Apex Frozen Foods Ltd
NSE:APEX

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Apex Frozen Foods Ltd Logo
Apex Frozen Foods Ltd
NSE:APEX
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Price: 258.3 INR -3.04% Market Closed
Market Cap: 8.1B INR

Apex Frozen Foods Ltd
Investor Relations

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.

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Last Earnings Call
Fiscal Period
Q2 2026
Call Date
Nov 17, 2025
AI Summary
Q2 2026

Revenue Growth: Net revenue rose 19% year-on-year to INR 238 crores in Q2 FY '26, and 29% year-on-year to INR 497 crores for H1 FY '26.

Profitability Rebound: Gross profit increased 76% year-on-year in Q2 FY '26, with gross margin expanding by 1,200 bps to 39%. EBITDA grew 284% year-on-year to INR 18 crores, and PAT swung to a profit of INR 12 crores from a loss last year.

Margin Expansion: EBITDA and gross margins improved sharply, supported by higher realizations, stable farm gate prices, and lower input costs.

Diversification Progress: Non-U.S. business now accounts for nearly 50% of exports in H1 FY '26, up from 24% in FY '22. EU market saw strong sales growth.

Debt Reduction: Total borrowings dropped to INR 41 crores from INR 167 crores three years ago; net debt-to-equity improved to 0.05x.

Capacity Utilization Plans: Management aims to raise capacity utilization from 30% toward 50% in the next year and up to 70% (20,000 metric tonnes) in the next few years.

Tariff Impact: U.S. tariffs at 50% are affecting volumes, with some customers absorbing costs and others shifting orders; INR 40 crores paid in tariffs in H1 FY '26.

New Markets: Approvals and plans to export to Australia and Russia are underway, with Australia possibly reaching 10% of total business.

Key Financials
Net Revenue
INR 238 crores
Net Revenue (H1 FY '26)
INR 497 crores
Gross Profit
INR 96 crores
Gross Margin
39%
EBITDA
INR 18 crores
EBITDA Margin
7.2%
Profit After Tax
INR 12 crores
Gross Profit (H1 FY '26)
INR 184 crores
Gross Margin (H1 FY '26)
36%
EBITDA (H1 FY '26)
INR 36 crores
EBITDA Margin (H1 FY '26)
7.1%
Profit After Tax (H1 FY '26)
INR 21 crores
Total Borrowings
INR 41 crores
Net Debt-to-Equity Ratio
0.05x
Cash Flow from Operations (H1 FY '26)
INR 46 crores
Sales Volume (Q2 FY '26)
2,606 metric tonnes
Average Realization
INR 870 per kilo
Average Shrimp Purchase Price
INR 321 per kilo
Tariffs Paid (H1 FY '26)
INR 40 crores
Non-U.S. Export Share
nearly 50% (H1 FY '26)
Other Earnings Calls

Management

Mr. Karuturi Satyanarayana Murthy
Executive Chairman
No Bio Available
Mr. Karuturi Subrahmanya Chowdary
CFO, MD & Executive Director
No Bio Available
Ms. Swathi Reddy Billuri
Company Secretary & Compliance Officer
No Bio Available
Ms. Karuturi Neelima Devi
Whole Time Director
No Bio Available
Mr. P. Durga Prasad
Manager of Accounts
No Bio Available
Ms. D. SatyaMadhavi
Manager of Quality & Assurance
No Bio Available

Contacts

Address
ANDHRA PRADESH
East Godavari
3-160, Panasapadu, Kakinada
Contacts
+918842383902
apexfrozenfoods.in