Price
Financials
Consolidated, Rs crore| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 79 | 79 | 79 | 79 | 87 | 80 | 93 | 90 | 87 | 96 | 110 | 98 |
| Expenses | 71 | 72 | 66 | 73 | 80 | 72 | 84 | 79 | 80 | 85 | 99 | 90 |
| Operating Profit | 8 | 7 | 13 | 6 | 7 | 9 | 9 | 11 | 7 | 11 | 10 | 8 |
| OPM % | 11% | 9% | 16% | 7% | 8% | 11% | 9% | 12% | 8% | 11% | 9% | 8% |
| Other Income | 0 | 1 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 0 | 0 | 4 |
| Interest | 2 | 1 | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Depreciation | 0 | 1 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Profit before tax | 6 | 6 | 12 | 4 | 6 | 7 | 7 | 9 | 6 | 9 | 8 | 9 |
| Tax % | 29% | 30% | 0% | 55% | 29% | 24% | 28% | 26% | 30% | 25% | 29% | 20% |
| Net Profit | 9 | 5 | 16 | 3 | 5 | 7 | 5 | 8 | 3 | 7 | 4 | 10 |
| EPS in Rs | 0.65 | 0.37 | 1.13 | 0.22 | 0.38 | 0.49 | 0.38 | 0.59 | 0.18 | 0.51 | 0.28 | 0.75 |
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Sales | 182 | 224 | 209 | 272 | 295 | 332 | 316 | 350 | 391 |
| Expenses | 163 | 206 | 198 | 257 | 276 | 310 | 282 | 317 | 355 |
| Operating Profit | 20 | 18 | 11 | 15 | 19 | 22 | 34 | 34 | 36 |
| OPM % | 11% | 8% | 5% | 6% | 6% | 7% | 11% | 10% | 9% |
| Other Income | 1 | 0 | 1 | 1 | 1 | 1 | 1 | 4 | 6 |
| Interest | 2 | 3 | 5 | 5 | 7 | 8 | 6 | 5 | 4 |
| Depreciation | 2 | 3 | 3 | 2 | 3 | 3 | 2 | 4 | 5 |
| Profit before tax | 16 | 12 | 4 | 8 | 9 | 13 | 27 | 29 | 32 |
| Tax % | 31% | 26% | 43% | 38% | 38% | 43% | 20% | 26% | 25% |
| Net Profit | 12 | 11 | 3 | 6 | 8 | 18 | 33 | 25 | 25 |
| EPS in Rs | 0.87 | 0.77 | 0.24 | 0.46 | 0.58 | 1.32 | 2.36 | 1.84 | 1.84 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | % | 7% | 6% | 11% | ||
| Compounded Profit Growth | % | 32% | 12% | -1% | ||
| Stock Price CAGR | % | % | 156% | 86% | ||
| Return on Equity | % | 16% | 17% | 14% |
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 138 |
| Reserves | 60 | 70 | 74 | 79 | 92 | 110 | 142 | 168 | 61 |
| Borrowings | 55 | 66 | 65 | 85 | 104 | 75 | 60 | 66 | 67 |
| Other Liabilities | 34 | 42 | 54 | 61 | 56 | 62 | 56 | 49 | 43 |
| Total Liabilities | 154 | 184 | 198 | 231 | 257 | 253 | 265 | 288 | 308 |
| Fixed Assets | 14 | 14 | 14 | 14 | 14 | 12 | 13 | 15 | 21 |
| CWIP | 1 | 2 | 3 | 1 | 0 | 0 | 0 | 0 | 0 |
| Investments | 1 | 2 | 10 | 12 | 14 | 25 | 36 | 40 | 41 |
| Other Assets | 138 | 165 | 171 | 203 | 229 | 215 | 215 | 233 | 246 |
| Total Assets | 154 | 184 | 198 | 231 | 257 | 253 | 265 | 288 | 308 |
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 12 | 5 | 16 | -5 | 12 | 18 | -3 | 8 | 14 |
| Cash from Investing Activity | -8 | -7 | -9 | 2 | -4 | -9 | 8 | 3 | -6 |
| Cash from Financing Activity | -1 | -7 | -5 | 2 | -6 | -10 | -6 | -11 | -8 |
| Net Cash Flow | 4 | -8 | 1 | -1 | 2 | -1 | -1 | -0 | 0 |
| Free Cash Flow | 5 | 3 | 13 | -4 | 10 | 16 | -7 | 6 | 8 |
