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Apex Frozen Foods Ltd., incorporated in the year 2012, is a Small Cap company (having a market cap of Rs 932.66 Crore) operating in Aquaculture sector.
Apex Frozen Foods Ltd. key Products/Revenue Segments include Food Products and Export Incentives for the year ending 31-Mar-2021.
Financials
Investment Rationale
The brokerage believes the current issue of shortage in shipping containers is temporary and industry outlook has improved given the re-opening of restaurants & caterings in export markets along with strong shrmp export prices. Apex currently trades at 11x 1Yr Fwd P/E (3Yr Avg=16x). It values at 11x on FY23E EPS considering current uncertain situation in the short-term, arrived at a revised Target of Rs.355, and maintain Buy rating.
Promoter/FII Holdings
Promoters held 72.62 per cent stake in the company as of 30-Sep-2021, while FIIs owned 0.11 per cent, DIIs 7.53 per cent.
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