APEX

Apex Frozen Foods Limited

Shrimp and seafood processor with hatchery and cold-storage operations

Fast Moving Consumer Goods›Fast Moving Consumer Goods›Food Products›Seafood

apexfrozenfoods.in(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-19

Stock price
₹323.55
Market cap
1,012 Cr
Stock P/E
19.7
P/B
1.92
Dividend yield
0.6%
ROE (FY26)
7.4%
ROCE (FY26)
10.8%
Operating margin (FY26)
4.3%
Debt / equity (FY26)
0.01
OCF / EBITDA (FY26)
172.4%
OCF / EBITDA (3Y)
128.8%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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What you need to know

Apex Frozen Foods (Apex) processes and exports frozen shrimp, including ready-to-cook and ready-to-eat products, to overseas buyers mainly in the United States and Europe.

Company snapshot

1stBy market cap

Ranked among 2 companies in Seafood.

What we see

Positives
  • ✓129% of operating profit came in as cash over the last three years — profits are backed by real cash.
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Statement tables · Standalone

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Standalone only

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales241 Cr148 Cr162 Cr186 Cr200 Cr231 Cr197 Cr258 Cr238 Cr264 Cr168 Cr257 Cr
Operating expenses (approx.)222 Cr140 Cr160 Cr175 Cr196 Cr227 Cr191 Cr243 Cr227 Cr251 Cr155 Cr226 Cr
EBITDA19 Cr8 Cr1 Cr11 Cr4 Cr4 Cr7 Cr15 Cr11 Cr13 Cr13 Cr30 Cr
OPM %7.7%5.7%0.8%5.7%2.0%1.7%3.3%6.0%4.8%5.1%7.6%11.8%
Other income0.99 Cr0.52 Cr1 Cr0.39 Cr0.66 Cr2 Cr1 Cr3 Cr6 Cr4 Cr4 Cr3 Cr
Interest3 Cr2 Cr2 Cr2 Cr3 Cr3 Cr0.88 Cr2 Cr0.99 Cr1 Cr0.65 Cr0.25 Cr
Depreciation5 Cr3 Cr0.92 Cr4 Cr4 Cr4 Cr4 Cr4 Cr4 Cr3 Cr5 Cr4 Cr
Profit before tax11 Cr4 Cr-0.49 Cr5 Cr-2 Cr-0.21 Cr3 Cr13 Cr16 Cr13 Cr11 Cr29 Cr
Tax %26.5%17.3%26.7%24.6%18.7%-5.1%30.5%29.8%24.1%24.4%29.6%24.2%
Net profit8 Cr3 Cr-0.36 Cr4 Cr-2 Cr-0.22 Cr2 Cr9 Cr12 Cr10 Cr8 Cr22 Cr
EPS (₹)₹2.67₹0.95₹-0.12₹1.22₹-0.53₹-0.07₹0.63₹2.91₹3.80₹3.23₹2.49₹6.93

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales699 Cr999 Cr875 Cr827 Cr818 Cr914 Cr1,070 Cr804 Cr814 Cr931 CrSign in free for the trailing twelve months
Operating expenses (approx.)654 Cr889 Cr785 Cr740 Cr728 Cr835 Cr987 Cr763 Cr788 Cr876 CrSign in free for the trailing twelve months
EBITDA44 Cr110 Cr90 Cr87 Cr91 Cr79 Cr83 Cr41 Cr25 Cr56 CrSign in free for the trailing twelve months
OPM %6.3%11.0%10.2%10.5%11.1%8.7%7.8%5.1%3.1%6.0%Sign in free for the trailing twelve months
Other income11 Cr20 Cr21 Cr19 Cr8 Cr13 Cr2 Cr3 Cr5 Cr17 CrSign in free for the trailing twelve months
Interest11 Cr9 Cr7 Cr11 Cr16 Cr17 Cr15 Cr10 Cr9 Cr4 CrSign in free for the trailing twelve months
Depreciation6 Cr9 Cr11 Cr15 Cr22 Cr19 Cr19 Cr15 Cr15 Cr15 CrSign in free for the trailing twelve months
Profit before tax37 Cr113 Cr94 Cr81 Cr61 Cr56 Cr51 Cr20 Cr6 Cr53 CrSign in free for the trailing twelve months
Tax %32.9%29.7%35.1%24.9%26.9%26.9%29.1%25.4%30.9%26.7%Sign in free for the trailing twelve months
Net profit25 Cr79 Cr61 Cr61 Cr44 Cr41 Cr36 Cr15 Cr4 Cr39 CrSign in free for the trailing twelve months
EPS (₹)₹10.47₹26.63₹19.45₹19.41₹14.17₹13.15₹11.48₹4.67₹1.24₹12.43Sign in free for the trailing twelve months
Dividend payout %————0.0%0.0%21.8%53.5%161.2%16.1%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital24 Cr31 Cr31 Cr31 Cr31 Cr31 Cr31 Cr31 Cr31 Cr31 Cr
Reserves85 Cr271 Cr324 Cr365 Cr409 Cr444 Cr459 Cr466 Cr463 Cr497 Cr
Borrowings106 Cr81 Cr103 Cr144 Cr166 Cr165 Cr91 Cr107 Cr73 Cr6 Cr
Other liabilities62 Cr48 Cr52 Cr87 Cr51 Cr39 Cr33 Cr29 Cr46 Cr59 Cr
Total liabilities277 Cr431 Cr510 Cr627 Cr657 Cr679 Cr614 Cr633 Cr613 Cr593 Cr
Fixed assets (net)83 Cr111 Cr115 Cr267 Cr250 Cr236 Cr242 Cr254 Cr243 Cr239 Cr
CWIP0.78 Cr21 Cr116 Cr3 Cr15 Cr22 Cr18 Cr4 Cr4 Cr2 Cr
Investments——0 Cr0 Cr0 Cr0 Cr0 Cr0 Cr0 Cr0 Cr
Loans & advances——0 Cr0 Cr0 Cr0 Cr0 Cr0 Cr0.14 Cr0.23 Cr
Inventories64 Cr102 Cr106 Cr184 Cr161 Cr203 Cr180 Cr194 Cr188 Cr167 Cr
Trade receivables83 Cr67 Cr94 Cr79 Cr155 Cr137 Cr112 Cr107 Cr127 Cr109 Cr
Cash & bank5 Cr64 Cr7 Cr7 Cr10 Cr7 Cr2 Cr3 Cr2 Cr18 Cr
Other assets42 Cr66 Cr72 Cr87 Cr65 Cr74 Cr60 Cr72 Cr50 Cr58 Cr
Total assets277 Cr431 Cr510 Cr627 Cr657 Cr679 Cr614 Cr633 Cr613 Cr593 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity14 Cr33 Cr49 Cr58 Cr13 Cr28 Cr121 Cr11 Cr50 Cr96 Cr
Cash from investing-29 Cr-58 Cr-114 Cr-44 Cr-14 Cr-10 Cr-22 Cr-8 Cr-2 Cr-2 Cr
Cash from financing17 Cr85 Cr7 Cr-14 Cr4 Cr-20 Cr-99 Cr-2 Cr-49 Cr-78 Cr
Net cash flow3 Cr60 Cr-58 Cr0.57 Cr3 Cr-2 Cr0.65 Cr1 Cr-0.83 Cr16 Cr
Free cash flow (OCF − Capex)-12 Cr-24 Cr-61 Cr20 Cr13 Cr18 Cr99 Cr-1 Cr45 Cr89 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %22.6%31.7%21.9%16.9%12.6%11.5%11.3%4.9%2.5%10.8%
ROE %23.0%26.2%17.1%15.3%10.1%8.6%7.3%2.9%0.8%7.4%
Debtor days43253935695538495742
Inventory days43506610311111291122118107
Days payable211320252112961619
Cash conversion cycle666185113159155120164158131
OCF / EBITDA %32.4%30.0%54.7%67.0%14.2%35.8%145.9%27.1%199.3%172.4%
OCF / EBITDA % (3 years)——39.5%48.9%44.9%38.7%64.2%79.0%122.1%128.8%
Debt / equity0.970.270.290.360.380.350.180.220.150.01
Current ratio1.362.451.821.622.042.392.993.013.395.96
Net debt / EBITDA2.28—1.071.571.721.991.072.522.80-0.23