Apex Frozen Foods Ltd: Intrinsic Value & Share Price Analysis

Share Price and Basic Stock Data

Last Updated: April 25, 2025, 10:33 pm

Market Cap	675 Cr.
Current Price	216
High / Low	324/179
Stock P/E	435
Book Value	158
Dividend Yield	0.93 %
ROCE	4.96 %
ROE	2.92 %
Face Value	10.0
PEG Ratio	-8.92

Stock P/E, Current Price, and Intrinsic Value Over Time

Stock P/E Current Price Intrinsic Value

View Share Price Target for Apex Frozen Foods Ltd

Competitors of Apex Frozen Foods Ltd

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
BKV Industries Ltd	18.6 Cr.	12.0	18.7/11.0	619	2.87	0.00 %	4.34 %	4.11 %	1.00
Apex Frozen Foods Ltd	675 Cr.	216	324/179	435	158	0.93 %	4.96 %	2.92 %	10.0
Industry Average	675.00 Cr	114.00		527.00	80.44	0.47%	4.65%	3.52%	5.50

All Competitor Stocks of Apex Frozen Foods Ltd

Quarterly Result

Metric	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
Sales	217.51	209.25	305.82	292.80	230.52	211.86	253.84	240.52	148.10	161.64	185.99	199.52	230.73
Expenses	200.21	190.88	290.29	280.68	212.09	204.21	240.94	221.96	139.65	160.29	175.30	195.57	226.77
Operating Profit	17.30	18.37	15.53	12.12	18.43	7.65	12.90	18.56	8.45	1.35	10.69	3.95	3.96
OPM %	7.95%	8.78%	5.08%	4.14%	7.99%	3.61%	5.08%	7.72%	5.71%	0.84%	5.75%	1.98%	1.72%
Other Income	2.80	0.43	19.22	16.28	0.15	-4.62	0.18	0.99	0.52	1.49	0.39	0.66	2.33
Interest	3.93	3.89	4.83	4.78	3.04	2.06	2.81	2.92	1.93	2.41	2.28	2.84	2.79
Depreciation	4.70	4.56	5.13	5.23	5.18	3.88	5.17	5.28	3.45	0.92	3.75	3.82	3.71
Profit before tax	11.47	10.35	24.79	18.39	10.36	-2.91	5.10	11.35	3.59	-0.49	5.05	-2.05	-0.21
Tax %	26.33%	29.47%	25.17%	26.10%	25.10%	38.14%	28.43%	26.52%	17.27%	-26.53%	24.55%	-18.54%	4.76%
Net Profit	8.45	7.31	18.55	13.59	7.75	-4.02	3.65	8.34	2.97	-0.36	3.80	-1.67	-0.22
EPS in Rs	2.70	2.34	5.94	4.35	2.48	-1.29	1.17	2.67	0.95	-0.12	1.22	-0.53	-0.07

Last Updated: March 3, 2025, 5:36 pm

Below is a detailed analysis of the quarterly data for Apex Frozen Foods Ltd based on the most recent figures (Dec 2024) and their trends compared to the previous period:

