Apex Frozen Foods Ltd. (APEX) AI Stock Analysis

• Market Cap: ₹6.86B
• Dividend Yield: 0.91%
• Average Volume (3M): 12.82K
• Price to Earnings (P/E): 75.7
• Beta (1Y): 1.39
• Revenue Growth: 18.85%
• EPS Growth: -37.83%
• Country: IN
• Employees: 2,917
• Sector: Consumer Defensive
• Sector Strength: 45
• Industry: Agricultural Farm Products
• EPS (TTM): 2.91
• Shares Outstanding: 31,250,000
• 10 Day Avg. Volume: 9,458
• 30 Day Avg. Volume: 12,817
• 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: ₹241.00
• Price Target Upside: 9.72% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 0

• Rating: 57 Neutral
• Price Target: ₹241.00 ▲(9.72% Upside)

Apex Frozen Foods Ltd. faces challenges with declining profitability and overvaluation concerns, as reflected in its high P/E ratio. While the company maintains a strong balance sheet and improving cash flows, the technical indicators suggest potential bearish momentum. Investors should be cautious given the operational inefficiencies and lack of growth catalysts.

Apex Frozen Foods Ltd. Business Overview & Revenue Model

Company Description

Apex Frozen Foods Ltd. (APEX) is an Indian company engaged in the business of aquaculture and the processing of shrimp. The company operates in the seafood industry, focusing on producing and exporting a wide range of processed and packaged shrimp products. APEX primarily serves international markets, including the United States, Europe, and other countries, adhering to stringent quality standards and certifications.

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: 219.65
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• 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 Negative. The current price of 219.65 is below the 20-day moving average (MA) of 228.01, below the 50-day MA of 237.17, and below the 200-day MA of 231.89, indicating a bearish trend. The MACD of -5.36 indicates Positive momentum. The RSI at 40.78 is Neutral, neither overbought nor oversold. The STOCH value of 51.25 is Neutral, 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
SKMEGGPROD	67 Neutral	₹9.42B	24.28		0.42%	-8.71%	-37.70%
MAGADSUGAR	65 Neutral	₹8.02B	8.25		2.19%	12.18%	-12.51%
Sector *	63 Neutral	$20.50B	14.76	-2.72%	3.09%	1.90%	-4.74%
APEX	57 Neutral	₹6.86B	75.71		0.91%	18.85%	-37.83%
FOODSIN	54 Neutral	₹6.65B	15.75		0.33%	1.27%	8.34%
KRISHIVAL	―	₹10.06B	―		―	―	―
SARVESHWAR	55 Neutral	₹9.31B	25.18		―	31.65%	-2.15%