Buy Apex Frozen Foods, target price Rs 255: Geojit

Geojit has buy call on Apex Frozen Foods with a target price of Rs 255. The current market price of Apex Frozen Foods Ltd. is Rs 217.6.

Apex Frozen Foods Ltd., incorporated in the year 2012, is a Small Cap company (having a market cap of Rs 680.16 Crore) operating in Aquaculture sector.

Apex Frozen Foods Ltd. key Products/Revenue Segments include Food Products, Export Incentives, Other Operating Revenue and Scrap for the year ending 31-Mar-2023.



Financials
For the quarter ended 31-12-2023, the company reported a Standalone Total Income of Rs 148.63 Crore, down -38.46 % from last quarter Total Income of Rs 241.51 Crore and down -35.57 % from last year same quarter Total Income of Rs 230.67 Crore. Company reported net profit after tax of Rs 2.97 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 72.62 per cent stake in the company as of 31-Dec-2023, while FIIs owned 0.03 per cent, DIIs 0.08 per cent.