Thread by @SmartSyncServ

AR20-21 Notes

Apcotex Industries

Leading producer of Synthetic Rubber & Synthetic Latex in India

Broadest Range of Emulsion Polymers in the market

Fasten Your Seatbelts & Enjoy the ride 🙂

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Evolution

1980: Started as a division of Asian Paints
1991: Becomes public ltd
1998: Started HSR prodn 10k MT p.a.
2005: Name changed to Apcotex
2009: Entered Acrylic Emulsion business
2013: Latex capacity increased from 40k to 55k MTp.a.
2016: Omnava Solutions Acquisition

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Financial Highlights

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~Global Presence
~Marquee Clients

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Manufacturing Facilities

1.Taloja, Maharashtra
~Synthetic Latex: 55K MT p.a.
~HSR: 7K MT p.a.
2.Valia, Gujarat
~Nitrile Rubber & Allied 20K MT

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Product Mix

1.Synthetic Latex
~Paper
~Carpet
~Construction
~Tyre Cord
~Gloves
~Specialty

2.Synthetic Rubber
~NBR
~NBR Polyblend
~HSR
~NBR Powder

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ApcoBuild

~ Construction Chemical industry 5600 Cr
~Expected to grow at a CAGR of 15%
~Green Building concept to gain more traction
~Currently in 3 states Gujarat, Maharashtra & Goa
~Focus on Waterproofing range of products

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Synthetic Latex Industry

~Globally a fragmented market
~Both regional & global players exist
~Customization to suit customer needs is important
~No major substitute for Synthetic latex polymers
~Nitrile latex for gloves witnessing very high demand

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Synthetic Rubber Industry
~Asia pacific leads the global production
~Automobile sector leading the growth
~India strategically offers great opportunity for manufacturers
~India has the potential to be a leader in rubber products manufacturing

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FY21 Performance

~Strong growth in Rev & Profits & Strong BS
~Continued to face tough foreign competition in NBR
~Antidumping duty recently imposed by the govt
~Our interaction with the management on the NBR Anti-dumping Duty and Capex related to that

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Risks

~Procurement Risk
~Environment Health & Safety Risk
~Dependence on Single Manufacturing facility
~HSR Obsolescence
~Monomer Transportation
~Investment Risk
~Business Concentration Risk
~Overseas Competition-Dumping of Products

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Financials

~Balance Sheet
~Profit & Loss A/c
~Cash Flow Statement

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~Last 10 concalls notes: bit.ly/35r3ZOh
~5 Min Stock Idea: bit.ly/3wyEO8l
~Infographic: bit.ly/3xqgFB4
~FY20 AR Notes: bit.ly/3q1aRLN

Detailed Analysis shared with MissioN SMILE members.

Catch a glimpse: bit.ly/35siEZu

End 🙂🙏