Apcotex Industries Ltd. News and Updates

Name: Latest research reports of Apcotex Industries Ltd. authored by Axis Direct and published by - Trendlyne research reports.
Item: Apcotex Industries Ltd.
Rating: 5
Author: Axis Direct

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Apcotex Industries Ltd.

26 May 2020

318.45

-0.90%

Result Update:Apcotex Industri

Buy: Apcotex Industries Ltd.

Recommendation Target

Axis Direct

For Q4FY20, Apcotex Industries delivered an in-line performance versus our estimates on Revenues/PAT front. Revenues reported a 25% de-growth impacted by 2 week lockdown that affected performance of its Latex and NBR products.

Apcotex Industries Ltd. has lost -27.35% in the last 6 Months

Apcotex Industries Ltd.

26 May 2020

318.45

-0.90%

Apcotex Industries

Sell: Apcotex Industries Ltd.

Target

ICICI Securities Limited

Apcotex registered a revenue decline of 24% YoY to | 116 crore, largely impacted by sluggish growth from NBR segment due to slowdown in the auto sector along with a fall in realisation due to passing on of benefit of lower RMAT prices. Further, fall in tyre latex along with carpet latex revenue also weighed on the overall performance. The company was struggling to maintain its historic gross margins of 30-32% in the last few quarters due to increase in NBR imports from Europe at lower prices leading the company to sell NBR at losses or breakeven level in the last few quarters. This was...

Apcotex Industries Ltd. has lost -27.35% in the last 6 Months

Apcotex Industries Ltd.

18 Mar 2020

318.45

-0.90%

Apcotex Industries

Sell: Apcotex Industries Ltd.

Recommendation Target

ICICI Securities Limited

In our midcap universe of 11 companies, we expect Tata Chemical, VA Tech Wabag, Emmbi Industries and Kanpur Plastipack to be the most impacted stocks given that all these have revenue contribution in excess of 30-35% from the said geographies. We have envisaged the impact of Coronavirus (Covid-19) on our midcap coverage universe based on the revenue contribution from both the US as...

Apcotex Industries Ltd. has lost -27.35% in the last 6 Months

Apcotex Industries Ltd.

01 Jan 2020

318.45

-0.90%

Apcotex Industries: Hit by auto slowdown, capex execution remains key

Moneycontrol

NULL

Apcotex Industries L.. has an average target of 380.00 from 1 broker.

Apcotex Industries Ltd.

16 Dec 2019

318.45

-0.90%

39 stocks hit 52-week lows on NSE

Economic Times

Among the stocks that touched their 52-week lows were Reliance Home Finance and Apcotex.

Apcotex Industries Ltd. is trading below all available SMAs

Apcotex Industries Ltd.

22 Nov 2019, 12:00AM

318.45

-0.90%

Result Update:Apcotex Industri

Hold: Apcotex Industries Ltd.

Recommendation Target

Axis Direct

Apcotex for Q2FY20 posted revenues of Rs. 124Cr (24% vs our estimate, 23% YoY). Despite reporting high single digit volume growth in Q2, topline was impacted owing to lower realization (sharp fall in petrochemical prices) and slow down in Automobile industry.

Apcotex Industries L.. has an average target of 380.00 from 1 broker.

Apcotex Industries Ltd.

02 Aug 2019

318.45

-0.90%

Result Update:Apcotex Industri

Buy: Apcotex Industries Ltd.

Axis Direct

Acpotex for Q1FY20 posted revenues of Rs. 146Cr The dip in topline is despite good volume growth across board. Lower realization and slow down in domestic Auto & Construction industries also impacted revenue growth.

Apcotex Industries L.. has an average target of 380.00 from 1 broker.

Apcotex Industries Ltd.

30 Jul 2019

318.45

-0.90%

Apcotex Industries

Hold: Apcotex Industries Ltd.

ICICI Securities Limited

New capex to provide long term visibility The management has already approved capex of around | 60 crore for nitrile latex while it has been de-bottlenecking NBR capacity by 5000-6000 MT. We expect NBR's incremental capacity to drive revenues in FY21. Nitrile latex capacity is expected to come on board within 18-24 months post environmental approval. Hence, this bodes well for growth visibility over FY23-24. We expect NBR volumes from auto to remain sluggish at least in the near term. However, the volume loss in auto segment can be recouped...

Apcotex Industries Ltd. has lost -27.35% in the last 6 Months

Apcotex Industries Ltd.

02 May 2019

318.45

-0.90%

Apcotex Industries

Hold: Apcotex Industries Ltd.

ICICI Securities Limited

The company has been debottlenecking its Valia plant, which will expand NBR capacity to 22000 MTPA from 16000 MTPA. Given the realisation of NBR remains at | 150-180/kg, expansion in capacity may improve topline by | 100 crore at optimum utilisation. However, NBR is largely used in the automotive industry. The present slowdown in the auto sector can curtail the growth outlook, to some extent, in the short-term. Apart from this, the company entered manufacture of nitrile latex, which has a large market globally. Since Apcotex is the sole manufacturer in the domestic market,...

Apcotex Industries Ltd. is trading below all available SMAs

Apcotex Industries Ltd.

31 Jan 2019

318.45

-0.90%

Apcotex Industries

Buy: Apcotex Industries Ltd.

ICICI Securities Limited

AIL's raw materials are crude linked derivates that have significantly spiked over the last three to six months. This, coupled with a slowdown in rubber and automotive segment led to a weak operating performance for the quarter. AIL also continued to witness a demand revival across all industries in the domestic market (except auto/rubber) like paper/paper board, construction, speciality, footwear, rice rolls, etc. Continued efforts to address quality related issues have helped maintain margins. For Q3FY19, AIL witnessed a continued uptick in exports. For full year FY19E,...

Apcotex Industries L.. has an average target of 380.00 from 1 broker.

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Is Apcotex Industries Ltd. worth buying?

97 Votes:

Buy 61.86%

Sell 21.65%

Hold 16.49%

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