Apis
APISINDIALTD NSE
Apis
Food ProductsNSE: APISINDIALTD BSE: 506166
Key Fundamentals
MicrocapFood ProductsMarket Cap
₹726 Cr
Volatility
Moderate
P/E Ratio
27.9
EBITDA
₹35.79 Cr
Return on Equity
12.15%
Debt to Equity
0.34
Book Value
₹14.43
EPS
₹59.1
52W High
₹110.42
52W Low
₹21.13
Tapetide Score
Data-driven rating, 0–100. How it works →
Key Insights
Weaknesses
2- 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.
Growth Rate
Revenue Growth
10.88% higher than
3Y
Net Income Growth
6.86% lower than
3Y
Cash Flow Change
277% higher than
3Y
ROE
-16.95% lower than
3Y
ROCE
-12.31% lower than
3Y
EBITDA Margin (Avg.)
-15.13% higher than
3Y
Quarterly Results
| Particulars | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 77 | 79 | 79 | 79 | 79 | 87 | 80 | 93 | 90 | 87 | 96 | 110 | 98 |
| Expenses | 71 | 71 | 72 | 66 | 73 | 80 | 72 | 84 | 79 | 80 | 85 | 99 | 90 |
| Operating Profit | 6 | 8 | 7 | 13 | 6 | 7 | 9 | 9 | 11 | 7 | 11 | 10 | 8 |
| OPM % | 8% | 11% | 9% | 16% | 7% | 8% | 11% | 9% | 12% | 8% | 11% | 9% | 8% |
| Other Income | 1 | 0 | 1 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 0 | 0 | 4 |
| Interest | 2 | 2 | 1 | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Depreciation | 1 | 0 | 1 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| PBT | 4 | 6 | 6 | 12 | 4 | 6 | 7 | 7 | 9 | 6 | 9 | 8 | 9 |
| Tax % | 78% | 29% | 30% | 0% | 55% | 29% | 24% | 28% | 26% | 30% | 25% | 29% | 20% |
| Net Profit | 6 | 9 | 5 | 16 | 3 | 5 | 7 | 5 | 8 | 3 | 7 | 4 | 10 |
| EPS in Rs | 0.42 | 0.65 | 0.37 | 1.13 | 0.22 | 0.38 | 0.49 | 0.38 | 0.59 | 0.18 | 0.51 | 0.28 | 0.75 |
Profit & Loss
| Particulars | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|
| Sales | 182 | 224 | 209 | 272 | 295 | 332 | 316 | 350 | 391 |
| Expenses | 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% |
| Other Income | 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 |
| PBT | 16 | 12 | 4 | 8 | 9 | 13 | 27 | 29 | 32 |
| Tax % | 31% | 26% | 43% | 38% | 38% | 43% | 20% | 26% | 25% |
| Net Profit | 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 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Balance Sheet
| Particulars | 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 |
| Borrowings | 55 | 66 | 65 | 85 | 104 | 75 | 60 | 66 | 67 |
| Other Liabilities | 34 | 42 | 54 | 61 | 56 | 62 | 56 | 48 | 43 |
| Total Liabilities | 154 | 184 | 198 | 231 | 257 | 253 | 265 | 288 | 308 |
| Fixed Assets | 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 |
| Other Assets | 138 | 165 | 171 | 203 | 229 | 215 | 215 | 233 | 246 |
| Total Assets | 154 | 184 | 198 | 231 | 257 | 253 | 265 | 288 | 308 |
Cash Flow
| Particulars | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|
| Operating | 12 | 5 | 16 | -5 | 12 | 18 | -3 | 6 | 14 |
| Investing | -8 | -7 | -9 | 2 | -4 | -9 | 8 | 0 | -6 |
| Financing | -1 | -7 | -5 | 2 | -6 | -10 | -6 | -6 | -8 |
| Net Cash Flow | 4 | -8 | 1 | -1 | 2 | -1 | -1 | 0 | 0 |
| Free Cash Flow | 5 | 3 | 13 | -4 | 10 | 16 | -7 | 3 | 8 |
| CFO/OP | 61 | 44 | 149 | -13 | 80 | 104 | 5 | 42 | 68 |
Ratios
| Particulars | 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
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Apis insights
57 extracted metrics + investor summaries across FY08–FY26.
Documents
1
Clarification Regarding Delay In Submission Of Financial Results For The Quarter Ended June 30, 2026
11 Sep - Apis India explains June 30, 2026 financial results were delayed due to pending auditor review. 11 Sep - Apis India explains June 30, 2026 financial results were delayed due to pending auditor review.
2
Announcement under Regulation 30 (LODR)-Resignation of Chief Financial Officer (CFO)
6 May - Manisha Anand resigned as CFO and KMP, effective close of business May 5, 2026. 6 May - Manisha Anand resigned as CFO and KMP, effective close of business May 5, 2026.
3
Announcement Under Regulation 30 (LODR)-Change In Management
16 Apr - Mr. Sharad Vatss resigned as National Sales Head effective close of business on April 15, 2026. 16 Apr - Mr. Sharad Vatss resigned as National Sales Head effective close of business on April 15, 2026.
4
Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A
16 Apr - Apis India confirms it was not a Large Corporate as of March 31, 2026. 16 Apr - Apis India confirms it was not a Large Corporate as of March 31, 2026.
5
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
14 Apr - Filed Regulation 74(5) certificate for quarter ended 31 March 2026. 14 Apr - Filed Regulation 74(5) certificate for quarter ended 31 March 2026.
Frequently Asked Questions about Apis
What does Apis India Ltd do?
Incorporated in 1983, APIS India Ltd is in the honey processing business and manufacturing of other edible products[1]
Where is Apis India Ltd (506166) listed?
Apis India Ltd trades as APISINDIALTD on the NSE and under code 506166 on the BSE.
Which sector does Apis India Ltd belong to?
Apis India Ltd is classified under the Food Products sector.
What is the market capitalisation of Apis India Ltd?
Apis India Ltd has a market capitalisation of ₹726.32 Cr, which places it in the Small Cap band.
What is the PE ratio of Apis India Ltd?
Apis India Ltd trades at a PE ratio of 27.90, on earnings per share of ₹59.1, against a book value of ₹14.43 per share.
What is the 52-week high and low of Apis India Ltd?
Over the last 52 weeks Apis India Ltd has traded between ₹21.13 and ₹110.42.
What is the Return on Equity (ROE) of Apis India Ltd?
Apis India Ltd reported a return on equity of 12.15%. Its debt-to-equity ratio is 0.34.
Company Information
Incorporated in 1983, APIS India Ltd is in the honey processing business and manufacturing of other edible products[1]
Website apisindia.com
Face Value ₹ 10
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