APCOTEXINDIndustrials

Apcotex Industries Limited

Rubber · ISIN INE116A01032 · BSE 523694 · NSE EQ · FV ₹2
Last price
₹599
+3.15%today
What this company does

Apcotex Industries Limited operates in Rubber, part of the Industrials sector. It booked ₹526 cr of revenue in its latest quarter (Q1 FY27) and kept 15.0% of sales as profit. It is the largest of 7 Rubber companies we track, by market value.

In the report:
77out of 100
Equitytale Health Score
Solid

Healthier than 77% of companies in Industrials, on all six measures of filed financials. Each measure is ranked against the 129–290 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
48

At close. Not part of the score.

Profitability & returns95

How much profit it earns on the money it employs

Balance sheet73

How much it owes, and whether earnings cover the interest

Cash quality72

Whether reported profit actually arrives as cash

Growth & consistency60

Whether sales and profit have grown, and how steadily

Valuation61

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Is this company doing well?
not investment advice
Strengths
Makes a profit
Strong 15% net margin
Sales up 40% vs last year
Profit up 312% vs last year
Promoters hold 58%
No promoter shares pledged
Strong 51% return on equity
Turns profit into real cash
Watch-outs
None flagged from our data

What if I invest in APCOTEXIND?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 15% a year, it would become
₹26.30 lakh

The slider starts at 15%, taken from this company's own free-cash-flow trend. That is history, not a forecast — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹599 +3.15%
latest close · 2026-09-17
1-year return
+94.7%
52-wk low ₹30752-wk high ₹712
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio9.8Low
LowAverageHigh
P/B ratio5.00High
Below bookModerateHigh
EV / EBITDA6.6Low
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity50.8%Strong
WeakFairStrong ▸15%
Return on capital62.1%Strong
WeakFairStrong
Net margin15.0%Strong
ThinDecentStrong
EBITDA margin22.8%Healthy
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.15Comfortable
LowModerateHigh ▸1
Interest cover49.7×Strong
RiskyOkayStrong ▸5×
Current ratio1.66Healthy
Tight ◂1HealthyAmple
More figures
Market cap
₹3,108 cr
Book value
₹120
EPS
₹15.23
latest quarter
Net debt
₹61 cr
owes more than its cash
Enterprise value
₹3,169 cr
EBITDA
₹480 cr
annualised
EBIT
₹427 cr
annualised
Operating margin
20.3%
Return on assets
32.0%
Earnings yield
10.16%
P/S
1.48
Sales / share
₹405.5
Tax rate
24.6%
Face value
₹2
Shares
5.2 cr
Working capital
₹196 cr
Current assets
₹494 cr
Current liabilities
₹298 cr
Delivery %
51.7%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2026 report & filings
not investment advice
Hard to value confidentlyLow confidence
The models disagree too widely to call this cheap or dear — likely a hard-to-compare or transitioning business.
Models span ₹98₹316, midpoint ₹190

