Apex Frozen Foods Ltd.
•₹ 399.60.23%
2026-08-21
PROS
- Latest quarter profit grew 138.1% YoY, showing strong momentum
- Strong cash generation - operating cash flow backs reported profits (CFO/PAT 3.36x)
- Company generates healthy free cash flow
- Company has a consistent dividend-paying track record
- Company maintains a comfortable, low leverage position
CONS
- A large part of profit comes from other income (81.2% of PBT)
- Company has a low return on equity of 3.7% over last 3 years
- Company has a low return on capital employed of 6.0%
- Receivables are growing faster than sales - a possible quality concern
- Interest coverage is weak at 1.6x - earnings barely cover interest
- Company's sales have been declining over the last five years
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
EDIT COLUMNS| S.No. | Name | CMP Rs. | P/E | Mar Cap Rs.Cr. | Div Yld % | NP Qtr Rs.Cr. | Qtr Profit Var % | Sales Qtr Rs.Cr. | Qtr Sales Var % | ROCE % | OPM % |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | APEX | 401.65 | 0.00 | 1255.16 | 0.62 | 21.66 | 138.08 | 256.53 | -0.63 | 2.46 | 11.79 |
| 2. | SHINDL | 164.70 | 38.41 | 645.86 | 0.00 | 6.28 | 16.95 | 120.30 | 4.43 | 11.89 | 10.78 |
| 3. | WATERBASE | 48.92 | 0.00 | 202.66 | 0.00 | 1.19 | 136.13 | 121.49 | 39.42 | -10.64 | 2.77 |
Detailed Comparison with:
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 254 | 241 | 148 | 162 | 186 | 200 | 231 | 197 | 258 | 238 | 264 | 168 | 257 | |
| 241 | 222 | 140 | 160 | 175 | 196 | 227 | 191 | 243 | 227 | 251 | 155 | 231 | |
| Operating Profit | — | — | — | — | — | — | — | — | — | — | — | — | — |
| OPM % | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Income | 0 | 1 | 1 | 1 | 0 | 1 | 2 | 1 | 3 | 6 | 4 | 4 | 3 |
| Interest | 3 | 3 | 2 | 2 | 2 | 3 | 3 | 1 | 2 | 1 | 1 | 1 | 0 |
| Depreciation | 5 | 5 | 3 | 1 | 4 | 4 | 4 | 4 | 4 | 4 | 3 | 5 | 4 |
| 5 | 11 | 4 | -0 | 5 | -2 | -0 | 3 | 13 | 16 | 13 | 11 | 29 | |
| Tax % | 28.63% | 26.52% | 17.27% | 26.53% | 24.55% | 18.54% | -4.76% | 30.39% | 29.78% | 24.04% | 24.42% | 29.63% | 24.22% |
| Net Profit | 4 | 8 | 3 | -0 | 4 | -2 | -0 | 2 | 9 | 12 | 10 | 8 | 22 |
| 1 | 3 | 1 | -0 | 1 | -1 | -0 | 1 | 3 | 4 | 3 | 2 | 1 | |
| Equity Capital | 31 | 31 | 31 | 31 | 31 | 31 | 31 | 31 | 31 | 31 | 31 | 31 | 31 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Equity Capital | 31 | 31 | 31 | 31 | 31 | 31 | 31 | 31 | 31 | 31 | 31 | 31 | 31 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Jun 2023
- 254
- 241
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 3
- Depreciation
- 5
- 5
- Tax %
- 28.63%
- Net Profit
- 4
- 1
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2023
- 241
- 222
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1
- Interest
- 3
- Depreciation
- 5
- 11
- Tax %
- 26.52%
- Net Profit
- 8
- 3
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2023
- 148
- 140
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1
- Interest
- 2
- Depreciation
- 3
- 4
- Tax %
- 17.27%
- Net Profit
- 3
- 1
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2024
- 162
- 160
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1
- Interest
- 2
- Depreciation
- 1
- -0
- Tax %
- 26.53%
- Net Profit
- -0
- -0
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2024
- 186
- 175
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 2
