Excel Industries Limited has been awarded a Silver Rating in the EcoVadis Sustainability Assessment, placing it among the top 15% of businesses evaluated globally. The recognition validates the company’s integrated approach to sustainability management.

The disclosure was made on September 17, 2026, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The press release confirms that the rating reflects measurable progress in sustainability systems, value chain engagement, environmental performance, and reporting transparency.

Assessment Framework

The EcoVadis evaluation benchmarks performance against internationally recognized frameworks, including the UN Global Compact, ILO conventions, GRI Standards, and the TCFD framework. The assessment covers 21 criteria distributed across four core pillars:

• Environment
• Labour & Human Rights
• Ethics
• Sustainable Procurement

The Silver category indicates that Excel Industries has established a robust sustainability management framework supported by substantial evidence for its disclosures.

Strategic Implications

Ravi A. Shroff, Managing Director of Excel Industries , stated that the rating serves as validation of how sustainability is embedded into business operations. He noted that this achievement aims to strengthen relationships with existing customers and facilitate new partnerships as the company expands its global footprint in performance solutions and contract manufacturing.

The company operates three large-scale manufacturing sites in Roha, Lote, and Vishakhapatnam. It specializes in agrochemical intermediates, specialty chemicals, polymer inputs, and pharmaceutical APIs. The sustainability principles are guided by the core philosophy of People, Planet, and Progress.

What the Numbers Show

The placement within the top 15% of globally assessed businesses provides a concrete benchmark for Excel Industries’ non-financial performance. While financial metrics drive valuation, this rating signals reduced regulatory and reputational risk in international supply chains, particularly relevant as the firm seeks to expand its contract manufacturing presence abroad.

Excel Industries Limited reported a 12% rise in consolidated sales turnover to ₹1,094.25 Crores for FY26, while net profit after tax declined 12% to ₹73.40 Crores. The results reflect elevated raw material input costs and demand headwinds for agrochemical intermediates following an extended monsoon.

The company submitted its Annual Report for FY26 to BSE and NSE on August 31, 2026. The Board recommended a final dividend of ₹13.75 (275%) per equity share, unchanged from the previous year. The 65th Annual General Meeting is scheduled for September 24, 2026.

Key Financial Performance

The following table summarises the company's standalone financial highlights for FY26 versus FY25.

Reserves excluding revaluation reserves as of March 31, 2026 stood at ₹1,214.96 Crores. Market capitalisation as of March 31, 2026 was ₹1,013 Crores.

Key Financial Ratios

The company disclosed the following key financial ratios, with movements exceeding 25% explained separately.

The decline in the debt-equity ratio was primarily due to a decrease in lease liabilities during the year.

Strategic Initiatives and Capital Deployment

During FY26, Excel Industries made material progress across its identified growth areas of contract manufacturing, performance solutions, and Yellow Phosphorous (YP) derivatives.

• In November 2025, the company signed a binding term sheet with an Indian specialty chemicals company for supply of a specialty chemical, effective for five years. A dedicated facility was commissioned at an estimated capex of ₹40 Crores; the customer provided a trade advance of ₹25 Crores. The term sheet has since been converted into a definitive agreement.
• The additional 2,530-tonne annual biocides capacity became operational in November 2025.
• The Corporate R&D Centre at Rabale, Navi Mumbai was commissioned in October 2025.
• The company reported zero long-term debt and a net cash positive position on its balance sheet.
• Net revenues grew 11.8%, exports rose 26%, and operating margin stood at 10.1%.

Dividend and AGM Details

The Board recommended a final dividend of ₹13.75/- (275%) per equity share of face value ₹5 each for FY26, the same as the previous year. The dividend is subject to shareholder approval at the 65th AGM.

Remote e-voting will commence on September 21, 2026 at 9:00 am and end on September 23, 2026 at 5:00 pm. The notice was published in Business Standard, Free Press Journal, and Navshakti on September 1, 2026.

Sustainability and ESG Highlights

The company sourced approximately 49% of electricity requirements at its Roha and Lote sites from renewable sources. Combined Scope 1 and Scope 2 emissions intensity declined from 0.795 tCO2/MT to 0.641 tCO2/MT, a reduction of 19.4%. CSR expenditure for FY26 stood at ₹172.50 Lakhs against ₹222.37 Lakhs in FY25. Total R&D expenditure for FY26 was ₹1,845.42 Lakhs, representing 1.69% of total turnover.

Corporate Information

As of March 31, 2026, employee strength stood at 1,162. The board comprised eight directors, including five independent directors, three executive directors, and one nominee director. CRISIL reaffirmed the company's long-term bank loan rating at CRISIL A+/Stable and short-term rating at CRISIL A1 on total bank loan facilities rated at ₹149.5 Crores.