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Excel Industries Ltd (EXCELINDUS)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 500650 NSE: EXCELINDUS Pesticides & Agrochemicals | Small Cap | Excel Industries Share Price

₹951.90 -12.30 (-1.28%)

As on 18-Sep'26 16:59

Excel Industries Ltd (EXCELINDUS)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 500650 NSE: EXCELINDUS Pesticides & Agrochemicals | Small Cap | Excel Industries Share Price

₹951.90 -12.30 (-1.28%)

As on 18-Sep'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹1,197 Cr.
Current Price
₹951.9
52-Week Low / High
₹801 / 1,265
TTM EPS
₹56.8
TTM Sales
₹1,079 Cr.
Book Value per Share
₹1,378.2
P/E Ratio
16.77
In line with its 5-year historical median
Industry PE
28.5
Price to Book (P/B)
0.69
Lower than its 5-year historical median
Price to Sales (P/S)
1.11
Lower than its 5-year historical median
EV/EBITDA
8.94
In line with its 5-year historical median
Dividend Yield
1.44%
Profitability Efficiency
Return on Equity (ROE)
4.60%
Underperforms industry median
Return on Capital Employed (ROCE)
6.19%
Underperforms industry median
Return on Assets (ROA)
3.76%
Operating Profit Margin
10.7%
Net Profit Margin
6.91%
Gross Profit Margin
12.3%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
11.88%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
-7.74%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
-11.3%
Asset Quality
Promoter Holding
51.86%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹1,726 Cr.
Equity
₹6.3 Cr.
Face Value
₹5
All Time Low / High
₹9.17 / 1906.95

Excel Industries stock performance

Key Ratios
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Quality

Somewhat Good
Check detailed performance

Valuation

Undervalued

Check Valuation charts

Price Trend

Semi Strong
Check Price chart
Q.1 Is Excel Industries Ltd a good quality company?
Excel Industries Ltd is a average quality company, based on a somewhat consistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

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We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

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How does Excel Industries Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Excel Industries Ltd vs industry peers?
Excel Industries Ltd revenue CAGR is 7.87%, compared to the industry median CAGR of 1.96%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Excel Industries Ltd?
Promoters hold 51.86% of the Excel Industries Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Excel Industries Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 11.4% based on the current price.
View More

10 Year X-Ray :

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Excel Industries Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation ⓘ

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
ROCE % ⓘ10.8%25.8%45.1%19%15.3%25.9%11.1%2.2%10.2%8.3%-
Value Creation
Index ⓘ		-0.20.92.20.40.10.9-0.2-0.8-0.3-0.4-

Growth Parameters ⓘ
Sales ⓘ4465828257027491,1781,0908269781,0941,079
Sales YoY Gr.-30.5%41.8%-14.9%6.7%57.2%-7.5%-24.2%18.4%11.9%-
Adj EPS ⓘ18.459.2122.374.556.1127.862.99.6636054.8
YoY Gr.-221.4%106.6%-39.1%-24.7%127.7%-50.8%-84.7%555.2%-4.7%-
BVPS (₹) ⓘ284.9350.4469.8478.2569.5742788.9855.7936.5971.5994.7
Adj Net
Profit ⓘ		23.174.415493.770.61617912.179.175.469
Cash Flow from Ops. ⓘ35.112013511090.210912793.463.554.2-
Debt/CF from Ops. ⓘ1.90.10.10.20.10.10000-

CAGR ⓘ

9 Years 5 Years 3 Years 1 Years
Sales ⓘ10.5%7.9%0.1%11.9%
Adj EPS ⓘ14%1.4%-1.6%-4.7%
BVPSⓘ14.6%11.3%7.2%3.7%
Share Price 11.4% -1.5% 2% -18.3%

Key Financial Parameters ⓘ

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
Return on
Equity % ⓘ		8.218.629.815.710.719.58.21.276.35.6
Op. Profit
Mgn % ⓘ		10.321.630.518.616.519.711.93.112.710.710.3
Net Profit
Mgn % ⓘ		5.212.818.613.39.413.67.31.58.16.96.4
Debt to
Equity ⓘ		0.2000000000-
Working Cap
Days ⓘ		16312410113413411012615013013296
Cash Conv.
Cycle ⓘ		7145274946355461486757

Valuation of Excel Industries - Consolidated

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.030.030.030.030.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Financials

PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Sales4625998257027491,1781,0908269781,095
Operating Expenses ⓘ + 419476576572628946963802857983
Manufacturing Costs7286102110115160158137154172
Material Costs234259337314355588612487491585
Employee Cost 6574768589106105105122133
Other Costs ⓘ 49566164689388729194
Operating Profit ⓘ 4312224913012223212724121111
Operating Profit Margin (%) 9.3%20.4%30.2%18.5%16.2%19.7%11.6%2.9%12.3%10.2%
Other Income ⓘ + 10771191614343027
Exceptional Items ⓘ 0000000000
Interest ⓘ 11734333344
Depreciation ⓘ 14151823273131313437
Profit Before Tax ⓘ 271072341151012131062311398
Tax ⓘ 733811930522662822
Profit After Tax 2074153967116180178576
PAT Margin (%) 4.3%12.3%18.6%13.7%9.5%13.7%7.3%2.1%8.7%6.9%
Adjusted EPS (₹)15.958.8122.176.456.6128.263.613.567.960.2
Dividend Payout Ratio (%)37.70%21.30%15.40%13.10%19.90%17.60%17.70%40.70%20.30%22.80%
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26

Equity and Liabilities

Shareholders Fund + 4105327007018521,1491,2421,4271,5891,703
Share Capital ⓘ 6666666666
Reserves ⓘ 4045266936958451,1431,2351,4211,5821,697
Debt +608621651000
Long Term Debt9100000000
Short Term Debt507621651000
Minority Interest0000000000
Trade Payables6387100105123180107185116151
Others Liabilities ⓘ 87101110110131152143183216251
Total Liabilities ⓘ 6197289169371,1111,4871,4931,7951,9202,105

Fixed Assets

Net Fixed Assets ⓘ +182202237375388426427427443461
Gross Block197231284443481549577599644691
Accumulated Depreciation1429476893123150172201231
CWIP ⓘ 8231210172119191338
Investments ⓘ 2112823942643655476259841,0851,126
Inventories555669786916513110694129
Trade Receivables120125158150173199157185216261
Cash Equivalents 45422526887121618
Others Assets ⓘ 37364239476046625372
Total Assets ⓘ 6197289169371,1111,4871,4931,7951,9202,105
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Cash Flow From Operating Activity ⓘ + 3111913511091109125726253
PBT ⓘ 271072341151012131062311398
Adjustment ⓘ 181917152420253918
Changes in Working Capital ⓘ 219-397-11-752552-58-45
Tax Paid ⓘ -16-26-77-27-23-50-30-6-2-19
Cash Flow From Investing Activity ⓘ + 16-45-111-61-53-104-118-51-41-25
Capex -36-52-45-66-46-74-32-31-43-78
Net Investments 432-68-7-13-44-92-33-1727
Others ⓘ 942126146131925
Cash Flow From Financing Activity ⓘ + -48-73-24-31-17-17-35-17-16-27
Net Proceeds from Shares ⓘ 0000000000
Net Proceeds from Borrowing ⓘ -4-14-3-1-0-0-0000
Interest Paid ⓘ -10-6-2-2-1-1-1-1-2-2
Dividend Paid ⓘ -6-8-16-360-14-28-14-7-17
Others ⓘ -28-45-47-16-1-5-2-7-7
Net Cash Flow ⓘ -11-01721-12-27441
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Ratios
ROE (%)6.4615.6824.9113.729.1616.116.691.275.664.6
ROCE (%)9.8722.3238.0516.6213.1421.529.111.927.736.19
Asset Turnover Ratio0.970.9110.760.730.910.730.50.530.54
PAT to CFO Conversion(x)1.551.610.881.151.280.681.564.240.730.7
Working Capital Days
Receivable Days89.5073.1062.6079.8078.3057.6059.5075.1074.8079.50
Inventory Days42.7033.1027.5037.9035.6036.3049.6052.3037.4037.20
Payable Days104.50105.50101.50119117.2094.3085.60109.40111.9083.10