- Depreciation
- 4
- 5
- Tax %
- 24.55%
- Net Profit
- 4
- 1
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2024
- 200
- 196
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1
- Interest
- 3
- Depreciation
- 4
- -2
- Tax %
- 18.54%
- Net Profit
- -2
- -1
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2024
- 231
- 227
- Operating Profit
- —
- OPM %
- —
- Other Income
- 2
- Interest
- 3
- Depreciation
- 4
- -0
- Tax %
- -4.76%
- Net Profit
- -0
- -0
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2025
- 197
- 191
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1
- Interest
- 1
- Depreciation
- 4
- 3
- Tax %
- 30.39%
- Net Profit
- 2
- 1
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2025
- 258
- 243
- Operating Profit
- —
- OPM %
- —
- Other Income
- 3
- Interest
- 2
- Depreciation
- 4
- 13
- Tax %
- 29.78%
- Net Profit
- 9
- 3
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2025
- 238
- 227
- Operating Profit
- —
- OPM %
- —
- Other Income
- 6
- Interest
- 1
- Depreciation
- 4
- 16
- Tax %
- 24.04%
- Net Profit
- 12
- 4
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2025
- 264
- 251
- Operating Profit
- —
- OPM %
- —
- Other Income
- 4
- Interest
- 1
- Depreciation
- 3
- 13
- Tax %
- 24.42%
- Net Profit
- 10
- 3
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2026
- 168
- 155
- Operating Profit
- —
- OPM %
- —
- Other Income
- 4
- Interest
- 1
- Depreciation
- 5
- 11
- Tax %
- 29.63%
- Net Profit
- 8
- 2
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2026
- 257
- 231
- Operating Profit
- —
- OPM %
- —
- Other Income
- 3
- Interest
- 0
- Depreciation
- 4
- 29
- Tax %
- 24.22%
- Net Profit
- 22
- 1
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 604 | 699 | 999 | 875 | 827 | 818 | 926 | 1,070 | 804 | 814 | 927 | |
| 563 | 654 | 889 | 785 | 740 | 728 | 840 | 987 | 764 | 788 | 864 | |
| Operating Profit | 45 | 55 | 130 | 111 | 106 | 98 | 92 | 85 | 44 | 30 | — |
| OPM % | 7 | 8 | 13 | 13 | 13 | 12 | 10 | 8 | 5 | 4 | — |
| Other Income | 5 | 11 | 20 | 22 | 19 | 8 | 6 | 2 | 3 | 5 | 17 |
| Interest | 10 | 11 | 9 | 7 | 11 | 16 | 17 | 15 | 9 | 9 | 3 |
| Depreciation | 5 | 6 | 9 | 11 | 15 | 22 | 19 | 19 | 15 | 15 | 16 |
| 30 | 37 | 113 | 94 | 81 | 61 | 56 | 51 | 20 | 6 | 69 | |
| Tax % | 35 | 33 | 30 | 35 | 25 | 27 | 27 | 29 | 25 | 31 | 25 |
| Net Profit | 19 | 25 | 79 | 61 | 61 | 44 | 41 | 36 | 15 | 4 | 51 |
| EPS | 0 | 0 | 0 | 0 | 0 | 14 | 13 | 11 | 5 | 1 | — |
| Dividend Payout % | 0 | 10 | 8 | 10 | 10 | 14 | 19 | 22 | 43 | 161 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 8 | 10 | 25 | 19 | 19 | 14 | 13 | 11 | 5 | 1 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 8 | 10 | 25 | 19 | 19 | 14 | 13 | 11 | 5 | 1 | — |
Mar 2016
- 604
- 563
- Operating Profit
- 45
- OPM %
- 7
- Other Income
- 5
- Interest
- 10
- Depreciation
- 5
- 30
- Tax %
- 35
- Net Profit
- 19
- EPS
- 0
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 8
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 8
Mar 2017
- 699
- 654
- Operating Profit
- 55
- OPM %
- 8
- Other Income
- 11
- Interest
- 11
- Depreciation
- 6
- 37
- Tax %
- 33
- Net Profit
- 25
- EPS
- 0
- Dividend Payout %
- 10
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 10
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 10
Mar 2018
