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Excel Industries: Q1 runs out of fuel, but long-term story intact
Sep. 27, 2019
Excel Industries Limited
IndiaFollow
India
> 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 and environmental products. The chemical segment includes chemical intermediates for agrochemical industry (pesticide intermediates), specialty chemicals, polymer inputs and pharma APIs and intermediates. The environmental part comprises soil enricher, bio-pesticides and other waste management products. The company is also engaged in manufacturing activity on behalf of third parties.
Source: Money Control
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