Associated Power Structures Limited Unlisted share Price
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Associated Power Structures Limited Unlisted share Price
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Associated Power Structures Limited Unlisted share Price
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About Associated Power Structures Limited Unlisted share Price
Associated Power Structures Limited Unlisted share Price
India’s power transmission and infrastructure expansion has created strong interest in companies operating in the EPC and tower manufacturing space. One such emerging industry leader is Associated Power Structures Limited, a company known for its deep experience in transmission line EPC, galvanized steel towers, and substation projects. As the demand for quality unlisted equities continues to rise, many investors are actively tracking the Associated Power Structures Limited Unlisted share Price to understand its long-term potential.
This page provides a clear, easy-to-follow overview of the company, its market positioning, and the key factors influencing investor sentiment toward its unlisted shares.
About the Company – A Trusted Name in Power Transmission
Associated Power Structures Limited (APSL) has built a strong reputation across India and in several international markets through its engineering expertise and consistent execution of high-voltage transmission line projects. With decades of experience, the company has progressed from domestic supply contracts to full EPC (Engineering, Procurement & Construction) turnkey solutions across countries such as Rwanda, Kenya, Bangladesh, the Philippines, and Europe.
APSL has also expanded its manufacturing capacity, upgraded its galvanizing units, and diversified into higher-voltage projects including 400kV, 765kV, and even 800kV HVDC lines. This evolution showcases its ability to compete with established industry players, making the Associated Power Structures Limited Unlisted share Price increasingly relevant for early-stage investors.
Overview of Associated Power Structures Limited Unlisted Share Price
The Associated Power Structures Limited Unlisted share Price reflects investor expectations about the company’s future growth, international presence, and stable order book. As a participant in India’s rapidly growing power infrastructure segment, APSL benefits from government-backed investments in transmission networks, renewable energy evacuation lines, and cross-border grid connectivity.
The company’s historical milestones—such as executing 400kV and 765kV EPC projects, entering new export markets, and successfully completing large substation projects—strengthen its visibility in the unlisted market. These achievements contribute to steady investor interest and result in a more active secondary market for its unlisted shares.
Why Investors Are Interested in Associated Power Structures Ltd’s Unlisted Shares
Investors often explore the unlisted market to identify high-potential companies before they move toward an IPO. APSL fits this category for the following reasons:
1. Strong Position in the EPC Transmission Segment
The company has proven capabilities in high-voltage transmission lines, substation EPC, and international turnkey projects—segments expected to grow significantly over the next decade.
2. Expanding Global Footprint
APSL’s entry into the Middle East, Africa, and European markets supports long-term order visibility and reduces over-dependence on domestic projects.
3. Consistent Track Record of Execution
Completion of multiple large-scale EPC projects gives confidence to investors focusing on operationally strong companies.
4. Increasing Relevance in the Unlisted Ecosystem
As infrastructure-focused companies gain traction in the unlisted market, more investors are watching the Associated Power Structures Limited Unlisted share Price for early value creation opportunities.
Key Factors Influencing Associated Power Structures Limited Unlisted Share Price
Understanding these drivers helps investors assess whether the current market price reflects fair value:
1. Order Book Strength
A growing order pipeline—especially in 400kV+ transmission lines—directly enhances revenue visibility and investor confidence.
2. Industry Growth & Government Policies
Government initiatives such as transmission expansion plans, renewable energy corridors, and rural electrification influence sector performance.
3. Financial Performance
Metrics like revenue growth, EBITDA margins, and return on equity play an essential role in determining how the unlisted market values APSL.
4. International Contracts
Exports and overseas EPC projects typically carry higher margins, which can positively impact the unlisted valuation.
5. IPO Expectations
If the company moves toward a public listing, interest in the Associated Power Structures Limited Unlisted share Price generally increases, driven by potential valuation gains.
Benefits of Investing in APSL’s Unlisted Shares
- Early Access: Investors can enter before any potential IPO-related valuation jump.
- Strong Industry Outlook: Power infrastructure is a high-growth domain with long-term demand.
- Operational Strength: Proven execution capabilities reduce long-term business risk.
- Global Presence: A diversified market footprint improves revenue stability.
Risks to Consider Before Investing
Like any investment, there are uncertainties:
- Project Delays: EPC businesses can face delays due to regulatory or site-related issues.
- Working Capital Requirements: Infrastructure companies often require large upfront capital.
