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Apcotex Industries Ltd
(APCOTEXIND)
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Rating:70Outperform
Price Target:
₹750.00
▲(103.09% Upside)
Action:Upgraded
Date:07/30/26
The score is driven primarily by solid financial health (notably low and improving leverage) and a strong technical uptrend with price well above major moving averages. These positives are tempered by inconsistent profitability/cash-flow history and a relatively high P/E with only a modest dividend yield.
Positive Factors
Strengthening Balance Sheet
A materially lower debt-to-equity and steady equity growth materially improve financial flexibility. This durable improvement supports capex, working-capital needs and capacity to withstand commodity cycles or finance strategic initiatives without stressing liquidity over the next 2–6 months.
Negative Factors
Volatile Profitability and Margins
Pronounced swings in gross and net margins reflect sensitivity to raw-material costs, product mix and pricing pass-through. This variability undermines near-term earnings visibility and makes forecasting free cash flow and return metrics less reliable over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Strengthening Balance Sheet
A materially lower debt-to-equity and steady equity growth materially improve financial flexibility. This durable improvement supports capex, working-capital needs and capacity to withstand commodity cycles or finance strategic initiatives without stressing liquidity over the next 2–6 months.
Read all positive factors
Apcotex Industries Ltd (APCOTEXIND) vs. iShares MSCI India ETF (INDA)
Market Cap
₹31.03B
Dividend Yield1.34%
Average Volume (3M)2.45K
Price to Earnings (P/E)19.3
Beta (1Y)0.71
Revenue Growth11.17%
EPS Growth175.90%
CountryIN
Employees616
SectorGeneral
Sector StrengthN/A
IndustryChemicals - Specialty
Share Statistics
EPS (TTM)31.10
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)1.14
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)26.2
Revenue Forecast (FY)₹17.85B
Apcotex Industries Ltd Business Overview & Revenue Model
Company Description
Headquartered in Mumbai, India, Apcotex Industries Limited is a prominent producer and supplier of synthetic emulsion polymers. Founded in 1980, the company operated as Apcotex Lattices Limited until its rebranding in 2005. Its extensive product r...
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 | 15.91B | 14.27B | 13.92B | 11.13B | 10.69B | 9.51B |
| Gross Profit | 4.19B | 4.30B | 3.62B | 3.30B | 3.56B | 1.99B |
| EBITDA | 2.71B | 1.94B | 1.25B | 1.22B | 1.66B | 1.48B |
| Net Income | 1.61B | 1.01B | 540.65M | 538.79M | 1.08B | 988.06M |
Balance Sheet | ||||||
| Total Assets | 0.00 | 9.86B | 9.99B | 9.22B | 8.03B | 6.05B |
| Cash, Cash Equivalents and Short-Term Investments | 542.86M | 684.22M | 616.38M | 377.27M | 302.00M | 172.71M |
| Total Debt | 0.00 | 963.92M | 1.89B | 1.88B | 1.52B | 502.64M |
| Total Liabilities | -6.21B | 3.65B | 4.46B | 4.00B | 3.27B | 2.09B |
| Stockholders Equity | 6.21B | 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
553.47
Positive
486.54
Positive
426.31
Positive
Market Momentum
18.02
Positive
53.72
Neutral
15.19
Positive
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 601.77, below the 50-day MA of 553.47, and below the 200-day MA of 426.31, indicating a neutral trend. The MACD of 18.02 indicates Positive momentum. The RSI at 53.72 is Neutral, neither overbought nor oversold. The STOCH value of 15.19 is Positive, 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 (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | ₹31.03B | 19.28 | ― | 1.75% | 11.17% | 175.90% | |
70 Outperform | ₹36.25B | 28.07 | ― | ― | 19.91% | 21.83% | |
64 Neutral | ₹26.97B | 40.76 | ― | 0.92% | 0.96% | -28.98% | |
57 Neutral | ₹27.81B | 18.48 | ― | 0.09% | 19.47% | 11.49% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
53 Neutral | ₹40.21B | 78.17 | ― | 0.07% | 41.09% | 618.09% | |
48 Neutral | ₹19.92B | 399.08 | ― | ― | 8.40% | ― |
* General Sector Average
IN:APCOTEXIND
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47.93%
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Apcotex Industries Ltd Corporate Events
Apcotex Board Clears Q1 FY27 Results With Clean Audit Opinion
Jul 29, 2026
Apcotex Industries Ltd convened its Board of Directors on 29 July 2026 to review and approve the audited financial results for the quarter ended 30 June 2026. The meeting underscored the company’s adherence to regulatory reporting under SEBI...
Apcotex Urges Physical Shareholders to Update KYC and Demat Holdings
Jun 20, 2026
Apcotex Industries Ltd has informed stock exchanges that it has dispatched reminder letters to shareholders holding shares in physical form, urging them to update their PAN, KYC and bank account details in line with a SEBI Master Circular. The com...
Apcotex Alerts Non-Email Shareholders on Access to FY26 Annual Report, Sets June AGM Date
Jun 2, 2026
Apcotex Industries Limited has notified stock exchanges that it has sent letters to shareholders whose email addresses are not registered with the company, its registrar, or depository participants. These letters provide a direct web link and exac...
Apcotex alerts investors on transfer of unclaimed shares and dividends to IEPF
May 9, 2026
Apcotex Industries Ltd has notified shareholders via newspaper advertisements that certain equity shares and unpaid dividends are scheduled to be transferred to the Investor Education and Protection Fund Authority. The move is being carried out in...
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...
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.