APCOTEX INDUSTRIES chart

Last update: 2022-06-03
Key statistics and financials
Revenue per share 184.57
Dividend & Yield6.00₹ (1.00%)
Beta 0.47
Market capitalization 31.22B
Operating cash flow 475.44M
ESG Scores unknown

Company description

Apcotex Industries Limited produces and sells synthetic emulsion polymers in India. It offers synthetic latexes, such as carboxylated styrene butadiene, styrene acrylic, vinyl pyridine, and nitrile latexes; and synthetic rubber, including nitrile, NBR polyblend and powder, and high styrene rubber products. The company's synthetic latexes are used in applications, such as tire cord dipping, paper and paperboard coating, carpet backing, concrete modification/water proofing, non-wovens, textile finishing, paints, gloves, etc.; and synthetic rubber for use in various applications comprising footwear, automotive components, rice rolls, molded items, V-belts, conveyor belts, hoses, etc. It also exports its products. The company was formerly known as Apcotex Lattices Limited and changed its name to Apcotex Industries Limited in 2005. Apcotex Industries Limited was founded in 1980 and is headquartered in Mumbai, India.

Sector: Basic Materials - Industry: Specialty Chemicals

Financial Ratios
Quick Ratio1.31
Working Capital0.71
Return On Equity0.25
Debt To Equity0.07
Fixed Asset Ratio0
Fixed Interest Cover41.05

Financial data

Financial Statements

Cashflow Statement 2019-03-31 2020-03-31 2021-03-31 2022-03-31
Change To Liabilities 140.71M -25M 300.08M 279.32M
Total Cashflows From Investing Activities -79.46M -421.19M -368.93M -670.64M
Net Borrowings -133.82M 450.55M -346.44M 357.25M
Total Cash From Financing Activities -300.49M 67.53M -462.58M 119.27M
Change To Operating Activities -78.64M -4.22M 19.72M 21.07M
Issuance Of Stock
Net Income 466.05M 166.27M 441.59M 988.06M
Change In Cash 8.4M 9.54M -79.28M -75.93M
Effect Of Exchange Rate
Total Cash From Operating Activities 388.35M 363.2M 752.24M 475.44M
Depreciation 113.47M 128.06M 139.32M 140.95M
Change To Account Receivables -244.17M 218.19M -206.14M -685.41M
Other Cashflows From Financing Activities -43.61M -77.05M -38.11M -32.55M
Change To Netincome -24.88M -10.98M 13.41M 44.35M
Capital Expenditures -222.58M -502.22M -237.47M -679.52M

Income Statement 2019-03-31 2020-03-31 2021-03-31 2022-03-31
Research Development
Income Before Tax 616.7M 246.04M 567.36M 1.3B
Net Income 466.05M 166.27M 441.59M 988.06M
Selling General Administrative 398.05M 400.28M 433.11M 508.67M
Gross Profit 1.77B 1.41B 1.88B 3.41B
Ebit 564.5M 206.97M 558.11M 1.34B
Operating Income 564.5M 206.97M 558.11M 1.34B
Interest Expense -15.56M -10.25M -35.14M -32.55M
Income Tax Expense 150.65M 79.77M 125.77M 315.54M
Total Revenue 6.26B 4.96B 5.41B 9.65B
Cost Of Revenue 4.48B 3.55B 3.52B 6.24B
Total Other Income ExpenseNet 52.2M 39.07M 9.26M 25.33M
Net Income From Continuing Ops 466.05M 166.27M 441.59M 988.06M
Net Income Applicable To Common Shares 466.05M 166.27M 441.59M 988.06M

Balance Sheet Statement 2019-03-31 2020-03-31 2021-03-31 2022-03-31
Total Liabilities 992.73M 1.46B 1.46B 2.09B
Total Stockholder Equity 2.78B 2.51B 3.05B 3.96B
Other Current Liabilities 46.46M 51.75M 100.9M 394.35M
Total Assets 3.77B 3.97B 4.52B 6.05B
Common Stock 103.69M 103.69M 103.69M 103.69M
Other Current Assets 172.46M 119.82M 226.21M 299.65M
Retained Earnings 1.98B 1.73B 2.09B 2.93B
Treasury Stock 437.05M 421.51M 595.93M 3.86B
Cash 57.02M 117.23M 106.37M 88.92M
Total Current Liabilities 906.9M 1.11B 1.22B 1.65B
Other Stockholder Equity 437.05M 421.51M 595.93M 3.86B
Property, Plant, and Equipment 961.84M 1.43B 1.56B 1.95B
Total Current Assets 2.15B 2.05B 2.13B 3.03B
Net Tangible Assets 2.76B 2.5B 3.05B 3.96B
Net Receivables 1.17B 1.01B 1.1B 1.62B
Accounts Payable 525.61M 459.39M 809.73M 1B


