Excel Industries Limited

BSE: 500650 NSE: EXCELINDUS
Excel Industries Limited - chemicals in Mumbai, Maharashtra, India. FY 2026 financials and compliance.
CIN L24200MH1960PLC011807 Incorporated 05 September 1960 ROC Mumbai HQ Mumbai, Maharashtra, India
Active Listed - NSE: EXCELINDUS · BSE: 500650 Public Limited Company chemicals
Data last updated
Revenue · FY 2026
₹1,094.52 Cr
▲ 11.91% YoY
EBITDA · FY 2026
₹137.17 Cr
▼ 8.42% YoY
Net profit · FY 2026
₹75.67 Cr
▼ 11.31% YoY
Authorised capital
₹20 Cr
Registered with MCA
Paid-up capital
₹6.29 Cr
Issued & subscribed
Open charges
₹220 Cr
Satisfied ₹449.44 Cr
Company age
66 yrs
Est. 1960
Employees · EPFO
898
Latest available

About Excel Industries Limited

Data last updated: 10 January 2026

Excel Industries Limited is a public limited company based in Mumbai, Maharashtra, India, recognised as a startup by DPIIT. It specialises in chemical products, a part of the broader chemicals sector. Incorporated on 05 September 1960, the company has been in operation for over 66 years.

Registered with ROC Mumbai under CIN L24200MH1960PLC011807. Listed on BSE: 500650 and NSE: EXCELINDUS.

Capital: an authorised share capital of ₹20 Cr and a paid-up capital of ₹6.29 Cr. Formerly known as Excel Industries Private Limited. It is led by directors including Devendra Parasmal Dosi and Surendra Kumar Singhvi.

Last AGM: 21 August 2025. Financial statements filed for year ended 31 March 2025. Office: 184 – 187Swami Vivekanand Road Jogeshwari (West), Mumbai, Maharashtra, India – 400102.

As per the financials filed for FY 2024, the company reported a revenue of ₹859.14 Cr, a decline of 22% compared to the previous year.

The company has a workforce of approximately 898 employees as per the latest available data. Its group structure includes 2 subsidiaries.

The company is associated with 2 brands - Excel Industries, Excel Industries. As per MCA filings, the company has open charges of ₹220 Cr and satisfied charges of ₹449.44 Cr on record.

The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website excelind.co.in.

Company Details of Excel Industries Limited
CIN L24200MH1960PLC011807
Registration Number 011807
Incorporation Date 05 September 1960
ROC Mumbai
Listing Status Listed (BSE: 500650, NSE: EXCELINDUS)
Company Status Active
Date of Last AGM 21 August 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
DPIIT Recognition Recognised Startup
Key People
Ravi Ashwin Shroff Managing Director Ashwin Champraj Shroff Whole-Time Director Hrishit Ashwin Shroff Whole-Time Director
Contact Details
  • Email
    *****@*****.com
  • Telephone
    +91-****-******
  • Website
    excelind.co.in
  • Social Media
  • Registered Address
    184 – 187Swami Vivekanand Road Jogeshwari (West), Mumbai, Maharashtra, India – 400102
  • Industry
    Chemicals, Chemical Products, Medicinal Chemical & Botanical Products, Pharmaceuticals
Company report
Excel Industries Limited - full intelligence report
  • Historical Financials and ratios
  • Shareholding pattern and group structure
  • Charges with holder and property details
  • Litigation, compliance and MCA filings
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Financials, compliance, directors, charges, ownership and filings for Excel Industries Limited in one report.

10-year financials Directors & ownership Charges & compliance

Associated Brands with Excel Industries Limited

Excel Industries Limited operates two associated brands: Excel Industries and EXCEL Industries. These brands represent Excel Industries Limited's diversified market presence and brand portfolio.

Brand Description Website
EXCEL Industries
Manufacturer of agrochemical, pharmaceutical, and polymer intermediates excelind.co.in
Excel Industries
Limited information available excelind.com

Business Activity of Excel Industries Limited

Excel Industries Limited is engaged in the principal business activity of manufacturing, with detailed activities including chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products.

Main Activity Group Code Description of Main Activity Business Activity Code Description of Business Activity Turnover Percentage
C Manufacturing C6 Chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products *********

Auditor Details of Excel Industries Limited

Excel Industries Limited is audited by Price Waterhouse Chartered Accountants LLP for the financial year 2023. The auditor plays a crucial role in ensuring financial transparency and compliance with accounting standards.

Name Status Appointment Date Cessation Date
Price Waterhouse Chartered Accountants LLP blur-value blur-value blur-value

Board of Directors of Excel Industries Limited

Excel Industries Limited is currently managed by 13 directors, with 31 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.

Current Directors
Name Designation Appointment Date Tenure Status
Devendra Parasmal Dosi
Also directs: Excel Rajkot C&D Waste Recycling Private Limited
Cfo 08 Feb 2018 8 Years 5 Months Current
Surendra Kumar Singhvi
Also directs: Excel Bio Resources Limited, Excel Rajkot C&D Waste Recycling Private Limited
Nodal Officer 26 Aug 2019 6 Years 10 Months Current
Ashwin Champraj Shroff
Also directs: Transpek Industry Limited, Excel Bio Resources Limited, Developmental & Eco-Friendly Enterprises and 5 more
Whole-Time Director 01 Feb 2010 16 Years 5 Months Current
Meena Amar Galliara Director 27 Jun 2019 7 Years 0 Months Current
Dinesh Kumar Bhagat Nominee Director 24 Mar 2023 3 Years 3 Months Current
Shekhar Shreedhar Khanolkar
Also directs: Aarti Industries Ltd
Director 13 Aug 2024 1 Years 10 Months Current
Showing 6 of 13 current directors. View all directors

Financials of Excel Industries Limited FY 2026 filings available

Excel Industries Limited reported revenue of ₹1,094.52 Cr (up 11.91% YoY) for FY 2026. Profit growth despite declining revenue indicates effective cost management and margin discipline.

Revenue · FY 2026
₹1,094.52 Cr ▲ 11.91%
Profit · FY 2026
₹75.67 Cr ▼ 11.31%
EBITDA · FY 2026
₹137.17 Cr ▼ 8.42%
Revenue₹ Cr · Consolidated05001,0001,500FY 2020: ₹702 Cr702FY 2020FY 2021: ₹749 Cr · +6.7% YoY749+6.7%FY 2021FY 2022: ₹1,178 Cr · +57.2% YoY1,178+57.2%FY 2022FY 2023: ₹1,090 Cr · -7.5% YoY1,090-7.5%FY 2023FY 2024: ₹826 Cr · -24.2% YoY826-24.2%FY 2024FY 2025: ₹978 Cr · +18.4% YoY978+18.4%FY 2025FY 2026: ₹1,095 Cr · +11.9% YoY1,095+11.9%FY 2026
Net Profit₹ Cr · Consolidated0100200FY 2020: ₹96 Cr96.1FY 2020FY 2021: ₹71 Cr · -26% YoY71.1-26%FY 2021FY 2022: ₹161 Cr · +126.8% YoY161+126.8%FY 2022FY 2023: ₹80 Cr · -50.4% YoY79.9-50.4%FY 2023FY 2024: ₹17 Cr · -78.7% YoY17-78.7%FY 2024FY 2025: ₹85 Cr · +401.5% YoY85.3+401.5%FY 2025FY 2026: ₹76 Cr · -11.3% YoY75.7-11.3%FY 2026
Quarterly Revenue₹ Cr · vs same quarter last year0200400Q1'25: ₹265 Cr · +23.6% YoY265+23.6%Q1'25Q2'25: ₹269 Cr · +35.8% YoY269+35.8%Q2'25Q3'25: ₹196 Cr · +8.9% YoY196+8.9%Q3'25Q4'25: ₹248 Cr · +6.1% YoY248+6.1%Q4'25Q1'26: ₹310 Cr · +16.8% YoY310+16.8%Q1'26Q2'26: ₹270 Cr · +0.5% YoY270+0.5%Q2'26Q3'26: ₹234 Cr · +18.9% YoY234+18.9%Q3'26Q4'26: ₹281 Cr · +13.5% YoY281+13.5%Q4'26
Metrics FY 2026 FY 2025 FY 2024 FY 2023 FY 2022 FY 2021 FY 2020
Revenue from Operations ₹1,094.52 Cr ₹978.07 Cr ₹826.14 Cr ₹1,089.82 Cr ₹1,178.02 Cr ₹749.47 Cr ₹702.48 Cr
Other Income ₹27.33 Cr ₹30.22 Cr ₹33 Cr ₹12.87 Cr ₹15.64 Cr ₹9.41 Cr ₹10.84 Cr
Total Income ₹1,121.85 Cr ₹1,008.29 Cr ₹859.14 Cr ₹1,102.68 Cr ₹1,193.66 Cr ₹758.88 Cr ₹713.32 Cr
Cost of Materials Consumed ₹602.03 Cr ₹518.63 Cr ₹485.92 Cr ₹614.55 Cr ₹621.38 Cr ₹359.04 Cr ₹331.29 Cr
Purchases of Stock-in-Trade ₹5.1 Cr ₹7.26 Cr ₹5.66 Cr ₹12.77 Cr ₹4.53 Cr ₹2.23 Cr ₹5.03 Cr
Changes in Inventories -₹5.07 Cr -₹19.65 Cr ₹11.49 Cr ₹3.47 Cr -₹19 Cr ₹7.94 Cr -₹7.75 Cr
Employee Benefit Expense ₹132.67 Cr ₹121.8 Cr ₹105.29 Cr ₹104.88 Cr ₹106.2 Cr ₹89.38 Cr ₹84.61 Cr
Finance Costs ₹2.47 Cr ₹2.37 Cr ₹1.88 Cr ₹2.17 Cr ₹1.94 Cr ₹2.18 Cr ₹2.56 Cr
Depreciation & Amortisation ₹36.9 Cr ₹34.07 Cr ₹31.43 Cr ₹31.36 Cr ₹30.66 Cr ₹27.15 Cr ₹22.78 Cr
Other Expenses ₹249.95 Cr ₹230.47 Cr ₹194.82 Cr ₹227.7 Cr ₹234.51 Cr ₹170.14 Cr ₹159.9 Cr
Total Expenses ₹1,024.04 Cr ₹894.94 Cr ₹836.49 Cr ₹996.92 Cr ₹980.2 Cr ₹658.07 Cr ₹598.42 Cr
Profit Before Exceptional Items & Tax ₹97.8 Cr ₹113.35 Cr ₹22.65 Cr ₹105.77 Cr ₹213.45 Cr ₹100.81 Cr ₹114.91 Cr
Exceptional Items ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Profit Before Tax ₹97.8 Cr ₹113.35 Cr ₹22.65 Cr ₹105.77 Cr ₹213.45 Cr ₹100.81 Cr ₹114.91 Cr
Total Tax Expense ₹22.14 Cr ₹27.63 Cr ₹5.64 Cr ₹25.83 Cr ₹52.25 Cr ₹29.72 Cr ₹18.8 Cr
Net Profit ₹75.67 Cr ₹85.31 Cr ₹17.01 Cr ₹79.94 Cr ₹161.2 Cr ₹71.09 Cr ₹96.07 Cr
  attributable to Owners ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
  attributable to NCI ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Other Comprehensive Income ₹55.91 Cr ₹83.26 Cr ₹182.44 Cr ₹40.75 Cr ₹150.75 Cr ₹79.57 Cr -₹51.18 Cr
Total Comprehensive Income ₹131.57 Cr ₹168.57 Cr ₹199.45 Cr ₹120.68 Cr ₹311.95 Cr ₹150.65 Cr ₹44.9 Cr
EBITDA (computed) ₹137.17 Cr ₹149.79 Cr ₹55.95 Cr ₹139.3 Cr ₹246.05 Cr ₹130.14 Cr ₹140.24 Cr
Basic EPS ₹60.19 ₹67.87 ₹5.31 ₹63.59 ₹128.24 ₹56.55 ₹76.43
Diluted EPS ₹60.19 ₹67.87 ₹5.31 ₹63.59 ₹128.24 ₹56.55 ₹76.43
Metrics FY 2026 FY 2025 FY 2024 FY 2023
Total Assets ₹2,105.32 Cr ₹1,920.4 Cr ₹1,795.53 Cr ₹1,492.58 Cr
Non-current Assets ₹1,543.18 Cr ₹1,366.28 Cr ₹1,246.27 Cr ₹1,024.63 Cr
Current Assets ₹562.14 Cr ₹554.12 Cr ₹549.26 Cr ₹467.95 Cr
Property, Plant & Equipment ₹438.03 Cr ₹423.3 Cr ₹407.63 Cr ₹407.63 Cr
Inventories ₹129.43 Cr ₹94.05 Cr ₹106.39 Cr ₹131.44 Cr
Trade Receivables ₹261.03 Cr ₹215.95 Cr ₹184.76 Cr ₹156.52 Cr
Cash & Equivalents ₹13.08 Cr ₹12.25 Cr ₹7.79 Cr ₹3.57 Cr
Equity (Net Worth) ₹1,703.01 Cr ₹1,588.72 Cr ₹1,427.06 Cr ₹1,241.75 Cr
Equity Share Capital ₹6.29 Cr ₹6.29 Cr ₹6.29 Cr ₹6.29 Cr
Borrowings (Non-current) ₹0 ₹0 ₹0 ₹0
Borrowings (Current) ₹9.12 Lakh ₹5.12 Lakh ₹0 ₹89.08 Lakh
Total Debt (computed) ₹9.12 Lakh ₹5.12 Lakh ₹0 ₹89.08 Lakh
Current Liabilities ₹225.51 Cr ₹173.73 Cr ₹203.12 Cr ₹123.37 Cr
Total Liabilities ₹402.31 Cr ₹331.69 Cr ₹368.47 Cr ₹250.83 Cr
The balance sheet became part of the exchange results-filing format in FY2023 - earlier years were not filed and are hidden.
Metrics FY 2026 FY 2025 FY 2024 FY 2023 FY 2022
Operating Cash Flow ₹52.9 Cr ₹61.82 Cr ₹72.37 Cr ₹125.35 Cr ₹108.93 Cr
Investing Cash Flow -₹25.09 Cr -₹41.29 Cr -₹51.23 Cr -₹117.5 Cr -₹104.09 Cr
Financing Cash Flow -₹26.97 Cr -₹16.07 Cr -₹16.93 Cr -₹34.58 Cr -₹16.89 Cr
Capital Expenditure ₹79.47 Cr ₹38.85 Cr ₹31.91 Cr ₹32.5 Cr ₹73.71 Cr
Free Cash Flow (computed) -₹26.57 Cr ₹22.97 Cr ₹40.47 Cr ₹92.85 Cr ₹35.23 Cr
Dividends Paid ₹17.28 Cr ₹6.91 Cr ₹14.19 Cr ₹28.22 Cr ₹14.16 Cr
Net Change in Cash ₹83.93 Lakh ₹4.46 Cr ₹4.21 Cr -₹26.74 Cr -₹12.04 Cr
The cash-flow statement became part of the exchange results-filing format in FY2022 - earlier years were not filed and are hidden.
Metrics Q4 FY26 Q3 FY26 Q2 FY26 Q1 FY26 Q4 FY25 Q3 FY25 Q2 FY25 Q1 FY25 Q4 FY24 Q3 FY24 Q2 FY24 Q1 FY24
Revenue from Operations ₹281.24 Cr ₹233.54 Cr ₹270.23 Cr ₹309.52 Cr ₹247.84 Cr ₹196.41 Cr ₹268.91 Cr ₹264.91 Cr ₹233.54 Cr ₹180.28 Cr ₹198.04 Cr ₹214.28 Cr
Other Income ₹2.57 Cr ₹5.11 Cr ₹7.44 Cr ₹12.21 Cr ₹5.74 Cr ₹5.15 Cr ₹8.04 Cr ₹11.29 Cr ₹4.96 Cr ₹11.31 Cr ₹7.42 Cr ₹9.31 Cr
Total Income ₹283.8 Cr ₹238.65 Cr ₹277.67 Cr ₹321.72 Cr ₹253.58 Cr ₹201.56 Cr ₹276.95 Cr ₹276.2 Cr ₹238.5 Cr ₹191.59 Cr ₹205.46 Cr ₹223.6 Cr
Cost of Materials Consumed ₹153.61 Cr ₹118.58 Cr ₹158.11 Cr ₹171.73 Cr ₹138.53 Cr ₹94.95 Cr ₹145.72 Cr ₹139.42 Cr ₹126.92 Cr ₹114.69 Cr ₹120.16 Cr ₹122.95 Cr
Purchases of Stock-in-Trade ₹99.3 Lakh ₹1.63 Cr ₹1.29 Cr ₹1.19 Cr ₹1.66 Cr ₹1.05 Cr ₹1.6 Cr ₹2.94 Cr ₹1.24 Cr ₹2 Cr ₹1.64 Cr ₹1.98 Cr
Changes in Inventories ₹6.52 Cr ₹5.81 Cr -₹12.98 Cr -₹4.42 Cr -₹4.28 Cr ₹6.56 Cr -₹17.48 Cr -₹4.45 Cr ₹10.63 Cr -₹11.31 Cr ₹3.32 Cr ₹8.85 Cr
Employee Benefit Expense ₹32.85 Cr ₹32.9 Cr ₹33.11 Cr ₹33.8 Cr ₹32.79 Cr ₹28.72 Cr ₹31.35 Cr ₹28.95 Cr ₹26.78 Cr ₹27.41 Cr ₹25.26 Cr ₹25.84 Cr
Finance Costs ₹25.1 Lakh ₹45.35 Lakh ₹75.34 Lakh ₹1.01 Cr ₹25.96 Lakh ₹28.43 Lakh ₹1.21 Cr ₹61.31 Lakh ₹29.26 Lakh ₹74.4 Lakh ₹25.9 Lakh ₹58.26 Lakh
Depreciation & Amortisation ₹9.64 Cr ₹9.19 Cr ₹9.13 Cr ₹8.95 Cr ₹8.76 Cr ₹8.53 Cr ₹8.67 Cr ₹8.11 Cr ₹7.98 Cr ₹7.85 Cr ₹7.78 Cr ₹8.84 Cr
Other Expenses ₹65.28 Cr ₹58.87 Cr ₹60.79 Cr ₹65.01 Cr ₹59.59 Cr ₹53.05 Cr ₹58.75 Cr ₹59.08 Cr ₹55.76 Cr ₹45.83 Cr ₹45.08 Cr ₹46.9 Cr
Total Expenses ₹269.15 Cr ₹227.44 Cr ₹250.2 Cr ₹277.26 Cr ₹237.29 Cr ₹193.15 Cr ₹229.82 Cr ₹234.67 Cr ₹229.59 Cr ₹187.21 Cr ₹203.51 Cr ₹215.96 Cr
Profit Before Exceptional Items & Tax ₹14.66 Cr ₹11.21 Cr ₹27.47 Cr ₹44.46 Cr ₹16.29 Cr ₹8.41 Cr ₹47.13 Cr ₹41.53 Cr ₹8.9 Cr ₹4.37 Cr ₹1.95 Cr ₹7.64 Cr
Exceptional Items ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Profit Before Tax ₹14.66 Cr ₹11.21 Cr ₹27.47 Cr ₹44.46 Cr ₹16.29 Cr ₹8.41 Cr ₹47.13 Cr ₹41.53 Cr ₹8.9 Cr ₹4.37 Cr ₹1.95 Cr ₹7.64 Cr
Total Tax Expense ₹2.38 Cr ₹2.78 Cr ₹6.28 Cr ₹10.7 Cr ₹3.88 Cr ₹2.21 Cr ₹11.44 Cr ₹10.1 Cr ₹2.23 Cr ₹1.41 Cr ₹16.8 Lakh ₹1.83 Cr
Net Profit ₹12.28 Cr ₹8.44 Cr ₹21.19 Cr ₹33.76 Cr ₹12.41 Cr ₹6.2 Cr ₹35.68 Cr ₹31.02 Cr ₹6.67 Cr ₹2.68 Cr ₹1.79 Cr ₹5.88 Cr
  attributable to Owners ₹0 ₹0 ₹21.19 Cr ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹1.79 Cr ₹0
  attributable to NCI ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Other Comprehensive Income -₹95.55 Cr -₹30.02 Cr ₹45.15 Cr ₹136.33 Cr -₹56.04 Cr ₹35.53 Cr ₹60.74 Cr ₹43.04 Cr -₹21.68 Cr ₹49.74 Cr ₹13.54 Cr ₹140.84 Cr
Total Comprehensive Income -₹83.27 Cr -₹21.58 Cr ₹66.34 Cr ₹170.09 Cr -₹43.63 Cr ₹41.73 Cr ₹96.42 Cr ₹74.06 Cr -₹15.01 Cr ₹52.42 Cr ₹15.32 Cr ₹146.72 Cr
EBITDA (computed) ₹24.55 Cr ₹20.85 Cr ₹37.35 Cr ₹54.42 Cr ₹25.31 Cr ₹17.22 Cr ₹57.01 Cr ₹50.25 Cr ₹17.17 Cr ₹12.97 Cr ₹10 Cr ₹17.07 Cr
Basic EPS ₹9.77 ₹6.71 ₹16.85 ₹26.86 ₹9.87 ₹4.93 ₹28.39 ₹24.68 ₹5.31 ₹2.13 ₹1.42 ₹4.67
Diluted EPS ₹9.77 ₹6.71 ₹16.85 ₹26.86 ₹9.87 ₹4.93 ₹28.39 ₹24.68 ₹5.31 ₹2.13 ₹1.42 ₹4.67
Latest 12 quarters shown of 24 on record.
Segment · Q4 FY25 (latest quarter) Revenue Result (PBIT) Assets Liabilities
Chemicals ₹244.81 Cr ₹27.02 Cr ₹764.14 Cr ₹147.81 Cr
Environment and Biotech ₹3.03 Cr -₹1.29 Cr ₹15.48 Cr ₹6.63 Cr
Segment · FY 2025 (annual) Revenue Result (PBIT) Assets Liabilities
Chemicals ₹968.76 Cr ₹153.38 Cr - -
Environment and Biotech ₹9.31 Cr -₹5.65 Cr - -
Metrics FY 2026 FY 2025 FY 2024 FY 2023 FY 2022 FY 2021 FY 2020
Revenue from Operations ₹1,094.25 Cr ₹978.07 Cr ₹826.14 Cr ₹1,089.82 Cr ₹1,178.02 Cr ₹749.47 Cr ₹702.48 Cr
Other Income ₹23.74 Cr ₹26.48 Cr ₹29.35 Cr ₹10.56 Cr ₹14.21 Cr ₹8.26 Cr ₹8.08 Cr
Total Income ₹1,117.99 Cr ₹1,004.55 Cr ₹855.49 Cr ₹1,100.38 Cr ₹1,192.23 Cr ₹757.72 Cr ₹710.56 Cr
Cost of Materials Consumed ₹601.86 Cr ₹518.49 Cr ₹485.92 Cr ₹614.55 Cr ₹621.38 Cr ₹359.04 Cr ₹331.29 Cr
Purchases of Stock-in-Trade ₹5.1 Cr ₹7.26 Cr ₹5.66 Cr ₹12.77 Cr ₹4.53 Cr ₹2.23 Cr ₹5.03 Cr
Changes in Inventories -₹5.07 Cr -₹19.6 Cr ₹11.49 Cr ₹3.47 Cr -₹19 Cr ₹7.94 Cr -₹7.75 Cr
Employee Benefit Expense ₹132.61 Cr ₹121.7 Cr ₹105.29 Cr ₹104.88 Cr ₹106.2 Cr ₹89.38 Cr ₹84.61 Cr
Finance Costs ₹2.47 Cr ₹2.37 Cr ₹1.84 Cr ₹2.17 Cr ₹1.92 Cr ₹2.18 Cr ₹2.55 Cr
Depreciation & Amortisation ₹36.58 Cr ₹33.78 Cr ₹31.42 Cr ₹31.36 Cr ₹30.66 Cr ₹27.15 Cr ₹22.78 Cr
Other Expenses ₹249.33 Cr ₹229.65 Cr ₹193.67 Cr ₹227.22 Cr ₹234.45 Cr ₹170.1 Cr ₹159.85 Cr
Total Expenses ₹1,022.87 Cr ₹893.64 Cr ₹835.29 Cr ₹996.43 Cr ₹980.13 Cr ₹658.02 Cr ₹598.36 Cr
Profit Before Exceptional Items & Tax ₹95.12 Cr ₹110.91 Cr ₹20.19 Cr ₹103.95 Cr ₹212.1 Cr ₹99.7 Cr ₹112.21 Cr
Exceptional Items ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Profit Before Tax ₹95.12 Cr ₹110.91 Cr ₹20.19 Cr ₹103.95 Cr ₹212.1 Cr ₹99.7 Cr ₹112.21 Cr
Total Tax Expense ₹21.72 Cr ₹27.41 Cr ₹5.09 Cr ₹25.5 Cr ₹51.94 Cr ₹29.51 Cr ₹18.73 Cr
Net Profit ₹73.4 Cr ₹83.5 Cr ₹15.11 Cr ₹78.45 Cr ₹160.16 Cr ₹70.19 Cr ₹93.47 Cr
Other Comprehensive Income -₹12.06 Cr ₹24.89 Cr ₹83.03 Cr ₹8.82 Cr ₹70.86 Cr ₹44.52 Cr -₹39.25 Cr
Total Comprehensive Income ₹61.34 Cr ₹108.39 Cr ₹98.14 Cr ₹87.28 Cr ₹231.01 Cr ₹114.7 Cr ₹54.22 Cr
EBITDA (computed) ₹134.16 Cr ₹147.06 Cr ₹53.46 Cr ₹137.48 Cr ₹244.68 Cr ₹129.03 Cr ₹137.54 Cr
Basic EPS ₹58.39 ₹66.42 ₹12.02 ₹62.41 ₹127.41 ₹55.84 ₹74.36
Diluted EPS ₹58.39 ₹66.42 ₹12.02 ₹62.41 ₹127.41 ₹55.84 ₹74.36
Metrics FY 2026 FY 2025 FY 2024 FY 2023
Total Assets ₹1,560.1 Cr ₹1,461.03 Cr ₹1,411.76 Cr ₹1,224.78 Cr
Non-current Assets ₹1,004.86 Cr ₹917.14 Cr ₹868.24 Cr ₹762.48 Cr
Current Assets ₹555.24 Cr ₹543.89 Cr ₹543.52 Cr ₹462.3 Cr
Property, Plant & Equipment ₹434.15 Cr ₹419.27 Cr ₹403.96 Cr ₹407.63 Cr
Inventories ₹129.36 Cr ₹93.99 Cr ₹106.39 Cr ₹131.44 Cr
Trade Receivables ₹260.98 Cr ₹215.95 Cr ₹184.7 Cr ₹156.52 Cr
Cash & Equivalents ₹10.12 Cr ₹9.06 Cr ₹7.36 Cr ₹3.27 Cr
Equity (Net Worth) ₹1,221.25 Cr ₹1,177.19 Cr ₹1,075.72 Cr ₹991.72 Cr
Equity Share Capital ₹6.29 Cr ₹6.29 Cr ₹6.29 Cr ₹6.29 Cr
Borrowings (Non-current) ₹0 ₹0 ₹0 ₹0
Borrowings (Current) ₹9.12 Lakh ₹5.12 Lakh ₹0 ₹89.08 Lakh
Total Debt (computed) ₹9.12 Lakh ₹5.12 Lakh ₹0 ₹89.08 Lakh
Current Liabilities ₹225.28 Cr ₹173.35 Cr ₹200.77 Cr ₹123.04 Cr
Total Liabilities ₹338.86 Cr ₹283.83 Cr ₹336.05 Cr ₹233.07 Cr
The balance sheet became part of the exchange results-filing format in FY2023 - earlier years were not filed and are hidden.
Metrics FY 2026 FY 2025 FY 2024 FY 2023 FY 2022
Operating Cash Flow ₹54.17 Cr ₹63.45 Cr ₹73.43 Cr ₹126.54 Cr ₹108.92 Cr
Investing Cash Flow -₹26.14 Cr -₹45.69 Cr -₹52.41 Cr -₹117.1 Cr -₹105.75 Cr
Financing Cash Flow -₹26.97 Cr -₹16.07 Cr -₹16.93 Cr -₹34.57 Cr -₹16.88 Cr
Capital Expenditure ₹79.3 Cr ₹38.24 Cr ₹30.13 Cr ₹32.5 Cr ₹73.71 Cr
Free Cash Flow (computed) -₹25.13 Cr ₹25.21 Cr ₹43.3 Cr ₹94.05 Cr ₹35.21 Cr
Dividends Paid ₹17.28 Cr ₹6.91 Cr ₹14.19 Cr ₹28.22 Cr ₹14.16 Cr
Net Change in Cash ₹1.06 Cr ₹1.69 Cr ₹4.09 Cr -₹25.13 Cr -₹13.7 Cr
The cash-flow statement became part of the exchange results-filing format in FY2022 - earlier years were not filed and are hidden.
Metrics Q4 FY26 Q3 FY26 Q2 FY26 Q1 FY26 Q4 FY25 Q3 FY25 Q2 FY25 Q1 FY25 Q4 FY24 Q3 FY24 Q2 FY24 Q1 FY24
Revenue from Operations ₹281.13 Cr ₹233.45 Cr ₹270.19 Cr ₹309.47 Cr ₹247.84 Cr ₹196.41 Cr ₹268.91 Cr ₹264.91 Cr ₹233.54 Cr ₹180.28 Cr ₹198.04 Cr ₹214.28 Cr
Other Income ₹2.87 Cr ₹4.86 Cr ₹4.22 Cr ₹11.79 Cr ₹4.4 Cr ₹5.07 Cr ₹5.9 Cr ₹11.11 Cr ₹4.9 Cr ₹11.05 Cr ₹4.38 Cr ₹9.02 Cr
Total Income ₹284.01 Cr ₹238.31 Cr ₹274.41 Cr ₹321.26 Cr ₹252.24 Cr ₹201.48 Cr ₹274.81 Cr ₹276.02 Cr ₹238.43 Cr ₹191.32 Cr ₹202.42 Cr ₹223.31 Cr
Cost of Materials Consumed ₹153.53 Cr ₹118.58 Cr ₹158.12 Cr ₹171.63 Cr ₹138.39 Cr ₹94.95 Cr ₹145.72 Cr ₹139.42 Cr ₹126.92 Cr ₹114.69 Cr ₹120.16 Cr ₹122.95 Cr
Purchases of Stock-in-Trade ₹99.3 Lakh ₹1.63 Cr ₹1.29 Cr ₹1.19 Cr ₹1.66 Cr ₹1.05 Cr ₹1.6 Cr ₹2.94 Cr ₹1.24 Cr ₹2 Cr ₹1.64 Cr ₹1.98 Cr
Changes in Inventories ₹6.52 Cr ₹5.77 Cr -₹13.01 Cr -₹4.34 Cr -₹4.27 Cr ₹6.58 Cr -₹17.47 Cr -₹4.44 Cr ₹10.63 Cr -₹11.31 Cr ₹3.32 Cr ₹8.85 Cr
Employee Benefit Expense ₹32.84 Cr ₹32.89 Cr ₹33.1 Cr ₹33.78 Cr ₹32.75 Cr ₹28.7 Cr ₹31.33 Cr ₹28.93 Cr ₹26.78 Cr ₹27.41 Cr ₹25.26 Cr ₹25.84 Cr
Finance Costs ₹25.1 Lakh ₹45.35 Lakh ₹75.34 Lakh ₹1.01 Cr ₹25.96 Lakh ₹28.43 Lakh ₹1.21 Cr ₹61.31 Lakh ₹26.73 Lakh ₹73.06 Lakh ₹25.9 Lakh ₹58.26 Lakh
Depreciation & Amortisation ₹9.56 Cr ₹9.1 Cr ₹9.04 Cr ₹8.87 Cr ₹8.68 Cr ₹8.46 Cr ₹8.6 Cr ₹8.04 Cr ₹7.98 Cr ₹7.85 Cr ₹7.78 Cr ₹8.84 Cr
Other Expenses ₹65.19 Cr ₹58.67 Cr ₹60.57 Cr ₹64.89 Cr ₹59.49 Cr ₹52.8 Cr ₹58.47 Cr ₹58.89 Cr ₹55.09 Cr ₹45.73 Cr ₹44.97 Cr ₹46.84 Cr
Total Expenses ₹268.89 Cr ₹227.09 Cr ₹249.87 Cr ₹277.02 Cr ₹236.96 Cr ₹192.82 Cr ₹229.46 Cr ₹234.4 Cr ₹228.89 Cr ₹187.1 Cr ₹203.4 Cr ₹215.9 Cr
Profit Before Exceptional Items & Tax ₹15.12 Cr ₹11.23 Cr ₹24.54 Cr ₹44.24 Cr ₹15.28 Cr ₹8.65 Cr ₹45.35 Cr ₹41.62 Cr ₹9.54 Cr ₹4.22 Cr -₹97.67 Lakh ₹7.41 Cr
Exceptional Items ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Profit Before Tax ₹15.12 Cr ₹11.23 Cr ₹24.54 Cr ₹44.24 Cr ₹15.28 Cr ₹8.65 Cr ₹45.35 Cr ₹41.62 Cr ₹9.54 Cr ₹4.22 Cr -₹97.67 Lakh ₹7.41 Cr
Total Tax Expense ₹2.4 Cr ₹2.83 Cr ₹5.81 Cr ₹10.68 Cr ₹3.91 Cr ₹2.26 Cr ₹11.1 Cr ₹10.14 Cr ₹2.23 Cr ₹1.39 Cr -₹33.22 Lakh ₹1.8 Cr
Net Profit ₹12.71 Cr ₹8.4 Cr ₹18.73 Cr ₹33.56 Cr ₹11.37 Cr ₹6.4 Cr ₹34.25 Cr ₹31.48 Cr ₹7.31 Cr ₹2.83 Cr -₹64.45 Lakh ₹5.61 Cr
Other Comprehensive Income -₹30.26 Cr -₹7.21 Cr ₹7.98 Cr ₹17.44 Cr -₹46.86 Cr -₹39.11 Cr ₹88.5 Cr ₹22.36 Cr ₹29.71 Cr ₹11.14 Cr ₹37.3 Cr ₹4.89 Cr
Total Comprehensive Income -₹17.55 Cr ₹1.19 Cr ₹26.71 Cr ₹51 Cr -₹35.49 Cr -₹32.71 Cr ₹122.75 Cr ₹53.84 Cr ₹37.01 Cr ₹13.97 Cr ₹36.65 Cr ₹10.5 Cr
EBITDA (computed) ₹24.93 Cr ₹20.78 Cr ₹34.33 Cr ₹54.12 Cr ₹24.23 Cr ₹17.39 Cr ₹55.16 Cr ₹50.28 Cr ₹17.78 Cr ₹12.8 Cr ₹7.07 Cr ₹16.84 Cr
Basic EPS ₹10.11 ₹6.68 ₹14.90 ₹26.70 ₹9.05 ₹5.09 ₹27.24 ₹25.04 ₹5.81 ₹2.26 ₹-0.51 ₹4.46
Diluted EPS ₹10.11 ₹6.68 ₹14.90 ₹26.70 ₹9.05 ₹5.09 ₹27.24 ₹25.04 ₹5.81 ₹2.26 ₹-0.51 ₹4.46
Latest 12 quarters shown of 24 on record.
Segment · Q4 FY25 (latest quarter) Revenue Result (PBIT) Assets Liabilities
Chemicals ₹244.81 Cr ₹27.06 Cr ₹764.12 Cr ₹147.73 Cr
Environment and Biotech ₹3.03 Cr -₹1.09 Cr ₹16.16 Cr ₹6.34 Cr
Segment · FY 2025 (annual) Revenue Result (PBIT) Assets Liabilities
Chemicals ₹968.76 Cr ₹153.53 Cr - -
Environment and Biotech ₹9.31 Cr -₹4.78 Cr - -
Want more history and ratios?
You're viewing the latest exchange-filed financials for Excel Industries Limited. The full report adds 10+ years of line-item history, 20+ ratios, peer benchmarks and a downloadable PDF.
10+ years of history 20+ ratios & benchmarks Downloadable PDF

Shareholding Pattern of Excel Industries Limited

As per the shareholding pattern filed with NSE for the quarter ended Mar 2026, promoters hold 52.69%, foreign institutional investors hold 1.94%, domestic institutional investors hold 7.07%, retail and other public shareholders hold 38.30% of Excel Industries Limited. The company had 21,703 shareholders on record.

Promoters: 52.69%DII (Domestic Institutional): 7.07%FII (Foreign Institutional): 1.94%Retail & Others: 38.30%
Mar 2026
QUARTER
52.69% Promoters
7.07% DII (Domestic Institutional)
1.94% FII (Foreign Institutional)
38.30% Retail & Others
Promoter holding - history
Now 52.69% · Mar 2026High 52.80% · Jun 2019Low 51.02% · Dec 2015
50%51%52%53%54%Dec 2015Jun 2018Dec 2020Jun 2023Dec 2025Dec 2015: 51.02%Mar 2016: 51.02%Jun 2016: 52.38%Sep 2016: 52.38%Dec 2016: 52.38%Mar 2017: 52.38%Jun 2017: 52.38%Sep 2017: 52.38%Dec 2017: 52.38%Mar 2018: 52.38%Jun 2018: 52.38%Sep 2018: 52.38%Dec 2018: 52.38%Mar 2019: 52.38%Jun 2019: 52.80%Sep 2019: 52.80%Dec 2019: 52.80%Mar 2020: 52.80%Jun 2020: 52.80%Sep 2020: 52.80%Dec 2020: 52.80%Mar 2021: 52.80%Jun 2021: 52.77%Sep 2021: 52.49%Dec 2021: 52.49%Mar 2022: 52.49%Jun 2022: 52.60%Sep 2022: 52.60%Dec 2022: 52.60%Mar 2023: 52.60%Jun 2023: 52.60%Sep 2023: 52.60%Dec 2023: 52.60%Mar 2024: 52.60%Jun 2024: 52.58%Sep 2024: 52.57%Dec 2024: 52.57%Mar 2025: 52.66%Jun 2025: 52.68%Sep 2025: 52.68%Dec 2025: 52.69%Mar 2026: 52.69%52.80%51.02%52.69%
Shareholding trend - last 6 quarters
Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Promoters52.69%52.69%52.68%52.68%52.66%52.57%
Public47.31%47.31%47.32%47.32%47.34%47.43%
Shareholding history - year on year (as at 31 March)
Mar 2026Mar 2025Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016
Promoters52.69%52.66%52.60%52.60%52.49%52.80%52.80%52.38%52.38%52.38%51.02%
Public47.31%47.34%47.40%47.40%47.51%47.20%47.20%47.62%47.62%47.62%48.98%
Promoter change (YoY, %pts)+0.03+0.06+0.00+0.11-0.31+0.00+0.42+0.00+0.00+1.36-

Board & Governance of Excel Industries Limited

As per the corporate governance filing with NSE for the quarter ended 31-DEC-2025, the board of Excel Industries Limited has 9 directors - 5 independent and 3 executive. The board is chaired by Ashwin Champraj Shroff.

DirectorPositionOn board sinceListed boards
Ashwin Champraj Shroff Executive Director · Chairperson 1975-07-15 2
Ravi Ashwin Shroff Executive Director · MD 2014-09-03 2
Hrishit Ashwin Shroff Executive Director 2019-06-27 1
Meena Amar Galliara Non-Executive - Independent Director 2019-06-27 1
Ninad Dwarkanath Gupte Non-Executive - Independent Director 2024-08-13 2
Vihang Ajit Virkar Non-Executive - Independent Director 2024-08-13 1
Shekhar Shreedhar Khanolkar Non-Executive - Independent Director 2024-08-13 2
Rajesh Rama Varma Non-Executive - Independent Director 2024-08-13 2
Dinesh Kumar Bhagat Non-Executive - Nominee Director 2023-03-24 1
Board Committees
CommitteeMembers
Audit Committee Rajesh Varma (Chairperson), Ninad Gupte, Vihang Virkar, Ravi A Shroff
Nomination and remuneration committee Ninad Gupte (Chairperson), Rajesh Varma, Shekhar Khanolkar
Stakeholders Relationship Committee Vihang Virkar (Chairperson), Meena Galliara, Hrishit A Shroff
Risk Management Committee Ravi A Shroff, Shekhar Khanolkar (Chairperson), Ninad Gupte, Pradeep Ghattu
Corporate Social Responsibility Committee Ashwin C Shroff (Chairperson), Meena Galliara, Vihang Virkar

Group Structure of Excel Industries Limited

Excel Industries Limited has 2 subsidiary companies and 2 associated companies. This group structure data is as of FY 2023. The corporate group structure reflects Excel Industries Limited's business expansion strategy and organizational complexity.

2
Subsidiary companies
2
Associated companies
Key Subsidiaries
Company Name CIN Shares Held
Excel Bio Resources Limited U01403MH2007PLC176907 -
Kamaljyot Investments Limited U65990MH1983PLC030597 -

Showing major subsidiaries. Total: 2.

Charges & Borrowings of Excel Industries Limited

Open charges
₹220 Cr
Satisfied charges
₹449.44 Cr
Breakdown by lending institutions
Bank of India₹220.00 Cr
Latest charge details
DateLenderAmountStatus
27 Jun 2016 Bank of India ₹110 Cr Open
13 Jun 2001 Bank of India ₹110 Cr Open
30 Mar 2021 Axis Bank Limited ₹85 Lakh Satisfied
05 Jul 2016 Others ₹5 Cr Satisfied
28 Jan 2014 Bank of India ₹10 Cr Satisfied

Total charge records: 17 View all charges

Employees and EPFO Compliance at Excel Industries Limited

Excel Industries Limited has a workforce of 898 employees as of Apr 09, 2024.

Employee count
898
Active EPFO establishments
7
Employee growth
-14.31%
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026

Employee Count & EPFO Data of Excel Industries Limited

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Monthly employee headcount & PF contributions
EPFO establishment details & ECR filing status
Year-wise workforce analytics & attrition trends
PF exemption, coverage & compliance verification

GST Compliance of Excel Industries Limited

XX%
Compliant
GSTR-1
GSTR-3B
GSTR-9
MH
KA
UP
TN
TS

GSTIN & GST Filing Data of Excel Industries Limited

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GSTIN registrations & state-wise presence
Filing compliance - GSTR-1, GSTR-3B, GSTR-9
HSN/SAC codes with goods & services details
Taxpayer type, jurisdiction & business constitution

Credit Ratings, Litigation & Regulatory Alerts for Excel Industries Limited

Credit rating
AAA
AA+
AA
AA-
! !
2015 2017 2019 2021 2023
Litigation
District Court 35
High Court 45
Supreme Court 0
NCLT / NCLAT 0
Pending
Disposed
Regulatory alerts
GSTIN Cancelled
Andhra Pradesh
GSTIN Cancelled
Telangana (on application)
EPFO Delay
12 months delay - Haryana
Violations via Directors
20 MCA + 19 Bank defaults

Credit Ratings, Legal Cases & Regulatory Alerts of Excel Industries Limited

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Credit rating history across CARE, ICRA, Brickwork & India Ratings
Instrument-wise ratings, outlook & action timeline
Court-wise litigation (District, High Court, Supreme Court, NCLT)
Group company & common directorship litigation
Statutory compliance alerts (GSTIN, EPFO, ROC)
Director & company violations (MCA, SEBI, Banks, BSE/NSE)

MSME Payment Delays by Excel Industries Limited

MSME Payment Delays by Excel Industries Limited

Track payments outstanding to micro and small enterprise vendors, as disclosed in half-yearly MSME-1 returns filed with the MCA.

Amounts outstanding to MSME suppliers
Delay periods & reasons for delayed payments
Half-yearly MSME-1 filing history
Vendor-payment behaviour as a counterparty risk signal

Subsidiaries & Group Companies of Excel Industries Limited

Subsidiaries & Group Companies of Excel Industries Limited

See the full corporate group - holding company, subsidiaries, associates and joint ventures of Excel Industries Limited with ownership details.

Holding & parent company details
Subsidiaries & step-down subsidiaries with % holding
Associates & joint ventures with partner details
Investments in other entities year-on-year

MCA Filings & Documents of Excel Industries Limited

MCA Filings & Documents of Excel Industries Limited

Download official documents filed with the Ministry of Corporate Affairs - from incorporation papers to the latest annual filings.

Incorporation documents, MoA & AoA
Annual returns (MGT-7) & financial statements (AOC-4)
Charge filings (CHG-1, CHG-4) & resolutions
Complete document index with filing dates

Recent Activity on Excel Industries Limited

Activity
21 Aug 2025
Excel Industries Limited last Annual general meeting of members was held on 21 Aug 2025 as per latest MCA records.
Activity
31 Mar 2025
Excel Industries Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Directors
13 Aug 2024
Shekhar Shreedhar Khanolkar was appointed as a Director on 13 Aug 2024 & has been associated with this company since 1 year 10 months.
Directors
13 Aug 2024
Ninad Dwarkanath Gupte was appointed as a Director on 13 Aug 2024 & has been associated with this company since 1 year 10 months.
Directors
13 Aug 2024
Rajesh Rama Varma was appointed as a Director on 13 Aug 2024 & has been associated with this company since 1 year 10 months.
Directors
13 Aug 2024
Vihang Ajit Virkar was appointed as a Director on 13 Aug 2024 & has been associated with this company since 1 year 10 months.

Recent News on Excel Industries Limited

Stocks that will see action today: February 7, 2025
07 Feb 2025 · Thehindubusinessline

Frequently Asked Questions about Excel Industries Limited

Excel Industries Limited is an active public limited company in the chemicals sector based in Mumbai, Maharashtra, India. It was incorporated on 05 September 1960 (66+ years old) and is registered under CIN L24200MH1960PLC011807. Listed on BSE: 500650 and NSE: EXCELINDUS. The company has 898 employees.

Excel Industries Limited reported revenue of ₹859.14 Cr for FY 2024 (down 22.00% YoY).

The current directors of Excel Industries Limited are:

The primary industry of Excel Industries Limited is chemicals. The company specifically operates in chemical products. The company is currently active in this sector.

Yes. Excel Industries Limited is listed on both BSE (code: 500650) and NSE (symbol: EXCELINDUS).

Yes, Excel Industries Limited is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).

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Financials, directors, compliance, charges and shareholding - sourced from MCA, SEBI and RBI filings.

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