Apcotex Industries Ltd.    
26 May 2020, 12:00AM
165.15
10.95%
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...
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Apcotex Industries Ltd. has gained 21.88% in the last 1 Week
Apcotex Industries Ltd.    
26 May 2020, 12:00AM
165.15
10.95%
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 gained 21.88% in the last 1 Week
Apcotex Industries Ltd.    
18 Mar 2020
165.15
10.95%
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 gained 46.41% in the last 6 Months
Apcotex Industries Ltd.    
22 Nov 2019
165.15
10.95%
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 Ltd. has gained 18.05% in the last 1 Month
Apcotex Industries Ltd.    
02 Aug 2019
165.15
10.95%
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 Ltd.'s price crossed below SMA50 today
Apcotex Industries Ltd.    
30 Jul 2019
165.15
10.95%
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.'s price crossed below SMA50 today
Apcotex Industries Ltd.    
02 May 2019
165.15
10.95%
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. has gained 36.09% in the last 3 Months
Apcotex Industries Ltd.    
31 Jan 2019
165.15
10.95%
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 97.00 from 2 brokers.
Apcotex Industries Ltd.    
21 Dec 2018
165.15
10.95%
Axis Direct
Leading player in Emulsion Polymer segment a niche product segment; NBR Market a huge opportunity, High Entry Barriers, New Product Foray (X-NBR) prime growth driver; We value Apcotex Industries at 22.5x FY20E EPS given the sustainable revenue and profit growth and arrive at target price of Rs. 664
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Apcotex Industries Ltd. has gained 36.09% in the last 3 Months
Apcotex Industries Ltd.    
05 Nov 2018
165.15
10.95%
ICICI Securities Limited
Apcotex Industries (AIL) reported strong Q2FY19 results but witnessed deterioration on the balance sheet front Revenues came in at | 160.1 crore, up 24.1% YoY. Gross margins declined 140 bps YoY. However, employee expenses remained flat during the quarter. Accordingly, EBITDA margins came in at 12.3% vs. 11.7% YoY. Absolute EBITDA came at | 19.6 crore, up 29.9% YoY AIL reported other expenses of | 0.37 crore during the quarter. Thus, PAT grew 19.1% YoY to | 10.1 crore...
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Apcotex Industries Ltd.'s price crossed below SMA50 today