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Apex Frozen Foods Ltd.
(APEX)
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Rating:62Neutral
Price Target:
₹410.00
▲(33.23% 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
Balance-sheet strength and low leverage
Very low net leverage (debt-to-equity ~0.01 in FY2026) materially reduces refinancing and interest-rate risk, giving management flexibility to fund working capital, invest in processing/cold-chain, or return capital. This durable strength improves resilience across cycles.
Negative Factors
Multi-year earnings & cash-flow volatility
Historic volatility—sharp FY2025 profit compression, negative FCF in FY2024 and choppy cash flow—reduces predictability of earnings and capital needs. This cyclical earnings pattern complicates planning for capacity, working capital and consistent shareholder returns over time.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance-sheet strength and low leverage
Very low net leverage (debt-to-equity ~0.01 in FY2026) materially reduces refinancing and interest-rate risk, giving management flexibility to fund working capital, invest in processing/cold-chain, or return capital. This durable strength improves resilience across cycles.
Read all positive factors
Apex Frozen Foods Ltd. (APEX) vs. iShares MSCI India ETF (INDA)
Market Cap
₹13.30B
Dividend Yield0.47%
Average Volume (3M)27.56K
Price to Earnings (P/E)25.7
Beta (1Y)1.77
Revenue Growth5.45%
EPS Growth460.56%
CountryIN
Employees3,168
SectorGeneral
Sector StrengthN/A
IndustryAgricultural Farm Products
Share Statistics
EPS (TTM)12.43
Shares Outstanding31,250,000
10 Day Avg. Volume4,326
30 Day Avg. Volume27,564
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 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 9.31B | 8.14B | 10.11B | 8.95B | 7.98B |
| Gross Profit | 2.78B | 1.64B | 2.22B | 2.39B | 1.58B |
| EBITDA | 728.70M | 297.30M | 847.66M | 909.18M | 984.63M |
| Net Income | 388.48M | 38.77M | 358.74M | 410.75M | 442.85M |
Balance Sheet | |||||
| Total Assets | 5.93B | 6.13B | 6.14B | 6.78B | 6.57B |
| Cash, Cash Equivalents and Short-Term Investments | 185.27M | 52.28M | 16.20M | 9.68M | 347.34M |
| Total Debt | 56.77M | 726.50M | 905.80M | 1.68B | 1.68B |
| Total Liabilities | 645.92M | 1.19B | 1.24B | 2.09B | 2.17B |
| Stockholders Equity | 5.28B | 4.94B | 4.90B | 4.68B | 4.40B |
Cash Flow | |||||
| Free Cash Flow | 856.61M | 389.84M | 985.03M | 249.08M | 3.31M |
| Operating Cash Flow | 923.04M | 437.87M | 1.21B | 355.43M | 129.20M |
| Investing Cash Flow | -57.37M | -25.90M | -217.98M | -104.80M | -140.08M |
| Financing Cash Flow | -733.08M | -419.91M | -987.35M | -267.39M | 37.49M |
Apex Frozen Foods Ltd. Technical Analysis
Positive
307.75
Price Trends
397.13
Positive
417.77
Positive
364.23
Positive
Market Momentum
-0.13
Negative
63.23
Neutral
58.64
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 307.75 is below the 20-day moving average (MA) of 383.62, below the 50-day MA of 397.13, and below the 200-day MA of 364.23, indicating a bullish trend. The MACD of -0.13 indicates Negative momentum. The RSI at 63.23 is Neutral, neither overbought nor oversold. The STOCH value of 58.64 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
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | ₹21.52B | 12.44 | ― | 0.67% | 18.28% | 202.80% | |
63 Neutral | ₹111.39B | 25.71 | ― | 1.92% | 8.58% | -1.86% | |
62 Neutral | ₹13.30B | 25.69 | ― | 0.72% | 5.45% | 460.56% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
52 Neutral | ₹2.56B | 24.02 | ― | ― | -13.44% | -3.06% | |
43 Neutral | ₹69.08M | -0.93 | ― | ― | -58.09% | -230.13% | |
42 Neutral | ₹748.21M | 86.92 | ― | ― | -11.76% | ― |
* General Sector Average
IN:APEX
Apex Frozen Foods Ltd.
422.15
182.44
76.11%
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1.60
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IN:VENKEYS
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1,529.25
124.90
8.89%
Apex Frozen Foods Ltd. Corporate Events
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.