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Last Updated on: 22 December, 2024
Author: Getaka|Social: Getaka Financial Technology X (Earlier Twitter) Profile Getaka Financial Technology LinkedIn Logo
Stock Ticker - BSE: 523694 | NSE: APCOTEXIND

Apcotex Industries Ltd: Fundamental Analysis, Share Price Insights & Intrinsic Value (2024)

Share Price and Basic Stock Data

Last Updated: December 21, 2024, 2:53 am

Market Cap 1,971 Cr.
Current Price 380
High / Low 537/358
Stock P/E37.8
Book Value 105
Dividend Yield1.45 %
ROCE13.5 %
ROE10.8 %
Face Value 2.00
PEG Ratio7.48

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for

Competitors of

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Indag Rubber Ltd 494 Cr. 188 308/13046.6 87.61.60 %%% 2.00
Eastern Treads Ltd 19.1 Cr. 36.4 51.4/31.0 22.80.00 %0.62 %% 10.0
Dolfin Rubbers Ltd 213 Cr. 212 290/12640.2 31.10.00 %19.1 %17.9 % 10.0
Vikas Ecotech Ltd 582 Cr. 3.29 5.65/3.0036.9 3.100.00 %4.53 %2.07 % 1.00
Modi Rubber Ltd 319 Cr. 127 157/79.114.6 2790.00 %3.72 %1.97 % 10.0
Industry Average806.50 Cr507.7460.17106.500.37%8.52%7.06%6.22

All Competitor Stocks of

Quarterly Result

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Sales185243251277306283234256278279257311337
Expenses156212217232258238203222252248232279305
Operating Profit29313445494531342632253132
OPM %16%13%14%16%16%16%13%13%9%11%10%10%9%
Other Income2222222122222
Interest1111121144444
Depreciation34444444788810
Profit before tax28293242454228311621152120
Tax %21%22%25%27%26%26%26%24%26%28%28%28%26%
Net Profit22222431343120231215111515
EPS in Rs4.224.294.595.966.475.943.934.482.342.952.152.952.85

Last Updated: Unknown

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024TTM
Sales2702933522653885266264965419571,0801,1251,183
Expenses2462673092273584615564614718179211,0111,063
Operating Profit242642383066693470140159114120
OPM %9%9%12%14%8%12%11%7%13%15%15%10%10%
Other Income-02672958658788
Interest354343424351616
Depreciation3799121212131514153234
Profit before tax1817353343566225571301467578
Tax %29%21%29%26%19%31%24%32%22%24%26%28%
Net Profit131325253539471744991085457
EPS in Rs2.462.544.764.766.757.469.003.218.5219.0620.8210.3910.90
Dividend Payout %37%40%30%38%27%32%33%94%41%26%26%53%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-2024
YoY Net Profit Growth (%)0.00%92.31%0.00%40.00%11.43%20.51%-63.83%158.82%125.00%9.09%-50.00%
Change in YoY Net Profit Growth (%)0.00%92.31%-92.31%40.00%-28.57%9.08%-84.34%222.65%-33.82%-115.91%-59.09%

has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2013-2014 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:14%
5 Years:12%
3 Years:28%
TTM:20%
Compounded Profit Growth
10 Years:16%
5 Years:3%
3 Years:7%
TTM:-27%
Stock Price CAGR
10 Years:15%
5 Years:20%
3 Years:3%
1 Year:-24%
Return on Equity
10 Years:17%
5 Years:18%
3 Years:20%
Last Year:11%

Last Updated: Unknown

Balance Sheet

Last Updated: November 15, 2024, 1:42 am

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Sep 2024
Equity Capital55510101010101010101010
Reserves738095177213236267241295386466511533
Borrowings4848312522174491550152188214
Other Liabilities4650507552809597132158176212224
Total Liabilities172183181288297344377397452605803922982
Fixed Assets65686390887976125145157385386371
CWIP1125692119123912812
Investments2324311840756954829888111118
Other Assets839085176163181210198213312318417481
Total Assets172183181288297344377397452605803922982

Reserves and Borrowings Chart

Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity +281032-6422533936754812140
Cash from Investing Activity +-28-6-886-8-10-8-42-37-67-179-20
Cash from Financing Activity +-19-14-26-17-17-18-307-461271-13
Net Cash Flow-19-9-25-32511-8-8138

Free Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Free Cash Flow-24.00-22.0011.0013.008.0049.0065.00-15.0055.0090.007.00-74.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days6464511157368656671624666
Inventory Days202823906352416563535661
Days Payable354031713150455091615566
Cash Conversion Cycle48524313510569618143544861
Working Capital Days253325878259535648534564
ROCE %17%16%26%18%10%24%24%9%19%35%28%13%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthSep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Promoters58.20%58.15%58.15%58.20%58.22%58.23%58.23%58.23%58.23%58.23%58.23%58.23%
FIIs0.40%0.89%0.91%1.00%0.86%0.47%0.48%0.49%0.51%0.51%0.48%0.49%
DIIs0.02%0.02%0.08%0.17%0.17%0.10%0.10%0.05%0.19%0.44%0.56%0.63%
Government0.43%0.43%0.43%0.43%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Public40.95%40.51%40.43%40.20%40.77%41.19%41.18%41.22%41.06%40.82%40.71%40.64%
No. of Shareholders34,48130,70529,67432,13936,84138,60637,88838,68537,02335,64435,22534,479

