EXCELINDUS

What Excel Industries promised, and what happened

Every commitment management made on a call, tracked from the quarter it was made — reaffirmed, revised, diluted or quietly dropped.

Guidance record · Q4 FY26

what the last two calls moved 10 tracked 3 delivered 1 missed 6 open
  • Biocide Capacity Expansion delivered said Q4 FY25 Promised: Capacity expansion will come by H2 '26 Q4 FY26: Management confirmed the capacity addition of 2,530 TPA in the biocides range was operational in H2 FY26, fulfilling the promise.
  • EBITDA Margin missed said Q4 FY25 Promised: 13% to 15% over the medium term Q4 FY26: Company reported a full-year FY26 adjusted EBITDA margin of 10.1%, missing the guided range of 13-15%.
  • New Contract Manufacturing Line delayed said Q2 FY26 Promised: Commissioned by June 2026 with an estimated investment of Rs 40 crores, generating 35-40 crores annual revenue Q4 FY26: The commissioning timeline has been pushed from June 2026 to July 2026. Project remains on track otherwise.

The rest of the ledger

Above is what the last two calls moved. Pro opens all 10 tracked commitments for Excel Industries — every quarter's revision, the source quote behind each one, and the topics management has stopped answering.

See what Pro opens