Excel Industries Limited
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 phar… Read more
Excel Industries Limited (EXCELINDUS) - Net Assets
Latest net assets as of September 2025: ₹18.08 Billion INR
Based on the latest financial reports, Excel Industries Limited (EXCELINDUS) has net assets worth ₹18.08 Billion INR as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₹22.53 Billion) and total liabilities (₹4.45 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₹18.08 Billion |
| % of Total Assets | 80.25% |
| Annual Growth Rate | 14.83% |
| 5-Year Change | 86.57% |
| 10-Year Change | 654.37% |
| Growth Volatility | 20.95 |
Excel Industries Limited - Net Assets Trend (2005–2025)
This chart illustrates how Excel Industries Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Excel Industries Limited (2005–2025)
The table below shows the annual net assets of Excel Industries Limited from 2005 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | ₹15.89 Billion | +11.33% |
| 2024-03-31 | ₹14.27 Billion | +14.92% |
| 2023-03-31 | ₹12.42 Billion | +8.04% |
| 2022-03-31 | ₹11.49 Billion | +34.97% |
| 2021-03-31 | ₹8.52 Billion | +21.49% |
| 2020-03-31 | ₹7.01 Billion | +0.19% |
| 2019-03-31 | ₹7.00 Billion | +31.38% |
| 2018-03-31 | ₹5.32 Billion | +29.90% |
| 2017-03-31 | ₹4.10 Billion | +94.64% |
| 2016-03-31 | ₹2.11 Billion | +13.11% |
| 2015-03-31 | ₹1.86 Billion | +22.36% |
| 2014-03-31 | ₹1.52 Billion | +12.29% |
| 2013-03-31 | ₹1.36 Billion | +8.91% |
| 2012-03-31 | ₹1.24 Billion | +11.49% |
| 2011-03-31 | ₹1.12 Billion | +9.02% |
| 2010-03-31 | ₹1.02 Billion | +5.18% |
| 2009-03-31 | ₹973.25 Million | -0.45% |
| 2008-03-31 | ₹977.63 Million | +1.50% |
| 2007-03-31 | ₹963.20 Million | -5.39% |
| 2006-03-31 | ₹1.02 Billion | +1.75% |
| 2005-03-31 | ₹1.00 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Excel Industries Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 358773600000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₹3.59 Billion | 22.58% |
| Common Stock | ₹62.85 Million | 0.40% |
| Other Comprehensive Income | ₹12.18 Billion | 76.69% |
| Other Components | ₹53.44 Million | 0.34% |
| Total Equity | ₹15.89 Billion | 100.00% |
Excel Industries Limited Competitors by Market Cap
The table below lists competitors of Excel Industries Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Gold Rain Enterprises
TWO:4503
|
$51.90 Million |
|
Migdal Insurance
TA:MGDL
|
$51.90 Million |
|
Kamux Suomi Oy
HE:KAMUX
|
$51.91 Million |
|
Korea Cable T.V Chung-Buk System Co. Ltd.
KQ:066790
|
$51.91 Million |
|
Kien Giang Construction Investment Consultancy Group
VN:CKG
|
$51.89 Million |
|
FDC International Hotels Corp
TW:2748
|
$51.88 Million |
|
BioLargo Inc
OTCQX:BLGO
|
$51.87 Million |
|
Shotspotter Inc
NASDAQ:SSTI
|
$51.85 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Excel Industries Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 14,270,581,000 to 15,887,170,000, a change of 1,616,589,000 (11.3%).
- Net income of 853,134,000 contributed positively to equity growth.
- Dividend payments of 69,139,000 reduced retained earnings.
- Other comprehensive income increased equity by 858,001,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₹853.13 Million | +5.37% |
| Dividends Paid | ₹69.14 Million | -0.44% |
| Other Comprehensive Income | ₹858.00 Million | +5.4% |
| Other Changes | ₹-25.41 Million | -0.16% |
| Total Change | ₹- | 11.33% |
Book Value vs Market Value Analysis
This analysis compares Excel Industries Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.68x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 9.32x to 0.68x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2005-03-31 | ₹91.75 | ₹855.15 | x |
| 2006-03-31 | ₹93.35 | ₹855.15 | x |
| 2007-03-31 | ₹88.32 | ₹855.15 | x |
| 2008-03-31 | ₹89.64 | ₹855.15 | x |
| 2009-03-31 | ₹89.24 | ₹855.15 | x |
| 2010-03-31 | ₹93.87 | ₹855.15 | x |
| 2011-03-31 | ₹102.33 | ₹855.15 | x |
| 2012-03-31 | ₹114.09 | ₹855.15 | x |
| 2013-03-31 | ₹124.26 | ₹855.15 | x |
| 2014-03-31 | ₹139.26 | ₹855.15 | x |
| 2015-03-31 | ₹155.20 | ₹855.15 | x |
| 2016-03-31 | ₹167.62 | ₹855.15 | x |
| 2017-03-31 | ₹324.90 | ₹855.15 | x |
| 2018-03-31 | ₹423.58 | ₹855.15 | x |
| 2019-03-31 | ₹556.50 | ₹855.15 | x |
| 2020-03-31 | ₹557.56 | ₹855.15 | x |
| 2021-03-31 | ₹677.40 | ₹855.15 | x |
| 2022-03-31 | ₹914.31 | ₹855.15 | x |
| 2023-03-31 | ₹987.81 | ₹855.15 | x |
| 2024-03-31 | ₹1135.23 | ₹855.15 | x |
| 2025-03-31 | ₹1262.86 | ₹855.15 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Excel Industries Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 5.37%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 8.72%
- • Asset Turnover: 0.51x
- • Equity Multiplier: 1.21x
- Recent ROE (5.37%) is below the historical average (8.79%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2005 | 0.38% | 0.18% | 0.78x | 2.75x | ₹-96.27 Million |
| 2006 | 0.97% | 0.52% | 0.72x | 2.61x | ₹-91.88 Million |
| 2007 | -0.51% | -0.27% | 0.80x | 2.39x | ₹-101.26 Million |
| 2008 | 4.10% | 1.86% | 0.89x | 2.48x | ₹-57.67 Million |
| 2009 | 0.12% | 0.05% | 0.99x | 2.40x | ₹-96.19 Million |
| 2010 | 7.50% | 3.46% | 0.96x | 2.25x | ₹-25.55 Million |
| 2011 | 12.53% | 5.50% | 1.07x | 2.14x | ₹28.24 Million |
| 2012 | 12.35% | 4.87% | 1.10x | 2.30x | ₹29.24 Million |
| 2013 | 11.02% | 3.89% | 1.27x | 2.24x | ₹13.78 Million |
| 2014 | 11.82% | 4.33% | 1.18x | 2.31x | ₹27.73 Million |
| 2015 | 22.12% | 8.55% | 1.24x | 2.08x | ₹225.61 Million |
| 2016 | 12.37% | 5.81% | 1.06x | 2.00x | ₹49.84 Million |
| 2017 | 4.89% | 4.35% | 0.74x | 1.51x | ₹-209.61 Million |
| 2018 | 13.88% | 12.38% | 0.82x | 1.37x | ₹206.46 Million |
| 2019 | 21.94% | 18.75% | 0.89x | 1.31x | ₹834.98 Million |
| 2020 | 13.71% | 13.73% | 0.75x | 1.34x | ₹259.84 Million |
| 2021 | 8.35% | 9.55% | 0.67x | 1.30x | ₹-140.68 Million |
| 2022 | 14.03% | 13.75% | 0.79x | 1.29x | ₹462.68 Million |
| 2023 | 6.44% | 7.38% | 0.73x | 1.20x | ₹-442.39 Million |
| 2024 | 1.19% | 2.06% | 0.46x | 1.26x | ₹-1.26 Billion |
| 2025 | 5.37% | 8.72% | 0.51x | 1.21x | ₹-735.58 Million |
Industry Comparison
This section compares Excel Industries Limited's net assets metrics with peer companies in the Specialty Chemicals industry.
Industry Context
- Industry: Specialty Chemicals
- Average net assets among peers: $2,571,777,102
- Average return on equity (ROE) among peers: 15.48%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Excel Industries Limited (EXCELINDUS) | ₹18.08 Billion | 0.38% | 0.25x | $51.90 Million |
| Aarti Industries Limited (AARTIIND) | $8.75 Billion | 18.56% | 2.05x | $1.01 Billion |
| Aarti Surfactants Limited (AARTISURF) | $2.18 Billion | 9.78% | 0.94x | $15.14 Million |
| ABM International Limited (ABMINTLLTD) | $214.51 Million | 3.09% | 0.89x | $294.24K |
| ACUTAAS CHEMICALS LTD (ACUTAAS) | $5.94 Billion | 14.02% | 0.29x | $247.08K |
| Advanced Enzyme Technologies Limited (ADVENZYMES) | $984.09 Million | 34.30% | 2.55x | $95.16 Million |
| Agarwal Industrial Corporation Limited (AGARIND) | $739.40 Million | 9.29% | 0.98x | $26.89 Million |
| Alkali Metals Limited (ALKALI) | $513.80 Million | 2.54% | 0.73x | $1.88 Million |
| Alkyl Amines Chemicals Limited (ALKYLAMINE) | $3.79 Billion | 22.71% | 1.01x | $204.91 Million |
| Ami Organics Limited (AMIORG) | $107.73 Million | 26.58% | 2.59x | $704.27 Million |
| Anupam Rasayan India Limited (ANURAS) | $2.50 Billion | 13.94% | 1.53x | $318.75 Million |