Apex Frozen Foods Ltd

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NSEBSE

223.403.85 (1.75%)

03:52 PM,1st Mar 2024

225.155.15 (2.34%)

04:01 PM,1st Mar 2024

BSE : 540692

NSE : APEX

Sector : Others

ISIN Code : INE346W01013

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Last Updated: Mar 01 2024 | 04:01 PM IST

Market Cap (₹ Cr)

698

Turnover (₹ Cr)

0.33

Volume (Shares)

146031

Face Value

10

52-WK High

285.80

52-WK High Date

12 Jan 2024

52-WK Low

184.00

52-WK Low Date

29 Mar 2023

All Time High

939.00

All Time High Date

07 Dec 2017

All Time Low

132.00

All Time Low Date

24 Mar 2020

Apex Frozen Foods Ltd

Apex Frozen Foods Limited is one of the integrated producer and exporter of processed ready-to-cook shrimp in India. It is fully integrated company with presence across the value chain - Hatchery Farming Processing and Exporting of Shrimp; the company operates 15240 MTPA of processing capacity; 1800 acres of farm land; breeding capacity of over 1bn Specific Pathogen Free (SPF) seeds; cold storage of 1500 MT of finished goods. Farming of shrimp in 1800 acres of land comprising of owned and leased basis contributes 18-20% of the company's total raw material requirement.The company's output majorly comprises of variants of processed Whiteleg shrimp (L.Vannamei) and small quantities of Black Tiger shrimp (P. Monodon) in frozen form; and is sold under the brands owned by customers and also through the company's own brands namely Bay Fresh Bay Harvest and Bay Premium. The Company supplies its ready-to-cook products to a diversified customer base consisting of food companies retail chains restaurants club stores and distributors spread across the developed markets of USA UK and various European countries. The Company strategically focuses on the market of USA which is the largest importer of aquaculture products in the world. The company is promoted by Karuturi Satyanarayana Murthy and Karuturi Subrahmanya Chowdary. For over two decades promoters of the company have been associated with aquaculture business in Andhra Pradesh. Apex Frozen Foods Limited was originally formed as partnership on October 24 1995 under the name 'Apex Exports'. The firm leased a shrimp processing facility and commenced operations in the year 1995. Later in 2004 Apex Exports set up its own shrimp processing facility. During the year under review Apex Exports commenced exports to US markets. In 2006 Apex Exports commenced exports to European market. During the year under review Apex Exports received approval from Export Inspection Counsel of India for export to all countries including European Union (EU).In 2007 Apex Exports received Hazard Analysis and Critical Control Point for shrimp processing by SGS India Private Limited. During the year under review Apex Exports received Certification for Global Standard for Food Safety for Shrimp processing by SGS United Kingdom.In 2008 Apex Exports received 'Best Aquaculture Practices' certificate from Accreditation Committee of Aquaculture Certification Counsel Inc.Apex Exports was converted from a partnership firm into a private limited company with the name 'Apex Frozen Foods Private Limited' on March 30 2012.In 2013 the company displayed its products in Seafood Expo Global held in Brussels. In 2014 the company commenced work for setting up of additional pre processing facilities at Tallarevu. During the year under review the company commenced in-house farming operations for shrimp cultivation. In 2015 the company received a certificate of recognition- three star export house from Directorate General of Foreign Trade Visakhapatnam Ministry of Commerce & Industry Government of India.In 2016 the company set up a pre-processing unit at Tallarevu for meeting additional demands. The Company was converted into a public limited company with the name 'Apex Frozen Foods Limited' on November 29 2016.In 2017 the company commenced farming of shrimp in over 1000 acres of land comprising of owned and leased basis.The company came out with an initial public offer (IPO) during the period from 22 August 2017 to 24 August 2017. The IPO was a combination of fresh issue of 72.50 lakh shares and offer for sale of 14.50 lakh shares by promoter shareholders. The stock debuted at Rs 199.90 on BSE on 4 September 2017 a premium of 14.22% compared with the IPO price of Rs 175 per share. On 23 January 2018 Apex Frozen Foods Limited informed the stock exchanges that the Income Tax Department has conducted search/survey on the premises of the company and on KMP's on 18 to 20 January 2018. The company and management extended cooperation to the Income Tax Authorities further to submit that there is no information discovered which would have a significant impact on the conduct of business of the company. Any information which is considered to be of material impact in nature discovered subsequently will be intimated to the stock exchanges.

Apex Frozen Foods Ltd - Key Fundamentals

PARAMETER VALUES
Market Cap (₹ Cr)

698

EPS - TTM (₹) [S]

3.50

P/E Ratio (X) [S]

1.39

Face Value (₹) 10
Latest Dividend (%)25.00
Latest Dividend Date 22 Sep 2023
Dividend Yield (%) 1.12
Book Value Share (₹) [S]160.62
P/B Ratio (₹) [S]1.39
[*C] Consolidated [*S] Standalone

Funds Owing this Stock

Scheme Name Amount Invested ( ₹ Cr ) No Of Shares Net Asset (%)
Nippon India Small Cap Fund (G) 10.74 501991 0.03
Nippon India Small Cap Fund (B) 10.74 501991 0.03
Nippon India Small Cap Fund - Direct (B) 10.74 501991 0.03
Nippon India Small Cap Fund - Direct (G) 10.74 501991 0.03

Research Reports

Date BrokerActionPrices(Rs)Report
Data Not Found

Stock Strength

Today's Low/High

220.45

228.95

Week Low/High

214.35

234.00

Month Low/High

209.00

285.00

Year Low/High

184.00

286.00

All time Low/High

132.05

939.00

Share Price Returns

Period BSENSE SENSEXNIFTY
1 Week-3.10%-3.21%0.820.57%
1 Month-17.69%-17.75%2.932.96%
3 Month3.98%4.12%9.2810.22%
6 Month-4.04%-4.04%12.7814.94%
1 Year4.20%4.17%24.1328.01%
3 Year-7.32%-7.25%47.9351.33%

Company Info

Company Information

Chairman & Managing Director : Karuturi Satyanarayana Murthy

Executive Director : Karuturi Subrahmanya Chowdary

Whole-time Director : Karuturi Neelima Devi

Independent Director : Datla Chandra Sekhar Raju

Independent Director : Datla Venkata Subba Raju

Independent Director : Mantena Lakshmipathi Raju

Company Secretary : S Sarojini

Registered Office: 3-160 Panasapadu, Kakinada,East Godavari,Andhra Pradesh-533005 Ph: 91-884-2383902/03/04

Email:cs@apexfrozenfoods.com

URL:http://www.apexfrozenfoods.in