Apcotex Industries share price & results

Apcotex Industries Limited· Capital Goods· Industrials

Results to: Jun 2026
Latest analysed call: Q1 FY27
Ownership as of: Sept 2026

Manufactures synthetic rubber and synthetic latex (emulsion polymers) at plants in Maharashtra and Gujarat.

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Reported

The figures, each with its period

Each figure keeps its basis and period; nothing is filled in.

Metric	Value	Change	Basis	Period	Note
Revenue	526 ₹ crore	+39.9% YoY	Quarterly, as filed	Quarter to Jun 2026	Revenue from operations as filed.
Operating margin	22.0 %	+12.0 pts YoY	Operating profit / revenue	Quarter to Jun 2026	For the quarter; a change is in percentage points.
Net profit	79.0 ₹ crore	+315.8% YoY	Quarterly, as filed	Quarter to Jun 2026	Profit after tax as filed.
Return on equity	Unavailable	+2.4 ptsFY Mar 2016 vs FY Mar 2015	Trailing twelve months	TTM · period unavailable	Not in the analysed materials. No older figure is substituted.
Free cash flow margin	Unavailable	−7.5 ptsFY Mar 2016 vs FY Mar 2015	Fiscal year	FY · period unavailable	Not in the analysed materials. No older figure is substituted.
Revenue growth (YoY)	Unavailable	—	Trailing twelve months	TTM · period unavailable	Not in the analysed materials. No older figure is substituted.

Source: Inve data from filed results; ratios from the Screener-verified panel · to Jun 2026

Guidance

What management said, and what became of it

2 of 6 judged targets kept · 8 open · verdicts reflect calls analysed to Q1 FY27.

Apcotex Industries Limited management guidance track record on Inve: 14 targets tracked across analysed earnings calls (2 achieved, 4 missed, 8 open).

Target	Original wording	Said	Latest call	Verdict
EBITDA Margin	14-15% normalized margins Call transcript, Q4 FY25 · 8 May 2025	Q4 FY25	Q1 FY27:Achieved 22.3% margin, well above the 12-16% range. Management noted a ~2% inventory gain but reiterated confidence in 15-16% average margins long-term. Call transcript, Q1 FY27 · 30 Jul 2026	Achieved
Export Contribution %	>40% over the next couple of years Call transcript, Q4 FY25 · 8 May 2025	Q4 FY25	Q1 FY27:No specific update on the percentage. Management noted export volumes were down due to geopolitical headwinds, implying a likely decrease in contribution. Call transcript, Q1 FY27 · 30 Jul 2026	Ghosted
Overall Volume Growth	low double-digits in volume for the whole year. Call transcript, Q4 FY26 · 14 May 2026	Q4 FY26	Q1 FY27:Overall sales volumes declined by 10-12% in Q1, putting the full-year target of low double-digit growth at risk. Call transcript, Q1 FY27 · 30 Jul 2026	At Risk

Source: Inve Guidance Tracker for Apcotex Industries Limited · to Q1 FY27

A verdict describes what became of management’s own words in later analysed calls. “Delayed” is a change of date, “went quiet” a target the calls stopped mentioning. None of it is a judgement on the investment. The methodology sets out how verdicts are recorded.

4 of Apcotex Industries Limited's 14 targets were missed. See which ones, and which are quietly gone. The 3 above are the free sample; 11 more targets are in the full ledger.

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Price

₹520.2 −0.66% · −₹3.45

Last close 27 Oct 2026 · NSE · INR · Source: Inve

Performance +46.2% 1Y

1Y: ₹355.9 on 24 Oct 2025 → ₹520.2. High ₹681.6 (29 Jul 2026), low ₹314.1 (30 Mar 2026).

Previous close: ₹523.65
Market cap: ₹2.7k Cr
52-week range: ₹314.1 – ₹681.6
One year: +46.04%

Overview

Symbol: NSE:APCOTEXIND
Sector: Capital Goods
Industry: Industrials
Exchange: NSE
Currency: INR

What Apcotex Industries Limited does

Based on the company's own presentations, annual report and earnings calls.