- 999
- 889
- Operating Profit
- 130
- OPM %
- 13
- Other Income
- 20
- Interest
- 9
- Depreciation
- 9
- 113
- Tax %
- 30
- Net Profit
- 79
- EPS
- 0
- Dividend Payout %
- 8
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 25
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 25
Mar 2019
- 875
- 785
- Operating Profit
- 111
- OPM %
- 13
- Other Income
- 22
- Interest
- 7
- Depreciation
- 11
- 94
- Tax %
- 35
- Net Profit
- 61
- EPS
- 0
- Dividend Payout %
- 10
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 19
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 19
Mar 2020
- 827
- 740
- Operating Profit
- 106
- OPM %
- 13
- Other Income
- 19
- Interest
- 11
- Depreciation
- 15
- 81
- Tax %
- 25
- Net Profit
- 61
- EPS
- 0
- Dividend Payout %
- 10
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 19
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 19
Mar 2021
- 818
- 728
- Operating Profit
- 98
- OPM %
- 12
- Other Income
- 8
- Interest
- 16
- Depreciation
- 22
- 61
- Tax %
- 27
- Net Profit
- 44
- EPS
- 14
- Dividend Payout %
- 14
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 14
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 14
Mar 2022
- 926
- 840
- Operating Profit
- 92
- OPM %
- 10
- Other Income
- 6
- Interest
- 17
- Depreciation
- 19
- 56
- Tax %
- 27
- Net Profit
- 41
- EPS
- 13
- Dividend Payout %
- 19
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 13
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 13
Mar 2023
- 1,070
- 987
- Operating Profit
- 85
- OPM %
- 8
- Other Income
- 2
- Interest
- 15
- Depreciation
- 19
- 51
- Tax %
- 29
- Net Profit
- 36
- EPS
- 11
- Dividend Payout %
- 22
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 11
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 11
Mar 2024
- 804
- 764
- Operating Profit
- 44
- OPM %
- 5
- Other Income
- 3
- Interest
- 9
- Depreciation
- 15
- 20
- Tax %
- 25
- Net Profit
- 15
- EPS
- 5
- Dividend Payout %
- 43
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 5
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 5
Mar 2025
- 814
- 788
- Operating Profit
- 30
- OPM %
- 4
- Other Income
- 5
- Interest
- 9
- Depreciation
- 15
- 6
- Tax %
- 31
- Net Profit
- 4
- EPS
- 1
- Dividend Payout %
- 161
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 1
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 1
TTM
- 927
- 864
- Operating Profit
- —
- OPM %
- —
- Other Income
- 17
- Interest
- 3
- Depreciation
- 16
- 69
- Tax %
- 25
- Net Profit
- 51
- EPS
- —
- Dividend Payout %
- —
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- —
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- —
COMPOUNDED SALES GROWTH
- 10 Years:
- 3%
- 5 Years:
- 0%
- 3 Years:
- -4%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- -14%
- 5 Years:
- -42%
- 3 Years:
- -54%
STOCK PRICE CAGR
- 10 Years:
- —
- 5 Years:
- 10%
- 3 Years:
- 23%
- 1 Year:
- 71%
RETURN ON EQUITY
- 10 Years:
- 16%
- 5 Years:
- 6%
- 3 Years:
- 4%
- Last Year:
- 1%
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| LIABILITIES | - | - | - | - | - | - | - | - | - | - |
| Equity Capital | 24 | 24 | 31 | 31 | 31 | 31 | 31 | 31 | 31 | 31 |
| 51 | 85 | 271 | 324 | 365 | 409 | 437 | 459 | 466 | 463 | |
| 64 | 85 | 72 | 96 | 120 | 138 | 138 | 88 | 96 | 64 | |
