Excel Industries Ltd
NSE: EXCELINDUS BSE: 500650
₹1006.05
(5.15%)
Sun, 24 May 2026, 11:55 pm
Market Cap12.12B
PE Ratio16.69
Dividend1.43
Process Industries
Chemicals: Agricultural
24.5KCompany History
1960
- The company was started as a private limited company on 5th September.
- The company manufactured basic industrial chemicals, pesticides, fumigants, etc.
1965
- The company became a Public Ltd company.
1968
- 12,500 bonus equity shares were issued in the proportion 1:2.
1970
- 7,500 bonus shares were issued in the proportion 1:5.
- Shares were then subdivided.
1971
- 5,00,000 shares were issued at par.
1975
- Plants at the Roha Works were commissioned in June.
- 7,60,000 bonus shares were issued in the proportion 4:5.
1976
- The pilot plant for the manufacture of endosulfan was commissioned.
- A plant was put up for the manufacture of aluminium chloride.
1977
- 8,55,000 bonus shares were issued in the proportion 1:2.
1978
- The company concluded agreements for the supply of technical know-how and engineering services for the manufacture of malathion.
1983
- 20,52,000 bonus shares were issued in the proportion 4:5.
1985
- A plant was installed to manufacture glyphosate, a weedicide.
1986
- The butene-diol plant with 600 TPA capacity was commissioned.
- It was proposed to set up a 16,000 TPA plant for the recovery of high-alumina refractory grade cement.
1989
- Upexcel, Ltd., was formed as a joint sector company with Pradeshiya Industrial & Investment Corporation of U.P.
1990
- The company issued 4,00,000-14% secured non-convertible debentures.
1991
- The Project financing proposal was approved by financial institutions.
- The company incorporated a wholly owned subsidiary under the name Excel Industries (Australia) Pty Ltd., in Australia.
- The company issued 6,00,000-18% secured redeemable non-convertible debentures.
- The company issued 2,00,000-14% secured redeemable non-convertible debentures.
1992
- The company issued 4,00,000-18% secured redeemable non-convertible debentures.
- 23,08,500 bonus shares were issued in the proportion 1:2.
1993
- A facility for the manufacture of 600 TPA of acetyl chloride was commissioned.
- The company offered 3,50,000 equity shares to its permanent employees.
- 3,44,920 shares were issued on a preferential basis to employees.
1994
- The company entered into new businesses like micro-irrigation systems, seeds, and biofertilizers.
- The capacity of the plant to produce Butene Diol was expanded.
1995
- The company commissioned a windfarm project at Rajasthan with an installed capacity of 2.7 MW.
- 36,35,210 bonus equity shares were issued in the proportion 1:2.
1996
- The company carried out an expansion of production capacity of yellow phosphorous at Bhavnagar unit and Glyphosate at Roha unit.
1997
- The company commissioned a new pesticide formulation unit at Silvassa.
- Excel Industries set up a joint venture with Netafim of Israel to manufacture irrigation equipment in India.
- The Credit Rating Information Services of India Limited rated Excel Industries' non-convertible debenture as `AA-'.
1998
- Netafim entered into a joint venture with Excel Industries Limited to manufacture irrigation equipment in India.
- Excel Industries planned to expand its business worldwide, particularly in Asia and the Pacific region.
- The company commissioned a pilot plant for herbal extraction at its production site at Lote Parashuram.
- Excel Industries was one of the major domestic players in the pesticide industry and a leading exporter of technicals and formulations.
1999
- The company was the largest domestic manufacturer of endosulfan.
- Excel Industries entered into a co-marketing arrangement with Danish multinational Cheminova for its glyphosate-based formulation.
2000
- The company's subsidiary launched a seeds business and had to shell out Rs 2.25 crore as compensation to cotton farmers.
2001
- Credit Rating and Information Services of India Ltd downgraded its rating assigned to the fixed deposit programme of Excel Industries Ltd.
- The company embarked on a restructuring drive by spinning off its agri-business into a separate company.
- The Board approved in-principle a proposal to restructure the business of the Company by spinning off its Agri Business Division into a separate Company under a Scheme of Demerger.
2002
- A major fire broke out in one of the two main buildings of the corporate and registered office of the Company.
- The Board approved the scheme of amalgamation of Waman Industrial Chemicals Ltd with the company.
- Mr Kishore V Mariwala resigned from the Board of Directors.
- Mr M K Vadgama resigned from the Board of Directors.
- Mr A N Poddar, Director of the Company, expired.
2003
- The Board approved a Scheme of Demerger of the Undertaking relating to the Agri Business of the Company.
- The Hon'ble High Court of Judicature at Bombay sanctioned the scheme of arrangement for demerger of the undertaking relating to Agri Business of the Company.
- Mr Dipesh K Shah resigned as Joint Managing Director of the company.
- Mr S R Potdar was appointed Executive Director of the Company.
- Mr Dipesh K Shroff was appointed as non-executive Director of the Company.
- The company signed a memorandum of understanding to sell its land at Amboli for Rs 1.75 crore.
2007
- Mr D Devednder Singh was appointed as an Additional Director of the Company.
2008
- Mr Nilesh Bhaskar Sathe was appointed as an Additional Director of the Company.
2009
- Excel Industries recommended a dividend of 10%.
2010
- Mr Surendra Kumar Singhvi was appointed as the Secretary and Compliance Officer of the Company.
- Excel Industries recommended a dividend of 40%.
2011
- Excel Industries recommended a dividend of 75%, including a special dividend of 25% on the occasion of its 50th year.
2012
- Excel Industries recommended a dividend of 40%.
2013
- The company received the ICC Lifetime Achievement Award.
2014
- Excel Industries offered an easy-to-use organic waste treatment system.
2019
- The company acquired a chemical manufacturing unit of NetMatrix Crop Care Limited.
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Pocketful Fintech Capital Private Limited (CIN U65999DL2021PTC390548) | The SEBI Registration No. allotted to us is INZ000313732. NSE Member Code: 90326 | BSE Member Code: 6808 | MCX Member Code: 57120 DP | CDSL: 12099800