Excel Industries Ltd Stock Analysis

BSE: 500650 | NSE: EXCELINDUS | Pesticides & Agrochemicals | Small Cap

BSE Share Price 23-Sep-2022 18:01
1284.60 -46.20 (-3.47%)

DeciZen - Make an Informed Decision on Excel Industries

Overall Rating

1. Quality

2. Valuation

Fair

3. Price Trend

Semi Strong

Excel Industries Price Chart

P/E Ratio (SA) :
9.18
Market Cap :
1,614.8 Cr.
52-wk low :
824.7
52-wk high :
1,818.2
Bole Toh?

1. Is Excel Industries Ltd a good quality company?

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

2. Is Excel Industries Ltd undervalued or overvalued?

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

3. Is Excel Industries Ltd a good buy now?

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.

10 Year X-Ray of Excel Industries:

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

Value Creation Index Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
ROCE % 11.9%11.2%19.1%11.9%8.5%18%29.8%15.8%10.8%19.6%-
Value Creation Index -0.2-0.20.4-0.2-0.40.31.10.1-0.20.4-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 3844164824484625998257027491,1781,275
YoY Gr. Rt. %-8.3%15.8%-6.9%3.1%29.6%37.8%-14.9%6.7%57.2%-
Adj EPS 14.315.834.319.618.158.7122.374.556.1127.8140
YoY Gr. Rt. %-11.1%116.7%-42.9%-7.5%223.8%108.2%-39.1%-24.7%127.7%-
BVPS (₹) 122.8134.5152.7160.4284.9350.4469.8478.2569.5742771.5
Adj Net Profit 15.517.340.925.322.873.815493.770.6161176
Cash Flow from Ops. 27.513.444.245.635.112013511090.2109-
Debt/CF from Ops. 2.77.62.221.90.10.10.20.10.1-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 13.3%20.6%12.6%57.2%
Adj EPS 27.6%47.8%1.5%127.7%
BVPS 22.121.116.530.3
Share Price 32.4% 25.8% 11.7% 27.5%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on Equity % 12.112.224.5138.118.529.815.710.719.518.5
Op. Profit Mgn % 10.79.515.2141020.930.518.616.519.719.9
Net Profit Mgn % 44.28.55.64.912.318.613.39.413.613.8
Debt to Equity 0.50.70.50.40.200000-
Working Cap Days 1691461331641621291071381341100
Cash Conv. Cycle 636162736642275046350

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 18.50%

Sales growth is growing at healthy rate in last 3 years 12.61%

Sales growth is good in last 4 quarters at 49.58%

Net Profit has been subdued in last 3 years 1.48%

Latest Financials - Excel Industries Ltd.

Standalone Consolidated
TTM EPS (₹) 140 140.7
TTM Sales (₹ Cr.) 1,275 1,275
BVPS (₹.) 771.5 943.8
Reserves (₹ Cr.) 964 1,180
P/BV 1.67 1.37
PE 9.18 9.18
From the Market
52 Week Low / High (₹) 824.65 / 1818.15
All Time Low / High (₹) 9.17 / 1906.95
Market Cap (₹ Cr.) 1,615
Equity (₹ Cr.) 6.3
Face Value (₹) 5
Industry PE 33.7

Management X-Ray of Excel Industries :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Excel Industries

Adj EPS (Rs.)
Sales (Cr.)
ROE (%)
ROCE (%)

News

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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