Is Apcotex Industries Ltd (APCOTEXIND) a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Apcotex Industries Ltd is a average quality company .

Is Apcotex Industries Ltd (APCOTEXIND) undervalued or overvalued?

The key valuation ratios of Apcotex Industries Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone .

What is Apcotex Industries Ltd (APCOTEXIND) share price return in the past 10 years?

Apcotex Industries Ltd share price has appreciated 16.2% annually (CAGR) over the past ten years.

Is Apcotex Industries Ltd (APCOTEXIND) a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Apcotex Industries Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

What is the share price of Apcotex Industries Ltd (APCOTEXIND)?

Company share prices are keep on changing according to the market conditions. The current trading price of Apcotex Industries Ltd (APCOTEXIND) on 17-Apr-2026 16:59:59 at 16:59 is 385.00.

What is the P/E ratio of Apcotex Industries?

The latest standalone P/E ratio of Apcotex Industries as of 17-Apr-2026 is 23.93.

What is the P/B ratio of Apcotex Industries Ltd (APCOTEXIND)?

The latest standalone P/B ratio of Apcotex Industries Ltd (APCOTEXIND) as of 17-Apr-2026 is 3.31.

What is the 52-week high and low of Apcotex Industries Ltd (APCOTEXIND)?

The 52-week high of Apcotex Industries Ltd (APCOTEXIND) is Rs. 443.35 and the 52-week low is Rs. 290.05.

Apcotex Industries Ltd (APCOTEXIND) Share Analysis – Quality, Growth & Valuation Zone & DeciZen Rating

Name: Apcotex Industries Ltd (APCOTEXIND)
Brand: Apcotex Industries

Apcotex Industries Ltd (APCOTEXIND) Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating

Apcotex Industries Ltd (APCOTEXIND)

BSE: 523694 NSE: APCOTEXIND

Key Metrics

Market Cap

₹1,996 Cr.

P/E Ratio

23.93

Price to Book (P/B)

3.31

Price to Sales (P/S)

1.43

EV/EBITDA

12.09

Return on Capital Employed (ROCE)

12.97%

Current Price

₹385

Return on Equity (ROE)

10.06%

Return on Assets (ROA)

5.63%

Operating Profit Margin

Net Profit Margin

3.88%

Gross Profit Margin

8.4%

Book Value per Share

₹116.1

Sales Growth (YoY)

23.81%

Sales Growth (3 Years)

13.32%

Operating Profit Growth (1 Year)

9.49%

Operating Profit Growth (3 Years)

-3.73%

Net Profit Growth (1 Year)

0.33%

52-Week Low / High

₹290 / 443

Net Profit Growth (3 Years)

-18.21%

Dividend Yield

1.95%

Promoter Holding

58.23%

Pledged shares (%)
of Promoter's holding (%)

0.00%

Check Before You Invest

Q.1 Revenue growth of Apcotex Industries Ltd?

Apcotex Industries Ltd revenue growth is 23.8% for FY-2025 , which is above its 5 year CAGR of 22.9% , indicating faster growth.

Q.1 Promoter shareholding and pledge status of Apcotex Industries Ltd?

Promoters hold 58.23% of the Apcotex Industries Ltd, with 0.00% of their stake pledged, indicating no pledge risk.

Q.1 Revenue growth of Apcotex Industries Ltd vs industry peers?

Apcotex Industries Ltd revenue CAGR is 22.93% , compared to the industry median CAGR of 10.28% , indicating faster growth and gaining its market share.

Q.1 Which industry/sub-sector does Apcotex Industries Ltd belong to?

Apcotex Industries Ltd belongs to the Agriculture & Allied activities sector, operating specifically within the Rubber Products segment.

Q.1 Stock return of Apcotex Industries Ltd over the last decade?

Over the last 9 year(s), the stock has delivered a CAGR of 16.1% based on the current price.

