Aplab Ltd (APLAB) · mywealthgrid

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Peers

Comparable companies from the narrowest available industry classification.

Screen this industry Compare top 5 side-by-side

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Apar Industries LimitedAPARINDSAPARINDS	₹70,945 Cr	₹71,785 Cr	₹24,389 Cr	₹2,159 Cr	8.2%	₹1,182 Cr	4.3%	32.6%	19.7%	30
Waaree Energies LimitedWAAREEENERWAAREEENER	₹67,322 Cr	₹69,813 Cr	₹30,043 Cr	₹6,351 Cr	22.3%	₹2,763 Cr	14.6%	39.7%	30.9%	95
Premier Energies LimitedPREMIERENEPREMIERENE	₹39,863 Cr	₹43,480 Cr	₹8,466 Cr	₹2,543 Cr	30.4%	₹1,665 Cr	19.3%	36.3%	42.4%	115
Mtar Technologies LimitedMTARTECHMTARTECH	₹24,015 Cr	₹24,384 Cr	₹1,080 Cr	₹228 Cr	19.5%	₹133 Cr	10.7%	17.2%	12.1%	419
Emmvee Photovoltaic Power LimitedEMMVEEEMMVEE	₹21,177 Cr	₹21,355 Cr	₹5,578 Cr	₹1,932 Cr	34.3%	₹1,274 Cr	21.4%	43.6%	51.1%	159
Diamond Power Infrastructure LimitedDIACABSDIACABS	₹18,182 Cr	₹20,711 Cr	₹2,298 Cr	₹270 Cr	11.7%	₹197 Cr	8.3%	12.4%	—	93
Avalon Technologies LimitedAVALONAVALON	₹15,232 Cr	₹15,415 Cr	₹1,764 Cr	₹201 Cr	10.8%	₹134 Cr	7.1%	23.4%	16.9%	160
Fujiyama Power Systems LimitedUTLSOLARUTLSOLAR	₹12,327 Cr	₹12,788 Cr	₹3,403 Cr	₹639 Cr	18.5%	₹294 Cr	11.5%	29.6%	23.9%	123
Genus Power Infrastructures LimitedGENUSPOWERGENUSPOWER	₹8,518 Cr	₹10,817 Cr	₹5,173 Cr	₹973 Cr	19.2%	₹652 Cr	12.5%	31%	29%	188
Waaree Renewable Technologies LimitedWAAREERTLWAAREERTL	₹8,436 Cr	₹8,517 Cr	₹3,652 Cr	₹697 Cr	19.2%	₹511 Cr	14.4%	84.1%	68.9%	37
Ram Ratna Wires LimitedRAMRATRAMRAT	₹5,752 Cr	₹6,407 Cr	₹6,047 Cr	₹310 Cr	5.1%	₹127 Cr	2.1%	30.4%	20.1%	33
Vikram Solar LimitedVIKRAMSOLRVIKRAMSOLR	₹5,594 Cr	₹5,694 Cr	₹5,232 Cr	₹800 Cr	19.1%	₹357 Cr	9.8%	31.4%	21.3%	11

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Standalone figures · ₹ crore · years without a filed annual are summed from quarters

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	71	72	62	53	52	53	51	51	50	64	58
COGS	—	—	-30	-26	-19	23	19	17	16	-34	25
Gross profit	—	—	—	—	—	30	33	35	33	—	33
	78	75	96	81	67	25	26	30	29	106	30
	-7	-2	-4	-2	4	5	6	5	5	-8	3
OPM %	-9.5%	-3.4%	-6.4%	-4.7%	7.8%	9.3%	12.5%	10.5%	9.1%	-12.5%	5.2%
Depreciation	—	—	1	1	1	0	0	0	0	0	0
Interest	11	11	11	8	6	6	5	3	3	3	2
	1	1	0	0	0	1	-1	-2	0	5	3
Profit before tax	-18	-13	-16	7	0	-0	0	0	1	-7	3
Tax	—	—	—	—	—	0	0	0	0	—	1
Tax %	—	—	—	—	—	0%	0%	0%	0%	—	26.2%
	-18	-12	-16	5	0	-0	0	0	1	0	3
PAT margin %	-24.8%	-17.3%	-25.6%	10.1%	0.4%	-0.7%	0.3%	0.4%	1.6%	0.4%	4.3%
EPS (₹)	-30.8	-24.9	-27.7	11.2	0.5	-0.8	0.2	0.2	0.7	-5.2	1.7
EPS adjusted (₹)	—	—	—	—	0.4	-0.8	0.2	0.2	0.7	0.2	1.6
Annual report	Annual report for Mar 2016	Annual report for Mar 2017	Annual report for Mar 2018	Annual report for Mar 2019	Annual report for Mar 2020	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	Annual report for Mar 2026

₹ Cr	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	5	5	10	10	11	13	16
Reserves	—	-31	-31	-30	-1	-2	4
	—	72	48	50	26	30	19
	—	44	40	45	35	30	19
Total equity & liabilities	—	90	66	76	71	70	58
	3	3	6	7	7	6	9
CWIP	—	4	1	0	0	1	0
Investments	—	0	0	0	0	0	0
	—	82	59	68	64	63	49
Total assets	—	90	66	76	71	70	58

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	-1	19	-4	-3	2	14
	-0	-0	0	0	-1	-2
	0	-19	3	4	1	-8
Net cash flow	-1	-1	-0	0	2	3
Free cash flow	-1	19	—	—	2	11
CFO / Operating profit %	-20.7%	291.3%	-69.1%	-74.6%	—	450.5%

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Ratios

Annual operating, return, leverage and working-capital ratios.

