Apcotex Industries Ltd (IN:APCOTEXIND)
:APCOTEXIND
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Apcotex Industries Ltd
(APCOTEXIND)
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Rating:65Neutral
Price Target:
₹550.00
▲(48.93% Upside)
Action:Reiterated
Date:05/08/26
The score is driven primarily by solid financial health (low and improving leverage, strong multi-year growth, and improved FY2026 cash generation), tempered by historical volatility in margins and cash-flow reliability. Technically, the uptrend is strong but indicators are overbought, increasing near-term risk; valuation is reasonable but not especially supported by yield.
Positive Factors
Improving Balance Sheet
The company's materially lower leverage and steadily growing equity improve financial flexibility and reduce refinancing risk. A debt-to-equity near 0.16 supports capacity for capex, working capital cycles, or opportunistic M&A without stressing cash flows over the medium term.
Negative Factors
Volatile Profitability
Large swings in margins reduce earnings visibility and make planning harder for capex or dividends. Persistent margin cyclicality suggests sensitivity to feedstock or product mix changes, increasing risk that a future downturn could quickly compress profitability and cash generation.
Read all positive and negative factors
Positive Factors
Negative Factors
Improving Balance Sheet
The company's materially lower leverage and steadily growing equity improve financial flexibility and reduce refinancing risk. A debt-to-equity near 0.16 supports capacity for capex, working capital cycles, or opportunistic M&A without stressing cash flows over the medium term.
Read all positive factors
Apcotex Industries Ltd (APCOTEXIND) vs. iShares MSCI India ETF (INDA)
Market Cap
₹26.15B
Dividend Yield1.75%
Average Volume (3M)2.45K
Price to Earnings (P/E)16.1
Beta (1Y)0.69
Revenue Growth3.53%
EPS Growth87.57%
CountryIN
Employees565
SectorBasic Materials
Sector Strength58
IndustryChemicals - Specialty
Share Statistics
EPS (TTM)14.04
Shares Outstanding51,844,960
10 Day Avg. Volume2,048
30 Day Avg. Volume2,447
Financial Highlights & Ratios
PEG Ratio0.18
Price to Book (P/B)2.62
Price to Sales (P/S)1.13
P/FCF Ratio10.81
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)22.6
Revenue Forecast (FY)₹16.91B
Apcotex Industries Ltd Business Overview & Revenue Model
Company Description
Apcotex Industries Limited produces and sells synthetic emulsion polymers in India. It offers synthetic latexes, such as carboxylated styrene butadiene, styrene acrylic, vinyl pyridine, and nitrile latexes; and synthetic rubber, including nitrile,...
How the Company Makes Money
Apcotex makes money mainly by manufacturing and selling synthetic rubber and rubber chemicals to downstream industrial users. The largest revenue stream is typically the sale of synthetic rubber grades such as ESBR (commonly used in tyres and gene...
Apcotex Industries Ltd Financial Statement Overview
Summary
Income Statement
64
Positive
Balance Sheet
78
Positive
Cash Flow
58
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 14.17B | 14.41B | 13.92B | 11.13B | 10.69B | 9.51B |
| Gross Profit | 3.58B | 3.06B | 3.62B | 3.30B | 3.56B | 1.99B |
| EBITDA | 1.62B | 1.77B | 1.25B | 1.22B | 1.66B | 1.48B |
| Net Income | 727.66M | 1.01B | 540.65M | 538.79M | 1.08B | 988.06M |
Balance Sheet | ||||||
| Total Assets | 9.41B | 9.86B | 9.99B | 9.22B | 8.03B | 6.05B |
| Cash, Cash Equivalents and Short-Term Investments | 809.80M | 684.22M | 616.38M | 377.27M | 302.00M | 172.71M |
| Total Debt | 1.35B | 963.92M | 1.89B | 1.88B | 1.52B | 502.64M |
| Total Liabilities | 3.61B | 3.65B | 4.46B | 4.00B | 3.27B | 2.09B |
| Stockholders Equity | 5.80B | 6.21B | 5.53B | 5.22B | 4.76B | 3.96B |
Cash Flow | ||||||
| Free Cash Flow | 861.48M | 1.51B | 347.68M | 124.39M | -656.34M | -204.09M |
| Operating Cash Flow | 1.07B | 1.95B | 847.20M | 402.12M | 1.21B | 475.44M |
| Investing Cash Flow | -117.66M | -602.53M | -287.49M | -196.35M | -1.79B | -670.64M |
| Financing Cash Flow | -840.20M | -1.30B | -444.87M | -129.89M | 707.79M | 119.27M |
Apcotex Industries Ltd Technical Analysis
Positive
369.30
Price Trends
393.49
Positive
378.63
Positive
383.65
Positive
Market Momentum
31.30
Negative
71.12
Negative
48.76
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:APCOTEXIND, the sentiment is Positive. The current price of 369.3 is below the 20-day moving average (MA) of 443.91, below the 50-day MA of 393.49, and below the 200-day MA of 383.65, indicating a bullish trend. The MACD of 31.30 indicates Negative momentum. The RSI at 71.12 is Negative, neither overbought nor oversold. The STOCH value of 48.76 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:APCOTEXIND.
Apcotex Industries Ltd Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | ₹23.72B | 10.42 | ― | 4.47% | -8.71% | 0.04% | |
65 Neutral | ₹26.15B | 16.06 | ― | 1.75% | 3.53% | 87.57% | |
65 Neutral | ₹11.65B | 17.66 | ― | 0.52% | 21.13% | 18.86% | |
63 Neutral | ₹26.40B | 7.56 | ― | 1.10% | -16.17% | -6.43% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
55 Neutral | ₹12.46B | 32.51 | ― | ― | ― | ― |
* Basic Materials Sector Average
IN:APCOTEXIND
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23.28%
Apcotex Industries Ltd Corporate Events
Apcotex Clears FY26 Results, Dividend and Solar Project Restructuring
May 6, 2026
Apcotex Industries Ltd’s board has approved the audited financial results for the quarter and full year ended 31 March 2026, formalizing the company’s financial performance for the period. The board also recommended a final dividend of...
Apcotex Opens Special Window for Transfer and Demat of Physical Shares
Apr 22, 2026
Apcotex Industries Ltd has notified the stock exchanges that it has published newspaper advertisements announcing the opening of a special window for the transfer and dematerialisation of physical shares. The company stated that this action is in ...
Apcotex launches second 100-day ‘Saksham Niveshak’ drive to clean up unclaimed dividends
Apr 22, 2026
Apcotex Industries Ltd has launched its second 100 Days Campaign, branded “Saksham Niveshak,” aimed at reaching shareholders with unpaid or unclaimed dividends and facilitating updates of their KYC records. The initiative, publicized t...
Apcotex faces Rs 1.02 crore tax demand, sees no material impact
Mar 13, 2026
Apcotex Industries Ltd has disclosed that it received an order from the National Faceless Appeal Centre of the Income Tax Department imposing a demand of Rs 1.02 crore in tax, penalty, fine, and interest. The demand stems from additions related to...
Apcotex to Meet Investors at Valorem Conference in Mumbai
Mar 12, 2026
Apcotex Industries Limited has announced its participation in the 11th Annual Valorem Conference – Resilient Corporates, Relentless India, to be held in Mumbai on March 23, 2026, with in-person group meetings scheduled from 9:00 a.m. onwards...
Apcotex Promoter Plans Internal Transfer of Shares Among Promoter Group
Mar 11, 2026
Promoter Rita Ashok Parekh has notified the stock exchanges of her plan to acquire 62,280 shares, representing about 0.12% of Apcotex Industries Ltd’s share capital, from fellow promoters Mrs. Rita Ashok Parekh and Mrs. Janaki Parekh via an ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.