About
APIS India Limited engages in testing, processing, and filtration of honey in India. It offers honey under the APIS Himalaya brand. The company provides honey, such as acacia, eucalyptus, himalaya honey, lychee, sunflower and wild flower forest, lemon infused, ginger honey, and chilly honey; green tea; spicelicious pickles, such as green chilli, lime, mango tang, mixed veggies, and red stuff; preserves; dates, such as premium seeded, royal zahidi, arabian pearls, shahana, deseeded, nayaab, desert bliss, classic, kalmi, and select dates; fruitilicious jam; macaroni; soya chunks; corn flakes; choco flakes; ginger garlic paste; thin roasted seviyan vermicelli; saffron; peanut butter; chocolate spread; and organic honey under the Apis brand. It also exports its products. The company was formerly known as eWeb Univ Limited. APIS India Limited was founded in 1924 and is headquartered in New Delhi, India.
Key Metrics
as of Sep 2026Market Cap726 Cr
P/E28.70
Div Yield0.00 %
Book Value₹14.40
52w High₹110.00
52w Low₹20.10
Face Value₹10.00
Quarterly Results
Rs. Crores · hover row for definition| Metric | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 | Mar 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 98.00 | 110.00 | 96.00 | 87.00 | 90.00 | 93.00 | 80.00 | 87.00 | 79.00 | 79.00 | 79.00 | 79.00 | 77.00 |
| Expenses | 90.00 | 99.00 | 85.00 | 80.00 | 79.00 | 84.00 | 72.00 | 80.00 | 73.00 | 66.00 | 72.00 | 71.00 | 71.00 |
| Operating Profit | 8.00 | 10.00 | 11.00 | 7.00 | 11.00 | 9.00 | 9.00 | 7.00 | 6.00 | 13.00 | 7.00 | 8.00 | 6.00 |
| OPM % | 8.00 | 9.00 | 11.00 | 8.00 | 12.00 | 9.00 | 11.00 | 8.00 | 7.00 | 16.00 | 9.00 | 11.00 | 8.00 |
| Other Income | 4.00 | 0.00 | 0.00 | 1.00 | 1.00 | 1.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.00 | 0.00 | 1.00 |
| Depreciation | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 0.00 | 1.00 | 0.00 | 1.00 |
| Interest | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 2.00 | 1.00 | 1.00 | 2.00 | 2.00 |
| Profit before tax | 9.00 | 8.00 | 9.00 | 6.00 | 9.00 | 7.00 | 7.00 | 6.00 | 4.00 | 12.00 | 6.00 | 6.00 | 4.00 |
| Tax % | 20.00 | 29.00 | 25.00 | 30.00 | 26.00 | 28.00 | 24.00 | 29.00 | 55.00 | 0.00 | 30.00 | 29.00 | 78.00 |
| Net Profit | 10.00 | 4.00 | 7.00 | 3.00 | 8.00 | 5.00 | 7.00 | 5.00 | 3.00 | 16.00 | 5.00 | 9.00 | 6.00 |
| EPS in Rs | 0.75 | 0.28 | 0.51 | 0.18 | 0.59 | 0.38 | 0.49 | 0.38 | 0.22 | 1.13 | 0.37 | 0.65 | 0.42 |
Profit & Loss
Annual · Rs. Crores| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Sales | 391.00 | 350.00 | 316.00 | 332.00 | 295.00 | 272.00 | 209.00 | 224.00 | 182.00 |
| Expenses | 355.00 | 315.00 | 282.00 | 310.00 | 276.00 | 257.00 | 198.00 | 206.00 | 163.00 |
| Operating Profit | 36.00 | 36.00 | 34.00 | 22.00 | 19.00 | 15.00 | 11.00 | 18.00 | 20.00 |
| OPM % | 9.00 | 10.00 | 11.00 | 7.00 | 6.00 | 6.00 | 5.00 | 8.00 | 11.00 |
| Other Income | 6.00 | 2.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 0.00 | 1.00 |
| Interest | 4.00 | 5.00 | 6.00 | 8.00 | 7.00 | 5.00 | 5.00 | 3.00 | 2.00 |
| Depreciation | 5.00 | 4.00 | 2.00 | 3.00 | 3.00 | 2.00 | 3.00 | 3.00 | 2.00 |
| Profit before tax | 32.00 | 29.00 | 27.00 | 13.00 | 9.00 | 8.00 | 4.00 | 12.00 | 16.00 |
| Tax % | 25.00 | 26.00 | 20.00 | 43.00 | 38.00 | 38.00 | 43.00 | 26.00 | 31.00 |
