Shares of Apar Industries Limited hit a day high of Rs 16,736 on 23 June after its arm signed a base oil supply deal with Saudi Aramco.

The deal is straightforward. Apar’s Middle East arm will now receive base oils directly from Luberef’s facility inside the LubeHub Value Park in Yanbu, Saudi Arabia.

This gives Apar a local raw material source to manufacture transformer oils and a range of other specialty oils right there in the Kingdom, rather than shipping finished products from India or the UAE.

In an exchange filing, Saudi Aramco Base Oil Company said: ‘We are pleased to announce the signing of an agreement with APAR Industries Middle East Limited, to supply base oils within the lubeHub Value Park in Yanbu.’

This is not a one-off announcement. It fits into a much larger plan the company has been building. Apar’s chairman Kushal Desai told earlier this month that he expects profits to at least double over the next four to five years.

The company closed FY26 with record revenue of Rs 22,902 crore and is targeting annual additions of Rs 4,000 crore to Rs 5,000 crore going forward. To back that up, Apar plans to invest Rs 1,500 crore over the next 18 months, taking total planned capex to roughly Rs 2,200 crore.

The cable business alone is being targeted for 25% annual growth. On the quarterly front, Apar reported a 26.7% jump in revenue from operations to Rs 6,602.81 crore in Q4 FY26 compared to Q4 FY25, with net profit rising 1.4% to Rs 253.44 crore.

At 10:47 am on NSE, APARINDS was trading at Rs 16,503, up 2.05%. The stock has nearly doubled in 2026 so far, gaining around 98% year-to-date.

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