Excel Industries Ltd

₹ 1,179 0.39%

03 Jul - close price

excelind.co.in BSE: 500650 NSE: EXCELINDUS

About

Excel Industries is engaged in manufacturing and selling of Chemicals, Pharma intermediates and Environmental products. ^[1]

Key Points

Market Position
The company is the No. 1 Producer of DETC (Diethylthiophosphoryl Chloride) and one of the Top 5 Producers of Phosphonates in the world. ^[1]

Website BSE NSE

Market Cap ₹ 1,483 Cr.
Current Price ₹ 1,179
High / Low ₹ 1,264 / 699
Stock P/E 87.2
Book Value ₹ 1,135
Dividend Yield 0.95 %
ROCE 1.84 %
ROE 1.27 %
Face Value ₹ 5.00

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Pros

Company has reduced debt.
Company is almost debt free.
Stock is trading at 1.04 times its book value
Company has been maintaining a healthy dividend payout of 25.3%

Cons

The company has delivered a poor sales growth of 0.03% over past five years.
Company has a low return on equity of 7.32% over last 3 years.
Earnings include an other income of Rs.33.0 Cr.
Debtor days have increased from 65.3 to 81.6 days.
Working capital days have increased from 85.9 days to 134 days

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Agro Chemicals Industry: Pesticides / Agrochemicals - Indian

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Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
	218.68	231.91	230.92	350.52	364.67	328.81	311.95	222.97	226.09	214.28	198.04	180.28	233.54
	180.03	199.39	202.50	247.82	297.90	273.65	279.37	194.98	215.39	206.53	195.46	178.91	221.33
Operating Profit	38.65	32.52	28.42	102.70	66.77	55.16	32.58	27.99	10.70	7.75	2.58	1.37	12.21
OPM %	17.67%	14.02%	12.31%	29.30%	18.31%	16.78%	10.44%	12.55%	4.73%	3.62%	1.30%	0.76%	5.23%
	1.12	4.01	2.28	8.13	1.22	2.62	5.75	1.91	2.59	9.38	7.42	11.31	4.96
Interest	0.43	0.60	0.47	0.43	0.44	0.50	0.92	0.36	0.39	0.58	0.26	0.74	0.29
Depreciation	6.95	7.21	7.50	8.21	7.74	7.77	7.91	7.85	7.84	8.84	7.78	7.85	7.98
Profit before tax	32.39	28.72	22.73	102.19	59.81	49.51	29.50	21.69	5.06	7.71	1.96	4.09	8.90
Tax %	37.94%	25.42%	24.59%	23.82%	25.11%	25.19%	25.29%	13.88%	57.31%	23.74%	8.67%	34.47%	25.06%
	20.10	21.43	17.14	77.85	44.79	37.05	22.04	18.68	2.16	5.88	1.79	2.68	6.67
EPS in Rs	15.99	17.05	13.63	61.93	35.63	29.47	17.53	14.86	1.72	4.68	1.42	2.13	5.31
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	384	416	482	448	462	599	825	702	749	1,178	1,090	826
	344	376	409	385	419	474	574	571	628	946	961	803
Operating Profit	40	40	72	63	44	125	250	131	122	232	129	23
OPM %	10%	10%	15%	14%	9%	21%	30%	19%	16%	20%	12%	3%
	4	5	7	3	9	4	5	10	9	15	12	33
Interest	12	12	14	13	11	7	3	4	3	3	3	2
Depreciation	10	11	15	15	14	15	18	23	27	31	31	31
Profit before tax	22	21	51	38	27	107	234	115	101	213	106	23
Tax %	32%	15%	19%	31%	26%	31%	34%	16%	29%	24%	24%	25%
	15	18	41	26	20	74	153	96	71	161	80	17
EPS in Rs	13.69	16.50	34.59	20.18	15.93	58.78	122.07	76.42	56.55	128.23	63.59	13.53
Dividend Payout %	22%	23%	20%	22%	38%	21%	15%	13%	20%	18%	18%	41%

Compounded Sales Growth
10 Years:	7%
5 Years:	0%
3 Years:	3%
TTM:	-24%

Compounded Profit Growth
10 Years:	-1%
5 Years:	-36%
3 Years:	-38%
TTM:	-79%

Stock Price CAGR
10 Years:	19%
5 Years:	5%
3 Years:	0%
1 Year:	23%

Return on Equity
10 Years:	11%
5 Years:	8%
3 Years:	7%
Last Year:	1%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	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
	73	102	95	89	68	10	7	24	9	7	3	2
	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
	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
	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

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	27	13	44	46	31	119	135	110	91	109	125	72
	-25	-32	-27	-27	16	-45	-111	-61	-53	-104	-118	-51
	-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

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	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	77
Days Payable	91	81	84	112	98	123	108	122	126	112	64	134
Cash Conversion Cycle	71	82	99	90	83	32	36	46	29	52	67	24
Working Capital Days	65	77	74	82	82	54	60	61	54	62	61	134
ROCE %	17%	15%	24%	18%	10%	22%	38%	17%	13%	21%	9%

Shareholding Pattern

Numbers in percentages

	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
	52.77%	52.49%	52.49%	52.49%	52.60%	52.59%	52.59%	52.59%	52.60%	52.60%	52.60%	52.60%
	0.21%	0.24%	0.27%	0.41%	0.63%	0.77%	0.77%	0.85%	0.74%	0.70%	0.66%	0.56%
	7.45%	7.39%	7.35%	7.35%	7.24%	7.24%	7.22%	6.99%	6.99%	6.97%	6.97%	6.97%
	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

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	52.38%	52.38%	52.38%	52.80%	52.80%	52.49%	52.59%	52.60%
	0.00%	0.15%	0.82%	0.26%	0.19%	0.41%	0.85%	0.56%
	7.73%	7.74%	7.79%	7.31%	7.27%	7.35%	6.99%	6.97%
	39.89%	39.72%	39.02%	39.63%	39.74%	39.75%	39.55%	39.86%
No. of Shareholders	13,271	12,992	17,236	18,768	22,498	25,969	25,044	26,725

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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