Is Apis India Ltd (506166) a good quality company?

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

Is Apis India Ltd (506166) 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 Overvalued zone .

What is Apis India Ltd (506166) share price return in the past 10 years?

Apis India Ltd share price has appreciated 18.8% annually (CAGR) over the past ten years.

Is Apis India Ltd (506166) 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.

What is the share price of Apis India Ltd (506166)?

Company share prices are keep on changing according to the market conditions. The current trading price of Apis India Ltd (506166) on 17-Apr-2026 16:59:59 at 16:59 is 66.05.

What is the P/E ratio of Apis India?

The latest standalone P/E ratio of Apis India as of 17-Apr-2026 is 37.85.

What is the P/B ratio of Apis India Ltd (506166)?

The latest standalone P/B ratio of Apis India Ltd (506166) as of 17-Apr-2026 is 3.11.

What is the 52-week high and low of Apis India Ltd (506166)?

The 52-week high of Apis India Ltd (506166) is Rs. 110.42 and the 52-week low is Rs. 12.36.

Apis India Ltd (506166) Share Analysis – Brand Strength, Quality & Valuation Zone & DeciZen Rating

Name: Apis India Ltd (506166)
Brand: Apis India

Apis India Ltd (506166) Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating

Key Metrics

Market Cap

₹910 Cr.

P/E Ratio

37.85

Price to Book (P/B)

3.11

Price to Sales (P/S)

2.38

EV/EBITDA

22.90

Return on Capital Employed (ROCE)

17.25%

Current Price

₹66.1

Return on Equity (ROE)

15.81%

Return on Assets (ROA)

8.49%

Operating Profit Margin

9.7%

Net Profit Margin

Gross Profit Margin

9.3%

Book Value per Share

₹21.3

Sales Growth (YoY)

10.84%

Sales Growth (3 Years)

5.87%

Operating Profit Growth (1 Year)

1.29%

Operating Profit Growth (3 Years)

22.05%

Net Profit Growth (1 Year)

-5.82%

52-Week Low / High

₹12 / 110

Net Profit Growth (3 Years)

48.92%

Dividend Yield

0.00%

Promoter Holding

74.72%

Pledged shares (%)
of Promoter's holding (%)

0.00%

Check Before You Invest

Q.1 Revenue growth of Apis India Ltd?

Apis India Ltd revenue growth is 10.8% for FY-2025 , which is in line with its 5 year CAGR of 10.8% , indicating stable growth.

Q.1 Promoter shareholding and pledge status of Apis India Ltd?

Promoters hold 74.72% of the Apis India Ltd, with 0.00% of their stake pledged, indicating no pledge risk.

Q.1 Revenue growth of Apis India Ltd vs industry peers?

Apis India Ltd revenue CAGR is 10.79% , compared to the industry median CAGR of 6.97% , indicating faster growth and gaining its market share.

Q.1 Which industry/sub-sector does Apis India Ltd belong to?

Apis India Ltd belongs to the FMCG sector, operating specifically within the Consumer Food segment.

Q.1 Stock return of Apis India Ltd over the last decade?

Over the last 9 year(s), the stock has delivered a CAGR of 18.9% based on the current price.

DeciZen - make an informed investing decision on Apis India

Based on:

Data

Overall Rating ⓘ
Login to view analysis.

1. Quality

2. Valuation

3. Price Trend

Apis India stock performance

Key Ratios

Is Apis India Ltd an attractive stock to invest in?

