Apex Frozen Foods Ltd. (APEX) AI Stock Analysis

• Market Cap: ₹7.15B
• Dividend Yield: 0.8%
• Average Volume (3M): 27.56K
• Price to Earnings (P/E): 77.9
• Beta (1Y): 1.45
• Revenue Growth: 18.85%
• EPS Growth: -37.86%
• Country: IN
• Employees: 2,917
• Sector: Consumer Defensive
• Sector Strength: 42
• Industry: Agricultural Farm Products
• EPS (TTM): 2.90
• Shares Outstanding: 31,250,000
• 10 Day Avg. Volume: 4,326
• 30 Day Avg. Volume: 27,564
• PEG Ratio: -2.40
• Price to Book (P/B): 1.38
• Price to Sales (P/S): 0.84
• P/FCF Ratio: 17.55
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Hold
• Number of Analyst Covering: 0

• Rating: 62 Neutral
• Price Target: ₹263.00 ▲(5.84% Upside)

Apex Frozen Foods Ltd. has a solid financial foundation with a strong balance sheet and improving cash flows, but faces challenges with declining profitability and high valuation. The technical indicators suggest positive momentum, but caution is advised due to potential overbought conditions. The lack of earnings call data and corporate events limits further insights.

Apex Frozen Foods Ltd. Business Overview & Revenue Model

Company Description

Apex Frozen Foods Limited engages in the farming, processing, production, and sale of shrimps. The company provides ready-to-cook white leg and black tiger shrimps, which include head on and whole, headless and shell-on, easy peel, peeled, and cooked peeled & deveined-tail-on, cooked in shell, dusted and breaded, par-fried, butterfly, skewered, seasoned, peeled and deveined-tail-on, peeled and un-deveined-tail-on, peeled and deveined-tail-off, peeled and un-deveined, and peeled and deveined shrimps, as well as shrimp rings. It offers ready-to-cook products under Bay Fresh, Bay Harvest, and Bay Premium brand names to food companies, retail chains, restaurants, club stores, and distributors. The company exports its products to the United States, the European Union, and China. Apex Frozen Foods Limited was founded in 1995 and is based in Kakinada, India.

How the Company Makes Money

Apex Frozen Foods generates revenue primarily through the sale of its frozen seafood products, with shrimp being the core offering. The company's revenue model is based on exporting these products to various countries, capitalizing on the growing global demand for seafood. Key revenue streams include direct sales to distributors, wholesalers, and retailers, as well as partnerships with food service companies. Additionally, APEX may benefit from strategic collaborations with suppliers and logistics providers to enhance its supply chain efficiency, which can further contribute to its profitability. The company's adherence to quality and sustainability practices also helps in building brand loyalty, potentially leading to increased sales and revenue growth.

Apex Frozen Foods Ltd. Financial Statement Overview

Summary

Apex Frozen Foods Ltd. shows financial resilience with a strong balance sheet and improving cash flows. However, declining revenue and profitability margins pose challenges. The company needs to address operational inefficiencies and explore growth opportunities to enhance future financial performance.

Income Statement

Apex Frozen Foods Ltd. has shown fluctuating revenue over the years with a recent decline from 2023 to 2025. The gross profit margin stands at approximately 20.1% for 2025, with a declining trend in net profit margin from 5.3% in 2024 to 0.5% in 2025, indicating challenges in maintaining profitability. The EBIT and EBITDA margins have also decreased over the period, reflecting operational challenges.

Balance Sheet

The balance sheet shows a strong equity base with an equity ratio of approximately 80.6% in 2025, indicating financial stability. The debt-to-equity ratio has improved, suggesting effective debt management. However, the return on equity has declined from 2.9% in 2024 to 0.8% in 2025, highlighting reduced profitability on shareholder investments.

Cash Flow

Cash flow analysis reveals improved free cash flow in 2025, reversing a negative trend in 2024. Operating cash flow to net income ratio is healthy, suggesting efficient cash generation from operations. The free cash flow to net income ratio shows improvement, indicating better cash conservation strategies.

Breakdown	TTM	Dec 2025	Dec 2023	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	8.48B	8.14B	10.11B	7.59B	8.95B	7.98B
Gross Profit	1.96B	1.64B	2.22B	1.58B	2.39B	1.58B
EBITDA	370.82M	297.30M	847.66M	435.41M	909.18M	984.63M
Net Income	91.71M	38.77M	358.74M	145.99M	410.75M	442.85M
Balance Sheet
Total Assets	0.00	6.13B	6.14B	6.33B	6.78B	6.57B
Cash, Cash Equivalents and Short-Term Investments	52.28M	52.28M	16.20M	98.64M	9.68M	347.34M
Total Debt	0.00	726.50M	905.80M	1.07B	1.68B	1.68B
Total Liabilities	-4.94B	1.19B	1.24B	1.36B	2.09B	2.17B
Stockholders Equity	4.94B	4.94B	4.90B	4.97B	4.68B	4.40B
Cash Flow
Free Cash Flow	0.00	389.84M	985.03M	-10.34M	249.08M	3.31M
Operating Cash Flow	0.00	437.87M	1.21B	111.61M	355.43M	129.20M
Investing Cash Flow	0.00	-25.90M	-217.98M	-82.74M	-104.80M	-140.08M
Financing Cash Flow	0.00	-419.91M	-987.35M	-15.58M	-267.39M	37.49M

Apex Frozen Foods Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 248.50
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:APEX, the sentiment is Positive. The current price of 248.5 is above the 20-day moving average (MA) of 227.67, above the 50-day MA of 230.22, and above the 200-day MA of 227.81, indicating a bullish trend. The MACD of 0.89 indicates Negative momentum. The RSI at 67.02 is Neutral, neither overbought nor oversold. The STOCH value of 73.09 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:APEX.

Apex Frozen Foods Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
MAGADSUGAR	74 Outperform	₹7.70B	7.90	―	2.23%	12.18%	-12.51%
SKMEGGPROD	67 Neutral	₹9.28B	24.50	―	0.41%	-8.71%	-37.70%
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
APEX	62 Neutral	₹7.15B	77.93	―	0.80%	18.85%	-37.86%
FOODSIN	58 Neutral	₹5.94B	14.70	―	0.35%	1.27%	8.34%
SARVESHWAR	54 Neutral	₹6.36B	17.33	―	―	31.65%	-2.86%

Apex Frozen Foods Ltd. Corporate Events

Apex Frozen Foods Holds 13th AGM, Reports Stable Financials

Apex Frozen Foods Limited conducted its 13th Annual General Meeting (AGM) on September 29, 2025, via video conferencing in compliance with relevant regulations. The meeting, led by Executive Chairman K Satyanarayana Murthy, included a review of the company’s operations for the fiscal year 2024-25 and confirmed the issuance of an unqualified audit report on the financial statements, indicating a stable financial position.

Apex Frozen Foods Announces Record Date for Final Dividend

Apex Frozen Foods Ltd. has announced that the record date for determining shareholder entitlement to a final dividend for the financial year 2024-25 is set for September 19, 2025. The proposed dividend is 20%, equating to Rs. 2.00 per equity share, and is subject to shareholder approval at the upcoming Annual General Meeting, with payment expected by October 28, 2025. This announcement highlights the company’s commitment to returning value to its shareholders and may influence investor sentiment positively.

Apex Frozen Foods Announces Dividend Record Date and AGM Details

Apex Frozen Foods Ltd. has announced the record date for dividend entitlement and its 13th Annual General Meeting, scheduled for September 29, 2025. The book closure period will be from September 23 to September 29, 2025, during which shareholders’ eligibility for the 2024-25 dividend will be determined, pending shareholder approval.

Apex Frozen Foods Announces Book Closure for AGM and Dividend Entitlement

Apex Frozen Foods Ltd. has announced the closure of its Register of Members and Share Transfer Books from September 23 to September 29, 2025, to facilitate the 13th Annual General Meeting and determine shareholder entitlements for the 2024-25 dividend. This move is part of compliance with SEBI regulations and reflects the company’s ongoing commitment to shareholder engagement and corporate governance.

Apex Frozen Foods Releases Q1 Financial Call Recording

Apex Frozen Foods Ltd. has made available the audio recording of its Investors’ Conference Call concerning the un-audited financial results for the first quarter ending June 30, 2025. This announcement is part of the company’s compliance with regulatory requirements and aims to maintain transparency with stakeholders by providing insights into its financial performance.