Excel Industries Ltd

Excel Industries Ltd

₹ 879 -2.41%
19 Apr - 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 1,105 Cr.
  • Current Price 879
  • High / Low 1,018 / 699
  • Stock P/E 88.4
  • Book Value 1,105
  • Dividend Yield 1.28 %
  • ROCE 9.13 %
  • ROE 6.71 %
  • Face Value 5.00

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Stock is trading at 0.80 times its book value
  • Company has been maintaining a healthy dividend payout of 18.4%
  • Debtor days have improved from 66.1 to 52.4 days.

Cons

  • Company has a low return on equity of 10.5% over last 3 years.
  • Earnings include an other income of Rs.30.7 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

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
173.94 180.03 199.39 202.50 247.82 297.90 273.65 279.37 194.98 215.39 206.53 195.46 178.91
Operating Profit 39.64 38.65 32.52 28.42 102.70 66.77 55.16 32.58 27.99 10.70 7.75 2.58 1.37
OPM % 18.56% 17.67% 14.02% 12.31% 29.30% 18.31% 16.78% 10.44% 12.55% 4.73% 3.62% 1.30% 0.76%
2.90 1.12 4.01 2.28 8.13 1.22 2.62 5.75 1.91 2.59 9.38 7.42 11.31
Interest 0.49 0.43 0.60 0.47 0.43 0.44 0.50 0.92 0.36 0.39 0.58 0.26 0.74
Depreciation 6.83 6.95 7.21 7.50 8.21 7.74 7.77 7.91 7.85 7.84 8.84 7.78 7.85
Profit before tax 35.22 32.39 28.72 22.73 102.19 59.81 49.51 29.50 21.69 5.06 7.71 1.96 4.09
Tax % 25.78% 37.94% 25.42% 24.59% 23.82% 25.11% 25.19% 25.29% 13.88% 57.31% 23.74% 8.67% 34.47%
26.15 20.10 21.43 17.14 77.85 44.79 37.05 22.04 18.68 2.16 5.88 1.79 2.68
EPS in Rs 20.80 15.99 17.05 13.63 61.93 35.63 29.47 17.53 14.86 1.72 4.68 1.42 2.13
Raw PDF
Upcoming result date: 24 May 2024

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

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
316 384 416 482 448 462 599 825 702 749 1,178 1,090 819
297 344 376 409 385 419 474 574 571 628 946 961 796
Operating Profit 18 40 40 72 63 44 125 250 131 122 232 129 22
OPM % 6% 10% 10% 15% 14% 9% 21% 30% 19% 16% 20% 12% 3%
20 4 5 7 3 9 4 5 10 9 15 12 31
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 32
Profit before tax 19 22 21 51 38 27 107 234 115 101 213 106 19
Tax % 20% 32% 15% 19% 31% 26% 31% 34% 16% 29% 24% 24%
15 15 18 41 26 20 74 153 96 71 161 80 13
EPS in Rs 14.09 13.69 16.50 34.59 20.18 15.93 58.78 122.07 76.42 56.55 128.23 63.59 9.95
Dividend Payout % 14% 22% 23% 20% 22% 38% 21% 15% 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: 2%
3 Years: -6%
TTM: -90%
Stock Price CAGR
10 Years: 28%
5 Years: -3%
3 Years: 3%
1 Year: 0%
Return on Equity
10 Years: 13%
5 Years: 13%
3 Years: 10%
Last Year: 7%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 119 130 143 179 204 404 526 693 695 845 1,143 1,235 1,383
75 73 102 95 89 68 10 7 24 9 7 3 2
86 95 100 108 121 141 186 209 212 251 330 248 289
Total Liabilities 286 303 352 387 421 619 728 916 937 1,111 1,487 1,493 1,680
108 121 128 158 164 183 203 238 376 389 427 428 413
CWIP 6 5 20 3 3 8 23 12 10 17 21 19 27
Investments 18 22 22 23 27 211 282 394 264 365 547 625 947
155 156 181 204 227 216 220 272 287 340 492 421 293
Total Assets 286 303 352 387 421 619 728 916 937 1,111 1,487 1,493 1,680

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

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 27 13 44 46 31 119 135 110 91 109 125
-15 -25 -32 -27 -27 16 -45 -111 -61 -53 -104 -118
4 -4 20 -23 -17 -48 -73 -24 -31 -17 -17 -35
Net Cash Flow 4 -2 1 -6 1 -1 1 -0 17 21 -12 -27

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 80 103 95 76 70 78 84 62 52
Inventory Days 103 77 74 103 99 86 79 75 90 71 103 78
Days Payable 98 91 81 84 112 98 123 108 122 126 112 64
Cash Conversion Cycle 102 71 82 99 90 83 32 36 46 29 52 67
Working Capital Days 75 65 77 74 82 82 54 60 61 54 62 61
ROCE % 12% 17% 15% 24% 18% 10% 22% 38% 17% 13% 21% 9%

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.

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