Apcotex Industries
- Market cap
- ₹ 2,711 Cr.
- P/E
- 72x
- P/B
- 4.48x
- 52-week range
- 310.45 – 712
- ROE
- 17%
- ROCE
- 20%
- Dividend yield
- 1.5%
- Debt / equity
- 0.16
- Sector
- Industrial Products
- Industry
- Rubber
- Listed on
- NSE, BSE
About
Apcotex Industries Limited is an India-based specialty chemical company. The Company produces synthetic lattices (VP Latex, SBR and Acrylic Latex, Nitrile Latex) and synthetic rubber (high styrene rubber, nitrile butadiene rubber). It has a range of products based on Styrene-Butadiene Chemistry and Acryonitrile-Butadiene Chemistry available in the market. The Company’s range of Latexes are used for paper / paperboard coating, carpet backing, tire cord dipping, construction, gloves-examination, surgical and industrial use. The various grades of synthetic rubber find application in products, such as footwear, automotive components, v-belts, conveyor belts and hoses. It exports to over 45 countries, including the Indian Subcontinent, Southeast Asia, the Middle East. Its products include Apcoflex N745, Apcoflex N746, Apcoflex N747, Apcoflex N749, Apcoflex NVC70E, Apcoflex NVC70E-P, APCOTEX TSN 100, APCOTEX PC 400, APCOTEX TSN 400, APCOTEX PT 600, APCOTEX PT 663, APCOTEX PT 800 and other.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Rubber: 14 companies →Apcotex Industries against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.
- Valuation (P/E)72 against a typical 22.1: pricier than most peers (1st = cheapest).12th of 14
- Sales growth+39.9% against a typical +27.2% from a year earlier.3rd of 12
- Profit growth+315.8% against a typical +44.4% from a year earlier.2nd of 11
- Share price, 3 months−23% against a typical −11.5%.11th of 14
- Size₹ 2,710.9 Cr. market value against a typical ₹ 269.7 Cr. (1st = largest).1st of 14
Latest announcements
Exchange filings and their impact on the company.
- H1 revenue up 44% and PAT already above last full year signal ~40% higher sales and ~80% higher profit run-rate.
Apcotex Industries reported audited Q2 FY27 revenue of Rs 498.9 crore, up 48% from last year, with net profit of Rs 34.8 crore, up 38%. For the half year, revenue was Rs 1024.6 crore and net profit Rs 113.8 crore, already more than the full profit of Rs 101.4 crore last year. The strong growth lifts the earnings outlook sharply, though receivables, inventories and borrowings also rose in the half year.
- Apcotex paid Rs 72 lakh for a 1.275% stake in a solar SPV to source captive green power.
Apcotex Industries executed a share purchase agreement on 22 Oct 2026 to acquire 720,000 shares of Amplus Ampere Private Limited for Rs 72 lakh. The deal gives Apcotex a 1.275% stake in the solar power special purpose vehicle. The objective is captive consumption of solar power to lower energy costs, with completion expected within 7 days.
Credit ratings
Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates
High safety
Rated AA- by ICRA- No warnings from the agency.
| Agency | Current rating | Outlook | As of |
|---|---|---|---|
| ICRA | [ICRA]AA- | Stable | 26 Aug 2026 |
| Rating | Details | |||||
|---|---|---|---|---|---|---|
| 26 Aug 2026 | Reaffirmed | [ICRA]AA- | — | ICRA | ₹ 858.89 Cr. |
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 28 Oct 2026Upcoming | Financial Results | Apcotex Industries Ltd has informed exchange that the meeting of the Board of Directors of the Company is scheduled on 28/10/2026 ,inter alia, to consider and approve the audited financial results of the Company for the quarter and half year ended 30th September 2026 |
| 29 Jul 2026 | Financial Results | To consider and approve the audited financial results for the period ended Jun 30, 2026 |
| 6 May 2026 | Financial Results/Dividend | To consider and approve the financial results for the period ended March 31, 2026 and dividend |
| 27 Mar 2026 | Other business matters | Apcotex Industries Limited has informed the Exchange about Board Meeting to be held on 27-Mar-2026 to consider Other business. |
| 29 Jan 2026 | Financial Results/Dividend | To consider and approve the financial results of the Company for the quarter and nine months ended December 31, 2025 and to consider the proposal for declaration of interim dividend and fix the record date for the same. |
| 5 Nov 2025 | Financial Results | To consider and approve the financial results for the period ended September 30, 2025 |
| 30 Jul 2025 | Financial Results | Inter alia, to consider and approve the financial results for the period ended Jun 30, 2025 |
Financials
Consolidated figures in ₹ crore.
| ₹ Cr. | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 279 | 257 | 311 | 337 | 351 | 355 | 349 | 376 | 337 | 331 | 398 | 526 |
| Expenses | 248 | 232 | 279 | 305 | 324 | 328 | 311 | 337 | 296 | 288 | 343 | 409 |
| Operating Profit | 32 | 25 | 31 | 32 | 27 | 27 | 38 | 39 | 41 | 44 | 55 | 117 |
| OPM % | 11% | 10% | 10% | 9% | 8% | 8% | 11% | 10% | 12% | 13% | 14% | 22% |
| Other Income | 2 | 2 | 2 | 2 | 3 | 5 | 1 | 3 | 10 | −2 | 7 | 3 |
| Interest | 4 | 4 | 4 | 4 | 4 | 5 | 4 | 4 | 3 | 2 | 2 | 2 |
| Depreciation | 8 | 8 | 8 | 10 | 11 | 11 | 11 | 11 | 12 | 12 | 14 | 13 |
| Profit before tax | 21 | 15 | 21 | 20 | 15 | 16 | 24 | 26 | 36 | 28 | 45 | 105 |
| Tax % | 28% | 28% | 28% | 26% | 28% | 30% | 32% | 27% | 30% | 19% | 23% | 25% |
| Net Profit | 15 | 11 | 15 | 15 | 11 | 12 | 17 | 19 | 25 | 22 | 35 | 79 |
| EPS in Rs | 2.95 | 2.15 | 2.95 | 2.85 | 2.11 | 2.23 | 3.23 | 3.7 | 4.88 | 4.29 | 6.7 | 15.23 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- 18%
- 5 Years
- 22%
- 3 Years
- 10%
- TTM
- 11%
- 10 Years
- 17%
- 5 Years
- 18%
- 3 Years
- −2%
- TTM
- 176%
- 10 Years
- 15%
- 5 Years
- 14%
- 3 Years
- 6%
- TTM
- —
- 10 Years
- 16%
- 5 Years
- 17%
- 3 Years
- 13%
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Peers
Listed companies in the same business.
| Apcotex Industries | ₹ 508.60 | ₹ 2,711 Cr. | 72x | 4.5x | 17% | — |
| Gujarat Fluorochemicals | ₹ 4,241.25 | ₹ 47,986 Cr. | 77.4x | 5.8x | 7.7% | 11.5% |
| DCM Shriram | ₹ 962.10 | ₹ 14,996 Cr. | 5.6x | 2.1x | 11.6% | 6% |
| Supreme Petrochem | ₹ 710.10 | ₹ 13,338 Cr. | 38.7x | 5.5x | 14.3% | 6.1% |
| Shaily Engineering Plastics | ₹ 2,959.40 | ₹ 13,623 Cr. | 75x | 17.7x | 26.9% | 17.2% |
| Styrenix Performance Materials | ₹ 1,944.00 | ₹ 3,417 Cr. | 21.2x | 2.9x | 14.7% | 5.4% |
Management
- Abhiraj Atul Choksey
- Executive Vice Chairman of the Board, Managing Director
- Vivek Thakur
- Chief Financial Officer
- Drigesh Pramod Mittal
- Company Secretary & Compliance Officer
- Ravishankar Lakshmanan Sharma
- Executive Director
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