Apex Frozen Foods

My notes summary for conference call -

• List item
  Overall capacity increase from 29,000 MT to 34,000 MT this FY planned.
  This expansion in ready to eat would be available for the second half of the year. Realization 15-20% better for ready-to-eat compared to ready-to-cook

Freight cost for increased 11 K to 18 K

Increase expected in Q1 power cost due to need of running the generators for few days in Q1
Shipment equipment availability has been biggest challenge during last FY; This challenge has been easing currently effective from Q1’23. Volume wise, there would be improvement in Q1’FY23 and for the whole FY23 as well

Looking to increase market share & volumes in EU by penetrating beyond existing 5 countries; also targeting to increase more customers in US.

2,700 MT finished goods inventory as of Mar’22. This is being used during Q1’FY23. Hoping to reduce inventory days in Q1’FY23

Should expect the short term borrowings to come down as working capital days to come down over next few quarters

Fair to expect double digit growth in FY23 and improved margins around 11-12% compared to 9% in Q4’FY22