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Apex Frozen Foods Limited
NSE: APEX · Unclassified
₹324.45-1.14%06 Nov 2026
Ask the data
Instant answers about Apex Frozen Foods Limited — computed from its filings, no language modelMarket cap₹1,014 cr
Current price₹324.45
High / Low₹501 / ₹234
P/E19.7
P/B1.92
Book value₹169.0
ROE9.7%
ROCE13.4%
Debt / equity0.01
Dividend yield0.62%
EPS (TTM)₹16.45
Face value₹10
Price & valuation
split & bonus adjusted · pick a metric and rangeAnnual performance
annual · ₹ crore · line = operating margin| FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 999 | 875 | 827 | 818 | 914 | 1,070 | 804 | 814 | 931 |
| EBITDA | 110 | 90 | 87 | 91 | 79 | 83 | 41 | 25 | 56 |
| Operating margin | 11.0% | 10.2% | 10.5% | 11.1% | 8.7% | 7.8% | 5.1% | 3.1% | 6.0% |
| Interest | 9 | 7 | 11 | 16 | 17 | 15 | 10 | 9 | 4 |
| Depreciation | 9 | 11 | 15 | 22 | 19 | 19 | 15 | 15 | 15 |
| Profit before tax | 113 | 94 | 81 | 61 | 56 | 51 | 20 | 6 | 53 |
| Tax | 33 | 33 | 20 | 16 | 15 | 15 | 5 | 2 | 14 |
| Net profit | 0 | 61 | 61 | 44 | 41 | 36 | 15 | 4 | 39 |
| EPS ₹ | 26.63 | 19.45 | 19.41 | 14.17 | 13.15 | 11.48 | 4.67 | 1.24 | 12.43 |
| Operating cash flow | — | — | — | — | 28 | 121 | 11 | 50 | 96 |
| Capex | — | — | — | — | 11 | 23 | 12 | 5 | 7 |
| Dividend paid | — | — | — | — | 0 | 8 | 8 | 6 | 6 |
| Total assets | — | — | — | — | — | 614 | 633 | 613 | 593 |
| Equity | — | — | — | — | — | 490 | 497 | 494 | 528 |
Quarterly performance
last 35 quarters · ₹ crore| SEP '17† | DEC '17† | MAR '18 | JUN '18 | SEP '18 | DEC '18 | MAR '19 | JUN '19 | SEP '19 | DEC '19 | MAR '20 | JUN '20 | SEP '20 | DEC '20 | MAR '21 | JUN '21 | SEP '21 | DEC '21 | MAR '22 | SEP '22 | DEC '22 | MAR '23 | JUN '23 | SEP '23 | DEC '23 | MAR '24 | JUN '24 | SEP '24 | DEC '24 | MAR '25 | JUN '25 | SEP '25 | DEC '25 | MAR '26 | JUN '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 285 | 263 | 203 | 239 | 256 | 216 | 164 | 222 | 269 | 195 | 141 | 218 | 262 | 156 | 182 | 223 | 267 | 218 | 207 | 293 | 214 | 212 | 254 | 241 | 148 | 162 | 186 | 200 | 231 | 197 | 258 | 238 | 264 | 168 | 257 |
| Operating profit | 31 | 30 | 25 | 32 | 25 | 18 | 15 | 12 | 37 | 24 | 13 | 19 | 43 | 11 | 19 | 9 | 37 | 17 | 16 | 12 | 2 | 8 | 13 | 19 | 8 | 1 | 11 | 4 | 4 | 7 | 15 | 11 | 13 | 13 | 30 |
| Operating margin | 10.8% | 11.4% | 12.3% | 13.5% | 9.7% | 8.3% | 8.9% | 5.5% | 13.8% | 12.5% | 9.5% | 8.5% | 16.2% | 6.9% | 10.4% | 4.1% | 13.7% | 8.0% | 7.9% | 4.1% | 1.1% | 3.6% | 5.1% | 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 income | 7 | 4 | 3 | 5 | 9 | 5 | 3 | 4 | 5 | 4 | 5 | 3 | 2 | 1 | 2 | 5 | 3 | 3 | 3 | 16 | 16 | -5 | 0 | 1 | 1 | 1 | 0 | 1 | 2 | 1 | 3 | 6 | 4 | 4 | 3 |
