Apcotex Inds

₹439 6.3 | 1.4%

WEBSITE BSE:523694 NSE : APCOTEX IND 23 Mar, 16:01

Market Cap ₹2282 Cr.

Stock P/E 21.0

P/B 4.9

Current Price ₹439

Book Value ₹ 89.8

Face Value 2

52W High ₹679

Dividend Yield 1.14%

52W Low ₹ 345.1

Edit Ratio

Apcotex Inds Research see more...

Apcotex Industries: Business Analysis

Overview Inc. Year: 1986Industry: Rubber Products

Apcotex Industries Ltd produces and sells synthetic emulsion polymers in India. It gives synthetic latexes, consisting of carboxylated styrene butadiene, styrene acrylic, vinyl pyridine, and nitrile latexes; and synthetic rubber, such as nitrile, NBR polyblend and powder, and high styrene rubber products. The corporation’s artificial latexes are utilized in programs, inclusive of tire cord dipping, paper and paperboard coating, carpet backing, concrete modification/water proofing, non-wovens, textile completing, paints, gloves, etc.; and artificial rubber to be used in various programs comprising shoes, automobile additives, rice rolls, molded objects, V-belts, conveyor belts, hoses, and so on. It additionally exports its merchandise. The enterprise was formerly called Apcotex Lattices Ltd and changed its name to Apcotex Industries Ltd in 2005. Apcotex Industries Ltd was founded in 1980 and is based in Mumbai, India.

Quarterly Price

Quarterly Monthly

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Peer Comparison

Apcotex Inds Quarterly Results

#(Fig in Cr.)	Jun 2020	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Dec 2022
Net Sales	60	129	165	187	185	243	251	277	306	234
Other Income	2	1	1	2	2	2	2	2	2	2
Total Income	62	130	166	189	188	245	253	279	308	236
Total Expenditure	64	111	140	157	156	212	217	232	258	203
Operating Profit	-2	20	26	32	32	33	36	47	50	33
Interest	1	1	1	1	1	1	1	1	1	1
Depreciation	4	4	4	3	3	4	4	4	4	4
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	-7	14	21	28	28	29	32	42	45	28
Provision for Tax	-0	3	5	5	6	6	8	12	12	7
Profit After Tax	-7	12	17	23	22	22	24	31	34	20
Adjustments	0	0	-0	-0	0	0	0	0	0	0
Profit After Adjustments	-7	12	17	23	22	22	24	31	34	20
Adjusted Earnings Per Share	-1.3	2.2	3.2	4.4	4.2	4.3	4.6	6	6.5	3.9

Apcotex Inds Profit & Loss

#(Fig in Cr.)	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	TTM
Net Sales	255	273	297	355	268	388	526	626	496	541	957	1068
Other Income	2	1	3	6	8	31	8	8	6	5	8	8
Total Income	257	274	300	361	276	419	534	634	502	546	965	1076
Total Expenditure	234	251	272	313	231	359	462	557	461	471	817	910
Operating Profit	23	24	28	48	45	60	72	77	40	75	148	166
Interest	4	3	5	4	3	4	3	3	2	4	3	4
Depreciation	3	3	7	9	9	12	12	12	13	15	14	16
Exceptional Income / Expenses	0	0	0	0	0	-1	-1	0	0	0	0	0
Profit Before Tax	16	18	17	35	33	43	56	62	25	57	130	147
Provision for Tax	5	5	4	10	9	8	17	15	8	13	32	39
Profit After Tax	11	13	13	25	25	35	39	47	17	44	99	109
Adjustments	0	0	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	11	13	13	25	25	35	39	47	17	44	99	109
Adjusted Earnings Per Share	2.2	2.5	2.5	4.8	4.8	6.7	7.5	9	3.2	8.5	19.1	21

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	77%	15%	20%	14%
Operating Profit CAGR	97%	24%	20%	20%
PAT CAGR	125%	28%	23%	25%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	21%	85%	18%	37%
ROE Average	28%	17%	17%	18%
ROCE Average	35%	21%	22%	21%

Apcotex Inds Balance Sheet

#(Fig in Cr.)	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Shareholder's Funds	70	78	85	100	187	223	246	278	251	305	396
Minority's Interest	0	0	0	0	0	0	0	0	0	0	0
Borrowings	26	22	17	8	0	0	0	1	23	6	26
Other Non-Current Liabilities	8	9	9	9	-2	7	7	8	12	18	17
Total Current Liabilities	63	63	72	64	96	67	91	91	111	122	165
Total Liabilities	167	172	183	181	281	297	344	377	397	452	605
Fixed Assets	32	65	68	63	90	88	79	76	125	145	157
Other Non-Current Assets	34	30	33	39	39	70	75	86	67	94	145
Total Current Assets	101	76	82	78	152	140	190	215	205	213	303
Total Assets	167	172	183	181	281	297	344	377	397	452	605

Apcotex Inds Cash Flow

#(Fig in Cr.)	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Opening Cash & Cash Equivalents	8	34	15	5	4	9	6	31	32	33	25
Cash Flow from Operating Activities	7	28	10	32	-64	22	53	39	36	75	48
Cash Flow from Investing Activities	-8	-28	-6	-8	86	-8	-10	-8	-42	-37	-67
Cash Flow from Financing Activities	27	-19	-14	-26	-17	-17	-18	-30	7	-46	12
Net Cash Inflow / Outflow	26	-19	-9	-2	5	-3	25	1	1	-8	-8
Closing Cash & Cash Equivalent	34	15	6	4	9	6	31	32	33	25	17

