Risk factor
Very poor trading liquidity
Profitability factor
Greatly overvalued vs peers
About
Aplab Limited, established in 1962 and headquartered in Navi Mumbai, India, is a global enterprise specializing in the manufacturing, marketing, sales, and servicing of diverse electronic equipment. Its comprehensive product portfolio includes various Uninterruptible Power Supply (UPS) systems, such as industrial, online, static frequency converters, and mil-grade units. Additionally, Aplab provides an extensive range of power supplies, encompassing DC lab models, high-power programmable units, high-voltage variable linear DC supplies, programmable linear power supplies, electronic loads, variable frequency AC sources, and variable output linear power supplies. The company's offerings also extend to a wide array of test and measurement instruments, from arbitrary waveform generators, battery testers, communication and signal testing equipment, component testers, counters and timers, digital storage oscilloscopes, and multimeters to power quality analyzers, and various signal and function generators. Furthermore, Aplab supports banking and retail sectors with automation products like multifunction, cash deposit, and cheque deposit kiosks, along with self-service semi-automatic and automatic passbook printers. Beyond hardware, Aplab offers outsourced design and manufacturing services, and specialized laboratory instruments like melting point apparatus. Its primary clientele is diverse, serving fields such as education and research, defense, avionics and space exploration, telecommunications and broadcasting, banking and financial services, retail, and various manufacturing industries.
Company Valuation
Based on key historical and expected multiples, the stock is greatly overvalued relative to its peers. In particular, the stock is overpriced on P/E, 'expensive' on EV/EB