Apcotex Industries Limited (APCOTEXIND) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of Apcotex Industries Limited stock ₹533, price ₹484, upside +10.1%, quality 75 out of 100. Rating: fairly valued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 8, 2026.
How to read this chart
60‑month range ₹280.61 – ₹681.60 · fair‑value band ₹348.10 – ₹693.05 · the ₹484.05 price screens below the ₹533.12 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 8, 2026.
Follow Apcotex Industries in your weekly email
Every Wednesday you see whether Apcotex Industries is on track or worth a review, plus price against fair value. Free, up to 3 stocks.
We send you a confirmation link. Unsubscribe with one click.
Apcotex Industries Limited manufactures and sells specialty emulsion polymers in India and internationally.
Show moreShow less
The company offers synthetic rubber products, including nitrile butadiene rubber (NBR), NBR-PVC polyblends, high styrene rubber (HSR), and powdered nitrile butadiene rubber (PNBR); synthetic latexes, such as styrene-butadiene latex, nitrile latex, vinyl pyridine latex, pure acrylic and styrene acrylic latex, specialty NBR latex, XSB latex, and XNB latex; and B2C products under the ApcoBuild brand.
Its products are used in automotive parts and components, hoses, rice dehusking rollers, LPG hoses, textile rollers, friction sheets, industrial rollers, fuel management systems, footwear, microcellular sheets, hard rubber goods, PVC modification, adhesives, coatings, gasketing, waterproofing, bonding agents, elastomeric paints, paper coatings, carpet backing, textile finishing, geotextiles, examination and industrial gloves, supported gloves, tyre cord dipping, fibre-to-rubber adhesion in tyres and belting, paper and paperboard coatings, construction chemicals, tufted carpet backing, automotive carpets, and other industrial applications, as well as binders for cork sheets, jointing sheets, and friction lining materials.
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 based in Mumbai, India.
Stock analysis
Apcotex Industries Limited (APCOTEXIND) currently trades at ₹484.05, while our model-based Fair Value estimate is ₹533.12, so the stock looks roughly fairly valued today (gap 9.2%).
Show more
Valuation
Bull case: the DCF Models group reads highest at a median of ₹418.39 per share, and 1 of the 26 models we run sit above the ₹484.05 price.
Bear case: the Dividend Discount group reads lowest at ₹69.81, and 25 of the 26 models stay below the price. Data coverage for this calculation is high.
Scenario range: ₹348.10 (bear) to ₹693.05 (bull), the price of ₹484.05 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 75/100 (high quality), in the Basic Materials sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Apcotex Industries Limited reported revenue of ₹14.3B in FY2026 versus ₹9.5B in FY2022, a compound +10.7%/yr. Reported net income was ₹1.0B in FY2026, compounding +0.7%/yr from FY2022.
Key figures
Market cap ₹25.3B (≈ $269M) Micro · P/E ratio 15.6 · P/S ratio 1.59 · EPS (TTM) ₹31.09 · Dividend yield 1.4% · Net margin 10.1% · Return on equity 17.3% · Return on assets (EBIT) 17.4% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 64 out of 100 (low confidence).
What moves the price
The share trades about 29% below its 52-week high and 56% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −41% fair-value upside, at 10%, APCOTEXIND screens cheaper than that median.
Fair Value models
Bear₹348.10Fair Value ₹533.12Bull₹693.05
Price ₹484.05 · Upside +10.1%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2026 figures (about 7 months old). Earnings retained since then (₹14.85 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.100/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+2.5%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+10.1%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+21.5%
Start year 2021 (pandemic). Over 10 years: +17.1% a year
Revenue growth 20 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+15.9%
’15
’16
’17
’18
’19
’20
’21
’22
’23
’24
’25
’26
What shareholders gained per year (last 5 years), in INR ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Basis: EBIT basis. Measured in INR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
≈ +18.6%
Earnings growth per share plus dividend.
Earnings per share, growth per year+17.2%
Dividend (yield on the price)1.4%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.18.1% vs 11.2%, picking up
Profit margin 2021 to 2026 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.10% → 9%
Pace: the 5-year rate starts in 2021 (pandemic)
⚠ Rate on operating basis: 2026 sits 88% above its own trend.
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+15.4%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (India: IMF forecast 4.1% a year to 2030, 4.7% from 2016 to 2025) that is about +10.9% a year for the price.
Compare Apcotex Industries Limited with another stock
Price, fair value, quality and upside side by side.
