Apcotex Industries Limited — Investor Meet, 12-11-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Apcotex Industries reported strong Q2 FY26, with revenue at ₹337 Cr (-4% YoY), but operating EBITDA surged 48% to ₹41 Cr (12.06% margin) and PAT jumped 130% to ₹25 Cr. H1 FY26 saw record export & overall volumes (+18% YoY), with revenue at ₹713 Cr (+4% YoY), EBITDA at ₹79 Cr (+34% YoY). The company is net cash positive (Sep 30, 2025) and reduced debt by ~₹53 Cr. The board approved a ₹210 Cr CAPEX for 37,000 MTPA synthetic latex and 14,600 MTPA nitrile rubber capacity at Valia, expected to add ₹550-600 Cr revenue by Q1 FY27-28. High capacity utilization (NBR at 95%) drove gross margin improvement. Strong cash flow from operations (₹107 Cr in H1) will help fund the expansion, underscoring confidence in market growth.