Risk factor
Poor trading liquidity
Profitability factor
Good growth
About
Headquartered in Mumbai, India, Apcotex Industries Limited is a prominent producer and supplier of synthetic emulsion polymers. Founded in 1980, the company operated as Apcotex Lattices Limited until its rebranding in 2005. Its extensive product range encompasses various synthetic latexes, including carboxylated styrene butadiene, styrene acrylic, vinyl pyridine, and nitrile latexes, which are integral to applications like tire cord dipping, paper and paperboard coatings, carpet backing, concrete modification, waterproofing, non-wovens, textile finishing, paints, and gloves. Furthermore, Apcotex manufactures synthetic rubber products such as nitrile, NBR polyblend and powder, and high styrene rubber, serving critical uses in footwear, automotive components, rice rollers, molded items, V-belts, and conveyor belts. The company also actively exports its offerings to global markets.
Company Valuation
Based on key historical and expected multiples, the stock is fairly valued relative to its peers. Specifically, the stock is fairly valued on P/E, neutral on EV/EBITDA, r
Target Price
The average target price of APCOTEXIND.NS is 700 and suggests 24.8% upside potential. Usually, this means a BUY recommendation among investment firms, or a recommendation