Apcotex Industries Limite
NSE: APCOTEXIND · Rubber · sector
₹523.65NSE close 2026-10-26
Key numbers
Market cap₹2,715 cr
Price₹523.65
52w high / low₹712 / ₹310
P/E16.9xSector median 16.9x
P/B4.4xSector median 3.2x
Book value₹119.8
Dividend yield1.33%Sector median 1.03%
ROE27.5%Sector median 16.3%
ROCE31.2%Sector median 13.8%
OPM16.1%Sector median 12.0%
Debt / equity0.15xSector median 0.28x
EV/EBITDA10.7xSector median 12.7x
Interest cover23.0x
Current ratio1.66x
Sales growth 3y+10.1%Sector median +6.0%
Profit growth 3y-2.1%Sector median -2.1%
PEG–
Last 12 months to Jun 2026, Standalone. "Sector median" = middle value of 9 companies in Rubber (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹68 cr vs borrowings ₹93 cr (FY26): borrowings are higher by ₹25 cr.
- Operating profit covered interest 23.0x in the last 12 months.
- No promoter shares are pledged.
- Operating cash flow was below net profit in 2 of the last 5 years (FY24, FY22).
- Revenue was higher than a year earlier in 2 of the last 4 quarters.
- Other income was 11% of net profit in the last 12 months.
- Dividend paid in 5 of the last 5 financial years.
- Price ₹523.65 on 2026-10-26: -26.5% from the 52-week high, +68.7% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹681.60 · low ₹297.60
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 351 | 355 | 349 | 376 | 337 | 331 | 398 | 526 |
| EBITDA | 27 | 27 | 38 | 39 | 46 | 39 | 55 | 117 |
| OPM % | 7.8% | 7.6% | 11.0% | 10.3% | 13.8% | 11.7% | 13.8% | 22.3% |
| Other income | 3 | 5 | 1 | 3 | 5 | 3 | 7 | 3 |
| Net profit | 11 | 12 | 17 | 19 | 25 | 22 | 35 | 79 |
| EPS (₹) | 2.11 | 2.23 | 3.23 | 3.70 | 4.88 | 4.28 | 6.70 | 15.23 |
| Revenue YoY | -4.1% | -6.7% | +13.8% | +39.9% | ||||
| Profit YoY | +131.1% | +92.2% | +107.4% | +312.0% |
Standalone figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 957 | 1,080 | 1,125 | 1,392 | 1,442 | 1,591 |
| EBITDA | 140 | 159 | 114 | 125 | 178 | 257 |
| Net profit | 99 | 108 | 54 | 54 | 101 | 161 |
| EPS (₹) | 19.06 | 20.82 | 10.39 | 10.43 | 19.56 | 31.09 |
| Revenue growth | +12.9% | +4.1% | +23.8% | +3.5% | +11.2% | |
| Profit growth | +9.2% | -50.1% | +0.3% | +87.6% | +175.9% | |
| Dividend / share (₹) | 4.00 | 5.00 | 5.50 | 5.50 | 7.00 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +10.1% | +21.7% | +11.2% |
| Net profit | -2.1% | +18.1% | +175.9% |
| EPS | -2.1% | +18.1% | – |
| Share price | – | +13.7% (2y) | +50.6% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 476 | 522 | 553 | 621 |
| Borrowings | – | 152 | 183 | 185 | 93 |
| Cash & equivalents | – | 37 | 47 | 62 | 68 |
| Total assets | – | 803 | 922 | 999 | 986 |
| Fixed assets | – | 383 | 384 | 384 | 362 |
| Capital work in progress | – | 12 | 8 | 12 | 11 |
| Investments | – | 73 | 89 | 83 | 95 |
| Receivables | – | 137 | 203 | 254 | 244 |
| Inventory | – | 105 | 125 | 138 | 128 |
| Payables | – | 102 | 136 | 188 | 184 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 48 | 121 | 40 | 85 | 203 |
| Cash from investing | -67 | -179 | -20 | -29 | -57 |
| Cash from financing | 12 | 71 | -13 | -44 | -141 |
| Capex | 68 | 187 | 28 | 50 | 44 |
| Free cash flow | -20 | -66 | 12 | 35 | 159 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 22.7% | 10.3% | 9.8% | 16.3% |
| ROCE % | – | 24.0% | 12.8% | 12.7% | 20.5% |
| Debtor days | – | 46 | 66 | 67 | 62 |
| Inventory days | – | 54 | 59 | 49 | 47 |
| Payable days | – | 53 | 64 | 66 | 68 |
| Cash conversion cycle (days) | – | 47 | 61 | 50 | 41 |
| Working capital days | – | 48 | 50 | 41 | 50 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 58.23% |
| FIIs | 1.55% |
| DIIs | 0.51% |
| of which Mutual funds | 0.01% |
| Public (non-institutions) | 39.71% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 58.23% | 58.23% | 58.23% | 58.23% | 58.23% | 58.23% | 58.23% | 58.23% |
| Promoter group | % |
|---|---|
| Parul Atul Choksey | 14.27% |
| Atul Choksey | 13.27% |
| Abhiraj Choksey | 13.21% |
| Devanshi Anant Veer Jalan | 11.51% |
| Biyash A Choksey | 0.67% |
| Rita Ashok Parekh | 0.61% |
| Abhiraj Trading And Investments Pvt Ltd | 0.56% |
| Alekha Abhiraj Choksey | 0.50% |
| Tarika Abhiraj Choksey | 0.50% |
| Aquamarine Trading & Investments Private Limited | 0.48% |
| Kumud Investment And Trading Private Limited | 0.48% |
| Namrata Nihal Doshi | 0.47% |
| Amit Champaklal Choksey | 0.33% |
| Ankita Rohan Khatau | 0.26% |
| Gauriputra Investments And Trading Co Pvt Ltd | 0.26% |
| Public holders above 1% | % |
|---|---|
| Mita Dipak Shah | 1.12% |
| Investor Education And Protection Fund Authority Ministry Of Corporate Affairs | 1.08% |
| Farokh D Pandole | 1.05% |
34,598 shareholders. Pledged: 0.00% of promoter shares.
