Excel Crop Care (Delisted) share price

BSE: 532511

Excel Crop Care Ltd. · Face value ₹5 · Listed Dec 2003

Last traded ₹3,194.20 on 28 Aug 2019

Delisted on 27 May 2020.

Last announcements

The company's own last announcements before its shares stopped trading, routine notices left out.

  1. Aug 2019

Share price history

Daily closes since Jan 2007, BSE closes Jan 2007 to Jul 2007, Jul 2007 to Feb 2008, Feb 2008 to May 2008 and May 2008 to Jul 2010, adjusted for splits and bonuses

Daily close, ₹ per share

Dividend

Q1 results, quarter to Jun 2019

Standalone: the listed company alone, without its subsidiaries. ₹ crore.

Revenue
₹379 Cr−5.2% on a year ago · +38.6% on the quarter before
Operating profit
₹41 Cr−34.1% on a year ago · +249.1% on the quarter before
Net profit
₹24 Cr−38.7% on a year ago · +398.6% on the quarter before
Earnings per share
₹21.43−38.8% on a year ago · +398.4% on the quarter before
Operating margin
10.9%
Net margin
6.2%

From revenue to net profit, ₹ crore

  1. Revenue379
  2. Materials and goods−268
  3. Employee costs−28
  4. Other expenses−41
  5. Operating profit41
  6. Depreciation−5.4
  7. Other income+0.2
  8. Finance costs−0.9
  9. Profit before tax35
  10. Tax−11
  11. Net profit24

Excel Crop Care results by quarter

Standalone: the listed company alone, without its subsidiaries. Latest quarter to Jun 2019. Results for the quarter to Sep 2019 were due by 14 Nov 2019, 45 days after it ends. Every company's dates are on the results calendar.

Revenue and net profit by quarter, ₹ crore

  • Revenue
  • Net profit
  • Loss
27725Sep 161782.7Dec 162366.0Mar 1733724Jun 1738545Sep 1725913Dec 17207−0.5Mar 1840039Jun 1840942Sep 182322.5Dec 182734.7Mar 1937924Jun 19
Peak revenue ₹409 Cr, quarter to Sep 2018; lowest ₹178 Cr, quarter to Dec 2016A loss in 1 of the 12 quarters shown

Operating and net margin by quarter, per cent

  • Operating margin
  • Net margin
18.8%−0.3%3.8%11.5%18.8%8.2%2.3%15.6%16.7%2.9%4.3%10.9%9.1%1.5%2.6%7.1%11.7%5.0%−0.3%9.6%10.2%1.1%1.7%6.2%Sep 16Mar 17Sep 17Mar 18Sep 18Mar 19Jun 19
₹ croreSep 2014Dec 2014Mar 2015Jun 2015Sep 2015Dec 2015Mar 2016Jun 2016Sep 2016Dec 2016Mar 2017Jun 2017Sep 2017Dec 2017Mar 2018Jun 2018Q1Sep 2018Dec 2018Q3Mar 2019Jun 2019Q1
Revenue from operations300172206290245154189272277178236337385259207400409232273379
260–––––––––227298312237202337340225261338
Materials and goods bought19410313317814991109161152106151184245168137267261153193268
Employee costs16–––––––––19–2224222523252628
Other expenses50–––––––––57–4546444557474241
Operating profit before depreciation40–––––––––93972215626871241
Operating margin13.3%–––––––––3.8%11.5%18.8%8.2%2.3%15.6%16.7%2.9%4.3%10.9%
Depreciation and amortisation4–––––––––5444545455
Other income41111112111111111000
Finance costs11221010000000110011
Profit before one-off items and tax391−1452423413545366917059643735
One-off items––3–2–59––2––––00000
Profit before tax3912452628493547366917059643735
10101380112101112244120220211
Tax rate26.1%33.9%7.2%29.6%29.4%19.7%7.1%25.2%27.5%30.4%17.0%32.7%34.4%24.7%444.7%34.3%34.6%4.3%27.4%32.6%
Net profit2912321928372536244513−139422524
Other comprehensive income–––––––––––––––20−100
Total comprehensive income–––––––––––––––40421524
Net margin9.5%0.6%0.8%10.9%7.6%1.2%4.0%13.5%9.1%1.5%2.6%7.1%11.7%5.0%−0.3%9.6%10.2%1.1%1.7%6.2%
Earnings per share––––––––––₹5.49₹21.72₹41.03₹11.70−₹0.48₹34.99₹37.96₹2.24₹4.30₹21.43
Earnings per share in rupees, restated for later splits and bonuses.

10 years at a glance

Standalone: the listed company alone, without its subsidiaries. ₹ crore, years to March.

Revenue, net profit and borrowings, ₹ crore

  • Revenue
  • Net profit
  • Borrowings
64337Mar 1073144Mar 1167716Mar 1276521Mar 1396667Mar 141,01064Mar 1587760Mar 1696371Mar 171,18881Mar 181,3148720Mar 19
Peak revenue ₹1,314 Cr, year to Mar 2019; lowest ₹643 Cr, year to Mar 2010

Operating and net margin, per cent

  • Operating margin
  • Net margin
12.3%2.3%11.4%12.3%6.6%10.5%10.1%11.6%11.4%5.8%6.0%2.3%2.8%7.0%6.4%6.8%7.3%6.8%6.7%Mar 10Mar 12Mar 14Mar 16Mar 18Mar 19

Results for the year to Mar 2019

Standalone: the listed company alone, without its subsidiaries. ₹ crore.

From revenue to net profit

  1. Revenue1,314
  2. Materials and goods−874
  3. Employee costs−99
  4. Other expenses−192
  5. Operating profit149
  6. Depreciation−18
  7. Other income+2.1
  8. One-off items0.0
  9. Finance costs−1.5
  10. Profit before tax132
  11. Tax−44
  12. Net profit87

What the company owns

  • Inventory₹358 Cr
  • Plant, investments and other assets₹337 Cr
  • Receivables₹305 Cr
  • Cash and bank₹5 Cr

What pays for it: net worth and liabilities

  • Net worth₹597 Cr
  • Owed to suppliers₹285 Cr
  • Other liabilities₹104 Cr
  • Borrowings₹20 Cr

Profit and loss

Standalone, ₹ crore, years to March. The last column is the twelve months to Jun 2019, the latest four quarters added.

₹ croreMar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Jun 2019Twelve months
Revenue from operations6437316777659661,0108779631,1881,3141,293
570641–714864––8671,0501,1641,165
Materials and goods bought359378403494612648527570734874875
Employee costs–––4960––82–99102
Other expenses–––171192––214–192188
Operating profit before depreciation7490–51102––97137149128
Operating margin11.4%12.3%–6.6%10.5%––10.1%11.6%11.4%9.9%
Materials, % of revenue–––64.6%63.3%––59.2%–66.5%67.7%
Employee costs, % of revenue–––6.4%6.2%––8.5%–7.5%7.9%
Other expenses, % of revenue–––22.3%19.9%––22.3%–14.6%14.5%
Depreciation and amortisation911–1414––17171820
Operating profit after depreciation6579–3788––80120131108
Other income12767444321
Finance costs9814135631212
Profit before one-off items and tax5772283090837583122132108
One-off items–−10−6–68712–00
Profit before tax5762223097918295122132108
20186929262224404435
Net profit3744162167646071818773
Other comprehensive income–––––––––1−1
Total comprehensive income–––––––––8872
Net margin5.8%6.0%2.3%2.8%7.0%6.4%6.8%7.3%6.8%6.7%5.6%
Materials, employee costs and other expenses are shown for the years they add up to operating expenses; for the years to Mar 2010, Mar 2011 and Mar 2018 they do not, so they are left blank. Operating expenses, operating profit before depreciation and operating profit after depreciation are left blank for the years to Mar 2012, Mar 2015 and Mar 2016: the statement does not state its depreciation, which operating profit is worked out from, so operating profit is not given.

Balance sheet

Standalone, ₹ crore, at 31 March.

₹ croreMar 2019
597
Share capital6
Reserves591
Borrowings20
371
37
Total assets1,005
226
779
Net debt14
Borrowings are counted again inside the liabilities due within a year and after a year. No balance sheet is on record for the years to Mar 2010, Mar 2011, Mar 2012, Mar 2013, Mar 2014, Mar 2015, Mar 2016, Mar 2017 and Mar 2018, so its lines and the ratios worked from it are blank there.

Per share

Standalone, ₹ per share, years to March.

₹ per shareMar 2017Mar 2018Mar 2019
Earnings per share₹64.25₹73.88₹79.49
Diluted earnings per share₹64.25₹73.88₹79.49
Book value per share––₹542.11
Market cap at the year end (₹ crore)––3,980

Ratios

Standalone, years to March.