| Interest | 3 | 2 | 1 | 2 | 2 | 1 | 2 | 2 | 4 | 3 | 2 | 4 | 4 | 4 | 4 | 4 | 5 | 4 | 4 | 5 | 3 | 2 | 3 | 3 | 2 | 2 | 2 | 3 | 3 | 1 | 2 | 1 | 1 | 1 | 0 |
| Depreciation | 2 | 2 | 2 | 3 | 3 | 3 | 3 | 3 | 3 | 4 | 5 | 6 | 7 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 4 | 5 | 5 | 3 | 1 | 4 | 4 | 4 | 4 | 4 | 4 | 3 | 5 | 4 |
| Profit before tax | 33 | 30 | 24 | 33 | 29 | 19 | 13 | 12 | 35 | 22 | 12 | 12 | 34 | 3 | 12 | 5 | 30 | 11 | 10 | 18 | 10 | -3 | 5 | 11 | 4 | -0 | 5 | -2 | -0 | 3 | 13 | 16 | 13 | 11 | 29 |
| Tax | 11 | 11 | 7 | 12 | 9 | 7 | 5 | 3 | 13 | 1 | 3 | 3 | 9 | 1 | 4 | 1 | 8 | 3 | 3 | 5 | 3 | 1 | 1 | 3 | 1 | -0 | 1 | -0 | 0 | 1 | 4 | 4 | 3 | 3 | 7 |
| Net profit | 22 | 19 | 0 | 0 | 20 | 11 | 8 | 8 | 0 | 21 | 9 | 8 | 25 | 0 | 8 | 3 | 22 | 8 | 7 | 14 | 8 | -4 | 4 | 8 | 3 | -0 | 4 | -2 | -0 | 2 | 9 | 12 | 10 | 8 | 22 |
| EPS ₹ | 7.27 | 7.54 | 5.21 | 4.70 | 6.35 | 3.63 | 2.69 | 2.66 | 7.02 | 6.80 | 2.93 | 2.71 | 8.06 | 0.72 | 2.68 | 1.05 | 7.05 | 2.71 | 2.34 | 4.35 | 2.48 | -1.29 | 1.17 | 2.67 | 0.95 | -0.12 | 1.22 | -0.53 | -0.07 | 0.63 | 2.91 | 3.80 | 3.23 | 2.49 | 6.93 |
| Revenue YoY | — | — | — | — | -10.4% | -17.8% | -19.3% | -7.3% | 5.4% | -9.6% | -14.2% | -1.6% | -2.6% | -20.1% | 29.3% | 2.1% | 1.9% | 39.4% | 13.7% | 9.6% | -1.4% | 2.5% | — | -17.9% | -31.0% | -23.7% | -26.7% | -17.0% | 55.8% | 22.1% | 38.8% | 19.5% | 14.5% | -15.0% | -0.6% |
| Profit YoY | — | — | — | — | -10.0% | -39.8% | — | — | -100.0% | 87.2% | 9.0% | 1.9% | — | -100.0% | -8.6% | -61.2% | -12.6% | — | -12.7% | -38.3% | -8.3% | -155.0% | — | -38.6% | -61.7% | — | 4.1% | -120.0% | -107.4% | — | 139.5% | — | — | 297.4% | 138.1% |
Returns & margins
trailing-twelve-month, per quarter| JUN '18 | SEP '18 | DEC '18 | MAR '19 | JUN '19 | SEP '19 | DEC '19 | MAR '20 | JUN '20 | SEP '20 | DEC '20 | MAR '21 | JUN '21 | SEP '21 | DEC '21 | MAR '22 | JUN '23 | SEP '23 | DEC '23 | MAR '24 | JUN '24 | SEP '24 | DEC '24 | MAR '25 | JUN '25 | SEP '25 | DEC '25 | MAR '26 | JUN '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 4.3% | 3.1% | 2.2% | 2.9% | 3.0% | 1.0% | 0.3% | 0.8% | 1.9% | 4.5% | 6.5% | 7.4% | 9.7% |
| ROCE | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 7.5% | 5.9% | 4.6% | 4.9% | 4.8% | 2.6% | 2.1% | 2.5% | 3.9% | 6.9% | 9.0% | 10.8% | 13.4% |
| Net margin | 4.1% | 4.0% | 3.4% | 4.5% | 5.6% | 3.2% | 4.5% | 4.7% | 4.7% | 7.8% | 5.5% | 5.1% | 4.5% | 4.1% | 4.7% | 4.5% | 2.2% | 1.7% | 1.3% | 1.8% | 2.0% | 0.7% | 0.2% | 0.5% | 1.0% | 2.5% | 3.4% | 4.2% | 5.5% |