For Sales, as of Dec 2024, the value is 230.73 Cr.. The value appears strong and on an upward trend. It has increased from 199.52 Cr. (Sep 2024) to 230.73 Cr., marking an increase of 31.21 Cr..
For Expenses, as of Dec 2024, the value is 226.77 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 195.57 Cr. (Sep 2024) to 226.77 Cr., marking an increase of 31.20 Cr..
For Operating Profit, as of Dec 2024, the value is 3.96 Cr.. The value appears strong and on an upward trend. It has increased from 3.95 Cr. (Sep 2024) to 3.96 Cr., marking an increase of 0.01 Cr..
For OPM %, as of Dec 2024, the value is 1.72%. The value appears to be declining and may need further review. It has decreased from 1.98% (Sep 2024) to 1.72%, marking a decrease of 0.26%.
For Other Income, as of Dec 2024, the value is 2.33 Cr.. The value appears strong and on an upward trend. It has increased from 0.66 Cr. (Sep 2024) to 2.33 Cr., marking an increase of 1.67 Cr..
For Interest, as of Dec 2024, the value is 2.79 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 2.84 Cr. (Sep 2024) to 2.79 Cr., marking a decrease of 0.05 Cr..
For Depreciation, as of Dec 2024, the value is 3.71 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 3.82 Cr. (Sep 2024) to 3.71 Cr., marking a decrease of 0.11 Cr..
For Profit before tax, as of Dec 2024, the value is -0.21 Cr.. The value appears strong and on an upward trend. It has increased from -2.05 Cr. (Sep 2024) to -0.21 Cr., marking an increase of 1.84 Cr..
For Tax %, as of Dec 2024, the value is 4.76%. The value appears to be increasing, which may not be favorable. It has increased from -18.54% (Sep 2024) to 4.76%, marking an increase of 23.30%.
For Net Profit, as of Dec 2024, the value is -0.22 Cr.. The value appears strong and on an upward trend. It has increased from -1.67 Cr. (Sep 2024) to -0.22 Cr., marking an increase of 1.45 Cr..
For EPS in Rs, as of Dec 2024, the value is -0.07. The value appears strong and on an upward trend. It has increased from -0.53 (Sep 2024) to -0.07, marking an increase of 0.46.

Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: March 7, 2025, 9:17 pm

Metric	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Sales	255	514	599	604	699	999	875	827	818	926	1,070	804	778
Expenses	233	482	566	563	654	889	785	740	728	840	987	763	758
Operating Profit	22	33	33	40	44	110	90	87	91	86	83	41	20
OPM %	9%	6%	5%	7%	6%	11%	10%	11%	11%	9%	8%	5%	3%
Other Income	0	0	5	5	11	20	21	19	8	6	2	3	5
Interest	6	8	10	10	11	9	7	11	16	17	15	10	10
Depreciation	3	5	0	5	6	9	11	15	22	19	19	15	12
Profit before tax	14	20	28	30	37	113	94	81	61	56	51	20	2
Tax %	34%	34%	34%	35%	33%	30%	35%	25%	27%	27%	29%	25%
Net Profit	9	13	18	19	25	79	61	61	44	41	36	15	2
EPS in Rs	6.28	6.71	7.65	8.03	10.47	25.31	19.46	19.40	14.17	13.14	11.48	4.67	0.50
Dividend Payout %	0%	0%	0%	0%	10%	8%	10%	0%	14%	19%	22%	54%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2013-2014	2014-2015	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024
YoY Net Profit Growth (%)	44.44%	38.46%	5.56%	31.58%	216.00%	-22.78%	0.00%	-27.87%	-6.82%	-12.20%	-58.33%
Change in YoY Net Profit Growth (%)	0.00%	-5.98%	-32.91%	26.02%	184.42%	-238.78%	22.78%	-27.87%	21.05%	-5.38%	-46.14%

Apex Frozen Foods Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2013-2014 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:	5%
5 Years:	-2%
3 Years:	-1%
TTM:	-9%

Compounded Profit Growth
10 Years:	1%
5 Years:	-25%
3 Years:	-31%
TTM:	-86%

Stock Price CAGR
10 Years:	%
5 Years:	-1%
3 Years:	-12%
1 Year:	-3%

Return on Equity
10 Years:	13%
5 Years:	9%
3 Years:	6%
Last Year:	3%

Last Updated: Unknown

Balance Sheet

Last Updated: November 15, 2024, 1:42 am

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
Equity Capital	15	20	24	24	24	31	31	31	31	31	31	31	31
Reserves	9	18	32	51	85	271	324	365	409	437	459	466	462
Borrowings	63	79	90	79	110	85	108	163	168	167	91	107	115
Other Liabilities	7	24	19	24	57	43	47	68	49	42	33	29	42
Total Liabilities	94	141	165	179	277	431	510	627	657	678	614	633	650
Fixed Assets	26	40	52	55	83	111	115	280	250	236	242	254	248
CWIP	0	0	0	8	1	21	116	3	15	22	18	4	5
Investments	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Assets	68	101	113	116	193	299	279	344	391	420	354	376	397
Total Assets	94	141	165	179	277	431	510	627	657	678	614	633	650

