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Prices as of 9 Oct 2026 close · Not investment advice

Excel Industries Limited

NSE: EXCELINDUSSpecialty Chemicals

Share price

₹923.60

+0.53% close of 9 Oct 2026

Market cap ₹1,108 CrP/E 15.5

Price-based ratios (P/B, dividend yield, EV/EBITDA) are as of 8 Oct 2026, the close above is 9 Oct 2026.

Business score

How strong the business is, in one number. The parts behind it are in Pro.

57

out of 100 · worked out 8 Oct 2026

Your ratios

The numbers you want to see first. Tap Edit to change them.

Market cap

₹1,108 Cr

P/E ratio

15.5

P/B ratio

0.7

ROCE

6.2%

ROE

4.6%

Dividend yield

1.5%

Price & valuation chart

How the share price and its valuation have moved. Hover over the chart to see any day. Prices as of the last close.

Prices as of 9 Oct 2026 close52-week high ₹1,149.0052-week low ₹806.40

Answers

Simple answers to the questions investors ask most, from the company's own numbers.

How fast it has been growing

Sales grew 5.5% over the past year, and 9.9% a year over its longer record. Meanwhile what it keeps of every 100 rupees of sales slipped from 19.2% to 10.0% over the last four years.

Whether it grew faster than its sector

It grew 9.9% a year against a sector median of 10.2% — 0.3 percentage points slower.

Room to re-rate, or risk of de-rating

At 15.5× earnings against a market that pays 24.1× across 2199 companies we can price. Its own industry sits at 52.6×, across 5 companies. It is against its own five-year median of 15.5×, the 50th percentile of its own range.

Whether growth justifies the valuation

Its earnings are falling, so growth cannot justify the price.

Profit growthPrice per ₹1 profitPer 1% growth
Excel Industries Limited — this one-2%/yr15.5×—
Gujarat Fluorochemicals Limited-24%/yr79.7×—
Navin Fluorine International Limited21%/yr52.6×₹2.5
Aether Industries Limited20%/yr96.9×₹4.8
Deepak Nitrite Limited-13%/yr27.6×—
Atul Limited9%/yr21.5×₹2.4

Compared with companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

How it compares with its peers

Against companies the exchange files under the same label (Specialty Chemicals), it ranks 56 of 73 on returns, 42 of 72 on growth, 50 of 73 on margin. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

What makes it hard to beat — and is that still true?

No durable advantage shows in the numbers: it earns 6.2% on capital, ahead of 23% of companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

Whether its growth pays for itself

Yes — Over the last five years it made ₹421 crore of cash from the business, spent ₹257 crore on plant and equipment, and returned ₹112 crore to lenders and shareholders. And the profit is real: of every 100 rupees it reported over 12 years, about 111 arrived as cash (before interest, which is why it can exceed the profit).

Profit reality check

Is the profit real cash? Simple checks on the accounts. Facts only, not advice.

8 of 9 checks clear · 89%

Latest result · Q1 FY27

What the last results showed. Whether management kept its word is in Pro.

Announced 13 Aug 2026 · Consolidated · Unaudited

Revenue

₹294 Cr

Revenue vs last year

-5.1%

Revenue vs last quarter

+4.5%

Net profit

₹29 Cr

Profit vs last year

-13.3%

Profit vs last quarter

+145.6%

Net margin

10.0%

EPS

₹23.44

Checklist before you investPRO

Points for and against, in one list.

Key numbers & peers

The main numbers grouped by topic, and how the company compares with similar ones.

Price

Market cap
₹1,108 Cr
Prev close
₹923.60
52w High
₹1,168
52w Low
₹800
Enterprise value
₹972 Cr
Beta
1.0
Price CAGR 1y
-19.0%
Price CAGR 3y
3.0%
Price CAGR 5y
-3.0%
Price CAGR 10y
8.0%

Ratios

Return on assets
3.6%
PEG ratio
-8.1
P/E ratio
15.5
P/B ratio
0.7
EV / EBITDA
8.8
Industry P/E
31.9
ROCE
6.2%
ROCE 5y average
9.0%
ROE
4.6%
Debt / Equity
0.0
Interest coverage
25.5
Dividend yield
1.5%
ROE 3y average
4.0%
ROE last year
5.0%

Annual P&L

Annual revenue
₹1,095 Cr
Annual profit
₹76 Cr
Operating margin
10.0%
Net profit margin
6.9%
EBITDA margin
10.4%
Sales growth 3y
0.2%
Sales growth 5y
7.9%
Profit growth 3y
-2.0%
Profit growth 5y
2.0%
EPS
₹60.2
Sales growth TTM
5.0%
Profit growth TTM
-19.0%
Dividend payout
23.0%

Quarter P&L

Sales latest quarter
₹294 Cr
Profit latest quarter
₹29 Cr
YoY quarterly sales growth
-5.1%
YoY quarterly profit growth
-14.7%
OPM latest quarter
14.4%

