Apar Industries share price (NSE: APARINDS) climbed 4% on June 23 to hit a new all-time high of ₹16,740.85 on the BSE. The stock surpassed its previous record high of ₹16,674.80 touched on June 18.
The strong rally has made Apar Industries one of the best-performing stocks in recent months. Over the last month, the stock has gained 34%, significantly outperforming the BSE Sensex, which rose only around 1% during the same period. Since its January 2026 low of ₹6,800, the stock has surged nearly 146%.
Investor sentiment received a boost after Apar Industries announced that its Middle East subsidiary signed an agreement with Saudi Aramco Base Oil Company (Luberef).
Under the agreement, Apar will manufacture specialty oils at the LubeHub facility in Yanbu, Saudi Arabia. The move is expected to strengthen the company's presence in the Middle East and support its long-term growth plans.
The facility will manufacture Apar's flagship transformer oils along with a range of specialty oil products for regional markets.
Apar Industries reported its highest-ever annual revenue and profit in FY26.
Key highlights include:
During the March 2026 quarter, revenue grew 26.7% year-on-year to ₹6,603 crore, supported by strong domestic demand, an improved product mix, and higher shipments to the United States.
The company secured fresh orders worth ₹11,450 crore during FY26.
As of March 31, 2026, Apar Industries had an order book of ₹7,671 crore, providing strong revenue visibility for the coming years.
The conductors business continues to benefit from renewable energy projects, transmission expansion, grid modernisation, and upcoming high-voltage direct current (HVDC) opportunities. Premium products now contribute more than half of the order book.
Management remains optimistic about long-term growth prospects, supported by:
The company is also benefiting from growing opportunities in agriculture mechanisation and manufacturing automation, which are driving demand for its lubricant products.
As of June 23, 2026, Apar Industries share price was trading at ₹16,470 on the NSE, up 1.84% for the day. The stock touched an intraday high of ₹16,750 and has gained sharply over the past few months.
Apar Industries' recent rally has been driven by a combination of strong financial performance, a record order book, positive business outlook, and its latest manufacturing agreement in Saudi Arabia.
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Published on: Jun 23, 2026, 2:27 PM IST
Kusum Kumari
Kusum Kumari is a Content Writer with 4 years of experience in simplifying financial market concepts. Currently crafting insightful content at Angel One, She specialise in breaking down complex topics into easy-to-understand pieces, blending expertise in market fundamentals and technical analysis.
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