As of 6 Nov 2026, Apex Frozen Foods trades at 19.7× trailing earnings, above the industry P/E of 13.7×, and the shares are 37% below their 52-week high. It earns ROCE of 11% and ROE of 7.6%, and sales fell 4.5% a year over 3 years while net profit grew 2.7%. It has almost no debt, and its dividend yield is 0.8%. It is a small-cap company with a market cap of ₹1,014 Cr, ranked 5th of 81 Farm Products companies by market cap; the shares rose 39% over the past year.
- ₹321.20
- ₹326.45
- ₹319.05
- ₹328.20
- 44.2K
Health check
- ReturnsAhead
+39.0% over a year, better than 5 of 7 peers.
- Price tagPricier
P/E 19.7 vs industry 13.7.
- GrowthSlow
Sales −4.5%, profit +2.7% a year over 3 years.
- ProfitabilityAverage
ROCE 10.6% vs peer median 9.9%.
- Balance sheetSolid
Practically debt-free, Piotroski 9 of 9.
- Red flags3 to check
Return on equity is low at 7.6%.
Small cap
Defensive
Key metrics
- Market cap
- ₹1,014 Cr
- Small cap
- P/E
- 19.7
- Industry 13.7
- Price to book
- 1.92
- Peers 2.25
- Dividend yield
- 0.77%
- ROE
- 7.6%
- Peers 9.1%
- ROCE
- 10.6%
- Peers 9.9%
- Debt to equity
- 0.01
- Debt ₹5.68 Cr
- EPS (TTM)
- ₹16.45
- Face value ₹10
- OPM (TTM)
- 7.7%
- Net margin 5.5%
- Sales growth
- −0.3%
- Latest quarter vs a year ago
- Profit growth
- +138.1%
- Latest quarter vs a year ago
- Price to sales
- 1.09
- EV/EBITDA 14.3
Strengths and risks
Strengths
- Practically debt-free.
- Quarterly profit up 138.1% on a year ago.
- Positive operating cash flow in each of the last 4 years.
Risks to check
- Return on equity is low at 7.6%.
- Quarterly sales down 0.3% on a year ago.
- 37% below its 52-week high.
About Apex Frozen Foods
Apex Frozen Foods Limited engages in the farming, processing, production, and sale of shrimps in India. It provides ready-to-cook whiteleg 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…
- Headquarters
- Kakinada
- Employees
- 2,068
- Sector
- Consumer Defensive
- ISIN
- INE346W01013
- Website
- apexfrozenfoods.in
Price range
- Avg volume (3M)
- 3 L
- 1-year return
- plus 39.0%
- From 52-week high
- minus 36.9%
Peers · Farm Products
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| AEROPLANEAmir Chand Jagdish Kumar (Exports) | 238.71 | minus 1.56% | 2,472 | 19.9 | 2.49 | 23.2% | 15.9% | 10.5% | 20.6% | 80.7% | 0.00% | plus 32.6% |
| VENKEYSVenky's (India) | 1,587.90 | minus 1.21% | 2,237 | 12.9 | 1.40 | 12.1% | 9.1% | 6.0% | −4.0% | 25.5% | 0.63% | plus 4.5% |
| ANDREWYUAndrew Yule & Company | 23.47 | minus 2.21% | 1,148 | – | 3.55 | −4.7% | −5.8% | −27.2% | −7.7% | – | 0.00% | minus 25.1% |
| PERVASIVEPervasive Commodities | 12.32 | minus 1.44% | 1,110 | – | – | 0.0% | −0.1% | −0.9% | – | – | 0.00% | plus 941.7% |