10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record

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

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
ROCE % ⓘ	22.4%	17.7%	15.8%	12.3%	6.4%	9.2%	9.6%	11.5%	19%	17.3%	-
Value Creation Index ⓘ	0.6	0.3	0.1	-0.1	-0.5	-0.3	-0.3	-0.2	0.4	0.2	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	153	163	196	225	210	273	295	332	316	350	383
Sales YoY Gr.	-	6.1%	20.2%	14.9%	-6.6%	30.2%	8%	12.5%	-4.8%	10.8%	-
Adj EPS ⓘ	0.9	0.8	0.8	0.8	0.2	0.4	0.5	0.6	1.7	1.5	1.8
YoY Gr.	-	-18.3%	7.9%	-8.5%	-74.7%	105.3%	18%	26.1%	184.5%	-7.9%	-
BVPS (₹) ⓘ	3.1	3.8	4.7	5.4	5.5	5.9	6.7	7.3	8.9	10.4	21.3
Adj Net Profit ⓘ	12.8	10.4	11.3	10.3	2.6	5.4	6.4	8	22.7	21	24
Cash Flow from Ops. ⓘ	15.9	13.2	12	5	15.7	-4.4	10.7	19.3	-3.3	5.7	-
Debt/CF from Ops. ⓘ	1	4.5	4.6	13.1	4.1	-18.8	9.5	3.8	-17.9	11.3	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	9.6%	10.8%	5.9%	10.8%
Adj EPS ⓘ	5.6%	51.6%	49%	-7.9%
BVPSⓘ	14.5%	13.5%	15.9%	17.2%
Share Price	18.8%	145.5%	194.7%	460.7%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
Return on Equity % ⓘ	32.2	20.5	18.8	14.8	3.5	6.8	7.3	8.3	20.3	15.8	11.1
Op. Profit Mgn % ⓘ	11.4	10.3	10	8.8	5.6	5.7	6.3	6.7	10.7	9.7	10.2
Net Profit Mgn % ⓘ	8.3	6.4	5.8	4.6	1.2	2	2.2	2.4	7.2	6	6.3
Debt to Equity ⓘ	0.4	1	0.8	0.9	0.9	1	1.1	0.7	0.5	0.4	-
Working Cap Days ⓘ	155	190	228	234	292	258	276	252	258	237	105
Cash Conv. Cycle ⓘ	107	120	130	125	158	148	171	149	147	149	61

Recent Performance Summary

Latest Financials

	Standalone	Consolidated
TTM EPS (₹)	1.8	1.6
TTM Sales (₹ Cr.)	383	383
BVPS (₹) ⓘ	21.3	23.3
Reserves (₹ Cr.) ⓘ	155	183
P/BV ⓘ	3.11	2.83
PE ⓘ	37.85	42.09

From the Market
52 Week Low / High (₹)	12.36 / 110.42
All Time Low / High (₹)	0.08 / 110.42
Market Cap (₹ Cr.)	910
Equity (₹ Cr.)	137.8
Face Value (₹)	10
Industry PE ⓘ	56.6

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

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

Valuation of Apis India - Standalone Basis

YTD 1Y 3Y 5Y 10Y Max

Analyst's Notes

No data found!

Key Ratios

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Sales	153	163	196	225	210	273	295	332	316	350
Operating Expenses ⓘ +	136	146	176	206	199	258	277	310	283	317
Manufacturing Costs	3	4	12	18	18	17	16	15	17	18
Material Costs	118	112	125	121	107	166	188	227	188	219
Employee Cost	4	9	13	19	23	20	19	19	22	27
Other Costs ⓘ	10	21	26	48	51	55	53	48	56	53
Operating Profit ⓘ	18	17	20	18	11	15	19	22	33	34
Operating Profit Margin (%)	11.4%	10.2%	10.0%	8.2%	5.4%	5.6%	6.3%	6.7%	10.6%	9.7%
Other Income ⓘ +	0	1	1	0	1	1	1	2	3	4
Exceptional Items ⓘ	0	0	0	0	0	0	0	0	0	0
Interest ⓘ	2	1	2	3	5	6	7	8	6	5
Depreciation ⓘ	2	2	2	3	3	2	3	3	2	4
Profit Before Tax ⓘ	14	15	16	12	4	8	10	14	28	29
Tax ⓘ	1	4	5	3	2	3	3	6	6	8
Profit After Tax	13	10	11	9	2	5	6	8	22	21
PAT Margin (%)	8.3%	6.3%	5.8%	4.1%	1.1%	2.0%	2.2%	2.4%	7.1%	6.0%
Adjusted EPS (₹)	0.9	0.7	0.8	0.7	0.2	0.4	0.5	0.6	1.6	1.5
Dividend Payout Ratio (%)	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Balance Sheet

