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Apis India Ltd (506166)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 506166 NSE: Consumer Food | Small Cap | Apis India Share Price

₹61.34 0.94 (1.56%)

As on 24-Jun'26 16:59

Apis India Ltd (506166)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 506166 NSE: Consumer Food | Small Cap | Apis India Share Price

₹61.34 0.94 (1.56%)

As on 24-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹845 Cr.
Current Price
₹61.3
52-Week Low / High
₹12 / 110
TTM EPS
₹1.8
TTM Sales
₹391 Cr.
Book Value per Share
₹12.2
P/E Ratio
34.83
Higher than its 5-year historical median
Industry PE
55.6
Price to Book (P/B)
5.03
Higher than its 5-year historical median
Price to Sales (P/S)
2.16
Higher than its 5-year historical median
EV/EBITDA
21.80
Higher than its 5-year historical median
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
15.81%
Outperforms industry median
Return on Capital Employed (ROCE)
17.25%
Outperforms industry median
Return on Assets (ROA)
8.49%
Operating Profit Margin
9.7%
Net Profit Margin
6%
Gross Profit Margin
9.3%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
10.84%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
1.29%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
-5.82%
Asset Quality
Promoter Holding
74.72%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹30 Cr.
Equity
₹137.8 Cr.
Face Value
₹10
All Time Low / High
₹0.08 / 110.42

Apis India stock performance

Key Ratios
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Quality

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Valuation

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Price Trend

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Q.1 Is Apis India Ltd a good quality company?
Apis India Ltd is a average quality company, based on a somewhat consistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Apis India Ltd performance compare with that of its Peers?
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 7.03%, indicating faster growth and gaining its market share.
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 Stock return of Apis India Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 17.9% based on the current price.

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)

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

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 22.4%17.7%15.8%12.3%6.4%9.2%9.6%11.5%19%17.3%-
Value Creation
Index
0.60.30.1-0.1-0.5-0.3-0.3-0.20.40.2-

Growth Parameters

Sales 153163196225210273295332316350391
Sales YoY Gr.-6.1%20.2%14.9%-6.6%30.2%8%12.5%-4.8%10.8%-
Adj EPS 0.90.80.80.80.20.40.50.61.71.51.8
YoY Gr.--18.3%7.9%-8.5%-74.7%105.3%18%26.1%184.5%-7.9%-
BVPS (₹) 3.13.84.75.45.55.96.77.38.910.412.2
Adj Net
Profit
12.810.411.310.32.65.46.4822.72124
Cash Flow from Ops. 15.913.212515.7-4.410.719.3-3.35.7-
Debt/CF from Ops. 14.54.613.14.1-18.89.53.8-17.911.3-

CAGR

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%
BVPS14.5%13.5%15.9%17.2%
Share Price 17.9% 141.9% 183.2% 420.7%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
32.220.518.814.83.56.87.38.320.315.815.6
Op. Profit
Mgn %
11.410.3108.85.65.76.36.710.79.79.2
Net Profit
Mgn %
8.36.45.84.61.222.22.47.266.2
Debt to
Equity
0.410.80.90.911.10.70.50.40
Working Cap
Days
155190228234292258276252258237103
Cash Conv.
Cycle
10712013012515814817114914714963

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales153163196225210273295332316350
Operating Expenses + 136146176206199258277310283317
Manufacturing Costs341218181716151718
Material Costs118112125121107166188227188219
Employee Cost 491319232019192227
Other Costs 10212648515553485653
Operating Profit 18172018111519223334
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 + 0110111234
Exceptional Items 0000000000
Interest 2123567865
Depreciation 2223323324
Profit Before Tax 141516124810142829
Tax 1453233668
Profit After Tax 131011925682221
PAT Margin (%) 8.3%6.3%5.8%4.1%1.1%2.0%2.2%2.4%7.1%6.0%
Adjusted EPS (₹)0.90.70.80.70.20.40.50.61.61.5
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Valuation of Apis India - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 46566574768192100122144
Share Capital 9966666666
Reserves 3747596971768795117138
Debt +15585566658099725761
Long Term Debt11233109774
Short Term Debt14575263627091654956
Minority Interest0000000000
Trade Payables9233036394042453733
Others Liabilities 2324132618202220
Total Liabilities 72141151180193226251237238257

Fixed Assets

Net Fixed Assets +991414141212121315
Gross Block14162325272730333440
Accumulated Depreciation57911131518212125
CWIP 4412310000
Investments 08000000010
Inventories1454617892107110959279
Trade Receivables274637474659857885115
Cash Equivalents 8291212110
Others Assets 11182837374640504738
Total Assets 72141151180193226251237238257

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 161312516-41119-36
PBT 141516124810142829
Adjustment 58988791077
Changes in Working Capital -3-10-13-136-17-51-33-21
Tax Paid -0-0-0-3-1-3-3-6-5-9
Cash Flow From Investing Activity + -4-6-8-7-102-3-1180
Capex -3-4-8-6-2-1-3-1-3-3
Net Investments 00-0000-000-10
Others -2-20-1-73-0-91213
Cash Flow From Financing Activity + -5-13-1-7-52-6-10-6-6
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000072-21-3
Interest Paid -2-1-2-3-5-6-7-7-6-5
Dividend Paid 00-0-0-000000
Others -3-121-3-00-0-0-12
Net Cash Flow 7-64-81-11-1-1-0

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)35.2921.6919.3113.353.16.797.348.2920.0215.81
ROCE (%)22.3617.6815.812.256.389.229.5811.5219.0317.25
Asset Turnover Ratio1.861.531.341.361.131.31.241.361.331.42
PAT to CFO Conversion(x)1.231.31.090.568-0.81.832.38-0.140.29
Working Capital Days
Receivable Days81.108177.4068.6080.8069.808989.9094.30104
Inventory Days52.7076.60107.90112.70147132.70134.20112.60107.6088.70
Payable Days26.1052.6077.4098.9012886.5078.7069.9080.4058.90

Management X-Ray

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 (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Apis India Ltd FAQs

The current trading price of Apis India on 24-Jun-2026 16:59 is ₹61.34.

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 23-Jun-2026 the market cap of Apis India stood at ₹845.0 Cr

The latest P/E ratio of Apis India as of 23-Jun-2026 is 34.83.

The latest P/B ratio of Apis India as of 23-Jun-2026 is 5.03.

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 ₹391 ( Cr.) .

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

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

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.

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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