DeciZen - make an informed investing decision on Apcotex Inds

Based on:

Data

Overall Rating ⓘ
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1. Quality

2. Valuation ⓘ

3. Price Trend

Apcotex Industries stock performance

Key Ratios

Is Apcotex Industries Ltd an attractive stock to invest in?

10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
ROCE % ⓘ	21.2%	20.6%	23%	23.9%	9.3%	19.5%	34.9%	28%	13.5%	13%	-
Value Creation Index ⓘ	0.5	0.5	0.6	0.7	-0.3	0.4	1.5	1.0	0.0	-0.1	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	268	388	526	626	496	541	957	1,080	1,125	1,392	1,393
Sales YoY Gr.	-	44.6%	35.6%	18.9%	-20.7%	9%	77%	12.9%	4.1%	23.8%	-
Adj EPS ⓘ	3.9	3.4	7.8	8.7	2.8	8.3	18.3	20.1	9.7	9.4	16.1
YoY Gr.	-	-14.3%	130.3%	12.4%	-68.5%	200.4%	121.8%	9.7%	-51.9%	-2.6%	-
BVPS (₹) ⓘ	36.1	43	47.5	53.6	48.5	58.9	76.4	91.8	100.6	106.7	116.1
Adj Net Profit ⓘ	20.4	17.5	40.2	45.2	14.3	42.8	95	104	50.1	48.8	83
Cash Flow from Ops. ⓘ	-64.4	22.2	53.2	38.8	36.3	75.2	47.5	121	40.2	84.7	-
Debt/CF from Ops. ⓘ	-0.4	1	0.3	0.1	1.4	0.2	1.1	1.3	4.6	2.2	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	20.1%	22.9%	13.3%	23.8%
Adj EPS ⓘ	10.2%	27.9%	-19.9%	-2.6%
BVPSⓘ	12.8%	17.1%	11.8%	6%
Share Price	16.2%	16.3%	-8.8%	16.3%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
Return on Equity % ⓘ	14.2	8.5	17.1	17.3	5.4	15.4	27.1	23.9	10	9.1	14.4
Op. Profit Mgn % ⓘ	14	7.4	12.4	11.1	7	12.9	14.6	14.7	10.1	9	11.6
Net Profit Mgn % ⓘ	7.6	4.5	7.6	7.2	2.9	7.9	9.9	9.6	4.5	3.5	6
Debt to Equity ⓘ	0.1	0.1	0.1	0	0.2	0.1	0.1	0.3	0.4	0.3	-
Working Cap Days ⓘ	146	133	112	109	141	128	96	101	111	111	63
Cash Conv. Cycle ⓘ	74	76	63	56	74	53	37	43	49	47	22

Recent Performance Summary

Latest Financials

	Standalone	Consolidated
TTM EPS (₹)	16.1	7.4
TTM Sales (₹ Cr.)	1,393	296
BVPS (₹) ⓘ	116.1	0
Reserves (₹ Cr.) ⓘ	592	187
P/BV ⓘ	3.31	0.00
PE ⓘ	23.93	51.80

From the Market
52 Week Low / High (₹)	290.05 / 443.35
All Time Low / High (₹)	0.95 / 678.00
Market Cap (₹ Cr.)	1,996
Equity (₹ Cr.)	10.4
Face Value (₹)	2
Industry PE ⓘ	23.5

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of Apcotex Inds - Standalone Basis

YTD 1Y 3Y 5Y 10Y Max

Analyst's Notes

No data found!

