Apex Frozen Foods Ltd
Incorporated in 1995, Apex Frozen Foods Ltd is in the business of processing and exporting of Shrimps[1]
- Market Cap ₹ 716 Cr.
- Current Price ₹ 229
- High / Low ₹ 324 / 179
- Stock P/E 185
- Book Value ₹ 158
- Dividend Yield 0.87 %
- ROCE 2.46 %
- ROE 0.78 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company has been maintaining a healthy dividend payout of 78.8%
Cons
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -0.33% over past five years.
- Company has a low return on equity of 3.66% over last 3 years.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Fast Moving Consumer Goods Fast Moving Consumer Goods Food Products Seafood
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
514 | 599 | 604 | 699 | 999 | 875 | 827 | 818 | 926 | 1,070 | 804 | 814 | |
482 | 566 | 563 | 654 | 889 | 785 | 740 | 728 | 840 | 987 | 763 | 788 | |
Operating Profit | 33 | 33 | 40 | 44 | 110 | 90 | 87 | 91 | 86 | 83 | 41 | 25 |
OPM % | 6% | 5% | 7% | 6% | 11% | 10% | 11% | 11% | 9% | 8% | 5% | 3% |
0 | 5 | 5 | 11 | 20 | 21 | 19 | 8 | 6 | 2 | 3 | 5 | |
Interest | 8 | 10 | 10 | 11 | 9 | 7 | 11 | 16 | 17 | 15 | 10 | 9 |
Depreciation | 5 | 0 | 5 | 6 | 9 | 11 | 15 | 22 | 19 | 19 | 15 | 15 |
Profit before tax | 20 | 28 | 30 | 37 | 113 | 94 | 81 | 61 | 56 | 51 | 20 | 6 |
Tax % | 34% | 34% | 35% | 33% | 30% | 35% | 25% | 27% | 27% | 29% | 25% | 31% |
13 | 18 | 19 | 25 | 79 | 61 | 61 | 44 | 41 | 36 | 15 | 4 | |
EPS in Rs | 6.71 | 7.65 | 8.03 | 10.47 | 25.31 | 19.46 | 19.40 | 14.17 | 13.14 | 11.48 | 4.67 | 1.24 |
Dividend Payout % | 0% | 0% | 0% | 10% | 8% | 10% | 0% | 14% | 19% | 22% | 54% | 161% |
Compounded Sales Growth | |
---|---|
10 Years: | 3% |
5 Years: | 0% |
3 Years: | -4% |
TTM: | 1% |
Compounded Profit Growth | |
---|---|
10 Years: | -14% |
5 Years: | -42% |
3 Years: | -54% |
TTM: | -73% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 0% |
3 Years: | -5% |
1 Year: | -6% |
Return on Equity | |
---|---|
10 Years: | 11% |
5 Years: | 6% |
3 Years: | 4% |
Last Year: | 1% |
Balance Sheet
Figures in Rs. Crores
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 20 | 24 | 24 | 24 | 31 | 31 | 31 | 31 | 31 | 31 | 31 | 31 |
Reserves | 18 | 32 | 51 | 85 | 271 | 324 | 365 | 409 | 437 | 459 | 466 | 463 |
79 | 90 | 79 | 110 | 85 | 108 | 163 | 168 | 167 | 91 | 107 | 73 | |
24 | 19 | 24 | 57 | 43 | 47 | 68 | 49 | 42 | 33 | 29 | 46 | |
Total Liabilities | 141 | 165 | 179 | 277 | 431 | 510 | 627 | 657 | 678 | 614 | 633 | 613 |
40 | 52 | 55 | 83 | 111 | 115 | 280 | 250 | 236 | 242 | 254 | 243 | |
CWIP | 0 | 0 | 8 | 1 | 21 | 116 | 3 | 15 | 22 | 18 | 4 | 4 |
Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
101 | 113 | 116 | 193 | 299 | 279 | 344 | 391 | 420 | 354 | 376 | 367 | |
Total Assets | 141 | 165 | 179 | 277 | 431 | 510 | 627 | 657 | 678 | 614 | 633 | 613 |
Cash Flows
Figures in Rs. Crores
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
9 | 12 | 37 | 14 | 33 | 49 | 58 | 13 | 36 | 121 | 11 | 50 | |
-17 | -12 | -16 | -29 | -58 | -114 | -44 | -14 | -10 | -22 | -8 | -2 | |
8 | -0 | -21 | 17 | 85 | 7 | -14 | 4 | -27 | -99 | -2 | -49 | |
Net Cash Flow | 0 | 0 | 0 | 3 | 60 | -58 | 1 | 3 | -2 | 1 | 1 | -1 |
Ratios
Figures in Rs. Crores
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 24 | 31 | 25 | 43 | 25 | 39 | 35 | 67 | 52 | 38 | 49 | 57 |
Inventory Days | 47 | 39 | 48 | 44 | 53 | 67 | 117 | 106 | 120 | 88 | 126 | 116 |
Days Payable | 15 | 9 | 13 | 21 | 14 | 20 | 29 | 20 | 12 | 8 | 7 | 16 |
Cash Conversion Cycle | 56 | 60 | 60 | 66 | 64 | 86 | 123 | 154 | 160 | 118 | 168 | 157 |
Working Capital Days | 52 | 55 | 52 | 69 | 66 | 87 | 113 | 145 | 145 | 101 | 151 | 140 |
ROCE % | 28% | 29% | 27% | 26% | 40% | 24% | 18% | 13% | 12% | 11% | 5% | 2% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
6 Jun - Submission of Transcript of Q4FY25 Earnings conference call held on 03rd June, 2025
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UPDATE ON FINANCIAL RESULTS-RECTIFICATION OF ERROR IN PREVIOUS YEAR DATA(FY -2023-24)
4 Jun - Apex Frozen Foods revises FY23-24 financials due to error; no material impact on FY24-25 results.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
3 Jun - Audio recording of Q4 and FY 2025 results conference call available on company website.
- Announcement under Regulation 30 (LODR)-Investor Presentation 2 Jun
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Compliances-Reg.24(A)-Annual Secretarial Compliance
30 May - Annual Secretarial Compliance Report for FY ended 31 March 2025 submitted, confirming regulatory compliance.
Annual reports
Concalls
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Jun 2025Transcript PPT
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Feb 2025Transcript PPT REC
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Nov 2024Transcript PPT
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Aug 2024Transcript PPT REC
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May 2024Transcript PPT REC
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Feb 2024Transcript PPT REC
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Nov 2023Transcript PPT REC
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Aug 2023Transcript PPT REC
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Jul 2023TranscriptPPTREC
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Jun 2023TranscriptNotesPPT
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Jun 2023TranscriptNotesPPT
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Feb 2023Transcript PPT REC
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Nov 2022Transcript PPT REC
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Aug 2022Transcript PPT REC
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Jun 2022TranscriptPPTREC
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May 2022TranscriptNotesPPT
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Mar 2022Transcript PPT
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Dec 2021Transcript PPT
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Sep 2021Transcript PPT
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Jul 2021Transcript PPT
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Mar 2021TranscriptPPT
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Feb 2021TranscriptNotesPPT
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Dec 2020TranscriptPPT
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Nov 2020TranscriptNotesPPT
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Sep 2020Transcript PPT
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Jul 2020Transcript PPT
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Feb 2020TranscriptNotesPPT
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Jan 2020TranscriptPPT
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Dec 2019Transcript PPT
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Aug 2019Transcript PPT
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Jun 2019Transcript PPT
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Feb 2019Transcript PPT
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Nov 2018Transcript PPT
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Sep 2018TranscriptPPT
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Aug 2018Transcript PPT
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Jun 2018Transcript PPT
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Feb 2018Transcript PPT
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Dec 2017TranscriptPPT
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Nov 2017Transcript PPT
Business Overview:[1][2]
AFFL is engaged in processing and preserving fish, crustaceans, and molluscs, primarily dealing in processed frozen shrimp on a B2B basis. Its distributors supply these products to HORECA (Hotels, Restaurants, Cafés) and departmental stores in the USA, European Union, and China. Additionally, AFFL sells shrimp seeds to farmers.