NSEI:APCOTEXIND

Stock Analysis Report

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Executive Summary

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


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: APCOTEXIND's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

0.8%

APCOTEXIND

0.1%

IN Chemicals

-0.5%

IN Market


1 Year Return

-22.8%

APCOTEXIND

17.2%

IN Chemicals

2.0%

IN Market

Return vs Industry: APCOTEXIND underperformed the Indian Chemicals industry which returned 17.2% over the past year.

Return vs Market: APCOTEXIND underperformed the Indian Market which returned 2% over the past year.


Shareholder returns

APCOTEXINDIndustryMarket
7 Day0.8%0.1%-0.5%
30 Day-5.1%-2.1%0.3%
90 Day9.5%13.0%7.1%
1 Year-21.2%-22.8%19.9%17.2%3.7%2.0%
3 Year-21.4%-25.0%34.8%26.7%2.0%-3.0%
5 Year44.6%34.9%133.0%113.3%40.9%30.4%

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?

2.85x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: APCOTEXIND (₹138.2) is trading above our estimate of fair value (₹28.54)

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


Price To Earnings Ratio

PE vs Industry: APCOTEXIND is unprofitable, so we can't compare its PE Ratio to the IN Chemicals industry average.

PE vs Market: APCOTEXIND 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 APCOTEXIND's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: APCOTEXIND is overvalued based on its PB Ratio (2.8x) 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: APCOTEXIND is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (7.2%).

Earnings vs Market: APCOTEXIND is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: APCOTEXIND's is expected to become profitable in the next 3 years.

Revenue vs Market: APCOTEXIND's revenue (18.3% per year) is forecast to grow faster than the Indian market (11.5% per year).

High Growth Revenue: APCOTEXIND'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 APCOTEXIND's Return on Equity is forecast to be high in 3 years time


Next Steps

  • Explore growth companies in the Materials industry.

Past Performance

How has Apcotex Industries performed over the past 5 years?

-0.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: APCOTEXIND is currently unprofitable.

Growing Profit Margin: APCOTEXIND is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: APCOTEXIND is unprofitable, and losses have increased over the past 5 years at a rate of 0.7% per year.

Accelerating Growth: Unable to compare APCOTEXIND's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: APCOTEXIND is unprofitable, making it difficult to compare its past year earnings growth to the Chemicals industry (-1.4%).


Return on Equity

High ROE: APCOTEXIND 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: APCOTEXIND's short term assets (₹2.1B) exceed its short term liabilities (₹1.1B).

Long Term Liabilities: APCOTEXIND's short term assets (₹2.1B) exceed its long term liabilities (₹349.4M).


Debt to Equity History and Analysis

Debt Level: APCOTEXIND's debt to equity ratio (19.5%) is considered satisfactory.

Reducing Debt: APCOTEXIND's debt to equity ratio has reduced from 30.9% to 19.5% over the past 5 years.

Debt Coverage: APCOTEXIND's debt is well covered by operating cash flow (74.1%).

Interest Coverage: Insufficient data to determine if APCOTEXIND'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?

2.18%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: APCOTEXIND's dividend (2.18%) is higher than the bottom 25% of dividend payers in the Indian market (0.57%).

High Dividend: APCOTEXIND's dividend (2.18%) is low compared to the top 25% of dividend payers in the Indian market (2.28%).


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: APCOTEXIND 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 ($USD169.39K) is above average for companies of similar size in the Indian market ($USD55.25K).

Compensation vs Earnings: Abhiraj's compensation has increased whilst the company is unprofitable.


Leadership Team

NamePositionTenureCompensationOwnership
Abhiraj Choksey
MD & Executive Director10.42yrs₹12.45m13.3%
₹ 951.1m
Suraj Badale
Chief Financial Officer1.5yrs₹2.16mno data
Anand Kumashi
Compliance Officer & Company Secretaryno data₹3.00mno data
Ravishankar Sharma
COO & Executive Director0.42yrno datano data

1.5yrs

Average Tenure

Experienced Management: APCOTEXIND's management team is not considered experienced ( 1.5 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Abhiraj Choksey
MD & Executive Director10.42yrs₹12.45m13.3%
₹ 951.1m
Ravishankar Sharma
COO & Executive Director0.42yrno datano data
Atul Choksey
Non-Executive Chairmanno data₹3.62m15.26%
₹ 1.1b
Kamlesh Vikamsey
Independent Non-Executive Director7.75yrs₹500.00kno data
Shailesh Vaidya
Independent Non-Executive Director8.75yrs₹400.00kno data
Amit Choksey
Non-Executive Director22.08yrs₹45.00k0.53%
₹ 37.9m
Swaminathan Sivaram
Independent Non-Executive Director24.08yrs₹450.00kno data
Priyamvada Bhumkar
Independent Non Executive Director6yrs₹525.00k0.048%
₹ 3.4m
Udayan Choksi
Additional Independent Director2.25yrs₹500.00kno data

7.8yrs

Average Tenure

60yo

Average Age

Experienced Board: APCOTEXIND'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: APCOTEXIND
  • Exchange: NSEI
  • Founded: 1980
  • Industry: Commodity Chemicals
  • Sector: Materials
  • Market Cap: ₹7.149b
  • 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 Analysis2020/10/21 12:34
End of Day Share Price2020/10/20 00:00
Earnings2020/06/30
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.