Concall transcriptAug 2026
Aug 2026 · Transcript
Source: Bse
Apcotex Industries Limited (APCOTEXIND)
Small CapIndustrials stocks · Small cap · NSE
Apcotex Industries Limited operates in Rubber Chemicals, within the Industrials sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers.
Data qualityFresh enough for analysisQuote updated 19 Oct, 05:56 pm ISTDetails
Quote19 Oct, 05:56 pm IST
Base fundamentals13 Oct 2026 · screener
Latest result29 Jul, 08:00 pm IST
Score20 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags02 May 2026
Coverage14/14 · 100%
Valuation2026-07-20 · Rf 6.8% · Industrials P/E 26.2 (n=537)
Technical timing lens
Trend score and candlestick chart
47NeutralSMA20 -3.5% / mo · MACD −
Stock trend: 44
Sector RS: 50
Sector 3M: -6.3% vs Nifty 500 -5.6%
Industrials FPI tailwindNot confirmed
Latest mapped FPI equity flow was not positive. View sector evidence
Technical chart
APCOTEXINDD candles · FIT view+43.8%Latest close ₹566.80 on 2026-10-19
Bar
-5.4%
RSI
40
MACD hist
-1.15
52W pos
64%
2026-10-19O ₹599.45H ₹602.40L ₹564.00C ₹566.80Vol 88,397 sh
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context
Relative performance and chart statistics
Adjusted completed-session prices, rebased to 100
APCOTEXINDNifty India ManufacturingNifty 500
- APCOTEXIND
- +2.7%
- Nifty 500
- -5.6%
- Nifty India Manufacturing
- -5.8%
- Vs Nifty 500
- +8.2 pp
Chart stats
19 Oct 2026- From 52W high
- -20.4%
- 52W range position
- 64%
- ATR (14)
- 4.0%
- Volume vs 20D
- 1.31x
- Avg traded value
- ₹4.1 Cr
- 20D price channel
- ₹564 - ₹628.7
₹712
₹310.5 - ₹712
₹22.8
Latest completed session
20-session average
35.4% annualized volatility
Research snapshot
What the evidence says now
Weak fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend is neutral, and recent execution is consistent.
Suggested next step
Research, do not rush
The evidence is not strongly aligned. Compare peers and wait for a cleaner setup.
U-Score
Legacy · WATCHLIST38
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Excellent100
Revenue +39.9% · PAT +315.8% YoY
Technical
Neutral47
Price trend and sector-relative-strength timing.
Valuation
Legacy model-300.5%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence72
Financial-only signal; management claim evidence is not sufficient yet.
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Latest result
Quarter ended 30 Jun 2026
Excellent · 100/100Rev +40% YoY · PAT +316% YoY · margin expansion · +32% QoQ · operating leverage
Filed 29 Jul 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹526 Cr | +39.9% | +32.2% |
| EBITDA | ₹117 Cr | +200.0% | +112.7% |
| Operating margin | 22.0% | +1200 bps | +800 bps |
| PAT | ₹79 Cr | +315.8% | +125.7% |
| PAT margin | 15.0% | +997 bps | +623 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- 83.30
- P/B
- 15.79
- EV/EBITDA
- 67.15
- Market Cap
- 3124.00Cr
Profitability
- ROE
- 24.40%
- ROCE
- 19.80%
- ROA
- 13.15%
- Dividend Y
- 1.33%
Growth (CAGR)
- Revenue 5Y
- 8.00%
- EPS 5Y
- 8.00%
- Revenue 3Y
- 5.00%
- EPS 3Y
- 5.00%
Balance Sheet
- Debt/Equity
- 0.16
- Interest Coverage
- 12.00×
- Altman Z
- 8.81
- Book Value
- 38.20
Cash Flow
- FCF Yield
- 0.70%
- FCF Positive Y
- 2/5
- OCF
- -18.00 Cr
- EPS TTM
- 7.24
Shareholding
- Promoter Hold
- 58.23%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 73%
Financial History
Updated 20/10/2026
Revenue
₹ CrLatest: 1,442+3.6% vs prev
Net Profit
₹ CrLatest: 101+87.0% vs prev
Return on Equity
%Latest: 16.3+66.6% vs prev
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Daily technical trend read
Bearish setupTrend is weak — long-term uptrend intact. RSI 40.