Balance Sheet

Book Value
₹1,419
Face Value
₹5.0
Total debt
₹8 Cr
Total cash
₹18 Cr
Borrowings
₹8 Cr
Reserves / Equity
282.8

Cash Flow

Operating cash flow
₹53 Cr
Free cash flow
-₹25 Cr
FCF yield
-2.6%
Net cash flow
₹1 Cr

Shareholding

Promoter holding
51.9%
FII holding
1.9%
DII holding
7.1%
Public holding
39.2%

Peer comparison

CompanyPrice ₹P/EMkt cap ₹ CrDiv yield %Profit qtr ₹ CrProfit var %Sales qtr ₹ CrSales var %ROCE %
Pidilite Inds.1,488.5057.21,51,6100.77883.528.24,551.621.331.0
Gujarat Fluoroch4,555.9081.050,0470.07219.021.41,588.024.09.6
Navin Fluo.Intl.8,490.0054.843,5660.18243.3107.71,045.144.121.0
Aether Industri.1,787.6098.923,7270.0062.828.0326.627.311.9
Deepak Nitrite1,553.9026.821,1940.48345.0207.52,577.636.411.4
Aarti Industries491.2534.117,8200.20155.0256.52,387.042.56.9
Atul5,999.5022.217,6640.50253.992.01,848.025.014.9
Excel Industries923.9016.31,1611.4929.5-12.7293.8-5.16.2
Median367.3029.71,1020.2413.552.2175.326.413.8

Competes with: Aarti Industries Limited, Aether Industries Limited, Atul Limited, BASF India Limited, Deepak Nitrite Limited, Gujarat Fluorochemicals Limited, Navin Fluorine International Limited, Pidilite Industries, Prasol Chemicals Limited

Quarterly results

Sales and profit for each of the last 13 quarters. Newest on the right. ₹ crore.

Consolidated · to 30 Jun 2026
Line itemJun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales214198180234265269196248310270234281294
Expenses207195179221226220184228267240218259251
Material Cost158119154163
Change in Inventories-135.816.52-17
Purchases of Stock-in-Trade1.291.630.990.90
Employee Cost33333337
Other Expenses61596568
Operating Profit83112394912204230162242
OPM %3.621.300.765.2315186.157.9014116.747.8214
Other Income9711511856127537
Exceptional items (within Other Income)0000
Interest1010110011001
Depreciation988889999991010
Profit before tax824941478164427111539
Tax %2493425252426242423251624
Net Profit62373136612342181229
EPS in Rs4.681.422.135.3125284.939.8727176.719.7723
Diluted EPS in Rs176.719.7723

Profit & loss

Yearly sales, costs and profit for 12 years, plus the last 12 months (TTM). ₹ crore.

Consolidated · to 31 Mar 2026
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales4824484625998257027491,1781,0908269781,0951,079
Expenses409385419474574571628946961801857980969
Material Cost602
Change in Inventories-5.07
Purchases of Stock-in-Trade5.10
Employee Cost133
Other Expenses250
Operating Profit72634412525013112223212925121114110
OPM %151492130191620123121010
Other Income73945109151232292422
Exceptional items (within Other Income)0
Interest1413117343333442
Depreciation15151415182327313131343738
Profit before tax513827107234115101213106231139892
Tax %193126313416292424252423
Net Profit4126207415396711618017857671
EPS in Rs3520165912276571286414686057
Diluted EPS in Rs60
Dividend Payout %202238211513201818412023

Compounded growth

Average yearly growth over different spans, as stored. A span can cross a demerger or an acquisition.

Compounded sales growth

10 years
9%
5 years
8%
3 years
0%
TTM
5%

Compounded profit growth

10 years
11%
5 years
2%
3 years
-2%
TTM
-19%

Stock price CAGR

10 years
8%
5 years
-3%
3 years
3%
1 year
-19%

Return on equity

10 years
9%
5 years
6%
3 years
4%
Last year
5%

Balance sheet

What the company owns and what it owes, at the end of each year. ₹ crore.

Consolidated
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital6666666666.296.296.29
Reserves1802044045266936958451,1431,2351,4211,5821,697
Borrowings958968107249732128
Other Liabilities106121141186209212251330248367319394
Total Liabilities3874216197289169371,1111,4871,4931,7951,9202,105
Fixed Assets158164183203238376389427428428459476
CWIP338231210172119191338
Investments23272112823942643655476259841,0851,126
Other Assets204227216220272287340492421365364465
Total Assets3874216197289169371,1111,4871,4931,7961,9202,105

Cash flows

Real money coming in and going out each year — from the business, from investments and from loans. ₹ crore.

Consolidated
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity44463111913511091109125726253
Cash from Investing Activity-27-2716-45-111-61-53-104-118-51-41-25
Cash from Financing Activity-23-17-48-73-24-31-17-17-35-17-16-27
Net Cash Flow-61-11-01721-12-27441
Free Cash Flow1321-66790444335944119-25

Ratios

How fast customers pay, how long stock sits, and how well capital earns — year by year.

