AplabNSE:APLAB 53 Debt-to-Equity is 0.94 as of Mar. 2026. GuruFocus rates NSE:APLAB with a GF Score™ of 53/100 and a GF Value™ of ₹14.04. The stock has 3 warning signs investors should review. Among 2,674 Industrial Products companies, Aplab ranks worse than 85.86% on this metric.
A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.
The historical rank and industry rank for Aplab's Debt-to-Equity or its related term are showing as below:
NSE:APLAB'
s Debt-to-Equity Range Over the Past 10 Years
Min: -4.33 Med: -2.41 Max: 2.88
Current: 0.94
During the past 13 years, the highest Debt-to-Equity Ratio of Aplab was 2.88. The lowest was -4.33. And the median was -2.41.
NSE:APLAB's Debt-to-Equity is ranked worse than 85.86% of 2674
companies
in the Industrial Products industry
Industry Median: 0.28
vs NSE:APLAB: 0.94
Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.
Aplab Debt-to-Equity Related Terms
Aplab Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Aplab's Debt-to-Equity can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Electrical Equipment & Parts subindustry, Aplab's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Aplab Debt-to-Equity vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Aplab's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Aplab's Debt-to-Equity falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Aplab (NSE:APLAB) has a Debt-to-Equity of 0.94 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Aplab and its competitors. According to the industry distribution chart, Aplab ranks #2296 out of 2674 companies in the Industrial Products industry, placing it in the top 85.9%.
Is Aplab's Debt-to-Equity too high?
Aplab's current Debt-to-Equity is 0.94. The Industrial Products industry median Debt-to-Equity is 0.28. Aplab's value of 0.94 is 235.7% above this industry median. Based on the distribution chart, Aplab ranks #2296 out of 2674 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, Aplab has a GF Score™ of 53/100, reflecting its overall financial health beyond just this single metric.
How does Aplab's Debt-to-Equity compare to VRT and BE?
According to the Industrial Products industry distribution chart, Aplab ranks #2296 out of 2674 companies for Debt-to-Equity. This places Aplab in the lower half of its industry. The industry median Debt-to-Equity is 0.28. Aplab's value of 0.94 is 235.7% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Equity for an Industrial Products company?
The median Debt-to-Equity among Industrial Products companies is 0.28, based on 2,674 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Aplab's current Debt-to-Equity of 0.94 is 235.7% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Aplab and its competitors. For the Industrial Products industry, the median Debt-to-Equity is 0.28 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Aplab's current Debt-to-Equity is 0.94. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aplab stock overvalued right now?
Aplab (NSE:APLAB) has a current Debt-to-Equity of 0.94. The stock's GF Value™ is ₹14.04, compared to a current price of ₹32.50 — trading 131.5% above its estimated fair value. The current Debt-to-Equity is 0.94 and 235.7% above the Industrial Products industry median of 0.28. Aplab's overall GF Score™ is 53/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For Aplab (NSE:APLAB), the current Debt-to-Equity is 0.94 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Aplab (NSE:APLAB) Overvalued in 2026?
Based on GuruFocus' analysis, Aplab stock appears to be overvalued.
The current stock price of ₹32.50 is trading 131.5% above its estimated GF Value™ of ₹14.04.
Key valuation signals for NSE:APLAB:
Debt-to-Equity: 0.94
GF Value™: ₹14.04 vs. price of ₹32.50 (131.5% above fair value)
Industry Position: 235.7% above the Industrial Products median (#2296 of 2674)
No single metric tells the full story. See the NSE:APLAB stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Aplab Ltd is an India-based company engaged in the business/operations of manufacture, sale, and servicing of professional electronic equipment. The company's products include uninterruptible power supply (UPS) systems, high-power DC systems, solar energy systems, test & measurement instruments, power supplies, banking & retail automation products, fault locating instruments, laboratory instruments, and design & manufacturer services. It has independent product divisions including test and measurement equipment, power conversion and UPS systems, and self-service terminals for the banking sector.
53GF Score
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