Apis India Ltd
Incorporated in 1983, APIS India Ltd is in the honey processing business and manufacturing of other edible products[1]
- Market Cap ₹ 853 Cr.
- Current Price ₹ 62.0
- High / Low ₹ 110 / 12.4
- Stock P/E 33.7
- Book Value ₹ 14.4
- Dividend Yield 0.00 %
- ROCE 14.6 %
- ROE 13.6 %
- Face Value ₹ 10.0
Pros
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.
* 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| 182 | 224 | 209 | 272 | 295 | 332 | 316 | 350 | 391 | |
| 163 | 206 | 198 | 257 | 276 | 310 | 282 | 315 | 355 | |
| Operating Profit | 20 | 18 | 11 | 15 | 19 | 22 | 34 | 36 | 36 |
| OPM % | 11% | 8% | 5% | 6% | 6% | 7% | 11% | 10% | 9% |
| 1 | 0 | 1 | 1 | 1 | 1 | 1 | 2 | 6 | |
| Interest | 2 | 3 | 5 | 5 | 7 | 8 | 6 | 5 | 4 |
| Depreciation | 2 | 3 | 3 | 2 | 3 | 3 | 2 | 4 | 5 |
| Profit before tax | 16 | 12 | 4 | 8 | 9 | 13 | 27 | 29 | 32 |
| Tax % | 31% | 26% | 43% | 38% | 38% | 43% | 20% | 26% | 25% |
| 12 | 11 | 3 | 6 | 8 | 18 | 33 | 25 | 25 | |
| EPS in Rs | 0.87 | 0.77 | 0.24 | 0.46 | 0.58 | 1.32 | 2.36 | 1.84 | 1.84 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 7% |
| 3 Years: | 6% |
| TTM: | 11% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 32% |
| 3 Years: | 12% |
| TTM: | 4% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 184% |
| 1 Year: | 426% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 16% |
| 3 Years: | 17% |
| Last Year: | 14% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| 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 | 138 |
| Reserves | 60 | 70 | 74 | 79 | 92 | 110 | 142 | 168 | 61 |
| 55 | 66 | 65 | 85 | 104 | 75 | 60 | 66 | 67 | |
| 34 | 42 | 54 | 61 | 56 | 62 | 56 | 48 | 43 | |
| Total Liabilities | 154 | 184 | 198 | 231 | 257 | 253 | 265 | 288 | 308 |
| 14 | 14 | 14 | 14 | 14 | 12 | 13 | 15 | 21 | |
| CWIP | 1 | 2 | 3 | 1 | 0 | 0 | 0 | 0 | 0 |
| Investments | 1 | 2 | 10 | 12 | 14 | 25 | 36 | 40 | 41 |
| 138 | 165 | 171 | 203 | 229 | 215 | 215 | 233 | 246 | |
| Total Assets | 154 | 184 | 198 | 231 | 257 | 253 | 265 | 288 | 308 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| 12 | 5 | 16 | -5 | 12 | 18 | -3 | 6 | ||
| -8 | -7 | -9 | 2 | -4 | -9 | 8 | 0 | ||
| -1 | -7 | -5 | 2 | -6 | -10 | -6 | -6 | ||
| Net Cash Flow | 4 | -8 | 1 | -1 | 2 | -1 | -1 | -0 | |
| Free Cash Flow | 5 | 3 | 13 | -4 | 10 | 16 | -7 | 3 | |
| CFO/OP | 61% | 44% | 149% | -13% | 80% | 104% | 5% | 42% |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 75 | 77 | 80 | 79 | 105 | 86 | 98 | 120 | 122 |
| Inventory Days | 178 | 232 | 312 | 236 | 213 | 153 | 178 | 131 | 126 |
| Days Payable | 86 | 107 | 133 | 87 | 81 | 73 | 73 | 55 | 41 |
| Cash Conversion Cycle | 167 | 201 | 259 | 227 | 238 | 166 | 203 | 196 | 207 |
| Working Capital Days | 77 | 83 | 81 | 84 | 83 | 74 | 114 | 126 | 130 |
| ROCE % | 12% | 6% | 8% | 9% | 10% | 16% | 14% | 15% |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Turnover Ratio Times ・Standalone data |
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| Employee Strength Numbers ・Standalone data |
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| Honey Processing Capacity Tonnes per day ・Standalone data |
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| Honey Sales Volume - Total Metric Tonnes ・Standalone data |
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| Honey Sales Volume - Domestic Metric Tonnes ・Standalone data |
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| Honey Sales Volume - Export Metric Tonnes ・Standalone data |
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| Wetzel's Pretzels Store Count Numbers ・Standalone data |
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Extracted by Screener AI
Documents
Announcements
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Appointment Of SMP
7h - Apis India approved FY26 audited results, appointed new statutory auditor, and named National Sales Head.
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Reappointment Of Internal Auditor Of The Company
7h - Board approved FY26 audited results, appointed new statutory auditor, named National Sales Head, and reappointed internal auditor.
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Announcement under Regulation 30 (LODR)-Appointment of Statutory Auditor/s
7h - Board approved audited FY26 results on May 30, 2026, plus auditor, sales head, and internal auditor appointments.
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Audited Financial Results For Financial Year Ended 31/03/2026
7h - May 30, 2026 board approved FY26 audited results; appointed S S Kothari Mehta & Co. LLP.
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Board Meeting Outcome for Board Meeting Outcome For Audited Financial Results
8h - Board approved FY26 audited results, appointed statutory auditor, named sales head, and reappointed internal auditor.
Annual reports
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Financial Year 2025
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Financial Year 2024
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Financial Year 2023
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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
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2011
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Financial Year 2010
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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