Investor Presentation

28th October 2026 To, To, The Manager - Listing Department, Manager-Department of Corporate Services The National Stock Exchange of India Ltd, BSE Limited Exchange Plaza, 5th floor, Jeejeebhoy Towers, Plot no. C/1, “G” Block, Dalal Street, Fort, Bandra-Kurla Complex, Mumbai - 400 001 Mumbai-400051 Symbol: APCOTEXIND Security Code: 523694 Dear Sir/ Madam, Sub: Earnings Presentation – September 2026 (Q2 – FY 2026-27) Please find enclosed herewith Earnings Presentation – September 2026 (Q2 – FY 2026-27). The same is for your reference and records. Thanking you, For Apcotex Industries Limited Drigesh Mittal Head - Company Secretary & Legal Encl: As above Earnings Presentation Q2/H1-FY27 Executive Summary OVERVIEW Apcotex Industries Ltd (Apcotex) is a leading producer of Synthetic Rubber (Nitrile Rubber, High Styrene Rubber, Nitrile Polyblends and Nitrile Powder) and Synthetic Latex (XSB Latex, VP Latex, Styrene Acrylics and Nitrile Latex) in India. The company has one of the broadest range of Emulsion Polymers available in the market today. Apcotex is listed on both the BSE and NSE and has an approximate market capitalisation of INR 30,811 Mn as on 30th September, 2026. BUSINESS MIX MARQUEE CLIENTS MANUFACTURING SYNTHETIC LATEX SYNTHETIC LATEX Taloja Facility: Maharashtra ITC, Asian Paints, Ultratech Cement, Paper/ Paper Board, Carpet, Gloves, ▷ 1,03,000 MTPA Synthetic Latex Welspun, BILT, JK PAPER, Pidilite Construction, Tyre Cord, Speciality, 7,000 MTPA High Styrene Industries, MRF, SRF, Century Enka, Textile. Rubber Standard, Mac, Kordsa etc. SYNTHETIC RUBBER ▶︎ Valia Facility: Gujarat SYNTHETIC RUBBER ▶︎ Automobile, Footwear, Rice Rolls, ▷ Paragon Footwear, Jayshree 21,000 MTPA Nitrile Rubber and Various Rubber Products. Polymers, Parker Hannifin, Gates Allied Products. India, Armacell, Supreme Industries 50,000 MTPA Nitrile Latex Plant. etc. FY26 FINANCIALS INR 14,415 Mn INR 1,774 Mn INR 1,014 Mn Operational Revenue - EBITDA - PAT- Company Overview Operational Revenue (INR Mn) and The company’s Taloja plant was established in 1980 as a division of EBITDA Margin (%) Asian Paints (India) Ltd. In 1991, the division was spun off as a separate company, which was headed by Mr. Atul Choksey, former MD of Asian 16,000 14,415 13,924 Paints. The company is currently headed by Abhiraj Choksey who is the 14,000 Vice Chairman and Managing Director. 12,000 11,246 10,246 10,000 Apcotex has a significant global presence and for last few years has 17.12% 8,000 done business in all continents and several countries. 12.31% 6,000 10.13% It is one of the leading producers of Synthetic Rubber and Synthetic 4,000 8.96% 2,000 Latex in India. Its state-of-the-art manufacturing plants are strategically located on the FY24 FY25 FY26 H1-FY27 western coast of India. Over the past several years, the company has developed a strong Research & Development base, which has enabled them to develop, manufacture and export products and compete effectively against global players. Apcotex Industries has a workforce strength of over 550 fulltime employees. Apcotex Industries is also a part of the Top 10 Indian companies on the list of “Forbes Asia Best Under A Billion 2023”. Q2-FY27 Financial and Operational Highlights Q2-FY27 Financial Highlights Q2-FY27 Operational Highlights INR 4,989 Mn INR 583 Mn • Sales volume grew 7% year-on-year. Operational Revenue EBITDA • Export volumes recovered in Q2-FY27, reversing the 48.2% YoY 43.6% YoY decline witnessed in Q1-FY27. • Operating EBITDA increased from INR 406 million in Q2- FY26 to INR 583 million in Q2-FY27, a growth of 44% 11.69% INR 348 Mn year-on-year, driven by higher volumes and improved EBITDA Margin Net Profit margins. (37) Bps YoY 37.5% YoY • Continues to remain Net Cash Positive as of September 30, 2026. 6.98% INR 6.72/share Net Profit Margin EPS (53) Bps YoY 37.7% YoY H1-FY27 Financial and Operational Highlights H1-FY27 Financial Highlights H1-FY27 Operational Highlights INR 10,246 Mn INR 1,754 Mn • Delivered the strongest-ever half-yearly financial performance in the company’s history, with record Operational Revenue EBITDA EBITDA, PBT and PAT. 43.8% YoY 121.2% YoY • Operating EBITDA increased from INR 793 million in H1- FY26 to INR 1,754 million in H1-FY27, a growth of 121% year-on-year, driven by higher volumes and improved 17.12% INR 1,138 Mn margins. EBITDA Margin Net Profit • Execution of the INR 2,100 million capex projects 599 Bps YoY 155.7% YoY approved by the Board for expansion at the Valia plant remains largely on track. • Working capital requirements continued at elevated level 11.11% INR 21.95/share due to higher input costs. Net Profit Margin EPS 486 Bps YoY 156.1% YoY Quarterly Financial Performance Particulars (INR Mn) Q2-FY27 Q2-FY26 Y-o-Y Q1-FY27 Q-o-Q Operational Revenue 4,989 3,367 48.2% 5,256 (5.1)% Total Expenses 4,406 2,961 48.8% 4,085 7.9% EBITDA 583 406 43.6% 1,171 (50.2)% EBITDA Margins 11.69% 12.06% (37) Bps 22.28% NA Depreciation 128 120 6.7% 131 (2.3)% Finance Cost 26 30 (13.3)% 21 23.8% Other Income 46 46 NA 27 70.4% Profit Before Exceptional Items and Tax 475 302 57.3% 1,046 (54.6)% Exceptional Item - 58 NA - NA PBT 475 360 31.9% 1,046 (54.6)% Tax 127 107 18.7% 257 (50.6)% PAT 348 253 37.5% 789 (55.9)% PAT Margins 6.98% 7.51% (53) Bps 15.01% (803) Bps Other Comprehensive Income (9) 6 NA 79 NA Total Comprehensive Income 339 259 30.9% 868 (60.9)% Diluted EPS (INR) 6.72 4.88 37.7% 15.23 (55.9)% YTD Financial Performance Particulars (INR Mn) H1-FY27 H1-FY26 Y-o-Y Operational Revenue 10,246 7,125 43.8% Total Expenses 8,492 6,332 34.1% EBITDA 1,754 793 121.2% EBITDA Margins 17.12% 11.13% 599 Bps Depreciation 259 233 11.2% Finance Cost 47 66 (28.8)% Other Income 74 72 2.8% Profit Before Exceptional Items and Tax 1,522 566 168.9% Exceptional Item - 57 NA PBT 1,522 623 144.3% Tax 384 178 115.7% PAT 1,138 445 155.7% PAT Margins 11.11% 6.25% 486 Bps Other Comprehensive Income 69 56 23.2% Total Comprehensive Income 1,207 501 140.9% Diluted EPS (INR) 21.95 8.57 156.1% Historical Income Statement Particulars (INR Mn) FY24 FY25 FY26 H1-FY27 Operational Revenue 11,246 13,924 14,415 10,246 Total Expenses 10,107 12,676 12,641 8,492 EBITDA 1,139 1,248 1,774 1,754 EBITDA Margins 10.13% 8.96% 12.31% 17.12% Depreciation 315 416 496 259 Finance Cost 156 173 112 47 Other Income 77 103 173 74 Profit Before Exceptional Items and Tax 745 762 1,339 1,522 Exceptional Item - - 9 - PBT 745 762 1,348 1,522 Tax 206 221 334 384 PAT 539 541 1,014 1,138 PAT Margins 4.79% 3.89% 7.03% 11.11% Other Comprehensive Income 203 59 27 69 Total Comprehensive Income 742 600 1,041 1,207 Diluted EPS (INR) 10.39 10.43 19.56 21.95 Balance Sheet Particulars (INR Mn) FY25 FY26 H1-FY27 Particulars (INR Mn) FY25 FY26 H1-FY27 Total Non-Current Assets 4,905 4,911 5,487 Shareholders Fund 5,532 6,210 7,132 Property, Plant and Equipment 3,842 3,623 3,494 Equity Share Capital 104 104 104 Capital Work in progress 119 113 656 Other Equity 5,428 6,106 7,028 Investment Properties 14 14 14 Total Non-Current Liabilities 949 675 815 Financial Assets 834 949 1,096 Deferred Tax liabilities 206 175 183 Intangible Assets 4 2 1 Borrowings 624 317 404 Non Current Tax Assets (net) - - - Lease liabilities 34 22 15 Other Non-Current Assets 92 210 226 Long Term Provision 37 118 168 Total Current Assets 5,084 4,954 6,140 Other Financial Liabilities 48 43 45 Investments 226 225 109 Total Current Liabilities 3,508 2,980 3,680 Inventories 1,378 1,282 1,722 Short Term Borrowings 1,224 613 976 Trade Receivables 2,540 2,445 3,214 Lease Liabilities 11 13 14 Cash & Cash Equivalents 265 318 148 Trade Payables 1,876 1,844 2,016 Other Bank Balances 125 141 245 Other Financial Liabilities 233 224 316 Short Term loans & Advances 5 3 3 Short Term Provision 24 100 130 Other Financial Assets 177 152 85 Current Tax Liabilities - - 95 Current Tax Assets (net) 28 24 - Other Current Liabilities 140 186 133 Other Current Asset 340 364 614 TOTAL EQUITY & LIABILITIES 9,989 9,865 11,627 TOT [Showing first 8,000 characters — download PDF for full document]