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 15.4
Book Value ₹ 1,355
Dividend Yield 1.48 %
ROCE 6.06 %
ROE 4.60 %
Face Value ₹ 5.00

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Pros

Company has reduced debt.
Company is almost debt free.
Stock is trading at 0.69 times its book value
Company has been maintaining a healthy dividend payout of 27.9%

Cons

The company has delivered a poor sales growth of 7.87% over past five years.
Company has a low return on equity of 3.73% over last 3 years.
Working capital days have increased from 70.1 days to 106 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

Consolidated Figures in Rs. Crores / View Standalone

	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	310	270	234	281
	215	207	195	179	221	226	220	184	228	267	240	218	259
Operating Profit	11	8	3	1	12	39	49	12	20	42	30	16	22
OPM %	5%	4%	1%	1%	5%	15%	18%	6%	8%	14%	11%	7%	8%
	3	9	7	11	5	11	8	5	6	12	7	5	3
Interest	0	1	0	1	0	1	1	0	0	1	1	0	0
Depreciation	8	9	8	8	8	8	9	9	9	9	9	9	10
Profit before tax	5	8	2	4	9	41	47	8	16	44	27	11	15
Tax %	57%	24%	9%	34%	25%	25%	24%	26%	24%	24%	23%	25%	16%
	2	6	2	3	7	31	36	6	12	34	21	8	12
EPS in Rs	1.72	4.68	1.42	2.13	5.31	24.68	28.38	4.93	9.87	26.86	16.86	6.71	9.77
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	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	448	462	599	825	702	749	1,178	1,090	826	978	1,095
	409	385	419	474	574	571	628	946	961	801	857	985
Operating Profit	72	63	44	125	250	131	122	232	129	25	121	110
OPM %	15%	14%	9%	21%	30%	19%	16%	20%	12%	3%	12%	10%
	7	3	9	4	5	10	9	15	12	32	29	27
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	51	38	27	107	234	115	101	213	106	23	113	98
Tax %	19%	31%	26%	31%	34%	16%	29%	24%	24%	25%	24%	23%
	41	26	20	74	153	96	71	161	80	17	85	76
EPS in Rs	34.59	20.18	15.93	58.78	122.07	76.42	56.55	128.23	63.59	13.53	67.86	60.20
Dividend Payout %	20%	22%	38%	21%	15%	13%	20%	18%	18%	41%	20%	23%

Compounded Sales Growth
10 Years:	9%
5 Years:	8%
3 Years:	0%
TTM:	12%

Compounded Profit Growth
10 Years:	11%
5 Years:	1%
3 Years:	-2%
TTM:	-4%

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

Return on Equity
10 Years:	9%
5 Years:	6%
3 Years:	4%
Last Year:	5%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	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	180	204	404	526	693	695	845	1,143	1,235	1,421	1,582	1,697
	95	89	68	10	7	24	9	7	3	2	12	8
	106	121	141	186	209	212	251	330	248	367	319	394
Total Liabilities	387	421	619	728	916	937	1,111	1,487	1,493	1,795	1,920	2,105
	158	164	183	203	238	376	389	427	428	428	459	476
CWIP	3	3	8	23	12	10	17	21	19	19	13	38
Investments	23	27	211	282	394	264	365	547	625	984	1,085	1,126
	204	227	216	220	272	287	340	492	421	365	364	466
Total Assets	387	421	619	728	916	937	1,111	1,487	1,493	1,795	1,920	2,105

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	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	31	119	135	110	91	109	125	72	62	53
	-27	-27	16	-45	-111	-61	-53	-104	-118	-51	-41	-25
	-23	-17	-48	-73	-24	-31	-17	-17	-35	-17	-16	-27
Net Cash Flow	-6	1	-1	1	-0	17	21	-12	-27	4	4	1
Free Cash Flow	13	21	-6	67	90	44	43	35	94	41	19	-25
CFO/OP	75%	104%	108%	116%	85%	105%	94%	68%	120%	314%	52%	65%

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	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	103	95	76	70	78	84	62	52	82	81	87
Inventory Days	103	99	86	79	75	90	71	103	78	80	70	78
Days Payable	84	112	98	123	108	122	126	112	64	139	102	91
Cash Conversion Cycle	99	90	83	32	36	46	29	52	67	23	49	74
Working Capital Days	28	27	42	50	57	49	51	61	61	47	58	106
ROCE %	24%	18%	10%	22%	38%	17%	13%	21%	9%	2%	7%	6%

Insights

In beta

Mar 2015

Mar 2016

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Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Export Share of Total Revenue
% ・Standalone data

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Number of Manufacturing Locations
Number ・Standalone data

Number of R&D Scientists
Number ・Standalone data

Agrochemical Intermediates Revenue Share
% ・Standalone data

Process Volume Capacity
Million Litres ・Standalone data

Estimated Annual Production Volume
Metric Tonnes ・Standalone data

Total Capacity Utilization
% ・Standalone data

R&D Expenditure (Percentage of Turnover)
% ・Standalone data

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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