Excel Industries Limited · NSE:EXCELINDUS
Excel Industries — Q2 & H1 FY26 Earnings Presentation
40 slides from Excel Industries's earnings presentation, Nov 13, 2025
Slide 1: Exchange filing cover letter for Investor Presentation
IS/ISO9001:2015 IS/ISO14001:2015 IS/ISO 45001:2018 Excel Industries Ltd. Certifiedby BIS. 13th November, 2025 Certifiedby BIS. BSE Ltd. National Stock Exchange of India Ltd. Listing Department, Listing Department, Pheeroze Jeejeebhoy Towers, Exchange Plaza, Dalal Street, Fort, Bandra-Kurla Complex,
Slide 2: Excel Industries Limited Investor Presentation Q2 & H1 FY26
EXCEL INDUSTRIES LIMITED Investor Presentation | Q2 & H1 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: Q2 & H1 FY26 Financial Performance
Q2 & H1 FY26 Financial Performance
Slide 5: Q2 & H1 FY26 Results Highlights (Standalone)
Q2 & H1 FY26 Results Highlights (Standalone) Q2FY26 H1FY26 ₹ 270 Crs ₹ 30 Crs ₹ 19 Crs ₹ 580 Crs ₹ 72 Crs ₹ 52 Crs Revenue EBITDA PAT Revenue EBITDA PAT • The Company recorded a revenue of ₹270 Crs and ₹580 Crs in Q2 FY 26 and in H1 FY26 respectively • Revenue was impacted by prolonged monsoon affec
Slide 6: New Contract Manufacturing Engagement
New Contract Manufacturing Engagement Agreement Type Contract Term Product Type Revenue Potential Contract Manufacturing 5 years Specialty Chemical Rs. 35-40 Cr p.a. Commenting on this development, Mr. Ravi Ashwin Shroff – Managing Director said, “We are pleased to announce a long-term supply arrang
Slide 7: Standalone Performance in Q2 FY26 (Q-o-Q)
Standalone Performance in Q2 FY26 (Q-o-Q) Revenue (₹ in Crs) EBITDA (₹ in Crs) PAT (₹ in Crs) 42 309 270 34 30 19 Q1FY26 Q2FY26 Q1 FY26 Q2 FY26 Q1 FY26 Q2 FY26 Revenue Profile (₹ in Crs) EBITDA Margin (%) PAT Margin (%) 309 13.7% 10.8% 270 11.1% 6.9% 240 222 69 48 Q1 FY26 Q2 FY26 Q1 FY26 Q2 FY26 Q1
Slide 8: Standalone Performance in H1 FY26
Standalone Performance in H1 FY26 Revenue (₹ in Crs) EBITDA (₹ in Crs) PAT (₹ in Crs) 88 580 534 72 66 52 H1 FY25 H1 FY26 H1 FY25 H1 FY26 H1 FY25 H1 FY26 Revenue Profile (₹ in Crs) EBITDA Margin (%) PAT Margin (%) 580 16.6% 12.3% 534 12.5% 9.0% 462 449 85 118 H1 FY25 H1 FY26 H1 FY25 H1 FY26 H1 FY25
Slide 9: Standalone Profit and loss Statement
Standalone Profit and loss Statement Particulars (Rs. Cr) Q2FY26 Q1FY26 Q-o-Q Q2FY25 Y-o-Y H1 FY26 H1 FY25 Y-o-Y Revenue from Operations 270.2 309.5 -12.7% 268.9 0.5% 579.7 533.8 8.59% Cost of Goods Sold 146.4 168.5 129.9 314.9 267.8 Gross Profit 123.8 141.0 -12.2% 139.1 -11.0% 264.8 266.0 -0.5% Gro
Slide 10: Consolidated Profit and loss Statement
Consolidated Profit and loss Statement Particulars (Rs. Cr) Q2FY26 Q1FY26 Q-o-Q Q2FY25 Y-o-Y H1 FY26 H1 FY25 Y-o-Y Revenue from Operations 270.2 309.5 -12.7% 268.9 0.5% 579.7 533.8 8.60% Cost of Goods Sold 146.4 168.5 129.8 314.9 267.8 Gross Profit 123.8 141.0 -12.2% 139.1 -11.0% 264.8 266.1 -0.46%
Slide 11: Standalone Balance Sheet
Standalone Balance Sheet Particulars (Rs. Cr) Sep' 25 Mar'25 Particulars (Rs. Cr) Sep' 25 Mar'25 ASSETS Equity Non ‐ Current Assets (a) Equity share capital 6.3 6.3 Property, plant and equipment 373.6 381.8 (b) Other equity 1,231.3 1,170.9 Right of use assets 39.4 37.4 Total Equity 1,237.6 1,177.2 I
Slide 12: Consolidated Balance Sheet
Consolidated Balance Sheet Particulars (Rs. Cr) Sep' 25 Mar'25 Particulars (Rs. Cr) Sep' 25 Mar'25 Assets Equity Non ‐ Current Assets (a) Equity share capital 6.3 6.3 Property, plant and equipment 376.8 384.9 (b) Other equity 1,801.6 1,582.4 Right of use assets 40.4 38.4 Total Equity 1,807.9 1,588.7
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 $910Bn in 2021 and is projected to reach $1240Bn by 2026, growing at a CAGR of o Agrochemicals o Specialty Polymers o Surfactants 6.4% from 2021 to 2026* o Dyes and Pigments o Textile c
Slide 23: Indian industry growing at double digit
Indian industry growing at double digit India is expected to remain a driving force in The Indian chemical industry is expected to reach $383 Asia for chemical demand in 2024 given its billion by 2030 (Source: EY) strong economic growth and resilient The Indian Specialty Chemical Industry was indust
Slide 24: ESG & CSR
IN 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 1,090 978 826 127 749 121 121 84 78 70 24 15 2021 2022 2023 2024 2025 2021 2022 2023 2024 2025 2021 2022 2023 2024 2025 REVENUE MIX (Rs in Crs) EBITDA Margin (%) PAT Margin (%) 20% 14% 16%
Slide 31: Historical Performance
Historical Performance (Standalone) Return on Capital Employed Return on Equity 34% 23% 19% 14% 14% 13% 10% 10% 3% 2% 2021 2022 2023 2024 2025 2021 2022 2023 2024 2025 WORKING CAPITAL ANALYSIS# Net Debt / Equity -0.01 -0.08 -0.07 -0.14 -0.19 82 223 203 84 62 81* 52 139 56 82 60 36 51 75 60 34 51 44
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; • 14% CAGR Growth in market cap in last 10 years 36.1 28.3 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 19.3% 28.3% 10.2% 10.3% 37.6% 19.9%
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.Dipesh Mr. Ninad D. K. Gupte Shroff Mr. Mr.Vihang Virkar Atul G. Shroff Mr. Mr. Rajesh Harish Varma N. Motiwalla 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) Unive
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) 2022 : ICC Certificate of Merit. Category : "Make in India Partnering Award” was presented to Received Bronze medal for sustainability Management of Health and Safety 2021 Excel during Rallis' Annual vendor meet from Ecovadis FICCI Chemicals and Mr. Pradeep Ghattu, President
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 Investor Relations Advisors : MUFG Intime India Private Limited A part of MUFG Corporate Markets, a division of MUFG Pension & Market Services Ms. Pooja Swami: +91
Excel Industries — Q2 & H1 FY26 Earnings Presentation on 6ix