Key Ratios

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Sales	268	388	526	626	496	541	957	1,080	1,125	1,392
Operating Expenses ⓘ +	231	359	462	557	461	471	817	921	1,011	1,268
Manufacturing Costs	31	47	58	64	62	72	123	141	143	143
Material Costs	167	260	348	429	335	325	601	681	749	1,001
Employee Cost	15	29	34	38	39	43	51	56	65	75
Other Costs ⓘ	18	24	23	25	25	30	43	42	54	49
Operating Profit ⓘ	37	29	64	69	34	70	140	159	114	125
Operating Profit Margin (%)	13.9%	7.4%	12.1%	11.0%	7.0%	12.9%	14.6%	14.7%	10.1%	9.0%
Other Income ⓘ +	8	31	8	8	6	5	8	7	8	10
Exceptional Items ⓘ	0	-1	-1	0	0	0	0	0	0	0
Interest ⓘ	3	4	3	3	2	4	3	5	16	17
Depreciation ⓘ	9	12	12	12	13	15	14	15	32	42
Profit Before Tax ⓘ	33	43	56	62	25	57	130	146	75	76
Tax ⓘ	9	8	17	15	8	13	32	38	21	22
Profit After Tax	25	35	39	47	17	44	99	108	54	54
PAT Margin (%)	9.2%	9.0%	7.3%	7.5%	3.4%	8.2%	10.3%	10.0%	4.8%	3.9%
Adjusted EPS (₹)	4.8	6.8	7.5	9.0	3.2	8.5	19.1	20.8	10.4	10.4
Dividend Payout Ratio (%)	38%	27%	32%	33%	94%	41%	26%	26%	53%	62%

Balance Sheet

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Equity and Liabilities
Shareholders Fund +	187	223	246	278	251	305	396	476	522	553
Share Capital ⓘ	10	10	10	10	10	10	10	10	10	10
Reserves ⓘ	177	213	236	267	241	295	386	466	511	543
Debt +	17	22	17	4	42	11	47	152	152	154
Long Term Debt	0	0	0	1	23	6	26	125	94	62
Short Term Debt	17	22	17	3	19	5	20	27	58	91
Minority Interest	0	0	0	0	0	0	0	0	0	0
Trade Payables	34	22	48	53	46	81	100	102	135	188
Others Liabilities ⓘ	43	30	32	43	58	54	62	74	114	104
Total Liabilities ⓘ	281	297	344	377	397	452	605	803	922	999
Fixed Assets
Net Fixed Assets ⓘ +	90	88	79	76	125	145	157	384	384	385
Gross Block	189	99	100	110	171	205	228	468	499	532
Accumulated Depreciation	100	11	22	34	46	60	72	84	115	147
CWIP ⓘ	5	6	9	21	19	12	39	12	8	12
Investments ⓘ	18	40	75	69	54	82	98	88	111	106
Inventories	43	45	49	48	60	56	87	105	125	138
Trade Receivables	84	78	98	111	89	105	162	137	203	254
Cash Equivalents	10	6	7	10	16	15	9	22	24	39
Others Assets ⓘ	32	34	26	41	33	37	54	55	66	65
Total Assets ⓘ	281	297	344	377	397	452	605	803	922	999

Cash Flow

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Cash Flow From Operating Activity ⓘ +	-64	22	53	39	36	75	48	121	40	85
PBT ⓘ	33	43	56	62	25	57	130	146	75	76
Adjustment ⓘ	5	-11	6	7	10	15	17	19	45	58
Changes in Working Capital ⓘ	-96	-3	5	-17	7	15	-70	-8	-63	-31
Tax Paid ⓘ	-7	-7	-14	-12	-5	-12	-30	-35	-16	-19
Cash Flow From Investing Activity ⓘ +	86	-8	-10	-8	-42	-37	-67	-179	-20	-29
Capex	-7	-11	-7	-22	-49	-24	-68	-187	-28	-41
Net Investments	18	1	-5	11	5	-15	-0	7	7	11
Others ⓘ	75	1	2	3	2	1	1	1	1	1
Cash Flow From Financing Activity ⓘ +	-17	-17	-18	-30	7	-46	12	71	-13	-44
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	-8	-8	0	1	29	-21	20	95	0	-31
Interest Paid ⓘ	-2	-3	-2	-2	-1	-4	-3	-5	-15	-17
Dividend Paid ⓘ	-7	-9	-9	-12	-31	-8	-21	-26	-28	-28
Others ⓘ	1	3	-7	-17	10	-14	15	7	31	32
Net Cash Flow ⓘ	5	-3	25	1	1	-8	-8	13	8	11

