Excel Industries Ltd: Intrinsic Value & Share Price Analysis

Share Price and Basic Stock Data

Last Updated: June 24, 2025, 9:56 pm

Market Cap	1,562 Cr.
Current Price	1,240
High / Low	1,760/798
Stock P/E	18.3
Book Value	1,264
Dividend Yield	0.44 %
ROCE	7.61 %
ROE	5.66 %
Face Value	5.00
PEG Ratio	4.93

Stock P/E, Current Price, and Intrinsic Value Over Time

Stock P/E Current Price Intrinsic Value

View Share Price Target for Excel Industries Ltd

Competitors of Excel Industries Ltd

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
Epigral Ltd	7,929 Cr.	1,838	2,408/1,302	22.6	441	0.34 %	24.9 %	22.3 %	10.0
Dharmaj Crop Guard Ltd	1,031 Cr.	305	390/165	29.6	117	0.00 %	12.0 %	9.24 %	10.0
Bhaskar Agrochemicals Ltd	56.7 Cr.	109	148/55.2	14.5	34.1	0.00 %	21.3 %	24.7 %	10.0
Bhagiradha Chemicals & Industries Ltd	3,813 Cr.	294	448/247	139	53.9	0.03 %	7.44 %	4.91 %	1.00
Best Agrolife Ltd	756 Cr.	320	713/244	10.8	320	0.91 %	12.9 %	9.95 %	10.0
Industry Average	12,070.05 Cr	1,658.35		37.10	435.98	0.31%	15.26%	19.94%	7.25

All Competitor Stocks of Excel Industries Ltd

Quarterly Result

Metric	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025
Sales	365	329	312	223	226	214	198	180	234	265	269	196	248
Expenses	298	274	279	195	215	207	195	179	221	226	220	184	228
Operating Profit	67	55	33	28	11	8	3	1	12	39	49	12	20
OPM %	18%	17%	10%	13%	5%	4%	1%	1%	5%	15%	18%	6%	8%
Other Income	1	3	6	2	3	9	7	11	5	11	8	5	6
Interest	0	0	1	0	0	1	0	1	0	1	1	0	0
Depreciation	8	8	8	8	8	9	8	8	8	8	9	9	9
Profit before tax	60	50	30	22	5	8	2	4	9	41	47	8	16
Tax %	25%	25%	25%	14%	57%	24%	9%	34%	25%	25%	24%	26%	24%
Net Profit	45	37	22	19	2	6	2	3	7	31	36	6	12
EPS in Rs	35.63	29.47	17.53	14.86	1.72	4.68	1.42	2.13	5.31	24.68	28.38	4.93	9.87

Last Updated: May 31, 2025, 9:18 am

Below is a detailed analysis of the quarterly data for Excel Industries Ltd based on the most recent figures (Mar 2025) and their trends compared to the previous period:

For Sales, as of Mar 2025, the value is 248.00 Cr.. The value appears strong and on an upward trend. It has increased from 196.00 Cr. (Dec 2024) to 248.00 Cr., marking an increase of 52.00 Cr..
For Expenses, as of Mar 2025, the value is 228.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 184.00 Cr. (Dec 2024) to 228.00 Cr., marking an increase of 44.00 Cr..
For Operating Profit, as of Mar 2025, the value is 20.00 Cr.. The value appears strong and on an upward trend. It has increased from 12.00 Cr. (Dec 2024) to 20.00 Cr., marking an increase of 8.00 Cr..
For OPM %, as of Mar 2025, the value is 8.00%. The value appears strong and on an upward trend. It has increased from 6.00% (Dec 2024) to 8.00%, marking an increase of 2.00%.
For Other Income, as of Mar 2025, the value is 6.00 Cr.. The value appears strong and on an upward trend. It has increased from 5.00 Cr. (Dec 2024) to 6.00 Cr., marking an increase of 1.00 Cr..
For Interest, as of Mar 2025, the value is 0.00 Cr.. The value remains steady. There is no change compared to the previous period (Dec 2024) which recorded 0.00 Cr..
For Depreciation, as of Mar 2025, the value is 9.00 Cr.. The value remains steady. There is no change compared to the previous period (Dec 2024) which recorded 9.00 Cr..
For Profit before tax, as of Mar 2025, the value is 16.00 Cr.. The value appears strong and on an upward trend. It has increased from 8.00 Cr. (Dec 2024) to 16.00 Cr., marking an increase of 8.00 Cr..
For Tax %, as of Mar 2025, the value is 24.00%. The value appears to be improving (decreasing) as expected. It has decreased from 26.00% (Dec 2024) to 24.00%, marking a decrease of 2.00%.
For Net Profit, as of Mar 2025, the value is 12.00 Cr.. The value appears strong and on an upward trend. It has increased from 6.00 Cr. (Dec 2024) to 12.00 Cr., marking an increase of 6.00 Cr..
For EPS in Rs, as of Mar 2025, the value is 9.87. The value appears strong and on an upward trend. It has increased from 4.93 (Dec 2024) to 9.87, marking an increase of 4.94.

Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: May 15, 2025, 6:45 am

Metric	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Sales	416	482	448	462	599	825	702	749	1,178	1,090	826	978
Expenses	376	409	385	419	474	574	571	628	946	961	801	859
Operating Profit	40	72	63	44	125	250	131	122	232	129	25	119
OPM %	10%	15%	14%	9%	21%	30%	19%	16%	20%	12%	3%	12%
Other Income	5	7	3	9	4	5	10	9	15	12	32	30
Interest	12	14	13	11	7	3	4	3	3	3	3	2
Depreciation	11	15	15	14	15	18	23	27	31	31	31	34
Profit before tax	21	51	38	27	107	234	115	101	213	106	23	113
Tax %	15%	19%	31%	26%	31%	34%	16%	29%	24%	24%	25%	24%
Net Profit	18	41	26	20	74	153	96	71	161	80	17	85
EPS in Rs	16.50	34.59	20.18	15.93	58.78	122.07	76.42	56.55	128.23	63.59	13.53	67.86
Dividend Payout %	23%	20%	22%	38%	21%	15%	13%	20%	18%	18%	41%	20%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2014-2015	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024	2024-2025
YoY Net Profit Growth (%)	127.78%	-36.59%	-23.08%	270.00%	106.76%	-37.25%	-26.04%	126.76%	-50.31%	-78.75%	400.00%
Change in YoY Net Profit Growth (%)	0.00%	-164.36%	13.51%	293.08%	-163.24%	-144.01%	11.21%	152.80%	-177.07%	-28.44%	478.75%

Excel Industries Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:	7%
5 Years:	7%
3 Years:	-6%
TTM:	18%

Compounded Profit Growth
10 Years:	8%
5 Years:	-2%
3 Years:	-19%
TTM:	541%

Stock Price CAGR
10 Years:	16%
5 Years:	12%
3 Years:	1%
1 Year:	3%

Return on Equity
10 Years:	10%
5 Years:	7%
3 Years:	4%
Last Year:	6%

Last Updated: Unknown

Balance Sheet

Last Updated: June 16, 2025, 12:10 pm

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	5	6	6	6	6	6	6	6	6	6	6	6
Reserves	147	180	204	404	526	693	695	845	1,143	1,235	1,421	1,582
Borrowings	102	95	89	68	10	7	24	9	7	3	2	12
Other Liabilities	97	106	121	141	186	209	212	251	330	248	367	319
Total Liabilities	352	387	421	619	728	916	937	1,111	1,487	1,493	1,795	1,920
Fixed Assets	128	158	164	183	203	238	376	389	427	428	428	463
CWIP	20	3	3	8	23	12	10	17	21	19	19	8
Investments	22	23	27	211	282	394	264	365	547	625	962	1,085
Other Assets	181	204	227	216	220	272	287	340	492	421	388	364
Total Assets	352	387	421	619	728	916	937	1,111	1,487	1,493	1,795	1,920

