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Companies›Fast Moving Consumer Goods›Fast Moving Consumer Goods›Food Products
NSE:APEX

APEX FROZEN FOODS LIMITED

Fast Moving Consumer Goods › Food Products
₹305.60
at close · 28 Oct 2026
▲ 4.80 (+1.60%)

Latest filings

  1. Trading Window Closure Ahead of Q2 FY26 Results · Compliance
  2. Apex Frozen Foods to hold two-day investor roadshow in Mumbai on Sep 28-29 · Board & Shareholder Meetings
  3. Apex Frozen Foods: 3 resolutions passed at 14th AGM, Rs 2.50 dividend declared · Compliance
All filings ↓
Ask Nexa about APEX FROZEN FOODS LIMITED

Snapshot

What the business is, and whether it's a good one at a fair price.

AI · written from filings

Processes and exports frozen shrimp — primarily Vannamei and Black Tiger varieties — to international seafood buyers, with the US and Europe as the main markets. Non-US geographies rose to about 51% of revenue in 9M FY26 from 37% in 9M FY24, as EU sales grew 22% year-on-year in Q3 FY26 while US sales declined 12% on tariff headwinds. Volumes sold were 2,754 MT in Q3 FY26 and 8,373 MT in 9M FY26, with capacity utilisation running at 32–35% and management targeting roughly 50% by FY27. Beyond bulk frozen shrimp, ready-to-eat products are being positioned as a margin lever, especially for the European market where an India-EU FTA is flagged as structurally positive. Raw shrimp, bought at farmgate prices, is the dominant cost at about 60.9% of FY26 revenue; raw material cost fell to INR 327/kg in Q3 FY26 from INR 374/kg a year earlier. The company is export-focused and operates a single processing base in Kakinada, with short-term borrowings cut sharply during FY26.

Operating scale
Volume sold (Q3 FY26)
2,754 MTQ3 FY26
Volume sold (9M FY26)
8,373 MT9M FY26
Capacity utilisation
32–35%, targeted ~50% by FY27FY26
Non-US revenue share
~51% (up from 37% in 9M FY24)9M FY26
Raw material cost
INR 327/kg (vs INR 374/kg YoY)Q3 FY26
EBITDA margin
6.5% (Q3), 6.9% (9M)FY26
Who pays it
Overseas seafood importers and distributors, mainly in the US and EU, with planned entry into Australia and Russia.
Biggest cost
Raw shrimp purchased at farmgate prices — 60.9% of FY26 revenue.
Kind of business
Export-oriented, single-commodity frozen seafood processor with thin margins tied to global shrimp prices, tariffs and currency.
Where it sits
Indian frozen shrimp exporter selling mainly into the US and EU, with a non-US share that has grown from 37% to 51% over two years as US tariffs fluctuated.
Market Cap
₹955 Cr
P / E (TTM)
18.6×
EV / EBITDA
10.8×
Div Yield
0.65%
Growth
2.6%▲
Revenue 5y CAGR
PAT -2.6% · EBITDA -5.8%
Quality
10.7%·
ROCE (5y median)
ROE 7.3% (5y median) · margin 7.8%
Leverage
0.01·
Debt / Equity · low
Net cash ₹13 Cr
Revenue FY21→FY26
1.1×▲
Margin −1.2 pts
₹818 Cr → ₹931 Cr
Cash conversion
2.28×▲
Operating cash ÷ profit · 5 yrs
₹307 Cr on ₹134 Cr
Moves on a normal day
1.72%·
Median daily move
Last 268 sessions · the yardstick for filing-day moves
Where it sits among 8 Seafood peersBar = share of peers beaten · tick = industry median · latest reported figures
P/E (TTM)#6/7
P/B#6/8
ROCE#7/9
ROE#7/8
Debt / Equity#2/8
EBITDA margin#2/7
Revenue growth#5/7
Profit growth#1/8

Scorecard

Measured from the filed financials, judged against its Seafood peers · as of FY26 — not investment advice

Strengths
Debt at 0.01× equity
lower than 86% of its 8 Seafood peers
Over 5 years it reported ₹134 Cr of profit and ₹307 Cr of operating cash — 2.28×
Profit is converting into cash
Concerns
Slow revenue growth — 3% a year over 5 years
Profit shrinking over 5 years (−3% a year)
Erratic profits — up in only 1 of the last 5 years

Charts

How has the market priced it — with filings on the timeline?

APEX · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Peers

How does it stack up on valuation, returns and growth?

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Financials

Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.

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Ownership

Who owns it — and is the promoter stake clean?

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Common questions

Answered from APEX FROZEN FOODS LIMITED's filed financials and exchange disclosures

What does APEX FROZEN FOODS LIMITED do?

APEX FROZEN FOODS LIMITED is a Food Products company listed on NSE and BSE, trading under the symbol APEX.

Is APEX FROZEN FOODS LIMITED profitable?

Yes. Over the trailing twelve months APEX FROZEN FOODS LIMITED reported a net profit of ₹51 Cr on revenue of ₹927 Cr.

Does APEX FROZEN FOODS LIMITED pay a dividend?

Yes. The dividend yield is 0.65% at the current price. It paid out 16% of its profit as dividend in FY26.

Is APEX FROZEN FOODS LIMITED debt-free?

On a net basis, yes. It reported borrowings of ₹5.68 Cr on its 31 Mar 2026 balance sheet, but holds ₹13 Cr more cash than debt.

Is APEX FROZEN FOODS LIMITED expensive compared with its peers?

On trailing P/E, APEX FROZEN FOODS LIMITED ranks 6 of 7 in Seafood — cheaper than 17% of them, against an industry median of 9.4×. This is a position, not a valuation judgement.

How much does the APEX FROZEN FOODS LIMITED share price move in a day?

On a typical session APEX FROZEN FOODS LIMITED moves 1.72% — that is the median absolute close-to-close move across its last 268 trading days. MarketPing measures each filing's price reaction against it.

Where can I track APEX FROZEN FOODS LIMITED's announcements?

Every NSE and BSE filing by APEX FROZEN FOODS LIMITED appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.

Figures are as last reported and may lag the latest filing. Not investment advice.