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Apis India Ltd

APIS
BSE
64.16
0.67%
Last Updated:
29 Apr '26, 4:00 PM
Company Overview
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Apis India Ltd

APIS
BSE
64.16
0.67%
29 Apr '26, 4:00 PM
Company Overview
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6M
Price
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Quick Ratios

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Mkt Cap
Market Capitalization
884Cr
Close
Close Price
64.16
Industry
Industry
Food - Processing - Others
PE
Price To Earnings
3.18
PS
Price To Sales
2.31
Revenue
Revenue
383Cr
Rev Gr TTM
Revenue Growth TTM
12.84%
PAT Gr TTM
PAT Growth TTM
50.47%
Peer Comparison
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APIS
VS

Quarterly Results

Consolidated
Standalone
Numbers
Percentage
QuarterMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Revenue
RevenueCr
7779797979878093908796110
Growth YoY
Revenue Growth YoY%
-18.715.8-19.8-10.32.610.31.717.214.1-0.319.718.2
Expenses
ExpensesCr
717172667380728479808599
Operating Profit
Operating ProfitCr
6871367991171110
OPM
OPM%
7.610.69.216.47.38.311.19.312.07.911.59.3
Other Income
Other IncomeCr
101000011100
Interest Expense
Interest ExpenseCr
221121111111
Depreciation
DepreciationCr
101011111111
PBT
PBTCr
4661246779698
Tax
TaxCr
322022222222
PAT
PATCr
1441224557476
Growth YoY
PAT Growth YoY%
123.7804.8-7.2314.098.8-10.533.8-57.3303.02.632.721.3
NPM
NPM%
1.15.55.114.62.14.56.75.37.54.67.45.5
EPS
EPS
0.416.29.21.10.20.412.29.514.84.60.50.3

Profit & Loss

Consolidated
Standalone
Numbers
Percentage
Financial YearMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Revenue
RevenueCr
196225210273295332316350383
Growth
Revenue Growth%
14.9-6.530.28.012.4-4.810.89.3
Expenses
ExpensesCr
176206199258277310282315344
Operating Profit
Operating ProfitCr
201811151922343639
OPM
OPM%
10.08.25.45.66.36.710.910.210.2
Other Income
Other IncomeCr
101111122
Interest Expense
Interest ExpenseCr
235577654
Depreciation
DepreciationCr
233233245
PBT
PBTCr
161248913272933
Tax
TaxCr
532346689
PAT
PATCr
1192567222124
Growth
PAT Growth%
-18.2-74.7111.113.730.8193.9-2.813.8
NPM
NPM%
5.84.11.11.81.92.26.86.06.3
EPS
EPS
21.619.15.911.513.41.42.346.020.2

Balance Sheet

Consolidated
Standalone
Numbers
Percentage
Financial YearMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital
Equity CapitalCr
666666666
Reserves
ReservesCr
6070747992110142168177
Current Liabilities
Current LiabilitiesCr
8610511213314912810710677
Non Current Liabilities
Non Current LiabilitiesCr
236131199910
Total Liabilities
Total LiabilitiesCr
154184198231257253265288270
Current Assets
Current AssetsCr
133157160197218197207228207
Non Current Assets
Non Current AssetsCr
212737343956586063
Total Assets
Total AssetsCr
154184198231257253265288270

Cash Flow

Consolidated
Standalone
Financial YearMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Operating Cash Flow
Operating Cash FlowCr
12516-51218-36
Investing Cash Flow
Investing Cash FlowCr
-8-7-92-4-980
Financing Cash Flow
Financing Cash FlowCr
-1-7-52-6-10-6-6
Net Cash Flow
Net Cash FlowCr
4-81-12-1-10
Free Cash Flow
Free Cash FlowCr
5413-5916-73
CFO To PAT
CFO To PAT%
105.454.0662.3-96.1207.8238.8-15.427.8
CFO To EBITDA
CFO To EBITDA%
61.127.3136.5-31.263.079.3-9.716.4