Below is a detailed analysis of the balance sheet data for Apex Frozen Foods Ltd based on the most recent figures (Sep 2024) and their trends compared to the previous period:

For Equity Capital, as of Sep 2024, the value is ₹31.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded 31.00 Cr..
For Reserves, as of Sep 2024, the value is ₹462.00 Cr.. The value appears to be declining and may need further review. It has decreased from 466.00 Cr. (Mar 2024) to ₹462.00 Cr., marking a decrease of 4.00 Cr..
For Borrowings, as of Sep 2024, the value is ₹115.00 Cr.. The value appears to be increasing, which may not be favorable. Additionally, since Reserves exceed Borrowings, this is considered a positive sign. It has increased from 107.00 Cr. (Mar 2024) to ₹115.00 Cr., marking an increase of 8.00 Cr..
For Other Liabilities, as of Sep 2024, the value is ₹42.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 29.00 Cr. (Mar 2024) to ₹42.00 Cr., marking an increase of 13.00 Cr..
For Total Liabilities, as of Sep 2024, the value is ₹650.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 633.00 Cr. (Mar 2024) to ₹650.00 Cr., marking an increase of 17.00 Cr..
For Fixed Assets, as of Sep 2024, the value is ₹248.00 Cr.. The value appears to be declining and may need further review. It has decreased from 254.00 Cr. (Mar 2024) to ₹248.00 Cr., marking a decrease of 6.00 Cr..
For CWIP, as of Sep 2024, the value is ₹5.00 Cr.. The value appears strong and on an upward trend. It has increased from 4.00 Cr. (Mar 2024) to ₹5.00 Cr., marking an increase of 1.00 Cr..
For Investments, as of Sep 2024, the value is ₹0.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded 0.00 Cr..
For Other Assets, as of Sep 2024, the value is ₹397.00 Cr.. The value appears strong and on an upward trend. It has increased from 376.00 Cr. (Mar 2024) to ₹397.00 Cr., marking an increase of 21.00 Cr..
For Total Assets, as of Sep 2024, the value is ₹650.00 Cr.. The value appears strong and on an upward trend. It has increased from 633.00 Cr. (Mar 2024) to ₹650.00 Cr., marking an increase of 17.00 Cr..

Notably, the Reserves (462.00 Cr.) exceed the Borrowings (115.00 Cr.), indicating a solid financial buffer.

Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Cash from Operating Activity +	-11	9	12	37	14	33	49	58	13	36	121	11
Cash from Investing Activity +	-9	-17	-12	-16	-29	-58	-114	-44	-14	-10	-22	-8
Cash from Financing Activity +	19	8	-0	-21	17	85	7	-14	4	-27	-99	-2
Net Cash Flow	-1	0	0	0	3	60	-58	1	3	-2	1	1

Free Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Free Cash Flow	-41.00	-46.00	-57.00	-39.00	-66.00	25.00	-18.00	-76.00	-77.00	-81.00	-8.00	-66.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	52	24	31	25	43	25	39	35	67	52	38	49
Inventory Days	44	47	39	48	44	53	67	117	106	120	88	126
Days Payable	11	15	9	13	21	14	20	29	20	12	8	7
Cash Conversion Cycle	85	56	60	60	66	64	86	123	154	160	118	168
Working Capital Days	80	52	55	52	69	66	87	113	145	145	101	151
ROCE %		28%	29%	27%	26%	40%	24%	18%	13%	12%	11%	5%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
Promoters	72.62%	72.62%	72.62%	72.62%	72.62%	72.62%	72.62%	72.62%	72.62%	72.62%	72.62%	72.62%
FIIs	0.11%	0.10%	0.06%	0.07%	0.06%	0.02%	0.10%	0.02%	0.02%	0.03%	0.00%	1.27%
DIIs	7.53%	6.73%	6.89%	7.28%	7.28%	6.30%	5.90%	4.51%	0.08%	0.00%	0.05%	0.22%
Public	19.74%	20.55%	20.43%	20.03%	20.04%	21.05%	21.37%	22.85%	27.27%	27.35%	27.32%	25.86%
No. of Shareholders	40,737	40,738	39,362	38,187	36,551	37,633	37,899	38,288	40,285	38,947	42,155	39,856

