Excel Industries Ltd
Excel Industries Q2 FY26 earnings call: Revenue & Margins
Q2 FY26 earnings call: what management said on revenue, margins and capex.
Guidance rank: #60 of 71 in Chemicals & Petrochemicals
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The short version
Current capacity utilization is 70% to 75%, with effective maximum utilization around 85% to 90% due to operational flexibility and maintenance. Excel Industries targets full-year EBITDA margins of 13% to 15% for FY26, reflecting stable profitability despite Q3 being a lean quarter.
From Excel Industries Ltd's Q2 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- Current capacity utilization is 70% to 75%, with effective maximum utilization around 85% to 90% due to operational flexibility and maintenance.
- Existing assets offer headroom for volume growth without immediate need for major expansion.
- New CAPEX of approximately Rs 200-300 crores planned over next 3 years, including Rs 35-40 crores for a long-term specialty chemical contract manufacturing project expected to generate Rs 35-40 crores in annual revenue.
- Incremental revenue expected from newly commissioned biocide capacity (~Rs 15 crores annual revenue) and other contract manufacturing projects (~Rs 10-12 crores), with combined potential incremental revenue around Rs 60 crore at peak.
2 more points from Excel Industries Ltd's call on revenue
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Profitability & Margins
See what Excel Industries Ltd said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- Excel Industries plans total CAPEX of Rs 200-300 crores over the next three years, covering both maintenance and growth.
- Recently signed a long-term 5-year contract manufacturing deal requiring Rs 40 crores investment for a dedicated production line, commissioning expected by June 2026.
- Commissioned a capacity expansion for a key biocide product in October 2025 with Rs 10.33 crores invested; full-year revenue expected at Rs 15 crores.
- Ongoing debottlenecking and modernization CAPEX of around Rs 35-40 crores excluding raw materials, staggered over 12-18 months, covering multiple projects.
2 more points from Excel Industries Ltd's call on capex
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Top-ranked in Chemicals & Petrochemicals
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
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Order Book & Pipeline
2 more points from Excel Industries Ltd's call on order book
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Excel Industries Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest (Q4 FY26): revenue ₹281 Cr, net profit ₹12 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What Excel Industries Ltd's management said in earlier quarters
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Potential multibaggers · Q2 FY27
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on management's own guidance
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
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Frequently Asked Questions
What were Excel Industries Ltd Q2 FY26 results?
Current capacity utilization is 70% to 75%, with effective maximum utilization around 85% to 90% due to operational flexibility and maintenance. Excel Industries targets full-year EBITDA margins of 13% to 15% for FY26, reflecting stable profitability despite Q3 being a lean quarter.
What is Excel Industries Ltd share price analysis?
Excel Industries Ltd currently shows a neutral. The stock trades at a P/E of 17.9 with a market cap of ₹1,274 Cr. Investors should review the full earnings analysis for detailed insights.
Is Excel Industries Ltd planning capital expenditure?
Excel Industries plans total CAPEX of Rs 200-300 crores over the next three years, covering both maintenance and growth.
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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.