Apcotex Industries – monopoly in Synthetic Rubber?

Hello Everyone , I have recently started studying this company . All due credits to @Worldlywiseinvestors .

I saw that no one in this space talked about the recent quarter concall which took place . So I have attached the link here : Apcotex Industries Limited Q3 FY23 Earnings Concall – YouTube

I had highlighted some notes by the management on the transcript itself , if you want you can simply go through the transcript i.e. attached below and side by side hear the con-call ( That’s what I do) as it was packed with info.
Q3Fy23 Apcotex Concall .pdf (983.4 KB)

Below I have attached some important snapshots which really helped me clear some doubts :

1. 27th Jan Q3Fy23 concall , capex and it’s utilization and flow to topline by Abhiraj Choksey

   

2. So total 85000 tpa latex , making a 600-700Cr . ( quarterly 150-175Cr in addition)

   

3. The plant’s would be highly automated , playing a part in operating leverage .

   

4. The Capex was funded by 60% debt(120cr) , and 40%(80cr) internal accruals

5. Abhiraj Choksey as to how to how the 200 Cr Capex in Taloja and Valia plant can change the final topline of the company .

   

   Some pointers from above :

• To reach total topline of 2000 Cr would be in 4-5 years timeframe with all the things in place.
• Currently the sales is around 900-1100 Cr
• ROCE of 20-25% would be possible

6. More clarification by Mr. Chokey as to why moving fromt the original plan .

   

7. The change in revenue mix over the years.

   

8. Export – 20% , roughly 180-220 Cr , Domestic – 80% , roughly 780-820 Cr

   

9. When asked about the competition and about there competitive advantage in the market.

   

Hope reading all of these would have cleared some of your doubts , as it really helped me a lot
Happy Weekend , cheers