Apis India Ltd

Apis India Ltd

₹ 220 4.99%
16 May - close price
About

Incorporated in 1983, APIS India Ltd is in the honey processing business and manufacturing of other edible products[1]

Key Points

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

  • Market Cap 121 Cr.
  • Current Price 220
  • High / Low 220 / 71.0
  • Stock P/E 3.43
  • Book Value 233
  • Dividend Yield 0.00 %
  • ROCE 10.5 %
  • ROE 17.1 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Stock is trading at 0.94 times its book value

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has a low return on equity of 11.6% over last 3 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.

Peer comparison

Sector: FMCG Industry: Food - Processing - Indian

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
75 63 77 57 66 95 68 99 88 77 79 79 79
72 61 73 54 60 89 67 90 82 71 71 72 66
Operating Profit 3 2 4 3 6 5 1 9 6 6 8 7 13
OPM % 4% 3% 5% 5% 9% 6% 2% 9% 7% 8% 11% 9% 16%
0 0 0 0 0 1 0 -0 0 1 0 1 0
Interest 1 2 1 1 2 3 1 2 2 2 2 1 1
Depreciation 1 0 1 1 0 1 1 1 1 1 0 1 0
Profit before tax 1 -0 2 1 4 2 -1 6 4 4 6 6 12
Tax % 29% -967% 28% 50% 28% 76% 0% 26% 29% 78% 29% 30% 0%
1 0 1 1 4 1 2 7 3 6 9 5 16
EPS in Rs 1.20 0.45 2.25 2.36 6.64 2.69 3.21 13.43 6.10 10.40 16.19 9.16 28.35
Raw PDF
Upcoming result date: 30 May 2024

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
182 224 209 272 295 332 314
163 206 198 257 276 310 280
Operating Profit 20 18 11 15 19 22 35
OPM % 11% 8% 5% 6% 6% 7% 11%
1 0 1 1 1 1 1
Interest 2 3 5 5 7 8 6
Depreciation 2 3 3 2 3 3 2
Profit before tax 16 12 4 8 9 13 27
Tax % 31% 26% 43% 38% 38% 44%
12 11 3 6 8 18 35
EPS in Rs 21.63 19.15 5.92 11.54 14.48 33.12 64.10
Dividend Payout % 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 13%
3 Years: 17%
TTM: -10%
Compounded Profit Growth
10 Years: %
5 Years: 9%
3 Years: 78%
TTM: 152%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: 225%
Return on Equity
10 Years: %
5 Years: 11%
3 Years: 12%
Last Year: 17%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 6 6 6 6 6 6 6
Reserves 60 70 74 79 92 110 123
Preference Capital 2 3 3 3 0 0
52 63 62 82 104 75 62
36 45 56 64 56 62 67
Total Liabilities 154 184 198 231 257 253 258
14 14 14 14 14 12 12
CWIP 1 2 3 1 0 0 0
Investments 1 2 10 12 14 25 29
138 165 171 203 229 215 217
Total Assets 154 184 198 231 257 253 258

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
12 5 16 -5 12 18
-8 -7 -9 2 -4 -9
-1 -7 -5 2 -6 -10
Net Cash Flow 4 -8 1 -1 2 -1

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 75 77 80 79 105 86
Inventory Days 178 232 312 236 213 153
Days Payable 86 107 133 87 81 73
Cash Conversion Cycle 167 201 259 227 238 166
Working Capital Days 181 186 189 177 195 146
ROCE % 12% 6% 8% 9% 11%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
74.72% 74.72% 74.72% 74.72% 74.72% 74.72% 74.72% 74.72% 74.72% 74.72% 74.72% 74.72%
25.28% 25.28% 25.28% 25.28% 25.28% 25.28% 25.29% 25.28% 25.28% 25.28% 25.28% 25.28%
No. of Shareholders 191919181716202020181921

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