| EBITDA margin | 11.9% | 11.7% | 10.9% | 10.2% | 8.1% | 9.4% | 10.4% | 10.5% | 11.3% | 12.1% | 11.0% | 11.1% | 9.9% | 9.1% | 9.2% | 8.7% | 3.6% | 4.5% | 5.6% | 5.1% | 5.3% | 3.5% | 2.6% | 3.1% | 3.4% | 4.0% | 4.9% | 5.7% | 7.3% |
| Debt / equity | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 0.18 | 0.17 | 0.17 | 0.22 | 0.22 | 0.23 | 0.23 | 0.15 | 0.15 | 0.08 | 0.08 | 0.01 | 0.01 |
| Interest coverage | 16.37 | 17.84 | 17.51 | 15.30 | 11.79 | 10.00 | 8.93 | 8.59 | 7.31 | 7.38 | 5.55 | 4.81 | 4.27 | 3.76 | 4.23 | 4.23 | 3.44 | 3.21 | 2.76 | 2.94 | 3.05 | 1.65 | 1.22 | 1.64 | 2.62 | 5.82 | 10.49 | 12.81 | 24.43 |
| Asset turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 1.59 | 1.48 | 1.37 | 1.27 | 1.16 | 1.07 | 1.20 | 1.33 | 1.44 | 1.47 | 1.52 | 1.57 | 1.56 |
Balance sheet
equity vs borrowings over time · ₹ crore| SEP '22 | MAR '23 | SEP '23 | MAR '24 | SEP '24 | MAR '25 | SEP '25 | MAR '26 | |
|---|---|---|---|---|---|---|---|---|
| Share capital | 31 | 31 | 31 | 31 | 31 | 31 | 31 | 31 |
| Other equity / reserves | 462 | 459 | 471 | 466 | 462 | 463 | 478 | 497 |
| Total equity | 493 | 490 | 502 | 497 | 493 | 494 | 509 | 528 |
| Borrowings | 160 | 91 | 83 | 107 | 115 | 73 | 41 | 6 |
| Current liabilities | 171 | 114 | 104 | 121 | 141 | 104 | 111 | 53 |
| Non-current liabilities | 19 | 10 | 17 | 16 | 16 | 14 | 10 | 11 |
| Total assets | 683 | 614 | 623 | 633 | 650 | 613 | 631 | 593 |
| Property, plant & equipment | 229 | 242 | 257 | 254 | 248 | 243 | 241 | 239 |
| Capital work-in-progress | 22 | 18 | 1 | 4 | 5 | 4 | 1 | 2 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Inventories | 225 | 180 | 178 | 194 | 204 | 188 | 188 | 167 |
| Receivables | 139 | 112 | 111 | 107 | 112 | 127 | 138 | 109 |
| Cash & equivalents | 8 | 2 | 6 | 3 | 2 | 2 | 5 | 18 |
Cash flow
annual · ₹ crore · line = free cash flow| FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|
| Cash from operations | 28 | 121 | 11 | 50 | 96 |
| Cash from investing | -10 | -22 | -8 | -2 | -2 |
| Cash from financing | -20 | -99 | -2 | -49 | -78 |
| Capex | 11 | 23 | 12 | 5 | 7 |
| Free cash flow | 18 | 98 | -1 | 45 | 89 |
| Dividends paid | 0 | 8 | 8 | 6 | 6 |
Where the assets sit
Mar '26 · ₹ croreFixed assets (PPE)₹239 cr40%
CWIP₹2 cr0%
Inventories₹167 cr28%
Receivables₹109 cr18%
Cash & equivalents₹18 cr3%
Other assets₹58 cr10%
Peer comparison
largest in Unclassified · this company in bold| Company | Market cap ₹cr | Price | P/E | P/B | ROE |
|---|---|---|---|---|---|
| Avantel Limited | 36,86,04,549 | 138.69 | — | 1059360.68 | 0.0% |
| Ducol Organics And Colours Limited | 19,55,275 | 120.00 | — | 20089.13 | 0.0% |
| Jio Platforms Limited | 12,57,181 | 1,406.40 | — | 3.57 | — |
