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Last Updated: April 2, 2026, 4:06 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 506166 | NSE: APIS

Apis India Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹63.51Fairly Valued by 5.15%vs CMP ₹60.40

P/E (38.5) × ROE (15.2%) × BV (₹13.30) × DY (2.00%)

₹33.21Overvalued by 45.02%vs CMP ₹60.40
MoS: -81.9% (Negative)Confidence: 63/100 (Moderate)Models: 1 Under, 8 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹77.4123%Under (+28.2%)
Graham NumberEarnings₹21.6117%Over (-64.2%)
Earnings PowerEarnings₹11.8111%Over (-80.4%)
DCFCash Flow₹35.7711%Over (-40.8%)
Net Asset ValueAssets₹13.297%Over (-78%)
EV/EBITDAEnterprise₹19.829%Over (-67.2%)
Earnings YieldEarnings₹15.607%Over (-74.2%)
ROCE CapitalReturns₹19.087%Over (-68.4%)
Revenue MultipleRevenue₹12.706%Over (-79%)
Consensus (9 models)₹33.21100%Overvalued
Key Drivers: Wide model spread (₹12–₹77) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 21.9%

*Investments are subject to market risks

Investment Snapshot

63
Apis India Ltd scores 63/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health72/100 · Strong
ROCE 14.4% GoodROE 15.2% GoodD/E 0.93 ModerateInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money50/100 · Moderate
Promoter holding at 74.7% StableShareholders up 817% Retail surge
Earnings Quality55/100 · Moderate
OPM expanding (7% → 11%) ImprovingWorking capital: 126 days Capital intensive
Quarterly Momentum68/100 · Strong
Revenue (4Q): +13% YoY GrowingProfit (4Q): +7% YoY Positive
Industry Rank60/100 · Moderate
P/E 38.5 vs industry 112.3 Cheaper than peersROCE 14.4% vs industry 16.4% Average3Y sales CAGR: 6% Slow

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 4:06 am

Market Cap 832 Cr.
Current Price 60.4
Intrinsic Value₹33.21
High / Low 110/11.2
Stock P/E38.5
Book Value 13.3
Dividend Yield0.00 %
ROCE14.4 %
ROE15.2 %
Face Value 10.0
PEG Ratio1.76

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

View Share Price Target for Apis India Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Apis India Ltd 832 Cr. 60.4 110/11.238.5 13.30.00 %14.4 %15.2 % 10.0
SKM Egg Products Export (India) Ltd 832 Cr. 158 232/75.510.7 64.30.47 %13.1 %11.8 % 5.00
ICE Make Refrigeration Ltd 1,080 Cr. 684 1,089/66078.3 76.80.33 %20.6 %20.3 % 10.0
Euro India Fresh Foods Ltd 561 Cr. 226 306/171193 29.00.00 %9.90 %8.05 % 10.0
HMA Agro Industries Ltd 1,171 Cr. 23.4 38.2/20.06.89 17.31.28 %11.8 %11.5 % 1.00
Industry Average19,776.38 Cr581.69112.2889.800.31%16.37%17.51%5.63

All Competitor Stocks of Apis India Ltd

Quarterly Result

MetricDec 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 Profit 6.255.828.357.3212.965.807.248.938.6110.826.8711.0610.22
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
Interest 1.992.061.771.441.051.671.371.371.101.110.980.801.12
Depreciation 0.570.570.470.710.470.720.600.651.451.241.041.181.19
Profit before tax 3.943.836.175.7311.593.725.527.056.809.215.709.468.40
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 Rs 0.240.420.650.371.130.220.380.490.380.590.180.510.28

Last Updated: March 3, 2026, 12:23 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 26, 2026, 8:46 pm

MetricMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 182224209272295332316350383
Expenses 163206198257276310282315344
Operating Profit 201811151922343639
OPM % 11%8%5%6%6%7%11%10%10%
Other Income 101111122
Interest 235578654
Depreciation 233233245
Profit before tax 161248913272933
Tax % 31%26%43%38%38%43%20%26%
Net Profit 121136818332522
EPS in Rs 0.870.770.240.460.581.322.361.841.56
Dividend Payout % 0%0%0%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)-8.33%-72.73%100.00%33.33%125.00%83.33%-24.24%
Change in YoY Net Profit Growth (%)0.00%-64.39%172.73%-66.67%91.67%-41.67%-107.58%

Apis India Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 7 years from 2018-2019 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:%
5 Years:11%
3 Years:6%
TTM:8%
Compounded Profit Growth
10 Years:%
5 Years:51%
3 Years:47%
TTM:-22%
Stock Price CAGR
10 Years:%
5 Years:%
3 Years:%
1 Year:88%
Return on Equity
10 Years:%
5 Years:16%
3 Years:19%
Last Year:16%

Last Updated: September 5, 2025, 2:21 pm

Balance Sheet

Last Updated: February 1, 2026, 4:19 am

MonthMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 666666666
Reserves 6070747992110142168177
Borrowings 5566658510475606647
Other Liabilities 344254615662564840
Total Liabilities 154184198231257253265288270
Fixed Assets 141414141412131519
CWIP 1231-00000
Investments 1210121425364038
Other Assets 138165171203229215215233213
Total Assets 154184198231257253265288270

