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

New Delhi. Shares of electronics major Apar Industries have surged since it announced its fourth-quarter fiscal 2024 results. Yesterday, Tuesday, May 14, shares of Apar Industries touched a new 52-week high of Rs 8,399 intraday. Today on May 15, this multi-beagger stock is trading marginally lower at Rs 8,284.80 (Apar Industries share price). Announcing its quarterly results, small-cap company Apar Industries Limited also announced a dividend of Rs 51 per equity share for the financial year 2023-24 with a price target of Rs 10.

Shares of Apar Industries have given investors a multi-bagger return of 200 percent in the last one year. Also, the share price has increased by 1,298% in two years. Last year on May 19, 2023, the share touched a 52-week low of Rs 2,650. The stock has thus far more than tripled from its 52-week low. The share price of Apar Industries has increased by 36% so far in the year 2024.

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

Shares are neither overbought nor in oversold zone
Talking about the technical aspects, the RSI of Apar Industries shares is at 59, indicating that it is neither in overbought nor oversold zone. The company’s shares have a beta of 0.7, indicating an average volatility in one year. It has a debt-to-equity ratio of 0.14 which is quite healthy and shows that its assets are mainly financed by equity. Similarly, the price-to-earnings ratio is 40.26, which is lower than its sector PE ratio of 65.9. Apar Industries had a return on equity of 28.51% for the last financial year, indicating efficient use of shareholder capital to generate returns.

(Disclaimer: The information given here is based on share performance. As investing in stock market is subject to market risk, please consult a certified investment advisor before investing. News 18 Hindi becomes liable for any damages you incur.)

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