As of 6 Nov 2026, APIS India trades at 29.1× trailing earnings, above the industry P/E of 19.5×, and the shares are 52% below their 52-week high. Sales and net profit grew 4.4% and 12% a year over 3 years, with ROCE of 18% and ROE of 14%. Debt is 0.34× equity. It is a small-cap company with a market cap of ₹726 Cr, ranked 43rd of 127 Packaged Foods companies by market cap; the shares rose 41% over the past year.
- ₹53.30
- ₹54.99
- ₹52.00
- ₹53.39
- 2.4K
Health check
- ReturnsAhead
+40.7% over a year, better than 6 of 7 peers.
- Price tagPricier
P/E 29.1 vs industry 19.5.
- GrowthSlow
Sales +4.4%, profit +11.5% a year over 3 years.
- ProfitabilityAverage
ROCE 17.6% vs peer median 15.3%.
- Balance sheetSolid
Debt 0.34× equity, interest covered 8.6×, Piotroski 6 of 9.
- Red flags2 to check
Quarterly sales down 23.8% on a year ago.
Small cap
Market sensitivity
Key metrics
- Market cap
- ₹726 Cr
- Small cap
- P/E
- 29.1
- Industry 19.5
- Price to book
- 3.65
- Peers 8.88
- Dividend yield
- 0.00%
- ROE
- 13.6%
- Peers 14.8%
- ROCE
- 17.6%
- Peers 15.3%
- Debt to equity
- 0.34
- Debt ₹67 Cr
- EPS (TTM)
- ₹1.81
- OPM (TTM)
- 9.5%
- Net margin 7.1%
- Sales growth
- −23.8%
- Latest quarter vs a year ago
- Profit growth
- +34.0%
- Latest quarter vs a year ago
- Price to sales
- 1.96
- EV/EBITDA 23.6
Strengths and risks
Strengths
- Quarterly profit up 34.0% on a year ago.
Risks to check
- Quarterly sales down 23.8% on a year ago.
- 52% below its 52-week high.
About APIS India
APIS India Limited engages in testing, processing, and filtration of honey in India. The company provides honey, such as acacia, eucalyptus, himalaya honey, lychee, sunflower and wild flower forest, lemon infused, ginger honey, and chilly honey under the APIS Himalaya brand name; green tea; lime, mango tang, mixed veggies, and tomato; preserves; masala dates; mouth freshener; dates, such as premium seeded, royal zahidi, arabian pearls, shahana, deseeded,…
- Headquarters
- New Delhi
- Employees
- 612
- Sector
- Consumer Defensive
- ISIN
- INE070K01014
- Website
- apisindia.com
Price range
- Avg volume (3M)
- 33.7K
- 1-year return
- plus 40.7%
- From 52-week high
- minus 52.3%
Peers · Packaged Foods
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| NESTLEINDNestle India | 1,282.10 | plus 1.89% | 2,47,229 | 60.6 | 42.76 | – | 79.9% | 21.0% | – | – | 0.94% | minus 0.5% |
| BRITANNIABritannia Industries | 4,785.00 | minus 3.92% | 1,15,255 | 43.2 | 27.13 | 61.2% | 66.7% | 18.4% | 5.7% | 3.0% | 1.89% | minus 15.5% |
| TATACONSUMTata Consumer Products | 1,086.30 | plus 0.80% | 1,07,511 | 63.3 | 4.86 | 8.3% | 7.6% | 14.0% | 13.9% | 8.6% | 0.92% | minus 8.6% |
| PATANJALIPatanjali Foods | 411.50 | plus 0.19% | 44,776 | 22.7 | 3.42 | 11.2% | 14.8% | 4.2% | 8.7% | 27.0% | 0.98% | minus 28.6% |
| HATSUNHatsun Agro Product | 1,068.10 | plus 0.33% | 23,792 | 66.0 | 12.07 | 20.2% | 19.0% | 10.7% | 11.2% | 29.0% | 1.87% | plus 2.4% |
| MILKYMISTMilky Mist Dairy Food | 297.20 | plus 0.93% | 22,880 | 91.2 | 8.88 | – | 9.7% | 10.1% | – | – | 0.00% | plus 63.7% |
| AWLAWL Agri Business | 167.00 | minus 0.48% | 21,573 | 18.7 | 1.98 | 15.3% | 11.1% | 2.9% | 8.7% | 21.4% | 0.60% | minus 39.5% |
| APISAPIS India | 52.69 | minus 1.31% | 726 | 29.1 | 3.65 | 17.6% | 13.6% | 9.2% | 4.4% | 11.5% | 0.00% | plus 40.7% |
| Median of 7 peers | – | 0.33% | 44,776 | 60.6 | 8.88 | 15.3% | 14.8% | 10.7% | 8.7% | 21.4% | 0.94% | −8.6% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 86.5 | 96.2 | 110 | 97.9 | 66 | |
| 79.4 | 85.2 | 99.3 | 90.2 | 59.7 | |
| 7.2 | 11.1 | 10.2 | 7.6 | 6.2 | |
| 8.3% | 11.5% | 9.3% | 7.8% | 9.4% | |
| 0.7 | 0.4 | 0.5 | 4.1 | 0.9 | |
| 1.1 | 0.8 | 1.1 | 1.5 | 1.5 | |
| 1 | 1.2 | 1.2 | 1.3 | 1.1 | |
| 5.7 | 9.5 | 8.4 | 8.9 | 4.5 | |
| 29.7% | 24.5% | 28.9% | 20.2% | 19.8% | |
| 2.5 | 7.1 | 3.9 | 10.3 | 3.4 | |
| 0.18 | 0.51 | 0.28 | 0.77 | 0.25 |
Profit & loss
- Sales CAGR 3Y
- +4.4%
- Profit CAGR 3Y
- +11.5%
- EPS CAGR 3Y
- +11.5%
- ROE
- 13.6%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 327 | 314 | 346 | 372 | |
| – | minus 4.0% | +10.2% | +7.4% | |
| 307 | 281 | 311 | 348 | |
| 20 | 33.4 | 34.9 | 24.2 | |
| 6.1% | 10.6% | 10.1% | 6.5% | |
| 1.9 | −0.9 | 2.5 | 17.2 | |
| 7.1 | 5.2 | 4.9 | 4.3 | |
| 2.3 | 1.9 | 3.9 | 4.7 | |
| 0.5 | 1.6 | – | 0.1 | |
| 13 | 27.2 | 28.6 | 32.5 | |
| 43.4% | 20.4% | 26.4% | 25.3% | |
| 18.3 | 32.6 | 25.3 | 25.3 | |
| – | +78.4% | minus 22.2% | minus 0.1% | |
| 1.33 | 2.36 | 1.84 | 1.84 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 5.5 | 5.5 | 5.5 | 138 | |
| 110 | 142 | 168 | 61 | |
| 75.2 | 60.4 | 66.5 | 66.8 | |
| 61.9 | 56.4 | 48.5 | 42.5 | |
| 253 | 265 | 288 | 308 | |
| 12.4 | 13.4 | 15.5 | 21.4 | |
| 0 | 0 | 0.6 | 0.8 | |
| 40.8 | 40.6 | 0.2 | 0.7 | |
| 1.3 | 0.6 | 1 | 0.6 | |
| 198 | 210 | 271 | 285 | |
| 253 | 265 | 288 | 308 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 17.6 | −3.3 | 7.9 | 14.1 | |
| −8.9 | 8.3 | 2.6 | −6.3 | |
| −9.9 | −5.7 | −10.8 | −7.7 | |
| −1.2 | −0.6 | −0.2 | 0.1 | |
| −1.9 | −3.6 | −2.4 | −6.1 | |
| 15.7 | −7 | 5.5 | 8 |
Shareholding pattern
This company is listed only on BSE, so there’s no NSE category split. See Major shareholders below for the named holders.
Major shareholders
Filings & events
News
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