Reserves and Borrowings Chart

Cash Flow

MonthMar 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 Flow 4-81-12-1-1-0
Free Cash Flow 5313-41016-73
CFO/OP 61%44%149%-13%80%104%5%42%

Free Cash Flow

MonthMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-35.00-48.00-54.00-70.00-85.00-53.00-26.00-30.00

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 2024Mar 2025
Debtor Days 757780791058698120
Inventory Days 178232312236213153178131
Days Payable 861071338781737355
Cash Conversion Cycle 167201259227238166203196
Working Capital Days 778381848374114126
ROCE %12%6%8%9%10%16%14%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
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%25.28%25.28%25.28%25.28%25.28%25.27%25.27%
No. of Shareholders 2020181921212323232530275

Shareholding Pattern Chart

No. of Shareholders

Apis India Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) 46.0158.5933.5712.8912.08
Diluted EPS (Rs.) 46.0158.5933.5712.8912.08
Cash EPS (Rs.) 45.3243.5518.3414.8713.86
Book Value[Excl.RevalReserv]/Share (Rs.) 314.29268.27209.68167.82155.26
Book Value[Incl.RevalReserv]/Share (Rs.) 314.29268.27209.68167.82155.26
Revenue From Operations / Share (Rs.) 635.83573.70602.51535.83496.10
PBDIT / Share (Rs.) 67.9864.3442.0834.6528.38
PBIT / Share (Rs.) 60.8460.0537.0929.4324.05
PBT / Share (Rs.) 51.8649.3123.6215.5714.46
Net Profit / Share (Rs.) 38.1739.2613.369.669.53
NP After MI And SOA / Share (Rs.) 45.9859.1033.1313.9312.08
PBDIT Margin (%) 10.6911.216.986.465.72
PBIT Margin (%) 9.5610.466.155.494.84
PBT Margin (%) 8.158.593.912.902.91
Net Profit Margin (%) 6.006.842.211.801.92
NP After MI And SOA Margin (%) 7.2310.305.492.602.43
Return on Networth / Equity (%) 14.6322.0315.798.307.77
Return on Capital Employeed (%) 18.4421.0316.3615.2313.71
Return On Assets (%) 8.7912.307.223.002.91
Long Term Debt / Equity (X) 0.020.050.050.120.11
Total Debt / Equity (X) 0.360.400.611.110.93
Asset Turnover Ratio (%) 1.271.221.311.231.29
Current Ratio (X) 2.141.931.541.461.46
Quick Ratio (X) 1.401.070.790.710.64
Inventory Turnover Ratio (X) 4.121.992.101.811.77
Interest Coverage Ratio (X) 7.575.993.122.502.96
Interest Coverage Ratio (Post Tax) (X) 5.254.661.991.701.99
Enterprise Value (Cr.) 210.74163.55105.78111.9188.92
EV / Net Operating Revenue (X) 0.600.510.310.370.32
EV / EBITDA (X) 5.634.614.565.865.69
MarketCap / Net Operating Revenue (X) 0.420.330.100.030.03
Price / BV (X) 0.840.700.300.100.11
Price / Net Operating Revenue (X) 0.420.330.100.030.03
EarningsYield 0.170.310.510.750.65

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

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 & Packaging. Company's Total Operating Revenue is Rs. 350.35 Cr. and Equity Capital is Rs. 5.51 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Food Processing - Bakery/Dairy/Fruits/Others18/32, East Patel Nagar, New Delhi Delhi 110008Contact not found
Management
NamePosition Held
Mrs. Prem AnandChairperson
Mr. Amit AnandManaging Director
Mr. Vimal AnandExecutive Director
Ms. Rubi MishraIndependent Director
Mr. Sanjeev Kumar SinghIndependent Director
Mr. Rohit GuptaIndependent Director

FAQ

What is the intrinsic value of Apis India Ltd and is it undervalued?

As of 14 April 2026, Apis India Ltd's intrinsic value is ₹33.21, which is 45.02% lower than the current market price of ₹60.40, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (15.2 %), book value (₹13.3), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Apis India Ltd?

Apis India Ltd is trading at ₹60.40 as of 14 April 2026, with a FY2026-2027 high of ₹110 and low of ₹11.2. The stock is currently in the middle of its 52-week range. Market cap stands at ₹832 Cr..

How does Apis India Ltd's P/E ratio compare to its industry?

Apis India Ltd has a P/E ratio of 38.5, which is below the industry average of 112.28. Trading at a steep discount to peers could signal a value opportunity or reflect concerns about the company's fundamentals.

Is Apis India Ltd financially healthy?

Key indicators for Apis India Ltd: ROCE of 14.4 % is moderate; ROE of 15.2 % shows strong shareholder returns. Dividend yield is 0.00 %.

Is Apis India Ltd profitable and how is the profit trend?

Apis India Ltd reported a net profit of ₹25 Cr in Mar 2025 on revenue of ₹350 Cr. Compared to ₹8 Cr in Mar 2022, the net profit shows an improving trend.

Does Apis India Ltd pay dividends?

Apis India Ltd has a dividend yield of 0.00 % at the current price of ₹60.40. The company is currently not paying meaningful dividends.

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
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