Excel Industries Ltd Stock Quotes and Charts
It has installed a 12 MT/Hr coal fired boiler at its Roha plant and a 6 MT/Hr unit at Lote Parshuram. The cost of steam is going to reduce significantly and the payback for the units is expected to be less than two years. <br><br>Its focused investment in energy conservation saw the installation of two new Screw Compressors in the Sulfex plant and in the Refrigeration Systems. There is substantial saving in the specific energy consumed since the installation of these units. <br><br>The focused approach of the company to grow in the export market has started giving results and exports have grown by about 25% from Rs.43 cr. in 2005-06 to Rs.53 cr. in 2006-07. Through stretched efforts, the company was able to meet the sudden increase in the requirement of herbicides for exports. The company was also able to secure orders for supply of a new monomer for export. Its outlook in the current year is encouraging. <br><br>Certain high value pharmaceutical intermediates under development may be sold regularly from its pilot plant. The divisional management is working on presenting an improved performance for 2007-08. <br><br>The company has closed down operations of manufacturing organic manure at its Vijaywada unit as it was not commercially viable. It may utilise this surplus land and benefit from the boom in real estate market. <br><br>The company is also engaged in solid waste management and has developed OWC (organic waste converters).This business has immense growth potential. Though currently on a low scale, Excel has plans to make it major division in the near future. <br><br>The company is expected to earn lease rental of around Rs.1.25 cr. to Rs.2 cr. next year from its Jogeshwari unit. There are indications of redevelopment of one of its building, which is likely to generate good income over the next few years. <br><br>The company has made good turnaround by reporting net profit of Rs.2.4 cr. on its small capital of Rs.5.4 cr. in spite of some provisions for its loss making unit, which will be there in H2FY08. <br><br>Investors are advised to add this stock on reactions around Rs.60/62 levels for good long-term growth. <br><br>The stock is consolidating between Rs.55-69 levels. Sustained closing above these levels is likely to push it up to Rs.125 level over the next 6-8 months. <br><br>
buy call on Excel Industries at 80 Rs with short term tgt of 110+.I am sure that today the stock will go in big hands and may test tgt within 10 days.
Excel Industries Ltd has announced the financial results for the quarter ended on 31-December-2009. The Net Sales was at Rs.54.15 crores for quarter ended on 31-December-2009 against Rs.47.13 crores for the quarter ended on 31-December-2008.<br><br>The Net Profit / (Loss) was at Rs.1.61 crores for the quarter ended on 31-December-2009 against (Rs.4.37) crores for the quarter ended on 31-December-2008.<br>
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