Is Apcotex Industries a good quality company?

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

Is Apcotex Industries 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 Somewhat Undervalued zone .

What is Apcotex Industries share price return in the past 10 years?

Apcotex Industries Ltd share price has appreciated 18.8% annually (CAGR) over the past ten years.

Is Apcotex Industries 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.

What is the P/E ratio of Apcotex Industries?

The latest standalone P/E ratio of Apcotex Industries as of 01-Nov-2024 is 39.37.

What is the P/B ratio of Apcotex Industries?

The latest standalone P/B ratio of Apcotex Industries as of 01-Nov-2024 is 3.78.

What is the 52-week high and low of Apcotex Industries?

The 52-week high of Apcotex Industries is Rs. 562.60 and the 52-week low is Rs. 380.90.

Apcotex Industries Ltd - Stock Valuation and Financial Performance

Name: Apcotex Industries
Brand: Apcotex Industries

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

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Apcotex Inds Share Price

₹396.35 4.50 1.15%
as on 01-Nov'24 18:59

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

Standalone Basis ^P Consolidated Basis

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

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	TTM
ROCE % ⓘ	16.5%	29.4%	21.2%	20.6%	23%	23.9%	9.3%	19.5%	34.9%	28%	-
Value Creation Index ⓘ	0.2	1.1	0.5	0.5	0.6	0.7	-0.3	0.4	1.5	1.0	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	297	355	268	388	526	626	496	541	957	1,080	1,255
Sales YoY Gr.	-	19.5%	-24.4%	44.6%	35.6%	18.9%	-20.7%	9%	77%	12.9%	-
Adj EPS ⓘ	2.3	4.1	3.9	3.4	7.8	8.7	2.8	8.3	18.3	20.1	10.1
YoY Gr.	-	76.8%	-4.6%	-14.3%	130.3%	12.4%	-68.5%	200.4%	121.8%	9.7%	-
BVPS (₹) ⓘ	16.4	19.2	36.1	43	47.5	53.6	48.5	58.9	76.4	91.8	104.9
Adj Net Profit ⓘ	12.1	21.4	20.4	17.5	40.2	45.2	14.3	42.8	95	104	52
Cash Flow from Ops. ⓘ	9.9	32	-64.4	22.2	53.2	38.8	36.3	75.2	47.5	121	-
Debt/CF from Ops. ⓘ	4.9	1	-0.4	1	0.3	0.1	1.4	0.2	1.1	1.3	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	15.4%	15.5%	29.6%	12.9%
Adj EPS ⓘ	27.1%	21%	94%	9.7%
BVPSⓘ	21.1%	14.1%	23.7%	20.2%
Share Price	18.8%	19%	1%	-18.4%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	TTM
Return on Equity % ⓘ	14.8	23.1	14.2	8.5	17.1	17.3	5.4	15.4	27.1	23.9	10.2
Op. Profit Mgn % ⓘ	8.4	11.8	14	7.4	12.4	11.1	7	12.9	14.6	14.7	9.2
Net Profit Mgn % ⓘ	4.1	6	7.6	4.5	7.6	7.2	2.9	7.9	9.9	9.6	4.2
Debt to Equity ⓘ	0.6	0.3	0.1	0.1	0.1	0	0.2	0.1	0.1	0.3	0.1
Working Cap Days ⓘ	83	76	146	133	112	109	141	128	96	101	62
Cash Conv. Cycle ⓘ	40	35	74	76	63	56	74	53	37	43	21

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 29.61%

Net Profit is growing at healthy rate in last 3 years 94.04%

Sales growth is good in last 4 quarters at 19.49%

Return on Equity has declined versus last 3 years average to 10.20%

Latest Financials - Apcotex Industries Ltd.

	Standalone	Consolidated
TTM EPS (₹)	10.1	7.4
TTM Sales (₹ Cr.)	1,255	296
BVPS (₹.) ⓘ	104.9	0
Reserves (₹ Cr.) ⓘ	533	187
P/BV ⓘ	3.78	0.00
PE ⓘ	39.37	53.34

From the Market
52 Week Low / High (₹)	380.90 / 562.60
All Time Low / High (₹)	0.95 / 678.00
Market Cap (₹ Cr.)	2,055
Equity (₹ Cr.)	10.4
Face Value (₹)	2
Industry PE ⓘ	35

Management X-Ray of Apcotex Inds:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