Free, no sign-up
Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Specialty Chemicals · 756 stocks
Beats the industry median on 11/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score75 · Top 25%
Fair Value upside+10.1% · Above median
Profitability
Return on equity (12 months)17.3% · Top 25%
Return on assets10.3% · Top 25%
Net margin (12 months)10.1% · Above median
Operating margin (12 months)19.8% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)39.9% · Top 25%
Dividend yield (12 months)1.4% · Below median
Balance sheet
Debt / equity0.05× · Below median
Valuation Multiplesvs Specialty Chemicals median · lower = cheaper
P/E (12 months)15.6× · Cheaper than median
P/B4.07× · Priciest 25%
P/S (12 months)1.59× · Pricier than median
Price / free cash flow (fiscal year)16.8× · Cheaper than median
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Is Apcotex Industries Limited (APCOTEXIND) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of ₹533.12 versus a price of ₹484.05, about +10% upside (fairly valued).
What is the fair value of APCOTEXIND?
Our model-based fair value for Apcotex Industries Limited is ₹533.12 (as of Nov 8, 2026), built from audited fundamentals. The current price: ₹484.05.
What is the quality score of APCOTEXIND?
Apcotex Industries Limited has a Quality Score of 75/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Apcotex Industries Limited (APCOTEXIND)?
Our model-based price target is the fair value of ₹533.12 (as of Nov 8, 2026) from 26 valuation models. Cautious scenario ₹348.10, optimistic scenario ₹693.05. It is a calculation from audited fundamentals, not an analyst target.
What is the Apcotex Industries Limited stock forecast for 2026?
Our models put fair value at ₹533.12, about +10% upside versus a price of ₹484.05 (fairly valued). Cautious scenario ₹348.10, optimistic scenario ₹693.05. The calculation is refreshed regularly with new filings.
What is the revenue of Apcotex Industries Limited (APCOTEXIND)?
Apcotex Industries Limited reported trailing-twelve-month revenue of about ₹15.9B (latest available figure, as of Nov 8, 2026).
Does Apcotex Industries Limited pay a dividend?
Apcotex Industries Limited currently shows a dividend yield of 1.45% relative to its recent price (as of Nov 8, 2026).
How much is the dividend of Apcotex Industries Limited (APCOTEXIND) and when is the ex-dividend date?
Apcotex Industries Limited pays a dividend of ₹7.00 per share a year, a dividend yield of 1.4%. The last ex-dividend date was Jun 12, 2026. A dividend has been paid every year since 2008. The payout ratio is 22.5% of earnings. Free cash flow covers the dividend 4.15 times. Our assessment: Well covered. A low payout and the dividend is fully funded by free cash flow, a comfortable, sustainable dividend.
What growth is priced into Apcotex Industries Limited (APCOTEXIND)?
For today's price to be fair in a discounted-cash-flow model, Apcotex Industries Limited would have to grow free cash flow by +15.4 % per year for five years (discount rate 13.9 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +21.6 % per year. As of Nov 8, 2026.
What discount rate (WACC) does the fair value of APCOTEXIND use?
Our models discount Apcotex Industries Limited at 13.9 %: a base by market capitalisation (micro), damped by beta 0.28, country premium for India. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Apcotex Industries Limited that is +15.4 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (13.9 %) and the same formula as our fair value.
How much growth has Apcotex Industries Limited (APCOTEXIND) delivered so far?
Over the past 5 years revenue at Apcotex Industries Limited grew +21.6 % a year. The price currently implies free-cash-flow growth of +15.4 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Apcotex Industries Limited (APCOTEXIND) growing?
The median revenue growth in the sector is +8.7 % a year. That is the yardstick for the growth priced into Apcotex Industries Limited (+15.4 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Apcotex Industries Limited (APCOTEXIND)?
The free-cash-flow yield on the price is 6.00 %: that much free cash flow Apcotex Industries Limited produces per unit of market value. When it exceeds the discount rate of our models (13.9 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Apcotex Industries Limited (APCOTEXIND)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Apcotex Industries Limited it is ₹533.12 per share (as of Nov 8, 2026), against a price of ₹484.05. It is the blended result of 26 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Apcotex Industries Limited stock overvalued or undervalued in 2026?
As of Nov 8, 2026, APCOTEXIND trades below its calculated fair value: price ₹484.05, fair value ₹533.12, a gap of about +10% (fairly valued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of APCOTEXIND?
No. The price is what the market pays today (₹484.05); the fair value is what the company's own numbers justify (₹533.12). For Apcotex Industries Limited the two are ₹49.07 per share apart. That gap is exactly why we show both numbers side by side.