| Trade Payables | 16 | 31 | 27 | 31 | 45 | 30 | 21 | 16 | 15 | 26 |
| 23 | 52 | 26 | 24 | 62 | 47 | 51 | 21 | 25 | 29 | |
| Total Liabilities | 179 | 277 | 428 | 507 | 623 | 654 | 678 | 614 | 633 | 613 |
| ASSETS | - | - | - | - | - | - | - | - | - | - |
| 55 | 83 | 111 | 115 | 280 | 250 | 236 | 242 | 254 | 243 | |
| Capital Work in Progress | 8 | 1 | 21 | 116 | 3 | 15 | 22 | 18 | 4 | 4 |
| 60 | 64 | 102 | 106 | 184 | 161 | 203 | 178 | 194 | 188 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 107 | 127 | |
| Cash & Bank | 2 | 5 | 64 | 7 | 7 | 10 | 8 | 10 | 7 | 5 |
| 54 | 125 | 130 | 163 | 149 | 218 | 209 | 165 | 67 | 47 | |
| Total Assets | 179 | 277 | 428 | 507 | 623 | 654 | 678 | 614 | 633 | 613 |
| Total Debt | 79 | 110 | 85 | 108 | 148 | 168 | 167 | 91 | 107 | 73 |
| Net Working Capital | 25 | 51 | 172 | 119 | 129 | 197 | 238 | 220 | 243 | 250 |
| Contingent Liabilities | 14 | 18 | 18 | 7 | 8 | 8 | 0 | 10 | 26 | 33 |
| Book Value per Share | 31.36 | 45.59 | 96.74 | 113.63 | 126.68 | 140.74 | 149.90 | 156.79 | 159.06 | 158.23 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 |
| Total Debt | 79 | 110 | 85 | 108 | 148 | 168 | 167 | 91 | 107 | 73 |
| Net Working Capital | 25 | 51 | 172 | 119 | 129 | 197 | 238 | 220 | 243 | 250 |
| Contingent Liabilities | 14 | 18 | 18 | 7 | 8 | 8 | 0 | 10 | 26 | 33 |
| Book Value per Share | 31.36 | 45.59 | 96.74 | 113.63 | 126.68 | 140.74 | 149.90 | 156.79 | 159.06 | 158.23 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 |
Mar 2016
- Equity Capital
- 24
- 51
- 64
- Trade Payables
- 16
- 23
- Total Liabilities
- 179
- 55
- Capital Work in Progress
- 8
- 60
- 0
- Cash & Bank
- 2
- 54
- Total Assets
- 179
- Total Debt
- 79
- Net Working Capital
- 25
- Contingent Liabilities
- 14
- Book Value per Share
- 31.36
- Face Value
- 10.00
- Total Debt
- 79
- Net Working Capital
- 25
- Contingent Liabilities
- 14
- Book Value per Share
- 31.36
- Face Value
- 10.00
Mar 2017
- Equity Capital
- 24
- 85
- 85
- Trade Payables
- 31
- 52
- Total Liabilities
- 277
- 83
- Capital Work in Progress
- 1
- 64
- 0
- Cash & Bank
- 5
- 125
- Total Assets
- 277
- Total Debt
- 110
- Net Working Capital
- 51
- Contingent Liabilities
- 18
- Book Value per Share
- 45.59
- Face Value
- 10.00
- Total Debt
- 110
- Net Working Capital
- 51
- Contingent Liabilities
- 18
- Book Value per Share
- 45.59
- Face Value
- 10.00
Mar 2018
- Equity Capital
- 31
- 271
- 72
- Trade Payables
- 27
- 26
- Total Liabilities
- 428
- 111
- Capital Work in Progress
- 21
- 102
- 0
- Cash & Bank
- 64
- 130
- Total Assets
- 428
- Total Debt
- 85
- Net Working Capital
- 172
- Contingent Liabilities
- 18
- Book Value per Share
- 96.74
- Face Value
- 10.00
- Total Debt
- 85
- Net Working Capital
- 172
- Contingent Liabilities
- 18
- Book Value per Share
- 96.74
- Face Value
- 10.00
Mar 2019
- Equity Capital
- 31
- 324
- 96
- Trade Payables
- 31
- 24
- Total Liabilities
- 507
- 115
- Capital Work in Progress
- 116
- 106
- 0
- Cash & Bank
- 7
- 163
- Total Assets
- 507
- Total Debt
- 108
- Net Working Capital
- 119
- Contingent Liabilities
- 7
- Book Value per Share
- 113.63
- Face Value
- 10.00
- Total Debt
- 108
- Net Working Capital
- 119
- Contingent Liabilities
- 7
- Book Value per Share
- 113.63
- Face Value
- 10.00
Mar 2020
- Equity Capital
- 31
- 365
- 120
- Trade Payables
- 45
- 62
