Excel Industries Ltd

Excel Industries Ltd

₹ 1,019 -3.68%
28 May - close price
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]

  • Market Cap 1,280 Cr.
  • Current Price 1,019
  • High / Low 1,135 / 699
  • Stock P/E 84.7
  • Book Value 856
  • Dividend Yield 1.10 %
  • ROCE 2.13 %
  • ROE 1.46 %
  • Face Value 5.00

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Stock is trading at 1.19 times its book value
  • Company has been maintaining a healthy dividend payout of 27.2%

Cons

  • The company has delivered a poor sales growth of 0.03% over past five years.
  • Company has a low return on equity of 9.02% over last 3 years.
  • Earnings include an other income of Rs.29.4 Cr.
  • Debtor days have increased from 65.2 to 81.6 days.
  • Working capital days have increased from 85.2 days to 133 days

* 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.

Loading peers table ...

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
218.68 231.91 230.92 350.52 364.67 328.81 311.95 222.97 226.09 214.28 198.04 180.28 233.54
180.02 199.38 202.49 247.80 297.90 273.61 279.34 194.85 215.11 207.49 195.35 178.53 220.66
Operating Profit 38.66 32.53 28.43 102.72 66.77 55.20 32.61 28.12 10.98 6.79 2.69 1.75 12.88
OPM % 17.68% 14.03% 12.31% 29.31% 18.31% 16.79% 10.45% 12.61% 4.86% 3.17% 1.36% 0.97% 5.52%
0.96 3.77 0.92 8.40 1.13 2.65 3.50 1.85 2.56 9.02 4.38 11.05 4.90
Interest 0.43 0.60 0.47 0.43 0.42 0.50 0.92 0.36 0.39 0.58 0.26 0.73 0.27
Depreciation 6.95 7.21 7.50 8.21 7.74 7.77 7.91 7.85 7.84 7.81 7.78 7.85 7.98
Profit before tax 32.24 28.49 21.38 102.48 59.74 49.58 27.28 21.76 5.31 7.42 -0.97 4.22 9.53
Tax % 38.21% 25.41% 25.02% 23.74% 25.16% 25.25% 25.62% 13.88% 55.93% 24.26% 35.05% 32.94% 23.40%
19.91 21.25 16.03 78.16 44.71 37.07 20.29 18.74 2.35 5.61 -0.64 2.83 7.31
EPS in Rs 15.84 16.90 12.75 62.18 35.57 29.49 16.14 14.91 1.87 4.46 -0.51 2.25 5.82
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
384 416 482 435 446 582 825 702 749 1,178 1,090 826
344 376 409 372 402 457 574 571 627 946 960 802
Operating Profit 40 40 72 62 44 125 251 131 122 232 129 24
OPM % 10% 10% 15% 14% 10% 21% 30% 19% 16% 20% 12% 3%
4 4 7 2 9 3 4 8 8 14 9 29
Interest 12 12 14 13 11 7 3 4 3 3 3 2
Depreciation 10 11 15 15 14 15 18 23 27 31 31 31
Profit before tax 22 21 50 37 28 106 233 112 100 212 104 20
Tax % 32% 15% 19% 31% 25% 31% 35% 17% 30% 24% 25% 25%
15 17 41 25 21 73 152 93 70 160 78 15
EPS in Rs 13.59 16.03 34.07 19.53 16.55 57.71 120.96 74.36 55.84 127.41 62.41 12.02
Dividend Payout % 22% 23% 21% 23% 36% 22% 16% 13% 20% 18% 18% 46%
Compounded Sales Growth
10 Years: 7%
5 Years: 0%
3 Years: 3%
TTM: -24%
Compounded Profit Growth
10 Years: -2%
5 Years: -37%
3 Years: -40%
TTM: -81%
Stock Price CAGR
10 Years: 25%
5 Years: -2%
3 Years: -1%
1 Year: 20%
Return on Equity
10 Years: 13%
5 Years: 10%
3 Years: 9%
Last Year: 1%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 5 5 6 6 6 6 6 6 6 6 6 6
Reserves 128 141 176 201 352 434 584 595 710 926 985 1,069
73 102 95 89 68 10 7 24 9 7 3 2
95 100 108 121 132 167 181 197 229 292 230 334
Total Liabilities 302 349 384 418 559 618 779 823 953 1,232 1,225 1,412
121 128 157 164 180 199 235 376 389 427 428 424
CWIP 5 20 3 3 8 23 12 10 17 21 19 18
Investments 14 14 14 14 152 175 261 156 209 295 359 583
162 187 210 237 218 220 272 281 339 489 419 386
Total Assets 302 349 384 418 559 618 779 823 953 1,232 1,225 1,412

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
28 13 44 46 35 120 135 110 90 109 127 73
-25 -32 -27 -27 12 -48 -109 -65 -48 -106 -117 -52
-4 20 -23 -17 -48 -73 -24 -31 -17 -17 -35 -17
Net Cash Flow -2 1 -5 1 -1 -2 2 14 25 -14 -25 4

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 84 89 80 107 95 75 68 78 84 62 52 82
Inventory Days 77 74 103 102 84 76 72 90 71 103 78 77
Days Payable 91 81 84 115 98 123 106 122 126 112 64 134
Cash Conversion Cycle 71 82 99 93 81 27 33 46 29 52 67 24
Working Capital Days 70 76 73 86 88 58 60 60 53 62 60 133
ROCE % 17% 14% 24% 18% 11% 26% 45% 19% 15% 26% 11%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 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 25,59026,74525,56625,96926,63625,67625,03425,04425,92526,20226,61226,725

* 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.

Click on the line-items to see the names of individual entities.

Documents