



Capital Goods | Small Cap
Apcotex Industries Ltd. presents a strong but mixed financial profile. The company's greatest strengths are its exceptional profitability and extremely low debt levels, indicating a very stable and low-risk financial structure. It is highly effective at turning revenue into profit and can easily cover its interest and dividend payments. However, there are areas of concern. The company's short-term cash position is tight, and its core operations have recently consumed rather than generated cash. While profit growth has been impressive, this has occurred despite a decline in overall sales revenue. Operationally, the company is slow to collect payments from customers and is not generating high sales volumes from its assets. The future outlook appears positive due to the strong profitability and solid balance sheet, but its operational efficiency and short-term liquidity are key areas to monitor.
Apcotex Industries Ltd. presents a strong but mixed financial profile. The company's greatest strengths are its exceptional profitability and extremely low debt levels, indicating a very stable and low-risk financial structure. It is highly effective at turning revenue into profit and can easily cover its interest and dividend payments. However, there are areas of concern. The company's short-term cash position is tight, and its core operations have recently consumed rather than generated cash. While profit growth has been impressive, this has occurred despite a decline in overall sales revenue. Operationally, the company is slow to collect payments from customers and is not generating high sales volumes from its assets. The future outlook appears positive due to the strong profitability and solid balance sheet, but its operational efficiency and short-term liquidity are key areas to monitor.
Overall Valuation Score
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P/E RATIO (TTM)
32.68
Industry Median
21.62
Small Cap Median
20.49
P/E RATIO
85.91
P/B RATIO
16.73
Industry Median
2.70
Small Cap Median
2.73
P/S RATIO
10.60
Industry Median
1.78
Small Cap Median
1.46
Others
PEG RATIO
1.53
EV/EBITDA RATIO
64.19
The Calculations Shown Above Are Based on the Last Traded Price (LTP) of ₹639.2 as on Sep 1, 2026.
The company's growth story is one of contrasts. On one hand, it faces a significant challenge with declining sales revenue and operating profit, which is a major concern for its market position. On the other hand, it has achieved outstanding growth in its bottom-line profits (net income and earnings per share) and has aggressively expanded its asset base. This suggests a strategic focus on improving profitability and investing for the future, even during a period of lower sales.
| Growth Ratios | Mar 2016 |
|---|---|
| Revenue Growth Rate | -16.76 |
| Operating Profit Growth Rate | -2.38 |
| Earnings Per Share (EPS) Growth | 56.3 |
| Asset Growth Rate | 59.12 |
| Net Income Growth Rate | 56 |
Revenue Growth Rate
Operating Profit Growth Rate
Earnings Per Share (EPS) Growth
Asset Growth Rate
Net Income Growth Rate
Peer Comparison empowers investors to evaluate a company against its industry peers using key financial metrics like P/E ratio, EPS, and profit margins. It helps identify whether a company is overvalued, undervalued, or performing in line with competitors. Investors can use this data to spot opportunities, assess risks, and make informed decisions. This contextual view adds depth beyond standalone company analysis.
| NO | Company Name | Health Score | P/E Ratio | Valuation | OPM | EPS | Latest Profit & Loss |
|---|---|---|---|---|---|---|---|
| 1 | Pix Transmission Ltd | 8.02 | 22.75 | Neutral | 153.00 | 67.58 | 107.00 |
| 2 | Apcotex Industries Ltd | 7.67 | 85.91 | Highly Overvalued | 36.00 | 19.56 | 38.00 |
| 3 | GRP Ltd | 6.08 | 335.36 | Neutral | 40.00 | 16.74 | 3.00 |
| 4 | GOODYEAR | N/A | N/A | N/A | N/A | N/A | N/A |
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Overall Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Neutral
Market Sentiment
Analysis Driven By 1 Technical Indicators From The 1 Hour Timeframe
Analyzing moving average trends and crossovers. Green/Red badges indicate if the current condition passes or fails.
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Recent daily trading volume represented as a bar chart, alongside historical averages.
Current closing price relative to the 52-week highest and lowest prices.
Concall Report⬤3rd Feb 26
Q3 and 9M FY26 Earnings Conference Call
BULLISH SENTIMENT
No Stock News Available at This Moment.
Apcotex Industries Ltd. is a leading manufacturer of Synthetic Latex and Synthetic Rubber in India. The company produces various grades of Styrene Butadiene Latex, Vinyl Pyridine Latex, Nitrile Butadiene Rubber, and High Styrene Rubber. These products serve diverse applications across industries like paper, carpet, construction, textiles, and automotive.
P/E Ratio (TTM): Price to Earnings ratio shows how much an investor pays for every rupee of the company's earnings. Apcotex Industries Ltd's P/E ratio (TTM) is 32.68, compared to the industry median of 21.62 and large cap median of 20.49.
P/B Ratio: Price to Book ratio compares a company's market price to its book value per share. Apcotex Industries Ltd's P/B ratio is 16.73, compared to the industry median of 2.70 and large cap median of 2.73.
P/S Ratio: Price to Sales ratio compares a company's market value to its total revenue. Apcotex Industries Ltd's P/S ratio is 10.60, compared to the industry median of 1.78 and large cap median of 1.46.
PEG Ratio: PEG ratio adjusts the P/E ratio for expected earnings growth. Apcotex Industries Ltd's PEG ratio is 1.53.