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund Name	No of Shares	AUM (%)	Amount Invested (Cr)	Previous Number of Shares	Previous Date	Percentage Change
Nippon India Small Cap Fund	501,991	0.03	10.74	501,991	2025-04-22 17:25:42	0%

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20
FaceValue	10.00	10.00	10.00	10.00	10.00
Basic EPS (Rs.)	4.67	11.48	13.15	14.17	19.41
Diluted EPS (Rs.)	4.67	11.48	13.15	14.17	19.41
Cash EPS (Rs.)	9.41	17.70	19.07	21.19	24.07
Book Value[Excl.RevalReserv]/Share (Rs.)	159.06	156.79	152.14	140.74	126.68
Book Value[Incl.RevalReserv]/Share (Rs.)	159.06	156.79	152.14	140.74	126.68
Dividend / Share (Rs.)	2.00	2.50	2.50	2.00	2.00
Revenue From Operations / Share (Rs.)	257.31	342.50	292.54	261.91	264.67
PBDIT / Share (Rs.)	14.22	27.13	29.47	31.51	33.92
PBIT / Share (Rs.)	9.48	20.91	23.55	24.48	29.25
PBT / Share (Rs.)	6.26	16.20	17.99	19.39	25.84
Net Profit / Share (Rs.)	4.67	11.48	13.15	14.17	19.41
PBDIT Margin (%)	5.52	7.91	10.07	12.02	12.81
PBIT Margin (%)	3.68	6.10	8.04	9.34	11.05
PBT Margin (%)	2.43	4.73	6.14	7.40	9.76
Net Profit Margin (%)	1.81	3.35	4.49	5.41	7.33
Return on Networth / Equity (%)	2.93	7.32	8.64	10.06	15.31
Return on Capital Employeed (%)	5.77	13.06	14.58	16.35	21.75
Return On Assets (%)	2.30	5.84	6.04	6.74	9.67
Long Term Debt / Equity (X)	0.01	0.01	0.06	0.06	0.06
Total Debt / Equity (X)	0.21	0.18	0.34	0.37	0.36
Asset Turnover Ratio (%)	1.29	1.66	1.37	1.28	1.46
Current Ratio (X)	3.01	2.99	2.39	2.04	1.62
Quick Ratio (X)	1.37	1.41	1.23	1.19	0.73
Inventory Turnover Ratio (X)	3.07	3.76	3.61	3.07	4.49
Dividend Payout Ratio (NP) (%)	53.51	21.77	15.21	0.00	24.84
Dividend Payout Ratio (CP) (%)	26.55	14.12	10.48	0.00	20.02
Earning Retention Ratio (%)	46.49	78.23	84.79	0.00	75.16
Cash Earning Retention Ratio (%)	73.45	85.88	89.52	0.00	79.98
Interest Coverage Ratio (X)	4.42	5.76	5.30	6.19	9.96
Interest Coverage Ratio (Post Tax) (X)	2.45	3.44	3.36	3.78	6.70
Enterprise Value (Cr.)	712.65	683.47	1027.13	804.31	663.09
EV / Net Operating Revenue (X)	0.88	0.63	1.12	0.98	0.80
EV / EBITDA (X)	16.04	8.06	11.15	8.17	6.26
MarketCap / Net Operating Revenue (X)	0.76	0.56	0.95	0.79	0.63
Retention Ratios (%)	46.48	78.22	84.78	0.00	75.15
Price / BV (X)	1.24	1.23	1.83	1.47	1.33
Price / Net Operating Revenue (X)	0.76	0.56	0.95	0.79	0.63
EarningsYield	0.02	0.05	0.04	0.06	0.11