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Motilal Oswal Nifty Microcap 250 Index Fund17,6450.230.917,6452024-12-170%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 16Mar 15
FaceValue5.005.00
Basic EPS (Rs.)18.5811.90
Diluted EPS (Rs.)18.5811.90
Cash EPS (Rs.)23.0232.22
Book Value[Excl.RevalReserv]/Share (Rs.)89.9495.48
Book Value[Incl.RevalReserv]/Share (Rs.)89.9495.48
Revenue From Operations / Share (Rs.)142.42339.89
PBDIT / Share (Rs.)22.9245.03
PBIT / Share (Rs.)18.4036.44
PBT / Share (Rs.)17.2333.34
Net Profit / Share (Rs.)18.5123.62
NP After MI And SOA / Share (Rs.)18.5123.62
PBDIT Margin (%)16.0913.24
PBIT Margin (%)12.9210.72
PBT Margin (%)12.109.80
Net Profit Margin (%)12.996.95
NP After MI And SOA Margin (%)12.996.95
Return on Networth / Equity (%)20.5824.74
Return on Capital Employeed (%)20.0932.59
Return On Assets (%)13.3713.66
Long Term Debt / Equity (X)0.000.08
Total Debt / Equity (X)0.090.22
Asset Turnover Ratio (%)1.440.00
Current Ratio (X)1.561.22
Quick Ratio (X)1.120.98
Inventory Turnover Ratio (X)10.090.00
Interest Coverage Ratio (X)19.6314.51
Interest Coverage Ratio (Post Tax) (X)16.858.61
Enterprise Value (Cr.)454.99537.55
EV / Net Operating Revenue (X)1.531.51
EV / EBITDA (X)9.5411.43
MarketCap / Net Operating Revenue (X)1.511.46
Price / BV (X)2.395.21
Price / Net Operating Revenue (X)1.511.46
EarningsYield0.080.04

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of as of December 22, 2024 is: 434.87

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of December 22, 2024, is Undervalued by 14.44% compared to the current share price 380.00

Intrinsic Value of as of December 22, 2024 is: 456.83

Calculation basis:

  • Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of December 22, 2024, is Undervalued by 20.22% compared to the current share price 380.00

Last 5 Year EPS CAGR: 5.05%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock has a high average ROCE of 19.92%, which is a positive sign.
  2. The company has higher reserves (274.85 cr) compared to borrowings (66.38 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (362.85 cr) and profit (59.62 cr) over the years.
  1. The stock has a high average Working Capital Days of 52.50, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 66.67, which may not be favorable.
  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in :
    1. Net Profit Margin: 12.99%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 20.09% (Industry Average ROCE: 8.52%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ROE%: 20.58% (Industry Average ROE: 7.06%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): 16.85
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: 1.12
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. Stock P/E: 37.8 (Industry average Stock P/E: 60.17)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. Total Debt / Equity: 0.09
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

About the Company - Qualitative Analysis

Apcotex Industries Ltd. is a Public Limited Listed company incorporated on 12/03/1986 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L99999MH1986PLC039199 and registration number is 039199. Currently Company is involved in the business activities of Manufacture of chemical products or preparations of a kind used in the textiles, paper, leather and like industries. Company’s Total Operating Revenue is Rs. 956.89 Cr. and Equity Capital is Rs. 10.37 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Rubber Processing/Rubber Products49/53 Mahaveer Centre, Plot No. 77, Sector 17, New Mumbai Maharashtra 400703redressal@apcotex.com
http://www.apcotex.com
Management
NamePosition Held
Mr. Atul C ChokseyChairman
Mr. Abhiraj A ChokseyVice Chairman & Mng.Director
Mr. Ravishankar SharmaExecutive Director
Mr. Amit C ChokseyNon Executive Director
Dr. S SivaramIndependent Director
Mr. Shailesh S VaidyaIndependent Director
Mr. Kamlesh VikamseyIndependent Director
Mr. Udayan D ChoksiIndependent Director
Mrs. Priyamvada BhumkarIndependent Director
Dr. Achala DanaitIndependent Director
Ms. Priti SavlaIndependent Director
Mr. Dinanath KholkarAddnl.Independent Director

FAQ

What is the latest intrinsic value of ?

The latest intrinsic value of as on 22 December 2024 is ₹434.87, which is 14.44% higher than the current market price of ₹380.00. The stock has a market capitalization of 1,971 Cr. and recorded a high/low of 537/358 during the current fiscal year 2024-2025. As of Sep 2024, the company has reserves of ₹533 Cr and total liabilities of ₹982 Cr.

What is the Market Cap of ?

The Market Cap of is 1,971 Cr..

What is the current Stock Price of as on 22 December 2024?

The current stock price of as on 22 December 2024 is 380.

What is the High / Low of stocks in FY 2024-2025?

In FY 2024-2025, the High / Low of stocks is 537/358.

What is the Stock P/E of ?

The Stock P/E of is 37.8.

What is the Book Value of ?

The Book Value of is 105.

What is the Dividend Yield of ?

The Dividend Yield of is 1.45 %.

What is the ROCE of ?

The ROCE of is 13.5 %.

What is the ROE of ?

The ROE of is 10.8 %.

What is the Face Value of ?

The Face Value of is 2.00.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in . Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE