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Aplab Limited

Aplab Limited

APLAB.BO
Aplab LimitedIN flagBombay Stock Exchange
94.00
INR
+2.43
- -
2.36BMarket Cap
Aplab Limited
APLAB.BO
(Bombay Stock Exchange)

Recent

price

94.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
99.2
83.05
60.99
81.67
63.75
60.71
61.62
52.19
45.49
44.11
45.32
31.54
31.62
27.43
31.1
23.24
24.88
Revenue per Share
0.49
-1.54
-12.02
0.72
-12.15
-15.04
-11.58
-13.57
4.63
0.18
-0.33
0.11
0.13
0.44
0.13
1
1.07
Basic EPS, GAAP
-1.44
-4.94
-24.21
-10.38
-3.43
-4.87
3.13
-15.98
0.57
-20.33
-1.26
11.12
-2.7
-0.25
0.48
4.26
- -
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
-1.82
-3.36
-4.88
-1.5
-14.06
-29.67
-40.31
-52.72
-47.67
-47.45
-47.19
-30.63
-30.04
-25.26
-21.39
6.25
6.69
Book Value per Share
19.72
18.29
20.15
23.65
10.85
-4.78
-15.43
-27.83
-22.79
-22.57
-22.31
-12.76
-12.18
4.01
5.05
7.78
8.32
Tangible Book Value per Share
12
12
12
12
12
12
12
12
12
12
12
16
16
18
20
25
23
Basic Weighted Avg Shares
1,160
971
713
955
746
710
721
610
532
516
530
514
515
495
637
584
584
Sales/Revenue/Turnover
4.78
6.57
-0.5
11.8
-5.18
-10.5
-5.78
-8.64
-6.97
7.61
11.3
12.81
10.53
8.31
-13.31
4.36
4.36
Operating Margin (%)
24
26
24
29
20
16
16
14
13
10
4
4
4
4
5
5
5
Depreciation Expense
6
-18
-141
8
-142
-176
-135
-159
54
2
-4
2
2
8
3
25
25
Net Income, GAAP
- -
- -
- -
11.39
- -
- -
- -
- -
18.76
- -
- -
- -
- -
- -
- -
26.05
26.05
Effective Tax Rate (%)
0.49
-1.85
-19.71
0.89
-19.05
-24.77
-18.79
-26
10.17
0.4
-0.73
0.34
0.4
1.61
0.41
4.31
4.31
Profit Margin (%)
23
-32
-210
-318
-373
-768
-883
-646
-129
-428
-439
-394
-259
21
7
80
80
Working Capital
103
94
134
128
74
- -
- -
- -
- -
- -
- -
- -
- -
- -
52
1
1
LT Debt
238
220
237
278
132
-56
-180
-325
-266
-264
-261
-208
-198
101
104
200
200
Total Equity
- -
- -
- -
10.29
- -
- -
- -
- -
-6.64
7.93
- -
14.69
15.03
10.23
- -
5.14
5.14
Return on Invested Capital (%)
- -
- -
- -
13.79
- -
- -
- -
- -
99.85
44.77
- -
72.05
-757.1
-52.51
- -
42.32
42.32
Return on Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
8.17
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
ST Debt
215
- -
187
LT Borrowings
53
- -
1
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
25
- -
25
Market Capitalization
1,811
1,680
1,381

Working Capital

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
Total Current Assets
457
- -
378
Cash, Cash Equivalents & STI
21
- -
76
Accounts Receivable, Net
248
- -
86
Inventories
168
- -
194
Total Current Liabilities
368
- -
298
Payables & Accruals
- -
- -
- -
ST Debt
215
- -
187
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
20.3%
-16.14%
92.92%
Free Cash Flow
-546.83%
-172.13%
996.8%
Net Income, GAAP
42.88%
190.27%
853.66%
Sales/Revenue/Turnover
-1.33%
2.73%
-8.2%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
91
109
119
176
495
2025
99
139
159
239
637
2026
154
173
113
143
584

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.01
0.08
0.21
- -
0.44
2025
0.06
0.85
-4.11
3.44
0.13
2026
0.34
0.64
0.42
-0.29
1

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
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Business
Aplab Limited manufactures, markets, sells and services professional electronic equipment worldwide, with core product divisions including Test and Measurement Instruments such as autocompute LCR-Q meters, precision LCR meters, power quality analyzers, digital multimeters, frequency counters, digital storage oscilloscopes, arbitrary waveform generators and battery capacity analyzers; Power Supplies encompassing DC lab power supplies, high power programmable power supplies, programmable AC power sources, regulated DC power supplies, dual/multi output DC power supplies and high current DC programmable electronic loads; UPS Systems comprising industrial and online UPS systems, inverters, static frequency converters and MIL grade UPS systems like the ATUT-MIL Series and NSP Series; Banking and Retail Automation products including multifunction kiosks, cash deposit kiosks, cheque deposit kiosks and self-service semi-automatic/automatic passbook printers; Laboratory Instruments such as melting point apparatus; as well as Design and Manufacturing Services and additional offerings like DC Power Systems, Cable Fault Locating Instruments, High Power DC Systems, Power Energy Savers and Ground Power Units. The company, founded in 1964 and headquartered in Thane, India, operates sales and support offices across more than 50 cities in India with global reach, serving sectors including education and research, defense, avionics and space research, telecom and broadcasting, banking and financial services, retail and manufacturing. Products comply with international standards including UL, VDE, CE marking and EMI-EMC requirements, supported by in-house R&D. In 2025, Aplab completed a rights issue of up to 1,25,70,000 partly paid-up equity shares at INR 19 each, aggregating approximately INR 23.88 crore, in a 1:1 ratio to eligible shareholders, with the offer opening June 4 and closing July 3 following record date May 29; the company also announced leadership changes effective September 1, 2025, with Mrs. Amrita P. Deodhar resigning as Managing Director while continuing in another role.