| CFO/OP | 61% | 44% | 149% | -13% | 80% | 104% | 5% | 50% | 68% |
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 75 | 77 | 80 | 79 | 105 | 86 | 98 | 120 | 122 |
| Inventory Days | 178 | 232 | 312 | 236 | 213 | 153 | 178 | 131 | 126 |
| Days Payable | 86 | 107 | 133 | 87 | 81 | 73 | 73 | 56 | 41 |
| Cash Conversion Cycle | 167 | 201 | 259 | 227 | 238 | 166 | 203 | 195 | 207 |
| Working Capital Days | 77 | 83 | 81 | 84 | 83 | 74 | 114 | 126 | 130 |
| ROCE % | 12% | 6% | 8% | 9% | 10% | 16% | 15% | 15% |
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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% | 25.27% | 25.27% | 25.28% | 25.27% |
| No. of Shareholders | 18 | 19 | 21 | 21 | 23 | 23 | 23 | 25 | 30 | 275 | 6,997 | 6,612 |
Fundamentals
Market Cap₹ 690 Cr.
Current Price₹ 50.1
Stock P/E27.4
Book Value₹ 14.4
ROCE14.6 %
ROE13.6 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)11%
Compounded Profit Growth (TTM)-1%
Consolidated figures.
Valuation
Market capRs 701 Cr
Enterprise valueRs 767 Cr
P/E (TTM)29.41x
Price to book4.05x
Price to sales1.80x
EV / EBITDA18.45x
EV / EBIT20.80x
EV / sales1.96x
Price to cash flow88.53x
Earnings yield3.40%
P/E, 3-year average0.15x
P/B, 3-year average0.02x
P/E, 5-year average0.11x
P/B, 5-year average0.02x
Profitability
Operating margin (excl. other income)9.61%
Operating margin (incl. other income)10.70%
EBITDA margin10.64%
Pre-tax margin8.31%
Net profit margin6.10%
Net margin, latest quarter10.57%
ROE15.79%
ROCE14.98%
ROA9.17%
ROE, 3-year average19.22%
ROCE, 3-year average14.03%
ROA, 3-year average9.64%
ROE, 5-year average14.84%
ROCE, 5-year average11.90%
ROA, 5-year average7.03%
ROIC (approx.)11.37%
Tax rate26.39%
Other income / net worth2.21%
Growth
Sales growth (latest year)10.85%
Profit growth (latest year)-22.20%
Sales CAGR, 3 years5.89%
Sales CAGR, 5 years10.84%
Profit CAGR, 3 years46.98%
Profit CAGR, 5 years50.70%
Sales growth QoQ-10.61%
Profit growth QoQ166.75%
Sales growth YoY (latest quarter)8.57%
Profit growth YoY (latest quarter)27.31%
Per share
EPS (TTM)Rs 1.73
EPS (latest year)Rs 45.99
EPS (latest quarter)Rs 0.75
EPS, 3-year averageRs 46.07
EPS, 5-year averageRs 32.85
Book value per shareRs 12.57
Sales per shareRs 28.35
Cash flow per shareRs 0.57
Free cash flow per shareRs 0.58
Efficiency
Asset turnover1.22x
Fixed asset turnover23.22x
Inventory turnover3.16x
Inventory days116 days
Debtor days120 days
Debtors turnover3.05x
Creditor days41 days
Cash conversion cycle207 days
Working capital days130 days
Leverage
Total debtRs 66 Cr
Cash and bankRs 1 Cr
Net debtRs 65 Cr
Debt to equity0.38x
Net debt / EBITDA1.57x
Interest coverage8.41x
Owners' fund to total sources60.10%
Debt to assets23.06%
Cash flow
Cash from Operating Activity (latest year)Rs 8 Cr
Cash from Investing Activity (latest year)Rs 3 Cr
Cash from Financing Activity (latest year)Rs -11 Cr
Net Cash Flow (latest year)Rs -0 Cr