Peers in Rubber
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| APCOTEXIND | ₹2,715 cr | 16.9x | 4.4x | 27.5% | 31.2% | 16.1% | +10.1% | 1.33% |
| PIXTRANS | ₹2,246 cr | 17.1x | 3.2x | 20.4% | 24.8% | 25.3% | +6.2% | 0.54% |
| TINNARUBR | ₹1,357 cr | 21.7x | 4.5x | 25.8% | 22.6% | 18.6% | – | 0.51% |
| GRPLTD | ₹930 cr | 164.1x | 5.2x | 3.1% | 7.4% | 8.1% | +5.9% | 0.83% |
| HARRMALAYA | ₹287 cr | 10.6x | 1.6x | 16.3% | 13.8% | 4.1% | +3.5% | – |
| RUBFILA | ₹270 cr | 10.2x | 0.9x | 8.7% | 11.7% | 6.8% | – | 4.02% |
| AMEENJI | ₹264 cr | 41.6x | 6.1x | 14.6% | 34.6% | 15.7% | – | – |
| RISHIROOP | ₹112 cr | 5.1x | 0.8x | 8.0% | 10.3% | 12.0% | -6.7% | 1.23% |
| SAMPANN | ₹106 cr | 15.1x | 2.3x | 22.0% | 7.8% | 10.6% | +35.2% | – |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-06-12 | Dividend | Dividend - Rs 5.50 Per Share |
| 2026-02-04 | Dividend | Interim Dividend - Rs 2.50 Per Sh |
| 2025-06-13 | Dividend | Dividend - Rs 4.50 Per Share |
| 2025-02-03 | Dividend | Interim Dividend - Rs 2 Per Share |
| 2024-07-19 | Dividend | Dividend - Rs 3.50 Per Share |
| 2024-02-05 | Dividend | Interim Dividend - Rs 2 Per Share |
| 2023-06-12 | Dividend | Annual General Meeting/Dividend - Rs 3.50 Per Share |
| 2023-02-07 | Dividend | Interim Dividend - Rs 2 Per Share |
| 2022-06-06 | Dividend | Annual General Meeting/Dividend - Rs 3 Per Share |
| 2022-02-10 | Dividend | Interim Dividend - Rs 2 Per Share |
| 2021-07-01 | Dividend | Annual General Meeting/Dividend - Rs 2 Per Share |
| 2021-02-11 | Dividend | Interim Dividend - Rs 1.50 Per Share |
| 2020-07-23 | Other | Annual General Meeting |
| 2020-02-24 | Dividend | Interim Dividend - Rs 3 Per Share |
| 2019-07-04 | Split | Face Value Split (Sub-Division) - From Rs 5 Per Share To Rs 2 Per Share |
| 2019-05-23 | Dividend | Annual General Meeting/Dividend Rs 7.50 Per Sh |
| 2018-07-19 | Dividend | Annual General Meeting/Dividend- Rs 6 Per Share |
| 2017-08-08 | Dividend | Annual General Meeting/Dividend - Rs 4.50 Per Share |
| 2016-07-28 | Dividend | Annual General Meeting/ Dividend -Rs 4.50/- Per Share |
| 2015-09-23 | Bonus | Bonus 1:1 |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Manufacturing: Manufacturing of synthetic rubber and lattices
| Sector | Industrials |
| Industry | Rubber |
| Sub-industry | Rubber |
| Symbol | APCOTEXIND |
| BSE code | 523694 |
| ISIN | INE116A01032 |
| Face value | ₹2.0 |
| Incorporated | 1986-03-12 |
| Website | www.apcotex.com |
| Plants (India / abroad) | 2 / 0 |
From the company's filings (BRSR FY26).
Data built 2026-10-23 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.