Excel Industries (NSE:EXCELINDUS) Scaled Net Operating Assets: N/A (As of Mar. 2026)

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NSE:EXCELINDUS Excel Industries Ltd NSE:EXCELINDUS
72 GF Score
Price ₹911.40
GF Value ₹1,167.47
Valuation Modestly Undervalued
! 5 Warning Signs
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What is Excel Industries Scaled Net Operating Assets?

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Excel Industries's operating assets for the quarter that ended in Mar. 2026 was ₹19,549 Mil. Excel Industries's operating liabilities for the quarter that ended in Mar. 2026 was ₹3,944 Mil. Excel Industries's Total Assets for the quarter that ended in Dec. 2025 was ₹0 Mil. Therefore, Excel Industries's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was N/A.

Excel Industries Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Excel Industries's Scaled Net Operating Assets 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 Scaled Net Operating Assets Chart

Excel Industries Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.97 0.74 0.82 0.77 0.81

Excel Industries Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Scaled Net Operating Assets 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 0.00 0.00 0.00 0.00 0.00

NSE:EXCELINDUS vs LIN, SHW, ECL: Scaled Net Operating Assets Comparison

For the Specialty Chemicals subindustry, Excel Industries's Scaled Net Operating Assets, along with its competitors' market caps and Scaled Net Operating Assets 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 Scaled Net Operating Assets vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Excel Industries's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Excel Industries's Scaled Net Operating Assets falls into.


NSE:EXCELINDUS
72GF Score
Excel Industries Ltd NSE:EXCELINDUS
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Excel Industries Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Excel Industries's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Mar. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(A: Mar. 2026 )
=(Operating Assets (A: Mar. 2026 )-Operating Liabilities (A: Mar. 2026 ))/Total Assets (A: Mar. 2025 )
=(19549.169-3944.332)/19204.035
=0.81

where

Operating Assets(A: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=21053.204 - 1504.035
=19549.169

Operating Liabilities(A: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=4023.147 - 36.745 - 42.07
=3944.332

Excel Industries's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Mar. 2026 )
=(Operating Assets (Q: Mar. 2026 )-Operating Liabilities (Q: Mar. 2026 ))/Total Assets (Q: Dec. 2025 )
=(19549.169-3944.332)/0
=N/A

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=21053.204 - 1504.035
=19549.169

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=4023.147 - 36.745 - 42.07
=3944.332

* 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.

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

Based on GuruFocus' analysis, Excel Industries stock appears to be undervalued. The current stock price of ₹911.40 is trading 21.9% below its estimated GF Value™ of ₹1,167.47. GuruFocus considers Excel Industries to be Modestly Undervalued.

Key valuation signals for NSE:EXCELINDUS:

  • Scaled Net Operating Assets: N/A
  • GF Value™: ₹1,167.47 vs. price of ₹911.40 (21.9% below fair value)
  • GF Score™: 72/100 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.
72GF Score

Get the complete analysis for NSE:EXCELINDUS

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

₹911.40
Price
₹1,167.47
GF Value