Apcotex

Navi Mumbai, India Founded: 1980 • Age: 46 yrs Listed
Synthetic rubber and latex products are manufactured for industrial applications.
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About Apcotex

Apcotex is a publicly listed company based in Navi Mumbai (India) founded in 1980 by Atul C Choksey. Synthetic rubber and latex products are manufactured for industrial applications. The company has 501 employees. Apcotex has completed 1 acquisition, including OMNOVA. Its chief executive, as recorded, is Abhiraj Choksey. Its Indian entity Apcotex Industries Limited reported revenue of ₹1,464 Cr. Apcotex offers products and services including Synthetic Rubber and Synthetic Latex. Its focus areas include Chemicals and Materials, Polymers and Synthetic Rubber.

Company details

Apcotex was founded in 1980 and is headquartered in Navi Mumbai, India. Synthetic rubber and latex products, including VP latex, carboxylated and non-carboxylated SB latexes, acrylic latexes, nitrile latex, and high styrene synthetic rubbers, are produced. These materials are utilized in sectors such as construction, automotive components, footwear, textiles, printing, and paper coating. Operations focus on supplying to industries like hoses, gaskets, tyre cord, industrial rollers, and carpet backing.

  • Headquarters Navi Mumbai, India
  • Employees 501
  • Founders Atul C Choksey
  • Stage Public
  • Sectors
    Chemicals & Materials
  • Email
    ••••••••
  • Phone
    •••• ••••
  • Website apcotex.com
  • Social LinkedIn X
  • Legal Name Apcotex Industries Ltd
Operational Areas
Chemicals & Materials → Polymers & Plastics
Key Metrics
  • Market Cap
    ₹2,510 Cr

    APCOTEXIND · NSE

  • Share Price
    ₹484.05

    -0.75% today

  • Revenue
    ₹296 Cr

    FY 2015-16 · -16.5% YoY

  • EBITDA
    ₹40.04 Cr

    Margin 13.5%

  • Net Profit
    ₹34.96 Cr

    FY 2015-16 · +62.3% YoY

  • P/E (TTM)
    23.2x

    P/B 4.4x

  • ROE
    24.4%

    ROCE 19.5%

  • Debt / Equity
    0.20

    Interest cover 9.9x

  • Employee Count
    501
  • Investments & Acquisitions
    OMNOVA

Products & Services of Apcotex

Apcotex offers a comprehensive portfolio of products and services, including Synthetic Rubber and Synthetic Latex.

Synthetic Rubber
Chemical Products

Synthetic rubber such as NBR is produced for industrial uses in sectors like textiles and tyres

Synthetic Latex
Chemical Products

Synthetic latex including SB Latex and NBR Latex is manufactured for applications in paper, construction, and waterproofing

Board of directors of Apcotex Industries Limited (Apcotex)

Apcotex Industries Limited is the primary company behind Apcotex. The board of Apcotex Industries Limited currently have 9 directors; the longest-serving is Atul Champaklal Choksey, appointed in 1991. 20 earlier directors have ceased.

DirectorDesignationAppointedTenureEntity
Atul Champaklal Choksey
DIN 00002102
Director23 Jan 199135 yrs 9 moApcotex Industries Limited
Amit Champaklal Choksey
DIN 00001470
Director21 Nov 199728 yrs 11 moApcotex Industries Limited
Abhiraj Atul Choksey
DIN 00002120
Managing Director26 Nov 200223 yrs 11 moApcotex Industries Limited
Udayan Dileep Choksi
DIN 02222020
Director27 Jul 20188 yrs 3 moApcotex Industries Limited
Ravishankar Lakshmanan Sharma
DIN 08739672
Whole-time director21 May 20206 yrs 5 moApcotex Industries Limited
Achala Vasudev Danait
DIN 08730270
Director26 Jul 20233 yrs 3 moApcotex Industries Limited
Priti Paras Savla
DIN 00662996
Director23 Jan 20242 yrs 9 moApcotex Industries Limited
Dinanath Narcinva Prabhukholkar
DIN 03089626
Director17 Jun 20242 yrs 4 moApcotex Industries Limited
Rajendra Kishore Mariwala
DIN 00007246
Director01 Feb 20251 yr 9 moApcotex Industries Limited

People of Apcotex

8 people are tracked at Apcotex (7 in leadership, 1 in team); the tracked headcount is 501.

