As of 6 Nov 2026, APM Industries trades at 48.1× trailing earnings, above the industry P/E of 17.0×, and the shares are 12% below their 52-week high. Sales fell 9.1% a year over 3 years; its ROCE of −0.1% is the lowest among the 7 largest Textile Manufacturing peers. It carries very little debt. It is a small-cap company with a market cap of ₹115 Cr, ranked 111th of 246 Textile Manufacturing companies by market cap; the shares rose 39% over the past year.
- ₹53.22
- ₹54.99
- ₹53.22
- ₹55.00
- 379
Health check
- ReturnsIn line
+38.8% over a year, better than 4 of 7 peers.
- Price tagPricier
P/E 48.1 vs industry 17.0.
- GrowthShrinking
Sales −9.1% a year over 3 years.
- ProfitabilityNegative
ROCE -0.1% vs peer median 10.7%.
- Balance sheetStretched
Debt 0.08× equity, operating profit doesn’t cover interest, Piotroski 4 of 9.
- Red flags3 to check
Return on equity is low at −1.6%.
Small cap
Market sensitivity
Key metrics
- Market cap
- ₹115 Cr
- Small cap
- P/E
- 48.1
- Industry 17.0
- Price to book
- 0.69
- Peers 3.81
- Dividend yield
- 0.00%
- ROE
- −1.6%
- Peers 10.1%
- ROCE
- −0.1%
- Peers 10.7%
- Debt to equity
- 0.08
- Debt ₹13 Cr
- EPS (TTM)
- ₹1.11
- OPM (TTM)
- 3.4%
- Net margin 0.9%
- Sales growth
- −11.0%
- Latest quarter vs a year ago
- Profit growth
- n/a
- Year-ago quarter not reported
- Price to sales
- 0.44
- EV/EBITDA 10.9
Strengths and risks
Strengths
- Practically debt-free.
- Positive operating cash flow in each of the last 4 years.
Risks to check
- Return on equity is low at −1.6%.
- Quarterly sales down 11.0% on a year ago.
- P/E of 48.1 against an industry P/E of 17.0.
About APM Industries
APM Industries Limited manufactures and sells synthetic blended spun yarns in India. It offers single autoconed spliced yarns and double yarn auto coned TFO, including polyester/viscose blended spun yarns, polyester/acrylic blended spun fiber dyed yarns, polyester yarns, acrylic yarns, and polyester fancy yarns. The company was formerly known as Ajay Paper Mills Limited and changed its name to APM Industries Limited in April 1990. APM Industries Limited…
- Headquarters
- New Delhi
- Employees
- 1,722
- Sector
- Consumer Cyclical
- ISIN
- INE170D01025
- Website
- apmindustries.co.in
Price range
- Avg volume (3M)
- 6.8K
- 1-year return
- plus 38.8%
- From 52-week high
- minus 12.4%
Peers · Textile Manufacturing
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| KPRMILLK.P.R. Mill | 1,164.40 | minus 0.25% | 39,883 | 38.3 | 6.41 | 20.0% | 18.0% | 22.1% | 2.3% | 2.1% | 0.43% | plus 10.5% |
| WELSPUNLIVWelspun Living | 241.30 | minus 4.75% | 22,717 | 52.8 | 4.47 | 5.8% | 8.8% | 28.7% | 5.7% | 0.9% | 0.04% | plus 96.2% |
| VTLVardhman Textiles | 508.80 | minus 4.89% | 14,729 | 14.3 | 1.38 | 8.6% | 7.3% | 13.7% | −0.8% | −2.1% | 0.98% | plus 22.2% |
| ARVINDArvind | 494.75 | minus 0.58% | 12,969 | 28.4 | 3.10 | 15.4% | 11.1% | 10.9% | 3.4% | 0.8% | 0.91% | plus 57.3% |
| TRIDENTTrident | 23.88 | plus 0.08% | 12,168 | 25.4 | 2.53 | 10.7% | 10.1% | 14.9% | 1.8% | −5.1% | 2.09% | minus 16.6% |
| ICILIndo Count Industries | 489.85 | minus 2.25% | 9,702 | 39.8 | 3.81 | 9.5% | 5.5% | 9.7% | 11.6% | −22.9% | 0.31% | plus 78.7% |
| GARFIBRESGarware Technical Fibres | 715.65 | minus 2.13% | 6,988 | 29.8 | 4.97 | 19.3% | 15.3% | 19.2% | 5.6% | 4.9% | 1.26% | minus 3.9% |
| APMINAPM Industries | 53.42 | minus 2.87% | 115 | 48.1 | 0.69 | −0.1% | −1.6% | 3.7% | −9.1% | – | 0.00% | plus 38.8% |
| Median of 7 peers | – | −2.13% | 12,969 | 29.8 | 3.81 | 10.7% | 10.1% | 14.9% | 3.4% | 0.8% | 0.91% | 22.2% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 72.4 | 67.5 | 68 | 62.4 | 64.4 | |
| 71.4 | 64.7 | 65.3 | 62.1 | 61.3 | |
| 0.9 | 2.9 | 2.8 | 0.3 | 3.1 | |
| 1.3% | 4.3% | 4.0% | 0.5% | 4.8% | |
| 0.2 | 0.5 | 0.4 | 1.5 | 0.9 | |
| 0.1 | 0.1 | 0.1 | 0.2 | 0.3 | |
| 1.9 | 1.9 | 1.9 | 1.9 | 1.8 | |
| – | – | −0.6 | −1.5 | – | |
| −0.8 | 1.5 | 0.6 | −1.8 | 1.9 | |
| 25.3% | 26.9% | 27.6% | −93.4% | −138.7% | |
| −0.6 | 1.1 | 0.4 | −3.5 | 4.4 | |
| -0.29 | 0.49 | 0.20 | -1.63 | 2.05 |
Profit & loss
- Sales CAGR 3Y
- −9.1%
- ROE
- −1.6%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 358 | 300 | 291 | 268 | |
| – | minus 16.2% | minus 2.8% | minus 8.0% | |
| 320 | 287 | 287 | 260 | |
| 37.4 | 12.6 | 4.8 | 8.2 | |
| 10.4% | 4.2% | 1.7% | 3.1% | |
| 1.3 | 1.4 | 0.9 | 1.5 | |
| 1.5 | 2.5 | 1.6 | 0.4 | |
| 7 | 7.6 | 7.8 | 7.6 | |
| 0.2 | 0 | 0 | −2.3 | |
| 30.3 | 3.9 | −3.6 | −0.6 | |
| 29.5% | −6.4% | 83.2% | −329.0% | |
| 21.4 | 4.2 | −0.6 | −2.7 | |
| – | minus 80.5% | minus 114.6% | – | |
| 9.88 | 1.93 | -0.28 | -1.23 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 4.3 | 4.3 | 4.3 | 4.3 | |
| 166 | 167 | 165 | 163 | |
| 23.6 | 28.9 | 7 | 12.8 | |
| 54.8 | 51.6 | 47.2 | 53.1 | |
| 248 | 251 | 224 | 233 | |
| 170 | 173 | 165 | 154 | |
| 0.1 | – | – | – | |
| – | – | 3.6 | 4.7 | |
| 0.7 | 0.2 | 0 | 0 | |
| 77.4 | 78.6 | 54.8 | 74.5 | |
| 248 | 251 | 224 | 233 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 34.3 | 8 | 24.7 | 14 | |
| −17.1 | −7.6 | 0.5 | −19.2 | |
| −16.5 | −0.9 | −25.4 | 5.3 | |
| 0.6 | −0.5 | −0.2 | −0 | |
| −18.5 | −9.2 | −1.5 | −0.1 | |
| 15.7 | −1.2 | 23.2 | 13.8 | |
| −2.4 | −3.7 | −1.1 | −0.1 |
Shareholding pattern
This company is listed only on BSE, so there’s no NSE category split. See Major shareholders below for the named holders.
Major shareholders
Filings & events
News
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