Apex Frozen Foods Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for APEX, BSE:540692 Apex Frozen Foods Ltd.

Apex Frozen Foods Ltd.

30 Jun 2021

224.97

-1.13%

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 all available SMAs

Apex Frozen Foods Ltd.

02 Sep 2020

224.97

-1.13%

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. is trading below all available SMAs

Apex Frozen Foods Ltd.

23 Jun 2020

224.97

-1.13%

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 below all available SMAs

Apex Frozen Foods Ltd.

25 Nov 2019

224.97

-1.13%

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

224.97

-1.13%

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. has an average target of 284.00 from 1 broker.

Apex Frozen Foods Ltd.

30 May 2019

224.97

-1.13%

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

224.97

-1.13%

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...

Apex Frozen Foods Ltd. is trading below all available SMAs

Apex Frozen Foods Ltd.

23 Aug 2017

224.97

-1.13%

Apex Frozen Foods Ltd - IPO

IPO Note: Apex Frozen Foods Ltd.

ICICI Securities Limited

The offer comprises a fresh issue of 72.5 lakh equity shares (~| 125 crore) and an offer for sale of 14.5 lakh equity shares (~| 25 crore). The IPO proceeds will be used for funding new shrimp processing unit of ~20, 000 MTPA (~| 90 crore) and for general...

Apex Frozen Foods Ltd. is trading below all available SMAs

Apex Frozen Foods Ltd.

22 Aug 2017

224.97

-1.13%

Apex Frozen Foods Limited

Apex Frozen Foods Ltd.

SMC online

Incorporated in 1995, Apex Frozen Foods Limited is in the business of produces and exports aquaculture products. It supplies products to food companies, retail chains, restaurants, club stores and distributors. Apex produces two kinds of shrimps namely the Whiteleg shrimp (Litopenaeus vannamei) and the Black Tiger Shrimp (Penaeus monodon). It has operations in the United States, United Kingdom and various European countries. The company's output majorly comprises of variants of processed Vannamei shrimp (White...

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

Apex Frozen Foods Ltd.

21 Aug 2017

224.97

-1.13%

IPO Update - Apex Frozen Foods Ltd

IPO Note: Apex Frozen Foods Ltd.

Choice India

Apex Frozen Foods Ltd. (AFFL) is one of the integrated producer and exporter of shelf stable quality aquaculture products. It supplies its ready-to-cook products to a diversified client base and distributors spread across the USA, UK and various European countries. The company will be utilizing around 70% (Rs. 901.5mn) of the net proceeds for setting up a new shrimp processing unit, while the rest...

Apex Frozen Foods Ltd. is trading below all available SMAs

Is Apex Frozen Foods Ltd. worth buying?

355 Votes:

Buy 81.97%

Sell 7.61%

Hold 10.42%

RESEARCH REPORTS

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