NameRoleGroup
Atul C Choksey
FounderLeadership
Abhiraj Choksey
CEO & Managing DirectorLeadership
Vivek Thakur
Chief Financial OfficerLeadership
Subhra Mohanty
Chief Technology OfficerLeadership
Balabhadra Samantara
General Manager Engineering And ProjectLeadership
Jeevan Mondkar
Company Secretary And Head LegalLeadership
Vikas Agale
Head - Sales MarketingLeadership
Rajesh Krishnagandh
Executive In Sales And MarketingTeam
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Complete people profiles for Apcotex

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IPO & Listings of Apcotex

Apcotex is a publicly listed company on the NSE with ticker symbol APCOTEXIND in India, operating in the Process industries sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.

  • IPO date08 Jan 1999
  • Listed onBSE: 523694
  • Listed entityApcotex Industries Ltd
  • Exchange sectorProcess industries
  • ISININE116A01032
  • Share price₹603.25 (+0.32% on the day) · 2026-10-14
  • Market capitalisation₹3,117 Cr
  • Price to earnings19.4
  • EPS (diluted, trailing year)₹31.09
  • Dividend yield1.33%
  • Volume (last session)37,927

Financials of Apcotex

Exchange-reported figures of Apcotex Industries Limited, the listed company behind Apcotex (NSE: APCOTEXIND).

Financial Highlights

FY 2015-16 · Consolidated
Revenue
₹296 Cr
-16.5% YoY
EBITDA
₹40.04 Cr
-5.2% YoY
Profit After Tax
₹34.96 Cr
+62.3% YoY
Net Worth
₹187 Cr
+87.7% YoY
Total Assets
₹216 Cr
+61.3% YoY
Total Debt
₹25.42 Cr
-18.2% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2015-16FY 2014-15
Income statement
Revenue296355
Revenue growth-16.5%-
EBITDA40.0442.24
EBITDA margin+13.5%+11.9%
Profit before tax35.8734.83
Net profit34.9621.54
Net profit margin+11.8%+6.1%
EPS (₹)17.6022.21
Balance sheet
Total assets216134
Net worth18799.75
Total debt25.4231.09
Cash & bank9.814.43
Net working capital80.0637.08
Cash flow
Cash from operations(18.26)32.00
Cash from investing40.20(7.56)
Cash from financing(16.84)(26.03)
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue1,4421,3921,1251,080957541496
Revenue growth+3.5%+23.8%+4.1%+12.9%+77.0%+9.0%-
EBITDA17312511415914069.8834.46
EBITDA margin+12.0%+9.0%+10.1%+14.7%+14.6%+12.9%+7.0%
Profit before tax13576.2574.5214613056.7524.57
Net profit10053.6953.8310898.6044.0115.99
Net profit margin+7.0%+3.9%+4.8%+10.0%+10.3%+8.1%+3.2%
EPS (₹)19.5610.4310.3920.8219.068.523.21
Balance sheet
Total assets733751720638456327307
Net worth621553522476396305251
Total debt96.3918918815250.2714.5949.03
Cash & bank45.9739.0424.2322.358.8915.0216.01
Net working capital23725922215514785.3999.98
Cash flow
Cash from operations20384.7240.2112147.5475.2236.32
Cash from investing(57.41)(28.75)(19.64)(179)(67.06)(36.89)(42.12)
Cash from financing(141)(44.49)(12.99)70.7811.93(46.26)6.75
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue499526398331337376349355
Revenue growth (YoY)+48.2%+39.9%+13.8%-6.7%-4.1%+11.6%--
Other income4.522.816.723.2710.352.640.934.67
Total expenses441409343293296337311328
EBITDA58.3311754.6738.7540.6038.6038.4627.07
EBITDA margin+11.7%+22.3%+13.8%+11.7%+12.1%+10.3%+11.0%+7.6%
Depreciation12.8013.1114.0112.2712.0211.2610.5310.66
Interest2.552.152.392.202.963.654.384.65
Profit before tax47.5010544.9927.5535.9726.3324.4816.43
Tax12.6625.7110.245.3310.697.177.724.87