EV/EBITDA Ratio: This ratio compares a company's enterprise value to its earnings before interest, tax, depreciation, and amortization. Apcotex Industries Ltd's EV/EBITDA ratio is 64.19.
Return on Equity (ROE): ROE measures how much profit a company generates from shareholders' invested capital. Apcotex Industries Ltd's ROE is 20.86%.
Return on Assets (ROA): ROA measures how efficiently a company converts its assets into net profit. Apcotex Industries Ltd's ROA is 14.24%.
Return on Capital Employed (ROCE): ROCE measures how efficiently a company generates profit from all the capital it employs. Apcotex Industries Ltd's ROCE is 20%.
Operating Margin: Operating margin shows what percentage of revenue remains after covering operating expenses. Apcotex Industries Ltd's operating margin is 13.99%.
Net Margin: Net margin shows what percentage of revenue converts into final net profit. Apcotex Industries Ltd's net margin is 13.31%.
Current Ratio: The current ratio measures a company's ability to pay short-term liabilities using short-term assets. Apcotex Industries Ltd's current ratio is 1.91.
Debt to Equity Ratio: This ratio shows the proportion of debt a company uses relative to shareholders' equity. Apcotex Industries Ltd's debt-to-equity ratio is 0.04.
Interest Coverage Ratio: This ratio shows how easily a company can pay interest on its outstanding debt from its operating earnings. Apcotex Industries Ltd's interest coverage ratio is 13.
Dividend Per Share (DPS): DPS shows the total dividend paid per share in the latest financial year. Apcotex Industries Ltd's DPS is ₹1.79.
Earnings Per Share (EPS): EPS shows how much profit is allocated to each outstanding share. Apcotex Industries Ltd's EPS is 56.30.
(Source line: "Ratios as of 26 Oct 2026, based on last traded price of ₹639.20. Data sourced from BSE/NSE Exchange Filings & Public Terminal Data.")
Founded: 1980
Headquarters: Mumbai, Maharashtra
Core Offerings: Styrene Butadiene Latex (SBL), Vinyl Pyridine Latex (VP Latex), Nitrile Butadiene Rubber (NBR), High Styrene Rubber (HSR), Acrylic Latex
Stock Listing: NSE (APCOTEXIND), BSE (523694)
Promoter: Firodia Group
Apcotex Industries Ltd. was incorporated in 1980. In 1994, it acquired the Polymer division of Apcotex Limited, marking its entry into Synthetic Latex manufacturing. The company consistently expanded its product portfolio and capacities over the years. A key milestone was the acquisition of the Nitrile Butadiene Rubber (NBR) business of Omnova Solutions India Private Limited in 2015, strengthening its position in Synthetic Rubber. Today, it stands as a prominent player in the Indian specialty chemicals market.
| Segment Name | Revenue % | EBITDA |
|---|---|---|
| Polymer Latex | 74% | 16.45% Operating PBT margin (FY23) |
| Synthetic Rubber | 26% | 10.47% Operating PBT margin (FY23) |
Polymer Latex: Includes Styrene Butadiene Latex (SBL), Vinyl Pyridine Latex (VP Latex), and Acrylic Latex. These products are crucial for applications such as paper and paperboard coatings, carpet backing, construction adhesives, textiles, and gloves. Apcotex offers a wide range of custom grades for specific industrial requirements.
Synthetic Rubber: Comprises Nitrile Butadiene Rubber (NBR) and High Styrene Rubber (HSR). NBR is highly valued for its oil, fuel, and chemical resistance, finding applications in automotive components, hoses, seals, and industrial rubber products. HSR is used in shoe soles, micro-cellular sheets, and other general rubber goods.
Mr. Atul G. Firodia - Chairman & Managing Director. A seasoned industrialist, Mr. Firodia has been instrumental in steering Apcotex's growth and diversification strategy, enhancing its market presence and product innovation.
Apcotex Industries announced a 1:2 bonus issue in August 2023. The company also underwent a 1:10 stock split in March 2018 (from Face Value ₹10 to ₹1).
The Apcotex Industries Ltd share price today is ₹639.20 on NSE (APCOTEXIND), as of 26 Oct 2026.
As of 26 Oct 2026, Apcotex Industries Ltd share price is ₹639.20, with previous close ₹639.20. Today's range is ₹639.20 to ₹639.20. The 52-week range is ₹N/A to ₹N/A.
As of today, Apcotex Industries Ltd's market cap is ₹3,106.51 crore (Small Cap).
Apcotex Industries Ltd's current P/E ratio is 32.68, compared to the AUTOMOBILES & AUTO COMPONENTS sector average of 52.
Apcotex Industries Ltd's current P/B ratio is 16.73.
Apcotex Industries Ltd's current dividend yield is 0.28%. Last dividend of ₹1.50 per share was declared on 13-May-2024.
Apcotex Industries Ltd's EPS (TTM) is ₹56.30.
Apcotex Industries Ltd. is a leading manufacturer of Synthetic Latex and Synthetic Rubber in India. The company produces various grades of Styrene Butadiene Latex, Vinyl Pyridine Latex, Nitrile Butadiene Rubber, and High Styrene Rubber. These products serve diverse applications across industries like paper, carpet, construction, textiles, and automotive.
Apcotex Industries Ltd is promoted by Firodia Group, holding 58.23% as of 26 Oct 2026.
Apcotex Industries Ltd is listed on NSE (APCOTEXIND) and BSE (523694). Its next quarterly results are expected on July/August 2024 (Q1 FY25).