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    HomeNewsBusinessMoneycontrol Research

    Excel Industries: Q1 runs out of fuel, but long-term story intact

    Ruchi Agrawal
    September 27, 2019 / 11:21 AM IST
    Excel Industries: Q1 runs out of fuel, but long-term story intact

    Tanfac Industries has gained 636 percent in the last 5 years. As of June 10, 2015, the share price was Rs 22.00 per share and now the current share price is Rs 161.95 with a market cap of Rs 162 crore.

    PRO Only Highlights
    -      Quarterly performance largely backed by improved realisations
    -      Medium-term triggers China plus and protectionist measures for tyre industry
    -      Valuations not inexpensive; but improved medium-term outlook

    Highlights

    - Weak show in Q1, sales dip due to delayed monsoon

    - Q2 expected to be better with spillover sales

    - Return on capital employed much higher than peers

    - Minimal debt on balance sheet augurs well for future expansion capability

    - Foray into pharma API and waste management to bring in added growth

    Excel Industries, which manufactures chemicals, active pharmaceutical ingredients (APIs), intermediates and environmental products, has hit a soft patch with a lacklustre earnings reportcard.

    The company operates through two major segments -- chemicals

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