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APCOTEXIND - Apcotex Industri

📊 NSE: APCOTEXIND 🏢 Miscellaneous 📅 Last Updated: 12/13/2025 18:23

📢 Recent Corporate Announcements

Apcotex Industries Receives ₹1.02 Crore Income Tax Demand for FY 2016-17

🟡 NEUTRAL ⭐ 4/10

REGULATORY 📅 13 Mar 2026, 08:07 PM

Apcotex Industries Limited has received an order from the National Faceless Appeal Centre (NFAC) demanding a payment of ₹1,01,90,510. The demand includes tax, penalties, and interest related to Assessment Year 2017-18. The issue stems from alleged non-reporting of transactions by Apcotex Solutions India Private Limited, a company that has since merged into Apcotex Industries. The company is currently evaluating the order with legal counsel but does not expect a material financial impact.

Total demand of ₹1,01,90,510 covering tax, penalty, and interest.
Order pertains to Financial Year 2016-17 (Assessment Year 2017-18).
Relates to transactions of the erstwhile Apcotex Solutions India Private Limited.
Management states the order is unlikely to have a material financial impact on the company.
Order was passed under Section 250 of the Income Tax Act, 1961.

💡 Investors should view this as a routine tax litigation matter; the amount is not significant enough to impact the company's valuation or fundamentals. No immediate action is required as the company explores legal remedies.

Apcotex Industries to Attend 11th Annual Valorem Conference on March 23, 2026

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 12 Mar 2026, 03:10 PM

Apcotex Industries Limited has announced its participation in the 11th Annual Valorem Conference scheduled for March 23, 2026, in Mumbai. The event, titled 'Resilient Corporates, Relentless India', will involve in-person group meetings with institutional investors, analysts, and investment advisors starting from 09:00 a.m. The company has explicitly stated that no unpublished price sensitive information (UPSI) will be shared during these interactions. This is a routine disclosure under Regulation 30 of SEBI (LODR) Regulations, 2015.

In-person group meeting scheduled for March 23, 2026, in Mumbai.
Participation in the 11th Annual Valorem Conference - Resilient Corporates, Relentless India.
Interaction involves institutional investors, analysts, and investment advisors starting from 09:00 a.m.
Company confirms that no unpublished price sensitive information will be disclosed.

💡 No immediate action is required as this is a routine investor engagement. Investors may look for any subsequent investor presentations or transcripts released after the conference for insights into management's outlook.

Apcotex Industries: Promoter Rita Ashok Parekh to Acquire 0.12% Stake via Inter-se Transfer

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 11 Mar 2026, 08:32 PM

Rita Ashok Parekh, a promoter of Apcotex Industries, has filed an intimation to acquire 62,280 equity shares, representing 0.12% of the company's share capital. This is an inter-se transfer from another promoter entity (Mrs. Rita Ashok Parekh & Mrs. Janaki Parekh) and will be executed without any monetary consideration. The transaction is scheduled for March 18, 2026, and is exempt from open offer requirements under SEBI regulations. Post-transaction, Rita Ashok Parekh's individual holding will increase from 0.49% to 0.61%, while the overall promoter group holding remains unchanged.

Proposed acquisition of 62,280 shares (0.12% stake) by promoter Rita Ashok Parekh
Transaction is an inter-se transfer among promoters without any financial consideration
Acquirer's individual stake to increase from 252,970 shares (0.49%) to 315,250 shares (0.61%)
The transfer is scheduled to take place on or around March 18, 2026
Compliance with SEBI (SAST) Regulation 10(1)(a)(i) for exemption from open offer

💡 This is a routine administrative reshuffle within the promoter group and does not impact the company's operations or total promoter holding. No action is required from retail investors.

Apcotex Industries Revises Schedule for Investor Meeting on February 27, 2026

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 25 Feb 2026, 06:12 PM

Apcotex Industries Limited has announced a revision in the timing of its scheduled meeting with institutional investors and analysts. The meeting, involving Mr. Rohit Balakrishnan of Vrddhi PMS (iThought PMS), is now set for February 27, 2026, starting at 12:00 PM via video conferencing. The company has explicitly stated that no unpublished price sensitive information (UPSI) will be shared during this interaction. This update follows a previous intimation made on February 24, 2026.

