Apar Industries is a multi-product company established in 1958.Broadly its product line can be classified into two viz, speciality oils and Aluminium conductors. Under the speciality oil division it produces Transformer oil, Industrial oil, Rubber processing oil, liquid paraffin ..etc. Its products are used in sectors like Power, Rubber, Tyre, Ink, Cosmetics, Food, Pharmaceutical, Health Care, Steel, Aluminium, Petrochemical, Plastic, Paper, Sugar, Cement and Automotive.It has two aluminium conductor plants each in Silvassa and Himachal Pradesh.Apar is the largest exporter of aluminium conductors from India under the brand name ‘POWERLINE’. All together ,company is getting almost 75% of its income from power related sectors. Power generation and Rural electrification efforts by government gives tremendous opportunities for the company going forward. Due to unexpected fall in the price of base oil resulted in loss on inventories and lower margins company posted a loss of 3.5 crore(1.7 crore VRS expense)on a sale of 2643 crore in last FY. But now ,Apar Industries made a strong come back with a nine month NP of 69 crore . Company is expected to post an EPS around Rs.30/- in FY2010.This is one of the decent midcap turnaround story of this year .A hold at CMP Rs.198/- and a good buy on dip around 150/-
