Excel Industries Ltd

₹ 879 -2.41%

19 Apr - close price

excelind.co.in BSE: 500650 NSE : EXCELINDUS

About

Excel Industries is engaged in manufacturing and selling of Chemicals, Pharma intermediates and Environmental products. ^[1]

Key Points

Products
Agrochemical intermediates: Used as intermediates in the manufacturing of various insecticides and herbicides.
Speciality Chemicals: Specialty and performance chemicals such as Phosphonates, Biocides, and Mining chemicals.
Polymer Inputs: These are used as cross-linking or branching agents for polymers like Polycarbonates, Epoxy, Polyesters, and similar systems.
Pharma APIs: APIs used in antidiabetic and anti-gout therapeutic applications. It also manufactures veterinary APIs which are used as animal feed supplements. ^[1] ^[2]

Website BSE NSE

Market Cap ₹ 1,105 Cr.
Current Price ₹ 879
High / Low ₹ 1,018 / 699
Stock P/E 109
Book Value ₹ 815
Dividend Yield 1.28 %
ROCE 11.1 %
ROE 8.19 %
Face Value ₹ 5.00

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Pros

Company has reduced debt.
Company is almost debt free.
Stock is trading at 1.08 times its book value
Company has been maintaining a healthy dividend payout of 18.6%
Debtor days have improved from 66.1 to 52.4 days.

Cons

Company has a low return on equity of 12.6% over last 3 years.
Earnings include an other income of Rs.27.0 Cr.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Agro Chemicals Industry: Pesticides / Agrochemicals - Indian

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Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
	213.58	218.68	231.91	230.92	350.52	364.67	328.81	311.95	222.97	226.09	214.28	198.04	180.28
	173.92	180.02	199.38	202.49	247.80	297.90	273.61	279.34	194.85	215.11	207.49	195.35	178.53
Operating Profit	39.66	38.66	32.53	28.43	102.72	66.77	55.20	32.61	28.12	10.98	6.79	2.69	1.75
OPM %	18.57%	17.68%	14.03%	12.31%	29.31%	18.31%	16.79%	10.45%	12.61%	4.86%	3.17%	1.36%	0.97%
	2.48	0.96	3.77	0.92	8.40	1.13	2.65	3.50	1.85	2.56	9.02	4.38	11.05
Interest	0.49	0.43	0.60	0.47	0.43	0.42	0.50	0.92	0.36	0.39	0.58	0.26	0.73
Depreciation	6.83	6.95	7.21	7.50	8.21	7.74	7.77	7.91	7.85	7.84	7.81	7.78	7.85
Profit before tax	34.82	32.24	28.49	21.38	102.48	59.74	49.58	27.28	21.76	5.31	7.42	-0.97	4.22
Tax %	25.76%	38.21%	25.41%	25.02%	23.74%	25.16%	25.25%	25.62%	13.88%	55.93%	24.26%	35.05%	32.94%
	25.86	19.91	21.25	16.03	78.16	44.71	37.07	20.29	18.74	2.35	5.61	-0.64	2.83
EPS in Rs	20.57	15.84	16.90	12.75	62.18	35.57	29.49	16.14	14.91	1.87	4.46	-0.51	2.25
Raw PDF

Upcoming result date: 24 May 2024

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
	316	384	416	482	435	446	582	825	702	749	1,178	1,090	819
	297	344	376	409	372	402	457	574	571	627	946	960	796
Operating Profit	18	40	40	72	62	44	125	251	131	122	232	129	22
OPM %	6%	10%	10%	15%	14%	10%	21%	30%	19%	16%	20%	12%	3%
	19	4	4	7	2	9	3	4	8	8	14	9	27
Interest	9	12	12	14	13	11	7	3	4	3	3	3	2
Depreciation	10	10	11	15	15	14	15	18	23	27	31	31	31
Profit before tax	19	22	21	50	37	28	106	233	112	100	212	104	16
Tax %	21%	32%	15%	19%	31%	25%	31%	35%	17%	30%	24%	25%
	15	15	17	41	25	21	73	152	93	70	160	78	10
EPS in Rs	13.46	13.59	16.03	34.07	19.53	16.55	57.71	120.96	74.36	55.84	127.41	62.41	8.07
Dividend Payout %	15%	22%	23%	21%	23%	36%	22%	16%	13%	20%	18%	18%

Compounded Sales Growth
10 Years:	11%
5 Years:	13%
3 Years:	16%
TTM:	-33%

Compounded Profit Growth
10 Years:	18%
5 Years:	1%
3 Years:	-6%
TTM:	-92%

Stock Price CAGR
10 Years:	28%
5 Years:	-4%
3 Years:	3%
1 Year:	0%

Return on Equity
10 Years:	15%
5 Years:	16%
3 Years:	13%
Last Year:	8%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Sep 2023
Equity Capital	5	5	5	6	6	6	6	6	6	6	6	6	6
Reserves	118	128	141	176	201	352	434	584	595	710	926	985	1,018
	75	73	102	95	89	68	10	7	24	9	7	3	2
	86	95	100	108	121	132	167	181	197	229	292	230	257
Total Liabilities	284	302	349	384	418	559	618	779	823	953	1,232	1,225	1,283
	107	121	128	157	164	180	199	235	376	389	427	428	413
CWIP	6	5	20	3	3	8	23	12	10	17	21	19	27
Investments	14	14	14	14	14	152	175	261	156	209	295	359	553
	157	162	187	210	237	218	220	272	281	339	489	419	290
Total Assets	284	302	349	384	418	559	618	779	823	953	1,232	1,225	1,283

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
	15	28	13	44	46	35	120	135	110	90	109	127
	-15	-25	-32	-27	-27	12	-48	-109	-65	-48	-106	-117
	4	-4	20	-23	-17	-48	-73	-24	-31	-17	-17	-35
Net Cash Flow	4	-2	1	-5	1	-1	-2	2	14	25	-14	-25

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Debtor Days	97	84	89	80	107	95	75	68	78	84	62	52
Inventory Days	103	77	74	103	102	84	76	72	90	71	103	78
Days Payable	98	91	81	84	115	98	123	106	122	126	112	64
Cash Conversion Cycle	102	71	82	99	93	81	27	33	46	29	52	67
Working Capital Days	78	70	76	73	86	88	58	60	60	53	62	60
ROCE %	11%	17%	14%	24%	18%	11%	26%	45%	19%	15%	26%	11%

Shareholding Pattern

Numbers in percentages

	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
	52.77%	52.49%	52.49%	52.49%	52.60%	52.59%	52.59%	52.59%	52.60%	52.60%	52.60%	52.60%
	0.21%	0.24%	0.27%	0.41%	0.63%	0.77%	0.77%	0.85%	0.74%	0.70%	0.66%	0.56%
	7.45%	7.39%	7.35%	7.35%	7.24%	7.24%	7.22%	6.99%	6.99%	6.97%	6.97%	6.97%
	39.57%	39.88%	39.88%	39.75%	39.52%	39.39%	39.40%	39.55%	39.68%	39.72%	39.75%	39.86%
No. of Shareholders	25,590	26,745	25,566	25,969	26,636	25,676	25,034	25,044	25,925	26,202	26,612	26,725

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	52.38%	52.38%	52.38%	52.80%	52.80%	52.49%	52.59%	52.60%
	0.00%	0.15%	0.82%	0.26%	0.19%	0.41%	0.85%	0.56%
	7.73%	7.74%	7.79%	7.31%	7.27%	7.35%	6.99%	6.97%
	39.89%	39.72%	39.02%	39.63%	39.74%	39.75%	39.55%	39.86%
No. of Shareholders	13,271	12,992	17,236	18,768	22,498	25,969	25,044	26,725

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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