Apex Frozen Foods Ltd. (APEX) AI Stock Analysis

• Market Cap: ₹7.07B
• Dividend Yield: 0.88%
• Average Volume (3M): 29.95K
• Price to Earnings (P/E): 77.1
• Beta (1Y): 1.47
• 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: 12,193
• 30 Day Avg. Volume: 29,955
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• 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: ₹243.00
• Price Target Upside: 8.43% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 60 Neutral
• Price Target: ₹243.00 ▲(8.43% Upside)

Apex Frozen Foods Ltd. has a moderate overall stock score driven by a strong balance sheet and improving cash flows. However, the high P/E ratio indicates overvaluation, and technical indicators suggest neutral market momentum. Addressing declining profitability and operational inefficiencies is crucial for future performance.

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 Ltd. generates revenue primarily through the farming, processing, and export of shrimp products. The company cultivates shrimp in its own aquaculture farms and processes them in its state-of-the-art facilities to meet various international quality standards. APEX's key revenue streams include the sale of processed shrimp products to international markets, with a significant portion of its revenues derived from exports to the United States, which is one of the largest consumers of shrimp. The company benefits from strategic partnerships and established distribution networks, which help in maintaining its market share and expanding its customer base globally. Additionally, APEX's focus on maintaining high-quality standards and sustainable farming practices contributes to its competitive advantage and profitability in the seafood industry.

Apex Frozen Foods Ltd. Financial Statement Overview

Summary

Apex Frozen Foods Ltd. demonstrates financial resilience with a strong balance sheet and improving cash flows. However, declining revenue and profitability margins indicate operational challenges that need addressing.

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 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	7.53B	8.14B	7.59B	10.11B	8.95B	7.98B
Gross Profit	1.74B	1.64B	1.58B	2.22B	2.39B	1.58B
EBITDA	239.09M	297.30M	435.41M	847.66M	909.18M	984.63M
Net Income	15.52M	38.77M	145.99M	358.74M	410.75M	442.85M
Balance Sheet
Total Assets	0.00	6.13B	6.33B	6.14B	6.78B	6.57B
Cash, Cash Equivalents and Short-Term Investments	105.28M	52.28M	98.64M	132.45M	25.23M	26.44M
Total Debt	0.00	726.50M	1.07B	905.80M	1.67B	1.68B
Total Liabilities	-4.93B	1.19B	1.36B	1.24B	2.09B	2.17B
Stockholders Equity	4.93B	4.94B	4.97B	4.90B	4.68B	4.40B
Cash Flow
Free Cash Flow	0.00	389.84M	-10.34M	985.03M	249.08M	3.31M
Operating Cash Flow	0.00	437.87M	111.61M	1.21B	355.43M	129.20M
Investing Cash Flow	0.00	-25.90M	-82.74M	-217.98M	-107.26M	-140.08M
Financing Cash Flow	0.00	-419.91M	-15.58M	-987.35M	-267.39M	37.49M

Apex Frozen Foods Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 224.10
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: 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 224.1 is below the 20-day moving average (MA) of 232.77, below the 50-day MA of 232.86, and below the 200-day MA of 229.92, indicating a bearish trend. The MACD of 0.03 indicates Positive momentum. The RSI at 42.95 is Neutral, neither overbought nor oversold. The STOCH value of 6.76 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
MAGADSUGAR	72 Outperform	₹7.67B	7.81	13.12%	2.29%	12.18%	-12.51%
SKMEGGPROD	64 Neutral	₹8.37B	21.58	11.42%	0.47%	-8.71%	-37.70%
APEX	60 Neutral	₹7.07B	77.08	―	0.88%	18.85%	-37.86%
FOODSIN	54 Neutral	₹6.60B	15.70	7.78%	0.33%	1.27%	8.34%
SARVESHWAR	53 Neutral	₹7.53B	20.51	8.84%	―	31.65%	-2.86%
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%

Apex Frozen Foods Ltd. Corporate Events

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.