Excel Industries Share Price Target 2027: Base and Bull Targets Built on FY26 Earnings

Investors weighing an Excel Industries target price for 2027 should start with where the stock sits today. At Rs 917.15 on 9 October 2026, it is 21.5% below its 52-week high of Rs 1,168.00 and 14.6% above its 52-week low of Rs 800.05. That range spans 46% from low to high, so the entry point matters as much as the Excel Industries price forecast itself.

This article builds the Excel Industries share price target from reported numbers only: five years of annual results, the last five quarters, the latest shareholding pattern and current valuation ratios from company filings and exchange data. Each scenario shows its assumptions, so you can see exactly how the Rs 1,105 base case and the Rs 1,323 bull case were reached, along with a downside risk level of Rs 736.

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Excel Industries Stock Analysis: Company Overview and Key Stats

Excel Industries (NSE: EXCELINDUS) has a market capitalisation of Rs 1,157 crore. In FY26 it reported revenue of Rs 1,122 crore and net profit of Rs 75.67 crore. The table collects the figures the Excel Industries share price target is built on.

Metric	Value
Company	Excel Industries
NSE Ticker	EXCELINDUS
CMP (9 October 2026)	Rs 917.15
52-Week High	Rs 1,168.00
52-Week Low	Rs 800.05
Market Cap	Rs 1,157 crore
PE Ratio (TTM)	16.21
Industry PE	23.42
Price to Book	0.68
Return on Equity	4.44%
Debt to Equity	0.00
EPS (TTM)	Rs 56.78
Dividend Yield	1.50%
12-Month Base Target	Rs 1,105
Bull Case	Rs 1,323
Downside Risk Level (not a target)	Rs 736

Why Is Excel Industries Share Price Target Set at Rs 1,105 for 2027?

The base-case Excel Industries stock target of Rs 1,105 applies a PE multiple of 16.21 to a forward EPS estimate of Rs 68.14. That EPS assumes 20.0% yearly growth, the pace from FY24 to FY26, and puts the target 20.5% above the current price. The bull case adds faster earnings growth and a higher multiple, while the downside risk level assumes flat earnings and a lower multiple.

Earnings Growth Behind the Excel Industries Target Price: Five Years of Results

Excel Industries grew revenue from Rs 1,194 crore in FY22 to Rs 1,122 crore in FY26, a compound annual growth rate of -1.5%. Net profit grew more slowly, from Rs 161.20 crore to Rs 75.67 crore (-17.2% a year), which points to margin pressure alongside the sales growth.

Financial Year	Revenue (Rs Cr)	Net Profit (Rs Cr)	EPS (Rs)	Dividend per Share (Rs)
FY22	1,193.66	161.20	128.24	22.50
FY23	1,102.68	79.94	63.59	11.25
FY24	859.14	17.01	13.53	5.50
FY25	1,008.29	85.31	67.87	13.75
FY26	1,121.85	75.67	60.19	13.70

FY26 revenue growth was 11.3%, faster than the four-year average of -1.5%, and net profit moved down 11.3%. EPS rose from Rs 13.53 in FY24 to Rs 60.19 in FY26. The FY27 outlook depends on whether that EPS estimate keeps compounding.

Margins and the Latest Quarter

Excel Industries converted 6.7% of FY26 revenue into net profit, against 8.5% in FY25, within a five-year range of 2.0% to 13.5%. EBITDA margin was 12.2% in FY26 versus 14.8% in FY25.

In the June 2026 quarter, revenue was Rs 300.54 crore, down 6.6% from the same quarter a year earlier, while net profit of Rs 29.47 crore was down 12.7%. EBITDA came in at Rs 49.12 crore, down 9.7% year on year. The next quarterly result is the first test of whether the earnings assumption holds.

Balance Sheet and Cash Flow

Debt to equity stands at 0.00, and shareholders' equity grew from Rs 1,149 crore in FY22 to Rs 1,703 crore in FY26. Operating cash flow in FY26 was Rs 52.90 crore against capital expenditure of Rs 79.47 crore, leaving negative free cash flow of Rs 26.57 crore. In FY25 free cash flow was Rs 18.27 crore, so cash generation has not been steady year to year.

