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Apcotex Industries Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹330.89Overvalued by 46.54%vs CMP ₹619.00

P/E (19.9) × ROE (17.1%) × BV (₹120.00) × DY (1.29%)

₹228.35Overvalued by 63.11%vs CMP ₹619.00
MoS: -171.1% (Negative)Confidence: 68/100 (Moderate)Models: All 9: Overvalued
ModelCategoryValueWeightSignal
PE-ROEEarnings₹319.9122%Over (-48.3%)
Graham NumberEarnings₹208.4916%Over (-66.3%)
Earnings PowerEarnings₹82.7811%Over (-86.6%)
DCFCash Flow₹145.2613%Over (-76.5%)
Net Asset ValueAssets₹119.837%Over (-80.6%)
EV/EBITDAEnterprise₹303.719%Over (-50.9%)
Earnings YieldEarnings₹161.007%Over (-74%)
ROCE CapitalReturns₹375.739%Over (-39.3%)
Revenue MultipleRevenue₹268.595%Over (-56.6%)
Consensus (9 models)₹228.35100%Overvalued
Key Drivers: Wide model spread (₹83–₹376) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: -3.3%

*Investments are subject to market risks

Analyst Summary

Apcotex Industries Ltd operates in the Rubber Processing/Rubber Products segment, NSE: APCOTEXIND | BSE: 523694, current market price is ₹619.00, market cap is 3,208 Cr.. At a glance, stock P/E is 19.9, ROE is 17.1 %, ROCE is 19.8 %, book value is 120, dividend yield is 1.29 %. The latest intrinsic value estimate is ₹228.35, around 63.1% below the current price, so expectations may already be running ahead of this modelled fair value. On operating trend, latest reported sales are about ₹1,392 Cr versus the prior period change of 23.7%, while latest net profit is about ₹54 Cr with a prior-period change of 0.0%. The 52-week range shown on this page is 712/310, which helps frame where the current quote sits within its recent trading band. Business context: About the Company - Qualitative AnalysisApcotex 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) i…

This summary is generated from the stock page data available for Apcotex Industries Ltd: Intrinsic Value & Share Price Analysis and is refreshed automatically when the underlying metrics change.

Investment Snapshot

66
Apcotex Industries Ltd scores 66/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health77/100 · Strong
ROCE 19.8% GoodROE 17.1% GoodD/E 0.22 Low debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money60/100 · Moderate
FII holding up 0.10% (6mo) Slight increasePromoter holding at 58.2% Stable
Earnings Quality50/100 · Moderate
OPM contracting (15% → 10%) DecliningWorking capital: 25 days (improving) Efficient
Quarterly Momentum80/100 · Strong
Revenue (4Q): 3% YoY FlatProfit (4Q): +57% YoY StrongOPM: 13.0% (up 5.0% YoY) Margin expansion
Industry Rank55/100 · Moderate
P/E 19.9 vs industry 4.0 Premium to peersROCE 19.8% vs industry 8.7% Above peers3Y sales CAGR: 13% Moderate

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily.

Share Price and Basic Stock Data

Last Updated: August 25, 2026, 5:07 am

Market Cap 3,208 Cr.
Current Price 619
Intrinsic Value₹228.35
High / Low 712/310
Stock P/E19.9
Book Value 120
Dividend Yield1.29 %
ROCE19.8 %
ROE17.1 %
Face Value 2.00
PEG Ratio-6.00

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

View Share Price Target for Apcotex Industries Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Apcotex Industries Ltd 3,208 Cr. 619 712/31019.9 1201.29 %19.8 %17.1 % 2.00
GRP Ltd 1,058 Cr. 1,983 2,363/1,500154 3340.18 %6.94 %2.48 % 10.0
Harrisons Malayalam Ltd 370 Cr. 201 238/15413.7 96.60.00 %15.3 %17.5 % 10.0
Modi Rubber Ltd 324 Cr. 129 168/98.432,394 2700.00 %0.63 %0.09 % 10.0
Indag Rubber Ltd 318 Cr. 121 143/77.423.1 88.01.98 %5.07 %4.44 % 2.00
Industry Average740.88 Cr367.724,867.61109.870.38%8.65%15.36%6.22

All Competitor Stocks of Apcotex Industries Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 234256278279257311337351355349376337331
Expenses 203222252248232279305324328311337296288
Operating Profit 31342632253132272738394144
OPM % 13%13%9%11%10%10%9%8%8%11%10%12%13%
Other Income 2122222351310-2
Interest 1144444454432
Depreciation 44788810111111111212
Profit before tax 28311621152120151624263628
Tax % 26%24%26%28%28%28%26%28%30%32%27%30%19%
Net Profit 20231215111515111217192522
EPS in Rs 3.934.482.342.952.152.952.852.112.233.233.704.884.29

Last Updated: February 6, 2026, 5:47 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 18, 2026, 7:46 pm

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 2933522653885266264965419571,0801,1251,3921,393
Expenses 2673092273584615564614718179211,0111,2681,232
Operating Profit 2642383066693470140159114125161
OPM % 9%12%14%8%12%11%7%13%15%15%10%9%12%
Other Income 2672958658781012
Interest 5434342435161713
Depreciation 79912121213151415324246
Profit before tax 17353343566225571301467576114
Tax % 21%29%26%19%31%24%32%22%24%26%28%29%
Net Profit 132525353947174499108545483
EPS in Rs 2.544.764.766.757.469.003.218.5219.0620.8210.3910.4316.10
Dividend Payout % 40%30%38%27%32%33%94%41%26%26%53%62%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)92.31%0.00%40.00%11.43%20.51%-63.83%158.82%125.00%9.09%-50.00%0.00%
Change in YoY Net Profit Growth (%)0.00%-92.31%40.00%-28.57%9.08%-84.34%222.65%-33.82%-115.91%-59.09%50.00%

Apcotex Industries Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:15%
5 Years:23%
3 Years:13%
TTM:21%
Compounded Profit Growth
10 Years:10%
5 Years:27%
3 Years:-18%
TTM:3%
Stock Price CAGR
10 Years:15%
5 Years:22%
3 Years:-12%
1 Year:-8%
Return on Equity
10 Years:16%
5 Years:17%
3 Years:15%
Last Year:10%

Last Updated: September 4, 2025, 11:20 pm

Balance Sheet

Last Updated: June 17, 2026, 1:30 am

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital 51010101010101010101010
Reserves 95177213236267241295386466511543611
Borrowings 31252217449155015218818996
Other Liabilities 507552809597132158176212256269
Total Liabilities 181288297344377397452605803922999986
Fixed Assets 6390887976125145157385386386364
CWIP 2569211912391281211
Investments 311840756954829888111106117
Other Assets 85176163181210198213312318417495494
Total Assets 181288297344377397452605803922999986

Reserves and Borrowings Chart

Cash Flow

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity + 32-642253393675481214085203
Cash from Investing Activity + -886-8-10-8-42-37-67-179-20-29-57
Cash from Financing Activity + -26-17-17-18-307-461271-13-44-141
Net Cash Flow -25-32511-8-8138115
Free Cash Flow 24-71224617-1352-20-661243165
CFO/OP 99%-151%97%102%74%121%124%56%99%50%83%134%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow26.0011.0013.008.0049.0065.00-15.0055.0090.007.00-74.00-64.00

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 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 6451115736865667162466667
Inventory Days 282390635241656353566150
Days Payable 403171315045509161556668
Cash Conversion Cycle 52431351056961814354486148
Working Capital Days 51063624751424244363525
ROCE %16%26%18%10%24%24%9%19%35%28%13%13%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters 58.23%58.23%58.23%58.23%58.23%58.23%58.23%58.23%58.23%58.23%58.23%58.23%
FIIs 0.51%0.51%0.48%0.49%0.48%0.47%0.52%0.50%0.59%0.62%0.64%0.69%
DIIs 0.19%0.44%0.56%0.63%0.59%0.68%0.69%1.00%2.19%2.23%2.23%1.91%
Public 41.06%40.82%40.71%40.64%40.69%40.63%40.57%40.29%39.00%38.92%38.93%39.18%
No. of Shareholders 37,02335,64435,22534,47933,88234,19933,58332,69231,47130,69330,39130,918

Shareholding Pattern Chart

No. of Shareholders

Apcotex Industries Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
ICICI Prudential Smallcap Fund 558,866 0.26 20.8N/AN/AN/A
ICICI Prudential Childrens Fund 265,249 0.72 9.87N/AN/AN/A

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 16Mar 15
FaceValue 5.005.00
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
EarningsYield 0.080.04

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

[display_about_company_data title=”About the Company – Qualitative Analysis”]

FAQ

What is the intrinsic value of Apcotex Industries Ltd and is it undervalued?

As of 12 September 2026, Apcotex Industries Ltd's intrinsic value is ₹228.35, which is 63.11% lower than the current market price of ₹619.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (17.1 %), book value (₹120), dividend yield (1.29 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Apcotex Industries Ltd?

Apcotex Industries Ltd is trading at ₹619.00 as of 12 September 2026, with a FY2026-2027 high of ₹712 and low of ₹310. The stock is currently near its 52-week high. Market cap stands at ₹3,208 Cr..

How does Apcotex Industries Ltd's P/E ratio compare to its industry?

Apcotex Industries Ltd has a P/E ratio of 19.9, which is above the industry average of 4.00. This significantly elevated P/E suggests the market expects strong future growth, or the stock may be overpriced relative to current earnings.

Is Apcotex Industries Ltd financially healthy?

Key indicators for Apcotex Industries Ltd: ROCE of 19.8 % indicates efficient capital utilization; ROE of 17.1 % shows strong shareholder returns. Dividend yield is 1.29 %.

Is Apcotex Industries Ltd profitable and how is the profit trend?

Apcotex Industries Ltd reported a net profit of ₹54 Cr in Mar 2025 on revenue of ₹1,392 Cr. Compared to ₹99 Cr in Mar 2022, the net profit shows a declining trend.

Does Apcotex Industries Ltd pay dividends?

Apcotex Industries Ltd has a dividend yield of 1.29 % at the current price of ₹619.00. The company pays dividends, though the yield is modest.

Last Updated: August 25, 2026, 5:07 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 523694 | NSE: APCOTEXIND
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 Apcotex Industries Ltd. 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
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