Apcotex Industries

NSE: APCOTEXINDBSE: 523694
Compare with peers
₹ 508.60▼ 16.4 (−3.12%)28 Oct, 03:29 pm IST
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.

  • 28 Oct 2026Outcome of Board MeetingHigh impactVery positivePrice −3.1% so far today
    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.

    Filing
  • 22 Oct 2026AcquisitionLow impactPositivePrice −3.1% on 23 Oct
    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.

    Filing

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
AA-
DefaultRiskyModerateSafeVery safe
  • No warnings from the agency.
AgencyCurrent ratingOutlookAs of
ICRA[ICRA]AA-Stable26 Aug 2026
Credit rating actions
RatingDetails
26 Aug 2026
Reaffirmed
[ICRA]AA-—ICRA₹ 858.89 Cr.

Board meetings

Results dates and other board meetings. Full calendar

Details
28 Oct 2026UpcomingFinancial ResultsApcotex 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 2026Financial ResultsTo consider and approve the audited financial results for the period ended Jun 30, 2026
6 May 2026Financial Results/DividendTo consider and approve the financial results for the period ended March 31, 2026 and dividend
27 Mar 2026Other business mattersApcotex Industries Limited has informed the Exchange about Board Meeting to be held on 27-Mar-2026 to consider Other business.
29 Jan 2026Financial Results/DividendTo 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 2025Financial ResultsTo consider and approve the financial results for the period ended September 30, 2025
30 Jul 2025Financial ResultsInter alia, to consider and approve the financial results for the period ended Jun 30, 2025

Share price

1M change −13.21%
1 of 2 filing days came with a big price moveBiggest −3.1% todayAI reading matched the move 0 of 1
Volume (shares)Price (₹)
Close price

Financials

Consolidated figures in ₹ crore.

Quarterly results
₹ Cr.Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales279257311337351355349376337331398526
Expenses248232279305324328311337296288343409
Operating Profit3225313227273839414455117
OPM %11%10%10%9%8%8%11%10%12%13%14%22%
Other Income2222351310−273
Interest444445443222
Depreciation888101111111112121413
Profit before tax2115212015162426362845105
Tax %28%28%28%26%28%30%32%27%30%19%23%25%
Net Profit151115151112171925223579
EPS in Rs2.952.152.952.852.112.233.233.74.884.296.715.23

Growth and returns

Compounded yearly rates over each period.

Compounded Sales Growth
10 Years
18%
5 Years
22%
3 Years
10%
TTM
11%
Compounded Profit Growth
10 Years
17%
5 Years
18%
3 Years
−2%
TTM
176%
Stock Price CAGR
10 Years
15%
5 Years
14%
3 Years
6%
TTM
—
Return on Equity
10 Years
16%
5 Years
17%
3 Years
13%
TTM
—

Shareholding

Latest: Jun 2026.

Promoters
58.23%
0 pts in a year
FIIs
0.69%
+0.19 pts in a year
DIIs
1.91%
+0.91 pts in a year
Public
39.18%
−1.11 pts in a year

P/E and EPS over time

Daily P/E and trailing 12-month EPS. EPS updates with each result.

P/E 72xEPS (12 months) ₹ 7.24Median P/E 42.8x
P/E (times)EPS (₹)

Peers

Listed companies in the same business.

Peer comparison
Apcotex Industries₹ 508.60₹ 2,711 Cr.72x4.5x17%—
Gujarat Fluorochemicals₹ 4,241.25₹ 47,986 Cr.77.4x5.8x7.7%11.5%
DCM Shriram₹ 962.10₹ 14,996 Cr.5.6x2.1x11.6%6%
Supreme Petrochem₹ 710.10₹ 13,338 Cr.38.7x5.5x14.3%6.1%
Shaily Engineering Plastics₹ 2,959.40₹ 13,623 Cr.75x17.7x26.9%17.2%
Styrenix Performance Materials₹ 1,944.00₹ 3,417 Cr.21.2x2.9x14.7%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

Prices are delayed and for information only. Nothing on this page is investment advice.