Apis India Ltd
Incorporated in 1983, APIS India Ltd is in the honey processing business and manufacturing of other edible products[1]
- Market Cap ₹ 771 Cr.
- Current Price ₹ 56.0
- High / Low ₹ 110 / 13.6
- Stock P/E 31.8
- Book Value ₹ 12.2
- Dividend Yield 0.00 %
- ROCE 16.6 %
- ROE 15.6 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 35.7% CAGR over last 5 years
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- The company has delivered a poor sales growth of 7.47% over past five years.
- Company might be capitalizing the interest cost
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 118 | 152 | 161 | 193 | 224 | 209 | 272 | 295 | 332 | 316 | 350 | 391 | |
| 101 | 134 | 144 | 174 | 206 | 198 | 257 | 276 | 310 | 282 | 315 | 355 | |
| Operating Profit | 17 | 18 | 17 | 20 | 18 | 11 | 15 | 19 | 22 | 34 | 36 | 36 |
| OPM % | 14% | 12% | 11% | 10% | 8% | 5% | 6% | 6% | 7% | 11% | 10% | 9% |
| -0 | 0 | 1 | 1 | 0 | 1 | 1 | 1 | 2 | 2 | 2 | 6 | |
| Interest | 5 | 2 | 1 | 2 | 3 | 5 | 6 | 7 | 8 | 6 | 5 | 4 |
| Depreciation | 2 | 2 | 2 | 2 | 3 | 3 | 2 | 3 | 3 | 2 | 4 | 5 |
| Profit before tax | 10 | 14 | 15 | 16 | 12 | 4 | 8 | 10 | 14 | 28 | 29 | 32 |
| Tax % | 13% | 10% | 31% | 31% | 26% | 43% | 36% | 35% | 41% | 20% | 26% | 25% |
| 9 | 13 | 10 | 11 | 9 | 2 | 5 | 6 | 8 | 22 | 21 | 24 | |
| EPS in Rs | 0.62 | 0.93 | 0.74 | 0.82 | 0.67 | 0.17 | 0.39 | 0.46 | 0.58 | 1.62 | 1.53 | 1.76 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 10% |
| 5 Years: | 7% |
| 3 Years: | 6% |
| TTM: | 11% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 7% |
| 5 Years: | 36% |
| 3 Years: | 45% |
| TTM: | 15% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 175% |
| 1 Year: | 331% |
| Return on Equity | |
|---|---|
| 10 Years: | 13% |
| 5 Years: | 14% |
| 3 Years: | 17% |
| Last Year: | 16% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 138 |
| Reserves | 24 | 37 | 48 | 59 | 69 | 71 | 76 | 87 | 95 | 117 | 138 | 30 |
| 49 | 20 | 61 | 55 | 66 | 65 | 85 | 104 | 75 | 60 | 66 | 67 | |
| 14 | 10 | 26 | 34 | 42 | 54 | 61 | 56 | 62 | 56 | 48 | 43 | |
| Total Liabilities | 92 | 72 | 141 | 153 | 182 | 195 | 227 | 251 | 237 | 239 | 258 | 277 |
| 9 | 9 | 9 | 14 | 14 | 14 | 14 | 14 | 12 | 13 | 15 | 21 | |
| CWIP | 3 | 4 | 4 | 1 | 2 | 3 | 1 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 8 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 10 | 10 |
| 80 | 59 | 120 | 138 | 165 | 178 | 211 | 237 | 224 | 225 | 233 | 247 | |
| Total Assets | 92 | 72 | 141 | 153 | 182 | 195 | 227 | 251 | 237 | 239 | 258 | 277 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 13 | 16 | 15 | 12 | 5 | 16 | -4 | 11 | 19 | -3 | 6 | 14 | |
| -6 | -4 | -5 | -8 | -7 | -10 | 2 | -3 | -11 | 8 | 0 | -6 | |
| -8 | -5 | -13 | -1 | -7 | -5 | 2 | -6 | -10 | -6 | -6 | -8 | |
| Net Cash Flow | -0 | 7 | -3 | 4 | -8 | 1 | -1 | 1 | -1 | -1 | -0 | 0 |
| Free Cash Flow | 8 | 13 | 11 | 5 | 2 | 13 | -4 | 9 | 18 | -7 | 3 | 8 |
| CFO/OP | 77% | 90% | 87% | 61% | 44% | 151% | -11% | 75% | 112% | 5% | 41% | 68% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 128 | 64 | 103 | 71 | 77 | 80 | 79 | 105 | 86 | 98 | 120 | 122 |
| Inventory Days | 128 | 43 | 178 | 178 | 232 | 312 | 236 | 213 | 153 | 178 | 131 | 126 |
| Days Payable | 35 | 27 | 77 | 86 | 107 | 133 | 87 | 81 | 73 | 73 | 55 | 41 |
| Cash Conversion Cycle | 221 | 80 | 204 | 163 | 201 | 259 | 227 | 238 | 166 | 203 | 196 | 207 |
| Working Capital Days | 50 | 46 | 57 | 72 | 83 | 81 | 83 | 83 | 74 | 114 | 127 | 131 |
| ROCE % | 20% | 23% | 18% | 15% | 12% | 6% | 9% | 9% | 11% | 19% | 17% | 17% |
Insights
In beta| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Export revenue share of total revenue % |
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| Honey processing capacity tonnes per day |
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| Number of permanent employees employees |
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| Honey share of total revenue % |
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| Advertisement and publicity spend (B2C marketing) INR Lakhs |
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| Share of Indian honey exports % |
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Extracted by Screener AI
Documents
Announcements
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
6 Jul - Filed Regulation 74(5) certificate for quarter ended 30 June 2026.
- Disclosures under Reg. 10(7) of SEBI (SAST) Regulations, 2011 29 Jun
-
Disclosure Under Regulation-10(7) Of SEBI (SAST), Regulations, 2011
27 Jun - June 27, 2026: Apis India reported SEBI SAST filing for 1.07 crore promoter shares gifted from Sakshi to Amit Anand.
-
Closure of Trading Window
25 Jun - Trading window closed from 1 July 2026 till 48 hours after Q1 FY27 results.
-
Announcement under Regulation 30 (LODR)-Press Release / Media Release
24 Jun - Apis India appoints Ankit Nagar CFO, Arun Mishra Sales Head, and Pankaj Tripathi GM-HR on June 24, 2026.
Annual reports
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Financial Year 2025
from bse
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Financial Year 2024
from bse
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Financial Year 2023
from bse
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
from bse
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Financial Year 2017
from bse
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Financial Year 2016
from bse
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Financial Year 2015
from bse
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Financial Year 2014
from bse
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Financial Year 2013
from bse
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Financial Year 2011
from bse
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Financial Year 2010
from bse
Business Overview:[1]
Company provides specialized honey, which comprises ginger, lemon, tulsi, organic, honey with nuts, and honey with comb, etc. It has also forayed into Tea, Cookies and Preserves