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Excel IndustriesNSE:EXCELINDUS +1.95%74 Net Current Asset Value is ₹127.14 as of Mar. 2026, which is 100% below its 10-year median of 12.21. GuruFocus rates NSE:EXCELINDUS with a GF Score™ of 74/100 and a GF Value™ of ₹1,167.59 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 944 Chemicals companies, Excel Industries ranks worse than 63.67% on this metric.
In calculating the Net Current Asset Value (NCAV), Benjamin Graham means a company's current assets (such as cash, marketable securities, and inventories) minus its total liabilities (including preferred stock, minority interest, and long-term debt).
Excel Industries's net current asset value per share for the quarter that ended in Mar. 2026 was ₹127.14.
The historical rank and industry rank for Excel Industries's Net Current Asset Value or its related term are showing as below:
NSE:EXCELINDUS'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 5.09 Med: 12.21 Max: 81.54
Current: 7.41
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Excel Industries was 81.54. The lowest was 5.09. And the median was 12.21.
NSE:EXCELINDUS's Price-to-Net-Current-Asset-Value is ranked worse than 63.67% of 944
companies
in the Chemicals industry
Industry Median: 4.96
vs NSE:EXCELINDUS: 7.41
Excel Industries (NSE:EXCELINDUS) Net Current Asset Value Explanation
Benjamin Graham first discussed net current asset value (NCAV) in the 1934 edition of "Security Analysis", which he coauthored with David Dodd. In the book, (net) current asset value is defined as:" current assets alone, minus all liabilities and claims ahead of the issue."
The common definition of NCAV is: NCAV = current assets – [total liabilities + minority interest + preferred stock]
Net current assets exclude not only the intangible assets but also the fixed and miscellaneous assets. In addition, Graham believed that preferred stock belongs on the liability side of the balance sheet, not as part of capital and surplus. In "Security Analysis", preferred stock is dubbed "an imperfect creditorship position" that is best placed on the balance sheet alongside funded debt.
One research study, covering the years 1970 through 1983 showed that portfolios picked at the beginning of each year, and held for one year, returned 29.4 percent, on average, over the 13-year period, compared to 11.5 percent for the S&P 500 Index. Other studies of Grahams strategy produced similar results.
Benjamin Graham looked for companies whose market values were less than two-thirds of their Net-Net Working Capital. They are collected under our Net-Net screener.
Excel Industries Net Current Asset Value Related Terms
Excel Industries Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Excel Industries's Net Current Asset Value 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: Net Current Asset Value Comparison
For the Specialty Chemicals subindustry, Excel Industries's Price-to-Net-Current-Asset-Value, along with its competitors' market caps and Price-to-Net-Current-Asset-Value 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 Price-to-Net-Current-Asset-Value vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Excel Industries's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Excel Industries's Price-to-Net-Current-Asset-Value 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.
What does a Net Current Asset Value of ₹127.14 mean?
Excel Industries (NSE:EXCELINDUS) has a Net Current Asset Value of ₹127.14 as of Mar. 2026. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on Excel Industries and its competitors. This is 941% above median its historical median of 12.21. Over the past decade, Excel Industries' Net Current Asset Value has ranged from 5.09 to 81.54. According to the industry distribution chart, Excel Industries ranks #601 out of 944 companies in the Chemicals industry, placing it in the top 63.7%.
Is Excel Industries' Net Current Asset Value too high?
Excel Industries' current Net Current Asset Value of ₹127.14 is 941% above median its 10-year median of 12.21. Over the past 10 years, this metric has ranged from a low of 5.09 to a high of 81.54. Based on the distribution chart, Excel Industries ranks #601 out of 944 companies in the Chemicals industry, which is below the industry midpoint. 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' Net Current Asset Value compare to LIN and SHW?
According to the Chemicals industry distribution chart, Excel Industries ranks #601 out of 944 companies for Net Current Asset Value. This places Excel Industries in the lower half of its industry. The industry median Net Current Asset Value is 4.96. Historically, Excel Industries' own Net Current Asset Value has ranged from 5.09 to 81.54 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Current Asset Value for a Chemicals company?
The median Net Current Asset Value among Chemicals companies is 4.96, based on 944 companies in the industry. Companies in the top quartile (top 25%) have a Net Current Asset Value significantly above this median, while those in the bottom quartile fall well below. However, Net Current Asset Value 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 Net Current Asset Value mean?
A high Net Current Asset Value can signal that a stock is expensive relative to its fundamentals. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on Excel Industries and its competitors. For the Chemicals industry, the median Net Current Asset Value is 4.96 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Excel Industries's current Net Current Asset Value is ₹127.14, which is 941% above median its own 10-year median of 12.21. 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 ₹1,167.59, compared to a current price of ₹932.15 — trading 20.2% below its estimated fair value. The current Net Current Asset Value is ₹127.14, which is 941% above median its 10-year median of 12.21. 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 Net Current Asset Value calculated?
Net Current Asset Value is calculated from a company's financial statements. For Excel Industries (NSE:EXCELINDUS), the current Net Current Asset Value is ₹127.14 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 ₹932.15 is trading 20.2% below its estimated GF Value™ of ₹1,167.59.
GuruFocus considers Excel Industries to be Modestly Undervalued.
Key valuation signals for NSE:EXCELINDUS:
Net Current Asset Value: ₹127.14 (941% above median its 10-year median of 12.21)
GF Value™: ₹1,167.59 vs. price of ₹932.15 (20.2% below fair value)
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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