Power Transmission Cables Manufacturer Welcomes An Artist & Renowned Film Actor - Sonu Sood as Brand Ambassador
The stock gave multibagger returns of 600 per cent in just 2 years and a whopping 1,300 per cent in 3 years.
APAR Industries Limited has extended its partnership with Mr Sonu Sood as the brand ambassador for their Cable and Wire Products. This renewed endorsement agreement ensures Sood's continued association with the company. Additionally, the company has also renewed its contract with Everest Brand Solutions Private Limited to manage Sood's brand ambassador duties. Both agreements were renewed without any potential conflicts of interest or changes to the company's board of directors. The extended agreements will remain in effect until March 31, 2025.
Apar, established in 1958 by Mr. Dharmsinh D. Desai, is a leading force in India's electrification journey, boasting a global footprint. Beginning with power transmission cables, Apar has expanded its operations into three primary business segments: Conductors, Transformer and speciality oils (TSO), and Power/telecom Cables. Its product offerings cater to a diverse range of industries, including Railways, Renewable Energy, Defence, Mining, Transformers, Nuclear Atomic, Industrial, Motors & Generators, Power Transmission & Distribution, Shipping, Telecommunication & Data Communication, Wires & Cables. With a substantial order book of Rs 6,725 crore, Apar's premium products account for a significant 41 per cent share. The company's strong market position is further evidenced by a new order inflow of Rs 1,794 crore during the quarter.
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The company, with a market capitalization of Rs 36,151 crore, has exhibited robust profit growth, achieving a CAGR of 44.1 per cent over the past five years. Demonstrating a commitment to shareholder value, the company has maintained a consistent dividend payout of 23.7 per cent. The company's shares boast an impressive ROE of 27 per cent and ROCE of 44 per cent and are currently trading at 9.23 times their book value. Notably, DIIs have increased their stake in the company to 19.73 per cent in June 2024, up from 18.90 per cent in March 2023.
The stock gave multibagger returns of 600 per cent in just 2 years and a whopping 1,300 per cent in 3 years. Investors should keep an eye on this mid-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.
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