Apcotex Industries Ltd Stock Analysis

BSE: 523694 | NSE: APCOTEXIND | Rubber Products | Small Cap

BSE Share Price 07-Feb-2023 18:01
408.85 -0.15 (-0.04%)

DeciZen - Make an Informed Decision on Apcotex Inds

Overall Rating

1. Quality

2. Valuation

Fair

3. Price Trend

Apcotex Inds Price Chart

P/E Ratio ( SA) :
18.33
Market Cap :
2,119.7 Cr.
52-wk low :
310
52-wk high :
678
Bole Toh?

1. Is Apcotex Industries Ltd a good quality company?

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

2. Is Apcotex Industries Ltd 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 Fair zone.

3. Is Apcotex Industries Ltd a good buy now?

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

10 Year X-Ray of Apcotex Inds:

Analysis of Financial Track Record

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

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

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Apcotex Industries Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
ROCE % 12%11.9%18.3%13.1%8.2%15%17.5%5.5%14.7%25.4%-
Value Creation Index -0.2-0.20.3-0.1-0.40.10.3-0.60.10.8-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 2732973552683885266264965419571,101
YoY Gr. Rt. %-8.6%19.5%-24.4%44.6%35.6%18.9%-20.7%9%77%-
Adj EPS 2.62.34.13.93.178.72.88.318.322.3
YoY Gr. Rt. %--10%76.8%-4.6%-20.9%124.4%24.9%-68.5%200.4%121.8%-
BVPS (₹) 15.116.419.236.14347.553.648.558.976.489.8
Adj Net Profit 13.412.121.420.416.136.245.214.342.895116
Cash Flow from Ops. 27.99.932-64.422.253.238.836.375.247.5-
Debt/CF from Ops. 1.74.91-0.410.30.11.40.21.1-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 14.9%19.8%15.2%77%
Adj EPS 24.3%42.6%28.1%121.8%
BVPS 19.812.212.629.7
Share Price 33.6% 16.9% 38.5% 8.2%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on Equity % 18.214.823.114.27.915.417.35.415.427.126.8
Op. Profit Mgn % 8.68.411.8147.412.411.1712.914.615.4
Net Profit Mgn % 4.94.167.64.26.97.22.97.99.910.5
Debt to Equity 0.60.60.30.10.10.100.20.10.1-
Working Cap Days 848376146133112109141128960
Cash Conv. Cycle 454035747663567453370

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 26.80%

Sales growth is growing at healthy rate in last 3 years 15.21%

Net Profit is growing at healthy rate in last 3 years 28.08%

Sales growth is good in last 4 quarters at 30.91%

No data to display

Latest Financials - Apcotex Industries Ltd.

Standalone Consolidated
TTM EPS (₹) 22.3 7.4
TTM Sales (₹ Cr.) 1,101 296
BVPS (₹.) 89.8 0
Reserves (₹ Cr.) 455 187
P/BV 4.55 0.00
PE 18.33 55.43
From the Market
52 Week Low / High (₹) 310.00 / 678.00
All Time Low / High (₹) 0.95 / 678.00
Market Cap (₹ Cr.) 2,120
Equity (₹ Cr.) 10.4
Face Value (₹) 2
Industry PE 19.2

Management X-Ray of Apcotex Inds :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Apcotex Inds

Adj EPS (Rs.)
Sales (Cr.)
ROE (%)
ROCE (%)

News

Apcotex Industries Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Apcotex Inds on 07-Feb-2023 18:01 is : 408.9.
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 07-Feb-2023 18:01 the market cap of Apcotex Inds stood at ₹ 2,119.7.
The latest PE ratio of Apcotex Inds as of 07-Feb-2023 18:01 is 18.33.
The latest PB ratio of Apcotex Inds as of 07-Feb-2023 18:01 is 4.55
The 52-week high of Apcotex Inds is ₹ 678.0 and the 52-week low is ₹ 310.0.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of Apcotex Inds is ₹ 1,101 ( 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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