Apcotex is a beneficiary of the import substitution theme and volumes should drive growth with a subsequent pick-up in margins
Apcotex faces increased competition in India from international peers, as freight costs have dipped significantly, leading to the disappearance of pricing advantage.
Valuations for the sector are, by and large, not expensive but not cheap either. In some cases, it is close to the long-term averages and should be evaluated case by case.
Ramp-up in the upcoming facilities would be slower than the anticipated 70 percent utilisation in FY24
Anand Rathi is bullish on Apcotex Industries has recommended buy rating on the stock with a target price of Rs 772 in its research report dated June 06, 2022.
Unstable macro and pricing environment are key risks to watch for Apcotex
Over the next 15 months, Apcotex will spend Rs 130-140 crore capex largely targeting XNBR factory capable of producing 40,000 tonnes annually
Emkay Global Financial is bullish on Apcotex Industries has recommended buy rating on the stock with a target price of Rs 120 in its research report dated May 24, 2020.
ICICI Direct is bearish on Apcotex Industries has recommended sell rating on the stock with a target price of Rs 80 in its research report dated May 26, 2020.
ICICI Direct recommended hold rating on Apcotex Industries with a target price of Rs 205 in its research report dated July 30, 2019.
ICICI Direct recommended hold rating on Apcotex Industries with a target price of Rs 575 in its research report dated May 02, 2019.
ICICI Direct is bullish on Apcotex Industries has recommended buy rating on the stock with a target price of Rs 540 in its research report dated January 31, 2019.
Apcotex Industries multi-year expansion plan and operating efficiency measures make it an accumulation candidate
KR Choksey is bullish on Apcotex Industries has recommended buy rating on the stock with a target price of Rs 673 in its research report dated July 31, 2018.
While management is targetting gross revenues in the range of Rs 550-600 crore, we are also positive on the traction so far this year and the turnaround opportunity NBR product business is undergoing.
ICICI Direct recommended hold rating on Apcotex Industries with a target price of Rs 480 in its research report dated November 09, 2017.
KR Choksey is bullish on Apcotex Industries has recommended buy rating on the stock with a target price of Rs 598 in its research report dated November 09, 2017.
KR Choksey recommended accumulate rating on Apcotex Industries with a target price of Rs 447 in its research report dated August 21, 2017.
KR Choksey is bullish on Apcotex Industries has recommended buy rating on the stock with a target price of Rs 447 in its research report dated June 19, 2017.
ICICIdirect has recommended to hold Apcotex Industries with a target price of Rs 230, in its research report dated November 10, 2015.
Firstcall Research is bullish on Apcotex Industries and has recommended buy rating on the stock with a target price of Rs 235 in its April 03, 2013 research report.