200% return in 1 year, now you will get ₹ 51 dividend per share, this share made you happy

New Delhi. There has been a strong rise in the company’s shares since the announcement of the results of the fourth quarter of the financial year 2024 by the electrical equipment manufacturing giant Apar Industries. Yesterday i.e. on Tuesday, May 14, the shares of Apar Industries reached its new 52-week high level of Rs 8,399 intraday. Today on May 15, this Multibagger Stock is trading with a slight decline at Rs 8,284.80 (Apar industries Share Price). While declaring its quarterly results, small cap company Apar Industries Limited had also announced a dividend of Rs 51 on each equity share with face value of Rs 10 for the financial year 2023-24.

Apar Industries shares have given multibagger returns of 200 percent to investors in the last one year. At the same time, the price of this share has increased by 1,298 percent in two years. Last year, on May 19, 2023, this share had touched a 52-week low of Rs 2650. In this way, this stock has increased more than three times from 52-week low till now. So far in the year 2024, the share price of Apar Industries has strengthened by 36 percent.

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achieved record revenue
The company earned a record revenue of Rs 16,153 crore in FY24 with a growth of 13%. Net profit for the full year increased by 29% to Rs 825.11 crore. Apar Industries’ revenue in the fourth quarter of FY 2024 increased by 9 percent on annual basis (YoY) to Rs 4,455 crore. EBITDA recorded a year-on-year growth of 3% at Rs 457 crore for the quarter ending March 2024. For the full financial year, EBITDA grew 25% to Rs 1,632 crore. Q4 revenue for the cable segment grew 15% year-on-year amid a slowdown in the US market. However, the PAT of the company declined by 3% on annual basis to Rs 236 crore.

Shares neither in overbought nor oversold zone
Talking about technical aspects, the RSI of Apar Industries shares is at 59, which shows that it is neither in the overbought zone nor in the oversold zone. The beta of the company’s shares is 0.7, which indicates average volatility in a year. Its Debt To Equity Ratio is 0.14 which is quite healthy and shows that its assets are financed mainly through equity. Similarly, the Price To Earning Ratio is 40.26, which is less than its sector PE ratio of 65.9. Apar Industries’ Return on Equity for the last financial year was 28.51%, indicating efficient use of shareholder’s capital to generate profits.

(Disclaimer: The information given here is based on the performance of the shares. Since investing in the stock market is subject to market risk, please consult a certified investment advisor before investing. AyraNews24x7 Hindi is responsible for any loss you may incur. Will not done.)

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