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹526 cr
Other Income₹3 cr
Total Income₹528 cr
Cost of Materials₹377 cr
Purchases of Stock-in-Trade₹0 cr
Inventory Change (±)₹-37 cr
Employee Benefit Expense₹24 cr
Finance Costs₹2 cr
Depreciation & Amortisation₹13 cr
Other Expenses₹45 cr
Total Expenses₹424 cr
Profit before Tax₹105 cr
Tax Expense₹26 cr
Net Profit₹79 cr
Net margin on total income14.9%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹339 cr64.2%
Employee benefit expense₹24 cr4.5%
Finance costs₹2 cr0.4%
Depreciation & amortisation₹13 cr2.5%
Other expenses₹45 cr8.6%
Tax expense₹26 cr4.9%
Profit for the period₹79 cr14.9%
Total income ₹528 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue331 cr398 cr526 cr
Total income335 cr404 cr528 cr
Expenses302 cr359 cr424 cr
Profit before tax28 cr45 cr105 cr
Tax5 cr10 cr26 cr
Net profit (owners' share)22 cr35 cr79 cr
Net margin (owners' share, on revenue)6.7%8.7%15.0%
EPS (₹)4.286.7015.23
YoY (latest quarter): total income +39.6% · net profit +312.0%
Balance sheet & cash flow · as of Mar 2026
Low debt
Total assets
₹986 cr
Shareholder equity
₹621 cr
parent shareholders
Total debt
₹93 cr
Cash
₹32 cr
Cash flow · H1 FY26
Operating
₹107 cr
Investing
₹-12 cr
Financing
₹-84 cr
Peer comparison
Rubber · by market value
CompanyPriceMarket capP/E
Apcotex Industries Limitedthis company₹599₹3,108 cr9.8
Pix Transmissions Limited₹1,725₹2,350 cr11.1
Tinna Rubber and Infrastructure Limited₹1,001₹1,803 cr21.9
GRP Limited₹1,972₹1,052 cr62.6
Rubfila International Limited₹66₹357 cr15.4
Harrisons Malayalam Limited₹181₹333 cr21.2
Sampann Utpadan India Limited₹24₹118 cr14.4
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
1.33%
trailing 12 months
Dividend / share (TTM)
₹8
Last dividend
₹5.5
ex 12 Jun 2026
ActionDetailEx-date
Dividend₹5.5 / share12 Jun 2026
Dividend₹2.5 / share4 Feb 2026
Dividend₹4.5 / share13 Jun 2025
Dividend₹2 / share3 Feb 2025
Dividend₹3.5 / share19 Jul 2024
Dividend₹2 / share5 Feb 2024
Who owns it · 2026-06-30
No pledge
Promoter
58.2%
FII / Foreign
0.7%
DII / Domestic
1.9%
Retail / others
39.2%
Smart-money activity
Insider trades
BoughtAquamarine Trading and Investments Private Limited · Promoter Group500 · ₹3.0 L12 Aug 26
BoughtAnkur Girish Choksey · Promoter Group500 · ₹3.0 L12 Aug 26
BoughtAquamarine Trading and Investments Private Limited · Promoter Group500 · ₹3.1 L11 Aug 26
Bulk / block deals
SoldN.K.SECURITIES · NSE3.69 L @ ₹169.4120 Aug 20
BoughtN.K.SECURITIES · NSE3.69 L @ ₹169.2720 Aug 20
SoldHEMANG GHANSHYAMBHAI GOL · NSE83,772 @ ₹683.8728 Jul 15
Stake changes
BoughtRita Ashok Parekh · promoter→ 58.23%18 Mar 26
BoughtRita Ashok Parekh · promoter→ 0.61% · 62,28018 Mar 26
BoughtRita Ashok Parekh , Janaki Parekh · promoter→ 58.23%18 Mar 26
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 26 Jun 2025
See the official result
1
To receive, consider and adopt the Financial Statement of the Company for the year ended 31st March 2025 together with the Reports of the Board of Directors and Auditor thereon.
Backed by 100% of shareholders other than promotersneeded 50%
13.46 L votes for, 296 against · 0% of mutual funds and other big investors said no
2
To declare a final dividend on equity shares for the financial year ended 31st March 2025.
Backed by 100% of shareholders other than promotersneeded 50%
13.46 L votes for, 251 against · 0% of mutual funds and other big investors said no
3
To appoint a Director in place of Mr. Atul Choksey (DIN:00002102) who retires by rotation and being eligible, offers himself for reappointment.
Promoters had a personal stake in this
Backed by 100% of shareholders other than promotersneeded 50%
13.45 L votes for, 496 against · 0% of mutual funds and other big investors said no
4
Appointment of Secretarial Auditor of the Company for a period of Five (5) years, from F.Y. 2025-26 to F.Y. 2029-30.
Backed by 100% of shareholders other than promotersneeded 50%
13.46 L votes for, 296 against · 0% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 36 named members
owning 58.2% between them · as of 2026-06-30
Parul Atul Choksey14.27%
Atul Choksey13.27%
Abhiraj Choksey13.21%
Devanshi Anant Veer Jalan11.51%
Biyash A Choksey0.67%
Rita Ashok Parekh0.61%
Abhiraj Trading And Investments Pvt Ltd0.56%
Alekha Abhiraj Choksey0.50%

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.