Valuation Check for the Excel Industries Stock Target: PE, Price to Book and ROE

At a PE of 16.21 against an industry PE of 23.42, Excel Industries trades at a discount to its industry. Price to book is 0.68 on a book value of Rs 1,354.74 per share, and return on equity is 4.44%. A PE of 16.21 equals an earnings yield of 6.2%, and the FY26 dividend of Rs 13.70 per share gives a yield of 1.50%.

Shareholding Pattern and Institutional Holding

Promoters held 51.86% of Excel Industries in June 2026, and promoter holding fell from 52.68% in June 2025 to 51.86% in June 2026. Foreign institutional investors (FII) held 1.86% and domestic institutions (DII) held 7.07%, which puts total institutional holding at 8.93%. FII holding fell from 2.08% in June 2025 to 1.86% in June 2026. Public shareholders own the remaining 39.22%.

Excel Industries Share Price Targets for the Short Term and 12 Months

Short Term Excel Industries Stock Target Levels: Technical Setup

At Rs 917.15 on 9 October 2026, Excel Industries trades below its 50-day simple moving average of Rs 998.14 and below its 200-day exponential moving average of Rs 974.95. The 14-day RSI reads 36.6, which is neutral territory, and the MACD line sits below its signal line. The nearest resistance level is Rs 974.95 (200-day exponential moving average) and the nearest support is Rs 800.05 (52-week low). A sustained move above Rs 974.95 would improve the short-term setup, while a close below Rs 800.05 would shift attention to the next support.

12 Month Excel Industries Target Price for 2027

The 12-month target for Excel Industries is Rs 1,105: forward EPS of Rs 68.14 at a PE of 16.21. That is 20.5% above Rs 917.15. It would still leave the stock 5.4% below its 52-week high of Rs 1,168.00.

How EPS Growth and PE Multiple Change the Excel Industries Target Price

EPS Growth	PE 12.97	PE 16.21	PE 18.64
0.0% (EPS Rs 56.78)	Rs 736	Rs 920	Rs 1,058
20.0% (EPS Rs 68.14)	Rs 884	Rs 1,105	Rs 1,270
25.0% (EPS Rs 70.97)	Rs 920	Rs 1,150	Rs 1,323

Each cell multiplies the forward EPS estimate by the PE shown. Reading across a row shows what a de-rating or re-rating does to the Excel Industries price forecast, and reading down a column shows what earnings growth is worth at a fixed multiple.

Bull Case and Downside Risk for Excel Industries Stock Target in 2027

Bull Case Rs 1,323

The bull case Excel Industries price target needs EPS growth of 25.0%, which lifts forward EPS to Rs 70.97, and a PE multiple that rises 15% to 18.64. That gives Rs 1,323, 44.3% above the current price and above the 52-week high of Rs 1,168.00, so the stock would have to set a fresh 52-week high.

Downside Risk Level Rs 736

The downside risk level is not a target. It assumes EPS stays flat at Rs 56.78 and the PE falls 20% to 12.97. That gives Rs 736, 19.8% below the current price and below the 52-week low of Rs 800.05.

Scenario	EPS Growth	PE Multiple	Price (Rs)	Change vs CMP
Bull Case	25.0%	18.64	Rs 1,323	+44.3%
Base Case	20.0%	16.21	Rs 1,105	+20.5%
Downside Risk	0.0%	12.97	Rs 736	-19.8%

Key Risks to the Excel Industries Target Price for 2027

Growth Slowdown Risk for the Excel Industries Price Target

Revenue in the June 2026 quarter was down 6.6% year on year, and FY26 revenue growth was 11.3%. A fall in sales would make the EPS growth behind the Excel Industries stock target harder to reach.

Liquidity and Size Risk

Excel Industries has a market capitalisation of Rs 1,157 crore. Institutional holding is 8.93%, and promoters hold 51.86%. Stocks of this size can move sharply on small volumes, and exits can take longer than entries.

Valuation and Margin Risk

Net margin was 6.7% in FY26, so a small slip in costs moves profit noticeably. At a PE of 16.21 versus an industry PE of 23.42, a de-rating toward the downside-risk PE of 12.97 would cut the price even if earnings hold.

Market and Technical Risk

The stock trades 21.5% below its 52-week high, with an RSI of 36.6 and a MACD reading below its signal line. Broader market weakness can override company fundamentals in the short term.

How to Invest in Excel Industries

Start with the live price and volume. Any Excel Industries share price target is only as current as the data behind it, and the data here is as of 9 October 2026, so refresh the Rs 917.15 price before acting on any level.

Next, review the fundamentals yourself. The Univest Screener lets you check Excel Industries' PE, ROE, debt and shareholding in one place.

Check Excel Industries fundamentals on the Univest Screener

Then compare the three Excel Industries target price scenarios with your own view. If you expect EPS growth below 20.0%, the base case is too optimistic for you; if you expect more, the bull case deserves weight.

Decide your position size and exit levels before you buy. The support and resistance levels above can serve as reference points, but they are not recommendations.

Finally, place the order through a SEBI-registered broker or the Univest app, and review the position after each quarterly result. Consult a SEBI-registered advisor if you are unsure.

Download the Univest iOS App or Univest Android App to track Excel Industries live price and get daily stock recommendations.

Conclusion

The Excel Industries share price target for 2027 is Rs 1,105 in the base case, with Rs 1,323 as the bull case. The support for that view is arithmetic you can check: EPS grew 110.9% a year over FY24 to FY26, and the stock trades at a PE of 16.21. The risks are equally concrete, including a stock that sits 21.5% below its 52-week high and a downside scenario that cuts the price 20% if earnings stall. Use these numbers as a framework, check them against the latest filings, and size any position to your own risk appetite.

FAQs on Excel Industries Share Price Target 2027

What is the Excel Industries share price target for 2027?

Ans. The base-case Excel Industries share price target for 2027 is Rs 1,105, with Rs 1,323 as the bull case. The downside risk level, which is not a target, is Rs 736. These are model estimates from reported earnings and the current PE, not guaranteed outcomes.

What is the Excel Industries share price today?

Ans. As of 9 October 2026, 1:18 PM IST, Excel Industries trades at Rs 917.15, down 0.17% on the day. The 52-week range is Rs 800.05 to Rs 1,168.00.

Is Excel Industries a buy or sell at the current price?

Ans. The data is mixed rather than one-sided: EPS has grown 110.9% a year over FY24 to FY26, but the stock is 21.5% below its 52-week high. Whether Excel Industries fits your portfolio depends on your time horizon and risk appetite, so consult a SEBI-registered advisor before investing. This article is not investment advice.

What are the bull case target and downside risk level for Excel Industries shares?

Ans. The bull case target is Rs 1,323, which assumes 25.0% EPS growth and a PE of 18.64. The downside risk level is Rs 736, which assumes flat EPS and a PE of 12.97. It marks a risk, not a target.

What are the main risks to the Excel Industries price target?

Ans. The main risks are slower revenue growth, a small market capitalisation of Rs 1,157 crore, a PE de-rating and short-term weakness in the broader market. Each is covered in the risk section above.

What is the PE ratio of Excel Industries and how does it compare with the industry?

Ans. The PE ratio of Excel Industries is 16.21 against an industry PE of 23.42. Price to book is 0.68 and return on equity is 4.44%. The base case in the Excel Industries price target holds this PE constant.

Who owns Excel Industries, and what is the promoter holding?

Ans. Promoters held 51.86% of Excel Industries in June 2026. FII held 1.86%, DII held 7.07% and the public held 39.22%.

What were Excel Industries' latest quarterly results?

Ans. In the June 2026 quarter, Excel Industries reported revenue of Rs 300.54 crore (down 6.6% year on year) and net profit of Rs 29.47 crore (down 12.7%).