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Intrinsic value · Buy/Sell verdict · scores — free· 1049 Indian stocks· EOD 2026-07-31

Excel Industries Limited

EXCELINDUSNSEBasic Materials
₹986.3
-8.65 (-0.87%)
Buy

Valuation (92/100) does the heavy lifting; quality (45/100) is the drag.

Buy zone
The bottom line

StocksWizard rates Excel Industries Limited a Buy, scoring 63/100 on our blended model. On 15.1x trailing earnings it sits cheaper than the Basic Materials median of about 22.2x. The price is about 26% below its 52-week high of ₹1,341.24 and 22% above the low of ₹806.4. Financial health scores 38/100, in the grey band on the Altman Z-score, with a Piotroski F-score of 3/9. It clears 7 of 13 investability checks, with durability 45, valuation 84 and momentum 62 on our 0–100 scales.

Analysis by Ankit Sharma · StocksWizard's own estimates from end-of-day public data — see how we calculate them. For information only, not investment advice.

Intrinsic value
Our fair value
₹1,518.36up 53.95%
Undervalued by 54%
Price ₹986.3Range ₹554.65₹1,972.6
DCF + relative blendmedium confidence

With a 20% margin of safety, our buy-below price is ₹1,214.69.

1-year price

EOD · 2026-07-31
1D
down 0.87%
1W
up 5.81%
1M
up 9.19%
3M
up 3.11%
6M
up 9.01%
1Y

52-week range

-26.46% from the 52-week high.

Trend check
Above 50-DMA₹926Above 200-DMA₹952

Price above both moving averages reads as an intact uptrend; below both, the trend is against you.

Verdict pillars

Buy63
D
Financial health 38/100
Altman Z 2.52 · Grey zone

Piotroski F-score 3/9 — quality of earnings & balance sheet.

Our scores

Durability45
Valuation84
Momentum62

Durability rewards strong, low-debt, profitable businesses; Valuation rewards stocks cheap vs their sector; Momentum rewards strong price trends.

Investability checklist

Passed 7 of 13 checks
Each check screens one fundamentals, valuation or trend signal.
  • Fail: ROE above 15%: 4.6%
  • Pass: Low debt (D/E < 0.5): 0.00x
  • Fail: Positive free cash flow
  • Pass: Revenue growth > 10%: 14%
  • Fail: Earnings growing: -1%
  • Fail: Net margin ≥ 10%: 6.9%
  • Pass: Current ratio > 1.5: 2.49
  • Pass: Below our fair value
  • Pass: Margin of safety ≥ 20%
  • Pass: Above 200-day average
  • Pass: Above 50-day average
  • No data: Positive 1-year return
  • Fail: Altman Z in safe zone: Z 2.52
  • Fail: Piotroski ≥ 7: 3/9

Quarterly results

Revenue · 3Q2019
₹181 Cr
Net profit
₹38 Cr
Margin
21%
4Q2018
1Q2019
2Q2019
3Q2019
Revenue Net profitLatest revenue QoQ -5%

Annual financials

Revenue · 2019
₹806 Cr
Net profit
₹152 Cr
Margin
19%
2016
2017
2018
2019
Revenue Net profitLatest revenue YoY +38%

Shareholding

  • Promoter57.4%
  • Institutions7.0%
  • Public & other35.6%

Promoter holding via insider stake; institutional via reported holdings.

Key fundamentals

Market cap
₹1,145 Cr
P/E ratio
15.1
P/B ratio
0.67
EPS (TTM)
₹60.18
ROE
4.6%
Debt / Equity
0.00x
Profit margin
6.9%
Free cash flow
₹-26 Cr
52-week high
₹1,341.24
-26.46% from high
52-week low
₹806.4
Dividend yield
1.5%
Beta
0.39
SWOT snapshot

Bull case vs bear case

Bull case

Strengths

  • Lightly leveraged balance sheet.

Opportunities

  • Revenue growing (14% YoY).
  • Trading in our value buy zone versus sector peers.
  • Trades ~54% below our estimated fair value.

Bear case

Weaknesses

  • Low return on equity (4.6%).
  • Weak Piotroski score (3/9).

Threats

  • Earnings contracting year on year.

About Excel Industries Limited

Excel Industries Limited manufactures and sells specialty chemicals, intermediates, active pharmaceutical ingredients, and biotech products serving agrochemicals, water treatment, soaps and detergents, lube oil additives, mining, polymers, and pharmaceuticals sectors in India and internationally.

Excel Industries Limited — frequently asked questions

Is Excel Industries Limited a buy, hold or sell?

StocksWizard currently rates Excel Industries Limited (EXCELINDUS) a Buy, based on a blended score of 63/100 across valuation, quality, momentum and price trend. This is our own model-based view, not investment advice.

What is Excel Industries Limited's fair value?

Our blended DCF and relative-valuation model estimates Excel Industries Limited's fair value at about ₹1,518.36, versus a current price of ₹986.3 — roughly 54% upside. On that basis the stock looks undervalued by 54%.

Is Excel Industries Limited financially healthy?

Excel Industries Limited scores 38/100 on our financial-health model, placing it in the grey band on the Altman Z-score, with a Piotroski F-score of 3/9.

How has Excel Industries Limited's share price performed?

Excel Industries Limited is up 3% over three months, and last traded at ₹986.3. Past performance doesn't predict future returns.

Our verdict, fair value, financial-health and checklist are StocksWizard's own estimates, computed from public end-of-day data using standard models (DCF, relative valuation, Altman Z, Piotroski). For information only — not investment advice or a recommendation. Verify independently before investing.