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Last Updated on: 14 November, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo
Stock Ticker - BSE: 506166 | NSE: APIS

Apis India Ltd: Intrinsic Value and Fundamental Analysis

Share Price and Basic Stock Data

Last Updated: October 17, 2024, 10:31 pm

Market Cap 147 Cr.
Current Price 267
High / Low267/78.2
Stock P/E5.09
Book Value 268
Dividend Yield0.00 %
ROCE16.6 %
ROE24.7 %
Face Value 10.0
PEG Ratio0.14

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

View Share Price Target for Apis India Ltd

Competitors of Apis India Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
ICL Organic Dairy Products Ltd 23.8 Cr. 39.744.0/39.71,192 20.10.00 %0.25 %0.17 % 10.0
Himalaya Food International Ltd 123 Cr. 21.229.9/17.619.6 24.40.00 %3.63 %3.61 % 10.0
Goldcoin Health Foods Ltd 3.65 Cr. 12.113.6/5.52 3.430.00 %18.4 %24.2 % 10.0
Galaxy Cloud Kitchens Ltd 292 Cr. 64.964.9/12.2 4.780.00 %%% 10.0
Foods & Inns Ltd 866 Cr. 119185/11531.9 70.20.25 %16.1 %12.3 % 1.00
Industry Average15,217.62N/A158.51N/AN/A18.2118.20N/A

All Competitor Stocks of Apis India Ltd

Quarterly Result

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Sales77.0657.0066.4494.7468.1598.6388.1877.0378.9279.0879.0979.0287.08
Expenses72.9554.0660.3289.3666.8189.8881.9371.2170.5771.7666.1473.2279.84
Operating Profit4.112.946.125.381.348.756.255.828.357.3212.955.807.24
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 Income0.070.060.000.600.16-0.040.250.640.060.560.150.310.25
Interest1.391.361.703.181.481.891.992.061.771.441.041.671.37
Depreciation0.600.600.451.220.640.970.570.570.470.710.470.720.60
Profit before tax2.191.043.971.58-0.625.853.943.836.175.7311.593.725.52
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 Profit1.241.303.661.481.777.403.365.738.925.0515.622.975.27
EPS in Rs2.252.366.642.693.2113.436.1010.4016.199.1628.355.399.56

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

Quarterly Chart

Profit & Loss - Annual Report

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

MonthMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024TTM
Sales182224209272295332316324
Expenses163206198257276310282291
Operating Profit2018111519223433
OPM %11%8%5%6%6%7%11%10%
Other Income10111111
Interest23557866
Depreciation23323322
Profit before tax1612489132727
Tax %31%26%43%38%38%44%20%
Net Profit1211368183329
EPS in Rs21.6319.155.9211.5414.4833.1259.1152.46
Dividend Payout %0%0%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2018-20192019-20202020-20212021-20222022-20232023-2024
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%

Apis India Ltd 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:-5%
Compounded Profit Growth
10 Years:%
5 Years:25%
3 Years:73%
TTM:14%
Stock Price CAGR
10 Years:%
5 Years:71%
3 Years:%
1 Year:%
Return on Equity
10 Years:%
5 Years:14%
3 Years:18%
Last Year:25%

Last Updated: Unknown

Balance Sheet

Last Updated: Unknown

MonthMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Equity Capital6666666
Reserves6070747992110142
Borrowings556665851047560
Other Liabilities34425461566256
Total Liabilities154184198231257253265
Fixed Assets14141414141214
CWIP1231000
Investments121012142535
Other Assets138165171203229215215
Total Assets154184198231257253265

Reserves and Borrowings Chart

Cash Flow

MonthMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity +12516-51218-3
Cash from Investing Activity +-8-7-92-4-98
Cash from Financing Activity +-1-7-52-6-10-6
Net Cash Flow4-81-12-1-1

Free Cash Flow

MonthMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 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

MonthMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days757780791058698
Inventory Days178232312236213153178
Days Payable8610713387817373
Cash Conversion Cycle167201259227238166203
Working Capital Days181186189177195146174
ROCE %12%6%8%9%11%17%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthSep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Promoters74.72%74.72%74.72%74.72%74.72%74.72%74.72%74.72%74.72%74.72%74.72%74.72%
Public25.28%25.28%25.28%25.28%25.28%25.29%25.28%25.28%25.28%25.28%25.28%25.28%
No. of Shareholders191918171620202018192121

