Excel Industries Valuation Multiples

Excel Industries Overview

About Excel Industries

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.

Founded

1960

HQ

Employees

1.1K

Website

excelind.co.in

Financials (FY)

Revenue: $114M

EBITDA: $14M

EV

$102M

Valuation Multiples

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Excel Industries Financials

Excel Industries reported last fiscal year revenue of $114M and EBITDA of $14M.

In the same fiscal year, Excel Industries generated $52M in gross profit, $14M in EBITDA, and $8M in net income.

Excel Industries P&L

In the most recent fiscal year, Excel Industries reported revenue of $114M and EBITDA of $14M.

Excel Industries is profitable as of last fiscal year, with gross margin of 45%, EBITDA margin of 13%, and net margin of 7%.

Excel Industries Stock Performance

Excel Industries has current market cap of $117M, and enterprise value of $102M.

Excel Industries' stock price is $9.30.

Excel Industries has an EPS (earnings per share) of $0.63.

Excel Industries Valuation Multiples

Excel Industries trades at 0.9x EV/Revenue multiple, and 7.1x EV/EBITDA.

Excel Industries Financial Valuation Multiples

As of July 9, 2026, Excel Industries has market cap of $117M and EV of $102M.

Excel Industries has a P/E ratio of 14.8x.

Excel Industries Margins & Growth Rates

In the most recent fiscal year, Excel Industries reported gross margin of 45%, EBITDA margin of 13%, and net margin of 7%.

Excel Industries Operational KPIs

Excel Industries' revenue per employee in the last FY averaged $0.1M, while opex per employee averaged $0.0M for the same period.

Excel Industries' Rule of 40 is 15% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

Excel Industries' Rule of X is 20% (created by Bessemer, Rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

Investments by Excel Industries

Excel Industries has invested in 2 companies to date.

Latest investment by Excel Industries was on July 1st 2026. Excel Industries invested in BatX Energies in their $11M Series A round (EV/Revenue multiple available to Pro users).