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.

02 Sep 2020

246.59

-0.80%

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 284.00 from 1 broker.

Apex Frozen Foods Ltd.

29 Jun 2020

246.59

-0.80%

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

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Geojit BNP Paribas upgraded Apex Frozen Foods Ltd. to Buy with a price target of 284.0 on 10 Sep, 2025.

Apex Frozen Foods Ltd.

23 Jun 2020

246.59

-0.80%

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...

Geojit BNP Paribas upgraded Apex Frozen Foods Ltd. to Buy with a price target of 284.0 on 10 Sep, 2025.

Apex Frozen Foods Ltd.

25 Nov 2019

246.59

-0.80%

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 284.00 from 1 broker.

Apex Frozen Foods Ltd.

22 Aug 2019

246.59

-0.80%

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....

Geojit BNP Paribas upgraded Apex Frozen Foods Ltd. to Buy with a price target of 284.0 on 10 Sep, 2025.

Apex Frozen Foods Ltd.

30 May 2019

246.59

-0.80%

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....

Apex Frozen Foods Ltd. has an average target of 284.00 from 1 broker.

Apex Frozen Foods Ltd.

31 Jan 2019

246.59

-0.80%

APEX FROZEN FOODS LIMITED

Buy: Apex Frozen Foods Ltd.

Geojit BNP Paribas

Apex Frozen Foods Ltd (Apex) is an integrated producer and exporter of processed shrimps in Andhra Pradesh. The company has processing capacity of 15,240MT including leased capacity of 6,000MT. Apex has almost doubled its processing capacity during FY14-18 to...