A massive 24:1 bonus share plan arrives as Apis India posts solid financial growth and multi-year returns.
The 24:1 bonus share announcement by Apis India has sparked fresh intrest among market watchers, especially as the company has also delivered one of the strongest multi-period returns in the FMCG small-cap segment. The bonus issue, approved through a postal ballot, grants shareholders 24 fully paid-up equity shares of ₹10 each for every 1 existing share. This marks the firm’s second such bonus action, with the last one rolled out in December 2010 at a ratio of 323:100. The company has fixed December 05, 2025 as the record date for determining eligible shareholders.
Apis India, well known for its honey portfolio and expanding packaged–foods presence, has also reported consistent growth across domestic and export markets. With a market cap of ₹604.95 crore and a price range between ₹1,097.90 (52-week high) and ₹280.40 (52-week low), the stock has moved sharply in the past year, supported by business expansion, improved product distribution, and rising brand visibility.
Quarterly Financial Performance (Q2 FY26 vs Q2 FY25 – YoY)
| Metric | Q2 FY26 | Q2 FY25 | YoY Change |
|---|---|---|---|
| Net Profit | ₹7.08 cr | ₹6.71 cr | +5.5% |
| Revenue from Operations | ₹96.25 cr | ₹80.40 cr* | +19.7% |
| Total Income | ₹96.63 cr | ₹80.60 cr* | +19.9% |
| Total Expenses | ₹87.16 cr | ₹75.35 cr* | +15.7% |
| Profit Before Tax | ₹9.46 cr | ₹7.05 cr* | +34.2% |
| EPS | ₹12.85 | ₹12.18 | Improved |
*Values inferred from percentage changes reported.
QoQ Discussion
The company has not disclosed Q1 FY26 numbers in the provided data, so a proper QoQ comparison can’t be made. But demand improvements, distribution expansion, and stable export interest seem to have pushed operational strength into Q2 FY26.
Apis India continues to build a strong presence not just in honey but also in dates, tea, jams, and other processed-food categories. The brand has diversified its revenue sources with growing export operations and its business unit in Dubai. Manufacturing units in India, including a processing facility in Roorkee, Uttarakhand, support both domestic and international supply chains.
The company’s stock performance has been nothing short of remarkable. Past one-year returns stand at 311.12%, with a 6-month rise of 272.93%, a 3-month surge of 140.53%, and a monthly gain of 21.54%. Even in the past week, momentum stayed positive at 5%. Long-term performance continues to stand out, with 1,373.69% returns in two years, 4,372.10% in three, and 5,866.85% over five years. These numbers reflect how its valuation has expanded significantly alongside its business footprint.
Apis India’s earlier bonus issue in 2010 and this new 24:1 announcement highlight a pattern of corporate actions aimed at widening shareholder participation. Export operations in Dubai provide advantage in Middle-Eastern markets, while domestic plants ensure better supply-chain control. The expanding product mix and brand visibility place the company increasingly deeper in the competitive FMCG sector.
Here is a simple table of contents for easier reading:
Table of Contents
• Overview of 24:1 Bonus Issue
• Financial Performance Summary
• Stock Price Movements
• Business Operations and Product Portfolio
• Manufacturing and Export Details
• Long-Term Return Overview
• Closing Remarks
Closing Remark
The bonus issue and the company’s steady financial improvement have drawn wide attention, but much of Apis India’s long-term momentum seems tied to its growing product lines and its strong presence in the honey segment. With operations spread across domestic and international regions, the company keeps adjusting to changing FMCG demand patterns. The upcoming quarters will show how well this momentum carries forward, though the corporate action and recent performance numbers have already placed the stock in the spotlight.
