Apcotex Industries Ltd (APCOTEXIND) AI Stock Analysis

• Market Cap: ₹19.65B
• Dividend Yield: 1.73%
• Average Volume (3M): 2.55K
• Price to Earnings (P/E): 33.6
• Beta (1Y): 0.72
• Revenue Growth: 20.96%
• EPS Growth: 3.29%
• Country: IN
• Employees: 565
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Chemicals - Specialty
• EPS (TTM): 3.70
• Shares Outstanding: 51,844,960
• 10 Day Avg. Volume: 2,785
• 30 Day Avg. Volume: 2,553
• PEG Ratio: 80.49
• Price to Book (P/B): 3.03
• Price to Sales (P/S): 1.20
• P/FCF Ratio: 48.19
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ₹433.00
• Price Target Upside: 14.22% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 68 Neutral
• Price Target: ₹433.00 ▲(14.22% Upside)

Apcotex Industries Ltd shows strong financial performance with consistent growth and a stable balance sheet, which is the most significant factor in its overall score. Technical analysis presents mixed signals, with a slight bearish trend in the short term. The valuation indicates the stock may be overvalued, which slightly dampens the overall score.

Apcotex Industries Ltd Business Overview & Revenue Model

Company Description

Apcotex Industries Ltd is a prominent Indian company specializing in the production of synthetic rubber and latex. The company operates primarily within the chemical industry, focusing on providing high-quality products for various applications including automotive components, construction materials, footwear, and adhesives. Apcotex Industries is known for its extensive range of products such as nitrile rubber, high styrene rubber, and other synthetic latexes, catering to both domestic and international markets.

How the Company Makes Money

Apcotex Industries Ltd generates revenue through the manufacture and sale of synthetic rubber and latex products. The company's key revenue streams include the sale of nitrile rubber and high styrene rubber, which are used extensively in industries such as automotive, construction, and consumer goods. Apcotex has developed strong relationships with both domestic and international clients, allowing them to maintain a steady demand for their products. Additionally, the company may engage in strategic partnerships or collaborations to enhance its product offerings and reach new markets, further contributing to its earnings. Their focus on innovation and quality helps them secure long-term contracts and repeat business, which are crucial for sustaining revenue growth.

Apcotex Industries Ltd Financial Statement Overview

Summary

Apcotex Industries Ltd exhibits robust financial health with consistent revenue and profit growth, supported by a strong balance sheet and improving cash flows. While its leverage remains manageable, the company must monitor debt levels closely to sustain financial flexibility.

Income Statement

Apcotex Industries Ltd has demonstrated strong revenue growth, with a 25% increase in total revenue from 2024 to 2025 and consistent growth over the past several years. The gross profit margin improved to 26% in 2025, and the net profit margin remained stable at about 3.9%. The EBIT margin has shown improvement, reaching 20.7% in 2025, indicating efficient management of operational expenses. However, the EBITDA margin decreased slightly, suggesting increased depreciation and amortization expenses.

Balance Sheet

The company's balance sheet is stable with a debt-to-equity ratio of 0.34, reflecting a conservative approach to leveraging. Return on equity (ROE) is moderate at 9.8%, indicating reasonable profitability relative to shareholder equity. The equity ratio stands at 55.4%, showcasing strong asset backing by equity. However, the increase in total debt over the years is a point of caution.

Cash Flow

Cash flow analysis reveals a positive trend in free cash flow, which grew significantly by 179% from 2024 to 2025. The operating cash flow to net income ratio is strong at 1.57, indicating efficient cash generation from operations relative to profit. However, free cash flow to net income ratio is lower at 0.64, suggesting significant capital expenditures that need to be managed carefully.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	14.31B	13.92B	11.13B	10.69B	9.51B	5.38B
Gross Profit	3.11B	3.62B	3.30B	3.56B	1.99B	1.95B
EBITDA	1.42B	1.25B	1.22B	1.66B	1.48B	747.81M
Net Income	584.23M	540.65M	538.79M	1.08B	988.06M	441.59M
Balance Sheet
Total Assets	0.00	9.99B	9.22B	8.03B	6.05B	4.52B
Cash, Cash Equivalents and Short-Term Investments	491.40M	616.38M	377.27M	302.00M	172.71M	248.63M
Total Debt	0.00	1.89B	1.88B	1.52B	502.64M	145.90M
Total Liabilities	-5.53B	4.46B	4.00B	3.27B	2.09B	1.46B
Stockholders Equity	5.53B	5.53B	5.22B	4.76B	3.96B	3.05B
Cash Flow
Free Cash Flow	0.00	347.68M	124.39M	-656.34M	-204.09M	514.77M
Operating Cash Flow	0.00	847.20M	402.12M	1.21B	475.44M	752.24M
Investing Cash Flow	0.00	-287.49M	-196.35M	-1.79B	-670.64M	-368.93M
Financing Cash Flow	0.00	-444.87M	-129.89M	707.79M	119.27M	-462.58M

Apcotex Industries Ltd Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 379.10
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:APCOTEXIND, the sentiment is Negative. The current price of 379.1 is below the 20-day moving average (MA) of 403.09, below the 50-day MA of 403.80, and above the 200-day MA of 363.16, indicating a neutral trend. The MACD of -3.93 indicates Positive momentum. The RSI at 38.00 is Neutral, neither overbought nor oversold. The STOCH value of 29.35 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:APCOTEXIND.

Apcotex Industries Ltd Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
PRAKASH	73 Outperform	₹30.41B	8.53	―	0.90%	1.39%	2.04%
APCOTEXIND	68 Neutral	₹19.65B	33.64	―	1.73%	20.96%	3.29%
SHREEPUSHK	67 Neutral	₹14.40B	21.55	―	0.46%	16.35%	55.49%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
MOL	48 Neutral	₹20.90B	―	―	―	―	―