Penalty/Adjudication Order
Apcotex Industries Receives GST Penalty Order
Apcotex Industries received a GST penalty order of Rs. 16.37 lakh for alleged ineligible or excess ITC claims and incorrect ITC distribution during April 2020 to March 2024.
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Apcotex Industries Ltd (APCOTEXIND) is currently trading at 496.70 per share. Stock prices fluctuate during market hours on NSE and BSE based on demand, company updates, and overall market conditions. Refer to the live price chart above for the most recent price movement.
Apcotex Industries Limited manufactures and markets emulsion polymers, synthetic latexes, synthetic butadiene rubber and nitrile butadiene rubber for footwear, automotive, tyres, belts, hoses, construction, paper and textile applications. Its polymer-chemistry capabilities support both standard materials and specialized grades, with manufacturing operations centered at Taloja, Maharashtra, and Valia, Gujarat. The company delivered its strongest-ever first-half performance, with operating revenue rising 44% year-on-year to Rs. 1,025 crore, EBITDA increasing 121% to Rs. 175 crore, and PAT growing 156% to Rs. 114 crore. Margin expansion was substantial despite volatile raw-material prices, geopolitical disruptions and elevated working capital requirements. Quarter-two profitability moderated because falling raw-material prices created approximately 1.5% inventory losses, while management pursued volume protection through aggressive pricing. Nevertheless, EBITDA per tonne and return on capital employed remained healthy, reflecting management’s preference for competitive volumes and capital efficiency rather than percentage margins alone. Apcotex Industries Limited is expanding solid NBR capacity for an April 2027 commissioning, with utilization expected to ramp over two to three years. NBR is already running at full capacity, and the company believes India’s automotive, industrial, LPG-hose and rubber-product markets offer a favorable multi-year demand opportunity. Synthetic latex demand is mixed across applications: construction and paper are performing strongly, textiles and tyres remain decent, while carpets are constrained by Middle East and North Africa weakness, wars, tariffs and freight disruption. Management still expects normalized overall volume growth of approximately 10% annually over the next three to five years.
Over the past 52 weeks, Apcotex Industries Ltd has traded between a low of ₹310.15 and a high of ₹712.45. The 52-week high and low indicate the stock’s price range over the last year and help investors understand its volatility and recent trading levels.
Apcotex Industries Ltd has a market capitalization of approximately 2,573.07. Market capitalization represents the total value of a company’s outstanding shares and helps investors understand its size, stability, and relative risk compared to other listed companies.
Apcotex Industries Ltd’s investment profile depends on its business fundamentals, valuation, and long-term outlook. The stock currently trades at a PE ratio of 68.60 and operates in the its sector sector. Investors typically assess financial performance, growth prospects, and individual risk tolerance before making investment decisions.
Based on its market capitalization of 2,573.07 Cr, Apcotex Industries Ltd is classified as a Small Cap stock. Large-cap stocks are generally more stable, while mid-cap and small-cap stocks tend to offer higher growth potential along with higher price volatility.
Apcotex Industries Ltd operates in the its sector sector. Sector classification matters because companies in the same sector are often affected by similar economic conditions, regulatory changes, and competitive dynamics, which can influence overall stock performance.
The Price-to-Earnings (PE) ratio of Apcotex Industries Ltd is 68.60. The PE ratio compares a company’s share price to its earnings and is commonly used to assess valuation. Comparing the PE ratio with sector peers and historical levels provides better context.
Apcotex expects average annual volume growth of about 10% over the next three to five years. Management also referred to a 10% to 12% range, but identified about 10% as its average expectation across the business.
Apcotex reported a Q2 FY27 EBITDA margin of 11.69%, compared with 12.06% a year earlier. Management cited inventory losses, higher freight costs, elevated raw-material prices and pricing actions, estimating that inventory losses reduced the quarter by about 1.5%.
Apcotex is targeting April 2027 for commissioning of the NBR project at Valia. Management said the project was on track when it held its Q2 FY27 earnings call. The separate SBR latex project may begin in a subsequent quarter.
Apcotex acquired 7,20,000 equity shares of Amplus Ampere, equal to a 1.275% stake. The shares were held by NRB Bearings Limited before the purchase completed on October 31, 2026.
Industrial Products
Rubber
2,575 Cr
Low Risk
68.7
31.7
0.1
3.6
712.45
310.15
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ROCE