Free cash flow (latest year)Rs 8 Cr
FCFE (approx.: FCF + change in debt)Rs 14 Cr
Cash from ops / profit, 5 years0.45x
Sales to cash flow44.24x
Statement figures
Net sales (TTM)Rs 391 Cr
Net sales (latest year)Rs 350 Cr
Sales (latest quarter)Rs 98 Cr
Operating profit excl. other income (latest year)Rs 34 Cr
Operating profit (latest quarter)Rs 8 Cr
Other income (TTM)Rs 6 Cr
EBITDA (TTM)Rs 42 Cr
PBDT (TTM)Rs 37 Cr
Profit before tax (TTM)Rs 32 Cr
Tax (latest year)Rs 8 Cr
Net profit (TTM)Rs 24 Cr
Net profit (latest year)Rs 25 Cr
Net profit (latest quarter)Rs 10 Cr
Depreciation (TTM)Rs 5 Cr
Depreciation (latest quarter)Rs 1 Cr
Interest (TTM)Rs 4 Cr
Cost of goods sold (latest year)Rs 248 Cr
Total expenditure (latest year)Rs 317 Cr
Total income (latest year)Rs 354 Cr
Share capitalRs 6 Cr
ReservesRs 168 Cr
Shareholders' fundsRs 173 Cr
Total assetsRs 288 Cr
Net blockRs 15 Cr
Capital work in progressRs 0 Cr
InvestmentsRs 40 Cr
ReceivablesRs 115 Cr
InventoryRs 79 Cr
Other liabilitiesRs 49 Cr
Shares outstanding (crore)13.78
Ownership
Promoter holding74.72% (+0.00 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 29.4 is at the 72th percentile of its own 3.0-year range
(median 11.1, low 0.8, high 42.9).
P/B 4.05 is at the 69th percentile (median 1.24).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
| Period | 506166 | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | +0.3% | -2.8% | +3.1 pts |
| 1 month | -6.1% | -6.8% | +0.7 pts |
| 3 months | -17.3% | -7.6% | -9.6 pts |
| 3 years | +1608.1% | +14.2% | +1593.9 pts |
| 5 years | +6778.4% | +27.9% | +6750.5 pts |
Red flags
F-score 4 of 8| explain | Weak cash conversion Cash from operations was 29% of net profit over the last 3 years |
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.
Latest quarter
Mar 2026Sales ₹98 Cr +8.9% vs Mar 2025.
Net profit ₹10 Cr +25.0%.
Activity
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| Pajson Agro India Ltd | 512 | 20.6 | 31.4 % |
| Hoac Foods India Ltd | 388 | 68.3 | 32.1 % |
| Madhusudan Masala Ltd | 387 | 21.2 | 16.2 % |
| Nutricircle Ltd | 300 | 999 | 4.23 % |
| Chemkart India Ltd | 300 | 15.3 | 27.7 % |
| Megastar Foods Ltd | 290 | 29.5 | 11.6 % |
| Srivari Spices & Foods Ltd | 242 | 15.7 | 28.6 % |
| Wardwizard Foods & Beverages Ltd | 224 | 51.8 | 4.40 % |
No bulk or block deals on record.
No corporate actions on record.
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.
Quick answers
What is the market cap of Apis India Ltd?
Apis India Ltd (506166) has a market capitalisation of Rs 690 Cr. at the 2026-10-01 close.
What is the P/E ratio of Apis India Ltd?
Apis India Ltd trades at a P/E of 27.4 on trailing twelve-month profit, at the 2026-10-01 close.
What were Apis India Ltd's latest quarterly results?
In the Mar 2026 quarter, Apis India Ltd sales was Rs 98 Cr (+8.9% vs Mar 2025) and net profit was Rs 10 Cr.