After reviewing the key financial ratios for Apex Frozen Foods Ltd, here is a detailed analysis based on the latest available data and recent trends:

For FaceValue, as of Mar 24, the value is 10.00. This value is within the healthy range. There is no change compared to the previous period (Mar 23) which recorded 10.00.
For Basic EPS (Rs.), as of Mar 24, the value is 4.67. This value is below the healthy minimum of 5. It has decreased from 11.48 (Mar 23) to 4.67, marking a decrease of 6.81.
For Diluted EPS (Rs.), as of Mar 24, the value is 4.67. This value is below the healthy minimum of 5. It has decreased from 11.48 (Mar 23) to 4.67, marking a decrease of 6.81.
For Cash EPS (Rs.), as of Mar 24, the value is 9.41. This value is within the healthy range. It has decreased from 17.70 (Mar 23) to 9.41, marking a decrease of 8.29.
For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 159.06. It has increased from 156.79 (Mar 23) to 159.06, marking an increase of 2.27.
For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 159.06. It has increased from 156.79 (Mar 23) to 159.06, marking an increase of 2.27.
For Dividend / Share (Rs.), as of Mar 24, the value is 2.00. This value is within the healthy range. It has decreased from 2.50 (Mar 23) to 2.00, marking a decrease of 0.50.
For Revenue From Operations / Share (Rs.), as of Mar 24, the value is 257.31. It has decreased from 342.50 (Mar 23) to 257.31, marking a decrease of 85.19.
For PBDIT / Share (Rs.), as of Mar 24, the value is 14.22. This value is within the healthy range. It has decreased from 27.13 (Mar 23) to 14.22, marking a decrease of 12.91.
For PBIT / Share (Rs.), as of Mar 24, the value is 9.48. This value is within the healthy range. It has decreased from 20.91 (Mar 23) to 9.48, marking a decrease of 11.43.
For PBT / Share (Rs.), as of Mar 24, the value is 6.26. This value is within the healthy range. It has decreased from 16.20 (Mar 23) to 6.26, marking a decrease of 9.94.
For Net Profit / Share (Rs.), as of Mar 24, the value is 4.67. This value is within the healthy range. It has decreased from 11.48 (Mar 23) to 4.67, marking a decrease of 6.81.
For PBDIT Margin (%), as of Mar 24, the value is 5.52. This value is below the healthy minimum of 10. It has decreased from 7.91 (Mar 23) to 5.52, marking a decrease of 2.39.
For PBIT Margin (%), as of Mar 24, the value is 3.68. This value is below the healthy minimum of 10. It has decreased from 6.10 (Mar 23) to 3.68, marking a decrease of 2.42.
For PBT Margin (%), as of Mar 24, the value is 2.43. This value is below the healthy minimum of 10. It has decreased from 4.73 (Mar 23) to 2.43, marking a decrease of 2.30.
For Net Profit Margin (%), as of Mar 24, the value is 1.81. This value is below the healthy minimum of 5. It has decreased from 3.35 (Mar 23) to 1.81, marking a decrease of 1.54.
For Return on Networth / Equity (%), as of Mar 24, the value is 2.93. This value is below the healthy minimum of 15. It has decreased from 7.32 (Mar 23) to 2.93, marking a decrease of 4.39.
For Return on Capital Employeed (%), as of Mar 24, the value is 5.77. This value is below the healthy minimum of 10. It has decreased from 13.06 (Mar 23) to 5.77, marking a decrease of 7.29.
For Return On Assets (%), as of Mar 24, the value is 2.30. This value is below the healthy minimum of 5. It has decreased from 5.84 (Mar 23) to 2.30, marking a decrease of 3.54.
