Excel IndustriesNSE:EXCELINDUS -2.30%74 Gross Margin % is 42.71% as of Mar. 2026, which is 11% below its 10-year median of 48.19. GuruFocus rates NSE:EXCELINDUS with a GF Score™ of 74/100 and a GF Value™ of ₹1,167.41 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 1,556 Chemicals companies, Excel Industries ranks better than 87.15% on this metric.
Excel Industries Ltd gross margin has been in long-term decline. The average rate of decline per year is -1.8%.
The historical rank and industry rank for Excel Industries's Gross Margin % or its related term are showing as below:
NSE:EXCELINDUS'
s Gross Margin % Range Over the Past 10 Years
Min: 38.59 Med: 48.19 Max: 56.92
Current: 44.99
During the past 13 years, the highestGross Margin % of Excel Industries was 56.92%. The lowest was 38.59%. And the median was 48.19%.
NSE:EXCELINDUS's Gross Margin % is ranked better than 87.15% of 1556
companies
in the Chemicals industry
Industry Median: 23.465
vs NSE:EXCELINDUS: 44.99
Excel Industries had a gross margin of 42.71% for the quarter that ended in Mar. 2026 => Durable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Excel Industries was -1.80% per year.
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
Excel Industries had a gross margin of 42.71% for the quarter that ended in Mar. 2026 => Durable competitive advantage
Be Aware
If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.
Excel Industries Gross Margin % Related Terms
Excel Industries Gross Margin % Historical Data
* Premium members only.
The historical data trend for Excel Industries's Gross Margin % 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.
NSE:EXCELINDUS vs LIN, SHW, ECL: Gross Margin % Comparison
For the Specialty Chemicals subindustry, Excel Industries's Gross Margin %, along with its competitors' market caps and Gross Margin % 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 Gross Margin % vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Excel Industries's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Excel Industries's Gross Margin % falls into.
* 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.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
Excel Industries (NSE:EXCELINDUS) has a Gross Margin % of 42.71% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Excel Industries and its competitors. This is 11% below median its historical median of 48.19. Over the past decade, Excel Industries' Gross Margin % has ranged from 38.59 to 56.92. According to the industry distribution chart, Excel Industries ranks #200 out of 1556 companies in the Chemicals industry, placing it in the top 12.9%.
Is Excel Industries' Gross Margin % too high?
Excel Industries' current Gross Margin % of 42.71% is 11% below median its 10-year median of 48.19. Over the past 10 years, this metric has ranged from a low of 38.59 to a high of 56.92. The Chemicals industry median Gross Margin % is 23.47. Excel Industries' value of 42.71% is 82% above this industry median. Based on the distribution chart, Excel Industries ranks #200 out of 1556 companies in the Chemicals industry, which is in the top quartile — a strong position relative to peers. 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' Gross Margin % compare to LIN and SHW?
According to the Chemicals industry distribution chart, Excel Industries ranks #200 out of 1556 companies for Gross Margin %. This places Excel Industries in the top 13% of its industry — outperforming the majority of peers. The industry median Gross Margin % is 23.47. Excel Industries' value of 42.71% is 82% above this benchmark. Historically, Excel Industries' own Gross Margin % has ranged from 38.59 to 56.92 over the past decade. While the company's 10-year median is 48.19 vs. the industry median of 23.47, Excel Industries has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Gross Margin % for a Chemicals company?
The median Gross Margin % among Chemicals companies is 23.47, based on 1,556 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Excel Industries's current Gross Margin % of 42.71% is 82% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on Excel Industries and its competitors. For the Chemicals industry, the median Gross Margin % is 23.47 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Excel Industries's current Gross Margin % is 42.71%, which is 11% below median its own 10-year median of 48.19. 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 ₹1,167.41, compared to a current price of ₹890.45 — trading 23.7% below its estimated fair value. The current Gross Margin % is 42.71%, which is 11% below median its 10-year median of 48.19 and 82% above the Chemicals industry median of 23.47. 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 Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For Excel Industries (NSE:EXCELINDUS), the current Gross Margin % is 42.71% 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 ₹890.45 is trading 23.7% below its estimated GF Value™ of ₹1,167.41.
GuruFocus considers Excel Industries to be Modestly Undervalued.
Key valuation signals for NSE:EXCELINDUS:
Gross Margin %: 42.71% (11% below median its 10-year median of 48.19)
GF Value™: ₹1,167.41 vs. price of ₹890.45 (23.7% below fair value)
Industry Position: 82% above the Chemicals median (#200 of 1556)
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 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
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