Meeting rescheduled for February 27, 2026, at 12:00 PM onwards
Interaction scheduled with Mr. Rohit Balakrishnan, co-fund manager of Vrddhi PMS
The meeting will be conducted through video conferencing mode
Company confirms no unpublished price sensitive information (UPSI) will be shared

💡 No immediate action is required as this is a routine administrative update regarding a meeting schedule. Investors should look for any subsequent disclosures or transcripts if the company releases them post-meeting.

Apcotex Industries to Meet with Vrddhi PMS on February 27, 2026

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 24 Feb 2026, 11:56 AM

Apcotex Industries Limited has scheduled a virtual meeting with Mr. Rohit Balakrishnan, the co-fund manager of Vrddhi PMS (iThought PMS). The interaction is slated for February 27, 2026, starting at 11:30 a.m. via video conferencing. This disclosure is a routine compliance filing under Regulation 30 of the SEBI (LODR) Regulations, 2015. The company has explicitly stated that no unpublished price sensitive information (UPSI) will be shared during this meeting.

Meeting scheduled for February 27, 2026, at 11:30 a.m. IST
Interaction with Rohit Balakrishnan, co-fund manager of Vrddhi PMS
The meeting will be held through video conferencing mode
Company confirms no unpublished price sensitive information will be disclosed
Disclosure made in compliance with SEBI Listing Obligations and Disclosure Requirements

💡 Investors should treat this as a routine engagement with institutional investors. Monitor the company's website for any post-meeting presentations or transcripts that may provide insights into business outlook.

Apcotex Q3 FY26 PAT Jumps 91% YoY to ₹22 Cr; EBITDA Margins Expand to 13.1%

🟢 POSITIVE ⭐ 8/10

EARNINGS 📅 03 Feb 2026, 02:44 PM

Apcotex Industries reported a strong Q3 FY26 with PAT rising 91% YoY to INR 22 crores, despite a 7% decline in revenue to INR 332 crores caused by lower raw material prices. Operating EBITDA grew 61% YoY to INR 44 crores, driven by a 10% volume growth and improved operational efficiencies. The company achieved its highest-ever 9M sales and export volumes, while reducing debt by INR 94 crores during the period. An interim dividend of INR 2.50 per share was declared, and the company is proceeding with a cost-optimized NBR expansion plan.

Q3 FY26 PAT surged 91% YoY to INR 22 crores with EBITDA margins expanding to 13.12%.
Highest ever 9M sales volumes (up 15% YoY) and export volumes (up 21% YoY) recorded.
Debt reduced by INR 94 crores in 9M FY26, maintaining a net cash positive position.
Interim dividend of INR 2.50 per equity share approved by the Board.
NBR expansion proceeding with optimized CAPEX of INR 130-140 crores despite pending ADD notification.

💡 Investors should view the strong volume growth and margin recovery in nitrile latex and paper segments as positive indicators of operational turnaround. The significant debt reduction and optimized CAPEX for expansion further strengthen the balance sheet for future growth.

Apcotex Industries Releases Audio Recording of Q3 FY26 Earnings Conference Call

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 30 Jan 2026, 09:56 PM

Apcotex Industries has made the audio recording of its earnings conference call, held on January 30, 2026, available to the public. The call addressed the company's financial performance for the third quarter and the nine-month period ending December 31, 2025. This filing is a standard regulatory requirement under SEBI (LODR) Regulations to ensure transparency for all stakeholders. Investors can access the recording via the company's official website to hear management's detailed commentary on business operations.

Earnings conference call for Q3 FY26 and 9M FY26 was conducted on January 30, 2026.
Audio recording is now hosted on the company's website under the investor relations section.
The disclosure is in compliance with Regulation 30 of SEBI (LODR) Regulations, 2015.
The recording provides insights into the company's performance for the period ending December 31, 2025.

💡 Investors should listen to the recording to understand management's guidance on raw material costs and demand trends in the latex and synthetic rubber segments. No immediate trading action is required based on this procedural filing.

Apcotex Industries Declares Rs 2.5 Interim Dividend; Sets Feb 4 as Record Date

🟢 POSITIVE ⭐ 7/10

DIVIDEND 📅 30 Jan 2026, 04:59 PM

Apcotex Industries has announced an interim dividend of Rs 2.5 per equity share (125% of face value) for the financial year 2025-26. The company has established February 4, 2026, as the record date to identify eligible shareholders for the payout. In line with current tax laws, the company will deduct TDS at 10% for resident shareholders with valid PANs, while a higher rate of 20% applies if PAN is not provided. Shareholders must submit relevant tax exemption forms or DTAA documents by the record date deadline to optimize their tax liability.

Interim dividend declared at Rs 2.5 per equity share of face value Rs 2.00 each.
Record date for determining dividend eligibility is fixed as February 4, 2026.
TDS of 10% applicable for resident individuals with valid PAN for dividends exceeding Rs 10,000.
Non-resident shareholders can avail DTAA benefits by submitting Form 10F and TRC by the deadline.
Deadline for submission of tax-related documents (Form 15G/15H) is February 4, 2026, 5:00 PM IST.

💡 Eligible shareholders should ensure their PAN and bank account details are updated with their Depository Participant and submit tax exemption forms by Feb 4 to avoid higher TDS.

Apcotex Q3 PAT Jumps 91% YoY to ₹222 Mn; EBITDA Margins Expand to 13.1%

🟢 POSITIVE ⭐ 8/10

EARNINGS 📅 30 Jan 2026, 01:00 PM

Apcotex Industries reported a strong bottom-line performance for Q3 FY26, with Net Profit growing 91.4% YoY to INR 222 million despite a 6.7% dip in revenue. The company achieved its highest-ever 9M sales volumes, growing 15% YoY, and significantly improved its EBITDA margins by 549 bps to 13.12%. Debt was reduced by INR 940 million during the first nine months, leading the company to become net cash positive. The Board also declared an interim dividend of INR 2.50 per share.

Q3 PAT grew 91.4% YoY to INR 222 Mn, while EBITDA rose 61.1% to INR 435 Mn.
EBITDA margins expanded significantly by 549 bps YoY to 13.12% in Q3 FY26.
9M FY26 sales volumes reached record highs, increasing 15% YoY, with exports up 21%.
Company turned net cash positive after reducing debt by INR 940 Mn in 9M FY26.
Declared an interim dividend of INR 2.50 per equity share.

💡 Investors should view the margin recovery and debt-free status as strong indicators of operational efficiency. Monitor the notification of anti-dumping duties by the Finance Ministry as a potential further catalyst for the stock.

Apcotex Q3 Net Profit Jumps 92% YoY to ₹22.2 Cr; Declares ₹2.5 Interim Dividend

🟢 POSITIVE ⭐ 8/10

EARNINGS 📅 29 Jan 2026, 03:53 PM

Apcotex Industries reported a robust 92.3% YoY increase in net profit to ₹22.2 crore for Q3 FY26, despite a 6.7% decline in revenue from operations to ₹331.5 crore. The profit surge was largely driven by a significant reduction in raw material costs, which fell by 12.9% YoY. The company also rewarded shareholders with an interim dividend of ₹2.5 per share. An exceptional charge of ₹4.78 crore was taken during the quarter to account for the implementation of new labour codes.

Net Profit after tax grew 92.3% YoY to ₹2,221.53 Lakhs compared to ₹1,155.52 Lakhs in the previous year.
Revenue from operations stood at ₹33,145.78 Lakhs, down 6.7% from ₹35,526.68 Lakhs YoY.
Declared an interim dividend of ₹2.50 per equity share (125% of face value) with a record date of February 4, 2026.
Cost of materials consumed decreased significantly to ₹22,486.88 Lakhs from ₹25,823.06 Lakhs YoY, aiding margin expansion.
Recognized an exceptional expense of ₹478.46 Lakhs related to the impact of four new Labour Codes.

💡 The stock reflects strong operational efficiency and margin improvement despite top-line pressure; investors should monitor if revenue growth resumes in coming quarters. The interim dividend provides a positive immediate return for shareholders.

Apcotex Industries Declares ₹2.50 Interim Dividend; Q3 Net Profit Surges 92% YoY

🟢 POSITIVE ⭐ 8/10

DIVIDEND 📅 29 Jan 2026, 03:45 PM

Apcotex Industries has reported a strong financial performance for Q3 FY26, with net profit surging 92% year-on-year to ₹22.21 crore despite a 6.7% decline in revenue to ₹331.46 crore. The profit growth was largely supported by a significant reduction in raw material costs and lower finance charges. The company also declared an interim dividend of ₹2.50 per share, rewarding shareholders amidst improving margins. For the nine-month period ending December 2025, the company has already surpassed its total net profit for the previous full financial year.

Declared an interim dividend of ₹2.50 per equity share (125% of face value) with a record date of February 4, 2026.
Net Profit for Q3 FY26 jumped to ₹22.21 crore, up from ₹11.55 crore in the corresponding quarter last year.
Cost of materials consumed decreased by 12.9% YoY to ₹224.87 crore, significantly boosting operating margins.
Nine-month net profit stands at ₹66.67 crore, a 78.7% increase compared to ₹37.31 crore in the previous year's nine-month period.
Exceptional item of ₹4.78 crore recorded in Q3 due to the implementation of new labour codes.

💡 Investors should take note of the significant margin expansion and the fact that 9-month profits have already exceeded the previous full year's earnings. The stock remains attractive for dividend-seeking investors, though the slight dip in revenue warrants monitoring of demand trends in the synthetic emulsion polymers segment.

Apcotex Industries Q3 Net Profit Surges 92% to ₹22.2 Cr; Declares ₹2.50 Interim Dividend

🟢 POSITIVE ⭐ 8/10

EARNINGS 📅 29 Jan 2026, 03:43 PM

Apcotex Industries reported a robust net profit of ₹22.21 crore for Q3 FY26, nearly doubling from ₹11.55 crore in the same period last year. This growth comes despite a 6.7% year-on-year decline in revenue to ₹331.45 crore, primarily driven by a significant reduction in raw material costs. The company has rewarded shareholders with an interim dividend of ₹2.50 per share (125% of face value), setting February 4, 2026, as the record date. Profitability was slightly impacted by a one-time exceptional expense of ₹78.46 lakhs related to new labour code implementations.

Net Profit increased by 92.2% YoY to ₹22.21 crore in Q3 FY26.
Declared an interim dividend of ₹2.50 per equity share with a record date of February 4, 2026.
Revenue from operations stood at ₹331.45 crore, down from ₹355.26 crore in Q3 FY25.
Cost of materials consumed dropped significantly to ₹224.86 crore from ₹258.23 crore YoY.
Earnings Per Share (EPS) for the quarter rose to ₹4.28 from ₹2.23 in the previous year.

💡 Investors should view the strong margin improvement and dividend declaration positively. The stock remains a solid play in the synthetic emulsion polymers space given its ability to maintain profitability despite revenue headwinds.

Apcotex Industries Declares ₹2.50 Interim Dividend; Q3 Net Profit Surges 92% YoY

🟢 POSITIVE ⭐ 8/10

DIVIDEND 📅 29 Jan 2026, 03:40 PM

Apcotex Industries has declared an interim dividend of ₹2.50 per share for FY 2025-26, fixing February 4, 2026, as the record date. The company reported a strong financial performance for Q3 FY26, with net profit surging 92% YoY to ₹22.22 crore, despite a 6.7% decline in revenue to ₹331.46 crore. Profitability was bolstered by a significant reduction in finance costs and lower raw material expenses. For the nine-month period ended December 2025, the company's net profit stands at ₹66.67 crore, representing a 78.7% growth over the previous year.

Declared interim dividend of ₹2.50 per equity share (125% of face value) for FY 2025-26.
Net Profit for Q3 FY26 increased to ₹22.22 crore from ₹11.56 crore in Q3 FY25.
Revenue from operations decreased 6.7% YoY to ₹331.46 crore from ₹355.27 crore.
Finance costs reduced significantly by 52.6% YoY to ₹2.20 crore.
9M FY26 Net Profit reached ₹66.67 crore compared to ₹37.31 crore in the previous year.

💡 Investors should take note of the strong margin expansion and reduced debt servicing costs which have driven profit growth despite flat revenue. The dividend payout reflects management confidence, making it a positive signal for long-term shareholders.

Apcotex Q3 Net Profit Jumps 92% YoY to ₹22.2 Cr; Declares ₹2.5 Interim Dividend

🟢 POSITIVE ⭐ 8/10

EARNINGS 📅 29 Jan 2026, 03:37 PM

Apcotex Industries reported a strong 92.2% year-on-year growth in net profit to ₹22.21 crore for Q3 FY26, despite a 6.7% decline in revenue from operations to ₹331.46 crore. The profit growth was primarily driven by a significant reduction in raw material costs, which fell from ₹258.23 crore to ₹224.87 crore YoY. The company also declared an interim dividend of ₹2.5 per share (125% of face value) with a record date of February 4, 2026. An exceptional expense of ₹4.78 crore was recorded during the quarter related to the implementation of new labour codes.

Net Profit surged 92.2% YoY to ₹22.21 crore in Q3 FY26 vs ₹11.55 crore in Q3 FY25.
Revenue from operations decreased 6.7% YoY to ₹331.46 crore from ₹355.27 crore.
Interim dividend of ₹2.5 per equity share (Face Value ₹2) declared for FY 2025-26.
Exceptional item of ₹4.78 crore recognized due to the impact of four new Labour Codes effective Nov 2025.
Earnings Per Share (EPS) improved significantly to ₹4.28 from ₹2.23 in the same quarter last year.

💡 Investors should note the impressive margin expansion resulting from lower input costs despite a slight dip in top-line growth. The stock remains attractive for dividend-seeking investors following the ₹2.5 per share announcement.

Apcotex Industries to Hold Q3 & 9M FY26 Earnings Call on January 30, 2026

🟡 NEUTRAL ⭐ 4/10

EARNINGS 📅 20 Jan 2026, 07:11 PM

Apcotex Industries Limited has scheduled its earnings conference call for Friday, January 30, 2026, at 2:00 PM IST. The management team, including the Vice Chairman & Managing Director and the CFO, will discuss the company's financial performance for the quarter and nine months ended December 31, 2025. This call is a standard procedure following the release of quarterly results to provide transparency and management outlook to shareholders. Investors can participate via domestic dial-in numbers or international toll-free lines.

Conference call scheduled for January 30, 2026, at 2:00 PM IST
Discussion to cover financial results for Q3 and 9M ended December 31, 2025
Management representation by VC & MD Abhiraj Choksey and CFO Vivek Thakur
Primary dial-in numbers provided: +91 22 6280 1341 and +91 22 7115 8242
International toll-free access available for USA, UK, Singapore, and Hong Kong

💡 Investors should attend the call or review the transcript to understand management's perspective on volume growth and raw material price volatility. Key focus areas should be the performance of the synthetic rubber and latex segments.

View All APCOTEXIND Announcements on Live Market Tracking →

💰 Financial Performance

Revenue Growth by Segment

Revenue from operations grew 23.8% in FY25 to INR 1,392.35 Cr from INR 1,124.55 Cr in FY24. In H1 FY26, revenue reached INR 712.5 Cr, a 3.6% YoY increase, despite a 4% revenue decline in Q2 FY26 (INR 337 Cr) caused by lower realizations from falling raw material prices.

Geographic Revenue Split

The company achieved its highest-ever export volumes in H1 FY26, contributing to an 18% overall volume growth. While specific regional percentages are not disclosed, the company maintains a strong regional position in South and Southeast Asia to leverage freight advantages.

Profitability Margins

Net Profit After Tax (PAT) for H1 FY26 was INR 44.5 Cr, a 72.5% increase YoY. PAT margins improved from 3.75% in H1 FY25 to 6.25% in H1 FY26. FY25 Profit Before Tax stood at INR 76.24 Cr, up 2.3% from INR 74.51 Cr in FY24.

