Stock P/E, Current Price, and Intrinsic Value Over Time
Competitors of Excel Industries Ltd
Stock Name
Market Cap
Current Price
High / Low
Stock P/E
Book Value
Dividend Yield
ROCE
ROE
Face Value
Industry Average
0 Cr
0
0
0
0%
0%
0%
0
Quarterly Result
Month
Sep 2020
Dec 2020
Mar 2021
Jun 2021
Sep 2021
Dec 2021
Mar 2022
Jun 2022
Sep 2022
Dec 2022
Mar 2023
Jun 2023
Sep 2023
Sales
183.75
213.58
218.68
231.91
230.92
350.52
364.67
328.81
311.95
222.97
226.09
214.28
198.04
Expenses
155.04
173.94
180.03
199.39
202.50
247.82
297.90
273.65
279.37
194.98
215.39
206.53
195.46
Operating Profit
28.71
39.64
38.65
32.52
28.42
102.70
66.77
55.16
32.58
27.99
10.70
7.75
2.58
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 Income
0.97
2.90
1.12
4.01
2.28
8.13
1.22
2.62
5.75
1.91
2.59
9.38
7.42
Interest
0.70
0.49
0.43
0.60
0.47
0.43
0.44
0.50
0.92
0.36
0.39
0.58
0.26
Depreciation
6.76
6.83
6.95
7.21
7.50
8.21
7.74
7.77
7.91
7.85
7.84
8.84
7.78
Profit before tax
22.22
35.22
32.39
28.72
22.73
102.19
59.81
49.51
29.50
21.69
5.06
7.71
1.96
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 Profit
16.61
26.15
20.10
21.43
17.14
77.85
44.79
37.05
22.04
18.68
2.16
5.88
1.79
EPS in Rs
13.21
20.80
15.99
17.05
13.63
61.93
35.63
29.47
17.53
14.86
1.72
4.68
1.42
Last Updated: August 9, 2024, 6:40 pm
Quarterly Chart
Profit & Loss - Annual Report
Last Updated: August 9, 2024, 6:40 pm
Month
Mar 2012
Mar 2013
Mar 2014
Mar 2015
Mar 2016
Mar 2017
Mar 2018
Mar 2019
Mar 2020
Mar 2021
Mar 2022
Mar 2023
TTM
Sales
316
384
416
482
448
462
599
825
702
749
1,178
1,090
861
Expenses
297
344
376
409
385
419
474
574
571
628
946
961
812
Operating Profit
18
40
40
72
63
44
125
250
131
122
232
129
49
OPM %
6%
10%
10%
15%
14%
9%
21%
30%
19%
16%
20%
12%
6%
Other Income
20
4
5
7
3
9
4
5
10
9
15
12
21
Interest
9
12
12
14
13
11
7
3
4
3
3
3
2
Depreciation
10
10
11
15
15
14
15
18
23
27
31
31
32
Profit before tax
19
22
21
51
38
27
107
234
115
101
213
106
36
Tax %
20%
32%
15%
19%
31%
26%
31%
34%
16%
29%
24%
24%
Net Profit
15
15
18
41
26
20
74
153
96
71
161
80
29
EPS in Rs
14.09
13.69
16.50
34.59
20.18
15.93
58.78
122.07
76.42
56.55
128.23
63.59
22.68
Dividend Payout %
14%
22%
23%
20%
22%
38%
21%
15%
13%
20%
18%
18%
Profit & Loss Yearly Chart
YoY Net Profit Growth
Year
2012-2013
2013-2014
2014-2015
2015-2016
2016-2017
2017-2018
2018-2019
2019-2020
2020-2021
2021-2022
2022-2023
YoY Net Profit Growth (%)
0.00%
20.00%
127.78%
-36.59%
-23.08%
270.00%
106.76%
-37.25%
-26.04%
126.76%
-50.31%
Change in YoY Net Profit Growth (%)
0.00%
20.00%
107.78%
-164.36%
13.51%
293.08%
-163.24%
-144.01%
11.21%
152.80%
-177.07%
Growth
Compounded Sales Growth
10 Years:
7%
5 Years:
0%
3 Years:
3%
TTM:
-10%
Compounded Profit Growth
10 Years:
-3%
5 Years:
-39%
3 Years:
-43%
TTM:
-14%
Stock Price CAGR
10 Years:
17%
5 Years:
13%
3 Years:
12%
1 Year:
59%
Return on Equity
10 Years:
11%
5 Years:
8%
3 Years:
7%
Last Year:
1%
Last Updated: September 3, 2024, 9:58 am
Balance Sheet
Last Updated: August 9, 2024, 6:40 pm
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
Equity Capital
5
5
6
6
6
6
6
6
6
6
6
6
Reserves
130
143
179
204
404
526
693
695
845
1,143
1,235
1,421
Borrowings
73
102
95
89
68
10
7
24
9
7
3
2
Other Liabilities
95
100
108
121
141
186
209
212
251
330
248
367
Total Liabilities
303
352
387
421
619
728
916
937
1,111
1,487
1,493
1,796
Fixed Assets
121
128
158
164
183
203
238
376
389
427
428
428
CWIP
5
20
3
3
8
23
12
10
17
21
19
18
Investments
22
22
23
27
211
282
394
264
365
547
625
962
Other Assets
156
181
204
227
216
220
272
287
340
492
421
388
Total Assets
303
352
387
421
619
728
916
937
1,111
1,487
1,493
1,796
Reserves and Borrowings Chart
Cash Flow
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
Cash from Operating Activity
27
13
44
46
31
119
135
110
91
109
125
72
Cash from Investing Activity
-25
-32
-27
-27
16
-45
-111
-61
-53
-104
-118
-51
Cash from Financing Activity
-4
20
-23
-17
-48
-73
-24
-31
-17
-17
-35
-17
Net Cash Flow
-2
1
-6
1
-1
1
-0
17
21
-12
-27
4
Free Cash Flow
Month
Mar 2012
Mar 2013
Mar 2014
Mar 2015
Mar 2016
Mar 2017
Mar 2018
Mar 2019
Mar 2020
Mar 2021
Mar 2022
Mar 2023
Free Cash Flow
18.00
-33.00
-62.00
-23.00
-26.00
-24.00
115.00
243.00
107.00
113.00
225.00
126.00
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.)
5.31
63.59
128.24
56.55
76.43
Diluted EPS (Rs.)
5.31
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.)
44.51
111.10
195.73
103.53
111.57
PBIT / Share (Rs.)
19.51
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 (%)
6.77
12.81
20.88
17.36
19.96
PBIT Margin (%)
2.96
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 (%)
1.54
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
1.01
0.79
0.80
Current Ratio (X)
2.70
3.63
2.36
2.09
1.89
Quick Ratio (X)
2.18
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) (%)
0.00
35.38
8.77
0.00
45.35
Dividend Payout Ratio (CP) (%)
0.00
25.41
7.37
0.00
36.65
Earning Retention Ratio (%)
0.00
64.62
91.23
0.00
54.65
Cash Earning Retention Ratio (%)
0.00
74.59
92.63
0.00
63.35
Interest Coverage Ratio (X)
29.79
64.23
126.97
59.73
54.83
Interest Coverage Ratio (Post Tax) (X)
10.06
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)
15.70
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 (%)
0.00
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
Profitability Ratios (%)
Liquidity Ratios
Liquidity Ratios (%)
Interest Coverage Ratios (%)
Valuation Ratios
Fair Value
Fair Value: ₹508.08
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.
Overvalued: 66.06% compared to the current price ₹1,497.00
Intrinsic Value: 398.49
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 intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.
Overvalued: 73.38% compared to the current price ₹1,497.00
Last 5 Year EPS CAGR: -21.57%
*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 (634.83 cr) compared to borrowings (40.75 cr), indicating strong financial stability.
The company has shown consistent growth in sales (480.46 cr) and profit (83.85 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:
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.
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.
ROE%: 1.19% (Industry Average ROE: 0%)
ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
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.
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.
Stock P/E: 44.6 (Industry average Stock P/E: 0)
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.
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 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.
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
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