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APAR INDUSTRIES LTD

Register office

Address 301 / 306, Panorama Complex, R. C. Dutt Road, Vadodara - 390007, Gujarat, India
Tel. No. 91-265-2323175 / 2322798/ 2339906
Fax No. 91-265-2330309
Website http://www.apar.com
Mobile No. 91-7498269168 [Mr. Badriprasad Tripathi], 91-9619153413 [Mr. Satish Barai]

Capital

INR 382.700 Million

Bankers

Union Bank of India
Canara Bank
Kotak Mahindra Bank Limited
IDBI Bank Limited
ICICI Bank Limited
State Bank of India
IDFC Bank Limited
Axis Bank Ltd.
Bank of India
Credit Agricole - Corporate & Investment Bank
YES Bank Limited
Societe Generale
RBL Bank Limited
DBS Bank Limited
Indusind Bank Limited
Emirates NBD Bank

Factory Warehouse

SR.NO Address Fax No.:
Factory 1: Unit-III, Survey No.127/1/2, Village: Athola, Umarkui Road, Silvassa- 396230. India 91-260-6113501
Factory 2: Khata No 254/548, Plot No. 1383/1387/1393/1388/1390/1385, Vill : PO - Raghunathpali, Tahsil Kolabira, Dist. Jharsuguda-768213, Odisha. India
Factory 3 Khata No 326/360, 326/386/290/130, Plot No. 1931/4178, 1931 , 1932/3209, 1961 Village : Derba, Post Ghichhamura,Dist. : Sambhalpur - 768212, Odisha, India
Factory 4 Plot No., 148/3, 153, Survey No 189, P1, 157 To 163 and 2827, G.I.D.C. Umbergaon, Dist, Valsad, Gujarat- 396171. India 91-260-2562412
Factory 5 Plot No.2827, GIDC Road, Umbergaon Dist Valsad- 396171,Gujarat, India

SR.NO. Address Fax No.:
Works - Oils 1 : 18, TTC, MIDC Industrial Area, Near Rabale Telephone Exchange, Thane Belapur Road, Thane - 400701, Maharashtra India 91-22-27602692
Works - Oils 2 / Works - Conductors 1 : Survey 148/1, 148/3/1, Village Kudacha, Silvassa-Rakholi Road, Silvassa (DNH) - 396230, Maharashtra, India 91-260-3013402
Works - Conductors 2 : Unit 3, Survey No. 127/1/2, Village Athola, Umarkui Road, Silvassa (DNH) - 386320, Maharashtra, India 91-260-3013501
Works - Cables 1 : 158/163, GIDC, Umbergaon, District : Valsad - 396171, Gujarat, India 91-260-2562412
Works - Cables 2 : Survey No. 82/2, P and 88, 862/1 and 863/1, Village Khatawada-Manekpur Road, Tal. Umbergaon, District - Valsad - 396120, Gujarat, India
Works - Polymer Division : Plot No. J-1601/9, GIDC road, GIDC Industrial area, Umberagaon post office, GIDC Umbergaon District - Valsad - 396171, Gujarat, India
Manufacturing unit: : Plot No 153, Survey No. 189/P1, 157, 158 To 163 & 2827, GIDC, Umbergaon, Dict Valsad -396171, Gujarat, India

Financial Details

[all figures are in Rupees Millions]

PROFIT & LOSS ACCOUNT (STANDALONE)

PARTICULARS 2021/03/31 2020/03/31 2019/03/31
SALES
Income 59608.2 70171.5 75862.7
Other Income 257.7 245.3 148.2
TOTAL 59865.9 70416.8 76010.9
Less EXPENSES
Cost of Materials Consumed 43737.3 53904.3 60654.5
Purchases of Stock-in-Trade 789.7 1486 748.9
Changes in inventories of finished goods work-in-progress and Stock-in-Trade 390.9 -1633.9 -1246.9
Employees benefits expense 1504.3 1600.2 1395.7
Other expenses 9460.9 10372.6 9684
Transfer to property, plant & equipments -5.3 -11.4 0
Transfer to capital Asset 0 0 -26.9
TOTAL 55877.8 65717.8 71209.3
PROFIT/ (LOSS) BEFORE DEPRECIATION AND AMORTISATION INTEREST AND TAX 3988.1 4699 4801.6
Less DEPRECIATION/ AMORTISATION 848.7 791.5 601.3
PROFIT/ (LOSS) BEFORE INTEREST AND TAX 3139.4 3907.5 4200.3
Less FINANCIAL EXPENSES 1292.4 2190.8 1922.8
PROFIT/ (LOSS) BEFORE TAX 1847 1716.7 2277.5
Less TAX 478.8 326.9 806.6
PROFIT/ (LOSS) AFTER TAX 1368.2 1389.8 1470.9
EARNINGS IN FOREIGN CURRENCY
Physical Exports (FOB) 17937.2 19368.8 18945.4
Deemed Exports (Eligible for export incentives) 775.2 561 739.3
Others 790.3 704 579.6
TOTAL EARNINGS 19502.7 20633.8 20264.3
IMPORTS
Raw Materials 27033.8 29232 36219.1
Stores and Spares 63.4 50.9 27.4
Capital Goods 4.4 165.9 522.6
Others 832.6 1027.4 722.8
TOTAL IMPORTS 27934.2 30476.2 37491.9
Earnings / (Loss) Per Share (INR) 35.75 36.32 37.64

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

Particulars 2021/03/31 2020/03/31 2019/03/31
Current Maturities of Long term debt
Cash generated from operations
Net cash flow from (used in) operating Activities 2719.600 1054.500 6297.100

QUARTERLY RESULTS

PARTICULARS 2021/06/30 2021/09/30 2021/12/31
Type
Net Sales 16096.2 20941.1 20713.1
Total Expenditure 14988.9 19733.1 19647.7
PBIDT (Excl OI) 1107.3 1208 1065.4
Other Income 128.3 59.1 104.7
Operating Profit 1235.6 1267.1 1170.1
Interest 366.9 295.3 243.7
Exceptional Items
PBDT 868.7 971.8 926.4
Depreciation 214 216.1 219.4
Profit Before Tax 654.7 755.7 707
Tax 168.1 195.5 178.3
Provisions and contingencies
Profit After Tax 486.6 560.2 528.7
Extraordinary Items
Prior Period Expenses
Other Adjustments 0 0 0
Net Profit 486.6 560.2 528.7

PROFIT & LOSS ACCOUNT- (CONSOLIDATED)

PARTICULARS 2021/03/31 2020/03/31
SALES
Income 63880.2 74254.5
Other Income 222.6 179.9
TOTAL 64102.8 74434.4
Less EXPENSES
Cost of Materials Consumed 46757.8 57235.4
Purchases of Stock-in-Trade 789.7 1486
Changes in inventories of finished goods work-in-progress and Stock-in-Trade 453.5 -1648.2
Employees benefits expense 1603.8 1688.3
Other expenses 10126.8 10843.3
Transfer to property, plant & equipment's -6.3 -12.2
TOTAL 59725.3 69592.6
PROFIT/ (LOSS) BEFORE DEPRECIATION AND AMORTISATION INTEREST AND TAX 4377.5 4841.8
Less DEPRECIATION/ AMORTISATION 934.4 871.2
PROFIT/ (LOSS) BEFORE INTEREST AND TAX 3443.1 3970.6
Less FINANCIAL EXPENSES 1360.4 2276.5
PROFIT/ (LOSS) BEFORE TAX 2082.7 1694.1
Less TAX 477.7 342.6
PROFIT/ (LOSS) AFTER TAX 1605 1351.5
Earnings / (Loss) Per Share (INR) 41.94 35.32

Legal Form

A Public Limited Liability Company. The Company's Shares are Listed on the Stock Exchanges.

Incorporated

1989/09/28

Status

Company is an old & established concern with active business.

Payments

Fair

DIRECTORS

DIRECTORS AS ON: 2022

Name : Mr. Kushal Narendra Desai
Designation : Managing Director
Address: 801 Gitanjali Gardens 8th Floor 68-E Nepean Sea Road Rungta Lane Mumbai - 400006 Maharashtra India
Date of Appointment : 01.01.2012
DIN No.: 00008084
Name : Mr. Chaitanya Narendra Desai
Designation : Managing Director
Address: 601 Gitanjali Garden Rungta Lane 68-E Nepean Sea Road Opposite Ashoka Apartments Malabar Hill Mumbai 400006 Maharashtra India
Date of Appointment : 01.01.2012
DIN No.: 00008091
Name : Mr. Rajesh Narayan Sehgal
Designation : Director
Address: 1502 Octavius Near D-Mart Hiranandani Gardens Powai Mumbai - 400076 Maharashtra India
Date of Appointment : 24.04.2017
DIN No.: 00048482
Name : Mr. Fattechand Bhagwandas Virani
Designation : Director
Address: Maat Pita 1 Adarsh Society Kisanpara Chowk Raiya Road Rajkot - 360001 Gujarat India
Date of Appointment : 27.07.2001
DIN No.: 00062278
Name : Ms. Nina Pradip Kapasi
Designation : Director
Address: 1 and 3 Kesar Kunj 405 Telang Road Matunga Mumbai - 400019 Maharashtra India
Date of Appointment : 30.05.2014
DIN No.: 02856816
Name : Mr. Rishabh Kushal Desai
Designation : Additional Director
Address: 8Gitanjali Garden Apartment 68 E Napeansea Road Rungta Lane Near Regency Hotel Malabar Hill Mumbai -400006 Maharashtra India
Date of Appointment : 07.05.2019
DIN No.: 08444660
Name : Mr. Kaushal Jaysingh Sampat
Designation : Director
Date of Appointment : 30.01.2022
DIN No.: 01932997

MAJOR SHAREHOLDERS

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN AS ON: March 2022

Category of shareholder Total no# shares held Shareholding as a % of total no. of shares (calculated as per SCRR, 1957)As a % of (A+B+C2)
(A) Promoter & Promoter Group 23177550 60.57
(B) Public 15091069 39.43
Grand Total 38268619 100

STATEMENT SHOWING SHAREHOLDING PATTERN OF THE PROMOTER AND PROMOTER GROUP

Category of shareholder Total nos. shares held Shareholding as a % of total no. of shares (calculated as per SCRR, 1957)As a % of (A+B+C2)
A1)Indian 0
Individuals/Hindu undivided Family 1,84,85,727 48.31
Kushal Narendra Desai 92,08,503 24.06
Chaitanya Narendra Desai 90,97,432 23.77
Smt. Maithili N. Desai 0
Rishabh K Desai 42398 0.11
Gaurangi K Desai 3200 0.01
Noopur Kushal Desai 2139 0.01
Jinisha C Desai 500 0
Devharsh C. Desai 1,31,555 0.34
Any Other (specify) 46,91,823 12.26
APAR Corporation Private Limited 1,09,853 0.29
Maithili N. Desai Family Pvt. Trust - Trustee Mr. K. N. Desai & Mr. C. N. Desai 98983 0.26
Maithili Trusteeship Services Private Limited 300 0
Maithili N. Desai Family Pvt. Trust No. 2 - Trustee Maithili Trusteeship Services Pvt. Ltd. 44,02,687 11.5
Kushal N. Desai Family Private Trust - Trustee K. N. Desai, C. N. Desai and N. K. Desai 40000 0.1
Chaitanya N. Desai Family Private Trust - Trustee C. N. Desai, K. N. Desai and J. C. Desai 40000 0.1
Sub Total A1 2,31,77,550 60.57
A=A1+A2 2,31,77,550 60.57