Apcotex Inds Ratios

#	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Earnings Per Share (Rs)	2.21	2.47	2.54	4.76	4.76	6.75	7.45	8.99	3.21	8.52	19.06
CEPS(Rs)	2.75	3.07	3.84	6.49	6.48	9.08	9.79	11.26	5.79	11.32	21.78
DPS(Rs)	1.6	1.8	2	2.8	1.8	1.8	2.4	3	3	3.5	5
Book NAV/Share(Rs)	13.45	15.08	16.44	19.23	36.1	42.99	47.52	53.57	48.47	58.91	76.41
Core EBITDA Margin(%)	7.47	7.44	7.53	10.64	12.51	6.63	11.84	11.04	6.95	12.92	14.61
EBIT Margin(%)	7.27	6.76	6.45	9.88	12.18	10.92	10.85	10.41	5.44	11.2	13.96
Pre Tax Margin(%)	5.85	5.94	5.02	8.87	11.18	10.04	10.34	9.85	4.96	10.49	13.62
PAT Margin (%)	4.11	4.21	3.96	6.28	8.25	8.09	7.17	7.44	3.35	8.17	10.33
Cash Profit Margin (%)	5.11	5.24	6	8.57	11.24	10.89	9.42	9.33	6.05	10.85	11.8
ROA(%)	7.8	7.57	7.4	13.56	10.68	12.1	12.05	12.93	4.3	10.41	18.7
ROE(%)	17.12	17.32	16.09	26.69	17.2	17.06	16.47	17.78	6.29	15.87	28.17
ROCE(%)	18.54	16.19	16.51	29.41	21.21	20.62	23	23.89	9.28	19.53	34.88
Receivable days	53.51	55.22	54.36	46.64	80.88	68.36	59.69	61.05	73.63	65.46	50.85
Inventory Days	19.62	14.6	15.33	15.02	35.73	37.07	31.75	28.41	39.65	38.99	27.26
Payable days	27.04	30.39	37.06	34.53	59.56	39.58	36.85	42.82	53.68	71.18	54.96
PER(x)	6.42	8.05	9.48	20.88	18.08	19	26.49	23.27	24.68	21.04	18.7
Price/Book(x)	1.06	1.32	1.46	5.17	2.38	2.98	4.15	3.9	1.63	3.04	4.66
Dividend Yield(%)	5.63	4.52	4.16	1.41	2.09	1.4	1.22	1.43	3.79	1.95	1.4
EV/Net Sales(x)	0.38	0.5	0.56	1.53	1.72	1.75	1.96	1.72	0.89	1.72	1.97
EV/Core EBITDA(x)	4.22	5.73	5.91	11.34	10.17	11.36	14.33	14.01	10.97	12.37	12.79
Net Sales Growth(%)	25.56	7.21	8.64	19.54	-24.43	44.6	35.6	18.91	-20.73	9	76.99
EBIT Growth(%)	15.22	1.28	4.16	81.4	-6.19	29.58	23.96	11.36	-58.54	124.08	120.68
PAT Growth(%)	6.9	11.7	2.64	87.78	-0.04	41.81	10.44	20.62	-64.32	165.58	123.75
EPS Growth(%)	6.9	11.7	2.64	87.78	-0.04	41.81	10.44	20.62	-64.32	165.58	123.75
Debt/Equity(x)	0.83	0.61	0.56	0.31	0.14	0.1	0.07	0.01	0.2	0.05	0.13
Current Ratio(x)	1.61	1.21	1.14	1.22	1.58	2.07	2.1	2.37	1.85	1.75	1.84
Quick Ratio(x)	1.39	1.04	0.9	0.99	1.13	1.41	1.56	1.84	1.32	1.29	1.31
Interest Cover(x)	5.1	8.18	4.5	9.7	12.13	12.49	21.31	18.63	11.18	15.89	41.05
Total Debt/Mcap(x)	0.79	0.46	0.39	0.12	0.06	0.03	0.02	0	0.12	0.02	0.03

Apcotex Inds Shareholding Pattern

#	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022
Promoter	58.12	58.15	58.17	58.2	58.2	58.15	58.15	58.2	58.22	58.23
FII	0	0	0	1.35	0.4	0.89	0.91	1	0.86	0.47
DII	0.86	0.86	0.86	0.49	0.45	0.45	0.51	0.6	0.17	0.1
Public	41.02	40.99	40.97	39.96	40.95	40.51	40.43	40.2	40.75	41.2
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022
Promoter	3.01	3.01	3.02	3.02	3.02	3.01	3.01	3.02	3.02	3.02
FII	0	0	0	0.07	0.02	0.05	0.05	0.05	0.04	0.02
DII	0.04	0.04	0.04	0.03	0.02	0.02	0.03	0.03	0.01	0.01
Public	2.13	2.13	2.12	2.07	2.12	2.1	2.1	2.08	2.11	2.14
Others	0	0	0	0	0	0	0	0	0	0
Total	5.18	5.18	5.18	5.18	5.18	5.18	5.18	5.18	5.18	5.18