Excel Industries share price today

Excel Industries Ltd's share price was ₹875.40 at the close on 4 November 2026. It has been falling for 2 weeks. That is 9.6% below its average price over the last 200 trading days. In the last 52 weeks it traded between ₹837 and ₹1,094, and at that close it sat 15% of the way up from that low.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today Excel Industries Ltd is in stage 4. The phase helps read everything below.

Over the past 13 weeks it has done worse than the NIFTY 500, and it has been behind for 3 weeks running.

Over the last 11 years the share price moved +292% while the NIFTY 500 moved +243%, so it is ahead of the index over that whole period. It was last ahead over 13 weeks in the week of 16 October 2026. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

Two changes stood out: revenue fell in the June 2026 quarter and foreign funds (FIIs) cut their stake for 3 quarters in a row.

1. Revenue fell in the June 2026 quarter

   Revenue was ₹294 crore, -5.2% on a year earlier (₹310 crore), after 9 quarters of growth.

2. Foreign funds (FIIs) cut their stake for 3 quarters in a row

   From 2% to 1.7% of the company by the September 2026 quarter.

For April to June 2026 (the quarter ended 30 June 2026), Excel Industries reported revenue of ₹294 crore, down 5.2% from ₹310 crore a year earlier, and a profit of ₹29.0 crore, down 14.7% from ₹34.0 crore.

Excel Industries results: April to June 2026 against a year earlier

The next results, for July to September 2026, are due by 14 November 2026: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

The newest call in our records is from 25 May 2026, about January to March 2026; a call about these results is not in our records yet.

From the company's reported quarterly results (quarter ended 30 June 2026). Revenue and profit in ₹ crore.

Excel Industries closed at ₹875.40 on 4 November 2026, down 20.0% from ₹1,093.90 a year earlier (7 November 2025) and down 9.7% over five years. Its highest weekly close since April 2016 was ₹1,813.65 on 14 September 2018.

Excel Industries share price: then and now

Weekly closing prices. Each change is the move from that price to the 4 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

557 weekly closes from 1 April 2016 to 4 November 2026.

4 Nov 2026: Excel Industries closed at ₹875.40, up 3.5% on the week and down 5.0% on the month. 17 Sep 2026: ex-date for a dividend of ₹13.75 a share.

Earlier

• Results for April to June 2026: Revenue down 5.2% and profit down 14.7% on a year earlier.
• 25 May 2026: Excel Industries held its results call for January to March 2026. Management guided: Contract manufacturing dedicated production line expected operational by July 2026.

Excel Industries paid ₹13.75 a share in regular dividends in the 12 months to 5 November 2026 (1 payment), a yield of 1.57% at the ₹875.40 close on 4 November 2026. The last was a dividend of ₹13.75 a share, ex-date 17 September 2026.

Excel Industries dividends since 1 April 2021

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date.

Yes. Excel Industries Ltd paid out 23% of its profit as dividends in FY26, and it paid a dividend in each of its last 13 reported years.

From the NSE corporate-actions record, read 5 November 2026.

On the call for January to March 2026, held on 25 May 2026, Excel Industries' management guided: Contract manufacturing dedicated production line expected operational by July 2026.

“The commissioning of our dedicated line to cater to the contract manufacturing agreement is on track and expected to be completed by July 2026”Ravi Shroff, on the call for January to March 2026

What management guided

• Additional biocide product launch planned for H2 FY27; biocide characterization as fastest-growth product within performance solutions unconfirmed with no specific volume or margin guidance.
• Capital spending ₹200-300 crore over 2-3 years with fixed asset turnover goal 1-1.5x and ROI goal 15-20%.
• Near-term forward guidance withdrawn due to El Niño monsoon uncertainty and geopolitical raw material disruptions.
• Anti-dumping investigations on HCDP and ATNP: preliminary findings expected September 2026 per normal investigation course.

Management’s own plans and goals, from our notes of the call. A plan is not a result.

Source: the call transcript.

From the call for January to March 2026, 25 May 2026. The April to June 2026 results are out since, so this part may be out of date until we update it.

When Excel Industries reports July to September 2026, these are the 4 checks that show whether the story is still on course. First: Contract manufacturing dedicated production line expected operational July 2026 per roadmap; key catalyst to confirm as revenue starting point from multinational customer agreement.

Excel Industries is on one of our India lists: Dividend stocks.

Excel Industries Ltd earned ₹29.0 Cr of net profit in the Jun 2026 quarter, −14.7% on the same quarter a year earlier. Full-year FY26 profit was ₹76.0 Cr. Over 10 years profit has grown 11.3% a year on average. That is 9.9% of the quarter's revenue. The same quarter a year earlier earned ₹34.0 Cr.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

For the full year, FY26 profit was ₹76.0 Cr (−10.6% on the year before).

Why profit moved: revenue changed −5.2% on a year earlier and the margin moved +0.0 percentage points. Sales did the work, and the margin was about flat.

On average over the last four quarters, profit changed −5.8% and revenue +7.0%. Profit is growing slower than sales: rising costs are taking part of the growth.

Excel Industries Ltd reported ₹294 Cr of revenue in the Jun 2026 quarter, −5.2% on the same quarter a year earlier. Over 10 years it has grown 9.3% a year on average. The last full year, FY26, came in at ₹1,095 Cr. The last four reported quarters add to ₹1,079 Cr.

Revenue is everything the company billed its customers in the period.

FY26 revenue was ₹1,095 Cr, +12.0% on the year before.

Recent pace: the last four quarters grew +7.0% on average, against 9.3% a year over the longer run, so this year is growing slower than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew +5.5%, against +10.9% a year over the last 8 quarters (rolling over); profit over the last 12 months grew −20.5%, against +27.6% a year (rolling over).

Excel Industries Ltd's operating margin was 14.0% in the Jun 2026 quarter, about the same as the same quarter a year ago. Across 13 years it has been between 3.0% and 30.0%. The latest quarter is within that range.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

In the latest quarter it moved +0.0 percentage points on the same quarter a year ago.

Why the margin moved: operating margin changed +0.8 percentage points on the year while gross margin changed +4.5 points. So the gain came mostly from the gross margin, which means input costs and prices charged.

Over the last 3 years, 105% of Excel Industries Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹53.0 Cr of operating cash against ₹76.0 Cr of profit.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

After ₹79.0 Cr of spending on assets, free cash was −₹26.0 Cr: it spent more than its operations brought in.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why 105% of profit came in as cash: the cash cycle got 45 days longer between FY21 and FY26, so more of each rupee of profit waits in the business before it arrives.

What to look at next: the bigger use of cash is spending on new assets, at 1.7× depreciation over three years. The next section checks what that spending is building.

Excel Industries Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 74 days in FY26, up from 29 days in FY21. It spent ₹169 Cr on assets over the last 3 years. Customers take 87 days to pay, and stock sits for 81 days on average.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

At FY26 sales of ₹1,095 Cr, each day of that cycle ties up about ₹3.0 Cr, so roughly ₹222 Cr is tied up in the business at any time.

FY26: customers took 87 days to pay and stock sat for 81 days, about 2.7 months of sales sitting as stock, for a full cycle of 74 days, longer than FY21's 29.

The full loop: cash goes out to suppliers and production on day 0. Stock sits for 81 days. Customers pay about 87 days after that. Suppliers are paid at 94 days. Together that makes the 74-day cycle.

Spending on assets: ₹169 Cr over the last 3 years, against ₹102 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹38.0 Cr (FY26): assets paid for that are not earning yet.

In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns.

Excel Industries Ltd's P/E is 15.4×, in the middle of its own history: higher than 39% of past readings. Its usual P/E (the middle reading) is 16.6×, over 11 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.