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Apex Frozen Foods Ltd.
(APEX)
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Rating:62Neutral
Price Target:
₹404.00
▲(31.28% Upside)
Action:Reiterated
Date:06/02/26
The score is primarily supported by the strong FY2026 financial recovery (higher profitability, much stronger cash generation, and very low leverage). Offsetting this are weaker near-term technicals and a relatively expensive valuation with low dividend yield.
Positive Factors
Profitability Recovery
The sharp margin recovery indicates improved pricing, product mix, and/or cost control. If sustained, higher profitability can strengthen reinvestment capacity and improve resilience across the seafood cycle.
Negative Factors
Earnings Volatility
The sharp variation in margins across years suggests profitability remains sensitive to shrimp prices, procurement costs, product mix, and export conditions. This limits confidence that FY2026 gains will persist through the cycle.
Read all positive and negative factors
Positive Factors
Negative Factors
Profitability Recovery
The sharp margin recovery indicates improved pricing, product mix, and/or cost control. If sustained, higher profitability can strengthen reinvestment capacity and improve resilience across the seafood cycle.
Read all positive factors
Apex Frozen Foods Ltd. (APEX) vs. iShares MSCI India ETF (INDA)
Market Cap
₹11.90B
Dividend Yield0.53%
Average Volume (3M)27.31K
Price to Earnings (P/E)22.8
Beta (1Y)1.80
Revenue Growth4.37%
EPS Growth460.62%
CountryIN
Employees3,168
SectorGeneral
Sector StrengthN/A
IndustryAgricultural Farm Products
Share Statistics
EPS (TTM)12.43
Shares Outstanding31,250,000
10 Day Avg. Volume26,704
30 Day Avg. Volume27,312
Financial Highlights & Ratios
PEG Ratio0.03
Price to Book (P/B)2.15
Price to Sales (P/S)1.22
P/FCF Ratio13.24
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)40.5
Revenue Forecast (FY)₹13.84B
Apex Frozen Foods Ltd. Business Overview & Revenue Model
Company Description
Apex Frozen Foods Limited specializes in the cultivation, processing, manufacture, and distribution of shrimp products. The company offers a diverse range of ready-to-cook white leg and black tiger shrimp varieties. Their extensive product portfol...
How the Company Makes Money
APEX primarily makes money by selling processed and frozen shrimp/seafood products, with revenues largely driven by export sales to international buyers (e.g., importers, distributors, retailers, and foodservice customers). Its revenue model is ba...
Apex Frozen Foods Ltd. Financial Statement Overview
Summary
Income Statement
63
Positive
Balance Sheet
80
Positive
Cash Flow
72
Positive
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 9.31B | 8.14B | 7.59B | 10.11B | 8.95B |
| Gross Profit | 2.78B | 1.64B | 1.58B | 2.22B | 2.39B |
| EBITDA | 728.70M | 297.30M | 435.41M | 847.66M | 909.18M |
| Net Income | 388.48M | 38.77M | 145.99M | 358.74M | 410.75M |
Balance Sheet | |||||
| Total Assets | 5.93B | 6.13B | 6.33B | 6.14B | 6.78B |
| Cash, Cash Equivalents and Short-Term Investments | 185.27M | 52.28M | 98.64M | 16.20M | 9.68M |
| Total Debt | 56.77M | 726.50M | 1.07B | 905.80M | 1.68B |
| Total Liabilities | 645.92M | 1.19B | 1.36B | 1.24B | 2.09B |
| Stockholders Equity | 5.28B | 4.94B | 4.97B | 4.90B | 4.68B |
Cash Flow | |||||
| Free Cash Flow | 856.61M | 389.84M | -10.34M | 985.03M | 249.08M |
| Operating Cash Flow | 923.04M | 437.87M | 111.61M | 1.21B | 355.43M |
| Investing Cash Flow | -57.37M | -25.90M | -82.74M | -217.98M | -104.80M |
| Financing Cash Flow | -733.08M | -419.91M | -15.58M | -987.35M | -267.39M |
Apex Frozen Foods Ltd. Technical Analysis
Negative
307.75
Price Trends
391.98
Negative
418.78
Negative
372.50
Positive
Market Momentum
-2.66
Positive
41.76
Neutral
6.54
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:APEX, the sentiment is Negative. The current price of 307.75 is below the 20-day moving average (MA) of 388.34, below the 50-day MA of 391.98, and below the 200-day MA of 372.50, indicating a neutral trend. The MACD of -2.66 indicates Positive momentum. The RSI at 41.76 is Neutral, neither overbought nor oversold. The STOCH value of 6.54 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:APEX.
Apex Frozen Foods Ltd. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | ₹23.99B | 13.40 | ― | 0.67% | 18.28% | 202.80% | |
63 Neutral | ₹118.38B | 28.18 | ― | 1.92% | 8.58% | -1.86% | |
62 Neutral | ₹11.90B | 22.78 | ― | 0.72% | 4.37% | 460.62% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
54 Neutral | ₹2.62B | 24.32 | ― | ― | -13.44% | -3.06% | |
45 Neutral | ₹73.19M | -0.91 | ― | ― | -58.09% | -230.13% | |
42 Neutral | ₹894.61M | 1,029.96 | ― | ― | -11.76% | ― |
* General Sector Average
IN:APEX
Apex Frozen Foods Ltd.
375.05
154.54
70.08%
IN:GODREJAGRO
Godrej Agrovet Limited
654.05
-68.46
-9.48%
IN:SAKUMA
Sakuma Exports Limited
1.62
-1.07
-39.78%
IN:SHANTI
Shanti Overseas (India) Ltd.
6.35
-3.04
-32.37%
IN:UMAEXPORTS
Uma Exports Ltd.
25.94
-24.41
-48.48%
IN:VENKEYS
Venky's (India) Limited
1,647.10
132.75
8.77%
Apex Frozen Foods Ltd. Corporate Events
Apex Frozen Foods Publishes Q1 FY27 Earnings Call Transcript
Aug 22, 2026
Apex Frozen Foods Limited has released the transcript of its Q1 FY27 earnings conference call held on August 18, 2026, detailing highlights of its unaudited financial results for the quarter ended June 30, 2026. The company noted that the informat...
Apex Frozen Foods Posts Q1 FY2026 Call Recording for Investors
Aug 18, 2026
Apex Frozen Foods Ltd. operates in the seafood processing industry, focusing on frozen shrimp and related aquatic food products for export and domestic markets. The company is listed on both the Bombay Stock Exchange and the National Stock Exchang...
Apex Frozen Foods Promoters Retain 72.62% Stake With No Encumbrance in FY26
Jun 2, 2026
Apex Frozen Foods Ltd. has informed the stock exchanges that its promoters, their relatives, and persons acting in concert collectively held 2,26,94,057 equity shares, representing 72.62% of the company’s equity, as of 31 March 2026. The com...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.