EXCELLENT - Excellent Wires
Financial Performance
Revenue Growth by Segment
Total revenue from operations grew by 45.63% YoY to INR 22.44 Cr (INR 2,243.90 Lakhs) from INR 15.41 Cr in the previous year. Segment-specific growth percentages were not disclosed.
Geographic Revenue Split
Not disclosed in available documents.
Profitability Margins
Net Profit Margin remained stable at approximately 5.00% (INR 1.12 Cr profit on INR 22.44 Cr revenue), showing a slight decrease of 5.71% in margin efficiency compared to the previous year. Profit before tax stood at INR 1.46 Cr.
EBITDA Margin
EBITDA margin is approximately 8.95% (INR 2.01 Cr), calculated from a Profit Before Tax of INR 1.46 Cr plus Finance Costs of INR 0.09 Cr and Depreciation of INR 0.46 Cr. EBIT improved significantly, contributing to a 238.74% increase in the Interest Coverage Ratio.
Capital Expenditure
The company invested INR 2.79 Cr (INR 279.20 Lakhs) in the purchase of fixed assets during the financial year 2024-25 to support operational scaling.
Credit Rating & Borrowing
The company eliminated its debt during the year, resulting in a Debt-Equity Ratio of 0.00 (a 100% reduction from 0.56). Interest Coverage Ratio improved by 238.74% to 17.64 due to reduced interest expenses and higher EBIT.
Operational Drivers
Raw Materials
Raw materials for wire manufacturing and packaging (such as steel and polymers) represent the largest cost component at 86.73% of total revenue, amounting to INR 19.46 Cr (INR 1,946.23 Lakhs).
Import Sources
Not disclosed in available documents.
Key Suppliers
Not disclosed in available documents.
Capacity Expansion
Current installed capacity is not specified in units; however, the company added INR 2.79 Cr to its fixed asset base in FY 2024-25 to expand its manufacturing footprint.
Raw Material Costs
Raw material costs totaled INR 19.46 Cr, accounting for 86.73% of total income. The company manages these costs through a structured procurement strategy to mitigate price volatility.
Manufacturing Efficiency
Capacity utilization metrics were not disclosed, but the company emphasizes optimum utilization of resources to attain organizational objectives.
Logistics & Distribution
Not disclosed in available documents.
Strategic Growth
Expected Growth Rate
Not disclosed
Growth Strategy
The company is pursuing growth by strengthening its balance sheet through a 100% reduction in debt and a significant equity infusion of INR 15.03 Cr. This capital is intended to fund capacity expansion, optimize resource utilization, and improve the Current Ratio, which rose 945.44% to 17.06.
Products & Services
The company manufactures and sells various types of Wires and Packaging materials used in industrial and infrastructure applications.
Brand Portfolio
Excellent Wires and Packaging Limited.
New Products/Services
Not disclosed in available documents.
Market Expansion
The company aims to contain risks within its appetite while expanding operations, though specific target regions and timelines were not disclosed.
Market Share & Ranking
Not disclosed in available documents.
Strategic Alliances
Not disclosed in available documents.
External Factors
Industry Trends
The industry is currently facing a shift toward environmental sustainability and increased regulatory compliance, which may increase operational costs. The company is positioning itself by strengthening internal controls and financial stability.
Competitive Landscape
The company operates in a competitive environment characterized by pressure from low-cost imports and evolving environmental standards.
Competitive Moat
The company's moat is built on a debt-free balance sheet (Current Ratio of 17.06) and robust internal financial control systems that ensure the safeguarding of assets and detection of fraud.
Macro Economic Sensitivity
The company is highly sensitive to infrastructure spending and GDP growth, as infrastructure project delays are cited as a primary risk to order inflows.
Consumer Behavior
Not disclosed in available documents.
Geopolitical Risks
Rising competition from cheaper imports poses a significant threat to domestic market share and pricing stability.
Regulatory & Governance
Industry Regulations
Operations are subject to environmental norms and sustainability standards, as well as compliance with the Companies Act, 2013 and SEBI Listing Obligations.
Environmental Compliance
The company identifies environmental and sustainability challenges as key risks, though specific ESG compliance costs were not disclosed.
Taxation Policy Impact
The company's effective tax rate for the period was approximately 23.86%, with a current tax expense of INR 0.35 Cr (INR 34.79 Lakhs) on a Profit Before Tax of INR 1.46 Cr.
Legal Contingencies
The company has zero pending litigations that would impact its financial position as of March 31, 2025.
Risk Analysis
Key Uncertainties
Key uncertainties include infrastructure project delays (potential revenue impact not quantified), rising competition from cheaper imports, and potential regulatory changes increasing operational costs.
Geographic Concentration Risk
Not disclosed in available documents.
Third Party Dependencies
The company relies on vendors for raw materials, representing 86.73% of its cost structure, making it vulnerable to supply chain disruptions.
Technology Obsolescence Risk
Not disclosed in available documents.
Credit & Counterparty Risk
Trade Receivable Turnover Ratio decreased by 13.18% to 6.76, indicating a slight slowdown in the collection of receivables.