Arthneeti

Apis India Share Price & Earnings Call Analysis

₹54.63+6.35% today
Market cap
₹753 Cr
P/E
31.55
ROE
15.50%
PEG
0.71
Price to sales
2.08
Debt to equity
0.40
52W high / low
₹1,153 / ₹48.4
Sales growth (5Y)
7.47%
EBITDA margin
7.02%
Net profit margin
6.18%
Promoter holding
74.72%
Sales (last year)
₹360 Cr

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

Potential multibaggers · Q2 FY27

Potential multibaggers in Food Products
on management's own guidance

  1. Strong growth
    2
  2. Strong growth
    1
  3. Strong growth
    3
See all potential multibaggersWhere does Apis India rank?

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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

Food Products companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
140%+Up 2%+₹23,562 Cr134.3
240%+Up 2%+₹435 Cr7.5
340%+Up 2%+₹413 Cr72.6
440%+Flat₹1,012 Cr46.0
540%+Flat₹148 Cr9.8
620–40%Up 2%+₹670 Cr48.3

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Pro shows every company guiding 40%+ revenue growth →Full Food Products ranking

Financials of Apis India

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Financials of Apis India

Quarterly Results

Quarter-by-quarter operating performance

Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales +88.1877.0378.9279.0879.0979.0287.0880.4392.6890.1686.8696.25109.51
Expenses +81.9371.2170.5771.7666.1373.2279.8471.5084.0779.3479.9985.1999.29
Operating Profit6.255.828.357.3212.965.807.248.938.6110.826.8711.0610.22
OPM %7.09%7.56%10.58%9.26%16.39%7.34%8.31%11.10%9.29%12.00%7.91%11.49%9.33%
Other Income +0.250.640.060.560.150.310.250.140.740.740.850.380.49
Interest1.992.061.771.441.051.671.371.371.101.110.980.801.12
Depreciation0.570.570.470.710.470.720.600.651.451.241.041.181.19
Profit before tax3.943.836.175.7311.593.725.527.056.809.215.709.468.40
Tax %29.19%77.81%29.17%29.84%0.26%54.84%29.17%23.69%27.50%26.17%29.65%24.52%28.93%
Net Profit +3.365.738.925.0515.622.975.276.715.238.132.537.083.88
EPS in Rs0.240.420.650.371.130.220.380.490.380.590.180.510.28

Financials of Apis India

Profit & Loss

Annual income statement trend

Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales +182224209272295332316350383
Expenses +163206198257276310282315344
Operating Profit201811151922343639
OPM %11%8%5%6%6%7%11%10%10%
Other Income +101111122
Interest235578654
Depreciation233233245
Profit before tax161248913272933
Tax %31%26%43%38%38%43%20%26%
Net Profit +121136818332522
EPS in Rs0.870.770.240.460.581.322.361.841.56
Dividend Payout %0%0%0%0%0%0%0%0%

Financials of Apis India

Balance Sheet

Capital structure and asset base

Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital666666666
Reserves6070747992110142168177
Borrowings +5566658510475606647
Other Liabilities +344254615662564840
Total Liabilities154184198231257253265288270
Fixed Assets +141414141412131519
CWIP123100000
Investments1210121425364038
Other Assets +138165171203229215215233213
Total Assets154184198231257253265288270

Financials of Apis India

Cash Flows

Operating, investing and financing cash movement

Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity +12516-51218-36
Cash from Investing Activity +-8-7-92-4-980
Cash from Financing Activity +-1-7-52-6-10-6-6
Net Cash Flow4-81-12-1-1-0
Free Cash Flow5313-41016-73
CFO/OP61%44%149%-13%80%104%5%42%

Financials of Apis India

Ratios

Working capital efficiency and return ratios

Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days757780791058698120
Inventory Days178232312236213153178131
Days Payable861071338781737355
Cash Conversion Cycle167201259227238166203196
Working Capital Days778381848374114126
ROCE %12%6%8%9%10%16%14%
32out of 100

Momentum score · price trend

32 out of 100 — Cooling

Over the past year its share price has done worse than most of the stocks we track.

PeriodShare price changeBetter than … of 1,910 stocks
Last 12 months+64.7%89%
Last 6 months−14.2%30%
Last 3 months+6.0%77%

The price is 47.4% below its all-time high of ₹107.79 (12 Jan 2026). Stocks more than 20% below their peak have their score halved, so 63 became 32.

How we calculate it

“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).

The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Apis India: 0.4 × 89 + 0.4 × 30 + 0.2 × 77 = 63, halved to 32 because the price is more than 20% below its all-time high.

Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.

Full methodology →

This describes only how the share price has moved up to 16 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.

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