Excel Industries (BOM:500650) ROCE %: 3.17% (As of Mar. 2026)


BOM:500650 Excel Industries Ltd BOM:500650
69 GF Score
Price ₹913.70
GF Value ₹1,165.33
Valuation Modestly Undervalued
! 5 Warning Signs
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What is Excel Industries ROCE %?

Excel Industries BOM:500650 -0.86% 69 ROCE % is 3.17% as of Mar. 2026. GuruFocus rates BOM:500650 with a GF Score™ of 69/100 and a GF Value™ of ₹1,165.33 (Modestly Undervalued). The stock has 5 warning signs investors should review.

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Excel Industries's annualized ROCE % for the quarter that ended in Mar. 2026 was 3.17%.

Excel Industries  (BOM:500650) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Excel Industries ROCE % Related Terms

Excel Industries ROCE % Historical Data

* Premium members only.

The historical data trend for Excel Industries's ROCE % 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 ROCE % Chart

Excel Industries Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 19.21 8.10 1.61 6.91 5.53

Excel Industries Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROCE % 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 3.79 10.41 5.64 2.33 3.17
BOM:500650
69GF Score
Excel Industries Ltd BOM:500650
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Excel Industries ROCE % Calculation

Excel Industries's annualized ROCE % for the fiscal year that ended in Mar. 2026 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Mar. 2026 )  (A: Mar. 2025 )(A: Mar. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Mar. 2026 )  (A: Mar. 2025 )(A: Mar. 2026 )
=1002.692/( ( (19204.035 - 1737.273) + (21053.204 - 2255.13) )/ 2 )
=1002.692/( (17466.762+18798.074)/ 2 )
=1002.692/18132.418
=5.53 %

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

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=596.28/( ( (0 - 0) + (21053.204 - 2255.13) )/ 1 )
=596.28/( ( 0 + 18798.074 )/ 1 )
=596.28/18798.074
=3.17 %

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

* 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 ROCE % →
What does a ROCE % of 3.17% mean?
Excel Industries (BOM:500650) has a ROCE % of 3.17% as of Mar. 2026.
Is Excel Industries' ROCE % too high?
Excel Industries' current ROCE % is 3.17%. The Chemicals industry median ROCE % is 6.42. Excel Industries' value of 3.17% is 50.6% below this industry median. Overall, Excel Industries has a GF Score™ of 69/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Excel Industries' ROCE % compare to LIN and SHW?
Excel Industries' ROCE % of 3.17% can be compared against companies in the Chemicals industry. The industry median ROCE % is 6.42. Excel Industries' value of 3.17% is 50.6% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROCE % for a Chemicals company?
The median ROCE % among Chemicals companies is 6.42, based on 1,589 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Excel Industries's current ROCE % of 3.17% is 50.6% below 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 ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Chemicals industry, the median ROCE % is 6.42 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Excel Industries's current ROCE % is 3.17%. 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 (BOM:500650) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹1,165.33, compared to a current price of ₹913.70 — trading 21.6% below its estimated fair value. The current ROCE % is 3.17% and 50.6% below the Chemicals industry median of 6.42. Excel Industries' overall GF Score™ is 69/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROCE % calculated?
ROCE % is calculated from a company's financial statements. For Excel Industries (BOM:500650), the current ROCE % is 3.17% 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 (BOM:500650) Overvalued in 2026?

Based on GuruFocus' analysis, Excel Industries stock appears to be undervalued. The current stock price of ₹913.70 is trading 21.6% below its estimated GF Value™ of ₹1,165.33. GuruFocus considers Excel Industries to be Modestly Undervalued.

Key valuation signals for BOM:500650:

  • ROCE %: 3.17%
  • GF Value™: ₹1,165.33 vs. price of ₹913.70 (21.6% below fair value)
  • GF Score™: 69/100 with 5 warning signs
  • Industry Position: 50.6% below the Chemicals median

No single metric tells the full story. See the BOM:500650 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Excel Industries Business Description

Other Exchanges EXCELINDUS: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.
69GF Score

Get the complete analysis for BOM:500650

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

₹913.70
Price
₹1,165.33
GF Value