Apcotex Industries Ltd (IN:APCOTEXIND)
:APCOTEXIND
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Apcotex Industries Ltd
(APCOTEXIND)
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Rating:71Outperform
Price Target:
₹389.00
▲(5.33% Upside)
Action:UpgradedDate:11/07/25
Apcotex Industries Ltd's strong financial performance, characterized by consistent revenue growth and a stable balance sheet, is the primary driver of its stock score. Technical indicators suggest a cautious outlook due to mixed signals, while the valuation remains reasonable with a moderate P/E ratio and a modest dividend yield.
Positive Factors
Consistent Revenue Growth
Sustained 25% year-over-year revenue growth indicates durable demand for Apcotex’s synthetic rubber and specialty chemicals. This scale expansion supports stronger customer relationships and pricing leverage, enabling reinvestment in product development and capacity that underpin medium-term competitiveness.
Negative Factors
Low Net Profit Margin
A net margin near 3.9% is modest for a specialty-chemicals player and limits retained earnings available for reinvestment or buffers against raw-material volatility. Persistently low margins constrain free cash after capex and reduce flexibility to pursue margin-enhancing R&D or higher-value product mix strategies.
Read all positive and negative factors
Positive Factors
Negative Factors
Consistent Revenue Growth
Sustained 25% year-over-year revenue growth indicates durable demand for Apcotex’s synthetic rubber and specialty chemicals. This scale expansion supports stronger customer relationships and pricing leverage, enabling reinvestment in product development and capacity that underpin medium-term competitiveness.
Read all positive factors
Apcotex Industries Ltd (APCOTEXIND) vs. iShares MSCI India ETF (INDA)
Market Cap
₹18.23B
Dividend Yield1.75%
Average Volume (3M)2.45K
Price to Earnings (P/E)21.8
Beta (1Y)0.57
Revenue Growth12.89%
EPS Growth39.39%
CountryIN
Employees565
SectorBasic Materials
Sector Strength58
IndustryChemicals - Specialty
Share Statistics
EPS (TTM)4.29
Shares Outstanding51,844,960
10 Day Avg. Volume2,048
30 Day Avg. Volume2,447
Financial Highlights & Ratios
PEG Ratio80.49
Price to Book (P/B)3.03
Price to Sales (P/S)1.20
P/FCF Ratio48.19
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)20.5
Revenue Forecast (FY)₹17.35B
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 (1) synthetic rubber and latex and (2) rubber chemicals to industrial customers. Synthetic rubber and latex revenues are generated from supplying NBR and NBR latex that are used in applicatio...
Apcotex Industries Ltd Financial Statement Overview
Summary
Income Statement
84
Very Positive
Balance Sheet
78
Positive
Cash Flow
72
Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 14.17B | 13.92B | 11.13B | 10.69B | 9.51B | 5.38B |
| Gross Profit | 3.58B | 3.62B | 3.30B | 3.56B | 1.99B | 1.95B |
| EBITDA | 1.62B | 1.25B | 1.22B | 1.66B | 1.48B | 747.81M |
| Net Income | 727.66M | 540.65M | 538.79M | 1.08B | 988.06M | 441.59M |
Balance Sheet | ||||||
| Total Assets | 9.41B | 9.99B | 9.22B | 8.03B | 6.05B | 4.52B |
| Cash, Cash Equivalents and Short-Term Investments | 809.80M | 616.38M | 377.27M | 302.00M | 172.71M | 248.63M |
| Total Debt | 1.35B | 1.89B | 1.88B | 1.52B | 502.64M | 145.90M |
| Total Liabilities | 3.61B | 4.46B | 4.00B | 3.27B | 2.09B | 1.46B |
| Stockholders Equity | 5.80B | 5.53B | 5.22B | 4.76B | 3.96B | 3.05B |
Cash Flow | ||||||
| Free Cash Flow | 861.48M | 347.68M | 124.39M | -656.34M | -204.09M | 514.77M |
| Operating Cash Flow | 1.07B | 847.20M | 402.12M | 1.21B | 475.44M | 752.24M |
| Investing Cash Flow | -117.66M | -287.49M | -196.35M | -1.79B | -670.64M | -368.93M |
| Financing Cash Flow | -840.20M | -444.87M | -129.89M | 707.79M | 119.27M | -462.58M |
Apcotex Industries Ltd Technical Analysis
Neutral
369.30
Price Trends
358.35
Negative
369.21
Negative
378.96
Negative
Market Momentum
-6.50
Positive
50.11
Neutral
59.17
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:APCOTEXIND, the sentiment is Neutral. The current price of 369.3 is above the 20-day moving average (MA) of 350.60, above the 50-day MA of 358.35, and below the 200-day MA of 378.96, indicating a neutral trend. The MACD of -6.50 indicates Positive momentum. The RSI at 50.11 is Neutral, neither overbought nor oversold. The STOCH value of 59.17 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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 |
|---|---|---|---|---|---|---|---|
71 Outperform | ₹18.23B | 21.84 | ― | 1.75% | 12.89% | 39.39% | |
71 Outperform | ₹21.66B | 13.36 | ― | 4.47% | ― | ― | |
63 Neutral | ₹21.98B | 7.56 | ― | 1.10% | -12.15% | -6.47% | |
62 Neutral | ₹10.04B | 17.66 | ― | 0.52% | 28.67% | 50.12% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
46 Neutral | ₹11.45B | -115.81 | ― | ― | ― | ― |
* Basic Materials Sector Average
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Apcotex Industries Ltd Corporate Events
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.