Apcotex Industries shares locked in 20% upper circuit as profit more than doubles in Q4

Shares of Apcotex Industries, the country's leading rubber maker, rose by their daily maximum limit of 20%, on Thursday, May 7, on the National Stock Exchange (NSE) to hit an intraday high of ₹511 a day after it reported its January-March quarter earnings.

Apcotex Industries post market hours on Wednesday said that it earned a net profit of ₹35 crore in the fourth quarter of financial year 2025-26 (Q4FY26), marking an increase of 106% from ₹17 crore in the corresponding period last year.

The company's revenue from operations jumped 14% to ₹398 crore in Q4 compared with ₹349 crore in the year-ago period driven by volume growth of 10% and pricing discipline.

The company reported stable operational performance as its earnings before interest, taxes, depreciation and amortization (EBITDA) advanced 46% to ₹55 crore and its EBITDA margin improved by 310 basis points to 14%.

"Continued execution of capital expenditure projects with increased rigor and disciplined focus to support strategic growth and capacity expansion," the Mumbai-based company said in an investor presentation.

For financial year 2026, the company delivered record-high sales volumes, registering a growth of 14% year-on-year, reflecting strong demand across markets. The company also achieved the highest export sales volume to date, also growing 14% YoY.

The company's board announced a dividend of ₹5.5 per share taking the total dividend for FY26 to ₹8 per equity share, including interim dividend.

Apcotex Industries is a leading producer of synthetic rubber and synthetic latex in India. The company has one of the broadest range of emulsion polymers available in the market today.

The company which counts ITC, Asian Paints, Ultratech Cement, Welspun, BILT, JK Paper, Pidilite Industries, MRF and SRF among others as its clients, established its Taloja plant in 1980 as a division of Asian Paints. The division was spun off as a separate company, which was headed by Atul Choksey, former MD of Asian Paints.

As of 12:43 pm, Apcotex Industries shares were locked in 20% upper circuit with pending buy orders of 17,768 shares while no sellers were seen on the BSE.