Apcotex Industries Ltd

Apcotex Industri Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Apcotex Industries Ltd

₹ 331 8.45%
07 May - close price
apcotex.com BSE: 523694 NSE: APCOTEXIND
About

Apcotex Industries Ltd is a leading producer of Synthetic Rubber (Nitrile Rubber, High Styrene Rubber, Nitrile Polyblends and Nitrile Powder) and Synthetic Latex (XSB Latex, VP Latex, Styrene Acrylics, and Nitrile Latex) in India.[1]

Key Points

Product Portfolio
a) Synthetic latex [1]
Synthetic latex is manufactured from downstream petrochemicals, making it distinct from natural latex, which is derived from rubber plantations.
Types: Styrene Butadiene Latex, VP Latex, Styrene Acrylic Latex, and Nitrile Latex
Application: Paper/ Paper Board, Carpet, Gloves, Construction, Tyre Cord, Speciality, and Textiles.

Website BSE NSE
  • Market Cap ₹ 1,717 Cr.
  • Current Price ₹ 331
  • High / Low ₹ 490 / 287
  • Stock P/E 31.8
  • Book Value ₹ 107
  • Dividend Yield 1.66 %
  • ROCE 12.9 %
  • ROE 10.1 %
  • Face Value ₹ 2.00
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Pros

  • Company has been maintaining a healthy dividend payout of 47.2%

Cons

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Chemicals Industry: Miscellaneous

Part of BSE Allcap BSE SmallCap BSE Industrials

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
277 306 283 234 256 278 279 257 311 337 351 355 349
232 258 238 203 222 252 248 232 279 305 324 328 311
Operating Profit 45 49 45 31 34 26 32 25 31 32 27 27 38
OPM % 16% 16% 16% 13% 13% 9% 11% 10% 10% 9% 8% 8% 11%
2 2 2 2 1 2 2 2 2 2 3 5 1
Interest 1 1 2 1 1 4 4 4 4 4 4 5 4
Depreciation 4 4 4 4 4 7 8 8 8 10 11 11 11
Profit before tax 42 45 42 28 31 16 21 15 21 20 15 16 24
Tax % 27% 26% 26% 26% 24% 26% 28% 28% 28% 26% 28% 30% 32%
31 34 31 20 23 12 15 11 15 15 11 12 17
EPS in Rs 5.96 6.47 5.94 3.93 4.48 2.34 2.95 2.15 2.95 2.85 2.11 2.23 3.23
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
293 352 265 388 526 626 496 541 957 1,080 1,125 1,392
267 309 227 358 461 556 461 471 817 921 1,011 1,268
Operating Profit 26 42 38 30 66 69 34 70 140 159 114 125
OPM % 9% 12% 14% 8% 12% 11% 7% 13% 15% 15% 10% 9%
2 6 7 29 5 8 6 5 8 7 8 10
Interest 5 4 3 4 3 4 2 4 3 5 16 17
Depreciation 7 9 9 12 12 12 13 15 14 15 32 42
Profit before tax 17 35 33 43 56 62 25 57 130 146 75 76
Tax % 21% 29% 26% 19% 31% 24% 32% 22% 24% 26% 28% 29%
13 25 25 35 39 47 17 44 99 108 54 54
EPS in Rs 2.54 4.76 4.76 6.75 7.46 9.00 3.21 8.52 19.06 20.82 10.39 10.43
Dividend Payout % 40% 30% 38% 27% 32% 33% 94% 41% 26% 26% 53% 62%
Compounded Sales Growth
10 Years: 15%
5 Years: 23%
3 Years: 13%
TTM: 24%
Compounded Profit Growth
10 Years: 10%
5 Years: 28%
3 Years: -18%
TTM: 0%
Stock Price CAGR
10 Years: 13%
5 Years: 28%
3 Years: -18%
1 Year: -22%
Return on Equity
10 Years: 16%
5 Years: 17%
3 Years: 15%
Last Year: 10%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 5 5 10 10 10 10 10 10 10 10 10 10
Reserves 80 95 177 213 236 267 241 295 386 466 511 543
48 31 25 22 17 4 49 15 50 152 188 189
50 50 75 52 80 95 97 132 158 176 212 256
Total Liabilities 183 181 288 297 344 377 397 452 605 803 922 999
68 63 90 88 79 76 125 145 157 385 386 386
CWIP 1 2 5 6 9 21 19 12 39 12 8 12
Investments 24 31 18 40 75 69 54 82 98 88 111 106
90 85 176 163 181 210 198 213 312 318 417 495
Total Assets 183 181 288 297 344 377 397 452 605 803 922 999

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
10 32 -64 22 53 39 36 75 48 121 40 85
-6 -8 86 -8 -10 -8 -42 -37 -67 -179 -20 -29
-14 -26 -17 -17 -18 -30 7 -46 12 71 -13 -44
Net Cash Flow -9 -2 5 -3 25 1 1 -8 -8 13 8 11

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 64 51 115 73 68 65 66 71 62 46 66 67
Inventory Days 28 23 90 63 52 41 65 63 53 56 61 49
Days Payable 40 31 71 31 50 45 50 91 61 55 66 66
Cash Conversion Cycle 52 43 135 105 69 61 81 43 54 48 61 49
Working Capital Days 33 25 87 82 59 53 56 48 53 45 64 63
ROCE % 16% 26% 18% 10% 24% 24% 9% 19% 35% 28% 13% 13%

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
58.20% 58.22% 58.23% 58.23% 58.23% 58.23% 58.23% 58.23% 58.23% 58.23% 58.23% 58.23%
1.00% 0.86% 0.47% 0.48% 0.49% 0.51% 0.51% 0.48% 0.49% 0.48% 0.47% 0.52%
0.17% 0.17% 0.10% 0.10% 0.05% 0.19% 0.44% 0.56% 0.63% 0.59% 0.68% 0.69%
0.43% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
40.20% 40.77% 41.19% 41.18% 41.22% 41.06% 40.82% 40.71% 40.64% 40.69% 40.63% 40.57%
No. of Shareholders 32,13936,84138,60637,88838,68537,02335,64435,22534,47933,88234,19933,583

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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