Apcotex Industries makes emulsion polymers across two product families: Synthetic Rubber (Nitrile Rubber/NBR and its blends and powder, High Styrene Rubber) and Synthetic Latex (XSB Latex, VP Latex, Styrene Acrylics, Nitrile Latex). These go into automotive components, footwear, rice-dehusking rollers, paper and paperboard, carpets, construction, gloves, textiles, coatings and tyre cord, sold to industrial customers such as ITC, Asian Paints, Ultratech Cement, MRF, SRF and Pidilite Industries. The Taloja (Maharashtra) plant traces back to a former Asian Paints division and today produces Synthetic Latex and High Styrene Rubber, while the Valia (Gujarat) plant produces Nitrile Rubber and Nitrile Latex. Apcotex sells both domestically and to overseas customers and distributors, supported by an in-house, DSIR-approved R&D centre with pilot reactors and application labs.

Segments

Synthetic Rubber
Synthetic Latex

Manufacturing plants: 2 (Taloja, Maharashtra; Valia, Gujarat) — both on India's western coast
Taloja plant installed capacity: 1,03,000 MTPA Synthetic Latex + 7,000 MTPA High Styrene Rubber
Valia plant installed capacity: 21,000 MTPA Nitrile Rubber & allied products + 50,000 MTPA Nitrile Latex
Export reach: Customers and distributors in 45+ countries, including Middle East, Asia, Southeast Asia and Africa
R&D infrastructure: DSIR-approved in-house R&D centre with pilot reactors and specialised application labs
Product portfolio breadth: One of the widest ranges of emulsion polymers available in India, spanning Synthetic Rubber and Synthetic Latex

Founded 1986Headquarters Navi Mumbai, Maharashtra, IndiaEmployees 550 (FY26) Company website

How the price took the results

close before → close after

Q1 FY27: −6.5%; 30 Jul
Q4 FY26: −0.0%; 14 May
Q3 FY26: +4.2%; 3 Feb
Q2 FY26: +10.6%; 6 Nov

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

Guidance

What management said, and what became of it

2 of 6 judged targets kept · 8 open · verdicts reflect calls analysed to Q1 FY27.

Apcotex Industries Limited management guidance track record on Inve: 14 targets tracked across analysed earnings calls (2 achieved, 4 missed, 8 open).

Target	Original wording	Said	Latest call	Verdict
EBITDA Margin	14-15% normalized margins Call transcript, Q4 FY25 · 8 May 2025	Q4 FY25	Q1 FY27:Achieved 22.3% margin, well above the 12-16% range. Management noted a ~2% inventory gain but reiterated confidence in 15-16% average margins long-term. Call transcript, Q1 FY27 · 30 Jul 2026	Achieved
Export Contribution %	>40% over the next couple of years Call transcript, Q4 FY25 · 8 May 2025	Q4 FY25	Q1 FY27:No specific update on the percentage. Management noted export volumes were down due to geopolitical headwinds, implying a likely decrease in contribution. Call transcript, Q1 FY27 · 30 Jul 2026	Ghosted
Overall Volume Growth	low double-digits in volume for the whole year. Call transcript, Q4 FY26 · 14 May 2026	Q4 FY26	Q1 FY27:Overall sales volumes declined by 10-12% in Q1, putting the full-year target of low double-digit growth at risk. Call transcript, Q1 FY27 · 30 Jul 2026	At Risk

Source: Inve Guidance Tracker for Apcotex Industries Limited · to Q1 FY27

The full ledger

Open Apcotex Industries Limited’s full ledger

A free account opens 5 company ledgers a month. All 14 tracked commitments, with each call’s wording and source.

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Latest analysed call: Q1 FY27, 30 Jul 2026. 6 calls analysed.

Call summaries

Q1 FY27 — 30 Jul 2026

Apcotex Industries Limited Q1 FY27

Apcotex Industries Limited delivered an exceptional Q1 FY27, achieving its highest ever quarterly revenue, EBITDA, and PAT. This strong performance was driven by improved price realizations and strategic operational efficiencies, despite a 10-12% volume decline primarily due to export market disruptions. The company is progressing with its CAPEX plans of ₹200-220 crores, which are expected to add ₹600 crores to the top line, and maintains a net cash position.

Read the full call

Q4 FY26 — 14 May 2026

Apcotex Industri Q4 FY26

Apcotex Industries delivered a strong Q4 FY26, with operating revenue growing 14% to INR 398 crores and PAT surging 107% to INR 35 crores, driven by higher volumes and improved margins. The full fiscal year FY26 also marked record sales and export volumes, alongside significant EBITDA and PAT growth. The company addressed one-time accounting adjustments related to employee benefits, asset impairment, and depreciation, while proactively managing raw material volatility due to geopolitical events.

Read the full call

Q3 FY26 — 3 Feb 2026

Apcotex Industri Q3 FY26

Apcotex Industries reported a strong Q3 FY26 with significant EBITDA and PAT growth, driven by higher volumes, improved margins, and operational efficiency, despite a revenue decline due to price corrections. The company maintained a net cash positive position and declared an interim dividend. While facing challenges like raw material volatility and delays in anti-dumping duty notification, Apcotex achieved record sales and export volumes for the nine-month period, with ongoing expansion plans set to boost future top-line growth.

Read the full call

Summaries of each call, in Inve’s own words; the transcript is not reproduced. Not investment advice.

Every analysed call

Apcotex Industries Limited earnings calls (APCOTEXIND)

Fundamentals

Ratios, each with its period

Current values with the period they cover; the trend reads across the 2 fiscal years held (Mar 2015 to Mar 2016).

Mar 2015 Mar 2016
51.00 days 105.00 days

How it is calculated. Reported receivable days from the annual accounts.
Mar 2015 Mar 2016
23.00 days 85.00 days

How it is calculated. Reported inventory days, using material cost / cost of goods sold.
Mar 2015 Mar 2016
31.00 days 67.00 days

How it is calculated. Reported payable days, using material cost / cost of goods sold.
Mar 2015 Mar 2016
43.00 days 123.00 days

How it is calculated. Reported debtor days plus inventory days less payable days.
Mar 2015 Mar 2016
10.00 days 56.00 days

How it is calculated. Reported net working capital days from the annual accounts.
Mar 2015 Mar 2016
30.00% 24.00%

How it is calculated. Reported dividend payout as a percentage of annual profit.
Mar 2015 Mar 2016
— —

How it is calculated. Market capitalisation from the current stock record.

Mar 2015	Mar 2016
51.00 days	105.00 days

Mar 2015	Mar 2016
23.00 days	85.00 days

Mar 2015	Mar 2016
31.00 days	67.00 days

Mar 2015	Mar 2016
43.00 days	123.00 days

Mar 2015	Mar 2016
10.00 days	56.00 days

Mar 2015	Mar 2016
30.00%	24.00%

Mar 2015	Mar 2016
—	—

A dash means inputs are missing or too old, the ratio does not apply, or the value is outside the supported range. FY uses the reported fiscal period; TTM the latest twelve months; valuations use the current market cap with the chosen earnings period. Screen Indian stocks on these ratios →

Financials

What the filings say

Net profit, year on year: +316% (quarter to jun 2026 against jun 2025).

In ₹ crore. Oldest period first.

Line item	Sept 2024	Dec 2024	Mar 2025	Jun 2025	Sept 2025	Dec 2025	Mar 2026	Jun 2026
Sales	351	355	349	376	337	331	398	526
Expenses	324	328	311	337	296	288	343	409
Operating profit	27	27	38	39	41	44	55	117
Operating margin	8.0%	8.0%	11.0%	10.0%	12.0%	13.0%	14.0%	22.0%
Other income	3	5	1	3	10	-2	7	3
Interest	4	5	4	4	3	2	2	2
Depreciation	11	11	11	11	12	12	14	13
Profit before tax	15	16	24	26	36	28	45	105
Tax rate	28.0%	30.0%	32.0%	27.0%	30.0%	19.0%	23.0%	25.0%
Net profit	11	12	17	19	25	22	35	79
EPS (₹ per share)	2.11	2.23	3.23	3.70	4.88	4.29	6.70	15.23

Source: Inve data · income statement, quarterly · to Jun 2026

In ₹ crore. Oldest period first.

