Apcotex-update-

Apcotex growth and future growth triggers

1…PERFORMANCE

=18%-21%cagr in last 10 yrs

=22%cagr in last 4 yrs(2019-2023)

=In Q1 FY ’24, on the back of new capacity commissioned, we witnessed our highest ever quarterly volumes

2…Why low PAT

=In spite of 22% increase in volume,
revenue from operations fell by 9% due to sharp fall in raw material prices, which led to lower price realization of finished goods.

=EBITDA margins were affected due to lower margins in NBR and paper binders because of
pressure on demand, falling prices and inventory losses.

=Furthermore, PAT margin declined due to increase in depreciation and increased costs only because of the expansion projects
commissioned in March 2023.

3…Future Growth triggers

A…Recently completed nitrile latex plant@100 cr
(Just 30% utilization)
B…Export

Disc…invested