EBITDA Margin

Operating EBITDA margin for H1 FY26 was 11.13%, up 251 bps from 8.62% in H1 FY25. Q2 FY26 EBITDA margin reached 12.06% (INR 41 Cr), driven by volume growth and margin expansion despite lower top-line revenue.

Capital Expenditure

The company invested INR 49.95 Cr in Property, Plant, and Equipment and Intangibles during FY25, an 80% increase from the INR 27.77 Cr spent in FY24. A major 37,000-tonne capacity expansion is underway to unlock future revenue.

Credit Rating & Borrowing

ICRA reaffirmed ratings with a comfortable liquidity profile supported by cash and investments of INR 132 Cr as of March 31, 2025. Finance costs decreased 20.5% YoY in H1 FY26 to INR 6.6 Cr as the company turned net cash positive by September 30, 2025.

⚙️ Operational Drivers

Raw Materials

Key raw materials include Styrene, Butadiene, and Acrylonitrile, which collectively represent approximately 70% of the total revenue cost.

Import Sources

Not specifically disclosed, but the company faces competition and pricing pressure from global suppliers in Korea, Russia, and China.

Capacity Expansion

Current capacity expansion of 37,000 tonnes is expected to unlock revenue potential of INR 550 Cr to INR 600 Cr. The company estimates a peak revenue potential of INR 1,600 Cr to INR 1,700 Cr with existing and newly commissioned capacities.

Raw Material Costs

Raw material costs in FY25 were INR 1,022.10 Cr, representing 73.4% of operating revenue. Profitability is highly vulnerable to volatility in Styrene and Butadiene prices, as the company typically benefits when prices rise and faces stock losses when they fall.

Manufacturing Efficiency

Volume growth of 18% in H1 FY26 indicates high utilization. Management notes that increasing utilization from 80% to 90%+ provides the operating leverage to reject low-margin orders and improve absolute margins.

Logistics & Distribution

The company benefits from regional proximity in South and Southeast Asia, making it highly competitive in freight-sensitive products like synthetic latex compared to global peers.

📈 Strategic Growth

Expected Growth Rate

18%

Growth Strategy

Growth is driven by a 37,000-tonne capacity expansion, increasing export volumes, and diversifying the customer mix. The company is also pursuing anti-dumping duties to protect domestic market share from unfair foreign competition.

Products & Services

Synthetic rubber (NBR) and synthetic latex (Nitrile latex) used in industries like paper, carpets, construction, and gloves.

Brand Portfolio

Apcotex.

New Products/Services

The company is focusing on specialized, margin-accretive segments within the 37,000-tonne expansion to improve overall profitability.

Market Expansion

Targeting increased market share in Southeast Asian glove manufacturing, which is growing due to US tariffs on Chinese-made nitrile gloves.

Market Share & Ranking

Strong market position in the synthetic rubber and synthetic latex segments in India; recognized as a leading regional player in South and Southeast Asia.

🌍 External Factors

Industry Trends

The industry is seeing a shift toward regional supply chains to manage freight costs. Apcotex is positioning itself to capture this by expanding capacity and seeking regulatory protection via anti-dumping duties.

Competitive Landscape

Faces intense competition from large global players in Korea, Russia, and China who often have larger scales of operation.

Competitive Moat

The moat is built on logistical advantages in freight-sensitive latex and a 30-year promoter experience. This is sustainable as long as the company maintains regional proximity and cost-efficient manufacturing.

Macro Economic Sensitivity

Highly sensitive to global petrochemical cycles and economic growth in India and Southeast Asia, which drive demand for rubber and latex products.

Consumer Behavior

Increased demand for nitrile gloves and specialized synthetic rubbers in industrial applications is driving volume growth.

Geopolitical Risks

US-China trade tensions (tariffs on Chinese gloves) have shifted demand to Southeast Asian manufacturers, benefiting Apcotex as a regional supplier of nitrile latex.

⚖️ Regulatory & Governance

Industry Regulations

The Director General of Trade Remedies (DGTR) issued positive final findings on anti-dumping duties for the company's products, which is expected to provide a level playing field against imports.