WEBSITE BSE:506166 NSE: APIS Inc. Year: 1983 Industry: Agriculture
Last updated: 11:27
Apis India Limited has been a significant player in the honey market since its inception in 1924. The company has grown robustly to become a leader in the organized honey trade in India. With a third-generation legacy of entrepreneurs, Apis India has extensive hands-on knowledge of the trade. The company’s state-of-the-art manufacturing facilities in Rorkee are spread over 7 acres, with a capacity to process over 100 tonnes of honey per day. Apis India’s product range has expanded beyond honey to include tea, cookies, pickles, jam...Read More
Apis India Limited has been a significant player in the honey market since its inception in 1924. The company has grown robustly to become a leader in the organized honey trade in India. With a third-generation legacy of entrepreneurs, Apis India has extensive hands-on knowledge of the trade. The company’s state-of-the-art manufacturing facilities in Rorkee are spread over 7 acres, with a capacity to process over 100 tonnes of honey per day. Apis India’s product range has expanded beyond honey to include tea, cookies, pickles, jam, dates, and preserves, catering to the changing purchase dynamics and growing need for quality branded packaged products. ...Read Less
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Market Cap ₹1037 Cr.
Stock P/E 49.3
P/B 3.3
Current Price ₹75.3
Book Value ₹ 22.9
Face Value 10
52W High ₹110.4
Dividend Yield 0%
52W Low ₹ 11.2
Price goes above X
Price falls below X
PE goes above X
PE falls below X
₹ | |
| #(Fig in Cr.) | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 79 | 79 | 79 | 79 | 87 | 80 | 93 | 90 | 87 | 96 |
| Other Income | 0 | 1 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 0 |
| Total Income | 79 | 80 | 79 | 79 | 87 | 81 | 93 | 91 | 88 | 97 |
| Total Expenditure | 71 | 72 | 66 | 73 | 80 | 72 | 84 | 79 | 80 | 85 |
| Operating Profit | 8 | 8 | 13 | 6 | 7 | 9 | 9 | 12 | 8 | 11 |
| Interest | 2 | 1 | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 1 |
| Depreciation | 0 | 1 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | 6 | 6 | 12 | 4 | 6 | 7 | 7 | 9 | 6 | 9 |
| Provision for Tax | 2 | 2 | 0 | 2 | 2 | 2 | 2 | 2 | 2 | 2 |
| Profit After Tax | 4 | 4 | 12 | 2 | 4 | 5 | 5 | 7 | 4 | 7 |
| Adjustments | 5 | 1 | 4 | 1 | 1 | 1 | 0 | 1 | -1 | -0 |
| Profit After Adjustments | 9 | 5 | 16 | 3 | 5 | 7 | 5 | 8 | 3 | 7 |
| Adjusted Earnings Per Share | 0.6 | 0.4 | 1.1 | 0.2 | 0.4 | 0.5 | 0.4 | 0.6 | 0.2 | 0.5 |
| #(Fig in Cr.) | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 196 | 225 | 210 | 273 | 295 | 332 | 316 | 350 | 366 |
| Other Income | 1 | 0 | 1 | 1 | 1 | 1 | 2 | 4 | 3 |
| Total Income | 197 | 225 | 211 | 274 | 296 | 333 | 318 | 354 | 369 |
| Total Expenditure | 176 | 206 | 199 | 258 | 277 | 310 | 283 | 317 | 328 |
| Operating Profit | 21 | 19 | 12 | 16 | 19 | 23 | 36 | 38 | 40 |
| Interest | 2 | 3 | 5 | 5 | 7 | 8 | 6 | 5 | 4 |
| Depreciation | 2 | 3 | 3 | 2 | 3 | 3 | 2 | 4 | 4 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | 16 | 12 | 4 | 8 | 9 | 13 | 27 | 29 | 31 |
| Provision for Tax | 5 | 3 | 2 | 3 | 4 | 6 | 6 | 8 | 8 |
| Profit After Tax | 11 | 9 | 2 | 5 | 6 | 7 | 22 | 21 | 23 |
| Adjustments | 1 | 1 | 1 | 1 | 2 | 11 | 11 | 4 | 0 |
| Profit After Adjustments | 12 | 11 | 3 | 6 | 8 | 18 | 33 | 25 | 23 |
| Adjusted Earnings Per Share | 0.9 | 0.8 | 0.2 | 0.5 | 0.6 | 1.3 | 2.4 | 1.8 | 1.7 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | 11% | 6% | 11% | 0% |
| Operating Profit CAGR | 6% | 26% | 26% | 0% |
| PAT CAGR | -5% | 52% | 60% | 0% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | -72% | 43% | 33% | NA% |
| ROE Average | 13% | 12% | 10% | 10% |
| ROCE Average | 15% | 14% | 12% | 12% |
| #(Fig in Cr.) | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|
| Shareholder's Funds | 65 | 76 | 79 | 85 | 97 | 116 | 148 | 173 |
| Minority's Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Borrowings | 2 | 3 | 3 | 10 | 9 | 7 | 7 | 4 |
| Other Non-Current Liabilities | -2 | -2 | 2 | 2 | 1 | 3 | 1 | 3 |
| Total Current Liabilities | 86 | 105 | 112 | 133 | 149 | 128 | 107 | 106 |
| Total Liabilities | 151 | 181 | 196 | 230 | 256 | 253 | 264 | 287 |
| Fixed Assets | 14 | 14 | 14 | 12 | 12 | 12 | 13 | 15 |
| Other Non-Current Assets | 4 | 10 | 22 | 22 | 26 | 43 | 44 | 44 |
| Total Current Assets | 133 | 157 | 160 | 197 | 218 | 197 | 207 | 228 |
| Total Assets | 151 | 181 | 196 | 230 | 256 | 253 | 264 | 287 |
| #(Fig in Cr.) | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|
| Opening Cash & Cash Equivalents | 5 | 9 | 1 | 2 | 1 | 2 | 1 | 1 |
| Cash Flow from Operating Activities | 12 | 5 | 16 | -5 | 12 | 18 | -3 | 6 |
| Cash Flow from Investing Activities | -8 | -7 | -9 | 2 | -4 | -9 | 8 | 0 |
| Cash Flow from Financing Activities | -1 | -7 | -5 | 2 | -6 | -10 | -6 | -6 |
| Net Cash Inflow / Outflow | 4 | -8 | 1 | -1 | 2 | -1 | -1 | -0 |
| Closing Cash & Cash Equivalent | 9 | 1 | 2 | 1 | 2 | 1 | 1 | 0 |
| # | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|
| Earnings Per Share (Rs) | 0.85 | 0.76 | 0.22 | 0.46 | 0.58 | 1.33 | 2.36 | 1.84 |
| CEPS(Rs) | 0.98 | 0.88 | 0.39 | 0.53 | 0.62 | 0.73 | 1.74 | 1.81 |
| DPS(Rs) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Book NAV/Share(Rs) | 4.75 | 5.51 | 5.74 | 6.16 | 7.07 | 8.39 | 10.73 | 12.57 |
| Core EBITDA Margin(%) | 10.01 | 8.18 | 5.42 | 5.58 | 6.3 | 6.7 | 10.56 | 9.62 |
| EBIT Margin(%) | 9.45 | 7.07 | 4.27 | 4.9 | 5.57 | 6.18 | 10.5 | 9.59 |
| Pre Tax Margin(%) | 8.4 | 5.56 | 1.96 | 2.91 | 3.1 | 3.92 | 8.6 | 8.16 |
| PAT Margin (%) | 5.8 | 4.13 | 1.12 | 1.81 | 1.91 | 2.22 | 6.84 | 6 |
| Cash Profit Margin (%) | 6.89 | 5.37 | 2.53 | 2.68 | 2.88 | 3.04 | 7.59 | 7.13 |
| ROA(%) | 7.49 | 5.57 | 1.24 | 2.32 | 2.31 | 2.89 | 8.38 | 7.64 |
| ROE(%) | 17.32 | 13.12 | 3.03 | 6.04 | 6.17 | 6.91 | 16.43 | 13.1 |
| ROCE(%) | 15.4 | 12.14 | 6.29 | 8.6 | 8.98 | 10.57 | 16.74 | 15.12 |
| Receivable days | 69.83 | 68.63 | 80.85 | 69.94 | 88.98 | 89.94 | 94.32 | 104.02 |
| Inventory Days | 114.19 | 112.66 | 146.88 | 132.65 | 134.21 | 112.58 | 107.61 | 88.65 |
| Payable days | 86.3 | 98.86 | 128.03 | 86.64 | 78.7 | 69.95 | 80.54 | 58.98 |
| PER(x) | 0 | 0 | 0 | 0 | 0 | 1.94 | 3.21 | 0 |
| Price/Book(x) | 0 | 0 | 0 | 0 | 0 | 0.31 | 0.71 | 0 |
| Dividend Yield(%) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EV/Net Sales(x) | 0.26 | 0.31 | 0.33 | 0.32 | 0.35 | 0.33 | 0.52 | 0.2 |
| EV/Core EBITDA(x) | 2.48 | 3.78 | 5.75 | 5.52 | 5.42 | 4.64 | 4.6 | 1.84 |
| Net Sales Growth(%) | 0 | 14.87 | -6.54 | 30.17 | 8.01 | 12.44 | -4.78 | 10.83 |
| EBIT Growth(%) | 0 | -14.12 | -43.49 | 49.11 | 22.94 | 24.74 | 61.76 | 1.2 |
| PAT Growth(%) | 0 | -18.21 | -74.72 | 111.08 | 13.66 | 30.84 | 193.9 | -2.78 |
| EPS Growth(%) | 0 | -11.42 | -70.56 | 107.31 | 25.59 | 128.69 | 78.41 | -22.2 |
| Debt/Equity(x) | 0.83 | 0.87 | 0.82 | 0.97 | 1.04 | 0.64 | 0.4 | 0.37 |
| Current Ratio(x) | 1.55 | 1.49 | 1.43 | 1.48 | 1.47 | 1.54 | 1.93 | 2.14 |
| Quick Ratio(x) | 0.84 | 0.76 | 0.61 | 0.67 | 0.73 | 0.8 | 1.07 | 1.4 |
| Interest Cover(x) | 8.97 | 4.68 | 1.85 | 2.46 | 2.25 | 2.73 | 5.51 | 6.7 |
| Total Debt/Mcap(x) | 0 | 0 | 0 | 0 | 0 | 2.08 | 0.57 | 0 |
| # | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 74.72 | 74.72 | 74.72 | 74.72 | 74.72 | 74.72 | 74.72 | 74.72 | 74.72 | 74.72 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 25.28 | 25.28 | 25.28 | 25.28 | 25.28 | 25.28 | 25.28 | 25.28 | 25.28 | 25.28 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 0.41 | 0.41 | 0.41 | 0.41 | 0.41 | 0.41 | 0.41 | 0.41 | 0.41 | 10.29 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 0.14 | 0.14 | 0.14 | 0.14 | 0.14 | 0.14 | 0.14 | 0.14 | 0.14 | 3.48 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 0.55 | 0.55 | 0.55 | 0.55 | 0.55 | 0.55 | 0.55 | 0.55 | 0.55 | 13.78 |
* The pros and cons are machine generated.
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