Apex Foods Limited (APEXFOODS) surged 19.58% to Tk 311.50 on 5 October 2026 following the release of its FY2025-26 results, which showed EPS of Tk 14.21 versus Tk 6.41 in the previous year, while the company maintained a 20% cash dividend. Empire Capital Research examines whether the earnings improvement and price breakout represent a sustainable rerating. The report reviews five-year financial performance, earnings quality, cash flow, valuation, technical structure, shareholder positioning and the company's exposure to Apex Spinning & Knitting Mills. Despite stronger momentum, key considerations include the concentration of FY2025-26 earnings in the fourth quarter, dependence of reported NAV on listed investments, low capacity utilization and liquidity risk.
Apex Foods Limited
DSE: APEXFOODS | Food & Allied | Category A | 5 October 2026
Analyst view
Apex Foods rose 19.6% to Tk 311.50 today after reporting FY2025-26 EPS of Tk 14.21, more than double last year's Tk 6.41, with an unchanged 20% cash dividend. The primary trend has turned up and momentum is strong, but the result rests on one exceptional quarter, and NAV rests on the market price of a sister-company shareholding.
The setup echoes April-May 2023, when a strong PSI was followed by a blow-off to Tk 527.90 and a 68% decline. Two things differ this time: the multiple is about 22x against 53x then, and weekly and monthly momentum are not yet overbought.
Market snapshot (2:10 PM, 5 October 2026)
Item | Value | Item | Value |
|---|---|---|---|
Last traded price | Tk 311.50 | Shares outstanding | 5,702,400 |
Change on the day | +Tk 51.00 (+19.58%) | Market cap at Tk 311.50 | about Tk 1,776 mn |
Previous close | Tk 260.50 | Free float | 46.6% (about Tk 828 mn) |
Open / day range | Tk 277.00 / 272.00 - 318.40 | EPS FY2025-26 | Tk 14.21 |
52-week range before today | Tk 195.00 - 313.90 | Trailing P/E | 21.9x |
Volume / trades | 572,321 shares / 5,176 | NAV per share (30 Jun 2026) | Tk 241.97 |
Value traded | Tk 169.28 mn | Price / NAV | 1.29x |
Paid-up capital | Tk 57.02 mn (Tk 10 par) | Dividend yield | 0.64% (Tk 2.00) |
Source: DSE company page and broker terminal, 5 October 2026. DSE displays market cap of Tk 1,485 mn, calculated on the previous close.
1. Price-sensitive information (PSI) as of 5th Oct, 2026
Today's move follows the FY2025-26 results and dividend disclosure published on DSE this morning. "PSI" is read throughout this report as price-sensitive information, the DSE disclosure category.
Disclosure item | FY2025-26 (Jul 2025 - Jun 2026) | FY2024-25 |
|---|---|---|
Board meeting date | 4 October… |
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