Apcotex
Industries Ltd closes at ₹ 107.60 with a Gain of +0.50 % on 12-June-
2020 with formation of a Small Green Candle on Daily Price
Chart.
About the Company : Apcotex is one of the
leading producers of Synthetic Rubber (NBR & HSR) and Synthetic Latex
(Nitrile, VP latex, XSB & Acrylic latex) in India. The company has one of
the broadest range of Emulsion Polymers available in the market today. The
various grades of Synthetic Rubber find application in products such as
Automotive Components, Hoses, Gaskets, Rice Dehusking Rollers, Printing and
Industrial Rollers, Friction Materials, Belting and Footwear. Apcotexs range of
Latexes are used for Paper / Paper Board Coating, Carpet Backing, Tyre Cord
Dipping, Construction etc.
The company is has post
Net Sales of ₹ 496.00 Cr & Net Profit of ₹17.00 Cr in FY2020 and
and expected to Post Net Sales of
₹ 521.00 Cr & Net Profit of ₹ 22.00 Cr in FY2021 & Net Sales of ₹ 599.00 Cr &
Net Profit of ₹ 31.00 Cr in FY2022.
Valuations : The Company is now
Trading at X 1.90 of its Value. We have
valued the company with its full
Financial year 2020 earnings ( PAT ), which is now almost ~90% Premium to its value & X1.47 of its FY2021 earning with a Premium of ~47%
and X 1.04 of its FY2022 earnings with a Premium of ~0.04%
.Margin of Safety (1Yr Bond Yield: Value>1 ) is now 0.8 , which
indicates ~20% fall makes it Attractive for Long Term Holding. Its Fair price
with FY-2021 earnings considerations is ₹73.50
Disclaimer : We are / may going to take exposure
shortly.
The
author tracks economic, behavioural and corporate tends, hoping to gauge good
avenues of return based on Fundamental Valuations of Stocks, a follower of EPV
method. You can reach me/us at |
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