Below is a detailed analysis of the balance sheet data for Excel Industries Ltd based on the most recent figures (Mar 2025) and their trends compared to the previous period:

For Equity Capital, as of Mar 2025, the value is 6.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded 6.00 Cr..
For Reserves, as of Mar 2025, the value is 1,582.00 Cr.. The value appears strong and on an upward trend. It has increased from 1,421.00 Cr. (Mar 2024) to 1,582.00 Cr., marking an increase of 161.00 Cr..
For Borrowings, as of Mar 2025, the value is 12.00 Cr.. The value appears to be increasing, which may not be favorable. Additionally, since Reserves exceed Borrowings, this is considered a positive sign. It has increased from 2.00 Cr. (Mar 2024) to 12.00 Cr., marking an increase of 10.00 Cr..
For Other Liabilities, as of Mar 2025, the value is 319.00 Cr.. The value appears to be improving (decreasing). It has decreased from 367.00 Cr. (Mar 2024) to 319.00 Cr., marking a decrease of 48.00 Cr..
For Total Liabilities, as of Mar 2025, the value is 1,920.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 1,795.00 Cr. (Mar 2024) to 1,920.00 Cr., marking an increase of 125.00 Cr..
For Fixed Assets, as of Mar 2025, the value is 463.00 Cr.. The value appears strong and on an upward trend. It has increased from 428.00 Cr. (Mar 2024) to 463.00 Cr., marking an increase of 35.00 Cr..
For CWIP, as of Mar 2025, the value is 8.00 Cr.. The value appears to be declining and may need further review. It has decreased from 19.00 Cr. (Mar 2024) to 8.00 Cr., marking a decrease of 11.00 Cr..
For Investments, as of Mar 2025, the value is 1,085.00 Cr.. The value appears strong and on an upward trend. It has increased from 962.00 Cr. (Mar 2024) to 1,085.00 Cr., marking an increase of 123.00 Cr..
For Other Assets, as of Mar 2025, the value is 364.00 Cr.. The value appears to be declining and may need further review. It has decreased from 388.00 Cr. (Mar 2024) to 364.00 Cr., marking a decrease of 24.00 Cr..
For Total Assets, as of Mar 2025, the value is 1,920.00 Cr.. The value appears strong and on an upward trend. It has increased from 1,795.00 Cr. (Mar 2024) to 1,920.00 Cr., marking an increase of 125.00 Cr..

Notably, the Reserves (1,582.00 Cr.) exceed the Borrowings (12.00 Cr.), indicating a solid financial buffer.

Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.

Reserves and Borrowings Chart

Cash Flow

Month	Month		Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Cash from Operating Activity +	13	44	46	31	119	135	110	91	109	125	72	62
Cash from Investing Activity +	-32	-27	-27	16	-45	-111	-61	-53	-104	-118	-51	-41
Cash from Financing Activity +	20	-23	-17	-48	-73	-24	-31	-17	-17	-35	-17	-16
Net Cash Flow	1	-6	1	-1	1	-0	17	21	-12	-27	4	4

Free Cash Flow

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Free Cash Flow	-62.00	-23.00	-26.00	-24.00	115.00	243.00	107.00	113.00	225.00	126.00	23.00	107.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	84	89	80	103	95	76	70	78	84	62	52	82
Inventory Days	77	74	103	99	86	79	75	90	71	103	78	80
Days Payable	91	81	84	112	98	123	108	122	126	112	64	139
Cash Conversion Cycle	71	82	99	90	83	32	36	46	29	52	67	23
Working Capital Days	65	77	74	82	82	54	60	61	54	62	61	57
ROCE %	17%	15%	24%	18%	10%	22%	38%	17%	13%	21%	9%	2%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoters	52.77%	52.49%	52.49%	52.49%	52.60%	52.59%	52.59%	52.59%	52.60%	52.60%	52.60%	52.60%
FIIs	0.21%	0.24%	0.27%	0.41%	0.63%	0.77%	0.77%	0.85%	0.74%	0.70%	0.66%	0.56%
DIIs	7.45%	7.39%	7.35%	7.35%	7.24%	7.24%	7.22%	6.99%	6.99%	6.97%	6.97%	6.97%
Public	39.57%	39.88%	39.88%	39.75%	39.52%	39.39%	39.40%	39.55%	39.68%	39.72%	39.75%	39.86%
No. of Shareholders	25,590	26,745	25,566	25,969	26,636	25,676	25,034	25,044	25,925	26,202	26,612	26,725

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20
FaceValue	5.00	5.00	5.00	5.00	5.00
Basic EPS (Rs.)	13.53	63.59	128.24	56.55	76.43
Diluted EPS (Rs.)	13.53	63.59	128.24	56.55	76.43
Cash EPS (Rs.)	38.53	88.54	152.62	78.15	94.55
Book Value[Excl.RevalReserv]/Share (Rs.)	1135.23	987.82	914.32	677.41	557.56
Book Value[Incl.RevalReserv]/Share (Rs.)	1135.23	987.82	914.32	677.41	557.56
Revenue From Operations / Share (Rs.)	657.20	866.96	937.12	596.21	558.83
PBDIT / Share (Rs.)	45.07	111.10	195.73	103.53	111.57
PBIT / Share (Rs.)	20.07	86.16	171.35	81.93	93.44
PBT / Share (Rs.)	18.02	84.14	169.80	80.19	91.41
Net Profit / Share (Rs.)	13.53	63.59	128.24	56.55	76.43
NP After MI And SOA / Share (Rs.)	13.53	63.59	128.24	56.55	76.43
PBDIT Margin (%)	6.85	12.81	20.88	17.36	19.96
PBIT Margin (%)	3.05	9.93	18.28	13.74	16.72
PBT Margin (%)	2.74	9.70	18.11	13.45	16.35
Net Profit Margin (%)	2.05	7.33	13.68	9.48	13.67
NP After MI And SOA Margin (%)	2.05	7.33	13.68	9.48	13.67
Return on Networth / Equity (%)	1.19	6.43	14.02	8.34	13.70
Return on Capital Employeed (%)	1.58	7.90	16.77	10.79	14.88
Return On Assets (%)	0.94	5.35	10.84	6.39	10.24
Total Debt / Equity (X)	0.00	0.00	0.00	0.01	0.03
Asset Turnover Ratio (%)	0.50	0.73	0.90	0.73	0.75
Current Ratio (X)	2.56	3.63	2.36	2.09	1.89
Quick Ratio (X)	2.03	2.56	1.55	1.65	1.37
Inventory Turnover Ratio (X)	4.09	4.14	5.31	4.90	4.52
Dividend Payout Ratio (NP) (%)	83.13	35.38	8.77	0.00	45.35
Dividend Payout Ratio (CP) (%)	29.19	25.41	7.37	0.00	36.65
Earning Retention Ratio (%)	16.87	64.62	91.23	0.00	54.65
Cash Earning Retention Ratio (%)	70.81	74.59	92.63	0.00	63.35
Interest Coverage Ratio (X)	30.16	64.23	126.97	59.73	54.83
Interest Coverage Ratio (Post Tax) (X)	10.43	37.93	84.18	33.63	38.56
Enterprise Value (Cr.)	878.57	914.63	1660.75	1011.14	560.83
EV / Net Operating Revenue (X)	1.06	0.83	1.41	1.35	0.79
EV / EBITDA (X)	15.51	6.55	6.75	7.77	4.00
MarketCap / Net Operating Revenue (X)	1.08	0.91	1.46	1.41	0.79
Retention Ratios (%)	16.86	64.61	91.22	0.00	54.64
Price / BV (X)	0.62	0.80	1.50	1.24	0.80
Price / Net Operating Revenue (X)	1.08	0.91	1.46	1.41	0.79
EarningsYield	0.01	0.07	0.09	0.06	0.17

After reviewing the key financial ratios for Excel Industries Ltd, here is a detailed analysis based on the latest available data and recent trends:

For FaceValue, as of Mar 24, the value is 5.00. This value is within the healthy range. There is no change compared to the previous period (Mar 23) which recorded 5.00.
For Basic EPS (Rs.), as of Mar 24, the value is 13.53. This value is within the healthy range. It has decreased from 63.59 (Mar 23) to 13.53, marking a decrease of 50.06.
For Diluted EPS (Rs.), as of Mar 24, the value is 13.53. This value is within the healthy range. It has decreased from 63.59 (Mar 23) to 13.53, marking a decrease of 50.06.
For Cash EPS (Rs.), as of Mar 24, the value is 38.53. This value is within the healthy range. It has decreased from 88.54 (Mar 23) to 38.53, marking a decrease of 50.01.
For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 1,135.23. It has increased from 987.82 (Mar 23) to 1,135.23, marking an increase of 147.41.
For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 1,135.23. It has increased from 987.82 (Mar 23) to 1,135.23, marking an increase of 147.41.
For Revenue From Operations / Share (Rs.), as of Mar 24, the value is 657.20. It has decreased from 866.96 (Mar 23) to 657.20, marking a decrease of 209.76.
For PBDIT / Share (Rs.), as of Mar 24, the value is 45.07. This value is within the healthy range. It has decreased from 111.10 (Mar 23) to 45.07, marking a decrease of 66.03.
For PBIT / Share (Rs.), as of Mar 24, the value is 20.07. This value is within the healthy range. It has decreased from 86.16 (Mar 23) to 20.07, marking a decrease of 66.09.
For PBT / Share (Rs.), as of Mar 24, the value is 18.02. This value is within the healthy range. It has decreased from 84.14 (Mar 23) to 18.02, marking a decrease of 66.12.
For Net Profit / Share (Rs.), as of Mar 24, the value is 13.53. This value is within the healthy range. It has decreased from 63.59 (Mar 23) to 13.53, marking a decrease of 50.06.
For NP After MI And SOA / Share (Rs.), as of Mar 24, the value is 13.53. This value is within the healthy range. It has decreased from 63.59 (Mar 23) to 13.53, marking a decrease of 50.06.
For PBDIT Margin (%), as of Mar 24, the value is 6.85. This value is below the healthy minimum of 10. It has decreased from 12.81 (Mar 23) to 6.85, marking a decrease of 5.96.
For PBIT Margin (%), as of Mar 24, the value is 3.05. This value is below the healthy minimum of 10. It has decreased from 9.93 (Mar 23) to 3.05, marking a decrease of 6.88.
For PBT Margin (%), as of Mar 24, the value is 2.74. This value is below the healthy minimum of 10. It has decreased from 9.70 (Mar 23) to 2.74, marking a decrease of 6.96.
For Net Profit Margin (%), as of Mar 24, the value is 2.05. This value is below the healthy minimum of 5. It has decreased from 7.33 (Mar 23) to 2.05, marking a decrease of 5.28.
For NP After MI And SOA Margin (%), as of Mar 24, the value is 2.05. This value is below the healthy minimum of 8. It has decreased from 7.33 (Mar 23) to 2.05, marking a decrease of 5.28.
For Return on Networth / Equity (%), as of Mar 24, the value is 1.19. This value is below the healthy minimum of 15. It has decreased from 6.43 (Mar 23) to 1.19, marking a decrease of 5.24.
For Return on Capital Employeed (%), as of Mar 24, the value is 1.58. This value is below the healthy minimum of 10. It has decreased from 7.90 (Mar 23) to 1.58, marking a decrease of 6.32.
For Return On Assets (%), as of Mar 24, the value is 0.94. This value is below the healthy minimum of 5. It has decreased from 5.35 (Mar 23) to 0.94, marking a decrease of 4.41.
For Total Debt / Equity (X), as of Mar 24, the value is 0.00. This value is within the healthy range. There is no change compared to the previous period (Mar 23) which recorded 0.00.
For Asset Turnover Ratio (%), as of Mar 24, the value is 0.50. It has decreased from 0.73 (Mar 23) to 0.50, marking a decrease of 0.23.
For Current Ratio (X), as of Mar 24, the value is 2.56. This value is within the healthy range. It has decreased from 3.63 (Mar 23) to 2.56, marking a decrease of 1.07.
For Quick Ratio (X), as of Mar 24, the value is 2.03. This value exceeds the healthy maximum of 2. It has decreased from 2.56 (Mar 23) to 2.03, marking a decrease of 0.53.
For Inventory Turnover Ratio (X), as of Mar 24, the value is 4.09. This value is within the healthy range. It has decreased from 4.14 (Mar 23) to 4.09, marking a decrease of 0.05.
For Dividend Payout Ratio (NP) (%), as of Mar 24, the value is 83.13. This value exceeds the healthy maximum of 50. It has increased from 35.38 (Mar 23) to 83.13, marking an increase of 47.75.
For Dividend Payout Ratio (CP) (%), as of Mar 24, the value is 29.19. This value is within the healthy range. It has increased from 25.41 (Mar 23) to 29.19, marking an increase of 3.78.
For Earning Retention Ratio (%), as of Mar 24, the value is 16.87. This value is below the healthy minimum of 40. It has decreased from 64.62 (Mar 23) to 16.87, marking a decrease of 47.75.
For Cash Earning Retention Ratio (%), as of Mar 24, the value is 70.81. This value exceeds the healthy maximum of 70. It has decreased from 74.59 (Mar 23) to 70.81, marking a decrease of 3.78.
For Interest Coverage Ratio (X), as of Mar 24, the value is 30.16. This value is within the healthy range. It has decreased from 64.23 (Mar 23) to 30.16, marking a decrease of 34.07.
For Interest Coverage Ratio (Post Tax) (X), as of Mar 24, the value is 10.43. This value is within the healthy range. It has decreased from 37.93 (Mar 23) to 10.43, marking a decrease of 27.50.
For Enterprise Value (Cr.), as of Mar 24, the value is 878.57. It has decreased from 914.63 (Mar 23) to 878.57, marking a decrease of 36.06.
For EV / Net Operating Revenue (X), as of Mar 24, the value is 1.06. This value is within the healthy range. It has increased from 0.83 (Mar 23) to 1.06, marking an increase of 0.23.
For EV / EBITDA (X), as of Mar 24, the value is 15.51. This value exceeds the healthy maximum of 15. It has increased from 6.55 (Mar 23) to 15.51, marking an increase of 8.96.
For MarketCap / Net Operating Revenue (X), as of Mar 24, the value is 1.08. This value is within the healthy range. It has increased from 0.91 (Mar 23) to 1.08, marking an increase of 0.17.
For Retention Ratios (%), as of Mar 24, the value is 16.86. This value is below the healthy minimum of 30. It has decreased from 64.61 (Mar 23) to 16.86, marking a decrease of 47.75.
For Price / BV (X), as of Mar 24, the value is 0.62. This value is below the healthy minimum of 1. It has decreased from 0.80 (Mar 23) to 0.62, marking a decrease of 0.18.
For Price / Net Operating Revenue (X), as of Mar 24, the value is 1.08. This value is within the healthy range. It has increased from 0.91 (Mar 23) to 1.08, marking an increase of 0.17.
For EarningsYield, as of Mar 24, the value is 0.01. This value is below the healthy minimum of 5. It has decreased from 0.07 (Mar 23) to 0.01, marking a decrease of 0.06.

Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Excel Industries Ltd as of June 26, 2025 is: 1,051.99

Calculation basis:

Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of June 26, 2025, Excel Industries Ltd is Overvalued by 15.16% compared to the current share price 1,240.00

Intrinsic Value of Excel Industries Ltd as of June 26, 2025 is: 1,091.06

Calculation basis:

Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of June 26, 2025, Excel Industries Ltd is Overvalued by 12.01% compared to the current share price 1,240.00

Last 5 Year EPS CAGR: 3.71%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The stock has a high average ROCE of 17.17%, which is a positive sign. The company has higher reserves (756.25 cr) compared to borrowings (35.67 cr), indicating strong financial stability. The company has shown consistent growth in sales (540.75 cr) and profit (95.75 cr) over the years.	The stock has a high average Working Capital Days of 65.75, which may not be favorable. The stock has a high average Cash Conversion Cycle of 59.17, which may not be favorable.

Stock Analysis

Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Excel Industries Ltd:
1. Net Profit Margin: 2.05%
  - Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
2. ROCE: 1.58% (Industry Average ROCE: 15.26%)
  - ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
3. ROE%: 1.19% (Industry Average ROE: 19.94%)
  - ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
4. Interest Coverage Ratio (Post Tax): 10.43
  - Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
5. Quick Ratio: 2.03
  - Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
6. Stock P/E: 18.3 (Industry average Stock P/E: 37.1)
  - Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
7. Total Debt / Equity: 0
  - Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
Stock Rating:

About the Company - Qualitative Analysis

Excel Industries Ltd. is a Public Limited Listed company incorporated on 05/09/1960 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN) is L24200MH1960PLC011807 and registration number is 011807. Currently Company is involved in the business activities of Manufacture of other agrochemical products. Company's Total Operating Revenue is Rs. 978.07 Cr. and Equity Capital is Rs. 6.29 Cr. for the Year ended 31/03/2025.

INDUSTRY	ADDRESS	CONTACT
Agro Chemicals/Pesticides	184-87, Swami Vivekanand Road, Jogeshwari (West), Mumbai Maharashtra 400102	investors@excelind.com http://www.excelind.co.in

Management
Name	Position Held
Mr. G Narayana	Chairman Emeritus
Mr. Ashwin C Shroff	Executive Chairman
Mr. Ravi A Shroff	Managing Director
Mr. Hrishit A Shroff	Executive Director
Mr. Atul G Shroff	Non Executive Director
Mr. Ninad Gupte	Independent Director
Mr. Shekhar Khanolkar	Independent Director
Mr. Rajesh Varma	Independent Director
Mr. Vihang Virkar	Independent Director
Dr. Meena A Galliara	Independent Director
Mr. Dinesh Bhagat	Nominee Director

FAQ

What is the intrinsic value of Excel Industries Ltd?

Excel Industries Ltd's intrinsic value (as of 25 June 2025) is ₹1051.99 — 15.16% lower the current market price of 1,240.00, indicating overvalued. Calculated using the PE ratio method, this valuation considers the company's 1,562 Cr. market cap, FY2025-2026 high/low of ₹1,760/798, reserves of 1,582 Cr, and liabilities of 1,920 Cr.

What is the Market Cap of Excel Industries Ltd?

The Market Cap of Excel Industries Ltd is 1,562 Cr..

What is the current Stock Price of Excel Industries Ltd as on 25 June 2025?

The current stock price of Excel Industries Ltd as on 25 June 2025 is 1,240.

What is the High / Low of Excel Industries Ltd stocks in FY 2025-2026?

In FY 2025-2026, the High / Low of Excel Industries Ltd stocks is ₹1,760/798.

What is the Stock P/E of Excel Industries Ltd?

The Stock P/E of Excel Industries Ltd is 18.3.

What is the Book Value of Excel Industries Ltd?

The Book Value of Excel Industries Ltd is 1,264.

What is the Dividend Yield of Excel Industries Ltd?

The Dividend Yield of Excel Industries Ltd is 0.44 %.

What is the ROCE of Excel Industries Ltd?

The ROCE of Excel Industries Ltd is 7.61 %.

What is the ROE of Excel Industries Ltd?

The ROE of Excel Industries Ltd is 5.66 %.

What is the Face Value of Excel Industries Ltd?

The Face Value of Excel Industries Ltd is 5.00.