NSE: APCOTEXIND · BSE: 523694 · ISIN INE116A01032
Apcotex Industries Limited stock analysis
Apcotex Industries Limited ranks #512 in the TickerSutra evidence-ranked universe with a score of 63/100 and 95% data confidence. The latest captured fundamentals show ROCE of 19.8%, quarterly sales growth of 39.9% and quarterly profit growth of 312.0%.Monitor only
INVESTMENT EVIDENCE
What supports—and challenges—the thesis
Evidence in favour
- Low debt/equity of 0.15×
- Strong CFO/EBITDA of 1.15×
- Institutional ownership is rising
- CWIP indicates an active capacity pipeline
- No promoter shares are reported as pledged
Risks and constraints
- Extreme base-effect growth requires manual validation
Still unresolved: Related-party exposure · Broad media sentiment
FINANCIAL TRAJECTORY
Recent operating history
| Period | Revenue | Operating profit | Net profit | Operating margin |
|---|---|---|---|---|
| 2022 | ₹957cr | ₹140cr | ₹99cr | 15.0% |
| 2023 | ₹1,080cr | ₹159cr | ₹108cr | 15.0% |
| 2024 | ₹1,125cr | ₹114cr | ₹54cr | 10.0% |
| 2025 | ₹1,392cr | ₹125cr | ₹54cr | 9.0% |
| 2026 | ₹1,442cr | ₹177cr | ₹101cr | 12.0% |
| TTM | ₹1,591cr | ₹256cr | ₹161cr | 16.0% |
EXCHANGE EVENT TRIGGERS
Latest corporate disclosures
MANAGEMENT COMMENTARY
Signals from filed documents
Abhiraj Choksey: See of course, while the quarter did include a favorable timing benefit, it was not purely incidental. You know, this margin expansion this quarter was driven by operational resilience, and that's been intentionally developed over the last few years by us. And the strategic capability which includes risk management, inventory management, procurement, quick procurement decisions at such times, now tha
So, the quantities remain the same, number of days of inventory we are holding remains the same, just that the value has gone up significantly. Sir, my next question is, given our strong balance sheet and cash generation, what is the management capital allocation priority between organic growth, debt reduction, or shareholder returns? Abhiraj Choksey: Look, for us, the return on capital is most important as and when
Let me provide you with a brief overview of the financial and operational highlights for the 1st Quarter of the Financial Year 2027: The company delivered an exceptional start to FY 2027, achieving its highest ever quarterly revenue of 526 crores, which represents a 40% year -on-year growth. This was driven by improved price realizations despite lower sales volumes. The quarter marked a historical financial milestone
And your second question was on, remind me again, sorry. Yes, we had a volume drop mainly because of the export market which we have developed. I mentioned on previous calls before that the MENA region has been a strategic region for us.
Expanding Demand for Water-Based and Sustainable Polymer Systems The transition toward environmentally compliant materials is accelerating the adoption of water-based polymer emulsions across industries. Regulatory pressure to reduce VOC emissions and increasing sustainability commitments are driving the shift from solvent-based to water-borne formulations. Emulsion polymers play a critical role in enabling low-VOC c
This allowed us to capitalize on constrained market supply and deliver strong profitability. Alongside our operational performance, we also continued to execute our strategic CAPEX plans during the quarter. Working capital requirements increased during the quarter, primarily due to higher raw material prices, which resulted in higher inventory values and receivables following the pass- through of increased input cost
The meeting was attended by 66 all the Independent Directors and was conducted to enable the Independent Directors to review the performance of Non-Independent Directors and the Board as a whole, assess the performance of the Chairman of the Company and discuss matters pertaining to the Company’s affairs and put forth their combined views to the Board of Directors of the Company. Code of Conduct The Company has adopt
So, as far as realization is concerned, in our kind of business, as you can see, in spite of lower volumes in Q1, we have higher realization. You know, the flip side has also been true where we have had higher volume and lower realization. So, really hard to predict the net realization.
Web link of policy on dealing with related party transactions: The web link of policy on dealing with related party transactions is provided in Directors Report. Details of preferential allotment or qualified institutions placement as specified under Regulation 32 (7A): The Company has not raised funds through preferential allotment or Qualified Institutional Placement. Certificate from Company Secretary in Practice
HOW TO READ THIS PAGE
Evidence, freshness and limitations
What does the TickerSutra score mean?
The score ranks captured evidence across financial quality, growth, moat and margins, regulatory catalysts, governance, institutional trend and valuation comfort. It is a research-prioritization tool—not a buy recommendation or price target.
Which sources support this page?
Financial history, ownership and pledge data, NSE and BSE filings, annual reports and available earnings-call transcripts are combined here. Use the source trail and original exchange document before relying on a decision-critical fact.
Why can an item be unresolved?
Unresolved means the current captured source window did not provide enough evidence for that check. It does not establish that a risk or relationship is absent.
Maintained by TickerSutra Research · Snapshot updated 29 Sept 2026 · Read the methodology · Read the disclaimer
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