- Total Liabilities
- 623
- 280
- Capital Work in Progress
- 3
- 184
- 0
- Cash & Bank
- 7
- 149
- Total Assets
- 623
- Total Debt
- 148
- Net Working Capital
- 129
- Contingent Liabilities
- 8
- Book Value per Share
- 126.68
- Face Value
- 10.00
- Total Debt
- 148
- Net Working Capital
- 129
- Contingent Liabilities
- 8
- Book Value per Share
- 126.68
- Face Value
- 10.00
Mar 2021
- Equity Capital
- 31
- 409
- 138
- Trade Payables
- 30
- 47
- Total Liabilities
- 654
- 250
- Capital Work in Progress
- 15
- 161
- 0
- Cash & Bank
- 10
- 218
- Total Assets
- 654
- Total Debt
- 168
- Net Working Capital
- 197
- Contingent Liabilities
- 8
- Book Value per Share
- 140.74
- Face Value
- 10.00
- Total Debt
- 168
- Net Working Capital
- 197
- Contingent Liabilities
- 8
- Book Value per Share
- 140.74
- Face Value
- 10.00
Mar 2022
- Equity Capital
- 31
- 437
- 138
- Trade Payables
- 21
- 51
- Total Liabilities
- 678
- 236
- Capital Work in Progress
- 22
- 203
- 0
- Cash & Bank
- 8
- 209
- Total Assets
- 678
- Total Debt
- 167
- Net Working Capital
- 238
- Contingent Liabilities
- 0
- Book Value per Share
- 149.90
- Face Value
- 10.00
- Total Debt
- 167
- Net Working Capital
- 238
- Contingent Liabilities
- 0
- Book Value per Share
- 149.90
- Face Value
- 10.00
Mar 2023
- Equity Capital
- 31
- 459
- 88
- Trade Payables
- 16
- 21
- Total Liabilities
- 614
- 242
- Capital Work in Progress
- 18
- 178
- 0
- Cash & Bank
- 10
- 165
- Total Assets
- 614
- Total Debt
- 91
- Net Working Capital
- 220
- Contingent Liabilities
- 10
- Book Value per Share
- 156.79
- Face Value
- 10.00
- Total Debt
- 91
- Net Working Capital
- 220
- Contingent Liabilities
- 10
- Book Value per Share
- 156.79
- Face Value
- 10.00
Mar 2024
- Equity Capital
- 31
- 466
- 96
- Trade Payables
- 15
- 25
- Total Liabilities
- 633
- 254
- Capital Work in Progress
- 4
- 194
- 107
- Cash & Bank
- 7
- 67
- Total Assets
- 633
- Total Debt
- 107
- Net Working Capital
- 243
- Contingent Liabilities
- 26
- Book Value per Share
- 159.06
- Face Value
- 10.00
- Total Debt
- 107
- Net Working Capital
- 243
- Contingent Liabilities
- 26
- Book Value per Share
- 159.06
- Face Value
- 10.00
Mar 2025
- Equity Capital
- 31
- 463
- 64
- Trade Payables
- 26
- 29
- Total Liabilities
- 613
- 243
- Capital Work in Progress
- 4
- 188
- 127
- Cash & Bank
- 5
- 47
- Total Assets
- 613
- Total Debt
- 73
- Net Working Capital
- 250
- Contingent Liabilities
- 33
- Book Value per Share
- 158.23
- Face Value
- 10.00
- Total Debt
- 73
- Net Working Capital
- 250
- Contingent Liabilities
- 33
- Book Value per Share
- 158.23
- Face Value
- 10.00
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 37 | 14 | 33 | 49 | 58 | 13 | 36 | 121 | 11 | 50 | |
| Cash from Investing | -16 | -29 | -58 | -114 | -44 | -14 | -10 | -22 | -8 | -2 |
| Cash from Financing | -21 | 17 | 85 | 7 | -14 | 4 | -27 | -99 | -2 | -49 |
| 0 | 3 | 60 | -58 | 1 | 3 | -2 | 1 | 1 | -1 | |
| Free Cash Flow | 22 | -12 | -24 | -60 | -8 | 8 | 25 | 108 | 2 | 49 |
| OCF / Net Profit | 1.94 | 0.57 | 0.42 | 0.81 | 0.96 | 0.29 | 0.87 | 3.38 | 0.76 | 12.94 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | -82 | -96 | -58 | 74 | 136 | 193 |
| OCF / Net Profit | 1.94 | 0.57 | 0.42 | 0.81 | 0.96 | 0.29 | 0.87 | 3.38 | 0.76 | 12.94 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | -82 | -96 | -58 | 74 | 136 | 193 |
