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Excel Industries Overview

Excel Industries Ltd is an primarily India- based chemical producer. The Company operates thru 2 segments, Chemicals, which incorporates industrial and speciality chemical compounds and pesticides intermediates, and Environment, which includes soil enricher, bio-insecticides and different bio products. Its product movement consists of chemicals for agro industry, distinctiveness chemical substances, polymer inputs, and pharmaceutical active pharmaceutical ingredients (APIs) and intermediates. The Company offers Diethyl Thio Phosphoryl Chloride ...Read More

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Excel Industries Key Financials

Market Cap ₹1199 Cr.

Stock P/E 14.1

P/B 0.7

Current Price ₹954.2

Book Value ₹ 1444.9

Face Value 5

52W High ₹1438

Dividend Yield 1.44%

52W Low ₹ 801

Excel Industries Share Price

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Volume
Price

Excel Industries Quarterly Price

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Excel Industries Peer Comparison

Excel Industries Quarterly Results

#(Fig in Cr.) Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Net Sales 198 180 234 265 269 196 248 310 270 234
Other Income 7 11 5 11 8 5 6 12 7 5
Total Income 205 192 238 276 277 202 254 322 278 239
Total Expenditure 195 179 221 226 220 184 228 267 240 218
Operating Profit 10 13 18 50 57 17 25 54 37 21
Interest 0 1 0 1 1 0 0 1 1 0
Depreciation 8 8 8 8 9 9 9 9 9 9
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 2 4 9 42 47 8 16 44 27 11
Provision for Tax 0 1 2 10 11 2 4 11 6 3
Profit After Tax 2 3 7 31 36 6 12 34 21 8
Adjustments -0 -0 -0 -0 0 0 0 0 0 0
Profit After Adjustments 2 3 7 31 36 6 12 34 21 8
Adjusted Earnings Per Share 1.4 2.1 5.3 24.7 28.4 4.9 9.9 26.9 16.9 6.7

Excel Industries Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 482 448 462 599 825 702 749 1178 1090 826 978 1062
Other Income 8 4 10 7 7 11 9 16 14 34 30 30
Total Income 489 452 472 605 832 714 759 1194 1104 860 1008 1093
Total Expenditure 410 386 419 476 576 572 628 946 963 802 857 953
Operating Profit 80 65 53 129 256 141 131 247 141 58 151 137
Interest 14 13 11 7 3 4 3 3 3 3 4 2
Depreciation 15 15 14 15 18 23 27 31 31 31 34 36
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 51 37 27 107 234 115 101 213 106 23 113 98
Provision for Tax 10 11 7 33 81 19 30 52 26 6 28 24
Profit After Tax 41 26 20 74 153 96 71 161 80 17 85 75
Adjustments 0 -0 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 41 26 20 74 153 96 71 161 80 17 85 75
Adjusted Earnings Per Share 34.6 20.2 15.9 58.8 122.1 76.4 56.5 128.2 63.6 13.5 67.9 60.4

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 18% -6% 7% 7%
Operating Profit CAGR 160% -15% 1% 7%
PAT CAGR 400% -19% -2% 8%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -12% 2% 2% 13%
ROE Average 6% 5% 8% 13%
ROCE Average 8% 6% 11% 17%

Excel Industries Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 186 211 410 532 700 701 852 1149 1242 1427 1589
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 18 10 9 1 0 0 0 0 0 0 0
Other Non-Current Liabilities 29 29 61 83 99 88 102 135 127 165 158
Total Current Liabilities 153 172 139 112 117 148 157 202 123 203 174
Total Liabilities 387 421 619 728 916 937 1111 1487 1493 1795 1920
Fixed Assets 158 164 182 202 237 375 388 426 427 427 443
Other Non-Current Assets 36 49 229 317 352 282 394 582 618 849 923
Total Current Assets 193 209 207 209 327 280 329 478 447 520 554
Total Assets 387 421 619 728 916 937 1111 1487 1493 1795 1920

Excel Industries Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 8 2 4 3 4 4 21 42 30 4 8
Cash Flow from Operating Activities 44 46 31 119 135 110 91 109 125 72 62
Cash Flow from Investing Activities -27 -27 16 -45 -111 -61 -53 -104 -118 -51 -41
Cash Flow from Financing Activities -23 -17 -48 -73 -24 -31 -17 -17 -35 -17 -16
Net Cash Inflow / Outflow -6 1 -1 1 -0 17 21 -12 -27 4 4
Closing Cash & Cash Equivalent 2 3 3 4 4 21 42 30 4 8 12

Excel Industries Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 34.59 20.18 15.94 58.78 122.07 76.43 56.55 128.24 63.59 13.53 67.87
CEPS(Rs) 46.93 32.11 27.32 70.9 136.49 94.55 78.15 152.62 88.54 38.53 94.97
DPS(Rs) 7 4.5 6 12.5 18.75 10 11.25 22.5 11.25 5.5 13.75
Book NAV/Share(Rs) 154.94 163.19 326.09 423.59 556.51 557.56 677.41 914.32 987.82 1135.23 1263.84
Core EBITDA Margin(%) 13.58 12.62 8.51 20 30.17 18.45 16.19 19.64 11.6 2.86 12.33
EBIT Margin(%) 12.27 10.2 7.62 18.61 28.78 16.84 13.82 18.37 10 3.09 11.91
Pre Tax Margin(%) 9.63 7.64 5.34 17.47 28.37 16.3 13.42 18.11 9.69 2.73 11.55
PAT Margin (%) 7.78 5.31 3.97 12.07 18.59 13.63 9.46 13.68 7.33 2.05 8.72
Cash Profit Margin (%) 10.55 8.45 6.81 14.56 20.78 16.86 13.08 16.28 10.2 5.84 12.2
ROA(%) 11.15 6.45 3.85 10.97 18.67 10.37 6.94 12.41 5.37 1.03 4.59
ROE(%) 24.72 13.19 6.46 15.68 24.91 13.72 9.16 16.11 6.69 1.27 5.66
ROCE(%) 24.26 17.23 9.87 22.32 38.05 16.62 13.14 21.52 9.11 1.92 7.73
Receivable days 71.21 86.52 89.53 73.05 62.56 79.77 78.32 57.57 59.49 75.08 74.76
Inventory Days 39.52 48.15 42.73 33.09 27.54 37.92 35.64 36.26 49.62 52.32 37.4
Payable days 82.19 104.05 104.5 105.52 101.49 119.04 117.16 94.26 85.62 109.36 119.75
PER(x) 8.22 10.76 23.87 14.74 9.4 5.85 14.87 10.69 12.52 52.38 14.28
Price/Book(x) 1.83 1.33 1.17 2.05 2.06 0.8 1.24 1.5 0.81 0.62 0.77
Dividend Yield(%) 2.46 2.07 1.58 1.44 1.63 2.24 1.34 1.64 1.41 0.78 1.42
EV/Net Sales(x) 0.89 0.81 1.17 1.83 1.75 0.8 1.35 1.41 0.84 1.06 1.23
EV/Core EBITDA(x) 5.41 5.57 10.28 8.48 5.65 3.96 7.72 6.72 6.49 15.21 7.96
Net Sales Growth(%) 15.78 -6.89 3.12 29.5 37.78 -14.85 6.69 57.18 -7.49 -24.19 18.39
EBIT Growth(%) 94.7 -22.99 -23.29 196.69 108.67 -50.05 -12.53 108.54 -49.58 -76.5 354.16
PAT Growth(%) 128.9 -36.74 -23.1 268.89 107.67 -37.39 -26.01 126.77 -50.41 -78.72 401.55
EPS Growth(%) 109.68 -41.66 -21.04 268.89 107.67 -37.39 -26.01 126.77 -50.41 -78.72 401.55
Debt/Equity(x) 0.51 0.42 0.17 0.02 0.01 0.03 0.01 0 0 0 0
Current Ratio(x) 1.26 1.22 1.5 1.87 2.8 1.89 2.09 2.36 3.63 2.56 3.19
Quick Ratio(x) 0.83 0.85 1.1 1.37 2.21 1.37 1.65 1.55 2.56 2.03 2.65
Interest Cover(x) 4.65 3.99 3.35 16.37 69.19 31.25 34.35 70.42 32.07 8.54 32.65
Total Debt/Mcap(x) 0.28 0.32 0.14 0.01 0 0.04 0.01 0 0 0 0

Excel Industries Shareholding Pattern

# Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 52.21 52.21 52.21 52.21 52.21 52.3 52.32 52.32 52.33 52.33
FII 0.66 0.56 0.88 1.55 2.16 2.04 2.06 1.99 1.99 1.93
DII 6.92 6.92 6.92 6.92 6.69 6.68 6.68 6.75 6.76 6.77
Public 39.46 39.56 39.28 38.64 38.26 38.31 38.27 38.26 38.24 38.3
Others 0.74 0.74 0.71 0.67 0.67 0.67 0.67 0.67 0.67 0.67
Total 100 100 100 100 100 100 100 100 100 100

Excel Industries News

Excel Industries Pros & Cons

Pros

  • Stock is trading at 0.7 times its book value
  • Company is almost debt free.

Cons

  • Company has a low return on equity of 5% over the last 3 years.
  • Debtor days have increased from 109.36 to 119.75days.
  • The company has delivered a poor profit growth of -2% over past five years.
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