NSE: APEX · BSE: 540692 · ISIN INE346W01013
Apex Frozen Foods Limited stock analysis
Apex Frozen Foods Limited ranks #1979 in the TickerSutra evidence-ranked universe with a score of 49/100 and 95% data confidence. The latest captured fundamentals show ROCE of 10.4%, quarterly sales growth of -0.6% and quarterly profit growth of 138.1%.Avoid / exit review
INVESTMENT EVIDENCE
What supports—and challenges—the thesis
Evidence in favour
- Low debt/equity of 0.01×
- Strong CFO/EBITDA of 1.71×
- Institutional ownership is rising
- CWIP indicates an active capacity pipeline
- No promoter shares are reported as pledged
Risks and constraints
- No calculated threshold risk in the current snapshot.
Still unresolved: Related-party exposure · Broad media sentiment
FINANCIAL TRAJECTORY
Recent operating history
| Period | Revenue | Operating profit | Net profit | Operating margin |
|---|---|---|---|---|
| 2022 | ₹926cr | ₹86cr | ₹41cr | 9.0% |
| 2023 | ₹1,070cr | ₹83cr | ₹36cr | 8.0% |
| 2024 | ₹804cr | ₹40cr | ₹15cr | 5.0% |
| 2025 | ₹814cr | ₹25cr | ₹4cr | 3.1% |
| 2026 | ₹931cr | ₹56cr | ₹39cr | 6.0% |
| TTM | ₹927cr | ₹68cr | ₹51cr | 7.0% |
EXCHANGE EVENT TRIGGERS
Latest corporate disclosures
Apex Frozen Foods Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015
RoutineShareholders meetingNSE · 18 Sept 2026Apex Frozen Foods Limited has informed the Exchange regarding voting results of Annual General Meeting held on September 17, 2026
RoutineApex Frozen Foods Ltd - 540692 - Shareholder Meeting / Postal Ballot-Outcome of AGMBSE · 18 Sept 2026Submission of Voting results of 14th AGM
RoutineApex Frozen Foods Ltd - 540692 - Shareholder Meeting / Postal Ballot-Scrutinizer''s ReportBSE · 18 Sept 2026Submission of voting results along with Scrutinizer report of 14th AGM
MANAGEMENT COMMENTARY
Signals from filed documents
Karuturi Chowdary: Yes, we are seeing around a similar level as far as realization in rupee terms are concerned, yes, we are expecting on similar other levels as far as realizations are concerned. Moderator: Next question comes from the line of Nilesh Patil with Share India Securities Nilesh Patil: Congrats on margin expansion. My first question is on the volumes.
Supported by government initiatives, market diversification efforts, and investments across the value chain, the sector remains well- positioned for sustainable growth. Strong Export Growth Momentum India’s seafood exports reached a record US$ 8.5 bn (C 739 bn) in FY 2025–26, with export volumes touching 19,72,019 metric tons (MT), according to data released by MPEDA. The key markets remain China, the USA and the Eur
Ragampeta, AP , in March 2020 • Foray into RTE products: 5,000 MT of RTE capacity at G. Ragampeta plant Well-placed to Capitalise on the Growth Opportunities • Improved Product Mix: Share of RTE products in overall sales increased • RTE Capacity Expansion: Additional line of 5,000 MT of RTE was commissioned at the end of May 2023 • Geographical Diversification: Increased share of non-U.S. business at ~45% in Q1 FY26
Outlook Global demand for high-protein, healthy, and sustainably sourced seafood continues to present attractive long-term opportunities. While near-term market conditions may remain dynamic, we are confident in the industry's structural growth drivers and Apex's ability to capitalise on them. Going forward, our priorities remain clear: increasing capacity utilisation, expanding value- added product offerings, deepen
We strategically expanded our presence across critical parts of the shrimp value chain. From our origins as a processing-led business, Apex has steadily advanced capabilities through sustained investments in backward integration and value enhancement. This has enabled greater control over quality parameters and consistency, positioning the Company as a dependable global supplier of premium shrimp to leading internati
We have uploaded the Investor Presentation on the website of the stock exchanges, and we do hope that you had a chance to go through it. Q1 FY27 was a quarter of mixed trends with improving global shrimp prices and higher conversion rate for USD INR, aiding realization growth on one hand, while labour shortage mainly in the months of April and May and war -led transportation disruptions across certain export markets
together contributed 25% of the total shrimp sales compared with 39% in Q1 of FY26. Sales to these markets were impacted during the quarter by the war -led transportation disruptions and certain regulatory basically the testing and certification requirements done at the origin in India. Despite the near -term impact, these markets continue to remain an important part of our diversified export portfolio.
Credit is extended in business interest in accordance with guidelines and business-specific credit policies that are consistent with such guidelines. Exceptions are managed and approved by appropriate authorities, after due consideration of the counterparty’s credentials and financial capacity, trade practices and prevailing business and economic conditions. The company has a prudent and conservative process for mana
At the same time, our integrated operations, expanded value-added product portfolio, and focus on operational efficiencies along with firm global shrimp realisation enabled us to protect margins and enhance profitability even in a challenging environment. Supported by strong cash generation, disciplined working capital management, and significant debt reduction, we entered FY 2026-27 , with one of the strongest balan
Compliance with Corporate Governance requirements Your Company has complied with corporate governance requirements specified in regulations 17 to 27 and Clauses (b) to (i) of sub-regulation (2) of regulation 46 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Details with respect to Utilisation of funds raised through Preferential Allotment or Qualified Institutions Placement: During t
HOW TO READ THIS PAGE
Evidence, freshness and limitations
What does the TickerSutra score mean?
The score ranks captured evidence across financial quality, growth, moat and margins, regulatory catalysts, governance, institutional trend and valuation comfort. It is a research-prioritization tool—not a buy recommendation or price target.
Which sources support this page?
Financial history, ownership and pledge data, NSE and BSE filings, annual reports and available earnings-call transcripts are combined here. Use the source trail and original exchange document before relying on a decision-critical fact.
Why can an item be unresolved?
Unresolved means the current captured source window did not provide enough evidence for that check. It does not establish that a risk or relationship is absent.
Maintained by TickerSutra Research · Snapshot updated 29 Sept 2026 · Read the methodology · Read the disclaimer
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