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EXCELINDUS · Excel Industries Ltd · Chemical Manufacturing

EXCELINDUS · Excel Industries Ltd · Chemical Manufacturing

₹998+10.1%

As of 06 Nov close

52-week range

52wk low ₹800.0552wk high ₹1,148.55

13.1% below 52-week high

52-week range: as of 06 Nov 2026 close.

Price chartDaily closes on the stock page.

Stock Condition:Pro

Weighted combination of 8 measured readings. Not a probability, a rating or a forecast.

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Fundamentals as of 15 Sep 2026 · the company's own latest record is 52 days old

Operating margin above its own averageProfit declined YoY for 2 straight quartersFII holding falling for 2+ quarters

Revenue (latest Q)

₹294 Cr

Revenue YoY

PAT YoY

-12.7%

Operating margin

Revenue, last 8 quarters

P/E (TTM)

P/B

0.7

P/S (TTM)

1.1

Sector P/E

20.6

Dividend yield

+1.4%

CompanyP/EP/BNet marginROED/EDiv. yield
EXCELINDUS (this stock)160.7+6.6%+4.2%0+1.4%
Asian Paints5311.1+12.8%+22.3%0.18+1.1%
Solar Industries India99.626.6+17.6%+31.4%13.68+0.1%
Pidilite Industries61.319.4+17.2%+24.4%0.04+0.7%

Promoter

falling 1q

FII

falling 2q

MF

0.01% (0.00pp)

stable

Insider trades

No insider trades in the last 12 months.

Bulk/block deals

datecanonicalSymbolbuy quantitybuyer countdeal strengthdeal types present
2026-08-19EXCELINDUS643411WEAKBULK

News timeline

Concalls & investor presentations

AI-generated
Concall transcriptNeutral28 May 2026
View source filing →

Key takeaway: Excel Industries Limited held its Q4 and FY26 earnings conference call on May 25, 2026, where management discussed the company's performance and strategic initiatives. Managing Director Ravi Shroff highlighted the challenges faced in the first half of FY26 due to an extended monsoon affecting the agrochemical sector, but noted a recovery in demand during Q4. The company reported a 13% year-on-year increase in Q4 revenues to INR 281 crores and an 11.8% growth in FY26 revenues to INR 1,094 crores. CFO Devendra Dosi emphasized the company's strong balance sheet with zero long-term debt. Management outlined ongoing projects, including capacity additions and a new R&D center, and expressed commitment to long-term growth despite uncertainties in the agrochemical market. The Board declared a final dividend of INR 13.75 per share. The call concluded with management expressing optimism about future developments and strategic priorities.

Management reported on both challenges and progress without strong emphasis on either.

Sourced from an exchange-filed transcript, dated 28 May 2026. Summary is RedixFi-generated and distinct from investment advice.

Investor presentationPositive24 May 2026
View source filing →

Key takeaway: Excel Industries Limited reported its audited financial results for the quarter and year ended March 31, 2026, in an investor presentation. For Q4 FY26, the company achieved a revenue of ₹281 crores, reflecting a 13% year-over-year increase, primarily driven by higher demand for agrochemical intermediates and improved pricing. The adjusted EBITDA for the quarter was ₹22 crores, with margins at 8%. For FY26, total revenue reached ₹1,094 crores, a 12% increase from the previous year, with adjusted EBITDA of ₹112 crores and margins of 10%. The presentation highlighted a 26% growth in export revenue, which constituted 20% of total revenue for the year. The company also operationalized a new Corporate R&D Center in Navi Mumbai, emphasizing its commitment to innovation and product development.

The presentation highlighted growth in revenue and exports, along with a focus on innovation.

Sourced from an exchange-filed presentation, dated 24 May 2026. Summary is RedixFi-generated and distinct from investment advice.

Investor presentationPositive05 Feb 2026
View source filing →

Key takeaway: Excel Industries Limited reported its unaudited financial results for the quarter and nine months ended December 31, 2025, in its investor presentation. For Q3 FY26, the company achieved a revenue of ₹233 crores, reflecting a 19% year-over-year increase, while the nine-month revenue reached ₹813 crores, an 11% increase. The growth was attributed to improved demand for key products and better price realization. The EBITDA margins improved to 7.3% in Q3 FY26 and 11.0% for the nine months, driven by favorable product mix and higher price realization. The presentation highlighted that exports constituted 27.0% of total revenue in Q3 FY26. The company maintained its market share in key products and focused on diversifying its product portfolio. Management emphasized ongoing investments in capacity expansion and product innovation to support future growth.

Management highlighted growth in revenue and improved margins, indicating a positive performance.

Sourced from an exchange-filed presentation, dated 05 Feb 2026. Summary is RedixFi-generated and distinct from investment advice.

AI Summary of Annual Report

AI-generated
FY2025-26305 pages

Excel Industries Limited's FY2025-26 annual report highlights strategic initiatives focused on diversification, sustainability, and operational agility. The company expanded its biocides manufacturing capacity and established a Corporate R&D Centre to accelerate product development. Emphasis was placed on talent development through structured learning programs and leadership initiatives. Sustainability efforts included achieving management's stated target of 49% renewable energy usage and mapping greenhouse gas emissions. The report acknowledges challenges from geopolitical uncertainties and climate-related demand fluctuations but notes that contract manufacturing agreements are expected to provide revenue stability. Risk mitigation strategies include supply chain buffers, long-term supplier contracts, and portfolio diversification.

  • Expansion of biocides manufacturing and establishment of a Corporate R&D Centre to drive innovation and product development.
  • Focus on talent development through structured learning programs and leadership grooming initiatives.
  • Commitment to sustainability with management's stated target of 49% renewable energy usage and GHG emission mapping.
  • Strategic diversification to reduce dependence on mature businesses and mitigate cyclical demand risks.
  • Agile operating model to navigate macroeconomic and geopolitical challenges.

Key takeaway: Excel Industries is prioritizing strategic diversification, sustainability, and talent development to navigate challenges and drive long-term growth through innovation and operational agility.

The following annual report excerpts provide qualitative strategic context. Do not treat any specific financial figures in these excerpts as authoritative — they may be incorrectly labeled due to PDF table extraction limitations. For precise financial data, refer to the structured fundamentals data above.

Filed with NSE · 31 Aug 2026View source filing →

Governance disclosures

AI-generated

Needs attention

Investigation or enforcement mention (1 item)

Items of these kinds are disclosed in the filings. This is a count of disclosed items. It is not a finding about the company and its cause has not been independently established.

Investigation or enforcement mention

1 occurrence

Recent (last 12 months)

Annual Report31 Aug 2026 (FY2025-26)
View source filing →

The Company received a whistle-blower complaint during the year, which was considered by the auditor for any bearing on the audit and reporting.

Routine disclosures

Internal Control Weakness

1 occurrence

Earlier (1-3 years ago)

Annual Report27 Aug 2024 (FY2023-24)
View source filing →

The auditor mentions evaluating internal controls and identifying significant deficiencies during the audit.

Contingent Liability

3 occurrences

Recent (last 12 months)

Annual Report31 Aug 2026 (FY2025-26)· 2 passages
View source filing →

The company has contingent liabilities related to claims by workers and contract labourers, as well as tax-related claims, with amounts not ascertainable. The company has provided for these liabilities in its financial statements and does not expect a materially adverse effect.

Earlier (1-3 years ago)

Annual Report28 Jul 2025 (FY2024-25)· 4 passages
View source filing →

The company has pending litigation comprising claims against it by workers and others before various tax and other authorities, which are disclosed as contingent liabilities in its standalone financial statements.

Annual Report27 Aug 2024 (FY2023-24)· 2 passages
View source filing →

TML Industries Limited has contingent liabilities related to income tax, excise duty, custom duty, and claims by workers and contract labourers, with amounts not ascertainable as of March 31, 2024.

Related-Party Transaction

1 occurrence

Earlier (1-3 years ago)

Annual Report27 Aug 2024 (FY2023-24)· 3 passages
View source filing →

Kamaljyot Investments Limited, a subsidiary of CEL Industries Limited, provided an unsecured loan of ₹1,89,10,000/- to M/s Excel Rajkot C& D Waste Recycling Pvt. Ltd. during the year 2023-24. Excel Bio Resources Limited, another subsidiary, placed Intercorporate Deposits of Rs. 30 lakhs with TML Industries Limited during the same period.

Statutory dues in dispute

1 occurrence

Earlier (1-3 years ago)

Annual Report28 Jul 2025 (FY2024-25)Disputed tax/statutory dues under appeal, not a loan default
View source filing →

The company has pending disputes with various authorities including Income Tax, Customs, Excise, and GST, with certain amounts deposited under protest, indicating potential non-compliance or disputes over statutory dues.

Management & Board Governance

1 occurrence

Earlier (1-3 years ago)

Annual Report27 Aug 2024 (FY2023-24)
View source filing →

The Chief Executive Officer resigned from the Company effective 30th June, 2024.

Promoter Share Pledge

1 occurrence

Recent (last 12 months)

Structured Filing Data (NSE Pledge Disclosure)18 Jul 2026

2.12% of promoter holding pledged (quarter 2026-Q3 as of 2026-07-18).

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