Insider Transactions

Here are the insider transactions of stock shares related to APCOTEX INDUSTRIES:

Filer Name Transaction Text Ownership Date Filer Relation Shares
Gauriputra Investments And Trading Company Private LimitedAcquisition at price 7.66 per share.D2022-05-25Promoter1.28k
Gauriputra Investments And Trading Company Private LimitedAcquisition at price 8.46 per share.D2022-05-24Promoter380
Gauriputra Investments And Trading Company Private LimitedAcquisition at price 6.98 per share.D2022-05-16Institution- Corporation490
Gauriputra Investments And Trading Company Private LimitedAcquisition at price 7.23 per share.D2022-05-12Promoter450
Cons Holdings Ltd.Acquisition at price 7.80 per share.D2022-05-10Promoter2k
Gauriputra Investments And Trading Company Private LimitedAcquisition at price 7.93 per share.D2022-05-10Promoter400
Balasesh Leafin Ltd.Acquisition at price 7.85 per share.D2022-05-09Promoter16.31k
Cons Holdings Ltd.Acquisition at price 7.87 per share.D2022-05-09Promoter3.09k
Gauriputra Investments And Trading Company Private LimitedAcquisition at price 7.38 per share.D2022-05-06Promoter900
Gauriputra Investments And Trading Company Private LimitedAcquisition at price 7.61 per share.D2022-05-04Promoter860
Choksey (Atul Champaklal)Gift at price 0.00 per share.D2022-04-29Director (Non-Executive)23.01M
Jalan (Devanshi Anant Veer)Gift at price 0.00 per share.D2022-04-29UNREPORTED518.5k
Choksey (Alekha Abhiraj)Gift at price 0.00 per share.D2022-03-11Promoter259k
Choksey (Atul Champaklal)D2022-03-11Non Executive Chairman22.49M
Choksey (Atul Champaklal)D2022-03-11Non Executive Chairman518k
Choksey (Tarika Abhiraj)Gift at price 0.00 per share.D2022-03-11Promoter259k
Choksey (Biyash Abhiraj)Gift at price 0.00 per share.D2022-02-22Promoter86k
Jalan (Devanshi Anant Veer)Gift at price 0.00 per share.D2022-02-22Promoter86k
Choksey (Biyash Abhiraj)Gift at price 0.00 per share.D2022-02-11Promoter173k
Jalan (Devanshi Anant Veer)Gift at price 0.00 per share.D2022-02-11Promoter173k
Choksey (Amit) HUFSale at price 0.00 per share.D2021-12-27Promoter102.85k
Doshi (Namrata Nihal)Acquisition at price 0.00 per share.D2021-12-27Promoter102.85k
Mazda Colours LtdSale at price 4.58 per share.D2021-12-24Promoter28k
Mazda Colours LtdAcquisition at price 4.26 per share.D2021-05-11Promoter16k
Mazda Colours LtdAcquisition at price 2.44 per share.D2021-03-26Institution- Corporation12k
Choksey (Abhiraj Atul) HUFD2020-11-03Promoter2.3k
Choksey (Atul Champaklal)D2020-11-03Non Executive Chairman5.64k
Choksey (Parul Atul)D2020-11-03Promoter3.16k
Jalan (Devanshi Anant Veer)D2020-11-03Promoter2.48k
Choksey (Abhiraj Atul)D2020-09-09Managing Director1.06M
Choksey (Abhiraj Atul) HUFD2020-09-09Promoter5.21k
Choksey (Atul Champaklal)Acquisition at price 1.99 per share.D2020-09-09Non Executive Chairman20.84k
Choksey (Parul Atul)D2020-09-09Promoter2k
Choksey (Parul Atul)Acquisition at price 1.88 per share.D2020-09-08Promoter3k
Choksey (Abhiraj Atul)D2020-08-19Managing Director3k
Choksey (Parul Atul)D2020-08-19Promoter7k
Jalan (Devanshi Anant Veer)D2020-08-19Promoter3.42M
Choksey (Abhiraj Atul) HUFAcquisition at price 1.80 per share.D2020-08-18Promoter26.93k
Choksey (Abhiraj Atul)Acquisition at price 1.73 per share.D2020-08-17Managing Director5.25k
Choksey (Abhiraj Atul)D2020-08-17Managing Director3k
Choksey (Abhiraj Atul)D2020-03-31Managing Director23.21M
Choksey (Atul Champaklal)D2020-03-26Non Executive Chairman19.9k
Choksey (Atul Champaklal)I2020-03-26Non Executive Chairman
Choksey (Parul Atul)Acquisition at price 0.00 per share.D2020-03-18Promoter10.5k
Apco Enterprises, LtdD2020-03-12Promoter73.65k
Choksey (Atul Champaklal)D2020-03-12Non Executive Chairman4.76M
Choksey (Abhiraj Atul)D2020-03-02Promoter4.14M
Choksey (Parul Atul)D2020-03-02Promoter4.46M
Apco Enterprises, LtdD2018-09-18Promoter112.35k
Choksey (Abhiraj Atul)D2018-03-27Managing Director883.16k
Choksey (Atul Champaklal)D2018-03-27Non Executive Chairman1.64M

Insider transaction explanations

Insider buying is the legal purchase of shares by a senior executive or director of a company. "Filer Name" corresponds to the name of the stock buyer or seller. "Transaction Text" describes the transaction. "Ownership" gives information about the transaction type. "Date" is the reported transaction date. "Filer Relation" gives the role of the insider in the company. "Shares" is the value of the transaction. You will find the complete description of the General Transaction Codes on the SEC dedicated page


Investment strategy backtesting

These are the result of three automatic investment systems applied to APCOTEX INDUSTRIES. You will find the performance of an systematic investment system, a momentum strategy, and a buy the dip trading strategy.


Systematic investment results on APCOTEX INDUSTRIES

Here is the result of two systematic investment strategies applied to APCOTEX INDUSTRIES. The first strategy automatically buys the first day of the month, and the second strategy buys the fifteenth day of the month.

Systematic investment equity curve on APCOTEX INDUSTRIES

The following chart shows the equity curve of the two systematic investment strategies applied to APCOTEX INDUSTRIES:

APCOTEX INDUSTRIES automated entries

The systematic investment strategy that buys the first day of the month would give a performance of 192.76% on the backtest period.

Performance at glance

Performance

192.76 %

Latent gain

5755.97 ₹

Invested capital

2986.03 ₹

Annualized return

45.68 %
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Momentum strategy results on APCOTEX INDUSTRIES

This is the result of two momentum investment strategies applied to APCOTEX INDUSTRIES. The first strategy uses a momentum signal calculated on one quarter, and the second uses a momentum signal calculated on two quarters.

Momentum entry openings on APCOTEX INDUSTRIES

The following chart shows all the entries opened by the momentum investment system on APCOTEX INDUSTRIES:

APCOTEX INDUSTRIES momentum entries
  • The first momentum investment strategy would give 200.41% of return on APCOTEX INDUSTRIES. That represents 10497.54₹ of latent gain with 5238.06₹ of employed capital.
  • The second momentum investment strategy would give 179.74% of return on APCOTEX INDUSTRIES. That represents 4868.02₹ of latent gain with 2708.38₹ of employed capital.
Performance at glance (1Q Momentum)

Performance

200.41 %

Latent gain

10497.54 ₹

Invested capital

5238.06 ₹

Annualized return

37.43 %
Performance at glance (2Q Momentum)

Performance

179.74 %

Latent gain

4868.02 ₹

Invested capital

2708.38 ₹

Annualized return

48.06 %

Momentum equity curve on APCOTEX INDUSTRIES

The following chart shows the equity curve of the two momentum strategies applied to APCOTEX INDUSTRIES:

APCOTEX INDUSTRIES momentum equity

Note: the dividends potentially given by APCOTEX INDUSTRIES are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on APCOTEX INDUSTRIES

The following chart shows the employed capital evolution of the two momentum strategies on APCOTEX INDUSTRIES since the beginning:

APCOTEX INDUSTRIES

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250₹, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000₹.


