Apex Frozen Foods Ltd Share Price ₹419

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Financials of Apex Frozen Foods Ltd

Quarter-by-quarter operating performance

	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
Sales +	231	212	254	241	148	162	186	200	231	197	258	238	264
Expenses +	212	204	241	222	140	160	175	196	227	191	243	227	251
Operating Profit	18	8	13	19	8	1	11	4	4	7	15	11	13
OPM %	8%	4%	5%	8%	6%	1%	6%	2%	2%	3%	6%	5%	5%
Other Income +	0	-5	0	1	1	1	0	1	2	1	3	9	4
Interest	3	2	3	3	2	2	2	3	3	1	2	1	1
Depreciation	5	4	5	5	3	1	4	4	4	4	4	4	3
Profit before tax	10	-3	5	11	4	-0	5	-2	-0	3	13	16	13
Tax %	25%	38%	28%	27%	17%	-27%	25%	-19%	5%	30%	30%	24%	24%
Net Profit +	8	-4	4	8	3	-0	4	-2	-0	2	9	12	10
EPS in Rs	2.48	-1.29	1.17	2.67	0.95	-0.12	1.22	-0.53	-0.07	0.63	2.91	3.80	3.23

Financials of Apex Frozen Foods Ltd

Annual income statement trend

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales +	514	599	604	699	999	875	827	818	926	1,070	804	814	958
Expenses +	482	566	563	654	889	785	740	728	840	987	764	788	911
Operating Profit	33	33	40	44	110	90	87	91	86	83	40	25	47
OPM %	6%	5%	7%	6%	11%	10%	11%	11%	9%	8%	5%	3%	5%
Other Income +	0	5	5	11	20	21	19	8	6	2	3	5	17
Interest	8	10	10	11	9	7	11	16	17	15	9	9	5
Depreciation	5	0	5	6	9	11	15	22	19	19	15	15	14
Profit before tax	20	28	30	37	113	94	81	61	56	51	20	6	45
Tax %	34%	34%	35%	33%	30%	35%	25%	27%	27%	29%	25%	31%
Net Profit +	13	18	19	25	79	61	61	44	41	36	15	4	33
EPS in Rs	6.71	7.65	8.03	10.47	25.31	19.46	19.40	14.17	13.14	11.48	4.67	1.24	10.57
Dividend Payout %	0%	0%	0%	10%	8%	10%	0%	14%	19%	22%	43%	161%

Financials of Apex Frozen Foods Ltd

Capital structure and asset base

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Sep 2025
Equity Capital	20	24	24	24	31	31	31	31	31	31	31	31	31
Reserves	18	32	51	85	271	324	365	409	437	459	466	463	478
Borrowings +	79	90	79	110	85	108	163	168	167	91	107	73	41
Other Liabilities +	24	19	24	57	43	47	68	49	42	33	29	46	81
Total Liabilities	141	165	179	277	431	510	627	657	678	614	633	613	631
Fixed Assets +	40	52	55	83	111	115	280	250	236	242	254	243	241
CWIP	0	0	8	1	21	116	3	15	22	18	4	4	1
Investments	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Assets +	101	113	116	193	299	279	344	391	420	354	376	367	389
Total Assets	141	165	179	277	431	510	627	657	678	614	633	613	631

Financials of Apex Frozen Foods Ltd

Operating, investing and financing cash movement

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity +	9	12	37	14	33	49	58	13	36	121	11	50
Cash from Investing Activity +	-17	-12	-16	-29	-58	-114	-44	-14	-10	-22	-8	-2
Cash from Financing Activity +	8	-0	-21	17	85	7	-14	4	-27	-99	-2	-49
Net Cash Flow	0	0	0	3	60	-58	1	3	-2	1	1	-1
Free Cash Flow	-8	0	21	-12	-24	-60	20	0	25	100	-1	46
CFO/OP	51%	63%	118%	62%	69%	91%	86%	23%	55%	171%	43%	176%

Financials of Apex Frozen Foods Ltd

Working capital efficiency and return ratios

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Debtor Days	24	31	25	43	25	39	35	67	52	38	49	57
Inventory Days	47	39	48	44	53	67	117	106	120	88	129	118
Days Payable	15	9	13	21	14	20	29	20	12	8	10	16
Cash Conversion Cycle	56	60	60	66	64	86	123	154	160	118	167	158
Working Capital Days	52	8	13	24	39	47	54	83	90	71	107	110
ROCE %	28%	29%	27%	26%	40%	24%	18%	13%	12%	11%	5%	2%