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Excel Industries Limited (EXCELINDUS.NS)

INR895.30 +4.45 (+0.50%)
IN NSE Basic Materials Chemicals - Specialty
Address 184-87, Swami Vivekanand Road 400102
Mumbai, IN
CEO Ashwin Champraj Shroff
IPO 2002-07-01
ISIN INE369A01029

Explore sections of this company profile

Also trades on Bombay Stock Exchange · EXCELINDUS.BO (INR) National Stock Exchange of India · EXCELINDUS.NS (INR)
Description

Established in 1941 and headquartered in Mumbai, India, Excel Industries Limited conducts business both domestically and internationally, focusing on the production and sale of a diverse array of chemicals, pharmaceutical precursors, and ecological solutions. The company's chemical portfolio includes offerings for industrial, specialty, and mining sectors; vital agrochemical components; specific products like casscel; various phosphorus derivatives; biocides and phosphonates; along with essential polymer inputs and specialized monomers. In its environmental segment, Excel provides soil enhancers, organic pesticides, and other bio-based items. Additionally, it manufactures critical penultimate pharmaceutical intermediates, active pharmaceutical ingredients (APIs), and veterinary APIs. The company also engages in financial ventures.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
INR895.30 +4.45 (+0.50%)
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Volume Profile
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Liquidity & share structure
Average Volume
8.9K
Beta
0.39
Float Shares
5.26M
Free Float %
41.8%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-1.30% +1.67% +7.07% +4.62% +6.97% +6.41% -11.37% +17.81% -12.65% +258.10% +941.97%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
895.30
DCF (Unlevered) 1,354.07 +51.2%
DCF (Levered) 805.01 -10.1%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Quality scores
Altman Z-Score
2.74
Grey zone
Piotroski F-Score
4 / 9
Average
MOAT Score
6 / 10
Developing
Composite Rating
C
Overall Score
2 / 5
Medium
DCF Score
5 / 5
High
ROE Score
1 / 5
Low
ROA Score
1 / 5
Low
D/E Score
1 / 5
Low
P/E Score
2 / 5
Medium
P/Book Score
1 / 5
Low
Operational MOAT
✗ Below peers
  • Revenue growth Chemicals - Specialty: +4.7%
    +11.9% Q1'26: +13.5% (vs Q1'25)
  • EPS growth Chemicals - Specialty: +13.2%
    -11.2% Q1'26: -0.9% (vs Q1'25)
  • FCF margin FCF growth · Chemicals - Specialty: +44.1%
    +0.5% Q1'26: -6.1% (vs Q1'25)
  • EBIT margin Chemicals - Specialty: +8.8%
    +6.7% Q1'26: +4.4% (vs Q1'25)
  • ROIC Chemicals - Specialty: +5.6%
    +3.6% Q1'26: +2.6% (vs Q1'25)
  • Share dilution Chemicals - Specialty: +0.1%
    -0.1% Q1'26: -0.1% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Chemicals - Specialty: 0.18×
    0.07× Q1'26: 0.09× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.45) × ERP
WACC = 99% × Ke + 1% × Kd (31.3%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 1,353.82 Current price: 895.30
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Mar 1996
actual
Mar 2015
actual
Mar 2016
actual
Mar 2017
actual
Mar 2018
actual
Mar 2019
actual
Mar 2020
actual
Mar 2021
actual
Mar 2025
actual
Mar 2026
1 Rev. Ana.
1 EPS Ana.
Mar 2027
1 Rev. Ana.
1 EPS Ana.
Mar 2028
1 Rev. Ana.
1 EPS Ana.
Mar 2029
1 Rev. Ana.
1 EPS Ana.
Mar 2030
1 Rev. Ana.
1 EPS Ana.
Mar 2031
1 Rev. Ana.
1 EPS Ana.
Revenue
3.01B
est.
4.82B
est: 4.99B (-3.5%)
4.49B
est: 5.37B (-16.4%)
4.61B
est: 4.58B (+0.5%)
5.97B
est: 5.42B (+10.2%)
8.18B
est: 8.61B (-4.9%)
7.00B
est: 9.03B (-22.5%)
7.44B
est: 10.02B (-25.7%)
9.78B
est: 4.99B (+96.0%)
5.37B
5.37B – 5.37B
+7.5% YoY
4.58B
4.58B – 4.58B
-14.6% YoY
5.42B
5.42B – 5.42B
+18.2% YoY
8.61B
8.61B – 8.61B
+58.9% YoY
9.03B
9.03B – 9.03B
+4.9% YoY
10.02B
10.02B – 10.02B
+11.0% YoY
EBITDA
444.34M
est.
776.76M
est: 736.46M (+5.5%)
635.96M
est: 791.85M (-19.7%)
500.57M
est: 676.48M (-26.0%)
1.27B
est: 799.36M (+59.3%)
2.54B
est: 1.27B (+100.2%)
1.41B
est: 1.33B (+5.8%)
1.30B
est: 1.48B (-12.0%)
1.49B
est: 736.46M (+102.8%)
791.85M
791.85M – 791.85M
+7.5% YoY
676.48M
676.48M – 676.48M
-14.6% YoY
799.36M
799.36M – 799.36M
+18.2% YoY
1.27B
1.27B – 1.27B
+58.9% YoY
1.33B
1.33B – 1.33B
+4.9% YoY
1.48B
1.48B – 1.48B
+11.0% YoY
EBIT
345.29M
est.
629.77M
est: 572.29M (+10.0%)
482.01M
est: 615.33M (-21.7%)
357.46M
est: 525.68M (-32.0%)
1.12B
est: 621.17M (+80.4%)
2.36B
est: 986.85M (+139.3%)
1.18B
est: 1.04B (+14.1%)
1.03B
est: 1.15B (-10.4%)
1.15B
est: 572.29M (+101.5%)
615.33M
615.33M – 615.33M
+7.5% YoY
525.68M
525.68M – 525.68M
-14.6% YoY
621.17M
621.17M – 621.17M
+18.2% YoY
986.85M
986.85M – 986.85M
+58.9% YoY
1.04B
1.04B – 1.04B
+4.9% YoY
1.15B
1.15B – 1.15B
+11.0% YoY
Net Income
301.23M
est.
411.80M
est: 437.17M (-5.8%)
260.44M
est: 467.48M (-44.3%)
200.31M
est: 638.45M (-68.6%)
738.94M
est: 519.19M (+42.3%)
1.53B
est: 1.69B (-9.0%)
960.73M
est: 1.68B (-42.8%)
710.86M
est: 1.87B (-61.9%)
853.13M
est: 436.84M (+95.3%)
467.14M
467.14M – 467.14M
+6.9% YoY
637.98M
637.98M – 637.98M
+36.6% YoY
518.81M
518.81M – 518.81M
-18.7% YoY
1.68B
1.68B – 1.68B
+224.6% YoY
1.68B
1.68B – 1.68B
-0.3% YoY
1.87B
1.87B – 1.87B
+11.2% YoY
SGA
210.42M
est.
64.95M
est: 348.75M (-81.4%)
189.69M
est: 374.98M (-49.4%)
225.01M
est: 320.35M (-29.8%)
288.55M
est: 378.54M (-23.8%)
323.44M
est: 601.38M (-46.2%)
367.03M
est: 630.74M (-41.8%)
416.13M
est: 700.12M (-40.6%)
574.99M
est: 348.75M (+64.9%)
374.98M
374.98M – 374.98M
+7.5% YoY
320.35M
320.35M – 320.35M
-14.6% YoY
378.54M
378.54M – 378.54M
+18.2% YoY
601.38M
601.38M – 601.38M
+58.9% YoY
630.74M
630.74M – 630.74M
+4.9% YoY
700.12M
700.12M – 700.12M
+11.0% YoY
EPS
23.94
est.
36.77
est: 34.75 (+5.8%)
20.73
est: 37.16 (-44.2%)
15.88
est: 50.75 (-68.7%)
58.78
est: 41.27 (+42.4%)
122.07
est: 133.97 (-8.9%)
76.43
est: 133.52 (-42.8%)
56.55
est: 148.50 (-61.9%)
67.81
est: 34.75 (+95.1%)
37.16
37.16 – 37.16
+6.9% YoY
50.75
50.75 – 50.75
+36.6% YoY
41.27
41.27 – 41.27
-18.7% YoY
133.97
133.97 – 133.97
+224.6% YoY
133.52
133.52 – 133.52
-0.3% YoY
148.50
148.50 – 148.50
+11.2% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-22 C 2/5 5/5 1/5 1/5 1/5 2/5 1/5
2026-05-21 C 2/5 5/5 1/5 1/5 1/5 2/5 1/5
2026-05-20 C 2/5 5/5 1/5 1/5 1/5 2/5 1/5
2026-05-19 C 2/5 5/5 1/5 1/5 1/5 2/5 1/5
2026-05-18 C 2/5 5/5 1/5 1/5 1/5 2/5 1/5
2026-05-15 C+ 2/5 5/5 1/5 1/5 1/5 3/5 1/5
2026-05-14 C+ 2/5 5/5 1/5 1/5 1/5 3/5 1/5
2026-05-13 C+ 2/5 5/5 1/5 1/5 1/5 3/5 1/5
2026-05-12 C+ 2/5 5/5 1/5 1/5 1/5 3/5 1/5
2026-05-11 C+ 2/5 5/5 1/5 1/5 1/5 3/5 1/5
2026-05-08 C+ 2/5 5/5 1/5 1/5 1/5 3/5 1/5
2026-05-07 C+ 2/5 5/5 1/5 1/5 1/5 3/5 1/5
2026-05-06 C+ 2/5 5/5 1/5 1/5 1/5 3/5 1/5
2026-05-05 C+ 2/5 5/5 1/5 1/5 1/5 3/5 1/5
2026-05-04 C+ 2/5 5/5 1/5 1/5 1/5 3/5 1/5
2026-04-30 C+ 2/5 5/5 1/5 1/5 1/5 3/5 1/5
2026-04-29 C 2/5 5/5 1/5 1/5 1/5 2/5 1/5
2026-04-28 C 2/5 5/5 1/5 1/5 1/5 2/5 1/5
2026-04-27 C 2/5 5/5 1/5 1/5 1/5 2/5 1/5
2026-04-24 C 2/5 5/5 1/5 1/5 1/5 2/5 1/5
2026-04-23 C 2/5 5/5 1/5 1/5 1/5 2/5 1/5
2026-04-22 C 2/5 5/5 1/5 1/5 1/5 2/5 1/5
2026-04-21 C 2/5 5/5 1/5 1/5 1/5 2/5 1/5
2026-04-20 C 2/5 5/5 1/5 1/5 1/5 2/5 1/5
2026-04-17 C 2/5 5/5 1/5 1/5 1/5 2/5 1/5
2026-04-16 C 2/5 5/5 1/5 1/5 1/5 2/5 1/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
157.42M
OE per share TTM
12.52
Owner's Yield
1.25%
Maintenance CapEx ratio
155.03%
Maint CapEx / Avg PPE
42.9%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock

This company is not held by any ETF in our universe.

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
696.0K
Shares Outstanding
12.57M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Ravi Ashwin Shroff MD & Executive Director 49M male
Hrishit Ashwin Shroff President of Environment, Biotech Business & Corporate Services and Executive Director 39M male
Ashwin Champraj Shroff Executive Chairman 36M male
Surendra Kumar Singhvi Vice President of CSR, Compliance Officer & Company Secretary 2M male
Pradeep N. Ghattu President & Chief Operating Officer male
Balachandran President of Chemicals Division male
Devendra Parasmal Dosi Chief Financial Officer male
Sekar Bharadwaj Associate Vice President of Human Resources male
Siddhart Raut General Manager of Finance & Accounts male
Sanjay R. Sapate Vice President of Manufacturing male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits