Apcotex Industries vs Thirumalai Chemicals: Share Price, PE, ROE Compared

Apcotex Industries vs Thirumalai Chemicals is a comparison specialty chemical investors look up when evaluating two listed Indian specialty chemical companies in different chemical niches. Apcotex Industries, a Mumbai-based company, manufactures synthetic latex and specialty chemicals – including APCO latex (styrene-butadiene latex used in paper coating, carpet backing, foam), NBR (nitrile butadiene rubber) and HSB (high styrene rubber). Thirumalai Chemicals, a Chennai-based company, manufactures phthalic anhydride (a chemical intermediate for plasticizers and pigments), maleic anhydride and food-grade citric acid. The Apcotex versus Thirumalai comparison shows a profitable, capital-efficient company versus a loss-making one.

This Apcotex Industries vs Thirumalai Chemicals article covers reach and market position, key products, latest declared results and stock valuation. All data is sourced from Groww and public company filings.

Reach and Market Position

In this Apcotex Industries vs Thirumalai Chemicals comparison, Apcotex Industries sells latex and specialty rubber products to paper mills (for paper coating), carpet manufacturers and foam producers across India and internationally. Market capitalisation is Rs 3,234 Cr.

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Thirumalai Chemicals manufactures phthalic anhydride (PA) for paints, plasticisers and polyester resins, maleic anhydride and food-grade citric acid. Market capitalisation is Rs 1,983 Cr.

Key Products and Business Mix

For the Apcotex Industries vs Thirumalai Chemicals product breakdown, Apcotex Industries: Apcotex earns from APCO latex, NBR latex and specialty rubber products. EPS is Rs 31.09. PE is 20.06x, ROE 16.33 percent, D/E 0.16, Div 1.28 percent.

Thirumalai Chemicals: Thirumalai earns from phthalic anhydride, maleic anhydride and citric acid. EPS is -Rs 12.58 (LOSS-MAKING!). ROE is -10.74 percent. Thirumalai is currently loss-making, likely from phthalic anhydride margin compression.

Latest Results and Financial Data

On the Apcotex Industries vs Thirumalai Chemicals results front: Apcotex Industries has a market cap of Rs 3,234 Cr and PE of 20.06x. ROE is 16.33 percent. Apcotex is profitable and capital-efficient with low debt.

Thirumalai Chemicals has a market cap of Rs 1,983 Cr and is LOSS-MAKING with EPS -12.58 and ROE -10.74 percent. Investors must review Thirumalai's recovery path from exchange filings.

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Stock Performance and Valuation

Investors tracking the Apcotex Industries vs Thirumalai Chemicals comparison should verify current prices on NSE or BSE before trading. The Apcotex Industries vs Thirumalai Chemicals stock data below reflects the latest available figures from Groww and public company filings.

Apcotex Industries versus Thirumalai Chemicals: Apcotex (PE 20.06x, ROE 16.33%, profitable) vs Thirumalai (LOSS-MAKING, ROE -10.74%). Comparing Apcotex and Thirumalai, Apcotex clearly has the more sound financial profile.

Apcotex Industries vs Thirumalai Chemicals: Quick Comparison Table

The comparison table below summarises the key metrics side by side.

Parameter	Apcotex Industries	Thirumalai Chemicals
Sector	Synthetic latex + NBR + specialty rubber chemicals (paper, carpet, foam)	Phthalic anhydride + maleic anhydride + citric acid (chemical intermediates)
Market Cap	Rs 3,234 Cr	Rs 1,983 Cr
Profitability	Profitable (PE 20.06x, ROE 16.33%)	LOSS-MAKING (EPS -12.58, ROE -10.74%)
Debt to Equity	0.16	1.39 (leveraged)
Product	Latex (APCO, NBR) for paper + carpet + foam	PA, MA, citric acid (chemical intermediates)
Customers	Paper mills, carpet makers, foam producers	Paint, plasticiser, food and chemical companies
Dividend Yield	1.28%	None

Conclusion

The Apcotex Industries vs Thirumalai Chemicals comparison above covers reach, products, results and valuation. Apcotex Industries versus Thirumalai Chemicals covers synthetic latex versus chemical intermediates. Apcotex is profitable with solid ROE (16.33%) at an affordable PE (20x). Thirumalai is loss-making from phthalic anhydride margin compression. The Apcotex and Thirumalai comparison is heavily skewed to Apcotex on financial quality. Consult a SEBI-registered advisor before investing in any loss-making company.

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Frequently Asked Questions

What does Apcotex Industries make?

Ans. Apcotex makes synthetic latex – APCO latex (styrene-butadiene rubber latex used in paper coating), NBR (nitrile-butadiene rubber) latex for gloves and HSB (high-styrene rubber).

What does Thirumalai Chemicals make?

Ans. Thirumalai Chemicals makes phthalic anhydride (PA) – used in plasticisers and alkyd paints – maleic anhydride used in polyester resins, and food-grade citric acid used as a food preservative.

What is phthalic anhydride?

Ans. Phthalic anhydride (PA) is a chemical intermediate produced from naphthalene or ortho-xylene oxidation. It is used to make plasticisers (for PVC), alkyd paint resins and polyester resin.

Is Thirumalai Chemicals profitable?

Ans. No. Thirumalai Chemicals is currently loss-making with EPS -12.58 and ROE -10.74%. Investors should verify the recovery path from exchange filings.

Which is larger, Apcotex or Thirumalai?

Ans. Apcotex at Rs 3,234 Cr is approximately 1.6 times larger than Thirumalai at Rs 1,983 Cr.

Does Apcotex pay dividends?

Ans. Yes. Apcotex Industries pays approximately 1.28 percent dividend yield.

Are these companies in Nifty 50?

Ans. Neither is in Nifty 50.