Why are Apex Frozen Foods shares falling 2.5% today? Explained

Shares of Apex Frozen Foods Ltd fell 2.5% on Tuesday, August 26, trading at ₹225.57 on the NSE against the previous close of ₹231.40. The decline comes amid escalating concerns over the U.S. imposing steep tariffs on Indian shrimp exports, a sector that forms the backbone of the company’s business.

Shrimp farmers pushed over the edge

The United States is India’s largest shrimp buyer, accounting for nearly half of the country’s $7 billion shrimp exports. With Washington now enforcing an additional 25% reciprocal tariff from August 28, the effective duty on Indian shrimp exports could climb to almost 60%, one of the steepest rates faced by any of its trading partners.

The tariff shock has already led Indian shrimp exporters to slash prices offered to farmers by nearly 20%, wiping out much of their profits. Farmers in Andhra Pradesh, which produces nearly 70% of India’s shrimp, are particularly vulnerable, with many relying on loans to sustain cultivation.

Apex Frozen Foods market snapshot

• Current price: ₹225.57

• Previous close: ₹231.40

• Day range: ₹225.73 – ₹231.19

• 52-week range: ₹186.55 – ₹286.00

• Market cap: ₹7.07 billion

• P/E ratio: 76.96

With global buyers increasingly shifting shrimp orders to Ecuador — where tariffs remain lower at around 18.8% — Indian exporters like Apex Frozen Foods face rising competitive pressure, further weighing on stock performance.

Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.

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