Mar 2016
- 37
- Cash from Investing
- -16
- Cash from Financing
- -21
- 0
- Free Cash Flow
- 22
- OCF / Net Profit
- 1.94
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 1.94
- Cumulative 5-Year FCF
- 0
Mar 2017
- 14
- Cash from Investing
- -29
- Cash from Financing
- 17
- 3
- Free Cash Flow
- -12
- OCF / Net Profit
- 0.57
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 0.57
- Cumulative 5-Year FCF
- 0
Mar 2018
- 33
- Cash from Investing
- -58
- Cash from Financing
- 85
- 60
- Free Cash Flow
- -24
- OCF / Net Profit
- 0.42
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 0.42
- Cumulative 5-Year FCF
- 0
Mar 2019
- 49
- Cash from Investing
- -114
- Cash from Financing
- 7
- -58
- Free Cash Flow
- -60
- OCF / Net Profit
- 0.81
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 0.81
- Cumulative 5-Year FCF
- 0
Mar 2020
- 58
- Cash from Investing
- -44
- Cash from Financing
- -14
- 1
- Free Cash Flow
- -8
- OCF / Net Profit
- 0.96
- Cumulative 5-Year FCF
- -82
- OCF / Net Profit
- 0.96
- Cumulative 5-Year FCF
- -82
Mar 2021
- 13
- Cash from Investing
- -14
- Cash from Financing
- 4
- 3
- Free Cash Flow
- 8
- OCF / Net Profit
- 0.29
- Cumulative 5-Year FCF
- -96
- OCF / Net Profit
- 0.29
- Cumulative 5-Year FCF
- -96
Mar 2022
- 36
- Cash from Investing
- -10
- Cash from Financing
- -27
- -2
- Free Cash Flow
- 25
- OCF / Net Profit
- 0.87
- Cumulative 5-Year FCF
- -58
- OCF / Net Profit
- 0.87
- Cumulative 5-Year FCF
- -58
Mar 2023
- 121
- Cash from Investing
- -22
- Cash from Financing
- -99
- 1
- Free Cash Flow
- 108
- OCF / Net Profit
- 3.38
- Cumulative 5-Year FCF
- 74
- OCF / Net Profit
- 3.38
- Cumulative 5-Year FCF
- 74
Mar 2024
- 11
- Cash from Investing
- -8
- Cash from Financing
- -2
- 1
- Free Cash Flow
- 2
- OCF / Net Profit
- 0.76
- Cumulative 5-Year FCF
- 136
- OCF / Net Profit
- 0.76
- Cumulative 5-Year FCF
- 136
Mar 2025
- 50
- Cash from Investing
- -2
- Cash from Financing
- -49
- -1
- Free Cash Flow
- 49
- OCF / Net Profit
- 12.94
- Cumulative 5-Year FCF
- 193
- OCF / Net Profit
- 12.94
- Cumulative 5-Year FCF
- 193
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| PER SHARE | - | - | - | - | - | - | - | - | - | - |
| EPS (₹) | 8.03 | 10.47 | 25.31 | 19.45 | 19.41 | 14.17 | 13.14 | 11.48 | 4.67 | 1.24 |
| Book Value (₹) | 31.36 | 45.59 | 96.74 | 113.63 | 126.68 | 140.74 | 149.90 | 156.79 | 159.06 | 158.23 |
| Dividend per Share (₹) | 0.00 | 1.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.50 | 2.50 | 2.00 | 2.00 |
| Cash EPS (₹) | 10.09 | 13.08 | 28.08 | 22.93 | 24.08 | 21.19 | 19.07 | 17.70 | 9.41 | 6.15 |
| PROFITABILITY | - | - | - | - | - | - | - | - | - | - |
| Operating Margin % | 7.48% | 7.86% | 13.01% | 12.70% | 12.81% | 12.03% | 9.94% | 7.92% | 5.01% | 3.09% |
| Net Margin % | 3.19% | 3.60% | 7.92% | 6.95% | 7.33% | 5.41% | 4.43% | 3.35% | 1.81% | 0.48% |
| ROE % | 29.38% | 27.21% | 38.42% | 18.50% | 16.15% | 10.60% | 9.04% | 7.49% | 2.96% | 0.78% |
| ROCE % | 26.72% | 26.02% | 39.93% | 23.56% | 18.16% | 13.29% | 11.84% | 10.75% | 4.88% | 2.46% |
| 11.21% | 11.03% | 22.46% | 13.02% | 10.74% | 6.93% | 6.17% | 5.55% | 2.34% | 0.62% | |
| EFFICIENCY | - | - | - | - | - | - | - | - | - | - |
| Debtor Days | 28 | 32 | 27 | 34 | 38 | 51 | 56 | 42 | 50 | 52 |