For Long Term Debt / Equity (X), as of Mar 24, the value is 0.01. This value is below the healthy minimum of 0.2. There is no change compared to the previous period (Mar 23) which recorded 0.01.
For Total Debt / Equity (X), as of Mar 24, the value is 0.21. This value is within the healthy range. It has increased from 0.18 (Mar 23) to 0.21, marking an increase of 0.03.
For Asset Turnover Ratio (%), as of Mar 24, the value is 1.29. It has decreased from 1.66 (Mar 23) to 1.29, marking a decrease of 0.37.
For Current Ratio (X), as of Mar 24, the value is 3.01. This value exceeds the healthy maximum of 3. It has increased from 2.99 (Mar 23) to 3.01, marking an increase of 0.02.
For Quick Ratio (X), as of Mar 24, the value is 1.37. This value is within the healthy range. It has decreased from 1.41 (Mar 23) to 1.37, marking a decrease of 0.04.
For Inventory Turnover Ratio (X), as of Mar 24, the value is 3.07. This value is below the healthy minimum of 4. It has decreased from 3.76 (Mar 23) to 3.07, marking a decrease of 0.69.
For Dividend Payout Ratio (NP) (%), as of Mar 24, the value is 53.51. This value exceeds the healthy maximum of 50. It has increased from 21.77 (Mar 23) to 53.51, marking an increase of 31.74.
For Dividend Payout Ratio (CP) (%), as of Mar 24, the value is 26.55. This value is within the healthy range. It has increased from 14.12 (Mar 23) to 26.55, marking an increase of 12.43.
For Earning Retention Ratio (%), as of Mar 24, the value is 46.49. This value is within the healthy range. It has decreased from 78.23 (Mar 23) to 46.49, marking a decrease of 31.74.
For Cash Earning Retention Ratio (%), as of Mar 24, the value is 73.45. This value exceeds the healthy maximum of 70. It has decreased from 85.88 (Mar 23) to 73.45, marking a decrease of 12.43.
For Interest Coverage Ratio (X), as of Mar 24, the value is 4.42. This value is within the healthy range. It has decreased from 5.76 (Mar 23) to 4.42, marking a decrease of 1.34.
For Interest Coverage Ratio (Post Tax) (X), as of Mar 24, the value is 2.45. This value is below the healthy minimum of 3. It has decreased from 3.44 (Mar 23) to 2.45, marking a decrease of 0.99.
For Enterprise Value (Cr.), as of Mar 24, the value is 712.65. It has increased from 683.47 (Mar 23) to 712.65, marking an increase of 29.18.
For EV / Net Operating Revenue (X), as of Mar 24, the value is 0.88. This value is below the healthy minimum of 1. It has increased from 0.63 (Mar 23) to 0.88, marking an increase of 0.25.
For EV / EBITDA (X), as of Mar 24, the value is 16.04. This value exceeds the healthy maximum of 15. It has increased from 8.06 (Mar 23) to 16.04, marking an increase of 7.98.
For MarketCap / Net Operating Revenue (X), as of Mar 24, the value is 0.76. This value is below the healthy minimum of 1. It has increased from 0.56 (Mar 23) to 0.76, marking an increase of 0.20.
For Retention Ratios (%), as of Mar 24, the value is 46.48. This value is within the healthy range. It has decreased from 78.22 (Mar 23) to 46.48, marking a decrease of 31.74.
For Price / BV (X), as of Mar 24, the value is 1.24. This value is within the healthy range. It has increased from 1.23 (Mar 23) to 1.24, marking an increase of 0.01.
For Price / Net Operating Revenue (X), as of Mar 24, the value is 0.76. This value is below the healthy minimum of 1. It has increased from 0.56 (Mar 23) to 0.76, marking an increase of 0.20.
For EarningsYield, as of Mar 24, the value is 0.02. This value is below the healthy minimum of 5. It has decreased from 0.05 (Mar 23) to 0.02, marking a decrease of 0.03.

Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Apex Frozen Foods Ltd as of April 28, 2025 is: 1,620.46

Calculation basis:

Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of April 28, 2025, Apex Frozen Foods Ltd is Undervalued by 650.21% compared to the current share price 216.00

Intrinsic Value of Apex Frozen Foods Ltd as of April 28, 2025 is: 830.15

Calculation basis:

Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of April 28, 2025, Apex Frozen Foods Ltd is Undervalued by 284.33% compared to the current share price 216.00

Last 5 Year EPS CAGR: -48.77%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The stock has a high average ROCE of 19.42%, which is a positive sign. The company has higher reserves (260.62 cr) compared to borrowings (109.62 cr), indicating strong financial stability. The company has shown consistent growth in sales (669.15 cr) and profit (46.69 cr) over the years.	The stock has a high average Working Capital Days of 93.00, which may not be favorable. The stock has a high average Cash Conversion Cycle of 100.00, which may not be favorable.

Stock Analysis

Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Apex Frozen Foods Ltd:
1. Net Profit Margin: 1.81%
  - Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
2. ROCE: 5.77% (Industry Average ROCE: 4.65%)
  - ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
3. ROE%: 2.93% (Industry Average ROE: 3.52%)
  - ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
4. Interest Coverage Ratio (Post Tax): 2.45
  - Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
5. Quick Ratio: 1.37
  - Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
6. Stock P/E: 435 (Industry average Stock P/E: 527)
  - Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
7. Total Debt / Equity: 0.21
  - Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
Stock Rating:

About the Company - Qualitative Analysis

Apex Frozen Foods Ltd. is a Public Limited Listed company incorporated on 30/03/2012 and has its registered office in the State of Andhra Pradesh, India. Company's Corporate Identification Number(CIN) is L15490AP2012PLC080067 and registration number is 080067. Currently Company is involved in the business activities of Processing and preserving of fish, crustaceans and molluscs and products thereof. Company's Total Operating Revenue is Rs. 804.10 Cr. and Equity Capital is Rs. 31.25 Cr. for the Year ended 31/03/2024.

INDUSTRY	ADDRESS	CONTACT
Marine Foods	No.3-160, Panasapadu, East Godavari Andhra Pradesh 533005	cs@apexfrozenfoods.com http://www.apexfrozenfoods.in

Management
Name	Position Held
Mr. K Satyanarayana Murthy	Executive Chairman
Mr. K Subrahmanya Chowdary	Managing Director
Mrs. K Neelima Devi	Whole Time Director
Mrs. Deepthi Talluri	Independent Director
Mr. B Raghavulu Naidu	Independent Director
Mr. Govindareddy Krishnamoorthy	Independent Director

FAQ

What is the intrinsic value of Apex Frozen Foods Ltd?

Apex Frozen Foods Ltd's intrinsic value (as of 27 April 2025) is ₹1620.46 — 650.21% higher the current market price of 216.00, indicating undervalued. Calculated using the PE ratio method, this valuation considers the company's 675 Cr. market cap, FY2025-2026 high/low of ₹324/179, reserves of 462 Cr, and liabilities of 650 Cr.

What is the Market Cap of Apex Frozen Foods Ltd?

The Market Cap of Apex Frozen Foods Ltd is 675 Cr..

What is the current Stock Price of Apex Frozen Foods Ltd as on 27 April 2025?

The current stock price of Apex Frozen Foods Ltd as on 27 April 2025 is 216.

What is the High / Low of Apex Frozen Foods Ltd stocks in FY 2025-2026?

In FY 2025-2026, the High / Low of Apex Frozen Foods Ltd stocks is ₹324/179.

What is the Stock P/E of Apex Frozen Foods Ltd?

The Stock P/E of Apex Frozen Foods Ltd is 435.

What is the Book Value of Apex Frozen Foods Ltd?

The Book Value of Apex Frozen Foods Ltd is 158.

What is the Dividend Yield of Apex Frozen Foods Ltd?

The Dividend Yield of Apex Frozen Foods Ltd is 0.93 %.

What is the ROCE of Apex Frozen Foods Ltd?

The ROCE of Apex Frozen Foods Ltd is 4.96 %.

What is the ROE of Apex Frozen Foods Ltd?

The ROE of Apex Frozen Foods Ltd is 2.92 %.

What is the Face Value of Apex Frozen Foods Ltd?

The Face Value of Apex Frozen Foods Ltd is 10.0.