Apex Frozen Foods Limited — PPTs, 02-06-2025: Investor Presentation

1. Financial Highlights:

Net revenue rose 22% YoY to Rs 1973 Mn in Q4, driven by a 20% YoY increase in shrimp realization to Rs 794/kg. Gross profit improved 24% YoY to Rs 588 Mn with margins expanding to 29.6%. EBITDA surged 174% YoY and 23% QoQ to Rs 78 Mn. PAT turned positive at Rs 20 Mn compared to losses in prior quarters. FY25 revenue held steady at Rs 8136 Mn, though EBITDA and PAT declined YoY due to higher raw material costs and investments. Net worth remains stable at around Rs 495 Cr with reduced short-term borrowings, indicating moderate leverage.

2. Strategic Initiatives & Growth Drivers:

Capacity additions include a new 5,000 MT Ready-to-Eat (RTE) line commissioned recently. Value-added products now contribute 26% of sales, up from 15% in FY21. Backward integration continues with three hatcheries producing ~1.2-1.4 billion pathogen-free shrimp seeds and cold storage of 3,500 MT, supporting quality and scale.

3. Business Developments:

Exports gained momentum with EU sales up 70% YoY; the USA accounted for 53% of total sales. The portfolio spans Ready-to-Cook and Ready-to-Eat shrimp variants—specialty peeled, butterflied, seasoned, and cooked—targeted at retail chains and foodservice segments.

4. Market Position & Competitive Advantage:

Apex Frozen Foods is a top Indian processed shrimp exporter with integrated operations across hatchery, farming support, processing, packaging, and logistics near Andhra Pradesh ports. Its diverse product mix and strong presence in high-growth export markets like USA and EU offer scale and differentiation benefits.

5. Investor Implications:

Margin improvement and a return to profitability highlight operational leverage and pricing power amid cost pressures. Growth in value-added products and geographic diversification underline positive growth potential. Monitoring capacity utilization and margin sustainability remains important given global supply and price volatility.