Apex Frozen Foods Ltd

Apex Frozen Foods is engaged integrated producer and exporter of shelf stable quality aquaculture products.

  • Market Cap: 757.81 Cr.
  • Current Price: 242.50
  • 52 weeks High / Low 444.85 / 132.00
  • Book Value: 126.68
  • Stock P/E: 12.49
  • Dividend Yield: 0.82 %
  • ROCE: 23.56 %
  • ROE: 18.50 %
  • Sales Growth (3Yrs): 13.17 %
  • Listed on BSE and NSE
  • Company Website
  • Face Value: 10.00
Edit ratios
Pros:
Company has delivered good profit growth of 35.32% CAGR over last 5 years
Company has a good return on equity (ROE) track record: 3 Years ROE 26.33%
Cons:
The company has delivered a poor growth of 11.21% over past five years.
Company might be capitalizing the interest cost

Peer comparison Sector: Miscellaneous // Industry: Aquaculture

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Quarterly Results Figures in Rs. Crores

Jun 2017 Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020
247.60 285.11 262.83 203.09 239.26 255.54 215.98 163.92 221.88 269.36 195.21 140.66
222.99 254.31 232.84 178.16 206.99 230.63 198.09 149.37 209.62 232.29 170.88 127.32
Operating Profit 24.61 30.80 29.99 24.93 32.27 24.91 17.89 14.55 12.26 37.07 24.33 13.34
OPM % 9.94% 10.80% 11.41% 12.28% 13.49% 9.75% 8.28% 8.88% 5.53% 13.76% 12.46% 9.48%
Other Income 5.53 7.06 4.35 2.94 4.74 8.66 4.97 3.09 4.17 5.20 4.32 5.31
Interest 2.58 2.76 2.03 1.32 1.66 1.86 1.48 1.55 1.83 3.90 3.07 1.84
Depreciation 1.88 2.37 2.39 2.50 2.59 2.75 2.77 2.75 2.97 3.14 3.68 4.80
Profit before tax 25.68 32.73 29.92 24.05 32.76 28.96 18.61 13.34 11.63 35.23 21.90 12.01
Tax % 35.20% 32.66% 37.07% 27.23% 35.29% 31.53% 38.96% 37.03% 28.55% 37.72% 2.97% 23.81%
Net Profit 16.64 22.04 18.84 17.50 21.20 19.83 11.35 8.40 8.31 21.93 21.25 9.16
EPS in Rs 5.33 7.27 6.02 5.60 6.78 6.35 3.63 2.69 2.66 7.02 6.80 2.93
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 TTM
255 514 599 604 699 999 875 827
233 482 566 563 654 889 785 740
Operating Profit 22 33 33 40 44 110 90 87
OPM % 9% 6% 6% 7% 6% 11% 10% 11%
Other Income 0 0 5 5 11 20 21 19
Interest 6 8 10 10 11 9 7 11
Depreciation 3 5 0 5 6 9 11 15
Profit before tax 14 20 28 30 37 113 94 81
Tax % 34% 34% 34% 35% 33% 30% 35%
Net Profit 9 13 18 19 25 79 61 61
EPS in Rs 6.28 6.71 7.65 8.03 10.47 25.31 19.45 19.41
Dividend Payout % 0% 0% 0% 0% 10% 8% 10%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:%
5 Years:11.21%
3 Years:13.17%
TTM:-5.44%
Compounded Profit Growth
10 Years:%
5 Years:35.32%
3 Years:46.67%
TTM:-0.21%
Stock Price CAGR
10 Years:%
5 Years:%
3 Years:%
1 Year:5.37%
Return on Equity
10 Years:%
5 Years:27.40%
3 Years:26.33%
Last Year:18.50%

Balance Sheet Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
15 20 24 24 24 31 31 31
Reserves 9 18 32 51 85 271 324 365
Borrowings 63 79 90 79 110 85 108 159
7 24 19 24 57 43 47 72
Total Liabilities 94 141 165 179 277 431 510 626
26 40 52 55 83 111 115 280
CWIP 0 0 0 8 1 21 116 3
Investments 0 0 0 0 0 0 0 0
68 101 113 116 193 299 279 343
Total Assets 94 141 165 179 277 431 510 626

Cash Flows Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
-11 9 12 37 14 33 49
-9 -17 -12 -16 -29 -58 -114
19 8 -0 -21 17 85 7
Net Cash Flow -1 0 0 0 3 60 -58

Ratios Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
ROCE % 28% 29% 27% 26% 40% 24%
Debtor Days 52 24 31 25 43 25 39
Inventory Turnover 10.86 9.54 8.33 8.72 8.62 5.68

Shareholding pattern in percentages

Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019
72.08 72.41 72.49 72.49 72.49 72.49 72.59 72.59 72.60 72.60
0.66 0.85 0.45 0.53 0.57 0.36 0.03 0.00 0.00 0.00
10.10 6.05 5.32 5.40 5.32 6.85 8.31 9.37 9.58 9.34
17.16 20.69 21.74 21.57 21.61 20.30 19.07 18.04 17.83 18.06