- Price above SMA200 (long-term uptrend) but mid-term MAs not aligned.
- SMA20 falling (~3.6% over last month) — short-term momentum negative.
- RSI(14) at 40 — falling, no extreme reading.
- MACD below signal, histogram expanding negatively — bearish momentum building.
- 20% off 52W high · 83% above 52W low.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Nifty 500 leadership
Relative Strength & Trend Stage
89
RS percentile
Stage 2 UptrendEstablished S2
1M return
-6.3%
3M return
+2.7%
6M return
+41.9%
1Y return
+59.5%
RS 1D
-1
RS 20D
+1
Sector rank
#2
Industry rank
#9
Stage evidence
- Price is 8.9% above the 30-week proxy.
- The 50-DMA is above the 30-week proxy and its slope is rising +6.4%.
- Both 3-month and 6-month returns are positive.
50-DMA
price below
200-DMA
price above
S2 entered
08 May 2026
S2 age
115 trading sessions
Sector
leading
Industry
leading
Relative-strength line vs Nifty 500 (base 100)
262 observations
19 Oct 2026Value 148.56-4.15%
RS vs Nifty 500149
Valuation & peers
U-Score 38 · legacy U-Score band WATCHLIST · valuation evidence and comparable companies
Valuation & peers
U-Score 38 · legacy U-Score band WATCHLIST · valuation evidence and comparable companies
Premium Compounder
Fundamental score breakdown
U band · WATCHLISTValuation0/30
Growth8/25
Quality16/20
Balance Sheet10/15
Cash Flow1/10
Piotroski
6/9 (+3)
Penalties
0
Raw sum
38
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
38/100 · legacy band WATCHLIST
Positive drivers
- Quality contributes 16/20 to the score.
- Balance sheet contributes 10/15 to the score.
- Growth contributes 8/25 to the score.
Main drags
- Fair-value margin of safety is negative at -300.5%.
- Valuation is weaker at 0/30; verify the latest quarterly trend.
- Cash flow is weaker at 1/10; verify the latest quarterly trend.
Sector valuation model
Cyclical valuation: normalized earnings, not just trailing PE
Cyclical companies can look cheapest near peak profits, so IndiaPulse flags value-trap risk separately.
Primary lens
Mid-cycle PE/EV/EBITDA using multi-year average margins or earnings.
Secondary checks
Current margin versus 5-year average, balance sheet strength, commodity cycle.
Main risk check
A low trailing PE may mean peak-cycle earnings, not true cheapness.
PE
83.3
PB
15.8
EV/EBITDA
67.2
ROE
24.4%
ROCE
19.8%
FCF Yield
0.7%
Debt/Equity
0.2
MoS
-300.5%
Cyclical/value-trap warning
This sector can look cheap when profits are temporarily high. Check mid-cycle margins/earnings before relying on trailing PE.
Score movement
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Stored run: 20 Oct 2026
v4.3-runtime-valuation
Final score
38
Previous: 38
Legacy U-Score band
WATCHLIST
Previous: WATCHLIST
Margin of safety
-300.5%
Previous: -300.5%
Score history
12 stored score snapshots. Latest stored move: +0 points.
20 Oct 2026
v4.3-runtime-valuation
35
35
35
35
38
38
38
38
38
38
38
38
Factor attribution
No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.
Modelled fair value
Graham Number
₹78.88
-618.5% MoS
Growth-justified P/E
19.6
Growth-justified Value
₹141.54
-300.5% MoS
PEG
12.25
Comparable companies
Peers
Business-comparable peers in Industrials — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
NOCIL
Small
NOCIL Limited
Specialty Chemicals
match 166
25
39.8
2.6%
-1070%
OVERVALUED
PREMEXPLN
Small
Premier Explosives Limited
Specialty Chemicals
match 138
46
107.0
18.8%
-183%
FAIR VALUE
JGCHEM
Small
J.G.Chemicals Limited
Specialty Chemicals
match 137
43
31.8
13.2%
+19%
WATCHLIST
BODALCHEM
Small
Bodal Chemicals Limited
Specialty Chemicals
match 136
26
33.0
2.0%
-770%
OVERVALUED
SHK
Small
S H Kelkar and Company Limited
Specialty Chemicals
match 136
31
40.3
3.7%
-707%
OVERVALUED
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business and thesis
Issuer presentation review pending
Apcotex Industries Limited operates in Rubber Chemicals, within the Industrials sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers. The structured result feed currently covers the quarter ended 30 Jun 2026. Investor presentations and earnings-call PDFs will be added as issuer-backed evidence before management claims appear here.
Trust Score
72Limited evidence · low confidenceTrust Lite
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Limited evidence: Claim history is still being built. It ranks around the 69th percentile of the scored universe and 67th percentile within Industrials. Main check: cash conversion is weak at 50/100.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 05 Sept 2026
management-trust-v1
134 docs text-extracted · 25 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
69th percentile
overall median 67 · Industrials: 67th pctile, median 68 · Small: 71st pctile, median 66
Evidence depth
Financial-only
134 documents have extracted text, but claim history is not strong enough yet.
Claim delivery
Outcome history still building
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Limited evidence · low confidenceWhat it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Acceptable, but check the weakest sub-score before increasing exposure.
Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Promoter
86
strong · holding, pledge, alignment
Cash flow
50
watch · profit to cash conversion
Balance sheet
89
strong · leverage and solvency
Discipline
68
acceptable · capital discipline
Results
75
strong · quarterly consistency
Trust positives
- ▸Promoter holding is 58.2%.
- ▸Promoter pledge is zero.
- ▸FCF yield is positive at 0.7%.
- ▸4/4 latest quarters had positive YoY PAT growth.
Trust risks
- ▸Operating cash flow is negative at ₹-18 Cr.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching Apcotex Industries Limited
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
Investor presentationAug 2026
Aug 2026 · PPT
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 26 Aug - Apcotex Industries Limited has informed about copy of Newspaper Publication with respect to special window for Transfer & Dematerlisation of Physcial Shares.
Source: Bse
AnnouncementJul 2026
Jul 2026 · Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 2h - Intimation regarding Earnings Conference Call scheduled on 30th July 2026 at 2.00 p.m. IST.
Source: Bse
AnnouncementJul 2026
Jul 2026 · Announcement Under Regulation 30 Of SEBI (LODR) Regulations, 2015 - Communication To Shareholders Regarding Launce Of ''''Second 100 Days Campaign - Saksham Niveshak'''' 2h - Apcotex launches Saksham Niveshak campaign from 1 April-9 July 2026 for KYC updates and unclaimed dividends.
Source: Bse
Investor presentationJun 2026
Jun 2026 · PPT
Source: Bse
Concall transcriptJun 2026
Jun 2026 · Transcript
Source: Bse
AnnouncementJun 2026
Jun 2026 · Announcement under Regulation 30 (LODR)-Newspaper Publication 30 Jul - Please find attached copy of Newspaper Publication of Financial Results for the quarter ended 30th June 2026
Source: Bse
AnnouncementJun 2026
Jun 2026 · Announcement under Regulation 30 (LODR)-Change in Management 25 Jun - AGM on 25 June 2026 approved Ravishankar Sharma’s 2-year reappointment and Atul Choksey’s continued directorship.
Source: Bse
AnnouncementJun 2026
Jun 2026 · Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 2h - Please find attached intimation of investor meet scheduled on 3rd June 2026.
Source: Bse
Annual reportJun 2026
Jun 2026 · Announcement Under Regulation 30 - Letters Sent To Shareholders 2 Jun - Apcotex schedules 40th AGM on 25 June 2026 and shares FY2025-26 annual report link.
Source: Bse
Concall transcriptJun 2026
Jun 2026 · Transcript
Source: Bse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.