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Last Updated on: 22 April, 2024|Author: Getaka | Social: X Twitter Profile
Stock Ticker - BSE: 506166 | NSE: APIS

Fundamental Analysis of Apis India Ltd

Basic Stock Data

Last Updated: April 16, 2024, 11:38 am

Market Cap 105 Cr.
Current Price 190
High / Low190/67.6
Stock P/E2.96
Book Value 233
Dividend Yield0.00 %
ROCE10.5 %
ROE17.1 %
Face Value 10.0

Data Source: screener.in

Competitors of Apis India Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Tasty Bite Eatables Ltd 2,920 Cr. 11,37919,867/8,58160.7 1,0850.02 %14.0 %13.5 % 10.0
Prataap Snacks Ltd 2,140 Cr. 8961,450/690105 2880.11 %1.15 %3.14 % 5.00
SKM Egg Products Export (India) Ltd 733 Cr. 278560/1386.98 95.60.90 %46.4 %48.2 % 10.0
Nestle India Ltd 2,44,096 Cr. 2,5322,771/1,93681.3 32.10.66 %135 %108 % 1.00
Aveer Foods Ltd 227 Cr. 564693/36597.9 42.80.00 %8.36 %6.48 % 10.0
Industry Average50,023.20 Cr3,129.8070.38308.700.34%40.98%35.86%7.20

Quarterly Result

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales75637757669568998877797979
Expenses72617354608967908271717266
Operating Profit32436519668713
OPM %4%3%5%5%9%6%2%9%7%8%11%9%16%
Other Income0000010-001010
Interest1211231222211
Depreciation1011011111010
Profit before tax1-02142-16446612
Tax %29%-967%28%50%28%76%0%26%29%78%29%30%0%
Net Profit10114127369516
EPS in Rs1.200.452.252.366.642.693.2113.436.1010.4016.199.1628.35

Last Updated: April 10, 2024, 6:02 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: April 5, 2024, 10:22 am

MonthMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales182224209272295332314
Expenses163206198257276310280
Operating Profit20181115192235
OPM %11%8%5%6%6%7%11%
Other Income1011111
Interest2355786
Depreciation2332332
Profit before tax16124891327
Tax %31%26%43%38%38%44%
Net Profit12113681835
EPS in Rs21.6319.155.9211.5414.4833.1264.10
Dividend Payout %0%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)-8.33%-72.73%100.00%33.33%125.00%
Change in YoY Net Profit Growth (%)0.00%-64.39%172.73%-66.67%91.67%

Growth

Compounded Sales Growth
10 Years:%
5 Years:13%
3 Years:17%
TTM:-10%
Compounded Profit Growth
10 Years:%
5 Years:9%
3 Years:78%
TTM:152%
Stock Price CAGR
10 Years:%
5 Years:%
3 Years:%
1 Year:195%
Return on Equity
10 Years:%
5 Years:11%
3 Years:12%
Last Year:17%

Last Updated: April 15, 2024, 7:27 am

Balance Sheet

Last Updated: April 22, 2024, 12:26 am

MonthMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital6666666
Reserves6070747992110123
Preference Capital233300
Borrowings526362821047562
Other Liabilities36455664566267
Total Liabilities154184198231257253258
Fixed Assets14141414141212
CWIP1231000
Investments121012142529
Other Assets138165171203229215217
Total Assets154184198231257253258

Reserves and Borrowings Chart

Cash Flow

MonthMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 12516-51218
Cash from Investing Activity -8-7-92-4-9
Cash from Financing Activity -1-7-52-6-10
Net Cash Flow4-81-12-1

Free Cash Flow

MonthMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Free Cash Flow18.0015.008.0012.0019.0022.00

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 2023
Debtor Days7577807910586
Inventory Days178232312236213153
Days Payable86107133878173
Cash Conversion Cycle167201259227238166
Working Capital Days181186189177195146
ROCE %12%6%8%9%11%

Financial Efficiency Indicators Chart

Nestle India Ltd Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
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%25.28%25.28%25.29%25.28%25.28%25.28%25.28%
No. of Shareholders191919191817162020201819

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)33.5712.8912.085.9219.15
Diluted EPS (Rs.)33.5712.8912.085.9219.15
Cash EPS (Rs.)18.3414.8713.869.6521.92
Book Value[Excl.RevalReserv]/Share (Rs.)209.68167.82155.26143.44137.66
Book Value[Incl.RevalReserv]/Share (Rs.)209.68167.82155.26143.44137.66
Revenue From Operations / Share (Rs.)602.51535.83496.10381.13407.82
PBDIT / Share (Rs.)42.0834.6528.3821.1133.89
PBIT / Share (Rs.)37.0929.4324.0515.7128.81
PBT / Share (Rs.)23.6215.5714.466.9122.11
Net Profit / Share (Rs.)13.369.669.534.2516.83
NP After MI And SOA / Share (Rs.)33.1313.9312.085.9219.15
PBDIT Margin (%)6.986.465.725.538.31
PBIT Margin (%)6.155.494.844.127.06
PBT Margin (%)3.912.902.911.815.42
Net Profit Margin (%)2.211.801.921.114.12
NP After MI And SOA Margin (%)5.492.602.431.554.69
Return on Networth / Equity (%)15.798.307.774.1213.91
Return on Capital Employeed (%)16.3615.2313.7110.1320.21
Return On Assets (%)7.223.002.911.655.74
Long Term Debt / Equity (X)0.050.120.110.030.03
Total Debt / Equity (X)0.611.110.930.820.85
Asset Turnover Ratio (%)1.311.231.291.111.34
Current Ratio (X)1.541.461.461.431.53
Quick Ratio (X)0.790.710.640.610.78
Inventory Turnover Ratio (X)2.101.811.771.281.98
Dividend Payout Ratio (NP) (%)0.000.000.000.001.59
Dividend Payout Ratio (CP) (%)0.000.000.000.001.26
Earning Retention Ratio (%)0.000.000.000.0098.41
Cash Earning Retention Ratio (%)0.000.000.000.0098.74
Interest Coverage Ratio (X)3.122.502.962.405.52
Interest Coverage Ratio (Post Tax) (X)1.991.701.991.483.83
Enterprise Value (Cr.)105.78111.9188.9273.3770.61
EV / Net Operating Revenue (X)0.310.370.320.340.31
EV / EBITDA (X)4.565.865.696.313.78
MarketCap / Net Operating Revenue (X)0.100.030.030.040.04
Retention Ratios (%)0.000.000.000.0098.40
Price / BV (X)0.300.100.110.120.12
Price / Net Operating Revenue (X)0.100.030.030.040.04
EarningsYield0.510.750.650.321.08

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value: 120.29

The stock is overvalued by 36.69% compared to the current price ₹190

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.

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The company has higher reserves (86.86 cr) compared to borrowings (1.57 cr), indicating strong financial stability.
  2. The company has shown consistent growth in sales (261.14 cr) and profit (12.71 cr) over the years.
  1. The stock has a low average ROCE of 7.67%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 179.00, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 209.67, 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: 2.21%
      • 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: 16.36% (Industry Average ROCE: 10.67%)
      • 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%: 15.79% (Industry Average ROE: 11.42%)
      • 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): 1.99
      • 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: 0.79
      • 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: 2.96 (Industry average Stock P/E: 57.06)
      • 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: 0.61
      • 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

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

Apis India Ltd. Share Price Update

Share PriceValue
Today₹189.95
Previous Day₹189.95

FAQ

What is the Market Cap of Apis India Ltd?

The Market Cap of Apis India Ltd is 105 Cr..

What is the current Stock Price of Apis India Ltd as on 21 March 2024?

The current stock price of Apis India Ltd as on 21 March 2024 is ₹190.

What is the High / Low of Apis India Ltd?

The High / Low of Apis India Ltd is 190/67.6.

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

The Stock P/E of Apis India Ltd is 2.96.

What is the Book Value of Apis India Ltd?

The Book Value of Apis India Ltd is 233.

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 10.5 %.

What is the ROE of Apis India Ltd?

The ROE of Apis India Ltd is 17.1 %.

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