How much is Apar Industries spending on capital projects in FY27?

The company has committed **₹1,500 crore** for FY27 investments. This is a sharp increase from the **₹740 crore** spent in the previous fiscal year.

What is the new EBITDA guidance for the conductor division?

Management raised the medium-term EBITDA guidance to **₹35,000–₹36,000** per metric ton. This replaces the previous baseline of **₹30,000** per metric ton.

What factors are driving the company's growth outlook?

Management points to the expansion of data centers and power grid modernization in both India and the United States. These are described as structural growth drivers for the business.

What are the primary risks mentioned by management?

The company faces near-term pressure from elevated metal prices and geopolitical supply chain disruptions. These factors are currently impacting freight costs and logistics.

Concalls · Electric Equipment · Large cap

Apar Industries doubles capex to ₹1,500 cr as margin outlook lifts

Management raised its conductor EBITDA guidance to ₹35,000–₹36,000 per metric ton, citing structural demand from global data centers and grid upgrades.

— 6 earlier stories on Apar Industries Ltd. →

APARINDS 28 May 2026 · 4:55 PM IST Verify on BSE · NSE

Mkt cap₹53,930 cr

P/E55.40×

ROE18.24%

Debt / eq.0.10

Div yld0.38%

₹1,500 cr Planned FY27 capital expenditure, more than double the ₹740 cr spent in FY26.

What's new

Conductor EBITDA guidance lifted to ₹35,000–₹36,000 per metric ton.
FY27 capex budget set at ₹1,500 cr, up from ₹740 cr in FY26.
Cable division revenue target set at ₹10,000 cr within five years.

Why this matters

The aggressive capex hike signals management's confidence in long-term infrastructure demand despite current supply chain volatility. By raising margin guidance, the company is betting that its specialized product mix can absorb rising metal costs while capturing the data center boom.

What we're watching

Execution of the ₹1,500 cr capex plan over the next twelve months.
Impact of elevated metal prices on quarterly margins.
Progress toward the ₹10,000 cr cable division revenue milestone.

The full read

Apar Industries is betting heavily on the global energy infrastructure cycle. After posting record annual consolidated revenues of ₹22,902 crore for FY26, management is doubling down on capacity.

It is a massive pivot.

The company plans to spend ₹1,500 crore on capex in FY27, a significant jump from the ₹740 crore deployed in the prior year, specifically to capture demand from data centers and grid modernization projects in India and the US. Alongside the spending hike, management lifted its medium-term EBITDA guidance for the conductor division to ₹35,000–₹36,000 per metric ton, up from the previous ₹30,000 baseline. While management acknowledges headwinds from high metal prices and supply chain disruptions, the long-term targets remain ambitious. The company is now aiming for a ₹10,000 crore revenue milestone for its cable division within five years. The strategy is clear: scale up now to meet the structural demand shift.

Questions answered

How much is Apar Industries spending on capital projects in FY27?: The company has committed ₹1,500 crore for FY27 investments. This is a sharp increase from the ₹740 crore spent in the previous fiscal year.
What is the new EBITDA guidance for the conductor division?: Management raised the medium-term EBITDA guidance to ₹35,000–₹36,000 per metric ton. This replaces the previous baseline of ₹30,000 per metric ton.
What factors are driving the company's growth outlook?: Management points to the expansion of data centers and power grid modernization in both India and the United States. These are described as structural growth drivers for the business.
What are the primary risks mentioned by management?: The company faces near-term pressure from elevated metal prices and geopolitical supply chain disruptions. These factors are currently impacting freight costs and logistics.

Mentioned: Apar Industries · FY26 revenue of ₹22,902 cr · FY27 capex of ₹1,500 cr

Primary source BSE · NSE

An independent reading of the company's own disclosure — the primary filing above is the final word.

Story so far

All notes on APARINDS →

28 May 2026 · 4:55 PM IST Apar Industries doubles capex to ₹1,500 cr as margin outlook lifts
today Apar Industries hits record revenue of ₹22,902 cr
today Apar Industries hits record ₹22,902 cr revenue in FY26
today Apar Industries confirms FY26 results and ₹60 dividend
today Apar Industries hits record revenue of ₹22,902 crore