Apis India Ltd: Fundamental Analysis, Share Price Insights & Intrinsic Value (2024)

Share Price and Basic Stock Data

Last Updated: December 13, 2024, 11:48 pm

Market Cap	147 Cr.
Current Price	267
High / Low	267/95.1
Stock P/E	4.81
Book Value	290
Dividend Yield	0.00 %
ROCE	16.4 %
ROE	24.4 %
Face Value	10.0
PEG Ratio	0.14

Stock P/E, Current Price, and Intrinsic Value Over Time

Stock P/E Current Price Intrinsic Value

View Share Price Target for

Competitors of

Stock Name	Market Cap	Current Price	High / Low	Stock P/E	Book Value	Dividend Yield	ROCE	ROE	Face Value
Nakoda Group of Industries Ltd	55.8 Cr.	40.0	59.5/33.3		11.8	0.00 %	1.80 %	12.1 %	10.0
ICL Organic Dairy Products Ltd	23.8 Cr.	39.7	39.7/39.7	1,192	20.1	0.00 %	0.25 %	0.17 %	10.0
Himalaya Food International Ltd	112 Cr.	19.3	29.9/19.0	17.8	24.4	0.00 %	3.63 %	3.61 %	10.0
Goldcoin Health Foods Ltd	3.38 Cr.	11.3	13.6/6.14		3.43	0.00 %	18.4 %	24.2 %	10.0
Galaxy Cloud Kitchens Ltd	282 Cr.	62.7	67.5/12.2		4.78	0.00 %	%	%	10.0
Industry Average	17,909.76 Cr	828.55		196.45	120.94	0.20%	18.35%	18.37%	6.63

All Competitor Stocks of

Quarterly Result

Month	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
Sales	77.06	57.00	66.44	94.74	68.15	98.63	88.18	77.03	78.92	79.08	79.09	79.02	87.08
Expenses	72.95	54.06	60.32	89.36	66.81	89.88	81.93	71.21	70.57	71.76	66.14	73.22	79.84
Operating Profit	4.11	2.94	6.12	5.38	1.34	8.75	6.25	5.82	8.35	7.32	12.95	5.80	7.24
OPM %	5.33%	5.16%	9.21%	5.68%	1.97%	8.87%	7.09%	7.56%	10.58%	9.26%	16.37%	7.34%	8.31%
Other Income	0.07	0.06	0.00	0.60	0.16	-0.04	0.25	0.64	0.06	0.56	0.15	0.31	0.25
Interest	1.39	1.36	1.70	3.18	1.48	1.89	1.99	2.06	1.77	1.44	1.04	1.67	1.37
Depreciation	0.60	0.60	0.45	1.22	0.64	0.97	0.57	0.57	0.47	0.71	0.47	0.72	0.60
Profit before tax	2.19	1.04	3.97	1.58	-0.62	5.85	3.94	3.83	6.17	5.73	11.59	3.72	5.52
Tax %	27.85%	50.00%	28.46%	75.95%	0.00%	26.15%	29.19%	77.81%	29.17%	29.84%	0.26%	54.84%	29.17%
Net Profit	1.24	1.30	3.66	1.48	1.77	7.40	3.36	5.73	8.92	5.05	15.62	2.97	5.27
EPS in Rs	2.25	2.36	6.64	2.69	3.21	13.43	6.10	10.40	16.19	9.16	28.35	5.39	9.56

Last Updated: October 7, 2024, 8:39 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: September 23, 2024, 3:02 pm

Month	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Sales	182	224	209	272	295	332	316	324
Expenses	163	206	198	257	276	310	282	291
Operating Profit	20	18	11	15	19	22	34	33
OPM %	11%	8%	5%	6%	6%	7%	11%	10%
Other Income	1	0	1	1	1	1	1	1
Interest	2	3	5	5	7	8	6	6
Depreciation	2	3	3	2	3	3	2	2
Profit before tax	16	12	4	8	9	13	27	27
Tax %	31%	26%	43%	38%	38%	44%	20%
Net Profit	12	11	3	6	8	18	33	29
EPS in Rs	21.63	19.15	5.92	11.54	14.48	33.12	59.11	52.46
Dividend Payout %	0%	0%	0%	0%	0%	0%	0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024
YoY Net Profit Growth (%)	-8.33%	-72.73%	100.00%	33.33%	125.00%	83.33%
Change in YoY Net Profit Growth (%)	0.00%	-64.39%	172.73%	-66.67%	91.67%	-41.67%

has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 6 years from 2018-2019 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:	%
5 Years:	7%
3 Years:	5%
TTM:	1%

Compounded Profit Growth
10 Years:	%
5 Years:	25%
3 Years:	72%
TTM:	33%

Stock Price CAGR
10 Years:	%
5 Years:	71%
3 Years:	%
1 Year:	195%

Return on Equity
10 Years:	%
5 Years:	14%
3 Years:	18%
Last Year:	24%

Last Updated: Unknown

Balance Sheet

Last Updated: December 14, 2024, 2:16 pm

Month	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
Equity Capital	6	6	6	6	6	6	6	6
Reserves	60	70	74	79	92	110	142	154
Borrowings	55	66	65	85	104	75	60	60
Other Liabilities	34	42	54	61	56	62	56	43
Total Liabilities	154	184	198	231	257	253	265	263
Fixed Assets	14	14	14	14	14	12	13	14
CWIP	1	2	3	1	0	0	0	0
Investments	1	2	10	12	14	25	36	38
Other Assets	138	165	171	203	229	215	215	211
Total Assets	154	184	198	231	257	253	265	263

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Cash from Operating Activity +	12	5	16	-5	12	18	-3
Cash from Investing Activity +	-8	-7	-9	2	-4	-9	8
Cash from Financing Activity +	-1	-7	-5	2	-6	-10	-6
Net Cash Flow	4	-8	1	-1	2	-1	-1

Free Cash Flow

Month	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Free Cash Flow	-35.00	-48.00	-54.00	-70.00	-85.00	-53.00	-26.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

Month	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	75	77	80	79	105	86	98
Inventory Days	178	232	312	236	213	153	178
Days Payable	86	107	133	87	81	73	73
Cash Conversion Cycle	167	201	259	227	238	166	203
Working Capital Days	181	186	189	177	195	146	174
ROCE %		12%	6%	8%	9%	11%	17%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
Promoters	74.72%	74.72%	74.72%	74.72%	74.72%	74.72%	74.72%	74.72%	74.72%	74.72%	74.72%	74.72%
Public	25.28%	25.28%	25.28%	25.28%	25.28%	25.29%	25.28%	25.28%	25.28%	25.28%	25.28%	25.28%
No. of Shareholders	19	19	18	17	16	20	20	20	18	19	21	21

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20
FaceValue	10.00	10.00	10.00	10.00	10.00
Basic EPS (Rs.)	58.59	33.57	12.89	12.08	5.92
Diluted EPS (Rs.)	58.59	33.57	12.89	12.08	5.92
Cash EPS (Rs.)	43.55	18.34	14.87	13.86	9.65
Book Value[Excl.RevalReserv]/Share (Rs.)	268.27	209.68	167.82	155.26	143.44
Book Value[Incl.RevalReserv]/Share (Rs.)	268.27	209.68	167.82	155.26	143.44
Revenue From Operations / Share (Rs.)	573.70	602.51	535.83	496.10	381.13
PBDIT / Share (Rs.)	64.34	42.08	34.65	28.38	21.11
PBIT / Share (Rs.)	60.05	37.09	29.43	24.05	15.71
PBT / Share (Rs.)	49.31	23.62	15.57	14.46	6.91
Net Profit / Share (Rs.)	39.26	13.36	9.66	9.53	4.25
NP After MI And SOA / Share (Rs.)	59.10	33.13	13.93	12.08	5.92
PBDIT Margin (%)	11.21	6.98	6.46	5.72	5.53
PBIT Margin (%)	10.46	6.15	5.49	4.84	4.12
PBT Margin (%)	8.59	3.91	2.90	2.91	1.81
Net Profit Margin (%)	6.84	2.21	1.80	1.92	1.11
NP After MI And SOA Margin (%)	10.30	5.49	2.60	2.43	1.55
Return on Networth / Equity (%)	22.03	15.79	8.30	7.77	4.12
Return on Capital Employeed (%)	21.03	16.36	15.23	13.71	10.13
Return On Assets (%)	12.30	7.22	3.00	2.91	1.65
Long Term Debt / Equity (X)	0.05	0.05	0.12	0.11	0.03
Total Debt / Equity (X)	0.40	0.61	1.11	0.93	0.82
Asset Turnover Ratio (%)	1.22	1.31	1.23	1.29	1.11
Current Ratio (X)	1.93	1.54	1.46	1.46	1.43
Quick Ratio (X)	1.07	0.79	0.71	0.64	0.61
Inventory Turnover Ratio (X)	1.99	2.10	1.81	1.77	1.28
Interest Coverage Ratio (X)	5.99	3.12	2.50	2.96	2.40
Interest Coverage Ratio (Post Tax) (X)	4.66	1.99	1.70	1.99	1.48
Enterprise Value (Cr.)	163.55	105.78	111.91	88.92	73.37
EV / Net Operating Revenue (X)	0.51	0.31	0.37	0.32	0.34
EV / EBITDA (X)	4.61	4.56	5.86	5.69	6.31
MarketCap / Net Operating Revenue (X)	0.33	0.10	0.03	0.03	0.04
Price / BV (X)	0.70	0.30	0.10	0.11	0.12
Price / Net Operating Revenue (X)	0.33	0.10	0.03	0.03	0.04
EarningsYield	0.31	0.51	0.75	0.65	0.32