| Inventory Days | 33 | 32 | 30 | 43 | 64 | 77 | 72 | 65 | 84 | 86 |
| Payable Days | 11 | 16 | 15 | 18 | 24 | 25 | 15 | 9 | 10 | 13 |
| 50 | 49 | 43 | 59 | 78 | 103 | 112 | 98 | 124 | 125 | |
| FINANCIAL HEALTH | - | - | - | - | - | - | - | - | - | - |
| Debt to Equity (x) | 1.05x | 1.01x | 0.28x | 0.30x | 0.37x | 0.38x | 0.36x | 0.18x | 0.22x | 0.15x |
| Interest Coverage (x) | 3.86x | 4.34x | 13.94x | 15.30x | 8.59x | 4.81x | 4.23x | 4.44x | 3.09x | 1.64x |
| 1.28x | 1.36x | 2.45x | 1.82x | 1.62x | 2.04x | 2.36x | 2.93x | 3.01x | 3.39x | |
| GROWTH | - | - | - | - | - | - | - | - | - | - |
| Revenue Growth % | 0.70% | 15.77% | 42.93% | -12.41% | -5.44% | -1.04% | 13.16% | 15.56% | -24.87% | 1.18% |
| Operating Profit Growth % | 18.82% | 21.75% | 136.50% | -14.49% | -4.58% | -7.10% | -6.46% | -7.96% | -48.43% | -31.99% |
| Net Profit Growth % | 5.03% | 30.33% | 214.81% | -23.14% | -0.25% | -26.97% | -7.25% | -12.66% | -59.30% | -73.45% |
| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | -59.30% | -73.45% | |
| VALUATION | - | - | - | - | - | - | - | - | - | - |
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 42.17x | 169.73x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 1.24x | 1.33x |
| Dividend Yield % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 1.02% | 0.95% |
| 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 16.36x | 24.40x |
Mar 2016
- EPS (₹)
- 8.03
- Book Value (₹)
- 31.36
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 10.09
- Operating Margin %
- 7.48%
- Net Margin %
- 3.19%
- ROE %
- 29.38%
- ROCE %
- 26.72%
- 11.21%
- Debtor Days
- 28
- Inventory Days
- 33
- Payable Days
- 11
- 50
- Debt to Equity (x)
- 1.05x
- Interest Coverage (x)
- 3.86x
- 1.28x
- Revenue Growth %
- 0.70%
- Operating Profit Growth %
- 18.82%
- Net Profit Growth %
- 5.03%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2017
- EPS (₹)
- 10.47
- Book Value (₹)
- 45.59
- Dividend per Share (₹)
- 1.00
- Cash EPS (₹)
- 13.08
- Operating Margin %
- 7.86%
- Net Margin %
- 3.60%
- ROE %
- 27.21%
- ROCE %
- 26.02%
- 11.03%
- Debtor Days
- 32
- Inventory Days
- 32
- Payable Days
- 16
- 49
- Debt to Equity (x)
- 1.01x
- Interest Coverage (x)
- 4.34x
- 1.36x
- Revenue Growth %
- 15.77%
- Operating Profit Growth %
- 21.75%
- Net Profit Growth %
- 30.33%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2018
- EPS (₹)
- 25.31
- Book Value (₹)
- 96.74
- Dividend per Share (₹)
- 2.00
- Cash EPS (₹)
- 28.08
- Operating Margin %
- 13.01%
- Net Margin %
- 7.92%
- ROE %
- 38.42%
- ROCE %
- 39.93%
- 22.46%
- Debtor Days
- 27
- Inventory Days
- 30
- Payable Days
- 15
- 43
- Debt to Equity (x)
- 0.28x
- Interest Coverage (x)
- 13.94x
- 2.45x
- Revenue Growth %
- 42.93%
- Operating Profit Growth %
- 136.50%
- Net Profit Growth %
- 214.81%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2019
- EPS (₹)
- 19.45
- Book Value (₹)
- 113.63
- Dividend per Share (₹)
- 2.00
- Cash EPS (₹)
- 22.93
- Operating Margin %
- 12.70%
- Net Margin %
- 6.95%
- ROE %
- 18.50%
- ROCE %
- 23.56%
- 13.02%
- Debtor Days
- 34
- Inventory Days
- 43
- Payable Days
- 18
- 59
- Debt to Equity (x)
- 0.30x
- Interest Coverage (x)
- 15.30x
- 1.82x
- Revenue Growth %
- -12.41%
- Operating Profit Growth %
- -14.49%
- Net Profit Growth %
- -23.14%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2020
- EPS (₹)
