Whalesbook
Apcotex Industries ne apne Q4FY26 ke results declare kiye hain aur market mein dhamaka ho gaya! Stock 20% ke upper circuit ko touch kar gaya, trading volumes bhi 2.5 lakh ke upar the jo ki pichhle 6 mahine ka high hai.
Achanak Profit Double Kaise Hua?
Asal mein, company ka net profit after tax Q4 mein ₹34.74 Crore raha, jo pichhle saal ke ₹16.76 Crore se lagbhag double, yani 107.34% zyada hai. Profit Before Tax (PBT) bhi 83.81% badh kar ₹44.99 Crore ho gaya. Ye zabardast profit increase mostly margins ke sudhar aur expenses ko control mein rakhne ki wajah se hua hai. PBT margins 7.00% se badh kar 11.32% ho gaye.
Pure fiscal year FY26 ke liye bhi khushkhabri hai, jahan net profit 87.57% badh kar ₹101.41 Crore tak pahunch gaya. Aur haan, company ne investors ko khush karte hue ₹5.50 per share ka final dividend bhi propose kiya hai, jo 2019 ke baad sabse high hai.
Par Revenue Ka Kya Scene Hai?
Lekin, yahan ek twist hai! Jabki profit mein toofani tezi aayi hai, full year ke liye revenue from operations sirf 3.53% badh kar ₹1,441.50 Crore raha. Ye growth profit growth se kaafi kam hai, aur analysts ka kehna hai ki sirf margin improvement se profit badhana sustainable nahi hota, khaskar jab revenue growth slow ho.
Analyst View Aur Valuation Ka Sawaal
Analysts ka view thoda mixed hai. Kuch ko lagta hai ki company ko sales volume badhane mein dikkat aa rahi hai. Ek broker ne toh 'SELL' rating bhi de di hai aur target ₹420 rakha hai. Apcotex ka P/E ratio lagbhag 24.6x hai, jo ki industry average (15.4x) aur kai peers se zyada expensive lag raha hai, matlab market expectations kaafi high hain.
Aage Kya?
Indian specialty chemicals market mein abhi bhi growth ki umeed hai, aur Apcotex ne apne debt ko 49.69% kam karke ₹92.96 Crore kar liya hai, jo ek achhi baat hai. FY26 mein operating cash flow bhi ₹203.44 Crore generate kiya hai. Aage chal kar, analysts expect kar rahe hain ki earnings 21.7% aur revenue 16.6% saalana grow karega. Company exports ka share 40-45% tak badhane ka plan kar rahi hai.
To overall, profit to badha hai, lekin revenue growth ki speed aur company ke valuation par nazar rakhna zaroori hai.