How much is Apcotex Industries Limited worth?
The market values Apcotex Industries Limited at about ₹25.3B (market capitalisation, as of Nov 8, 2026). Per share that is ₹484.05; our models calculate a fair value of ₹533.12 per share.
What do the bullish and bearish scenarios say about APCOTEXIND?
Our models span a range for Apcotex Industries Limited: cautious scenario ₹348.10, base ₹533.12, optimistic ₹693.05 per share (as of Nov 8, 2026, price ₹484.05). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of APCOTEXIND?
Apcotex Industries Limited trades at a price-to-earnings ratio of 15.6 (as of Nov 8, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹533.12 is built from several models across several years. Median P/E at fiscal year-end, 7 fiscal years (2020 to 2026), reported earnings, FY2026 ex one-offs: 23.4. Other multiples: P/B 4.1, P/S 1.6, EV/EBITDA 9.8.
How solid is the balance sheet of Apcotex Industries Limited (APCOTEXIND)?
Balance-sheet figures for Apcotex Industries Limited (as of Nov 8, 2026): return on equity 17.3%, debt of 0.05 per unit of equity. They feed the Quality Score of 75/100, which measures business quality independently of the share price.
How far is APCOTEXIND from its 52-week high?
Apcotex Industries Limited trades at ₹484.05, about 29% below its 52-week high of ₹681.60 and 56% above the low of ₹310.79 (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of ₹533.12 is for.
Which stocks are comparable to Apcotex Industries Limited?
From the same area (Basic Materials) we also value Linde plc, Ecolab Inc, The Sherwin-Williams Company, Air Products and Chemicals, Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Apcotex Industries Limited stock attractive at the current price?
The data as of Nov 8, 2026: price ₹484.05, calculated fair value ₹533.12 (+10%), Quality Score 75/100, from 26 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of APCOTEXIND calculated?
We run Apcotex Industries Limited through 26 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of ₹533.12 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 15.1% above its aggregate fair value. Apcotex Industries Limited currently trades 9% below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Apcotex Industries Limited (APCOTEXIND)?
The closing price on Nov 9, 2026 was ₹484.05. Our model-based fair value is ₹533.12, about +10% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Apcotex Industries Limited right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. A fairly wide model range (₹348.10 to ₹693.05) leaves room in how you read the outcome.
Where does the earnings growth of Apcotex Industries Limited (APCOTEXIND) come from?
Earnings per share at Apcotex Industries Limited grew +8.8 % a year from 2015 to 2026. Broken into its drivers: revenue per share +16.0 %, EBIT margin +3.6 %, tax rate −1.8 %, residual (interest, one-offs) −7.9 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Apcotex Industries Limited
How large is the market capitalisation of Apcotex Industries Limited (APCOTEXIND)?
The market capitalisation of Apcotex Industries Limited is ₹25.3B (≈ $269M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Apcotex Industries Limited (APCOTEXIND)?
The price-to-sales ratio of Apcotex Industries Limited is 1.59 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Apcotex Industries Limited (APCOTEXIND)?
Earnings per share at Apcotex Industries Limited are ₹31.09 (price ÷ EPS = P/E 15.6). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Apcotex Industries Limited (APCOTEXIND)?
The dividend yield of Apcotex Industries Limited is 1.4% (payout 22.5%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Apcotex Industries Limited (APCOTEXIND)?
The net margin of Apcotex Industries Limited is 10.1% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Apcotex Industries Limited (APCOTEXIND)?
The return on equity (ROE) of Apcotex Industries Limited is 17.3% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Apcotex Industries Limited (APCOTEXIND)?
On an EBIT basis the return on assets of Apcotex Industries Limited is 17.4% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Apcotex Industries Limited (APCOTEXIND)?
The operating margin of Apcotex Industries Limited is 19.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Apcotex Industries Limited (APCOTEXIND)?
Revenue at Apcotex Industries Limited is growing +39.9% versus a year earlier (3y avg +10.1%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Apcotex Industries Limited (APCOTEXIND)?
Earnings per share at Apcotex Industries Limited are growing +312% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Apcotex Industries Limited (APCOTEXIND) carry?
The net debt of Apcotex Industries Limited is ₹504M (fiscal year 2026, ≈ 0.3 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
Free · no account needed
Watch Apcotex Industries Limited in the live analysis
One click puts Apcotex Industries Limited on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 27,000+ stock screener.
Broad data
Nov 8, 2026