Apcotex Industries shares surged by their daily maximum limit of 20% on Thursday, May 7, on the National Stock Exchange (NSE) to hit an intraday high of ₹511 following the announcement of strong Q4FY26 results. According to reports from The Economic Times, the stock was locked in the 20% upper circuit with pending buy orders of 17,768 shares while no sellers were seen on the BSE as of 12:43 pm. With a market capitalization of ₹2,651 crore, the stock carries a P/E ratio of 26x, reflecting investor confidence in the company's earnings recovery story.
The company reported a net profit of ₹101 crore for FY26, marking an impressive 87.6% increase from ₹54 crore in the corresponding period last year. As reported by The Economic Times, Q4 alone saw a net profit of ₹35 crore, marking a 106% increase from ₹17 crore in the sequential quarter. This strong profitability was driven by robust operational performance and strategic initiatives, with earnings per share for FY26 standing at ₹19.56, nearly double the ₹10.43 recorded the previous year. The company's revenue from operations also showed solid growth, jumping 14% to ₹398 crore in Q4 compared with ₹349 crore in the year-ago period, supported by volume growth of 10% and pricing discipline.
The company demonstrated strong operational efficiency with EBITDA advancing 46% to ₹55 crore and EBITDA margin improving by 310 basis points to 14%. According to the company's investor presentation, this performance reflects continued execution of capital expenditure projects with increased rigor and disciplined focus to support strategic growth and capacity expansion. The Mumbai-based company also achieved record-high sales volumes for FY26, registering 14% year-on-year growth and the highest export sales volume to date, also growing 14% YoY. Operating cash flow for the year surged significantly to ₹203.43 crores compared to ₹84.72 crores in FY25, giving management considerable room to pursue capital allocation decisions.
In a significant strategic move, the board approved the acquisition of a 1.275% stake in Amplus Ampere Private Limited for ₹72 crore to secure captive solar power supply. As reported by The Economic Times, this decision came after the company's earlier arrangement with Amplus Ceres Solar Private Limited faced challenges with power availability. The revised structure through Amplus Ampere Private Limited will enable captive consumption of solar power generated by the entity, directly addressing energy cost management for the polymer and rubber production manufacturer. The board authorized officials to execute revised power purchase agreements, share acquisition agreements, and all associated documentation, removing procedural delays from the implementation process.
The company's board announced a dividend of ₹5.50 per share, representing 275% of face value (₹2.00) for FY26, including the interim dividend. This dividend declaration reflects the company's strong cash generation capabilities and commitment to returning value to shareholders. The company serves as a leading producer of synthetic rubber and synthetic latex in India, with clients including ITC, Asian Paints, Ultratech Cement, Welspun, BILT, JK Paper, Pidilite Industries, MRF and SRF. Total debt fell meaningfully over the year, with non-current borrowings dropping from ₹62.35 crore to ₹31.65 crore and current borrowings also contracting, attributed to strong operating cash generation rather than equity dilution.
