Apcotex Industries
Market Cap
₹7.5b
Last Updated
2020/10/23 12:45 UTC
Data Sources
Company Financials +
Executive Summary
Apcotex Industries Limited manufactures and markets synthetic emulsion polymers in India and internationally. More Details
Rewards
Risk Analysis
Snowflake Analysis
Excellent balance sheet with reasonable growth potential.
Share Price & News
How has Apcotex Industries's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 523694's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
16.0%
523694
1.5%
IN Chemicals
1.2%
IN Market
1 Year Return
-10.0%
523694
17.0%
IN Chemicals
2.6%
IN Market
Return vs Industry: 523694 underperformed the Indian Chemicals industry which returned 16.4% over the past year.
Return vs Market: 523694 underperformed the Indian Market which returned 2.4% over the past year.
Shareholder returns
| 523694 | Industry | Market | |
|---|---|---|---|
| 7 Day | 16.0% | 1.5% | 1.2% |
| 30 Day | 8.3% | 2.9% | 4.8% |
| 90 Day | 26.9% | 13.5% | 7.6% |
| 1 Year | -8.0%-10.0% | 19.6%17.0% | 4.3%2.6% |
| 3 Year | -9.0%-13.2% | 36.1%27.6% | -0.7%-5.5% |
| 5 Year | 66.5%55.3% | 136.5%116.9% | 41.4%30.9% |
Price Volatility Vs. Market
How volatile is Apcotex Industries's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 years ago | Simply Wall St
Top Growth Stocks in July2 years ago | Simply Wall St
Can Apcotex Industries Limited's (BOM:523694) ROE Continue To Surpass The Industry Average?2 years ago | Simply Wall St
Oberoi Realty And Other Top Growth StocksValuation
Is Apcotex Industries undervalued compared to its fair value and its price relative to the market?
3.2x
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: 523694 (₹155.1) is trading above our estimate of fair value (₹28.49)
Significantly Below Fair Value: 523694 is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: 523694 is unprofitable, so we can't compare its PE Ratio to the IN Chemicals industry average.
PE vs Market: 523694 is unprofitable, so we can't compare its PE Ratio to the Indian market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate 523694's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: 523694 is overvalued based on its PB Ratio (3.2x) compared to the IN Chemicals industry average (1.2x).
Next Steps
Future Growth
How is Apcotex Industries forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
123.6%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 523694 is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (7.2%).
Earnings vs Market: 523694 is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: 523694's is expected to become profitable in the next 3 years.
Revenue vs Market: 523694's revenue (18.3% per year) is forecast to grow faster than the Indian market (11.5% per year).
High Growth Revenue: 523694's revenue (18.3% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if 523694's Return on Equity is forecast to be high in 3 years time
Next Steps
Past Performance
How has Apcotex Industries performed over the past 5 years?
-0.7%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 523694 is currently unprofitable.
Growing Profit Margin: 523694 is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: 523694 is unprofitable, and losses have increased over the past 5 years at a rate of 0.7% per year.
Accelerating Growth: Unable to compare 523694's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: 523694 is unprofitable, making it difficult to compare its past year earnings growth to the Chemicals industry (-1.4%).
Return on Equity
High ROE: 523694 has a negative Return on Equity (-0.56%), as it is currently unprofitable.
Next Steps
Financial Health
How is Apcotex Industries's financial position?
Financial Position Analysis
Short Term Liabilities: 523694's short term assets (₹2.1B) exceed its short term liabilities (₹1.1B).
Long Term Liabilities: 523694's short term assets (₹2.1B) exceed its long term liabilities (₹349.4M).
Debt to Equity History and Analysis
Debt Level: 523694's debt to equity ratio (19.5%) is considered satisfactory.
Reducing Debt: 523694's debt to equity ratio has reduced from 30.9% to 19.5% over the past 5 years.
Debt Coverage: 523694's debt is well covered by operating cash flow (74.1%).
Interest Coverage: Insufficient data to determine if 523694's interest payments on its debt are well covered by EBIT.
Balance Sheet
Next Steps
Dividend
What is Apcotex Industries's current dividend yield, its reliability and sustainability?
1.93%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 523694's dividend (1.93%) is higher than the bottom 25% of dividend payers in the Indian market (0.56%).
High Dividend: 523694's dividend (1.93%) is low compared to the top 25% of dividend payers in the Indian market (2.28%).
Stability and Growth of Payments
Stable Dividend: 523694's dividends per share have been stable in the past 10 years.
Growing Dividend: 523694's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: 523694 is paying a dividend but the company is unprofitable.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
1.5yrs
Average management tenure
CEO
Abhiraj Choksey (43 yo)
10.42yrs
Tenure
₹12,448,000
Compensation
Mr. Abhiraj Atul Choksey has been the Managing Director of Apcotex Industries Ltd., since May 1, 2010 and serves as its Executive Director. Mr. Choksey serves as a Director of Titan Trading & Agencies Limi ...
CEO Compensation Analysis
Compensation vs Market: Abhiraj's total compensation ($USD168.98K) is above average for companies of similar size in the Indian market ($USD55.78K).
Compensation vs Earnings: Abhiraj's compensation has increased whilst the company is unprofitable.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| MD & Executive Director | 10.42yrs | ₹12.45m | 13.3% ₹ 1.0b | |
| Chief Financial Officer | 1.5yrs | ₹2.16m | no data | |
| Compliance Officer & Company Secretary | no data | ₹3.00m | no data | |
| COO & Executive Director | 0.42yr | no data | no data |
1.5yrs
Average Tenure
Experienced Management: 523694's management team is not considered experienced ( 1.5 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| MD & Executive Director | 10.42yrs | ₹12.45m | 13.3% ₹ 1.0b | |
| COO & Executive Director | 0.42yr | no data | no data | |
| Non-Executive Chairman | no data | ₹3.62m | 15.26% ₹ 1.1b | |
| Independent Non-Executive Director | 7.75yrs | ₹500.00k | no data | |
| Independent Non-Executive Director | 8.75yrs | ₹400.00k | no data | |
| Non-Executive Director | 22.08yrs | ₹45.00k | 0.53% ₹ 40.0m | |
| Independent Non-Executive Director | 24.08yrs | ₹450.00k | no data | |
| Independent Non Executive Director | 6yrs | ₹525.00k | 0.048% ₹ 3.6m | |
| Additional Independent Director | 2.25yrs | ₹500.00k | no data |
7.8yrs
Average Tenure
60yo
Average Age
Experienced Board: 523694's board of directors are considered experienced (7.8 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Apcotex Industries Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Apcotex Industries Limited
- Ticker: 523694
- Exchange: BSE
- Founded: 1980
- Industry: Commodity Chemicals
- Sector: Materials
- Market Cap: ₹7.533b
- Shares outstanding: 51.84m
- Website: https://www.apcotex.com
Number of Employees
Location
- Apcotex Industries Limited
- N. K. Mehta International House
- 178, Backbay Reclamation
- Mumbai
- Maharashtra
- 400020
- India
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| 523694 | BSE (Mumbai Stock Exchange) | Yes | Equity Shares | IN | INR | Dec 2001 |
| APCOTEXIND | NSEI (National Stock Exchange of India) | Yes | Equity Shares | IN | INR | Dec 2001 |
Biography
Apcotex Industries Limited manufactures and markets synthetic emulsion polymers in India and internationally. The company offers synthetic latexes, such as vinyl pyridine latex, carboxylated styrene butadi ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/10/23 12:45 |
| End of Day Share Price | 2020/10/23 00:00 |
| Earnings | 2020/06/30 |
| Annual Earnings | 2020/03/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.