Excel Industries Ltd

₹ 930 2.22%

03 Jun - 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

Market Position
The company is the No. 1 Producer of DETC (Diethylthiophosphoryl Chloride) and one of the Top 5 Producers of Phosphonates in the world. ^[1]

Website BSE NSE

Market Cap ₹ 1,165 Cr.
Current Price ₹ 930
High / Low ₹ 1,440 / 800
Stock P/E 15.9
Book Value ₹ 972
Dividend Yield 1.48 %
ROCE 8.07 %
ROE 6.12 %
Face Value ₹ 5.00

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Pros

Company has reduced debt.
Company is almost debt free.
Stock is trading at 0.96 times its book value
Company has been maintaining a healthy dividend payout of 30.0%

Cons

The company has delivered a poor sales growth of 7.86% over past five years.
Company has a low return on equity of 4.84% over last 3 years.
Working capital days have increased from 73.1 days to 105 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.

Peer comparison

Commodities Chemicals Chemicals & Petrochemicals Specialty Chemicals

Part of BSE Commodities

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Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
	226	214	198	180	234	265	269	196	248	309	270	233	281
	215	207	195	179	221	226	220	184	228	267	240	218	259
Operating Profit	11	7	3	2	13	39	49	12	20	42	30	16	22
OPM %	5%	3%	1%	1%	6%	15%	18%	6%	8%	14%	11%	7%	8%
	3	9	4	11	5	11	6	5	4	12	4	5	3
Interest	0	1	0	1	0	1	1	0	0	1	1	0	0
Depreciation	8	8	8	8	8	8	9	8	9	9	9	9	10
Profit before tax	5	7	-1	4	10	42	45	9	15	44	25	11	15
Tax %	56%	24%	-35%	33%	23%	24%	24%	26%	26%	24%	24%	25%	16%
	2	6	-1	3	7	31	34	6	11	34	19	8	13
EPS in Rs	1.87	4.46	-0.51	2.25	5.82	25.04	27.25	5.09	9.04	26.70	14.90	6.68	10.11
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	482	435	446	582	825	702	749	1,178	1,090	826	978	1,094
	409	372	402	457	574	571	627	946	960	800	855	984
Operating Profit	72	62	44	125	251	131	122	232	129	26	123	110
OPM %	15%	14%	10%	21%	30%	19%	16%	20%	12%	3%	13%	10%
	7	2	9	3	4	8	8	14	9	29	25	24
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	37
Profit before tax	50	37	28	106	233	112	100	212	104	20	111	95
Tax %	19%	31%	25%	31%	35%	17%	30%	24%	25%	25%	25%	23%
	41	25	21	73	152	93	70	160	78	15	84	73
EPS in Rs	34.07	19.53	16.55	57.71	120.96	74.36	55.84	127.41	62.41	12.02	66.42	58.39
Dividend Payout %	21%	23%	36%	22%	16%	13%	20%	18%	18%	46%	21%	24%

Compounded Sales Growth
10 Years:	10%
5 Years:	8%
3 Years:	0%
TTM:	12%

Compounded Profit Growth
10 Years:	11%
5 Years:	1%
3 Years:	-2%
TTM:	-6%

Stock Price CAGR
10 Years:	13%
5 Years:	-3%
3 Years:	4%
1 Year:	-24%

Return on Equity
10 Years:	11%
5 Years:	8%
3 Years:	5%
Last Year:	6%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	6	6	6	6	6	6	6	6	6	6	6	6
Reserves	178	201	352	434	584	595	710	926	985	1,069	1,171	1,215
	95	89	68	10	7	24	9	7	3	2	12	8
	106	121	132	167	181	197	229	292	230	334	272	331
Total Liabilities	384	418	559	618	779	823	953	1,232	1,225	1,412	1,461	1,560
	157	164	180	199	235	376	389	427	428	424	455	472
CWIP	3	3	8	23	12	10	17	21	19	19	13	38
Investments	14	14	152	175	261	156	209	295	359	583	635	589
	210	237	218	220	272	281	339	489	419	386	359	462
Total Assets	384	418	559	618	779	823	953	1,232	1,225	1,412	1,461	1,560

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	44	46	35	120	135	110	90	109	127	73	63	54
	-27	-27	12	-48	-109	-65	-48	-106	-117	-52	-46	-26
	-23	-17	-48	-73	-24	-31	-17	-17	-35	-17	-16	-27
Net Cash Flow	-5	1	-1	-2	2	14	25	-14	-25	4	2	1
Free Cash Flow	13	21	-1	68	90	45	43	35	95	44	21	-23
CFO/OP	75%	97%	108%	116%	85%	105%	93%	68%	120%	300%	53%	66%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	80	107	95	75	68	78	84	62	52	82	81	87
Inventory Days	103	102	84	76	72	90	71	103	78	80	70	78
Days Payable	84	115	98	123	106	122	126	112	64	139	102	91
Cash Conversion Cycle	99	93	81	27	33	46	29	52	67	23	49	74
Working Capital Days	27	29	46	54	58	48	50	60	60	57	57	105
ROCE %	24%	17%	11%	26%	45%	19%	15%	26%	11%	2%	9%	8%

Insights

In beta

Mar 2015

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Export Share of Total Revenue
%

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Number of Manufacturing Locations
Number

Number of R&D Scientists
Number

Agrochemical Intermediates Revenue Share
%

Process Volume Capacity
Million Litres

Estimated Annual Production Volume
Metric Tonnes

Total Capacity Utilization
%

R&D Expenditure (Percentage of Turnover)
%

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
	52.60%	52.60%	52.60%	52.60%	52.58%	52.56%	52.57%	52.66%	52.68%	52.68%	52.69%	52.69%
	0.74%	0.70%	0.66%	0.56%	0.89%	1.56%	2.17%	2.05%	2.08%	2.01%	2.01%	1.94%
	6.99%	6.97%	6.97%	6.97%	6.97%	6.97%	7.00%	6.98%	6.98%	7.06%	7.07%	7.07%
	39.68%	39.72%	39.75%	39.86%	39.56%	38.91%	38.26%	38.32%	38.27%	38.27%	38.25%	38.31%
No. of Shareholders	25,925	26,202	26,612	26,725	24,063	22,979	22,448	22,820	22,297	22,593	22,084	21,703

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	52.38%	52.38%	52.38%	52.80%	52.80%	52.49%	52.59%	52.60%	52.66%	52.69%
	0.00%	0.15%	0.82%	0.26%	0.19%	0.41%	0.85%	0.56%	2.05%	1.94%
	7.73%	7.74%	7.79%	7.31%	7.27%	7.35%	6.99%	6.97%	6.98%	7.07%
	39.89%	39.72%	39.02%	39.63%	39.74%	39.75%	39.55%	39.86%	38.32%	38.31%
No. of Shareholders	13,271	12,992	17,236	18,768	22,498	25,969	25,044	26,725	22,820	21,703

* 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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