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of as of December 22, 2024 is: 347.16

Calculation basis:

Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of December 22, 2024, is Undervalued by 30.02% compared to the current share price 267.00

Intrinsic Value of as of December 22, 2024 is: 469.95

Calculation basis:

Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of December 22, 2024, is Undervalued by 76.01% compared to the current share price 267.00

Last 5 Year EPS CAGR: 35.37%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The company has higher reserves (97.63 cr) compared to borrowings (71.25 cr), indicating strong financial stability. The company has shown consistent growth in sales (269.25 cr) and profit (14.50 cr) over the years.	The stock has a low average ROCE of 9.00%, which may not be favorable. The stock has a high average Working Capital Days of 178.29, which may not be favorable. The stock has a high average Cash Conversion Cycle of 208.71, which may not be favorable.

Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in :
1. Net Profit Margin: 6.84%
  - Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
2. ROCE: 21.03% (Industry Average ROCE: 18.35%)
  - ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
3. ROE%: 22.03% (Industry Average ROE: 18.37%)
  - ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
4. Interest Coverage Ratio (Post Tax): 4.66
  - Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
5. Quick Ratio: 1.07
  - Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
6. Stock P/E: 4.81 (Industry average Stock P/E: 196.45)
  - Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
7. Total Debt / Equity: 0.4
  - Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
Stock Rating:

About the Company - Qualitative Analysis

Apis India Ltd. is a Public Limited Listed company incorporated on 22/03/1983 and has its registered office in the State of Delhi, India. Company’s Corporate Identification Number(CIN) is L51900DL1983PLC164048 and registration number is 164048. Currently company belongs to the Industry of Food Processing - Bakery/Dairy/Fruits/Others. Company’s Total Operating Revenue is Rs. 295.22 Cr. and Equity Capital is Rs. 5.51 Cr. for the Year ended 31/03/2022.

INDUSTRY	ADDRESS	CONTACT
Food Processing - Bakery/Dairy/Fruits/Others	18/32, East Patel Nagar, New Delhi Delhi 110008	mail@apisindia.com, http://www.apisindia.com

Management
Name	Position Held
Mrs. Prem Anand	Chairperson
Mr. Amit Anand	Managing Director
Mr. Vimal Anand	Executive Director
Mr. Sushil Gupta	Independent Director
Mr. Karan Ahooja	Independent Director
Mrs. Sunita Chaddha	Independent Director
Mr. Mukesh Kasana	Independent Director

FAQ

What is the latest intrinsic value of Apis India Ltd?

The latest intrinsic value of Apis India Ltd as on 16 December 2024 is ₹347.16, which is 30.02% higher than the current market price of ₹267.00. The stock has a market capitalization of 147 Cr. and recorded a high/low of ₹267/95.1 during the current fiscal year 2024-2025. As of Sep 2024, the company has reserves of ₹154 Cr and total liabilities of ₹263 Cr.

What is the Market Cap of Apis India Ltd?

The Market Cap of Apis India Ltd is 147 Cr..

What is the current Stock Price of Apis India Ltd as on 16 December 2024?

The current stock price of Apis India Ltd as on 16 December 2024 is 267.

What is the High / Low of Apis India Ltd stocks in FY 2024-2025?

In FY 2024-2025, the High / Low of Apis India Ltd stocks is 267/95.1.

What is the Stock P/E of Apis India Ltd?

The Stock P/E of Apis India Ltd is 4.81.

What is the Book Value of Apis India Ltd?

The Book Value of Apis India Ltd is 290.

What is the Dividend Yield of Apis India Ltd?

The Dividend Yield of Apis India Ltd is 0.00 %.

What is the ROCE of Apis India Ltd?

The ROCE of Apis India Ltd is 16.4 %.

What is the ROE of Apis India Ltd?

The ROE of Apis India Ltd is 24.4 %.

What is the Face Value of Apis India Ltd?

The Face Value of Apis India Ltd is 10.0.