The case study is focused on the financial statement analysis of Apar Industries, one of the leading corporations working in electrical and metallurgical engineering at home and in foreign markets. This is a teaching case that aims to teach early-stage business and commerce students how to assess a real company’s performance and financial condition through ratio analysis using published secondary data. The interpretation strategy uses both internal and external (industry comparison) methods in order to assess the financial health of Apar Industries in a better and more holistic manner.
Apar Industries Ltd. (n.d.-a). Corporate profile. Retrieved, 9October2020, from https://apar.com/about-us/
2.
Apar Industries Ltd. (n.d.-b). Growth. www.apar.com/growth
3.
Apar Industries Ltd. (n.d.-c). Investor update: Q2FY12. https://www.apar.com/wp-content/uploads/2021/02/Q2-14.pdf
4.
Apar Industries Ltd. (2017, February1). Business analysis, learn and compound. https://rationalcompounding.wordpress.com/category/business-analysis
5.
Edelweiss Research. (2019, 1–12September). ‘COFFEE WITH CEO’Apar Industries—value-added boost. https://bsmedia.business-standard.com/_media/bs/data/market-reports/equity-brokertips/2019-09/15692151080.61508300.pdf
6.
HorneJ. C. van., & WachowiczJ. M.Jr. (2008). Fundamentals of financial management (13th ed., p. 719). Prentice Hall.
7.
IndiaMART. (n.d.). Apar Industries. www.indiamart.com/aparindustries/about-us.html
8.
Moneycontrol. (n.d.). Apar Industries. www.moneycontrol.com/india/stockpricequote/electric-equipment/aparindustries/AI40
9.
NDTV Profit. (n.d.). Directors report: Apar Industries Ltd. www.ndtv.com/business/stock/apar-industries-ltd_aparinds/reports-directors-report
10.
The Economic Times. (2019, 23December). 24x7 electricity for all: Tightrope walk for govt. www.economictimes.indiatimes.com/industry/energy/power/24x7-electricity-for-all-tight-ropewalk-for-govt/articleshow/72937779.cms
11.
The Hindu Business Line. (2017, 25September). PM launches Saubhagya scheme to provide power to all. www.thehindubusinessline.com/news/pm-launches-saubhagya-scheme-to-provide-power-to-all/article9872678.ece