Apcotex Industries Ltd

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

Apcotex Industries Ltd

₹ 466 3.21%
16 Apr - 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]

It was started in 1980 as a division of Asian Paints, manufacturing synthetic latex, and was later spun off as a separate company under the leadership of Mr. Atul Choksey, former MD of Asian Paints Ltd.[2]

Key Points

Product Portfolio
The company is a leading producer of Synthetic Rubber and Synthetic Latex in India:-
a) Synthetic Rubber:- Nitrile Rubber, High Styrene Rubber, Nitrile Rubber, Nitrile Polyblends, and Nitrile powder.
b) Synthetic Latex:- XSB Latex, BP Latex, Styrene acrylics, and Nitrile Latex.
It has one of the broadest ranges of Emulsion polymers in the market. The company is the only Indian manufacturer of XNB Latex used in gloves.[1]

Website BSE NSE
  • Market Cap ₹ 2,423 Cr.
  • Current Price ₹ 466
  • High / Low ₹ 589 / 400
  • Stock P/E 64.6
  • Book Value ₹ 38.2
  • Dividend Yield 1.18 %
  • ROCE 19.8 %
  • ROE 24.4 %
  • Face Value ₹ 2.00
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Pros

Cons

  • Stock is trading at 12.3 times its book value
  • Tax rate seems low
  • Debtor days have increased from 77.5 to 105 days.
  • Working capital days have increased from 51.2 days to 77.1 days

* 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

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Jun 2015 Sep 2015 Dec 2015 Mar 2016 Jun 2016 Sep 2016
77.13 66.86 67.84 65.69 96.06 106.45 92.46
66.18 57.34 58.31 56.16 85.19 95.76 87.84
Operating Profit 10.95 9.52 9.53 9.53 10.87 10.69 4.62
OPM % 14.20% 14.24% 14.05% 14.51% 11.32% 10.04% 5.00%
0.63 1.25 0.63 0.30 6.09 2.09 2.84
Interest 0.56 0.42 0.54 0.76 0.72 0.64 0.72
Depreciation 2.22 2.05 2.47 2.22 2.65 2.97 3.06
Profit before tax 8.80 8.30 7.15 6.85 13.59 9.17 3.68
Tax % 34.43% 26.51% 25.45% 31.68% -65.05% 25.30% 3.26%
5.77 6.10 5.33 4.68 22.42 6.85 3.56
EPS in Rs 1.11 1.18 1.03 0.90 4.33 1.32 0.69
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 TTM
352 293 361
309 252 325
Operating Profit 42 41 36
OPM % 12% 14% 10%
6 7 11
Interest 4 3 3
Depreciation 9 9 11
Profit before tax 35 36 33
Tax % 29% -7%
25 39 38
EPS in Rs 4.76 7.44 7.24
Dividend Payout % 30% 24%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: %
TTM: -17%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: 62%
Stock Price CAGR
10 Years: 34%
5 Years: 17%
3 Years: 37%
1 Year: -9%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: 24%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Sep 2016
Equity Capital 5 10 10
Reserves 95 177 187
31 25 32
50 75 59
Total Liabilities 181 288 289
63 90 94
CWIP 2 5 0
Investments 31 18 20
85 176 174
Total Assets 181 288 289

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016
32 -18
-8 40
-26 -17
Net Cash Flow -2 5

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016
Debtor Days 51 105
Inventory Days 23 85
Days Payable 31 67
Cash Conversion Cycle 43 123
Working Capital Days 25 77
ROCE % 20%

Shareholding Pattern

Numbers in percentages

Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
58.17% 58.20% 58.20% 58.15% 58.15% 58.20% 58.22% 58.23% 58.23% 58.23% 58.23% 58.23%
0.00% 1.35% 0.40% 0.89% 0.91% 1.00% 0.86% 0.47% 0.48% 0.49% 0.51% 0.51%
0.48% 0.10% 0.02% 0.02% 0.08% 0.17% 0.17% 0.10% 0.10% 0.05% 0.19% 0.44%
0.38% 0.38% 0.43% 0.43% 0.43% 0.43% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
40.97% 39.96% 40.95% 40.51% 40.43% 40.20% 40.77% 41.19% 41.18% 41.22% 41.06% 40.82%
No. of Shareholders 28,25829,23834,48130,70529,67432,13936,84138,60637,88838,68537,02335,644

* 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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Documents

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