- Market Cycles: Changes in commodity prices (like steel and zinc) affect margins.
- Unlisted Market Liquidity: Buying and selling unlisted shares may take more time compared to listed stocks.
Investors should weigh both potential and risks before making a decision.
How to Buy Associated Power Structures Limited Unlisted Share Price?
Purchasing unlisted shares is a simple but regulated process:
- Connect with a trusted unlisted shares platform such as Unlisted Radar.
- Verify the latest Associated Power Structures Limited Unlisted share Price and available quantity.
- Complete KYC and payment through secure channels.
- Shares are transferred to your demat account via NSDL/CDSL.
- Retain them for long-term growth or liquidity upon future IPO/secondary market demand.
This process ensures transparency and compliance with SEBI norms, helping investors participate confidently in the unlisted market.
Read MoreFundamentals
Associated Power Structures Limited Unlisted share Price
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Per Equity ShareLot Size
Share
52 Week High
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52 Week Low
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Depository
PAN Number
ISIN Number
CIN
U29299GJ1996PLC029688
RTA
Market Cap (in Cr.)
₹ -
P/E Ratio
-
P/B Ratio
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Debt to Equity
-
ROE(%)
-
Book Value
-
Face Value
Total Shares
Financials
P&L Statement
| P&L Statement | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Interest Earned | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Income | 3.90 | 4.60 | 5.20 | 6.90 | 8.30 |
| Interest Expended | 3.60 | 4.10 | 4.80 | 5.40 | 6.10 |
| Operating Expenses | 755.00 | 802.00 | 861.00 | 928.00 | 1012.00 |
| Provisions and contingencies | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PAT | 22.30 | 26.70 | 31.50 | 37.80 | 42.60 |
| EPS | 6.80 | 8.10 | 9.40 | 11.00 | 12.40 |
| Gross NPA | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net NPA | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Financial Ratios | 2023 | 2024 | 2025 |
|---|---|---|---|
| Advances | 61.65 | 463.81 | 92.83 |
| Book Value | 46.53 | 50.73 | 67.91 |
| P/B | 0.00 | 0.00 | 0.00 |
| ROE(%) | 2.13 | 5.53 | 20.67 |
Balance Sheet
| Balance Sheet | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Fixed Assets | 243.00 | 259.00 | 276.00 | 294.00 | 312.00 |
| Cash and Balances | 15.00 | 17.00 | 19.00 | 21.00 | 24.00 |
| Investments | 9.00 | 11.00 | 13.00 | 15.00 | 18.00 |
| Advances | 94.00 | 105.00 | 118.00 | 132.00 | 146.00 |
| Other Assets | 44.00 | 48.00 | 52.00 | 58.00 | 63.00 |
| Total Assets | 405 | 440 | 478 | 520 | 563 |
| Liabilities | 2023 | 2024 | 2025 |
|---|---|---|---|
| Share Capital | 53.76 | 53.76 | 53.76 |
| FV | 2.00 | 2.00 | 2.00 |
| Reserves | 2449.95 | 2673.94 | 3341.59 |
| Borrowings | 805.29 | 1229.60 | 1988.93 |
| Deposits | 0 | 0 | 0 |
| Other Liabilities | 1056.13 | 1691.40 | 2289.47 |
| Total Liabilities | 4367.13 | 5650.7 | 7675.75 |
Cash-Flow Statement
| Cash-Flow Statement | 2023 | 2024 | 2025 |
|---|---|---|---|
| PBT | 372.00 | 448.00 | 562.00 |
| OPBWC | 424.00 | 497.00 | 614.00 |
| Term Deposit | -12.00 | -15.00 | -18.00 |
| Change in Investment | -4.00 | -4.00 | -7.00 |
| Change in Advances | -15.00 | -66.00 | -46.00 |
| Change in Deposit | -5.00 | -6.00 | -9.00 |
| Other Changes | 8.00 | 11.00 | 14.00 |
| Working Capital Change | -92.00 | -142.00 | -162.00 |
| Cash Generated From Operations | 283.00 | 296.00 | 429.00 |
| Tax | -71.00 | -92.00 | -141.00 |
| Cash Flow From Operations | 212.00 | 204.00 | 288.00 |
| Purchase of PPE | -61.00 | -74.00 | -94.00 |
| Sale of PPE | 3.00 | 4.00 | 6.00 |
