Excel Industries Balance Sheet
- Market cap
- ₹1,161 crore
- P/E
- 16.3
- P/B
- 0.68
- ROE
- 4.6%
- Dividend yield
- 1.49%
As of Mar 2022, Excel Industries had total assets of ₹13,700 crore and borrowings of ₹1,200 crore, against shareholders' equity of ₹9,000 crore — a debt-to-equity ratio of 0.13. Borrowings rose 44,843.82% from Mar 2023.
Excel Industries balance sheet
As at each financial year end, newest first. H1 = half-year.
| Item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Equity capital | 500 | 6.29 | 6.29 | 6.29 | 6.29 |
| Reserves | 8,500 | 277 | 283 | 359 | 419 |
| Borrowings | 1,200 | 2.67 | 1.78 | 12.28 | 7.88 |
| Other liabilities | 3,500 | 248 | 367 | 319 | 394 |
| Total liabilities | 13,700 | 1,493 | 1,796 | 1,920 | 2,105 |
| Fixed assets | 6,500 | 428 | 427 | 432 | 482 |
| Capital work in progress | 400 | 100 | 100 | 100 | 100 |
| Investments | 2,500 | 299 | 359 | 384 | 421 |
| Other assets | 4,300 | 448 | 539 | 576 | 632 |
| Total assets | 13,700 | 1,493 | 1,796 | 1,920 | 2,105 |
Balance sheet ratios
- Debt to equity
- 0.13
Source: Company filings (consolidated), in ₹ crore. Data as of 7 October 2026. How this data is compiled.
Excel Industries balance sheet — frequently asked questions
What is the total debt of Excel Industries?
Excel Industries reported borrowings of ₹1,200 crore as of Mar 2022, compared with ₹2.67 crore as of Mar 2023.
What is Excel Industries' debt-to-equity ratio?
Based on the Mar 2022 balance sheet, Excel Industries' debt-to-equity ratio is 0.13 — borrowings of ₹1,200 crore against equity capital and reserves of ₹9,000 crore.
What are Excel Industries' total assets?
Excel Industries' total assets were ₹13,700 crore as of Mar 2022, including fixed assets of ₹6,500 crore and investments of ₹2,500 crore.
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