Finance Ratio

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Ratios
ROE (%)	17.2	17.06	16.47	17.78	6.29	15.87	28.17	24.75	10.8	10.06
ROCE (%)	21.21	20.62	23	23.89	9.28	19.53	34.88	28.04	13.53	12.97
Asset Turnover Ratio	1.29	1.5	1.68	1.74	1.28	1.27	1.81	1.54	1.31	1.46
PAT to CFO Conversion(x)	-2.56	0.63	1.36	0.83	2.12	1.7	0.48	1.12	0.74	1.57
Working Capital Days
Receivable Days	81	68	60	61	74	65	51	50	55	60
Inventory Days	36	37	32	28	40	39	27	32	37	34
Payable Days	60	40	37	43	54	71	55	54	58	59

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Apcotex Industries Ltd FAQs

The current trading price of Apcotex Inds on 17-Apr-2026 16:59 is ₹385.0.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 16-Apr-2026 the market cap of Apcotex Inds stood at ₹1,996 Cr

The latest P/E ratio of Apcotex Inds as of 16-Apr-2026 is 23.93.

The latest P/B ratio of Apcotex Inds as of 16-Apr-2026 is 3.31.

The 52-week high of Apcotex Inds is ₹443.4 and the 52-week low is ₹290.1.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Apcotex Inds is ₹1,393 ( Cr.) .

About Apcotex Industries Ltd

Apcotex Industries was established in the year 1980 as a division of Asian Paints (India). Apcotex spun-off as a separate company in 1991 and is now part of the 'APCO' group of companies headed by Atul Choksey, Chairman of Apcotex Industries and former Managing Director of Asian Paints. Apcotex Industries is one of the leading producers of VP latex, SB and carboxylated sb latexes , acrylic latexes , nitrile latex , SBR Latex , Carboxylated SBR , High Styrene Resin and Synthetic Rubber in India. It has one of the broadest ranges of products based on Styrene Butadiene chemistry.

Apcotex is an ISO 9001: 2000 certified company. Its segments include Paper & paper Products, Tyre Cord dipping, carpet, Paints, Oil resistant Gasket, Construction, Textiles, Footwear & Micro sheet, Conveyer belts, hoses & automotive components.

Its manufacturing plant is located at Taloja, 50 kms outside of Mumbai. The manufacturing facilities incorporate state-of-the-art emulsion polymerization technology as well as adequate monomer and finished goods storage facilities and efficient utility support. Additionally, sophisticated DCS control systems ensure fine control over operating parameters.

Products of the Company:-With basic engineering and process know-how from Chemische Werke Huls (CWH) Germany, Apcotex pioneered the production of Vinyl Pyridine Latex, an important raw material for the tyre industry, in India. The Company has following products such as:-

Carboxylated Styrene Butadiene Latices
Nitrile Latices
Styrene Butadiene Rubbers
Acrylic latexes,etc.

Awards/ Achievements

2011 - Apcotex Industries Ltd. - Taloja achieved a 'EXCELLENT' grade in Telos Safety Rating System which is an improvement over that achieved in the year May 2010

2012 -Apcotex was awarded the Total Productive Maintenance (TPM) Excellence Award Category A in March'2012 by the Japan Institute of Plant Maintenance (JIPM).

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Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
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Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
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SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
Address:	B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045
Compliance officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com Telephone: +919860359463 Address: Same as IA
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Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com Telephone: +91 91758 99463 Address: Same as IA
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Apcotex Industries Ltd (APCOTEXIND) Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating

Apcotex Inds Share Price