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Last Updated on: 19 June, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Excel Industries Ltd

About the Company - Excel Industries Ltd

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 pesticides and other agrochemical products. Company’s Total Operating Revenue is Rs. 1178.02 Cr. and Equity Capital is Rs. 6.29 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Agro Chemicals/Pesticides184-87, Swami Vivekanand Road, Jogeshwari (West), Mumbai Maharashtra 400102investors@excelind.com
http://www.excelind.co.in
Management
NamePosition Held
Mr. G NarayanaChairman Emeritus
Mr. Ashwin C ShroffExecutive Chairman
Mr. Ravi A ShroffManaging Director
Mr. Hrishit A ShroffExecutive Director
Mr. Atul G ShroffNon Executive Director
Mr. Dipesh K ShroffNon Executive Director
Mr. H N MotiwallaIndependent Director
Mr. P S JhaveriIndependent Director
Mr. R N BhogaleIndependent Director
Mr. R M PandiaIndependent Director
Mr. M B ParekhIndependent Director
Mr. S S VaidyaIndependent Director
Dr. Meena A GalliaraIndependent Director
Mr. Dinesh BhagatNominee Director

Basic Stock Data of Excel Industries Ltd

Last Updated: June 17, 2024, 8:34 pm

Market Cap 1,498 Cr.
Current Price 1,192
High / Low1,239/699
Stock P/E88.0
Book Value 1,135
Dividend Yield0.94 %
ROCE1.84 %
ROE1.27 %
Face Value 5.00
PEG Ratio-4.08

Excel Industries Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales183.75213.58218.68231.91230.92350.52364.67328.81311.95222.97226.09214.28198.04
Expenses155.04173.94180.03199.39202.50247.82297.90273.65279.37194.98215.39206.53195.46
Operating Profit28.7139.6438.6532.5228.42102.7066.7755.1632.5827.9910.707.752.58
OPM %15.62%18.56%17.67%14.02%12.31%29.30%18.31%16.78%10.44%12.55%4.73%3.62%1.30%
Other Income0.972.901.124.012.288.131.222.625.751.912.599.387.42
Interest0.700.490.430.600.470.430.440.500.920.360.390.580.26
Depreciation6.766.836.957.217.508.217.747.777.917.857.848.847.78
Profit before tax22.2235.2232.3928.7222.73102.1959.8149.5129.5021.695.067.711.96
Tax %25.20%25.78%37.94%25.42%24.59%23.82%25.11%25.19%25.29%13.88%57.31%23.74%8.67%
Net Profit16.6126.1520.1021.4317.1477.8544.7937.0522.0418.682.165.881.79
EPS in Rs13.2120.8015.9917.0513.6361.9335.6329.4717.5314.861.724.681.42

Last Updated: June 2, 2024, 1:39 am

Excel Industries Ltd Quarterly Chart

Excel Industries Ltd Profit & Loss

Last Updated: June 2, 2024, 1:39 am

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales3163844164824484625998257027491,1781,090861
Expenses297344376409385419474574571628946961812
Operating Profit18404072634412525013112223212949
OPM %6%10%10%15%14%9%21%30%19%16%20%12%6%
Other Income204573945109151221
Interest912121413117343332
Depreciation10101115151415182327313132
Profit before tax19222151382710723411510121310636
Tax %20%32%15%19%31%26%31%34%16%29%24%24%
Net Profit1515184126207415396711618029
EPS in Rs14.0913.6916.5034.5920.1815.9358.78122.0776.4256.55128.2363.5922.68
Dividend Payout %14%22%23%20%22%38%21%15%13%20%18%18%

Excel Industries Ltd Profit & Loss Yearly Chart

Excel Industries Ltd Growth

Compounded Sales Growth
10 Years:11%
5 Years:13%
3 Years:16%
TTM:-33%
Compounded Profit Growth
10 Years:18%
5 Years:2%
3 Years:-6%
TTM:-90%
Stock Price CAGR
10 Years:30%
5 Years:0%
3 Years:-1%
1 Year:13%
Return on Equity
10 Years:13%
5 Years:13%
3 Years:10%
Last Year:7%

Last Updated: April 17, 2024, 1:26 pm

Excel Industries Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital5556666666666
Reserves1191301431792044045266936958451,1431,2351,383
Borrowings7573102958968107249732
Other Liabilities8695100108121141186209212251330248289
Total Liabilities2863033523874216197289169371,1111,4871,4931,680
Fixed Assets108121128158164183203238376389427428413
CWIP652033823121017211927
Investments1822222327211282394264365547625947
Other Assets155156181204227216220272287340492421293
Total Assets2863033523874216197289169371,1111,4871,4931,680

Excel Industries Ltd Reserves and Borrowings Chart

Excel Industries Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 15271344463111913511091109125
Cash from Investing Activity -15-25-32-27-2716-45-111-61-53-104-118
Cash from Financing Activity 4-420-23-17-48-73-24-31-17-17-35
Net Cash Flow4-21-61-11-01721-12-27

Excel Industries Ltd Financial Efficiency Indicators

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days8489801039576707884625282
Inventory Days77741039986797590711037877
Days Payable9181841129812310812212611264134
Cash Conversion Cycle718299908332364629526724
Working Capital Days6577748282546061546261134
ROCE %17%15%24%18%10%22%38%17%13%21%9%

Excel Industries Ltd Financial Efficiency Indicators Chart

Excel Industries Ltd Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters52.80%52.77%52.49%52.49%52.49%52.60%52.59%52.59%52.59%52.60%52.60%52.60%
FIIs0.19%0.21%0.24%0.27%0.41%0.63%0.77%0.77%0.85%0.74%0.70%0.66%
DIIs7.27%7.45%7.39%7.35%7.35%7.24%7.24%7.22%6.99%6.99%6.97%6.97%
Public39.74%39.57%39.88%39.88%39.75%39.52%39.39%39.40%39.55%39.68%39.72%39.75%
No. of Shareholders22,49825,59026,74525,56625,96926,63625,67625,03425,04425,92526,20226,612

Excel Industries Ltd Shareholding Pattern Chart

No. of Excel Industries Ltd Shareholders

This stock is not held by any mutual fund

Excel Industries Ltd ROCE Trend

Excel Industries Ltd EPS Trend

Excel Industries Ltd Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue5.005.005.005.005.00
Basic EPS (Rs.)5.3163.59128.2456.5576.43
Diluted EPS (Rs.)5.3163.59128.2456.5576.43
Cash EPS (Rs.)38.5388.54152.6278.1594.55
Book Value[Excl.RevalReserv]/Share (Rs.)1135.23987.82914.32677.41557.56
Book Value[Incl.RevalReserv]/Share (Rs.)1135.23987.82914.32677.41557.56
Revenue From Operations / Share (Rs.)657.20866.96937.12596.21558.83
PBDIT / Share (Rs.)44.51111.10195.73103.53111.57
PBIT / Share (Rs.)19.5186.16171.3581.9393.44
PBT / Share (Rs.)18.0284.14169.8080.1991.41
Net Profit / Share (Rs.)13.5363.59128.2456.5576.43
NP After MI And SOA / Share (Rs.)13.5363.59128.2456.5576.43
PBDIT Margin (%)6.7712.8120.8817.3619.96
PBIT Margin (%)2.969.9318.2813.7416.72
PBT Margin (%)2.749.7018.1113.4516.35
Net Profit Margin (%)2.057.3313.689.4813.67
NP After MI And SOA Margin (%)2.057.3313.689.4813.67
Return on Networth / Equity (%)1.196.4314.028.3413.70
Return on Capital Employeed (%)1.547.9016.7710.7914.88
Return On Assets (%)0.945.3510.846.3910.24
Total Debt / Equity (X)0.000.000.000.010.03
Asset Turnover Ratio (%)0.500.731.010.790.80
Current Ratio (X)2.703.632.362.091.89
Quick Ratio (X)2.182.561.551.651.37
Inventory Turnover Ratio (X)4.094.145.314.904.52
Dividend Payout Ratio (NP) (%)0.0035.388.770.0045.35
Dividend Payout Ratio (CP) (%)0.0025.417.370.0036.65
Earning Retention Ratio (%)0.0064.6291.230.0054.65
Cash Earning Retention Ratio (%)0.0074.5992.630.0063.35
Interest Coverage Ratio (X)29.7964.23126.9759.7354.83
Interest Coverage Ratio (Post Tax) (X)10.0637.9384.1833.6338.56
Enterprise Value (Cr.)878.57914.631660.751011.14560.83
EV / Net Operating Revenue (X)1.060.831.411.350.79
EV / EBITDA (X)15.706.556.757.774.00
MarketCap / Net Operating Revenue (X)1.080.911.461.410.79
Retention Ratios (%)0.0064.6191.220.0054.64
Price / BV (X)0.620.801.501.240.80
Price / Net Operating Revenue (X)1.080.911.461.410.79
EarningsYield0.010.070.090.060.17

Excel Industries Ltd Profitability Ratios (%)

Excel Industries Ltd Liquidity Ratios

Excel Industries Ltd Liquidity Ratios (%)

Excel Industries Ltd Interest Coverage Ratios (%)

Excel Industries Ltd Valuation Ratios

Fair Value

Fair Value: 1,280.40

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.

Undervalued: 7.42% compared to the current price 1192

Intrinsic Value: 1,004.23

Calculation basis:

  • Fair 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 fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Overvalued: 15.75% compared to the current price ₹1192

Last 5 Year EPS CAGR: -21.57%

*Investments are subject to market risks

Strength and Weakness of Excel Industries Ltd Stock

StrengthWeakness
  1. The stock has a high average ROCE of 17.00%, which is a positive sign.
  2. The company has higher reserves (592.23 cr) compared to borrowings (43.38 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (480.46 cr) and profit (83.85 cr) over the years.
  1. The stock has a high average Working Capital Days of 72.17, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 59.25, which may not be favorable.

FAQ

What is the latest fair value of Excel Industries Ltd?

The latest fair value of Excel Industries Ltd is ₹1280.40.

What is the Market Cap of Excel Industries Ltd?

The Market Cap of Excel Industries Ltd is 1,498 Cr..

What is the current Stock Price of Excel Industries Ltd as on 19 June 2024?

The current stock price of Excel Industries Ltd as on 19 June 2024 is ₹1,192.

What is the High / Low of Excel Industries Ltd stocks in FY 2024?

In FY 2024, the High / Low of Excel Industries Ltd stocks is 1,239/699.

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

The Stock P/E of Excel Industries Ltd is 88.0.

What is the Book Value of Excel Industries Ltd?

The Book Value of Excel Industries Ltd is 1,135.

What is the Dividend Yield of Excel Industries Ltd?

The Dividend Yield of Excel Industries Ltd is 0.94 %.

What is the ROCE of Excel Industries Ltd?

The ROCE of Excel Industries Ltd is 1.84 %.

What is the ROE of Excel Industries Ltd?

The ROE of Excel Industries Ltd is 1.27 %.

What is the Face Value of Excel Industries Ltd?

The Face Value of Excel Industries Ltd is 5.00.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Excel Industries Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE