APCOTEXIND / Q3-FY26 / claim-ledger

Audit the questions that mattered.

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

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PositiveQ3-FY26 · 2026-01-30Back to quarter ↗

Questions audited

11

Answered directly

86%

Numeric claims

3

Consistency

mixed

Question ledger

What was answered, and how?

Adita Ketan · Smith Institutional Equities

partial

How did raw material price decline improve EBITDA despite falling product prices?

Our team has managed quite well and we have managed to hold our prices and taken some advantage of the drop in raw materials. So that's helped us and as you can see that uh in spite of all of that our operating epida uh has been better this quarter than I would say the last you know six seven eight quarters probably.

Adita Ketan · Smith Institutional Equities

direct

Which segments contributed to EBITDA improvement?

Besides nitral latex which definitely has seen a turn turnaround in the last 6 months... paper segment also the margins were very muted... they've gone back to sort of reasonably okay levels. So paper has also helped... rubber segment also we've seen a better improvement in margins because we're running at full capacity there.

Adita Ketan · Smith Institutional Equities

direct

Can EBITDA margins improve further from 13% or is this the peak?

I think there is still some leeway... anywhere between 13 to 16% 12 to 16% is you know we could margins for us um and I think we'll try and endeavor to do a little bit better than this quarter as person.

Adita Ketan · Smith Institutional Equities

partial

What is the status of anti-dumping duty notification and impact on NBR expansion?

Our expansion plans continue nonetheless. uh we have found an innovative way to expand our product our our our uh volumes by almost 80 90% in a much lower capex cycle... we are going to do it for much lower and we think the ROC's and the margins even currently without anti-dumping will support that.

KK Panda · BHL

direct

What is the financial benefit from wind energy investment?

That's about 3 and a half cr investment and we should receive the credits starting from uh sometime early next year. The exact date is not out yet. So that's not yet started.

KK Panda · BHL

direct

Is the expansion plan on track and will turnover increase by 200 crores?

We have started the project. Uh yes our endeavor is to complete it by the end of the next financial year which is FI27... and just to correct you it's not going to be about 200 crores it's it's likely to be uh around 550 to 600 crores that'll be added to the top line.

Karan Sharma · Credent

direct

Has the US duty on Chinese gloves been imposed and what is nitrile latex utilization?

Uh yes I believe that's now now in place. Yes, it's been imposed from January 26. I would say for the YTD we are at about 70 75%.

Karan Sharma · Credent

direct

Will there be spare land for further expansion after current capex?

Um I think we will have some more land depending on what we want to expand in. Uh we will have some spare land.

Chanpal Singh · Individual Investor

direct

What is the company doing for raw material security and backward integration?

Backward integration um we are not able to do with our major raw materials because there are you know petrochemicals... as far as security is concerned... there is enough imports coming in from countries close by... short-term shortages are there but otherwise... we don't expect any issue.

Redra · Ithod Financial Consulting

direct

What is the qualitative outlook for different end-user industries?

Paper industry is still going through a tough time... carpet, textiles and tire all three industries we have seen a slight degrowth in volumes... gloves continues to do well for us... overall the glove industry continues to grow at 7 8% year on year.

Sabra · QRC Investment Advisor LLP

partial

Can the company disclose volume and utilization data more regularly?

The reason why we don't give volume numbers because specific volume tonnage numbers is because we are in so many different industrial segments... it's easily decodable for some of our competitors... but we do provide volume growth overall... we can maybe give a flavor of the capacity utilization of the various product lines.

Sani Vish · Access Securities

direct

Why did interest cost drop significantly and what is the expected tax rate?

75% of the reduction in interest cost is through the reduction in borrowings. The rest is all interest rate related. On the second question of yours on the tax, so we expect a effective tax rate of about 27 28% for the year.