Apis India Ltd - Stock Valuation and Financial Performance

BSE: 506166 | NSE: | Agriculture | Small Cap

Apis India Share Price

230.75 0.00 0.00%
as on 05-Jun'24 16:01

DeciZen - make an informed investing decision on Apis India

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity Bole Toh

1. Quality

2. Valuation

Fair

3. Price Trend

Apis India stock performance -

mw4me loader
P/E Ratio (SA):
5.93
Market Cap:
127.2 Cr.
52-wk low:
71
52-wk high:
230.8

Is Apis India Ltd an attractive stock to invest in?

1. Is Apis India Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Apis India Ltd is a average quality company.

2. Is Apis India Ltd undervalued or overvalued?

The key valuation ratios of Apis India Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is Apis India Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Apis India Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Apis India:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Apis India Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 20.7%16.3%19.9%12.5%10.9%9.8%4.3%6.2%6.4%7.2%-
Value Creation
Index
0.50.20.4-0.1-0.2-0.3-0.7-0.6-0.5-0.5-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 102119153163196225210273295332314
Sales YoY Gr.-16.3%29.3%6.1%20.2%14.9%-6.6%30.2%8%12.5%-
Adj EPS 16.415.623.21920.618.74.79.811.514.538.9
YoY Gr.--4.8%48.2%-18.2%8.6%-9.2%-74.8%107.6%17.9%25.3%-
BVPS (₹) 3954.27795.4117.8134.5138.4147.5167.2182.3218.4
Adj Net
Profit
9.18.612.810.411.310.32.65.46.4821
Cash Flow from Ops. 11.412.915.913.212515.7-4.410.719-
Debt/CF from Ops. 3.93.514.54.613.14.1-18.89.53.9-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 14%11.2%16.5%12.5%
Adj EPS -1.4%-6.8%45.3%25.3%
BVPS18.7%9.1%9.6%9.1%
Share Price 34.6% 67.1% 132.3% 241.4%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
4429.532.220.518.814.83.56.87.38.319.4
Op. Profit
Mgn %
141411.410.3108.85.65.76.36.711
Net Profit
Mgn %
8.97.38.36.45.84.61.222.22.46.8
Debt to
Equity
1.81.40.410.80.90.911.10.7-
Working Cap
Days
211226155190228234292258276253116
Cash Conv.
Cycle
15517510712013012515814817114946

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 19.40%

Sales growth is growing at healthy rate in last 3 years 16.51%

Net Profit is growing at healthy rate in last 3 years 45.31%

Debt to equity has declined versus last 3 years average to 0.73

Sales growth is not so good in last 4 quarters at -8.26%

Latest Financials - Apis India Ltd.

Standalone Consolidated
TTM EPS (₹) 38.9 64.2
TTM Sales (₹ Cr.) 314 314
BVPS (₹.) 218.4 254.1
Reserves (₹ Cr.) 115 134
P/BV 1.06 0.91
PE 5.93 3.60
From the Market
52 Week Low / High (₹) 70.96 / 230.75
All Time Low / High (₹) 1.89 / 230.75
Market Cap (₹ Cr.) 127
Equity (₹ Cr.) 5.5
Face Value (₹) 10
Industry PE 23.6

Management X-Ray of Apis India:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Apis India

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales102119153163196225210273295332
Operating Expenses 88102136146176206199258277310
Manufacturing Costs3334121818171615
Material Costs7587118112125121107166188227
Employee Cost 3349131923201919
Other Costs 791021264851555348
Operating Profit 14171817201811151922
Operating Profit Margin (%) 14.0%14.0%11.4%10.2%10.0%8.2%5.4%5.6%6.3%6.7%
Other Income 0001101112
Interest 4521235678
Depreciation 1222233233
Exceptional Items 0000000000
Profit Before Tax 101014151612481014
Tax 1114532336
Profit After Tax 9913101192568
PAT Margin (%) 8.9%7.2%8.3%6.3%5.8%4.1%1.1%2.0%2.2%2.4%
Adjusted EPS (₹)16.215.322.918.420.316.63.99.711.614.5
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%3%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 253346566574768192100
Share Capital 9999666666
Reserves 16243747596971768795
Minority Interest0000000000
Debt43451558556665809972
Long Term Debt21112331097
Short Term Debt41431457526362709165
Trade Payables58923303639404245
Others Liabilities 66232413261820
Total Liabilities 809272141151180193226251237

Fixed Assets

Gross Block10121416232527273032
Accumulated Depreciation035791113151821
Net Fixed Assets10999141414121211
CWIP 1344123100
Investments 0008000000
Inventories3530145461789210711095
Trade Receivables22412746374746598578
Cash Equivalents 2182912121
Others Assets1171118283737464051
Total Assets 809272141151180193226251237

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 1113161312516-41119
PBT 101014151612481014
Adjustment 68589887910
Changes in Working Capital -4-5-3-10-13-136-17-51
Tax Paid 00000-3-1-3-3-6
Cash Flow From Investing Activity -5-6-4-6-8-7-102-3-10
Capex -2-5-3-4-8-6-2-1-3-1
Net Investments 0000000000
Others -3-1-2-20-1-730-9
Cash Flow From Financing Activity -5-8-5-13-1-7-52-6-10
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 000000072-2
Interest Paid -4-5-2-1-2-3-5-6-7-7
Dividend Paid 0000000000
Others -1-3-3-121-30000
Net Cash Flow 107-64-81-11-1
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)53.0933.4135.2921.6919.3113.353.16.797.348.29
ROCE (%)24.3219.8322.3617.6815.812.256.389.229.5811.59
Asset Turnover Ratio1.471.381.861.531.341.361.131.31.241.36
PAT to CFO Conversion(x)1.221.441.231.31.090.568-0.81.832.38
Working Capital Days
Receivable Days77988181776981708990
Inventory Days1041015377108113147133134113
Payable Days362726537799128877970

Apis India Ltd Stock News

Apis India Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Apis India on 05-Jun-2024 16:01 is ₹230.8.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 05-Jun-2024 16:01 the market cap of Apis India stood at ₹127.2.
The latest P/E ratio of Apis India as of 05-Jun-2024 16:01 is 5.93.
The latest P/B ratio of Apis India as of 05-Jun-2024 16:01 is 1.06.
The 52-week high of Apis India is ₹230.8 and the 52-week low is ₹70.96.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Apis India is ₹314.1 ( Cr.) .

About Apis India Ltd

Apis India was incorporated in the year 1924.The registered office of the company is at East Patel Nagar, New Delhi. Apis Group has a state of art processing plant in both the factories made as per European Standards with a capacity to process 100 tonnes of Honey per day with a homogenization capacity of 120MTs and filtration capability upto 5 microns at each unit. The Group annually deals in 10000 MTs of Honey with an annual growth rate of 40%.

Business area of the company:-

Apis has strong presence in domestic market as well as is a leading exporter of Honey from India to major international markets. The company deals in Organic Honey with more emphasis on light colored, high F/G, 'Good Taste' Organic Honey rather than Conventional Organic Honey, Its speciality being Organic Honey from the Himalayas.The company also specializes in Honey like Ginger, Lemon, Organic, Honey with Nuts, Honey with Comb.

Its products:-

  • Glass Bottles
  • Squezy bottles
  • Upside down bottles
  • Pet jars
  • Bear Shape bottles
  • Hexagon Type bottles
  • Buckets

Awards & Certification:-

  • The company has been awarded consecutively since the year 2003 by Ministry of Commerce, Government of India for our achievement in Exports of Honey.
  • It is an ISO 22000 certified by Intertek which is a documented procedure that applies to food Safety Management System framed by International body.
  • The company is certified by SGS, France for Organic operations.
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