| APEXApex Frozen Foods | 324.45 | minus 1.14% | 1,014 | 19.7 | 1.92 | 10.6% | 7.6% | 7.7% | −4.5% | 2.7% | 0.77% | plus 39.0% |
| ZEALZeal Global Services | 69.45 | plus 4.99% | 876 | – | – | 33.8% | 14.7% | 4.0% | 22.5% | 26.0% | – | minus 39.9% |
| DBOLDhampur Bio Organics | 127.32 | minus 6.27% | 835 | 25.3 | 0.82 | 7.7% | 2.5% | 6.5% | −4.3% | −39.0% | 1.18% | plus 73.0% |
| MGELMangalam Global Enterprise | 18.17 | plus 1.45% | 599 | 15.4 | 2.25 | – | 15.7% | 2.2% | 33.9% | 52.7% | 0.06% | plus 24.2% |
| Median of 7 peers | – | −1.44% | 1,110 | 17.7 | 2.25 | 9.9% | 9.1% | 4.0% | 8.3% | 26.0% | 0.03% | 24.2% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 245 | 227 | 252 | 159 | 244 | |
| 229 | 215 | 238 | 146 | 213 | |
| 15.5 | 11.4 | 13.4 | 12.8 | 30.3 | |
| 6.3% | 5.0% | 5.3% | 8.0% | 12.4% | |
| 3 | 6.3 | 3.9 | 4.2 | 2.8 | |
| 1.8 | 1 | 1 | 0.7 | 0.3 | |
| 3.7 | 3.6 | 2.9 | 5.2 | 4.2 | |
| – | 2.5 | – | – | – | |
| 13 | 15.6 | 13.4 | 11.1 | 28.6 | |
| 29.8% | 24.1% | 24.4% | 29.6% | 24.2% | |
| 9.1 | 11.9 | 10.1 | 7.8 | 21.7 | |
| 2.91 | 3.80 | 3.23 | 2.49 | 6.93 |
Profit & loss
- Sales CAGR 3Y
- −4.5%
- Profit CAGR 3Y
- +2.7%
- EPS CAGR 3Y
- +2.7%
- ROE
- 7.6%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 1,011 | 759 | 766 | 880 | |
| – | minus 25.0% | +1.0% | +14.9% | |
| 920 | 712 | 739 | 824 | |
| 91 | 46.7 | 27.2 | 55.9 | |
| 9.0% | 6.2% | 3.6% | 6.3% | |
| −0.5 | 2.1 | 3.4 | 16.1 | |
| 13.6 | 9.2 | 8.5 | 4.4 | |
| 19.4 | 14.8 | 15.3 | 15.4 | |
| −6.8 | −5.3 | −1.1 | 0.8 | |
| 50.6 | 19.6 | 5.6 | 53 | |
| 29.1% | 25.4% | 30.9% | 26.7% | |
| 35.9 | 14.6 | 3.9 | 38.8 | |
| – | minus 59.3% | minus 73.4% | +902.1% | |
| 11.48 | 4.67 | 1.24 | 12.43 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 31.3 | 31.3 | 31.3 | 31.3 | |
| 459 | 466 | 463 | 497 | |
| 90.6 | 107 | 72.7 | 5.7 | |
| 33.4 | 29.4 | 46.1 | 58.9 | |
| 614 | 633 | 613 | 593 | |
| 264 | 260 | 253 | 243 | |
| 21.4 | 6 | 10.4 | 3.9 | |
| – | – | 0.4 | – | |
| 1.6 | 2.9 | 2.1 | 18.5 | |
| 327 | 365 | 347 | 327 | |
| 614 | 633 | 613 | 593 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 121 | 11.2 | 54.3 | 95.8 | |
| −21.8 | −8.3 | −5.9 | −1.7 | |
| −98.7 | −1.6 | −49.2 | −77.8 | |
| 0.7 | 1.3 | −0.8 | 16.3 | |
| −22.7 | −12.2 | −9.3 | −6.6 | |
| 98.5 | −1 | 45 | 89.1 | |
| −7.8 | −7.8 | −6.3 | −6.3 |
Shareholding pattern
- Promoters72.62%
- Public27.38%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 72.62% | 27.38% | 0.00 | |
| 30 Jun 2026 | 72.62% | 27.38% | 0.00 | |
| 31 Mar 2026 | 72.62% | 27.38% | 0.00 | |
| 31 Dec 2025 | 72.62% | 27.38% | 0.00 | |
| 30 Sep 2025 | 72.62% | 27.38% | – |
Major shareholders
Filings & events
News
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