Sharescart Research Club logo

Key Financials Snapshot

TTM · Standalone · ₹ in Cr
Market Cap
₹91 Cr.
Stock P/E
-148.8
P/B
0.5
Current Price
₹42
Book Value
₹ 78.8
Face Value
2
52W High
₹46.9
52W Low
₹ 31.6
Dividend Yield
0%

APM Industries Overview

Business

APM Industries Ltd. is primarily engaged in the manufacturing of cotton yarn, blended yarn, and synthetic yarn. The company operates spinning mills that process raw fibers into various counts of yarn used for weaving, knitting, and other textile applications. Its core business model involves sourcing raw materials (like cotton, polyester staple fiber), processing them into finished yarn, and selling these yarns to domestic and international customers, which include fabric manufacturers, knitwear companies, and garment producers. Revenue is generated directly from the sale of these yarn products.

Revenue Mix

The company's core and almost exclusive revenue segment is "Textiles," encompassing the manufacturing and sale of various types of yarn (cotton, blended, synthetic). A detailed breakdown of revenue contribution by specific yarn type (e.g., pure cotton vs. blended) is typically not publicly disclosed at a granular level for such companies, but all revenue streams are concentrated within the spinning business.

Industry

APM Industries operates within the Indian Textile - Spinning industry, which is highly fragmented, capital-intensive, and commodity-driven. India is one of the world's largest producers and exporters of cotton yarn. The industry is characterized by intense competition from numerous small, medium, and large players. APM Industries positions itself as a mid-sized player, likely competing on product quality, operational efficiency, and established customer relationships. Its presence contributes to India's significant role in the global textile supply chain.

MOAT

In the largely commoditized textile spinning industry, APM Industries likely possesses limited traditional moats. Potential competitive advantages, if any, would stem from:

Operational Efficiency: Continuous investment in modern machinery and lean manufacturing practices to achieve cost leadership in specific yarn counts.

Established Customer Relationships: Long-standing ties with buyers, ensuring consistent order flow and preferred supplier status.

Product Consistency & Quality: Ability to deliver consistently high-quality yarn meeting specific customer requirements.

Proximity to Raw Materials/Markets: Strategic location that may reduce logistics costs.

However, these are generally not considered strong, durable moats against broader industry competition.

Growth Drivers

Increasing Domestic Demand: Growth in India's population, rising disposable incomes, and evolving fashion trends are expected to drive demand for textiles and apparel, consequently increasing yarn consumption.

Export Opportunities: India's competitive position in global textile trade, aided by potential Free Trade Agreements (FTAs) and global supply chain realignments, can boost yarn exports.

Government Initiatives: Schemes like the Production Linked Incentive (PLI) scheme for textiles and 'Make in India' focus could incentivize capacity expansion and technological upgrades.

Value-added Products: Focus on specialized yarns, functional textiles, or sustainable production methods could open new markets and command better pricing.

Capacity Expansion & Modernization: Investments in increasing production capacity and upgrading technology can enhance market share and efficiency.

Risks

Raw Material Price Volatility: Significant fluctuations in the prices of cotton and synthetic fibers (key raw materials) directly impact production costs and profitability.

Power Costs: High and volatile electricity tariffs are a major operating expense for spinning mills, affecting cost competitiveness.

Intense Competition & Pricing Pressure: The fragmented nature of the industry leads to stiff competition, which can constrain pricing power and profit margins.

Currency Fluctuations: Affects the cost of imported raw materials and the realization from exports.

Global Economic Slowdown: A downturn in global economic activity or a recession can reduce demand for textiles and apparel, impacting order volumes.

Environmental Regulations: Increasing scrutiny on water usage, waste disposal, and energy consumption could lead to higher compliance costs.

Labor Issues: Availability of skilled labor and rising labor costs can impact operational efficiency.

Management & Ownership

APM Industries Ltd. is promoted by the S. K. Singh family, indicating a promoter-driven management structure common in many Indian businesses. Shri Sudhir Kumar Singh holds a key leadership position, often as Chairman & Managing Director. As of the recent publicly available shareholding patterns (e.g., December 2023), the promoter holding is substantial, typically around 75%, demonstrating strong family control and commitment.

Outlook

APM Industries operates in a fundamental yet competitive segment of the textile industry. The company stands to benefit from India's position as a major textile hub and the expected long-term growth in both domestic and global demand for textile products. Potential government support through various schemes and the company's focus on operational efficiencies could drive stability and incremental growth. However, its performance remains highly susceptible to the volatile prices of raw materials (especially cotton), high power costs, and intense competition from numerous domestic and international players. The lack of strong product differentiation in a largely commoditized market means that profitability will largely depend on efficient cost management, consistent product quality, and maintaining strong customer relationships amid a challenging operating environment.