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Excel Industries Ltd FAQs

The current trading price of Excel Industries on 18-Sep-2026 16:59 is ₹951.9.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 17-Sep-2026 the market cap of Excel Industries stood at ₹1,196.6 Cr

The latest P/E ratio of Excel Industries as of 17-Sep-2026 is 17.36.

The latest P/B ratio of Excel Industries as of 17-Sep-2026 is 0.96.

The 52-week high of Excel Industries is ₹1,264.9 and the 52-week low is ₹801.0.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Excel Industries is ₹1,079 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that Excel Industries Ltd is a average quality company.

The key valuation ratios of Excel Industries Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Excel Industries Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

About Excel Industries Ltd

Excel Industries is engaged in manufacturing of Agrochemical intermediates, phosphates, speciality chemicals, biocides and pharma products.

Incorporated in 1960, the company’s manufacturing units are located at Maharashtra and Gujarat. Excel Industries' manufacturing facilities have received ISO 14001 and IS 18001 certifications for its quality management.

The company is engaged in conducts research and development activities for creating several custom-made products for meeting specific customer requirements.

It also focuses on waste management area, where it has taken initiative to convert Municipal Solid Waste (MSW) into Organic Soil Conditioner (enricher).

The company owns a subsidiary namely Kamaljyot Investments.

Excel Industries has mastered in technologies and processes namely Bromination, Chlorination, Acetylation, Diels Alder Reaction, Hydrogenation, Phosphorylation and Cyclisations.

Products

Agrochemical intermediates- Under this, the company manufactures a range of Phosphorus Derivatives like Phosphorous Pentasulphide, Phosphorous Trichloride, Diethylthiophosphoryl Chloride and many more. These derivatives are used in manufacturing of Organophosphorous pesticides, lube oil additives, mining chemicals, pharmaceutical, dye intermediates and fire retardant plasticizers.

Phosphates- Under this, it manufactures range of Codex, Sequacel and Dispercel. These products have applications in cooling water treatment, boiler water treatment, soaps and detergents, textile processing, bottle washing, industrial and institutional cleaners, deflocculation of slurries, antiscalant formulations for oilfields, sea water evaporators, reverse osmosis & sugar processing.

Speciality Chemicals- Under this, Excel Industries has developed speciality chemicals such as SPA, PPPBP, PEEB, DTPs, PPA, THPE, DMBPC, NICOTINIC and ESTER. These chemicals find application in ion extraction, chelation, polymer manufacture, as an additive in paper industry and as corrosion scale inhibitor.

Biocides- The company produces BIOCEL SP 85 and ACEXCEL-240. It is used as an industrial fungicide in Textiles, Paints, Guargum, Adhesives and Paper-Pulp industries and as a Slimicide and Algaecide in Cooling Water Systems.

Pharma Products- The company produces products such as TPP, DMATA.HCL, NI4, DMT-T, DMT-CI, 2-DOR and MOEBr.

Awards/ Milestones

2012 Inauguration of Pharma facility at Lote for production of advanced pharma intermediates and APIs.
ICC (Indian Chemical Council) Lifetime Achievement Award for Mr. Ashwin Shroff (Chairman, Excel Industries Ltd.)

In 2009 Environment and Biotech Division of Excel bagged an order for technology licensing and Project Management Consultancy services for setting up a 350 TPD capacity solid waste processing plant in Mauritius

Excel Industries has received Certificate of Excellence from Bayer Crop Sciences in the year 2007

It was awarded second prize for Energy Conservation and Management from Indian Chemical Council.

 

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