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Apex Frozen Foods Ltd (APEX)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 540692 NSE: APEX Aquaculture | Small Cap | Apex Frozen Foods Share Price

₹417.85 -5.45 (-1.29%)

As on 05-Jun'26 11:01

Apex Frozen Foods Ltd (APEX)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 540692 NSE: APEX Aquaculture | Small Cap | Apex Frozen Foods Share Price

₹417.85 -5.45 (-1.29%)

As on 05-Jun'26 11:01

Key Metrics
Valuation Multiples
Market Cap
₹1,323 Cr.
Current Price
₹417.9
52-Week Low / High
₹203 / 514
TTM EPS
₹12.4
TTM Sales
₹931 Cr.
Book Value per Share
₹169
P/E Ratio
34.05
In line with its 5-year historical median
Industry PE
25.9
Price to Book (P/B)
2.51
Higher than its 5-year historical median
Price to Sales (P/S)
1.42
Higher than its 5-year historical median
EV/EBITDA
17.98
Higher than its 5-year historical median
Dividend Yield
0.95%
Profitability Efficiency
Return on Equity (ROE)
0.78%
Underperforms industry median
Return on Capital Employed (ROCE)
2.46%
Underperforms industry median
Return on Assets (ROA)
0.62%
Operating Profit Margin
3.1%
Net Profit Margin
0.48%
Gross Profit Margin
2.6%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
1.18%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
-37.72%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
-73.42%
Asset Quality
Promoter Holding
72.62%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹497 Cr.
Equity
₹31.3 Cr.
Face Value
₹10
All Time Low / High
₹132.05 / 941.40

Apex Frozen Foods stock performance

Key Ratios
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Check Before You Invest

Quality

Somewhat Good

Valuation

Somewhat Overvalued

Price Trend

Semi Strong
Q.1 Is Apex Frozen Foods Ltd a good quality company?
Apex Frozen Foods Ltd is a average quality company, based on a somewhat consistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Apex Frozen Foods Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Apex Frozen Foods Ltd vs industry peers?
Apex Frozen Foods Ltd revenue CAGR is -0.33%, compared to the industry median CAGR of 4.91%, indicating slower growth and losing its market share.
Q.1 Promoter shareholding and pledge status of Apex Frozen Foods Ltd?
Promoters hold 72.62% of the Apex Frozen Foods Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Apex Frozen Foods Ltd over the last decade?
Over the last 5 year(s), the stock has delivered a CAGR of 12.35% based on the current price.

10 Year X-Ray :

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Apex Frozen Foods Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 26.7%26%39.9%23.6%18.2%13.3%11.8%10.8%4.9%2.5%-
Value Creation
Index
0.90.91.90.70.3-0.1-0.2-0.2-0.7-0.8-

Growth Parameters

Sales 6046999998758278189261,070804814931
Sales YoY Gr.-15.8%42.9%-12.4%-5.4%-1%13.2%15.6%-24.9%1.2%-
Adj EPS 6.710.521.315.115.412.71211.54.40.612.4
YoY Gr.-56.7%103.3%-28.9%1.5%-17.4%-5.5%-4.3%-61.9%-85.8%-
BVPS (₹) 31.445.696.7113.6126.7140.7149.9156.8159.1158.2169
Adj Net
Profit
1625.166.547.34839.637.535.813.71.939
Cash Flow from Ops. 37.414.4334958.312.935.512111.250.2-
Debt/CF from Ops. 2.17.72.62.22.5134.70.89.61.5-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 3.4%-0.3%-4.2%1.2%
Adj EPS -23.2%-47.4%-62.7%-85.8%
BVPS19.7%4.6%1.8%-0.5%
Share Price - 8.9% 26.4% 86.2%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
24.427.232.314.412.89.58.37.52.80.47.6
Op. Profit
Mgn %
6.76.41110.210.511.19.37.853.15.7
Net Profit
Mgn %
2.73.66.75.45.84.843.41.70.24.2
Debt to
Equity
1.110.30.30.40.40.40.20.20.20
Working Cap
Days
68797710413315915612916116478
Cash Conv.
Cycle
525146648510911710012712860

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales6046999998758278189261,070804814
Operating Expenses + 563654889785740728840987764788
Manufacturing Costs58699890788589907975
Material Costs451532703581574553615742563589
Employee Cost 18203444393638424942
Other Costs 363454714953971147382
Operating Profit 404411090879186834025
Operating Profit Margin (%) 6.7%6.3%11.0%10.2%10.5%11.1%9.3%7.8%5.0%3.1%
Other Income + 51120221986235
Exceptional Items 0000000000
Interest 1011971116171599
Depreciation 56911152219191515
Profit Before Tax 30371139481615651206
Tax 101233332016151552
Profit After Tax 1925796161444136154
PAT Margin (%) 3.2%3.6%7.9%7.0%7.3%5.4%4.4%3.4%1.8%0.5%
Adjusted EPS (₹)8.010.525.319.519.414.213.111.54.71.2
Dividend Payout Ratio (%)0%9.60%7.90%10.30%10.30%14.10%19%21.80%42.80%161.20%

Valuation of Apex Frozen Foods - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 75109302355396440468490497494
Share Capital 24243131313131313131
Reserves 5185271324365409437459466463
Debt +76106811031441661658910470
Long Term Debt122187242829376
Short Term Debt64857296120138136869664
Minority Interest0000000000
Trade Payables16312731453021161526
Others Liabilities 11311817381923201823
Total Liabilities 179277428507623654678614633613

Fixed Assets

Net Fixed Assets +5583111115280250236242254243
Gross Block68102138152331323328344368369
Accumulated Depreciation12192737517392102114126
CWIP 8121116315221844
Investments 0000000000
Inventories6064102106184161203178194188
Trade Receivables4183679479151132112107127
Cash Equivalents 2564771081075
Others Assets 13426269706777536747
Total Assets 179277428507623654678614633613

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 371433495813361211150
PBT 30371139481615651206
Adjustment 15201016261938413030
Changes in Working Capital 3-30-46-28-33-58-4751-328
Tax Paid -10-13-43-33-16-8-12-21-66
Cash Flow From Investing Activity + -16-29-58-114-44-14-10-22-8-2
Capex -16-27-57-109-38-13-11-21-12-4
Net Investments 000000-0-121
Others 0-2-1-5-6-10121
Cash Flow From Financing Activity + -2117857-144-27-99-2-49
Net Proceeds from Shares 00118-0000000
Net Proceeds from Borrowing 300000-3-265-2
Interest Paid -10-10-7-5-9-15-17-15-10-9
Dividend Paid 0-30-8-150-6-8-8-6
Others -1430-25201118-0-5012-32
Net Cash Flow 0360-5813-211-1

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)29.3827.2138.4218.516.1510.69.047.492.960.78
ROCE (%)26.7226.0239.9323.5618.1613.2911.8410.754.882.46
Asset Turnover Ratio3.513.072.841.871.461.281.391.661.291.31
PAT to CFO Conversion(x)1.950.560.420.80.950.30.883.360.7312.5
Working Capital Days
Receivable Days27.7032.5027.5033.6038.1051.2055.7041.6049.6052.40
Inventory Days33.2032.2030.2043.4064.107771.7064.9084.2085.50
Payable Days11.2016.1014.9018.2024.4024.9015.1099.9012.60

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Apex Frozen Foods Ltd FAQs

The current trading price of Apex Frozen Foods on 05-Jun-2026 11:01 is ₹417.9.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 04-Jun-2026 the market cap of Apex Frozen Foods stood at ₹1,322.8 Cr

The latest P/E ratio of Apex Frozen Foods as of 04-Jun-2026 is 34.05.

The latest P/B ratio of Apex Frozen Foods as of 04-Jun-2026 is 2.51.

The 52-week high of Apex Frozen Foods is ₹514.2 and the 52-week low is ₹202.9.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Apex Frozen Foods is ₹931 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that Apex Frozen Foods Ltd is a average quality company.

The key valuation ratios of Apex Frozen Foods Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Apex Frozen Foods Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

About Apex Frozen Foods Ltd

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About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

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