APCOTEX / Q4-FY26 / claim-ledger

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Apcotex Industries · Analyst questions, management answers, and the quality of the response where the ledger is available.

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PositiveQ4-FY26 · 2026-04-30Back to quarter ↗

Questions audited

Answered directly

71%

Numeric claims

Consistency

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Question ledger

What was answered, and how?

Adita Ketan · Smith's Institutional Equities

partial

Quantify employee benefit expense and depreciation policy change.

there are three or four provisions that were taken... one was a a new policy on long-term incentives for certain senior management employees... second reason is um there are some pending litigations... third thing was some changes in graduity policy... the second question on the depreciation actually you know this is a cogen power plant... we found it prudent to kind of impair this turbine...

Adita Ketan · Smith's Institutional Equities

partial

Quantify inventory gain and utilization outlook for nitrile latex.

inventory gains yes there has been some inventory gains. I don't think it has been significant... we running at almost full 100% capac capacity utilization now for nitra latex... from a margin standpoint, short-term margins are certainly improved right now uh because of the war situation...

Ankit Minocha · Adzi Ventures family office

evasive

Is Q4 margin the new base or will there be compression?

we you know generally don't give any guidance for future quarters... difficult to say given the current war situation but uh look I would say strategically as we are at a higher capacity utilization levels we expect margins to be better than the average of last year at least for this coming year...

Ankit Minocha · Adzi Ventures family office

direct

Status of anti-dumping duty on nitrile latex.

we never built it into the planning anyway... the finance ministry did not notify the anti-dumping duties that were recommended by the DJTR... there are some other legal cases on the same issue... we continue to uh expand and we continue the expansion project for NBR...

Sergeant Kapoor · Antifragile Thinking

direct

Can existing assets support growth or is utilization constrained?

in one or two plants we still have some capacity available but uh for NBR for example we uh we are at 100% capacity utilization... for synthetic latex we are building new capacity again which will come up in the following financial year... in nitral latex for Q4 we were at almost full capacity utilization.

Sergeant Kapoor · Antifragile Thinking

partial

How much of margin expansion is structural vs temporary?

Jan and Feb were fairly stable months... so I think Jan and Feb for us were very good months. Sure, in the month of March, we did have we were better placed than some of our competitors... hard to quantify but in this quarter I think uh not a very large amount in Q4.

Mahul Pawani · 40 cents

direct

Current utilization levels across latex and NBR capacity.

I would say we are in for Q4. I'm talking about Q4. Yeah. not for the whole financial year but for Q4 we were between 90 and 100% across all our plants all our factories

Mahul Pawani · 40 cents

direct

Raw material inventory coverage for upcoming quarters.

we feel very confident that we're covered up to the end of June.

Ankit Canoria · Zenesh

partial

How much of cash flow improvement is structural vs one-time?

nothing is one time or very little is one time because because it's uh I mean the the whole year in fact was a challenging year... we expected to only improve... raw material prices were fairly muted for about 9 or 10 months of the year that definitely helped with uh sort of cash generation...

Ankit Canoria · Zenesh

direct

Outlook for Apcotex brand growth and competition.

even after build we've had we finished the year quite strong so we've had double digit growth... we feel fairly confident that we will continue to grow at double digits.

Sarup Shra · QRC

partial

Nitrile latex profitability and contribution to overall profitability.

the short answer is yes of course... every quarter we've seen a gradual improvement in margin. In Q4, there was a significant improvement... some of it may again come down uh in the coming few quarters but as of now uh nitri latex structurally remains still a challenging business but temporarily it's it's been very good for us in terms of margins.

Faruk Pandol · Westa Fund Management

direct

Net debt position and which provisions are non-recurring.

as of March 31st we have a total debt of about 90 crores and our investments and cash bank balances are 160 odd crores... the litigation is also non-recurring... the long-term incentive will be recurring... the impairment of the asset That one asset turbine is non-recurring.