| Net Profit | 25.00 | 25.00 | 33.00 | 18.00 | 8.00 | 6.00 | 3.00 | 11.00 | 12.00 |
| EPS in Rs | 1.84 | 1.84 | 2.36 | 1.32 | 0.58 | 0.46 | 0.24 | 0.77 | 0.87 |
| Dividend Payout % | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Balance Sheet
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 138.00 | 6.00 | 6.00 | 6.00 | 6.00 | 6.00 | 6.00 | 6.00 | 6.00 |
| Reserves | 61.00 | 168.00 | 142.00 | 110.00 | 92.00 | 79.00 | 74.00 | 70.00 | 60.00 |
| Borrowings | 67.00 | 66.00 | 60.00 | 75.00 | 104.00 | 85.00 | 65.00 | 66.00 | 55.00 |
| Other Liabilities | 43.00 | 48.00 | 56.00 | 62.00 | 56.00 | 61.00 | 54.00 | 42.00 | 34.00 |
| Total Liabilities | 308.00 | 288.00 | 265.00 | 253.00 | 257.00 | 231.00 | 198.00 | 184.00 | 154.00 |
| Fixed Assets | 21.00 | 15.00 | 13.00 | 12.00 | 14.00 | 14.00 | 14.00 | 14.00 | 14.00 |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.00 | 3.00 | 2.00 | 1.00 |
| Investments | 41.00 | 40.00 | 36.00 | 25.00 | 14.00 | 12.00 | 10.00 | 2.00 | 1.00 |
| Other Assets | 246.00 | 233.00 | 215.00 | 215.00 | 229.00 | 203.00 | 171.00 | 165.00 | 138.00 |
| Total Assets | 308.00 | 288.00 | 265.00 | 253.00 | 257.00 | 231.00 | 198.00 | 184.00 | 154.00 |
Cash Flows
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 14.00 | 6.00 | -3.00 | 18.00 | 12.00 | -5.00 | 16.00 | 5.00 | 12.00 |
| Cash from Investing Activity | -6.00 | 0.00 | 8.00 | -9.00 | -4.00 | 2.00 | -9.00 | -7.00 | -8.00 |
| Cash from Financing Activity | -8.00 | -6.00 | -6.00 | -10.00 | -6.00 | 2.00 | -5.00 | -7.00 | -1.00 |
| Net Cash Flow | 0.00 | 0.00 | -1.00 | -1.00 | 2.00 | -1.00 | 1.00 | -8.00 | 4.00 |
| Free Cash Flow | 8.00 | 3.00 | -7.00 | 16.00 | 10.00 | -4.00 | 13.00 | 3.00 | 5.00 |
| CFO/OP % | 68.00 | 42.00 | 5.00 | 104.00 | 80.00 | -13.00 | 149.00 | 44.00 | 61.00 |
Ratios
Annual · Days / % — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 122.00 | 120.00 | 98.00 | 86.00 | 105.00 | 79.00 | 80.00 | 77.00 | 75.00 |
| Inventory Days | 126.00 | 131.00 | 178.00 | 153.00 | 213.00 | 236.00 | 312.00 | 232.00 | 178.00 |
| Days Payable | 41.00 | 55.00 | 73.00 | 73.00 | 81.00 | 87.00 | 133.00 | 107.00 | 86.00 |
| Cash Conversion Cycle | 207.00 | 196.00 | 203.00 | 166.00 | 238.00 | 227.00 | 259.00 | 201.00 | 167.00 |
| Working Capital Days | 130.00 | 126.00 | 114.00 | 74.00 | 83.00 | 84.00 | 81.00 | 83.00 | 77.00 |
| ROCE % | 15.00 | 14.00 | 16.00 | 10.00 | 9.00 | 8.00 | 6.00 | 12.00 | — |
Corporate Actions
2 records| Action | Ex Date | Record Date | Ratio | Amount (₹) | Notes |
|---|---|---|---|---|---|
| Bonus | 05 Dec 2025 | 05 Dec 2025 | 24:1 | — | |
| Bonus | 10 Dec 2010 | 17 Dec 2010 | 323:100 | — |
Announcements
5 filingsShareholding Pattern
Open on BSEFinancial Results — Filings
Open on BSEBoard Filings
Open on BSEAnnual Reports
Credit Ratings
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Rating update5 Aug from care
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Rating update26 Feb from crisil
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Rating update19 Nov 2025 from crisil
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Rating update28 Aug 2025 from brickwork
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Rating update1 Aug 2025 from care
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Rating update30 Sep 2024 from crisil