RatioMar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019
Revenue growth−9.9%13.7%−7.4%13.0%26.2%4.6%−13.1%9.8%23.3%10.6%
Operating profit growth9.3%22.1%––100.5%–––41.6%8.8%
Net profit growth34.7%16.7%−64.3%37.2%213.9%−4.1%−7.6%18.7%15.0%7.6%
Earnings per share growth––––––––15.0%7.6%
Return on equity–––––––––14.7%
Return on capital employed–––––––––21.3%
Interest cover7.29.7–2.818.7––68.176.488.9
Debt to equity–––––––––0.03
Receivable days–––––––––85
Inventory days–––––––––150
Payable days–––––––––119
Cash conversion cycle, days–––––––––115
Working capital days–––––––––117
Asset turnover–––––––––1.31
Assets per rupee of net worth–––––––––1.68
Sales per rupee of plant–––––––––6.28
Plant being built, % of plant in use–––––––––0.7%
No balance sheet is on record for the years to Mar 2010, Mar 2011, Mar 2012, Mar 2013, Mar 2014, Mar 2015, Mar 2016, Mar 2017 and Mar 2018, so its lines and the ratios worked from it are blank there.

Growth and returns over 3, 5 and 10 years

Standalone: the listed company alone, without its subsidiaries. Each window ends with the year to Mar 2019.

Return on assets, latest year
8.7%
Measure10 years5 years3 years
Revenue growth, yearly rate6.3%6.3%14.4%
Profit growth, yearly rate12.1%5.4%13.7%
Operating margin, average––11.0%
Net margin, average5.8%6.8%6.9%
Interest cover, average––77.8

Accounting checks

Standalone, years to March. Published tests of whether reported profit is backed by cash and the balance sheet.

CheckMar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019
Effective tax ratePublished threshold 17.16 per cent34.7129.4328.5029.1530.3428.94––––
A threshold marked as ours has no published figure; it is the line we read the check against.

Business segments

In the year to Mar 2019 the company reports one business segment, AGROCHEMICALS, which carries all its revenue.

Where the return came from

Yearly rates to Mar 2019, per-share figures restated for splits and bonuses.

OverReturn a yearEarnings growthChange in P/EDividend yield
1 year+19.9%+7.6%+11.4%0.0%
3 years+44.2%––0.0%
5 years+48.5%––0.0%
Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add. Earnings growth and the change in P/E are left empty where earnings per share at either end of the window was a loss or is not on record.

Excel Crop Care share price by year

Each calendar year to 2019.

YearClose at year endChangeHighest closeLowest close
20193,194.20−12.8%3,768.452,503.40
20183,665.15+82.3%4,649.052,123.00
20172,010.25+18.0%2,059.701,675.90
20161,703.10+49.5%1,992.40910.00
20151,139.45−0.6%1,182.65767.85
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before. The 2019 close is its last trade, on 28 Aug 2019.

Recent sessions

The 10 trading days to 28 Aug 2019, as traded on BSE.

DateOpenHighLowCloseAverage priceVolume
28 Aug 20193,244.003,340.003,137.203,194.203,236.7621,683
27 Aug 20192,660.003,208.602,660.003,200.803,117.9623,775
26 Aug 20192,550.002,698.002,545.252,673.852,665.466,101
23 Aug 20192,505.102,574.902,505.102,561.152,549.921,041
22 Aug 20192,550.002,594.002,498.552,536.002,523.012,904
21 Aug 20192,505.002,529.952,490.002,513.202,508.0911,552
20 Aug 20192,556.902,610.002,490.002,503.402,520.754,691
19 Aug 20192,601.002,692.452,525.002,556.902,601.622,213
16 Aug 20192,655.052,677.352,611.002,618.252,629.452,500
14 Aug 20192,671.052,700.002,655.202,664.652,675.12729
Prices in ₹ per share as traded, not adjusted.

Company details

BSE code
532511
ISIN
INE223G01017
Former symbols
EXCELCROP
CIN
L74999MH1964PLC012878
Corporate identity number, the registrar of companies' code for it
Incorporated
1964
Registered office
184 - 87, Swami Vivekanand Road, Jogeshwari (W), Mumbai 400102, Maharashtra
Share registrar
Link Intime India Pvt. Ltd
Keeps the register of shareholders and handles transfers and dividend payments