Ratios

Consolidated
Standalone
Financial YearMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Valuation Ratios
Valuation Ratios
Market Cap
Market CapitalizationCr
00000351050
Price To Earnings
Price To Earnings
0.00.00.00.00.01.93.20.0
Price To Sales
Price To Sales
0.00.00.00.00.00.10.30.0
Price To Book
Price To Book
0.00.00.00.00.00.30.70.0
EV To EBITDA
EV To EBITDA
2.33.55.65.35.34.94.81.9
Profitability Ratios
Profitability Ratios
GPM
GPM%
35.945.649.039.336.131.640.637.6
OPM
OPM%
10.08.25.45.66.36.710.910.2
NPM
NPM%
5.84.11.11.81.92.26.86.0
ROCE
ROCE%
15.411.26.28.08.310.715.914.0
ROE
ROE%
17.312.23.05.85.86.414.612.2
ROA
ROA%
7.45.01.22.12.22.98.27.3
Operational Ratios
Operational Ratios
Solvency Ratios
Solvency Ratios
Liquidity Ratios
Liquidity Ratios
### **Overview** APIS India Limited is a leading FMCG company in India’s organized honey and food products sector, with over a century of legacy since its founding in **1924**. The company has evolved from a honey trading and processing business into a diversified food and beverage player with a strong domestic and international footprint. Operating under the flagship brand **APIS Himalaya**, it is recognized for high-quality, responsibly sourced, and innovative food products. APIS India’s operations span manufacturing, retail, bulk institutional sales, exports, and private-label partnerships across more than **40 countries**, including the USA, UAE, Qatar, and other global markets. --- ### **Core Operations & Facilities** - **Manufacturing Hub**: - Operates a **7-acre state-of-the-art manufacturing facility** in **Roorkee, Uttarakhand**, situated at the foothills of the Himalayas. - The facility houses **three advanced processing units** with a daily honey processing capacity of **over 100 tonnes**. - Equipped with **in-house testing, filtration, and processing infrastructure**, including a **world-class laboratory** compliant with European Union standards. - **Production Capabilities**: - Supports packaging from **6g to 4.5kg for retail**, and **25kg to 230kg for bulk export orders**. - Holds key international certifications: **BRC, ISO22000, KOSHER, HALAL, NON-GMO, ORGANIC** — ensuring compliance with global food safety and export standards. - **Distribution Network**: - Reaches over **200,000 direct and indirect retail points across India**. - Owns **13 manufacturing units in India** and **1 international facility in Dubai, UAE**. --- ### **Sourcing & Honey Portfolio** - **Sourcing Network**: - Sources raw honey from **beekeepers across 15 Indian states**, enabling year-round availability and supply chain resilience. - **Floral Sources**: - Includes diverse varieties: **Rapeseed/Mustard, Acacia, Lychee, Eucalyptus, Orange Blossom, Sunflower, Himalaya Wild Flower Forest, Kashmir Cider**. - **Honey Offerings**: - **Brands**: APIS Himalaya, Pure Honey, GOURMET, Apis Honey, Himalayan Honey, ASLNA 300, Reliance Honey, Al-Shafi Honey. - **Varieties**: Acacia, Eucalyptus, Himalaya Honey, Lychee, Sunflower, Organic, Wild Flower Forest, Regular. - **Pack Sizes**: From **15g to 1kg**, with packaging in **PET jars, squeezy bottles, and glass jars**. - **Promotions**: Regular "Buy One, Get One" (BOGO) offers on popular SKUs (e.g., 450g, 500g, 1000g). - **Export Recognition**: - Recipient of the prestigious **APEDA Export Award (three times)** from the Ministry of Commerce, Government of India. --- ### **Value-Added & Diversified Product Portfolio** APIS India has expanded beyond honey into multiple food categories, aligning with rising consumer demand for **branded, functional, and convenience foods**. #### **Breakfast & Spreads Segment** - **Jam Range**: - Brands: **apis TRUIT BLAST** (Mango, Mixed Fruit), **apis BLAST EAPPLE** (Pineapple). - Pack sizes: **90g, 200g, 450g, 1000g** in **IML-PP, glass, and