Standalone figures

Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	—	56.6%	63.9%	67.8%	67.2%	—	56.6%

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	63.28%	63.28%	63.28%	63.28%	63.28%	67.6%	67.6%	67.6%	43.83%	43.83%	43.83%	43.83%
FII	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.01%	0.01%	0.01%	0.01%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	36.7%	36.7%	36.7%	36.7%	36.7%	32.38%	32.38%	32.38%	56.16%	56.16%	56.16%	56.16%
No. of shareholders	—	—	—	—	—	—	—	—	5,619	5,404	5,367	5,217

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

52 announcementsExport CSV

9 Jul 2026, 10:35 amCompany Update

Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018

Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 PDF

29 Jun 2026, 4:45 pmInsider Trading / SAST

Closure of Trading Window

Closure of Trading Window PDF

30 May 2026, 12:26 pmCompany Update

Compliances-Reg.24(A)-Annual Secretarial Compliance

Reg.24(A)-Annual Secretarial Compliance PDF

28 May 2026, 12:50 pmCompany Update

Statement Of Deviation & Variation Certificate Received From Infomerics For The Period Ended 31St March, 2026

Reg. 32 (1), (3) - Statement of Deviation & Variation PDF

27 May 2026, 4:50 pmCompany Update

Announcement under Regulation 30 (LODR)-Resignation of Company Secretary / Compliance Officer

Resignation of Company Secretary / Compliance Officer PDF

27 May 2026, 4:47 pmCompany Update

Announcement under Regulation 30 (LODR)-Resignation of Chairman

Resignation of Chairman PDF

27 May 2026, 4:45 pmCompany Update

Appointment Of Directors And CFO

General PDF

26 May 2026, 3:30 pmBoard Meeting

Board Meeting Outcome for Audited Financial Results For The Year Ended 31St March, 2026 And Other Matters

Outcome of Board Meeting PDF

Date	Category	Subject	Filing
9 Jul 2026, 10:35 am	Company Update Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018	Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018	PDF
29 Jun 2026, 4:45 pm	Insider Trading / SAST Closure of Trading Window	Closure of Trading Window

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Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	—	56.6%	63.9%	67.8%	67.2%	—	56.6%

5 deals · 14 Sept 2022 – 6 Jun 2025

Date	Client	Type	Venue	Side	Quantity	Price	Value
6 Jun 2025	SHAH DIPAK KANAYALAL	Bulk	BSE	Sell	1,06,084	₹42.20	₹0.45 Cr
6 Jun 2025	NIRMITKUMAR ASHOKKUMAR PATEL	Bulk	BSE	Buy	65,724	₹42.07	₹0.28 Cr
16 Feb 2023	SHAH DIPAK KANAYALAL	Bulk	BSE	Buy	80,098	₹30.81	₹0.25 Cr
10 Feb 2023	SHAH MITA DIPAK	Bulk	BSE	Sell	1,17,130	₹21.49	₹0.25 Cr
14 Sept 2022	ZEE ENTERTAINMENT ENTERPRISES LIMITED	Bulk	BSE	Sell	1,99,964	₹17.01	₹0.34 Cr

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Bulk deals are a client trading over 0.5% of the equity in a session, aggregated across their trades; block deals are single negotiated trades in the exchange’s block window. Each is reported by the exchange it was crossed on, so NSE and BSE rows are separate trades rather than the same trade twice.

Working capital
Receivable days	—	—	105	125	188	167	125	54

Leverage
Current ratio	—	—	0.59	0.49	0.52	1.04	1.02	1.27

Aplab Ltd

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Ratios

Shareholding

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Annual reports

Events

2

1

Announcements

No fund holdings on record

2

1

Announcements

Annual reports

Compounded sales growth

Compounded profit growth

Return on equity

Return ratios
Return on assets %	—	—	-0.4%	0.3%	0.3%	1.1%	0.4%	4.3%

Aplab Ltd

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Cash flow

Ratios

Ratio timeline

Shareholding

Quarterly record

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Annual reports

Events

Dividends2

Board meetings1

Announcements

No fund holdings on record

Dividends2

Board meetings1

Ratio timeline

Quarterly record

Bulk & block deals

Board and management

Announcements

Annual reports

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

2

1

2

1