APM Industries Share Price

Live · BSE · Inception: 1973
| |
Volume
Price

Key Financials — Profit & Loss

₹ in Cr · Standalone · annual

APM Industries Quarterly Results

#(Fig in Cr.) Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Net Sales 85 75 63 74 84 79 57 72 68 68
Other Income 1 0 0 1 0 0 1 0 1 0
Total Income 85 75 63 75 84 79 57 73 68 68
Total Expenditure 81 71 61 73 82 77 57 71 65 65
Operating Profit 5 4 2 1 3 2 0 1 3 3
Interest 1 1 1 1 1 0 0 0 0 0
Depreciation 2 2 2 2 2 2 2 2 2 2
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 -1
Profit Before Tax 2 2 -1 -1 0 -0 -2 -1 1 1
Provision for Tax 1 1 -2 -0 0 -0 -3 -0 0 0
Profit After Tax 1 1 1 -1 0 -0 1 -1 1 0
Adjustments 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 1 1 1 -1 0 -0 1 -1 1 0
Adjusted Earnings Per Share 0.6 0.6 0.4 -0.5 0 -0.1 0.3 -0.3 0.5 0.2

APM Industries Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 313 266 248 276 270 268 237 317 360 300 294 265
Other Income 3 4 11 9 4 2 1 1 2 1 1 2
Total Income 316 270 258 285 274 270 238 318 362 301 295 266
Total Expenditure 282 235 228 258 256 252 221 286 323 287 289 258
Operating Profit 34 35 30 27 18 18 17 32 39 14 6 7
Interest 2 2 2 4 4 5 4 3 2 2 2 0
Depreciation 3 3 4 5 5 6 6 6 7 8 8 8
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0 0 -1
Profit Before Tax 29 31 23 18 8 7 7 23 30 4 -4 -1
Provision for Tax 10 10 7 5 1 -0 2 8 9 -0 -3 -3
Profit After Tax 19 20 16 13 7 7 5 15 21 4 -1 1
Adjustments 0 0 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 19 20 16 13 7 7 5 15 21 4 -1 1
Adjusted Earnings Per Share 8.7 9.3 7.4 5.8 3.4 3.3 2.2 6.8 9.9 1.9 -0.3 0.7

APM Industries Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 179 189 179 190 122 131 136 151 170 171 169
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 4 5 11 17 17 22 11 15 9 11 0
Other Non-Current Liabilities 9 10 36 37 36 30 30 33 34 33 30
Total Current Liabilities 41 48 53 54 69 57 44 41 35 37 24
Total Liabilities 232 252 278 298 244 241 221 240 248 251 224
Fixed Assets 118 120 130 145 148 157 152 160 170 173 165
Other Non-Current Assets 33 52 62 71 11 5 6 6 8 8 8
Total Current Assets 81 80 86 81 84 79 63 74 71 70 50
Total Assets 232 252 278 298 244 241 221 240 248 251 224

APM Industries Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 1 2 0 0 0 0 0 0 0 1 0
Cash Flow from Operating Activities 30 23 7 27 7 21 28 15 34 8 25
Cash Flow from Investing Activities -20 -23 -14 -27 -11 -9 -4 -15 -17 -8 0
Cash Flow from Financing Activities -9 0 6 0 3 -11 -25 -0 -16 -1 -25
Net Cash Inflow / Outflow 1 -0 0 0 -0 0 -0 -0 1 -0 -0
Closing Cash & Cash Equivalent 2 2 0 0 0 0 0 0 1 0 0

APM Industries Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 8.72 9.3 7.42 5.81 3.4 3.32 2.22 6.83 9.88 1.93 -0.28
CEPS(Rs) 10.09 10.67 9.37 8.05 5.91 6.16 5.22 9.83 13.14 5.46 3.33
DPS(Rs) 2.7 3.5 2 1 0.5 0 0 1 1.6 0.5 0
Book NAV/Share(Rs) 52.7 57.78 82.76 87.96 56.54 60.76 63.05 69.85 78.69 79.13 78.38
Core EBITDA Margin(%) 9.86 11.6 7.68 6.56 5.08 6.12 6.74 9.74 10.35 4.16 1.53
EBIT Margin(%) 9.76 12.06 10.33 8.01 4.61 4.45 4.52 8.15 8.85 2.12 -0.67
Pre Tax Margin(%) 9.16 11.49 9.36 6.53 3 2.65 2.86 7.28 8.39 1.3 -1.23
PAT Margin (%) 6.01 7.55 6.47 4.55 2.72 2.66 2.01 4.62 5.91 1.38 -0.21
Cash Profit Margin (%) 6.95 8.66 8.17 6.31 4.72 4.94 4.74 6.66 7.86 3.92 2.44
ROA(%) 8.4 8.3 6.04 4.35 2.71 2.96 2.07 6.4 8.74 1.67 -0.26
ROE(%) 17.45 16.83 10.56 6.8 4.7 5.66 3.58 10.28 13.31 2.45 -0.36
ROCE(%) 24.77 22.76 13.68 9.67 5.99 6.62 6.13 14.68 16.87 3.25 -1.06
Receivable days 28.95 32.76 38.13 35.77 37.61 35.38 29.26 20.04 16.71 14.04 11.08
Inventory Days 48.02 56.54 65.57 57.81 59.53 65.59 71.61 52.54 49.93 63.28 57.08
Payable days 4.78 8.61 23.18 32.62 37.25 42.42 40.98 24.79 21.12 25.17 22.1
PER(x) 4.53 5.9 9.29 9.12 12.01 4.13 10.08 5.63 4.77 27.43 0
Price/Book(x) 0.75 0.95 0.83 0.6 0.72 0.23 0.35 0.55 0.6 0.67 0.43
Dividend Yield(%) 6.83 6.38 2.9 1.89 1.23 0 0 2.6 3.39 0.94 0
EV/Net Sales(x) 0.31 0.55 0.76 0.58 0.53 0.3 0.33 0.37 0.34 0.48 0.27
EV/Core EBITDA(x) 2.92 4.15 6.34 5.92 8.04 4.43 4.59 3.61 3.17 10.18 13.43
Net Sales Growth(%) 2.92 -15.12 -6.95 11.4 -2.26 -0.45 -11.83 33.93 13.78 -16.82 -1.95
EBIT Growth(%) -14.68 4.85 -20.35 -13.57 -43.57 -3.77 -10.25 141.5 22.91 -80.04 -131.03
PAT Growth(%) -11.99 6.6 -20.23 -21.77 -41.47 -2.32 -33.19 207.93 44.75 -80.47 -114.63
EPS Growth(%) -11.99 6.6 -20.19 -21.77 -41.47 -2.31 -33.19 207.93 44.75 -80.47 -114.63
Debt/Equity(x) 0.13 0.23 0.23 0.25 0.47 0.4 0.24 0.23 0.14 0.17 0.04
Current Ratio(x) 1.99 1.66 1.64 1.49 1.23 1.37 1.42 1.81 2 1.9 2.08
Quick Ratio(x) 1 0.78 0.76 0.74 0.54 0.51 0.43 0.63 0.56 0.45 0.47
Interest Cover(x) 16.4 21.07 10.7 5.42 2.86 2.47 2.71 9.29 19.03 2.59 -1.19
Total Debt/Mcap(x) 0.17 0.24 0.28 0.41 0.65 1.76 0.66 0.42 0.23 0.25 0.09

Growth Rates

Compounded annual
# 1 Year 3 Year 5 Year 10 Year
Sales CAGR -2% -2% +2% -1%
Operating Profit CAGR -57% -43% -20% -16%
PAT CAGR -125% 0% 0% 0%
Share Price CAGR +17% -5% +10% -3%
ROE Average 0% +5% +6% +8%
ROCE Average -1% +6% +8% +11%

APM Industries Shareholding Pattern

Latest · Mar 2026
100% held
Promoters 65.42 %
FII 0 %
DII (MF + Insurance) 0 %
Public (retail) 34.58 %
# Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 64.1964.1964.1964.1964.1964.1964.1964.564.7765.42
FII 0000000000
DII 0000000000
Public 35.8135.8135.8135.8135.8135.8135.8135.535.2334.58
Others 0000000000
Total 100100100100100100100100100100

APM Industries Peer Comparison

Textile - Spinning Edit Columns

APM Industries Quarterly Price

10-year quarterly close · BSE
Show Value Show %

News & Updates

See more…

APM Industries Pros & Cons

Pros

  • Stock is trading at 0.5 times its book value
  • Debtor days have improved from 25.17 to 22.1days.
  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • Company has a low return on equity of 5% over the last 3 years.
Want to Start Investing in Top Unlisted Stocks?

Our experts help you choose the right stocks based on performance, risk, and growth potential.

whatsapp