The shares of this chemical stock engaged in manufacturing and selling of Chemicals, Environmental products, and Pharma intermediates surged 7 percent intraday after the company reported a 1900 percent year-on-year increase in net profits and revenue growth in its recently released quarterly results.
Share Price Movement
The share price of Excel Industries Ltd opened at Rs. 1,600 and touched a high of Rs.1,697.80 per share on Wednesday’s intraday trade, rising 10 percent from its previous close of Rs.1,543.55 per share. However, the shares have adjusted since then and are now trading at Rs.1,670 each.
What Happened
The stock movement was due to a result of earnings for which the company released an update. The company posted a significant increase in net profits and a jump in revenue in Q2FY25.
According to its recent filing, In Q2FY25, Excel Industries Ltd reported a 35.85 percent increase in revenue to Rs.269 crore in Q2FY25, compared to Rs.198 crore in Q2FY24. Furthermore, quarterly, the company saw an increase of 1.50 percent in revenue from Rs.265 crore in Q1FY25.
In the same period, the company reported a significant increase in net profit of 1,900 percent to Rs.35.68 crore in Q2FY25, up from Rs.1.78 crore in Q2FY24, and from the quarter on quarter basis there was a 15 percent increase from Rs.31.02 crore in Q1FY25.
In terms of return ratios, return on capital employed (ROCE) is currently at 1.55 percent, while return on equity (ROE) is at 1 percent. The company has a current ratio of 2.66 and a debt-to-equity ratio of 0.
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Revenue Mix
The company earns 99 percent from chemicals and the remaining 0.85 percent from environment and Biotech in Q2FY25. Most of their profits are contributed by the chemical segment and the environmental segment is making losses.
Shareholding Pattern
As of September 2024, the shareholding pattern includes promoters holding a major share of 52.56 percent stake in Excel Industries, Foreign Institutional Investors (FII) holding around 1.56 percent, Domestic Institutional investors (DII) standing at 25.10 percent, Government stake at 0.01 percent and public holdings standing at 6.44 percent.
About the company
Excel Industries Limited, established in 1941, is an Indian chemical manufacturer specializing in agrochemicals, specialty chemicals, and environmental solutions. The company focuses on sustainable waste management and innovative chemical processes, contributing to India’s chemical technology landscape.
Their business model includes manufacturing veterinary APIs and pharmaceutical intermediates, alongside its leadership in agrochemical intermediates. Excel also focuses on environmental responsibility through its waste management initiatives, providing solutions for both municipal and industrial waste treatment.
Written by – Santhosh S
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