- 19.41
- Book Value (₹)
- 126.68
- Dividend per Share (₹)
- 2.00
- Cash EPS (₹)
- 24.08
- Operating Margin %
- 12.81%
- Net Margin %
- 7.33%
- ROE %
- 16.15%
- ROCE %
- 18.16%
- 10.74%
- Debtor Days
- 38
- Inventory Days
- 64
- Payable Days
- 24
- 78
- Debt to Equity (x)
- 0.37x
- Interest Coverage (x)
- 8.59x
- 1.62x
- Revenue Growth %
- -5.44%
- Operating Profit Growth %
- -4.58%
- Net Profit Growth %
- -0.25%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2021
- EPS (₹)
- 14.17
- Book Value (₹)
- 140.74
- Dividend per Share (₹)
- 2.00
- Cash EPS (₹)
- 21.19
- Operating Margin %
- 12.03%
- Net Margin %
- 5.41%
- ROE %
- 10.60%
- ROCE %
- 13.29%
- 6.93%
- Debtor Days
- 51
- Inventory Days
- 77
- Payable Days
- 25
- 103
- Debt to Equity (x)
- 0.38x
- Interest Coverage (x)
- 4.81x
- 2.04x
- Revenue Growth %
- -1.04%
- Operating Profit Growth %
- -7.10%
- Net Profit Growth %
- -26.97%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2022
- EPS (₹)
- 13.14
- Book Value (₹)
- 149.90
- Dividend per Share (₹)
- 2.50
- Cash EPS (₹)
- 19.07
- Operating Margin %
- 9.94%
- Net Margin %
- 4.43%
- ROE %
- 9.04%
- ROCE %
- 11.84%
- 6.17%
- Debtor Days
- 56
- Inventory Days
- 72
- Payable Days
- 15
- 112
- Debt to Equity (x)
- 0.36x
- Interest Coverage (x)
- 4.23x
- 2.36x
- Revenue Growth %
- 13.16%
- Operating Profit Growth %
- -6.46%
- Net Profit Growth %
- -7.25%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2023
- EPS (₹)
- 11.48
- Book Value (₹)
- 156.79
- Dividend per Share (₹)
- 2.50
- Cash EPS (₹)
- 17.70
- Operating Margin %
- 7.92%
- Net Margin %
- 3.35%
- ROE %
- 7.49%
- ROCE %
- 10.75%
- 5.55%
- Debtor Days
- 42
- Inventory Days
- 65
- Payable Days
- 9
- 98
- Debt to Equity (x)
- 0.18x
- Interest Coverage (x)
- 4.44x
- 2.93x
- Revenue Growth %
- 15.56%
- Operating Profit Growth %
- -7.96%
- Net Profit Growth %
- -12.66%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2024
- EPS (₹)
- 4.67
- Book Value (₹)
- 159.06
- Dividend per Share (₹)
- 2.00
- Cash EPS (₹)
- 9.41
- Operating Margin %
- 5.01%
- Net Margin %
- 1.81%
- ROE %
- 2.96%
- ROCE %
- 4.88%
- 2.34%
- Debtor Days
- 50
- Inventory Days
- 84
- Payable Days
- 10
- 124
- Debt to Equity (x)
- 0.22x
- Interest Coverage (x)
- 3.09x
- 3.01x
- Revenue Growth %
- -24.87%
- Operating Profit Growth %
- -48.43%
- Net Profit Growth %
- -59.30%
- -59.30%
- P/E (x)
- 42.17x
- P/B (x)
- 1.24x
- Dividend Yield %
- 1.02%
- 16.36x
Mar 2025
- EPS (₹)
- 1.24
- Book Value (₹)
- 158.23
- Dividend per Share (₹)
- 2.00
- Cash EPS (₹)
- 6.15
- Operating Margin %
- 3.09%
- Net Margin %
- 0.48%
- ROE %
- 0.78%
- ROCE %
- 2.46%
- 0.62%
- Debtor Days
- 52
- Inventory Days
- 86
- Payable Days
- 13
- 125
- Debt to Equity (x)
- 0.15x
- Interest Coverage (x)
- 1.64x
- 3.39x
- Revenue Growth %
- 1.18%
- Operating Profit Growth %
- -31.99%
- Net Profit Growth %
- -73.45%
- -73.45%
- P/E (x)
- 169.73x
- P/B (x)
- 1.33x
- Dividend Yield %
- 0.95%
- 24.40x
Documents
Announcements
- Analysts/Institutional Investor Meet/Con. Call Updates
2026-08-18 - Apex Frozen Foods Limited has informed the Exchange about Link of Recording
- Investor Presentation
2026-08-15 - Apex Frozen Foods Limited has informed the Exchange about Investor Presentation
Annual Reports
Credit Ratings
Nothing filed yet.
Concalls
Aug 2026
Jun 2026
Feb 2026