Line item	Mar 2016	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Sales	296	1,079	1,125	1,392	1,442
Expenses	257	921	1,011	1,268	1,264
Operating profit	39	159	114	124	179
Other income	8	7	8	11	18
Interest	2	5	16	17	11
Depreciation	9	16	31	43	49
Profit before tax	36	146	73	75	135
Net profit	39	108	53	55	101

Source: Inve data · income statement, annual · to Mar 2026

In ₹ crore. Oldest period first.

Line item	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Sept 2025	Mar 2026
Equity capital	10	10	10	10	10	10
Reserves	386	466	511	543	570	611
Borrowings	50	152	188	189	135	96
Other liabilities	158	176	212	256	226	269
Total liabilities	605	803	922	999	941	986
Fixed assets	157	385	386	386	384	364
Capital work in progress	39	12	8	12	8	11
Investments	98	88	111	106	122	117
Other assets	312	318	417	495	426	494
Total assets	605	803	922	999	941	986

Source: Inve data · balance sheet · to Mar 2026

In ₹ crore. Oldest period first.

Line item	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from operations	75	48	121	40	85	203
Cash from investing	-37	-67	-179	-20	-29	-57
Cash from financing	-46	12	71	-13	-44	-141
Net cash flow	-8	-8	13	8	11	5
Free cash flow	52	-20	-66	12	43	165

Source: Inve data · cash flow · to Mar 2026

In days and %. Oldest period first.

Line item	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor days	71	62	46	66	67	62
Inventory days	63	53	56	61	50	49
Days payable	91	61	55	66	68	70
Cash conversion cycle	43	54	48	61	48	40
Working capital days	42	44	36	35	25	33
Return on capital employed	19.0%	35.0%	28.0%	13.0%	13.0%	20.0%
Dividend payout	41.0%	26.0%	26.0%	53.0%	62.0%	41.0%

Source: Inve data · annual ratios · to Mar 2026

Ownership

Who owns it

Promoters hold 58.23% as of Sept 2026; institutions cut 0.53 pts since Jun 2026.

Promoters 0.00 pts 58.23%
Foreign institutions +0.87 pts 1.56%
Domestic institutions −1.40 pts 0.51%
Government 0.00 pts 0.00%
Public +0.53 pts 39.71%

34,598 shareholders on the register.

Source: Exchange shareholding filings · to Sept 2026 · 8 filings held

Who was buying across the market this quarter

Who bought this quarter

since Jun 2026

Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.

newly disclosed 13.27% held
newly disclosed 1.12% held
newly disclosed 1.05% held
+0.06 pp 1.08% held

The same filing shows 0 holders trimming and 1 off the list — both are in the register beside this.

Who is on the register

Named in the Sep 2026 filing

Every holder of Apcotex Industries Limited above SEBI's 1% disclosure line, and what changed since Jun 2026.

Holder	Stake	Change
	14.27%	unchanged
	13.27%	newly disclosed
	13.21%	unchanged
	11.51%	unchanged
	1.12%	newly disclosed
	1.08%	+0.06 pp
	1.05%	newly disclosed
	0.67%	unchanged
	0.61%	unchanged
	0.56%	unchanged
	0.50%	unchanged
	0.50%	unchanged

A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.

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Performance +46.2% 1Y

What Apcotex Industries Limited does

How the price took the results

Q1 FY27 — 30 Jul 2026

Q4 FY26 — 14 May 2026

Q3 FY26 — 3 Feb 2026

What the price assumes

Who bought this quarter

Who is on the register

Learn to analyse Apcotex Industries Limited