Apcotex Industries Ltd
NSE:APCOTEXIND

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Apcotex Industries Ltd
NSE:APCOTEXIND
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Price: 399.9 INR 0.15% Market Closed
Market Cap: ₹20.7B

P/B

3.6
Current
18%
Cheaper
vs 3-y average of 4.4

Price to Book (P/B) ratio compares a company`s market value to its book value. It shows how much investors are paying for each dollar of net assets on the balance sheet.

P/B
3.6
=
Market Cap
₹19.2B
/
Total Equity
₹5.8B

Price to Book (P/B) ratio compares a company`s market value to its book value. It shows how much investors are paying for each dollar of net assets on the balance sheet.

P/B
3.6
=
Market Cap
₹19.2B
/
Total Equity
₹5.8B

Valuation Scenarios

Apcotex Industries Ltd is trading below its 3-year average

If P/B returns to its 3-Year Average (4.4), the stock would be worth ₹489.44 (22% upside from current price).

Statistics
Positive Scenarios
2/4
Maximum Downside
-22%
Maximum Upside
+38%
Average Upside
7%
Scenario P/B Value Implied Price Upside/Downside
Current Multiple 3.6 ₹399.9
0%
3-Year Average 4.4 ₹489.44
+22%
5-Year Average 4.9 ₹552.33
+38%
Industry Average 2.8 ₹313.9
-22%
Country Average 3.3 ₹363.58
-9%

Forward P/B
Today’s price vs future total equity

Not enough data available to calculate forward P/B

Peer Comparison

All Multiples
P/B
P/E
All Countries
Close
P/E Multiple
Earnings Growth PEG
IN
Apcotex Industries Ltd
NSE:APCOTEXIND
Average P/E: 74.1
24.8
34%
0.7
SA
Saudi Basic Industries Corporation SJSC
SAU:2010
Negative Multiple: -8.8 N/A N/A
ID
Chandra Asri Pacific PT Tbk
OTC:PTPIF
41.8
N/A N/A
ID
Chandra Asri Petrochemical Tbk PT
IDX:TPIA
28.4
N/A N/A
US
Dow Inc
NYSE:DOW
Negative Multiple: -10.5 N/A N/A
CN
Hengli Petrochemical Co Ltd
SSE:600346
19
N/A N/A
UK
LyondellBasell Industries NV
NYSE:LYB
Negative Multiple: -29.9 N/A N/A
TW
Nan Ya Plastics Corp
TWSE:1303
149.5
138%
1.1
KR
LG Chem Ltd
KRX:051910
Negative Multiple: -16.8 N/A N/A
CN
Rongsheng Petrochemical Co Ltd
SZSE:002493
161.3
82%
2
IN
Solar Industries India Ltd
NSE:SOLARINDS
93.9
30%
3.1

Market Distribution

In line with most companies in India
Percentile
54rd
Based on 2 820 companies
54rd percentile
3.6
Low
0 — 2.1
Typical Range
2.1 — 5.5
High
5.5 —
Distribution Statistics
India
Min 0
30th Percentile 2.1
Median 3.3
70th Percentile 5.5
Max 4 699.1

Apcotex Industries Ltd
Glance View

Market Cap
20.7B INR
Industry
Chemicals

Apcotex Industries Ltd. engages in the manufacture and sale of synthetic lattices and rubber. The company is headquartered in Mumbai, Maharashtra and currently employs 483 full-time employees. The firm is a producer of synthetic rubber, such as nitrile-butadiene rubber (NBR) and high styrene rubber (HSR) and synthetic latex, such as nitrile, butadiene-vinyl pyridine (VP) latex, XSB and acrylic latex in India. The company has various grades of synthetic rubber having application in products, such as automotive components, hoses, v-belts, conveyor belts, gaskets, rice de-husking rollers, printing and industrial rollers, friction materials, belting and footwear. Its range of latexes are used for paper and paperboard coating, carpet backing, tire cord dipping, construction, gloves examination, surgical and industrial use, among others. Its product range is used, among other applications, for tire cord dipping, concrete modification/water proofing, paint emulsions, textile finishing and hand gloves, among others. Its manufacturing plants are located on the western coast of India.

APCOTEXIND Intrinsic Value
471.23 INR
Undervaluation 15%
Intrinsic Value
Price ₹399.9
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