Apex Frozen Foods Ltd
NSE:APEX
Apex Frozen Foods Ltd
Apex Frozen Foods Ltd. is a producer and exporter of variants of processed litopenaeus vannamei and black tiger shrimp. The company is headquartered in East Godavari, Andhra Pradesh and currently employs 2,713 full-time employees. The company went IPO on 2017-09-04. The firm produces two kinds of shrimps namely the Whiteleg shrimp (Litopenaeus vannamei) and the Black Tiger Shrimp (Penaeus monodon). The Vannamei shrimp (White shrimp) are sold under the brands: Bay fresh, Bay Harvest and BayPremium. The firm supplies 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 United States of America, United Kingdom, European countries, and China.
Apex Frozen Foods Ltd. is a producer and exporter of variants of processed litopenaeus vannamei and black tiger shrimp. The company is headquartered in East Godavari, Andhra Pradesh and currently employs 2,713 full-time employees. The company went IPO on 2017-09-04. The firm produces two kinds of shrimps namely the Whiteleg shrimp (Litopenaeus vannamei) and the Black Tiger Shrimp (Penaeus monodon). The Vannamei shrimp (White shrimp) are sold under the brands: Bay fresh, Bay Harvest and BayPremium. The firm supplies 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 United States of America, United Kingdom, European countries, and China.
Revenue Growth: Q3 FY26 revenue rose 15% year-on-year to INR 264 crores, driven by strong EU sales and higher realizations.
Profitability Surge: EBITDA jumped 147% year-on-year to INR 17 crores, with EBITDA margin improving by 344 basis points to 6.5%.
Tariff Headwinds Easing: US shrimp tariffs were cut from 50% to 25% in February 2026, expected to support volume recovery in coming quarters.
Diversification Success: Non-US exports reached 51% of total sales, up from 37% two years ago, reducing market concentration risk.
Guidance & Outlook: Management targets INR 1,200+ crores revenue over two years, aims for capacity utilization to rise to 50% in FY27, and expects current EBITDA margin levels to be sustainable.
Ready-to-Eat Expansion: Ready-to-eat segment sales are growing, with further acceleration expected as EU trade agreements take effect.
Working Capital & Debt: Significant reduction in short-term debt, driven by improved collections and inventory management.