STATEMENT SHOWING SHAREHOLDING PATTERN OF THE PUBLIC SHAREHOLDER

Category & Name of the Shareholders Total no# shares held Shareholding % calculated as per SCRR, 1957 As a % of (A+B+C2)
B1) Institutions 0
Mutual Funds/ 64,40,508 16.83
HDFC Trustee Company Limited 33,10,837 8.65
L&T Mutual Fund Trustee Limited 16,47,272 4.3
Nippon Life India Trustee Limited 12,96,240 3.39
Alternate Investment Funds 5,42,629 1.42
Foreign Portfolio Investors 21,14,052 5.52
Raiffeisen-Eurasien-Aktien 6,41,112 1.68
Financial Institutions/ Banks 264 0
Any Other (specify) 30 0
Sub Total B1 90,97,483 23.77
B2) Central Government/ State Government(s)/ President of India 0
Central Government/ State Government(s)/ President of India 97,771 0.26
Sub Total B2 97,771 0.26
B3) Non-Institutions 0
Individual share capital upto INR 0.200 Million 33,53,358 8.76
Individual share capital in excess of INR 0.200 Million 12,99,114 3.39
Any Other (specify) 12,43,343 3.25
Bodies Corporate 6,98,279 1.82
Non-Resident Indian (NRI) 2,69,347 0.7
HUF 2,25,140 0.59
Clearing Members 15,623 0.04
LLP 34,304 0.09
Foreign Portfolio Investor (Category - III) 650 0
Sub Total B3 58,95,815 15.41
B=B1+B2+B3 1,50,91,069 39.43

No. of Employees

1379 [Approximately]

CAPITAL STRUCTURE

Capital Structure AS ON: 31.03.2021

Authorised Capital :

No. of Shares Type Value Amount
101998750 Equity Shares INR 10/- each INR 1020.000 Million

Issued Subscribed & Paid-up Capital :

No. of Shares Type Value Amount
38268619 Equity Shares INR 10/- each INR 382.700 Million

Reconciliation of number of shares outstanding at the beginning and end of the year :

Outstanding at the beginning of the year 38268619
Issued / (Buy Back) during the year
Outstanding at the end of the year 38268619
Aggregate no. and class of shares bought back during the period of five years immediately preceding the reporting date:
No of Shares bought back 228150
Equity Shares bought back (2016-2017) 228150

Terms/rights attached to equity shares i) The Company has one class of equity shares having a par value of INR 10 per share. Each holder of equity shares is entitled to one vote per share. ii) In the event of liquidation of the Company, the holders of equity shares will be entitled to receive remaining assets of the Company, after distribution of all preferential amounts. The distribution will be in proportion to the number of equity shares held by the shareholders. Events after the reporting period The Company declares and pays dividends in Indian rupees. The Board of Directors of the Company have recommended final dividend for the financial year 2020 - 21 @ INR 9.50 per share aggregating to ` 36.36 crore on 38,268,619 Equity shares of INR 10/- each fully paid. This will be paid after approval by shareholders at the ensuing Annual General Meeting. The actual dividend amount is dependent upon the relevant share capital outstanding as on the record date / book closure.

Shareholders holding more than 5% shares in the company is set o No of shares %
Kushal N. Desai 9208503 24.06
Chaitanya N. Desai 9058946 23.67
Maithili N. Desai Family Pvt. Trust No. 2 - Trustee Maithili Trusteeship Services Private Limited 4402687 11.51
HDFC Trustee Company Limited 3539727 9.25
Reliance Capital Trustee Company Limited
L&T Mutual Fund Trustee Limited 2021139 5.28

Shares reserved for issue under options There are no shares reserved for issue under options and contracts / commitments for the sale of shares / disinvestment.

Products Details

Products:

Products: [AS PER GST] GOODS

HSN Description
2710 Petroleum oils and oils obtained from bituminous minerals, other than crude; preparations not elsewhere specified or included, containing by weight 70% or more of petroleum oils or of oils obtained from bituminous minerals, these oils being the basic constituents of the preparations; waste oils
8544 Insulated (including enamelled or anodised) wire, cable (including co-axial cable) and other insulated electric conductors, whether or not fitted with connectors; optical fibre cables, made up of individually sheathed fibres, whether or not assembled with electric conductors or fitted with connectors - Winding wire
9001 Optical fibres and optical fibre bundles; optical fibre cables other than those of heading 8544; sheets and plates of polarising material; lenses (including contact lenses), prisms, mirrors and other optical elements, of any material, unmounted, other than such elements of glass not optically worked
7608 Aluminium tubes and pipes
7408 COPPER WIRE - Of refined copper