Slide 1: Stock exchange filing cover letter
IS/ISO9001:2015 IS/ISO14001:2015 IS/ISO 45001:2018 Excel Industries Ltd. Certifiedby BIS. 24th May, 2026 BSE Ltd. National Stock Exchange of India Ltd. Listing Department, Listing Department, Pheeroze Jeejeebhoy Towers, Exchange Plaza, Dalal Street, Bandra-Kurla Complex, Bandra (E), Fort, Mumbai-400
Slide 2: Excel Industries Limited Investor Presentation Q4 & FY26
EXCEL INDUSTRIES LIMITED Investor Presentation | Q4 & FY26
Slide 3: Safe Harbour
Safe Harbour This presentation and the accompanying slides (the “Presentation”), which have been prepared by Excel Industries Limited (the “Company’), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any sec
Slide 4: Q4 & FY26 Financial Performance
Q4 & FY26 Financial Performance
Slide 5: Q4 & FY26 Results Highlights (Standalone)
Q4 & FY26 Results Highlights (Standalone) Q4FY26 FY26 ₹ 22 Crs ₹ 112 Crs ₹ 281 Crs ₹ 13 Crs ₹ 1,094 Crs ₹ 73 Crs Adjusted Adjusted Revenue PAT Revenue PAT EBITDA EBITDA • In Q4 FY 26, the Company achieved a revenue of ₹281 Crs (+13% YoY). The increase was mainly due to uptake in demand of agro chemi
Slide 6: Standalone performance in Q4 FY26
Standalone performance in Q4 FY26 Revenue (₹ in Crs) Adjusted EBITDA (₹ in Crs) PAT (₹ in Crs) +13% +13% +12% 281 22 13 248 20 11 Q4 FY25 Q4 FY26 Q4 FY25 Q4 FY26 Q4 FY25 Q4 FY26 Revenue Profile (₹ in Crs) Adjusted EBITDA PAT Margin (%) Margin (%) 281 8.0% 8.0% 4.6% 4.5% 248 198 237 50 44 Q4 FY25 Q4
Slide 7: Standalone performance in FY26
Standalone performance in FY26 Revenue (₹ in Crs) Adjusted EBITDA (₹ in Crs) PAT (₹ in Crs) +12% -7% -12% 121 84 1,094 112 978 73 FY25 FY26 FY25 FY26 FY25 FY26 Revenue Profile (₹ in Crs) Adjusted EBITDA PAT Margin (%) Margin (%) 1,094 12.3% 8.5% 978 10.1% 6.7% 871 801 177 223 FY25 FY26 FY25 FY26 FY2
Slide 8: Outlook
Outlook Business Outlook • We remain focused on our long-term strategy for biocides and are planning to launch new products in this range in the current year • Contract Manufacturing Projects disclosed by the Company are on track and progressing well • Currently, strong demand continues for Performa
Slide 9: Standalone Profit and loss Statement
Standalone Profit and loss Statement Particulars (Rs. Cr) Q4FY26 Q4FY25 Y-o-Y Q3FY26 Q-o-Q FY26 FY25 Y-o-Y Revenue from Operations 281.1 247.8 13.4% 233.5 20.4% 1,094.2 978.1 11.88% Cost of Goods Sold 161.0 135.8 126.0 601.9 506.1 Gross Profit 120.1 112.1 7.2% 107.5 11.7% 492.4 471.9 4.3% Gross Prof
Slide 10: Standalone Balance Sheet
Standalone Balance Sheet Particulars (Rs. Cr) Mar' 26 Mar'25 Particulars (Rs. Cr) Mar' 26 Mar'25 ASSETS Equity Non ‐ Current Assets (a) Equity share capital 6.3 6.3 Property, plant and equipment 395.7 381.8 (b) Other equity 1,215.0 1,170.9 Right of use assets 38.4 37.4 Total Equity 1,221.2 1,177.2 I
Slide 11: Consolidated Profit and loss Statement
Consolidated Profit and loss Statement Particulars (Rs. Cr) Q4FY26 Q4FY25 Y-o-Y Q3FY26 Q-o-Q FY26 FY25 Y-o-Y Revenue from Operations 281.2 247.8 13.5% 233.5 20.4% 1,094.5 978.1 11.91% Cost of Goods Sold 161.1 135.9 126.0 602.1 506.2 Gross Profit 120.1 111.9 7.3% 107.5 11.7% 492.5 471.8 4.37% Gross P
Slide 12: Consolidated Balance Sheet
Consolidated Balance Sheet Particulars (Rs. Cr) Mar' 26 Mar'25 Particulars (Rs. Cr) Mar' 26 Mar'25 Assets Equity Non ‐ Current Assets (a) Equity share capital 6.3 6.3 Property, plant and equipment 398.6 384.9 (b) Other equity 1696.7 1582.4 Right of use assets 39.4 38.4 Total Equity 1,703.0 1,588.7 I
Slide 13: Company Overview
Company Overview
Slide 14: Excel Industries – At a Glance
Excel Industries – At a Glance Established in 1941 with an objective to make India Excel Industries manufactures complex products Involved in manufacturing Agrochemical self reliant in chemicals by developing indigenous through the best-in-class technological setup intermediates and Specialty Chemic
Slide 15: Our Legacy of Leadership
Our Legacy of Leadership Pre 1970’s 1980’s 1990’s 2000’s 2010’s 2020’s 1970’s 1941 1971 1983 1991 2000 2012 2020/21 Excel industries Excel goes public, Manufacture of DETC Excel celebrates Excel develops a co- Inauguration of Environmental founded and with our first public commenced at Roha golden j
Slide 16: Diversified Product Portfolio
Diversified Product Portfolio 01 02 03 04 05 Agrochemical YP Derivatives Performance Pharma Waste intermediates Solutions Intermediates & Management API P2S5, PSCL3, PCL3, Phosphonates, Acetyl Chloride, Excel OWC, Integrated DETC, DMTC, NaTCP, PCL5 Biocides, Speciality Febuxostat, MSW, Bioculum, DMP
Slide 17: Serving Critical End-use Industries
Serving Critical End-use Industries Agrochemical Corrosion Inhibitors Polymer Aids and Pharma & Other Organic Waste Biocide Intermediates & Chelating Agents Property modifiers Veterinary Intermediates Management Organophosphorus API for Gout, Diabetics Insecticides and Soaps & Mining and veterinary
Slide 18: Manufacturing Excellence
Manufacturing Excellence ROHA • One of Excel’s first large scale facilities. • The Roha site is the main production hub of a number of key phosphorus-based products, and it handles one of the highest quantities of yellow phosphorus in India. • Wide range of chemical inputs and Veterinary APIs are ma
Slide 19: Investing in Future Growth
Investing in Future Growth Capital Expenditure Capacity Expansion Over the next three years, we will invest Rs. Received EC from regulatory bodies to increase 200–300 Crores in plant upgrades, product its production capabilities and product offerings. innovation, capacity expansion, and technology.
Slide 20: Distinctive Competitive Edge
Distinctive Competitive Edge Strong legacy and experience Diversified product portfolio Robust R&D capabilities Rooted in decades of phosphorus chemistry, Blending chemical expertise with Fueling progress through relentless R&D, we we power agrochemical and polymer environmental innovation, we deliv
Slide 21: Industry has a Huge Potential
Industry has a Huge Potential
Slide 22: Global Industry Landscape
Global Industry Landscape China-plus-one MARKET SEGEMENTATION The Global Specialty Chemical Industry was valued at $941Bn in 2025 and is projected to reach $1,430Bn by 2036, growing at a CAGR of o Agrochemicals o Specialty Polymers o Surfactants 3.9% from 2025 to 2036* o Dyes and Pigments o Textile
Slide 23: Indian industry growing at double digit
Indian industry growing at double digit The Indian chemical industry is expected to reach $383 billion by 2030 (Source: EY) Globally, India is the third-largest The Indian Specialty Chemical Industry was consumer of polymers, fourth-largest valued at $ 65Bn in 2024 and is projected to producer of ag
Slide 24: ESG & CSR
ESG & CSR
Slide 25: Excel's Three Pillars of Sustainability
Excel’s Three Pillars of Sustainability All Three Aspects – People, Profit and Planet must be balanced to ensure Sustainability People in Excel Industries are guaranteed Planet refers to the commitment by Excel a work environment where employees find Industries to implement environmentally value in
Slide 26: Corporate Social Responsibility
Corporate Social Responsibility ₹ 12+ Crs spent on CSR activities in last 5 years Endeavors towards Committed to the UN’s Engaged in CSR creating positive change Sustainability initiatives since for the environment and Development Goals. inception. the communities we serve. 25
Slide 27: Protecting the Environment
Protecting the Environment Water Security Through Community Animal Husbandry Drinking Water Facility Sand Filter Repairs of Water Wells, At- Nivi Fish Farming Pond follow-up Visit – Goat farming – Bhise Taluka Roha - Raigad At – Pale khurd Village Roha - Raigad Adivasiwadi , Roha Raigad Yashwantkhar
Slide 28: Social Upliftment
Social Upliftment Women Empowerment Millets Cakes Training, VRTI Training Hall, Nauvari Training , VRTI Hall, Roha Flower making training, VRTI Hall Roha Support to business stall, Bhat Hall, Roha Taluka, Raigad Taluka, Raigad Taluka, Raigad Roha Taluka , Raigad Education Health School Head Master T
Slide 29: Historical Financial Performance
Historical Financial Performance
Slide 30: Historical Performance
Historical Performance TOTAL REVENUE (Rs in Crs) EBITDA (Rs in Crs) PAT (Rs in Crs) (Standalone) 230 160 1,178 1,090 1,094 978 826 127 121 110 78 84 73 24 15 2022 2023 2024 2025 2026 2022 2023 2024 2025 2026 2022 2023 2024 2025 2026 REVENUE MIX (Rs in Crs) EBITDA Margin (%) PAT Margin (%) 20% 14% 87
Slide 31: Historical Performance
Historical Performance (Standalone) Return on Capital Employed Return on Equity 34% 23% 14% 14% 10% 12% 10% 8% 3% 2% 2022 2023 2024 2025 2026 2022 2023 2024 2025 2026 WORKING CAPITAL ANALYSIS# Net Debt / Equity -0.08 -0.07 -0.14 -0.19 -0.17 82 231 203 202 62 87 81 52 139 56 82 36 50 75 43 51 44 47 3
Slide 32: Consistent shareholder returns
Consistent shareholder returns • Rs 150.7 crores Returned to shareholders in the form of dividend in the last 10 years upto FY25; • 14% CAGR Growth in market cap in last 10 years upto FY26 36.1 28.3 17.3 17.3 15.7 14.1 14.1 7.5 6.9 5.0 5.7 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 *FY26 19.3
Slide 33: Annexure
Annexure
Slide 34: Executive Leadership Team
Executive Leadership Team Mr. Ashwin C. Shroff Mr. Ravi A. Shroff Executive Chairman Managing Director • He has been part of the Company since 1965 and his • He is a third generation industrialist who is qualified as a leadership continues to inspire the entire group to march Chemical Engineer with
Slide 35: Eminent Board
Eminent Board Mr. Ninad D. Gupte Mr. Vihang Virkar Mr. Rajesh Varma Mr. Ninad D. Gupte is a Bachelor of Science from Bombay Mr. Vihang Virkar holds a degree in Bachelor of Legal Mr. Rajesh Varma holds a Bachelor of Commerce (B. Com) University, PGDBM from XLRI-Jamshedpur and has Studies (BLS) and a
Slide 36: Awards & Accolades (1/4)
Awards & Accolades (1/4) Jamnalal Bajaj fair business ENCON, Govt of India Award PC Ray award for Indigenous for Energy Efficiency Technology Practices Award 1992 2004 1965 ICC Lifetime Achievement JSW Earth Care Award to ICC Product Stewardship Award to Mr. Ashwin Shroff Excel’s NGO ,VRTI for CSR A
Slide 37: Awards & Accolades (2/4)
Awards & Accolades (2/4) Shrestha Suraksha Puraskar in Chemical Manufacturing Sector for the year 2021 from Certificate for Longest Accident Free period & National Safety Council of India Lowest Frequency Rate Certificate of Appreciation from National Safety Council of India Award of Excellence in S
Slide 38: Awards & Accolades (3/4)
Awards & Accolades (3/4) FICCI Chemicals and Petrochemicals Awards 2022 : ICC Certificate of Merit. PMFAI-SML Annual Agchem Awards 2025: 2025: “Best Green Process” Award in Chemical Category : Management of Health and Company of the Year, Ancillary & Social Responsibility. Sector (Non-MSME). Safety
Slide 39: Awards & Accolades (4/4)
Awards & Accolades (4/4) ICC – Alkyl Amines, Prof. M.M. Sharma Award for Excellence in Process Design & Engineering. Excel has been honoured with, one of the most prestigious recognitions in the chemical industry : Prof. M.M. Sharma Award for Excellence in Process Design & Engineering. This award is
Slide 40: Thank You
Company : CIN: L24200MH1960PLC011807 Mr. Devendra Dosi, CFO Chief Financial Officer Email: devendra.dosi@excelind.com www.excelind.co.in www.excelind.co.in Investor Relations Advisors : MUFG Intime India Private Limited A part of MUFG Corporate Markets, a division of MUFG Pension & Market Services M