Excel Industries (NSE:EXCELINDUS) EBIT: ₹1,003 Mil (TTM As of Mar. 2026)


NSE:EXCELINDUS Excel Industries Ltd NSE:EXCELINDUS
74 GF Score
Price ₹903.30
GF Value ₹1,166.23
Valuation Modestly Undervalued
! 5 Warning Signs
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What is Excel Industries EBIT?

Excel Industries NSE:EXCELINDUS -0.35% 74 EBIT is ₹1,003 Mil as of Mar. 2026. GuruFocus rates NSE:EXCELINDUS with a GF Score™ of 74/100 and a GF Value™ of ₹1,166.23 (Modestly Undervalued). The stock has 5 warning signs investors should review.

Excel Industries's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was ₹149 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was ₹1,003 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Excel Industries's annualized ROC % for the quarter that ended in Mar. 2026 was 2.30%. Excel Industries's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 8.95%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Excel Industries's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 10.03%.


Excel Industries  (NSE:EXCELINDUS) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Excel Industries's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=493.552 * ( 1 - 16.21% )/( (0 + 18017.78)/ 1 )
=413.5472208/18017.78
=2.30 %

where

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=21053.204 - 1531.389 - ( 1504.035 - max(0, 2255.13 - 5621.365+1504.035))
=18017.78

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

Excel Industries's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=596.28/( ( (0 + max(0, 0)) + (4757.652 + max(1901.828, 0)) )/ 1 )
=596.28/( ( 0 + 6659.48 )/ 1 )
=596.28/6659.48
=8.95 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0) - (0 + 0 + 0)
=0

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(2610.31 + 1294.307 + 210.271) - (1531.389 + 0 + 681.671)
=1901.828

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Excel Industries's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=1002.692/9997.139
=10.03 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Excel Industries EBIT Related Terms


Excel Industries EBIT Historical Data

* Premium members only.

The historical data trend for Excel Industries's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Excel Industries EBIT Chart

Excel Industries Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2,149.54 1,074.36 239.14 1,153.10 1,002.69

Excel Industries Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 165.50 454.71 282.25 116.67 149.07

NSE:EXCELINDUS vs LIN, SHW, ECL: EBIT Comparison

For the Specialty Chemicals subindustry, Excel Industries's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Excel Industries EV-to-EBIT vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Excel Industries's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Excel Industries's EV-to-EBIT falls into.


NSE:EXCELINDUS
74GF Score
Excel Industries Ltd NSE:EXCELINDUS
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Excel Industries EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹1,003 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of ₹1,003 Mil mean?
Excel Industries (NSE:EXCELINDUS) has a EBIT of ₹1,003 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Excel Industries.
Is Excel Industries' EBIT too high?
Excel Industries' current EBIT is ₹1,003 Mil. Overall, Excel Industries has a GF Score™ of 74/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Excel Industries' EBIT compare to LIN and SHW?
Excel Industries' EBIT of ₹1,003 Mil can be compared against companies in the Chemicals industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBIT for a Chemicals company?
A good EBIT depends on the Chemicals industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Excel Industries. Excel Industries's current EBIT is ₹1,003 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Excel Industries stock overvalued right now?
Based on GuruFocus' analysis, Excel Industries (NSE:EXCELINDUS) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹1,166.23, compared to a current price of ₹903.30 — trading 22.5% below its estimated fair value. The current EBIT is ₹1,003 Mil. Excel Industries' overall GF Score™ is 74/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For Excel Industries (NSE:EXCELINDUS), the current EBIT is ₹1,003 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Excel Industries (NSE:EXCELINDUS) Overvalued in 2026?

Based on GuruFocus' analysis, Excel Industries stock appears to be undervalued. The current stock price of ₹903.30 is trading 22.5% below its estimated GF Value™ of ₹1,166.23. GuruFocus considers Excel Industries to be Modestly Undervalued.

Key valuation signals for NSE:EXCELINDUS:

  • EBIT: ₹1,003 Mil
  • GF Value™: ₹1,166.23 vs. price of ₹903.30 (22.5% below fair value)
  • GF Score™: 74/100 with 5 warning signs

No single metric tells the full story. See the NSE:EXCELINDUS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Excel Industries Business Description

Other Exchanges 500650:India
Address 184-87, Swami Vivekanand Road, Jogeshwari (West), Mumbai, MH, IND, 400 102
Excel Industries Ltd is a chemical manufacturer based in India. The company is organized into two business segments namely; Chemicals segment which comprises of manufacture of speciality chemicals, intermediates and actives catering to various end user segments like Agrochemicals, Water Treatment, Soaps & Detergents, Lube Oil Additives, Mining Chemicals, Polymer Additives and Pharmaceuticals; and Environment and Biotech segment which comprises of Organic waste management composting, Municipal solid waste management, Plastic waste management and Construction and demolition waste management. The majority of its revenues come from Chemicals segment. It generates maximum revenue from within India.
74GF Score

Get the complete analysis for NSE:EXCELINDUS

EBIT is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹903.30
Price
₹1,166.23
GF Value