Apex Frozen Foods Ltd. News and Updates

Name: Latest research reports of Apex Frozen Foods Ltd. authored by Geojit BNP Paribas and published by - Trendlyne research reports.
Item: Apex Frozen Foods Ltd.
Rating: 5
Author: Geojit BNP Paribas

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Apex Frozen Foods Ltd.

01 Jul 2021

221.10

-0.73%

Buy Apex Frozen Foods; target of Rs 350: Geojit

Moneycontrol

Geojit is bullish on Apex Frozen Foods has recommended buy rating on the stock with a target price of Rs 350 in its research report dated Jun 30, 2021.

Apex Frozen Foods Ltd. is trading below its 100 day SMA of 226.4

Apex Frozen Foods Ltd.

30 Jun 2021

221.10

-0.73%

APEX FROZEN FOODS LIMITED

Buy: Apex Frozen Foods Ltd.

Target

Geojit BNP Paribas

Currently, the stock trades at 9x 1Yr Fwd P/E (2Yr Avg=14x). We value the stock at 9X FY23E EPS, factoring the current uncertain situation. Healthy volumes in challenging conditions Q4FY21 revenue grew by 29% YoY aided by recovery in volumes along with firm realisation despite reduction in export incentive. In export markets, demand from restaurants & catering saw a sharp contraction which was partly compensated by higher demand from retail segment. Now, with re-opening of institutional segment, demand is likely to pick up. Export prices have also improved recently supported by...

Apex Frozen Foods Ltd. is trading below its 100 day SMA of 226.4

Apex Frozen Foods Ltd.

12 Feb 2021

221.10

-0.73%

Apex Frozen Standalone December 2020 Net Sales at Rs 156.07 crore, down 20.05% Y-o-Y

Moneycontrol

NULL

Apex Frozen Foods Ltd. is trading above its 50 day SMA of 216.7

Apex Frozen Foods Ltd.

02 Sep 2020

221.10

-0.73%

Buy Apex Frozen Foods; target of Rs 340: Geojit

Moneycontrol

Geojit recommended is bullish on Apex Frozen Foods has recommended buy rating on the stock with a target price of Rs 340 in its research report dated September 02, 2020.

Apex Frozen Foods Ltd. has an average target of 245.00 from 1 broker.

Apex Frozen Foods Ltd.

02 Sep 2020

221.10

-0.73%

APEX FROZEN FOODS LIMITED

Buy: Apex Frozen Foods Ltd.

Target

Geojit BNP Paribas

Currently the stock trades at 13x 1Yr Fwd P/E (2Yr Avg=16x). We value the stock at 12X FY22E EPS, considering the current uncertain situation. Covid-19 impacts volumes but better than expected The COVID-19 pandemic has disrupted the industry supply-chain significantly due to global lock-down. Q1FY21 volumes de-grew by 11.4% YoY. April witnessed a significant impact, while May & June saw near-normal levels of operations. The revenue de-growth was mere at 1.6% YoY aided by improvement in realisation and benefit from rupee depreciation. In export markets, demand from restaurants &...

Apex Frozen Foods Ltd. has an average target of 245.00 from 1 broker.

Apex Frozen Foods Ltd.

29 Jun 2020

221.10

-0.73%

Apex Frozen Standalone March 2020 Net Sales at Rs 140.66 crore, down 14.19% Y-o-Y

Moneycontrol

NULL

Apex Frozen Foods Ltd. is trading above its 50 day SMA of 216.7

Apex Frozen Foods Ltd.

23 Jun 2020

221.10

-0.73%

APEX FROZEN FOODS LIMITED

Buy: Apex Frozen Foods Ltd.

Target

Geojit BNP Paribas

Apex Frozen Foods Ltd (Apex) is an integrated producer and exporter of processed shrimps in Andhra Pradesh with an own capacity of 29,240MT . The global lockdown on account of COVID19 pandemic has disrupted...

Apex Frozen Foods Ltd. is trading above its 50 day SMA of 216.7

Apex Frozen Foods Ltd.

25 Nov 2019

221.10

-0.73%

APEX FROZEN FOODS LIMITED

Buy: Apex Frozen Foods Ltd.

Target

Geojit BNP Paribas

New capacity will improve volume & realisation Apex Frozen Foods Ltd (Apex) is an integrated producer and exporter of processed shrimps in Andhra Pradesh. Q2FY20 revenue grew by 5.4%YoY aided by growth in both volumes (2%YoY) and realization (2%YoY). EBITDA margin improved by 410bps YoY supported by improvement in realization, backward integration (hatchery & farms), reduction in storage & processing cost and stable currency. Apex has commenced commercial production from the new capacity (20,000MT, ~2x existing capacity), but waiting for certain approvals for export to US and EU which is expected by December. From the new capacity, 5000MT is for ready to eat (will improve realisation & margin) and management expects no major delay in...

Apex Frozen Foods Ltd. has an average target of 245.00 from 1 broker.

Apex Frozen Foods Ltd.

22 Aug 2019

221.10

-0.73%

APEX FROZEN FOODS LIMITED

Buy: Apex Frozen Foods Ltd.

Target

Geojit BNP Paribas

New capacity ready, support volume & realisation Apex Frozen Foods Ltd (Apex) is an integrated producer and exporter of processed shrimps in Andhra Pradesh. Q1FY20 revenue de-grew by 7%YoY. Adjusting for a one-time item in Q1FY19, decline was 2.8%. Volumes declined by 2%YoY. Gross margin declined by 1150bps due to the procurement of raw material at a relatively higher price on account of pending order execution of the previous quarters....

Apex Frozen Foods Ltd. is trading above its 50 day SMA of 216.7

Apex Frozen Foods Ltd.

30 May 2019

221.10

-0.73%

APEX FROZEN FOODS LIMITED

Buy: Apex Frozen Foods Ltd.

Target

Geojit BNP Paribas

Apex Frozen Foods Ltd (Apex) is an integrated producer and exporter of processed shrimps in Andhra Pradesh. Revenue de-grew by 19%YoY (below expectation) due to 13%YoY decline in volumes and 7% decline in realization. Deficit in supply of required size of shrimps and high base impacted volumes....