Consolidated
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days8010395767078846252828187
Inventory Days10399867975907110378807081
Days Payable8411298123108122126112641398694
Cash Conversion Cycle999083323646295267236474
Working Capital Days282742505749516161475864
ROCE %24181022381713219276

Shareholding pattern

Who owns the company — founders (promoters), foreign funds, Indian funds and the public. In %.

Consolidated · to 30 Jun 2026
Line itemSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters535353535353535353535352
FIIs0.700.660.560.891.562.172.052.082.012.011.941.85
DIIs6.976.976.976.976.9776.986.987.067.077.077.08
Public404040403938383838383839
No. of Shareholders26,20226,61226,72524,06322,97922,44822,82022,29722,59322,08421,70321,439

Price trend

The price as a Renko brick chart: small moves drop out so the bigger path stands out.

Change over 1 year -18.0% (₹1,126.20 → ₹923.60)Brick size ₹29.92 (fixed)Bricks 35
₹1,000₹1,100₹924Dec '25Mar '26May '26Jul '26Sep '26
Price moved up one brickPrice moved down one brickLast close ₹923.60 on 9 Oct 2026

Every brick is the same size, about one typical day's move. A new brick needs a full brick's move; turning the other way needs two. Bricks show where the price went, not where it will go.

Open interestPRO

Where option traders are positioned on this stock.

Industry numbers

The numbers that matter most in this industry, from the company's own filings.

1 when an audit qualification is filed as repetitive

0.00flag

2026-03-31

the company's own unlisted debt securities in default at period end

0.00cr

2026-06-30

exports as % of revenue

20.70

the company's own loans / revolving facilities in default at period end (standalone filing)

0.00cr

2026-06-30

net debt from the filed balance sheet at the newest year end: Borrowings − Cash Equivalents − Investments (Current); negative = net cash

-137inr_cr

2026-03-31

guarantees / comfort given for promoter, promoter group, directors and KMP

0.00cr

2026-03-31

loans outstanding to promoter, promoter group, directors and KMP (governance filing)

0.00cr

2026-03-31

security given for the borrowing of promoter, promoter group, directors and KMP

0.00cr

2026-03-31

FY revenue / permanent employees + workers, same basis (calc)

94,16,948inr

2026-03-31

News

News and filings about Excel Industries Limited. Open one to see why it matters.

No recent news for this company.

Supply chain

Who it buys from, sells to and competes with — as recorded in our map of company links.

Competes with

Uses as raw material

  • Chlorine (Cl2)
  • Metallurgical Coke
  • Phosphate Rock
  • Pyridine / Chloropyridine precursors
  • Silica Sand (SiO2)
  • Sulphur (S)
  • Yellow Phosphorus (P4)

Sells to

  • Bayer Cropscience Limited · DETC / NaTCP organophosphate insecticide intermediates (chlorpyrifos, triazophos); Bayer '…
  • Indian agrochemical formulators (chlorpyrifos/quinalphos/triazophos) · Organophosphate intermediates — DETC (#1 global producer), NaTCP, DMPAT, P2S5
  • Sasol · Specialty phosphorus intermediates (sole-supply partner)

About

What the company is, from our own records: where it sits, where it makes things, and what it is made of.

Sector
Chemicals
Industry
Specialty Chemicals
Classification
Chemicals › Specialty Chemicals
ISIN
INE369A01029

Plants

  • Lote Parshuram Chemical Complex
  • Roha MIDC Chemical Complex
  • Visakhapatnam (Atchutapuram) Plant

News impact

Big market events that reach Excel Industries Limited, and how the effect spreads.

No recent market events reach this company.

Dividends, splits & big trades

Money paid out, share splits and buybacks, and big buys or sells by funds and insiders.

Dividends

17 Sep 2026unspecified₹13.75
14 Aug 2025unspecified₹13.75
12 Sep 2024unspecified₹5.5
7 Sep 2023unspecified₹11.25
15 Sep 2022unspecified₹22.5
16 Sep 2021unspecified₹11.25
19 Mar 2020interim₹10
5 Aug 2019unspecified₹18.75

Splits, bonuses & buybacks

  • daily-prices repair: 8 rows from NSE's archive (replace 1, delete 0, insert 7), 2016-10-30..2026-02-01 (docs/flat_day_repair.md)1× · 30 Oct 2016

Bulk & block deals

DateWhoBought / soldSharesPrice
19 Aug 2026NK SECURITIES RESEARCH PRIVATE LIMITEDSELL64,341₹1,113.23
19 Aug 2026NK SECURITIES RESEARCH PRIVATE LIMITEDBUY64,341₹1,112.42

Documents

Annual reports, results presentations and earnings calls, straight from the source.

Facts from company filings and exchange data. Not investment advice: nothing here tells you to buy or sell.