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)58.5933.5712.8912.085.92
Diluted EPS (Rs.)58.5933.5712.8912.085.92
Cash EPS (Rs.)43.5518.3414.8713.869.65
Book Value[Excl.RevalReserv]/Share (Rs.)268.27209.68167.82155.26143.44
Book Value[Incl.RevalReserv]/Share (Rs.)268.27209.68167.82155.26143.44
Revenue From Operations / Share (Rs.)573.70602.51535.83496.10381.13
PBDIT / Share (Rs.)64.3442.0834.6528.3821.11
PBIT / Share (Rs.)60.0537.0929.4324.0515.71
PBT / Share (Rs.)49.3123.6215.5714.466.91
Net Profit / Share (Rs.)39.2613.369.669.534.25
NP After MI And SOA / Share (Rs.)59.1033.1313.9312.085.92
PBDIT Margin (%)11.216.986.465.725.53
PBIT Margin (%)10.466.155.494.844.12
PBT Margin (%)8.593.912.902.911.81
Net Profit Margin (%)6.842.211.801.921.11
NP After MI And SOA Margin (%)10.305.492.602.431.55
Return on Networth / Equity (%)22.0315.798.307.774.12
Return on Capital Employeed (%)21.0316.3615.2313.7110.13
Return On Assets (%)12.307.223.002.911.65
Long Term Debt / Equity (X)0.050.050.120.110.03
Total Debt / Equity (X)0.400.611.110.930.82
Asset Turnover Ratio (%)1.221.311.231.291.11
Current Ratio (X)1.931.541.461.461.43
Quick Ratio (X)1.070.790.710.640.61
Inventory Turnover Ratio (X)1.992.101.811.771.28
Interest Coverage Ratio (X)5.993.122.502.962.40
Interest Coverage Ratio (Post Tax) (X)4.661.991.701.991.48
Enterprise Value (Cr.)163.55105.78111.9188.9273.37
EV / Net Operating Revenue (X)0.510.310.370.320.34
EV / EBITDA (X)4.614.565.865.696.31
MarketCap / Net Operating Revenue (X)0.330.100.030.030.04
Price / BV (X)0.700.300.100.110.12
Price / Net Operating Revenue (X)0.330.100.030.030.04
EarningsYield0.310.510.750.650.32

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Apis India Ltd as of November 14, 2024 is: 343.68

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 November 14, 2024, Apis India Ltd is Undervalued by 28.72% compared to the current share price 267.00

Intrinsic Value of Apis India Ltd as of November 14, 2024 is: 465.24

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 November 14, 2024, Apis India Ltd is Undervalued by 74.25% compared to the current share price 267.00

Last 5 Year EPS CAGR: 35.37%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The company has higher reserves (89.57 cr) compared to borrowings (72.86 cr), indicating strong financial stability.
  2. The company has shown consistent growth in sales (269.25 cr) and profit (14.50 cr) over the years.
  1. The stock has a low average ROCE of 9.00%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 178.29, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 208.71, which may not be favorable.

Stock Analysis

  • 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 Apis India Ltd:
    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: 18.21%)
      • 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: 18.2%)
      • 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: 5.09 (Industry average Stock P/E: 158.51)
      • 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.
INDUSTRYADDRESSCONTACT
Food Processing - Bakery/Dairy/Fruits/Others18/32, East Patel Nagar, New Delhi Delhi 110008mail@apisindia.com,
http://www.apisindia.com
Management
NamePosition Held
Mrs. Prem AnandChairperson
Mr. Amit AnandManaging Director
Mr. Vimal AnandExecutive Director
Mr. Sushil GuptaIndependent Director
Mr. Karan AhoojaIndependent Director
Mrs. Sunita ChaddhaIndependent Director

FAQ

What is the latest intrinsic value of Apis India Ltd?

The latest intrinsic value of Apis India Ltd as on 14 November 2024 is ₹343.68, which is 28.72% higher than the current market price of ₹267.00.

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 14 November 2024?

The current stock price of Apis India Ltd as on 14 November 2024 is ₹267.

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

In FY 2024, the High / Low of Apis India Ltd stocks is 267/78.2.

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

The Stock P/E of Apis India Ltd is 5.09.

What is the Book Value of Apis India Ltd?

The Book Value of Apis India Ltd is 268.

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 16.6 %.

What is the ROE of Apis India Ltd?

The ROE of Apis India Ltd is 24.7 %.

What is the Face Value of Apis India Ltd?

The Face Value of Apis India Ltd is 10.0.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Apis India Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE