Apar Industries Limited Valuation
APARINDS · Capital Goods · Current price ₹16,155
Is Apar Industries Limited undervalued?
We estimate the fair value of Apar Industries Limited at ₹10,253 per share, against a market price of ₹17,500. That puts the share price about -41.4% above our estimate, at medium confidence. This is our view of what the business is worth, not a target price or a forecast of where the share price will go.
How this fair value is calculated
This estimate comes from 1 method: Fair multiple (P/E) (₹10,253). Each is weighted by how well its inputs held up for this company. The full working, including the assumptions and what data was missing, is set out below.
The range around this estimate
Our estimate for Apar Industries Limited spans ₹9,228 to ₹11,278. A margin of safety means buying meaningfully below the estimate: the wider the range, the more room the assumptions leave for error.
Valuation multiples
Apar Industries Limited trades at a P/E of 66.4x and a P/B of 9.2x, with a dividend yield of 0.3%. Multiples are most useful compared against the company's own history and its sector peers — see the peer comparison for context.
How we got this fair value
Every number below is part of the same estimate for Apar Industries Limited. Nothing here is a target price or a forecast of where the share price will go.
Workable, with real gaps. Weigh it alongside your own view rather than on its own.
Estimate range ₹9,228 – ₹11,278
Why this method for this business
The company operates in the capital goods sector, which is capital-intensive and requires a DCF approach. However, the deterministic baseline already uses a relative P/E model, which is appropriate for a company with strong growth and a durable moat. EV/EBITDA is also suitable for assessing the company's value relative to its earnings.
The models behind the number
Each method is weighted by how well its inputs held up for this company.
required inputs missing
- dcf is not used due to the lack of reliable forward cash flow estimates and the company's capital-intensive nature, which makes DCF less effective.
What was missing
- Lack of detailed forward cash flow estimates for DCF
- Limited historical EBITDA margin data for normalization
What drives it
16 inputs, grouped by how strong each claim is
- Sector-median P/E
- 31.51×
- Peers used
- 7
- EPS (TTM)
- 294.12 ₹/share
- Own-history median P/E
- 15.03×
peer-median
peer-median
computed
reconstructed (one feature, dampened — not a cap)
- Anchor correction
- peer anchor 31.5x diverges 0.5x from 7yr own-history 15.0x (no size-comparable peer) — anchor blended 0.6 toward own-history → 21.6x
- Term: quality
- +7.2%
- Term: growth
- +40.0%
- Term: capital_allocation
- +8.6%
- Term: financial_strength
- +7.5%
- Term: history
- -9.1%
- Term: sector_rerating
- +0.0%
- Term: rate_regime
- +1.2%
- Term: risk
- +0.0%
peer-anchor mismatch — deep own-history used instead
quality 70/100 (high, stable returns) → premium
durable ~36% CAGR (ROCE 30% > hurdle) → premium
capital allocation: rising ROCE funded by strong FCF → premium
financial strength: low leverage (D/E 0.2) → mild premium
history: market paid -30% vs sector, dampened ×0.3 (one feature, not the anchor)
sector re-rating: no sector-norm history → not used
rates: risk-free 6.9% below ~7.1% normal → higher multiple
risk: no analyst-dispersion signal available → neutral (lowers confidence, not PE)
- Premium vs sector
- +61.2%
- Fair-multiple confidence
- 81%
- Fair P/E
- 34.86×
fundamentals + macro (not capped at own history)
data completeness + term agreement
sector median × ∏(1+term) — Dynamic Fair Multiple
Who computed this
A language model (qwen3:8b) selects the valuation method and the judgement inputs for Apar Industries Limited: which models suit the business, the moat, the growth and margin assumptions. It does not produce the number. The fair value itself is computed in Python by a deterministic engine (version 2026.08.1) from those inputs, so the same inputs always give the same result and every figure above can be traced to a source.
Estimated 14 Sept 2026. Re-run as new financials and news arrive.
How we value stocks
We estimate what a business is worth from its own economics: cash flows, returns on capital, and a multiple justified by its quality, rather than from where the share price has been. A fair value estimate is a view, not a verdict, and it is only as good as the inputs listed above.
Read the full fair-value methodologyUnderstand the ratios
More on Apar Industries Limited
DocStoX estimates are computed from reported financials, for informational purposes only, not investment advice. Consult a SEBI-registered advisor before investing.