Company Overview

Apcotex Industries Ltd is a leading producer of Synthetic Rubber (Nitrile Rubber, High Styrene Rubber, Nitrile Polyblends and Nitrile Powder) and Synthetic Latex (XSB Latex, VP Latex, Styrene Acrylics and Nitrile Latex) in India. The company has one of the broadest ranges of Emulsion Polymers available in the market today.

Market Position and Listing Status

  • Listed on both BSE and NSE
  • Market capitalization of INR 16,276.73 Mn as on 31st March 2026
  • Part of Top 10 Indian companies on "Forbes Asia Best Under A Billion 2023" list
  • Workforce strength of over 550 full-time employees

Manufacturing Facilities and Capacity

  • Taloja Facility, Maharashtra: 1,03,000 MTPA Synthetic Latex, 7,000 MTPA High Styrene Rubber
  • Valia Facility, Gujarat: 21,000 MTPA Nitrile Rubber and Allied Products, 50,000 MTPA Nitrile Latex Plant
  • Total combined capacity: 181,000 MTPA

Historical Financial Performance (INR Millions)

Income Statement Highlights:

| Particulars | FY23 | FY24 | FY25 | FY26 |

| Operational Revenue | 10,799 | 11,246 | 13,924 | 14,415 |

| EBITDA | 1,585 | 1,139 | 1,248 | 1,774 |

| EBITDA Margins | 14.68% | 10.13% | 8.96% | 12.31% |

| PAT | 1,079 | 539 | 541 | 1,014 |

| PAT Margins | 10.00% | 4.79% | 3.89% | 7.03% |

| Diluted EPS (INR) | 20.82 | 10.39 | 10.43 | 19.56 |

Balance Sheet Highlights (FY26):

  • Total Assets: INR 9,865 Mn
  • Property, Plant and Equipment: INR 3,623 Mn
  • Inventories: INR 1,282 Mn
  • Trade Receivables: INR 2,445 Mn
  • Cash & Cash Equivalents: INR 318 Mn
  • Total Equity: INR 5,391 Mn
  • Borrowings: INR 930 Mn (Short-term: INR 613 Mn, Long-term: INR 317 Mn)

Business Segments and Applications

Synthetic Latex Products:

  • Applications: Paper/Paper Board, Carpet, Gloves, Construction, Tyre Cord, Specialty, Textile
  • Key Clients: ITC, Asian Paints, Ultratech Cement, Welspun, BILT, JK PAPER, Pidilite Industries, MRF, SRF, Century Enka

Synthetic Rubber Products:

  • Applications: Automobile, Footwear, Rice Rolls, Various Rubber Products
  • Key Clients: Paragon Footwear, Jayshree Polymers, Parker Hannifin, Gates India, Armacell, Supreme Industries

Research and Development

  • 38 employees dedicated to R&D and technical support
  • Continuous technology upgrading through in-house research efforts

Board of Directors

  • Mr. Atul C. Choksey (Chairman) - Former Managing Director of Asian Paints Limited
  • Mr. Abhiraj A. Choksey (Vice-Chairman and Managing Director) - Leading the company since May 2010
  • Mr. Ravishankar Sharma (Executive Director) - Over 30 years experience in Production and Projects
  • Mr. Amit C. Choksey (Director) - Chairman & Managing Director of Mazda Colours Limited
  • Independent Directors: Mr. Udayan D. Choksi, Dr. Achala Danait, Ms. Priti Savla, Mr. Dinanath Kholkar, Mr. Rajendra Mariwala

Corporate History

  • Taloja plant established in 1980 as a division of Asian Paints (India) Ltd
  • Spun off as a separate company in 1991 under Mr. Atul Choksey
  • Currently headed by Abhiraj Choksey as Vice Chairman and Managing Director

Global Presence

The company has significant global presence and has done business in all continents and several countries over the last few years.

Disclaimer

The presentation contains forward-looking statements subject to risks and uncertainties including fluctuations in earnings, ability to manage growth, competition, economic growth, and government policies. The company does not undertake to update any forward-looking statements.