About
Excel Industries Limited engages in manufactures and sells chemicals, and environmental and biotech products and services in India and internationally. The company offers specialty chemicals, intermediates and actives catering to various end users like agrochemicals, water treatment, soaps and detergents, lube oil additives, mining chemicals, polymer additives and pharmaceuticals; and active pharmaceutical ingredients (APIs), as well as agrochemical inputs, biocides, soil and water conditioners, phosphorus pentachloride, phosphorus trichloride, and thiophosphoryl chloride. It also provides organic waste management composting, municipal solid waste management, plastic waste management, and construction and demolition waste management services. In addition, the company offers polymer input and veterinary APIs. Excel Industries Limited was founded in 1941 and is headquartered in Mumbai, India.
Key Metrics
as of Sep 2026Market Cap1,297 Cr
P/E18.20
Div Yield1.33 %
Book Value₹1,355.00
52w High₹1,265.00
52w Low₹800.00
Face Value₹5.00
Quarterly Results
Rs. Crores · hover row for definition| Metric | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 294.00 | 281.00 | 234.00 | 270.00 | 310.00 | 248.00 | 196.00 | 269.00 | 265.00 | 234.00 | 180.00 | 198.00 | 214.00 |
| Expenses | 251.00 | 259.00 | 218.00 | 240.00 | 267.00 | 228.00 | 184.00 | 220.00 | 226.00 | 221.00 | 179.00 | 195.00 | 207.00 |
| Operating Profit | 42.00 | 22.00 | 16.00 | 30.00 | 42.00 | 20.00 | 12.00 | 49.00 | 39.00 | 12.00 | 1.00 | 3.00 | 8.00 |
| OPM % | 14.00 | 8.00 | 7.00 | 11.00 | 14.00 | 8.00 | 6.00 | 18.00 | 15.00 | 5.00 | 0.80 | 1.30 | 3.60 |
| Other Income | 7.00 | 3.00 | 5.00 | 7.00 | 12.00 | 6.00 | 5.00 | 8.00 | 11.00 | 5.00 | 11.00 | 7.00 | 9.00 |
| Depreciation | 10.00 | 10.00 | 9.00 | 9.00 | 9.00 | 9.00 | 9.00 | 9.00 | 8.00 | 8.00 | 8.00 | 8.00 | 9.00 |
| Interest | 1.00 | 0.00 | 0.00 | 1.00 | 1.00 | 0.00 | 0.00 | 1.00 | 1.00 | 0.00 | 1.00 | 0.00 | 1.00 |
| Profit before tax | 39.00 | 15.00 | 11.00 | 27.00 | 44.00 | 16.00 | 8.00 | 47.00 | 41.00 | 9.00 | 4.00 | 2.00 | 8.00 |
| Tax % | 24.00 | 16.00 | 25.00 | 23.00 | 24.00 | 24.00 | 26.00 | 24.00 | 25.00 | 25.00 | 34.00 | 9.00 | 24.00 |
| Net Profit | 29.00 | 12.00 | 8.00 | 21.00 | 34.00 | 12.00 | 6.00 | 36.00 | 31.00 | 7.00 | 3.00 | 2.00 | 6.00 |
| EPS in Rs | 23.44 | 9.77 | 6.71 | 16.86 | 26.86 | 9.87 | 4.93 | 28.38 | 24.68 | 5.31 | 2.13 | 1.42 | 4.68 |
Profit & Loss
Annual · Rs. Crores| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,095.00 | 978.00 | 826.00 | 1,090.00 | 1,178.00 | 749.00 | 702.00 | 825.00 | 599.00 | 462.00 | 448.00 | 482.00 |
| Expenses | 985.00 | 857.00 | 801.00 | 961.00 | 946.00 | 628.00 | 571.00 | 574.00 | 474.00 | 419.00 | 385.00 | 409.00 |
| Operating Profit | 110.00 | 121.00 | 25.00 | 129.00 | 232.00 | 122.00 | 131.00 | 250.00 | 125.00 | 44.00 | 63.00 | 72.00 |
| OPM % | 10.00 | 12.00 | 3.00 | 12.00 | 20.00 | 16.00 | 19.00 | 30.00 | 21.00 | 9.00 | 14.00 | 15.00 |
| Other Income | 27.00 | 29.00 | 32.00 | 12.00 | 15.00 | 9.00 | 10.00 | 5.00 | 4.00 | 9.00 | 3.00 | 7.00 |
| Interest | 2.00 | 4.00 | 3.00 | 3.00 | 3.00 | 3.00 | 4.00 | 3.00 | 7.00 | 11.00 | 13.00 | 14.00 |
| Depreciation | 37.00 | 34.00 | 31.00 | 31.00 | 31.00 | 27.00 | 23.00 | 18.00 | 15.00 | 14.00 | 15.00 | 15.00 |
| Profit before tax | 98.00 | 113.00 | 23.00 | 106.00 | 213.00 | 101.00 | 115.00 | 234.00 | 107.00 | 27.00 | 38.00 | 51.00 |
| Tax % | 23.00 | 24.00 | 25.00 | 24.00 | 24.00 | 29.00 | 16.00 | 34.00 | 31.00 | 26.00 | 31.00 | 19.00 |
| Net Profit | 76.00 | 85.00 | 17.00 | 80.00 | 161.00 | 71.00 | 96.00 | 153.00 | 74.00 | 20.00 | 26.00 | 41.00 |
| EPS in Rs | 60.20 | 67.86 | 13.53 | 63.59 | 128.23 | 56.55 | 76.42 | 122.07 | 58.78 | 15.93 | 20.18 | 34.59 |
| Dividend Payout % | 23.00 | 20.00 | 41.00 | 18.00 | 18.00 | 20.00 | 13.00 | 15.00 | 21.00 | 38.00 | 22.00 | 20.00 |
Balance Sheet
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 6.00 | 6.00 | 6.00 | 6.00 | 6.00 | 6.00 | 6.00 | 6.00 | 6.00 | 6.00 | 6.00 | 6.00 |
| Reserves | 1,697.00 | 1,582.00 | 1,421.00 | 1,235.00 | 1,143.00 | 845.00 | 695.00 | 693.00 | 526.00 | 404.00 | 204.00 | 180.00 |
| Borrowings | 8.00 | 12.00 | 2.00 | 3.00 | 7.00 | 9.00 | 24.00 | 7.00 | 10.00 | 68.00 | 89.00 | 95.00 |
| Other Liabilities | 394.00 | 319.00 | 367.00 | 248.00 | 330.00 | 251.00 | 212.00 | 209.00 | 186.00 | 141.00 | 121.00 | 106.00 |
| Total Liabilities | 2,105.00 | 1,920.00 | 1,795.00 | 1,493.00 | 1,487.00 | 1,111.00 | 937.00 | 916.00 | 728.00 | 619.00 | 421.00 | 387.00 |
| Fixed Assets | 476.00 | 459.00 | 428.00 | 428.00 | 427.00 | 389.00 | 376.00 | 238.00 | 203.00 | 183.00 | 164.00 | 158.00 |
| CWIP | 38.00 | 13.00 | 19.00 | 19.00 | 21.00 | 17.00 | 10.00 | 12.00 | 23.00 | 8.00 | 3.00 | 3.00 |
| Investments | 1,126.00 | 1,085.00 | 984.00 | 625.00 | 547.00 | 365.00 | 264.00 | 394.00 | 282.00 | 211.00 | 27.00 | 23.00 |
| Other Assets | 466.00 | 364.00 | 365.00 | 421.00 | 492.00 | 340.00 | 287.00 | 272.00 | 220.00 | 216.00 | 227.00 | 204.00 |
| Total Assets | 2,105.00 | 1,920.00 | 1,795.00 | 1,493.00 | 1,487.00 | 1,111.00 | 937.00 | 916.00 | 728.00 | 619.00 | 421.00 | 387.00 |
Cash Flows
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 53.00 | 62.00 | 72.00 | 125.00 | 109.00 | 91.00 | 110.00 | 135.00 | 119.00 | 31.00 | 46.00 | 44.00 |
| Cash from Investing Activity | -25.00 | -41.00 | -51.00 | -118.00 | -104.00 | -53.00 | -61.00 | -111.00 | -45.00 | 16.00 | -27.00 | -27.00 |
| Cash from Financing Activity | -27.00 | -16.00 | -17.00 | -35.00 | -17.00 | -17.00 | -31.00 | -24.00 | -73.00 | -48.00 | -17.00 | -23.00 |
| Net Cash Flow | 1.00 | 4.00 | 4.00 | -27.00 | -12.00 | 21.00 | 17.00 | 0.00 | 1.00 | -1.00 | 1.00 | -6.00 |
| Free Cash Flow | -25.00 | 19.00 | 41.00 | 94.00 | 35.00 | 43.00 | 44.00 | 90.00 | 67.00 | -6.00 | 21.00 | 13.00 |
| CFO/OP % | 65.00 | 52.00 | 314.00 | 120.00 | 68.00 | 94.00 | 105.00 | 85.00 | 116.00 | 108.00 | 104.00 | 75.00 |
Ratios
Annual · Days / % — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 87.00 | 81.00 | 82.00 | 52.00 | 62.00 | 84.00 | 78.00 | 70.00 | 76.00 | 95.00 | 103.00 | 80.00 |
| Inventory Days | 78.00 | 70.00 | 80.00 | 78.00 | 103.00 | 71.00 | 90.00 | 75.00 | 79.00 | 86.00 | 99.00 | 103.00 |
| Days Payable | 91.00 | 102.00 | 139.00 | 64.00 | 112.00 | 126.00 | 122.00 | 108.00 | 123.00 | 98.00 | 112.00 | 84.00 |
| Cash Conversion Cycle | 74.00 | 49.00 | 23.00 | 67.00 | 52.00 | 29.00 | 46.00 | 36.00 | 32.00 | 83.00 | 90.00 | 99.00 |
| Working Capital Days | 106.00 | 58.00 | 47.00 | 61.00 | 61.00 | 51.00 | 49.00 | 57.00 | 50.00 | 42.00 | 27.00 | 28.00 |
| ROCE % | 6.00 | 7.00 | 2.00 | 9.00 | 21.00 | 13.00 | 17.00 | 38.00 | 22.00 | 10.00 | 18.00 | 24.00 |
Corporate Actions
25 records| Action | Ex Date | Record Date | Ratio | Amount (₹) | Notes |
|---|---|---|---|---|---|
| Dividend | 14 Aug 2025 | 14 Aug 2025 | — | 13.75 | |
| Dividend | 12 Sep 2024 | 12 Sep 2024 | — | 5.50 | |
| Dividend | 07 Sep 2023 | 07 Sep 2023 | — | 11.25 | |
| Dividend | 15 Sep 2022 | 16 Sep 2022 | — | 22.50 | |
| Dividend | 16 Sep 2021 | — | — | 11.25 | |
| Dividend | 19 Mar 2020 | 20 Mar 2020 | — | 10.00 | |
| Dividend | 05 Aug 2019 | — | — | 18.75 | |
| Dividend | 01 Aug 2018 | — | — | 12.50 | |
| Dividend | 26 Jul 2017 | — | — | 6.00 | |
| Dividend | 14 Jul 2016 | — | — | 4.50 | |
| Dividend | 03 Sep 2015 | — | — | 4.00 | |
| Dividend | 13 Nov 2014 | 14 Nov 2014 | — | 3.00 | |
| Dividend | 15 Sep 2014 | — | — | 3.75 | |
| Dividend | 18 Jul 2013 | — | — | 3.00 | |
| Dividend | 12 Jul 2012 | — | — | 2.00 | |
| Dividend | 14 Jul 2011 | — | — | 1.25 | NSE/BSE dividend mismatch: BSE/NSE=2.5; BSE/NSE=1.25 |
| Dividend | 14 Jul 2011 | — | — | 2.50 | NSE/BSE dividend mismatch: BSE/NSE=2.5; BSE/NSE=1.25 |
| Dividend | 08 Jul 2010 | — | — | 2.00 | |
| Dividend | 14 Aug 2009 | — | — | 0.50 | |
| Dividend | 21 Aug 2008 | — | — | 1.00 | |
| Dividend | 12 Jul 2007 | — | — | 0.50 | |
| Other | 14 Jul 2006 | — | — | — | Agm |
| Dividend | 15 Jul 2005 | — | — | 0.50 | |
| Other | 26 Sep 2003 | 07 Oct 2003 | — | — | Scheme of Arrangement |
| Dividend | 17 Aug 2001 | — | — | 2.50 |
Announcements
5 filingsShareholding Pattern
Open on BSEFinancial Results — Filings
Open on BSEBoard Filings
Open on BSEAnnual Reports
Credit Ratings
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Rating update17 Jun 2025 from crisil
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Rating update19 Mar 2024 from crisil
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Rating update5 Jul 2023 from crisil
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Rating update21 Apr 2022 from crisil
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Rating update29 Jan 2021 from crisil
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Rating update17 Dec 2019 from crisil