAT) growth of 16.0% ranks in the 50th percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
- APARINDS's 3-year revenue growth of 17.0% ranks in the 67th percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
- APARINDS's debt-to-equity ratio of 0.18x is lower than 65% of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
Is APARINDS overvalued? APARINDS P/E vs peers
APARINDS trades at 55.4× earnings. We don't have a verified sector peer group for this stock yet, so no sector peer median or peer comparison table is shown here. Showing one anyway would compare it against an arbitrary set of large-cap names, not real sector peers.
APARINDS share price target 2027, 2028, 2029, 2030, 2031, a probability view
Unlike a single guessed number, this is a probability-weighted range from a 10,000-path Monte-Carlo simulation on 9.8y of APARINDS history (35%/yr drift, 48%/yr volatility).
| Year | Low (P10) | Median target (P50) | High (P90) | Upside vs today |
|---|---|---|---|---|
| APARINDS 2027 | ₹9,432 | ₹17,354 | ₹31,928 | +4% |
| APARINDS 2028 | ₹7,627 | ₹18,108 | ₹42,991 | +9% |
| APARINDS 2029 | ₹6,633 | ₹18,894 | ₹53,823 | +14% |
| APARINDS 2030 | ₹5,927 | ₹19,715 | ₹65,576 | +19% |
| APARINDS 2031 | ₹5,352 | ₹20,572 | ₹79,071 | +24% |
Median (P50) is the central estimate; the P10-P90 band is the 80% confidence range. Probabilities, not promises.
What is the probability APARINDS goes up, or doubles?
The bull case for APARINDS
- APARINDS's return on equity of 20.2% ranks in the 84th percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
- APARINDS's return on capital employed of 31.1% ranks in the 93rd percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
- Upside scenario: the model's optimistic (P90) 3-year path reaches ₹53,823.
The bear case & risks
- APARINDS's P/E of 55.4x is lower than 23% of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
- A steep 12.4× price-to-book means most of the value is intangible/expectations, not assets on the books.
- High historical volatility (48%/yr) means a wide, bumpy range of outcomes, size positions accordingly.
- Downside scenario: the model's pessimistic (P10) 3-year path falls to ₹6,633.
APARINDS volatility & expected range, how bumpy is the ride?
Over the last 9.8 years APARINDS compounded at 35%/year with annualized volatility of 48%. That volatility implies a 1-year 80% range of ₹9,432-₹31,928, the honest backbone behind any single price target.
APARINDS price forecast, the full 60-month probability fan
APARINDS price probability fan
Each band shows where 10,000 simulated paths land. The wider the fan, the more uncertainty.
Probability of key outcomes
What are the odds APARINDS hits common targets within the simulated horizon?
Full multi-horizon detail on the APARINDS price target & forecast page.
APARINDS Piotroski F-Score: 6/8, how financially strong is it?
The Piotroski F-Score grades financial strength on profitability, leverage and efficiency checks. Downstox scores the eight checks it can verify from published filings, so 8 is full marks. APARINDS scores 6/8, mixed financial health.
APARINDS MTF margin & leverage across 10 brokers
Margin Trading Facility lets you buy APARINDS with part of the capital. Lower margin % = higher leverage. Rates compared across 10 brokers (no competitor publishes this):
| Broker | Margin required | Approx. leverage |
|---|---|---|
| Upstox | 37.03% | 2.7× |
| Zerodha | 37.04% | 2.7× |
| Groww | 37.08% | 2.7× |
| Dhan | 37.04% | 2.7× |
| Kotak Neo | 37.04% | 2.7× |
| Paytm Money | 37.08% | 2.7× |
| Pocketful | 37.25% | 2.7× |
| Anand Rathi | 37.04% | 2.7× |
| Bajaj Broking | 40.00% | 2.5× |
| Share IndiaCHEAPEST | 37.00% | 2.7× |
Compare every broker on the APARINDS MTF page.
About Apar Industries Limited: sector, index & market-cap context
Apar Industries Limited (APARINDS) is a mid-cap NSE-listed company, and a constituent of the Nifty 500 index, with a market capitalisation of ₹66,830 Cr. See more stocks on our screener.
How the APARINDS Snapshot Score & forecast are built
The Downstox Snapshot Score is a transparent, rules-based read of Apar Industries Limited's public fundamentals plus a statistical forecast, not an analyst opinion. It rewards low-to-fair valuation, high ROE/ROCE, a strong Piotroski F-Score, a dividend, low volatility and a favourable probability of upside; it penalises rich valuations, weak capital efficiency, a low F-Score and high volatility. The price target is a 10,000-path Monte-Carlo simulation on real historical volatility, a distribution, not a single guess. The bull and bear cases are generated from the same data, so you always see both sides.
This is information, not investment advice. Do your own due diligence and consult a SEBI-registered adviser before investing.
APARINDS analysis, FAQs
Is Apar Industries Limited (APARINDS) a good buy?
On the numbers, Apar Industries Limited (APARINDS) mixed signals, a Downstox Snapshot Score of 47/100, weighing expensive at 55.4× earnings, ROE of 20.2%, a 53% model probability of trading higher in a year. This is a data snapshot for research, not investment advice.
Is APARINDS overvalued or undervalued?
APARINDS trades at 55.4× earnings, expensive versus the ~22× long-run Nifty average.
What is the APARINDS share price target for 2031?
APARINDS's probability-weighted 2031 median target is ₹20,572, with an 80% range of ₹5,352-₹79,071 (10,000-path Monte-Carlo).
What is the probability APARINDS doubles in 5 years?
The modelled probability of APARINDS reaching ₹33,262 (2×) within 5 years is 32%.
What is the bull case for APARINDS?
APARINDS's return on equity of 20.2% ranks in the 84th percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026. APARINDS's return on capital employed of 31.1% ranks in the 93rd percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
What are the risks in APARINDS?
APARINDS's P/E of 55.4x is lower than 23% of the 2,373 NSE companies in our screener, as of 9 Aug 2026. A steep 12.4× price-to-book means most of the value is intangible/expectations, not assets on the books. High historical volatility (48%/yr) means a wide, bumpy range of outcomes, size positions accordingly.