A MNC operating in Power Transmission, Petrochemical and Telecom sector
Hi fellow investor,
( Disclosure: I own shares of Apar Industries Ltd and hence my views on the topic is biased. Everything I conclude in the article is solely my opinion based on publicly available information. This should not be taken as financial advice. This is purely for educational purpose.)
Let’s get straight into it.
First a little History on the company!
Apar Industries was founded by late Shri. Dharmsinh D. Desai in 1958 as a manufacturer of power transmission conductors. It soon diversified its business into speciality oils in 1969 with a Special Oil Refinery in Mahul, Chembur. It has since grown these businesses multifold becoming one of the largest producers of conductors in the world with a total capacity on 180,000 metric tons and the fourth largest manufacturer of transformer oil in the world with total capacity of 542,000 Kilo-litres. In 2008, the company acquired Uniflex Cables, a manufacturer of cables for power and telecom sectors with an annual turnover of around …