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Equity and Liabilities
Shareholders Fund +	46	56	65	74	76	81	92	100	122	144
Share Capital ⓘ	9	9	6	6	6	6	6	6	6	6
Reserves ⓘ	37	47	59	69	71	76	87	95	117	138
Debt +	15	58	55	66	65	80	99	72	57	61
Long Term Debt	1	1	2	3	3	10	9	7	7	4
Short Term Debt	14	57	52	63	62	70	91	65	49	56
Minority Interest	0	0	0	0	0	0	0	0	0	0
Trade Payables	9	23	30	36	39	40	42	45	37	33
Others Liabilities ⓘ	2	3	2	4	13	26	18	20	22	20
Total Liabilities ⓘ	72	141	151	180	193	226	251	237	238	257
Fixed Assets
Net Fixed Assets ⓘ +	9	9	14	14	14	12	12	12	13	15
Gross Block	14	16	23	25	27	27	30	33	34	40
Accumulated Depreciation	5	7	9	11	13	15	18	21	21	25
CWIP ⓘ	4	4	1	2	3	1	0	0	0	0
Investments ⓘ	0	8	0	0	0	0	0	0	0	10
Inventories	14	54	61	78	92	107	110	95	92	79
Trade Receivables	27	46	37	47	46	59	85	78	85	115
Cash Equivalents	8	2	9	1	2	1	2	1	1	0
Others Assets ⓘ	11	18	28	37	37	46	40	50	47	38
Total Assets ⓘ	72	141	151	180	193	226	251	237	238	257

Cash Flow

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Cash Flow From Operating Activity ⓘ +	16	13	12	5	16	-4	11	19	-3	6
PBT ⓘ	14	15	16	12	4	8	10	14	28	29
Adjustment ⓘ	5	8	9	8	8	7	9	10	7	7
Changes in Working Capital ⓘ	-3	-10	-13	-13	6	-17	-5	1	-33	-21
Tax Paid ⓘ	-0	-0	-0	-3	-1	-3	-3	-6	-5	-9
Cash Flow From Investing Activity ⓘ +	-4	-6	-8	-7	-10	2	-3	-11	8	0
Capex	-3	-4	-8	-6	-2	-1	-3	-1	-3	-3
Net Investments	0	0	-0	0	0	0	-0	0	0	-10
Others ⓘ	-2	-2	0	-1	-7	3	-0	-9	12	13
Cash Flow From Financing Activity ⓘ +	-5	-13	-1	-7	-5	2	-6	-10	-6	-6
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	0	0	0	0	0	7	2	-2	1	-3
Interest Paid ⓘ	-2	-1	-2	-3	-5	-6	-7	-7	-6	-5
Dividend Paid ⓘ	0	0	-0	-0	-0	0	0	0	0	0
Others ⓘ	-3	-12	1	-3	-0	0	-0	-0	-1	2
Net Cash Flow ⓘ	7	-6	4	-8	1	-1	1	-1	-1	-0

Finance Ratio

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Ratios
ROE (%)	35.29	21.69	19.31	13.35	3.1	6.79	7.34	8.29	20.02	15.81
ROCE (%)	22.36	17.68	15.8	12.25	6.38	9.22	9.58	11.52	19.03	17.25
Asset Turnover Ratio	1.86	1.53	1.34	1.36	1.13	1.3	1.24	1.36	1.33	1.42
PAT to CFO Conversion(x)	1.23	1.3	1.09	0.56	8	-0.8	1.83	2.38	-0.14	0.29
Working Capital Days
Receivable Days	81	81	77	69	81	70	89	90	94	104
Inventory Days	53	77	108	113	147	133	134	113	108	89
Payable Days	26	53	77	99	128	87	79	70	80	59

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Apis India Ltd FAQs

The current trading price of Apis India on 17-Apr-2026 16:59 is ₹66.05.

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 16-Apr-2026 the market cap of Apis India stood at ₹909.9 Cr

The latest P/E ratio of Apis India as of 16-Apr-2026 is 37.85.

The latest P/B ratio of Apis India as of 16-Apr-2026 is 3.11.

The 52-week high of Apis India is ₹110.4 and the 52-week low is ₹12.36.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Apis India is ₹383 ( 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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● Conflict-Free ● SEBI Registered ● 15Y+ Track Record

Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
Logo:
Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
Brand Logo:
SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
Address:	B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045
Compliance officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com Telephone: +919860359463 Address: Same as IA
Grievance Officer Details:	Name: Mukta Vaze Email: mukta.vaze@moneyworks4me.com Telephone: +91 98609 19463 Address: Same as IA
Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com Telephone: +91 91758 99463 Address: Same as IA
Standard Warning:	Investment in securities market are subject to market risks. Read all the related documents carefully before investing.
Disclaimer:	Registration granted by SEBI, enlistment with exchange and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.

Apis India Ltd (506166) Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating

Apis India Share Price