Buy the dip strategy result on APCOTEX INDUSTRIES

Buy the dip entry openings on APCOTEX INDUSTRIES

APCOTEX INDUSTRIES

The performance achieved by the robo-advisor on APCOTEX INDUSTRIES is 83.1%. That represents 264.5$ of latent gain with 318.3₹ of employed capital. The following chart shows APCOTEX INDUSTRIES stock price with all the entries opened by the automated investment system.

Note: The blue line represents the weekly stock price of APCOTEX INDUSTRIES, and the green triangles represent the entry openings. The artificall robo-advisor needs at least 100 weeks of trading history to work.

Performance at glance

Performance

83.1 %

Latent gain

264.5 ₹

Invested capital

318.3 ₹

Annualized return

37.43 %

Equity curve of the strategy applied to APCOTEX INDUSTRIES

The following chart shows the result of the investment strategy applied to APCOTEX INDUSTRIES:

APCOTEX INDUSTRIES

Note: the dividends potentially given by APCOTEX INDUSTRIES are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on APCOTEX INDUSTRIES

The following chart shows the employed capital evolution since the beginning of the investment strategy on APCOTEX INDUSTRIES:

APCOTEX INDUSTRIES

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Investment strategies comparison on APCOTEX INDUSTRIES

In this section, I will compare the three previous investment strategies applied to APCOTEX INDUSTRIES.

Equity curve comparison on APCOTEX INDUSTRIES

The following chart shows the equity curve of the artificall advisor, the trend folowing and the automatic investment strategies:

APCOTEX INDUSTRIES investment strategy comparison

Employed capital comparison on APCOTEX INDUSTRIES

APCOTEX INDUSTRIES investment comparison

Performance comparison on APCOTEX INDUSTRIES

Strategy Latent Profit Growth Employed capital CAGR
Automatic investment 192.76% 5755.97₹ 2986.03₹ 45.68%
Momentum 1 quarter 200.41% 10497.54₹ 5238.06₹ 50.35%
Momentum 2 quarters 179.74% 4868.02₹ 2708.38₹ 48.06%
Non-directional 83.1% 264.5₹ 318.3₹ 37.43%
Annualized return comparison

Automatic investment

45.68 %

Momentum 1Q

48.06 %

Momentum 2Q

48.06 %

Non-directional

37.43 %

Correlated stocks

Here are the most positively and negatively correlated stocks with APCOTEX INDUSTRIES:

Positive correlations

Most correlated stocks this year


Most correlated stocks last 3 months

Negative correlation

Most negatively correlated stocks this year


Most negatively correlated stocks last 3 months

Note: The algorithm computes the probability of correlation between APCOTEX INDUSTRIES and the other stocks. There may be false positives or some missing correlated stocks. If the price of APCOTEX INDUSTRIES does not vary for 36 weeks, the correlation calculation result will be wrong.


Company information

Company name APCOTEX INDUSTRIES
Country India
City Mumbai
Address N. K. Mehta International House
Phone 91 22 2283 8302
Website www.apcotex.com
FullTime employees 483
Industry Specialty Chemicals
Sector Basic Materials
Exchange XNSE
Ticker APCOTEXIND.XNSE
Market

APCOTEX INDUSTRIES ESG Scores

Environment scores

Environment ESG Factors Scores
Environment Score 0
Peer Environment Performance unknown
Environment Percentile unknown
Palm Oil unknown
Nuclear unknown
Fur Leather unknown
GMO unknown
Coal unknown
Pesticides unknown
Animal Testing unknown

Social scores

Social ESG Factors Scores
Social Score 0
Peer Social Performance unknown
Social Percentile unknown
Highest Controversy unknown
Peer Highest Controversy Performance unknown
Adult unknown
Gambling unknown
Alcoholic unknown
Tobacco unknown
Catholic unknown
Controversial Weapons unknown
Small Arms unknown
Military Contract unknown
Peer Count unknown

Related Controversy:


Governance scores

Governance ESG Factors Scores
Governance Score 0
Peer Governance Performance unknown
Governance Percentile unknown

ESG at glance
Total ESG Scores: unknown
Environment Score: 0
Social Score: 0
Governance Score: 0

ESG Performance: unknown

Peer Group: unknown

Peer Esg Score Performance: unknown

Rating Year: unknown

Rating Month: unknown

Max Age: unknown

Percentile: unknown