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 10 Nov 2026
ParticularsFY 2015-16FY 2014-15
Revenue296355
Revenue growth-16.5%-
Other income8.285.58
Total expenses256313
Employee cost17.0814.10
EBITDA40.0442.24
EBITDA margin+13.5%+11.9%
Depreciation9.408.98
Interest3.054.01
Profit before tax35.8734.83
Tax(2.65)10.15
Net profit34.9621.54
Net profit margin+11.8%+6.1%
EPS (₹)17.6022.21
ParticularsFY 2015-16FY 2014-15
Equity & liabilities
Share capital10.415.22
Reserves & surplus17794.53
Shareholders' funds (net worth)18799.75
Minority interest0.000.00
Secured loans25.4231.09
Unsecured loans0.000.00
Total debt25.4231.09
Total liabilities216134
Assets
Gross block189122
Net block89.8563.25
Capital work in progress4.891.88
Investments17.8130.76
Inventories43.3415.22
Sundry debtors83.8448.70
Cash & bank balances9.814.43
Loans & advances15.129.85
Total current assets15278.20
Total current liabilities72.0541.12
Net working capital80.0637.08
Total assets216134
ParticularsFY 2015-16FY 2014-15
Opening cash3.725.31
Net cash from operating activities(18.26)32.00
Net cash from investing activities40.20(7.56)
Net cash from financing activities(16.84)(26.03)
Net change in cash5.10(1.58)
Closing cash9.814.43
ParticularsFY 2015-16FY 2014-15
Growth
Sales growth-16.5%-
EBITDA growth-5.2%-
PBT growth+3.0%+9997.0%
Net income growth+62.3%-
Profitability & leverage
Net income margin+13.0%+7.0%
Return on capital employed+19.5%+25.7%
Return on net worth+24.4%+21.6%
Debt / equity0.200.31
Long-term debt / equity0.030.08
Interest cover9.9512.06
Efficiency & per share
Fixed asset turnover2.123.23
Inventory turnover11.2825.81
Debtors turnover4.988.07
EPS (₹)17.6022.21
Dividend per share (₹)4.507.00
Book value per share (₹)89.9495.48
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue499526398331337376349355
Revenue growth (YoY)+48.2%+39.9%+13.8%-6.7%-4.1%+11.6%--
Other income4.522.816.723.2710.352.640.934.67
Total expenses441409343293296337311328
EBITDA58.3311754.6738.7540.6038.6038.4627.07
EBITDA margin+11.7%+22.3%+13.8%+11.7%+12.1%+10.3%+11.0%+7.6%
Depreciation12.8013.1114.0112.2712.0211.2610.5310.66
Interest2.552.152.392.202.963.654.384.65
Profit before tax47.5010544.9927.5535.9726.3324.4816.43
Tax12.6625.7110.245.3310.697.177.724.87
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue1,4421,3921,1251,080957541496
Revenue growth+3.5%+23.8%+4.1%+12.9%+77.0%+9.0%-
Other income22.9910.387.727.297.895.195.93
Total expenses1,2691,2681,011921817471462
Employee cost96.5074.5065.3256.4050.8743.0739.40
EBITDA17312511415914069.8834.46
EBITDA margin+12.0%+9.0%+10.1%+14.7%+14.6%+12.9%+7.0%
