Apis India (BOM:506166) Operating Income: ₹311 Mil (TTM As of Mar. 2026)

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BOM:506166 Apis India Ltd BOM:506166
63 GF Score
Price ₹54.52
GF Value ₹13.13
Valuation Significantly Overvalued
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What is Apis India Operating Income?

Apis India BOM:506166 -2.07% 63 Operating Income is ₹311 Mil as of Mar. 2026. GuruFocus rates BOM:506166 with a GF Score™ of 63/100 and a GF Value™ of ₹13.13 (Significantly Overvalued).

Apis India's Operating Income for the three months ended in Mar. 2026 was ₹63 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was ₹311 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Apis India's Operating Income for the three months ended in Mar. 2026 was ₹63 Mil. Apis India's Revenue for the three months ended in Mar. 2026 was ₹979 Mil. Therefore, Apis India's Operating Margin % for the quarter that ended in Mar. 2026 was 6.48%.

Good Sign:

Apis India Ltd operating margin is expanding. Margin expansion is usually a good sign.

Apis India's 5-Year average Growth Rate for Operating Margin % was 15.70% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Apis India's annualized ROC % for the quarter that ended in Mar. 2026 was 7.21%. Apis India's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 19.05%.


Apis India  (BOM:506166) Operating Income Explanation

1. Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Apis India's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=253.604 * ( 1 - 20.16% )/( (0 + 2809.427)/ 1 )
=202.4774336/2809.427
=7.21 %

where

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=3080.917 - 264.953 - ( 6.537 - max(0, 989.568 - 2390.606+6.537))
=2809.427

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

Apis India's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=415.744/( ( (0 + max(0, 0)) + (205.433 + max(1976.922, 0)) )/ 1 )
=415.744/( ( 0 + 2182.355 )/ 1 )
=415.744/2182.355
=19.05 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0) - (0 + 0 + 0)
=0

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1307.238 + 813.451 + 263.38) - (264.953 + 0 + 142.194)
=1976.922

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. Operating Income is also linked to Operating Margin %:

Apis India's Operating Margin % for the quarter that ended in Mar. 2026 is calculated as:

Operating Margin %=Operating Income (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=63.401/978.898
=6.48 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

4. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Operating Income growth rate using Operating Income per share data.


Be Aware

Compared with a company's EBITDA margin, Operating Margin can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin may decline. Often the Operating Margin declines well before the company's revenue or even profit decline. Therefore, Operating Margin is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia's Operating Margin had already been in decline since 2002, although its earnings per share were still rising. Investors who paid attention to Operating Margin would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.


Apis India Operating Income Related Terms


Apis India Operating Income Historical Data

* Premium members only.

The historical data trend for Apis India's Operating Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Apis India Operating Income Chart

Apis India Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 128.45 177.42 315.81 297.16 310.88

Apis India Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Operating Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 95.83 58.31 98.83 90.31 63.40
BOM:506166
63GF Score
Apis India Ltd BOM:506166
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Apis India Operating Income Calculation

Operating Income, is the profit a company earned through operations. All expenses, including cash expenses such as cost of goods sold (COGS), research & development, wages, and non-cash expenses, such as depreciation, depletion and amortization, have been deducted from the sales.

Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹311 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Operating Income →
What does a Operating Income of ₹311 Mil mean?
Apis India (BOM:506166) has a Operating Income of ₹311 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Apis India and its competitors.
Is Apis India's Operating Income too high?
Apis India's current Operating Income is ₹311 Mil. Overall, Apis India has a GF Score™ of 63/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Apis India's Operating Income compare to KHC and GIS?
Apis India's Operating Income of ₹311 Mil can be compared against companies in the Consumer Packaged Goods industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Income for a Consumer Packaged Goods company?
A good Operating Income depends on the Consumer Packaged Goods industry context. However, Operating Income should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Operating Income mean?
A high Operating Income can signal that a stock is expensive relative to its fundamentals. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Apis India and its competitors. Apis India's current Operating Income is ₹311 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Apis India stock overvalued right now?
Based on GuruFocus' analysis, Apis India (BOM:506166) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹13.13, compared to a current price of ₹54.52 — trading 315.2% above its estimated fair value. The current Operating Income is ₹311 Mil. Apis India's overall GF Score™ is 63/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Income calculated?
Operating Income is calculated from a company's financial statements. For Apis India (BOM:506166), the current Operating Income is ₹311 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Apis India (BOM:506166) Overvalued in 2026?

Based on GuruFocus' analysis, Apis India stock appears to be overvalued. The current stock price of ₹54.52 is trading 315.2% above its estimated GF Value™ of ₹13.13. GuruFocus considers Apis India to be Significantly Overvalued.

Key valuation signals for BOM:506166:

  • Operating Income: ₹311 Mil
  • GF Value™: ₹13.13 vs. price of ₹54.52 (315.2% above fair value)
  • GF Score™: 63/100

No single metric tells the full story. See the BOM:506166 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Apis India Business Description

Address 18/32, East Patel Nagar, New Delhi, IND, 110 008
Apis India Ltd is a honey manufacturing company. The company has in-house facilities for testing, lab, processing, and filtration of honey. The company's product profile consists of Dates, Green tea, Honey, Pickles and Jam, among others. The company sells its products in India and also exports them to other countries, of which key income is earned in India.
63GF Score

Get the complete analysis for BOM:506166

Operating Income is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹54.52
Price
₹13.13
GF Value