| Purchase of Investment | -15.00 | -18.00 | -22.00 |
| Sale of investments | 4.00 | 7.00 | 9.00 |
| Others | -3.00 | -4.00 | -3.00 |
| Cash flow from Investment | -72.00 | -85.00 | -104.00 |
| Proceeds from Borrowing | 177.00 | 218.00 | 312.00 |
| Repayment of Borrowing | -148.00 | -186.00 | -254.00 |
| Dividend | 0.00 | 0.00 | 0.00 |
| Proceeds from Equity | 0.00 | 0.00 | 0.00 |
| Others From Financing | 4.00 | 5.00 | 7.00 |
| Cash Flow from Financing | 33.00 | 37.00 | 65.00 |
| Net Cash Generated | 136.00 | 148.00 | 249.00 |
| Cash at the Start | 959.00 | 1095.00 | 1243.00 |
| Cash at the End | 1095.00 | 1243.00 | 1492.00 |
Data not found
Shareholding Pattern
Public
8.59%
Satish Desai
32.49%
Parag Kothari
29.46%
Ajay Mukund Patel
29.46%
Public
8.59%
Satish Desai
32.49%
Parag Kothari
29.46%
Ajay Mukund Patel
29.46%
Public
8.59%
Satish Desai
32.49%
Parag Kothari
29.46%
Ajay Mukund Patel
29.46%
Peer Ratio
| Particulars (cr) | Revenue (FY2024) | EPS (FY2024) | Mcap (01.04.24) | P/E (01.04.24) |
|---|---|---|---|---|
| Kalpataru Projects International Ltd (KPIL) | 20264.00 | 20.90 | 32500.00 | 28.3x |
| Skipper Ltd | 2788.00 | 5.70 | 4850.00 | 23.8x |
| KEC International Ltd | 17381.00 | 12.60 | 15280.00 | 21.1x |
| Genus Power Infra | 1413.00 | 4.30 | 5600.00 | 29.5x |
| TransRail Lighting Ltd | 1134.00 | 7.10 | 1960.00 | 16.4x |
Events
Name
Details
2025
First ₹450 Cr+ EPC TL Project
Completed a TL EPC project exceeding ₹450 crore.
2024
First ₹100 Cr+ Substation EPC
Completed a turnkey substation EPC project worth over ₹100 crore.
First ₹350 Cr+ TL EPC Project
Executed a Transmission Line project exceeding ₹350 crore.
First 400kV TL (490 ckm+)
Delivered a 400kV Transmission Line EPC project >490 circuit km.
First 765kV TL (200 ckm+)
Completed a 765kV TL EPC project >200 circuit km.
First Export to Europe (Poland)
Delivered transmission towers to Poland for the first time.
2023
First Export to Europe (Estonia)
Completed first export transmission tower project to Estonia.
2021
First GIS Substation Project
Executed first Gas Insulated Substation EPC project.
2020
First Bangladesh Export Project
Exported TL towers to Bangladesh for the first time.
2019
First D.R. Congo EPC Project
Completed the first turnkey Transmission Line EPC project in D.R. Congo.
2018
First 400kV Substation (Bay Extension)
Company executed its first 400 kV substation bay extension EPC project.
First Sri Lanka Civil Works Order
Received first transmission line civil works order in Sri Lanka.
First Export Project to Philippines
Completed its first export TL tower project to the Philippines.
2017
First Rwanda TL Project
Delivered first turnkey Transmission Line EPC project in Rwanda.
2016
First EPC Project of ₹100 Cr
Completed first Transmission Line EPC project exceeding ₹100 Crores.
First 765kV TL Project
Executed first 765kV Transmission Line EPC project.
First 800 kV HVDC TL Project
Completed first 800 kV HVDC Transmission Line EPC project.
2014
First Export Order to Kenya
Company entered the Kenya market with its first export order for TL towers.
2013
First 400kV Turnkey TL Project
Completed the first 400kV Transmission Line EPC project.
2011
First 220kV Turnkey Transmission Line Project
Executed the first 220kV turnkey Transmission Line project in Gujarat under EPC basis.
2010
First Export Order to Oman
Company received and executed its first export order for transmission line towers in Oman.
Promoters or Management
| Name | Designation | Experience | Social Profile |
|---|---|---|---|
| Ajay Mukund Patel | Promoter & Joint Managing Director | 29 | |
| Parag Kothari | Promoter & Managing Director | 29 | |
| Satish Desai | Promoter & Chairman & Managing Director | 29 |
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