Apex Frozen Foods Ltd
Apex Frozen Foods is an integrated producer and exporter of shelf stable quality aquaculture products.
Apex Frozen Foods Ltd, one of the leading producers and exporters of processed shrimp began its operations in 1995 [1] The company’s operations comprise hatchery, farming, pre-processing, processing, and exporting of shelf-stable quality aquaculture products like shrimp. [2]
- Market Cap ₹ 694 Cr.
- Current Price ₹ 222
- High / Low ₹ 286 / 171
- Stock P/E 47.6
- Book Value ₹ 159
- Dividend Yield 1.13 %
- ROCE 5.00 %
- ROE 2.96 %
- Face Value ₹ 10.0
Pros
- Company has been maintaining a healthy dividend payout of 27.9%
Cons
- The company has delivered a poor sales growth of -1.67% over past five years.
- Company has a low return on equity of 6.39% over last 3 years.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Miscellaneous Industry: Aquaculture
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
255 | 514 | 599 | 604 | 699 | 999 | 875 | 827 | 818 | 926 | 1,070 | 804 | |
233 | 482 | 566 | 563 | 654 | 889 | 785 | 740 | 728 | 840 | 987 | 763 | |
Operating Profit | 22 | 33 | 33 | 40 | 44 | 110 | 90 | 87 | 91 | 86 | 83 | 41 |
OPM % | 9% | 6% | 5% | 7% | 6% | 11% | 10% | 11% | 11% | 9% | 8% | 5% |
0 | 0 | 5 | 5 | 11 | 20 | 21 | 19 | 8 | 6 | 2 | 3 | |
Interest | 6 | 8 | 10 | 10 | 11 | 9 | 7 | 11 | 16 | 17 | 15 | 10 |
Depreciation | 3 | 5 | 0 | 5 | 6 | 9 | 11 | 15 | 22 | 19 | 19 | 15 |
Profit before tax | 14 | 20 | 28 | 30 | 37 | 113 | 94 | 81 | 61 | 56 | 51 | 20 |
Tax % | 34% | 34% | 34% | 35% | 33% | 30% | 35% | 25% | 27% | 27% | 29% | 25% |
9 | 13 | 18 | 19 | 25 | 79 | 61 | 61 | 44 | 41 | 36 | 15 | |
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 |
Dividend Payout % | 0% | 0% | 0% | 0% | 10% | 8% | 10% | 0% | 14% | 19% | 22% | 43% |
Compounded Sales Growth | |
---|---|
10 Years: | 5% |
5 Years: | -2% |
3 Years: | -1% |
TTM: | -25% |
Compounded Profit Growth | |
---|---|
10 Years: | 1% |
5 Years: | -25% |
3 Years: | -31% |
TTM: | -59% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | -3% |
3 Years: | -13% |
1 Year: | 4% |
Return on Equity | |
---|---|
10 Years: | 13% |
5 Years: | 9% |
3 Years: | 6% |
Last Year: | 3% |
Balance Sheet
Figures in Rs. Crores
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 15 | 20 | 24 | 24 | 24 | 31 | 31 | 31 | 31 | 31 | 31 | 31 |
Reserves | 9 | 18 | 32 | 51 | 85 | 271 | 324 | 365 | 409 | 437 | 459 | 466 |
63 | 79 | 90 | 79 | 110 | 85 | 108 | 163 | 168 | 167 | 91 | 107 | |
7 | 24 | 19 | 24 | 57 | 43 | 47 | 68 | 49 | 42 | 33 | 29 | |
Total Liabilities | 94 | 141 | 165 | 179 | 277 | 431 | 510 | 627 | 657 | 678 | 614 | 633 |
26 | 40 | 52 | 55 | 83 | 111 | 115 | 280 | 250 | 236 | 242 | 254 | |
CWIP | 0 | 0 | 0 | 8 | 1 | 21 | 116 | 3 | 15 | 22 | 18 | 4 |
Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
68 | 101 | 113 | 116 | 193 | 299 | 279 | 344 | 391 | 420 | 354 | 376 | |
Total Assets | 94 | 141 | 165 | 179 | 277 | 431 | 510 | 627 | 657 | 678 | 614 | 633 |
Cash Flows
Figures in Rs. Crores
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
-11 | 9 | 12 | 37 | 14 | 33 | 49 | 58 | 13 | 36 | 121 | 11 | |
-9 | -17 | -12 | -16 | -29 | -58 | -114 | -44 | -14 | -10 | -22 | -8 | |
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 |
Ratios
Figures in Rs. Crores
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 | 89 | 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 | 104 | 151 |
ROCE % | 28% | 29% | 27% | 26% | 40% | 24% | 18% | 13% | 12% | 11% |
Documents
Announcements
- Closure of Trading Window 1d
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
30 May - TRANSCRIPT OF Q4&FY24 EARNINGS CONFERENCE CALL HELD ON 28TH MAY , 2024
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Compliances-Reg.24(A)-Annual Secretarial Compliance
30 May - Submission of Annual Secretarial Compliance Report for the Financial Year ended 31st march, 2024 issued by M/s. A.S. Ramkumar & Associates, Practicing Company Secretaries.
- Audio Recording Of The Investors' Conference Call Held On 28Th May, 2024 On The Audited Financial Results For The 04Th Quarter And Year Ended 31St March, 2024 28 May
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Announcement under Regulation 30 (LODR)-Investor Presentation
26 May - In Compliance with Regulation 30 read with (Listing Obligations and Disclosure with Part A of Schedule III of the SEBI (LODR) Regulations, 2015 and the …
Annual reports
Concalls
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May 2024Transcript PPT REC
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Dec 2017TranscriptPPT
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Nov 2017Transcript PPT
Product
The company produces variants of processed White shrimp (L. Vannamei) and Black Tiger shrimp (P. Monodon). These are primarily sold under the brands owned by the customers and through its own brands namely Bay Fresh, Bay Harvest, and Bay Premium.
Co. also manufactures ready-to-eat shrimp products. The share of the revenue from this segment has increased to 20% as of FY 22.
[1]