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

Valuation of Apcotex Inds

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Price Chart

Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of Apcotex Inds

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Sales	355	268	388	526	626	496	541	957	1,080	1,125
Operating Expenses ⓘ	313	231	359	462	557	461	471	817	921	1,011
Manufacturing Costs	38	31	47	58	64	62	72	123	141	143
Material Costs	239	167	260	348	429	335	325	601	681	749
Employee Cost	14	15	29	34	38	39	43	51	56	65
Other Costs ⓘ	22	18	24	23	25	25	30	43	42	54
Operating Profit ⓘ	42	37	29	64	69	34	70	140	159	114
Operating Profit Margin (%)	11.8%	13.9%	7.4%	12.1%	11.0%	7.0%	12.9%	14.6%	14.7%	10.1%
Other Income ⓘ	6	8	31	8	8	6	5	8	7	8
Interest ⓘ	4	3	4	3	3	2	4	3	5	16
Depreciation ⓘ	9	9	12	12	12	13	15	14	15	32
Exceptional Items ⓘ	0	0	-1	-1	0	0	0	0	0	0
Profit Before Tax ⓘ	35	33	43	56	62	25	57	130	146	75
Tax ⓘ	10	9	8	17	15	8	13	32	38	21
Profit After Tax	25	25	35	39	47	17	44	99	108	54
PAT Margin (%)	7.0%	9.2%	9.0%	7.3%	7.4%	3.4%	8.2%	10.3%	10.0%	4.8%
Adjusted EPS (₹)	4.8	4.8	6.8	7.5	9.0	3.2	8.5	19.1	20.8	10.4
Dividend Payout Ratio (%)	29%	38%	27%	32%	33%	94%	41%	26%	26%	53%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Shareholders Fund	100	187	223	246	278	251	305	396	476	522
Share Capital ⓘ	5	10	10	10	10	10	10	10	10	10
Reserves ⓘ	95	177	213	236	267	241	295	386	466	511
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	23	17	22	17	4	42	11	47	152	152
Long Term Debt	8	0	0	0	1	23	6	26	125	94
Short Term Debt	14	17	22	17	3	19	5	20	27	58
Trade Payables	20	34	22	48	53	46	81	100	102	135
Others Liabilities ⓘ	38	43	30	32	43	58	54	62	74	114
Total Liabilities ⓘ	181	281	297	344	377	397	452	605	803	922
Fixed Assets
Gross Block	122	189	99	100	110	171	205	228	468	499
Accumulated Depreciation	58	100	11	22	34	46	60	72	84	115
Net Fixed Assetsⓘ	63	90	88	79	76	125	145	157	384	384
CWIP ⓘ	2	5	6	9	21	19	12	39	12	8
Investmentsⓘ	31	18	40	75	69	54	82	98	88	111
Inventories	15	43	45	49	48	60	56	87	105	125
Trade Receivables	49	84	78	98	111	89	105	162	137	203
Cash Equivalents	4	10	6	7	10	16	15	9	22	24
Others Assetsⓘ	16	32	34	26	41	33	37	54	55	66
Total Assets ⓘ	181	281	297	344	377	397	452	605	803	922

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	32	-64	22	53	39	36	75	48	121	40
PBT ⓘ	35	33	43	56	62	25	57	130	146	75
Adjustment ⓘ	8	5	-11	6	7	10	15	17	19	45
Changes in Working Capital ⓘ	-1	-96	-3	5	-17	7	15	-70	-8	-63
Tax Paid ⓘ	-10	-7	-7	-14	-12	-5	-12	-30	-35	-16
Cash Flow From Investing Activity ⓘ	-8	86	-8	-10	-8	-42	-37	-67	-179	-20
Capex	-8	-7	-11	-7	-22	-49	-24	-68	-187	-28
Net Investments	-1	18	1	-5	11	5	-15	0	7	7
Others ⓘ	1	75	1	2	3	2	1	1	1	1
Cash Flow From Financing Activityⓘ	-26	-17	-17	-18	-30	7	-46	12	71	-13
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	-8	-8	-8	0	1	29	-21	20	95	0
Interest Paid ⓘ	-3	-2	-3	-2	-2	-1	-4	-3	-5	-15
Dividend Paid ⓘ	-5	-7	-9	-9	-12	-31	-8	-21	-26	-28
Others ⓘ	-9	1	3	-7	-17	10	-14	15	7	31
Net Cash Flow ⓘ	-2	5	-3	25	1	1	-8	-8	13	8

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	26.69	17.2	17.06	16.47	17.78	6.29	15.87	28.17	24.75	10.8
ROCE (%)	29.41	21.21	20.62	23	23.89	9.28	19.53	34.88	28.04	13.53
Asset Turnover Ratio	2.16	1.29	1.5	1.68	1.74	1.28	1.27	1.81	1.54	1.31
PAT to CFO Conversion(x)	1.28	-2.56	0.63	1.36	0.83	2.12	1.7	0.48	1.12	0.74
Working Capital Days
Receivable Days	47	81	68	60	61	74	65	51	50	55
Inventory Days	15	36	37	32	28	40	39	27	32	37
Payable Days	35	60	40	37	43	54	71	55	54	58

Apcotex Industries Ltd Stock News

Apcotex Industries Ltd FAQs

What is the share price of Apcotex Inds?

Company share prices are keep on changing according to the market conditions. The closing price of Apcotex Inds on 01-Nov-2024 18:59 is ₹396.4.

What is the market cap of Apcotex Inds?

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 01-Nov-2024 18:59 the market cap of Apcotex Inds stood at ₹2,055.1.

What is the P/E ratio of Apcotex Inds?

The latest P/E ratio of Apcotex Inds as of 01-Nov-2024 18:59 is 39.37.

What is the P/B ratio of Apcotex Inds?

The latest P/B ratio of Apcotex Inds as of 01-Nov-2024 18:59 is 3.78.

What is the 52-week high and low of Apcotex Inds?

The 52-week high of Apcotex Inds is ₹562.6 and the 52-week low is ₹380.9.

What is the TTM revenue of Apcotex Inds?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Apcotex Inds is ₹1,255 ( 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).