NSEI:APCOTEXIND

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Executive Summary

Apcotex Industries Limited manufactures and markets synthetic emulsion polymers in India and internationally. More Details


Snowflake Analysis

Flawless 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: APCOTEXIND is more volatile than 75% of Indian stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: APCOTEXIND's weekly volatility (7%) has been stable over the past year, but is still higher than 75% of Indian stocks.


Market Performance


7 Day Return

-1.3%

APCOTEXIND

1.0%

IN Chemicals

1.2%

IN Market


1 Year Return

4.8%

APCOTEXIND

27.4%

IN Chemicals

10.4%

IN Market

Return vs Industry: APCOTEXIND underperformed the Indian Chemicals industry which returned 27.4% over the past year.

Return vs Market: APCOTEXIND underperformed the Indian Market which returned 10.4% over the past year.


Shareholder returns

APCOTEXINDIndustryMarket
7 Day-1.3%1.0%1.2%
30 Day15.3%6.3%12.1%
90 Day13.5%11.6%12.6%
1 Year7.1%4.8%30.5%27.4%12.4%10.4%
3 Year-8.9%-13.1%46.1%38.9%10.0%4.6%
5 Year104.8%91.1%157.7%139.7%59.8%47.8%

Long-Term 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

Valuation

Is Apcotex Industries undervalued compared to its fair value and its price relative to the market?

134.35x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: APCOTEXIND (₹171.2) is trading above our estimate of fair value (₹29.27)

Significantly Below Fair Value: APCOTEXIND is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: APCOTEXIND is poor value based on its PE Ratio (134.3x) compared to the IN Chemicals industry average (16.5x).

PE vs Market: APCOTEXIND is poor value based on its PE Ratio (134.3x) compared to the Indian market (17.3x).


Price to Earnings Growth Ratio

PEG Ratio: APCOTEXIND is poor value based on its PEG Ratio (2.3x)


Price to Book Ratio

PB vs Industry: APCOTEXIND is overvalued based on its PB Ratio (3.4x) 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?

59.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: APCOTEXIND's forecast earnings growth (59.6% per year) is above the savings rate (7.2%).

Earnings vs Market: APCOTEXIND's earnings (59.6% per year) are forecast to grow faster than the Indian market (24.5% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: APCOTEXIND's revenue (17.3% per year) is forecast to grow faster than the Indian market (11.5% per year).

High Growth Revenue: APCOTEXIND's revenue (17.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: APCOTEXIND's Return on Equity is forecast to be low in 3 years time (16%).


Next Steps

Past Performance

How has Apcotex Industries performed over the past 5 years?

-6.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: APCOTEXIND has high quality earnings.

Growing Profit Margin: APCOTEXIND's current net profit margins (1.6%) are lower than last year (6.8%).


Past Earnings Growth Analysis

Earnings Trend: APCOTEXIND's earnings have declined by 6.3% per year over the past 5 years.

Accelerating Growth: APCOTEXIND's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: APCOTEXIND had negative earnings growth (-83.5%) over the past year, making it difficult to compare to the Chemicals industry average (-1.6%).


Return on Equity

High ROE: APCOTEXIND's Return on Equity (2.5%) is considered low.


Next Steps

Financial Health

How is Apcotex Industries's financial position?


Financial Position Analysis

Short Term Liabilities: APCOTEXIND's short term assets (₹1.8B) exceed its short term liabilities (₹937.9M).

Long Term Liabilities: APCOTEXIND's short term assets (₹1.8B) exceed its long term liabilities (₹367.3M).


Debt to Equity History and Analysis

Debt Level: APCOTEXIND's debt to equity ratio (11.8%) is considered satisfactory.

Reducing Debt: APCOTEXIND's debt to equity ratio has reduced from 20.1% to 11.8% over the past 5 years.

Debt Coverage: APCOTEXIND's debt is well covered by operating cash flow (237.7%).

Interest Coverage: APCOTEXIND's interest payments on its debt are well covered by EBIT (9.4x coverage).


Balance Sheet


Next Steps

Dividend

What is Apcotex Industries's current dividend yield, its reliability and sustainability?

1.75%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: APCOTEXIND's dividend (1.75%) is higher than the bottom 25% of dividend payers in the Indian market (0.52%).

High Dividend: APCOTEXIND's dividend (1.75%) is low compared to the top 25% of dividend payers in the Indian market (2.07%).


Stability and Growth of Payments

Stable Dividend: APCOTEXIND's dividends per share have been stable in the past 10 years.

Growing Dividend: APCOTEXIND's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: Unable to calculate sustainability of dividends as APCOTEXIND has not reported any payouts.


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?

1.7yrs

Average management tenure


CEO

Abhiraj Choksey (43 yo)

10.58yrs

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 ($USD169.32K) is above average for companies of similar size in the Indian market ($USD49.07K).

Compensation vs Earnings: Abhiraj's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Abhiraj Choksey
MD & Executive Director10.58yrs₹12.45m13.31%
₹ 1.2b
Suraj Badale
Chief Financial Officer1.67yrs₹2.16mno data
Anand Kumashi
Compliance Officer & Company Secretaryno data₹3.00mno data
Ravishankar Sharma
COO & Executive Director0.58yrno datano data

1.7yrs

Average Tenure

Experienced Management: APCOTEXIND's management team is not considered experienced ( 1.7 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Abhiraj Choksey
MD & Executive Director10.58yrs₹12.45m13.31%
₹ 1.2b
Ravishankar Sharma
COO & Executive Director0.58yrno datano data
Atul Choksey
Non-Executive Chairmanno data₹3.62m15.27%
₹ 1.4b
Kamlesh Vikamsey
Independent Non-Executive Director7.92yrs₹500.00kno data
Shailesh Vaidya
Independent Non-Executive Director8.92yrs₹400.00kno data
Amit Choksey
Non-Executive Director22.25yrs₹45.00k0.53%
₹ 47.2m
Swaminathan Sivaram
Independent Non-Executive Director24.25yrs₹450.00kno data
Priyamvada Bhumkar
Independent Non Executive Director6.17yrs₹525.00k0.048%
₹ 4.3m
Udayan Choksi
Additional Independent Director2.42yrs₹500.00kno data

7.9yrs

Average Tenure

60yo

Average Age

Experienced Board: APCOTEXIND's board of directors are considered experienced (7.9 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: APCOTEXIND
  • Exchange: NSEI
  • Founded: 1980
  • Industry: Commodity Chemicals
  • Sector: Materials
  • Market Cap: ₹8.889b
  • 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
523694BSE (Mumbai Stock Exchange)YesEquity SharesININRDec 2001
APCOTEXINDNSEI (National Stock Exchange of India)YesEquity SharesININRDec 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/12/02 12:04
End of Day Share Price2020/12/01 00:00
Earnings2020/09/30
Annual Earnings2020/03/31


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.