PET** materials. - Promotions: BOGO on 450g glass jar variants. - **Peanut Butter**: - Creamy & Crunchy variants in **340g PET jars**, 24 units per case. - **Chocolate Hazelnut Spread**: - 350g PET jar, 24 units per case. - **Vermicelli & Macaroni**: - Vermicelli in Plain, Roasted, Thin Long Roasted variants (70g–850g). - Macaroni in Plain variant (180g, 400g). - Case sizes vary: 20–200 units, depending on SKU. #### **Beverages & Premixes** - Developing **Honey Lemon Green Tea, Kahwa, Aam Panna, Jaljeera, Thandai, Shikanji, Falooda** — catering to India’s traditional beverage culture. - **Honey-based functional drinks** and **infused green teas** under development. #### **Snacks & Health Foods** - **Soya Chunks** (with Masala): 96g, 200g packs. - **Muesli**: 21% fruit & nuts composition, vitamin-enriched. - **Cornflakes & Chocoflakes**: 250g, 1kg packs. #### **Pickles & Pantry Staples** - **Spicelicious Pickles** under Apis brand — regional variants (North, South, East, West, Kerala, Tamil Nadu). - **Ginger-Garlic Paste**: 100g and 200g pouches. - **Ketchup, Snack Sauces, Soya Sauce, Vinegar, Khus Syrup** — targeted at HORECA and retail. #### **Dates** - Packaged under **premium variants**: Royal Zahidi, Arabian Pearls, Sabba. - SKUs: 250g, 400g, 500g in **stand-up pouches, boxes, brick packs**. - BOGO promotions on multi-packs. --- ### **Innovation & Strategic Expansion** - **Value-Added Honey Products**: - Developing **medicinal and indigenous flavor-infused honey blends** (e.g., turmeric, ginger, tulsi, saffron) targeting **health & wellness** and **functional food** markets. - Includes **Silver Coated Dates**, **Chyawanprash**, and **honey marmalade** in development pipeline. - **New Product Launches (Planned/Recent)**: - **Honey Almond Cornflakes**, **Vitamin-enriched Jams**, **Infused Honey**, **Premixes (Aam, Thandai, etc.)**, **Nut Mixtures**, **Agarbatti**, **Organic Honey**, **Rose Water**. - **Retail Push**: - Aggressively expanding into **retail food products**, with focus on **breakfast, snacks, preserves, and traditional Indian mixes** to capture shelf space and consumer loyalty. - **Greenfield Expansions**: - Led by **Mr. Vimal Anand (Director since 2006)**, who has driven international expansion into 40+ countries and strengthened product innovation. --- ### **Associate Companies & Subsidiaries** 1. **Kapil Anand Agro Private Limited** - Incorporated in 2018 (formerly Anand Agro, est. 2011). - Based in **Hathras, Uttar Pradesh**; operates under GMP and food safety norms. - Specializes in **garlic/ginger paste, pickles**, with **3,000+ MT annual capacity**. - Provides **third-party labeling and co-packing services** for **DS Group, Rakesh, Vishal Mega Mart**. - Financial Performance: - Net profit rose from **₹1.05 crore (2023–24)** to **₹1.98 crore (2024–25)**. 2. **Nature's Family Tree Foods Private Limited** - Wholly owned subsidiary. - Incurred a **net loss of ₹9,192 (2024–25)** — improved from ₹12,773 (previous year). 3. **Apis Arabia Foods L.L.C. (Dubai)** - Formerly **APIS Pure Foodstuff Trading LLC** (renamed in 2024–25). - Engaged in trading **honey, tea, coffee, bread & bakery products**. - **Turnover**: ₹159.95 crore (up from ₹135.74 crore). - **Net Profit**: ₹5.36 crore (down from ₹11.64 crore) — attributed to market adjustments and higher input costs. 4. **Joint Venture & Subsidiaries**: - **Anantdrishti Smart India Private Limited** – Wholly owned tech/branding arm. - **APIS Pure Foodstuff Trading Co., LLC (Dubai JV)** – Key to international distribution. --- ### **Leadership & Vision** - **Mr. Vimal Anand** (Director): - Over **30 years of experience** in multi-geography FMCG operations. - Instrumental in scaling **turnover to record levels** and expanding into global markets. - Focus on **sustainability, innovation, and greenfield investments**. ---