Synopsis: Shares of Apar Industries surged 4% after management reaffirmed its ₹40,000-per-tonne EBITDA target for conductors, backed by transmission demand, US export opportunities, and strong growth prospects in the data centre-driven cables business.
The shares of this company, which is one of the world’s largest manufacturers of conductors, offering a full range of conventional and new-generation specialty conductors are in the spotlight after they rose by 4 per cent in today’s market session following its management’s announcement of an EBITDA of Rs. 40,000 per tonne in its conductor business.
With a market capitalisation of Rs. 56,175 cr, the shares of Apar Industries Ltd were trading at Rs. 13985 per share, jumping 4% in today’s market session, making a high of Rs. 14,098.95, up from its previous close of Rs. 13,603.25 per share. The stock has delivered strong returns across multiple timeframes, gaining 74% over the past year, 70% on a year-to-date basis, 61% in the last six months, and 11% during the past month.
What’s the News
Apar Industries has guided for an EBITDA of Rs. 40,000 per tonne in its conductor business, while targeting around 10% volume growth, reflecting confidence in sustained demand from power transmission infrastructure projects.
The company is also seeing increased opportunities from the US market, with management indicating that the stabilisation of tariff policies could support higher export orders and strengthen its international business pipeline.
In the cables segment, Apar highlighted the growing opportunity from the data center ecosystem, estimating that cables account for roughly 2.5% of total data center capital expenditure. As data center investments accelerate globally, the company expects this to become a significant growth driver.
Management remains optimistic on the cables business, projecting approximately 25% annual growth over the next five years, supported by rising demand from data centers, infrastructure, industrial projects, and premium building solutions.
Backed by strong growth prospects across its key segments, Apar Industries believes it is well-positioned to double its profits over the next four years, driven by volume expansion, operating leverage, and a favorable business mix.
In conclusion, Apar Industries appears well-positioned to sustain its targeted Rs. 40,000 per tonne EBITDA in the conductor business, supported by healthy transmission sector demand, expanding export opportunities in the US, and strong growth prospects in the cables segment.
With data center investments emerging as a key demand driver and management projecting 25% annual growth in cables, the company’s confidence in doubling profits over the next four years underscores its robust long-term growth outlook. However, sustaining these margins will depend on continued execution, favorable raw material dynamics, and the pace of infrastructure and data center investments.
About the company
Apar Industries Ltd is one of the leading Indian manufacturers specialising in conductors, transformers, specialty oils, and power/telecom cables. The company serves utilities, infrastructure, renewable energy, telecom, railways, and industrial sectors across domestic and international markets.
It reported strong year-on-year growth in Q4FY26. Revenue rose 27% to Rs 6,603 crore from Rs 5,210 crore in Q4FY25, while EBITDA increased 9% to Rs 496 crore from Rs 455 crore. Net profit grew 1% to Rs 253 crore compared with Rs 250 crore a year earlier, and EPS improved to Rs 63.09 from Rs 62.24.
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