Apex Ecotech Ltd.

•
₹ 261-4.4%

2026-08-21

apexecotech.comBSE: -NSE: APEXECO
Market Cap₹ 357 Cr.
Current Price₹ 182
High / Low₹ 297 / 102
Stock P/E0.0
Book Value₹ 35
Price to Book2.25
Dividend Yield0.00 %
ROCE37.5 %
ROE28.1 %
Face Value₹ 10

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ABOUT

KEY POINTS

PROS

  • Company is almost debt free
  • Company has a healthy return on capital (ROCE) of 61.9%
  • Company has a good return on equity (ROE) track record: 3 Years ROE 51.0%
  • Operating margins have improved to 15.7% from 1.0%
  • Company comfortably covers its interest (68.4x coverage)
  • Company generates healthy free cash flow

CONS

  • Operating cash flow has been negative in recent years
  • Receivables are growing faster than sales - a possible quality concern
  • Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT -0.21x)
  • Working capital days have increased from 96 to 233 days
  • Debtor days have increased from 54 to 79

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

EDIT COLUMNS
UtilitiesBusiness ServicesEnvironmental Services
Part ofNIFTY 50NIFTY 500NIFTY LARGEMIDCAP 250NIFTY 100NIFTY 200
S.No.NameCMP Rs.P/EMar Cap Rs.Cr.Div Yld %NP Qtr Rs.Cr.Qtr Profit Var %Sales Qtr Rs.Cr.Qtr Sales Var %ROCE %OPM %
1.WABAG1976.1531.2712346.620.2590.1036.93886.8020.8221.229.59
2.IONEXCHANG372.6055.725464.800.343.06-93.68700.4620.1113.464.59
3.AWHCL381.2018.521081.930.130.75-96.74260.995.5213.1114.25
4.ECORECO460.9037.60903.210.009.1713.3516.1975.2243.1856.27
5.CEWATER274.800.00568.730.00-175.69-4365.36853.47733.5315.16-18.72
6.APEXECO270.750.00356.990.00————37.53—
7.RACE100.0522.95172.660.001.03150.00191.0621.9110.231.99
8.BANKA78.40240.9186.000.00-0.04-295.0010.55-5.29-8.2017.27
Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

No standalone quarterly results found

We don't have this information yet. Please check back later.

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2022
20
20
Operating Profit
0
OPM %
1
Other Income
1
Interest
0
Depreciation
0
-1
Tax %
-27
Net Profit
-1
EPS
-7
Dividend Payout %
0
Minority Interest
0
Share of Associates
0
Adjusted EPS
-1
Minority Interest
0
Share of Associates
0
Adjusted EPS
-1
Mar 2023
35
30
Operating Profit
5
OPM %
13
Other Income
0
Interest
0
Depreciation
0
4
Tax %
15
Net Profit
4
EPS
39
Dividend Payout %
0
Minority Interest
0
Share of Associates
0
Adjusted EPS
4
Minority Interest
0
Share of Associates
0
Adjusted EPS
4
Mar 2024
53
44
Operating Profit
9
OPM %
18
Other Income
0
Interest
0
Depreciation
0
9
Tax %
26
Net Profit
7
EPS
68
Dividend Payout %
0
Minority Interest
0
Share of Associates
0
Adjusted EPS
7
Minority Interest
0
Share of Associates
0
Adjusted EPS
7
Mar 2025
71
60
Operating Profit
12
OPM %
17
Other Income
1
Interest
0
Depreciation
0
11
Tax %
25
Net Profit
9
EPS
6
Dividend Payout %
0
Minority Interest
0
Share of Associates
0
Adjusted EPS
6
Minority Interest
0
Share of Associates
0
Adjusted EPS
6

COMPOUNDED SALES GROWTH

10 Years:
—
5 Years:
—
3 Years:
54%

COMPOUNDED PROFIT GROWTH

10 Years:
—
5 Years:
—
3 Years:
—

STOCK PRICE CAGR

10 Years:
—
5 Years:
—
3 Years:
—
1 Year:
110%

RETURN ON EQUITY

10 Years:
—
5 Years:
—
3 Years:
51%
Last Year:
28%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Corporate actions

No bonus data found

Mar 2022
Equity Capital
1
3
Trade Payables
2
4
Total Liabilities
10
2
2
0
Cash & Bank
1
6
Total Assets
10
Total Debt
1
Net Working Capital
3
Contingent Liabilities
0
Book Value per Share
40.55
Face Value
10.00
Total Debt
1
Net Working Capital
3
Contingent Liabilities
0
Book Value per Share
40.55
Face Value
10.00
Mar 2023
Equity Capital
1
6
Trade Payables
3
7
Total Liabilities
18
1
3
0
Cash & Bank
4
9
Total Assets
18
Total Debt
1
Net Working Capital
6
Contingent Liabilities
0
Book Value per Share
79.08
Face Value
10.00
Total Debt
1
Net Working Capital
6
Contingent Liabilities
0
Book Value per Share
79.08
Face Value
10.00
Mar 2024
Equity Capital
1
14
Trade Payables
4
7
Total Liabilities
25
1
2
9
Cash & Bank
10
4
Total Assets
25
Total Debt
0
Net Working Capital
14
Contingent Liabilities
0
Book Value per Share
152.13
Face Value
10.00
Total Debt
0
Net Working Capital
14
Contingent Liabilities
0
Book Value per Share
152.13
Face Value
10.00
Mar 2025
Equity Capital
13
33
Trade Payables
4
10
Total Liabilities
59
1
2
22
Cash & Bank
28
6
Total Assets
59
Total Debt
0
Net Working Capital
45
Contingent Liabilities
0
Book Value per Share
35.06
Face Value
10.00
Total Debt
0
Net Working Capital
45
Contingent Liabilities
0
Book Value per Share
35.06
Face Value
10.00

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2022
0
Cash from Investing
3
Cash from Financing
-3
-0
Free Cash Flow
0
OCF / Net Profit
-0.69
Cumulative 5-Year FCF
0
OCF / Net Profit
-0.69
Cumulative 5-Year FCF
0
Mar 2023
3
Cash from Investing
-1
Cash from Financing
-1
2
Free Cash Flow
3
OCF / Net Profit
0.99
Cumulative 5-Year FCF
0
OCF / Net Profit
0.99
Cumulative 5-Year FCF
0
Mar 2024
7
Cash from Investing
-0
Cash from Financing
1
7
Free Cash Flow
7
OCF / Net Profit
1.01
Cumulative 5-Year FCF
0
OCF / Net Profit
1.01
Cumulative 5-Year FCF
0
Mar 2025
-14
Cash from Investing
0
Cash from Financing
23
9
Free Cash Flow
-14
OCF / Net Profit
-1.64
Cumulative 5-Year FCF
0
OCF / Net Profit
-1.64
Cumulative 5-Year FCF
0

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2022
EPS (₹)
-7.21
Book Value (₹)
40.55
Dividend per Share (₹)
0.00
Cash EPS (₹)
-0.33
Operating Margin %
1.04%
Net Margin %
-3.38%
ROE %
-17.78%
ROCE %
-3.30%
-6.79%
Debtor Days
65
Inventory Days
36
Payable Days
69
32
Debt to Equity (x)
0.30x
Interest Coverage (x)
-0.44x
1.64x
Revenue Growth %
0.00%
Operating Profit Growth %
0.00%
Net Profit Growth %
0.00%
0.00%
P/E (x)
0.00x
P/B (x)
0.00x
Dividend Yield %
0.00%
0.00x
Mar 2023
EPS (₹)
38.54
Book Value (₹)
79.08
Dividend per Share (₹)
0.00
Cash EPS (₹)
4.16
Operating Margin %
13.40%
Net Margin %
10.18%
ROE %
64.43%
ROCE %
69.06%
25.83%
Debtor Days
55
Inventory Days
28
Payable Days
41
43
Debt to Equity (x)
0.08x
Interest Coverage (x)
22.32x
1.66x
Revenue Growth %
77.19%
Operating Profit Growth %
2192.53%
Net Profit Growth %
634.62%
0.00%
P/E (x)
0.00x
P/B (x)
0.00x
Dividend Yield %
0.00%
0.00x
Mar 2024
EPS (₹)
68.45
Book Value (₹)
152.13
Dividend per Share (₹)
0.00
Cash EPS (₹)
7.08
Operating Margin %
16.81%
Net Margin %
12.49%
ROE %
60.38%
ROCE %
79.07%
30.84%
Debtor Days
54
Inventory Days
18
Payable Days
32
39
Debt to Equity (x)
0.03x
Interest Coverage (x)
89.89x
2.36x
Revenue Growth %
53.53%
Operating Profit Growth %
100.90%
Net Profit Growth %
88.31%
77.62%
P/E (x)
0.00x
P/B (x)
0.00x
Dividend Yield %
0.00%
-0.94x
Mar 2025
EPS (₹)
6.49
Book Value (₹)
35.06
Dividend per Share (₹)
0.00
Cash EPS (₹)
6.66
Operating Margin %
15.71%
Net Margin %
12.07%
ROE %
28.08%
ROCE %
37.53%
20.19%
Debtor Days
79
Inventory Days
11
Payable Days
27
63
Debt to Equity (x)
0.00x
Interest Coverage (x)
68.41x
4.50x
Revenue Growth %
33.67%
Operating Profit Growth %
26.44%
Net Profit Growth %
29.11%
-90.52%
P/E (x)
12.14x
P/B (x)
2.25x
Dividend Yield %
0.00%
6.47x

Shareholding Pattern

Numbers in percentages

TRADES
Mar 2025
69.29
0.01
6.08
Government
0.00
24.62
Sep 2025
69.29
0.00
6.52
Government
0.00
24.19
Mar 2026
69.29
0.00
8.39
Government
0.00
22.33

Documents

Announcements

Nothing filed yet.

Annual Reports

Credit Ratings

Nothing filed yet.

Concalls

  • Jun 2026

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  • May 2026

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  • Mar 2026

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