Apis India

BSE: APIS · Other Food Products

52W Range₹48 ₹1,153

Snapshot

Unlock Apis India's vital signs

Growth · Profitability · Valuation · Strength · Conviction

Company Overview

Business

Apis India Ltd. is a food products company primarily engaged in the production, export, and distribution of honey and honey-related goods. The company has diversified its portfolio to include bakery products and has expanded into the quick-service restaurant sector through the franchising of Wezel's Pretzels.

Business Model

The company generates revenue through the manufacturing and sale of branded honey and food products, alongside operations in the retail food service segment. It leverages a combination of direct product distribution and franchise-based expansion to reach its consumer base.

Growth Outlook

Growth is expected to be driven by the expansion of the company's food product portfolio and the scaling of its franchise operations. Continued focus on the honey segment remains a core component of its long-term strategy.

Key Risks

  • Supply Chain Volatility. Fluctuations in the availability and quality of raw honey can significantly impact production costs and product consistency.
  • Regulatory Compliance. The company must adhere to stringent food safety and quality standards in both domestic and international markets.
  • Competitive Pressure. The food products sector is highly fragmented, with intense competition from both established FMCG players and unorganised local vendors.
  • Franchise Execution Risk. The successful scaling of the Wezel's Pretzels franchise depends on effective operational management and consumer acceptance in the Indian market.

Price

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Key Metrics

REVENUE

₹391 Cr

TTM · consolidated

+14.1%YoY

NET PROFIT

₹24 Cr

TTM · consolidated

+3.5%YoY

EPS

₹18.49

TTM · consolidated

-55.2%YoY

RETURN ON EQUITY

13.3%

TTM · consolidated

+0.0 ppYoY

P/E

2.9x

Q4 FY26 · consolidated

2.9 vs 2.7x5Y avg

EV/EBITDA

2.2x

Q4 FY26 · consolidated

2.2 vs 3.6x5Y avg

EBITDA MARGIN

10.6%

TTM · consolidated

+0.1 ppYoY

NET PROFIT MARGIN

10.6%

Q4 FY26 · consolidated

+1.6 ppYoY

DEBT TO EQUITY

0.3x

Q4 FY26 · consolidated

-0.06xYoY

Peers · Other Food Products

CompanyMkt Cap (Cr)P/EEV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
Apis IndiaAPIS
7912.902.1714.1%10.6%13.3%19.5%-83.5%
Orkla India Ltd.ORKLAINDIA
8,09617.0%
Manorama Industries LimitedMANORAMA
7,53944.3228.7926.5%41.9%59.9%+0.3%
Krishival FoodsKRISHIVAL
84440.3622.9413.4%14.8%18.7%+0.3%
NutricircleNUTRICIRCLE
417982.761393.67555.0%1.7%4.9%4.3%
Pajson AgroPAJSON
40514.0%

As of Q4 FY26

Financials