Depreciation49.5641.5831.5415.2314.0914.5113.40
Interest11.2117.3215.615.063.253.812.42
Profit before tax13576.2574.5214613056.7524.57
Tax33.4322.1920.6437.5831.5512.587.97
Net profit10053.6953.8310898.6044.0115.99
Net profit margin+7.0%+3.9%+4.8%+10.0%+10.3%+8.1%+3.2%
EPS (₹)19.5610.4310.3920.8219.068.523.21
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital10.3710.3710.3710.3710.3710.3710.37
Reserves & surplus611543511466386295241
Shareholders' funds (net worth)621553522476396305251
Secured loans92.9618518315250.1214.3949.03
Unsecured loans3.434.555.580.000.150.200.00
Total debt96.3918918815250.2714.5949.03
Total liabilities733751720638456327307
Assets
Gross block556533501470228205171
Net block364386386385157145125
Capital work in progress11.2711.947.8812.3338.6011.5619.35
Investments11710611187.9697.5282.3854.43
Inventories12813812510587.1255.8359.67
Sundry debtors24425420313716210589.07
Cash & bank balances45.9739.0424.2322.358.8915.0216.01
Loans & advances54.2954.9351.5143.2230.3723.5319.42
Total current assets473486404308288199184
Total current liabilities23622718215314111484.19
Net working capital23725922215514785.3999.98
Total assets733751720638456327307
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash49.1437.6630.0717.2724.8632.7931.84
Net cash from operating activities20384.7240.2112147.5475.2236.32
Net cash from investing activities(57.41)(28.75)(19.64)(179)(67.06)(36.89)(42.12)
Net cash from financing activities(141)(44.49)(12.99)70.7811.93(46.26)6.75
Net change in cash5.1511.497.5912.80(7.59)(7.93)0.95
Closing cash45.9739.0424.2322.358.8915.0216.01
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+3.5%+23.8%+4.1%+12.9%+77.0%+9.0%-
EBITDA growth+38.4%+9.5%-28.1%+13.4%+100.1%+102.8%-
PBT growth+76.8%+2.3%-48.8%+11.6%+129.7%+131.0%-60.2%
Net income growth+86.9%-0.3%-50.1%+9.3%+124.0%+175.2%-
Revenue CAGR (3Y)+10.1%+13.3%+27.7%+29.6%+15.2%+0.9%+8.5%
EBITDA CAGR (3Y)+2.9%-3.7%+17.7%+66.3%+26.4%+3.2%+5.4%
Profitability & leverage
Net income margin+7.0%+3.9%+4.8%+10.0%+10.3%+8.2%+3.4%
Return on capital employed+19.7%+12.7%+13.3%+27.5%+34.1%+19.1%+9.1%
Return on net worth+17.3%+10.1%+10.8%+24.8%+28.2%+15.9%+6.3%
Debt / equity0.240.350.340.230.090.110.10
Long-term debt / equity0.080.150.220.170.050.050.04
Interest cover9.1120.8218.943.532.596.8811.49
Efficiency & per share
Fixed asset turnover2.652.692.323.094.422.873.53
Inventory turnover10.8410.609.7711.2413.399.369.20
Debtors turnover5.786.096.617.237.185.584.95
EPS (₹)19.5610.4310.3920.8219.068.523.21
Dividend per share (₹)8.006.505.505.505.003.503.00
Book value per share (₹)119.78106.70100.6491.8176.4158.9148.47

Investments & Acquisitions by Apcotex

Apcotex has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include OMNOVA.

Acquisitions
Company NameDescriptionDomainLocationFoundedAcquiredAmount
OMNOVA
Coated fabrics, performance films, and decorative laminates are manufactured.
omnova.comBeachwood, United States1999Feb 2016$5.3M
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Timeline of Apcotex

3 dated milestones of Apcotex across 36 years, from founding to its latest funding, stage changes and deals.

  1. Founded Apcotex is founded.
  2. IPO Lists on the stock exchange (IPO).
  3. Acquisition Acquires OMNOVA.

Web traffic of Apcotex

The website of Apcotex (apcotex.com) receives about 4.8K visits a month.

  • Monthly visits
    4.8K

    ▲ 20.4% vs previous month

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Top companies in Polymers & Plastics

3 companies that operate in the same segment as Apcotex (Polymers & Plastics) in India, ranked by their profile score on The Company Check.

CompanyDescriptionFoundedLocationTotal fundingRevenueEmployees
Polyplex
Thin PET films are manufactured for industrial applications worldwide.
1984Noida, Uttar Pradesh, IndiaUSD 754.18 M1,022
Sheela Group
Manufacturer of mattress and foam products
1971Noida, Uttar Pradesh, IndiaUSD 406.72 M4,620
The Badve Group
Manufacturing of automotive components and white goods in India.
1989Pune, Maharashtra, India
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Related news about Apcotex

APCOTEXIND: Q2 EBITDA 583M RUPEES VS 406M (YOY); Q2 EBITDA MARGIN 11.7% VS 12.06% (YOY)
Exchange Update • 13 days ago
APCOTEXIND: Q2 SL NET PROFIT 348M RUPEES VS 253M (YOY); Q2 REVENUE 5B RUPEES VS 3.37B (YOY)
Exchange Update • 13 days ago
APCOTEXIND: Record quarterly results with robust margins and strong domestic growth despite export challenges
Quartr • 3 months ago
APCOTEXIND: Q1 FY27 delivered record revenue and profit growth, with EBITDA margin surging to 22.28%
Quartr • 3 months ago
APCOTEXIND: Q1 FY27 revenue and profit surged, with EPS more than doubling sequentially
Quartr • 3 months ago
APCOTEXIND: FY26 net profit surged 87.5% year-over-year on record sales, margin gains, and strong cash flow
Quartr • 6 months ago
APCOTEXIND: Record FY 2026 profit and volumes, strong margins, and robust cash position despite volatility
Quartr • 6 months ago
APCOTEXIND: Record sales and profit growth in FY 2026, with robust margins and high capacity utilization
Quartr • 6 months ago
APCOTEXIND: Net profit rose 87.5% YoY on record sales, margin gains, and robust export growth
Quartr • 6 months ago
APCOTEXIND: Net profit and revenue rose sharply year-over-year, with a higher dividend and solar investment
Quartr • 6 months ago
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Frequently Asked Questions about Apcotex

Apcotex was founded in 1980.

Apcotex is headquartered in Navi Mumbai, India. It is registered at Navi Mumbai, Maharashtra, India.

Abhiraj Choksey is the CEO of Apcotex, as recorded in our data.

Apcotex has 501 employees.

The primary company behind Apcotex, Apcotex Industries Limited, reported revenue of ₹1,464 Cr for FY 2026, up 4% year on year.

Apcotex was founded in 1980 and is headquartered in Navi Mumbai, India. Synthetic rubber and latex products, including VP latex, carboxylated and non-carboxylated SB latexes, acrylic latexes, nitrile latex, and high styrene synthetic rubbers, are produced. These materials are utilized in sectors such as construction, automotive components, footwear, textiles, printing, and paper coating. Operations focus on supplying to industries like hoses, gaskets, tyre cord, industrial rollers, and carpet backing.

Apcotex offers Synthetic Rubber and Synthetic Latex.

Yes, Apcotex is publicly traded on NSE under the ticker symbol APCOTEXIND.

Apcotex has made 1 acquisition, including OMNOVA.

Apcotex operates through Apcotex Industries Limited.

The legal entities of Apcotex currently have 11 directors, including Abhiraj Atul Choksey, Ravishankar Lakshmanan Sharma, Udayan Dileep Choksi and others.

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