About Apcotex Industries
Apcotex Industries is a producer of Performance Emulsion Polymers in India. The Company's product range includes VP latex, Carboxylated and Non-Carboxylated SB latexes, Acrylic latexes, Nitrile latex and Synthetic Rubber.
Apcotex Industries Headquarter Location
Plot No. 3/1 MIDC Industrial Area
+91 22 27403500
Latest Apcotex Industries News
Sep 9, 2021
Analyst and Market Expert Sandeep Jain said that Apcotex Industries is a good quality company and was started in the year 1980 as a division of Asian Paints. 11:10 am RELATED NEWS In the show 'Jain Saab Ke Gems,' Analyst and Market Expert Sandeep Jain while speaking with with Zee Business Managing Editor Anil Singhvi suggested investors to invest in Apcotex Industries Limited for good returns. Sandeep said that Apcotex Industries is a good quality company and was started in the year 1980 as a division of Asian Paints and then in 1991 it was constituted as a Public Limited Company and got listed on stock exchanges as Apcotex Industries Limited. See Zee Business Live TV Streaming Below: Atul Choksey, who was the Managing Director of Asian Paints once is now the promoter of the company, he added. The market analyst further said that the way the company is growing is impressive and in 2016 the company had completed the acquisition of Omnova Solutions Indian business of Nitrile Rubber of 16,000 MT p.a. (dry) and high styrene rubber to create synergy. The company is planning for expansion and its demand outlook is also very strong, he said. The company says that it can manage the growth of 15 percent easily, the expert added. Talking about the fundamentals Sandeep said that the company has almost become a zero-debt company by continuously reducing its debts. Return on capital employed is around 19-20, dividend payout ratio is very high around 56 percent and in the last 5 years 16-17 percent growth in profit CAGR has been seen. Last 3 quarters have also been very good, infact in June last year the company had reported a loss of 7 crore and now it has reported a PAT of 22 crore. The company has also reported OPM of 16 percent which is very good, the expert said. Sandeep concluded by giving a target of 390 at first and then another target of 430 for a period of 6-9 months.