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Apcotex Industries Limited

Apcotex Industries Limited

APCOTEXIND.BO
Apcotex Industries LimitedIN flagBombay Stock Exchange
511.45
INR
-13.95
- -
26.52BMarket Cap
Apcotex Industries Limited
APCOTEXIND.BO
(Bombay Stock Exchange)

Recent

price

511.45

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
39.18
49.19
52.49
57.29
68.16
51.5
74.56
101.13
120.18
94.81
103.75
183.46
206.24
214.72
265.7
275.21
278.05
Revenue per Share
2.07
2.21
2.47
2.54
4.76
4.76
6.75
7.45
8.99
3.21
8.52
19.06
20.82
10.39
10.43
19.56
19.56
Basic EPS, GAAP
-1.16
0.03
0.42
0.79
4.71
-13.69
2.11
7.93
3.2
-2.68
9.93
-3.94
-12.66
2.4
6.71
30.66
- -
Free Cash Flow per Basic Share
0.49
0.7
0.79
0.87
0.98
1.38
1.77
1.77
2.37
5.9
1.51
3.96
4.98
5.43
5.43
6.98
- -
Dividend per Share
3.71
4.78
5.95
7.06
8.59
14.69
19.29
24.01
30.06
25.25
32.33
58.43
75.24
81.52
89.63
103.25
103.25
Book Value per Share
12.37
13.45
15.07
16.43
19.19
52.34
42.87
47.45
53.3
48.28
58.78
76.3
91.73
100.54
106.63
119.74
119.74
Tangible Book Value per Share
52
52
52
52
52
52
52
52
52
52
52
52
52
52
52
52
52
Basic Weighted Avg Shares
2,031
2,550
2,721
2,970
3,534
2,670
3,865
5,243
6,231
4,915
5,379
9,512
10,693
11,132
13,775
14,268
14,415
Sales/Revenue/Turnover
8.21
6.96
7.5
6.24
9.32
10.76
4.49
10.23
9.26
4.43
10.37
13.33
13.41
7.4
6.04
9.38
8.87
Operating Margin (%)
26
28
31
68
90
89
121
121
118
134
145
141
152
315
416
496
496
Depreciation Expense
107
115
128
131
247
247
350
386
466
166
442
988
1,079
539
541
1,014
1,014
Net Income, GAAP
28.83
29.72
29.02
21.07
29.14
26.2
19.44
30.73
24.43
32.42
22.17
24.21
25.82
27.7
29.09
24.8
24.8
Effective Tax Rate (%)
5.28
4.5
4.71
4.42
6.98
9.24
9.05
7.37
7.48
3.38
8.21
10.39
10.09
4.84
3.92
7.11
7.04
Profit Margin (%)
172
383
133
100
143
654
720
999
1,239
946
912
1,386
1,425
1,541
1,576
1,973
1,973
Working Capital
44
257
218
167
84
- -
- -
- -
10
228
62
265
1,248
981
658
338
338
LT Debt
642
698
782
853
998
2,717
2,229
2,464
2,778
2,513
3,054
3,962
4,760
5,217
5,532
6,210
6,210
Total Equity
14.51
11.39
11.66
11.92
18.86
9.91
5.04
14.38
15.83
5.03
13.99
25.16
19.9
8.94
8.16
13.87
13.24
Return on Invested Capital (%)
32.67
21.4
16.41
21.89
37.51
31.25
33.19
29.97
31.68
10.19
25.89
37.72
24.87
11.2
10.37
16.92
17.09
Return on Capital (%)
64.79
52.1
46.08
38.99
60.85
40.89
39.72
34.43
33.26
11.6
29.59
42
31.15
13.26
12.19
20.28
20.28
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
ST Debt
854
- -
626
LT Borrowings
468
- -
317
LT Finance Leases
28
- -
22
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
52
- -
52
Market Capitalization
20,505
19,384
16,276

Working Capital

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
Total Current Assets
4,505
- -
4,954
Cash, Cash Equivalents & STI
810
- -
543
Accounts Receivable, Net
2,056
- -
2,445
Inventories
1,331
- -
1,282
Total Current Liabilities
2,791
- -
2,981
Payables & Accruals
- -
- -
- -
ST Debt
854
- -
626
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
9.51%
15.56%
12.26%
Free Cash Flow
-5.32%
99.94%
357.21%
Net Income, GAAP
34.5%
34.17%
87.57%
Sales/Revenue/Turnover
20.83%
24.14%
3.58%
Total Cash Common Dividend
36.3%
45.3%
28.52%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2,777
2,792
2,570
2,992
11,132
2025
3,366
3,511
3,553
3,494
13,775
2026
3,758
3,367
3,315
3,976
14,268

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2.34
2.95
2.15
- -
10.39
2025
2.85
2.11
2.23
3.23
10.43
2026
3.7
4.88
4.28
6.7
19.56

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
5.43
2025
- -
- -
- -
- -
5.43
2026
- -
- -
- -
- -
6.98
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Business
Apcotex Industries Limited manufactures and markets synthetic rubber and synthetic latex products in India and internationally. The company produces a comprehensive range of synthetic rubber including nitrile butadiene rubber (NBR), high styrene rubber (HSR), nitrile polyblends, nitrile powder and carboxylated nitrile; and synthetic latex encompassing vinyl pyridine (VP) latex, carboxylated styrene-butadiene (XSB) latex, styrene acrylic latexes, nitrile latex, SBR latex, pure acrylic latex and NBR-PVC polyblends. These emulsion polymers serve diverse applications in tyre cord dipping, paper and paperboard coating, carpet backing, construction waterproofing, textiles, footwear, gloves, automotive components, hoses, conveyor belts, rice dehusking rollers and speciality products. Founded in 1980 and headquartered in Navi Mumbai, Maharashtra, the company operates manufacturing facilities in Taloja, Maharashtra and Valia, Gujarat, with exports to over 45 countries across the Indian subcontinent, Southeast Asia, the Middle East, Turkey, Japan, Russia, Africa, the EU, USA and Latin America. Apcotex recently commissioned a 50,000 MTPA nitrile latex plant in Valia, Gujarat and a 35,000 MTPA multi-purpose latex plant in Taloja, Maharashtra in 2024; and in November 2025 approved INR 210 crore capital expenditure for capacity expansion at Valia adding 37,000 MTPA synthetic latex and 14,600 MTPA nitrile rubber and allied products, expected online by Q1 FY2027 to meet rising domestic and international demand.