| SBI Funds Management Limited | 1,01,750 | 499.55 | — | — | — |
| Tamilnadu Telecommunication Limited | 91,314 | 9.93 | — | — | — |
| Manipal Health Enterprises Limited | 76,294 | 646.70 | — | — | — |
| INDO-MIM Limited | 59,042 | 1,219.50 | — | — | — |
| AvenuesAI Limited | 45,138 | 129.25 | 153.6 | 9.51 | 6.2% |
| Dhoot Transmission Limited | 32,761 | 1,601.60 | — | 8.11 | — |
| 3M India Limited | 31,071 | 27,570.00 | 53.8 | 17.57 | 32.7% |
| Apex Frozen Foods Limited | 1,014 | 324.45 | 19.7 | 1.92 | 9.7% |
StoxGud checklist: Bearish setup · 3/10
- Price above 50-day average
- Price above 200-day average
- 50-day average above 200-day (uptrend)
- RSI in healthy 40–70 zone
- Positive 1-year return
- Return on equity above 15%
- Debt to equity below 1
- Revenue growing year on year
- Net profit margin above 10%
- P/E below industry median
A rules-based screen of trend, momentum, quality and valuation. Educational only — not a buy or sell recommendation.
Returns & technicals
1 month-5.5%
6 months-35.3%
1 year+33.6%
3Y CAGR+13.5%
5Y CAGR+1.8%
10Y CAGR—
50-day avg₹342.64
200-day avg₹384.74
RSI (14)42
FAQs
What is the share price of Apex Frozen Foods Limited?
Apex Frozen Foods Limited (APEX) closed at ₹324.45 on NSE on 06 Nov 2026.
What is the market cap of Apex Frozen Foods Limited?
₹1,014 crore at the latest close.
What is the P/E ratio of Apex Frozen Foods Limited?
19.7, on trailing-twelve-month earnings from its filings.
How fast is Apex Frozen Foods Limited growing?
Apex Frozen Foods Limited: revenue has compounded at -4.5% a year over three years; net profit at 2.7% a year. Latest-quarter revenue is down 0.6% year on year, profit up 138.1%.
How profitable is Apex Frozen Foods Limited?
On a trailing-twelve-month basis return on equity is 9.7%, return on capital employed 13.4%, operating margin 7.3%, net margin 5.5%.
How much debt does Apex Frozen Foods Limited have?
Apex Frozen Foods Limited is debt-free: debt to equity is 0.01 with borrowings of ₹6 cr against cash of ₹18 cr (balance sheet of 2026-03-31). Operating profit covers interest 24.4 times.
Financials parsed from Apex Frozen Foods Limited's own XBRL filings to NSE (standalone), ₹ crore unless marked. Quarterly from SEP '17, annual from FY18, balance sheet from Sep '22. * = derived (full year or half year minus earlier quarters). † = the company's standalone results as published on BSE, used for quarters before MAR '18 (full years marked † are summed from them); cross-checked against the NSE filings where both exist. Information only, not investment advice.
Apex Frozen Foods Limited · advanced chart